'There Should Not Be Any Levy on Digital Transactions'
Business Today|May 21, 2017

Andhra Pradesh Chief Minister N. Chandrababu Naidu was the prime mover behind Cyberabad, the information technology hub that hosts global giants such as Microsoft, as an extension to the twin cities of Hyderabad and Secunderabad.

Joec Mathew
'There Should Not Be Any Levy on Digital Transactions'

After the loss of Hyderabad to Telangana, the new state carved out of Andhra Pradesh, he is scripting another infrastructure development story around Amaravati, Andhra’s new capital city in the making. Naidu, in New Delhi to present the interim report of the committee of chief ministers on promotion of digital payment systems, which he heads, spoke to Joe C. Mathew about India’s digital future and plans for his state. Edited excerpts

Digital infrastructure is fairly good in cities. But there is a lot to be done in other areas. What are the bottlenecks? What needs to be done?

That is what we are saying in the report. We will discuss it with the prime minister also. The prime minister has announced Digital India but our infrastructure has not matured. It is very weak. We need last-mile fibre connectivity. A day will come when your call charges will be calculated on the basis of per capita consumption of fibre connectivity. This is what is happening (in Andhra Pradesh). I am going to give 15 mbps to every home within one year. It will be cost effective, as we are taking fibre through electric poles by spending only 60-70 per cent of what it would have cost us if we had used underground cables. By using the savings, I can give all channels and videos free, and also internet, to every household.

Interconnectivity issues, fight between wallets and banks, we are seeing all these things now. The regulations seem to be unable to deal with such problems. What are your recommendations in this regard?

この記事は Business Today の May 21, 2017 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Business Today の May 21, 2017 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

BUSINESS TODAYのその他の記事すべて表示
Pension Scheme - Safety Net
Business Today India

Pension Scheme - Safety Net

The move to introduce the UPS has evoked mixed reactions. Analysts believe its funding will have limited impact on the fiscal math

time-read
4 分  |
September 29, 2024
The Reit Choice?
Business Today India

The Reit Choice?

Real Estate Investment Trusts (Reits) Are Gaining Traction As Interest Rates Stabilise. But Returns Could Be Affected By Adverse Economic Conditions And Market Volatility

time-read
7 分  |
September 29, 2024
CORPORATE - Calling to Account
Business Today India

CORPORATE - Calling to Account

The sudden exit of Byju's auditor BDO marks the latest in a long series of setbacks for the edtech firm

time-read
1 min  |
September 29, 2024
EMPLOYMENT: Skills Push
Business Today India

EMPLOYMENT: Skills Push

The skill development ministry plans to partner with the UGC to improve the employability of undergraduates

time-read
1 min  |
September 29, 2024
Building on a Vision
Business Today India

Building on a Vision

L&T'S CHAIRMAN EMERITUS A. M. NAIK HAS BUILT A MAMMOTH ENTERPRISE THAT IS BUILDING A NEW INDIA, FROM ITS METRO RAIL SYSTEMS TO THE RAM TEMPLE

time-read
2 分  |
September 29, 2024
"KYS more important than KYC"
Business Today India

"KYS more important than KYC"

Vijay Kedia is a renowned equity investor; the value of his listed portfolio stands at around ₹1,750 crore

time-read
1 min  |
September 29, 2024
ROXX STAR
Business Today India

ROXX STAR

THE THAR ROXX COMBINES LUXURY WITH PERFORMANCE TO MAKE A STRONG STATEMENT IN THE MID-SIZE SUV SEGMENT

time-read
2 分  |
September 29, 2024
HIT THE GROUND RUNNING
Business Today India

HIT THE GROUND RUNNING

Smartwatches have become indispensable tools for runners, offering real-time insights into pace, distance, heart rate, and more. Here are a few you can consider

time-read
2 分  |
September 29, 2024
TURNING THE TABLES
Business Today India

TURNING THE TABLES

INDIA'S FURNITURE MARKET IS POISED FOR A GLOBAL TAKE-OFF. ALREADY, A HOST OF GLOBAL BRANDS HAVE MADE THE COUNTRY THEIR HOME, BUT INDIAN COMPANIES ARE NOT TOO FAR BEHIND

time-read
7 分  |
September 29, 2024
THE EVOLUTION OF ATHERA
Business Today India

THE EVOLUTION OF ATHERA

IDENTIFYING OPPORTUNITIES IN ADVANCE HAS STOOD THIS BENGALURU-BASED VC FUND IN GOOD STEAD. NOW, WITH A HEIGHTENED FOCUS ON TECHNOLOGY, IT WANTS TO SUSTAIN THE SUCCESS

time-read
7 分  |
September 29, 2024