The July 2015 edition of the Multilateral Newsletter highlights the importance of India’s engagement in BRICS, the key areas of cooperation and the strategies that can be adopted to deepen the economic and trade relations within the BRICS countries. In addition, the newsletter also covers some of the key happenings and highlights from the reports from the World Bank (WB), Asian Development Bank (ADB) and the World Trade Organization (WTO).
Scientists placed monkeys in a cage with a ladder containing bananas. Any monkey climbing the ladder would cause all monkeys to be sprayed with cold water. Over time, monkeys stopped climbing the ladder and instead beat up any monkey that tried, even if they had never been sprayed themselves. This demonstrated how paradigms and traditions can form and be passed down without understanding the original reasoning.
International baccalaureate biology sl investigation_photosynthesis by felix ...Felix Dyrek
The document describes an experiment to test how different variables affect the rate of photosynthesis in Elodea canadensis (Canadian pond weed). It was hypothesized that samples in tap water would produce more oxygen bubbles than those in distilled water, and that reducing the distance between the light source and plant would increase bubble production. The experiment found that plants in tap water produced more bubbles than in distilled water, and reducing the light distance from 20cm to 10cm nearly doubled bubble production, supporting the hypotheses. The experiment provided evidence that minerals in tap water and light intensity can influence photosynthesis rates.
Public Sector Enterprises (PSEs) are emerging as lead players in the ‘Make in India’ initiative that is targeted at transforming the manufacturing sector of the country.
This edition of PSE Insights elaborates on the role of PSEs in manufacturing, their potential and the opportunities for partnerships arising under Make in India.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
1) Hemispheric transport of air pollution like ozone affects air quality and exceeds thresholds in Europe. 2) Ozone levels have increased from changes in global emissions and climate on both regional and hemispheric scales. 3) The Task Force on Hemispheric Transport of Air Pollution (TF HTAP) is an international group that studies this issue using modeling and aims to better understand causes and impacts.
Scientists placed monkeys in a cage with a ladder containing bananas. Any monkey climbing the ladder would cause all monkeys to be sprayed with cold water. Over time, monkeys stopped climbing the ladder and instead beat up any monkey that tried, even if they had never been sprayed themselves. This demonstrated how paradigms and traditions can form and be passed down without understanding the original reasoning.
International baccalaureate biology sl investigation_photosynthesis by felix ...Felix Dyrek
The document describes an experiment to test how different variables affect the rate of photosynthesis in Elodea canadensis (Canadian pond weed). It was hypothesized that samples in tap water would produce more oxygen bubbles than those in distilled water, and that reducing the distance between the light source and plant would increase bubble production. The experiment found that plants in tap water produced more bubbles than in distilled water, and reducing the light distance from 20cm to 10cm nearly doubled bubble production, supporting the hypotheses. The experiment provided evidence that minerals in tap water and light intensity can influence photosynthesis rates.
Public Sector Enterprises (PSEs) are emerging as lead players in the ‘Make in India’ initiative that is targeted at transforming the manufacturing sector of the country.
This edition of PSE Insights elaborates on the role of PSEs in manufacturing, their potential and the opportunities for partnerships arising under Make in India.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
1) Hemispheric transport of air pollution like ozone affects air quality and exceeds thresholds in Europe. 2) Ozone levels have increased from changes in global emissions and climate on both regional and hemispheric scales. 3) The Task Force on Hemispheric Transport of Air Pollution (TF HTAP) is an international group that studies this issue using modeling and aims to better understand causes and impacts.
This document describes a fundraising campaign called Mission Vishvas that was started by Vishvas Yadav, Program Director of CODOCA MTVCOLA MARKETING ADVERTISING AND OUTSOURCING PRIVATE LIMITED, to provide funds for 500 NGOs, orphanages, charitable trusts, and cancer care organizations. The company plans to donate 50% of profits from selling research papers/white papers to these organizations after tax deductions. Contact information is provided for organizations to send their bank details to receive funds. The campaign aims to help create a poverty-free and employment-generating India.
The document is a design blueprint for a new or upgraded system. It outlines the system architecture, domains, components, functions, tasks, data structures, and user interfaces. The blueprint describes the overall system architecture and provides diagrams depicting the system domains and navigation hierarchy. It also documents the data design, user interface design for various user functions, and any other interfaces.
Slides from the Indianapolis Implant Restorative Study Club (IRSC) on August 29, 2013 by Christine Bishop, DDS, MSD and Savi Abey, DDS, MSD featuring common problems associated with implant therapy in both fixed and removable prosthodontics.
ENGIM is a young and dynamic company born in 2006 for the will of two young entrepreneurs from Modena.
ENGIM has developed several projects for Nexmagroup, from the quality system's management to VOIP distibuted infrastructures.
The company has a highly-qualified staff with great experience in problem solving for SME, expecially in the production and management field.
In the current issue of Economy Matters, we analyse the growth trends emanating out of China, Japan and US, in the section on Global Trends. In Domestic Trends, data trends in IIP, inflation and trade are analysed. The Sectoral Spotlight for this issue is on ‘Employment Potential of the Road Transport Sector’. In Focus of the Month, we evaluate the three recently released reports by DIPP, World Bank and World Economic Forum on State of Competitiveness in India.
The document provides guidelines for creating a project plan, also known as a work breakdown structure (WBS). It recommends beginning with high-level work components and then breaking them down into specific, measurable tasks that can be estimated, scheduled, and tracked. Key steps include involving project team members and experts, identifying deliverables, estimating task durations, and ensuring work is broken down to the desired level of detail. The goal is to develop a project plan that clearly defines the work needed to complete the project.
DomainSkate discussed the 1200+ new domains joining the Internet in 2014, and how you can protect your brand and URL. We also provided our code, DOMSK8, for an extra free month of service.
The project objective was to choose a target market and devise a communication strategy in order to recruit new customers and foster brand loyalty. We proposed a new marketing campaign that leverages taglines and marketing copy directed at non-users, designed to help them overcome purchase barriers we identified through primary research.
The document discusses improving India's investment climate and ease of doing business. It summarizes a report by CII and KPMG that identifies challenges in key areas like starting a business, land acquisition, taxation, and contract enforcement. The report recommends best practices from some states and suggests reforms like simplifying processes, using technology, and establishing a single window system to boost investment, generate jobs, and improve India's ranking in the World Bank's Doing Business report. Improving the investment climate could help add 15 million jobs annually according to CII.
The major South Asian economies of Sri Lanka, Bangladesh, Pakistan and Nepal are facing economic challenges due to both global and domestic factors. Sri Lanka's GDP growth slowed to 6% in Q1 2013 from 8% a year ago due to weak agriculture and services sectors. Bangladesh is emerging as a manufacturing hub due to low labor costs. Pakistan is facing a worsening fiscal deficit and high security costs. Nepal is experiencing low growth and high inflation. Going forward, growth in these economies will depend on advanced economy recoveries and domestic resilience.
The document discusses how analytical hiring tools can help companies hire the best talent with limited resources, as popularized by Michael Lewis's book Moneyball. It provides examples of how Asurea Insurance Services and Aspen Dental have used data-driven tools to more effectively screen candidates and improve hiring. The need for such tools is high, as many organizations struggle to hire the right talent despite the current unemployment rate. These tools aim to predict which candidates will become high performers once hired in order to give companies a competitive advantage.
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).
The document discusses empowering micro, small and medium enterprises (MSMEs) in India. It outlines some key policies and initiatives that have impacted MSMEs recently, both positively and negatively. These include banning letter of undertakings to check banking irregularities, addressing issues from demonetization, and the impacts of implementing the Goods and Services Tax (GST). Overall, the MSME sector contributes significantly to the Indian economy but still faces challenges around access to finance, regulations and compliance that need to be addressed for it to reach its full potential.
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 has been implemented in India for one year. A survey found that most respondents believe GST was the right decision and are satisfied with its overall implementation. Specifically:
- 83% believe GST was the right step. Nearly two-thirds are satisfied with the overall implementation.
- GST has had a positive impact on employment and demand for goods and services.
- Respondents were satisfied with many aspects of GST like registration, invoices, record keeping. However, some were less satisfied with penalties, interest rates and certain refund processes.
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.
This document describes a fundraising campaign called Mission Vishvas that was started by Vishvas Yadav, Program Director of CODOCA MTVCOLA MARKETING ADVERTISING AND OUTSOURCING PRIVATE LIMITED, to provide funds for 500 NGOs, orphanages, charitable trusts, and cancer care organizations. The company plans to donate 50% of profits from selling research papers/white papers to these organizations after tax deductions. Contact information is provided for organizations to send their bank details to receive funds. The campaign aims to help create a poverty-free and employment-generating India.
The document is a design blueprint for a new or upgraded system. It outlines the system architecture, domains, components, functions, tasks, data structures, and user interfaces. The blueprint describes the overall system architecture and provides diagrams depicting the system domains and navigation hierarchy. It also documents the data design, user interface design for various user functions, and any other interfaces.
Slides from the Indianapolis Implant Restorative Study Club (IRSC) on August 29, 2013 by Christine Bishop, DDS, MSD and Savi Abey, DDS, MSD featuring common problems associated with implant therapy in both fixed and removable prosthodontics.
ENGIM is a young and dynamic company born in 2006 for the will of two young entrepreneurs from Modena.
ENGIM has developed several projects for Nexmagroup, from the quality system's management to VOIP distibuted infrastructures.
The company has a highly-qualified staff with great experience in problem solving for SME, expecially in the production and management field.
In the current issue of Economy Matters, we analyse the growth trends emanating out of China, Japan and US, in the section on Global Trends. In Domestic Trends, data trends in IIP, inflation and trade are analysed. The Sectoral Spotlight for this issue is on ‘Employment Potential of the Road Transport Sector’. In Focus of the Month, we evaluate the three recently released reports by DIPP, World Bank and World Economic Forum on State of Competitiveness in India.
The document provides guidelines for creating a project plan, also known as a work breakdown structure (WBS). It recommends beginning with high-level work components and then breaking them down into specific, measurable tasks that can be estimated, scheduled, and tracked. Key steps include involving project team members and experts, identifying deliverables, estimating task durations, and ensuring work is broken down to the desired level of detail. The goal is to develop a project plan that clearly defines the work needed to complete the project.
DomainSkate discussed the 1200+ new domains joining the Internet in 2014, and how you can protect your brand and URL. We also provided our code, DOMSK8, for an extra free month of service.
The project objective was to choose a target market and devise a communication strategy in order to recruit new customers and foster brand loyalty. We proposed a new marketing campaign that leverages taglines and marketing copy directed at non-users, designed to help them overcome purchase barriers we identified through primary research.
The document discusses improving India's investment climate and ease of doing business. It summarizes a report by CII and KPMG that identifies challenges in key areas like starting a business, land acquisition, taxation, and contract enforcement. The report recommends best practices from some states and suggests reforms like simplifying processes, using technology, and establishing a single window system to boost investment, generate jobs, and improve India's ranking in the World Bank's Doing Business report. Improving the investment climate could help add 15 million jobs annually according to CII.
The major South Asian economies of Sri Lanka, Bangladesh, Pakistan and Nepal are facing economic challenges due to both global and domestic factors. Sri Lanka's GDP growth slowed to 6% in Q1 2013 from 8% a year ago due to weak agriculture and services sectors. Bangladesh is emerging as a manufacturing hub due to low labor costs. Pakistan is facing a worsening fiscal deficit and high security costs. Nepal is experiencing low growth and high inflation. Going forward, growth in these economies will depend on advanced economy recoveries and domestic resilience.
The document discusses how analytical hiring tools can help companies hire the best talent with limited resources, as popularized by Michael Lewis's book Moneyball. It provides examples of how Asurea Insurance Services and Aspen Dental have used data-driven tools to more effectively screen candidates and improve hiring. The need for such tools is high, as many organizations struggle to hire the right talent despite the current unemployment rate. These tools aim to predict which candidates will become high performers once hired in order to give companies a competitive advantage.
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).
The document discusses empowering micro, small and medium enterprises (MSMEs) in India. It outlines some key policies and initiatives that have impacted MSMEs recently, both positively and negatively. These include banning letter of undertakings to check banking irregularities, addressing issues from demonetization, and the impacts of implementing the Goods and Services Tax (GST). Overall, the MSME sector contributes significantly to the Indian economy but still faces challenges around access to finance, regulations and compliance that need to be addressed for it to reach its full potential.
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 has been implemented in India for one year. A survey found that most respondents believe GST was the right decision and are satisfied with its overall implementation. Specifically:
- 83% believe GST was the right step. Nearly two-thirds are satisfied with the overall implementation.
- GST has had a positive impact on employment and demand for goods and services.
- Respondents were satisfied with many aspects of GST like registration, invoices, record keeping. However, some were less satisfied with penalties, interest rates and certain refund processes.
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.
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.
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.
The document discusses India's progress and potential in innovation and adoption of new technologies. It makes the following key points:
1) While India has the human capital and resources to leverage new technologies like AI, machine learning, and IoT, its spending on R&D as a percentage of GDP is still low compared to other countries. The industry sector in particular needs to increase its investment in technology and innovation.
2) CII has been promoting technology adoption in Indian industry through various programs and platforms. It is also partnering with the government on initiatives to facilitate industry-academia collaboration and international joint R&D projects.
3) For India to fully capitalize on new technologies, both industry and start
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.
The document recommends actions to reform public transport and shared mobility in Delhi to reduce air pollution. It finds that private vehicles have significantly increased while public transport options like buses have declined. It recommends identifying gaps in public transport accessibility, increasing bus fleets by involving private players through liberalized permit systems, leveraging existing cluster bus models, and liberalizing taxi permits for aggregators. Coordinated action is needed between central and state governments to ensure bus aggregators and state transport undertakings coexist synergistically. Expanding public transport options can help shift travelers from private vehicles to more sustainable modes.
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.
Confirmation of Payee (CoP) is a vital security measure adopted by financial institutions and payment service providers. Its core purpose is to confirm that the recipient’s name matches the information provided by the sender during a banking transaction, ensuring that funds are transferred to the correct payment account.
Confirmation of Payee was built to tackle the increasing numbers of APP Fraud and in the landscape of UK banking, the spectre of APP fraud looms large. In 2022, over £1.2 billion was stolen by fraudsters through authorised and unauthorised fraud, equivalent to more than £2,300 every minute. This statistic emphasises the urgent need for robust security measures like CoP. While over £1.2 billion was stolen through fraud in 2022, there was an eight per cent reduction compared to 2021 which highlights the positive outcomes obtained from the implementation of Confirmation of Payee. The number of fraud cases across the UK also decreased by four per cent to nearly three million cases during the same period; latest statistics from UK Finance.
In essence, Confirmation of Payee plays a pivotal role in digital banking, guaranteeing the flawless execution of banking transactions. It stands as a guardian against fraud and misallocation, demonstrating the commitment of financial institutions to safeguard their clients’ assets. The next time you engage in a banking transaction, remember the invaluable role of CoP in ensuring the security of your financial interests.
For more details, you can visit https://technoxander.com.
Madhya Pradesh, the "Heart of India," boasts a rich tapestry of culture and heritage, from ancient dynasties to modern developments. Explore its land records, historical landmarks, and vibrant traditions. From agricultural expanses to urban growth, Madhya Pradesh offers a unique blend of the ancient and modern.
Mutual Fund Taxation – How Mutual Funds Are Taxeddhvikdiva
Divadhvik explains Mutual Fund Taxation clearly: Equity funds held over a year are taxed at 10% for gains over ₹1 lakh, while short-term gains are taxed at 15%. Debt funds held over three years are taxed at 20% post-indexation. Short-term gains are taxed as per your income slab.
Every business, big or small, deals with outgoing payments. Whether it’s to suppliers for inventory, to employees for salaries, or to vendors for services rendered, keeping track of these expenses is crucial. This is where payment vouchers come in – the unsung heroes of the accounting world.
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksAny kyc Account
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1. 1Multilateral Newsletter
this IssueInside
Focus Story
BRICS and Beyond...............................................................2
WORLD BANK
World Bank Approves $650 Million for the Eastern
Dedicated Freight Corridor Project, India.................................4
Government of India and World Bank Sign $250 Million
Project for Disaster Recovery in Andhra Pradesh..................4
July 2015, Volume 3, Issue 6
Message from Mr Chandrajit Banerjee, Director General, CII
BRICS countries are an important trading partners of India. India’s export to China, Brazil,
Russia and South Africa has reached approximately upto US$28.5 billion while imports
from these close to US$ 28.5 billion in 2014. During 2003-2015, Indian Companies have
also invested US$23.32 billion in other BRICS countries which has created about 74,723
employment opportunities in the recipient economies. Brazil, Russia, China and South Africa
together have also invested around $22.12 billion and created 79,156 jobs in India.
BRICS today represents much more than merely an investment narrative, this group now has significant
political and economic dimension. The BRICS initiative aims to strengthen South-South engagement, provide
unique avenue to advance the regional and global strategic interests and offer new investment vehicles to
the member countries. There lies a need to explore new areas towards a comprehensive cooperation and a
closer economic partnership to facilitate market inter-linkages, financial integration, infrastructure connectivity
as well as people-to-people connectivity.
The focus story of this edition provides an insight towards the opportunities and the challenges that exist
within the BRICS economies. In addition, it also covers some of the key happenings at the World Bank (WB),
Asian Development Bank (ADB) and the World Trade Organization (WTO).
Chandrajit Banerjee
Multilateral
ADB
ADB Trims Growth Forecasts for Asia on Slower US,
PRC Economies�������������������������������������������������������������������������5
WTO
Slight deceleration in trade restrictive steps in G-20: WTO������9
NEWSLETTER
2. 2 Multilateral Newsletter
More than a decade after the acronym BRICS was coined by Goldman Sachs to represent Brazil, Russia, India,
China, and South Africa, BRICS - today signifies the collective economic power of the world’s leading emerging
market economies. Today, BRICS accounts for more than a quarter of the world’s land mass, 41% of the world’s
population, and a combined GDP of nearly US$ 16 trillion in nominal terms and US$ 37.4 trillion (in PPP terms).
The common feature that binds these countries is their large fast growing economies.
India attaches importance to its engagement with BRICS. Apart from the Prime Ministers, India has participated
in all the BRICS Meetings of Foreign Ministers, Finance Ministers, Agriculture Ministers, Trade Ministers, Health
Minsters, High Representatives on Security, Business Forum, etc.
BRICS countries are now important trading partners of India. India’s export to China, Brazil, Russia and South
Africa has reached US$28.5 billion in 2014 while India’s import from them was close to US$74 billion. The main
products of Indian exports to BRICS include Mineral fuels, oils, distillation products, Cotton, Copper and articles
Organic chemicals, Vehicles other than railway, tramway, Machinery, nuclear reactors, boilers, Pharmaceutical
products, Ores, slag and ash, Salt, Sulphur, earth, stone, plaster, lime and cement and many more.
During 2003 – 2015, Indian companies have invested US$23.32 billion in other BRICS countries which has created
about 74,723 jobs in the recipient economies. Brazil, Russia, China and South Africa together have also invested
about $22.12 billion and created 79,156 jobs in India. The $100 billion New Development Bank is a major
milestone much as with Mr K V Kamath, the veteran Indian banker, becoming the first President. Investment
flow into India would increase with the coming advent of the BRICS bank.
The infrastructure financing deficit in developing countries is estimated to be $1 trillion annually. For India and
South Africa, the BRICS Bank promises to be a welcome source of much-needed infrastructure financing. Countries
will be more benefited by the BRICS bank as they would have access to funding at more favourable terms.
The leaders from BRICS countries met on 9 July 2015 in Ufa, Russia at the Seventh BRICS Summit themed
‘BRICS-Partnership- a Powerful Factor for Global Development’ with an aim to strengthen BRICS solidarity and
cooperation, and further enhance partnership on basis of principles of openness, solidarity, equality and mutual
understanding, inclusiveness and mutual beneficial cooperation. The Ufa Summit marked the onset of BRICS
financial institutions: the New Development Bank (NDB) and the Contingent Reserves Arrangement (CRA).
The global recovery continues, although growth remains fragile, with considerable divergence across countries and
regions. In this context, emerging markets and developing countries continue to be the major drivers of global
growth. Structural reforms, domestic adjustments and promotion of innovation are important for sustainable
growth and provide a strong and sustainable growth and provide a strong and sustainable contribution to the
world economy. Development and security are closely interlinked, mutually reinforcing and key to attaining
sustainable peace. Establishment of sustainable peace requires a comprehensive, concerted and determined
approach based on mutual trust, benefit, equity and cooperation.
Sound macroeconomic policies, efficiently regulated financial markets and robust levels of reserves have allowed
the BRICS economies to deal better with the risks and effects presented by the challenging global economic
conditions in last few years.
Focus Story
BRICS and Beyond
3. 3Multilateral Newsletter
Peaceful coexistence of nations is impossible without universal, scrupulous and consistent application of the
generally recognized principles and rules of international law. International Law provides tools for achieving
international justice based on principles of good faith and equality.
In addition to fundamentally altering the global economic governance order, the economies today present a
spectrum of opportunities for collaboration. CII feels that the BRICS countries should deepen their economic and
trade relations. Greater cooperation with each other will help them to reinforce their position in world affairs.
These some of the key areas where the BRICS countries could work together include:
Manufacturing: Especially in the light of the “Make in India” initiative. Companies from China, Russia, Brazil•
and South Africa may like to take advantage of the liberalized FDI norms in the defence, automobile and
other sectors and step up their presence in India.
Technology Transfer: ICT are emerging as an important medium to bridge the gap between developed and•
developing countries. Technology sharing amidst the BRICS nations can be a lucrative investment for long term
development of the economies. India may offer its capacities in technology transfers in – ICT, Healthcare
pharmaceuticals, Power, Infrastructure, and HRD training. To empower and Inclusion of ICT related issues
in the post 2015 development agenda
Energy and Green Economy: The BRICS economies can work together on promotion of new technology in•
the energy sector. Clean coal technologies, coal liquefaction, know-how on alternative sources of energy,
technologies including inexpensive photo-voltaic chips and application of deep-sea technology popularization
are a few to name. The countries can collaborate closely on energy security, emissions, efficiency, and
renewable energy as well as on global discussions on mitigating climate change.
Financial services: As the financial markets in BRICS are at different stages of development, there is considerable•
scope for the BRICS to learn from each other by exchanging experts and country experiences. There is also
a need to align the licensing processes to facilitate investment in the banking sector.
Food Processing: These five countries collectively have a huge potential for addressing food security concerns•
around the globe. Governments, agri-businesses and farmer associations can collaborate to enhance the
sustainability and safety in farming practices. In addition, there is potential to exchange technology in
precision seeding, precision fertilizer, farm mechanization and installation of cold chains.
Smart Cities: With the Government of India launching its flagship “Smart Cities” project, cooperation from•
BRICS countries would be valuable in areas such as urban planning, waste management, water management
and cycling infrastructure.
The challenges faced by the BRICS economies are similar to the problems faced by emerging markets and
developing countries. Hence, it is important to strengthen the coordination and cooperation among BRICS
agencies. There lies a need for comprehensive, transparent and efficient multilateral approaches to address
global challenges. The peaceful coexistence of nations is impossible without universal, scrupulous and consistent
application of the generally recognized principles and rules of international law.
Focus Story
4. 4 Multilateral Newsletter
The World Bank Board approved $650 million towards the third loan for
the Eastern Dedicated Freight Corridor (a freight-only rail line) that will
help faster and more efficient movement of raw materials and finished
goods between the northern and eastern parts of India.
The Eastern Corridor is 1,840 km long and extends from Ludhiana to
Kolkata. The World Bank is supporting the Eastern Dedicated Freight
Corridor (EDFC) as a series of projects in which the three sections with
a total route length of 1,146 km will be delivered sequentially, but with
considerable overlap in their construction schedules.
The EDFC is part of India’s first Dedicated Freight Corridor (DFC) initiative
– being built on two main routes – the Western and the Eastern Corridors.
These corridors will help India make a quantum leap in increasing the
railways’ transportation capacity by building high-capacity, higher-speed
dedicated freight corridors along the Golden Quadrilateral. Currently, the
rail routes that form a Golden Quadrilateral connecting Delhi, Mumbai,
Chennai and Kolkata, account for 16 percent of the railway network’s route
length, but carry more than 60 percent of India’s total rail freight.
Click here for more information
The Government of India, the Government of Andhra Pradesh and the World Bank signed a $250 million credit
agreement for the Andhra Pradesh Disaster Recovery Project to restore, improve and enhance the resilience of
public services and livelihoods of communities affected by cyclone Hudhud in Andhra Pradesh. The Project will
also increase the capacity of the state to respond promptly and effectively to an emergency.
The project will specifically benefit over 13 million people in the four severely affected districts of Srikakulam,
Vizianagaram, Visakhapatnam and East Godavari.
Andhra Pradesh is one of the most natural hazard prone states in India because of its long coastline and
geographical location. About 44 percent of the state is vulnerable to tropical storms and related hazards. Out
of the total coastal length of about 974 km, about 440 km faces coastal erosion.
Click here for more information
World Bank Approves $650 Million for the
Eastern Dedicated Freight Corridor Project, India
Government of India and World Bank Sign
$250 Million Project for Disaster Recovery in
Andhra Pradesh
WORLD BANK
“Implementing the Dedicated
Freight Corridor program will
provide India the opportunity
to create one of the world’s
largest freight operations.
The corridor, which will
pass through states like
Uttar Pradesh and Bihar,
will benefit from the new
rail infrastructure, bringing
jobs and much-needed
development to some of
India’s poorest regions”
Onno Ruhl
World Bank Country Director in
India
5. 5Multilateral Newsletter
ADB
The Asian Development Bank (ADB) has cut its 2015 growth forecast
for Developing Asia to 6.1% from 6.3%, amidst slower-than-expected
economic activity in the United States (US) and the People’s Republic
of China (PRC), according to a new report.
In a supplement to its Asian Development Outlook (ADO) 2015 published
last March, ADB also projected 2016 gross domestic product (GDP) growth
for the region to come in at 6.2%, down from 6.3% forecast previously.
ADO is ADB’s flagship annual economic publication.
Ongoing softness in the major industrialized economies (US, Japan, Euro
Area) will see a slowdown in East Asia as a whole, with growth now at
6.2% in 2015, down from 6.5% forecast earlier.
After a slow first half, full-year 2015 growth in the PRC is now estimated at 7.0%, down from 7.2% previously, and
will ease further to 6.8% next year. Consumption growth in the country remains robust but investment growth
has continued to decelerate. The financial sector is also expected to contribute less to growth after the recent
stock market correction, although the drop in stock prices is unlikely to have much impact on consumption,
the report said.
In India, growth forecasts remain unchanged at 7.8% in fiscal year (FY)2015 and 8.2% in FY2016, supported by
a healthy monsoon and new investments. South Asia as a whole is now expected to grow 7.3% in 2015, up
slightly from 7.2% seen earlier, with a better-than-expected economic performance in Bangladesh balancing the
earthquake-related slowdown in Nepal. In 2016, growth for the subregion is expected to expand to 7.6%.
Click here for more information
ADB Trims Growth Forecasts for Asia on Slower
US, PRC Economies
Slower growth in the PRC is
likely to have a noticeable
effect on the rest of Asia
given its size and its close
links with other countries in
the region through regional
and global value chains
Shang-Jin Wei
ADB Chief Economist