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Online and offline retail could fetch $8 billion in incremental GST by 2030: Report
March 08, 2021
National Retail Trade Policy will create a conducive environment for retail: Niti Aayog
With rising convergence of traditional and online channels establishing a digitally-enabled ecosystem and accelerated adoption of digital platforms by consumers, the online + offline retail (O+O) is expected to accelerate the growth of retail.
According to a report released by Nasscom and Technopak, online + offline enabled sales are pegged to touch the $640 billion-mark by 2030 making digitally enabled retail’s contribution to the overall Indian retail market at 43.4 per cent. This will also mean that the O+O retail model may contribute nearly $8 billion in incremental GST collection, accounting for 37 per cent of the total Indian retail industry’s tax contribution by 2030.
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Nike s ill-defined relationship with the resale community is becoming increasingly fraught.
A Nike exec resigned last week after she was tied to her son s lucrative sneaker resale business.
Insiders said Nike might ignore dubious behavior if it means a sneaker will do well at resale.
The sudden departure of one of Nike s senior executives is calling the company s connection to the resale world into question.
Nike s vice president and general manager for its North America division, Ann Hebert, resigned last week after a report highlighted her ties to her son s lucrative sneaker resale business. Bloomberg Businessweek reported on February 25 that Hebert s 19-year-old son used her credit card to buy over $100,000 worth of limited-edition sneakers for reselling.
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IWD 2021: No more talking, it s time for action on female representation in fintech 08 March 2021 2020 may have been a year of challenge, but it proved that above all else, digital resilience will remain foundational, not only to female financial inclusion, but to female representation across the fintech sector.
The 2021 International Women’s Day (IWD) slogan is #ChooseToChallenge, as “a challenged world is an alert world and from challenge comes change. So let’s all choose to challenge.”