The PM, Sh Narendra Modi during his address to the Nation on the Independence Day on 15 August emphasized on his dream of a digital India with broadband reaching every village, e-governance networks all over and people moving to a cashless society.
Our GDP growth in the second quarter has touched 8.2% making India the fastest growing economy. However all is not well with rising petrol and diesel prices and increasing inflation.
TRAI Chairman, RS Sharma who was retiring last month, has been given an extension for another two years till 2020. Sharma has been very active regulator known for bringing path breaking consultation papers and recommendations like net neutrality, common tariff order and other regulations for all addressable services in the broadcasting sector and creating an environment after RJio’s entry in the field to set a price war in the telecom industry to the advantage of the consumers.
Country lost a veteran parliamentarian and former Prime Minister, Atal Bihari Vajpayee who left for heavenly abode on 16 August. He is better known as father of telecommunication in India having ushered in the first National Telecom Policy leading to an organized growth in the sector with entry of private players and setting up of the telecom regulator TRAI.
Digital payment market in the country is expected to touch 1 trillion by 2023 from 200 million today. Entry of Warren Buffet, Jack Maa, Google, Facebook and Amazon seeking a share of the pie has made India a desired destination for heavy investments in the sector.
The way people are catching on to social media and digital economy, safety of their personal data particularly after their death has become a matter of concern. There is a need for the government to frame policies to secure digital assets of individuals once their accounts become inactive.
Prathem Group has last month launched a TV shopping channel ‘Prathem Bazar’ which is claimed to be very different from other existing shopping channels. Their focus is on electronic equipment and accessories.