Search Result for : Digital Commerce

The Dollar Business Bureau  Paytm chief Vijay Shekhar Sharma has recently shared his views on how his mobile app popularly known as Paytm can help India eradicate corruption.  He said that digitisation would eventually end corruption because digital payments put an end to unaccounted money, making payment of tax on every transaction mandatory. Elucidating the scale of the problem, he also gave instances of corruption that are dime a dozen all over the country. Not even a simple business licence is issued in India without bribery making an appearance. The malice has become a norm in running of businesses, starting right at the bottom, at the grass route level.  To be able to meet a bureaucrat, it is the peon whose pockets need to be filled ...

Sreenivasa Rao Dasari Demonetisation is not sparing any section of the society. With liquid currency, fast disappearing from the market, thousands of trucks in Telangana have been pushed off the roads throwing businesses out of gear. The air cargo segment too is feeling the heat of cash crunch which is severely affecting the foreign trade of Telangana and various businesses in the city of Hyderabad. The shortage of currency came as a bolt from the blue for the logistics industry as 50% of the trucks have suddenly become immobile. It is estimated that 10,000 trucks are operational under Hyderabad Goods Transport Association (HGTA), which makes it a business loss of over 70% to 1,000 transport companies.  The logistics business is out of gear, ...

PTI  To promote the use of digital payment systems to encourage transparency, financial inclusion and prepare a roadmap in this regard, the Modi government has formed a committee headed by Andhra Pradesh Chief Minister Chandrababu Naidu.Odisha CM Naveen Patnaik, Madhya Pradesh CM Shivraj Singh Chouhan, Sikkim CM Pawan Kumar Chamling, Puducherry CM V Narayanasamy, Maharashtra CM Devendra Fadnavis are other Chief Minister in the panel which also includes NITI Aayog Vice-Chairman Arvind Panagariya, and Amitabh Kant CEO, NITI Aayog.Nandan Nilekani, former Chairman, UIDAI, Janmejaya Sinha, Chairman, Boston Consulting Group, Rajesh Jain, Managing Director, netCORE, Sharad Sharma, Co-founder, iSPIRIT and Jayant Varma, Professor (Finance), IIM (Ahmedabad) are experts who as special invitees are part of the high level panel.According to officials, the ...

Sharath Chowdary With the increase in internet usage, online payment systems and rapid development in the telecom sector, the e-commerce business is flourishing globally. India is also witnessing a positive trend with favourable investment climate, incubators and start-ups. But, unfortunately the Small and medium-sized enterprises (SMEs) in the country are not participating actively in this growth story. “The retail showrooms are following the marketing style of online shopping portals and sending message alerts to the customers about their offers. The brick-and-mortar stores are facing pressure from the e-commerce firms. Slowly, the heat will come to SMEs also. Instead of viewing it as a threat, see it as an opportunity. This e-commerce platform provides a gateway to new avenues,” Telangana ITEC Secretary Jayesh Ranjan said. Jayesh Ranjan ...

The Dollar Business Bureau The digital commerce sector in India is expected to touch Rs.2.1 lakh crore by December 2016. A report reveals that a strong growth in the e-commerce sector has seen a growth of 68 percent from December 2015. Between the period December 2011 to 2015, there is a CAGR growth of 30% in the digital commerce market. The IAMAI-IMRB report said that the digital commerce market was valued at Rs.125,732 crore by the end of December last year. The online travel sector of the market stood at Rs.76,396 crore, which accounted for 61 percent of the market. However, in the future, it is expected to grow at a CAGR of around 40 percent and likely to reach Rs.1,22,815 crore by ...

The Dollar Business Bureau    The study titled ‘Future of e-Commerce: Uncovering Innovation’ conducted by the Associated chamber of Commerce and Industry (ASSOCHAM) and Deloitte has observed that the digital commerce market in India has grown from $4.4 billion in 2010 to $13.6 billion in 2014. Key merger and acquisition deals, including those between Softbank and Snapdeal; Flipkart and Myntra; and Ola Cabs and TaxiForSure and sky-rocket valuation of these e-commerce giants in the last one year create space for this unprecedented growth. Owing to widespread mobile usage all over, big players in the digital commerce space claim to have more than 50% of their revenue coming from mobile apps and are gearing up for more efforts on increasing their penetration ...