#FactCheck - Viral Claim of Highway in J&K Proven Misleading

Introduction

Google India announced sachet loans on the Google Pay application to help small businesses in the country. Google India said that merchants in India often need smaller loans, hence, the tech giant launched sachet loans on the Gpay application. The company will provide loans to small businesses, which can be repaid in easier repayment instalments. To provide the load services, Google Pay has partnered with DMI Finance. This move comes at the Google for India, 2023, the flagship event to launch the Indian interventions planned by the big tech. 

What is a Sachet Loan? 

The loan system is the primary backbone of the global banking system. Since we have seen a massive transition towards the digital mode of transactions and banking operations, many online platforms have emerged. With the advent of QR codes, the Unified Payment Interface (UPI) has been rampantly used by Indians for making small or petty payments. Seeing this, Sachet loans made an advent as well, Sachet loans are essentially small-ticket loans ranging from Rs 10,000 to Rs 1 lakh, with repayment tenures between 7 days and 12 months. This nano-credit addresses immediate financial needs and is designed for swift approval and disbursement. Satchel loans are one of the most sought-after loan forms in the Western world. The ease of accessibility and easy repayment options have made it a successful form of money lending, which in turn has sparked the interest of the tech giant Google to execute similar operations in India. 

Google Pay

Pertaining to the fact that UPI payments are the most preferred form of online payment, google came out with GPay in 2013 and now enjoys a user base of 67 million Indians. Google Pay has a 36.10% mobile application market share in India, and 26% of the UPI payments made have been through Google Pay. Google Pay adoption for in-store payments in India was higher in 2023 than it was in early 2019, signalling a growing use among consumers. The numbers shown here refer to the share of respondents who indicated they used Google Pay in the last 12 months, either for POS transactions with a mobile device in stores and restaurants or for online shopping. Eight out of 10 respondents from India indicated they had used Google Pay in a POS setting between April 2022 and March 2023, with an additional seven out of 10 saying they used Google Pay during this same time for online payments.

Pertaining to the Indian spectrum, the following aspects should be kept into consideration: 

• PhonePe, Google Pay and Paytm accounted for nearly 96% of all UPI transactions by value in March
• PhonePe remained the top UPI app, processing 407.63 Cr transactions worth INR 7.07 Lakh Cr
• While Google Pay and Paytm retained second and third positions, respectively, Amazon Pay pushed CRED to the fifth spot in terms of the number of transactions
• Walmart-owned PhonePe, Google Pay and Paytm continued their dominance in India’s UPI payments space, together processing 94% of payments in March 2023.
• According to data from the National Payments Corporation of India (NPCI), the top three apps accounted for nearly 96% of all UPI transactions by value. This translates to about 841.91 Cr transactions worth INR 13.44 Lakh Cr between the three apps.

Conclusion

The big tech giant Google.org has been fundamental in creating and provisioning best-in-class services which are easily accessible to all the netizens. Satchel loans are the new services introduced by the platform and the widespread access of Gpay will go a long way in providing financial services and ease to the deprived and needy lot of the Indian population. This transition can also be seen by other payment portals like Paypal and Paytm, which clearly shows India's massive potential in leading the world of online banking and UPI transactions. As per stats, 40% of global online banking transactions take place in India. These aspects, coupled with the cores of Digital India and Make in India, clearly show how India is the global destination for investment in the current era.  

References

• https://www.livemint.com/companies/news/google-enters-retail-loan-business-in-india-11697697999246.html
• https://www.statista.com/statistics/1389649/google-pay-adoption-in-india/#:~:text=Eight%20out%20of%2010%20respondents,same%20time%20for%20online%20payments
• https://playtoday.co/blog/stats/google-pay-statistics/#:~:text=67%20million%20active%20users%20of%20Google%20Pay%20are%20in%20India.&text=Google%20Pay%20users%20in%20India,in%2Dstore%20and%20online%20purchases.
• https://inc42.com/buzz/phonepe-google-pay-paytm-process-94-of-upi-transactions-march-2023/

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Introduction

Rajeev Chandrasekhar, the Union minister of state for information technology (IT), said that the Global Partnership on Artificial Intelligence (GPAI) Summit, which brings together 29 member governments, including the European Union, announced on 13th December 2023 that the New Delhi Declaration had been adopted. The proclamation committed to developing AI applications for medical treatment and agribusiness jointly and taking the needs of the Global South into account when developing AI.

In addition, signing countries committed to leveraging the GPAI infrastructure to establish a worldwide structure for AI safety and trust, as well as to make AI advantages and approaches accessible to all. In order to complete the recommended structure in six months, India also submitted a proposal to host the GPAI Global Governance Summit.

“The New Delhi Declaration, which aims to place GPAI at the forefront of defining the future of AI in terms of both development and building cooperative AI across the partner states, has been unanimously endorsed by 29 GPAI member countries. Nations have come to an agreement to develop AI applications in healthcare, agriculture, and numerous other fields that affect all of our nations and citizens,” Chandrasekhar stated.

The statement highlights GPAI's critical role in tackling modern AI difficulties, such as generative AI, through submitted AI projects meant to maximize benefits and minimize related risks while solving community problems and worldwide difficulties.

GPAI

Global Partnership on Artificial Intelligence (GPAI) is an organisation of 29 countries from the Americas (North and South), Europe and Asia. It has important players such as the US, France, Japan and India, but it excludes China. The previous meeting took place in Japan. In 2024, India will preside over GPAI.

In order to promote and steer the responsible implementation of artificial intelligence based on human rights, multiculturalism, gender equality, innovation, economic growth, the surroundings, and social impact, this forum was established in 2020. Its goal is to bring together elected officials and experts in order to make tangible contributions to the 2030 Agenda and the UN Sustainable Development Goals (SDGs). 

Given the quick and significant advancements in artificial intelligence over the previous year, the meeting in New Delhi attracted particular attention. They have sparked worries about its misuse as well as enthusiasm about its possible advantages.

The Summit

The G20 summit, which India hosted in September 2023, provided an atmosphere for the discussions at the GPAI summit. There, participants of this esteemed worldwide economic conference came to an agreement on how to safely use AI for "Good and for All."

In order to safeguard people's freedoms and security, member governments pledged to address AI-related issues "in a responsible, inclusive, and human-centric manner."

The key tactic devised is to distribute AI's advantages fairly while reducing its hazards. Promoting international collaboration and discourse on global management for AI is the first step toward accomplishing this goal. 

A major milestone in that approach was the GPAI summit.

The conversation on AI was started by India's Prime Minister Narendra Modi, who is undoubtedly one of the most tech-aware and tech-conscious international authorities.

He noted that every system needs to be revolutionary, honest, and trustworthy in order to be sustained.

"There is no doubt that AI is transformative, but it is up to us to make it more and more transparent." He continued by saying that when associated social, ethical, and financial concerns are appropriately addressed, trust will increase.

After extensive discussions, the summit attendees decided on a strategy to establish global collaboration on a number of AI-related issues. The proclamation pledged to place GPAI at the leading edge of defining AI in terms of creativity and cooperation while expanding possibilities for AI in healthcare, agriculture, and other areas of interest, according to Union Minister Rajeev Chandrasekhar.

There was an open discussion of a number of issues, including disinformation, joblessness and bias, protection of sensitive information, and violations of human rights. The participants reaffirmed their dedication to fostering dependable, safe, and secure AI within their respective domains.

Concerns raised by AI

• The issue of legislation comes first. There are now three methods in use. In order to best promote inventiveness, the UK government takes a "less is more" approach to regulation. Conversely, the European Union (EU) is taking a strong stance, planning to propose a new Artificial Intelligence Act that might categorize AI 'in accordance with use-case situations based essentially on the degree of interference and vulnerability'.
• Second, analysts say that India has the potential to lead the world in discussions about AI. For example, India has an advantage when it comes to AI discussions because of its personnel, educational system, technological stack, and populace, according to Markham Erickson of Google's Centers for Excellence. However, he voiced the hope that Indian regulations will be “interoperable” with those of other countries in order to maximize the benefits for small and medium-sized enterprises in the nation.
• Third, there is a general fear about how AI will affect jobs, just as there was in the early years of the Internet's development. Most people appear to agree that while many jobs won't be impacted, certain jobs might be lost as artificial intelligence develops and gets smarter. According to Erickson, the solution to the new circumstances is to create "a more AI-skilled workforce." 
• Finally, a major concern relates to deepfakes defined as 'digital media, video, audio and images, edited and manipulated, using Artificial Intelligence (AI).'

Need for AI Strategy in Commercial Businesses

Firstly, astute or mobile corporate executives such as Shailendra Singh, managing director of Peak XV Partners, feel that all organisations must now have 'an AI strategy'.

Second, it is now impossible to isolate the influence of digital technology and artificial intelligence from the study of international relations (IR), foreign policy, and diplomacy. Academics have been contemplating and penning works of "the geopolitics of AI."

Combat Strategies

"We will talk about how to combine OECD capabilities to maximize our capacity to develop the finest approaches to the application and management of AI for the benefit of our people. The French Minister of Digital Transition and Telecommunications", Jean-Noël Barrot, informed reporters. 

Vice-Minister of International Affairs for Japan's Ministry of Internal Affairs and Communications Hiroshi Yoshida stated, "We particularly think GPAI should be more inclusive so that we encourage more developing countries to join." Mr Chandrasekhar stated, "Inclusion of lower and middle-income countries is absolutely core to the GPAI mission," and added that Senegal has become a member of the steering group.

India's role in integrating agribusiness into the AI agenda was covered in a paragraph. The proclamation states, "We embrace the use of AI innovation in supporting sustainable agriculture as a new thematic priority for GPAI."

Conclusion

The New Delhi Declaration, which was adopted at the GPAI Summit, highlights the cooperative determination of 29 member nations to use AI for the benefit of all people. GPAI, which will be led by India in 2024, intends to influence AI research with an emphasis on healthcare, agriculture, and resolving ethical issues. Prime Minister Narendra Modi stressed the need to use AI responsibly and build clarity and confidence. Legislative concerns, India's potential for leadership, employment effects, and the difficulty of deepfakes were noted. The conference emphasized the importance of having an AI strategy in enterprises and covered battle tactics, with a focus on GPAI's objective, which includes tolerance for developing nations. Taken as a whole, the summit presents GPAI as an essential tool for navigating the rapidly changing AI field.

References

• https://www.thehindu.com/news/national/ai-summit-adopts-new-delhi-declaration-on-inclusiveness-collaboration/article67635398.ece
• https://www.livemint.com/news/india/gpai-meet-adopts-new-delhi-ai-declaration-11702487342900.html
• https://startup.outlookindia.com/sector/policy/global-partnership-on-ai-member-nations-unanimously-adopt-new-delhi-declaration-news-10065
• https://gpai.ai/

Introduction

Union Minister of State for Electronics and IT, Rajeev Chandrasekhar, announced that rules for the Digital Personal Data Protection (DPDP) Act are expected to be released by the end of January. The rules will be subject to a month-long consultation process, but their notification may be delayed until after the general elections in April-May 2024. Chandrasekhar mentioned changes to the current IT regulations would be made in the next few days to address the problem of deepfakes on social networking sites.

The government has observed a varied response from platforms regarding advisory measures on deepfakes, leading to the decision to enforce more specific rules. During the Digital India Dialogue, platforms were made aware of existing provisions and the consequences of non-compliance. An advisory was issued, and new amended IT rules will be released if satisfaction with compliance is not achieved.

When Sachin Tendulkar reported a deepfake on a site where he was seen endorsing a gaming application, it raised concerns about the exploitation of deepfakes. Tendulkar urged the reporting of such incidents and underlined the need for social media companies to be watchful, receptive to grievances, and quick to address disinformation and deepfakes.

The DPDP Act, 2023

The Digital Personal Data Protection Act (DPDP) 2023 is a brand-new framework for digital personal data protection that aims to protect individuals' digital personal data. The act ensures compliance by the platforms collecting personal data. The act aims to provide consent-based data collection techniques. DPDP Act 2023 is an important step toward protecting individual privacy. The Act, which requires express consent for the acquisition, administration, and processing of personal data, seeks to guarantee that organisations follow the stated objective for which user consent was granted. This proactive strategy coincides with global data protection trends and demonstrates India's commitment to safeguarding user information in the digital era.

Amendments to IT rules

Minister Chandrasekhar declared that existing IT regulations would be amended in order to combat the rising problem of deepfakes and disinformation on social media platforms. These adjustments, which will be published over the next few days, are primarily aimed at countering widespread of false information and deepfake. The decision follows a range of responses from platforms to deepfake recommendations made during Digital India Dialogues.

The government's stance: blocking non-compliant platforms

Minister Chandrasekhar reaffirmed the government's commitment to enforcing the updated guidelines. If platforms fail to follow compliance, the government may consider banning them. This severe position demonstrates the government's commitment to safeguarding Indian residents from the possible harm caused by false information.

Empowering Users with Education and Awareness

In addition to the upcoming DPDP Act Rules/recommendations and IT regulation changes, the government recognises the critical role that user education plays in establishing a robust digital environment. Minister Rajeev Chandrasekhar emphasised the necessity for comprehensive awareness programs to educate individuals about their digital rights and the need to protect personal information.

These instructional programs seek to equip users to make informed decisions about giving consent to their data. By developing a culture of digital literacy, the government hopes to guarantee that citizens have the information to safeguard themselves in an increasingly linked digital environment.

Balancing Innovation with User Protection

As India continues to explore its digital frontier, the junction of technology innovation and user safety remains a difficult balance. The upcoming Rules on the DPDP Act and modifications to existing IT rules represent the government's proactive efforts to build a strong framework that supports innovation while protecting user privacy and combating disinformation. Recognising the changing nature of the digital world, the government is actively participating in continuing discussions with stakeholders such as industry professionals, academia, and civil society. These conversations promote a collaborative approach to policy creation, ensuring that legislation is adaptable to the changing nature of cyber risks and technology breakthroughs. Such inclusive talks demonstrate the government's dedication to transparent and participatory governance, in which many viewpoints contribute to the creation of effective and nuanced policy. These advances reflect an important milestone in India's digital journey, as the country prepares to set a good example by creating responsible and safe digital ecosystems for its residents.

Reference : 

• https://economictimes.indiatimes.com/tech/technology/govt-may-release-personal-data-bill-rules-in-a-fortnight/articleshow/106162669.cms?from=mdr
• https://www.business-standard.com/india-news/dpdp-rules-expected-to-be-released-by-end-of-the-month-mos-chandrasekhar-124011600679_1.html 

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