Digitalisation

Accept investments from KYC compliant e-wallets: Sebi to mutual funds

The use of e-wallets for MF investments was allowed in 2017 to promote digitisation

India's tech sector revenue to cross $245 billion in FY23, shows data

The year is emerging as India's techade, with robust opportunities in creating public digital infrastructure, and greater ease of doing business

Digital literacy prompts India to push next phase of Aadhaar in Budget FY24

Women doing better in digital awareness among reasons for government to expand technology in policies

Rising cost of data hinders rapid digitisation: MoS IT Rajeev Chandrasekhar

Rising prices of data and devices are a concern for the rapid proliferation of digitisation, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Wednesday. The comments have come against the backdrop of a recent hike of about 57 per cent in the minimum monthly recharge plan by the country's second-largest telco Bharti Airtel. "Rise in cost of data or cost of devices are of concern because they are impediments in rapid digitisation," Chandrasekhar said. The minister said that he is not exactly aware of the hike in mobile services rates by Airtel and the ministry may approach telecom regulator Trai to examine if the hike is going to have a short-term or long-term impact. He said that there has been an impact on prices across the world due to the Russia-Ukraine war and the impact of data price need to be examined. Bharti Airtel has increased the price of its minimum recharge for the 28-day mobile phone service plan by about 57 per cent to Rs 155 in eight circles, ..

Software for e-inspection of digitised judicial files launched at Delhi HC

E-inspection will also allow the person to store the file in PDF format once the court approves the application for viewing

E-immigration process for international fliers soon, says Scindia

Airports across the world have started using biometrics to create automated lanes for immigration clearance at airports

Digitisation giving big boost to healthcare, medical education: Mandaviya

The minister also said that there is no risk of data theft in digitisation of medical records of Indian citizens

SBI personal banking loan book up Rs-5 trn mark, helped by digital push

Next Rs one trillion of non-home retail loans by Q3FY24

Prosus posts $80-million loss on investment in PayU India

Technology investor Prosus on Wednesday reported widening of its consolidated trading loss to USD 80 million, about Rs 654 crore, on account of investment in PayU India business during first half of the current fiscal. The Netherlands-based investor firm, however, registered a 59 per cent growth in total payments volume (TPV) at USD 28 billion, about Rs 2.29 lakh crore, in India. PayU revenue increased to USD 183 million, about Rs 1,497 crore. "Consolidated trading losses expanded to USD 80 million, as we continued to invest in growing our credit operations in India. In India, our largest payments market, TPV grew 59 per cent to USD 28 billion, and revenue increased 48 per cent to USD 183 million, following increased digitalisation in e-commerce, financial services and bill payments, and a rebound in post pandemic travel," the company said. The Prosus group's overall trading loss widened to USD 1.4 billion during the reported period from USD 2.8 billion a year ago. The revenue of

Review needed

Govt should address consumer complaints, not monitor product reviews

Ambani says Indian economy to grow 13-fold to $40 trillion by 2047

India is likely to become a USD 40 trillion economy by 2047 -- a 13-fold jump from its current size -- driven primarily by a clean energy revolution and digitalisation, billionaire Mukesh Ambani said on Tuesday. Ambani's estimate for the Indian economy, currently the fifth largest in the world behind only the US, China, Japan and Germany, is more optimistic than Asia's richest man Gautam Adani, who last week stated that India will become a USD 30 trillion economy by 2050 on back of rising consumption and socio-economic reforms. "From a 3 trillion-dollar economy, India will grow to become a 40 trillion-dollar economy by 2047, ranking among the top three economies of the world," Ambani said at the 10th convocation of Pandit Deendayal Energy University here. As the 'Amrit Kaal' -- the period between now and 2047 when India will be celebrating 100 years of independence -- unfolds, the country will witness an unprecedented explosion in economic growth and opportunities, he asserted. "Th

Personal data protection Bill may lead to UK, EU data adequacy deals

Under the new draft DPRP bill put out for public consultation, the government has proposed free cross-border flow of data with "friendly" nations, significantly easing its earlier stance

Companies can add $460 bn to profits with better AI implementation: Study

three things companies need for these gains are improved data practices, trust in advanced AI, and AI integration with business operations

India has democratised technology to fight poverty, says PM Modi

New demographic joining information superhighway, he says at Bengaluru Tech Summit

Goyal calls for IITF-like fairs for showcasing swadeshi capabilities

This year, India's largest annual fair will see the participation of nearly 2,500 exhibitors from India and abroad

Use corrections in IT sector as buying opportunities, say experts

Stellar long-term track record, growing digitalisation augur well for IT sector funds

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

Replacing 'phone banking' with 'digital banking' promoted growth: PM Modi

Prime Minister Narendra Modi on Sunday attributed India's sustained economic growth to the efforts of the BJP government to replace pre-2014 'phone banking' with 'digital banking'. Referring to the previous UPA regime, he said under 'phone banking', instructions were given on phone to banks regarding whom they had to lend to and at what terms and conditions. "The economy of any country is as progressive as its banking system is strong," the Prime Minister said after dedicating 75 Digital Banking Units (DBUs) to the nation via video-conference. Observing that the country has shifted from the pre-2014 'phone banking' system to digital banking in the last eight years, he said "as a result, India's economy is moving forward with a continuum." Modi said before 2014, the banks used to get phone calls to decide their functioning, and added "phone banking politics had made the banks unsafe and made the country's economy insecure by sowing the seeds of thousands of crores of scams." The ..

AI language processors show bias against people with disabilities: Study

A recent study has found that the algorithms that power AI based language processors frequently exhibit characteristics that might be insulting or discriminatory toward people with disabilities