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Topic: Digital economy

The two startups have filed cases against each other | Illustration: Ramandeep Kaur

Two real estate startups in Bengaluru accuse each other of data theft, file counter FIRs

Startups MyGate and NoBroker have accused each other of planting employees to steal data and leak confidential information.
Representative image (maxpixel.net)

From virtual meetings to drone delivery — Covid-19 crisis will boost digital economy

Firms that are digitally agile are adapting to the Covid-19 crisis more successfully and investment in the digital economy will increase in future.
People's Bank of China headquarters in Beijing

China plans its own digital currency as global competition heats up

The People's Bank of China is accelerating the launch and will conduct trials across several cities, according to the state-run Global Times. Internet giants Alibaba and Tencent are expected to participate too.
IT Minister Ravi Shankar Prasad with others at the event in New Delhi Thursday | Twitter

Modi govt plans Digital Payment campaign with Google, PayPal, Mastercard as partners

IT Minister Ravi Shankar Prasad urged Google to use its technology to help take India’s digital economy to $1 trillion.
man with laptop

A freelancing boom is reshaping Bangladesh and its economy

Rapid digitalisation and a high rate of educated unemployment has made Bangladesh the second largest exporter of online labour.
Representational image| Amazon Inc. fulfillment center in Bengaluru, India | Ruhani Kaur | Bloomberg

India was about to align its e-commerce market with global rules, then it lost trust

Global economy is under a new industrial transformation, with digital technology leading the change but India wants to address its own rising aspirations.
File photo of Chinese president Xi Jinping | Andrey Rudakov/Bloomberg

Against Modi govt’s unemployment woes, next door China’s booming jobs industry

China created 65 million jobs in past five years — more than double the figure Rahul Gandhi has cited to target Modi.
Representational image of Indian currency | Bloomberg

Data shows demonetisation had few hits but many misses

Demonetisation didn’t weed out black money but there’s been some widening of tax base, an increase in digital payments and drop in fake notes.
Banned Indian 1,000 rupee notes

Talk Point: Was the short-term disruption worth it? The answer is a qualified “no”

Demonetisation was a courageous policy decision fraught with high risks. The purported objectives of the decision were to eliminate fake currency, weed out black money, and address tax evasion. Later, digitisation of the economy was also added to the list of objectives. How has demonetisation fared on these objectives?
A year after PM Modi’s endorsement, Mumbai’s ‘Digital Dabbawalas’ bask in success

A year after PM Modi’s endorsement, Mumbai’s ‘Digital Dabbawalas’ bask in success

At the peak of demonetisation and the push for a digital economy, Modi had praised the Digital Dabbawalas initiative for embracing the latest technology.

On Camera

No reason to believe Biden won’t be as friendly to Modi and India as Trump is

All administrations will see the world through the prism of US national security interests and India’s importance – with or without Modi – will weigh heavily.
Drought in India

Global GDP could fall 20% over next 80 years due to climate change, economists warn

According to an analysis, tropical and subtropical countries whose average temperatures are already warmer than 15° C today face catastrophic economic degradation.

Defence

India and China to formally verify disengagement in Ladakh by end of the week

India and China to begin next phase of disengagement only after formal verification of initial phase is complete. Verification being done through visual detection and drones.
Illustration by Soham Sen | ThePrint

It’s time for China, Pakistan, even India to rethink the fantasy Modi called expansionism

India, China and Pakistan all want territory from another. But it’s a pursuit doomed to fail as they can’t get it without annihilating the other.