Gr8 Business Expansion Opportunity 'Team-up'
5G will prove a key turning point for our 'SmartCityHome.in' as its ability to handle a massive number of connections, high-speed connectivity, low-latency, better battery life.... will all create new potential services - physical, social, institutional and economic infrastructure.
5G is the 5th generation mobile network that enables connecting virtually everyone & everything together incl. machines, objects, and devices - it's an experience for better video calls, faster downloads and the ability to stream ultra high definition videos. The technology is pushing growth of video content creation in markets.
5G is said to pave the way for its application in building Smart Cities and Smart Homes. As Work-From-Home and Learning have moved online in a socially distanced world, higher internet speeds have become imperative for smooth interactions. In other words, 5G is better at handling simultaneous connections (heavy load), thereby giving real life to Jayesh Sodha's concept of 'SmartCityHome of India';
Visit: https://sites.google.com/view/smartcityhomein
Telecom operators specially Jio and Airtel in India have claimed that they're 5G ready & just waiting for the government to allocate them spectrum for the services. The telecom ministry has announced auction of spectrum worth Rs 3.92 lakh crore at base price.
Both Jio and Airtel are betting on O-RAN-based technology, which allows operators the choice to buy software and hardware from an array of vendors and integrate them rather than depend only on a few gear makers
The four key things required to power 5G services are: Auction of adequate spectrum in the 3500 and millimetre bands like 26-28 GHZ bands; a 5G devices ecosystem and their availability at affordable prices; cash flows with telcos to invest in the high speed network; and appropriate technology such as leveraging open radio networks (known as O-RAN) which will help reduce costs and allow for faster roll outs.
5G technology is moving on in India. Telcos are moving to standalone 5G networks that will enable machine-to-machine services, automation services, and remote robotic services which will be a future revenue source. Telcos are upgrading from 5G non-standalone (in which you can use the existing 4G core) which can offer higher speeds to power mobile broadband last mile connectivity in homes.
IRDAI advises all Insurance companies for issuance of Digital Insurance Policies via DigiLocker
The Insurance Regulatory and Development Authority of India (IRDAI), in a circular dated February 9, 2021, said, "In order to promote the adoption of Digilocker in the insurance sector, the Authority advises all insurers to enable their IT systems to interact with Digilocker facility to enable policyholders to use digilocker for preserving all their policy documents."
Press Release: https://www.pib.gov.in/Pressreleaseshare.aspx?PRID=1697372
What is Digilocker?
DigiLocker is a cloud-based document storage system of the Government of India. This facility is to store important documents such as PAN cards, mark sheets, insurance policies, certificates, driving licenses, etc. in the digital format. The benefit of this facility is that these documents can be accessed by the user or any government verifying authority as if these were physical documents submitted by the user. Each citizen can avail a cloud space of up to 1 GB for storing their documents on DigiLocker.
You can register on the DigiLocker with your mobile number and also register using Aadhaar number which is linked to the user's mobile number.
The fintech market in India was valued at Rs 1,920 billion in pre-Covid era and is expected to reach Rs 6,207 billion by 2025, expanding at a compound annual growth rate (CAGR) of about 22 per cent during the 2020-2025 period. Rajeev Shah, the RBSA Advisors MD said, "While the fintech industry is still in its early adoption stage, we believe it is well-positioned to witness long-term growth in the coming years. The changes will be more focused on digital lending (alternative finance) and open banking".
@MarketPower.in, we're committed to contribute in this India's growth story. We welcome M&A partners to adapt to our strong business model and grow 'together'.
Visit: https://sites.google.com/view/jayesh-sodha/ma/marketpower-in