TITLE – DIGITAL INDIA
AUTHOR – ASHWAMEGH MUNDRE
MMS – Roll NO. 0222039
KOHINOOR BUSINESS SCHOOL
LITERATURE REVIEW
1. Digital Payment Systems in India after Demonetisation.
Since the 1960s, significant progress has been made towards a digital payment system, yet more than 85% of retail transactions worldwide still take place in cash. Higher cash-to-GDP ratios (nearly 11 to 13% in developing nations like India, Brazil, and China) and higher cash costs (which can be even higher than 1% of their GDP) combined with the explosive growth of online business transactions forced nations all over the world to switch to digital payment systems. The Indian government has launched a number of initiatives to encourage digital payments, and this was one of the key goals of the demonetisation exercise. This article makes an effort to examine the structural development and trend of digital payment transactions throughout time.
REFERENCE- SINGH,MOHINDAR VIKAS Finance India. Sep2022, Vol. 3 Issue 3, p953-970. 18p.
2. Digital India & Indian Society
It is a well-known truth that numerous breakthroughs and technological advancements led to the creation of digital India. These have a wide range of positive effects on people’s lives and will enhance society as a whole. The Digital India Programme, a Mr. Narendra Modi initiative, will lead to new developments across all industries. The concept’s goal is to create a participatory, transparent, and responsive system. By bringing synchronisation and coordination in public accountability, digitally connecting and delivering the government programmes and services, and mobilising the capability of information technology across government departments, the Indian government hopes to transform India into a knowledge economy and a society that is empowered by technology, with good governance for citizens.
REFERENCE- Chakraborty, Debarun1
Biswas, Wendrila1 Optimization: Journal of Research in Management. 2019, Vol. 11 Issue 1, p30-34. 5p.
3. Digital India In A Capsule.
The initiative’s idea has the burden of being creative and aggressive in its implementation. The BJP government’s role in the 2014 election was to focus on the digital uplift, allocating Rs 1.13 lakh crore (about US$ 17 billion) to building a technologically advanced, cybersecure environment. The idea was to expand on the idea that Indian Talent combined with information technology creates India Tomorrow. To transform an already-limited system, programmes like Broadband Highways, Universal Access to Mobile Connectivity, National Rural Internet Mission, e-Kranti, etc. were launched. The incorporation of digital trends was internalised within the introduced systems as a primary goal
REFERENCE- Bindra, Bhavika1
Amity Global Business Review. Sep2019, Vol. 9, p59-66. 8p. 1 Diagram, 2 Graphs.
4. India’s RBI Tightens Rules on Digital Lending After Complaints
After receiving several complaints about unfair recovery practises wherein various players took advantage of borrowers’ lack of financial literacy, India’s central bank established guidelines for digital lending with the goal of introducing transparency and data protection to the industry. The recommendations, according to Vivek Belgavi, Fintech and Alliances head at PricewaterhouseCoopers LLP in India, “are tilted more towards control than innovation.” He said that there would be immediate pain for regulated organisations and loan service providers.
REFERENCE- Makol, Malavika Kaur (AUTHOR)
Bloomberg.com. 8/10/2022, pN.PAG-N.PAG. 1p.
5. Digital Economy and the Role of Information Technology.
Our lives have been easier day by day as humankind has advanced from the Stone Age to the Metal Age to the Information Age that we are currently living in. However, technology is the most recent revolution to affect anthropological advancement. This phenomena has completely changed people’s lives and ushered them into the Digital Age. In order to achieve the goal of creating a “Digital India,” Prime Minister Narendra Modi announced a demonetization drive to purge the system of corruption and black money. As a result, there was a significant increase in digital payments and transactions, which led to the emergence of digital currencies and payment methods. However, information about customers’ private data, such as passwords, credit card numbers, and debit card details, and its unauthorised use by hackers,
REFERENCE-
Gupta, Meenu1 guptameenu90@gmail.com
ANWESH: International Journal of Management & Information Technology. Sep2018, Vol. 3 Issue 2, p53-58. 6p.
6. Digital Payment Sector: The Sunrise Industry in India
In the same way that the internet and mobile phones have taken over the old communication sectors, digital payments are the next-generation systems expected to transform the face of global business. Due to differing adoption and acceptance rates and various business models that can be tailored to a country’s economic and societal context, the deployment of digital payments around the world has not been uniform. In India, the growing internet and cellphone penetration makes the digital payments industry very promising. This paper covers the extensive body of research on digital payments with a special emphasis on mobile commerce, both from academic literature and corporate applications, and highlights the way forward for emerging nations like India that are on the verge of a digital payment revolution.
REFERENCE-
Goparaju, Hyma1 hymagoparaju@redifimail.com
IUP Journal of Business Strategy. Jun2017, Vol. 14 Issue 2, p7-19. 13p.
7. THE EFFECTS OF DIGITAL TRADING PLATFORMS ON COMMODITY PRICES IN AGRICULTURAL SUPPLY CHAINS.
Digital platforms for buying and selling agricultural commodities have generated significant interest in the trade literature as a way to link rural communities to the Internet. Yet, the extent to which these digital platforms actually translate into higher commodity prices for producers remains an open research question. We investigate this question by comparing transaction data on trading various grades of coffee from a recently implemented digital platform in India with similar transactions from a physical commodity auction held weekly, and farm-gate prices in the coffee producing regions of India. Although the digital platform prices closely track the physical commodity auction prices, producers obtain significantly higher prices when they sell the commodity through the digital platform rather than at the farm-gate through brokers who operate in their regions. However, coffee grades with higher price volatility and premium coffee grades that require face-to-face interactions to verify quality obtain lower prices on the digital platform
REFERENCE-
Banker, Rajiv1 (AUTHOR) banker@temple.edu
Mitra, Sabyasachi2 (AUTHOR) saby.mitra@mgt.gatech.edu
Sambamurthy, V.3 (AUTHOR) sambamurthy@bus.msu.edu
MIS Quarterly. Sep2011, Vol. 35 Issue 3, p599-A3. 16p. 5 Charts.
8. India: Taxing digital transactions in India.
The article focuses on the concerns over digital economy taxation, and the leakage of revenue on the account. It mentions that the Indian Government constituted a committee to investigate and make recommendations. It offers information on the proposed tax called the ‘Equalisation Levy’ on specified services provided by non-residents.
REFERENCE-
International Tax Review. 5/16/2016, p1-1. 1p.
9. Sevā, Swarāj, and Digital India: Sustaining Digitalization for Good-Governance.
The Indian government has advocated the social change initiative Digital India (DI) as a means of fostering good governance. Like many other e-governance initiatives, DI is still in development and hasn’t yet won over the public. Social change initiatives must be bottom-up, inclusive, and participatory if they are to be sustained. In this regard, we suggest a stakeholder consortium as the new governance structure for DI, made up of members from various societal groups. It is possible to develop a social enterprise that effects digitization for good governance when it operates in accordance with Sev and Swarj. In the end, the social realities that can establish it as a social institution can result from this, along with social fairness and public trust. A conceptual framework is created to support digitization for India’s good governance. Research and practise advancements are discussed.
REFERENCE-
Mohapatra, Siddharth1 sidmops@yahoo.com
Verma, Pratima2 verma_pratima@yahoo.com
South Asian Journal of Management. Jul-Sep2018, Vol. 25 Issue 3, p159-178. 20p.
10. Significant Policy Milestones in India’s Digital Evolution
Information and communications technology (ICT) aids in reducing poverty and encourages economic growth. The development of communications services in its current form has been made possible by the regulatory and policy framework for telecommunications in India. The second-largest wireless subscriber base in the world is found in India. However, there are still a lot of areas and industries in India where access to ICT services varies greatly. This paper summarises important policy turning points from the 1851 launch of telecommunication services in India to the recently adopted National Digital Communications Policy 2018.
REFERENCE-
Asrani, Chavi1 casrani@jgu.edu.in
Pant, Abhay2 abhay.pant@iimrohtak.ac.in
Indian Journal of Industrial Relations. Oct2022, Vol. 58 Issue 2, p353-372. 20p.a
11. CONCLUSION- The primary slogan of the Indian government is “Digital India,” which aims to digitally empower society. digital services to customers. A crucial component of digitization is digital payment. The Indian government has launched various initiatives to encourage digitisation. The car industry has used digitization as well. The use of cutting-edge technology in product manufacturing boosts sales. The US and UK use digital money the most. In order to bridge the gap between developing and wealthy nations, developing nations should adopt digital finance. . However, on occasion they feel risky refusing it. The development of the tourism business and usage of digitization are facilitated by the presence of social media and other platforms. E-commerce and digital connectivity promote the growth of small and medium-sized businesses. It is concluded that digitization has significant benefits and few drawbacks.
REFERENCE
1. SINGH,MOHINDAR VIKAS Finance India. Sep2022, Vol. 3 Issue 3, p953-970. 18p.
2. Chakraborty, Debarun1
Biswas, Wendrila1 Optimization: Journal of Research in Management. 2019, Vol. 11 Issue 1, p30-34. 5p.
3. Bindra, Bhavika1
Amity Global Business Review. Sep2019, Vol. 9, p59-66. 8p. 1 Diagram, 2 Graphs.
4. Makol, Malavika Kaur (AUTHOR)
Bloomberg.com. 8/10/2022, pN.PAG-N.PAG. 1p.
5. Gupta, Meenu1 guptameenu90@gmail.com
ANWESH: International Journal of Management & Information Technology. Sep2018, Vol. 3 Issue 2, p53-58. 6p.
6. Goparaju, Hyma1 hymagoparaju@redifimail.com
IUP Journal of Business Strategy. Jun2017, Vol. 14 Issue 2, p7-19. 13p.
7. Banker, Rajiv1 (AUTHOR) banker@temple.edu
Mitra, Sabyasachi2 (AUTHOR) saby.mitra@mgt.gatech.edu
Sambamurthy, V.3 (AUTHOR) sambamurthy@bus.msu.edu
MIS Quarterly. Sep2011, Vol. 35 Issue 3, p599-A3. 16p. 5 Charts.
8. International Tax Review. 5/16/2016, p1-1. 1p.
9. Mohapatra, Siddharth1 sidmops@yahoo.com
Verma, Pratima2 verma_pratima@yahoo.com
South Asian Journal of Management. Jul-Sep2018, Vol. 25 Issue 3, p159-178. 20p.
10. Asrani, Chavi1 casrani@jgu.edu.in
Pant, Abhay2 abhay.pant@iimrohtak.ac.in
Indian Journal of Industrial Relations. Oct2022, Vol. 58 Issue 2, p353-372. 20p.a