Digital Economy News
Economic Survey says digital economy to transcend $1 trillion by 2025, impact gig economy
The growth is expected to create 235 million gig workers by FY30, enhancing job opportunities and bridging the gender gap in the workforce.
1 min read31 Jan 2025India’s digital public infrastructure: A catalyst for innovation and competition
Far from monopolizing markets, the open-access platforms of DPI have helped level the playing field for small firms and helped new ideas flourish. An example is Namma Yatri, a ride service that operates on ONDC and has taken on incumbents.
3 min read21 Nov 2024There is a case for specific cryptos as investment options: Smarak Swain, IRS
Although these specific cryptos do not yield dividend or interest, they give returns in the form of appreciation over time.
6 min read19 Jul 2024The Battle for Internet Search | Mint Explains | Mint
The video discusses the emergence of chatbots powered by artificial intelligence (AI) and their potential impact on the internet search industry, which has been dominated by Google for over two decades. It highlights the fact that ChatGPT, made by OpenAI, is the leading chatbot in the field, and it can write essays, explain complex concepts, summarize text, and answer trivia questions. Microsoft and Google are developing their chatbots, and Baidu is releasing its chatbot called Ernie in March. However, chatbots face several challenges, such as bias, prejudice, and misinformation, and they must tread carefully around sensitive topics. Chatbots can make money by selling premium versions, showing ads, or charging advertisers for the ability to influence the answers provided. The video raises questions about censorship, objectivity, and the nature of truth and whether chatbots are competitors to search engines or complements to them.
31 Jul 2023Bessemer sees $200 bn market in online B2B marketplaces in India
Rising internet reach, growth of digital infrastructure, favourable regulatory policies and a conducive cross-border environment are likely to aid the growth in India’s B2B online marketplaces.
1 min read18 Jul 2023Lobbyists, Guns and Miles: The Fierce Debate Over Credit Card Costs
A proposal to try to lower the fees that merchants pay on credit cards comes at a sensitive political moment for banks—but has also created some very complicated allegiances
4 min read30 Jun 2023OECD’s two pillar tax approach needs rework to gain acceptance
It must shed complexity and reflect true value creation in the source economy so that the Global South isn’t disadvantaged
1 min read30 May 2023UPI transactions to account for 90% of retail digital payments by 2026-27: PwC India report
UPI accounted for about 75 per cent of the total transaction volume in the retail segment during 2022-23, said the PwC report
2 min read29 May 2023India plans action against Google after antitrust breaches
India’s antitrust body in October fined Google $275 million in two cases, which involved abusing its dominant position in the Android operating system market, and pushing developers to use its in-app payment system.
2 min read20 May 2023Online gaming rules provide clarity, will bolster innovation and growth
Critical issues like addiction and user harm will be addressed by these rules
3 min read7 Apr 2023Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared