Make India $1 tn digital economy in 4 yrs: Prasad to industry

Make India $1 tn digital economy in 4 yrs: Prasad to industry

In a bid to give a quantum boost to the Indian electronics and software manufacturing industry, the government is planning a new policy for electronics and software production, as well as for data protection and setting up start-up clusters.

"We will be shortly laying down the new electronics policy because between the old policy and now, India has changed completely". It may be recalled that the National Policy on Electronics was introduced by the earlier UPA government in 2013. "There is need to look at inward software market. And we are going to have a framework for Data Security and Data Protection Policy".

He further added that the government will explore the idea of setting up special innovative zones for startups.

Noting that India ranks third in the world in terms of the number of start-ups, the Minister said the country needed to have start-up clusters for facilitations.

IT secretary Aruna Sundararajan said: "This (the dispute resolution mechanism) is for IT companies, who supply goods and services to government but sometimes they're not able to get their monies back because sometimes there is some dispute which crops up".

Talking about the impact of protectionism in the U.S., he said there has been no change in USA policies yet.

Student released from North Korea has severe neurological injury
Residents of the Wyoming, Ohio, a suburb north of Cincinnati , hung ribbons on trees in honor of Warmbier's homecoming. Pyongyang has vowed to develop a nuclear-tipped intercontinental ballistic missile capable of hitting the US mainland.

Prasad said there was "unanimity" about the fact that $1 trillion is an understatement and the digital India offered big opportunities with areas such as ecommerce, artificial intelligence and internet of things.

The law minister referred to Article 48 of the Constitution, under the Directive Principles of State Policy, which says: "The State shall. take steps for preserving and improving the breeds, and prohibiting the slaughter, of cows and calves and other milch and draught cattle".

Companies can also make India a hub of low-priced technology for cyber security, he added.

The Minister cited the National Association of Software and Services Companies' (NASSCOM) recent report that said that in the last three years, nearly six lakh people have been employed in the IT sector, while in 2016-17, the number of people employed was around 1.7 lakh.

"Digital India is the technical empowerment of Indians and our vision is to create an Indian model of development that will bridge the divide between digital haves and have-nots", he added.

"Referring to the huge pendency of cases, the law minister said he will write to the chief justices of high courts across the country to expedite disposal of cases €" both civil and criminal €" pending for 10 years or more.

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