While most customs processes have already transitioned to digital platforms, the refund process remains manual.
For instance, a diversified conglomerate like ITC Ltd is tapping technology in a big way by leveraging cutting-edge digital technologies like AI/ML, Industry 4.0, Advanced Analytics, Big Data and Internet of Things to drive growth and innovation
The billionaire head of the country's largest stock broking site, Nithin Kamath, added that digitisation also reduced customer onboarding risk significantly.
The infectious enthusiasm that is all pervasive makes even a congenital cynic like me a convert about the prospects of 'Amrit Kaal' as we turn a year older as a democracy
The legal eagles feel that while the move to set up GSTAT benches in every state is welcome, they will be flooded with cases from the very beginning, because the tribunal will be coming into existence six years after the GST law took effect.
Siemens aims to use its existing product portfolio to enhance digital offerings.
The Reserve Bank of India (RBI) on May 19 said that it is withdrawing Rs 2000 notes from circulation based on a review.
Microsoft India President Anant Maheshwari also said that generative AI is creating innovation, and is only the start of an era.
Speaking at a breakfast session organised by industry chamber CII and consultancy giant EY, on the sidelines of the World Economic Forum Annual Meeting 2023 here, the minister also said that there is no risk of data theft in digitisation of medical records of Indian citizens.
While interacting with noted economists and experts at NITI Aayog ahead of the Union Budget, the Prime Minister also applauded the success of the India Digital story and the rapid adoption of fintech across the country, an official statement said.
While speaking at India Global Forum (IGF) in Dubai, Chandrasekhar said there are tremendous opportunities in a boundary-less partnership with the UAE.
She said India has been able to set up a global benchmark in digitisation in areas of payment, healthcare, education and regulatory compliances, and this is a confidence booster for the economy.
“Our economy is doing well, largely because the confidence in what has happened in the last two years is probably felt by people. And that is why I would think the economy's revival is on a sustained path,” Sitharaman said.
“Digitisation offers the promise of more targeted assistance when it's needed. That is potentially a game changer because it means that now policy can be more nimble. It can have less of an impact on sort of the overall fiscal stance. So, more protection, more insurance can be provided,” Gourinchas said.
Catch Karthik Raghupathy, Head of Strategy and Investor Relations, PhonePe in conversation with Vivek Lohcheb, Vice President, Offline Business Development, PhonePe, as they Deep Dive Into The Merchant Digitisation Journey
Catch Karthik Raghupathy, Head of Strategy and Investor Relations, PhonePe in conversation with Vivek Lohcheb, Vice President, Offline Business Development, PhonePe, as they Deep Dive Into The Merchant Digitisation Journey
The move towards greater transparency in India will intensify investor interest and bolster occupier confidence. As a result, there will see more capital deployment into the country, the study noted
Nirmala Sitharaman, who is in charge of finance and corporate affairs ministries, also emphasised the need to have firewall mechanisms in the context of digitisation.
There is a massive demand and supply gap in the Indian market for drones, due to the shortage of chipsets, among other factors, said AUS CEO Vipul Singh
Digital-only banks could help in lowering cost of credit and widen credit access
Share of the informal economy has fallen drastically to 15-20 per cent of the gross value added (GVA) or the formal GDP in 2020-21 from 52.4 per cent in 2017-18 due to digitisation and the rapidly expanding gig economy, said Soumya Kanti Ghosh, the group chief economic advisor at SBI.