Finance Commission Meets Ministry Of Electronics And IT

- Advertisement -

It was stressed that large scale digital transformation is possible, however, India can and must prepare for it.

Representative image

The Fifteenth Finance Commission headed by Chairman N.K. Singh on Tuesday held a meeting with the Ministry of Electronics and Information Technology (MeitY) on “Harnessing India’s Digital Opportunity”. A detailed presentation on this was made by the Secretary, MeitY, Shri Ajay Prakash Sawhney.

The Ministry held in its presentation that the world economy was getting increasingly digital, and it detailed the disruptive potential of digital technology which is accelerating the transition. Elaborating on the digital profile of India, the Commission was briefed by the Ministry that India was standing on the verge of a trillion dollar digital opportunity. 

- Advertisement -

It was stressed that large scale digital transformation is possible, however, India can and must prepare for it.

Suggestions put forward
In its Memorandum to the Commission, MeitY has made some specific suggestions, such that the Digital India program requires unprecedented IT capability for states or union territories to achieve its objectives and transforms India into a digitally empowered society and knowledge economy. 

The continuation of the ICT infrastructure and capacity building schemes is vital for States/ UTs to build ICT capability towards the implementation of the ‘Digital India’ program. It has asked for the allocation of funds for these projects.

As the National e-Governance Plan (NeGP) is not a centrally sponsored scheme anymore, the Ministry has asked for separate funds for the NeGP Scheme.

It has proposed continuous union support for funding under CSS the implementation of the core ICT infrastructure such as State Data Centres (SDC), State Wide Area Network (SWAN), State Service Delivery Gateway (SSDG), e-districts etc.

The Ministry has also asked the Commission to consider the following criteria while the allocation of resources and proposing performance-based incentives to the states. The Commission assured MeitY that it would take into consideration all the issues raised by the Ministry in making its final recommendations.

- Advertisement -

Most Popular Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

Growth Opportunities Connected With The Growing Semicon EcoSystem In India

0
India must concentrate on electronics products and semiconductor components, as progress in one area reinforces the other. The country can unlock immense economic opportunities...

“Don’t Let Designations Become A Wild Goose Chase”

0
In his childhood, he possessed just one sweater, meant to last through many winters. He could not join IIT Roorkee because the cost of...

“Capitalise On ‘China Plus Two,’ Where Products With Higher Value Addition Become The Focus”

0
EPIC Foundation aims to transform India into an electronics hardware product nation by collaborating with governments, universities, design houses, and startups. In a conversation...

Buzz

Ultraviolette Aims For European And Middle Eastern Expansion

0
Niraj Rajmohan, Co-Founder and CTO of Ultraviolette stated that 2024 is set to mark the company’s foray into international markets while simultaneously strengthening its...

Chargeup’s Goal: 25,000 Drivers In 17 Cities By 2025, Prioritizing Smaller Cities

0
Chargeup, the forefront battery financing and comprehensive EV asset management platform in India, is on a mission to integrate 100,000 drivers within the upcoming...

Ampere Nexus, Electric Scooter Launching April 30th

0
Greaves Electric Mobility’s Nexus, having recently traversed the distance from Kashmir to Kanyakumari, is set to be the brand’s inaugural luxury electric scooter and...

Important Sectors

Exploring India’s Limited Selection: Just Six Robust Hybrids Priced Under ₹ 5 Million

0
As the United States passenger car market embraces hybrid vehicles, India’s car market is teeming with benefits and convenience for consumers. Yet, within the...

Top 10 Selling Electric Cars In The World

0
In the list of top 10 selling electric cars in the world, it seems to be a tight race between China’s BYD and the...

Ultraviolette Aims For European And Middle Eastern Expansion

0
Niraj Rajmohan, Co-Founder and CTO of Ultraviolette stated that 2024 is set to mark the company’s foray into international markets while simultaneously strengthening its...

Ampere Nexus, Electric Scooter Launching April 30th

0
Greaves Electric Mobility’s Nexus, having recently traversed the distance from Kashmir to Kanyakumari, is set to be the brand’s inaugural luxury electric scooter and...

Ford Investes In Expanding EV Software Capabilities At Chennai Hub

0
Ford Business Solutions India, presently with a staff of 12,000, is poised to expand by an additional 3,000 employees. Ford, recognized for its efforts...

Manufacturing

Honda plans major EV factory construction in Canada,

0
Honda's dedication to this facility reflects its wider ecological objectives, which include a target to only offer zero-emission vehicles by 2040 and to attain...
Sona Comstar

Sona Comstar Launches Mexico Plant For North American EV Demand

0
The new facility, established to address the increasing demand for premium driveline solutions for BEVs in North America, will focus on manufacturing differential assemblies...

Sterling Tools Inks MoU With Yongin For EV Components Facility

0
Sterling Tools announced that this strategic partnership is anticipated to bring in Rs 250 crore in business over the next five years. This collaboration...

Tata Elxsi-Renesas MCU Boosts EV Cost Efficiency And Market Speed

0
The Motor Control Unit's modular, scalable design facilitates integration across various EV applications, reducing time to market by 40%, lowering design and development costs...

Ramkrishna Forgings To Supply Powertrain Parts To Top US Electric Carmaker

0
Indian producer of rolled, forged, and machined products enter the US electric vehicle market for the first time. Ramkrishna Forgings, an Indian supplier of rolled,...