Author: News Desk

The Department of Telecommunications (DoT) is currently assessing approximately 440 proposals, valued at over Rs 1,000 crore, for funding through the Telecom Technology Development Fund (TTDF) scheme. Launched on October 1, 2022, the TTDF aims to foster rural-specific communication applications and drive technology ownership, indigenous manufacturing, and the creation of intellectual property in the field of telecom products and solutions. Stringent Evaluation Criteria The evaluation process focuses on several critical parameters, including the technical viability of proposed solutions, market size, and their impact on the target consumer segment. Additionally, the evaluation considers factors such as potential for import substitution, originality,…

In a recent development, the Indian government has issued directives to YouTube to add disclaimers to channels suspected of spreading ‘fake’ news. This decision is part of a broader effort to combat online misinformation in the lead-up to the Assembly and Lok Sabha elections. The move has garnered attention following previous controversy surrounding the government’s plan to establish a fact-checking unit, which raised concerns about potential censorship. Ministry of Electronics and Information Technology Takes Action The Ministry of Electronics and Information Technology (MeitY) has taken the lead in addressing the issue of online misinformation. In a memorandum sent to various…

Qatar Airways has announced the partnership with Elon Musk’s SpaceX to make Starlink Wi-Fi in the sky available at no cost to every passenger with speeds up to 350 Mbps. “Qatar Airways is proud to announce its agreement with Starlink to provide seamless and complimentary Wi-Fi to its global passengers. This exciting collaboration is not only in line with our industry-leading approach to technological adoption, but also serves as an unmissable opportunity to connect Starlink to our global passengers. We look forward to our passengers benefitting from this state-of-the-art addition to Qatar Airways’ in-flight experience,” shared His Excellency Mr. Akbar Al…

India FinTech Forum has announced the launch of the inaugural edition of the Fintech Olympiad. Backed by industry leaders including Zerodha, CashRich and Clear, Fintech Olympiad aims to encourage financial literacy in college students. Maharashtra State Innovation Society and Unstop are supporting the initiative to increase its reach. According to an official release, the first of its kind competition focused on financial literacy, Fintech Olympiad 2023 has received applications from over 2000 colleges. Students from universities not only in India but also from Hong Kong, France, USA, Indonesia, Switzerland, United Kingdom and Vietnam are also participating in the competition, it…

In the fast-paced world of business, where CEOs and founders navigate the challenges of entrepreneurship, a select group of leaders has found solace in a seemingly unlikely pastime: gaming. While the corporate world demands their time and attention, these individuals have discovered that games, whether in the form of chess, board games, or even video games, offer more than just entertainment. They serve as a valuable outlet for relaxation and a source of personal and professional growth. This article delves into the fascinating stories of these business leaders and their unique approach to finding balance through play. Chess: A Strategic…

In a significant development that will particularly benefit Indians eagerly awaiting their US green cards, the US Citizenship and Immigration Services (USCIS) has announced a major update. Under this new provision, the United States will now issue Employment Authorization Documents (EAD) with a five-year validity to specific non-immigrant categories, which includes individuals in the queue for green cards. This change in EAD duration represents a promising step towards streamlining the immigration process and tackling the extensive backlog of green card applications. Extending EAD Validity The USCIS has made this change by increasing the maximum validity period for Employment Authorization Documents…

After achieving a significant milestone last year by launching the first recruitment office in the metaverse, Marc Ellis now introduces AIVI, a revolutionary AI recruitment platform to enhance the recruitment landscape. Designed to drastically cut down interview hours for employers and provide instant performance feedback to candidates, AIVI is set to redefine the recruitment experience. During these interviews that are set to commence in December this year, communication will occur through voice and proximity chat systems, as interviewees remain seated on the other side of the screen. According to an official statement released by the company, this innovative solution leverages open-source…

In a recent move to diversify the revenue stream, online food delivery platform has launched its new logistics service, ‘Xtreme’ that will allow merchants to send and receive parcels, and marks the firm’s debut in the segment. “Xtreme simplifies the entire delivery process, making it easy for merchants to send packages to their valued customers. Whether you’re a small shop or a large retailer, we’ve got you covered,” says a message on the app’s homepage. Google Playstore has also introduced the Xtreme by Zomato in their platform. Zomato already has more than 3 lakh delivery partners under Xtreme, as per…

The Reserve Bank of India (RBI) has imposed a significant penalty of ₹5.39 crore on Paytm Payments Bank, citing multiple instances of non-compliance with key RBI guidelines. This fine encompasses breaches related to Know Your Customer (KYC) regulations, cybersecurity provisions, and various other areas of regulatory compliance. The action comes as a result of the central bank’s rigorous analysis of deficiencies in Paytm Payments Bank’s adherence to RBI guidelines. Non-Compliance with RBI Guidelines Paytm Payments Bank faced penalties for its failure to adhere to various provisions within the ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016,’ ‘RBI Guidelines…

The Indian Space Research Organisation (ISRO) has encountered a formidable challenge in recruiting talent from the prestigious Indian Institutes of Technology (IITs), primarily due to disparities in pay structures. Dr. S Somanath, ISRO’s Chairman, lamented the reluctance of top engineering graduates to join the space agency in a recent interview, highlighting that the allure of higher salaries often steers them elsewhere. This article dissects the friction between passion and pay that has left ISRO grappling with recruitment woes. The Quest for IIT Talent Dr. Somanath expressed his concern over the underrepresentation of top IIT graduates within ISRO. The crux of…