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PM Modi seeks timely digital connectivity across India

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Narendra Modi NOFN
by NewsGram Staff

Prime Minister Narender Modi directed the telecom ministry to ensure timely implementation of the broadband project, NOFN (National Optical Fibre Network). The progress of the Rs. 30,000 crore project is likely to be reviewed in first week of March 2015.

NOFN is part of the Digital India programme, a Government of India initiative aimed at integrating various government departments and the people of India. The project would reduce a lot of paperwork as citizens would be able to make requests for various services electronically. NOFN is the initial part of creating an ambitious digital infrastructure connecting rural areas with high speed Internet. Delivery of digital services as well as digital literacy are later part of the whole project. At a cost-expenditure of Rs. 1.13 crore, the project is expected to be completed by 2019. An Apex Committee headed by Cabinet Secretary Ajit Kumar Seth had recently took note of the progress of Digital India.

National Optical Fibre Network alone would be able to connect 2.5 lakh gram panchayats by December 2016. Modi insisted the officials to meet the deadline as he urged them to monitor the the progress closely. He also told the Department of Telecommunications to oversee any bottleneck and ensure that the project does not encounter any delay.

It is evident that India needs a robust digital network across the overlooked rural areas to facilitate smooth government processes and quick resolution of issues. The infrastructure could easily become a national platform for the rural sectors to voice their concerns in an effective way to the highest of authorities.

Telecom minister Ravi Shankar Prasad is already undertaking fortnightly meetings to ensure an un-delayed completion of the project.

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Digital Transactions in Delhi-NCR Grew by 235% Last Year: Razorpay

Online transactions in Delhi-NCR grew 235% in 2019

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Online Transactions
Online transactions in Delhi-NCR grew by 235 per cent in 2019 and it was the third most digitized region in 2019. Pixabay

Digital transactions in Delhi-NCR grew by 235 per cent from 2018 (January-December) to 2019 (January-December) and the region was the third most digitised state in 2019, thus, contributing 13.05 per cent in 2019 (up from 10.9 per cent in 2018), said a new report by full-stack financial services company Razorpay on Tuesday.

“The last year has been buzzing for the fintech sector in Delhi, with the adoption of new digital payment modes and bringing the digital currency to the mainstream. The last six months saw a tremendous shift in the consumption patterns of businesses and consumer preferences of digital payments in the region.

“With UPI growing by a whopping 442 per cent in Delhi, I am certain that this payment method will overtake cards by at least 20 per cent in the next 12 months,” Harshil Mathur, CEO and co-founder of Razorpay, said in a statement.

Online Transactions
Credit and Debit cards contributed 46 per cent in digital transactions. Pixabay

In 2019, Karnataka saw the highest adoption of digital payments (26.64 per cent) followed by Maharashtra (15.92 per cent) and Delhi NCR (13.01 per cent).

While the usage of cards (46 per cent) and netbanking (11 per cent) saw a decline in 2019, down from 56 per cent and 23 per cent for cards and netbanking, respectively in 2018, UPI (38 per cent) went up from 17 per cent in 2018.

Amazon Pay was the most preferred wallet among consumers (33 per cent), followed by Ola Money (17 per cent) in 2019.

Also Read- India Witnesses Fall in the Number of Cyber Threats in 2019: Kaspersky

The top three sectors in digital payment adoption for 2019 were food and beverage (26 per cent), financial services (12.5 per cent) and transportation (8 per cent).

Among UPI, Google Pay contributed 59 per cent, PhonePe contributed 26 per cent, followed by Paytm (7 per cent) and BHIM (6 per cent) in digital transactions in 2019. (IANS)