Modi govt pursuing bold strategies for universal Internet access by 2022: Ajit Pai

Agencies
June 13, 2019

Washington, Jun 13: India is pursuing bold strategies to achieve the ambitious goal of universal Internet access by 2022, a top American official has said, highlighting the challenges in building broadband networks in rural areas.

"I commend Prime Minister Modi and the Indian government for their ambitious goals of universal Internet access by 2022 and fixed broadband access to 50 per cent of households by 2022," Federal Communications Commission Chairman Ajit Pai said at the India Ideas summit of US-India Business Council here on Wednesday.

"To meet these targets, they're pursuing bold strategies such as installing two million public Wi-Fi hotspots in rural areas and redesigning and expanding the Universal Service Obligation Fund, he said.

Pai said despite the good news, millions of Indians and Americans still live in rural areas where there is currently no case for the private sector alone to build broadband networks.

"As is the case in parts of Assam, Uttarakhand, and Karnataka, we have communities in Alaska, Utah, and Kansas that don't have access," he said.

To connect these communities, FCC's Universal Service Fund provides federal subsidies to private carriers to leverage additional investment. The US has begun allocating some of this support by using a reverse auction, which harnesses market forces and a diverse array of technologies to maximise the impact and efficiency of this investment, he said.

Just this week, FCC authorised USD167 million in universal service subsidies to connect 60,000 unserved rural homes and businesses in some of the hardest-to-connect corners of the US. "Obviously, India's connectivity challenges are significantly different in nature and scale," Pai said.

Observing that 5G could be transformative, enabling things like telemedicine and precision agriculture, automotive safety and gaming, industrial IoT and other breakthroughs that one can't even conceive today, Pai said one of their top priorities is to protect the security and integrity of the communications supply chain.

That's why the FCC has proposed to prohibit the use of the broadband funding we administer to purchase equipment or services from any company that poses a national security threat to the integrity of United States communications networks or the communications supply chain, he said.

That's why the FCC denied the application of China Mobile USA, a wireless carrier ultimately owned by the Chinese government, to provide international telecommunications services in the United States, he said.

When making decisions that impact 5G security, in particular, one needs to remember that the implications are wide-ranging. 5G will affect militaries, industries, critical infrastructure, and much more. The procurement and deployment decisions made now will have a generational impact on the country's security, economy, and society.

When it comes to 5G, we cannot afford to make risky choices and just hope for the best. We must see clearly the threats to the security of our networks and act to address them. And the more that allies like the United States and India can work together and make security decisions based on shared principles, the safer that our 5G networks will be, Pai said.

Pai said he is looking forward to working with Indian and American business communities in the days ahead to connect, to propel, and to secure the digital future of the United States and India two strong allies and two good friends.

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Agencies
June 2,2020

Singapore, Jun 2: Moody's Investors Service on Tuesday downgraded 11 Indian banks along with as many non-financial companies and infrastructure majors besides four government-related issuers following a downgrade of the Indian government's issuer rating to Baa3 from Baa2 with a negative outlook.

The rapid and widening spread of the coronavirus outbreak, deteriorating global economic outlook, volatile oil prices and asset price declines are creating a severe and extensive credit shock across many sectors, regions and markets, said Moody's.

The Indian banking sector has been affected given the disruptions to India's economic activity from the coronavirus outbreak, which is weakening borrowers' credit profiles, it added.

The 11 lenders include Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Export-Import Bank of India, HDFC Bank, Indian Overseas Bank, IndusInd Bank, Punjab National Bank, State Bank of India and Union Bank of India.

The 11 non-finance companies are Oil and Natural Gas Corporation, Hindustan Petroleum Corporation, Oil India, Indian Oil Corporation, Bharat Petroleum Corporation, Petronet LNG, Tata Consultancy Services, Infosys, Reliance Industries, UPL Corporation and Genpact.

The 11 infrastructure companies are NTPC, NHPC, National Highways Authority of India, Power Grid Corporation, Gail India, Adani Green Energy Restricted Group (RG-2), Adani Transmission Restricted Group, Adani Ports and Special Economic Zone, Adani Transmission, Adani Electricity Mumbai and Azure Power Solar Energy.

The four Indian government-related issuers are Indian Railway Finance Corporation, Housing and Urban Development Corporation, Power Finance Corporation and REC Ltd.

"Government-related issuers in India have been affected because of disruptions to India's economy which will weaken borrowers' credit profiles," said Moody's.

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News Network
July 11,2020

New Delhi, Jul 11: India's COVID-19 case count crossed the eight lakh-mark on Saturday with yet another highest single-day spike of 27,114 new cases in the last 24 hours.

As many as 519 deaths were reported during this period.

The total number of positive cases in the country stands at 8,20,916, including 2,83,407 active cases, 5,15,386 cured/discharged/migrated and 22,123 deaths, according to the Ministry of Health and Family Welfare.

With as many as 2,38,461 COVID-19 cases, Maharashtra continues to remain the worst-affected state, followed by Tamil Nadu (1,30,261) and Delhi (1,09,140).

Meanwhile, 1,13,07,002 samples have been tested for COVID-19 till July 10. Out of these 2,82,511 samples were tested yesterday, according to the Indian Council of Medical Research (ICMR).

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News Network
July 10,2020

New Delhi, Jul 10: With the highest single-day spike of 26,506 COVID-19 cases and 475 deaths reported in the last 24 hours, the total number of COVID-19 cases in India reached 7,93,802 on Friday, according to the Union Ministry of Health and Family Welfare.

Out of the total number of cases, 2,76,685 are active, 4,95,513 have been cured/discharged/migrated and 21,604 have died so far due to the infection.

With as many as 2,30,599 COVID-19 cases, Maharashtra continues to remain the worst-affected state, followed by Tamil Nadu (1,26,581) and Delhi (1,07,051).

Meanwhile, 2,83,659 samples were tested for coronavirus on Thursday, taking the total number of samples tested up to July 9 to 1,10,24,491, according to the Indian Council of Medical Research (ICMR).

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