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Over 10 lakh Indian digital content creators on social media are likely to earn more than $500 (a little over Rs 41,000) a month each in the next three years, a report revealed on Friday. The annualised growth rate for India is over 115 per cent for individual creators as compared to the global growth rate of 18 per cent, according to the report by creator economy startup Animeta on the 'International Creators Day'. In three years, 10 lakh creators in India would have at least 1...
10 lakh Indian digital content creators likely to earn Rs 40K a month each
The Reserve Bank of India's (RBI's) Executive Director -- Ajay Kumar Choudhary has said that digital currency will further bolster the digital economy, make payment system more efficient, reduce cost involved in physical cash management and also contribute to further financial inclusion. He said the RBI has already launched pilots of Central Bank Digital Currency (CBDC) in wholesale and retail segments last year. He said the CBDC is just a digital form of the physical curre...
Digital currency to further bolster digital economy, make payment system more efficient: RBI's Executive Director
The Reserve Bank of India's first pilot for a retail e-rupee, its version of the central bank digital currency (CBDC), will be launched on Dec. 1, it said in a statement on Tuesday. The pilot will cover select locations in a closed user group comprising participating customers and merchants, the central bank said. "It would be issued in the same denominations that paper currency and coins are currently issued," the statement added. "It would be distributed through int...
India central bank to start pilot of retail digital rupee on December 1
Reliance Retail-based Dunzos B2B logistics arm, Dunzo for Business (D4B), on Thursday announced its partnership with the governments Open Network for Digital Commerce (ONDC) to provide last-mile delivery services to local enterprises on the ONDC network. D4B has a fleet of over 75,000 delivery partners, connecting over 20,000 merchants to customers and running millions of orders every month. GrowthFalcons is one of the first businesses D4B has serviced on ONDC. "We are very happ...
Reliance-backed Dunzo's B2B logistics arm arrives on ONDC
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