Search Result for : Digital Services

The Dollar Business Bureau  India’s IT software exports are expected to grow at 7-8% during the current financial year 2017-18, which is less than 8-10% in the previous fiscal of 2016-17, the apex trade body NASSCOM said on Thursday. “The outlook for the IT industry in fiscal 2017-18 is 7-8% growth in exports and 10-11% in the domestic market as against 10-12% in 2016-17,” NASSCOM said in a statement. The Indian IT services sector has been coping with a slowdown in the business of banking and financial services, which contributes a major part to the revenues. It has also been impacted by its retail customers facing a sluggish growth from the upsurge of online retail channels. India’s $150-billion IT industry revenues mainly come from Business Process Management (BPM), software ...

The Dollar Business Bureau The government has unveiled a path-breaking payment method, routed in the revolutionary Aadhaar Card, a unique identification mechanism that uses biometrics. Soon, the Indian citizen will walk into shops and settle his bills using his Aadhaar number, making wallets or mobile phones redundant for the purpose of making payments.  "We are going to start Aadhaar Pay. People can visit any merchant, share their Aadhaar number and verify themselves using biometrics to pay and receive money," Electronics and IT Minister Ravi Shankar Prasad said.  Not specifying a date for its launch, the Minister said that Aadhaar Pay will soon be implemented. The new payment idea has already roped in 14 banks, and is in the process of enrolling other banks.  Bharat Interface for Money (BHIM), a mobile payments application recently launched by the government to boost digital transactions, is also ...

The Dollar Business BureauGoogle CEO Sundar Pichai on Thursday underlined that entry-level smartphones in India need to be priced around $30 to facilitate people with the Internet and digital services.   Speaking at IIT-Kharagpur, Pichai said the focus should also be given to local language support and improving connectivity in India.   “I would love to see cheaper smartphones, entry-level smartphones. I think really we need to bring the prices down even more, maybe at $30 level.   He said Google was in continuous talks with Indian stakeholders to roll out many projects under the government’s Digital India scheme. It already has forged a partnership with RailTel for offering Wi-Fi services at railway stations and with the NPCI for enabling digital payments across the country.   Mr. Pichai said he ...

The Dollar Business Bureau Vodafone on Tuesday launched a feature on its mobilewallet application to enable merchants to receive payments aimed to cash in on the cashless transaction atmosphere post the Government's demonetisation move. "M-Pesa Pay is a new feature which we're adding on to M-Pesa to enable ease of transactions between merchants and customers. M-Pesa Pay is really a merchants’ product," Vodafone managing director and chief executive Sunil Sood said to the reporters. Sood said the new special feature will be a substitute for the capital-intensive PoS machines. Merchants will be required to download the application only once, which will swiftly make their cashless transactions with customers. The country’s second largest telecom service provider’s mobile wallet M-Pesa has existed for several years now. ...

The Dollar Business Bureau A 4-member delegation from the Govt. of UK consisting of senior officials from UK’s Government Digital Service (GDS), led by Mr. Andy Beale, Chief Technology Officer, held a meeting with the Indian delegation led by Secretary, Department of Administrative Reforms and Public Grievances (DARPG), Shri C. Viswanath, on 26th September. The delegation is presently on an official visit to India during September 26-28, 2016 and is meeting the Indian delegation under the Memorandum of Understanding (MoU) with Government of UK on ‘Cooperation in Public Administration and Governance Reforms’. During the meeting, both sides discussed and shared best practices in e-governance, citizen-centric online delivery of services, good governance practices in public administration, user led service design and Government Process ...

The Dollar Business Bureau A government appointed committee proposed an Equalization Levy of 6% - 8% on e-commerce transactions that cross Rs.1 lakh. This move is to bring the burgeoning e-commerce sector under the tax net. In its report to the Finance Ministry, the committee stressed, “that only payment exceeding Rs.1 lakh made by a resident Indian or a permanent establishment of a non-resident person to a non-resident enterprise be covered under this levy, which may be charged at a rate between 6% - 8% of the gross payment made for specified services.” This equalization levy could be imposed on a wide spectrum of digital services and facilities that included – cloud computing, website designing hosting and maintenance, online marketing and ...