The leaders of the two countries — India’s Prime Minister Narendra Modi and Finland’s Prime Minister Sanna Marin — held a virtual discussion on Tuesday, where they also announced a partnership over science, technology and education, among other areas.
Ravi Shankar Prasad, however, said that the government has released guidelines, under the IT Act that specifies the due diligence to be followed by all the intermediaries, including the social media intermediaries.
Tech giants such as Google and Twitter haven't commented on the new rules.
The strategy serves well at a time when OTT platforms' originals are under the scanner owing to multiple complaints against them.
"Undoubtedly, the environment is now conducive for overseas component manufacturers to shift their facilities to India. As the nation’s telecom sector stands poised to transition from 4G to 5G soon, the PLI scheme offers the right impetus by aiming to create a vibrant telecom manufacturing ecosystem," highlights Agarwal.
DPIIT is trying to iron out differences among ministries on setting up an e-commerce regulator. Some ministries have suggested that the Central Consumer Protection Authority under the consumer affairs ministry should take up the role.
Revival in economic activities and growing consumer demand has played a key role in the growth of information and communication technologies spending with enterprises changing focus and business models to deliver digital-first experiences.
The ByteDance move comes amid a global chip shortage, which began in the second half of last year but has worsened in recent months.
Big-Ticket movies are likely to eat into the margins of small-budget films, experts have said.
Founded in 2014, Vidooly was born as a result of the founders identifying the acceleration in consumption of videos on the internet and the need for an analytics solution.