Sisters and brothers,
|
|
- Rodney Griffin
- 5 years ago
- Views:
Transcription
1 It is indeed a pleasure to be addressing Confederation of Indian Industry s Partnership Summit being held in collaboration with the Department of Industrial Policy and Promotion and the Government of Maharashtra. I am glad that summit is being held in Mumbai, the trade, commerce and financial capital of India. It is heartening to note that CII plays a proactive role in India's development process, pioneering several initiatives which inspire competitiveness and create innumerable business opportunities. I am also happy to note that important topics such as Partnering with New India, Reforms and de-regulation, The Infra expanse A Super Imperative for Growth, Shaping the Future of Manufacturing: The Time is Now and Giving the Food and Agro Sector the much needed impetus are being discussed at the summit. Sisters and brothers, Indian economy has been writing a fascinating growth story over the last decade. Even when the world went into a slow down, India endured and kept its economy from slumping. The robustness of India s institutions, the resilience of its policy frameworks, the reforms initiated by the government and the responsiveness of Industry bodies have successfully insulated its economy from stagnation. Today, India has achieved the dual distinction of being a stable democracy and one of the fastest growing economies in the world. Over the last decade, within a subdued global environment, India has enjoyed a growth rate of almost 7%, touching close to $3 trillion GDP. The World Bank in its latest forecast has said that India will continue to be the fastest growing major economy in the world. It said the GDP is expected to grow at 7.3 per cent this fiscal year and at 7.5 per cent in the following two years. In the coming years, the size of the Indian economy is expected to touch $5 trillion which would further double to $10 trillion by In the wake of various initiatives and reforms taken by the Government in the past few years, India has become one of the favourite destinations for investments in the world. India was ranked 11th in the Global FDI confidence index The annual FDI inflows in the country are expected to rise to $ 75 billion over the next five years, according to a report by UBS. In fact, this is the right time for foreign investors to tap the huge potential offered by India in various sectors from real estate to healthcare. India is the bright spot in the world s economy today. Forward-looking taxation reforms like the introduction of Goods and Services Tax (GST) have converted India into an integrated market. Other noteworthy reforms include the implementation
2 of Bankruptcy and Insolvency Code. India improved its rank by 23 positions in the World Bank s Ease of Doing Business and was placed at 77th rank among 190 countries. A World Economic Forum report has stated that with more than three-fourth of Indian households expected to be in the middle-income category, consumer spending is expected to quadruple to Rs 420 lakh crore from the current Rs 105 lakh crore by 2030, making India the third-largest consumer market. The consumption will be driven by a burgeoning middle class and the emergence of a sizeable high-income segment. However, what is important is the report s forecast that less than five per cent of Indian households will lie below poverty line. The income and consumption trends will be led by Kerala, Karnataka, Andhra Pradesh, Telangana and Tamil Nadu in the south; Delhi, Haryana and Punjab in the north; and Maharashtra and Gujarat in the west, the report said. The Indian consumer market has huge untapped potential. Rising disposable incomes and favourable demographics are attracting global corporations to the Indian market. Today India is the second largest mobile phone manufacturer. With the Government implementing a comprehensive reform agenda to attract private investments and promote market freedom, most sectors are now open for 100% foreign participation through FDI under the automatic route. In recent years FDI regulations have been enhanced in certain crucial sectors including insurance, defence manufacturing, real estate and railways. In the financial sector, regulations have been strengthened by the SEBI and the RBI. Increased capital has been infused into public sector banks. Stringent measures have been taken to address the problem of non-performing assets and to get the credit pipeline flowing freely. New investment platforms such as National Infrastructure Investment Fund, Higher Education Funding Agency, Infrastructure and Real Estate Investment Trusts and others have been set up. The concerns which foreign companies had about the protection of Intellectual Rights have also been addressed through the new National Policy on IPR. As a matter-of-fact, the series of economic and administrative reforms undertaken by Indian Government have not only added more tax payers but also enabled the government to bring
3 down tax rates, apart from improving the way business is done. Various reforms are also aimed at making the economy inclusive. The policy initiatives taken by the Indian government such as Make in India, Skill India, Digital India, Smart Cities and Start-up India are opening up new opportunities. Measures such as Startup India and Stand-up India are helping the youth to become job creators instead of ending up as job seekers. Conferring infrastructure status to the Housing sector, implementation of RERA, Housing For All Scheme and lowering the interest rates are steps in the right direction. Increasing internet penetration is opening new opportunities for people living in rural areas. Sale of goods and services online is picking up in rural areas too lakh Gram Panchayats are connected with optical fibre network under the BharatNet project and the remaining gram panchayats would be connected by March This will transform rural India by enabling access to digital transactions and online sales of products, including agri produce via e-nam. I am particularly happy to note that various states in the country, even when governed by different parties, are competing among themselves in a healthy manner to attract investments, both domestic and foreign, by offering incentives and concessions in different sectors. Such healthy competition will make the States to adopt the best practices and promote a conducive business environment. I feel that similar competition should be promoted among districts within a State. I also feel that simplifying rules, removing discretionary powers and decentralization will play a key role in quickening the pace of development. As a matter of fact, States should encourage local bodies to function effectively by providing the three Fs funds, functions and functionaries. Dear sisters and brothers, we should strive to further nourish and sustain all our strengths to face challenges that would soon be coming our way. Indian industry has always played an important role in developing an environment that enables companies to conduct business activities across borders freely and smoothly. Thus, forging new and more meaningful partnerships and value chains in the international market becomes an imperative for India. Sisters and brothers, The government has enhanced public investments in sectors such roads and highways, ports, airports and inland waterways, inspiring great hope and confidence.
4 It is also heartening to note that, India, today, is the fastest growing market in the telecom sector and it has benefited greatly from government policies. The creation of the National Digital Communications Policy, which will attract $100 billion of investments, has endowed this sector with the much needed policy backing. Looking ahead, the Niti Aayog in its recent report, Strategy for New 75 talks about certain steps that need to be taken to achieve a robust growth rate which, it believes is essential for generating sufficient jobs and achieving prosperity for all. Four key steps have been spelled out for achieving growth-- Increasing the investment rate, Creating a unified national market in the agriculture sector, Promoting the Zero Budget Natural Farming (ZBNF) that promotes sustainable agriculture and the completion of the Codification and reform of labour laws. I also feel that agri-insurance rates need to be made more attractive. I am sure that these will form the cornerstone of the Government of India s strategy going forward. Let me use this opportunity to share with you a few areas that we should lay greater emphasis on to achieve inclusive and sustainable development. Agriculture should be our prime area of focus. As you all are aware, agriculture is the backbone of Indian economy. It is the primary source of livelihood for nearly 60 per cent of the population. The agriculture has to be made profitable and sustainable and the farmers have to be encouraged to diversify into allied activities like poultry, horticulture and fishing to ensure sustainable livelihood. With value addition, the Indian food processing industry and horticulture have immense scope for expanding its footprint. With population increasing day-by-day, I have been emphasizing time and again that India cannot sustain on imported food security. Only a well nourished and healthy nation can be a wealthy nation. Therefore we must increase the resilience of our agriculture and make it a much more rewarding profession for our farmers. We must resort to organic methods of farming and practice and promote the judicious use of inputs and irrigation. We should also strive to promote innovation and invest more time and money in Research and Development. We need to promote grown food security. Our innovations need not be complex and ground breaking. They could very well be frugal and simple. But they should be capable of addressing the everyday problems of the common man. Science and technology should ultimately result in the betterment of human condition.
5 I also implore industry bodies like the CII to promote business ethics, values, transparency and accountability. Bodies like CII should also try weed out black sheep who bring a bad name to the business community. Sisters and Brothers, Let me remind you that India is at the cusp of a demographic dividend. I sincerely believe that the youth of India possess all the qualities required to lead this country to prosperity. However, the need of the hour is to impart them with skills and provide them with opportunities so that we can reap this demographic dividend. The private sector needs to step up its skilling programmes to enable youth to stand on their feet. I also urge the private sector to be equal opportunity employers and to not practice discrimination against women in any form or any level. Let women empowerment and gender equality be among the founding principles of all Indian businesses. India has a billion dreams to nurture, nourish and take to fruition. I hope that Indian Industry will be an equal partner in India s quest for sustainable and inclusive development. I congratulate the CII for conceiving this Partnership Summit, which I understand, is a Global platform for dialogue, debate, deliberation and engagement among Indian and global leaders on economic policy and growth trends in India. Such summits and exchanges are crucial for us to learn from one another, understand the best practices from around the globe and share knowledge and practical wisdom. I hope that this summit serves as a launch pad for the dreams of Indian Industry in I wish the Summit and all its organizers and Participants all the very best. Jai Hind!
India: An Attractive Investment Destination. Department of Industrial Policy and Promotion Ministry of Commerce and Industry
India: An Attractive Investment Destination Department of Industrial Policy and Promotion Ministry of Commerce and Industry Indian economy: growth trajectory Indian economy at USD 4531 Billion (in PPP
More informationInvestment Opportunities in Infrastructure Exciting Times to be in India
Creation of world class infrastructure, a prerequisite & foundation for growth, has finally caught the imagination of India and the country is on the move. This is apparent in the rapid growth of wide
More informationBudget Analysis CMA Ashok B Nawal
Budget Analysis 2017-18 CMA Ashok B Nawal Discretionary Administration Policy & System Based Administration TRANSITION Favouritism Blanket & Loose Entitlements Transparency & Objectivity in Decision Making
More information14 th Finance Commission: Review and Outcomes. Economics. February 25, 2015
February 25, 2015 Economics 14 th Finance Commission: Review and Outcomes The 14th Finance Commission (FFC) was constituted on 2nd January, 2013 and submitted its report on 15 th December, 2014. The recommendations
More information19 th Year of Publication. A monthly publication from South Indian Bank.
To kindle interest in economic affairs... To empower the student community... Open YAccess www.sib.co.in ho2099@sib.co.in A monthly publication from South Indian Bank 19 th Year of Publication SIB STUDENTS
More informationStudy-IQ education, All rights reserved
Copyright @ Study-IQ education, All rights reserved TIRELESSSOUL GauravGarg888 Q1) The File cover chosen for 2018 economic survey report was pink because A) To support human rights B) To highlight gender
More informationVisit us at Gosarkari.com
Visit us at Union Budget 2019-2020 of India was presented by the Union Minister for Finance, Corporate Affairs, Railways & Coal, Shri Piyush Goyal. The knowledge about yearly Union Budget is very important
More informationHimachal Pradesh Budget Analysis
-4.9% -3.2% 3.9% 9. 10.4% 7.2% 10.2% 10. 10.8% 7.5% 9.1% 6.9% Himachal Pradesh Budget Analysis The Finance Minister of Himachal Pradesh, Mr. Jai Ram Thakur, presented the Budget for financial year on March
More informationThe European Social Model and the Greek Economy
SPEECH/05/577 Joaquín Almunia European Commissioner for Economic and Monetary Affairs The European Social Model and the Greek Economy Dinner-Debate Athens, 5 October 2005 Minister, ladies and gentlemen,
More informationKarnataka Budget Analysis
-4. 3. 8.9% 7.7% 8.6% 7. 8. 10.3% 14. 19.7% 19.8% 15. 13.4% 13.6% 13.4% 11.8% 11. 11.8% 12. 17.4% Karnataka Budget Analysis The Chief Minister and Finance Minister, Mr. H. D. Kumaraswamy presented the
More informationWHY INDIA? CHAMPION SECTORS PROFILE INVESTMENT OPPORTUNITIES BUSINESS & REGULATORY ENVIRONMENT IN INDIA
SECTOR PROFILE 01 02 03 04 05 WHY INDIA? CHAMPION SECTORS PROFILE INVESTMENT OPPORTUNITIES BUSINESS & REGULATORY ENVIRONMENT IN INDIA 01 WHY INDIA? Focus on infrastructure development Large and growing
More informationWest Bengal Budget Analysis
0.3% 3. 2.3% 6.4% 5.9% 8.8% 8. 8. 11.4% 10.2% 11. 15. West Bengal Budget Analysis The Finance Minister of West Bengal, Dr. Amit Mitra presented the Budget for financial year on January 31, 2018. Budget
More informationOdisha Budget Analysis
-6.7% -0.4% 4.4% 1.3% 3.1% 1.8% 4.7% 5.4% 7.8% 7.8% 8.1% 9.3% 11. 10.7% 12.4% 8.2% 10.4% 7.1% 15. 15.1% Budget Analysis The Finance Minister of, Mr. Sashibhusan Behera, presented the Budget for financial
More informationTHE 2009 DRIVERS OF CHANGE PRESENTATION CEREMONY
Republic of Malawi ACCEPTANCE SPEECH THE 2009 DRIVERS OF CHANGE PRESENTATION CEREMONY BY HIS EXCELLENCY DR. BINGU WA MUTHARIKA PRESIDENT OF THE REPUBLIC OF MALAWI AT SUMMER PLACE, HYDE PARK JOHANNESBURG
More informationUttar Pradesh Budget Analysis
-2. -0.1% -0.9% 2.8% 2.3% 4. 5.5% 5.1% 4.7% 5.8% 4. 6.8% 6.8% 7.1% 7.9% 9. 8. 7. 8. 7. Uttar Pradesh Budget Analysis The Finance Minister of Uttar Pradesh, Mr. Rajesh Agarwal, presented the Budget for
More informationBihar Budget Analysis
-1. -0. 1.6% 4. 6.6% 5. 4.9% 8. 7. 10. 10. 14. Bihar Budget Analysis The Finance Minister of Bihar, Mr. Sushil Kumar Modi, presented the Budget for financial year on February 27, 2018. Budget Highlights
More informationAccessing the Indian Market
Accessing the Indian Market India is the sixth largest economy in the world with a gross domestic product (GDP) of US$2.602 trillion (2017 current prices); the third largest economy based on its purchasing-power-parity
More information27 th Year of Publication. A monthly publication from South Indian Bank. To kindle interest in economic affairs... To empower the student community...
Experience Next Generation Banking A monthly publication from South Indian Bank To kindle interest in economic affairs... To empower the student community... www.southindianbank.com Student s corner ho2099@sib.co.in
More informationShri Vishnu Engineering College for Women (Autonomous): Bhimavaram. Department of Management Studies UNION BUDGET 2018 ANALYSIS
Shri Vishnu Engineering College for Women (Autonomous): Bhimavaram Department of Management Studies UNION BUDGET 2018 ANALYSIS SESSION @ 01-02-18 The students of MBA had witnessed the live presentation
More informationBanking Sector Liberalization in India: Some Disturbing Trends
SPECIAL REPORT Banking Sector Liberalization in India: Some Disturbing Trends Kavaljit Singh In the first week of August 2005, Reserve Bank of India (RBI), country s central bank, issued a list of 391
More informationChhattisgarh Budget Analysis
-0.2% -1.6% 2.7% 2.9% 1.8% 6.6% 6.5% 7.8% 5.8% 8.9% 3.6% 5.5% 6.8% 9.5% 6. 8.4% 6.7% 10. 13.8% 15.6% Chhattisgarh Budget Analysis The Finance Minister of Chhattisgarh, Dr. Raman Singh, presented the Budget
More informationPrivate Corporate Investment: Growth in and Prospects for *
Growth in 2016-17 and Prospects for 2017-18* This article attempts to capture investment intentions in fixed capital by private companies and joint business sectors, as a barometer of short-term business
More informationKey highlights union budget
Key highlights union budget 2018-19 * Govt's health scheme to cover 10 crore poor families is world's largest government-funded health protection scheme. * Arun Jaitley proposed to tax long term capital
More informationHonourable Prime Minister and Members of the National Development Council, It gives me immense pleasure to. attend the National Development Council
Honourable Prime Minister and Members of the National Development Council, It gives me immense pleasure to attend the National Development Council meeting convened to discuss the Mid-term Appraisal of
More informationBreaking into the BRIC
page 16 private equity international september 2011 Breaking into the BRIC When coupled with the gateway opportunity to a developing economic region, South Africa-focused investors can access a population
More informationHighlights of Union Budget
Highlights of Union Budget 2017-18 The Budget broadly focussed on 10 themes viz. farming sector, rural population, the youth, the poor to name a few. The 2017 Union Budget, presented by Finance Minister
More informationINDIAN CAPITAL MARKET- BY ANMI (India)
INDIAN CAPITAL MARKET- BY ANMI (India) 1) ANMI is a pan India association comprising of the trading members across India like National Stock Exchange (NSE), Bombay Stock Exchange (BSE) and other exchanges
More informationBUDGET MCQ PART- I. Q.1 How much amount of Agricultural Credit to farmers has been proposed in the Union Budget ?
BUDGET MCQ PART- I Q.1 How much amount of Agricultural Credit to farmers has been proposed in the Union Budget 2017-18? 1. 40 lakh crores 2. 30 lakh crores 3. 10 lakh crores 4. 20 lakh crores 5. None of
More informationUnion Budget Swiss - Indian Chamber of Commerce April, #Budget2018 #KPMGBudgetLive. kpmg.com/in/unionbudget18
Union Budget 2018-19 Swiss - Indian Chamber of Commerce April, 2018 #Budget2018 #KPMGBudgetLive kpmg.com/in/unionbudget18 Contents 1 India and the World 2 Overview of Indian Corporation Tax Regime 3 Budget
More informationGujarat Budget Analysis
Gujarat Budget Analysis The Finance Minister of Gujarat, Mr. Nitin Patel, presented the Budget for financial year on February 20, 2018. Budget Highlights The Gross State Domestic Product of Gujarat for
More informationGerman Investments in India
German Investments in India Germany specific highlights: German FDI inflows since August 1991 to March 2014 is over US $8.3 billion accounting for almost 3.2% share of total investment inflow into India
More informationMadhya Pradesh Budget Analysis
Madhya Pradesh Budget Analysis The Finance Minister of Madhya Pradesh, Mr. Jayant Malaiya, presented the Budget for financial year on February 28, 2018. Budget Highlights The Gross State Domestic Product
More informationChapter VIII. Summary, Findings, Suggestions and Conclusion of the study
Chapter VIII Summary, Findings, Suggestions and Conclusion of the study 328 CHAPTER VIII SUMMARY, FINDINGS, SUGGESTIONS AND CONCLUSION OF THE STUDY FDI consists of investments not merely financial but
More informationROLE OF PRIVATE SECTOR BANKS FOR FINANCIAL INCLUSION
270 ROLE OF PRIVATE SECTOR BANKS FOR FINANCIAL INCLUSION ABSTRACT DR. BIMAL ANJUM*; RAJESHTIWARI** *Professor and Head, Department of Business Administration, RIMT-IET, Mandi Gobindgarh, Punjab. **Assistant
More informationIt is my privilege to be part of this august gathering of leaders at India Manifesto 2014: The Vision of a New Vibrant India.
Mr. Kapoor s Vote of Thanks & Concluding Speech ASSOCHAM India Manifesto 2014: The Vision of a New Vibrant India ASSOCHAM 92 nd Annual Session, July 19, 2013 New Delhi Chief Guest Dr. Manmohan Singh, Hon
More informationWhy India? Reasons for choosing India for investments
Why India? Reasons for choosing India for investments Reasons for choosing India for investments Fastest growing economy Forecasted to remain one of the fastest growing economies in the world. FDI inflows
More informationPublished by: Working Group on IFIs
Published by: Working Group on IFIs Compiled by: Tani Alex Centre for Financial Accountability (CFA) Design & Layout: Musthujab Makkolath Media Collective The Asian Infrastructure Investment Bank (AIIB)
More informationIndia on the move Abu Dhabi November 15, 2017
India on the move Abu Dhabi November 15, 2017 KPMG.com/in Contents 1 India s Economic Growth 2 Flagship Programs and Regulatory Changes 3 Business Reforms 4 India Energy Scenario 5 Government Plans for
More informationIndia's urban awakening: Building inclusive cities, sustaining economic growth
India's urban awakening: Building inclusive cities, sustaining economic growth July 2012 Worldwide, urban populations are growing 20x faster; 57% of world s population will be in urban areas by 2025 Forecast
More informationKey Features of Budget
Key Features of Budget 2017-2018 Why in news? The 2017 Union Budget was presented by Finance Minister Arun Jaitley on February 1 st, which is a month earlier than it is usually done. What were the key
More informationFinancial Inclusion: Role of Pradhan Mantri Jan Dhan Yojna and Progress in India
Financial Inclusion: Role of Pradhan Mantri Jan Dhan Yojna and Progress in India Pramahender 1, Narender Singh 2 1 (Research Scholar, Department of Commerce, Kurukshetra University, Kurukshetra) 2 (Chairperson,
More informationCopyright 2013 by Confederation of Indian Industry (CII), All rights reserved.
Copyright 2013 by Confederation of Indian Industry (CII), All rights reserved. No part of this publication may be reproduced, stored in, or introduced into a retrieval system, or transmitted in any form
More informationKerala Budget Analysis
2.1% 4.3% 2.9% 5.2% 5.7% 4. 7.2% 6.7% 4.3% 6.6% 7.4% Kerala Budget Analysis The Finance Minister of Kerala, Dr. T.M. Thomas Isaac, presented the Budget for financial year on February 2, 2018. Budget Highlights
More informationSpeech of SHRI NAVEEN PATNAIK. Chief Minister, Orissa
Government of Orissa Speech of SHRI NAVEEN PATNAIK Chief Minister, Orissa in the 52 nd Meeting of The National Development Council at Vigyan Bhawan, New Delhi 9 th December, 2006 Hon'ble Prime Minister,
More informationThe EU and Vietnam: Taking (Trade) Relations to the Next Level
The EU and Vietnam: Taking (Trade) Relations to the Next Level EIAS Briefing Seminar 27 April 2016 The EU-Vietnam Free Trade Agreement is part of the evolution of Vietnam since it joined the WTO in 2007.
More informationEmployment and Inequalities
Employment and Inequalities Preet Rustagi Professor, IHD, New Delhi. Round Table on Addressing Economic Inequality in India Bengaluru, 8 th January 2015 Introduction the context Impressive GDP growth over
More informationMANAGEMENT DISCUSSION AND ANALYSIS REPORT
ECONOMIC REVIEW GLOBAL ECONOMY MANAGEMENT DISCUSSION AND ANALYSIS REPORT Global growth slowed down to 3.1 percent in 2015 from 3.3 percent in 2014. According to the IMF, global growth is projected to increase
More informationWeekly GK Banking Capsule 2018
1 Banking News Bharathi appointed as head of Corporation Bank P V Bharathi has been appointed as Managing Director and Chief Executive Officer of the Corporation Bank on 24 December 2018 She is at present
More informationINDIA FASTEST GROWING FREE MARKET DEMOCRACY FINANCIAL SERVICES. Indian banks discover appetite for rural, SME segments
INDIA FASTEST GROWING FREE MARKET DEMOCRACY Indian banks discover appetite for rural, SME segments PAGE 2 A number of banks are discovering that lending to Small and Medium Enterprises (SMEs) as well as
More informationStatement by. Vera Songwe, Under-Secretary-General of the United Nations. Executive Secretary of the Economic Commission for Africa
Statement by Vera Songwe, Under-Secretary-General of the United Nations Executive Secretary of the Economic Commission for Africa Fifty-second session of the Conference of African Ministers of Finance,
More informationNew Delhi, July 1, 2018
ADDRESS BY THE HON BLE PRESIDENT OF INDIA SHRI RAM NATH KOVIND ON THE OCCASION OF INAUGURATION OF THE PLATINUM JUBILEE CELEBRATIONS OF THE INSTITUTE OF CHARTEREDACCOUNTANTS OF INDIA (ICAI) New Delhi, July
More information1,14,915 cr GoI allocations for Ministry of Rural Development (MoRD) in FY
BUDGET BRIEFS Vol 1/ Issue 9 Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), GoI, 218-19 HIGHLIGHTS Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) is a flagship
More informationIndia s Growth Story. Is It Sustainable? Parag Saxena May 30, 2008
India s Growth Story Is It Sustainable? Parag Saxena May 30, 2008 Widely Acknowledged to be the Architect of Indian Reforms In 1991, Manmohan Singh, as Finance Minister in Narasimha Rao s government, embarked
More informationEconomic Survey Analysis (Part 1) Shyam S Kaggod
Economic Survey 2017-18 Analysis (Part 1) Shyam S Kaggod Economic Survey Important Points Two Volumes Volume 1-Theoreotical Volume 2-Factual Do not read all the pages of Vol 2 Supplement the information
More informationCHAPTER VII INTER STATE COMPARISON OF REVENUE FROM TAXES ON INCOME
CHAPTER VII INTER STATE COMPARISON OF REVENUE FROM TAXES ON INCOME In this chapter we discuss the growth of total revenue from taxes on income. We also examine the growth of revenue from agricultural income
More informationICICI Group: Performance & Strategy. May 2016
ICICI Group: Performance & Strategy May 2016 Agenda Indian economy ICICI Group Key International regulatory business developments 2 India: strong long term fundamentals Key drivers of growth Favourable
More informationFarmers and rural population
MARCH YOJANA Budget Union Budget, this year, was presented amidst a host of uncertainties. Demonetisation drive and imminent GST drive, new administration in U.S etc. made the whole exercise very challenging.
More informationQuick Start Guide to Investing in Africa
Quick Start Guide to Investing in Africa The only man I envy is the man who has not yet been to Africa for he has so much to look forward to. - Richard Mullin African countries are brimming with potential.
More informationGram Panchayat Development Plan(GPDP) Ministry of Panchayati Raj
Gram Panchayat Development Plan(GPDP) Ministry of Panchayati Raj 1 Panchayat Statistics Avg. population per GP National Average population per GP: 3,416 No. of PRIs in the country : 2,56,103 No. of Gram
More informationPrivate Corporate Investment: Growth in and Prospects for *
ARTICLE Growth in 2015-16 and Prospects for 2016-17* This article analyses the trend in investment intentions of private companies and joint business sectors, which provide a measure of short - term changes
More informationInauguration Ceremony 185 th Anniversary Celebration 0n Saurday, 12 th December 2015, 5-00 p.m. at Taj Bengal, 34B, Belvedere Road,Alipore
1 Inauguration Ceremony 185 th Anniversary Celebration 0n Saurday, 12 th December 2015, 5-00 p.m. at Taj Bengal, 34B, Belvedere Road,Alipore - 700 027 Welcome Address by Shri Pawan Kr. Agrawal President,
More informationMake in India Opportunities and Challenges. February 2015
Make in India Opportunities and Challenges February 2015 Contents Setting the Context Key Opportunities Challenges to be Overcome 2 Setting the Context FDI Inflows from Japan FDI Inflow in India - from
More informationWHY INVEST IN INDIA. The India Growth Story
WHY INVEST IN INDIA The India Growth Story India is one of the fastest growing economies in the world and has emerged as a key destination for foreign investors in recent years. Economic reforms initiated
More informationCivil Service Pension Reform: Time to Act By Mukul Asher and Deepa Vasudevan 1
Civil Service Pension Reform: Time to Act By Mukul Asher and Deepa Vasudevan 1 (Published in Economic and Political Weekly, Vol.39, No.51, December 18-24, 2004, pp 5363-5365) The urgency of implementing
More informationDeepening the Japan-India Economic Partnership and Mutual Prosperity
Deepening the Japan-India Economic Partnership and Mutual Prosperity Working Paper Harsha Vardhana Singh March 20, 2015 Introduction Today, far more than ever before, there is clarity on the scope of common
More informationNEWSLETTER. MAHESWARI & CO. Advocates & Legal Consultants RISE OF FOREIGN DIRECT INVESTMENT IN INDIA MAY, 2017
MAY, 2017 MAHESWARI & CO. Advocates & Legal Consultants NEWSLETTER RISE OF FOREIGN DIRECT INVESTMENT IN INDIA The major purpose behind Make in India initiative is job creation and skill enhancement in
More informationMending Power Sector Finances PPP as the Way Forward. Energy Market Forum
Mending Power Sector Finances PPP as the Way Forward Energy Market Forum AF Mercados EMI 11 th February 2011 Structure of the Presentation Current Status of Power Sector Generation Transmission Distribution
More informationThomas Silberhorn, Member of the German Parliament and. Parliamentary State Secretary to the Federal Minister for Economic Cooperation and Development
Thomas Silberhorn, Member of the German Parliament and Parliamentary State Secretary to the Federal Minister for Economic Cooperation and Development Africa and the G20: Building alliances for sustainable
More informationPRESS INFORMATION BUREAU GOVERNMENT OF INDIA *** BUDGET SUMMARY WITH MAJOR HIGHLIGHTS OF THE INTERIM BUDGET
INTERIM BUDGET 2019-20 15 Pib.nic.in PRESS INFORMATION BUREAU GOVERNMENT OF INDIA *** BUDGET SUMMARY WITH MAJOR HIGHLIGHTS OF THE INTERIM BUDGET 2019-20 INTERIM BUDGET 2019-20 PRESENTED IN PARLIAMENT TODAY
More informationDraft DRAFT. Bangladesh s Financing Strategy: What we can learn for the Asia-Pacific region? Goksu Aslan. Bangkok, November 15, 2018
Bangladesh s Financing Strategy: What we can learn for the Asia-Pacific region? DRAFT Goksu Aslan goksu.aslan@un.org Bangkok, November 15, 2018 Goksu Aslan EGM - SDG Costing Bangkok, November 15, 2018
More informationBusiness Environment: Russia
Business Environment: Russia Euromonitor International 13 April 2010 Despite the economic recession of 2009, a recovery is expected in 2010. The business environment remains challenging due to over-regulation,
More informationNational Rural Employment Guarantee Act (NREGA 2005) Santosh Mehrotra Senior Adviser (Rural Development) Planning Commission Government of India
National Rural Employment Guarantee Act (NREGA 2005) Santosh Mehrotra Senior Adviser (Rural Development) Planning Commission Government of India 1 30 yr history of WEPs but Problems Low programme coverage
More informationSelf Help Groups, Eradication of Poverty and Inclusive Growth
Self Help Groups, Eradication of Poverty and Inclusive Growth *Dr. Ravindra K., Lecturer, Gulf College, Sultanate of Oman **Dr. Abhay Kumar Tiwari, Faculty Member, IBS Business School Dehradun Abstract
More information1,07,758 cr GoI allocations for Ministry of Rural Development (MoRD) in FY
BUDGET BRIEFS Vol 10/ Issue 8 Pradhan Mantri Awaas Yojana Gramin (PMAY G) GoI, 2017-18 Pradhan Mantri Awaas Yojana - Gramin (PMAY - G) ) is Government of India s (GoI) flagship Housing for All scheme.
More informationTelangana Budget Analysis
-5.8% -4.9% -2.9% 3.6% 6.8% 6. 6.1% 12.9% 6.2% 11. 8.6% 12.2% 10.2% 10.1% 11.1% 10.4% Budget Analysis The Finance Minister of, Mr. Eatala Rajender, presented the Budget for financial year on March 15,
More informationN S Vishwanathan: Issues in infrastructure financing in India
N S Vishwanathan: Issues in infrastructure financing in India Chief Guest's address by Mr N S Vishwanathan, Deputy Governor of the Reserve Bank of India, at the 6th National Summit organised by the Associated
More informationUnemployment in the Economy: Challenges & Potential in the Micro, Small and Medium Enterprises (MSME) Sector
Unemployment in the Economy: Challenges & Potential in the Micro, Small and Medium Enterprises (MSME) Sector 1. Introduction The Unemployment Rate (UR) has steadily climbed from 3.8 in 2011-12 to 5 by
More informationAkzo Nobel India Annual General Meeting. 14 th Aug 2017 Kolkata
Akzo Nobel India Annual General Meeting 14 th Aug 2017 Kolkata Contents 1. About AkzoNobel 2. Indian Business Environment 3. Akzo Nobel India Performance 4. Concluding Remarks 2 AkzoNobel an Essentials
More informationStatement by the President (Dr.Hossein Ghazavi) of the ECO Trade and Development Bank IRAN INVESTMENT SUMMIT Tehran-I.R. of Iran (23-24November 2011)
Statement by the President (Dr.Hossein Ghazavi) of the ECO Trade and Development Bank IRAN INVESTMENT SUMMIT Tehran-I.R. of Iran (23-24November 2011) Mr. Chairman, Excellencies, Distinguished Guests, Ladies
More information1,07,758 cr GoI allocations for Ministry of Rural Development (MoRD) in FY
BUDGET BRIEFS Vol 10/ Issue 9 Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), GoI, 2017-18 HIGHLIGHTS Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) is a flagship
More informationMake in India, start up s and package scheme of incentive Presented By: Bhavesh Thakkar, Chartered Accountant June 2016
Make in India, start up s and package scheme of incentive 2013 Presented By: Bhavesh Thakkar, Chartered Accountant June 2016 Indian economy: a dichotomy Indian Economy Projections 3 rd Largest in the World
More informationF. Statement at the 50th Annual Meeting of the ADB (Yokohama, Japan / May 6, 2017) May 6, 2017
F. Statement at the 50th Annual Meeting of the ADB (Yokohama, Japan / May 6, 2017) May 6, 2017 Statement by the Honorable Taro Aso, Deputy Prime Minister of Japan and the Chairperson of the Board of Governors,
More informationRetail Investor s Survey: October 2012
1. Introduction Retail Investor s Survey: October 2012 A survey of Rural, Urban & Metropolitan Segments With the onset of the sovereign debt crisis in the Euro-Zone, and with the consequent spreading of
More informationMICRO FINANCE: A TOOL FOR SELF EMPLOYMENT WITH SPECIAL REFERENCE TO RURAL POOR
MICRO FINANCE: A TOOL FOR SELF EMPLOYMENT WITH SPECIAL REFERENCE Dr. Babaraju K. Bhatt* Ronak A. Mehta** TO RURAL POOR Abstract: Indian population comprises roughly one sixth of the world s population.
More informationConstruction Industry Output in USD Billion
Infrastructure and Construction Sector Overview in India The Infrastructure / Construction sector, comprising of Real Estate (both Residential and Commercial) and Infrastructure (Roads, Highways, Airports,
More informationForthcoming in Yojana, May Composite Development Index: An Explanatory Note
1. Introduction Forthcoming in Yojana, May 2014 Composite Development Index: An Explanatory Note Bharat Ramaswami Economics & Planning Unit Indian Statistical Institute, Delhi Centre In May 2013, the Government
More informationDr. Najmi Shabbir Lecturer Shia P.G. College, Lucknow
Banking Development after Nationalization and Social Control in India (1967 To 1991) Dr. Najmi Shabbir Lecturer Shia P.G. College, Lucknow Abstract: This paper mainly analyses the impact of Nationalisation
More informationFinancial year-wise FDI Equity Inflows:
(ii) Financial year-wise FDI Equity : Financial Year (Apr-Mar) Amount of FDI Equity %age growth over the in Rupees Crore in US$ million previous year 2000-01 10,733 2,463-2001-02 18,654 4,065 ( + ) 65
More informationAlternative Investments Introduction To Real Estate Investments
Alternative Investments Introduction To Real Estate Investments Growth( %) India: Growth Engine of the World Economy India is the Seventh largest country in the world in terms of GDP and third largest
More informationPOLISH BUSINESS VISIT TO GHANA
POLISH BUSINESS VISIT TO GHANA CONTENT Mandate of GIPC Collaborating Institutions The Ghana Advantage The Investment Environment Key Drivers of the Economy Business Reforms Major Investment Opportunities
More informationDOING BUSINESS IN INDIA
DOING BUSINESS IN INDIA 15 th August, 1947 Indian Independence 26 th January, 1950 Republic- India New Delhi Mumbai Kolkata State of Orissa Chennai Transportation Hubs International Airports New Delhi
More informationContents. Setting the Context. Economic Security of India
1 Contents t Setting the Context Economic Outlook and Challenges ASSOCHAM Theme: 2013-14 14 Economic Security of India ASSOCHAM Roadmap for 2013-14 14 2 SETTING THE CONTEXT Economic Outlook and Challenges
More informationPerformance of RRBs Before and after Amalgamation
Performance of RRBs Before and after Amalgamation DR. MINAXI M. JARIWALA Lecturer, Vivekanand College for B.Ed. Gujarat (India) DR. MARTINA R. NORONHA Vice-Principle S.P.B. English Medium College of Commerce
More informationConvergence in India- IASB s perspective
Convergence in India- IASB s perspective Good morning to each and every one of you. I want to thank CII for inviting me to share my thoughts today on this rather important subject. I begin my prepared
More informationDemonetisation. November 3, 2017
Demonetisation November 3, 2017 Contents 1 Introduction 2 The event 3 Affected stakeholders 4 Impact 5 India in November 2017 2 Contents 1 Introduction 2 The event 3 Affected stakeholders 4 Impact 5 India
More informationGrowing Footprints. in China. Survey-based Report
Growing Footprints of Indian Companies in China Survey-based Report February, 2018 Introduction Growing Footprints of Indian Companies in China, is a survey-based report of 54 Indian companies focused
More informationGST Concept and Design
GST Concept and Design GST Understanding from the First discussion paper released by the Empowered Committee of State Finance Ministers on November 10, 2009 1 Understanding GST Brief History Need for GST
More informationIndia Growth Story. Steel Market Asia Conference Ashok Bhardwaj. 19 th -20 th November Intercontinental Grand Stanford - Hong Kong
India Growth Story Steel Market Asia Conference 2012 19 th -20 th November - 2012 Intercontinental Grand Stanford - Hong Kong Ashok Bhardwaj (Director - Marketing) JSW Steel Limited India Urbanization
More informationReview of Literature:
Review of Literature: Agriculture sector is vital for India in view of the food and nutritional security of the nation as well as the fact that the sector remains the principal source of livelihood for
More informationPrivate Corporate Investment: Growth in and Prospects for *
Private Corporate Investment: Growth in 2014-15 and Prospects for 2015-16 ARTICLE Private Corporate Investment: Growth in 2014-15 and Prospects for 2015-16* This article endeavours to gauge business sentiments
More information