Nara Chandrababu Naidu, the Chief Minister of Andhra Pradesh has made the recommendations to the government about the digital world evolution.
After meeting, Naidu stated “We are looking at low-hanging fruits to facilitate digital payments initially, and eventually we need to develop enough infrastructure to conduct digital transactions”.
Interoperability among banks is one of the most pressing issues confronting the government in its efforts to promote digital payments. As a result, the Naidu-led team is collaborating with banks to develop a roadmap to ensure that almost all banks are on committee to endorse the government’s push toward a digital economy.
Account holders will be able to use their banks’ Unified Payment Interface to make and receive cashless payments from subscribers of other banks’ UPI. Following the massive demonetisation drive that began, the government has identified five modes of digital transactions. UPI, e-wallets, cards, and point-of-sale, Aadhaar-enabled payment system, and Unstructured Supplementary Service Data are among them.
Amitabh Kant, CEO of NITI Aayog, stated that a more user-friendly and simpler version of Unstructured Supplementary Service Data (USSD), which is used on feature phones to make cashless payments, which were rolled out after 15 days.
Kant stated that, “NPCI (National Payments Corporation of India) has already started working to make USSD (*99#) more simple, convenient, and robust, as well as to integrate it with UPI. So, soon after 15-20 days of that work, they have a completely new version of USSD with UPI, with many powerful and user-friendly features”
At the time of this suggestion, the country had approximately 400 million feature mobile handset users. The government hoped that the move would significantly increase digital transactions, particularly in rural areas where smartphone and internet penetration is low. Chandrababu Naidu make sure to provide updates to the people with the help of TDP latest news.
“The new IT policy would emphasise the need for mega infrastructure, quality human resources, and good governance,” he said at the function, according to a release from the AP Government’s Advisor (Communications). He stated that society must be propelled by innovation. “In terms of innovation, a small city like Tel Aviv (in Israel) ranks second only to Silicon Valley. Given the abundance of natural ability and entrepreneurialism in AP, we, too, can create innovation-driven cities.”
According to the latest TDP news at that moment, Chandrababu Naidu’s vision was to transform Andhra Pradesh into a knowledge – based society of global renown, with a focus on improving citizens’ quality of life through higher educational attainment and the incorporation of technology.
There was hope for Naidu, who was told that the government would support the establishment of premier IT institutes in AP in collaboration with top firms and foreign universities. It would concentrate on the fabless semiconductor industry, as well as the production of electronic goods and components.
ln order to enhance technical education and digital learning, colleges offering undergrad courses in software, electronics, and computer science should make internships mandatory in the final year of the programme, according to the Chief Minister. He advised students to focus not only on classroom instruction but also on developing skills for coming up with new ideas. “If students focus on skill development, India can reach global standards and compete with China and the United States.”
When comparing India’s skill sets to those of China, the CM stated that the latter has developed into a manufacturing powerhouse. India, too, has the talent and human resources to compete for that position. All this news were easy to make people aware with the help of TDP latest news. He also told that, students should not only look for work, but also create opportunities for others. Given the increasing use of the Internet in India, it is critical to make technology accessible to the poorest of the poor.
Chandrababu Naidu has suggested banks to use technology to provide high-quality products and services to the public. While speaking at Karur Vysya Bank’s 101st founders’ day celebration in Visakhapatanamon on Saturday, he emphasised the power of technology in the banking industry.
With the help of TDP news people came to know that, the bank adopted Bandarupalli, a remote village with no banking facilities, and established a digital branch there. In the village, cashless transactions are available, and all banking transactions are completed digitally.
“Identifying the banking needs of the local community in Karur (Tamil Nadu) and thus earning the trust of the people had put the Karur Vysya Bank (KVB) on a firm footing,” Chandrababu Naidu said, praising the bank’s visionary leadership”. It had grown from a small town to become one of the country’s major banks.
He also praised the bank for donating Rs 100 crore from its CSR funds to the Visakhapatnam district and encouraged other banks to follow KVB’s lead.
“The bank has provided complimentary wi-fi service in Bandarupalli village, making sure online payments and digital banking, as well as the availability of micro ATMs at business areas in the village,” said P.R. Seshadri, MD and CEO of KVB.