Digital India Current Affairs - 2020
The Reserve Bank of India announced that it will create a Digital Payment Index by July 2020. The main aim of the index creation is to capture the extent of digitization of monetary payments in the country
With the launch of Digital India and the GoI’s push towards Digital Economy, the digital payments in the country has been growing fast. In order to monitor the digital payments, the Central Bank is to release Digital Payment Index. The index will reflect the penetration of digital payments in the country.
RBI has planned to introduce classification in the index. The classification will include rural, urban and semi-urban geographies.
The Index will help to study the impact of policy interventions that are being taken by the GoI.
Factors influencing digital growth in India
The five factors that are influencing digital growth in India includes low data tariffs, rise in videos, widespread use of OTT (Over-the-top) platforms. Today India ranks the highest in video making platform.
Tags: Data science • Digital Economy • Digital India • e-governance • RBI
On December 25, 2019, Union Minister of Communication and IT Shri Ravi Shankar Prasad inaugurated “Digital Village Guruwara”. During the launch, it was announced that the Government has planned to offer free Wi-Fi services to all villages till March 2020.
The Government of India has so far connected 1,30,000-gram panchayats through Bharatnet. More than 50,000 Gram Panchayat are yet to be connected. The government is working under the current target that at least 15% of villages are to be digitalized in next four years. The free Wi-Fi services are being announced under Bharatnet project.
The GoI in June 2018 announced that all gram panchayats will receive broadband connectivity by 2020. However, the connectivity has been made free now.
The initiative was launched in 2011. Under the initiative, 100 Mbps speed internet were to be provided to around 2.5 lakh Gram Panchayats. The aim is to increase their speed to around 2 to 20 Mbps in the future to all households in rural areas.
The project is a National Optical Fibre Network project. It is seen as a major initiative in order to succeed Digital India. It is being implemented by the Ministry of Telecommunications.