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Telangana to introduce new policies during Microsoft CEO’s visit


Hyderabad: Aiming to make Hyderabad the country’s top information technology destination, the Telangana government will launch four new policies for IT, innovation, gaming and animation and hardware on December 28 during Microsoft CEO Satya Nadella’s visit.

Telangana Information Technology Minister K. Tarakarama Rao told reporters on Saturday that they plan to hold a big event during Nadella’s visit to T-Hub, billed as India’s largest technology incubator.

The government has requested Nadella to unveil policies for IT, innovation/startups, Innovation in Multimedia, Animation, Gaming and Entertainment (IMAGE) and Electronic System Design Manufacturing (ESDM).

The minister announced this while inaugurating incubator for IMAGE, developed by Software Technology Parks of India (STPI) in collaboration with the state government.

Referring to the floods in Chennai which hit the IT sector, the minister said Hyderabad has the unique opportunity as no other city is as safe as Hyderabad.

“No other city is shielded from natural calamities like cyclones, typhoons and earthquakes. We have to seize this opportunity and work for it,” he said.

KTR, as the minister is popularly known, said with the initiatives taken by the government during last 16 to 18 months, Hyderabad had re-asserted itself as one of the premier destinations of IT in the country.

“But we are not completely content with this. We have bigger plans. Multiple initiatives have been taken and with the kind of planning and policy support, we hope that Hyderabad will be the top destination in the country in a couple of years,” said KTR, who is the son of Telangana Chief Minister K. Chandrasekhar Rao.


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Swiggy to use digital payments for delivery fleet

Founded in 2014, Swiggy aims to "change the way India eats" and is currently operational in cities like New Delhi, Gurugram, Mumbai, Pune, Kolkata, Bengaluru, Hyderabad and Chennai among a few others

Another step towards digitizing India
Encouraging Digital Transactions by exempting service tax on Cards (Wikimedia commons)
  • Swiggy is an online food ordering platform
  • It will now allow digital payments for delivery feet
  • this method will prevent any leakage in cash payment process

Online food ordering and delivery platform Swiggy on Monday said it would use privately-run ICICI Bank to allow its delivery fleet to make digital payments.

“Through the use of Unified Payment Interface (UPI)-based solution for instant fund transfers and automated cash deposit machines at ICICI Bank branches and ATMs across the country, the delivery fleet will have a hassle-free way of transferring funds,” the company said in a statement. Swiggy operates with a fleet of over 20,000 delivery persons delivering food from over 25,000 restaurants across 12 cities.

These digital payments will prevent leakage in cash payments. Wikimedia Commons

With cash-on-delivery being a widely used method of payment on the platform, the digital payment methods allow the delivery men to quickly transfer the funds to Swiggy, saving their time, according to the statement.

“With the delivery fleet being the backbone of Swiggy, the adoption of the digital payment solutions will support the ease of operations and save their time and thousands of kilometres of travel,” said the company’s Chief Financial Officer (CFO) Rahul Bothra in the statement. The digital payment methods will also help in preventing any cash leakages, the company said.

Also Read: Rise Of Digital Media Unstoppable: Experts 

Founded in 2014, Swiggy aims to “change the way India eats” and is currently operational in cities like New Delhi, Gurugram, Mumbai, Pune, Kolkata, Bengaluru, Hyderabad and Chennai among a few others. IANS

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