Start-up India is beginning to show results but these are still early days. The eco-system has to mature further before the benefits percolate down to all sectors of the economy. For all those who wring their hands and complain that there is little by way of cutting edge scientific breakthroughs coming out of India’s vibrant start-up community, consider this: Deepak Solanki, a young Indian IIT Bombay and IIIT Hyderabad graduate, and his team are making waves the world over [...]
The Saubhagya scheme, announced last year, can improve the lives of a quarter billion people by giving them access to 24x7 electricity. It also offers $11.5-billion worth of business opportunities for foreign and Indian companies in the power sector. Of all the flagship schemes announced by the Narendra Modi government over the last three-and-a-half years, the Power for All initiative, to provide electricity connections to every single household in India, is, arguably, the one that can help lift living standards [...]
Innovative technology in real-life use is transforming India’s IT landscape, writes a tech expert. When I was growing up in the 1970s, electronics was just something fun – my electronics kit that my parents bought me allowed me to make simple circuits that could switch on a bulb as soon as it went dark, or create metronomes or other seemingly non-useful things. However, now, electronics and technology underpins everything, and for me the fun that I had as a child [...]
The average spending on corporate social responsibility (CSR) by companies in India went up 29 basis points to 1.64 per cent last year, edging closer to the government mandate of 2 per cent. The overall expenditure among companies in India on CSR activity registered a significant increase of 22 per cent, latest analysis by ratings agency CRISIL has revealed. The bulk of the CSR money went into education, skills development, healthcare and sanitation initiatives. India’s Companies Act 2013 encourages corporates [...]
Employment intensive sectors such as agriculture, housing, tourism, textiles and retail must flourish and grow, writes a policy expert.
Narendra Modi is known as a transformational leader of exceptional inner strength and courage, and with his announcement a few weeks ago to change high denomination currency notes, he donned an unexpectedly breathtaking challenge on himself and invited every citizen of India to completely and totally metamorphose our economy and society.
Ramesh Abhishek, Secretary, Department of Investment Policy and Promotion (DIPP), took time out of his punishing schedule to meet ‘India Investment Journal’ to speak about, among other things, how his department is easing rules and re-engineering government processes to make India an easier place to do business in.
India crossed the $300 billion mark at a time when the global economic slowdown has had a dampening impact. This speaks volumes of the opportunity India as an investment destination has to offer and how timely market reforms are creating a positive ecosystem for the international investor. The government of India has taken up a series of measures to improve Ease of Doing Business in the country. The emphasis has been on simplification and rationalisation of the existing rules and [...]