CCI okays acquisition of paper & pulp manufacturing business of ABREL by ITC Ltd (See 'Corp Brief') CCI okays acquisition of equity stake in Logisteed Holdings, Ltd. by Japan Post Co., Ltd. (See 'Corp Brief') CCI nod to proposed combination involving acquisition of minority shareholding in DCX Global Limited by Coinbase Global Inc. (See 'Corp Brief') IBC - Compromise between bank and co-guarantor did not extinguish liability of other guarantors, who issued separate, enforceable undertakings: HC (See 'Legal Desk') Motor insurance complaints fall from 26.18% in FY 2023-24 to 24.8% in FY 2024-25 (See 'Corp Brief') DPIIT launches District Business Reform Action Plan (See 'Corp Brief') MoHUA holds Preparatory Workshop to Chart Roadmap for Clean Himalayan Hill Cities (See 'Corp Brief') IPR - Visage had made out strong prima facie case for protection; Freecia is restrained from copying packaging layout, ingredient descriptions, usage steps or using mark 'DERMOMELAN' until final disposal of suit: HC (See 'Legal Desk') BHEL hands over dividend cheque of Rs 109 cr to GoI (See 'Corp Brief') NESTS is organising 2nd EMRS Principals' Conclave on Effective Management of Schools (See 'Corp Brief') Govt has focused on further decriminalization to enhance Ease of Living and EODB: MoS (See 'Corp Brief') A&C - Post-insolvency commencement date claims that are not made part of Resolution Plan are not arbitrable: HC (See 'Legal Desk') Relentless execution transformed India's Energy Sector: Goyal (See 'Corp Brief') Over 8.45 crore subscribers enrolled under APY as on 30th Nov: MoS (See 'Corp Brief') Misc - It is duty of litigant to keep track of his own case, and he cannot shift entire burden on to shoulders of his counsel: HC (See 'Legal Desk') Rail Electrification boosts Efficiency, Cuts Diesel Consumption and Sets Global Benchmark (See 'Corp Brief') 53rd Edition of Fit India Sundays on Cycle dedicated to Vijay Diwas held in Goa (See 'Corp Brief') Scindia unveils 25-Foot Statue of Chhatrapati Shivaji Maharaj in Karnataka (See 'Corp Brief') PMLA - Secured creditor is entitled to stake its claim before liquidator as per Section 53 of IBC, qua immovable property, and same can be disposed of by liquidator as per law: SAFEMA (See 'Legal Desk') Mizoram gets its First Rail-Carried Cars (See 'Corp Brief') Minister highlighting rich craft traditions and their relevance to contemporary living (See 'Corp Brief') Scindia unveils Commemorative Postage Stamp on 150th anniversary of Bombay Gymkhana (See 'Corp Brief') SEBI - Request for unfreezing bank accounts based merely on value of securities in demat accounts, in absence of compliance with direction of Interim Order of depositing impounded gains in Escrow Account, cannot be accepted: SEBI (See 'Legal Desk') DoP, BSE sign MoU to expand Mutual Fund Access Across India (See 'Corp Brief') A&C - Difference or controversy as to rate of interest clearly falls outside scope of challenge on ground of conflict with public policy of India unless it is evident that rate of interest awarded is so perverse: SC (See 'Legal Desk') Cloud data centre capacity in India estimated to grow 4 to 5 times by 2030 (See 'Corp Brief') A & C - By awarding reimbursement for second regular meal & welcome drinks, arbitrator had created new contract between parties, amounting to breach of Sec 28(3), which is patently illegal and against public policy: SC (See 'Legal Desk') Scindia to address Gramin Dak Sevak Sammelan in Kolhapur (See 'Corp Brief') IBC - It is mandatory duty of RP to verify every claim received and maintain updated list of creditors with requisite details including amount admitted, claimed, and security interest: IBBI (See 'Legal Desk') Semicon India Program developing complete ecosystem for Semiconductors (See 'Corp Brief') PMLA - Secured creditor can stake its claim by moving application before Special Judge, PMLA Court, even before conclusion of trial, if excess amount is realised during auction sale: SAFEMA (See 'Legal Desk') NITI Aayog releases report on Deepening the Corporate Bond Market in India (See 'Corp Brief') IBC - Moratorium does not protect development rights under agreement that was validly terminated for corporate debtor's non-performance before initiation of insolvency proceedings: SC (See 'Legal Desk')

Quantum Computing to be at core of growth: MoS

Published: Jan 31, 2023

By TIOLCorplaws News Service

NEW DELHI, JAN 31, 2023: THE Minister of State for Electronics & Information Technology and Skill Development & Entrepreneurship, Rajeev Chandrasekhar yesterday said that Quantum Computing will be at the core of India's growth and expansion in India's Techade.

"It is PM Narendra Modi's vision to create a India centric Quantum tech ecosystem with partners and players around the world. We are working together to build an ecosystem of innovation, along with startups, R&D laboratories, higher education institutions. Quantum Computing will be at the core of the growth and expansion in India's Techade," Rajeev Chandrasekhar said, while virtually inaugurating a two-day Symposium on the Quantum Computing Ecosystem held at C-DAC, Pune.

The symposium aims to project India's capabilities in Quantum Computing. It aims to explore the technologies, systems and subsystems which make up the building blocks of quantum computers and bring about a synergy among key stakeholders to build a commercial scale Quantum Computer.

Rajeev Chandrasekhar spoke about the disruptive role of Quantum Computing and pointed out that it is going to be the next big idea that will disrupt technology in general and computing in particular.

"We need to really work together to build a complete quantum ecosystem of innovation, startups, research labs, higher academic institutions, domestic companies, foreign companies, foreign academics for creating an India centric Quantum Ecosystem that works very well with other partners and players around the world," the Minister said.

Emphasising that Technologies such as Quantum Computing will be at the core of country's economic expansion in the India decade, Rajeev Chandrasekhar said, "On one hand of the spectrum at the cutting edge we intend to build capabilities in quantum and high performance computing and on the other hand we want to build consumer products, digital products, devices and solutions and allow more digital empowerment of the 1.2 billion Indians who will be connected to the internet by 2025-2026."  

The Minister said the Hon. Prime Minister, Narendra Modi Ji's vision is to transition India from being a mere consumer of technology to being an architect and designer and producer of technology and spoke of how the Government has created an electronics manufacturing ecosystem from scratch in the past eight years-- making India a trusted partner in the global supply chain of electronics. 

This event was also attended by Alkesh Sharma, Secretary, MeitY, Bhuvnesh Kumar, Additional Secretary, MeitY, Prof. Barry Sanders, University of Calgary, Canada, Prof. Andrew Briggs, Oxford University & Chair QuantrolOx, UK, E. Magesh, DG, C-DAC, Sunita Verma, Group Coordinator, R&D in IT, MeitY, Dr. Ekta Kapoor, Head, FFT Division, DST, Dr. Preeti Banzal, Scientist 'G' and Adviser, PSA, GoI, Col. A.K. Nath (Retd.), Executive Director, Corporate Strategy and C-DAC, Pune, Dr. Anindita Banerjee, Adjunct Scientist, C-DAC R&D and senior scientists from research labs and industries from India, Israel, Netherlands, Switzerland, Finland and USA.

TIOL CORP SEARCH

TIOL GROUP WEBSITES