“Technology can either save or doom capitalism”

News-Tech firms have a key role in preserving open and democratic society. Most often technology is perceived to be an enabler for democracy.  Do Democracy and capitalism work on similar philosophical foundations?  Although both democracy and capitalism uphold liberty as a core value, they also sometimes show inconsistencies. While capitalism leads to an asymmetric distribution of private property ownership, democracy… Continue reading “Technology can either save or doom capitalism”

On Cryptocurrency regulation – Arguments against regulating Cryptocurrencies are very weak

News: Despite all the arguments being put forward for non-regulation of Cryptocurrency, government should push forward and regulate it. Why Cryptocurrencies need to be regulated? – Self-regulation is not the solution: Once one exchange puts out a misleading advertisement, making false claims of higher returns,  rival exchanges are left with no choice but to match… Continue reading On Cryptocurrency regulation – Arguments against regulating Cryptocurrencies are very weak

Rumblings of the coming central bank digital currency

News: A senior RBI official has said that the pilot launch of a new central bank currency could happen as early as the first quarter of next financial year. A lot of the ongoing debate on an Indian CBDC is focused on what RBI should do, and far less attention is paid to the equally… Continue reading Rumblings of the coming central bank digital currency

Cybercrime went up by 500% during pandemic: Chief of Defence Staff

What is the News? The Chief of Defence Staff has delivered an inaugural address of the 14th edition of c0c0n, the annual cyber security and hacking conference. What are the key highlights of his address? Increased cybercrime Incidents: Cybercrimes have gone up by almost 500% in India during the Covid-19 pandemic. Dependence on Technology: During… Continue reading Cybercrime went up by 500% during pandemic: Chief of Defence Staff

Shipping Minister launches ‘MyPortApp’ for digital monitoring of port operations

What is the news?  Union Minister for Ports, Shipping and Waterways launched a port mobile application called “MyPortApp” in Kolkata today.  Also, inauguration of a 1 Mega Watt solar plant in Haldia port to produce renewable energy for port operations.  What are some key features of the “MyPortApp”? The App includes all port details digitally and monitor operations virtually, is aimed to promote… Continue reading Shipping Minister launches ‘MyPortApp’ for digital monitoring of port operations

Shri Bhupender Yadav launches DigiSaksham- a joint initiative of Labour Ministry with Microsoft India to enhance the employability of youth

What is the news? The minister for Labour and Employment has launched a digital skills programme (DigiSaksham) to enhance the employability of youth by imparting digital skills that are required in an increasingly technology-driven era. About the DigiSaksham programme Nearly one crore active job seekers will be able to access training at free of cost… Continue reading Shri Bhupender Yadav launches DigiSaksham- a joint initiative of Labour Ministry with Microsoft India to enhance the employability of youth

The war for digital talent: India can emerge as a global hub for it

Synopsis: Tech skills are in short supply globally. The article lists five measures that we should take that will help India lead efforts to close the gap. Introduction The pandemic has accelerated the digital transformation of enterprises, creating enormous opportunities for all organizations. This sudden acceleration in demand has led to a war for digital… Continue reading The war for digital talent: India can emerge as a global hub for it

Bureaucracy’s digital challenge

Synopsis: If civil servants don’t use social media appropriately, their role as independent advisers stands threatened. Introduction The article highlights the good use of social media in bureaucracy to make it more effective and public-friendly. Why using social media by civil servants is considered wrong? Indian Bureaucracy is characterized by hierarchy, formal relationships and standard… Continue reading Bureaucracy’s digital challenge

PM highlights importance of fintech, warns against covid

What is the News? The Prime Minister has addressed the 81st edition of his monthly radio programme Mann ki Baat. What are the issues he has talked about? On Digital Inclusion Initiatives Around 355 crore Unified Payments Interface (UPI) transactions took place in August 2021. On average, digital payments of more than ₹2 trillion are… Continue reading PM highlights importance of fintech, warns against covid

SC introduces FASTER system to send records

What is the News? The Supreme Court has approved the use of an electronic system named FASTER (Fast and Secured Transmission of Electronic Records) for the transmission of e-authenticated copies of orders. What is a FASTER System? FASTER is a system by which crucial decisions including orders on bail and stay of arrest can be… Continue reading SC introduces FASTER system to send records