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
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.
Dit verhaal komt uit de January 23, 2025-editie van Mint Hyderabad.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
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.
4 mins
June 12, 2026
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.
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.
3 mins
June 12, 2026
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.
2 mins
June 12, 2026
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%
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
3 mins
June 12, 2026
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.
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.
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
3 mins
June 12, 2026
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.
1 mins
June 12, 2026
Listen
Translate
Change font size

