| |December 201819CIOReviewFINTECH REVOLUTION IN INDIA: CATALYSTS FOR GROWTH & SUCCESSBy Varun Rathi, Co-founder & COO, Happayake GST for example. The bill required the consent of both the houses of parlia-ment by two-third majority, acceptance from more than half of the 29 states and 12 years of iterations before it was final-ly rolled out in August this year. Now that it has been passed, it's here to stay until something more disruptive comes along. As Member of Parliament and entrepreneur Rajeev Chandrasekhar aptly puts it, "Legislation is only the first step in the process. The hard part is shaping the GST regime and preparing businesses, consumers and taxmen for the changes ahead."A lot of stars need to align for the successful implementation of bills like GST. The readiness and acceptance of technology, the urgency of a strong use case T CXO INSIGHTS"Financial reforms don't occur overnight, but evolve over the years", says economist M Govinda Rao.
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