India risks losing out to China and Vietnam as it seeks to become a major smartphone export hub and must “act fast” to lure global companies with lower tariffs, the deputy IT minister said in government documents seen by Reuters. Smartphone manufacturing is a key plank of Prime Minister Narendra…
India has warned tech companies that it is prepared to impose bans if they fail to take active measures against deepfake videos, a senior government minister said, on the heels of warning by a well-known personality over a deepfake advertisement using his likeness to endorse a gaming app. The stern…
The government of India is committed to supporting startups that are working in the Web3-related fields, with blockchain being an important area of focus. The information was revealed by Rajeev Chandrasekhar, the Union Minister of State for electronics and technology. Chandrasekhar called Web3 the future of Internet as we know…
Rajeev Chandrasekhar has reacted strongly to Binance founder and former CEO Changpeng Zhao’s admission to having violated US’ anti-money laundering laws. Chandrasekhar, who is the Union Minister of State for electronics and technology, has warned crypto firms against misusing technology to flout laws and accomplish illegal activities. The warning comes…
Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar on Thursday said the Digital Personal Data Protection Act (DPDP Act) passed by Parliament recently will make digital companies handle the data of Indian citizens under absolute legal obligation. Calling the law an important milestone in the cyber law…
Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar on Thursday forecast that the digital economy will contribute more than 20 percent of the country’s GDP in 2026. Addressing the ‘G20 Digital Innovation Alliance Summit’ here, he said India is a preeminent nation that adopted technology very fast…
Authorities in India seem to be warming up to the crypto sector, as we get closer to December when India’s G20 Presidency will conclude, hopefully with a detailed set of regulations to govern the sector. Rajeev Chandrasekhar, the Union Minister of State for Electronics and Information Technology, has acknowledged that…
The government will ensure that consumers always have their platforms accountable to them in the digital space, and the rights of Indian consumers to have safe Internet will not be allowed to be compromised or diluted, Union Minister Rajeev Chandrasekhar said on Friday. The Minister of State for Electronics and…
Indian startups had deposits worth about $1 billion (roughly Rs. 8,250 crore) with embattled Silicon Valley Bank and the country’s deputy IT minister said he had suggested that local banks lend more to them going ahead. California banking regulators shut down Silicon Valley Bank (SVB) on March 10 after a…
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