Facebook Pixel From red lights to green: DPI for businesses will spur job creation | Mint Hyderabad - newspaper - Lees dit verhaal op Magzter.com
Ga onbeperkt met Magzter GOLD

Ga onbeperkt met Magzter GOLD

Krijg onbeperkte toegang tot meer dan 9000 tijdschriften, kranten en Premium-verhalen voor slechts

$149.99
 
$74.99/Jaar

Poging GOUD - Vrij

From red lights to green: DPI for businesses will spur job creation

Mint Hyderabad

|

January 23, 2025

Employer Aadhaar and Digilocker will apply Digital Public Infrastructure to compliance and help create high-wage jobs

- MANISH SABHARWAL & RISHI AGARWAL

The primary theme of Jennifer Pahlka's book Recoding America—that the US government is failing in the digital age—doesn't apply to India. Our unique Digital Public Infrastructure (DPI), from Aadhaar, UPI, Digilocker, Digiyatra and Co-Win to Fastag and much else, has enabled millions of citizen transactions through an appropriate balance of public standards and private innovation. However, so far, hundreds of thousands of employers have been left out of DPI. Fantastic recent policy announcements that green-light a unique identifier and digital repository for employers will enable a new wave of innovation in 'enterprise DPI.' This will accelerate high-wage job creation.

Why? India's challenge is simple but hard. Mass prosperity is held back by wages rather than jobs, high wages are held back by a shortage of non-farm employers with high productivity, and this employer population is held back by regulatory cholesterol: compliances/filings/jail provisions (over 85,000), irrational workflows (too many people and departments involved) and interpretation subjectivity ('Show me the person, I'll show you the rule'). This toxic brew breeds corruption, uncertainty and informality. Mass prosperity is a national security, justice and constitutional objective; that path includes digitizing, rationalizing and decriminalizing our regulatory cholesterol.

MEER VERHALEN VAN Mint Hyderabad

Mint Hyderabad

How much forex will RBI's scheme for deposits attract?

India’s foreign exchange position has not looked vulnerable lately. This found emphasis in the Reserve Bank of India’s (RBI) monetary policy statement last week, which noted that its forex reserves covered around 11 months of Indian imports.

time to read

4 mins

June 12, 2026

Mint Hyderabad

Mint Hyderabad

SpaceX IPO draws major retail orders

SpaceX’s initial public offering (IPO) has attracted more than $70 billion in orders from retail investors, according to people familiar with the matter, as the potentially record-breaking debut enters the home stretch.

time to read

1 mins

June 12, 2026

Mint Hyderabad

Small talk: why business schools must teach this skill

About a decade ago, when the telecom sector in India was in the chokehold of a battle between operators, the regulator and the government, I was tasked with travelling often to the capital to cover the industry.

time to read

3 mins

June 12, 2026

Mint Hyderabad

Mint Hyderabad

OpenAI considers drastic price cuts, anticipating war for users with Anthropic

The company might lower prices for tokens, the central unit for gauging AI costs, though the discussions are still in flux.

time to read

2 mins

June 12, 2026

Mint Hyderabad

Mint Hyderabad

MetLife wants India to be a major contributor to its biz

The New York-based insurer raised its stake in PNB MetLife from 26% to 49.73%

time to read

3 mins

June 12, 2026

Mint Hyderabad

RBI FCNR move offers NRIs a shot at equity-like returns

The step to attract USD inflows and support the rupee results in zero hedging cost for banks

time to read

3 mins

June 12, 2026

Mint Hyderabad

Mint Hyderabad

Logistics companies sharpen data edge to win q-comm race

India’s logistics firms are expanding their data and intelligence offerings as brands selling on quick-commerce platforms demand granular insights to manage inventory and reduce costs.

time to read

2 mins

June 12, 2026

Mint Hyderabad

Aegis upbeat outlook ignites stock, but execution is the key

The Aegis Logistics Ltd stock has risen 18% in two days. It hit a new 52-week high of 3960 on Thursday. Investors seem to be taking comfort from management’s upbeat outlook during the Q4FY26 earnings call on Tuesday.

time to read

1 mins

June 12, 2026

Mint Hyderabad

India should not lose sight of the bigger challenges it is up against

Impressive GDP growth masks a crisis of weak incomes that must be tackled for better outcomes

time to read

3 mins

June 12, 2026

Mint Hyderabad

Mint Hyderabad

Airlines trim capacity as costs climb

India’s aviation boom is losing altitude. Capacity across several of the country’s busiest airports and air routes weakened between April and June as airlines flew fewer planes amid rising costs and operational disruptions linked to the war in West Asia, weighing on a market that had enjoyed years of strong post-pandemic growth.

time to read

1 mins

June 12, 2026

Listen

Translate

Share

-
+

Change font size