While visiting an offline store still has its charm, there is something to be said about the ease and convenience of using your phone or computer to search for and buy something online, pay for it with a few clicks and have it delivered to you. Each shopping website, bank and wallet provider is trying to offer the best possible deal.
This initiative will be a conduit for reducing NPA as it works on data transparency, data analytics, artificial intelligence which does not have any human biasness and can also help banks and NBFCs to enforce credit discipline on consumers.
It is quite commonplace to hear that India will be an economic superpower in a few decades. However, the current reality is far from it. One cannot deny the abysmal standard of living of our citizens. Indias real Gross Domestic Product (GDP) per capita (at 2010 prices) for 2016 stands at just $1,861.5 while the other BRICS nations -- China ($6,893.8), Brazil ($10,826.3), South Africa ($7,503.3) and Russia ($11,099.2) -- are higher up on the scale.
Organised by Micro, Small & Medium Enterprises Development Institute (MSMEDI), the event will continue till Wednesday to become a wide platform for interaction for all the stakeholders.
For India's export community, there has been a delay in grant of refunds pertaining to Integrated Goods and Services Tax (IGST) paid on goods exported out of India and Input Tax credit (ITC) on exports.
When it comes to Big Data and Analytics, Indian enterprises are adopting the technologies to improve operations and enhance customer experience at a greater pace than the rest of the Asia-Pacific (APAC) countries, a senior executive from Cloud major Oracle has said.
"With an aim to build a pan India presence, ESAF Small Finance Bank will have a total of 100 branches by March this year. So far, the bank total business crossed Rs 6,000 crore", ESAF Small Finance Bank, Managing Director and CEO, K Paul Thomas said in a statement.
The co-working industry loves startups for their spirit of collaboration and high energy. But the industry is gradually gravitating towards large companies.
Export credit agencies (ECAs) have globally played a significant role in promoting trade and investments by providing insurance and funding. It is important for global infrastructure investors and the Indian government to look at ECAs as a significant enabler of much-needed infrastructure investments in India.
Oxigen's strategic move comes in the wake of digitising employee benefits and reimbursements, which, as per a recent study, the industry accounts for approximately over Rs. 5000 crores and largely paper-based.
For most part of human history, change was glacial in pace. It was quite safe to assume that the world at the time of your death would look pretty much similar to the one at the time of your birth. That is no longer the case, and the pace of change seems to be growing exponentially. Futurist Ray Kurzweil put it succinctly when he wrote in 2001: "We wont experience 100 years of progress in the 21st century - it will be more like 20,000 years of progress (at todays rate)." Since the time of his writing a lot has changed, especially with the advent of the internet.
Singh said that employement pportunities were also being created because of the Mudra (Micro Units Development and Refinance Agency) loan scheme that had made people self-employed.
Although supersonic travel bade goodbye over a decade ago with Concorde, a US-based start-up, Boom, is now developing a jetliner that will fly nearly 75 people -- at the cost of a business class ticket -- from New York to London in a little over three hours in 2023.
Stating that the Centre is open to all suggestions from stakeholders, he said the ministry is studying the model adopted by Madhya Pradesh and Telangana.