BUSINESS
G20 summit: There is a lot of global demand for UPI says Arvind Gupta, Co Founder, Digital India Foundation
According to Gupta traders and businessmen in other countries end up shelling out of two percent of their profit margin on every transaction charges owing to which UPI will become hugely beneficial for them.
BUSINESS
Emphasis on strengthening MDBs a significant achievement of India's presidency: CEA Anant Nageswaran
Speaking exclusively with Moneycontrol, the CEA said "There is a clear statement for both voice and representation for developing countries in MDBs."
INDIA
India’s GDP numbers puzzle economists
While economists had made their calculations based on the EBITDA numbers of manufacturing companies, the government seems to have based its calculation on IIP data. While EBITDA is reflective of the formal sector, the latter is largely reflective of the informal sector.
BUSINESS
MC Exclusive | Laptop, tablet import curbs to ensure trusted supply chain for digital economy, says Rajeev Chandrasekhar
The government will work out a plan with industry so that there is no disruption due to the policy, Minister of State for Electronics and Information Technology has said
BUSINESS
MC Exclusive | Platforms can’t pass the buck for data breaches to cloud service providers, says Rajeev Chandrasekhar
‘We have made it very clear that we will not go looking around for who's liable for the breach. It will be the platform regardless of how many other data processors the platform uses,’ the Union Minister says
BUSINESS
MC Exclusive | Data Protection Board will not be a regulator like RBI or Sebi, says Rajeev Chandrasekhar
Whether it has to be independent or not independent is an extraneous debate, says Minister of State for Electronics and Information Technology
BUSINESS
MC Exclusive | Govt won't have unfettered access to citizens' personal data, says Rajeev Chandrasekhar
Don't expect law enforcement to knock door of terrorist for consent, says Minister of State for electronics and information technology.
POLICY
2023 will be a crisis year for agriculture, rural demand to stay stagnant till 2024: Economist Bhanumurthy
India recently banned non-basmati white rice exports to contain domestic inflation and increase availability locally. However, the decision is expected to have a big impact on the global market as Indian exports meet 40 percent of world rice demand.
POLICY
India food export ban will keep prices in control, may help govt in quid pro quo: ASK Private Wealth Somnath Mukherjee
India's policy of curbing exports of wheat and rice will keep domestic prices in control and could work for India to pull some strategic levers on the global stage
POLICY
India’s protectionist trade policy: Licence Raj or strategy for a new world order?
While some argue that the smart protectionism of India’s trade will lead to its growth others feel it will be a drag on the country’s long-term trade.
BUSINESS
Fitch re-rating US won’t impact India, says S&P Global’s Atul Arya
Arya said that India has one of the best demographics in the world, but in order to take advantage of this dividend, the country needs to increase the participation of women in the workforce, which, at 24 percent, is much lower than the global average.
BUSINESS
We don’t have the luxury of just pushing manufacturing: Kotak Mahindra AMC's Nilesh Shah
Talking about the role of pushing services and focusing on building more than one or two sectors in manufacturing, Shah said, “In toys, mobile phones we have become exporters from importers. In the medium-term you have to provide incentives for services to expand”
INDIA
India can become third-largest economy by 2027-28: Nilesh Shah and Indranil Sengupta
The challenge is to raise the per capita income of the people. Currently, India is the fifth-largest economy with a per capita income of about $2,450, nearly on par with Bangladesh
![[In-depth] From war to unseasonal rains: Know all reasons behind food inflation](https://images.moneycontrol.com/static-mcnews/2023/07/image-6.png "[In-depth] From war to unseasonal rains: Know all reasons behind food inflation")
INDIA
[In-depth] From war to unseasonal rains: Know all reasons behind food inflation
What’s causing the rise in food prices? How long will elevated food prices stay? Are government interventions working? Is the farmer happy about high food prices? All questions answered in this deep-dive discussion on food inflation.
INDIA
Comfort food no more: Dal rice set to get more expensive
Come monsoons, high vegetable prices become the norm, but this year, prices of pulses are up by almost 10 percent.
BUSINESS
MC Exclusive: India needs to ensure foreign investors feel protected: UK minister Dominic Johnson
Johnson explained that international capital should be treated the same as domestic capital, that there should be no favouritism when it comes to judgements
INDIA
US needs to bring in trade liberalisation as part of IPEF: Arvind Panagariya
India’s reservation is that it doesn’t have any room for negotiation of trade liberalisation in the future
INDIA
Biden’s red-carpet welcome shifts the scales for India in global geopolitics: Panagariya
Arvind Panagariya, former NITI Aayog chair, tells Moneycontrol that the resounding welcome to PM Modi is a one-of-a-kind and sets the tone for India on the global stage. But now India has to grow at 7-8 percent to capture China’s place in the world.
BUSINESS
Intel India head Nivruti Rai exits after 29 years, to lead Invest India
She takes over from Deepak Bagla who stepped down as the managing director and CEO after an audit by the commerce ministry questioned the work accomplished by Invest India
BUSINESS
The other Kerala story: a bleak future for God’s Own Country?
The land of lagoons may be hurting its future by continuing with its socialist approach to mass uplift, as the state is lagging behind in development and employment, says Shamika Ravi, Member, PMEAC
BUSINESS
Backseat for reforms as capex, expansion of Ayushman Bharat on anvil
With less than a year for the general elections, the government’s focus is on ensuring that the Rs 10 lakh crore allocated for capital expenditure is spent.
BUSINESS
Private sector investment picking up, expect GDP to grow 6.7% in FY23-24: CII President
With sectors like steel, cement, machinery, hotels and airlines seeing more than 80 percent capacity utilisation, R Dinesh feels private sector investment has come back.
BUSINESS
Economists look at FY24 with cautious optimism
Blockbuster growth numbers for Q4, FY23 not nudging economists to revise their forecasts upwards just yet
BUSINESS
What did the economists miss in India’s GDP estimates?
The country's GDP in FY23 stood at 7.2 percent, which is lower than the growth rate of 9.1 percent in 2021-22.
