BUSINESS
India’s Data Localisation for Payment Systems: Origins, evolution, and the road ahead
The author argues that these regulations need to be examined, with a proper assessment of the consistency of the standards they mandate, including any potential ambiguities
INDIA
Safari Retreats: Apex court's decision on GST tax credits brings relief to construction sector
The Supreme Court's recent ruling clarifies GST credit eligibility for construction expenses. It emphasises the twin conditions of property leasing or selling before completion and qualifying as plant or machinery. The decision benefits taxpayers in commercial leasing, though the applicability of the functionality test requires careful consideration.
BUSINESS
Why commodity prices are expected to fall to their lowest level since 2020
The World Bank’s Commodity Price Index is expected to decline for three consecutive years, falling by 3 percent in 2024, 5 percent in 2025 and 2 percent in 2026
BUSINESS
AI-Powered Cybersecurity: Harnessing AI for cyber defence and digital protection
As cyber threats grow in sophistication, AI is crucial in enhancing cybersecurity. By analysing vast datasets and detecting anomalies, AI improves threat detection, response, and prediction. Adopting AI, along with a unified security view and zero-trust architecture, strengthens defences and ensures proactive protection against evolving cyber risks
BUSINESS
Chart of the Day | The impact of US Presidential elections on market performance: What history tells us
The S&P 500 typically shows higher returns in the lead-up to presidential elections than in non-election years. However, stock market returns in the one, six-, and twelve-months following election day are significantly lower than in similar periods during non-election years.
BUSINESS
The Reading List: November 1, 2024
A look at some articles and social media gems from the world of economy, business and finance, curated by our research and opinion teams for your weekend read
TRAVEL
Journey Through Time: The Mughal highway experience
The Mughal Highway stretches beyond Punjab, revealing remnants of Mughal and earlier civilisations across Haryana, Delhi, Uttar Pradesh, Bihar, and Bengal. Exploring these historical structures collectively unveils their significance, transforming them from isolated artifacts into vital links to a rich cultural heritage
BUSINESS
E-commerce and Q-commerce: Revolutionising retail and consumer convenience
E-commerce and q-commerce are transforming traditional retail by enhancing convenience for consumers and boosting sales for local vendors. Despite concerns about their impact on kirana stores, these innovations create job opportunities and foster entrepreneurship, benefiting the entire value chain
BUSINESS
Chart of the Day | Unpacking the reasons behind India's funds outflow
While there is speculation that funds are moving from India to China, the data don't support this hypothesis.
BUSINESS
The Reading List: October 25, 2024
Our research and opinion teams have curated a selection of articles and social media gems from the world of economy, business and finance for your weekend read
INDIA
Maharashtra government increases stamp duty payable on Arbitral Awards
Maharashtra has introduced an ordinance raising stamp duty rates to enhance government revenue. Notably, the stamp duty on arbitral awards has significantly increased, marking the first adjustment since 2015, when it rose from Rs 100 to Rs 500
BUSINESS
Germany is India’s gateway to tighter European integration
German Chancellor Olaf Scholz and PM Modi will today co-chair the 7th Intergovernmental Consultations. India’s largest trade partner in Europe is upbeat about cooperation with India in the backdrop of its goal of reducing economic dependence on China. An institutional framework to enhance cooperation built over two decades offers an ideal platform to take ties to the next level
WORLD
Countdown in Ukraine has begun as Russia will win a battle of attrition
Ukraine is running out of men, materials and funds. Russia has come through severe Western sanctions without losing capacity to keep its economy ticking. The outcome of the US presidential elections will have no bearing on the likelihood that parts of eastern Ukraine will be absorbed by Russia. It’s now a question of time
BUSINESS
Is a Global Central Force needed for Artificial Intelligence regulation?
The debate over a global central governance body for AI raises important considerations. While centralisation can promote standardisation and address transnational challenges, a decentralised approach may better accommodate national sovereignty and diverse ethical frameworks
BUSINESS
India's Ports: Public-private partnership propelling growth
Public-Private Partnerships (PPPs) are transforming India's ports sector, facilitating substantial investments and improving efficiency. With the Landlord Port Model and strategic government initiatives, PPPs aim to enhance cargo handling capacity significantly, supporting India's vision of becoming a global manufacturing and export hub by 2047
BUSINESS
Competition in Digital Markets: UK’s DMCC may reflect the best or the worst of the two worlds
In a growing perception around the need to have a separate digital competition law, the DMCC is either set to be the legend in the field of rulemaking, or reflect the delusion in the UK government public policy
INDIA
Why India can’t stop adding new coal-based power plants
As COP29 approaches, India faces pressure to phase out coal amid rising emissions. While committed to renewable energy, challenges include integration costs and affordability. To aid India’s decarbonisation, developed countries should provide concessional financing
BUSINESS
BharatPe’s boardroom saga has takeaways for the entire startup ecosystem
Trust is the bedrock of the relationship between investors and startups. A company’s ability to sustain global investment is intrinsically tied to its reputation for integrity and sound management. BharatPe’s deft moves to extricate itself from a sticky situation is a lesson in effective strategy and sensible legal tactics
BUSINESS
Bond market is set for a take-off
India’s debt market has seen important changes over the last few years to push it towards a tipping point. Growth of private credit, advent of retail investors and inclusion of Indian fixed income in global indices indicate that the investor base is both widening and deepening to support a larger and more diverse capital requirement
BUSINESS
How India is reclaiming its historical dominance in global GDP
The coordinated focus on digital infrastructure, investments in physical infrastructure, and progressive policy reforms is impressive. Here are some of the key drivers behind the India growth story
BUSINESS
Chart of the Day | India's renewable power to continue to shine
With solar energy capacity expected to more than double in the coming years, the sector holds significant promise for investors
BUSINESS
The Reading List: October 18, 2024
A selection of articles and social media gems from the world of economy, business and finance, curated by our research and opinion teams
BUSINESS
Expanding the market for stressed assets
Handling of stressed assets constitutes an important aspect of the financial ecosystem. Going forward a market for distressed assets may be developed by considering the inclusion of additional stakeholders with strong fundamentals and possessing expertise in resolution
BUSINESS
Can Generative AI turn us all into redundant humans?
As generative AI transforms various industries, concerns about job displacement intensify. While AI enhances efficiency and customer experience, it also poses challenges to employment, especially in roles like customer service and content creation. Balancing AI integration with workforce protection is crucial for future job seekers
