iWorld

Less-cash to digital economy the goal, but remonetisation behaviour uncertain, feels Jaitley

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2016/12/24/Arun-Jaitley-800x800_0.jpg?itok=xQ2GXyYo

NEW DELHI: Huawei Telecommunications India CEO Jay Chen has said that demonetisation and the resultant shift to digital economy will help India bridge the digital gap and transform the country into a digitally empowered society and knowledge economy.

Addressing a ‘Digital Economic Forum 2016’ organised by Times Network in association with Huawei India, Chen said “Today India is at the centre of the world’s attention thanks to the vision and leadership of the present Government. Key national initiatives have given an impetus to the Indian economy. Digital India specifically, is the engine of all the key initiatives. We believe the recent drive by the Government towards digital payments is the heart of a digital economy. The recent high value currency demonetisation is a lifetime opportunity for India to leapfrog into a digital economy.”

Other speakers included Finance Minister Arun Jaitley, and Power and Coal Minister Piyush Goyal and those present included Vodafone India External Regulatory Affairs Director P Balaji, Mobikwik founder andf CEO Bipin Preet Singh, Shopclues founder Sanjay Sethi and State Bank of India MD Praveen Kumar. The forum included a panel discussion on ‘Digi-Monetisation: Sparking a less cash economy in India’ that involved participation from key industry experts.

Jaitley said, "Management of the economy does not depend on the kind of slogans people create. India is an economy that has been suffering with a high cost of capital. The ultimate goal is to digitise the economy. A less-cash economy is supplemented with a digital economy. There is no settled behaviour as to how people will behave when remonetisation sets in. Digitising the economy gives us a great opportunity. Over the next few years, the incremental impact of Digi- monetisation will also be felt in the economy. Lastly, we should make political funding transparent."

Goyal said "Digital push was an integral part of demonetization exercise. Any move as big as demonetisation is bound to have some small issues. Today telecom companies have confirmed that spectrum is no longer an issue. Once the person gets addicted to digital transaction, then the possibility of fraud will also reduce. Currently we are looking for a change in the working and mindset of the country. As we say that, the country's youth have a lot of potential for innovation. Lastly, I would like to congratulate the Times Network for such an initiative like Digital Economy Forum."

Times Network executive editor Navika Kumar moderated Q and A sessions with Jaitley and Goyal.

Times Network MD and CEO M K Anand said, “As a successful media company we have to be aware of the pulse of our audience. In the last 12 years, we have seen a distinct change in the mood of this country. Indians are in a hurry to progress. And they are willing to undergo pain if needed to quickly move forward. We have aptly captured and reflected this mood of the nation in our hallmark tagline NOW or Nothing. This mood of the people is reflected by the most action oriented government that this country has seen in a long while. Demonetisation or remonetisation as we call it is an expression of Now or Nothing. As India’s premium network for influencers, we believe it is within our power and mandate to contribute to this historic endeavor. Amongst a series of initiatives aimed at bringing clarity and accelerating much needed understanding and action in this area, the Digital Economy Forum has been designed to look at Digitisation as a means and an end to Demonetisation and the benefits thereof.”

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/15/byomkesh.jpg?itok=Y-zgJKg8
Catch the mystery of Satyakam's murder in Byomkesh on Hoichoi

After a massive success of the inaugural season of the first ever web series on Byomkesh, hoichoi, the Bengali entertainment content platform, announced the launch of its Season 2 today. The 1-hour-long first episode of Byomkesh Season 2 will start streaming on hoichoi globally from Saturday,...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/15/samer_1.jpg?itok=t6yF7ocX
Viu & Nicotex Partner to Launch Adventure Series 'I Can You Can'

Viu announced the launch of its first adventure reality show ‘I Can You Can’ in partnership with Nicotex. The show is produced by BBC, India. With the introduction of this new style of journey-based content, Viu continues to offer fresh and compelling content in a variety of genres.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/14/discovery.jpg?itok=Sqxv9xYa
Discovery to launch digital channels, ties up with telcos

Discovery Communications India (DCIN) is planning to disrupt the digital space with the launch of bespoke direct-to-consumer and mobile-first channels in February 2018. The new mobile-first channels will focus on four core-interest areas—military, girlist, automotive and food. The first two...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/13/netflix_0.jpg?itok=eP3fWaVf
Indians binge watch Netflix faster than global average

India saw a massive rise in Netflix binge-watching this year. Here’s a flashback at the most intriguing streaming moments that defined the platform’s viewership in 2017.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/13/semi.jpg?itok=sqE324qM
Semi-urban connect helps FilterCopy attain top slot on Facebook

MUMBAI: It’s time to pour a nice cup of filter coffee because it’s no small feat to beat a giant like Buzzfeed. According to a report by Vidooly, FilterCopy page ranked top on Facebook with more than 71 million (71,128,760) views in new age entertainment category with 27.4 million (2,743,641)...

iWorld Social Media
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/12/Mukesh-Ambani.jpg?itok=LOJOesz0
RIL to plan IPO for Reliance Jio: Bloomberg

Reliance Industries Ltd (RIL) may launch the initial public offering (IPO) for Reliance Jio by late 2018 or early 2019 to further challenge the collective might of Airtel and the Idea-Vodafone combine, according to a Bloomberg report. Reliance Jio, which hasn’t made a profit since its official...

iWorld Telecom
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/12/yuutube.jpg?itok=rbwv91hH
Health & beauty YouTube's fastest growing vertical in 2017 for India

YouTube remains the top video entertainment hub – with over 225 million Indian smartphone users, using the app every month. India also reached not one, but two major YouTube milestone this year, with 200 channels now crossing the one million subscriber mark and three channels achieving 10 million...

iWorld Video On Demand
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/12/Manav_Sethi_0.jpg?itok=KqWggyLS
Regional content on ALTBalaji to constitute 15% of show hours

MUMBAI: The year 2017 has witnessed the phenomenal growth of regional languages, such as Tamil, Telugu, Malayalam, Gujarati, Marathi and Bengali, over Hindi and English. OTT players like ALTBalaji, Viu, Amazon, SonyLIV, Voot, Hotstar, Netflix, and YuppTV have taken a deep dive into offering...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/11/manav.jpg?itok=RDQizBci
Mastiii and PEN tie-up for win-win deal

Mastiii is all set to make a mark in the mobile app industry. The channel will soon expand its digital footprint via an exclusive content association with PEN India and will be available on its latest, Bollywood Times Mobile App, a one-stop destination for entertainment needs starting 9 December...

iWorld Over The Top Services

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories