India - Electronic Gurudev

Feb12017 by Team - The Digital IndianNo Comments

Surgical strikes a fitting reply to repeated incursions: President Mukherjee

National

The surgical strikes by India at several terrorist launch pads along the Line of Control to prevent infiltration from Pakistan was a “fitting reply” to the repeated incursions on its territorial sovereignty, President Pranab Mukherjee said. Noting that the country is facing the grave challenge of terrorism for the last four decades including cross-border attacks in Jammu and Kashmir, Mukherjee, in his address to the joint sitting of both the Houses of Parliament on the opening day of the Budget Session, said India will actively cooperate with other nations to decisively defeat terrorist forces. Asserting that the government is committed to combating terrorism and ensure that the perpetrators of such acts are brought to justice, he said, “My government has taken decisive steps to ...

Jan262017 by Team - The Digital IndianNo Comments

India ranks sixth on eight great powers in 2017

International

India is ranked at the sixth spot, behind China and Japan, in a list of eight great powers for the year 2017 by a leading American foreign policy magazine which is topped by the US. The list is topped by the US, whereas China and Japan are at tie for being on the second spot. Russia (fourth) and Germany (fifth) are the other two countries ahead of India. Iran is ranked seventh and Israel is on the eighth spot. “Like Japan, India is often overlooked in lists of the world’s great powers, but it occupies a rare and enviable position on the world stage,” The American Interest magazine said in its latest annual report of eight great powers. India is the world’s largest democracy, home to the second-largest English-speaking population in the world and boasting a diversified and rapi...

Jan262017 by Team - The Digital IndianNo Comments

India leaves America far behind in innovation with its digital initiative

Opinion

Viewed from Silicon Valley, the progress that India has made in building a digital infrastructure, evokes awe. The American technology industry fancies itself as the global leader in innovation, yet India has leapt far ahead. Silicon Valley’s technology investors hype complex technologies such as bitcoin and blockchain. But India, with simple and practical innovations and massive grunt work, has built a digital infrastructure that will soon process billions more transactions than these do. India is about to skip two generations of financial technologies and build something as monumental as China’s Great Wall and America’s interstate highways. Though few people in the West know of Aadhaar, it has been the largest and most successful information technology project in the world. ...

Jan262017 by Team - The Digital IndianNo Comments

Satya Nadella appointed as Starbucks board member

Economy

Microsoft CEO Satya Nadella has been appointed to join the board of Starbucks. Nadella has been nominated along with President and CEO of Sam’s Club Rosalind Brewer and Executive Chairman of the LEGO Brand Group J rgen Vig Knudstorp, thereby increasing the count of people in the Board of Directors to 14. Nadella was born in Hyderabad, India and became CEO at Microsoft in February 2014. He said he was honoured to be appointed as one of the Board members. He also said that he has always admired Starbucks’ focus and deep passion for its customers and the communities it does business in and that he hopes his years of experience in the technology industry will be of value to the company. Starbucks, on their part, praised Nadella and said he was put forward for his invaluable insight...

Jan142017 by Team - The Digital IndianNo Comments

PwC studies shows India’s contribution to world GDP to reach 17% this year

Economy

India grew fastest among major economies worldwide at over 7.5 per cent in 2016 and will continue to drive global growth in 2017 with its share in the world GDP expected to rise to 17 per cent, a study said today. “Asia will remain the fastest growing region of the world, but the spotlight will shift away from China to India and Indonesia,” PwC’s global economy watch said, adding that Indonesia is set to become the world’s 16th trillion dollar economy. As per the projections Chinese growth to remain at around the 6 per cent mark, while India’s contribution to world GDP growth could reach almost 17 per cent this year. The study noted that China will feel the costs of higher private sector debt burden. “China’s non-financial sector debt stands at more than 250 per cent of GDP. I...

Jan92017 by Team - The Digital IndianNo Comments

PM Narendra Modi woos NRIs, calls for investment at 14th Pravasi Bharatiya Divas

National

PM Narendra Modi reached out to the young NRIs by calling them a valuable partner in the journey of development as he delivered the keynote address at the 14th Pravasi Bharatiya Divas in Bengaluru. While lauding the Indian diaspora for extending their support in the government’s fight against corruption and black money, Modi urged them to first develop India by investing and contributing its expertise in the land of its origin. Catch the highlights here: – Remittance of close to 69 billion dollars annually by overseas Indians makes an invaluable contribution to the Indian economy. We want to turn ‘brain-drain’ into ‘brain-gain’ and your support in this is very important. – NRIs and PIO have made outstanding contributions. Among them are politicians of great stature, scienti...

Jan82017 by Team - The Digital IndianNo Comments

Pravasi Bharatiya Divas recorded largest crowd ever

Karnataka

With a record participation since its inception, the 14th edition of the Pravasi Bharatiya Divas got off the ground on Saturday amid deliberations on several issues concerning the Indian diaspora across the globe. The stage was set for the three-day event by the Surinamese Vice-President, 36-year-old Michael Ashwin Adhin, who sought India to be a big player on the global platform while also seeking technology know-how from India for the development of his country that received Indian indentured labour between 1873 and 1916. ‘Unprecedented numbers’ The number of delegates that has now crossed 7,100 has been “unprecedented” since the inception of the event in 2003 to provide a platform for engagement between the diaspora and the government, said Secretary, Ministry of Foreign Affair...

Jan72017 by Team - The Digital IndianNo Comments

RBI Calls on Indian Banks to Explore Blockchain

Economy

Though governments and banks may be wary of Bitcoin and its application, the technology behind the crypto-currency—blockchain—is what has attracted attention of many. In India, three private sector banks—ICICI, Yes and Axis—have already instituted the technology for domestic financing, intra-bank transactions and cross border remittances, with many more vying potential uses for the technology. But, now blockchain is expected to get a much-needed push, which may make it one of the primary platforms in the country. The central bank’s research arm, Institute for Development and Research in Banking Technology, has released a White Paper saying that the technology has matured enough to be considered for various uses across the spectrum. Moreover, the research also showcases a proof-of-conce...

Jan52017 by Team - The Digital IndianNo Comments

Obama believes India-US relationship worth investing, says White House

USA

President Barack Obama has deeply invested in strengthening Indo-US ties in the eight years of his administration as he believes that there are profound diplomatic and economic benefits in doing so, the White House has said. “Obama has invested deeply in strengthening the relationship between the United States and the world’s largest democracy in India and the President believes that there are profound national security, diplomatic and economic benefits for strengthening those ties,” White House Press Secretary Josh Earnest told reporters at his daily news conference. Earnest was yesterday responding to questions on what are the things Obama would like President-elect Donald Trump to do when it comes to Indo-US relationship. “So, I have not heard the incoming President articul...

Jan42017 by Team - The Digital IndianNo Comments

India to be world’s third assembler of Apple iPhones

Technology

With the upcoming Bengaluru assembly plant of Apple, India will become only the third country to do the final assembly of iPhones -an indication of how important the country has become for the world’s most-valued company .Apart from one assembly facility in Brazil, all of Apple’s assembly units for its bestselling product are in China. Apple uses a global and fairly complex supply chain. The parts for the iPhone, iPad, iPod and Mac are manufactured, mostly by third parties, across 28 countries. It has 766 suppliers, of which 346 are based in China, 126 in Japan, and 69 in the US. There is one in India -in Sriperumbudur in Tamil Nadu. That’s a unit of Flextronics. But it’s not clear what the unit makes. Some parts made by these suppliers are sub-assembled in certain locations. All...