FinTecs

A General FinTech News Blog.

‘India can be a shining example’: Google CEO Sundar Pichai lauds UPI, Aadhaar

‘India can be a shining example’: Google CEO Sundar Pichai lauds UPI, Aadhaar

‘India can be a shining example’: Google CEO Sundar Pichai lauds UPI, Aadhaar

Google and Alphabet CEO Sundar Pichai believes that India is a shining instance of harnessing technical prowess and authorities-sponsored entities which includes the Unified Payments Interface (UPI) and Aadhaar to create open and linked stacks. 

In an interview with The Economic Times, Pichai stated,  “Look at what India has finished with the UPI, Aadhaar, and the bills stack, and you may see the fee of getting an open, linked stack which works. And that’s what the net is. Having accountable law which preserves all of this are a number of the middle elements.”

He additionally forecasts that India might be a a success exporter on this virtual economic system whilst including he sees a stability withinside the proposals through the Indian authorities so far. Pichai similarly stated that Google’s partnership with the Indian authorities might be a optimistic one. 

The Google and Alphabet CEO similarly gave his cents on draft rules which includes the Telecom Bill, New Data Bill, and revision of the IT Act. Pichai referred to that given the dimensions and position of generation in today’s time and age, governments internationally have a proper to make certain citizen safety and privacy. 

His feedback got here after Minister of Railways, Communications, and Electronics and Information Technology Ashwini Vaishnaw stated that the Data Protection Bill, Telecom Bill, and Digital India Bill are probably to be tabled withinside the monsoon consultation of Parliament. 

He said categorically that the Data Protection Bill and the Digital India Bill will lay the impetus for growing a sturdy platform to benefit most benefit from synthetic intelligence (AI). The telecom bill, on the opposite hand, will recognition on consumer protection. 

The minister advised newshounds at the sidelines of the Google for India 2022 event, “The bills, that have been placed up for consultation, have to be finished through July-August. These have to byskip the Parliament.” Vaishnaw introduced that Prime Minister Narendra Modi has given a clean goal of making a complete regulatory framework and the complete exercising have to be finished inside a length of 14-sixteen months. 

During his go to to India, Pichai additionally met Prime Minister Modi and External Affairs Minister Dr. S Jaishankar. He additionally met Union Minister Ashwini Vaishnaw on the Google for India 2022 event.