Search videos: #meity

  • Technology to solve humanity’s greatest challenges

    We can’t deny the fact that, technology is not a silver bullet. It cannot solve all of humanity's problems on its own. But it is a powerful tool that can be used to make a real difference in the world.

    New advances in technology are helping revolutionize the healthcare landscape. However, the rapid pace of innovation can be challenging for healthcare equipment makers who are trying to stay up on the latest trends and achieve differentiation.

    Today's Headline in NewsHours
    0:00 Intro
    1:11 MicronTechnology's $2.75 billion factory in Gujarat is officially opened now
    2:15 #iPhone15Pro Max charged up to Rs 20,000 extra
    2:42 #AI tool from Google DeepMind could identify genetic flaws
    3:15 #Samiran Gupta, X's Head of Policy for India and South Asia quits
    3:40 #Veeam ropes in Beni Sia as General Manager and Senior Vice President of Asia Pacific and Japan



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    Technology to solve humanity’s greatest challenges

    By VARINDIA | 9 views

  • Mounting security challenges in the cloud

    When your organization’s confidential data is accessed and used without your knowledge or consent, we call it a data breach. It is basically a theft, which mostly happens due to weak credentials or highly complex accessibility systems, which can give wrong permissions to the wrong people.

    Different types of information have different consequences when compromised. Identity thieves and phishers purchase sensitive data like social security numbers and medical records from criminals on the dark web.

    Today's Headline in NewsHours
    0:00 Intro
    2:457 #RBI announces new UPI features
    3:30 #YouTube banning clickable links in Shorts
    4:04 #Video calls coming to X very soon
    4:40 #Govt launches the Indian Web Browser Development Challenge
    5:18 #COWIN and Aadhaar to remain accountable under new Data Protection law


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    Mounting security challenges in the cloud

    By VARINDIA | 15 views

  • Data Protection Law Right

    While the version of the Digital Personal #DataProtectionBill that received the cabinet nod is not in the public domain, it is imperative to ensure that the law does not suffer from the pitfalls that the previous draft had.

    Digital Personal Data Protection (DPDP) Bill is set to be introduced during the upcoming Monsoon Session of parliament for consideration and passage.

    The draft of the Bill, circulated for consultation by the Ministry of Electronics and Information Technology (MeitY) in November 2022, was fraught with problems and was criticised both by transparency activists and those campaigning for the right to privacy.

    Today's Headline in NewsHours
    0:00 Intro
    3:02 25 startups being evaluated for semiconductor design subsidy scheme
    3:30 #Sony mulling to make audio devices in India
    3:58 #LinkedIn working on a new tool called AI ‘coach’
    4:25 #Netflix reworking its partnership with Microsoft
    4:58 Brands may lose verified status on X if failed to spend $1,000/month on ads


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    Data Protection Law Right

    By VARINDIA | 20 views

  • Regulate AI

    AI has an incredible potential to transform our lives for the better. But we need to make sure it is developed and used in a way that is safe and secure.

    The rapid advancement of #artificialintelligence technology has stoked both fear and existential dread among industry experts and politicians alike. Although AI has immense potential, industry insiders have repeatedly warned of the technology's dangers and called for governments to step in with regulations.

    Britain is going to host the world's first summit on artificial intelligence later this year, in a bid to broker a common approach by countries to limit the technology's potential doomsday risks while harnessing its potential.

    Today's Headline in NewsHours
    0:00 Intro
    3:02 #MeitY announces Product Design Center at C-DAC Kolkata
    3:30 #BlackBerry announces new world-class cybersecurity hub in India
    3:57 Mohandas Pai, and former SBI chairman appointed to Byju’s advisory council
    4:28 #Twitter to now offer Ad revenue share to select content creators
    4:55 #Microsoft releases new default font for Microsoft Outlook and Word- Aptos


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    Regulate AI

    By VARINDIA | 35 views

  • New Policy on On-line gaming to witness degrowth

    #Onlinegaming is now seen as a mainstream source of entertainment for people across the globe. The Indian gaming market is expected to grow from $2.8 billion in 2022 to $5 billion in 2025, growing at a CAGR of 28-30%. India’s online gaming industry is growing at $3 billion with more than 400 million users, at present.

    While the online gaming startup industry (not gambling or betting) was already paying 18% GST on the platform fee/commission, the GST Council has unfortunately chosen to apply 28% GST on the total amount. This can cause irreversible damage to the industry, loss of revenue to the exchequer, loss of employment for lakhs of skilled engineers in this sector. This decision will have a chilling effect on the $2.5 billion of FDI already invested and jeopardise potentially any further FDI in the sector.


    Today's Headline in NewsHours
    0:00 Intro
    2:53 28% GST levied on online gaming sparks outrage in the industry
    3:20 #TataGroup close to signing an agreement to acquire Apple Inc. supplier’s factory
    3:50 #Microsoft's $69-billion Activision deal gets US court approval
    4:23 #Wipro to invest $1 bn in AI over next three years
    4:55 #Intel exits PC business as it stops investment of its NUC unit



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    New Policy on On-line gaming to witness degrowth

    By VARINDIA | 36 views

  • Challenging time ahead for Web3

    Web3 lacks enterprise-level security solutions and there are new challenges of web3 that makes it prone to hacks. The Web2 that we have nowadays, is highly centralized in the hands of big corporations, but this is rapidly evolving to Web3. At the same time, the Metaverse is how the internet or virtual worlds will merge and integrate into our lives so that we will be able to interact with it seamlessly. The metaverse can be called Beyond Universe, a world which could have been called dystopia only till recently. This would bring into convergence most of the technologies, currently propelling our digital and business world. They would move to the next phase at scale, moving from 2D to 3D, persistence being the bedrock, interoperability being the norm, where ownership of various types inclusive of data becoming the predominant characteristics of the Metaverse age. Meta is defined as the world of avatars in the same setting that the normal world provides. Coming from the gaming tech thought process, we are barely at the cusp of the nascent Metaverse Age.

    Web 3.0 is a concept for the next generation of the internet. It is the evolution of how users are able to control and own their creations and online content, digital assets and online identities. As we find AI seeping in different parts of our lives, the term Web 3.0 has also found its space on the shelf, and Apple’s Siri, Amazon’s Alexa, Google’s Assistant with their voice recognition software is one of the perfect examples of it. These voice assistants are now integrated with smart everyday home devices, which are transforming the way humans interact with or use them. Web 3.0 is initiating a digital revolution that will make manual communication techniques a thing of the past and will introduce an ecosystem where no one organisation or platform will be able to control your actions on the internet, a much needed upgrade to the current scenario we are in. Whereas, Web 2.0 is what we are experiencing at the mom

    By VARINDIA | 52 views

  • Universal AI to overtake Generative AI.

    After all data is consolidated with the help of #GenerativeAI, the next technology that will be introduced is Universal AI. Universal AI is a type of artificial intelligence that is capable of learning and understanding any kind of information, regardless of its format or complexity. This means that Universal AI could be used to solve a wide range of problems, from understanding natural language to developing new medical treatments.

    Universal AI and Generative AI are both subsets of artificial intelligence. They are both designed to learn and create, but they do so in different ways.

    Today's Headline in NewsHours
    0:00 Intro
    3:12 #Apple’s Vision Pro may be the world’s first Brain Chip Interface
    3:45 #European Commission says Huawei, ZTE pose risk to EU security
    4:15 Twitter sued $250 mn over 'willful' copyright infringement
    4:48 Karnataka HC warns Facebook will be shut down if it does not cooperate in probe
    5:16 #MeitY and Google collaborate for "Stay Safe Online" campaign


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    #varindia #news #newshour #technews #ArtificialIntelligence #MachineLearning #DeepLearning #AI #UniversalAI #GenerativeAI #Technology #Innovation #Automation #Robotics #DataScience #DataAnalysis #NeuralNetworks #Intelligence #FutureTech #CognitiveComputing #SmartTechnology #EmergingTechnologies #IntelligentAutomation #NextGenAI

    Universal AI to overtake Generative AI.

    By VARINDIA | 128 views

  • Web3 & Metaverse

    Web3 and the Metaverse have the potential to create significant opportunities across various industries, including India. It's evident that these technologies can contribute to economic growth and innovation in the country. The Metaverse is poised to become a $13 trillion opportunity globally by 2030 and Indian Web3 and Metaverse market to reach $200 billion by 2035.

    Web3 and Metaverse are two emerging concepts that are rapidly changing the digital landscape. Web3 refers to the decentralized web, powered by blockchain technology, that allows for secure and transparent digital interactions. On the other hand, the Metaverse is a virtual reality space where users can interact with each other and digital assets.

    The report was built on an in-depth analysis of the Web3 and Metaverse possibilities for India with relevant use cases and delves into the potential impact in growth sectors. The report outlines the role of Web3 and Metaverse in building the next version of the Internet and leading the frontiers of the next wave of digital adoption for Indian industries.

    Today's Headline in NewsHours
    0:00 Intro
    2:55 #Apple denies working with US to spy on iPhone users in Russia
    3:32 More startups approach court as Google's 'notice' of June 8 deadline draws closer
    4:11 #Dangerous spyware found in over 100 apps on Google Play
    4:43 #MeitY transfers Li-ion battery recycling tech to 9 recycling companies & startups
    5:25 Nvidia launches Neuralangelo that can use 3D models from videos



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    By VARINDIA | 33 views

  • Security – a shared responsibility

    Security should no longer be the sole responsibility of Chief Information Officers (CIOs) and Chief Information Security Officers (CISOs). Cyber threats and attacks have become more sophisticated and frequent and security has become a critical concern for every organization.

    In today's rapidly evolving threat landscape, cyber threats are more sophisticated and widespread than ever before. As a result, it is essential that everyone in an organization be involved in security. This includes employees at all levels, from the CEO to the front-line staff.

    Today's Headline in NewsHours
    0:00 Intro
    3:10 #Meity launches pilot project on electronics repair services outsourcing
    3:35 Manoj Chugh joins the Board of Advisors of CloudVerse
    4:05 Govt makes it mandatory for OTT platforms to display tobacco warnings
    4:35 #Amazon to stop supporting celeb voices on Alexa
    5:00 #TCS rejigs its leadership, Gopinathan steps down and Krithivasan takes over as TCS CEO from today


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    #varindia #news #technews#newshour #security #cybersecurity #datasecurity #networksecurity #infosec #onlinesafety #dataresponsibility #cyberawareness #digitalidentity #privacy #securenetwork #ITsecurity #keepitsafe #onlinesecurity #responsibleuse #protectyourdata #endcybercrime #safeguarding #cybersafety #informationprotection

    Security – a shared responsibility

    By VARINDIA | 28 views

  • Privileged Credentials

    The #digitaltransformation of enterprise IT has dramatically increased the challenge of protecting business-critical applications. This transformation has introduced new challenges and complexities when it comes to ensuring the security of these applications. It is true that, the threat from bad actors with compromised privileged credentials is a real and growing threat.


    It is true that compromised privileged credentials are a major contributor to data breaches. Privileged credentials refer to accounts that have elevated permissions, such as those of system administrators or database administrators, which provide access to sensitive data and critical systems. When these accounts are compromised, attackers can gain unfettered access to an organization's network, applications, and data, potentially resulting in significant damage.


    Today's Headline in NewsHours
    0:00 Intro
    3:00 #Government to introduce Website to track Lost or Stolen Mobile Phones
    3:40 China's Oppo to stop chip design unit as smartphone sales sink
    4:15 #Google boosting its Dark Web Monitoring Tool for Gmail Users
    4:48 #MeitY to head proposed body to fact check govt news
    5:19 Karnataka DGP Praveen Sood chairs as the CBI director


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    #varindia #newshour #it #ml #PrivilegedAccessManagement #CyberSecurity#SecureCredentials
    #IdentityAndAccessManagement #PrivilegeEscalation #LeastPrivilegePrinciple #CredentialProtection #PasswordEncryption #MultiFactorAuthentication #Cy

    By VARINDIA | 17 views

  • Bitcoin ATMs: The Future of Accessing Cryptocurrency on the Go

    Even though the mass adoption of cryptocurrencies is gradually growing globally, the bear market and geopolitical tensions affected the crypto industry's growth and limited the number of Bitcoin ATMs installed worldwide.

    Although the crypto market is recovering from the brutal year 2022, #BitcoinATMs are losing popularity. For years, their number continuously grew, with thousands of new crypto ATMs installed each month. After reaching an all-time high of more than 39,100 in December 2022, the number of Bitcoin ATMs or crypto ATMs significantly dropped this year.

    A subject matter expert says Bitcoin ATMs are expensive — some machines charge high fees (up to 20%) for each transaction. They may not be in your area and machines tend to be concentrated in highest-population cities and locations.

    The April month has broken the three-month-long downward trend in this regard. According to the data shown at #CoinATMRadar, 39 new physical ATMs have been installed in different locations. Notably, General Bytes, Genesis Coin, and BitAccess are at the moment among the top crypto ATM manufacturing providers.

    Today's Headline in NewsHours
    0:00 Intro
    2:40 Finance Ministry along with MeitY, RBI to take control on Ponzi Apps
    3:10 #RBI permits AU Small Finance Bank to deal with foreign exchange
    3:40 Log9 Materials brings in India’s first commercial Li-ion cell manufacturing line
    4:10 11 accused are convicted by Pune court in Cosmos Bank cyber fraud case
    4:40 #ICICI Bank’s Executive Director denies of data leak

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    By VARINDIA | 25 views

  • Unified AI- and ML-powered observability solution

    We can’t deny the fact that, Large enterprises are increasingly focused on providing a superior digital experience to customers. With the proliferation of digital channels such as websites, mobile apps, social media, and messaging platforms, customers have come to expect seamless and personalized interactions across all touchpoints.

    At the same time, Small and medium-sized enterprises can struggle with adopting a clear strategy for implementing AI-Ops. AI-Ops is a complex and rapidly-evolving field that requires specialized knowledge and expertise to implement effectively. SMEs may not have the resources or expertise in-house to develop and execute an AI-Ops strategy.

    Large enterprises will continue to prioritize their move to the cloud in 2023. The cloud has become a critical component of modern IT infrastructure, providing numerous benefits such as scalability, flexibility, cost efficiency, and improved agility.

    Today's Headline in NewsHours
    0:00 Intro
    3:20 India in talks with Thailand to link UPI with Prompt Pay Service
    3:48 #NATO launches world's largest cyber defense exercise in Estonia
    4:23 Karnataka HC rejects Xiaomi's plea challenging ₹5,551-cr asset freeze
    4:57 Centre proposes allowing non-govt entities to use Aadhaar authentication
    5:26 Man who 'invented' hashtags is leaving Twitte

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    #UnifiedAIandML
    #ObservabilitySimplified
    #SmartObservability
    #IntelligentMonitoring
    #AIpoweredObservability
    #ContinuousIntelligence
    #DataDrivenObservability
    #RealtimeI

    By VARINDIA | 36 views

  • AI to cost two-thirds of jobs

    AI can not only boost our analytic and decision-making abilities but also heighten creativity. Whereas experts say, it is the destruction of human intelligence. The tech community has long debated the threats posed by artificial intelligence. Automation of jobs, the spread of fake news and a dangerous arms race of AI-powered weaponry have been mentioned as some of the biggest dangers posed by AI.



    The rapid development of #artificialintelligence has the potential to significantly disrupt labour markets worldwide. The concern is on the potential of AI to automate many jobs that currently require human intelligence, potentially leading to widespread unemployment and societal disruption.


    Whereas the technology makers are positioning their innovation and stating that, AI can potentially enhance and augment human intelligence by providing us with new tools and methods for solving complex problems, analyzing data, and making decisions. Approximately two-thirds of current jobs in the US and the European Union are exposed to some degree of AI automation, as per the report of Goldman Sachs.

    Today's Headline in NewsHours
    0:00 Intro
    2:25 #MeitY Forms Task Force To transform India become “Product Developer & Manufacturing Nation”
    2:57 Adani acquires 49 per cent in Quintillion Business Media for Rs 48 crore
    3:25 Apple acquires a startup that uses AI to compress videos
    3:55 #Alphabet seeks dismissal of antitrust lawsuit over Google's online ads
    4:23 #Telecom operators advised to take steps to minimise 5G interference


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    By VARINDIA | 47 views

  • Will Indian Economy face a jolt??

    The entire world got a jolt with the collapse of one bank in the US which then spread to a few other banks. Now some of the European banks have also joined and as they say, there is never one cockroach in the kitchen so we do not know yet. Post this issue the regulators have come out very strongly saying that things are under control. But I would not like to believe so till we tied over the entire crisis.


    There is looming crisis with India's forex reserve falling to a three-month low. Experts predict that the country to face economic crisis is inevitable. With some sectors such as agriculture, manufacturing, and services showing growth. At the sametime, the pace of recovery has been slower than expected, and some sectors such as hospitality, tourism, and aviation continue to face challenges due to ongoing restrictions and reduced demand.


    At the same time, #Indianeconomy will grow in the range of 6.8% - 7% in the coming year while world GDP growth estimates are pegged at a tepid range of 2.5% - 3%. According to CEBR, a global recession has already started in 2023.

    Today's Headline in NewsHours
    0:00 Intro
    3:05 #PMModi launches 6G test bed. Roll out in next few years
    3:45 Govt proposes to sell up to 3.5% stake in HAL
    4:30 #CCI to set up in-house digital market data unit
    5:06 UK considering probe into Broadcom-VMware merger
    5:40 Government plans to make ecommerce platforms liable for sellers’ fraud


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    Will Indian Economy face a jolt??

    By VARINDIA | 52 views

  • Generative AI

    Generative #artificialintelligence describes algorithms (such as ChatGPT) that can be used to create new content, including audio, images, text, videos, code or synthetic data.


    #Machinelearning is a type of artificial intelligence. Through machine learning, practitioners develop artificial intelligence through models that can “learn” from data patterns without human direction. Whereas, the Generative AI integrated with the right customer processes will improve customer experience.


    The most important thing is, making AI stronger is Data science, that is going to propel businesses into the future. Data insights help businesses learn more about customers and their behaviour. Through employing IoT devices, gathering granular process data, providing predictive analytics, and more, data science offers organizations a unique perspective – enabling them to construct accurate trend-models and use them as the foundation for building disruptive software.


    While the term generative AI is often associated with #ChatGPT and deep fakes, the technology was initially used to automate the repetitive processes used in digital image correction and digital audio correction. Generative AI can produce fast, personalized customer communications based on historical data and customer interactions.


    Once a generative AI algorithm has been trained, it can produce new outputs that are similar to the data it was trained on. Because generative AI requires more processing power than discriminative AI, it can be more expensive to implement.


    Generative AI can do more than generate images and text. With the help of a quantum boost, it can generate novel solutions to complex business problems. Quantum computing is 1,000 times faster than what we’re used to right now. What this means is that with the speed of quantum computing, what currently requires a day can be completed in mere seconds! Moreover, quantum computing removes depe

    By VARINDIA | 28 views

  • Adoption of Metaverse increases

    The metaverse is a fast-growing trend with a considerate penetration rate of users for various applications such as gaming, content creation, social interaction, learning & training, and online virtual shopping.

    Major factors expected to drive the revenue growth include a growing focus on integrating digital and physical worlds using the Internet, increasing momentum and popularity of Mixed Reality, Augmented Reality, and Virtual Reality.

    Today, several e-commerce players are adopting digital world services to showcase the products in the virtual world to gain real-world experience. There are leading players in the metaverse industry who are investing heavily into these areas. Going forward, 5G will effectively support the Metaverse and make it possible for digital words to function.

    The growth is complementing the surge in online video gaming adoption and rising consumers preference for online shopping of retail products. A report says, the global gaming audience for e-sports is projected to reach 646 million by 2023. Such an increase in the gaming audiences has created a massive demand for the services market.

    American multinational investment bank Goldman Sachs, calls metaverse a $8 trillion global opportunity by 2025 with India's own Metaverse-non-fungible technology economy—already worth an estimated $50-100 million annually— and is expected to touch $100 billion by 2025.

    The report said that globally brands are already spending 2-5% of their digital budgets on NFTs (the most successful element of metaverse till date), and that could touch 30-40% in the next five years.

    Notably, companies, especially those in non-tech sectors, are now increasingly investing in the technology for better engagement with customers, brand awareness expansion, and identification of new revenue streams.

    Today's Headline in NewsHours
    0:00 Intro

    2:17 After Outlook faces outage, Microsoft finds ba

    By VARINDIA | 19 views

  • Investments into new-age digital technology

    India has been leading the world in building its own technology industry as well as talent base. We are relentlessly marching towards being the de facto top choice for setting up scale technology and capability centres. The Indian tech industry today stands on the cusp of the next leg of explosive growth and transformation from being a #globalITservice and outsourcing leader to becoming an IP-led software products and platforms powerhouse.

    Despite recent global headwinds, we have seen consistent growth in the technology sector. With the rapid technology adoption across sectors, we are well poised to become a $5 trillion economy soon.

    The best companies are leveraging technology to scale and grow. The budget must focus on investing in Tech R&D, product innovation, and technology solutions and services and ensuring #5Gservices all over the country.

    With cloud and data technologies becoming the de-facto standard for businesses to operate, Gartner estimates that public cloud spending in India will grow 27% Year-on-Year in 2023. Amidst this, there is a need for the government to focus on incentivising the use of cloud services and deep tech like AI, blockchain etc., across industries.

    In 2023 and beyond, upskilling of talent in an environment driven by technology will be mission critical. The government has made great strides towards this, through the Skill India program.

    All the forecasted growth can be watershed as the #Cyberattacks are increasing in terms of scale and complexity, making it one of the biggest threats enterprises face today. Amidst this, there is an urgent need to build a talent pool that is equipped to handle new-age sophisticated attacks.

    Today's Headline in NewsHours
    0:00 Intro
    2:05 India expected to cross $26 trillion economy by 2047
    2:33 Govt considers to ban ‘fake’ news identified on social media
    3:11 #Researchers discover vulnerability in Microsoft Azure services
    3

    By VARINDIA | 42 views

  • Esports

    The official recognition of Esports would give the Indian e-sports industry a huge boost. Online gaming is also officially recognized and it falls under the Ministry of Electronics and Information Technology. The Animation, Visual Effects, Gaming and Comics (AVGC) Promotion Task Force, which was established earlier this year after the Union Budget of 2022-23, has also submitted a report outlining the opportunities, challenges and recommended actions that the Government of India can take to promote and nurture the industry.

    It is time for India to excel in the world of e-sports with our amazing players. The e-sports fan will be inspired by this to pursue the game professionally. Players will be able to seek out tutoring and instruction to advance their game thanks to the official recognition.

    The more fundamental difference that needs to be brought in, still, is that between gaming and gambling - gaming as we and the world know it today will always have ties with eSports, being the top-tier competitive level as with any other sport.

    What we can expect through regulation (hopefully) should be clarity on what the scope of 'online gaming' is exactly that the MEITY plans to regulate, as well as how it will coexist with State laws - it's entirely possible that this development could further complicate an already ambiguous Legal space.

    It is important to note that esports that fall under multi-sports events are recognized under the Ministry of Youth Affairs and Sports but standalone events might not be included. It is currently unknown if esports tournaments hosted by independent tournament organizers will fall under the same regulation. Undoubtedly a great start to 2023, and hope to see esports level up even further in the years to come!”

    Today's Headline in NewsHours
    0:00 Intro
    2:31 Digital platforms have delivered social inclusion in the country, says Ashwini Vaishnaw
    2:56 #TataGroup integrat

    By VARINDIA | 30 views

  • Challenges into Business intelligence

    Business Intelligence software helps companies by shepherding the right data into analytical reports and visualizations so that users can make informed decisions. But without the right approach to implementing these tools, organizations still face issues to maximize value and achieve business goals.

    Digital transformation offers a solid platform of applications that make it possible to collect information on customers. The most successful organizations support their decision making with BI systems at every level, from strategies to daily operations, generating competitive advantages based on the use of valuable data.

    Technology connects not only customers, but also all the machines that produce goods within a plant. Large amounts of production process data are collected through sensors, in such a way that intelligence systems can detect areas of improvement in real time and generate optimized production schedules.

    The actual data collected and stored by Business Intelligence systems requires tangible cybersecurity to support business intelligence operations. In this way, business intelligence operations become more economically viable, respected, and better equipped to protect the valuable yet compassionate data generated by IoT and IIoT technology.

    As technology advances and our use of it evolves, so does cybercrime and the way criminals capitalise on vulnerable security systems for their gain and cyber-attacks will only become more frequent. The reality is that the best way for businesses to protect themselves against cybercrime is to invest in cyber security.

    An expert said, If cybercrime was measured as a country, it would be the world's third-largest economy after the US and China, according to new research from the Cybersecurity Almanac 2022. As per the survey by KPMG among 500 CEOs, 18% said that cybersecurity risk would be the biggest threat to their organization's growth through 2024 -- up from 10% last

    By VARINDIA | 36 views

  • XR Startup Program

    The program by MeitY and #Meta will support 40 early-stage start-ups working in XR technologies with a grant of Rs 20 lakhs each. Further, the Grand Challenge will encourage early-stage innovators in sectors like education, learning and skills, healthcare, gaming and entertainment, agri-tech and climate action, and tourism and sustainability.

    The Minister of State for Electronics and IT and Skill Development and Entrepreneurship, Rajeev Chandrasekhar said, “It is an important day in terms of achieving Prime Minister Modi’s vision of making the next 10 years as India’s Techade – full of opportunities for young Indians. It is also an important milestone in the area of #Metaverse which is an important part of the emerging future of the internet.”

    The innovators will be provided support to upscale from the R&D phase to developing workable products and services. At first, 80 innovators will be shortlisted to attend a bootcamp, out of which, a total of 16 innovators will be provided grants of Rs 20 lakhs each and further support to help them develop Minimum Viable Product (MVP)/ prototypes.

    Emphasizing on the potential of Indian #Startups from tier 2/3 cities and how the government is committed in encouraging them, the Minister further added, “Young Indian Startups, especially from tier 2/3 cities, will play a significant role in emerging tech areas like Web 3.0, blockchain, AI, and metaverse, and will shape the future of technology and the internet for India and the world.”

    Joel Kaplan, VP- Global Policy, Meta, also said, “India will play a pivotal role in defining future technologies. Decisions and investments made here in India now shape global discussions on how technology can deliver more economic opportunity and better outcomes for people. It is critical that we help to create an ecosystem that will enable India’s tech startups and innovators to build the foundations of the metaverse.”

    He noted the significant strides

    By VARINDIA | 16 views

  • Central bank wants to ban cryptocurrencies

    In India, it is estimated that nearly 15 million investors invest in #cryptocurrencies. India has a large crypto user base, a ban can also lead to users resorting to illegitimate means and black-marketing. The Indian crypto market has been growing at a healthy rate in the past few years and is estimated to reach $241 million by 2030.

    Now the Federal Government is also coming out in support of banning digital currencies though it does believe that such a move would be effective only if there is a global consensus around it. The FBI noted that 244 people had already fallen victim to these fake apps.

    Finance Minister #NirmalaSitharaman told the Parliament that the #RBI has expressed serious concern over the destabilizing effects of crypto currencies on monetary and fiscal stability of the country and suggested framing legislation to govern the sector. This leaves a bigger question mark on the virtual digital asset in a country that boasts the second largest internet market.

    "Cryptocurrencies are by definition borderless and require international collaboration to prevent regulatory arbitrage. Therefore, any legislation for regulation or for banning can be effective only after significant international collaboration on evaluation of the risks and benefits and evolution of common taxonomy and standards," she said. Experts, policy makers and recently Internet and Mobile Association of India, has turned its back on advocating for crypto last week, citing regulatory uncertainty.

    Going forward, even if the government wishes to ban cryptos, enforcement will be difficult given the way #blockchain technology works. To enforce a ban, authorities would have to develop a surveillance system that can locate a password or seed phrase. This may potentially end up creating a parallel economy.

    Today's Headline in NewsHours
    0:00 Intro
    2:48 #Hacking group attacking Linux and cloud apps to grow cloud botnet
    3:24 PhoneP

    By VARINDIA | 24 views

  • Digital payments in India is projected to reach $10 trillion by 2026

    A report from Boston Consulting Group (BCG) and PhonePe says that Indian digital payments and its extensive Pulse database is going to look at top digital payments trends in India. India's digital payments landscape has witnessed a phenomenal growth over the past five years. As a result of this unprecedented growth, digital payments (non-cash) will constitute 2 out of 3 payment transactions by 2026. The report also talks about how the digital payments ecosystem has been positively disrupted by the entry of multiple new players with diverse offerings driving digital payments adoption at scale. Leading global and Indian fintech players have been key drivers of UPI adoption in India among end users, aided by buildout of a large QR-code based merchant acceptance network, and further supported by user-friendly interfaces, innovative offerings and an open API ecosystem. The report goes on to list the levers for further growth of digital payments in India which include - simplified customer onboarding, continued push for consumer awareness, expanding merchant acceptance, merchants getting greater access to credit, infrastructure upgrades and the setting up of a financial services marketplace driving growth in underpenetrated regions. It also talks about how IoT, 5G & CBDC will provide further impetus to growth.

    The report is an in-depth commentary on the growth of digital payments in India and looks at factors and enablers that will help unlock the massive growth potential going forward. India's largest Fintech platform has seen the growth of UPI over the last few years. UPI has supercharged India's transition to non-cash payments when it comes to both person-to-person (P2P) and person-to-merchant (P2M) transactions. Not surprisingly, UPI saw about a 9x transaction volume increase in the past 3 years, increasing from 5 billion transactions in FY19 to about 46 billion transactions in FY22: accounting for more than 60% non-cash transaction volumes

    By VARINDIA | 33 views

  • World lost 11.2 crore jobs in the first quarter of 2022 says ILO

    The COVID-19 crisis had already complicated global efforts to reduce famine and food insecurity leading many governments around the world operating in a context of radical uncertainty and the recent challenge has further intensified with the conflict in Ukraine. It has led to Increasing prices of fertilizers and inaccessibility of Ukrainian exports that have made a delicate situation potentially dire, as 800 million people now go hungry each night. The "world of work" is being buffeted by multiple crises, says the ninth edition of the International Labour Organisation Monitor. About 11.2 crore jobs might have been lost between this period, according to the report. Several global crises are hampering labour market recovery, especially in developing countries. Driven by disruptions triggered by the conflict in Ukraine, the increase in food and energy prices is hurting poor households and small businesses, especially those operating in the informal economy, as per a new report from the International Labour Organization. Elevated inflation, disruptions to global supply chains, heightened financial stress, and monetary policy tightening are likely to further deteriorate labour markets around the world.

    There is sky-high inflation especially in food and energy prices, disruptions to global supply chains, heightened financial stress, and monetary policy tightening are likely to further deteriorate labour markets around the world. Further, the recent containment measures implemented in China account for 86 per cent of the global decline in hours worked in the first quarter of 2022. Globally, the level of hours worked is expected to drop further in the second quarter of 2022, an evolution that is mainly driven by China’s continued lockdown measures, and will be exacerbated by developments related to the war in Ukraine. The “great divergence” between richer and poorer economies continues to characterize the labour market recovery in 2022. In contrast, the g

    By VARINDIA | 37 views

  • Living in the fake world of Likes, turning out to be a Trillion-dollar business

    There are billions of human beings using social media, there are also millions of robots, or bots, residing within. Bots help to propagate fake news and inflate the apparent popularity of fake news on social media. Social media platforms (Facebook, Twitter, Instagram, etc.) have become home to millions of social bots that spread fake news. There have been several reports on creating fake profiles in social media. There have been several police complaints on fake profiles. People with a massive following on social media nowadays get demigod status, and this has also become the latest tool to measure their importance, their popularity, and their influence. The truth behind this virtual reality may disappoint you, as the majority of followers of these stars and celebrities are fake and they are facilitated through certain companies. Under this social media scam, influential people buy a large number of fake followers to flaunt their popularity and star status. This is a business model to facilitate followers after charging money to promote a product or to speak in favour of any person. There were cases reported , the Mumbai Police has found over 200 high-profile people, including some Bollywood celebrities, sportspersons, and social media influencers, who allegedly paid money to get fake or ghost followers. The investigation has also revealed that these companies tamper with servers related to social media platforms to facilitate a surge in the number of likes, comments, and followers.

    Artificial intelligence allows bots to simulate internet users’ behavior (e.g., posting patterns) which helps in the propagation of fake news. For instance, on Twitter, bots are capable of a number of social interactions that make them appear to be regular people. They respond to postings or questions from others based on scripts that they were programmed to use. They look for influential Twitter users (Twitter users who have lots of followers), and contact them by sending them

    By VARINDIA | 79 views

  • Israel used cyberweapon on Its own Citizens

    Pegasus, which can turn a mobile phone into a pocket spying device, has sparked global controversy following revelations last year that it was used to spy on journalists and dissidents worldwide. Israel’s defence ministry, which must approve all exports of Israeli-made defence industry products, has also opened an investigation into sales of Pegasus overseas. Some said that NSO’s products seemed to solve one of the biggest problems facing law-enforcement and intelligence agencies in the 21st century: that criminals and terrorists had better technology for encrypting their communications than investigators had to decrypt them. The criminal world had gone dark even as it was increasingly going global. Apple has sued NSO, seeking to bar the spyware firm from using its products and services, and said it would start notifying users targeted by state-sponsored hacking. NSO Group is the world’s most notorious maker of spyware and the F.B.I. had bought a version of Pegasus, NSO’s premier spying tool. For nearly a decade, the Israeli firm had been selling its surveillance software on a subscription basis to law-enforcement and intelligence agencies around the world, promising that it could do what no one else, not a private company, not even a state intelligence service could do: consistently and reliably crack the encrypted communications of any iPhone or Android smartphone.

    There were certain cases, where the courts are struggling to deal with claims by security and intelligence services that an urgent warrant is needed to approve the use of surveillance systems to protect state security and prevent terrorism. According to the business daily Calcalist, Pegasus was also used by police on citizens at the forefront of protests against Mr. Netanyahu last year, when he was still Prime Minister, as well as other Israelis. Israeli police have firmly denied the report. Public Security Minister Omar Barlev, a Netanyahu critic who took office as part of a new government tha

    By VARINDIA | 13 views

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