Page 6 - Digital Economy

Centre to tweak competition law and tune it with new-age digital economy

NITI Aayog Vice-Chairman Rajiv Kumar highlighted the need for the CCI to develop oversight capabilities on data-related businesses, so as to prevent the amassing of power in a single conglomerate

Big digital push needed to reach $5-trillion economy: IAMAI report

India's regulatory approach should focus on regulating 'core' industry players, and not entities that fall on the 'edge' of the regulatory spectrum

Zomato, Swiggy face the ire of partners. Time to rethink value proposition?

Is it time for the aggregator brands to rethink their promise to their partners-be it restaurants, airlines and hotels and drivers?

Explained: How brands look at ways to run bad ads off the digital highway

Ad fraud is a scam worth $1.63 billion at present

Avoiding the middle-income trap

In order to transition to true prosperity, middle-income countries need to invest heavily in human capital and improve the quality of education

With G24 backing, India to battle it out with US, UK to tax digital firms

The OECD report on the subject will be finalised in 2020. India has the backing of 28 countries of G24

Digital medium making 'rapid' strides in traditional sectors

Traditional brands sidestep convention to adapt to changing customer behaviour, drive better returns on advertising, and promotion budgets

65% of India's population will use smartphones by 2025, says report

Digital adoption in the country is no longer limited to urban elite or English-speaking population

India has potential to become $1 trillion digital economy by 2025: Report

The report said India had 560 million internet subscriptions in 2018, up from 238.71 million in 2013, making it the second-largest internet subscriptions market in the world

India's digital economy likely to cross $1 trillion by 2022, says KPMG

The report launched at the India Mobile Congress 2018 also forecasts that mobile data usage in the country is likely to surge five times by 2023

India's road to becoming a $1-trn digital economy is full of roadblocks

The country needs to make the right policies to support new-age technologies

The march of digital velocitors

Where the onslaught of automation is stealing jobs from traditional high-growth sectors, 'velocitors' or young companies with the ability to break away from the pack will spur entrepreneurship

Will cash disappear?

Coins and paper currency remain the most popular ways to pay for things in most countries

Cash comes at a cost, nation moving towards digital economy, says FM

Jaitley said some people have problem in accepting the fact that transactions through the digital mode are going to witness rapid growth

Digital economy to offer 5-7 mn job opportunities: Ravi Shankar Prasad

Prasad says it's important to have the affordable & inclusive technology to ensure growth & prosperity

Prasad promises new digital policies to make India $1-trn digital economy

New policies on electronics manufacture and data security, among others, to boost the 'Digital India' aim, were promised on Friday by Ravi Shankar Prasad, minister for electronics and information technology. He also mentioned a software product policy and a start-up cluster scheme.The minister met senior representatives of companies in these sectors for about two hours, to understand what the government could do to remove blocks in the aim of a $1 trillion (Rs 1 lkah crore) digital economy by the year 2022.He said the industry was unanimous in saying the target of $1 trillion was understated and India could reach $2-3 trillion.Among the companies represented were IBM, Wipro, Google, Microsoft, Tech Mahindra, Intel Corporation, Panasonic India, NIIT, Quickheal, Practo, Hike, Lava International and Cyient. Plus those from the National Association of Software and Services Companies (Nasscom) and the Internet and Mobile Associaiton of India.The minister said there were big opportunities ..

Digital economy can reach $4 trn in 4 years: Tech sector tells govt

Notable absentees were Flipkart co-founder Sachin Bansal and Paytm founder Vijay Shekhar Sharma

Challenges remain amid govt's push for digital economy

As the central government pushes for a cashless economy, the Unique Identification Authority of India (UIDAI) says it's still a long way for an Aadhaar-enabled payment system (AEPS).According to a note it has sent to Parliament's standing committee on finance, of around 480 million people who have linked Aadhaar, the citizen identification, to their bank accounts, only 25 mn have access to AEPS. UIDAI says if all post offices, ration shops, offices of state electricity boards and the Centre's telephone network migrate to AEPS, there would be a little over 1.5 mn delivery points offering financial services.The parliamentary panel, headed by the Congress' Veerappa Moily, has again summoned Reserve Bank governor Urjit Patel, for July 6. This is a sequel to his appearance before the committee on January 18, on the controversial demonetisation issue.Later, the topic was expanded to 'demonetisation and transformation towards a digital economy', with the government saying the banning of Rs ..

India eyeing to become a trillion-dollar digital economy by 2022

India is aiming to increase the turnover of digital and IT industry to $ 1 trillion by 2022 from the current $ 270 billion as the country looks to focus on start-ups, financial technology and new age technologies.The digital and IT industry in its current form is primarily driven by IT and IT enabled services which comprise of around USD 150 billion, followed by financial services at USD 50 billion, electronics manufacturing at USD 40 billion among others.However, going forward there will be more focus towards newer technologies and start-ups.IT Minister Ravi Shankar Prasad said that going forward, a major push will be given to services and offerings in the digital space, with focus on start-ups, new-age IT solutions, financial technologies and cyber security.The government has also roped in McKinsey & Co to pace up the growth of digital services in the country. McKinsey will advise the government whereas Niti Aayog will work with the state governments in evaluating the ...

Can universal basic income counter ill-effects of digital economy?

Sceptics fear given a free income, most people will stay home & watch YouTube while society crumbles