DPIIT, Primus Partners Pvt. Ltd. ink MoU to bolster startup ecosystem (See 'Corp Brief') PBPT Act - a land sale is indeed a benami transaction, where payment is made by beneficial owner for future benefit of her family, while land is registered in name of somebody else: SAFEMA Tribunal (See 'Legal Desk') DPIIT, Kotak Mahindra Bank ink MoU to enhance financial & non-financial support for startups (See 'Corp Brief') IBC/RTI - CPIO not required to generate, interpret, or explain records; appeal against FAA's order is not tenable where all relevant information is provided: IBBI (See 'Legal Desk') Centre plans inspection drives and field verification to ensure compliance (See 'Corp Brief') India continues to rank 3rd in Annual Forest Gain (See 'Corp Brief') RERA - Promoters are mandatorily required to comply with statutory condition of pre-deposit u/s 43(5) of Real Estate (Regulation and Development) Act, 2016 before appeal can be entertained: HC (See 'Legal Desk') Government intervention and Corporate governance (See CORP EINSICHT) Prof Sood launched 'AI Playbooks for Agriculture and SMEs' (See 'Corp Brief') SARFAESI - Once scheme of arrangement is sanctioned in particular manner and is acted upon, it is no longer permissible for secured creditor to resile therefrom unilaterally: HC (See 'Legal Desk') CCI nod to Setu AIF Trust to acquire stakes in Edelweiss Asset & Edelweiss Trusteeship (See 'Corp Brief') IPR - Mere adoption of product-by-process format would not result in novel product being downgraded to Section 48(b) of Patent Act: HC (See 'Legal Desk') CSIR hosts Capacity Building Workshop for Dissemination of Indian Knowledge System (See 'Corp Brief') Competition Act - issues pertaining to unauthorized business operations, public health & regulatory violations, not demonstrating any anti-competitive agreement or concerted action u/s 3 of the Act, cannot be looked into by CCI: CCI (See 'Legal Desk') 12 lakh Railway Employees working Day and Night during Festive Season: Vaishnaw (See 'Corp Brief') A&C - Restrictions contained in Code of Civil Procedure apply even in cases relating to enforcement of foreign arbitral awards: HC (See 'Legal Desk') Ministry of Mines introduces Timelines to Fast-track Operationalisation of Auctioned Blocks (See 'Corp Brief') RTI/IBC - Mechanism of the RTI Act cannot be commandeered for grievance redressal, policy suggestions, or compelling interpretations of prior responses: IBBI (See 'Legal Desk') Supreme Court Restores JSW's Resolution Plan in Bhushan Power Case: A Pragmatic Turn in IBC Jurisprudence (See CORP EINSICHT ) BSNL turns profitable after 18 Years: Scindia (See 'Corp Brief') IBC - Withdrawal of CIRP cannot be permitted merely on the basis of a unilateral settlement with one minor creditor, particularly when other bigger Financial Creditors oppose it: NCLT (See 'Legal Desk') Chouhan to meet Ministers of 11 Ministries for 'Pradhan Mantri Dhan-Dhaanya Krishi Yojana' (See 'Corp Brief') SEBI - PayTM founder held guilty of circumventing SEBI regulations to unlawfully grant ESOPs to self and brother by mis-representing promoter status and control - contravened disclosure & eligibility norms of SEBI - barred from accepting ESOPs for three-year period: SEBI (See 'Legal Desk') NITI Aayog's Women Entrepreneurship Platform and DP World launch 'We Rise' initiative (See 'Corp Brief') A&C - Mere pendency of formal signature by one party, when other party has signed agreement after reading its terms including arbitration clause, does not prevent parties from being referred to arbitration: HC (See 'Legal Desk') MoS unveils Curtain Raiser for 4-day India International Science Festival (See 'Corp Brief') PMLA - Secured creditor such as finance company not left without remedy, where properties acquired even prior to scheduled offence period are attached as value equivalent: SAFEMA Tribunal (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