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News on Medial
India seen as leader in Global South because of digital transformation: Meity secretary
Economic Times
·
3m ago
Medial
India is emerging as a leader in the Global South due to its significant digital transformation and advancements in digital public infrastructure (DPI), as stated by Meity Secretary S Krishnan. India is leveraging its experience and talent in AI to benefit not only itself but also other nations, particularly in the Global South. The IndiaAI Mission aims to democratize AI benefits globally. India has signed several MoUs to share its DPI expertise internationally.
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India Inc raises concerns over draft Digital Competition Bill
YourStory
·
1y ago
Medial
India Inc expressed its concerns about the draft Digital Competition Bill 2024 in a meeting chaired by MeitY Secretary S Krishnan. IAMAI proposed recommendations for the Dual Legislation, stating that the current Competition Act and the new bill for digital markets are unjust and untenable. The proposed bill seeks to impose obligations on big tech firms with a global turnover exceeding $30 billion to ensure fair competition in the digital space. MeitY will hold further consultations before deciding on any action.
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India has taken a great techno-legal approach to data privacy: Tata Sons chairman N Chandrasekaran
Economic Times
·
1y ago
Medial
Chandrasekeran added that all the strides taken by India in the space of digital transformation and infrastructure will be applicable to countries globally and especially in the case of the global south.
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India will become $10 trillion economy over next decade, GCCs to contribute $0.5 trillion - The Economic Times
Economic Times
·
25d ago
Medial
India is poised to become a $10 trillion economy within the next decade, driven by Global Capability Centers (GCCs) contributing $0.5 trillion to the GDP while employing 20-25 million people, according to Gunjan Samdani of Goldman Sachs. India's demographic strengths, technological capabilities, and AI advancements position it as a global growth leader. GCCs are transforming from cost-saving units to innovation hubs, aligning with global trends in AI and digital transformation.
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India recognised as source of cost-effective digital applications in Global South: IT Secy
Economic Times
·
9m ago
Medial
India is being recognized as a source for cost-effective and impactful digital applications that can be shared with the Global South, according to a top IT ministry official. The Ministry of Electronics and Information Technology (MeitY) has received international recognition for India's digital power. The ministry provides policy support and addresses ease of doing business issues for technology companies. They are also interested in the application of products developed for niche markets. The ministry offers startup funding through grants and is open to partnerships with industry for research funding.
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Ashwini Vaishnaw takes charge of IT ministry; promises focus on tech, manufacturing
Economic Times
·
1y ago
Medial
Union Minister Ashwini Vaishnaw has emphasized the government's commitment to bolstering India's position as a global leader in semiconductor and electronics manufacturing. In charge of the Ministry of Electronics and IT (MeitY), Vaishnaw highlighted the transformative impact of government initiatives like Digital India, which has empowered citizens through programs like Jan Dhan and Aadhaar over the past decade. Retaining his portfolio in the Modi 3.0 government, Vaishnaw aims to leverage technology for positive change in the lives of Indian people, particularly the youth, and promote a future driven by new-age technology.
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Digital Services In Indian Languages Essential To Combat Cyber Frauds, Says MeitY Secretary
OutlookIndia
·
4m ago
Medial
To combat rising cyber frauds, MeitY Secretary S Krishnan highlights the importance of offering digital services in regional languages. This approach aims to make the internet more accessible and protect users from digital vulnerabilities often exploited in cybercrimes. With India aiming for a USD 1 trillion digital economy, ensuring inclusivity in digital services is crucial, particularly for non-English speakers. Initiatives like Bhasini and the IndiaAI Mission support language inclusion and voice-based interactions, fostering confidence and connectivity.
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India has unique position on how AI could play out in the Global South: UN tech envoy
Economic Times
·
1y ago
Medial
India's successful experience in building digital public infrastructure at scale puts it in a unique position to shape the role of Artificial Intelligence (AI) in the Global South, according to Amandeep Singh Gill, the UN secretary-general's envoy on technology. He believes that India can lead the responsible application of AI for development, addressing challenges faced by developing countries such as financial inclusion and access to education and healthcare. Gill also emphasized the importance of India's participation in global initiatives to ensure inclusive AI governance and protect against misuse of the technology.
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BigEndian Semiconductors raised $3 million in a funding round led by Vertex Ventures SEA & India
Economic Times
·
11m ago
Medial
Bengaluru-based semiconductor startup, BigEndian Semiconductors, has secured $3 million in funding led by Vertex Ventures SEA & India. The company plans to use the funds to expand its team, boost R&D capabilities, and scale operations. BigEndian Semiconductors aims to develop homegrown semiconductor IP in India, with a focus on creating a "Make in India" chipset and launching its own surveillance system-on-chip (SoC) solution. The startup plans to initially target the Global South market before expanding into developed markets like Europe and the US. The investment is seen as an opportunity for India to become a global leader in semiconductors.
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Rising Rajasthan 2024: A landmark summit showcasing innovation, investment, and the power of startups
YourStory
·
7m ago
Medial
The Rising Rajasthan Global Investment Summit concluded successfully, positioning Rajasthan as a leader in digital transformation and investment opportunities. The three-day event featured activities such as thematic sessions and an MSME conclave, highlighting the state's entrepreneurial ecosystem. The iStart Startup Pavilion showcased innovative startups, some of which had the opportunity to interact with Prime Minister Narendra Modi. The summit emphasized the importance of nurturing entrepreneurship in India and discussed the role of digital technology in driving business growth. Overall, the summit showcased Rajasthan's potential for development and its commitment to future growth in the startup ecosystem.
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MeitY accelerates mass awareness program to prevent 'digital arrest' cases
Economic Times
·
8m ago
Medial
The Ministry of Electronics and Information Technology (MeitY) is raising awareness about the increasing cases of 'digital arrest' cybercrime. The MeitY Secretary, S Krishnan, stated that they have launched the Information, Education, and Security Awareness (IESA) program to educate people about maintaining cyber safety and hygiene. Prime Minister Narendra Modi has also stressed the need for awareness to prevent cybercrimes, particularly targeting senior citizens. 'Digital arrest' involves cybercriminals pretending to be law enforcement officers to deceive victims into providing personal information and transferring money. Several recent cases of people being duped by scamsters have highlighted the urgency of tackling this issue.
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