Source: Livemint and The Hindu What is the News? The government of India has notified the rates and norms for the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme. About RoDTEP Scheme: Launched by: Ministry of Commerce & Industry Which scheme is it replacing? The RoDTEP scheme is replacing the earlier Merchandise and… Continue reading Govt notifies RoDTEP rates, guidelines
Tag: changes in industrial policy
Bad loans: Prevention is better than cure
Source: Business Standard Relevance: Issues related to banking sector in India Synopsis: In managing the bad loan problem, IBC should be the last resort for banks. Context The Standing Committee of Parliament attached to the Ministry of Finance has taken stock of The Insolvency and Bankruptcy Code and made suggestions for improvement. Different models of… Continue reading Bad loans: Prevention is better than cure
DPE brings out 60th annual Public Enterprises Survey 2019-20
Source: PIB What is the News? The Department of Public Enterprises (DPE), Ministry of Finance has released the Annual Public Enterprises Survey 2019-20. Brief history of the Public Enterprises (PE) survey: The Estimates Committee in its 73rd Report (2nd Lok Sabha) in Financial Year 1959-60 recommended that there should be a detailed report highlighting the… Continue reading DPE brings out 60th annual Public Enterprises Survey 2019-20
Indian startups deserve an easier shot at success
Source: Livemint Relevance- Regarding Limited Liability Partnerships (LLPs), their significance and need for further reforms. Synopsis: Recently, the Limited Liability Partnership (Amendment) Bill, 2021, got the approval of Lok Sabha. Need for it and the changes introduced. Background An enactment of law in 2008 allowed the emergence of large joint-stock companies as LLPs, with the… Continue reading Indian startups deserve an easier shot at success
Indian promoters likely to give personal guarantee on foreign assets
Source: Business Standard What is the news? In a major shift from its earlier stance, the Reserve Bank of India (RBI) has proposed allowing Indian promoters to issue personal guarantees for overseas firms in which they have acquired a controlling stake, albeit with limits. At the same time, an Indian company can pledge its foreign shareholding… Continue reading Indian promoters likely to give personal guarantee on foreign assets
Centre mulls changes in draft e-commerce rules
Source: Business Standard What is the news? The Centre is considering changes to the consumer protection rules on e-commerce that may include redrafting related party sales and clarity on flash sales, after consultation with industry and e-commerce players. Why govt is considering changes? Industry associations and companies voiced their concerns regarding various provisions of the… Continue reading Centre mulls changes in draft e-commerce rules
India’s indigenous aircraft carrier setting sail for sea trials is a historic moment
Source: Indian Express, Time of India Synopsis: The onset of sea trials of INS Vikrant marks a historic moment for the Indian Navy, which till now had aircraft carriers, but none built at home. The brand-new INS Vikrant is 75% indigenous and is the first big-ticket example of Atmanirbhar India. Background: August 4, 2021, marked… Continue reading India’s indigenous aircraft carrier setting sail for sea trials is a historic moment
Respect regulations
Source: Business Standard Relevance: Changes to minimum public shareholding norms and consequent impact Synopsis: The government’s move to exempt any public sector listed company from complying with the minimum public shareholding norm is undesirable and inappropriate. Background Exempting select PSUs from minimum free float norm reverses govt stance Issues with the latest move Blocked an… Continue reading Respect regulations
Two is too few
Source: Livemint Relevance: Essentiality of Fair competition in the market Synopsis: The telecom sector in India may soon see a duopoly soon. Since the Vodafone Idea is facing various issues to remain afloat creating circumstances for emergence of Duo Poly (Reliance Jio and Bharti Airtel). Issues with Telecom sector Declining Average Revenue per User (ARPU):… Continue reading Two is too few
Catching up on chip
Source: Business Standard Synopsis: India needs to secure semiconductor chips to lead the race in the emerging ICT technologies Background The global semiconductor industry has become the arena for the most bitter technology battle between the US and China. Taiwanese semiconductor players are caught squarely in the middle. As per few observers, China’s recent aggression… Continue reading Catching up on chip
