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The UPI lesson that Federal Reserve needs to learn from India

According to Google, UPI was thoughtfully planned and critical aspects of its design led to its success.

digital technology

Dec 15, 2019, 08.07 AM IST



The grand digitization of the finance industry: How technology is paving the path towards the future

Digitization has helped the common man achieve financial independence by obtaining affordable access to finance.

Indian IT companies deploy hitech technologies at home and abroad

India’s big tech players now have products that offer unique solutions invo...

5 ways you can lose money while making payments online

The further we are moving along the digital highway, the more we are exposing ourselve...

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    The 12 domestic carriers including full-service carriers Air India and Vistara and budget carriers Indigo, Spicejet, Goair and AirAsia India together had flown 11.6 million passengers in November. The cumulative domestic passenger traffic in the January-November period of the current calendar year stood at 131.11 million up from 126.28 million in 2018.

    In the new digital era, mid-level managers set to get a significant raise once they finish digital training.

    There are some significant shifts in IIT campus placements over a decade — between 2009-10 and 2019-20. These offer insights into the present corporate environment — and the future.

    The curriculum at the Samsung Innovation Lab at IIT Guwahati will include Internet of Things (IoT), Embedded Systems (ES), Artificial Intelligence (AI) and Machine Learning (ML). The students will be trained on these industry-relevant skills in order to make them job-ready. The 14-week long course will be taught through classroom lectures, assignments and lab room sessions, self-study and mini-projects.

    The newly opened Centre of Excellence (CoE) will collaborate for virtual simulation in upcoming technology areas to improve performance, reliability and create an ecosystem to encourage R&D and entrepreneurship in the ACES mobility space in India. STPI intends to set up 21 such CoEs across India and this is the fifth such centre. STPI is set up by MeitY in 1991.

    The fear for companies such as Google, Facebook, Netflix, Amazon and LinkedIn is that if the servers sit in India, it would be seen as a PE and will attract higher tax. Some are also exploring another route for tax saving. They may consider creating a separate company that would own servers and the main entity would only pay “rent” for using it.

    China's central bank - the People's Bank of China (PBC) - has stepped up efforts to roll out its Digital Currency Electronic Payment (DCEP) as it seeks to stay ahead of the competition among central banks around the world and help preserve financial sovereignty, state-run Global Times reported.

    The list features Bhushan Kumar for T-Series’s achievements in the digital domain.

    The brand custodian Minal Somany is involved with strategic decisions across ATL, BTL and digital platforms.

    "Ministry should carry out regular recruitment of qualified/trained staff for this purpose. It should not compromise in any manner on the quality of statistical staff at the field level, so that the credibility of the whole process is not jeopardized," the Parliamentary Standing Committee on Finance said in its report on MOSPI tabled in the Lok Sabha on Tuesday.

    Western Digital has made India a key engineering base with several global products developed out of local R&D centre. Push on developing talent is an important reason why most new products created by Western Digital have an India connection. The company has put in place a dedicated training program for its campus hires in India.

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