Whether one likes it or not, services constitute the value-addition sector that the country has to build on, using its comparative advantage in infotech and related skills, suggests T N Ninan.
'It won't help being complacent about the momentum and valuations of equities that currently exist.'
According to the research, the digital transformation comes with its own share of risks.
Categories such as lifestyle, food and electronics accounted for over 1,350 sellers across the country last year.
'From the tiniest to mid-level organisations and even some at the lower end of the large-scale ones would say that computerisation and the extensive documentation and regulatory requirements for GST have made the compliance process worse in many cases.'
Union Home Minister Amit Shah has directed all central armed police forces to compile three-year data and inform his ministry if their jawans and officers are utilising their stipulated leaves as part of his ambitious proposal that aims at allowing troops spend at least 100 days with their families in a year, officials said on Thursday.
Welcome to Non-Fungible Tokens (NFT) - digital constructs authenticated using an abstract mathematical application. An NFT is a unique token added to some digital construct and registered on a blockchain with details of ownership. The construct itself might be free (it often is) but the NFT along with the construct is worth "more". The NFT market didn't exist until 2017 when "cryptokitties", or virtual cats, became available with NFTs. The market is now worth around $350 million. Speculators believe it is likely to be worth much more in future.
The country's largest lender State Bank of India has seen a perceptible increase in the number transactions happening at its multiple digital channels, with the percentage moving from 60 per cent in the pre-pandemic period to 67 per cent currently, chairman Dinesh Khara said. The rise in the number of digital transactions at the bank was largely driven by pick up in e-commerce during the pandemic-induced lockdown, which restricted movement, he said.
'With nearly double the market share of our nearest competitor, we are shaping the digital transformation journey of close to 1,000 clients in India.'
'Overall, compared to the previous episode, we are in a better shape because the vaccine is already out there and vaccination drives are proceeding'
'You have to move from one skill to another skill.' 'An employee can't say this job is my right and even if you train me, I refuse to get trained.' 'Those who participate in re-skilling will remain in the industry.' 'Those who refuse to get re-skilled will have to go.'
Following the demonetisation of 500 and 1,000 notes in a bid to crack down on black money, there were apprehensions among people that the government might impose some kind of restrictions on gold holding by individuals.
The proposed amendments to the Consumer Protection (E-Commerce) Rules, 2020, that are envisioned to protect consumer interests, may further compound the impact of multiplicity of regulations on the e-commerce sector, the Indo-American Chamber of Commerce (IACC) had told the ministry of consumer affairs. IACC, the apex bilateral chamber for Indo-US business, had told the government that the proposed amendments would increase compliance liabilities that risk severely impairing the growth of the sector.
Continuing with the same behaviour while things around you change is a sure recipe for failure. Successful leaders will demonstrate agility and adaptability.
Before being appointed as the Mumbai police chief, Singh was posted as the Director General of the Maharashtra Anti Corruption Bureau.
The rating agency expects the Reserve Bank of India to continue its accommodative monetary stance.
The amount was pledged as Prime Minister Narendra Modi addressed the virtual Global Vaccine Summit hosted by British Prime Minister Boris Johnson in which over 50 countries, business leaders, United Nations agencies, civil society, government ministers, heads of state and country leaders participated.
The additional outgo to combat the impact of COVID-19 will significantly erode the fiscal consolidation achieved by the state governments in the past three years, an RBI report said on Tuesday. In its study of the state budgets of 2020-21, the RBI report which has dwelled on the theme 'COVID-19 and its Spatial Dimensions in India', said that Gross Fiscal Deficit (GFD) of the states would spiral during the current fiscal.
Since December 2018, monetary policy has been eased substantially by RBI with policy rates being cut by 75 bps and policy outlook being changed to 'accommodative'.
He said COVID-19 can be a catalyst towards the adoption of digital technologies in health and education and drive change in a way that even venture capital funds have not achieved despite pouring billions in investments.
Maruti is not an online outlier, of course; other heavyweights have rolled out similar services. But as an analyst pointed out, Maruti's all-India roll-out has significant impact given that it accounts for over half of all cars sold, reports, reports Pavan Lall.
The Salary Budget Planning report released by Willis Towers Watson said the median salary increase at the executive level for 2020 is projected at 10.1%, an increase from 9.6 per cent in the previous year.
It is learnt that the SNLTR is also working on Bangla classics.
General Rawat also said that adequate focus must be on ensuring that "trial procedure" for procurement of military equipment does not linger on for too long, in an indication of his unhappiness over the delay in modernisation of armed forces.
As India gets ready to roll out one of the largest vaccine programmes, billionaire Mukesh Ambani on Tuesday said his group is working with authorities to provide technology tools and backbone for mass inoculation against COVID-19. Ambani's telecom venture Jio was rolled out four years back, offering free voice calling and dirt-cheap data. Today, Jio is India's largest telecom operator with over 400 million users, each connected to the internet. At a Facebook event, Ambani said the government's digital push kept the country running even during the pandemic and is now helping in the rollout of one of the largest vaccination programmes.
As the government faces a difficult choice in keeping up with the rest of the world in AI development while making sure it does not add to unemployment, it has set up a task force to draw up a policy for the accelerated deployment of AI
In December 2016, the Supreme Court directed the central government to have a graded action plan to tackle the menace of air pollution. There are two plans - Comprehensive Action Plan and Graded Response Action Plan.
Why are investors gung-ho about State Bank? asks Tamal Bandyopadhyay.
Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday announced to raise Rs 7,350 crore from two investors -- Singapore's sovereign wealth fund GIC and Global alternative asset firm TPG -- by selling a stake in group's retail arm.
Over the next five years, it will be Narendra not Nitish who will be under pressure to deliver vikas and atmanirbharta in Bihar, notes Kanika Datta.
Advertisement revenues will go up in 2016-17 with automobiles and e-commerce being big contributors.
India will shortly unveil a 'One Nation-One Card policy' for public transport that will entail connectivity between various modes of transport
If you are an expert in programming languages, statistics and algebra, then a career in AI and ML is worth a shot in 2021.
Pandemic-hit auto majors are likely to set aside these time-tested strategies for now, and, instead, focus on attractive finance schemes and an enhanced digital experience.
Prime Minister also underlined the need for increasing the number of tax payers to 10 crore.
In India, he has already made investments in both his personal capacity and through DST Global, his venture firm.
Last November, a lawyer for Future Retail Limited (FRL) told Delhi high court that Amazon is interfering with its lawful business and thousands may lose their jobs and FRL may go bankrupt. Senior advocate Harish Salve, who appeared for FRL, likened Amazon to East India Company. Senior advocate Gopal Subramanium, who represented Amazon, told the Future counsel to keep the "East India Company" rhetoric aside, as Amazon has invested $6.5 billion all over India and created 900,000 jobs. This drama played out in the case in which Amazon has challenged Future's $3.4-billion deal with Reliance, alleging the retailer's deal breached an agreement with the American e-commerce firm.
It is a classic case of extremes: The worst contraction in GDP along with the highest-ever levels of cash in the economy; and a severe dent in consumption together with strong growth in bank deposits and digital payments.
