Page 8 - Digital Economy

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

No final decision on taxing cash transactions above Rs 50,000: Govt

Panel was constituted on Nov 30, 2016 after govt demonetised Rs 500 and Rs 1,000 notes

Driving digitisation

Dividing people on their propensity to embrace technologies can help attain goal of cashless economy

Digital economy to raise electricity tariff

With the move to a digital economy, the dependence on electricity would only rise

To promote digital economy, govt to begin lucky draw on Dec 25

Event would be followed in 100 different cities across India over the next 100 days until March

Digital India: Why people are ignoring bank UPIs and flocking to Paytm instead

Post demonetization, people flocked to digital wallets for mobile payments instead of bank apps