The AGR verdict will allow companies to move ahead with certainty on business plans, and the DoT must now focus on steps to make the sector profitable and attractive to investors through ease of business measures as well as lowering of “onerous” duties and levies, industry think tank Broadband India Forum (BIF) has said. … [Read more...] about DoT should focus on ease of business, industry profitability, says Broadband India Forum
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Small Industries Development Bank of India (SIDBI) on Friday entered into an MoU for setting up a Project Management Unit (PMU) to facilitate need-based intervention, increase access to financial products, and work to create a conducive environment for Micro, Small, and Medium Enterprises (MSMEs) in the state.The MoU was signed by commissioner, industries, Archana Singh and general manager of SIDBI Balbir Singh in the presence of state industries minister Parsadi Lal Meena, principal secretary, industries, Naresh Pal Gangwar, and joint secretary Chinmayee Gopal.“The present MoU is a step in the direction for strengthening the MSMEs. It would help them with finance options and overcome other challenges,” said Meena.The PMU will be developed by SIDBI taking inputs from the state government to design schemes, programmes in the areas of equity support, interest subvention, resolution of stressed MSMEs, supporting MSME entrepreneurs, and facilitate other need-based … [Read more...] about Rajasthan: Industries dept, SIDBI ink MoU to help MSMEs
the Reserve Bank of India's medium-term target range in August for the fifth straight month as supply disruptions kept food and fuel prices high, a Reuters poll showed.While the government has eased lockdown restrictions to revive the economy, supply distortions remain due to coronavirus cases rising domestically at the fastest pace in the world.The Sept. 4-9 Reuters poll of nearly 50 economists suggested consumer prices rose 6.85% last month from a year ago.While that is slightly lower than the 6.93% surge in July, if realised it would mean inflation was above the central bank's target range of 2-6% for a fifth straight month - something not seen since August 2014."Supply side disruptions have led to an increase in food prices, especially vegetables. Moreover, some pent-up demand supported core inflation along with high gold prices and an increase in excise duty on petrol and diesel that have second round effects," said Sakshi Gupta, senior economist at HDFC Bank.Good monsoon rains - … [Read more...] about India August inflation seen above RBI’s target range: Reuters poll
"Of course, there is hope that they will get the IPL (Indian Premier League) rights, but that is one event and there is no clarity on when the bids will be awarded given the mess the BCCI (Board of Control for Cricket in India) is in with the Supreme Court," the OTT industry executive adds. … [Read more...] about Has India stumped Netflix and Amazon Prime Video?
For all its difficulties, India is by no means out of the great power game. It possesses vast and still largely untapped potential. But realising that potential will require New Delhi to deepen its economic reforms in order to expand its national power, use that power to strengthen the liberal international order in partnership with its fellow democracies, and remain a credible example of how liberal politics can advance development in large, diverse countries outside of the West. On each count, India will have to meaningfully correct course if it is to achieve these ambitious aims. … [Read more...] about Charting India’s pathway to the big leagues