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 …
iSPIRT Foundation’s Response to Union Budget 2022
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 …
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Bharat Distributed Ledger (BADAL) for accelerating trusted commerce in India
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 …
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Confidential Clean Rooms in DEPA
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 …
Stay-In-India Checklist Index aiming for 5 trillion $ Economy by 2025
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.
Major Indian banks join Account Aggregator network to help individuals conveniently access and digitally share their financial data
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 …
Virtual Meeting on Data Empowerment (August 31, 2021)
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, …
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Account Aggregator Ecosystem Go-Live
iSPIRT Foundation welcomes you to the virtual launch of the industry-wide Account Aggregator (AA) ecosystem on September 2, 2021. This event announces the major financial institutions that have gone live, and demonstrates the powerful use cases of AA. It will be a major milestone for the AA framework for consented data access and sharing in the …
iSPIRT’s Official Response to the Draft Drone Rules 2021
This is our response to the Draft Drone Rules 2021 published by the Ministry of Civil Aviation on 14 July 2021. Introduction The potential commercial benefits that unmanned aviation can bring to an economy has been well established in several countries. A primary and immediate use-case for drones is in Geospatial data acquisition for various …
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iSPIRT Balloon Volunteering Open House #4 – Opportunities in Technology
Building on the previous Balloon Volunteering Open House Sessions, we will give a flavour of available volunteering opportunities in the Technology space. In the fourth Session, we have Dr Pramod Varma, Chief Architect of Aadhaar and IndiaStack, giving you an insight into what it takes to volunteer in iSPIRT. He describes our design principles for …
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Can digital currencies and crypto investors help close India’s SME financing gap?
The internet connected the average Indian to millions of sources of information. Could crypto protocols connect Indians to millions of sources of capital? To achieve its goal of a five trillion dollar economy by 2025, India needs to close an enormous financing gap for its small and medium-size enterprises (SMEs). It already has important assets …
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iSPIRT’s Third Balloon Volunteering Open House Summary
Following the success of our previous two sessions, we are back again. We are presenting this next session of our open house on the theme of Market Mavens and Market Architecture. Please find attached the video, which will talk about the available opportunities and what it means to be a volunteer at iSPIRT. There are …
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Mapping Policy a major Progressive reform for Digital India
Almost everything in the tangible world has a location attached. In the future Data Economy, map information is going to be one very important piece of information. The Government of India announced a policy and new guidelines of using Mapping and relaxed the Policymaking it simple enough, aiming at unbundling the economic value across all …
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iSPIRT’s Official Response to Union Budget 2021
Boost for HealthStack, but no gains for Industry The Pandemic had decided much of the flow of financial planning in a country like India. The emphasis on Atma Nirbhar Bharat right at the outset in PART A of speech is on expected lines in a changed scenario post pandemic. Health being given importance forming the …
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