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Easynomics
Updated : Sep 12, 2023

The India-U.S. 6G Alliance: Pioneering Next-Generation Connectivity

India and the United States announced a critical alliance which is aimed at propelling 6G technology into the spotlight. This marks a milestone in the journey towards next-generation wireless networks for high-speed internet. Here’s a slice of what TCS COO NG Subramaniam, the Chairman of the Bharat6G Alliance, had to say to BTTV Managing Editor Siddharth Zarabi

Updated : Sep 10, 2023

#Easynomics | As World Leaders Depart, India Finds Itself Thrust Into Global Spotlight

As world leaders depart from the G20 Summit, India emerges in the global spotlight, showcasing its growing influence and role in international affairs. Stay tuned to #Easynomics for a comprehensive analysis of India's position on the global stage and the implications of its participation in this prestigious event. Listen in to know more.

Updated : Sep 09, 2023

G20 Delhi Declaration Adopted

The G20 Delhi Declaration has been officially adopted, signifying a significant milestone in the G20 Summit's proceedings. This declaration outlines the key agreements and commitments made by world leaders during the G20 Summit 2023, addressing critical global issues and shaping the path forward for international cooperation. To get more insights catch Siddharth Zarabi, Managing Editor, Business Today TV in conversation with Shankkar Aiyar, Political Economy Analyst, Author & Columnist, Dr. Sunil Sinha, Director & Principal Economist, India Ratings, Subhash Garg, Former Finance & Economic Affairs Secretary

Updated : Aug 09, 2023

RBI Policy: MPC May Leave Repo Rate Unchanged

The monetary policy committee (MPC) of the Reserve Bank of India (RBI) may maintain a status quo on policy rates on August 10. Currently, the repo rate stands at 6.50 per cent, which the RBI’s MPC has kept unchanged for the last two cycles. Before that, the central bank’s policy committee hiked the repo rate by 250 basis points from May 2022 to February 2023.BTTV's Managing Editor Siddharth Zarabi Sseaks to RBL Bank's Economist Achala Jethamalani and QuantEco's Economist Vivek Kumar

Updated : Aug 08, 2023

India Has 3085 Fintech Startups And The Number Is Growing

India has 3,085 startups registered with the Department for Promotion of Industry and Internal Trade (DPIIT) in the fintech sector. The Fintech sector in India has witnessed funding accounting to 14% share of Global Funding. India ranks #2 on Deal Volume. The Fintech Market Opportunity is estimated to be USD 2.1 Tn by 2030. BTTV's Managing Editor Siddharth Zarabi Speaks to CBO of India Lends Somyajit Ghosh and Co-founder of Kiwi Mohit Bedi.

Updated : Aug 04, 2023

What Does The Digital Personal Data Protection Bill, 2023 Contain?

After a long wait, the Digital Personal Data Protection Bill, 2023 was presented in the Lok Sabha by Union Communications, Electronics, and Information Technology Minister Ashwini Vaishnaw introduced. The bill, which brings India closer to having its first legislation that addresses citizens' privacy and establishing guidelines for how individuals' data can be used by private or government entities, was dissented by the opposition members, but the industry has welcomed the move. Manish Sehgal, Partner, Deloitte India, said: “The much-anticipated privacy bill (referred to as Digital Personal Data Protection Bill, 2023), was tabled in the Parliament. Once enacted, it will enable individuals (referred to as Data Principals) to govern their own personal (digital) data, and will drive enterprises (referred as Data Fiduciary) to process personal data of individuals in a lawful manner, for specific purposes only.” Sehgal added: in view of the bill’s extra-territorial coverage, enterprises based outside India serving individuals in India will also be expected to adhere to the provisions of this bill once enacted. Enterprises will have to review the current ways of working especially for the personal data of individuals such as their employees, customers, merchants, vendors, etc. to be able to honour the rights that individuals may exercise, such as the right to access, update, erase their personal data etc. Non-adherence of obligation listed in the bill may attract sanctions and commercial penalty as high as Rs 250 crore. Shahana Chatterji, Partner, Shardul Amarchand Mangaldas & Co says DPDP Bill strikes an important balance in protecting users’ rights and promoting innovation in digital businesses.

Updated : Aug 03, 2023

Data Protection Bill 2023 Tabled In Lok Sabha! Significance For You!

The much-awaited Digital Personal Data Protection Bill was introduced in Lok Sabha today by Electronics and Information Technology Minister Ashwini Vaishnaw. The bill seeks to protect the digital data of citizens by incorporating provisions on how such data can be used. BTTV's Managing Editor Siddharth Zarabi Speaks to N.S. Nappinai, Advocate, Supreme Court, Arun Prabhu, Partner & Head-Technology & Telecom; Cyril Amarchand Mangaldas and Prateek Waghre, Policy Director, Internet Freedom Foundation.

Updated : Jul 12, 2023

Nitish Mittersain Of Nazara Tech Explains The Impact Of 28% GST On Online Gaming

Watch Siddharth Zarabi, Managing Editor, Business Today TV In an insightful discussion with Nitish Mittersain, JD. Managing Director, Nazara Tech. He sheds light on the implications of a 28% Goods and Services Tax (GST) on online gaming. Mittersain delves into the impact this tax rate can have on the online gaming industry, analyzing aspects such as user behaviour, revenue generation, and market competitiveness. Listen in to know more.

Updated : Jul 06, 2023

CBIC Launches Drive Against Fake Invoices and Bogus Entities in GST

The Central Board of Indirect Taxes and Customs (CBIC) has taken proactive measures to tackle the issue of fake invoices and bogus entities in the Goods and Services Tax (GST) system. Numerous cases have emerged where fraudulent firms were created to submit false claims, including fake Input Tax Credits (ITCs). The CBIC, in collaboration with the central and state authorities, has initiated a comprehensive drive leveraging data analytics to identify suspicious entities. So far, the drive has uncovered 24,000 fake GSTNs and identified approximately 60,000 entities for investigation. The exposure to fake ITCs has reached around Rs 14,000 crore, highlighting the significance of these initiatives in curbing misuse and ensuring the integrity of the GST system. Catch Siddharth Zarabi in an exclusive conversation with CBIC Chairman Vivek Johri on drive against Fake Invoices and GSTIN

Updated : Jul 06, 2023

CBIC Chairman Vivek Johri Foresees Reduction in Tax Rates Through Rate Rationalisation

In an Exclusive Conversation with BTTV’s Managing Editor Siddharth Zarabi Vivek Johri Chairman CBIC discusses the report submitted by the Group of Ministers (GoM) on the removal of exemptions and the inverted duty structure. The majority of these decisions have already been put into effect, aiming to streamline the overall rate structure. The rationalization efforts are anticipated to result in a reduction in tax rates. The GoM will be re-constituted, and any recommendations that arise will be carefully considered by the council. However, predicting a specific timeline for these deliberations remains challenging at this stage. The focus is on ensuring a comprehensive and well-informed approach to rate rationalization in order to achieve desired outcomes.

Updated : Jul 06, 2023

Petroleum Products & Alcohol In GST Need Steady Revenues: CBIC Chief Vivek Johri

In an Exclusive Conversation with BTTV’s Managing Editor Siddharth Zarabi Vivek Johri Chairman CBIC discusses The major sector currently outside the scope of GST includes petroleum products and alcohol. The revenue position from SGST (State Goods and Services Tax) has become more comfortable, making it easier to bring these items under the GST framework. However, according to constitutional provisions, the GST Council will need to make recommendations on this matter. For such inclusion to occur, it is crucial for revenues to stabilize and demonstrate sustained growth, ensuring the necessary financial stability and flexibility.

Updated : Jun 05, 2023

CII President R. Dinesh Says India Remains In A Bright Spot

The Confederation of Indian Industry (CII) has projected a growth of 6.5 to 6.7% for the Indian economy this fiscal but has warned of numerous headwinds as well. R Dinesh, the new President of CII, spoke to Siddharth Zarabhi, Managing Editor of Business Today TV, about the economy and also how more international CEOs are now eager to invest in India. R Dinesh has also said that inflation in FY24 is expected to fall within RBI range to 4.5-5.5% and praised RBI for maintaining the balance between growth and cost. Watch this excerpt from the exclusive conversation.

Updated : May 24, 2023

Easynomics: Why Taxing Foreign Spends Via Domestic Credit Cards Is Regressive?

Watch this Easynomics Exclusive interview where Dr. Surjit S. Bhalla, former Executive Director, IMF and former Member, PMEAC tells BTTV Managing Editor Siddharth Zarabi that he believes that taxing foreign spends via domestic credit cards is a regressive move.

Updated : May 23, 2023

Easynomics: Why Taxing Foreign Spends Via Domestic Credit Cards Is Regressive?

Watch this Easynomics Exclusive interview where Dr. Surjit S. Bhalla, former Executive Director, IMF and former Member, PMEAC tells BTTV Managing Editor Siddharth Zarabi that he believes that taxing foreign spends via domestic credit cards is a regressive move.

Updated : May 10, 2023

Easynomics: India Stood Out Globally For Reducing Eco Policy Uncertainty!

Policy paralysis and economic uncertainty were the buzzwords used to describe PM Manmohan Singh’s last years in power…After the BJP came to power in 2014, the Modi government promised that uncertainty in economic policy would be a thing of the past… And as PM Modi nears 10 years in power, how has his government fared on this front? Catch Siddharth Zarabi, Managing Editor, Business Today TV in conversation with Shubhada Rao, the founder of QuantEco Research and Vivek Kumar, Economist, QuantEco Research to answer the question with a new report on this subject

Updated : May 10, 2023

Modi Government Will Come Back In 2024, Says Dr Arvind Panagariya! Watch!

In an exclusive interview with Business Today's managing editor Siddharth Zarabi, former NITI Aayog vice chairman Dr. Arvind Panagariya discusses the economic performance of the Modi administration. He claims that because some of the most difficult reforms were implemented during the present administration, it has performed better than its predecessors. He focused on a few topics, like the bankruptcy code, digital infrastructure, and the implementation of the GST, but others, like increased education spending, still require government attention. Watch this excerpt.

Updated : May 09, 2023

India Has Potential To Grow At 9%, Says Former NITI Aayog VC Dr. Arvind Panagariya

With recent economic disruptions including the commodity shock largely behind us, India’s economy is currently on a strong wicket and can soon achieve 9 per cent GDP growth. That’s the word from noted economist and former vice-chairman of the Niti Aayog Dr Arvind Panagariya. Here’s more from an exclusive conversation with BTTV Managing Editor Siddharth Zarabi.

Updated : Apr 20, 2023

Heatwaves Could Seriously Stunt India’s Economic Growth: Study

Catch Dr Ramit Debnath, Inaugural Cambridge Zero Fellow, University of Cambridge in conversation with Business Today TV Managing Editor Siddharth Zarabi on a study by the University of Cambridge that states that heatwaves could seriously stunt India’s economic growth. According to the study, rising temperatures could cross the survivability limit for a healthy human by 2050 and have a massive impact on public health, food availability and socio-economic systems. The study warns that the Indian government is not taking this into consideration in its economic planning. April has already seen an orange warning being issued by the Indian Meteorological Department for six states. The IMD warned of serious heat conditions over Gangetic West Bengal, Bihar, Sikkim, Odisha, Jharkhand and Andhra Pradesh. This heat could even shrivel the Indian economy. A study by the Britain’s University of Cambridge has warned that these heatwaves are holding back the development of Asia's third-largest economy and the impact is not being measured by the Indian government in its economic or climate forecasts. The study warns about the damage to the high proportion of rural workers and labourers forced to work outside even as temperatures and humidity soar. The researchers measured the physical impact of last year's record-breaking 49 degrees Celsius heat on India's population and found that the country's population is among the most at risk of the effects of high heat, which is becoming more severe with climate change. Incredibly, India recorded 242 days of extreme weather conditions in the first ten months of 2022, making it nearly one extreme event daily. The study says that as much as 90% of India’s total area now lies in extreme heat danger zones. According to the study, Indian heatwaves could cross the survivability limit for a healthy human resting in the shade by 2050. Moreover, the heatwaves will impact labour productivity, economic growth and quality of life of around 310–480 million people. Estimates show a 15% decrease in outdoor working capacity during daylight hours due to extreme heat by 2050. The increased heat is expected to cost India 2.8% of its GDP by 2050 and an incredible 8.7% of its GDP by 2100.

Updated : Apr 07, 2023

Experts See A Relief From Rate Hikes Further In FY24! Is Inflation Tapering Down?

This year, fears of inflation are likely to diminish more, and RBI may be left without a reason to raise core lending rates. So, will RBI raise rates further in the financial year 2023-24? The answer is 'likely NO'. 'IT LOOKS LIKE THE END OF HIKING CYCLE', this is what Madan Sabnavis, Chief Economist, Bank of Baroda ANK believe citing a weakening inflation ahead. What else should you take note of before going ahead with new borrowings this year ahead, Join BTTV's Managing Editor Siddharth Zarabi with Madan Sabnavis to know more.

Updated : Apr 06, 2023

RBI Pauses Rate Hike After A Year! What Is There For Home Loan Borrowers?

Many homebuyers who have been battling increasing home loan interest rates are relieved by the Central Bank of India's (RBI) decision to hold the repo rate constant at 6.5 percent in its first bimonthly monetary policy review of FY24 on Thursday. Banks must pay more to borrow money from the RBI when the repo rate is high, and this expense is passed on to borrowers in the form of higher interest rates. How will things develop going forward for loan borrowers, especially those who have taken out home loans? Join BTTV's Managing Editor Siddharth Zarabi with Madan Sabnavis to know more.

Updated : Apr 06, 2023

Overtightening & Fears Of Slower Growth Weigh On RBI

The Reserve Bank of India on Thursday hit the pause button and decided to keep the key benchmark policy rate at 6.5 per cent even as inflation is trending above its tolerance level. The rate hike has been paused after six consecutive rate increases aggregating to 250 basis points since May 2022. Announcing the bi-monthly monetary policy, RBI Governor Shaktikanta Das said the Monetary Policy Committee will not hesitate to take action in the future. The policy stance has been maintained as “withdrawal of accommodation”. The central bank has also kept the standing deposit facility rate, marginal standing facility and bank rates unchanged at 6.25 per cent and 6.75 per cent respectively. The central bank has projected inflation to drop to 5.2 per cent for 2023-24. The central bank has also projected GDP growth for 2022-23 at 7 per cent and 6.5 per cent for 2023-24.