Sunday, March 3

Tag: IAMAI

Mobile Body IAMAI Files petition Against RBI’s Cryptocurrency Ban
INDIA

Mobile Body IAMAI Files petition Against RBI’s Cryptocurrency Ban

The Internet and Mobile Association of India( IAMAI) has filed a written petition in the Supreme Court requesting a stay against the RBI’s order to not allow banks to provide services to cryptocurrency trading platforms. IAMAI 's president Subho Ray has confirmed the filing of petition though he was not available to comment on the matter. It is interesting to note that this marks the fifth petition to be filed against Apex Bank on its order dated 6 April that disallowed entities from dealing in virtual currencies. RBI had given banks a deadline of 6 July to adhere to the new rule. Last year, several cryptocurrency exchanges had come together to form a collective industry body called Digital and Blockchain Foundation of India. However, in November 2017 the association got merged with ...
Indian Unicorn Startups To Launch Nasscom Like Lobby Group- Indiatech.org
INDIA

Indian Unicorn Startups To Launch Nasscom Like Lobby Group- Indiatech.org

India’s Unicorn Internet startups Flipkart and Ola are grouping together with peers including travel portal MakeMyTrip to launch a Nasscom like industry body that will be representing their interests and aim to deal with deep pocketed rivals, and sustain their existence in one of the world’s most prized markets for digital commerce. The lobby group will be called Indiatech.org — and will be led by Sachin Bansal, as its President and Chairman; appointing a former IAS officer as its CEO, said four people aware of the matter. The former bureaucrat is expected to join in 2-3 weeks. The other founding members include online classifieds company Quikr and messaging platform Hike. “The group wants to become the Nasscom for the startup space,” said two of the people cited above. The formati...
Google India Head Rajan Anandan Appointed IAMAI Chairman
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Google India Head Rajan Anandan Appointed IAMAI Chairman

Google vice-president for South East Asia and India, Rajan Anandan has been appointed new chairman of Internet and Mobile Association of India (IAMAI). He took over charge from FreeCharges co-founder and chief executive officer Kunal Shah. MakeMyTrip Chairman & Group CEO Deep Kalra has taken over as vice chairman from music app Saavn co-founder and President Vinodh Bhat. Facebook Managing Director India & South Asia, Umang Bedi has been elected as the new Treasurer of the Association. Subho Ray continues to be the President of the Association, IAMAI said in a statement. The tenure of the new council is for two years. "Anandan assumes office at a time when the industry is going through a growth trajectory with more than 400 million Internet users and with more than 300 m...
India Aims to Be Among Top 30 in Ease of Doing Biz: Amitabh Kant
INDIA

India Aims to Be Among Top 30 in Ease of Doing Biz: Amitabh Kant

The government is focussed on improving infrastructure and driving innovation to ensure that India ranks among the top 30 countries in terms of ease of doing business in the next 3-4 years, Niti Aayog CEO Amitabh Kant said today. Speaking at an IAMAI event here, Kant said the ecosystem of innovation is just "beginning to blossom" and one is seeing a resurgence of young Indians starting new businesses. "Our objective is that India must become a very easy and a very simple place to do business in. This is one government that is focussed on innovation and trying to make India an easy simple place to do business," he added. Stating that India has jumped up 12 positions in the ease of doing business, Kant said the government has taken various steps in this regard including bringing in ...
6 Percent Levy Tax Will Hurt Indian Tech Startups: Report
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6 Percent Levy Tax Will Hurt Indian Tech Startups: Report

The proposed 6 percent levy on online advertisement revenue of foreign companies will "severely raise the cost of doing business" for Indian tech startups, industry body IAMAI said today. "Tech startups are already paying 14.5 per cent service tax to use these ad platforms, which amounts to an estimated Rs 906 crore of taxes to government. With GST implementation, the tax rate is likely to move to 18 per cent bringing more taxes to the government from this segment," Internet and Mobile Association of India (IAMAI) said in a statement. Considering that the incidence of 6 per cent levy will be passed on to the advertisers by the ad platforms, the total burden to SMEs and tech startups on account of equalisation levy would be an additional burden of Rs 429 crore, a massive hike of nearly 50...
Vijay Shekhar Sharma to Head IAMAIs Payments Banks Group
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Vijay Shekhar Sharma to Head IAMAIs Payments Banks Group

Paytm founder Vijay Shekhar Sharma will chair the newly formed Payments Banks Group at industry body IAMAI. Vodafone India business head (M-Pesa) Suresh Sethi will be the Vice-Chairman of the Group, Internet and Mobile Association of India (IAMAI) said in a statement. "Payments Banks is an innovative model of bringing unbanked population into the formal banking fold. Paytm along with other license holders, would make financial services accessible for every Indian through this innovative route," Sharma said. At present, six out of 10 payments banks primary licensees are IAMAI members. IAMAI has more than 50 companies representing PPIs, wallets, aggregators, business correspondents, PoS Operators, among others as members.
Why So Sad Kunal Shah?
Story

Why So Sad Kunal Shah?

(Editor Note: The article we published here is fully focused on Kunal Shah recent activities on social media and his event speech. ) On 9th Feb 2016, the 10th India Digital Summit was organized in Delhi by IAMAI. This Summit was special for two reasons- Kunal Shah opening speech as an IAMAI chairman. First time Govt. officials and representative were also taking part. When we received a mail from IAMAI, we were very excited because this is the first time Pixr8 team going to meet eminent personalities in internet world including Kunal shah, Vijay Shekhar Sharma, Rajan Anandan & Jayant Sinha (MoS, Finance). On the event day, We present at the venue before 30 minutes prior to the start. The atmosphere looks very positive and energetic. The main hall was crowded but we m...
Use of Indian Languages is Critical to Achieve The Digital India Dream: Report
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Use of Indian Languages is Critical to Achieve The Digital India Dream: Report

New Delhi- Advocating the need for more content in Indian languages to propel internet penetration, a report titled ‘Proliferation of Indian Languages on Internet’ finds that enabling local language content on the Internet will lead to a growth of 39% in the current Internet user base. 75% growth will be from the rural users while only 16% growth will come from urban India. The report, published by the Internet and Mobile Association of India (IAMAI), finds that The English language still accounts for 56% of the content on the worldwide web while Indian languages account for less than 0.1%. However, while The Internet in India is predominantly English, there is a high potential for regional language content. According to the report, in the last year alone, Hindi content on the web has gro...
IAMAI Names Kunal Shah (Freecharge, founder) As The New Chairman
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IAMAI Names Kunal Shah (Freecharge, founder) As The New Chairman

New Delhi, January 05, 2016: The Internet and Mobile Association of India (IAMAI) has named Kunal Shah, Co-founder & Chief Executive Officer, FreeCharge as the new Chairman of IAMAI. The move was necessitated following Nishant Rao’s move to join Freshdesk as the global Chief Operating Officer, from Linkedin. The Association has also announced Vishwas Patel, Chief Executive Officer – CCAvenue as the new treasurer. Vinodh Bhat, Co-founder, President & Chief Strategy Officer at Saavn remains the Vice-Chairman of the Association. Kunal Shah co-founded FreeCharge in August 2010 with the aim to build a business that turned Recharges. The Association has also announced Vishwas Patel, Chief Executive Officer – CCAvenue as the new treasurer. Vinodh Bhat, Co-founder, President & Chief ...