Source: Times of India What is the news? The Government of India has started taking action against foreign armament majors for failure to fulfill their offsets obligations in defence deals. It has threatened to ban a US company and put another 11 firms on watchlist for imposition of penalties. What are offset obligations? In defence… Continue reading India warns arms cos of action for default in offset commitments
Tag: changes in industrial policy
It makes sense to extract value from underutilized public assets (On Asset monetisation)
Source: Live Mint Relevance: Resource Mobilisation Synopsis: National Monetisation Pipeline (NMP), should be welcomed. Background Read here: National Monetisation Pipeline Project – Explained, pointwise The Rationale behind Asset Monetisation Additional Fiscal resources for states: Public assets like roadside parking slots, municipal grounds and advertising surfaces and parade grounds of police and defence services remain unused… Continue reading It makes sense to extract value from underutilized public assets (On Asset monetisation)
GoI Plus India Inc (On lack of trust b/w govt & businesses)
Source: Times of India Relevance: Industry-Government partnership Synopsis: No nation became prosperous without trust between government and business. A look at some such events that indicate lack of trust. Context In the past few weeks, a series of events have raised the question of trust between government and business. It brought back unhappy memories of… Continue reading GoI Plus India Inc (On lack of trust b/w govt & businesses)
Government introduces a new registration mark for new vehicles “Bharat series (BH-series)” to facilitate seamless transfer of vehicles
Source: This post is based on the article “Government introduces a new registration mark for new vehicles “Bharat series (BH-series)” to facilitate seamless transfer of vehicles” published in PIB on 28th August 2021. What is the News? The Ministry of Road Transport and Highways has introduced a new registration mark for new vehicles called the Bharat… Continue reading Government introduces a new registration mark for new vehicles “Bharat series (BH-series)” to facilitate seamless transfer of vehicles
NITI Aayog caught in e-com cross hairs
Source: Business Standard Contents1 What is the news?2 Background3 What did NITI Aayog say?4 What is the fallback liability clause?5 Why is CAIT criticizing NITI Aayog? What is the news? Confederation of All India Traders (CAIT) has criticized NITI Aayog on its opposition to some of the e-commerce policy rules. In June, the consumer affairs… Continue reading NITI Aayog caught in e-com cross hairs
Duopoly in telcom will hurt both consumers and govt
Source: Business Standard What is the news? The government is reportedly looking at a relief package for the stressed telecom sector while also exploring ways to allow operators to pay their dues linked to adjusted gross revenue (AGR) over 20 years rather than 10 years currently. Must Read: Two is too few – Issues with telecom sector Preventing a… Continue reading Duopoly in telcom will hurt both consumers and govt
Government prepares plan to hive off surplus land of PSUs (On NMP project)
Source: The Hindu, TOI Contents1 What is the news?2 Background3 Why a specialized entity?4 Mandate of the specialized entity What is the news? After unveiling the Rs 6-lakh-crore asset monetization program, the government has accelerated efforts to separate surplus land. The government will soon seek Cabinet approval for setting up a specialized entity (special purpose… Continue reading Government prepares plan to hive off surplus land of PSUs (On NMP project)
India pips US to rank second in list of most attractive manufacturing hub globally; China first
Source: Indian Express Contents1 What is the News?2 About Global Manufacturing Risk Index:3 Key Findings of the Index:4 Reasons for India’s improvement in ranking: What is the News? The Global Manufacturing Risk Index 2021 has been released. About Global Manufacturing Risk Index: Released by: US-based property consultant Cushman & Wakefield Purpose: To assess and rank… Continue reading India pips US to rank second in list of most attractive manufacturing hub globally; China first
Don’t let the new e-commerce rules ruin innovation
Source: Livemint Relevance: Implications of Consumer Protection (E-Commerce) Rules, 2020. Synopsis: Small internet outlets have flourished lately, but may find their operations hampered by compliance burden under the Consumer Protection (E-Commerce) Rules, 2020.. A brief look at some problematic provisions. Background Read here: Draft ecommerce rules – Explained, pointwise Reason behind increase in online businesses… Continue reading Don’t let the new e-commerce rules ruin innovation
Telcos need three more bold decisions
Source: Business Standard Relevance: Resolving issues plaguing the telecom sector in India Synopsis: Undoing the retrospective tax amendment affecting Vodafone Group and Cairn Energy among others was an excellent move, and proves what the government can do. These moves must now be followed by further policy changes. A brief look at some of them. Contents1 Problems… Continue reading Telcos need three more bold decisions
