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Topic: Digital economy

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

Economist, Soros: Has Hindu nationalism increased global criticism of India or bad economy?

The Economist criticised the Modi govt in its latest cover story titled ‘Intolerant India’ while billionaire George Soros said Modi was creating a 'Hindu nationalist state' at Davos.

Defence

Mi-17 V5 chopper | Wikimedia commons

Pilots of IAF chopper shot down in friendly fire in Budgam awarded gallantry medals

Four other IAF personnel on board the chopper have been awarded ‘Mention-in-Despatches’ posthumously by the President.

The world has a message for Modi: Brand India is severely damaged

India’s image — and by extension Modi’s — has been damaged by a combination of identity politics and economic decline. But the world isn’t writing us off, not yet.