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Top 10 stories of the week: April 24th to April 30th 2017

In no particular order, here are MediaNama’s top 10 stories of the week ended 30th April 2017

MediaNama would like to thank its sponsors: Adobe and E2E for their support.

#AadhaarLeaks: A list of Aadhaar data leaks

“Therefore, there is no data leak, there is no systematic problem, but, if any one tries to be smart, the law ignites into action.” – Ravi Shankar Prasad, IT Minister, in the Rajya Sabha, on 10th April 2017

This claim from the IT Minister is factually incorrect. As the list below indicates, there is a systemic problem, and there have been data leaks by government departments, and a Minister. Read it here

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Vodafone India will transfer 9.5% stake to Aditya Birla post merger

Vodafone India, which recently signed a merger deal with Idea Cellular will additionally sell a 9.5% stake to Aditya Birla, the promoters of Idea, according to the latest scheme of amalgamation filed by Idea in the BSE. The development was first reported by PTI. Read it here

A response to Nandan Nilekani’s new claims (Updated)

Claim 1 from Nandan Nilekani: First of all, if somebody does three authentications and then it goes through, they count that as three (attempts) and not one. So there are some issues with the data itself. But I think a better example is what’s happening in Andhra Pradesh (for the public distribution system). Andhra Pradesh has 100% inclusion because they’ve designed it properly. Read it here

Reliance Jio FY17 results: Rs 31.37Cr loss, expenses increased 300% YoY

Reliance Jio incurred a loss of Rs 22.5 crore during a six-month period from September 2016 to March 2017. The telecom company posted a Rs 7.46 crore loss that it made in the same period last year. The telco’s overall losses for the previous financial year (FY 2016-17) stood at Rs 31.37 crore, which increased from Rs 15.71 crore in the FY 2015-16. Read it here

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ISPs differ on key Net Neutrality issues

ACT Broadband said that caching content on hard disks for faster delivery of data to the end user should be treated as ‘network optimization’ and exempted from the purview of net neutrality, in its submission to TRAI’s public consultation. It added that such arrangements do not “slow down (speed of) other application or application providers, rather improve their experience, representing very distinct issue from paid prioritization.” TRAI is currently holding a public consultation on whether ISPs and telcos should be allowed to block, throttle speeds, and manage traffic flow of certain websites and apps. Read it here

Japan’s NTT Comm gets a VNO license to offer managed IT services

Japanese telecom service provider NTT Communications has acquired a Virtual Network Operator (VNO) license under the International Long Distance (ILD) segment. The VNO license was awarded to NTT Communications India Network Services (NTTCINS), the Indian subsidiary of NTT. The company will use the license to expand its enterprise networking solutions and other managed IT services in India, which is currently being offered via its affiliate company named Netmagic Solutions. Read it here

SEBI will allow mutual fund investments through digital wallets

The Securities and Exchange Board of India (SEBI) has allowed mutual funds investments through digital wallets. However, it has a cap of Rs 50,000 per mutual fund per financial year. The regulatory approval was given to channelise household savings into capital markets and promote digital payments in the economy. Read it here

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Idea & Vodafone want apps to be brought under the purview of Net Neutrality

Telecom companies including Idea Cellular and Vodafone have tactically skipped answering TRAI’s questions on how the regulator could keep a check on neutrality violations committed by telcos, and instead asked the Government to finalise a net neutrality framework before getting into regulation. Idea and Vodafone were responding to TRAI’s public consultation on Net Neutrality which looks at issues like blocking, throttling of speeds, traffic management, among others. Read it here

32% of Paypal’s payment volume was on mobile in Q1-2017

Paypal reported 203 million active customer accounts for the quarter ended 31st March 2017 (Q1-2017), with 6 million net new active accounts for the quarter. Unlike Indian digital payments companies, which focus on registered users, Paypal discloses net new active accounts, and this is the largest organic quarterly increase in net new adds over the past 3 years, up 35% from 4.5 million net additions a year ago. Read it here

Amazon India increases fulfilment capacity for sellers by 26%

Amazon continued to gush about its India operations and investments in the country for the quarter ended March 31, 2017 (Q1 2017). CEO Jeff Bezos said that Amazon.in is the fastest growing marketplace and that it was still “Day 1 for e-commerce in India, adding that the company “will keep investing in technology and infrastructure while working hard to invent on behalf of our customers and small and medium businesses.” Read it here

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