Education on technology

Even as India has taken steps towards the launch of digital currency with components based on blockchain technology, the scenario with respect to cryptocurrency continues to be debated with the RBI pointing to the risks from private cryptocurrencies and no move yet for their regulation. The dramatic collapse of the trading platform FTX added to worries but there are people who feel that disruptions in crypto market do not take away the inherent value of the blockchain and that such products give end users control over their transactions. Blockchain technology enables the existence of cryptocurrency . Reserve Bank of India has been forthright about its views on cryptocurrency and its Governor Shaktikanta Das said last month that cryptocurrencies should be "prohibited" and that if they are allowed to grow "next financial crisis" will come from private cryptocurrencies. He said they have absolutely no underlying and it is a speculative activity. "I still hol...

India's digital prowess will grow in 2023 and over the next five years, driven by technology, start-ups, semiconductors, electronics and computing, Minister of State for Electronics and IT Rajeev Chandrasekhar has said allaying any concerns over tech winter, and predicting spring for the country's booming innovation ecosystem. The comments by the IT minister are significant given the backdrop of slowdown headwinds in the West, recent spate of layoffs by US tech giants, global market turmoil, and talks of tech winter. Chandrasekhar , who is the Minister of State for Electronics and IT, told PTI that global and domestic opportunities for digitisation continue to be "very strong". He exuded confidence that India's trillion dollar digital economy vision is "well within our grasp" and "an absolutely incontrovertible fact". The momentum of digital economy will continue in 2023, backed by enabling rules and laws that offer catalysing framework fo...