Centre For Digital Economy

The Indian Institute of Management Raipur has organized the 3rd International Conference on Digital Economy (ICDE) and 14th ISDSI Annual Conference. The theme of the conference is ‘Building New Digital Ecosystems’.

Impact of COVID-19 — Is it a boon or a bane for Indian e-Commerce?????

E-Commerce pe*******on in India will triple in the next 4 years to 300 Mn. At 3.4% today, businesses find Customer Service unmanageable. COVID-19 has made this multi-headed problem evident. Here we discuss the next big barrier to scale for the Indian e-Commerce, to open up a discussion with business leaders who care for that growing market.
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https://medium.com/.jha91/impact-of-covid-19-is-it-a-boon-or-a-bane-for-indian-e-commerce-6597167ea22d

Impact of COVID-19 — Is it a boon or a bane for Indian e-Commerce? Today, e-Commerce pe*******on in India stands only at 3.4% roughly amounting to 100 million online customers. And, it’s expected to reach…

What The Bitcoin Revolution Will Look Like ?????

That’s the message digitally etched into the first block in a chain that would eventually bring about the age of the Blockchain. Bitcoin.
That was in 2009. Since then, thousands of other Blockchain solutions have popped up, all staking their claim as the “future of x”. In 2018, the total market cap of all cryptocurrencies reached an all-time high of roughly $835 billion. This is a drop in the bucket compared with traditional markets, but for a market never before seen on the face of the earth, reaching that figure in 10 years is not to be sniffed at.

For More: http://iimraipur.ac.in/cde/



https://medium.com/swlh/what-the-bitcoin-revolution-will-look-like-30023beaae46

What The Bitcoin Revolution Will Look Like What happens when the foundations of our financial system are disrupted?

India is currently at the top in the usage of digital payments and will be seen in the next six months, said the report. Almost 80% of the older consumers in the country in the age group of 56-60 years will show the highest usage of digital payment channels in the next six months.
For More: http://iimraipur.ac.in/cde/



https://medium.com//indians-rapidly-adopt-digital-payment-routes-amid-covid-19-crisis-1df7b63db4b6

Medium

As our country adapts to the new world of social distancing, masks & gloves, we have been doing our bit to ensure that our fellow citizens can make all essential payments from the safe confines of their home. Our team worked dedicatedly to revamp the Paytm app UI with a ‘Stay at home Essential payments’ section to include Mobile & DTH Recharge, electricity, water, gas, credit card & insurance premium payment among others.
For More Please Visit: http://iimraipur.ac.in/cde/




https://blog.paytm.com/together-against-covid-19-heres-how-lockdown-is-shaping-digital-payments-and-how-we-are-8da851e1521

Together against COVID-19: Here’s how lockdown is shaping digital payments and how we are… As our country adapts to the new world of social distancing, masks & gloves, we have been doing our bit to ensure that our fellow citizens…

Minister of Electronics and Information Technology Ravi Shankar Prasad announced in February this year the Narendra Modi government’s intention to legislate a new Information Technology Act. He said that since technology was now at the centre of issues like privacy, cybercrime, delivery of services and digital payments, the IT Act needs to reflect that too. In April, his ministry initiated a consultative process with stakeholder ministries and industry associations, seeking inputs for the new law.

The IT Act originally came into effect in 2000 to give legal recognition to electronic records and digital signatures. It was amended in 2008 to include provisions on intermediary liability, data protection, and cyber offences. In the last 20 years, the landscape it regulates has far outgrown its legislative remit.

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To Read More: https://theprint.in/opinion/india-can-be-a-digital-economic-powerhouse-if-new-it-act-removes-ambiguity-around-e-commerce/426587/

India can be a digital economic powerhouse if new IT Act removes ambiguity around e-commerce It should reflect the new realities of India’s digital challenges by removing ambiguities around technology in law & create a stable regulatory environment.

The coronavirus caused COVID-19 pandemic will speed up India’s digital adoption as now a large number of people shop online and local businesses are adopting digital transformation, Morgan Stanley.

Morgan Stanley made the statement in its 53-page report called, ‘India’s Digital Economy in a Post-COVID-19 World’.

In its report, the leading global investment bank and wealth management firm credited Reliance Jio’s 4G telecom services for spurring the country’s digital economy by propelling internet usage in the country.

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Read More at: https://www.thestatesman.com/business/covid-19-pandemic-speed-india-digital-adoption-says-morgan-stanley-1502893091.html

COVID-19 pandemic to speed up India’ digital adoption, says Morgan Stanley The coronavirus caused COVID-19 pandemic will speed up India’s digital adoption as now a large number of people shop online and local businesses

NEW DELHI: Digital transformation using artificial intelligence and hybrid cloud has accelerated amid the COVID-19 pandemic and these new technologies can play an important role in helping companies gain competitive advantage, IBM Chief Executive Officer Arvind Krishna said on Tuesday.

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COVID-19 crisis has accelerated importance of AI, hybrid cloud: IBM CEO Arvind Krishna "The importance of hybrid cloud and AI has accelerated. What has changed is the pace at which they're being adopted. Transformation journeys (of) last few years are now being compacted into months...They're looking for long lasting answers on what they can do with technology to address the key issue...

The cash-strapped government will gain close to Rs 1.6 lakh crore in additional revenues this fiscal from a record increase in excise duty on petrol and diesel, that will help make up for revenue it lost in a slowing economy and shutting down of businesses due to coronavirus lockdown. Late on Tuesday evening, the government hiked excise duty on petrol by Rs 10 per litre and that on diesel by Rs 13 a litre to mop up gains arising from international oil prices falling to a two-decade low.

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Govt to gain Rs 1.6 lakh cr this fiscal from record excise duty hike on petrol, diesel The cash-strapped government will gain close to Rs 1.6 lakh crore in additional revenues this fiscal from a record increase in excise duty on petrol and diesel, that will help make up for revenue it lost in a slowing economy and shutting down of businesses due to coronavirus lockdown.

We have shopped online a ton during the pandemic, and some of those habits will stick. But I suspect our more e-commerce lives will have unintended consequences. Buying online might become pricier or less convenient, we might need to rethink fast deliveries, and our neighbourhoods may look different. I sketched out some possibilities to get us thinking about how our shopping budgets and habits could shift.

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An e-commerce future, ready or not Companies could seize this moment to retrain us. We might be forced to consider the cost and consequence of that heavy bottle of laundry detergent arriving at our door from thousands of miles away.

Economic Times Online conducted a readers' poll to gauge the mood of the public in a country that has been under a crippling lockdown for over 40 days. Now that the wheels have begun clacking again in factories and plants, we present here the insights gleaned from almost 13,000 of India's best-informed readers of business news.

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The great Indian lockdown survey: The good, bad and the ugly The virus has brought the Indian economy to new low after new low over the past six weeks.