India pips US to rank second in list of most attractive manufacturing hub globally; China first

Source: Indian Express What is the News? The Global Manufacturing Risk Index 2021 has been released. About Global Manufacturing Risk Index: Released by: US-based property consultant Cushman & Wakefield Purpose: To assess and rank the most advantageous locations for global manufacturing among 47 countries in Europe, the Americas and Asia-Pacific (APAC). Parameters: The ranking is… Continue reading India pips US to rank second in list of most attractive manufacturing hub globally; China first

Don’t let the new e-commerce rules ruin innovation

Source: Livemint Relevance: Implications of Consumer Protection (E-Commerce) Rules, 2020. Synopsis: Small internet outlets have flourished lately, but may find their operations hampered by compliance burden under the Consumer Protection (E-Commerce) Rules, 2020.. A brief look at some problematic provisions. Background Read here: Draft ecommerce rules – Explained, pointwise Reason behind increase in online businesses… Continue reading Don’t let the new e-commerce rules ruin innovation

Telcos need three more bold decisions

Source: Business Standard Relevance: Resolving issues plaguing the telecom sector in India Synopsis: Undoing the retrospective tax amendment affecting Vodafone Group and Cairn Energy among others was an excellent move, and proves what the government can do. These moves must now be followed by further policy changes. A brief look at some of them.  Problems that… Continue reading Telcos need three more bold decisions

India remains a very difficult country for dying companies

Source: Live Mint Relevance: Insolvency bankruptcy code and corporate failure Synopsis: The failure of Insolvency bankruptcy code to achieve its intended objectives is dubbed as ‘isomorphic mimicry’ by developmental scholars. What is ‘isomorphic mimicry’? It is the tendency of governments to mimic (copy) other governments’ successes, replicating processes, systems, and even products of the “best… Continue reading India remains a very difficult country for dying companies

India needs an ecosystem that’s conducive to MSME expansion

Source: Live Mint Relevance: Issues related to the growth of MSMEs in India Synopsis: We must adapt our policy settings to favor new opportunities for small businesses if we want them to play a big role in job creation. Context With 65% of India’s population below the age of 35, job generation by micro, small… Continue reading India needs an ecosystem that’s conducive to MSME expansion

What it’ll take to achieve goods exports of $400 billion?

Source: Livemint Relevance: Doubling India’s exports Synopsis: The blueprint for doubling India’s exports has already been crafted 10 years ago. It needs to be adapted to the modern times by incorporating suitable changes. A brief look at some factors that merit attention. Context India has set a target of merchandise exports of $450 billion in… Continue reading What it’ll take to achieve goods exports of $400 billion?

An unworthy Chinese example that India ought not to emulate

Source: Live Mint Relevance: Economic policies of India Synopsis: India shouldn’t become too much restrictive to business by trying to copy recent policy actions of Chinese government. Background China’s crackdown on businesses has been going on steadily and continually. Initially, it was felt that the target was Jack Ma because he dared to challenge the system… Continue reading An unworthy Chinese example that India ought not to emulate

Finance Minister launches the National Monetisation Pipeline

Source: The Hindu, Indian Express, Livemint and PIB What is the News? The Union Minister for Finance has launched the National Monetisation Pipeline. About National Monetisation Pipeline: Prepared by: It was prepared by NITI Aayog in consultation with infrastructure line ministries, based on the mandate for ‘Asset Monetisation’ under Union Budget 2021-22.  Note: Asset monetisation… Continue reading Finance Minister launches the National Monetisation Pipeline

Our flawed e-com policy sends out awful signals

Source: Livemint Relevance: Regulatory regime in India and issues related to it. Synopsis:  India’s regulatory framework for e-commerce needs to be market-friendly because its failure to pass this test will go against long-term economic interests. Introduction: As a developing economy, India’s regulatory ambitions fall short of what defines ‘regulation’. For Further read – Draft e-commerce… Continue reading Our flawed e-com policy sends out awful signals

Govt announces incentive for mills exporting sugar, diverting it to ethanol

Source: PIB Introduction The Government of India is taking proactive measures to boost the export of surplus sugar & diversion of sugar to ethanol. The move is to ensure timely payment of cane dues of sugarcane farmers and to boost the agricultural economy. Measures taken by Government for Sugar Industry: India is the world’s second-largest… Continue reading Govt announces incentive for mills exporting sugar, diverting it to ethanol