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Cabinet approves bio-manufacturing, biofoundry scheme with outlay of Rs 9,197 cr
The proposed outlay of Rs 9,197 crore will be implemented during the 15th Finance Commission period from 2021-22 to 2025-26.
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How to up stakes in the GCC gamble?
Though global capability centres are flourishing in India, challenges remain
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FinMin likely to address Customs Act classification in telecom, auto equipment
A transceiver as an independent item attracts a higher duty of 10 percent, but when classified as part of transmission equipment, it is exempt. There are similar classification disputes in the telecom and auto sectors.
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India awaits the high tide in shipbuilding
Financial and other challenges have to be addressed to ensure a smooth cruise for mega shipbuilding parks
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RBI plans to revamp currency management infra to cater to future cash needs
The plan includes creation of greenfield currency management centres, warehouse automation, security and surveillance systems, inventory management system, and a centralised command centre
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Business in the Week Ahead: September 16-20
Central banks of US, UK and Japan will decide on interest rates. At least two new IPOs will open for subscription
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Government mandates RBI approval for cross-border mergers from Sep 17
This move is expected to provide greater transparency and oversight in case of cross-border transactions, particularly in the rapidly-growing startup sector.
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Inflation is still dead
Inflation is beaten. And it does not look set to stage a comeback
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Companies rush to complete buybacks before new tax regime kicks in from Oct 1
After October 1, listed companies may shift their buyback strategies by issuing bonus preference shares or debentures, while unlisted firms could consider restructuring or using LLPs as alternatives to traditional company structures. Dividends may still be less tax-efficient than buybacks, experts say.
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India, Japan agree to promote financial cooperation and strengthen bilateral ties
Both sides agreed to continue discussions for further promoting financial cooperation and strengthening bilateral relations, and agreed to explore holding the next round of the Dialogue in New Delhi
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GST Rate Rationalisation: Impact on different industries and challenges in tax simplification
GST rate rationalisation has sought to simplify India’s tax structure, aiming to reduce cascading taxes and litigation. Efforts include merging tax slabs and addressing input tax credit issues to create a more transparent and efficient tax environment
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PM Modi ups the ante on India’s semiconductor push-inks chip deal with Singapore
India and Singapore have concluded the MoU on India-Singapore Semiconductor Ecosystem Partnership. Several top companies from the Semicon sector spoke about areas of cooperation between the two countries
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How to plug the target-reality gap in manufacturing march?
With 17 percent at present, it is tough for India to ratchet up manufacturing’s share in GDP to 25 percent by next year
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What do stronger ties with Singapore mean for India?
After the trip of a high-level ministerial delegation, Prime Minister Narendra Modi likely to visit Singapore in early September
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GDP growth to decline to 7.1% for June quarter, say SBI economists
The economists said the growth in gross value added (GVA) will fall below 7 percent to 6.7-6.8 percent for the April-June period this fiscal when compared to the year-ago period
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Ola Electric CMD Bhavish Aggarwal Lays Down Their Roadmap to Profitability & Future Outlook
Newly-listed Ola Electric has laid out a roadmap to profitability banking on higher volume, vertical integration of supply chain and in-house produced cells, while it has shelved plans to make electric car, as of now. Listen in to Founder and CMD Bhavish Aggarwal as he highlights the companies grand plans.
#olaelectric #bhavishaggarwal #olaelectric
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Fmr Investment Banker Ruchir Sharma Says "Govt Focused On Narrative, Lost Track Of Ground Reality"
Govt Focused On Narrative, Lost Track Of Ground Reality: Ruchir Sharma, Author | Ruchir Sharma News
There was no anti-Modi feeling but people needed change. We are a naturally democratic nation. There was a feeling that the other side needs to come up. Govt focused on narrative, lost track of ground reality: Ruchir Sharma, Author
#ruchirsharma #rockefeller #investmentbanking #elections2024 #pmmodi
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July export blip betrays lingering trade trouble
Structural reforms and deeper and wider international ties need to be pursued to check the expanding trade deficit
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India, Russia mull direct rupee-ruble FX rate to boost bilateral trade
The idea involves avoiding pegging the exchange rate with the dollar or any other third currency. However, the official says that in order to establish a direct FX rate, the rupee and ruble would need to trade in the same currency exchange platform for a much larger quantity and for a longer duration while the two sides workout a mutual referencing price.
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Low July inflation entirely due to base effect, month-on-month inflation has gone up
The rise in month-on-month retail inflation from 1.33 percent in June to 1.42 percent in July is mainly due to the rise in mobile telephony charges
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Is there any taker for Muhammad Yunus's novel tip on global peace?
India can consider the creation of a separate ministry to promote regional peace and thereby enhance its global heft
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AAP MP Raghav Chadha Criticizes Finance Minister's Decisions Amid Inflation Concerns
AAP Rajya Sabha MP Raghav Chadha questions the Finance Minister's decisions amidst rising inflation, urging for comprehensive indexation on all assets. He criticizes the current partial implementation, likening the removal of indexation for Indian investors to breaking their backbone. Chadha supports Nitin Gadkari's letter to the Finance Minister, demanding the removal of the 18% GST on life and health insurance. He highlights the need for knowledgeable economic planning to avoid frequent policy reversals. Watch for a detailed critique of the government's economic policies.
#raghavchadha #financebill2024 #nirmalasitharaman #aapvsbjp
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FM slams opposition for recent fuel tax hikes in their states
Sitharaman said that opposition parties should administer cuts in taxes on fuel in states governed by them before lecturing the central government.
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India bats for lower tariff, non-tariff barriers globally to spur trade between nations
The DPIIT secretary further said that now there is a global recognition that one factory for the whole world is not enough. Singh is referring to the China plus one strategy wherein the world, especially developed nations are looking to diversify their supply chains beyond Beijing by tapping newer markets.
