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By leveraging the power of Decentralized Identifiers (DIDs) for secure communications, Infisign significantly reduces implementation costs for enterprises, offering potential savings of up to 80 per cent. This costeffective innovation has the potential to make a lasting impact on the cybersecurity landscape.

The global mobile wallet market is forecasted to expand at a stupendous CAGR of 22% from 2023 to 2033, according to the latest data provided by Fact.MR, is a provider of market research and competitive intelligence. As such, global demand for mobile wallets is estimated to reach a market value of USRs 1965 billion by the end of 2033.

While speaking at the national conclave on six years of GST organised by Assocham, he said that the number of registered taxpayers now stands at around 1.40 crore from 67.83 lakhs when goods and services tax (GST) started. The GST law which is completely homegrown has now stabilised.

A Nasscom report had last month said that the market size of India s GCCs is set to reach Rs60 billion from the current Rs46 billion, with the total number of GCCs crossing over 1,900 by 2025. While the IT industry as a whole currently employs about 5.4 million, according to Nasscom, GCCs employ about 1.66 million people.

The initiative aims to streamline document access, reduce paperwork, and enhance the digital ecosystem by leveraging DigiLocker s features. Users will be able to access and share these important documents anytime, anywhere, eliminating the need for physical copies and facilitating digital transactions.

The Digital Personal Data Protection Bill holds immense importance in the present digital landscape and it will solidify India s position as a global leading innovation hub, IT industry body Nasscom said on Thursday. It said that a bill that is techagnostic and caters to the dynamic digital ecosystem will help stimulate India s digital thought leadership globally.

The internet has given rise to various cyber threats, including hacking, data breaches, identity theft, and malware attacks. Cybercriminals exploit vulnerabilities in digital systems, compromising privacy, and causing financial and personal harm. India faces several challenges in the field of cybersecurity.

Attacks have spiked significantly in the past six months, said Amit Pradhan, India consulting leader for the cybersecurity firm Mandiant, which is owned by Alphabet Inc.’s Google Cloud. A breach at Suzuki Motorcycle India forced the company to halt production in May, and India’s largest drugmaker said in March a ransomware attack will have an impact on revenue.

16,989 GSTINs are found to be nonexistent. 11,015 GSTINs have been suspended and 4,972 have been cancelled, Priya said at Assochams National Conclave on GST. He further said tax evasion of Rs15,035 crore has been detected and Rs1,506 crore ITC has been blocked by tax officerssince May 16. Around Rs87 crore have been recovered.

Karnataka Chief Minister Siddaramaiah will present the state budget today i.e. July 7 at 12 pm, the first after Congress assumed power in the state. This would be Siddaramaiah’s seventh Budget as a chief minister.