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Reliance Communications has made full repayment of two loans amounting to $1 billion (around Rs 6,000 crore), during the quarter ended June 30.The repayments have been from the company's rupee resources.

Business News

Department of IT will now be DeitY

Thursday - Apr 19, 2012, 11:03am (GMT+5.5)
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New Delhi - The Department of Information Technology (DIT) has been renamed Department of Electronics and Information Technology (DeitY) to give importance to the  electronics sector.

The department will be formally rechristened by union Communications Minister Kapil Sibal Thursday.

"Recently, the cabinet secretariat amended the Government of India (Allocation of Business) Rules 1961 and renamed the Department of Information Technology as Department of  Electronics and Information Technology," the Ministry of Communications and Information Technology said in a statement Wednesday.

Earlier the Department of Information Technology was called Department of Electronics.

In October 1999, it was initially made Ministry of Information Technology. But with the merger of Departments of Telecommunications and Posts in the ministry, in December 2001, the  department acquired its current name of Department of Information Technology.

However, in recent years, there has been a feeling that the electronics sector has not been given adequate importance by the government. This resulted in a demand from various quarters  of industry, academia and other stakeholders that the department should provide increased focus to the electronics sector.

The department is also in the process of initiating several measures to renew the thrust to the Electronics System Design and Manufacturing (ESDM) in the country. A new National Policy on  Electronics is under finalization and a draft of the same was released by the communications minister last October.


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