'Indian Internet users to surpass US in 2014'

August 12, 2014

New Delhi, Aug 12: Indian Internet users will surpass the number in the US by the end of this year and around 500 million people will be online by 2018, Rajan Anandan, managing director, Google India said here Tuesday.internet india

"Even at the current growth rate, we will have 500 million Indians on the Internet by 2018. By the end of this year, India will become larger than the US in terms of number of Internet users. By 2018, India will have twice the number of Internet users as the US does. Almost half the country will be connected through the Internet," he said while addressing "Digitizing India" organised by FICCI Ladies Organisation.

He mentioned that it took the country 10 years to go from 10 million Internet users to 100 million Internet users. Now the country is adding five million new Internet users every month. India now has over 200 million Internet users.

"A lot of people talk about the last elections (2014 general elections) and how urban India was mobilised using the Internet. We have seen nothing yet in terms of what the Internet can do to every aspect of life, of society and of governance. By the next elections (expected in 2019) almost half a billion Indians will be connected through Internet. In terms of the kind of mobilisation, can you imagine what it can do?"

He mentioned that the path of purchase has changed in India and people are increasingly using online platform for retail purchase.

Talking about the next big technology wave in the world, he said wearable gadgets are expected to take four years to reach a billion consumers.

"Everything is getting accelerated with technology. Every new wave of technology has taken half as long as the previous technology. The next big thing will take half the time taken by smartphones," he said.

Smartphones took eight years to reach a billion consumers. "The future is here. Wearable devices are the next big thing. It is taking on computing. All these wearable devices will penetrate across the world very fast, and with it technology will get better and better," he added.

He also mentioned that software will impact traditional industries in a big way in the coming days. "Like the automotive industry has not changed much in the last 50 years. The next big thing that could happen is the driverless car. In the next 20 years, in our lifetime, software can do anything," Anandan said.

He pointed out that consumers are now connected through numerous devices like television, notebooks, laptops, smartphones and wearable devices as well.

In 2014, 2.8 billion people in the world out of seven billion are connected through the Internet. By 2020, it is expected that five billion people will be using the Internet.

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News Network
February 28,2020

Feb 28: National oil marketer Indian Oil Corporation (IOC) on Friday said it is ready to supply low emission BS-VI fuels from April 1 and that there will be a marginal increase in retail prices.

The largest oil supplier has spent over Rs 17,000 crore to upgrade its refineries to produce the low-sulfur diesel and petrol, the company's chairman Sanjiv Singh told reporters here.

Without disclosing the quantum of price increase, Singh said, “there will definitely be a marginal increase in retail prices of the fuels from April 1 when the whole country will be run on new fuels, which will have a sulphur content of only 10 parts per million (ppm) as against the present 50 ppm.

“But let me assure you, we will not be burdening the consumers with a steep hike,” Singh said.

He said, state-run oil marketing companies (OMCs) have invested Rs 35,000 crore to upgrade their refineries, of which Rs 17,000 crore have been spent by IOC alone.

Earlier this week, the sell-off bound BPCL said it had invested around Rs 7,000 crore for the same. ONGC-run HPCL has not so far disclosed its readiness for BS-VI supplies or its capex on the same.

HPCL had said from February 26-27 it was ready with BS-VI fuels and that it would sell only the new fuels from March 1.

IOC switched to BS-VI fuel production a fortnight ago and all its depots and containers are ready now, Singh said.

However, he said some remote locations, where the intake is very low, will take some more time to switch. But the company is planning to drain out the entire BS-IV stock and replenish the new fuels at such locations, he added.

Further, it has been reported that the companies will have to increase prices by 70-120 paise a litre, but Singh said, to arrive such a weighted average is not possible given the complexities of each refinery.

He, however, asserted that the price hike will not be a burden on consumers.

We are not looking at this investment from a pure return on investment basis, but this is a national mandate and we have done it.

Having said that, all those countries that moved to low emission fuels are charging higher prices; and from April 1, our prices will also be benchmarked against Euro VI prices as against the present practice of the cost-plus model, Singh concluded.

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February 5,2020

New Delhi, Feb 5: Union Home Minister Amit Shah on Tuesday announced that the Shri Ram Janmabhoomi Teertha Kshetra, set up by the government for construction of a temple in Ayodhya, will have 15 trustees and one of them will be from the Dalit community.

The statement comes a little over an hour after Prime Minister Narendra Modi announced in Lok Sabha about the constitution of the trust.

"There will be 15 trustees in the Shri Ram Janmabhoomi Teertha Kshetra Trust out of which one trustee will always be from the Dalit society," he tweeted.

Shah congratulated Modi "for such an unprecedented decision" that strengthens social harmony.

The home minister said the trust will be independent to take every decision related to the temple and 67 acres of land will be transferred to it.

"I fully believe that the waiting of millions of people for centuries will be over soon and they will be able to pay obeisance to Lord Shri Ram in his grand temple at his birthplace," he said.

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May 6,2020

May 6:The Congress on Wednesday said it is "economically anti-national" to fleece Indians of Rs 1.4 lakh crore by raising taxes on petrol and diesel, and urged the Centre to share 75 per cent of this revenue with states so that people are not burdened.

Congress chief spokesperson Randeep Surjewala said when the entire country is fighting the COVID-19 pandemic and its poor, including migrants, shopkeepers and small businessmen, were virtually penniless, the government of India was "fleecing" 130 crore Indians by insurmountably raising prices of petrol and diesel.

"To fleece people of India in this fashion is economically anti-national," he told reporters at a press conference through video conferencing.

Surjewala alleged that the manner in which "illegally and forcibly" this recovery is being made is "inhumane, cruel and insensitive".

"The government should transfer 75 per cent of this money so collected through raise in taxes to states. This will ensure there is no further burden on people of India, by way of more taxes on petroleum products by states," he said.

He said the issue was discussed at a meeting of the chief ministers of Congress-ruled states with party president Sonia Gandhi, where everyone besides former prime minister Manmohan Singh and Congress leader Rahul Gandhi expressed deep concerns.

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