Digitalisation

UNGA Prez Francis lauds digitalisation, infrastructure investment in India

UN General Assembly President Dennis Francis has lauded India's use of digitalisation that has helped achieve financial inclusion and poverty reduction, underlining that this gives the country a comparative advantage and its lessons can be shared with the global community. Let me say first of all that since I've been to India, every time I think of India, I think Incredible India'. And I mean this in all earnest .And I saw it when I was there. The specific example to which I can refer is India's use of digitalisation, Francis, President of the 78th session of the UN General Assembly, told PTI in an exclusive interview here. He referred to the country's tourism tagline of 'Incredible India.' Francis was in India from January 22-26 this year on an official visit, during which he held a bilateral meeting with External Affairs Minister S Jaishankar in New Delhi and also travelled to Jaipur and Mumbai. During the visit, his interactions with government officials, civil society members a

India has a lot more trust in technology than others: KPMG's Brenda Walker

The Indian government is seeking more advice and strategic direction on sustainability, ESG goal, decarbonisation efforts across supply chain in almost all industries

Enterprise fintech industry set to surge, aiming for $20 bn market by 2030

'Large and small banks have started investing heavily in tech and are focusing on scaling their digital business throwing up opportunities for enterprise fintech firms'

Crowdsourcing: A sign of digital democracy in action

With crowdsourcing of campaign and relief contributions through micropayments, the digitalisation of Indian democracy has added another dimension

Aim to digitise 65,000 cooperative societies by March 2024: Nabard Chairman

Nabard Chairman Shaji K V on Wednesday said the government aims to computerise about 65,000 cooperative societies by March 2024 in order to improve transparency and efficiency of such cooperatives. The National Bank for Agriculture and Rural Development (Nabard) has been designated as project manager for computerisation of cooperative societies under the guidance and directions of the National Level Monitoring and Implementation Committee and Ministry of Cooperation. "Close to 10,000 cooperative societies have already been digitised. We are targeting 65,000 societies to be digitised by March 2024," he said at a conference organised by Sa Dhan. Observing that cooperatives have created lot of inefficiencies over the years, he said, "we are trying to clean up by improving transparency and making them important value chain players through computerisation of these entities." Nabard is also building a data warehouse for cooperatives and the rural sector, he said, adding, it should be in

Govt to soon roll out U-WIN portal for e-registry of routine immunisations

The government is set to launch 'U-WIN' portal, designed on the lines of COVID-19 vaccine management system Co-WIN, for maintaining an electronic registry of routine immunisations. The U-WIN programme has been designed to digitise the Universal Immunisation Programme (UIP) and it is presently being run in a pilot mode in two districts of each state and Union Territory. The platform will be used to register and vaccinate every pregnant woman, record her delivery outcome, register every newborn delivery, administer birth doses and all vaccination events thereafter, official sources told PTI. U-WIN, which will replicate Co-WIN, was launched on January 11 in 65 districts across the country. Vaccination records under UIP are being maintained manually as of now. So this will do away with the hassle of keeping a physical record. It will enable the digitisation of session planning, and updating vaccination status on a real-time basis, an official said. Presently, multiple vaccines and dos

Protean, Google Cloud collaborate to drive digital public infrastructure

The partnership aims to accelerate ONDC and identity & data services through a centre of excellence

Banks need to improve digitalisation, keep vigil on stressed loan: Official

Minister of State for Finance Bhagwat K Karad on Monday said banks need to focus on digitalisation and keep a vigil on stressed loans. Bank should also undertake financial literacy and financial inclusion activities, he said after inaugurating the zonal office of ESAF Small Finance Bank here. Karad said banks should do timely recognition of non-performing assets and make adequate provisions so that the banking system remains healthy. Emphasising on use of technology, he said, it is the future and there is need to promote digital banking. Speaking on the occasion, ESAF Small Finance Bank managing director K Paul Thomas said the bank has special focus on agriculture sector. The bank signed an agreement with Agriculture Insurance Company of India Limited for providing crop insurance. The bank, which has nearly 600 branches spread across 21 states, recorded over four-fold jump in net profit to Rs 302.33 crore for the year ended March 31, 2023. The bank earned a profit of Rs 54.73 cr

SC directs courts to digitise all records of criminal trials, civil suits

Observing that technology has increasingly enmeshed with the systems of dispute resolution, the Supreme Court has directed district courts to digitise all records of criminal trials and civil suits. A bench of Justices Krishna Murari and Sanjay Karol noted that the E-committee of the Supreme Court had issued an SOP for digital preservation on September 24, 2021. The top court said a robust system of responsibility and accountability must be developed and fostered in order to ensure the proper protection and regular updation of all records facilitating the smooth functioning of the judicial process. "Technology has, in the present time become increasingly enmeshed with the systems of dispute resolution and adjudication with the trends pointing to all the more interplay, both supplementary and complimentary between technology and law. "The Registrar General of the high courts shall ensure that in all cases of criminal trial, as well as civil suits, the digitisation of records must be

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