HYDERABAD: Retrenchment of employees is a common occurrence in the infotech industry Telangana minister K T Rama Rao today said amid reports of layoffs by India's IT companies "There is overt focus or overt emphasis on people being retrenched. Unofficial figures received by us from STPI (a government body) and SEZs show we are growing better than national growth rates," he said.On digital transactions, he said Telangana tops the chart on this front. According to the minister, the country's youngest state has been recording 20 crore digital transactions a month. 1 in the country in digital transactions. Twenty crore transactions a month is what is being currently transacted digitally in Telangana.

Source: Economic Times May 15, 2017 11:03 UTC