BRICS (Brazil, Russia, India, China, & South Africa) - today, signifies the collective economic power of the world’s leading emerging market economies and is charting a new global landscape. BRICS accounts for more than a quarter of the world’s land mass, 41% of the world’s population, and a combined GDP of nearly US$16.2 trillion (in nominal terms) and just over US$ 37.4 trillion (in PPP terms). The common feature that binds these countries is their large fast growing economies.
The need for infrastructure development for integration and economic prosperity of the world cannot be overemphasized as it is seen as a key aspect in encouraging foreign and domestic investment. BRICS economies realizing the importance, are already in the process to evolve an effective regulatory framework for Infrastructure sectors and long term financing of Infra projects. We need to be cognizant that there is a need to better manage the PPP projects with a special focus on disputes, innate uncertainties of finances and regulatory structure.
This edition of multilateral newsletter summarizes the best practices adopted by BRICS countries on PPPs and Infrastructure Financing. In addition, it also provides insights to actions at various multilateral grouping and institutions such as ASEAN, ADB.
The report, released by the Bank Information Centre-Europe and Centre for Financial Accountability, titled ‘Financing the future? The Asian Infrastructure Investment Bank and India’s National Investment and Infrastructure Fund’ warns that the AIIB do due diligence at all levels before approving a new $200m deal with India in April for fear of turning the key on some highly-controversial projects now being stalled by the local community.
The Centre for Financial Accountability aims to strengthen and improve financial accountability within India by engaging in critical analysis, monitoring and critique of the role of financial institutions – national and international, and their impact on development, human rights and the environment, amongst other areas. For more information visit http://www.cenfa.org Get in touch with us at info@cenfa.org
We also publish Finance Matters, a weekly newsletter on the development finance. Archive can be accessed at http://www.cenfa.org/newsletter-archive/
To subscribe, email us at newsletter@cenfa.org
Study on Mutual Fund Penetration levels and future of Mutual Fund Industry in...AKASHBHADRA4
In few years Mutual Funds has emerged as a tool for ensuring one’s financial well being. Mutual Funds have not only contributed to the Indian growth story but have also helped families tap into success of Indian Industry. As information and awareness is rising more and more people are enjoying the benefits of investing in Mutual Funds. The main reason the number of retail mutual fund investors remains small is that six out of ten people with income in India do not know about Mutual Fund exists. But once people are aware of mutual fund investment opportunities, the number who decide to invest in Mutual Funds increases to as many as two in five people. Mutual Funds now play a very significant role in channelizing
the saving of millions of individuals into the investment in equity and debt instruments.
The title of the project is “Study on Mutual Fund Penetration levels and future of Mutual Fund
Industry in India”
The project report will focus on the penetration of mutual funds. The study will reflect the awareness level, investment pattern and the selection of a mutual fund scheme and their linkages with the financial objectives of working individuals. This project aims at making a study of the Indian Mutual Fund Industry: its current scenario and future outlook in India.
This project gave me a great learning experience and at the same time it gave me enough scope to implement my analytical ability. This report will help me to know about the investors’ preferences in Mutual Fund in any particular Asset Management Company (AMC), which type of fund they prefer, which option (Growth or Dividend) they prefer or how aware they are regarding the Mutual Fund.
The presentation covers the ecosystem of MSMEs in India, the challenges faced by entrepreneurs, GoI Initiatives, MSME Schemes provided by the government to encourage new enterprises, Opportunities available and the reasons of failure of new ventures and finally, details of the secors which provide opportunities for entrepreneurs to start a new business.
The report, released by the Bank Information Centre-Europe and Centre for Financial Accountability, titled ‘Financing the future? The Asian Infrastructure Investment Bank and India’s National Investment and Infrastructure Fund’ warns that the AIIB do due diligence at all levels before approving a new $200m deal with India in April for fear of turning the key on some highly-controversial projects now being stalled by the local community.
The Centre for Financial Accountability aims to strengthen and improve financial accountability within India by engaging in critical analysis, monitoring and critique of the role of financial institutions – national and international, and their impact on development, human rights and the environment, amongst other areas. For more information visit http://www.cenfa.org Get in touch with us at info@cenfa.org
We also publish Finance Matters, a weekly newsletter on the development finance. Archive can be accessed at http://www.cenfa.org/newsletter-archive/
To subscribe, email us at newsletter@cenfa.org
Study on Mutual Fund Penetration levels and future of Mutual Fund Industry in...AKASHBHADRA4
In few years Mutual Funds has emerged as a tool for ensuring one’s financial well being. Mutual Funds have not only contributed to the Indian growth story but have also helped families tap into success of Indian Industry. As information and awareness is rising more and more people are enjoying the benefits of investing in Mutual Funds. The main reason the number of retail mutual fund investors remains small is that six out of ten people with income in India do not know about Mutual Fund exists. But once people are aware of mutual fund investment opportunities, the number who decide to invest in Mutual Funds increases to as many as two in five people. Mutual Funds now play a very significant role in channelizing
the saving of millions of individuals into the investment in equity and debt instruments.
The title of the project is “Study on Mutual Fund Penetration levels and future of Mutual Fund
Industry in India”
The project report will focus on the penetration of mutual funds. The study will reflect the awareness level, investment pattern and the selection of a mutual fund scheme and their linkages with the financial objectives of working individuals. This project aims at making a study of the Indian Mutual Fund Industry: its current scenario and future outlook in India.
This project gave me a great learning experience and at the same time it gave me enough scope to implement my analytical ability. This report will help me to know about the investors’ preferences in Mutual Fund in any particular Asset Management Company (AMC), which type of fund they prefer, which option (Growth or Dividend) they prefer or how aware they are regarding the Mutual Fund.
The presentation covers the ecosystem of MSMEs in India, the challenges faced by entrepreneurs, GoI Initiatives, MSME Schemes provided by the government to encourage new enterprises, Opportunities available and the reasons of failure of new ventures and finally, details of the secors which provide opportunities for entrepreneurs to start a new business.
The vigorous cultural and civilization connections between ASEAN and India hold a significant potential for development of a strong partnership for further strengthening global linkages. The substantial areas of cooperation between India and ASEAN have grown tremendously and include diverse sectors such as Trade, Science & Technology, Human Resource Development, Health and Pharmaceuticals, Space Science, Agriculture, New and Renewable Energy, Information and Communication Technology, Telecommunications and Transport.
The August 2014 edition of the Multilateral Newsletter highlights the key deliberations made at the 12th ASEAN-India Foreign Ministers Meeting held in Nay Pyi Taw, Myanmar on 9 August 2014. In addition, it covers major happenings from the World Bank, United Nations Conference on Trade and Investment (UNCTAD), Asian Development Bank (ADB) and United Nations Development Programme (UNDP).
Housing is one of the basic needs of an individual in
terms of safety, security, self-esteem, social status, satisfaction
and achievement. A large amount is required to
construct/purchase a house, which is generally not available to
a person. Hence, over the last few years, housing finance has
become an attractive business for financial institutions of
India due to its low risk characteristics. But this sector has
some problems which require attention. My present paper is
an effort to draw attention towards the problems of this
sector.
A Comprehensive Study on Venture Capital Investments in IndiaDr. Amarjeet Singh
Venture capital investments is India has been a buzz
word over last five years. Venture capital investments have
been considered as alternative financing sources for
entrepreneurs.Venture capital has been established as “risk
finance provided for the promotion of novice business ideas”
across the globe. However, the pattern of venture capital
investments across globe is dissimilar and concentrated in few
regions. Concentration of venture capital investments is found
to be influenced by geographic specific factors. Venture
capital industry in India is in the growth stage and has
witnessed tremendous growth in the last five to eight years. It
is crucial to trace the venture capital investment pattern of the
nurturing venture capital industry like in India to assess the
areas of interest of investments and potential arena of venture
capital investments. This would help to understand the nature
of venture capital investors and their expectations by the
potential entrepreneurs and portray the potential area of
investments to the potential investors.
Mutual fund analysis on debt schemes with special reference to kotak bond fundSourav Mahato
Mutual Fund which pools the funds from the investor & reduces risk by investing in different diversified assets. I studied as to how this industry proves to an option for the investors, by studying the performance of mutual funds for few months considering their Net Asset Values.
The Finance Minister has presented a realistic and pragmatic Budget aimed at striking the right chord with all segments of the society and successfully delivering on the nation’s expectations. The Budget has attempted the difficult task of deftly maintaining the fiscal deficit within prudent levels, boosting consumption spending and investment demand while enhancing welfare expenditure. The Finance Minister needs to be congratulated for maintaining a check on the fiscal deficit despite the overwhelming need to raise public expenditure to boost growth. The fiscal deficit of 3.5 per cent of GDP for Budget 2016-17 will be lowered to 3.2 per cent for the coming year. At the same time, it is commendable that the Budget reduced the revenue deficit to 1.9 per cent of GDP, while increasing capital expenditure by over 25 per cent. Adherence to the fiscal prudence imperatives will lay the foundation for long-term growth and CII appreciates this commitment.
India @ G20 : A Primer on Priorities
Economic growth, industrialization, infrastructure and access to energy provide the foundations of development
for any growing economy.
‘Building Resilience’ is the prime objective of the G20 and with this in mind this grouping has set itself the
task of increasing the stability and resilience of economies, and thus of the global economy as a whole. Global
economic growth had taken quite a blow in recent times and therefore become much weaker overall than it
did after previous economic downturns. As a result, public and private debt across various regions, Central
banks’ interest rates got negatively impacted in many G20 countries. Structural reforms in G20 countries, with
focus on fiscal and monetary policies are the key to stability and long-term sustainability.
The vigorous cultural and civilization connections between ASEAN and India hold a significant potential for development of a strong partnership for further strengthening global linkages. The substantial areas of cooperation between India and ASEAN have grown tremendously and include diverse sectors such as Trade, Science & Technology, Human Resource Development, Health and Pharmaceuticals, Space Science, Agriculture, New and Renewable Energy, Information and Communication Technology, Telecommunications and Transport.
The August 2014 edition of the Multilateral Newsletter highlights the key deliberations made at the 12th ASEAN-India Foreign Ministers Meeting held in Nay Pyi Taw, Myanmar on 9 August 2014. In addition, it covers major happenings from the World Bank, United Nations Conference on Trade and Investment (UNCTAD), Asian Development Bank (ADB) and United Nations Development Programme (UNDP).
Housing is one of the basic needs of an individual in
terms of safety, security, self-esteem, social status, satisfaction
and achievement. A large amount is required to
construct/purchase a house, which is generally not available to
a person. Hence, over the last few years, housing finance has
become an attractive business for financial institutions of
India due to its low risk characteristics. But this sector has
some problems which require attention. My present paper is
an effort to draw attention towards the problems of this
sector.
A Comprehensive Study on Venture Capital Investments in IndiaDr. Amarjeet Singh
Venture capital investments is India has been a buzz
word over last five years. Venture capital investments have
been considered as alternative financing sources for
entrepreneurs.Venture capital has been established as “risk
finance provided for the promotion of novice business ideas”
across the globe. However, the pattern of venture capital
investments across globe is dissimilar and concentrated in few
regions. Concentration of venture capital investments is found
to be influenced by geographic specific factors. Venture
capital industry in India is in the growth stage and has
witnessed tremendous growth in the last five to eight years. It
is crucial to trace the venture capital investment pattern of the
nurturing venture capital industry like in India to assess the
areas of interest of investments and potential arena of venture
capital investments. This would help to understand the nature
of venture capital investors and their expectations by the
potential entrepreneurs and portray the potential area of
investments to the potential investors.
Mutual fund analysis on debt schemes with special reference to kotak bond fundSourav Mahato
Mutual Fund which pools the funds from the investor & reduces risk by investing in different diversified assets. I studied as to how this industry proves to an option for the investors, by studying the performance of mutual funds for few months considering their Net Asset Values.
The Finance Minister has presented a realistic and pragmatic Budget aimed at striking the right chord with all segments of the society and successfully delivering on the nation’s expectations. The Budget has attempted the difficult task of deftly maintaining the fiscal deficit within prudent levels, boosting consumption spending and investment demand while enhancing welfare expenditure. The Finance Minister needs to be congratulated for maintaining a check on the fiscal deficit despite the overwhelming need to raise public expenditure to boost growth. The fiscal deficit of 3.5 per cent of GDP for Budget 2016-17 will be lowered to 3.2 per cent for the coming year. At the same time, it is commendable that the Budget reduced the revenue deficit to 1.9 per cent of GDP, while increasing capital expenditure by over 25 per cent. Adherence to the fiscal prudence imperatives will lay the foundation for long-term growth and CII appreciates this commitment.
India @ G20 : A Primer on Priorities
Economic growth, industrialization, infrastructure and access to energy provide the foundations of development
for any growing economy.
‘Building Resilience’ is the prime objective of the G20 and with this in mind this grouping has set itself the
task of increasing the stability and resilience of economies, and thus of the global economy as a whole. Global
economic growth had taken quite a blow in recent times and therefore become much weaker overall than it
did after previous economic downturns. As a result, public and private debt across various regions, Central
banks’ interest rates got negatively impacted in many G20 countries. Structural reforms in G20 countries, with
focus on fiscal and monetary policies are the key to stability and long-term sustainability.
Building Data Moments in the Midst of Your Student Affairs WorkMatt Cummings
Building Data Moments in the Midst of Your Student Affairs Work, led by
Matt Cummings, will examine the efforts by the Hartman House and how we incorporate data tracking with student volunteering, events, and student one-on-ones. Participants will gain an understanding of data tracking methods, how to report data, and how to build data collecting into their programs.
The Insiders Guide to Passive Candidates.
Did you know that almost 85% of the global workforces are Passive Candidates who wants to hear from recruiters - and a meagre 15% are satisfied with their current jobs!
Windows of Change: How Connected Educators Are Driving Real ReformChris Wejr
Keynote presentation at the 2013 e-learning conference in Lafayette, Indiana. Sharing stories and thoughts on how connected educators are using social media and creating the narrative that is driving real education reform.
Seven secrets every developer should know before getting into manager or lead...Pramod Paranjape
At some point of time in your career, you have to decide if you want to continue on technical path or to take up a management role. Imagine that you have taken up a management role; how would your life look like?
What will change when you get into manager or lead role? Here are Seven secrets nobody told you...
Curious how to start digital communications with your student audience? This presentation will guide you through the basics of how and where to create visual content and look at some basic analytics.
We don't do everything well, but as you learn, having somewhat of a plan and doing it will lead to more engagement. This slideshare is a presentation for the Impact 2016 Conference.
WD 2015_Spin off & the city_Michael De Blauwe (KULeuven Research & Development)Els Brouwers
Op 27 november 2015 organiseerde de VRP naar jaarlijkse gewoonte de Werelddag van de Stedenbouw. Dit jaar stond het congres in het teken van ruimte en economie met als titel 'It's the economy, darling'. Ruim 200 deelnemers woonden in de Budafabriek in Kortrijk tal van lezingen, workshops en terreinbezoeken bij die waren onderverdeeld in vier subthema's: 'Ruimtelijke verweving van economie en andere functies', 'Duurzame ruimte voor ondernemen', 'Retail en ruimte' en 'Incubatoren, spillovers & the next economy'.
5 major opportunities awaiting manufacturers and their CFOsGrant Thornton LLP
It’s an exciting time to be in manufacturing. Revenues are on the rise, employment is up, and with potential for increased profits, today’s manufacturing CFOs understand that their role goes beyond the bottom line. A fall 2014 Grant Thornton LLP survey of 350 CFOs explored some of these burgeoning possibilities. This infographic identifies C-level insights about how to make the most of them.
Find out more about our survey at grantthornton.com/valueaddCFO.
Many libraries use social media channels to connect with customers, to answer questions, and to just “be there” for their community. Do you know if your social media channel is successful, and are you meeting your library’s goals? Most social media channels have analytics or insights that will help figure this out. This talk explores analytics for different social media channels and explains what you should track and why.
The Infrastructure sector has been the key driver for the Indian economy. The sector is critically important for sustaining the momentum of the economic growth, and the Government has undertaken policy interventions and initiatives to boost the sector.
Foreign Direct Investment (FDI) received in the construction sector (including townships, housing and built-up infrastructure) from April 2000 to March 2017 is estimated at USD 24.3 billion.
CII, over the years, has been working very closely with stakeholders across the infrastructure verticals to stimulate greater private sector investment. This edition of the Policy Watch focuses on the infrastructure sector.
The September issue of Multilateral Newsletter captures the role of BRICS in the developing world and its contribution to the global economy, several new cooperation mechanisms to foster cross border trade and investments and remarks by Hon’ble Prime Minister of India at the 9th BRICS Summit. It also includes the highlights of the discussions and key takeaways of the Indian Ocean Rim Association (IORA) Conference on Water Security & Sustainability and the highlights of the ASEAN Session at the CII 14th Global MSME Business Summit. In addition to this, the Newsletter highlights the key trade engagements of India with Organization for Economic Cooperation and Development (OECD), World Economic Forum (WEF), United Nations Industrial Development Organization (UNIDO), Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC), World Bank (WB) and Asian Development Bank (ADB).
The March-April edition of the Multilateral Newsletter gives insights on the key happenings at the various multilateral institutions and highlights the key discussions and deliberations at the informal WTO Ministerial Meeting held in New Delhi.
WTO plays a vital role by bringing stability and predictability to the multilateral trading system. It is a collective responsibility of WTO members to address the challenges faced by the system and putting the economies back on steady and meaningful way forward.
Several proposals and initiatives on investment facilitation were tabled at the WTO in the run-up to the 11th Ministerial Conference. The proponents advocated discussions on Investment Facilitation within the WTO framework. However, there was no consensus on initiating negotiations, or even establishing a Work Programme, on Investment Facilitation. A clear need of more work to look at all aspects of a potential multilateral rules on Investment, particularly on its impact on domestic policy space was stated.
In order to deepen the understanding between the member it is important that an open, transparent and inclusive approach of decision making for the various interventions. The informal WTO Ministerial gathering in New Delhi saw convergence of around 53 members representing a broad spectrum of the WTO membership.
CII, as an Industry Institution is cognizant of the need for India to engage constructively in some of the new issues being discussed under the WTO framework.
The essence of the CII Sessions on Africa India Cooperation organized during the 52nd Annual Meetings of the African Development Bank Group 2017 at Gandhinagar, Gujarat has been to encourage Indian exporters to access the African countries and increase their presence in the region. This multi-pronged target of increasing trade, investment and developmental activities requires sustained efforts. CII has been taking initiatives towards keeping up the momentum on the Africa agenda with the Indian investors and exporters. The growing India-Africa economic exchanges bear testimony to the tangible benefits that has accrued from the high profile engagements at the Sessions.
The April-May edition of the newsletter outlines the highlights of the Sessions on Africa India Cooperation organized as the part of the 52nd Annual Meetings of the African Development Bank Group as well as provides brief information on happenings at Multilateral regions and institutions.
The October edition of CII Communique features cover story on "MSMEs in India: The Road Ahead". The journal also talks about India Japan Business Leaders Forum, various initiatives undertaken during the month and economy in detail.
This edition of the newsletter focuses on the areas under the taskforces formed by the B20 China which are
important to us considering India’s socio-economic development and priorities of the government.
This edition of the Newsletter highlights the converging areas of interest in the BRICS grouping and its contribution in charting a new global landscape.
The Newsletter also covers key happenings from International Trade Centre (ITC), The World Bank (WB), Asian Development Bank (ADB) and United Nations Development Programme (UNDP).
The CII Communique comes to you this month with a new look and presentation. From this issue onwards, you will continue to see changes in the style, design and content of our monthly magazine. Our endeavour is to offer you more features that are relevant and tailored to industry readers, and share innovative ideas for industry growth and success. Each edition would present novel business models, new CII initiatives, and contemporary issues to meet your information needs in a dynamic world.
Growth of Lease Financing in BangladeshAriful Saimon
Faculty of Business Studies
Term Paper Report On
“Growth of Lease Financing in Bangladesh”
Submitted to,
Ms.Fatema Afreen
Lecturer
Department Of Finance
Faculty of Business Administration
Premier University
Submitted By,
Md Ariful Islam Saimon Chy
ID-1022114412
Finance-A
22st Batch
Session: April2010
Premier University
Date of Submission:
Across the world, governments are searching for new policy measures to mobilise investment for long-term sustainable development. The UNEP Inquiry is working across 15 countries to identify practical policy options and in India is partnering with FICCI, which has formed a national advisory committee, chaired by Ms Naina Lal Kidwai, Chairman HSBC India and Executive Director HSBC Asia Pacific.
This is the Interim Report of the UNEP India Inquiry work, a recommendatory report for developing a long-term sustainable financial system.
International Conference on Management of Infrastructure (ICMI-2013) held on February 15-16 2013, at the
College of Management and Economics Studies (CMES) ,
University of Petroleum and Energy Studies (UPES), Dehradun .
The May edition of the Multilateral Newsletter highlights the key deliberations from the Forum and provides the key recommendations made by the OECD stakeholders. In addition, the edition covers major happenings at the World Bank, Asian Development Bank (ADB), B20 and International Labour Organisation (ILO).
Micro, Small and Medium Enterprises (MSMEs) sector is the backbone of the national economic structure and has acted as the bulwark for the Indian economy, providing it resilience to fend off global economic shocks and adversities. The development of the sector is extremely critical to meet the national imperatives of financial inclusion and generation of significant levels of employment across urban, rurban and rural areas and to catalyse socio-economic transformation.
Easy access to credit and finance remains one of the many challenges faced by the sector. Hence, in view of the sector's importance in the overall economic landscape, it is critical the MSME sector develops through the concerted efforts of various stakeholders, including banks and financial institutions, equity funds, industry majors and MNCs, regulators across various ministries at the Center and in the States, and trade associations, together, to create a forward-looking framework and ecosystem. The competitiveness of the MSME sector is critical for sustaining economic growth.
It’s a matter of concern that 600 million people in India face high to extreme water stress in the country. About three-fourths of the households in the country do not have drinking water at their premise. With nearly 70% of water being contaminated, India is placed at 120th amongst 122 countries in the water quality index. It’s a fact that water is a State subject and its optimal utilization and management lies predominantly within the domain of the States. This index is an attempt to budge States and UTs towards
efficient and optimal utilization of water and recycling thereof with a sense of urgency.
GST, the single taxation regime, was implemented a year back and though there were some initial implementation issues, as is the case with any system for the first time, it is safe to say that the GST has been the biggest tax reform of Independent India.
Cyberspace is rapidly transforming our lives – how we live, interact, govern and create value. With the JAM (Jan Dhan, Aadhaar and Mobile) trinity, India is at the forefront of global digital transformation. “Digital India” is being hailed as the world's largest technology led programme of its kind.
While internet, smartphones and modern information and
communication devices have been great force multipliers, endless connectivity and proliferation of IoT devices is giving rise to vulnerabilities, risks and concerns. Cyber security is today ranked among top threats by governments and corporates. Heightened concerns about data security and privacy have resulted in a spate of regulations in India and across the world. India is in the process of discussing and enacting its own comprehensive data security and privacy regulation, as well as vertical specific ones. Cyber security is an ecosystem where laws, organisations, skills, cooperation and
technical implementation would need to be in harmony to be
effective.
Overall, a robust regulatory framework based on global and
country-specific regulations, development of a holistic cyber
security eco-system (academia and industry as well as
entrepreneurial) and a coordinated global approach through
proactive cyber diplomacy would help to secure cyber space and promote confidence and trust of key stakeholders including
citizens, businesses, political and security leaders.
CII has been actively working in the cyber security space. The CII Task Force on Public Private Partnership for Security of the Cyber Space has been set up to bring about improvements in the legal framework to strengthen and maintain a safe cyberspace ecosystem by capacity building through education and training programmes. We would facilitate collaboration and cooperation between Government and Industry in the area of cyber security in general and protection of critical information infrastructure in particular, covering cyber threats, vulnerabilities, breaches, potential protective measures, and adoption of best practices.
Delhi, the capital of India, has emerged as a major commercial capital and industrial hub of India. It is home to a wide range of industries including textiles, electrical and electronics, IT &ITeS services, hotel and tourism, which have contributed immensely to the economic and industrial growth of the country. Nearly 88% of the SMEs in Delhi revealed that this cluster is as an attractive destination for conducting business. Delhi has become an attractive business and tourist destination. This is driven by its improved infrastructure, good connectivity with other Asian and western regions, ease of access to market and availability of skilled labor among others. Consequently, it has emerged as
one of the most preferred investment and business destinations.
The state government of Maharashtra has been at the forefront in creating a conducive business environment that fosters globally competitive firms. Business reforms introduced both by the Central as well as the state government have played a critical role in India’s 30 spots improvement in the Doing Business ranking for 2018.
The State, under the Business Reforms Action Plan (BRAP) 2016, has implemented over 90 per cent reforms in 7 out of 10 parameters, including labour registration, utility connections, single window system, environment registration, among others. These policy reforms have significantly helped in the reduction in time and cost of doing business for the industry, thereby
establishing Maharashtra as one of the top investment destinations in the country.
This report provides the key highlights of the select initiatives on ease of doing reforms in Maharashtra. With a view to provide on-ground impact of these initiatives, the Report also captures industry views on various aspects of business reforms.
Businesses are gradually recognizing that ethics means good business. It is believed that well-run and trustworthy
companies are more likely to attract greater investment opportunities, which enables them to innovate and expand, and
generate wealth and jobs. Good corporate governance practices are regarded as providing an 'extra' edge to companies
to enhance their image and stay ahead in an intensely competitive business environment. This would help them imbibe
universally accepted values of ethics and good governance—accountability, transparency, responsibility and
responsiveness to stake holders. Besides, it would also mean looking beyond achieving mere economic sustainability to
include social and environmental sustainability as well. Many corporates are adhering to sustainable business practices
and many more are likely to follow suit in the time to come.
On the domestic front, CII expects economic growth to bounce back to 7.3-7.7 per cent in FY19 from the estimated 6.6
per cent in FY18. The prognosis of improved rural consumption and a recovery in private investment will support
growth, even as the debilitating effects of demonetisation and GSTimplementation will fade away
The Commuique May 2018 edition discusses the cover story
on 'Resolving Insolvency in India'
The Insolvency and Bankruptcy Code (IBC) 2016, is one of
the biggest regulatory reforms corporate India has witnessed
in recent times.
It also features 'UK-India CEO Forum Meeting ', 'CII CEOs Delegation to 11th Commonwealth Business Forum 2018', 'Four Transformations of the Global Energy Market', Economy pieces on 'The Innovation Paradox' & 'Can the Lion Conquer the Forest?' along with a piece on 'India-Africa Economic Partnership'.
The government of India has, in the past few years, accorded an utmost priority to the Ease of Doing Business (EoDB). The accent is on simplification of regulations and use of technology to make the compliance more efficient for businesses. Apart from the Centre, the States are also being encouraged to implement business reforms in the spirit of competitive federalism, to foster reforms at the sub-national level. The measures are aimed at creating a conducive business environment, which is a key to facilitating growth and creating jobs. Thanks to these measures, India’s EoDB ranking, captured by the World Bank, has improved by 42 spots since 2014 to touch the 100th position now. The Prime Minister envisions India among the top 50 nations in the next couple of years.
While business reforms are being undertaken at a rapid pace and large scale, cutting across Central as well as state levels, it is imperative that awareness about these developments is created among stakeholders and regular feedback is generated to address the gaps in the implementation of reforms. Identification of pending issues and suggesting possible solutions are equally vital. It is also important to identify the best practices within and outside the country, which are considered for implementation by the needy states.
The report reflects on the role of broadband connectivity and the multiplier effect it has on the larger ecosystem. India is ripe for a Digital rethink, with both government and industry aligning their efforts toward a broadband powered Digital India. Broadband has the power to enable the gigabit society that is always connected. Broadband connectivity has changed the way people
communicate, socialise, create, sell, shop and work. India’s digital consumption patterns highlights the evolution. On an average Indians spend 200 minutes on mobile every day, with the second highest app downloads globally. Almost 79% of the web traffic in India is on mobile.
To realise the Digital India dream, there is a need to strengthen the broadband backbone, which forms a key pillar of this transformation. This report highlights the need for future ready and robust broadband infrastructure and the requisite efforts for expediting its reach.
South Africa and India share a rich past and bright future. India has transitioned from being South Africa’s political ally to being a vibrant economic partner. Despite challenges, the opportunity for increasing the value of bilateral trade between the two countries is growing exponentially each year.
South Africa and India have nurtured a bilateral relationship since the 1860s, when the first Indians arrived in South Africa. India was one of the first countries that rallied at the United Nations in support of the anti apartheid movement in South Africa. The strong bond established between the two countries during the struggle for democracy in South Africa became further entrenched in post-apartheid South Africa.
Most global businesses recognise South Africa as the most favourable destination in Africa for making long-term investments. The country offers a stable political and economic environment with established institutions. Policies and procedures are well articulated and consistent, and it offers a free and competitive environment with open-minded consumers. South Africa provides the most stable and technologically viable environment for Indian companies wishing to establish a base from which to expand across the continent. As a gateway to Africa, it is renowned for its infrastructure, skills pool and expertise.
Our world is changing at an unprecedented pace, driven by a new digital economy. Companies across sectors are keen to become more efficient, disruptive, and differentiated, by using new technologies and supported by an ecosystem of customers, partners, and technology leaders. New-age technologies such as Artificial Intelligence (AI), Augmented Reality (AR), Blockchain, Machine Learning, 3D printing, and IoT are gaining more and more importance and acceptance.
India has all the ingredients in place to leverage this innovation and technological advantage in the long run, including university graduates, public institutes and corporates. However, India’s gross expenditure on R&D as a proportion of GDP (GERD) is less than 0.7% as of 2014-15 and within this, the share of industry is just 30%. Further, the vast SME sector needs to scale up technology infusion for higher productivity.
This is the fifth edition of the Grant Thornton India meets Britain Tracker, developed in collaboration with the Confederation of Indian Industry. The India Tracker identifies the fastest-growing Indian companies in the UK, as well as the top Indian employers. It provides insight into the evolving scale, business activities, locations and performance of the Indian-owned companies who are making the biggest impact in the UK.
This year, our research identified approximately 800 Indian companies operating in the UK, with combined revenues of £46.4 billion (£47.5 billion in 2017). Together, they paid £360 million in corporation tax (£275.7 million in 2017) and employed 104,932 people (105,268 in 2017). This shows the continued importance of the contribution that Indian companies make to the UK economy.
The Make in India initiative of the government which lays emphasis on domestic manufacturing, indigenization and import substitution, is expected to pave the way for making the Indian defence sector self-sufficient.Encouragingly, the Indian industry is now actively engagedand is partnering with the government in building a modern and best-in-class defence systems, equipment and components which should strengthen our forces and make the country more self-reliant. The formation of the Society of Indian Defence Manufacturers (SIDM) as an apex body of the Indian defence industry is critical in this regard. SIDM is expected to play a proactive role as an advocate, catalyst and facilitator for building the growth and capability of the defence industry in India. Given the rising importance of buttressing the Make in India programme for expanding the capacity of the Indian defence sector, in this issue of Economy Matters, a few SIDM office bearers and defence experts present their insights into this crucial topic.
As India integrates deeper into the global economy, it is becoming increasingly clear that the country needs to focus both on meeting international competition and its own developmental challenges.
The Government launched several initiatives last year, such as Make in India, Skill India, and Digital India, among others, towards make the vision of integrated inclusive development a reality.
For industry, grappling with the challenges of disruptive technologies, restrictive trade laws, environmental responsibilities and more demanding and discerning customers, the imperative is for sharper focus on producing excellent goods and services, along with building skills, generating jobs, and mainstreaming the marginalized.
Personal and freight mobility are important aspects of economic development and therefore create a significant footprint on the natural environment, especially on the ambient air quality. Vehicular emissions have been identified as one of the sources of air pollutants, specially PM 2.5, as per source apportionment study of IIT-Kanpur commissioned by Government of NCT of Delhi in the year 2015 (Sharma and Dikshit, 2016). Although there are other contributors to air pollution but the vehicular pollution remains a major non-point source. Efforts are needed for reducing the overall impact of the same. Another distinguishing feature of Delhi’s transportation system is the medium and heavy commercial vehicles (MHCVs) which are 2.5% of the total vehicular population but are responsible for over 65% of the total vehicular pollution as well as fuel consumption.
Under CII-NITI Aayog 'Cleaner Air Better Life Initiative', the task force on clean transportation has undertaken a consultative process to identify seven areas of action towards mitigation of air pollution in Delhi and National Capital Region (NCR). To begin with, it proposes mobility reforms to induce a more fundamental change from private vehicle towards sustainable means of transportation such as public and shared transportation. Further, limiting high-mileage polluting vehicles, strengthening Pollution-Under-Control (PUC) regime, allowing retailing of bio-fuels, promoting electric-mobility, decongesting traffic hotspots and retrofitting solutions are recommended by the task force, as elaborated.
Confederation of Indian Industry (CII) takes immense pleasure in presenting the third edition of Annual CSR Tracker 2017. Similar to the last two editions, this is the most comprehensive analysis of CSR disclosures of Bombay Stock Exchange (BSE-listed) companies obligated to practice CSR as per the Companies Act, 2013.
The Annual CSR Tracker 2017 is based on disclosures of 1,522 companies as compared to 1,270 companies in 2016 and 1,181 in 2015. Disclosures are broken into approximately, 41 indicators spread across six aspects of CSR legislation: governance, policy, financials, spends as per Schedule VII, spend channels, and spend locations. Also included is beneficiary data that companies voluntarily disclose in their annual reports.
At CII Indian Women Network, we are driven by the imperative that Indian women become a core critical mass of the workforce to bring about the transformational change in attitude and behavior. We have also recognized the importance of some amazing women role models who can inspire the future generation into believing that there are no limits to what a woman can achieve. One critical aspect is our own self-belief and innermost conviction that will ultimately help us triumph in our relentless struggle for gender equality. It is a pleasure to share this comprehensive report with you that captures the universe of several variables that will impact our future progress.
To strengthen the major growth drivers and would go a long way towards facilitating the path of a GDP growth rate of more than 8%. Many of the measures announced in this Budget such as market linkages for the rural economy, incentives for new jobs, fixed term employment, enhancing the quality of education, including teachers training, and addressing healthcare access are in line with CII recommendations.
To enable India to leapfrog into the digital age, CII has been advocating on four broad pillars i.e. building robust infrastructure,
reducing cost of inputs, workforce development and promoting innovation and R&D. In this regard, the Budget’s proposal for
encouraging high-end technologies is a forward-looking initiative. The Government's move to double the allocation on the Digital India programme will help research and skilling in Robotics, Artificial Intelligence (AI) and Internet of Things (IoT), among others.
The initiatives on National Programme on Artificial Intelligence to be set up by NITI Aayog, the 5G test-bed in IIT, Madras and the mission to encourage Big Data, Cybersecurity and Robotics announced in the Budget will help promote Industry 4.0. All these would lay the foundation for the proliferation of advanced manufacturing in India while creating new skills and jobs in the country.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
This session provided an update as to the latest valuation data in the UK and then delved into a discussion on the upcoming election and the impacts on valuation. We finished, as always with a Q&A
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Recruiting in the Digital Age: A Social Media MasterclassLuanWise
In this masterclass, presented at the Global HR Summit on 5th June 2024, Luan Wise explored the essential features of social media platforms that support talent acquisition, including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok.
The key differences between the MDR and IVDR in the EUAllensmith572606
In the European Union (EU), two significant regulations have been introduced to enhance the safety and effectiveness of medical devices – the In Vitro Diagnostic Regulation (IVDR) and the Medical Device Regulation (MDR).
https://mavenprofserv.com/comparison-and-highlighting-of-the-key-differences-between-the-mdr-and-ivdr-in-the-eu/
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
1. 1Multilateral Newsletter
this IssueInside
Focus Story
Best Practices in PPPs and Long Term Infrastructure Financing.....2
Highlights of the 4th ASEAN-India Summit and 11th
East
Asia Summit in Vientiane, Lao PDR......................................5
ADB
ADB Approves $150 Million to Support Microfinance,
Sanitation in India���������������������������������������������������������������� 6
Asian Development Outlook 2016 Update: Meeting the
Low‑Carbon Growth Challenge............................................6
Aug-Sep 2016, Volume 3, Issue 10
Message from Mr Chandrajit Banerjee, Director General, CII
More than a decade after the acronym BRICS was coined by Goldman Sachs, Brazil, Russia,
India, China, South Africa - constituents of this powerhouse called BRICS - are driving a
paradigm shift in the way trade and business are conducted between each other.
India assumed the chairmanship of BRICS during the year 2016 and hosted the 8th annual
Summit of BRICS on 15-16 October in Goa. The focus during India’s BRICS Chairmanship was
on institution-building and implementation of commitments made at previous Summits, besides
exploring synergies among the various existing and established framework mechanisms. To fulfil
these objectives, various engagements were held on the sidelines of the BRICS Leaders’ Summit which eventually
helped in developing the final commuque at the Leaders Summit.
The BRICS economies also share the challenge of infrastructure deficiency. To help address this issue and to help
mobilise resources for infrastructure development, the BRICS Member Countries finalized a strategy in July 2014 to
establish the New Development Bank (NDB). It is in this context that the role of capacity building, including sharing
of information and experience in implementing PPPs and innovative means to finance long term infrastructure
projects plays an important role. It was with this in mind, that the Government of India (GOI) in partnership with
Confederation of Indian Industry organized a day long Knowledge Exchange Seminar on “Best Practices in PPPs and
Long-term Infrastructure Financing” on Thursday, 22 September, 2016 in New Delhi.
The August - September edition of the Newsletter focusses on the recommendations of the Knowledge Exchange
Seminar, updates on the ASEAN Summit the ASEAN Development Outlook, amongst others.
Chandrajit Banerjee
Multilateral
Asia Pacific Shows Progress in Water Security, but Challenges
Remain���������������������������������������������������������������������������������������7
ITC
What role for women in international trade?�����������������������������8
Standards play key role in making value chains more
sustainable���������������������������������������������������������������������������������9
ILO
Improved working conditions in the apparel industry make
workers’ lives better and businesses stronger��������������������������13
NEWSLETTER
2. 2 Multilateral Newsletter
India assumed the chairmanship of BRICS during the year 2016. The core-theme for BRICS Chairmanship this year
is Building Responsive, Inclusive and Collective Solutions with a special focus on institution-building, implementing
past commitments and exploring innovative solutions in a spirit of continuity with consolidation. As part of the
BRICS Summit held in India this year, Ministry of Finance, Government of India in partnership with Confederation
of Indian Industry organized a day-long Knowledge Exchange Seminar on “Best Practices in PPPs and Long-term
Infrastructure Financing” on Thursday, 22 September, 2016 in New Delhi. Shri Arun Jaitley, Hon’ble Minister of
Finance, Government of India, inaugurated the seminar and delivered the keynote address.
As part of the Inter-Governmental Agreement, in July 2014, the BRICS Member Countries finalized a strategy
for establishment of the New Development Bank (NDB) and its role to mobilize resources for infrastructure
and sustainable development projects in BRICS and other emerging and developing countries. Across the globe,
economies are facing a massive gap in infrastructure development that can be bridged if concerted efforts
are made to increase investment in infrastructure. In order to achieve sustained and continued development,
vigorous steps will have to be taken to create an investor-friendly environment, fostering social inclusion and
fiscal consolidation to accelerate infrastructure development.
The use of Public Private Partnership (PPP) as an instrument of procurement for creation of infrastructure assets
and delivery of public services has been recognized globally. Apart from bridging the deficit in financing of public
projects, PPPs also brings new and cost effective technology for creation of infrastructure assets, managerial
efficiency, competency for operation, maintainence of the created assets and contractual accountability on the
private party to ensure timely and quality infrastructure service to the end users.
The seminar deliberations revolved around the following three sessions:
Session I: Regulatory Issues and Financing of Infrastructure
Emerging economies are in the process of creating an effective regulatory framework across Infrastructure
Sectors. Since, the issues impacting infrastructure development are both financial and non-financial which need
to be addressed in totality, the session aimed to capture the point of view of a cross section of stakeholders
from BRICS countries.
Session II: Innovative Investment Vehicles for Long Term Infrastructure Investment
While public infrastructure expenditure cannot be replaced or substituted in the provision of public infrastructure,
the scale of required financing cannot be met through government budgets alone, given limited fiscal space.
This session deliberated on innovative investment vehicles that attract long term investors while ensuring all
prudential safeguards.
Session III – PPP Project Delivery and Post Award Contract management
PPP contracts are often complex where both parties are expected to manage the uncertainties and complexities
that arise over the long-term concession period of 15-30 years. There are many nuances in forming and building
a contract. This session focused on gathering experience from representatives of BRICS countries to arrive at
Focus Story
Best Practices in PPPs and Long Term
Infrastructure Financing
3. 3Multilateral Newsletter
Focus Story
the best practice for a model contract.
Mr Arun Jaitley, Hon’ble Minister of Finance, Government of India said that there is a need to fill and fund
huge infrastructure deficit that exists in the developing economies.
Since, one model does not fit all, each country will have to come out with its own innovative strategies. For
India to grow at 7.5% and more, it is essential to have sectoral, focused, specific funds which aim to revive
sector specific PPP Projects. Few such examples shared by the Hon’ble Minister were the development stories
of National Highway Development Model, Airports, Port, Railways, etc. It is crucial to share best practices and
experiences with each other and move towards a perfect model, he added.
Mr Shaktikanta Das, Secretary (Economic Affairs), Ministry of Finance, Government of India, stressed on the
fact that this interactive session between the BRICS Countries will provide an insight on PPP best practices and
that knowledge sharing will help adopt to the same. He highlighted that there is a critical relation between
infrastructure and economic growth and that the bottlenecks of infrastructure projects need to be tackled at
the earliest.
Mr Ajay Tyagi, Additional Secretary (Investments), Department of Economic Affairs, Ministry of Finance said that
in India, several innovative funding instruments have been developed such as Infrastructure Debt Fund, REITs,
INVITs, NIIF etc. The best source of long term financing is corporate bonds. Long term investment bonds Tax
free bonds are the two types of corporate bonds that have encouraged investors over the past 5 years. India has
been able to raise Rs 1.5 trillion through these bonds, with tax free bonds alone amounting to Rs 1.1 trillion.
Mr Chandrajit Banerjee, Director General, Confederation of Indian Industry also said that with a focus on
constructive industrialism there is a need to better manage the PPP projects with a special focus on disputes,
innate uncertainties of finances and regulatory structure. There should be an equitable risk sharing and a
conducive environment for successful and effective implementation of the PPP projects.
Mr. S Raman, Whole Time Director, SEBI was of the view that India’s biggest innovation with regards to long-
term financing is the Infrastructure Investment Trusts INVETs and REITs. With all the taxation issues sorted out,
there has been a substantial movement with 6 INVETs getting registered and many foreign inverters showing
interest.
Mr Yaduvendra Mathur, Chairman and Managing Director, Export Import Bank of India shared his perspective
on the maturity of Indian economy and evolvement of regulatory space in the country. He stressed on the
need for long term infrastructure funding and sought the view points from representatives of BRICS countries
to share the best practices to encourage actualization and co-financing of cross border infrastructure projects,
within the BRICS nations.
Mr. Raghav Chandra, Chairman, National Highways Authority of India, Government of India said that India is
still in a learning phase in terms of PPP. He added that 113 highway projects have been successfully completed
while 120 projects are on-going.
Mr. Marc Patridge, Managing Director, GAZPROM Bank, Russia mentioned about the Western High Speed
Diameter around St. Petersburg, which is a leading example of PPP project in Russia. Russia has come up with
a Federal law, a National law, in early 2016 which is a culmination of the success stories of all regional laws
that existed previously.
Mr. Diogenes E C Alvares, Head of Business Structuring Unit, Empresa de Planejamento e Logistica, highlighted
Brazilian Governments’s efforts in implementing social security economic reforms and unification of the various
similar ministries which enabled financial closures on 800 PPP Projects worth $ 500 billion in the last 15 years.
4. 4 Multilateral Newsletter
Focus Story
Brazil has implemented projects in various sectors including construction of roads of about 10,000 kms, projects
worth $5 billion in ports and airports under the PPP model.
Mr. Richard Lowe, Managing Director, Macquarie Infrastructure Real Estate Assets, India, emphasized on
the need to create a mechanism to tackle the changes and scenarios, responding effectively with transparency
and involvement of private sector. He also advised that the BRICS nations need to leverage on the tremendous
amount of shared knowledge that different nations and institutions have on PPP’s.
Mrs. Elena Stratyeva, Director, Russian Microfinance Center Vice-president for Infrastructure Development,
National Association of Microfinance Market Stakeholders explained on how Russia is focusing on PPPs in
microfinancing in SME’s. Russia has created an SME Bank to fund PPP projects. The Bank of Russia also supports
PPPs by lending to other banks like the SME Bank at a very nominal interest rate of about 6.5%.
Ms. Isadora Chansky Cohen, Under Secretary for Partnerships Innovation, State Government of Sao Paulo
stressed on the importance of using technology for interacting with stakeholders. Sao Paulo has a dedicated
cell for PPP which takes care of each and every aspect of all PPP projects and helps in getting the pre-requisite
clearances like land acquisition and environmental clearances.
Mr. William Dachs, Chief Operating Officer, Gautrain Management Agency, South Africa stressed on the importance
and necessity to provide best possible service and infrastructure to the people by ensuring appropriate utilization
of public resources. On contract management, he suggested the importance of introducing provisions for balanced
risk sharing, efficient services to the public and appropriate dispute resolution.
Mr. Suvek Nambiar, Managing Director and CEO, India Infra Debt Limited stated that since long term financing
mostly comes from Pension Funds, Mutual Funds, Insurance companies, etc., there is a need to have innovative
schemes for attracting other sources of long term financing. He also suggested that there should be a provision
of an Independent Regulator in PPP space.
Mr. Amit Kapur, Partner, J. Sagar Associates, Advocates Solicitors apprised the participants of the recommendations
of the Kelkar Committee Report which deals with the challenges of implementing PPP model in India. He briefly
gave examples of successful examples of PPPs in India viz. the 1994 Telecom Policy, the Hybrid Annuity Model
for roads and highways, private sector participation for development of various Airports and, the policy regarding
Ultra Mega Power Plants (UMPPs).
Ms Navita Yadav, Managing Director and CEO, Vistra ITCL (India) Limited, suggested that to ensure growth
and to attract investment, there is a need to focus on three critical elements such as transparent and tradable
infrastructure market, access to information and supportive regulatory framework.
Mr. Siva Rajaraman, Chief Executive, LT Infra Debt Fund said that since most infrastructure projects last for
more than 12-15 years, the short and medium term lenders do not have the requisite expertise to be able to
be involved actively in the project, which is much desired in order to ensure smooth delivery of the project
and keep them apprised of the progress of the project, financial and operational.
5. 5Multilateral Newsletter
ASEAN
Prime Minister Shri Narendra Modi attended the 14th ASEAN-India Summit and the 11th East Asia Summit to
be held in Vientiane, Lao PDR on 8 September 2016, at the invitation of H.E. Mr. Thongloun Sisoulith, Prime
Minister of Lao PDR. The Summits were attended by Heads of State/Government of the 10 ASEAN and 18 East
Asia Summit Participating Countries respectively. In the margins, Prime Minister also held bilateral meetings
with several leaders.
India's engagement with the ASEAN and wider Asia-Pacific region has acquired further momentum following
the enunciation of the ‘Act-East Policy’ by Prime Minister Shri Narendra Modi at the 12th ASEAN-India Summit
and 9th East Asia Summit in Myanmar in November 2014.
At the 14th ASEAN-India Summit, Prime Minister and ASEAN Leaders reviewed ASEAN-India cooperation and discuss
its future direction under each of the three pillars of politico-security, economic and socio-cultural cooperation.
They also exchanged views on regional and international issues of mutual interest and concern. 2017 will mark
25 years of India's dialogue partnership with ASEAN, to celebrate which a number of commemorative activities
will also be announced by Prime Minister.
ASEAN is a strategic partner of India since 2012. India and ASEAN have 30 dialogue mechanisms which meet
regularly, including a Summit and 7 Ministerial meetings in Foreign Affairs, Commerce, Tourism, Agriculture,
Environment, Renewable Energy and Telecommunications. Minister of State for External Affairs, General (Dr.)
Shri V.K. Singh (Retd.) recently attended the ASEAN-India Foreign Ministers' Meeting and EAS Foreign Ministers'
Meeting in Vientiane on 25-26 July 2016. Minister of State for Commerce and Industry, Smt. Nirmala Seetharaman,
attended the ASEAN Economic Ministers + India Consultations EAS Foreign Ministers' Meeting held in Vientiane
on 6 August 2016.
Trade between India and ASEAN stood at US$ 65.04 billion in 2015-16 and comprises 10.12% of India’s total
trade with the world. The ASEAN-India economic integration process has got a fillip with the creation of the
ASEAN-India Free Trade Area in July 2015, following the entry into force of the ASEAN-India Trade in Services
and Investment Agreements. Conclusion of a balanced Regional Comprehensive Economic Partnership Agreement
will further boost our trade and investment ties with the region.
The East Asia Summit is the premier leaders-led forum in the Asia-Pacific. Since its inception in 2005, it has
played a significant role in the strategic, geopolitical and economic evolution of East Asia. Apart from the 10
ASEAN Member states, East Asia Summit includes India, China, Japan, Republic of Korea, Australia, New Zealand,
United States and Russia.
India, being a founding member of the East Asia Summit, is committed to strengthening the East Asia Summit
and making it more effective for dealing with contemporary challenges.
At the 11th East Asia Summit, Leaders discussed matters of regional and international interest and concern
including maritime security, terrorism, non-proliferation, irregular migration, etc. Three statements/declarations are
under discussion for adoption at the EAS, viz. the Vientiane Declaration on Promoting Infrastructure Development
Cooperation in East Asia; an EAS Declaration on Strengthening Responses to Migrants in Crisis and Trafficking
in Persons; and an EAS Statement on Non-Proliferation.
Highlights of the 14th ASEAN-India Summit and
11th
East Asia Summit in Vientiane, Lao PDR
6. 6 Multilateral Newsletter
ADB Approves $150 Million to Support Microfinance,
Sanitation in India
The Asian Development Bank (ADB) has approved a $150 million equivalent debt financing to Janalakshmi
Financial Services Private Limited. ADB’s funding will support Janalakshmi’s conversion from India’s largest
nonbank financial company focused on microfinance lending to a small finance bank.
ADB’s investment will be used to help Janalakshmi grow its microfinance and SME loan portfolios. At least 50%
of the proceeds of ADB’s funding will be deployed by Janalakshmi in less developed states in India and a large
proportion will be provided to women.
“ADB is very pleased to support Janalakshmi’s growth as it transitions into a pan-India small finance bank and
looks to diversify and increase the tenor of its liabilities, while it builds its deposit franchise,” said Michael Barrow,
Director General of ADB’s Private Sector Operations Department. “In doing so, ADB will support Janalakshmi as
it furthers its mandate of financial inclusion, in line with Government of India programs.”
Mr. Barrow recently met with Janalakshmi’s founder, Mr. Ramesh Ramanathan, and other members of senior
management, to discuss the bank’s long-term strategy to develop a scalable platform to service the financial
needs of the poor by offering the complete value chain of financial products and services. Janalakshmi was
awarded an in-principle small finance bank license by the Reserve Bank of India in September 2015.
The proposed transaction also seeks to support the development and deployment of sanitation loans that
complement the government’s sanitation initiatives. More than half of Indian households do not have a toilet.
In addition to the spread of disease and various health issues that result from mismanagement of waste, women
are particularly affected by insufficient household sanitation. ADB’s funding, in combination with a technical
assistance grant, will help to develop and deploy sanitation loan prototypes that can be used by Janalakshmi, as
well as other financial institutions throughout India, as a complement to the government’s sanitation initiatives
to provide safe, clean, and secure toilet facilities..
Click here for more information
Asian Development Outlook 2016 Update: Meeting the
Low-Carbon Growth Challenge
Growth has held up in developing Asia despite a difficult external environment. The region is expected to grow
steadily at 5.7% in 2016 and 2017, the forecasts in this Update unchanged from Asian Development Outlook
2016.
While global commodity prices have begun to rebound, inflation remains largely subdued. Consumer prices will
likely rise by 2.6% in 2016 and 2.9% in 2017.
Continued slow recovery in the United States, the euro area, and Japan presents a clear downside risk to the
outlook. Uncertainty about the path of monetary policy in these economies, and the implications this has for
capital flows, complicates macroeconomic management in developing Asia. Policy makers globally need to resist
moves toward protectionism that would only undermine the recovery.
By transitioning to low-carbon growth, developing Asia is poised to reap outsized rewards as an essential player
in the global effort to contain climate change.
Click here for more information
ADB
7. 7Multilateral Newsletter
Asia Pacific Shows Progress in Water Security, but
Challenges Remain
ADB
Water security in Asia and Pacific has progressed overall in the past 5 years, but major challenges remain,
including overexploited groundwater, demand from rising populations, and climate variability, according to a
new report from the Asian Development Bank (ADB).
The new edition of the Asian Water Development Outlook (AWDO 2016) released at World Water Week in
Stockholm provides a snapshot of the water security status of 48 of the region’s countries, using latest data
sets. According to these, the number of countries assessed as water insecure has dropped to 29, compared to
38 (out of 49 countries) identified in the previous issue of the report
in 2013.
The report cites that in Asia and the Pacific, 1.7 billion people lack access
to basic sanitation. Recent estimates suggest that by 2050, 3.4 billion
people could be living in water-stressed areas in Asia and the Pacific
while water demand will increase by 55%.
AWDO 2016 assesses water security in 5 key dimensions—namely
household access, economic viability, urban services, restoring rivers
and ecosystems, and resilience to water-related disasters. Advanced
economies such as Australia, Japan and New Zealand consistently lead
the way, followed by countries in East Asia—led by the People’s Republic
of China (PRC), which has taken the biggest stride to improve water
security since the AWDO 2013 edition.
The report concludes that the relationship between water security and the economy can be a virtuous—or a
vicious—circle. “There is a strong relationship between water management and the economy, and investments
in good water management can be considered as a longer term payback for increased growth and poverty
reduction,” the publication says. “Water-related investments can increase economic productivity and growth, while
economic growth provides the resources to invest in institutions and capital-intensive water infrastructure.”
Click here for more information
”Asia and Pacific remains
the world’s most vulnerable
region to water insecurity
and cannot sustain its recent
economic growth without
addressing this issue,”
Bambang Susantono
ADB Vice-President for Knowledge
Management and Sustainable
Development
8. 8 Multilateral Newsletter
WTO Public Forum discussion puts focus on gender, trade and how to achieve the 2030 Agenda for Sustainable
Development.
How can women be empowered in international trade? That was the big issue tackled at a session during the
World Trade Organization’s Public Forum on 27 September. With reducing gender and economic inequalities
prerequisites for achieving the 2030 Agenda for Sustainable Development, panelists at the gathering touched
upon a range of issues related to women’s role in trade, and in particular on Sustainable Development Goal 5,
empowering all women and girls.
Setting the stage, Susan Barton, trade and gender lead at the UK Department for International Development,
pointed to a report launched last week by the UN Secretary-General’s High-Level Panel on Women’s Economic
Empowerment, which suggested drivers to unleash greater participation of women in the economy.
‘If we are to achieve the Global Goals, we have to achieve women’s economic empowerment,’ Ms. Barton said.
‘Where women are more economically empowered there is more growth, but women’s economic empowerment
does not follow economic growth. There is much work to be done.’
Small and medium-sized enterprises (SMEs) generate approximately 50% of global GDP and 70% of employment.
The benefits of trade to SMEs and women-owned businesses are significant – and so are the benefits to the
broader economy from greater engagement in international trade by SMEs and women. According to research by
McKinsey, the consultancy, advancing women's equality could add $28 trillion to global GDP by 2025 – equivalent
to adding a new United States and China. Currently, however, ITC survey dada suggests that women are only
in charge of one in five exporting companies.
The audience got a chance to hear how women entrepreneurs are empowering themselves and their communities,
but also to learn about the challenges they face. Rose Maghas, Managing Director at GreenBell Communications,
a Kenyan women-led enterprise that won a competition to develop a digital platform for ITC’s SheTrades
initiative, pointed out that whereas the challenges remain the same for her as they were for her mother, today’s
‘interventions’ are more favour of women.
Click here for more information
What role for women in international trade?
ITC
9. 9Multilateral Newsletter
Consumers’ demand for goods that reflect their ethical and environmental priorities has given rise to a growing
array of social and environmental voluntary standards that have in turn reshaped international production and
trade patterns, according to a study issued by the International Trade Centre (ITC) and the European University
Institute (EUI).
Standards play a valuable role in supporting greener and more socially sustainable value chains, says Social and
Environmental Standards – Contributing to More Sustainable Value Chains. The number and geographic coverage
of green labels have risen dramatically in the past decade alone. . Moreover, voluntary standards are not limited
to environmental considerations: those related to working conditions and the protection of basic human rights
play an increasingly important role in international value chains.
In the past, the quest for increased sustainability through voluntary standards was primarily an industrialized
country phenomenon. This trend is now changing. While three-quarters of the voluntary sustainability standards
covered by the ITC Standards Map still originate in countries belonging to the Organisation for Economic
Cooperation and Development (OECD), sustainability standards increasingly originate in emerging economies,
including Brazil, India, Kenya and South Africa. Before 1990, only 8% of such initiatives were based in non-OECD
countries. In contrast, fully 36% of sustainability initiatives launched between 2010 and 2015 were headquartered
in developing countries.
While many of these sustainability standards operate internationally, using them to tap into value chains can often
prove difficult, especially for small and medium-sized enterprises (SMEs) in smaller developing countries.
Social and Environmental Standards sets out a series of recommendations for standard-setters, governments and
businesses aimed at expanding the reach of voluntary sustainability standards to more countries and SMEs.
Click here for more information
Standards play key role in making value chains
more sustainable
Study highlights role of voluntary standards in making global trade
more sustainable
ITC