Telangana announced India's first new mobility focussed cluster.
- The Telangana government launched India's first mobility-focused cluster, Telangana Mobility Valley (TMV) during the first edition of Mobility Next Hyderabad Summit 2023, Telangana.
- Aim: To attract investments of around Rs 50,000 crore and generate more than 4 lakh jobs in the next five years in the state.
- The TMV also aimed to facilitate the companies across all segments of sustainable mobility.
- It also promotes mobility startups in Telangana.
Centre sets up a panel to draft Digital Competition Act.
- The government has formed a 16-member committee to draft the Digital Competition Act within three months, after studying anti-competitive practices.
- The panel is chaired by Manoj Govil (secretary, Ministry of Corporate Affairs).
- The panel will study the existing provisions of the Competition Act 2002, and related regulations to deal with the challenges in the digital economy.
- CCI will provide secretarial and research assistance and logistic support to the panel.
PhonePe becomes first Indian fintech to allow UPI payments abroad.
- PhonePe has launched a service that will allow the fintech firm’s Indian users traveling abroad to pay foreign merchants using Unified Payments Interface (UPI).
- UPI international' support merchant outlets in UAE, Singapore, Mauritius, Nepal, and Bhutan that have a local QR (quick response) code.
- Users will be able to make direct payments in a foreign currency from their Indian bank.
- Walmart-backed PhonePe claimed it is the first Indian fintech app to launch the service.
Reliance Jio, GSMA will train rural women in digital skills.
- Reliance Jio and GSMA launched a digital skills programme initiative to train rural women in India.
- Aim: To provide need-based training to rural women and individuals from marginalized/low-income groups to help them make meaningful use of digital access.
- According to the GSMA's 'Mobile Gender Gap Report 2022', women in India are 41% less likely than men to use mobile internet
- While 330 million women in India still do not use mobile internet, compared to 248 million men.
DGGI, NFSU sign MoU for setting up digital forensic laboratories.
- The Directorate General of GST Intelligence (DGGI) signed an MoU with the National Forensic Sciences University (NFSU) to set up digital forensic laboratories, collaborate in research and training programs, and provide technical assistance.
- DGGI is an apex intelligence organization under the Central Board of Indirect Taxes and Customs (CBIC).
- DGGI collects and disseminates information and takes necessary steps to check evasion of GST.
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