Delhi government starts online trading

Delhi government has started implementing e-governance solutions. The government has directed its officials that large scale trading will be possible only through Net. Trading over Rs 1 crore would be allowed only through Net. Sheila Dixit, CM, Delhi indicated this in her keynote address in Asian Oceanian Computing Industry Organization (ASOCIO) general assembly.

She also said that her government is trying to make computers cheaper so that it could be reachable to every individual in the state. She also emphasized on the fact that the computer software firms should make software for the people living in slums so that they can understand the basics of the computer. "I want Delhi to be the Cyber City by 2003," she added.

Earlier in his keynote address, Rajat Gupta, MD, Worldwide, Mckinsey & Co while speaking on company performance said that most of the time industries regress to the average returns and never have really outperformed them on a completely long time basis. Winners are also unable to sustain performance relative to their sectors, he added.

He also said that much of the out performance in any industry comes from the new players, the attackers. Across many different sectors, attackers are outperformed the rest of the industry by a substantial margin so the news players really create much more value and much more margin than the old one.

Speaking on creative destruction, he said, "There are different types of transformation that have fundamentally changed the business makes and this is the process if creative destruction in sense of destroying their own business and creating new." There is enormous mind set change required to make transition towards this creative trade moral as shift from operative mentality towards a market oriented mindset poses a very tough challenge.

ASOCIO 2001 to Pramod Mahajan

ASOCIO has conferred the 'ASOCIO 2001' IT award to Pramod Mahajan, Minister of Information Technology, Telecom and Parliamentary affairs for his pioneering role to the development of the Indian IT industry. Harres Tan, Chairman, ASOCIO presented the award at the ASOCIO event being hosted by NASSCOM. Speaking on the occasion Mahajan said, "I am taking this award on behalf of all those people who made India an IT superpower."

Tan said that Mahajan has taken strategic initiatives to catalyze the growth of the IT industry in India. He has initiated innovative projects such as Media Labs, Asia to deliver the benefits of IT to the masses and has worked closely with the industry in creating IT friendly policies such as IT act and Convergence bill. His efforts have resulted in IT being accorded a national level status and have also placed India firmly on the global IT map.