Page 2 - Digital Economy

Govt aims to cross 10 mn job-mark from digital economy in 2 yrs: Vaishnaw

The government has set a target to cross 1 crore job-mark in the next 2 years in three main segments of digital economy -- electronics, startups and IT, and IT-enabled services, minister for IT and Communications Ashwani Vaishnaw said on Wednesday. While speaking at an ESCSTPI event for startups, Vaishnaw said three big pillars of digital economy -- electronics manufacturing, IT and ITes, startups -- they have created 88-90 lakh jobs. "Government has set a target that in this we should be easily crossing 1 crore jobs in the coming two years without any doubt," the minister said. He said that the digital economy and its associated employment is a major trend now and the other trend is diversity. "Earlier names of a couple of cities were mentioned for startups. Now when I go to schools in villages, children in villages want to set up a start-up," Vaishnaw said. The minister said that India is now becoming a technology producer from being a technology consumer. He said that the Soft

OTT discussions on draft telecom bill to hamper Indian startups: IAMAI

The IAMAI, in its letter to the Department of Communication (DoT), has expressed grave concern about the impact of these changes on India's startup ecosystem and the digital economy

National security, building cybersecurity products on our agenda: DSCI CEO

'Tremendous amount' of data will be flowing into India, says leader of research and policy group

Is investors' love for digital India over?

Shares of companies within the ambit of digital theme have succumbed to the turmoil in the global tech industry as recession fears continue to rise. What do experts recommend against this backdrop?

Infosys BPM opens AI, automation unit in Poland for global clients

Centre will offer solutions for lowering costs, productivity, and customer experience: Company

'US looking forward to support India's G20 presidency': Janet Yellen

The 2022 G20 Summit will take place under the presidency of Indonesia in Bali between November 15 and 16

CCI needs an update to ensure fair play in digital economy, say experts

New Bill, better training will help anti-trust regulator perform better, they add

NHAI now accepts electronic bank guarantees, aims to adopt digital tech

The National Highways Authority of India (NHAI) has started accepting electronic bank guarantees and digitalised all its existing bank guarantees, an official statement said on Wednesday. The move is aimed at improving the efficiency and transparency of internal processes and taking forward the adoption of digital technology. NHAI is using the electronic bank guarantee services of the National e-Governance Services Ltd, which helps in the reduction of physical paper movement, doing away with physical storage needs and easy access to the bank guarantee life cycle, including renewal. Few electronic bank guarantees (E-BGs) have already been issued by banks in favour of NHAI. "E-BGs promote transparency, bring in several efficiencies and provide ease of doing business to our stakeholders," Alka Upadhyaya, Secretary, Ministry of Road Transport and Highways & Chairperson, NHAI, said.

Will realise $1-trn digital economy goal in 5-7 years: Rajeev Chandrasekhar

The Minister of State for Electronics and Information Technology said that despite the deep disruption caused by the pandemic, India as a nation has emerged stronger

Covid impact shows that work can be done remotely: Wipro's Rishad Premji

IT companies facing high attrition because they chase the same talent pool and should widen their search, he says

Yotta signs MoU with UP govt to invest Rs 39,000 cr in data centre park

First data centre already launched at a cost of Rs 1,500 cr; Yotta to spend Rs 39,000 cr on construction, IT equipment and hardware over next 5-7 years

No break-up fee from Prosus after termination of deal with BillDesk

PayU's expansion plans which it had charted out based on the acquisition have been put on hold for over a year

Penalty to be levied on tech giants breaking digital market rules

These norms are expected to prohibit actions taken by e-commerce platforms such as "self-preferencing" to market their own brands

India-US Trade Policy Forum meeting expected soon, says Piyush Goyal

Asserts Indian exports not impacted by GSP, says India looking to have very contemporary and modern digital laws, while maintaining high levels of data privacy

Should there be charges on UPI fund transfers?

Will you be comfortable paying for your daily UPI transactions? This is one of the many questions that the RBI has asked from the public as it wants to help make this digital ecosystem sustainable.

India to become hub for global app innovation, says Google Play executive

Indian apps and games on the Android platform clocked 200% increase in active monthly users between 2019 and 2021

Digital economy is space for growth, opportunity between India, US: USIBC

Describing the digital economy as a goose that lays golden eggs, the head of the US-India Business Council (USIBC) has called for the creation of structures, regulations and the legal framework to ensure the continued vitality and growth of this key sector in the US and India. Addressing the 7th India Ideas Conclave in Bangalore on Sunday hosted by the India Foundation, at the panel Commerce & Industry 2.0. President of the USIBC Atul Keshap discussed India's impressive development, the success of government-led digitisation efforts, and the country's status as the fastest-growing large economy. Digital economy trade is the goose that lays the golden eggs between both of our countries...My appeal to you would be that we make sure that we create the structures, and the regulations, and the legal framework to ensure the continued vitality and continued growth of the digital economy in the United States and India, Keshap, also a former top American diplomat, said. There is a sweeping

Taxing digital companies: UN tax panel working on new set of rules

Discusses adopting multilateral approach in tax treaties for faster solution

Google aims to bring benefits of digital economy to Telangana youth, women

Google on Thursday signed a Memorandum of Understanding with the Telangana government to bring benefits of digital economy to youth and women entrepreneurs

Indian startups, big firms aim to make digital economy personal: Adobe

New innovations in Adobe Experience Cloud are customising experiences for millions of people and from startups to big firms in India, the aim now is to make the digital economy personal, Adobe said