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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.

Updated : Feb 28, 2023

India’s Economic Growth Slows In Q3 FY23

India’s gross domestic product (GDP) data for the October-December 2022 quarter (Q3FY23) has been released on February 28. The GDP growth rate slows to 4.4 percent in the preceding quarter, after a double-digit expansion in the first quarter of the current financial year. The Q3 GDP numbers will play a key role in setting market sentiment on Tuesday. Catch BTTV's Managing Editor Siddharth Zarabi with Saugata Bhattacharya, Senior Vice President & Chief Economist, Axis Bank, and Madan Sabnavis, Chief Economist, Bank Of Baroda.

Updated : Feb 08, 2023

Policy Tightening In Light Of U.S FED Rate Hike?

What course of action will the RBI MPC take in the first policy meeting of this year and immediately after a capex Budget? While there is a higher likelihood of a modest 25 bps (or even lower) hike in the repo rate, the probability of a pause has also increased due to the last two monthly inflation prints and the relatively conservative borrowing projections for FY24. The headline CPI inflation dropped to 5.88% in November and further to 5.72% in December below the upper limit of the MPC tolerance band after staying above that level for ten consecutive months in the last calendar year. Further, the global inflation levels have also peaked with increased signs of slowdown and moderation in commodity prices, leading to major central banks curtailing the quantum of rate hikes to 25 bps from the earlier 50-75 bps. On the other hand, the rationale for going for another round of hikes is to anchor inflationary expectations, given that core inflation still continues to reign above 6 percent, and also stem the capital outflows which saw a spurt this January. While these data points may make it difficult for RBI to arrive at a decision, the prospects of a revision in monetary stance to neutral is strong.”

Updated : Jan 31, 2023

Experts: Adani's P/E At Stratospheric Levels, Group CFO Denies

Jugeshinder "Robbie" Singh, CFO of the Adani Group, talks financials with BTTV Managing Editor Siddharth Zarabi. Jugeshinder Singh claims that the company’s P/E is not excessive and is in line with world averages. However, because Adani is a high-growth infrastructure firm, P/E may even be a thousand times higher, he added. Here’s a slice from that exclusive chat

Updated : Jan 30, 2023

Will PSUs Continue Lending To Adani?

The Business Today Managing Editor Siddharth Zarabi quizzed Jugeshinder Singh, CFO of the Adani Group, on financing from public sector entities and whether institutions like LIC will continue to invest in Adani as experts raise concerns on the safety of public funding. Singh clarifies that the insurance behemoth has profited greatly from its investment in Adani and that organisations like itself have reliable systems in place to make decisions while simultaneously factoring in the risks.

Updated : Jan 30, 2023

Adani Group Responds On MSCI Issue

In an exclusive conversation with Business Today’s Siddharth Zarabi, Adani Group CFO Jugeshinder Singh says that the global index provider MSCI has not reached out to the company to seek their response over the Hindenburg Research report. When you emerge on the global stage as a large platform, there are growing pains. We have to deal with this maturely, says Singh in response to a question about MSCI seeking feedback on the said allegations