MAGIC AADHAAR
EPFO 3.0 promises a digital PF experience, but can it fix years of legacy problems?
EPFO 3.0 aims to modernize provident fund services through upgraded technology, faster claim processing, simplified withdrawals, digital record corrections and improved user access. While these reforms promise greater convenience, longstanding issues such as data quality, employer dependence, pension complexities and grievance resolution remain challenges that will require sustained implementation efforts.
A hundred countries now want to replicate India Stack—this is transformational, says Accion President Michael Schlein
Accion’s president says India is now ‘overweight’ in its global fintech portfolio, with innovations increasingly travelling from India to Africa, Latin America and beyond.
IRCTC tatkal booking: Here are top tips to book confirmed tickets before Diwali, Chhath
With Diwali and Chhath approaching, Indian Railways anticipates a significant surge in passenger traffic, making Tatkal bookings crucial for last-minute travelers. To secure confirmed tickets, passengers should prepare details in advance, utilize the IRCTC master list, and opt for faster payment methods like UPI or the IRCTC wallet.
Zerodha Mutual Fund goes live on ONDC, broadening access to mutual fund investing
Zerodha Mutual Fund integrates with ONDC, becoming a pioneer in offering mutual funds on the open digital commerce network. The move aims to make investing simple, transparent, and widely accessible across India.
Is RBI's CBDC initiative just another digital mirage?
Launched by RBI in 2022, CBDC aimed to reduce India's reliance on the dollar and counter cryptocurrencies. Despite lackluster adoption, fintech companies like CRED and MobiKwik are introducing CBDC wallets, envisioning potential to challenge UPI giants like PhonePe and Google Pay.
As China's DeepSeek disrupts Wall Street, can India turn the AI tide in its favour?
China's DeepSeek has emerged as a leading force in AI foundation models, delivering cutting-edge capabilities at lower costs. This progress marks a shift from China's traditional manufacturing role and highlights the need for countries like India to bolster their AI research and infra significantly.
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DeepSeek's AI success has India staring at a big question - Can it catch up?
China emerges as a key player in AI foundation models with DeepSeek's advanced large language models. India, divided on its AI strategy, must enhance infrastructure, invest in R&D, and foster collaboration to compete globally. Emphasis on indigenous tech and commoditizing hardware is crucial for progress.
Now a lounge for income taxpayers: These are the tax services you can avail at IITF, 2024 in Pragati Maidan, Delhi
Income tax lounge at Pragati Maidan, New Delhi: Now you can visit the income tax lounge at India International Trade Fair (IITF) near Supreme Court metro station in Delhi. In this lounge you can ask various tax queries to the income tax department officers and get advise and help too in this regard.
Satellite 'magic bullet' to connect the unconnected; offers opportunity to cover areas left out: Sunil Mittal
Bharti Chairman Sunil Mittal described satellite communications as crucial for connecting remote areas unserved by traditional networks. Addressing the NDTV World Summit, he noted that about 2 billion globally remain offline. Mittal emphasized the potential in India, where 5% of the population lacks connectivity. He highlighted that two ground stations are prepared, pending government approval.
India a key growth engine: cloud tech company Avaya CEO Alan Masarek
Avaya announced that it is witnessing an accelerated momentum for its solutions in India, particularly among enterprises looking to infuse artificial intelligence into customer experience.
Data Sutram secures $3 million in funding to accelerate product development for BFSI
Data Sutram’s blends unstructured and structured data from over 250 sources that yields intelligence on over one billion consumers and over 60 million businesses. In addition, the Data Sutram platform can seamlessly blend internal client data and financial regulated data to boost growth.
ET Startup Awards 2023: FIA Global bags the Social Enterprise Award
Launched in 2012, FIA Global has 35,000 outlets that function as mini bank branches. Equipped with a laptop, biometric device and printer, the facilities are manned by micro entrepreneurs from the local community. These are connected with the partner bank’s core banking solution, enabling customers to walk in and conduct basic financial transactions in real time.
Crooks blackmailing influencers using AI-made deep nudes
As per data gathered by ET, keywords like 'Remove Dress AI' and 'Deep fake AI tools' have seen a huge surge in Searches with related queries being those of websites like Undress AI, Magic Eraser AI, Soulgen AI.
India is 15% of solution G20 is looking for in terms of economic growth: Jaishankar
The minister cited managing director of the International Monetary Fund Kristalina Georgieva's statement that in "otherwise a fairly gloomy global economic scenario" India's GDP base is growing at seven percent and is likely to increase in the coming decade. "
DPI: Where India is uniquely positioned to lead the world
Each layer of India Stack addresses a clear need and enables the critical flows necessary for any society - that of people, money and information. These, when integrated, lead to considerable value creation across all segments through a network effect. And that is when magic happens.
Budget 2023: fiscal support for digital payments ecosystem to continue
Highlighting achievements of the Union government since 2014, she added that the economy has clocked 7,400 crore digital payments worth Rs 126 lakh crore through unified payments interface (UPI) infrastructure in 2022.
Single Nodal Account dashboard to make governance more transparent, realise better value of every rupee spent: FM Sitharaman
Speaking at the event, Sitharaman said about Rs 4.46 lakh crore gets transferred to states by way of Centrally Sponsored Schemes and SNA would bring about greater transparency in the spending of the amount.
Open digital platforms can unlock economic value of over $700 billion by 2030: Nasscom
Creating such digital platforms and ecosystems around them can drive $500 billion in new value and drive additional savings of $200 billion, a Nasscom report - The Platformisation Play – showed.
Crorepati maker! After 1,400% rally in Covid year, this stock is still gung ho
Analysts tracking the company appreciated its BFSI and technology capabilities, but said the stock might already be priced to perfection after the recent rally.
Stocks in the news: BPCL, Tata Motors, Cadila Healthcare, Max Financial & Godrej Properties
Zydus Cadila is likely to release the phase III data of its Covid-19 vaccine by the end of this month or early next month.
Intellect Design Arena unveils AI-powered Aadhaar processing solution
Intellect Design Arena’s Magic Aadhaar will hyper-digitise the end-to-end process of automatic classification, extraction and masking of Aadhaar numbers for complete compliance and security.
View: Direct cash transfer is not the vaccine for reviving GDP. It’s not even anti-viral remdesivir
Economists like Raghuram Rajan, Abhijit V Banerjee and Manmohan Singh, as well as politicians like P Chidambaram and Yogendra Yadav, have been advocating more cash be put in the hands of people. But they haven’t answered ‘How?’, ‘How much?’, and ‘At what cost?’ What is the magic fiscal deficit number appropriate for balancing the macro consequences of direct cash transfers (DCTs)?
Facebook is a bigger threat to privacy than is Aadhaar, says tech entrepreneur Vivek Wadhwa
Who are you more worried about: companies that are selling you and lying to you at the same time, or governments that are trying to operate for its population?
No magic pill. HP looks to ride digital wave here: CEO Dion Weisler
In an interview with ET, HP's CEO Dion Weisler spoke about the company’s plans for India-specific devices and its prospects in the Indian market.
Five takeaways from PM Narendra Modi’s political moves in 2016
In 2015, he appeared your regular risk-averse, status-quoist politician, out to please all. 2016 saw him as a man not afraid to shock the system.
Five Modi takeaways in 2016
In 2015, he appeared as your regular risk-averse, status-quoist politician out to please all. 2016 saw him as a man not afraid to shock the system.
While avoiding overt discrimination, parties stoke voters’ prejudices subliminally
Modi deliberately chooses the Urdu shehzada because he knows dabbing Rahul with an Islamic brush will make him that much more foreign, un-Hindu and despicable to those with inherent prejudices.
Account opening rush for direct cash transfers leading to Bank goofups
Nationalised banks that are being pushed to open record number of account to roll out direct cash transfers are doing so.
Combating corruption: Try technology as it can be transformational
Technology too is no magic bullet, but can provide transparency, access and efficiency, and be transformational.
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