digital economy

Sri Lanka approves Starlink’s satellite internet service, ushering in a new era of connectivity

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Sri Lanka approves Starlink’s satellite internet service, ushering in a new era of connectivity

Sri Lanka’s President Ranil Wickremesinghe announced a development on social media platform X (formerly Twitter), sharing that the Telecommunications Regulatory Commission of Sri Lanka (TRCSL) has approved the launch of Starlink‘s satellite internet services in the country, contingent on a two-week public consultation period.In his post, President Wickremesinghe emphasized the transformative potential of this move … Read more

Urgent need to collaborate on digital security to contain risks: Union Minister Ashwini Vaishnaw

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Urgent need to collaborate on digital security to contain risks: Union Minister Ashwini Vaishnaw

Union Minister Ashwini Vaishnaw. File | Photo Credit: ANI Union Minister Ashwini Vaishnaw on Saturday said the global interconnectedness has created shared security risks requiring the urgent need to collaborate on digital security. Addressing the G20 Digital Economy Working Group Ministers Meet, Mr. Vaishnaw said three priority areas have been selected by the Indian presidency … Read more

KV Kamath says digital economy can contribute 25% GDP by FY29

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KV Kamath says digital economy can contribute 25% GDP by FY29

Mumbai, Noted banker KV Kamath, who now chairs the National Bank for Financing Infrastructure and Development (NaBFID), expects the digital sector to contribute a quarter of the incremental GDP by the time the economy becomes a USD 7 trillion giant by FY29. Currently, the contribution of the digital economy is a low 4 per cent, … Read more

Digital fastest spinning wheel of India’s economy

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Digital fastest spinning wheel of India’s economy

Mumbai: India’s digital economy is growing 2.4 times faster than the overall economic growth as technology adoption is pretty strong, said a research paper in RBI‘s Bulletin. “India’s digital economy grew 2.4 times faster than the Indian economy, with strong forward linkages to non-digital sectors; digital output multiplier has increased over time, highlighting the role … Read more

Data centers to enable India’s trillion-dollar digital economy growth; Mumbai, Chennai to lead, report

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Data centers to enable India’s trillion-dollar digital economy growth; Mumbai, Chennai to lead, report

India’s data centre industry is poised for a sustained period of growth and much of this will centre around Mumbai and Chennai due to their business and infrastructure advantages, strategic location, and cable landing stations that are well-positioned to support this growth, said a Nxtra by Airtel and JLL India’s joint study. The expansion of … Read more

A decade from today – will Health records be maintained and available as easily as social media? – ET HealthWorld

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A decade from today – will Health records be maintained and available as easily as social media? – ET HealthWorld

By Anurag Khosla India is proving itself as a major player in the digital economy. By any number of metrics, from internet connections, smartphone users to app downloads, both the volume and the growth of India’s digital economy now exceed those of most other developing countries. But what does this increased connectivity and digital revolution … Read more

China will maintain prudent, flexible monetary policy in H2: Central bank

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China will maintain prudent, flexible monetary policy in H2: Central bank

China will maintain a prudent, flexible and targeted monetary policy in the second half of the year, its central bank said on Saturday, as it seeks to support growth while keeping the digital economy in check. China’s economy has staged a strong rebound from the impact of the Covid-19 pandemic, but recent data has suggested … Read more

In India, digital economy is the place to be in for next 5 yrs: Julius Baer

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In India, digital economy is the place to be in for next 5 yrs: Julius Baer

IT services companies will also benefit from increased digitalisation of the economy, says Mark Matthews, MD, Julius Baer. This week’s action on Wall Street certainly is creating some uneasiness for market watchers. Is this the time to buy the sharp decline or is this the end of the road for markets this year? What is … Read more