The demand for the Rs 500 bill, which is the second highest denomination after the Rs 2,000 note, has soared the highest and now accounts for over 51 percent of the value of currency in circulation
However, this will be tested with the economy clearly in slowdown mode
Ranchi to be the next, followed by airports in larger cities
PUKAR's objective was to help villagers secure the benefits due to them under various government welfare schemes and become more aware of their rights
The challenge will lie in preparing the new workforce with the skills and work culture they need to participate with the digital natives
The DT Index calculates the state of digital transformation today
India's digital economy is expected to grow to $1 trillion and lead to the creation of 10 million jobs by 2022
Apart from the growing adoption of the internet in the country, brands are drawn to the agility of the medium
Trust, convenience, and experience set up stumbling blocks to the online experience, stemming the country's digital thrust
A majority of over 2,000 apps have seen downloads in single or double digits only
Modi said when he first spoke about digital payments, people made fun of him but due to use of digital payments, benefits are reaching the people directly and the role of middlemen has been abolished
Digital India is about education, employment, entrepreneurship and empowerment. "It will help realise the objective of reform, perform, transform," he said.
Modi also stated the initiative has brought in a movement towards more digital payments
The digital communication policy must include a well-defined plan to build a robust, design-led domestic industry that is scalable, technologically contemporary and globally competitive
It will also push ahead to meet the ambitious goal of increasing the size of India's digital economy to USD 1 trillion in the coming years.
By the year 2021, around 60 per cent of the country's Gross Domestic Product (GDP) is expected to be derived from digital products and services. Created through the use of technologies such as Artificial Intelligence (AI), the Internet of Things and cloud computing, among others. So says a study commissioned by information technology major Microsoft. It says digital transformation will add an estimated $154 billion to our GDP by 2021. "India is clearly on the digital transformation fast track," says Anant Maheshwari, president, Microsoft India. Organisations, he said, are increasingly deploying emerging technologies such as AI and that will accelerate this change-led growth even further, with the application of this in sectors such as education, health care and agriculture. "(Such) Technologies can really solve some fundamental problems and if applied the right way, could unlock a lot of potential," Maheshwari told Business Standard. The catch, he says, is the need for a supportive ..
Source said a draft policy had been prepared by the Ministry of HRD in consultation with the Ministry of Electronics and Information Technology
Payments banks, which offer electronic remittances, financial advisory, online banking and more, offer immediate value to unbanked consumers
There is significant potential for brands to innovate with their offerings to drive online growth according to a report by Google and Boston Consulting Group
This transparency is good for the system, good for corporate India: Arun Jaitley