Digital Economy

Digitalisation, financial products call for global tax info exchange: FM

Finance Minister Nirmala Sitharaman on Tuesday said with the growing digitalisation of the economy and emergence of new financial products, countries globally will have to cooperate with timely exchange of information, while ensuring fairness and public trust in the tax system. Speaking at the 18th Global Forum Plenary meeting, Sitharaman said technological tools like artificial intelligence, along with judgement, should be used to ensure that tax information exchanged among jurisdictions leads to measurable outcomes. The Global Forum on Transparency and Exchange of Information for Tax Purposes is a multilateral framework comprising 170 jurisdictions. It monitors and peer reviews the implementation of international standards on transparency and information exchange. Stating that confidentiality and cybersecurity must be maintained with great care, the minister called for joint attention and cooperation to the new challenges arising from the digitalisation of the economy, emergence o

MoSPI releases NIC 2025, aims to capture economy's new & emerging sectors

NIC 2025's new six-digit coding expands coverage to emerging digital, green and indigenous sectors, offering sharper classification for surveys, GDP estimation and policy planning

Time to reclaim the billions that global tech giants make off Indian users

Millions of Indian users generate billions in economic value for global digital platforms, yet most of it flows abroad. India must capture this value locally

Trump pushes for US-led digital economy free of tariffs and new taxes

As Trump tries to rewire the global trading system, digital commerce has become another battleground for geopolitical fragmentation where US and China are jockeying for global influence

Kerala eyes $50 billion IT value by 2031 with new digital vision plan

The draft IT Vision 2031 aims to generate 5 lakh jobs, attract Rs 20,000 crore in startup investments, and make Kerala a global hub for ethical and sustainable technology

Dutch tech investor Prosus scales up India AI play amid global headwinds

Dutch investor Prosus backs Arivihan, CodeKarma, and Deccan AI in quick succession, calling AI a central pillar of its India strategy as it plans multi-billion-dollar bets

Best of BS Opinion: India must not shy away from trade negotiations

Our Opinion page today makes a case for more trade talks, note less; benefits for Isro from partnering with Nasa; a sustainable fix for urban congestion; and the need for a framework for digital fraud

India needs to take a comprehensive stance against increasing digital fraud

State action overhaul: Three policy suggestions

India's digital economy is primed for significant expansion: Bessemer

Titled "Click, Watch, Shop: The Consumer Opportunity in India," the report outlines how a convergence of technological advances, demographic shifts, and favorable policy developments

India now a powerhouse in digital economy: Google India head Preeti Lobana

Swift expansion of India's digital economy has cemented the country's status as a "powerhouse", Google India's Country Manager and Vice President Preeti Lobana has said, emphasising that a razor sharp focus on trust and security are key to sustaining the momentum in the AI era. In an interview to PTI, the newly appointed top executive of Google India asserted that the US tech firm is "deeply committed to having rich, thriving digital ecosystem when it comes to Android or Play Store". According to her, Google sees "competition" as means of making the "digital ecosystem richer". Lobana declined to comment on the specifics of the search giant's antitrust cases in the country (bundling of the Play Store with Android TV OS, a case that Google settled by paying Rs 20 crore or the Play Store policies case) but said the company complies with the local laws in any country it operates in. "So we will work with the government and any of the regulatory bodies to make sure we are complying," sh

India VC deals rise 19%, funding up 20% in early 2025: GlobalData

India's VC ecosystem grew strongly in early 2025 with deal volumes up 19% and funding up 20%, bucking the global trend of slowdown in markets like China and the UK

AWS backs India's $1 trillion digital economy push with Generative AI

Satinder Pal Singh of AWS India explains how cloud and AI tools are helping enterprise, startups and public platforms scale innovation across key sectors

Edelweiss MF launches BSE Internet Economy Index Fund; check key details

Edelweiss BSE Internet Economy Index Fund will open for subscription on April 25, 2025, and close on May 9, 2025

Speed of digital penetration at individual level needs to be stepped up

The State of India's Digital Economy Report 2025 says that India is the third largest digitised country in the world at an aggregate level

Muhammad Yunus, Musk hold talks to bring Starlink internet to Bangladesh

Yunus stated that integrating Starlink's connectivity into Bangladesh's infrastructure would create new opportunities for millions and integrate the country more closely into the global economy

Govt to use AI to track mule accounts in cyber fraud crackdown: Amit Shah

Union Home Minister Amit Shah said that 399 banks and financial intermediaries are now working in coordination with the Indian government

Cloud, GCCs key growth drivers of India's digital economy: Govt report

The cloud market and global capability centres (GCC) are among the fast-growing segments of India's digital economy which is expected to drive a fifth of national GDP by 2030, a report by MEITy has said. The report, prepared by the Indian Council for Research on International Economic Relations (ICRIER) and the Ministry of Electronics and Information Technology (MEITy), said India's digital economy was equivalent to Rs 31.64 lakh crore in GDP in 2022-23. While the traditional ICT (Information and Communications Technology) sector remains the largest component of the digital economy, digital platforms and the digitalisation of brick-and-mortar sectors are growing rapidly, the report pointed out. The country's cloud market, which accounted for 1.1-1.2 per cent of the global market in 2020-23, and GCCs (global capability centres) were named some of the fastest-growing segments of the digital economy. "India's digital economy is expected to grow almost twice as fast as the overall ...

India's digital economy set to overtake agriculture, mfg by 2030: MeitY

India's digital economy is expected to grow almost twice as fast as the overall economy, contributing to nearly one-fifth of national income by 2030, according to a MeitY report

Sovereign artificial intelligence: A strategic imperative for coming wave

AI has seen remarkable growth in recent years: Compared with 2018, when a 340 million-parameter model was considered "big", ChatGPT today has 1.8 trillion parameters, Gemini 1.5 trillion

Tejasvi Addagada on India's DPDP 2025 Rules: A Catalyst for Competitive Advantage in the Global Digital Economy

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