Slashdot Mirror

New submitter mirandakatz writes: Since India's prime minister banned 86 percent of the rupee notes in circulation last month, citizens have been waiting in hours-long lines for ATMs. But these circumstances have also created an unexpected progression: a burgeoning cashless economy. At Backchannel, Lauren Razavi explores how India is now beating many Western countries in adopting mobile payments, and how demonetization has triggered a radical shift toward reimagining India's enormous informal economy as a data-driven digital marketplace. From the report: "Before last month, Paytm, a mobile app that allows users to pay for everything from pizza to utility bills, saw steady business -- it was processing between 2.5 and 3 million transactions a day. Now, usage of the app has close to doubled. 6 million transactions a day is common; 5 million is considered a bad day. Rather than being forced to idle away time in excruciatingly long lines, 'people are proactively exploring other ways to settle payments besides cash,' says Deepak Abbot, senior vice president at Paytm. 'Now people are realizing they don't need to really line up, because merchants are starting to accept other forms of payment.' All of this has created a newfound system that practically incentives mobile payment. With so many people queuing up at banks every day -- and a lot of Indian bureaucracy to wade through in order to open a traditional bank account or line of credit -- the appeal of more convenient digital alternatives is easy to understand. According to a report in the Hindu Business Line, as many as 233 million unbanked people in India are skipping plastic and moving straight to digital transactions. 'Cash has lost its credibility and payments are no longer perceived in the same way,' says Upasana Taku, the cofounder of Indian mobile wallet company MobiKwik, which reported a 40 percent increase in downloads and a 7,000 percent increase in bank transfers since demonetization. 'There's chaos at the moment but also relief that India will now be an improved economy,' she says."

An anonymous reader cites a report on Climate Change News: India is on track to soar past a goal to deploy more than 100 gigawatts of solar power by 2022, the country's energy minister Piyush Goyal said on Monday. Speaking at the release of a 15-point action plan for the country's renewable sector, Goyal said he was now considering looking at "something more" for the fast-growing solar sector. "I think a new coal plant would give you costlier power than a solar plant," he said. "Of course there are challenges of 24/7 power. We accept all of that -- but we have been able to come up with a solar-based long term vision that is not subsidy based." In the past financial year, nearly 20GW of solar capacity has been approved by the government, with a further 14GW planned through 2016 according to the Union Budget.More details here. "I met this man in Meghalaya, who has a solar set-up for his homestay. He mentioned that only the initial setting up costs you much," Deepika Gumaste, a travel writer told Slashdot. "But once you have set it up, the operating costs are not much and more importantly, the environmental costs also go down. Good on your pockets too in the long run." It is worth pointing out that India is currently among the handful of nations that is increasing its coal consumption, according to a Guardian report from late last year. Also see: India aims to become 100% electric vehicle nation by 2030.

pigrabbitbear writes "Areva, the French nuclear fuel company, helps supply Japan with a lot of its juice. And Areva's chief executive says that Japan is going to restart up to six reactors by the end of the year. Eventually, it's going to power up at least two thirds of them. Japan's prime minister Shinzo Abe has been a little cagey, but he recently told the press that yes, despite the upcoming March 11th anniversary of the Fukushima crisis, the nuke plants are coming back online." Supposedly, they are overhauling their nuclear regulatory agencies to fix the massive failure and regulatory capture that led to Fukushima being run unsafely. They are also not going to restart reactors that are on active fault lines; this includes the largest reactor complex in the world. Vaguely related, the Vogtle plant expansion in the U.S. is running a bit over budget, with folks like the Sierra Club seizing the chance to call for an end to construction (unlikely, since Georgia Power says it'd cost customers more, even pretending natural gas is infinite and will always be cheap, to halt construction in favor of any other kind of power plant), and legislators aiming to 'protect' customers from cost overruns. However, it looks like unless action is taken the nuclear renaissance is already dead due to the inherent short-sightedness of the "free market."

theodp writes "ZDNet reports that Secretary of State Hillary Clinton's office issued a fact sheet during her visit to India confirming that the U.S. and India will be working together to develop an open source version of the Data.gov project, which was launched in 2009 by off-to-Harvard Federal CIO Vivek Kundra to serve as a central repository of data collected by the US government. The Hindu Business Line notes that Clinton was also pressed to exempt Indian techies in the States on H-1B or L1 visas from U.S. social security taxes, an exemption that, if granted, could reportedly result in savings of at least a billion dollars for the country's software industry."

gauharjk writes "India's Department of Telecommunications has been asked by the government to serve a notice to Skype and Research In Motion to ensure that their email and other data services comply with formats that can be read by security and intelligence agencies, or face a ban in India if they do not comply within 15 days. A similar notice is also being sent to Google, asking it to provide access to content on Gmail in a readable format."

An anonymous reader writes "The Register reports that the Chinese government is forcing vendors to cough up the source code to their encryption alogrithms before they can sell their equipment to the Chinese government. The EU doesn't seem to like it, but if I were in their position I'd want the same thing." China's biggest neighbor goes further; another anonymous reader writes "Telco equipment from China could have spyware that gives access to telcom networks in India. The Indian government has officially told mobile operators not to import any equipment manufactured by Chinese vendors, including Huawei and ZTE. The ban order follows concerns raised by the Home Ministry that telecom equipment from some countries could have spyware or malware that gives intelligence agencies across the border access to telecom networks in India. The biggest gainers from the move could be Ericsson, Nokia, and Siemens, which have been losing market share to aggressive Chinese equipment-makers in India."

theodp writes "Ready for one-automobile-per-child (OAPC)? India's giant Tata Group is on the verge of launching the world's cheapest car. The People's Car, slated to be unveiled January 10th at a New Delhi auto show, will carry a sticker price of 100,000 rupees ($2,500), which some analysts say could revolutionize automobile costs worldwide. The Tata is a pet project of Cornell-trained architect Ratan Tata, who helped design it. The vehicle is aimed at improving driving safety by getting India's masses off their motorbikes and into cars."