Steps taken by the Ministry of electronics and information technology (MeitY) to support the growth of the sector.
Information Technology Investment Regions (ITIRs) have been set up by the Ministry of electronics and information technology. The Government has taken steps over the years to reduce the overall level of taxes on electronic hardware.
- What are the steps taken by the Ministry of electronics and information technology (MeitY) to support the growth of the sector?
The measures taken are as follows: a) finance for infrastructure: Information Technology Investment Regions (ITIRs) have been set up by the Ministry of electronics and information technology. Provided with excellent infrastructure, certain regions are funded. (b) Research & Development promotion: under the Income Tax Act, 150% of the expenditure incurred on in-house R&D is also available. In addition to the current funding system for Research & Development programs, the Ministry of electronics and information technology has adopted two main schemes: I Support for International Patent Rights in the area of patent protection. SIP-EIT (Electronics & IT) (ii) System of Multiplier Grants (MGS) (c) Tax incentives: The Government has taken steps over the years to reduce the overall level of taxes on electronic hardware.
- What is the overview of the IT-BPM sector in India and the performance of this sector in recent times?
The IT-BPM industry in India accounts for 56 percent of the size of the global outsourcing market. In recent years, the sector has undergone a number of acquisitions. 67 proposals worth $2.5 bn were approved by the Ministry of electronics and information technology (MEITY); 16 investment funds were set up and $1.8 bn in equity inflows in the computer software and hardware market. Details of reforms, information on sub-sectors, and government goals and programs can be found in the link in the Achievement Study.
- Which IT Enabled Services are considered to be part of BPO operations?
According to notification No. 890E of the Central Board of Direct Taxes (CBDT) dated 26 September 2000, the list of qualified IT allowed services under the BPO operations considered in the IBPS is as follows: I BPO operations. (ii) Calling centers. Iii) Creation or Animation of content. iv) Processing of Data. Vi) Geographic information Services Scheme. Vii) Programs for Human Resources. Viii) Claim for Insurance Sorting. Legal Databases. ix) x) Transcription Medicine. xi) For payroll. xii) Repairs remotely. Xiii)Accounting for sales. xiv) Centers for Assistance. xv) Resources on websites. As per NASSCOM, BPO includes the following IT-enabled processes that do not require the on-shore presence and are thus offshore-able: 1) Customer Engagement & Service (CIS)- CIS includes all types of customer IT-enabled Used for delivering customer care, sales, and marketing, technical support and help desk care, communication, inbound or outbound, voice, or non-voice-based support. 2) Finance & Accounting (F&A)- F&A covers practices such as general accounting, transaction management (management of accounts receivables and payables), corporate finance (e.g. management of treasury and risk, and tax management); enforcement management and regulatory reporting, etc. 3) Horizontal-specific BPM services- Services that are quite similar across sectors. Customer Contact and Assistance (CIS), Finance and Accounting (F&A) and other associated processing services include horizontal BPM services, Information Services, Human Resource Management (HRM), Procurement BPM, etc. 4) Human Resource Management is a Processing resource for HR include services that support core Human Resource Management activities plus activities for talent management and related business processes such as insurance, payroll, and talent management.
- What are the Export Promotion Schemes offered by the Ministry of electronics and information technology (MeitY)?
Under the Ministry of electronics and information technology, the two main export promotion schemes launched are 1) Software Technology Parks (STPs): India's STP was founded in 1991 as an autonomous entity. Some of the advantages provided are a) Exemption from customs duty b) Accelerated depreciation c) Automatic route makes 100 percent FDI. 2) Special Economic Zone (SEZ): The objective of providing international competition has been created. Some of the incentives are a) 100% exemption from income tax on export earnings, b) duty-free imports. Please notice that SEZ covers many sectors and these advantages cover sectors other than IT BPMM.
- How local entrepreneurs can participate in IBPS?
An entrepreneur can create a consortium with a company registered anywhere under the Companies Act 1956/2013 that can meet the other criteria(s) for eligibility. The qualified Indian Company shall have at least 26% of the Consortium's shareholding inequity and undertake to retain minimum equity (26%) for at least three years.
- What is PayGov?
Ministry of electronics and information technology (MeitY), Govt In India, NSDL Database Management Limited (NDML) collaborated to provide a centralized forum to promote all Govt. Online payment collection departments and facilities from Residents for Govt. Facilities. The name of this site is 'PayGov'. PayGov is a ready-to-use facility with licensed transaction costs that can be used to provide people with online payment services.
- What is Virtual Payment Address (VPS)?
A VPA (Virtual Payment Address) is an address that uniquely identifies the bank of a person a / c. The virtual payment address for BHIM customers, for instance, is in the XYZ [at] UPI format. Users can only share their Virtual Payment Address (VPS) with anyone to accept payments (no bank account number / IFSC code required, etc.). Users can just use their payment address to transfer money to anyone.
- What is the purpose of the Cyber Surakshit Bharat Programme?
The Ministry of electronics and information technology launches Cyber Surakshit Bharat Programme
The mission is to educate and enable the Chief Information Security Officers (CISO) and the wider IT community to address Cyber Surakshit Bharat Programme challenges. I) create an understanding of the emerging cyber threat environment. (ii) Have in-depth awareness of main processes, innovative programs, problems, and related solutions. Iii) Applicable frameworks, theme-related guidelines & policies. iv) To learn from success & mistakes, share best practices. (v) Provide key insights to make informed decisions on issues related to Cyber Surakshit Bharat Programme in any functional area.
- What is the E-District portal?
The e-District portal is a Mission Mode Project (MMP) is intended to enhance state district administration by providing ICT assistance to participating agencies and district administration in the provision of centralized software applications for selected categories of citizen services and training for departmental staff in order to improve the provision of citizen services. Services developed under the e-District portal will be provided as a registered user through different distribution networks, such as I Direct access by people through the e-District portal. Ii) Current service centers of Atal Jana Snehi Kendra / B1 / K1. Iii) Common Service Centres (UptoGrama Panchayat Level to be established).
- What is the National e-Governance Plan?
The National e-Governance Plan (NeGP) comprising 27 Mission Mode Projects and 8 components was approved by the Government on 18 May 2006. In 2011, 4 projects were launched to make a list of 27 MMPs for 31 Mission Mode Projects (MMPs)-Health, Education, PDS, and Blogs. The vision, approach, strategy, main components, implementation methodology, and management structure for National e-Governance Plan have been approved by the Government. GP’s approval does not, however, constitute financial approval(s) for all the Mission Mode Projects (MMPs) and components thereunder. In order to comply with the objectives of the National e-Governance Plan, current or ongoing projects in the MMP category undertaken by various central ministries, states, and state departments would be appropriately expanded and enhanced.
- What is Digital India Initiative?
The Digital India Project is a formalized program that was initiated by the Government of India on 2 July 2015. A complete digital transformation of society and a knowledge-based economy are envisaged in the project.
- What are the three visions of the Digital India initiative?
Three areas of vision have been designed for the Digital India initiative: digital infrastructure as a resource for every person is the vision that mainly talks about high-speed internet, cell phones and bank accounts, access to a shared service center, private cloud space, stable cyberspace Governance and on-demand services based on integrated services, access to mobile platform services, portable cloud services.
- What is e-education or Study Webs of Active-Learning for Young Aspiring Minds (Swayam)?
Study Webs of Active-Learning for Young Aspiring Minds (SWAYAM) project aims to provide learners with learning experiences, but within a structured setting, anytime, wherever, and wherever. SWAYAM is also different as it operates for large open online courses (MOOCs) in a managed environment. Cost-free courses from 9th to 9th are available
Doctorate for all graduates.
- What is Digital Farming?
Another agricultural revolution is Digital Farming has led to ICT. Many ICT projects for the agricultural sector have been implemented by the government, state, and private sectors such as Karshaka Information Systems Services and Networking (KISAN) Kerala, Village Resource Center (VRC)–Indian Space Research Organization (ISRO), and e-Krishi. It is generally referred to as digital farming.
- What is Digi Locker?
There is a digital cabinet available for storing all your files on both websites and portable applications. Linked to both Aadhaar card and mobile phone numbers, Digi Locker eliminates the use of physical papers as part of the Digital India drive of the government as all information is placed in the cloud.