Economic Advisory Council

Finance Minister and Minister of State for Electronics & IT Unveil the next chapter of India's Technological transformation at DATE 2023

Retrieved on: 
Montag, November 27, 2023
Online, Entrepreneurship, Invention, Sustainability, Information technology, Fintech, Data aggregation, SMT, Kotak Mahindra Bank, Atmosphere, Zoho Corporation, Federation, Blockchain, Digital India, Trust, MSME, Digital marketing, Robotics, OneLogin, World cup, Yuva Unstoppable, Safety, Economic growth, Coin, Digital, Tally, AI, Internet of things, Data, Maharaja, Artificial intelligence, Economic Advisory Council, TiE, Partnership, Government, School, Woman, The Honourable, Investment, Child, Cryptocurrency

NEW DELHI, Nov 27, 2023 - (ACN Newswire) - India's newest & already being celebrated as the most impactful Digital Acceleration and Transformation Expo (DATE) was inaugurated by the Honourable Finance Minister Smt.

Key Points: 
  • NEW DELHI, Nov 27, 2023 - (ACN Newswire) - India's newest & already being celebrated as the most impactful Digital Acceleration and Transformation Expo (DATE) was inaugurated by the Honourable Finance Minister Smt.
  • The organizers' understanding and collaboration with diverse partners have brought this expo to Delhi, ensuring two impactful days for those keen in this field.
  • Highlighting the impact of DATE, Shri Wadiyar said, "We extend our gratitude & sincere appreciation to Honourable Finance Minister, Smt.
  • Nirmala Sitharaman, and Honourable Minister of State, Electronics and Information Technology, Shri Rajeev Chandrasekhar for gracing DATE with their presence and invaluable insights.

Indian Finance Minister Smt Nirmala Sitharaman to inaugurate DATE in New Delhi

Retrieved on: 
Mittwoch, November 22, 2023
Dubai International Financial Centre, Digital India Corporation, Confederation, STPI, Policy, Sanjiv Bajaj, Fintech, Ecosystem, Federation, FICCI, Government, Volvo, MD, Commerce, Name, YOY, Confederation of Indian Industry, Electronics, Joint, DIC, SCCI, Economic Advisory Council

India's digital landscape and swift adoption of groundbreaking, next-generation solutions are fundamentally reshaping its economic landscape.

Key Points: 
  • India's digital landscape and swift adoption of groundbreaking, next-generation solutions are fundamentally reshaping its economic landscape.
  • Shri Yaduveer Krishnadatta Chamaraja Wadiyar, Chairperson of Cyberverse Foundation, a Strategic Partner of DATE, expressed, "With the support & participation of government leaders & policy makers like Finance Minister Smt.
  • Nirmala Sitharaman, Minister of State Shri Rajeev Chandrasekhar, Shri Sanjeev Sanyal, Shri Tejasvi Surya and more, DATE plays a pivotal role in fostering government-industry relations, propelling India towards a digitally empowered future."
  • Mohammed Saleem, Founder and Chairman of Trescon, added, "DATE signifies our dedication to catalyze India's digital revolution.

TEA and AECOM's definitive global attraction attendance report points to 2022's impressive industry resilience and recovery

Retrieved on: 
Mittwoch, Juni 14, 2023
Linda, Area studies, Workforce, Travel, Omicron, Tourism, Education, Friends, Themed Entertainment Association, AECOM, COVID-19, Water, Statistics, Physical attractiveness stereotype, Museum, Economics, Theme, Crave, Friction, Economic Advisory Council, Economic development, TEA, Growth, Weather, City, PDF, Annual report, Family, Water park, Amusement park, Video game, Publishing

BURBANK, Calif., June 13, 2023 /PRNewswire-PRWeb/ -- 2022 will be remembered by most as a year of relaxed pandemic restrictions, pent-up demand for out-of-home experiences and a return to some sense of normalcy. Global attractions, with some exceptions, took advantage of these market conditions to attract impressive numbers of visitors through their turnstiles. In many areas, particularly in North America and Europe, average attendance figures approached 100% of 2019's record-high numbers.

Key Points: 
  • Global attractions, with some exceptions, took advantage of these market conditions to attract impressive numbers of visitors through their turnstiles.
  • This annual, calendar-year study is produced in collaboration with the Themed Entertainment Association (TEA) and the Economics practice at AECOM.
  • This report and all prior editions back to 2006 are available to download in full, free of charge from the TEA website and AECOM website .
  • "The TEA/AECOM Theme Index and Museum Index provides valuable data and insight into our industry," said TEA International Board President Melissa Ruminot of Nassal.

Boyden United States Welcomes Leadership, Governance and DEI Icon Beverly Cole as a Partner in California

Retrieved on: 
Dienstag, April 25, 2023
Economic Advisory Council, State, Partnership, Marketing, Renaissance Weekend, National Association of Corporate Directors, DE, Bank OZK, Federal Reserve, Corporation, NACD, Bank, National Association, Computer security, Corporate America

Commenting on her appointment, Beverly Cole, Partner, Boyden United States, said, “I am excited to join Boyden with its collaborative nature, strong reputation and international focus.

Key Points: 
  • Commenting on her appointment, Beverly Cole, Partner, Boyden United States, said, “I am excited to join Boyden with its collaborative nature, strong reputation and international focus.
  • Her reputation for DE&I is legendary and she has already left a lasting impact across various sectors, particularly entertainment.
  • Beverly has served on both public and private boards and has authored several papers on board service.
  • She is a sought-after speaker on board service and also discusses diversity & inclusion in Corporate America.

Kevin Jacobsen Nominated to Join Avista Corp. Board of Directors as Kristianne Blake Retires from Board

Retrieved on: 
Dienstag, März 7, 2023
Economic Advisory Council, General Motors, Management, History of the University of California, Riverside, Lead, NYSE, S-1 Executive Committee, University, CFO, Executive Committee, Audit committee, Treasury, Federal Reserve Bank of San Francisco, Jacobsen, Federal Reserve Bank, Property management, Clorox

SPOKANE, Wash., March 07, 2023 (GLOBE NEWSWIRE) -- Avista Corp. (NYSE: AVA) announced that Kevin Jacobsen, age 56, has been nominated to join the Avista Corp. Board of Directors.

Key Points: 
  • SPOKANE, Wash., March 07, 2023 (GLOBE NEWSWIRE) -- Avista Corp. (NYSE: AVA) announced that Kevin Jacobsen, age 56, has been nominated to join the Avista Corp. Board of Directors.
  • Jacobsen will stand for election by the shareholders and, if elected, will join the board effective May 11, 2023.
  • Currently Mr. Jacobsen is the Chief Financial Officer at The Clorox Company and has held this role since 2018.
  • Mr. Jacobsen will fill the vacancy that will be created when Kristianne Blake retires from Avista’s Board on May 11, 2023.

TEA and AECOM's definitive global attraction attendance report illustrates 2021's road to recovery and highlights regional resiliency and ingenuity

Retrieved on: 
Freitag, Oktober 14, 2022
Zero, Linda, Statistics, Method, Culture, Government, Prevalence, EMEA, Growth, Water park, Transport, Economic Advisory Council, Policy, Education, The Walt Disney Company, Sculpture, Economics, Museum, Restaurant, Themed Entertainment Association, Professional services, AECOM, Program, House of Medici, Cedar Fair, Partnership, Economic development, Industry, Garden, Water, Face, Association, Tourism, United Kingdom, Environment, Public expenditure, Travel, TEA, PDF, School, Amusement park, Animal, Dietary supplement, COVID, Universal

BURBANK, Calif., Oct. 14, 2022 /PRNewswire-PRWeb/ -- 2021 marked a year of recovery for global attractions, as theme parks, water parks, and museums continued to adapt to challenges driven by the pandemic. Despite the ongoing impacts of COVID, successful vaccine rollout, easing capacity restrictions and simplified travel in most parts of the world translated to increased visitor numbers nearly across the board. Though some consumers still avoided large group settings – particularly at indoor venues – the market returned to a relatively successful "bounce-back" year with expectations for increased performance in 2022.

Key Points: 
  • This annual, calendar-year study is produced in collaboration with the Themed Entertainment Association (TEA) and the Economics practice at AECOM.
  • "The TEA/AECOM Theme Index and Museum Index is an annual guidepost for the global leisure industry," said TEA International Board President Chuck Fawcett of Medici XD.
  • TEA values its continuing partnership with AECOM and the ability to provide this valuable resource to our business community."
  • The report charts and discusses the continued effects of the pandemic on the industry in 2021 and the subsequent signs of recovery and heightened innovation taking place.

Modernizing business travel will yield tens of billions in economic value, finds Amadeus commissioned study

Retrieved on: 
Dienstag, September 27, 2022
Center, Economic and Business Research Center, Economic Advisory Council, Policy, Control, Research, Economics, Dow Jones, Smartphone, Partnership, Industry, Meal, Environment, Travel, Business, Technology, Running, Solution, Accounting, VAT, Fraud, Airport, AI, International, Economy, Sales, Retail, Online shopping, Tourism

MIAMI, September 27, 2022 /PRNewswire-PRWeb/ -- Business travel is a top indirect spend area for many companies and could be challenging to manage efficiently without the right digital tools. Today's fragmented approach means adherence to travel policies is irregular, 'on-trip' spend like meals and taxis are rarely managed, and a reliance on manual expense claims burden travelers, finance teams and managers with administrative tasks.

Key Points: 
  • A new era in business travel is emerging to support hybrid working, with companies focused on how travel can deliver maximum value in this new environment.
  • That's why Amadeus commissioned experts from the Centre for Economic and Business Research (CEBR) to model the economic benefits should the industry apply the latest in end-to-end spend management technology.
  • 2)Direct travel spend efficiencies result in savings of $24B or 8.38% of direct travel spend made by large companies in the US.
  • Rudy Daniello, Executive Vice President, Amadeus Cytric Solutions added: "This study makes a strong economic case for an end-to-end approach to spend management.

Upgrading UK’s Ageing Payments Infrastructure to Boost UK GDP by $3.8bn by 2026 – ACI Worldwide and Cebr report

Retrieved on: 
Donnerstag, September 1, 2022
Professional Services, Security, Technology, Finance, Software, Fintech, Center, Faster Payments Service, Economic Advisory Council, Office, GDP, Research, IMF, NPA, G7, Government, NASDAQ, Heart, Lists of countries and territories, ACI Worldwide, List of national and international statistical services, ACIW, Global Payments, Economics, Global Data Synchronization Network, FPS, Architecture, Growth, Industry, Adoption, Economic and Business Research Center, Â, Tourism, Bank, Online shopping, Video game

Upgrading the UKs ageing payments infrastructure and increasing real-time payments adoption are forecast to boost the UK economy by $3.8 billion 0.11% of formal GDP by 2026, according to a new study published by ACI Worldwide , (NASDAQ: ACIW), Global Data , and the Centre for Economics and Business Research (Cebr).

Key Points: 
  • Upgrading the UKs ageing payments infrastructure and increasing real-time payments adoption are forecast to boost the UK economy by $3.8 billion 0.11% of formal GDP by 2026, according to a new study published by ACI Worldwide , (NASDAQ: ACIW), Global Data , and the Centre for Economics and Business Research (Cebr).
  • According to the Cebr, the untapped potential of real-time payments in the UK is enormous the theoretical impact of all payments being real-time could boost the UKs economy by up to $98.0 billion in 2026, or 2.7% annually.
  • Therefore, many emerging and developing countries are leapfrogging the UK to reap the full economic benefits that real-time account-to account payments bring.
  • Our theoretical modelling suggests the impact of all payments being real-time could add 2.7% to formal GDP by 2026.

Algorand's 2022 Central Bank Digital Currency (CBDC) Report Recommends a Hybrid Approach to Increase Efficiency and Competitiveness in the Digital Economy

Retrieved on: 
Dienstag, Juli 12, 2022
Walton College, Technology, Blockchain, South African Reserve Bank, Engineering, Turing Award, Central bank, Privacy, Education in Hong Kong, Economic Advisory Council, University of Cape Town Graduate School of Business, Digital currency, Finance, Digital, Decentralized finance, Business, Research, CBDC, Economics, Community business development corporation, Sam M. Walton College of Business, J.P. Morgan in the United Kingdom, Federal Appendix, Implementation, Public sector banks in India, University, Benefit, Efficiency, Audit, Cryptocurrency, Appendix

BOSTON, July 12, 2022 /PRNewswire/ -- The Algorand research team today publishes "Issuing Central Bank Digital Currency Using Algorand," a new report capturing insights from more than a year of continued research into how CBDCs are unfolding at central banks around the world. The authors propose a hybrid CBDC model, built on a private instance of a public blockchain such as Algorand, in a two-tier retail system. In this model, central banks have full control over the CBDC, while simultaneously enabling licensed service providers (LSPs) such as commercial banks, remittance providers, and other fintech companies, to facilitate distribution and transactions. Compared to traditional systems, blockchain-based retail CBDCs also promote broader financial inclusion, especially for those in the informal economy who might face difficulty opening a conventional bank account. Overall, in comparison to a traditional centralized digital currency, the proposed design will be simpler and more economical to implement and manage for central banks at scale. 

Key Points: 
  • Compared to traditional systems, blockchain-based retail CBDCs also promote broader financial inclusion, especially for those in the informal economy who might face difficulty opening a conventional bank account.
  • Overall, in comparison to a traditional centralized digital currency, the proposed design will be simpler and more economical to implement and manage for central banks at scale.
  • Also included in the report:
    The Benefits of Central Bank Digital Currency: Highlights four key trends of the digital era and explains why these provide a challenge for central banks.
  • Designing Efficient CBDC: Outlines principles for designing efficient central bank digital currencies that Algorand has identified through our various CBDC projects.

Algorand's 2022 Central Bank Digital Currency (CBDC) Report Recommends a Hybrid Approach to Increase Efficiency and Competitiveness in the Digital Economy

Retrieved on: 
Dienstag, Juli 12, 2022
Walton College, Technology, Blockchain, South African Reserve Bank, Engineering, Turing Award, Central bank, Multimedia, Privacy, Education in Hong Kong, Economic Advisory Council, University of Cape Town Graduate School of Business, Digital currency, Finance, Digital, Decentralized finance, Business, Research, CBDC, Economics, Community business development corporation, Sam M. Walton College of Business, J.P. Morgan in the United Kingdom, Federal Appendix, Implementation, Public sector banks in India, University, Benefit, Efficiency, Audit, Cryptocurrency, Appendix

BOSTON, July 12, 2022 /PRNewswire/ -- The Algorand research team today publishes "Issuing Central Bank Digital Currency Using Algorand," a new report capturing insights from more than a year of continued research into how CBDCs are unfolding at central banks around the world. The authors propose a hybrid CBDC model, built on a private instance of a public blockchain such as Algorand, in a two-tier retail system. In this model, central banks have full control over the CBDC, while simultaneously enabling licensed service providers (LSPs) such as commercial banks, remittance providers, and other fintech companies, to facilitate distribution and transactions. Compared to traditional systems, blockchain-based retail CBDCs also promote broader financial inclusion, especially for those in the informal economy who might face difficulty opening a conventional bank account. Overall, in comparison to a traditional centralized digital currency, the proposed design will be simpler and more economical to implement and manage for central banks at scale. 

Key Points: 
  • Overall, in comparison to a traditional centralized digital currency, the proposed design will be simpler and more economical to implement and manage for central banks at scale.
  • These trends directly challenge one of the key tasks of a Central Bank: ensuring price stability.
  • Also included in the report:
    The Benefits of Central Bank Digital Currency: Highlights four key trends of the digital era and explains why these provide a challenge for central banks.
  • Designing Efficient CBDC: Outlines principles for designing efficient central bank digital currencies that Algorand has identified through our various CBDC projects.