Digital India

IT industry's apex body Nasscom said that data is the bedrock for 'Digital India' and the new framework can build on the learnings from global implementation of data privacy laws and stakeholder feedback on the earlier bill. "The key imperatives will be to operationalise the fundamental right of privacy and enable data protection in a manner that grows trust in data driven businesses and allows data led services to grow in a safe and trusted manner," Nasscom said in a statement.

PhonePe, AGPL Pte. Ltd. and OSLabs Pte. Ltd. have reached an amicable settlement in the matter, with PhonePe acquiring AGPL's entire stake at a premium. The closure of this deal allows PhonePe to pursue its stated vision of building a homegrown horizontal, local Appstore, while AGPL gets a premium on its original investment.

Since 2008, eMudhra has been issuing digital signature certificates in India. In addition to digital certificate solutions, eMudhra offers a variety of other services including tax filing services, digital signing solutions, digital certificate authentication system and trusted time stamping services.

The DX priorities that will see the largest investment in 2022 include back office support and infrastructure, smart manufacturing, and digital supply chain optimisation. Together, these three investment areas will represent more than $620 billion in DX spending this year, according to the International Data Corporation (IDC).

The trend has been captured in the backdrop of the post-pandemic era, which has increasingly seen a rise in digital consumption across segments including grocery, fashion, health and beauty, consumer electronics travel, sports and fitness, crafts and creative and alcoholic beverages. "Seventy-five per cent of the Indian consumers (59 per cent globally) are evolved and are more aware and protective of their personal data," said Somick Goswami, Partner at PwC during the India D2C (direct-to-consumer) summit here.

Fintech platform BharatPe on Wednesday revealed for the first time that Ashneer Grover, his wife Madhuri Jain, and their relatives were engaged in extensive misappropriation of company funds and grossly abused company money to fund their lavish lifestyles

Finance Minister Nirmala Sitharaman announced in the Budget 2022-23 that the Reserve Bank of India will issue Central Bank Digital Currency (CBDC) by in FY23. She said that this move “will give a big boost to digital economy (and this) currency will also lead to a more efficient and cheaper currency management system.” Hence, it is important to know what is this CBDC, why is this being hailed as a move towards fintech revolution and how is this different from private currencies such as cryptocurrencies. Here’s an explainer.

FM Nirmala Sitharaman introduced the Central Bank Digital Currency in her Union Budget 2022-23 speech, saying that it will give a big boost to the digital economy."I said that RBI will be issuing a digital currency...a currency is a currency only when it is issued by a central bank, even if it's a crypto. So, let's understand that we are not taxing currencies which are yet to be regularised," Sitharaman said later during the press briefing on Tuesday while clarifying the government's stance on cryptocurrency.

With this, India will join certain countries that have their own central bank digital currency (CBDC) that refers to the virtual form of a fiat currency. "Digital rupee to be issued using Blockchain and other technologies by the RBI starting 2022-23. This will give a big boost to the economy," said Sitharaman in her Union Budget 2022-23 speech in Parliament. RBI has already been deliberating upon various aspects relating to the central bank digital currency and private cryptocurrencies.

According to data acquired by financial news portal Finbold, between October and January, the number of Bitcoin addresses holding over $1 million has reduced by 28,186 or 24.26 per cent. According to data acquired by financial news portal Finbold, between October and January, the number of Bitcoin addresses holding over $1 million has reduced by 28,186 or 24.26 per cent.