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Searched Tag: digital economy

The Ministry of Electronics and Information Technology (MeitY) is set to advance its agenda, capitalizing on past successes while introducing new initiatives, according to IT Secretary S Krishnan.

New govt to expand tech initiatives: IT Secretary

June 5, 2024, 03:31 PM - 2 min read

As the NDA prepares to form the government for a third consecutive term, Krishnan assured that the pace of technological progress will continue unabated.

Reserve Bank Governor Shaktikanta Das convened discussions on Wednesday with banks and key stakeholders to explore avenues for expanding the Unified Payments Interface (UPI) ecosystem, bolstering product offerings, and stregnthening innovative payment solutions.

RBI Guv Das discusses ways to enhance UPI ecosystem

May 9, 2024, 01:27 PM - 2 min read

"The meeting entailed comprehensive discussions on strategies to broaden and deepen the adoption and usage of UPI. Valuable inputs and suggestions were exchanged among stakeholders," the statement noted.

Arvind Nithrakashyap, Co-founder and CTO of Rubrik, a leading US-based cloud data management and security company, highlighted the critical importance of robust cybersecurity measures in today's increasingly digitised landscape.

Extent of digitisation in India makes data security crucial: Rubrik founder Arvind

May 6, 2024, 12:43 PM - 2 min read

Discussing Rubrik's inception, Nithrakashyap highlighted the company's founding principle of addressing the overlooked aspect of data security amid heavy investments in infrastructure security.

India's digital economy is on the brink of a monumental transformation, with forecasts predicting a remarkable surge in the e-commerce market to a staggering $325 billion and the country's digital economy reaching an unprecedented $800 billion by 2030.

India's E-commerce to surge to $325 Billion by 2030

April 28, 2024, 09:00 AM - 2 min read

With the second-largest internet user base globally, India is slated to ascend to the third spot in the online retail industry by 2030, driven by the exponential growth of its digital economy.