Digital economy Archives

Prime Minister Narendra Modi has already sanctioned almost Rs.1,000 crore for IndiaAI programme

Technology

Govt won’t regulate AI; will create guardrails to curb AI user...

PGurus Newsdesk - July 10, 2023 0

MoS IT Chandrasekhar says AI for India is an important part of digital economy growth strategy and digital government strategy On Monday Union Minister of...

The Indian economy is expected to be around $6,600 billion by 2030 and the app spending is likely to be around 12 percent of the GDP

Commerce

Spending on apps in India to reach Rs.64 lakh cr by...

PGurus Newsdesk - June 30, 2023 0

Apps expenditure expected to reach $800 billion by 2030 According to the report by Broadband India Forum (BIF), with a spurt in smartphone and internet...

The planned investment in data center infrastructure in India will support an estimated average of 1,31,700 full-time equivalent jobs in Indian businesses

Business

Amazon Web Services to invest Rs.1,05,600 cr in building cloud infrastructure...

PGurus Newsdesk - May 18, 2023 1

AWS to make a fresh investment of 12.7 billion in India India’s cloud infrastructure On Thursday, Amazon Web Services (AWS), the Cloud arm of e-commerce...

The tenure of the program will be applicable for six years and the government expects investments worth Rs.2,430 cr in the scheme

Commerce

Centre launches IT hardware PLI 2.0 with Rs.17,000 cr outlay; Industry hails the move

PGurus Newsdesk - May 17, 2023 0

Cabinet approves Production Linked Incentive Scheme – 2.0 for IT Hardware On Wednesday the Centre approved an updated production-linked incentive (PLI) scheme for IT hardware,...

Government's push toward digital payments have also been a major factor in the growth of UPI transactions

Banking

UPI-based transactions see a substantial surge; hit record 8.03 bn in...

PGurus Newsdesk - February 3, 2023 1

This milestone proves that India is now firmly on the path to becoming a digital-first economy In January the Unified Payments Interface (UPI)-based transactions hit...

Support from Centre would be invaluable in expediting revival post-pandemic & harnessing benefits of the tourism sector via rationalization of tax and budgetary outlay on infrastructure

Budget

Travel & Tourism industry seeks govt assistance in upcoming budget to...

PGurus Newsdesk - January 21, 2023 1

Infrastructure status for the Travel and Tourism industry is a long-standing demand of the sector The Travel and Tourism industry has sought assistance from the...

The ‘WealthDesk Year-end Bulletin’ underscored that the country has made significant progress in terms of digital friendliness since 2017

Investing

‘Digital India’ theme emerges as top wealth-generation opportunity for Indian retail...

PGurus Newsdesk - January 19, 2023 1

India made significant progress in terms of digital friendliness since 2017 WealthDesk, the investment technology platform said that the 'Digital India' theme has emerged as...