Demonitisation, GST to transform India's business outlook
Deepak KumarThe government has recently taken two transformational initiatives – demonitisation to promote a cashless society and GST to uniform the country’s tax regime – which will affect a lot of people, a senior government official said. The government is working towards a cashless society, and the use of electronics devices will help us achieve the objective, said P P Chaudhary, Minister of State for Electronics & IT. Currently, 102 crore mobiles are being used in the country, but a very small percentage of population is using mobile banking on their cell phone. Nearly 83 crore people live in the rural areas, and very few use their mobile phones for any transactional purpose, which is why it is important for the government to ...
Digital India can produce several Alibabas: Communications & IT Minister
The Dollar Business Bureau | @TheDollarBiz Mobile phone connectivity has reached the most remote parts of the Sundarbans jungles, West Bengal, India, but internet usage remains low There is a vast potential for the e-commerce sector to grow in India with the implementation of the Digital India programme, Ravi Shankar Prasad, Communications & IT Minister, said at the 10th national summit on E-governance & Digital India organised by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) in New Delhi yesterday. Prasad said, “I see a vast opportunity for e-commerce…I see almost an explosion of various kind of availability of services through e-commerce.” Retail exports (e-tailing) is a growing sector in India and e-commerce plays a key role in ...
