Friday, March 29, 2024
-Advertisement-
Reimagining Public Sector Analytics
Reimagining Public Sector Analytics
HomeNewsCyber SecurityDigital India: PM Modi govt to fund upto Rs 5 crore for R&D on cybersecurity in India

Digital India: PM Modi govt to fund upto Rs 5 crore for R&D on cybersecurity in India

Follow Tech Observer on Google News

Giving push to Prime Minister Narendra Modi Digital India initiative, the Union government has decided to fund upto Rs 5 crore for R&D on cybersecurity in India.

Google News

Giving push to Prime Minister Narendra Modi initiative, the Union government has decided to fund upto Rs 5 crore for R&D on in India. The cost of up to Rs 5 crore incurred by any company on developing an original cyber security product in the country will be funded, said IT minister .

While addressing a cybersecurity event, Prasad said “Challenge grant – it is a Rs 5 crore grant for the start-up. Come up with original product in the field of cyber security, the government will fund your entire research to the tune of Rs 5 crore.” The minister was of the view that with continuous impetus on Digital India by Prime Minister , India's digital or information sector is growing very fast for which cyber security is very important.

The IT ministry has recently issued notices to smartphone manufacturers to furnish details of cyber security firewalls inside their mobile phones. “We are going to have cyber security standards for telephones. We are finalising that,” he said adding that “Let me tell all mobile manufacturers that your product must be security compliant. There shall be no compromise on that.”

The minister also claimed that digital governance has helped the government save Rs 57,000 crore in last three years which used to be pocketed by middlemen. Prasad said that transactions on BHIM and UPI have increased significantly after demonetisation was announced on November 8, 2016. “It started on November 8. BHIM and UPI app transactions have increased from 3,700 transactions per day to 5.4 lakh transactions a day. In terms of value, it has risen from Rs 1.93 crore per day to Rs 87 crore per day,” the minister said.

Get the day's headlines from Tech Observer straight in your inbox

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
Tech Observer Desk
Tech Observer Desk
Tech Observer Desk at TechObserver.in is a team of technology reporters led by a senior editor who brings latest updates and developments from the world of technology.
- Advertisement -
Reimagining Public Sector Analytics
Reimagining Public Sector Analytics
- Advertisement -Veeam
- Advertisement -Reimagining Public Sector Analytics
- Advertisement -ESDS SAP Hana

Subscribe to our Newsletter

83000+ Industry Leaders read it everyday

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
- Advertisement -

How AI power struggle opens up new frontier in global geopolitics

The far-reaching influence AI has on information processing, national security, military operations, the economy, and strategic decision-making is set to reshape the geopolitical landscape and redefine the power dynamics between nations.

RELATED ARTICLES