The budgetary allocation of INR 7, 148 crores to Textiles and Garments industry during Union Budget 2018-19 saw an increase of around 14 per cent in comparison to the amount allocated last year (2017-18) i.e. INR 6226.5 crores. Thisin itself should be a reason to cheer for the people working in the industry. This labour-intensive…
The answer seems to be yes. India has achieved the feat of being among the Top 100 countries for Ease of Doing Business (EODB), according to the World Bank’s study this year. What needs more attention is the issue of “Cost of Doing Business”. India ranks 100 in EODB, while China is at 78. If…
Registered and secure property rights are essential for supporting investment, productivity and growth. The ease of obtaining land is a significant determinant of how easy it is to do business in a country. According to the World Bank’s Ease of Doing Business 2018 report, India ranks 154 in “Registering Property” out of 190 economies around…
Prime Minister’s Startup India campaign celebrated its 2ndanniversary on 16th January. The initiative was launched two years back in order to provide a new dimension to doing business in India by simultaneously encouraging entrepreneurship and fostering innovation. It couldn’t have been launched at a better time given the current situation of Indian economy. Onone hand, India…
Standardisation in quality and price of gold had been a long standing problem in India. Existence of multiple caratage, discrepancy in fineness, and mismatch in purity of the gold are only few of the many existing problems in the gems and jewellery sector. In the last decade the Government of India in consultation with the…
The sixth seminar of the monthly “PIF-YGI Monthly Seminar Series on MSMEs” was held in New Delhi on the 21st December 2017. Ms. Yuvika Oberoi, Senior Vice President, Business Economics Banking, YES BANK made the introductory remark at the session. The panellists at the seminar included Shri Ram Mohan Mishra, Additional Secretary, Ministry of MSME,…
Development, transformation and reinvigoration have been the cornerstones of the government’s agenda since May 2014. The defining features of the first couple of budgets were a focus on farmers’ welfare, creation of economic opportunities for underprivileged classes and structural reform of the budget itself. This was done with the objective of making the system more…
