Page 6 - Digital Economy
India's consumer digital economy to grow 10x to $800 bn by 2030: Redseer
Online retail is set to become the third-largest by scale with an annual GMV of $350 billion by CY30
 "India's consumer digital economy to grow 10x to $800 bn by 2030: Redseer")
India's consumer digital economy to touch $800 billion by 2030
Driven by online shopping across the spectrum, India's consumer digital economy, which was pegged at $85-90 billion in CY20, is expected to become a $800 billion market by 2030: report
 "India's consumer digital economy to touch $800 billion by 2030")
Equalisation levy: Objective, Budget proposal and impact
The provision of an equalisation levy has rattled the Industry. Many businesses are planning to move court over the changes proposed in the Budget. In an exclusive interview with Business Standard’s Dilasha Seth, former CBDT member Akhilesh Ranjan, who was instrumental in the introduction of equalisation levy in 2016, explain in detail the objective of the levy and why it is needed. Watch the video.
 "Equalisation levy: Objective, Budget proposal and impact")
SBI Cards m-cap tops Rs 1-trillion; Five factors that are driving the stock
The firm's m-cap is now more than that of Tata Motors, Shree Cement, and JSW Steel
 "SBI Cards m-cap tops Rs 1-trillion; Five factors that are driving the stock")
CEOs of top tech firms hail tax norms for digital economy in Budget 2021
They say coming in the wake of Covid-19 pandemic, the Budget looks to strengthen many important pillars for economic recovery and future growth
Data and the Indian state
A set of essays examines the interaction between the expansion of the digital economy and India's socio-political framework
 "Data and the Indian state")
Migration from cash-based economy to digital is a work in progress: RBI
Still a long road ahead, especially across Tier III-VI) and societal cross-sections (senior citizens, migrant workers), apex bank in booklet on Payment Systems
 "Migration from cash-based economy to digital is a work in progress: RBI")
India leads the mobile-first consumer economy amid Covid-19, shows data
While Covid-19 catalysed several trends, it most importantly fast-tracked the transition to a mobile-first world.
 "India leads the mobile-first consumer economy amid Covid-19, shows data")
India added 1,600 tech start-up, 12 unicorns in 2020: Nasscom report
Depending on headwinds, 2021 promises to be a positive year for Indian tech start-ups - marching steadily towards a trillion-dollar digital economy goal
 "India added 1,600 tech start-up, 12 unicorns in 2020: Nasscom report")
WTO report warns of protectionist policy in non-digital sectors
The WTR notes that many government policies still retain 'defensive' aspects, particularly in mature non-digital sectors that are subjected to intense competition and technological transition
India's data protection law can propel digital economy, says Facebook
The par panel on Friday quizzed Facebook about the quantum of their revenue, profit and tax payouts in India and asked what portion of their earnings were being used for data security in the country
 "India's data protection law can propel digital economy, says Facebook")
Paytm enters co-branded credit card biz, to add 2 mn users in 18 months
Paytm, in a statement, said it is aiming to transform the credit market by enabling ''new to credit'' users to join the digital economy
 "Paytm enters co-branded credit card biz, to add 2 mn users in 18 months")
IMF urges policymakers to avoid early withdrawal of support for the economy
Avoid premature withdrawal of support for the economy, as this could inflict tremendous damage," she said.
 "IMF urges policymakers to avoid early withdrawal of support for the economy")
Paytm accuses Google of trying to dominate India's digital ecosystem
Paytm suggested the global tech giant's move as hypocritical as Google, too, regularly runs similar scratch card campaigns in India under its Google Pay app
 "Paytm accuses Google of trying to dominate India's digital ecosystem")
Govt aims to enhance digital economy's contribution to 20% of GDP in 5 yrs
Kumar added that AI and other emerging technologies will play a key role in achieving the target, and involvement of all stakeholders is needed
 "Govt aims to enhance digital economy's contribution to 20% of GDP in 5 yrs")
Digital economy, adoption of tech will help achieve $5-trn economy: Goyal
He also stressed the role of productivity in the transformation of any organisation
 "Digital economy, adoption of tech will help achieve $5-trn economy: Goyal")
Pine Labs plans to deploy 150,000 Android POS devices by next fiscal
The company plans to considerably scale up its Android POS network in 2020-21 to 1.5 lakh machines and diversify into newer industries
 "Pine Labs plans to deploy 150,000 Android POS devices by next fiscal")
Taxing digital economy
Analysts are increasing their understanding of it
 "Taxing digital economy")
Digital economy poses challenges to both mkt participants, regulators: CCI
The challenge for the regulator is to put in place a legal and regulatory framework and also provide for appropriate safeguards, the Chairperson said
 "Digital economy poses challenges to both mkt participants, regulators: CCI")
Consulting firm Accenture opens second innovation hub in India at Hyderabad
The latest addition to Accenture's global innovation network houses 2000 professionals with expertise across multiple industries
 "Consulting firm Accenture opens second innovation hub in India at Hyderabad")