iSPIRT works to transform India into a hub for new generation software products, by addressing crucial government policy, creating market catalysts and grow the maturity of product entrepreneurs. Welcome to the Official Insights!
iSPIRT is pursuing the Stay-in-India Checklist 2.0 with Department for Promotion of Industry and Internal Trade (DPIIT), Government of India, targeted to bring Ease of Doing Business for start-ups. Our efforts gained momentum with DPIIT’s Regulatory Roundtables since August 2022. Reserve Bank of India has further eased the reporting of FDI on the FIRMS portal. The …
Continue reading “RBI Rationalized Reporting Process for Foreign Direct Investment (FDI)”
PM-WANI has allowed sachetised access to WiFi connectivity. However, the true vision of WANI standard, where small business owners can participate as network service providers resulting in fast network growth, has not been realised. We propose the next version of the WANI standard where a more open ecosystem can be enabled to facilitate business interactions …
Can public-tech usher in cash-flow lending at scale for small businesses? We will soon find out. Early pilots of the Open Credit Enablement Network (OCEN) have gone well. But they were without a key ingredient – the Account Aggregator (AA) system. Last September, AA went live for the public. Since then, it’s been doing well. …
If you have not come across ONDC – Open Network for Digital Commerce, its time you know about it and this post is to help better understand what problem it addresses, how it operates, and the value that it brings to consumers, businesses, retailers, existing e-commerce platforms and the state. Problem statement There are a …
Continue reading “ONDC – Is it the next game changer for Digital India?”
“The best way to find yourself is to lose yourself in the service of others” ~ Mahatma Gandhi This is one of the core values that we cherish at iSPIRT. We started an open process of bringing in Balloon Volunteers by kicking off our First Volunteer Open House session in September 2020. We did this with …
India, a large country with a lot of geographical and economic diversity, faces interesting challenges with last-mile connectivity for internet users. PM-WANI programme provides a powerful technical and policy framework towards the goal of broadband proliferation across the country. iSPIRT Foundation has been involved with the PM-WANI programme right from its inception. Dr Pramod Varma, …
India currently has 90 unicorns – startup companies that are valued at over $1b – and will likely soon have 100 unicorns, becoming the third such country after the USA and China. Since January 2016 when the “Startup India” program was launched, the startup ecosystem of India including infrastructure for startups, be it incubators, mentorship, …
At the Fourth National Startup Advisory Council Meet held on 17.05.2022 under Hon’ble Minister of Commerce and Industry, Consumer Affairs, Food & Public Distribution, and Textiles Shri Piyush Goyal, the NavIC Grand Challenge (GC) was launched. The GC seeks to mainstream the use of NavIC and establish it as a domestic mapping solution. iSPIRT has …
Union Budget 2022 – Imprints of using Digital public infra with Private innovation iSPIRT Foundation, a technology think-and-do tank, believes that India’s hard problems can be solved only by leveraging public technology for private innovation through open APIs. This “innovation architecture” is now going mainstream. The Union Budget 2022 mentions five efforts that iSPIRT has …
Continue reading “iSPIRT Foundation’s Response to Union Budget 2022”
India has made rapid progress in digitisation of the economy in the last decade becoming a world leader in identity systems, digital payments and tax, and a new data sharing and empowerment framework. However, many deep-rooted issues still exist, such as extending true financial inclusion; formalisation and creating a higher trust economy, that is essential …
Continue reading “Bharat Distributed Ledger (BADAL) for accelerating trusted commerce in India”
We are at the cusp of a data empowerment revolution in India. The DEPA architecture and its first instantiation, the Account Aggregator (AA) framework are empowering individuals and businesses to share their data at low cost and friction, enabling scenarios such as flow-based lending. The Unified Health Interface (UHI) is expected to drive a similar …
The Stay-in-India checklist is a list of regulatory hurdles that makes it attractive for Indian startups to Domicile in foreign jurisdictions like Singapore and USA.
Eight of India’s major banks (State Bank of India, ICICI Bank, Axis Bank, IDFC First Bank, Kotak Mahindra Bank, HDFC Bank, IndusInd Bank, and Federal Bank) have joined the Account Aggregator network. Together, these banks cover nearly 40 percent of India’s banking customers. This move ushers in India’s open banking moment and empowers millions of …
Senior policymakers met to discuss data empowerment approaches that ensure privacy and encourage innovation The digitalization of economies, particularly in critical sectors such as health, mobility, energy, and finance, has seen significant generation of data. The ubiquity of data should lead to greater user-centric innovation, while preserving the trust that users have in an open, …
Continue reading “Virtual Meeting on Data Empowerment (August 31, 2021)”