Heena Sharma Blog

Google on Monday announced Google for India Digitization Fund worth $10 billion (Rs 75,000 crore), which the technology giant would invest in India over the next 5-7 years. The investment will be done through a mix of equity investments, partnerships, and operational, infrastructure and ecosystem investments. Calling India's digital journey far from complete, Pichai announced the Google for India Digitization Fund that will invest nearly $ 10 billion in India over 5-7 years. "We’ll do this through a mix of equity investments, partnerships, and operational, infrastructure and ecosystem investments. This is a reflection of our confidence in the future of India and its digital economy," wrote Pichai. Read More

Expanding its financial services portfolio, Chinese electronics maker Xiaomi on Tuesday announced the Mi Credit – an app-based credit lending service with a limit of up to Rs 1 lakh on personal loans. Being an online marketplace for lenders, the app debuts with support from five non-banking financial companies (NBFCs) and fintech firms — Aditya Birla Finance Limited, Money View, EarlySalary, Zestmoney and CreditVidya. Apart from lending services, the company also partnered with Experian to provide credit score report free of cost on the Mi Credit app. According to Xiaomi, the Mi Credit service is currently available in more than 10 states, covering around 1,500 pin codes, and the company aims to roll our services across all pin codes by the end of this financial year (March 2020). The Mi Credit app is now available on Google Play Store, Xiaomi app store and GetApps platform for Android smartphones. Besides, it will come preloaded on the company’s MIUI operating system-powered

Modi also stated the initiative has brought in a movement towards more digital payments Current Affairs News : Prime Minister Narendra Modi said on Friday his Digital India flagship programme empowered citizens by eliminating middlemen' and promoted 4Es - Education, Employment, Entrepreneurship and Empowerment. "We launched Digital India with a very simple focus -- to ensure more people can benefit from the joys of technology, especially in rural areas," he said while interacting with beneficiaries of the flagship scheme across the country via the NaMo App. This was his fourth outreach with beneficiaries of government schemes through video conferencing. The event was streamed on social media site Facebook. He also stated the initiative has brought in a movement towards more digital payments, thereby eliminating the concept of middlemen. "Due to technology, railway tickets can be booked online, bills can be paid online... all this brings great con