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<title>The Bizz Stories &#45; : Economy</title>
<link>https://www.thebizzstories.com/rss/category/economy</link>
<description>The Bizz Stories &#45; : Economy</description>
<dc:language>en</dc:language>
<dc:rights>©2026 The Bizz Stories | All right reserved.</dc:rights>

<item>
<title>VisaBud Launches: Simplifying the Complexities of Visa Applications</title>
<link>https://www.thebizzstories.com/visabud-launches-simplifying-the-complexities-of-visa-applications</link>
<guid>https://www.thebizzstories.com/visabud-launches-simplifying-the-complexities-of-visa-applications</guid>
<description><![CDATA[ Gone are the days of navigating mountains of paperwork, deciphering intricate requirements, and enduring endless waiting times. ]]></description>
<enclosure url="https://www.thebizzstories.com/uploads/images/202401/image_870x580_6599cd6d633ad.jpg" length="32955" type="image/jpeg"/>
<pubDate>Sun, 07 Jan 2024 03:30:40 +0530</pubDate>
<dc:creator>Dinesh Kumar</dc:creator>
<media:keywords>VisaBud, Simplifying the Complexities, Visa Applications</media:keywords>
</item>

<item>
<title>Foreign Exchange Industry Calls for Clarity on Proposed 20 percent TCS: Seeks Parity with Debit and Credit Cards</title>
<link>https://www.thebizzstories.com/foreign-exchange-industry-calls-for-clarity-on-proposed-20-percent-tcs-seeks-parity-with-debit-and-credit-cards</link>
<guid>https://www.thebizzstories.com/foreign-exchange-industry-calls-for-clarity-on-proposed-20-percent-tcs-seeks-parity-with-debit-and-credit-cards</guid>
<description><![CDATA[ 
	The foreign exchange Industry has expressed serious concerns about the applicability of 20% Tax Collection at Source (TCS) under the Liberalized Remittance Scheme (LRS) effective from July 1, 2023. On 19th May, 2023, Ministry of Finance clarified that transactions conducted overseas using debit and credit cards would be exempted from TCS up to a small value of Rs. 7 lacs per financial year. However, there was no specific clarification provided regarding small value transactions involving Foreign Currency Cash, Wire Transfers through Banks, Prepaid Forex Cards, and other International payment options widely used by individuals during overseas trips for leisure or employment. The All India Association of Authorized Money Changers &amp; Money Transfer Agents have submitted a representation to the finance ministry regarding the aforementioned concerns.


	 


	Bhaskar Rao P, General Secretary of The All India Association of Authorised Money Changers &amp; Money Transfer Agents, said, &quot;The money exchange industry expects the government to ensure a level playing field for all overseas transactions with small values of Rs. 7 lakhs, regardless of the instrument used. Common people utilize foreign currency cash (up to the maximum of USD 3000), prepaid Forex Travel Cards, and wire transfers, while the upper class uses international debit and credit cards.&quot;
	 


	According to the immigration data published by DGCA, more than 60 percent of overseas travelers are first time flyers. These people are from the economically weaker section from the bottom of the pyramid who are less educated, who do not hold debit or credit cards and hence deserve parity with the debit and credit card holders. The notification will directly impact individuals travelling abroad for employment especially the labour/working class, who generally belong to the low-income group and are ineligible for credit cards. These travelers generally procure foreign exchange in the form of cash or prepaid card from money exchange outlets operating at international airports or city outlets. The imposition of 20% TCS will have a major impact on them as they do not fall under the income tax bracket.


	 


	With the relaxation given for Credit and Debit cards, the upper middle class &amp; rich customers will be able to avoid paying TCS up to Rs. 7 lacs per credit card/ debit card in their possession. At the same time lower middle-class customers, housewives, and senior citizens who avail foreign exchange by paying from their account will be subject to a 20% TCS. This will prove extremely detrimental to these customers, who may have no requirement to file taxes and this will significantly compromise the business viability of licensed Money changers in India. The industry expects the Ministry/Government to provide further clarification that the exemption of TCS up to Rs. 7 lacs per annum also applies to cash forex purchases, wire transfers, and prepaid forex cards.
   ]]></description>
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<pubDate>Fri, 26 May 2023 14:35:44 +0530</pubDate>
<dc:creator>NewsVoir</dc:creator>
<media:keywords>Foreign, Exchange, Industry, Calls, for, Clarity, Proposed, percent, TCS:, Seeks, Parity, with, Debit, and, Credit, Cards</media:keywords>
</item>

<item>
<title>Digital Money 2023: Experts Explore Synergies to Advance India&amp;apos;s Digital Payments Ecosystem</title>
<link>https://www.thebizzstories.com/digital-money-2023-experts-explore-synergies-to-advance-indias-digital-payments-ecosystem</link>
<guid>https://www.thebizzstories.com/digital-money-2023-experts-explore-synergies-to-advance-indias-digital-payments-ecosystem</guid>
<description><![CDATA[ 
	The 15th edition of Digital Money 2023, organized by the Payments Council of India (PCI), concluded on a high note, with discussions around the landscape of digital payments in the country. The flagship conference brought together industry stalwarts to discuss and deliberate on Indias digital payments growth story and its impact across various sectors.
	 


	With the theme of this years conference being &quot;From Innovation to Synergies&quot;, Vishwas Patel, Chairman, Payments Council of India, hailed the initiatives taken by both the public and private sectors and called the Digital Money conference a pivotal platform for shaping the industrys future. &quot;Digital payments are driving fintech growth in India, supported by accessibility and population trends. While cash and digital payments are growing, focus on acceptance and revenue mechanisms is crucial. UPI has seen growth with the installation of over 26 crore QR codes in kirana stores. On the other hand, over 96 crore debit cards are in circulation, with 4.5 million terminals supporting 25 crore SMEs. We feel the government&#039;s support through Information, Innovation, and Taxation (IIT) has been crucial for the growth,&quot; he said.
	 


	Christophe Mariette, Commercial Director and Chairman, Lyra Network India said, &quot;Fintech is booming in India due to the countrys robust digital infrastructure. UPI, for instance, processed a record 8 billion transactions in a month. Digital payments are crucial for cost-effective cross-border transactions, but require robust compliance and security measures. Only end-to-end solution providers can address these needs efficiently. At Lyra, we are very bold to bring UPI inference and we will demonstrate UPI for Indians during the visit of Prime Minister Narendra Modi Ji on Liberation Day. On the other hand, Central Bank Digital Currency (CBDC) has the potential to transform the ecosystem as it offers regulatory benefits. Once regulated, CBDCs like e-rupee will provide benefits of digital payments with blockchain-backed regulatory compliance.&quot;
	 


	Noopur Chaturvedi, CEO, NPCI Bharat Billpay Ltd., praised the regulators for their support. &quot;I am confident that we will continue to accelerate our growth over the next five years, with ecosystem partners possibly needing to invest in the platform. The regulators have provided exceptional support, with the RBI Governors announcement in the December monetary policy expanding the scope of BBPS beyond directory bill payments. We have exciting plans in the pipeline for this area, and the same settlement concept is also suitable for ONDC. Additionally, the challenge of matching buyers and suppliers is an ongoing problem that requires constant solutions,&quot; she pointed out.
	 


	&quot;Right from the very early days at Razorpay, we have partnered with various folks especially banks, networks, regulated entities as well as the partners from the merchant side. As the ecosystem grows, partnership is going to act as an important parameter to scale,&quot; said Khilan Haria, Sr. Vice President &amp; Head of Payments Product, Razorpay.
	 


	At a session focused on the practical implications of Central Bank Digital Currencies (CBDCs), Naveen Surya, Chairman of the Fintech Convergence Council (FCC), shared his perspective. Speaking about the &quot;Theory and Reality of CBDC Implementation,&quot; He highlighted the critical role of collaboration between various stakeholders, including the government, the private sector, and consumers, in successfully implementing CBDCs. &quot;The way we talk about innovation and what has happened with UPI, if we look at the next innovation from our country, it will be CBDC in the next five to seven years. The way India is a leader in fast payments, it wont be too long that India leaves behind China as well in CBDC,&quot; he said.
	 


	Digital Money 2023 showcased how innovation had scaled financial inclusion, making payments more convenient and secure. Attendees gained valuable insights and opportunities for collaboration. The Payments Council of India reaffirmed its commitment to building a more innovative, collaborative, and prosperous future for digital payments.


	 


	The premier conference brought together more than 50 speakers, including visionary founders, and stalwarts from the payments industry with over 750 delegates participating in the event.
	 


	More information on the conference may be obtained from the website: Digital Money 2023
	 


	About Payments Council of India (PCI) 


	The Payments Council of India (PCI) was formed in 2013 catering to the needs of the digital payment industry. The Council was formed inter-alia for the purposes of representing the various regulated non-banking payment industry players, to address and help resolve various industry-level issues and barriers which require discussion and action. The council works with all its members to promote payments industry growth and to support our national goals of &#039;less cash society&#039; and ]]></description>
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<pubDate>Tue, 09 May 2023 18:07:58 +0530</pubDate>
<dc:creator>NewsVoir</dc:creator>
<media:keywords>Digital, Money, 2023:, Experts, Explore, Synergies, Advance, Indias, Digital, Payments, Ecosystem</media:keywords>
</item>

<item>
<title>12th Annual Kaizen Congress India 2023 Empowers Indian Business to Thrive in Dynamic Environment</title>
<link>https://www.thebizzstories.com/12th-annual-kaizen-congress-india-2023-empowers-indian-business-to-thrive-in-dynamic-environment</link>
<guid>https://www.thebizzstories.com/12th-annual-kaizen-congress-india-2023-empowers-indian-business-to-thrive-in-dynamic-environment</guid>
<description><![CDATA[ 
	In 2022-23, Indian industries are showing growth despite significant headwinds, including macroeconomic uncertainty. Indian companies have recorded a significant increase in revenue and are now higher than pre-pandemic levels, driven by sustained volume increase, policy support, and increased consumed expenditure. However, in a few sectors including India&#039;s IT industry, the growth momentum is expected to slow down in the near to midterm due to macroeconomic factors including lower discretionary IT spends. Subsequently, it is expected that the sector will reduce hiring because of adding excess capacity in the previous fiscal year.
	 


	
		
			
				
		
	



	Mr. Vinod Grover, Managing Director, South Asia and Africa and Mr. Jayant Murthy, Joint Managing Director, South Asia and Africa along with the participants during Kaizen Congress India 2023


	 


	As a result of this, other sectors also face a looming threat of underperformance in the months to come. A key determinant in any economic cycle of ups and downs is whether or not an organization has been able to maximize its operational efficiency. Research has suggested that for a company that the way we organize work can influence productivity more than individual effort can. There is however a second part to this, a way for companies across sectors to sustain themselves, is through a focus on resilience alongside efficiency.
	 


	Resilience is defined as a company&#039;s ability to recover effectively from periods of economic downturns. Efficiency allows us to thrive in an existing business environment, and resilience coupled with efficiency allows us to thrive through a dynamic and constantly changing business environment.
	 


	The 12th Annual Kaizen Congress India 2023, a two-day event organized by Kaizen Institute at the Sheraton Grand Bund Garden Hotel in Pune brought this in focus. The event centered itself towards promoting continuous improvement and efficiency in the workplace as it brought together some of the most renowned industry experts, business leaders and professionals from various sectors to share their insights, strategies, and experiences on how to deliver resilience and efficiency through lean management methods in their respective organizations. The event was attended by over 200 participants from sectors including FMCG, retail, auto, manufacturing, and healthcare.
	 


	The Congress kicked off with an opening keynote address by Mr. Vinod Grover, MD - South Asia and Africa, Kaizen Institute, who emphasized the importance of a platform such as Kaizen Congress India 2023. He said that, &quot;A platform dedicated to continuous improvement and organizational efficiency is key to unlocking India&#039;s business and growth potential to realize our collective vision for a prosperous and thriving economy by 2047.&quot;
	 


	Throughout the two-day event, attendees had the opportunity to participate in various interactive sessions, panel discussions, and workshops led by experts from different industries, including manufacturing, healthcare, and services. Some of the keynote speakers included Dr. N. Ravichandran, Chief Mentor - UCAL Fuel Systems, Mr. Periakaruppa Nadar Kaniappan, Managing Director - ZF Commercial Vehicle Control Systems India and Mr.Lakshminarayan Ganesh, Chairman&amp; Managing Director-Rane Holdings Ltd. The congress also witnessed high impact session from Mr. Manoranjan Pani - Chief General Manager - Anand Milk Union Limited (AMUL).


	 


	Speaking during the conference, Mr. Jayant Murthy, Joint Managing Director - South Asia and Africa, Kaizen Institute said that, &quot;A critical part of business success is not simply through maximizing efficiency across divisions, but it is through allowing yourself to be challenged in a constantly changing environment, and subsequently building total system resilience and adaptability to continue performing on top.&quot;
	 


	The overall event emphasized strategic planning and techniques to bridge the gap between strategy formulation and execution. Experts from Kaizen Institute highlighted methodologies to help participants align their strategy vertically from top to bottom, ensuring that everyone is aligned with the companys goals and objectives. Kaizen methodologies can be adopted in different sectors including manufacturing, pharmaceuticals, aviation, FMCG among many others. Participants also had the chance to network with peers and experts from their respective industries.
	 


	The Kaizen Congress India 2023 was organized by Kaizen Institute, a leading consultancy firm specializing in continuous improvement, and was supported by various sponsors and partners. For more information about Kaizen Institute and its&#039;s methodologies, please visit in.kaizen.com.
   ]]></description>
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<pubDate>Wed, 03 May 2023 11:39:08 +0530</pubDate>
<dc:creator>NewsVoir</dc:creator>
<media:keywords>12th, Annual, Kaizen, Congress, India, 2023, Empowers, Indian, Business, Thrive, Dynamic, Environment</media:keywords>
</item>

<item>
<title>Odisha discusses roadmap to become India&amp;apos;s skilling capital</title>
<link>https://www.thebizzstories.com/odisha-discusses-roadmap-to-become-indias-skilling-capital</link>
<guid>https://www.thebizzstories.com/odisha-discusses-roadmap-to-become-indias-skilling-capital</guid>
<description><![CDATA[ 
	The Odisha Skill Conclave today focussed on chalking out a roadmap for Odisha to become a leading skilling hub in the world. The day two of the event saw sessions on narrowing the gender gap, apprenticeship and internship and importance of diversification of workforce.
	 


	
		
			
				
		
	



	Ms. Usha Padhee, Principal Secretary, Skill Development &amp; Technical Education Department, Government of Odisha with dignitaries at Odisha Skill Conclave 2023
	 


	The day started with the session titled, &#039;Making India the Skill Capital of the World&#039; that deliberated upon the role of international facilitators and partners in supporting the creation of an internationally benchmarked Indian workforce and international internships and the role of international Technical and Vocational Education and Training (TVET) providers.


	 


	Mr Sanjay Kumar Singh, Principal Secretary, Rural Development Department, Government of Odisha said, &quot;Odisha is the rising land of skilling in India, the skill capital of India and the aspiring skill capital of the world. We take pride in the skilling ecosystem we have in the state and the way it has been globally benchmarked. Through strategic planning, we have been able to develop the same as it is a life transforming initiative for both individuals and society. Diversification will play a crucial role in the future and we seek to ensure that Odisha offers the opportunity to the youth.&quot;


	 


	The session saw participation from Dr Sunjeh Raja, CEO- Director, International Centre for Culinary Arts - ICCA Dubai, Mr Anurag Srivastava, Lead- India and South Asia Corporate Affairs, CISCO, Ms Anita Rajan, Chief Executive Officer &amp; Vice President, Tata STRIVE and Tata Community Initiatives Trust, Mr. Bruce Poh, CEO, ITE Education Services, Singapore and Dr Sureshkumar Madhusudhanan, Chairman &amp; Managing Director, Seagull Group of Companies.


	 


	The next session, &#039;Narrowing the Gender Gap: Empowering Women through Skills&#039; focussed on Odisha&#039;s role in supporting young girls of the state through learning pathways, employability enhancement initiatives and sustainable livelihoods.


	 


	Ms Sujata R. Karthikeyan, Commissioner-cum-Secretary, Department of Mission Shakti, Government of Odisha said, &quot;Every woman or a girl has the right to be empowered to aspire and achieve those aspirations. Gender and skilling, gender and empowerment are important for the government agenda. Our efforts will be to ensure that through Mission Shakti we are able to empower the women of the state.&quot;


	 


	Panelists for this session included Ms Sohini Sinha, Head - Learning, Leadership Development &amp; Talent Management, Tata Electronics, Prof. Neharika Vohra, Professor, IIM - Ahmedabad, Ms. Sangita Jindal, Chairperson, JSW Foundation, Ms. Guha Poonam Tapas Kumar, IAS, Chief Executive Officer, ORMAS, Dr Monika Aggarwal, Dean Faculty of Design, MGM University and Ms Poonam Mohapatra, Chairperson - Bhubaneswar Chapter, FICCI Ladies Organisation.


	 


	The session on &#039;Linking Apprenticeship and Internship to Skilling for the New World&#039; saw experts deliberate upon roadmap for a coherent execution of apprenticeship policies that will expedite and scale up the process.


	 


	Mr Sanjay Kumar Mishra, CMD, Odisha Power Transmission Corporation Limited said, &quot;The key components of skill development include apprenticeship and internships that provide on-the-job training to individuals. These are important for the individuals to acquire essentials skills for the jobs as they provide industry exposure, comprehensive understanding of the industry, networking opportunities and certification which enhances employability. As new sectors such as Hydrogen fuels, Green Energy and new technologies such as Artificial Intelligence, Internet of Things emerge in the country, upskilling and reskilling the youth will be crucial to enable them with opportunities and contribute to the society.&quot;


	 


	The panel for this session included Mr Narayanan Ramaswamy, Partner, KPMG India, Ms Alka Mittal, Former CMD &amp; Human Resources Director, ONGC Group, Mr Shenbagam Manthiram, CEO, TP Central Odisha Distribution Limited, Mr Pawan Yadav, DGM - HR, Subros Limited, Mr Gabriel H. Bordado, Skills &amp; Employment Specialist, ILO and Mr Sanjay Shivnani, Head Technical Training and Hindalco Technical University, Hindalco Industries Limited, Aditya Birla Group.


	 


	The final session of the day, &#039;Skilling beyond shackles-Inclusivity in Skilling&#039; focussed on provisions to ensure that skilling opportunities are available for marginalised communities including differently abled persons and role of TVET system in building inclusive workplaces.


	 


	Mr Bhaskar Sarma, Commissioner-Cum-Secretary Social Security &amp; Empowerment of Persons with Disabilities Department, Government of Odisha said, &quot;Inclusivity in skilling includes women, transgenders, tribals and disabled individuals, amo ]]></description>
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<pubDate>Sat, 22 Apr 2023 12:06:26 +0530</pubDate>
<dc:creator>NewsVoir</dc:creator>
<media:keywords>Odisha, discusses, roadmap, become, Indias, skilling, capital</media:keywords>
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<item>
<title>India Global Forum&amp;apos;s Annual Summit Wraps up on a High Note, Setting the Pace for India&amp;apos;s Determined March on the World Stage</title>
<link>https://www.thebizzstories.com/india-global-forums-annual-summit-wraps-up-on-a-high-note-setting-the-pace-for-indias-determined-march-on-the-world-stage</link>
<guid>https://www.thebizzstories.com/india-global-forums-annual-summit-wraps-up-on-a-high-note-setting-the-pace-for-indias-determined-march-on-the-world-stage</guid>
<description><![CDATA[ 
	The India Global Forum&#039;s (IGF) flagship Annual Summit, around the theme of &quot;Setting the Pace&quot;, concluded successfully with stakeholders across sectors sharing their views on how India is well poised to set the pace to meet the challenges faced by the world.


	 


	With an impressive lineup of business leaders, policymakers, founders, and investors, the conversations throughout the day shed light on potential areas of growth, issues that matter and how a collaborative approach will help set the pace for globalization of India&#039;s unique advantages and offerings.


	 


	In a thought-provoking address, Union Minister Hon. Smriti Zubin Irani speaking on &quot;Faster Inclusion for Mutual Benefit and Socio-Economic Impact&quot; said, &quot;India is now setting new standards on the issue of gender justice. Over the years, our nation has transitioned from focusing on women&#039;s development to women led development. Women are not only a gender that has faced many complexities and challenges, but we are also at the forefront of delivering solutions. India has now proven a social and economic case for gender justice. For keeping humanity in, keep women in your consideration. That&#039;s my message to the India Global Forum&#039;s Annual Summit.&quot;


	 


	Prof. Manoj Ladwa, Founder and Chairman of India Global Forum said, &quot;It is exciting to witness the progress role of women-centric initiatives across sectors and within the policy framework which are setting the pace for India. The country continues to rise and shine in women led development and providing equal opportunities. At IGF, we believe in building lasting partnerships that will provide opportunities for women leaders to realise their potential and scale globally.&quot;


	 


	The Summit also hosted insightful conversations with Hon. Union Ministers Piyush Goyal, Ashwini Vaishnaw and Bhupender Yadav. Encompassing 30 themes, 35+ concurrent roundtables, and 500+ participants, IGF&#039;s Annual Summit analysed diverse perspectives and expert views on how India is &quot;Setting the Pace&quot; for the global economy. From Technology and Innovation, Investment, Finance and Infrastructure to Diversity, Inclusion and Climate Finance, the day covered a wide range of informative sessions amongst policymakers, industry captains and other influential thought leaders.


	 


	 


	A few highlights from the roundtables:


	 


	
		
			During the roundtable entitled Setting the Pace on the Future of Social Media: Building from India for the world with Koo, the panelists highlighted how Indian social media companies are making waves in the global market as they expand their services beyond Indias borders. Companies such as Koo have gained immense popularity in India and are now attracting users from other countries as well. Additionally, the Indian governments push for self-reliance has fueled the growth of these companies, which are now competing with global giants.
	
	
		
			Another roundtable discussion around Setting the Pace on Foreign Direct Investment with Sorin Investments, flagged that in 2023, India is expected to continue its position as a top destination for foreign direct investment, thanks to its large market size, growth potential, and business-friendly reforms. Despite the government&#039;s FDI attracting measures such as liberalizing investment rules, simplifying regulations, and providing tax incentives whilst providing a positive outlook, the country faces some challenges in attracting FDI, such as bureaucratic hurdles, infrastructure gaps, and policy uncertainties, which need to be addressed to fully leverage its potential. 
	
	
		
			Setting the pace on Building for Bharat with Google Cloud India shed light on how Building for Bharat is the initiative to build products and services that are accessible and affordable for the next billion users in India. Cloud services can play a key role in this initiative by providing the infrastructure and tools that businesses need to build and scale their products and services.
	
	
		
			The roundtable around Setting the Pace on Web3 with Coinbase touched upon how with a thriving IT sector, immense talent pool, and growing economy, India has the potential to lead the world&#039;s Web3
	
	
		
			revolution. Effective implementation of Web3 technologies could revolutionize education, government services, infrastructure development, financial inclusion and many other aspects that can be beneficial not only for India but can also serve as a strong benchmark for the rest of the developing world.
	
	
		
			As digitisation accelerates, governments utilise technology for improved service delivery. With the theme of Setting the Pace for Digitising Government Services with Deloitte India, the roundtable examined barriers and enablers of digitizing government services, the impact of AI, IoT, and blockchain, strategies for secure and scalable digital infrastructure, and creating inclusive citizen-centric services. The discuss ]]></description>
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<pubDate>Wed, 29 Mar 2023 13:25:56 +0530</pubDate>
<dc:creator>NewsVoir</dc:creator>
<media:keywords>India, Global, Forums, Annual, Summit, Wraps, High, Note, Setting, the, Pace, for, Indias, Determined, March, the, World, Stage</media:keywords>
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<item>
<title>&amp;quot;When We Talk About Self&#45;Reliant India, We are Thinking of Further Opening the Doors, Not Closing Them,&amp;quot; says Minister Piyush Goyal at India Global Forum</title>
<link>https://www.thebizzstories.com/when-we-talk-about-self-reliant-india-we-are-thinking-of-further-opening-the-doors-not-closing-them-says-minister-piyush-goyal-at-india-global-forum</link>
<guid>https://www.thebizzstories.com/when-we-talk-about-self-reliant-india-we-are-thinking-of-further-opening-the-doors-not-closing-them-says-minister-piyush-goyal-at-india-global-forum</guid>
<description><![CDATA[ 
	
		
			&quot;We want to negotiate trade with countries which believe in reciprocity, follow a rules-based approach and believe in transparency. We will engage with the world, but as an equal.&quot; - Hon. Piyush Goyal
	
	
		
			The Interaction was held in New Delhi and witnessed the presence of prominent business leaders
	



	
	Stating that India continues to move forward in forging partnerships and trade relations, Hon. Piyush Goyal talked about India&#039;s growth in global trade and partnerships built on the 3 elements-sensitivity, trust and a strong bond between the negotiating entities.
	 


	
		
			
				
		
	



	Hon. Piyush Goyal at the Investors Interaction and the Opening Session of India Global Forum Annual Summit 2023
	 


	Speaking at an exclusive Investor Interaction graciously presided by him ahead of the India Global Forum (IGF) &#039;s Annual Summit 2023, Hon. Piyush Goyal said, &quot;India recognises that when we talk of self-reliant India (Atmanirbhar Bharat), we are not thinking of closing the doors, in fact opening it further wide. There is a reason that the whole world wants to talk to us, and we are talking to them. Every country has certain competitive advantages; similarly, wherever, we see we have an edge, we cannot have sub-optimal products populating our markets. We want quality products. I am confident, in the years to come, Indian industries will be able to get the &#039;mojo&#039; back in the manufacturing space. We want to negotiate trade with countries which believe in reciprocity, follow a rules-based approach and believe in transparency. We will engage with the world, but as an equal.&quot;


	 


	During his address, the minister spoke about how it is India&#039;s turn to drive growth, set the pace and emerge as a bright spot in an increasingly turbulent world.


	 


	Speaking on the occasion, Prof. Manoj Ladwa, Founder and Chairman of India Global Forum said, &quot;I have been impressed at India&#039;s growth in global trade and its focus on creating win-win partnerships while it is leveraging its strengths in sectors such as pharmaceuticals, information technology, and renewable energy. Minister Piyush Goyal has aptly reaffirmed the same. India Global Forum has always led the agenda by highlighting and amplifying India&#039;s globalisation story - as we head into the IGF&#039;s Annual Summit, we will look at how we can collaboratively propel India&#039;s journey to the top and centre of the global stage.&quot;


	 


	This year&#039;s IGF Annual Summit will be held on March 27 in New Delhi and has a unique 3-in-1 format featuring IGF Zones, The Forum and the IGF Studio. While the IGF Zones will provide 35+ innovative concurrent roundtables on pertinent topics and issues, the Forum will include plenary sessions with leading personalities from government and business. The IGF Studio will broadcast content across key global topics including leadership, geopolitics, climate, technology and much more.


	 


	Click here to access the full list of speakers. For more information on the event, click here.


	 


	About India Global Forum


	IGF is the agenda-setting forum for international business and global leaders. It offers a selection of platforms that international corporates and policymakers can leverage to interact with stakeholders in their sectors and geographies of strategic importance. Our platforms range from large global events to invite-only, intimate conversations and analysis, interviews and thought leadership through our media assets.


	 


	For more information please visit www.indiaglobalforum.com.
   ]]></description>
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<pubDate>Tue, 28 Mar 2023 15:04:36 +0530</pubDate>
<dc:creator>NewsVoir</dc:creator>
<media:keywords>When, Talk, About, Self-Reliant, India, are, Thinking, Further, Opening, the, Doors, Not, Closing, Them, says, Minister, Piyush, Goyal, India, Global, Forum</media:keywords>
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<item>
<title>Panel Discussion on &amp;apos;Opportunities for India&amp;apos;s Participation in Global Value Chains&amp;apos; Convened by BRIEF</title>
<link>https://www.thebizzstories.com/panel-discussion-on-opportunities-for-indias-participation-in-global-value-chains-convened-by-brief</link>
<guid>https://www.thebizzstories.com/panel-discussion-on-opportunities-for-indias-participation-in-global-value-chains-convened-by-brief</guid>
<description><![CDATA[ 
	The Asia Foundation partnered with, CII and BRIEF to convene a discussion on &#039;Opportunities for India&#039;s Participation in Global Value Chains&#039; on March 24 in New Delhi. The convening brought together industry experts, policymakers, and academia to delve into three focus areas that can facilitate sustainable integration with the global value chains: gender dimensions of trade, trade facilitation, and intellectual property rights. The event provided valuable insights and recommendations for India to become a thriving hub for economic activity and support a flourishing global value chain.
	 


	
		
			
				
		
	



	Launch of the Policy Briefs
	 


	Mr. Aditya Mishra, Chairman, Land Ports Authority of India, Ministry of Home Affairs, Govt. of India made the keynote address and launched three policy briefs:


	
		
			&quot;Global Supply Chains and Trade Facilitation: Identifying the contours of an Indian Approach&quot; by Dr. Amitendu Palit, Senior Research Fellow and Research Lead (Trade and Economics), Institute of South Asian Studies (ISAS), National University of Singapore.
	
	
		
			&quot;Womens Inclusion in Indias Trade Ecosystem: From Talk to Action&quot; by Nikita Singla, Associate Director of BRIEF.
	
	
		
			&quot;Intellectual Property Rights in Global Value Chains: The State of Play in India&quot; by Arpan Banerjee, Assistant Professor and Executive Director, Centre for Intellectual Property and Technology Law.
	



	 


	The policy briefs were developed as part of The Asia Foundation&#039;s &#039;Think Tank Engagement on Indo-Pacific Issues&#039; project supported by the U.S. State Department. Confederation of Indian Industries (CII) was the knowledge partner for this project.


	 


	Ms. Nandita Baruah, Country Representative, The Asia Foundation, reflected on India&#039;s potential to contribute to becoming an economic hub and providing opportunities for growth and employment. &quot;This research aims to provide actionable recommendations to further India&#039;s intent to become an economic hub and global engine of growth. We hope the findings from the policy briefs can add value to the government&#039;s initiatives to expand India&#039;s engagement in global trade and inform policy and operational investment for enhancing the integration of India&#039;s economy into the global value chain, with a strong focus on gender-supportive trade mechanisms,&quot; she said. 
	 


	
		
			
				
		
	



	Panel on Global Value Chain Trade Facilitation &amp; IPR
	 


	The event held panel discussions focusing on: &#039;Gender Inclusiveness in Trade&#039; and &#039;Global Value Chains: Trade Facilitation and IPR.&#039; The panel discussion on &#039;Gender Inclusiveness in Trade&#039; highlighted the importance of making trade policies gender inclusive. The panelists Mr. Aditya Mishra, Chairman, LPAI, Dr. Sanjay Kathuria, former Lead Economist, The World Bank, and Ms. Nikita Singla, Associate Director, BRIEF, and Shravani Prakash, Founder, ElleNomics, moderated the panel and discussed the role of trade policies in empowering women entrepreneurs and ensuring their access to finance, market, and technology while focusing on the importance of creating a conducive environment for women entrepreneurs to participate in international trade.


	 


	The &#039;Global Value Chains: Trade Facilitation and IPR&#039; panel highlighted the challenges and opportunities for India&#039;s participation in the global value chains. The panel was moderated by Mr. Afaq Hussain, Director, BRIEF. The panelists included Dr. Amitendu Palit, Senior Research Fellow and Research Lead, Institute of South Asian Studies (ISAS), National University of Singapore, Mr. Arpan Banerjee, Assistant Professor and Executive Director, Centre for Intellectual Property and Technology Law, Ms. Audrey Slover, Indo-Pacific Strategy Officer, U.S. Embassy, New Delhi, and John Cabeca, the United States Intellectual Property Counselor for South Asia, who unpacked the role of strong intellectual property rights (IPR) regimes to enhance India&#039;s competitiveness in the global market and also touched on the importance of efficient trade facilitation measures to help Indian firms integrate into the global value chains.
	 


	&quot;As Chairman of the Land Ports Authority of India and an advocate for gender inclusiveness in trade, I am happy to release the papers on Opportunities for India&#039;s Participation in Global Value Chains at this event. These papers shed light on the potential for India to expand its footprint in the region and promote its growth and leadership goals through gender-inclusive trade. In todays discussion, I emphasized the importance of bringing about gender positivity in the full process of trade facilitation, and I look forward to continuing this conversation and taking action towards a more inclusive trade landscape,&quot; said Mr. Aditya Mishra, Chairman, Land Ports Authority of India (LPAI), Ministry of Home Affairs, Govt. of India.


	 


	Afaq Hussain, Director, BRIEF India said, &quot;Trade facilitation is c ]]></description>
<enclosure url="https://www.newsvoir.com/images/article/image1/23832_Launch-of-the-Policy-Briefs.JPG" length="49398" type="image/jpeg"/>
<pubDate>Sat, 25 Mar 2023 13:06:01 +0530</pubDate>
<dc:creator>NewsVoir</dc:creator>
<media:keywords>Panel, Discussion, Opportunities, for, Indias, Participation, Global, Value, Chains, Convened, BRIEF</media:keywords>
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<title>BRICS CCI WE Outlines Digital Inclusivity as a Key Gamechanger for Women in their Pursuit for Economic Equality</title>
<link>https://www.thebizzstories.com/brics-cci-we-outlines-digital-inclusivity-as-a-key-gamechanger-for-women-in-their-pursuit-for-economic-equality</link>
<guid>https://www.thebizzstories.com/brics-cci-we-outlines-digital-inclusivity-as-a-key-gamechanger-for-women-in-their-pursuit-for-economic-equality</guid>
<description><![CDATA[ 
	
		
			Hosts Annual Summit and Felicitations on the Theme-Women Shaping the Techade
	
	
		
			Smt. Aruna Sundarajan, Former Secretary, Dept. of Telecommunications recognised with the lifetime achievement felicitation 
	



	 


	With the G20&#039;s focus on gender-based digital inclusivity alongwith the Hon&#039;ble PM&#039;s vision of this decade being a Techade, BRICS CCI WE, the women&#039;s vertical of the BRICS Chamber of Commerce and Industry hosted its 3rd Annual Summit and Felicitations 2023 on the theme - Women Shaping the Techade. The BRICS Chamber of Commerce and Industry works towards promoting active trade, commerce and entrepreneurship between the BRICS and other friendly nations.


	 


	
		
			
				
		
	



	BRICS CCI leadership team and dignitaries lighting the lamp at the BRICS CCI WE 3rd Annual Summit and Felicitations 2023 on the theme - Women Shaping the Techade


	
	The Summit also felicitated some exceptional women who have played an important role in shaping the Techade as well as recognising the efforts of women entrepreneurs and leaders across various sectors. Smt. Aruna Sundarajan, Former Secretary, Dept. of Telecommunications was conferred with the lifetime achievement felicitation for her role in creating the world class National Digital Communication Policy 2018 and formulating India&#039;s 5G policy. 


	 


	
		
			
				
		
	



	L to R: Ruby Sinha, Convenor, BRICS CCI WE, Dr. BBL Madhukar, Chairman &amp; DG, BRICS CCI, Ashok Singh, Vice Chairman, BRICS CCI, Swati Maliwal, Chairperson, Delhi Commission for Women, Shormishtha Ghosh, Director Business Advisory, BRICS CCI, Shabana Nasim, President, BRICS CCI WE


	
	The summit was also graced by Mr. Thabang Linus Kholumo, Charge&#039; d&#039; Affaires, High Commission of the Kingdom of Lesotho. Representatives from the embassies of USA, China and Gambia also graced the event with their presence. Ms. Swati Maliwal, Chairperson, Delhi Commission for Women delivered the valedictory address at the Summit. Ms. Sonal Goel (IAS), Special Resident Commissioner, Tripura Bhawan also addressed the gathering with inspiring words.


	
	Dr. Zoya Ali Rizvi - Deputy Commissioner at National Health Mission, Ministry of Health &amp; Family Affairs, Government of India; Dr. (Smt) Chandrika Kaushik, Director General - Production Coordination &amp; Services Interaction, Defence Research and Development Organisation, Dr. Rattan Deep Kaur Virk, Board Member, SEIROS* and Ms. Prerna Jhunjhunwala - Founder - Creative Galileo were felicitated as Trailblazers. 


	 


	Delivering the valedictory address Smt. Swati Maliwal, Chairperson of Delhi Commission for Women mphasized on the need for creating a safe environment for women in to help them forge ahead in the Techade. 


	 


	Ms. Shabana Nasim, President, BRICS CCI WE in her welcome address stated, &quot;The talk about feminism isn&#039;t about making women stronger. Women are already strong, rather it&#039;s about changing the way the world perceives that strength.&quot;


	 


	Dr. BBL Madhukar, Chairman &amp; Director General, BRICS CCI said, &quot;Let us work towards creating a world where women are not just consumers of technology but are active creators and innovators as well. And let us continue to break down the barriers that have traditionally held women back, so we can build a better future for everyone.&quot;


	 


	Mr. Sameep Shastri, Vice Chairman BRICS CCI, stated, &quot;Unless we break the conservative stereotypes which are restricting women from entering STEM, the possibility of having comprehensive development is negligible.&quot;


	 


	Ms. Ruby Sinha (Convenor, BRICS CCI WE) stressed, &quot;Women should be inspired to make their mark in shaping the techade as creators, innovators, leaders and the game changers.&quot;


	
	The achievements of emerging women entrepreneurs from both inside and outside the BRICS CCI network were also recognised. These included Ms. Imaan Javan, Director of Operations, Suntuity Renewable Energy India LLP, Ms. Swati Mehta, Co-founder &amp; COO, Empyreal Galaxy Pvt. Ltd., Ms. Nargis Bhadra, Founder, Amani, Ms. Tarini Malhotra, Founder, Nai Subah Foundation, Dr. Priyanka Anuj Sidharth, Dental Surgeon, Kosen Rufu Dental Clinic and Ms. Himani Mishra, Managing Director, Brand Radiator. 


	 


	Eminent panelists deliberated on how women entrepreneurs would be driving innovation and growth in the Techade and the need to bridge the digital gender divide. The speakers included Ms. Shormishtha Ghosh, Director - Business Advisory, BRICS CCI, Ms. Monica Jasuja, Head of Money Management, GoTo Financial, Ms. Anuradha Gupta, CTO, VNL, Dr. Rattan Deep Kaur Virk, Ms. Ria Rustagi, Co-Founder &amp; CEO, Neuphony, Sqn. Ldr. Dimple Rawat (Retd), Director HR, Barco India, Ms. Vaishnavi Shukla, HR Head, Comviva, Ms. Himani Mishra, Ms. Sunila Yadav, Managing Director, Anil Mantra Aviation Pvt. Ltd. and Ms. Anshu Bharadwaj, Principal Scientist, Indian Agricultural Statistics Research Insti ]]></description>
<enclosure url="https://www.newsvoir.com/images/article/image1/23606_BRICS%20SUMMIT_Pic%201.jpg" length="49398" type="image/jpeg"/>
<pubDate>Thu, 09 Mar 2023 12:56:15 +0530</pubDate>
<dc:creator>NewsVoir</dc:creator>
<media:keywords>BRICS, CCI, Outlines, Digital, Inclusivity, Key, Gamechanger, for, Women, their, Pursuit, for, Economic, Equality</media:keywords>
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<title>Global Heads of Credit Suisse, Goldman Sachs, Carlyle Group and JP Morgan among Keynote Speakers at FSC 2023 in Saudi Arabia</title>
<link>https://www.thebizzstories.com/global-heads-of-credit-suisse-goldman-sachs-carlyle-group-and-jp-morgan-among-keynote-speakers-at-fsc-2023-in-saudi-arabia</link>
<guid>https://www.thebizzstories.com/global-heads-of-credit-suisse-goldman-sachs-carlyle-group-and-jp-morgan-among-keynote-speakers-at-fsc-2023-in-saudi-arabia</guid>
<description><![CDATA[ 
	
		
			Finance ministers from major economies and global banking executives to participate in Financial Sector Conference in Riyadh mid-March
	
	
		
			International speaker lineup includes Credit Suisse Group Chairman, Axel Lehmann; Carlyle Group Co-Founder and Co-Chairman, David M. Rubenstein and Todd Leland, International President of Goldman Sachs
	
	
		
			JP Morgan Global Head of Corporate Banking, Sjoerd Leenart; S &amp; P Ratings President Martina Cheung and Morgan Stanley Global Chief Economist, Seth Carpenter also attending
	
	
		
			Other key speakers from Asian banks, international VC firms and financial innovators from across the world to discuss global economy and future of the sector
	



	 


	Leaders of some of the largest financial companies in the world will be among the keynote speakers and participants at the second edition of the Financial Sector Conference (FSC 2023) held in Saudi Arabia next month.


	
	Credit Suisse Group Chairman Axel Lehmann will join billionaire co-founder and co-Chairman of the Carlyle Group David M. Rubenstein alongside Goldman Sachs International President Todd Leland, as the global financial community gathers to set the agenda for the future and address issues facing the sector amid a challenging global economic backdrop.


	
	Many other senior executives will fly to Riyadh and attend FSC 2023 - on 15 and 16 March - to participate in one of the most eagerly anticipated gatherings of the financial community this year. The event is taking a confident outlook on the future of the sector with the event being held under the conference slogan - &quot;Promising Financial Horizons&quot;.


	
	Other leading international figures participating are JP Morgan Global Head of Corporate Banking, Sjoerd Leenart; S &amp; P Ratings President Martina Cheung; Morgan Stanley Global Chief Economist, Seth Carpenter; World Bank VP MENA Ferid Belhaj, and Secretary General, Organization for Economic Co- operation and Development (OECD), H.E. Mathias Cormann.


	
	They will share platforms and discussions with senior Ministers and officials from Saudi Arabia and internationally. These include from host nation Saudi Arabia&#039;s Minister of Finance H.E. Mohammed Al-Jadaan; H.E. Mohammed El-Kuwaiz, Chairman of the Board of Directors, Capital Market Authority, H.E. Faisal Alibrahim, Minister of Economy and Planning H.E. Khalid Al-Falih Minister of Investment and Central Bank Governor H.E. Ayman Alsayari.


	
	International Government speakers include Egypt&#039;s Finance Minister H.E. Mohamed Maait; South African Finance Minister, H.E. Enoch Godongwana, and H.E. Shaikh Salman Al Khalifa, Minister of Finance, Government of the Kingdom of Bahrain.


	
	Commenting on the caliber of speakers and participants, H.E. Mohammed bin Abdullah Elkuwaiz, Chairman of the Capital Markets Authority, one of the FSC organizing partners, said: &quot;The participation of so many global sector leaders demonstrates that in only its second edition, FSC is creating a reputation as one of the key financial conferences in the world. 


	
	&quot;We are confident that the number of decision makers who will be present in Riyadh will ensure that constructive, and realistic strategies for the future will be created and subsequently implemented to boost not only the sector but the global economy. Their presence will help us in achieving FSC 2023&#039;s goal to foster sustained growth and ensure strong financial stability.&quot; 


	
	The growing importance and impact of the venture capital and start-up sector is also reflected in the number of regional and international venture capitalists and entrepreneurs attending FSC 2023.


	
	These include Nabil Borhanu, Founder &amp; Managing Partner, Graphene Ventures; David Rutter, Co-Founder &amp; CEO of R3; H.E. Dr. Nabeel Koshak CEO and Board Member, Saudi Venture Capital Company (SVC); Michele Grosso, CEO Democrance; Andrew Zalasin Managing General Partner, P1 Venture Partners; Christos Mastoras Founder &amp; Managing Partner, Iliad Partners; Hassan Zainal, Founder &amp; Partner, Arzan VC and Jad Salame, co-founder and Managing Partner, Phoenician VC.


	
	They will be alongside representatives from the global banking sector including Mizuho Bank of Japan; Deutsche Bank; HSBC; and Citigroup. Dozens more speakers will join thousands of delegates at the King Abdulaziz International Conference Center in Riyadh. 


	
	Conference presentations, panel discussions and debate will revolve around four key pillars - Global Economic Trends; Redefining the Roles and Responsibilities of the Sector; Investing in the Future; and the Next Generation of Digitalization. FSC 2023 is being organized by the Ministry of Finance, Saudi Central Bank, and Capital Market Authority - who are key partners in the Kingdom&#039;s Financial Sector Development Program, a key cornerstone of Saudi Arabia&#039;s Vision 2030.


	
	To find out more about FSC 2023 log on to fsc.sa/en and to register to attend th ]]></description>
<enclosure url="https://newsvoir.com/images/blank-png-1.png" length="49398" type="image/jpeg"/>
<pubDate>Thu, 09 Mar 2023 12:56:13 +0530</pubDate>
<dc:creator>NewsVoir</dc:creator>
<media:keywords>Global, Heads, Credit, Suisse, Goldman, Sachs, Carlyle, Group, and, Morgan, among, Keynote, Speakers, FSC, 2023, Saudi, Arabia</media:keywords>
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<title>FSC 2023: Global Financial Leaders to Convene in Saudi Arabia and Set Future Agenda for Industry</title>
<link>https://www.thebizzstories.com/fsc-2023-global-financial-leaders-to-convene-in-saudi-arabia-and-set-future-agenda-for-industry</link>
<guid>https://www.thebizzstories.com/fsc-2023-global-financial-leaders-to-convene-in-saudi-arabia-and-set-future-agenda-for-industry</guid>
<description><![CDATA[ 
		
			Government policymakers and global financial leaders will convene at the Financial Sector Conference (FSC 2023) on 15-16 March in Riyadh, Saudi Arabia, to pave the industry roadmap amid global economic challenges.
	
	
		
			FSC 2023 will be held under the theme &quot;Promising Financial Horizons&quot; and is set to host over 100 panelists and speakers, including international participants from Goldman Sachs; Credit Suisse; HSBC; Deutsche Bank; JP Morgan and S &amp; P Ratings.
	
	
		
			Agenda will focus on investing for tomorrow and implementing sector diversification in a challenging landscape.
	
	
		
			Conference organizers extend a warm welcome to global delegates and media to attend.
	

	The world&#039;s global financial community will gather from 15-16 March in the Saudi capital Riyadh for the second edition of the Financial Sector Conference (FSC 2023). Leaders and senior executives from some of the most prominent international institutions will work alongside government ministers and top-level decision makers to help set the industry agenda for 2023 and explore innovative solutions to unprecedented challenges facing the sector. FSC 2023 is taking a confident outlook on the sector with the event being held under the conference slogan - &quot;Promising Financial Horizons&quot;.


	 


	The 2023 conference has already attracted representatives from leading banks, venture capitalists, market specialists and investment gurus from Asia, Europe and North America to join regional experts in a series of insightful presentations and timely panel discussions and debates. Companies represented include Goldman Sachs; Credit Suisse; HSBC; Deutsche Bank; JP Morgan and S &amp; P Ratings among many others.


	 


	Saudi Arabia is the ideal location to bring financial leaders from the East and West together and organizers are extending the welcome to more global participants to come to Riyadh and be a part of shaping the agenda for the international financial community. The conference is expected to be an opportunity to address current challenges and identify opportunities for the future of finance.


	 


	From issues such as record-high inflation and interest rates to a global economic slowdown and the rise of disruptive technologies that can be better harnessed to enable future growth, the conference is focused on solutions and outcomes. The event will also examine the resilience of financial institutions and explore the impact of non-banking institutions in a rapidly changing sector that is absorbing the new economic realities of today.


	 


	Commenting on the expected impact of the conference, His Excellency, Minister of Finance and Chairman of the Financial Sector Development Program Committee Mohammed Aljadaan, said, &quot;The launch of the 2nd Edition of the Financial Sector Conference comes at a critical time in the world as the regional and international financial community seeks to overcome the current challenges of the global economy, including slow growth, high inflation, and uncertainty, which have affected the global supply chain.&quot;


	 


	&quot;The Kingdom is committed to accelerating progress in line with Saudi Vision 2030 through the execution of structural reforms, including within the financial sector. Vision 2030 aims to drive sustainable economic growth and improve the quality of life by delivering effective strategies, programs, and projects. These efforts will help achieve higher growth rates and generate employment opportunities. Vision 2030 also aims to provide improved services through enhancing the role of the financial sector, boosting local content, promoting national industry, and strengthening the Kingdom&#039;s financial position.&quot;


	 


	As Saudi Arabia welcomes the world, FSC 2023 will provide an open, dynamic and truly engaging environment for the world&#039;s financial and business leaders to examine ways to build a shared response using innovative ideas to boost prosperity worldwide.


	 


	The conference still has capacity for more delegates, and it encourages representatives of financial institutions from across Asia, Europe and North America to attend and contribute to shaping the debate on the direction and innovation the sector needs to address the future.


	 


	About FSC


	The 2nd Edition of the Financial Sector Conference (FSC 2023) is organized by the Financial Sector Development Program partners - the Ministry of Finance, Saudi Central Bank, and Capital Market Authority. It will be held on March 15-16, 2023 at the King Abdulaziz International Conference Center in Riyadh.


	 


	Following the success of its first edition in 2019, organizers plan to hold FSC every two years in the future with the aim that it becomes one of the most highly anticipated and sought after conferences in the global financial services agenda.


	 


	The conference is part of Saudi Arabia&#039;s Financial Sector Development Program, a key component of Vision 2 ]]></description>
<enclosure url="https://newsvoir.com/images/blank-png-1.png" length="49398" type="image/jpeg"/>
<pubDate>Tue, 28 Feb 2023 13:54:49 +0530</pubDate>
<dc:creator>NewsVoir</dc:creator>
<media:keywords>FSC, 2023:, Global, Financial, Leaders, Convene, Saudi, Arabia, and, Set, Future, Agenda, for, Industry</media:keywords>
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<title>Repo Rate Hike by RBI: Developers Expect Stability</title>
<link>https://www.thebizzstories.com/repo-rate-hike-by-rbi-developers-expect-stability</link>
<guid>https://www.thebizzstories.com/repo-rate-hike-by-rbi-developers-expect-stability</guid>
<description><![CDATA[ 
	The Reserve Bank of India (RBI) has announced a repo rate hike of 25 basis points taking the total interest rate to 6.5%. The RBIs decision to raise the rate was driven by concerns about inflation. However, the developers feel that RBI should now put a full stop to the repo rate hike.


				
		
	RBI Repo Rate


	&quot;For developers, the repo rate hike will increase the cost of borrowing, making it more expensive to fund new projects or refinance existing debt. This, in turn, could affect project costs. Developers may also be forced to raise property prices to cover the higher borrowing costs, which can negatively impact demand for housing. For homebuyers, the repo rate hike will increase the cost of home loans, making it more expensive to buy a property. This can lead to a decrease in demand for housing, particularly in markets where property prices are already high. Homebuyers may also be forced to postpone their purchase plans, which can lead to a slowdown in the real estate market,&quot; says Yash Miglani, MD, Migsun Group.


	&quot;With inflation in control, I am a bit surprised with this hike. Even though the increase is notional, it has also taken us close to the psychological point, after which the interest will begin to pinch, affecting the comfort levels both of buyers and developers. The sector as a whole contributes significantly to the country&#039;s GDP. We hope the RBI heeds its concerns,&quot; says Uddhav Poddar, MD, Bhumika Group.


	The decision to raise the repo rate will lead to higher borrowing costs for developers and homebuyers, which can slow down the growth of the real estate market.


	&quot;Even though on the face of it, this might appear to be a nominal hike and on its own is not anticipated to affect the real estate market, including both residential and commercial segments. However, this is the sixth continuous hike, and the rate has reached its highest level in four years. The market is looking for stability, and we hope that RBI does not hike the rates from now on,&quot; says Harvinder Singh Sikka, MD, Sikka Group.


	However, it should be noted that the impact of the repo rate hike on the real estate sector may not be uniform across the country and the categories. With different regions and cities experiencing different demand and supply levels, the Indian real estate market shows great variance. For example, the effect on the price-sensitive affordable segment will be vastly different from the big-ticket luxury segment. It is also important to note that the present interest rates are at their highest, and we should definitely end this.


	&quot;The conjunction of domestic inflationary pressures and global recessionary challenges has prompted RBI to stick to its policy stance and increase the repo rate by 25 bps to 6.5%. It may afflict retail sales for a brief period due to an imminent hike in retail loans. But the overall macro-functioning and demand will not face a downturn. Infact, the GDP growth of the country is projected at 6.5% for 2023-24, and the real estate sector will expand its share in India&#039;s GDP based on the growing demand,&quot; says Sumit Agarwal, Director-Sales &amp; Leasing, Grandthum.


	&quot;The RBI has announced a repo rate hike of 25 bps which currently stands at 6.5%. This is the first repo rate increase in 2023, which projects that RBI will maintain an assiduous policy stance to square off the inflationary woes. The moderate hike in repo rate demonstrates that RBI might go for lower repo rate hikes in 2023 as the economy is much better regulated and managed than the situation was in 2022. As far as the real estate sector is concerned, the hike will not dampen housing or commercial space demand as real estate becomes one of the most reliable and sought-after investment portfolios for traditional and new-age investors,&quot; says Prateek Mittal, ED Sushma Group.


	The repo rate is the rate at which the RBI lends money to commercial banks. When the RBI hikes the repo, the commercial banks have to pay more to borrow money from the central bank. This, in turn, can lead to higher borrowing costs for businesses and individuals. Once it crosses a certain threshold, it has the possibility of pinching the real estate sectors growth.
   ]]></description>
<enclosure url="https://www.newsvoir.com/images/article/image1/23428_RBI%20Repo%20Rate-ICCPL.jpeg" length="49398" type="image/jpeg"/>
<pubDate>Wed, 22 Feb 2023 14:39:41 +0530</pubDate>
<dc:creator>NewsVoir</dc:creator>
<media:keywords>Repo, Rate, Hike, RBI:, Developers, Expect, Stability</media:keywords>
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<title>DRISP Director Prasun Prakash Calls upon Russian and Indian Businesses for Deeper Trade Ties</title>
<link>https://www.thebizzstories.com/drisp-director-prasun-prakash-calls-upon-russian-and-indian-businesses-for-deeper-trade-ties</link>
<guid>https://www.thebizzstories.com/drisp-director-prasun-prakash-calls-upon-russian-and-indian-businesses-for-deeper-trade-ties</guid>
<description><![CDATA[ 
	The Center for the Development of Russia-India Strategic Partnership (DRISP) with headquarters in Moscow and New-Delhi has emphasized upon the need for Russian and Indian businesses to work closer for rapid economic transformation of their respective countries. DRISP&#039;s Director, Prasun Prakash shared in a comprehensive interview with prominent Russian news portal *&quot;Big Asia&quot; his ambitious plans to foster stronger economic relationships between the two countries through building strategic partnerships between their business houses. The interview was taken by Nikolai Kuznetsov, International projects producer at &quot;Big Asia&quot;.


				
		
	Prasun Prakash, Director, Center for the Development of Russia-India Strategic Partnership (DRISP)


	 


	&quot;Despite the prevailing geo-political tensions in the world today, leaders of both Russia and India have regularly stressed on the importance of enhancing the existing economic cooperation and executing large scale mutually beneficial projects,&quot; emphasises Prasun Prakash.


	 


	Prasun Prakash firmly believes that the meeting between Russian President, Mr. Vladimir Putin and the Indian Prime Minister, Mr. Narendra Modi at the Shanghai Cooperation Organisation (SCO) Heads of State Summit, and the Russia-India business dialogue on the sidelines of the Eastern Economic Forum were the crucial highlights of 2022.


	 


	The reason for Prasun Prakash&#039;s optimism is the fact that amongst the government representatives of both India and Russia, there is a growing acknowledgment of the upcoming trade opportunities that have come to the forefront against the backdrop of recent geopolitical developments.


	 


	&quot;For decades India and Russia have stood together shoulder to shoulder and the relationship has only gotten stronger over the years. Even today, under tremendous pressure due to the fast-evolving geo-political scenario, the Indo-Russian relationship stands strong because of the inherent mutual trust,&quot; says Prasun Prakash.


	 


	Among the questions answered by Prasun Prakash in this interview, many interesting topics were covered including the sectors of the economy that will be in focus and how business in either country can realize its hidden potential considering the history and the evolving dynamics of the Indo-Russia relationship in view of the latest geo-political trends.


	 


	Some of the other key points covered in the interview by Prasun Prakash during the interview included:


		
			The volume of trade between the two strategic partners is projected to be on a steady rise.
	
	
		
			The reason for this is going to be the diversification of the export-import positions.
	
	
		
			Cooperation in new sectors like IT, logistics, healthcare, and education.
	
	
		
			Rise in the quantity of yearly delegations which will prove to be crucial.
	
	
		
			Indian lifestyle brands have huge potential in Russia.
	

	 


	Prasun Prakash also talked about the recent visit of the Russian delegation to New-Delhi in December 2022, which was led by Mr. Cheryomin who heads the department of international affairs of the Moscow state government which he characterized as fruitful and mutually beneficial for both countries.


	 


	About Center for the Development of Russia-India Strategic Partnership (DRISP)


	DRISP is a business consulting firm that specialises in the Russian and Indian markets. It offers a plethora of solutions and services that include, but are not limited to, Comprehensive strategy development and market analysis, Legal, cultural and lingual support, Handling negotiations with Russian counterparts, Public affairs and liaison, Providing financial and consultancy services, Administering logistics and customs, Effectively engaging with the various media, Business trips to Russia, Organizing business conferences and exhibitions. Over the years, DRISP has developed expertise into the following industries - Agriculture, Forestry, Processing of raw materials, Precious stones, Minerals, Heavy industry, Construction, Manufacturing equipment, Energy production, IT, Communications, Logistics, Education, Tourism, Healthcare, Legal and financial services.
	For more information, please log on to drispcenter.com/ind-rus.


	 


	*About Big Asia


	&quot;Big Asia&quot; TV сhannel and the bigasia.ru website are a Russian media platform that provides the audience with positive information about the main events in Asian countries and tells about the history, culture and traditions of Asian countries. &quot;Big Asia&quot; website is an independent mass media providing the audience with worldwide access to all the content of the media project. The websites editorial staff compiles its own news line, creates specialized content and promotes the subject of Russian-Asian cooperation on the Internet, including on all popular social networks.
   ]]></description>
<enclosure url="https://www.newsvoir.com/images/article/image1/23226_prasun-prakash.jpg" length="49398" type="image/jpeg"/>
<pubDate>Sat, 04 Feb 2023 13:07:22 +0530</pubDate>
<dc:creator>NewsVoir</dc:creator>
<media:keywords>DRISP, Director, Prasun, Prakash, Calls, upon, Russian, and, Indian, Businesses, for, Deeper, Trade, Ties</media:keywords>
</item>

<item>
<title>Real Estate Stalwarts Applaud Urban Infra Push in Union Budget 2023</title>
<link>https://www.thebizzstories.com/real-estate-stalwarts-applaud-urban-infra-push-in-union-budget-2023</link>
<guid>https://www.thebizzstories.com/real-estate-stalwarts-applaud-urban-infra-push-in-union-budget-2023</guid>
<description><![CDATA[ 
	The Union Budget 2023-24 includes a swathe of favourable policies and reforms that promise a considerable boost to urban infrastructure and affordable housing. For example, the outlay of PM Awas Yojana Fund has been increased by 66% to Rs. 79,000 crore in this budget as a significant step towards creation of housing for all.


	 


				
		
	Budget 2023 an insider


	 


	The Finance Minister has also announced 33% hike in capital expenditure to Rs. 10 lakh crore for infrastructure development. Moreover, an Urban Infrastructure Development Fund (UIDF) is also planned to be set up to create urban infrastructure in Tier 2 and Tier 3 cities. The real estate industry leaders in the meanwhile have cheered the budget for its unwavering focus on stirring the demand in both residential and commercial segments.


	 


	Mr. Manoj Gaur, President CREDAI NCR and CMD Gaurs Group said, &quot;An increased capital outlay for a third year in a row to INR 10 lakh crore amounting to 3.3% of the GDP, a hike of 66% to over 79,000 crore for PM Awas Yojana and the 9,000-crore Credit Guarantee Scheme for MSMEs will have a positive multiplier effect on economic growth and help realize the PM&#039;s vision for &#039;Housing for All&#039;.&quot;


	 


	&quot;The Union Budget 2023 has rightly emphasised on boosting the healthy consumer demand in the realty sector apart from enhancing the ease of doing business. The honourable finance minister has also showcased her keen inclination towards urban infrastructure development in tier-II-III cities with the announcement of the fund of Rs. 10000 crore per annum for this purpose. Such an encouraging move will further drive real estate growth all across the country,&quot; added Mr. Ashish Bhutani, CEO, Bhutani Infrastructure.


	 


	&quot;Budget 2023 will help drive growth in the Indian realty sector with its emphasis on upgrading infrastructure and boosting demand in the residential segment. The demand for luxury properties has been already growing rapidly and we expect the market to become much more favourable for the HNIs to invest on the back of the increased thrust of the government on boosting the urban infrastructure,&quot; said Mr. Rizwan Sajan, Founder and Chairman, Danube Group.


	 


	Mr. Ajay Chaudhary, CMD, Ace Group opined, &quot;We welcome the Union Budget 2023 for its significant announcements enabling the real estate sector to march on the growth trajectory. The announcement like increased income tax rebate limit from Rs. 5 lakh to Rs. 7 lakh in new tax regime will sustain demand creation in both affordable and luxury housing segments. Apart from giving more disposable income in the hands of the consumers, the concerted focus of this budget on encouraging reforms in urban planning will further boost India&#039;s already thriving real estate sector.&quot;


	 


	Mr. Sanjay Gupta, CMD, APL Apollo Tubes said, &quot;Considered as the backbone of the country&#039;s infrastructure growth, the steel industry is here to get a considerable boost with the inclusion of infrastructure development into the seven priorities of Budget 2023. We equally welcome the respected Finance Minister&#039;s comprehensive focus on proposing 100 critical transport infrastructures for last and first-mile connectivity with an investment of Rs 75000 crore that promises the demand for steel to stay robust in the market. The annual allocation of Rs. 10000 crore for urban infrastructure development will also lead to demand creation for steel.&quot;


	 


	Riding high on the encouraging policies announced in Budget 2023-24, the demand in real estate sector is expected to grow. Above all the rationalisation of income tax would definitely encourage some of the fence-sitters to enter the market and purchase their choicest properties. 
   ]]></description>
<enclosure url="https://www.newsvoir.com/images/article/image1/23228_vig.JPG" length="49398" type="image/jpeg"/>
<pubDate>Fri, 03 Feb 2023 17:41:36 +0530</pubDate>
<dc:creator>NewsVoir</dc:creator>
<media:keywords>Real, Estate, Stalwarts, Applaud, Urban, Infra, Push, Union, Budget, 2023</media:keywords>
</item>

<item>
<title>Business Leaders Give Thumps up to Union Budget 2023 for its Growth&#45;Oriented Provisions</title>
<link>https://www.thebizzstories.com/business-leaders-give-thumps-up-to-union-budget-2023-for-its-growth-oriented-provisions</link>
<guid>https://www.thebizzstories.com/business-leaders-give-thumps-up-to-union-budget-2023-for-its-growth-oriented-provisions</guid>
<description><![CDATA[ 
	In its final full Budget presented ahead of the 2024 elections, the Union government has announced a slew of measures to boost the economic landscape of the country. Focussed on enhancing productivity and growth, the Budget 2023 lays the path for achieving the vision of &#039;Amrit Kaal&#039; for the next 25 years.


	 


				
		
	Budget 2023 


	 


	The Indian economy has emerged as one of the frontrunners among its peers with the expected growth rate of 6.5% in the next fiscal, as per the economic survey for FY 2023-24. With the fast emerging favourable scenario, the industry captains have hailed the Budget 2023 in particular for its progressive and pragmatic approach towards strengthening the vision of make in India and digitisation. With its concrete focus on offering a progressive environment for the industries to flourish, the budget ensures the growth of electric vehicles, housing, infrastructure, healthcare and renewable energy segments, among other industries.


	 


	Mr. Anshul Gupta, Managing Director, Okaya Electric Vehicles said, &quot;The Union Budget 2023-24 is pro-development, with sustainable planning; energy transition for a cleaner tomorrow and inclusive growth through tech-enabled economy at its core. Moreover, the impetus on the EV sector in budget is quite encouraging for all Industry players.  Drawing from its core, the decision to exempt Lithium-ion cells of custom duties for another year is a welcome move, as its majorly impacts the affordability of EVs in India. Furthermore, the viability gap funding announced to support the Battery Energy Storage Systems, along with a framework of Pumped Storage Projects, is designed to reduce the revenue required to recover costs and offer better returns, especially for the Private sector.&quot;


	 


	&quot;Representing the true spirit of Atmanirbhar Bharat with its thrust on infrastructure development, the budget presented by the honourable finance minister is here to further boost manufacturing. We look forward to continued investment in capacity expansion of various segments of Healthcare to reduce the country&#039;s dependency on imported products in critical care segment,&quot; said Mr. Pranav Choksi, Executive Director, Gufic Biosciences Limited. 


	 


	Mr. Rajesh Khatri, Managing Director, Glowderma Lab Pvt. Ltd. said, &quot;With its concerted thrust on research and development through the proposed initiatives of the centers of excellence, the pharmaceutical sector has received the much-needed boost from Budget 2023. We look forward to the country becoming the world&#039;s pharmaceutical hub.&quot; &quot;Thanks to the favourable provisions in the Union Budget 2023, the pharmaceutical sector is all set to achieve high growth trajectory. It&#039;s heartening to note the budget has focussed on reducing the dependence of the domestic industry on imports by making India self-reliant in pharma production,&quot; added Mr. Sumit Arora, Director, Alniche Lifesciences.


	 


	Md. Sharique Khan, vice President. Ar-Ex Labs said, &quot;The future of the Indian pharmaceutical sector looks bright with all the favourable announcements made in the budget 2023. Apart from the sensible allocations proposed by the finance minister in the budget, the proposed new program to promote research and innovation in the pharma segment will further streamline and accelerate the path of all round growth of the industry. &quot;


	 


	Mr. HS Singh, Managing Director, Radius Synergies International Private Limited said,  &quot;Embracing several provisions to drive innovation in the industry, the Budget 2023 is expected to emerge as growth engine of the economy. We expect it will revive industrial growth and spur consumer demand.&quot;


	 


	Mr. Pratik Singhvi, CEO, Euro Pratik said, &quot;The Budget 2023 is truly progressive with its thrust on capital investment. Focused on boosting consumption and economic growth, the budget will help fuel industrial growth in a big way.&quot;


	 


	Mr. Som Mandal, Managing Partner of Fox Mandal said, &quot;Besides the provisions of boosting infrastructure growth, the Budget 2023 has successfully provided the much-needed foundation of making India future ready and counter the global headwinds.&quot;


	 


	Mr. Utkarsh Gupta, Managing Director, Ramagya Group said, &quot;We welcome Budget 2023 for the record allocation of Rs. 1,12,899 crore for expenditure on education. While India has already emerged as an international education hub, such an encouraging announcement will further raise its profile.&quot;


	 


	Mr. Vinod Dugar, Co-Promoter of RDB Group opined, &quot;Despite the uncertainty looming large over the world economies, the honourable finance minister has presented a balanced and development-oriented budget that has the potential to accelerate the growth engines of the economy and foster innovation in all industries.&quot; &quot;The Union Budget 2023 comprises several provisions to expedite growth and development across a spectrum of industries. With its major focus on urban ]]></description>
<enclosure url="https://www.newsvoir.com/images/article/image1/23213_budget.JPG" length="49398" type="image/jpeg"/>
<pubDate>Fri, 03 Feb 2023 13:43:20 +0530</pubDate>
<dc:creator>NewsVoir</dc:creator>
<media:keywords>Business, Leaders, Give, Thumps, Union, Budget, 2023, for, its, Growth-Oriented, Provisions</media:keywords>
</item>

<item>
<title>India&amp;apos;s Top Management Experts Call for Immediate Sustainable Best Practices at GLIM Gurgaon Conference</title>
<link>https://www.thebizzstories.com/indias-top-management-experts-call-for-immediate-sustainable-best-practices-at-glim-gurgaon-conference</link>
<guid>https://www.thebizzstories.com/indias-top-management-experts-call-for-immediate-sustainable-best-practices-at-glim-gurgaon-conference</guid>
<description><![CDATA[ 
	Great Lakes Institute of Management (GLIM), Gurgaon today hosted its first international conference, titled &quot;International Perspectives in Economics &amp; Management for Sustainability&quot;, which was participated by around 75 world-renowned researchers and representatives from the industry as well as the Government . With this conference, GLIM has signaled its intent to emerge as a leading academic and research institute in the sphere of &quot;Sustainable business practices&quot; and offer to industry not only competent and environmentally responsible management professionals but also intellectual capital in all spheres of sustainability. 


	 


				
		
	Dr. Debashish Sanyal (Director - GLIM, Gurgaon) lighting the lamp surrounded by international delegates at the Winter Business School Conference on Sustainability 2022


	 


	The pre-conference proceedings on December 19 included a panel discussion on &quot;Climate change and Financial Risk&quot;, with international speakers Prof. Olatunde Shobande (Senior Economist at the University of Aberdeen, UK), and Prof. Kazi Sohag (Ural Federal University), and moderated by Prof. Tomas Balezentis (Professor at Vilinius University, Lithuania). Prof. Sohag explained how Russia, despite economic sanctions, was able to maintain fiscal stability through a dual approach of &quot;no rouble-no-petrol&quot; leveraging its hydrocarbon exports to appreciate its local currency and maintaining a sizeable National Welfare Fund to counter the economic sanctions. Prof. Shobande focused on the criticality of providing every household with electricity to address the &quot;energy poverty&quot;, which is a critical issue in developing countries, and which would help reduce the usage of solid fuels and improve environmental sustainability. A highlight of the pre-conference session was the signing of a formal MoU between GLIM Gurgaon and Ural Federal University, Russia. Dr. Debashis Sanyal, Director GLIM-G and Prof. Kazi Sohag of UFU signed the MoU. It would explore student and faculty exchange programs, as well as funded research for projects of international agencies. 


	 


	The conference was formally inaugurated on Dec 20 by Prof. Leila Dagher, Director of the Institute of Financial Economics at the American University of Beirut, and a renowned researcher in the areas of energy, environmental, and financial economics. The inaugural session was preceded by a keynote address by Dr. Amol Phadke, a Staff Scientist in the Electricity Markets and Policy Department at the Lawrence Berkeley National Laboratory and a Senior Scientist at the Goldman School of Public Policy, University of California. Dr. Phadke highlighted the urgent need for the energy sector, currently responsible for worldwide CO2 emissions of 30 giga tonnes per year, to radically transform itself, and spoke about a range of opportunities that exist in the energy, transport, and power sectors, in terms of exchanging conventional energy sources with clean energy: electric vehicles in place of internal combustion engines, solar/wind power to replace coal, etc. Subsequently, Mr. Mohan Lakhamraju, Chairman of GLIM, during his address, formally announced the launch of a Center of Excellence in Sustainability at GLIM Gurgaon. Dr. Debashish Sanyal, Director GLIM Gurgaon took the audience through a journey of various achievements and accolades of GLIM Gurgaon, despite being one of the youngest business schools in the country. Dr. Sanyal also announced that in a year&#039;s time, the next international conference on Sustainability would be hosted by GLIM Gurgaon. During her inaugural address, Prof Leila Dagher presented interesting insights gleaned from her research work: relating to possibilities of providing green power to individual households, and predictions of global oil prices in the context of financial shocks, especially in Asian markets.  


	 


	A second track in the conference comprised 19paper presentations by researchers across the country, on four themes - Economics, Finance, Marketing &amp; HR, and Analytics. Each track concluded with a &quot;Best Paper&quot; award by the Session chairs in their respective themes. Mr. Rahul Kumar (&quot;CSR - not a substitute for ESG&quot;), Dr. Sneha (&quot;Impact of COVID-19 on government workers in India&quot;, Mr. Sanjeev Kumar (&quot;Interconnectivity and Investment Strategies among commodity prices&quot;) and Nikhita Tuli and Harish Kumar (&quot;Demystifying the engagement process: A BOP perspective towards social media app engagements&quot;) were the recipients of the Best Paper awards. 


	 


	The post lunch session included a Fireside chat with Journal editors Prof. Justin Paul, Editor-in-Chief, International Journal of Consumer Studies and a Professor at the University of Puerto Rico, San Juan, and Prof. Aviral Tiwari, faculty at IIM Bodh Gaya, and Associate Editor of Energy Economics journal, with Prof Bappaditya Mukhopadhyay of GLIM Gurgaon to discuss how students and researchers should build up their skills and competencies to publish  ]]></description>
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<pubDate>Wed, 04 Jan 2023 15:51:33 +0530</pubDate>
<dc:creator>NewsVoir</dc:creator>
<media:keywords>Indias, Top, Management, Experts, Call, for, Immediate, Sustainable, Best, Practices, GLIM, Gurgaon, Conference</media:keywords>
</item>

<item>
<title>Experts&amp;apos; Reaction To Repo Rate Hike: RBI&amp;apos;s Move To Balance Inflation</title>
<link>https://www.thebizzstories.com/experts-reaction-to-repo-rate-hike-rbis-move-to-balance-inflation</link>
<guid>https://www.thebizzstories.com/experts-reaction-to-repo-rate-hike-rbis-move-to-balance-inflation</guid>
<description><![CDATA[ 
	RBI has announced a hike in Repo rates for the fifth consecutive time. The difference this time accounts for 35 bps, leading the interest rate from 5.90 to 6.25. RBI has been announcing minimum possible increases in repo rate for the last few months in order to curb the inflation that the country is facing due to global trends. The reasons for increasing rates are the war at trade routes, global recession, increasing prices of raw material costs and various other factors that lead to a direct and indirect hike in prices. Though this hike will impact the home loan interest rates to score higher, the real estate market is expected to stay robust as the sector is believed to offer prominent returns on investment as compared to other industries.


	 


				
		
	Reserve bank of india raises repo rate by 50 bps continues withdrawal of accommodative stance


	 


	&quot;The 35 bps repo rate hike will have a prominent impact on loan borrowings, which have witnessed a healthy demand this year. The inflation rates are also taming and we expected that there would be no further hikes as it would cause a dent in the real estate, which has marked a great improvement this year. For the momentum to continue, there needs to be stable loan borrowing rates for investors&#039; benefit, the consistently increasing repo rates could dampen the outflow of money that is being invested in real estate spaces,&quot; said Mr. Sumit Agarwal, Director, Sales &amp; Leasing, Bhutani Grandthum.


	 


	Mr. Uddhav Poddar, MD, Bhumika Group, said, &quot;With inflation taming down, we were hopeful of no more rate hikes. The present hike in repo rate is beyond the comfort level of the real estate sector. The 0.35% hike will take the repo rate from 5.9% to 6.25% taking the home loan interest rates upwards of 9%. It will increase the cost of servicing loans and for new buyers also increase the cost of real estate. We can only hope that the situation improves and that it turns out to be the last hike.&quot;


	 


	&quot;RBI&#039;s step to increase the repo rates by 35 basis points has created a little tough situation for investors as it will bring a hike in loan interest rates. Though it can be dealt with after some time as residential projects have been in massive demand for quite some time now, housing prices will undergo a hike as a result of this announcement. This will somehow be helpful for the realtors to deal with the rising input costs but cost adversely to the homebuyers. The effort by the RBI to reduce inflation is entirely reasonable, but prices for real estate developments will undoubtedly rise in the near future,&quot; said Mr. Salil Kumar, Director - Marketing &amp; Business Management, CRC Group.


	 


	The repo rate and the reverse repo rate are continually adjusted by RBI in response to shifting macroeconomic circumstances. All economic sectors are impacted each time the RBI modifies interest rates, albeit in different ways. Some market segments profit from the rate increase while others suffer. Even if this move was designed solely to fight inflation, India may endure economic stagnation by the conclusion of the upcoming fiscal year. This, however, might only happen if the inflation-growth scenario remains the same.


	 


	Mr. Prateek Mittal, IIT Alumni, Executive Director, Sushma Group, said, &quot;A marginal 35 basis point increase in the repo rate is hardly going to make any difference. The current total repo rate is only slightly higher than the pre-pandemic levels, and therefore, We don&#039;t see it making any impact on the real estate sector. However, in case the hike ends up achieving the RBI&#039;s stated objective of curtailing inflation, it will definitely be good for the country&#039;s economy. And what is good for the economy will also leave a positive impact on the sector.&quot;


	 


	Mr. Ansh Batra, Director, Buniyad Group, said &quot;The repo rate hike was inevitable but this time RBI has taken a relatively moderate approach by raising it by 35bps which now stands at 6.25 per cent. Earlier, there was an upsurge of 50 basis points in the preceding RBI MPC meetings. Though the approaching intention is correct to ease the inflationary effects which continue to stifle the economy, a proper mechanism needs to be developed to oversee the aftereffects of the hikes, has it been able to achieve the end goals, and how is it impacting the real estate markets. The luxury won&#039;t be affected that much. But the mid-housing markets can be seriously impacted as buyers of the segment would again see increased costs of borrowings and loans. It can further diminish the affordability levels of affordable housing homes.&quot;


	 


	Harvinder Sikka, MD, Sikka Group, said, &quot;RBI raises repo rate by 35bps to 6.25%, although the industry was expecting RBI to remain repo rate to the same. The hike is minimal, we believe that the market would get accustomed to it quite soon. RBI&#039;s move to curb inflation will somehow definitely cost the economic class of society as  ]]></description>
<enclosure url="https://www.newsvoir.com/images/article/image1/22677_iccpl11.jpg" length="49398" type="image/jpeg"/>
<pubDate>Sun, 25 Dec 2022 13:07:19 +0530</pubDate>
<dc:creator>NewsVoir</dc:creator>
<media:keywords>Experts, Reaction, Repo, Rate, Hike:, RBIs, Move, Balance, Inflation</media:keywords>
</item>

<item>
<title>India on the Cusp of Entrepreneurial Revolution: Amarjit Bakshi</title>
<link>https://www.thebizzstories.com/india-on-the-cusp-of-entrepreneurial-revolution-amarjit-bakshi</link>
<guid>https://www.thebizzstories.com/india-on-the-cusp-of-entrepreneurial-revolution-amarjit-bakshi</guid>
<description><![CDATA[ 
	India is on the cusp of an entrepreneurial revolution, and that efforts must be made by all stakeholders including industry, governments and academia to create an ecosystem in order to achieve Prime Minister&#039;s vision of Atmanirbhar Bharat, said Mr. Amarjit Bakshi, CMD, Central Park.


				
		
	Mr. Amarjit Bakshi, CMD, Central Park


	 


	He congratulated DRIIV on its inaugural annual conference &quot;RESOLVE&quot;.


	&quot;Creating the right environment is the key to propelling entrepreneurship. Standalone efforts are currently underway but only by working in unison to create an innovation ecosystem will fast-pace our efforts in enabling and empowering entrepreneurs who work on research and development to help solve problems of national importance,&quot; Mr. Bakshi said.


	The objective of the conference was to showcase DRIIV&#039;s initiatives in sustainability and breakthrough tech innovations and bring together members of the ecosystem who are instrumental in delivering the objective.


	DRIIV (Delhi Research Implementation and Innovation) is an initiative of the Office of the Principal Secretary to the Government of India. It is an umbrella body to manage Delhi Science &amp; Technology (S&amp;T) Cluster.


	&quot;Colleges and universities are fertile grounds for cultivation of ideas and innovation. By creating an environment where ideas can be incubated, accelerated and hand-held at every step, can we achieve our objective of innovation-led entrepreneurial growth in the country,&quot; he added.


	In the day-long conference, issues like the environment and smart cities, sustainable energy, creating an innovation ecosystem, and circular economy were among the several points of discussion. The keynote address was delivered by Principal Scientific Advisor (PSA) to the Government of India Mr. Ajay Kumar Sood.


	&quot;We will create an innovation ecosystem with technology and research being the cornerstone to work in the field of sustainable energy, green mobility, deep tech, healthcare, and waste to wealth, water security, and air pollution among others, issues that will help solve problems that India is currently facing,&quot; Mr. Bakshi added.
   ]]></description>
<enclosure url="https://www.newsvoir.com/images/article/image1/22709_Amarjit-Bakshi-Central%20Park.jpg" length="49398" type="image/jpeg"/>
<pubDate>Sun, 25 Dec 2022 13:07:17 +0530</pubDate>
<dc:creator>NewsVoir</dc:creator>
<media:keywords>India, the, Cusp, Entrepreneurial, Revolution:, Amarjit, Bakshi</media:keywords>
</item>

<item>
<title>Direct Selling Industry in India Continues to Grow: IDSA</title>
<link>https://www.thebizzstories.com/direct-selling-industry-in-india-continues-to-grow-idsa</link>
<guid>https://www.thebizzstories.com/direct-selling-industry-in-india-continues-to-grow-idsa</guid>
<description><![CDATA[ 
	Indian Direct Selling Industry is showing consistent growth. The size of the industry has grown rapidly to over USD 2 billion last year. Indian Direct Selling Association (IDSA) is the association of the direct selling companies in India and is contributing to the growth and the development of this sector.


	Worldwide, the Direct Selling industry is estimated to be over USD$180.5 billion. Indian industry has grown at a CAGR of 15.7% over the past four years despite the COVID-19 pandemic and is likely grown even more rapidly.


	IDSA is a part of World Federation of Direct Selling Associations (WFDSA) that is an international organisation representing the worldwide direct selling industry based in Washington DC. WFDSA was founded in 1978 and is the global trade organisation for the direct selling industry.


	A strong code of ethics is a cornerstone of Direct Selling Industry&#039;s commitment to ethical business practices and consumer protection. IDSA members have to adhere to very strict IDSA Code of Ethics and WFDSA Code of Ethics. The codes are regularly enhanced and updated. There is a thorough redressal mechanism to any violation of the code both with the members and IDSA.


	Direct selling involves the marketing of products and services directly to consumers in a personalised manner, away from permanent retail locations. Member companies of IDSA include companies such as 4Life, Altos, Amway, Avon, Blulife, DXN, Enagic, Glaze, Herbalife, IMC, Jeunesse, K-Link, Modicare, Oriflame, PM International, Tianshi, Tupperware and Unicity. The members comprise of both Indian and international companies.  


	Direct selling is one of largest contributors to self-employment in India. There are over 80 lakh direct sellers in India, with almost 50 per cent of them are women. IDSA also contributes to skill development and personal growth of direct sellers through various programs. IDSA members also have multiple skill development initiatives.


	Mr. Rajat Banerji, Chairman, IDSA, said, &quot;The Direct Selling sector in India is at the threshold of growth. It has provided sustainable self-employment and micro-entrepreneurship opportunities for nearly 80 lakh Indians and has demonstrated consistent and sustained growth with a CAGR of 15.7 percent over the period of last four financial years.&quot;


	IDSA members have a commitment for giving back. Apart from the contribution to the direct sellers, they have been prime contributors to efforts such as women empowerment, health, lowering carbon footprint, education, and others.About IDSAThe Indian Direct Selling Association IDSA is an autonomous, self-regulatory body for the direct selling industry in India. The Association acts as an interface between the industry and policy-making bodies of the Government facilitating the cause of the Direct Selling Industry in India. IDSA strives to create and further an environment conducive to the growth of the direct selling industry in India, partnering with industry and government alike through advisory and consultative activities. IDSA catalyses change by working closely with the government on policy issues, enhancing efficiency and ushering desired credibility, clarity &amp; confidence in Direct Selling.For more information, please visit www.idsa.co.in.
   ]]></description>
<enclosure url="https://newsvoir.com/images/blank-png-1.png" length="49398" type="image/jpeg"/>
<pubDate>Tue, 29 Nov 2022 13:19:35 +0530</pubDate>
<dc:creator>NewsVoir</dc:creator>
<media:keywords>Direct, Selling, Industry, India, Continues, Grow:, IDSA</media:keywords>
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<item>
<title>Digital Prosperity for Asia Launches in India to Tap on The Unrealised Potential of The Digital Economy: Inviting India Digital Companies to Join</title>
<link>https://www.thebizzstories.com/digital-prosperity-for-asia-launches-in-india-to-tap-on-the-unrealised-potential-of-the-digital-economy-inviting-india-digital-companies-to-join</link>
<guid>https://www.thebizzstories.com/digital-prosperity-for-asia-launches-in-india-to-tap-on-the-unrealised-potential-of-the-digital-economy-inviting-india-digital-companies-to-join</guid>
<description><![CDATA[ 
		
			Launched in India on 22 November 2022, the new coalition features 17 digital companies from across Asia. 
	
	
		
			DPA invites Indian and South Asian digital companies to join the coalition and work together with both the business and government communities to achieve India&#039;s vision of creating up to USD 1 trillion in economic value from the digital economy by 2025.
	
	
		
			A New DPA-commissioned report analysing the digital economy in 11 Asia-Pacific (APAC) countries found that over three times the value of the US$586 billion attributed to the region&#039;s digital economy today could have been captured.
	
	
		
			To remedy this, the DPA is inviting industries to work together on finding solutions to realise the full potential of India and the region&#039;s digital economy.
	

	 


	The Digital Prosperity for Asia Coalition (DPA) launched in September 2022. The coalition is the first pan-Asia Pacific (APAC) focused alliance, built by homegrown APAC companies for the prosperity of APAC economies.


				
		
	Digital Prosperity for Asia (DPA) launched its India chapter in Bengaluru on Nov 22, 2022


	 


	Currently, India has 825.3 million Internet subscribers, and 99% of urban India is online, which indicates the immense potential of the Indian market (urban + rural) in terms of growing its digital prosperity.


	 


	The Digital Prosperity for Asia Coalition (DPA) India chapter, launched on 22 November 2022, is positioned to drive a huge wave of digital transformation in India by aligning with the Indian government&#039;s core initiatives such as Digital India; Skill India; Make in India; and Startup India.


	                                                                                                              


	&quot;The initiation of DPA&#039;s India chapter will help provide support to India&#039;s policymakers and the overall industry to maximize the utilization of digital technologies. This new approach will also play a key role in contributing to Prime Minister Modi&#039;s vision of creating a US$5 trillion economy,&quot; said Berges Y Malu, Senior Director of Public Policy at ShareChat.


	 


	The DPA adopts a &#039;Asia centric, local approach&#039; that aims to facilitate engagements and access to local governments, local partners, and local connections, while promoting the growth of home-grown digital brands in order to create local impact for good.


	 


	&quot;Alignment between India&#039;s population and growing digital economy could cascade impact for the country manifold. The programme would rest on 3 pillars primarily: Backing Digital Products &amp; Services for Social Impact; Regional support to enable digital talents and skills among the youth is in line with the government of India&#039;s vision as well as industry requirements and third would be fostering innovation in the start-ups digital economy space,&quot; said Aditya Batura, CEO of Codomo.


	 


	Furthermore, the DPA will promote business-friendly digital policies as government allies to enable a conducive culture of innovation. Being part of the DPA&#039;s India chapter will allow members exclusive access to Policy Advocacy Support and Insights; Exposure to VC&#039;s and Investors; Assistance for Market Expansion; and the opportunity to shape Thought Leadership.


	 


	As part of the inaugural launch, the DPA commissioned and released a report by strategic consultancy AlphaBeta entitled Prosperous APAC: Digital Economy Enablers. The report was developed to quantify the untapped economic potential of APAC&#039;s digital and suggest approaches for governments and industry to fully capture the benefits of the digital economy.


	 


	The report found that APAC&#039;s digital economy has emerged stronger after the COVID-19 pandemic, and that the APAC-11&#039;s total digital economy (representing 11 of APAC&#039;s largest economies Australia, India, Indonesia, Japan, Malaysia, Pakistan, Philippines, Singapore, South Korea, Thailand, and Vietnam) is currently valued at US$586 billion. However, this is only 30% of the full potential of the digital economy today. Looking forward to 2030, the size of the prize grows further - and APAC economies could capture more than US$2.2 trillion for their digital economies.


	 


	The report identifies a new approach: &#039;Digital Prosperity&#039; as a key strategy for APAC economies to adopt in order to fully capture the US$2.2 trillion by 2030. The &#039;Digital Prosperity&#039; approach combines the benefits of flexible regulations, widespread access to global digital technologies, and domestic capabilities and skills. The DPA seeks to promote this approach, and seeks like-minded partners in achieving shared prosperity across the region.


	 


	The current 17 members of the DPA are Accredify, AppMedia, Codomo, CyberLitmus, Doctor2U, Founders Doc, Innovobloc, Kinobi, Madeitdao, Opn, Peoples Health, People&#039;s Inc., Ringkas, ShareChat, Slab, Quickwork, and 3D Makers.


	About Digital Prosperity for Asia (DPA)
 ]]></description>
<enclosure url="https://www.newsvoir.com/images/article/image1/22509_Digital%20Prosperity%20for%20Asia.JPG" length="49398" type="image/jpeg"/>
<pubDate>Fri, 25 Nov 2022 13:13:07 +0530</pubDate>
<dc:creator>NewsVoir</dc:creator>
<media:keywords>Digital, Prosperity, for, Asia, Launches, India, Tap, The, Unrealised, Potential, The, Digital, Economy:, Inviting, India, Digital, Companies, Join</media:keywords>
</item>

<item>
<title>The 7th Edition of the ASCENT Conclave 2022 to be Hosted in Partnership with Dubai Department of Economy and Tourism</title>
<link>https://www.thebizzstories.com/the-7th-edition-of-the-ascent-conclave-2022-to-be-hosted-in-partnership-with-dubai-department-of-economy-and-tourism</link>
<guid>https://www.thebizzstories.com/the-7th-edition-of-the-ascent-conclave-2022-to-be-hosted-in-partnership-with-dubai-department-of-economy-and-tourism</guid>
<description><![CDATA[ 
		
			The partnership is aimed at fostering global market access for Indian, growth-oriented entrepreneurs
	
	
		
			Natarajan Chandrasekaran, Hadi Badri, Namita Thapar, Aman Gupta, Peyush Bansal, Vineeta Singh, Ajit Mohan, Ananth Narayanan, Boman Irani, Meena Ganesh, among others will address the audience under the theme of Thriving on Change.
	

	 


	ASCENT Foundation, a not-for-profit, peer-to-peer entrepreneurial learning platform founded by Harsh Mariwala, Chairman, Marico Ltd., is all set to host the Seventh Edition of its annual flagship event &#039;ASCENT Conclave 2022&#039; that will be held on November 24, 2022 in Mumbai.


	 


				
		
	ASCENT Conclave 2022 to be hosted in partnership with Dubai Department of Economy and Tourism


	 


	The theme of this year&#039;s conclave is to explore how the Indian entrepreneurial ecosystem is designed to be &#039;Thriving on Change&#039; and how that must be embraced by the leaders to create future-proof organizations and leadership styles. After two years of hosting the conclave virtually, it will be back in a bigger and better offline format at the Jio World Convention Center in Mumbai. It will also be streamed live for Pan India entrepreneurs to join virtually. The Conclave is expecting the presence of more than 1200+ like-minded, growth-ready entrepreneurs along with Industry Experts, Thought Leaders and Change Makers to ideate, share and express their journeys and milestones.


	 


	This year&#039;s edition will feature Dubai Department of Economy and Tourism as a Global Partner as Dubai continues to emerge as a global business and talent hub for leading corporates and innovators from around the world. Speaking on the partnership, Hadi Badri, CEO, Economic Development, Dubai Department of Economy and Tourism said, &quot;Dubai continues to play an important role in the entrepreneurial growth story across emerging markets. We are excited to demonstrate to India&#039;s entrepreneurs and investors the opportunity that Dubai offers in the scale up of India&#039;s growth-oriented companies. With its central location, Dubai serves as a gateway to fast growing markets across East and West and has successfully served as an acceleration platform for global scale ups. We have seen an increased momentum of Indian entrepreneurs expanding their teams and operations through Dubai, to benefit from the city&#039;s world class connectivity and robust ecosystem. We look forward to coming together with the members and mentors of the Foundation to exchange best practices and insights to showcase Dubai as an attractive base for Indian businesses to pursue innovation and expansion.&quot;


	 


	Commenting on the specially curated list of speakers, Harsh Mariwala, Founder, ASCENT and Chairperson Marico Ltd. added, &quot;To build a more prosperous and equitable economy in India, our entrepreneur community will need all the empowerment to grow faster. The Conclave is designed to enable entrepreneurs to learn from the leaders and lead the next wave of innovation. As Dubai is one of the top entrepreneurial markets, we have partnered with Dubai Department of Economy and Tourism to bring a global perspective to the entrepreneurs.&quot;


	 


	The keynote session will be delivered by Natarajan Chandrasekaran, Chairman, Tata Sons will share his journey and insights on Leading through Disruption and how he has embedded a culture of customer focus, growth mindset and innovation in his organization. The Conclave will commence with an opening note by Harsh Mariwala, Founder, ASCENT followed by a special session by Boman Irani, the versatile actor sharing insights on &#039;Power of Reinventing Yourself&#039;. The Conclave will then proceed to the interestingly designed panels where Ajit Mohan, Former Meta India will have a fireside conversation around Super Charging a Digital Future with Ananth Narayanan, Mensa Brand. Meena Ganesh, Chairperson, Portea Medical, Nathan SV, Partner and Chief Talent officer, Deloitte India and Ajith Pai, CEO, Delhivery will discuss the Roadmap for a Happy Digital Workforce. The Conclave will end with the Sharks of Shark Tank India - Namita Thapar, Executive Director at Emcure Pharmaceuticals Ltd., Vineeta Singh, CEO, SUGAR Cosmetics, Aman Gupta, Co-founder and CMO, BoAt, and Peyush Bansal, Co-founder and CEO, Lenskart discussing their investment strategies and the need for businesses to adapt to the changing times.


	 


	Inviting the growth-ready entrepreneurs across India, Archanna Das, CEO, ASCENT said, &quot;ASCENT has been committed to developing an environment that supports entrepreneurship and ASCENT Conclave is a testament to the efforts that we do every year wherein we bring the Innovative and Changemaker Leaders of the country to share, inspire and celebrate their entrepreneurial journey. We are elated to partner with Hadi Badri and Dubai Department of Economy and Tourism to foster global market access and networking for our SME and MSME entrepreneurs.&quot;


	 


	About ]]></description>
<enclosure url="https://www.newsvoir.com/images/article/image1/22427_ascent.JPG" length="49398" type="image/jpeg"/>
<pubDate>Sat, 19 Nov 2022 10:57:55 +0530</pubDate>
<dc:creator>NewsVoir</dc:creator>
<media:keywords>The, 7th, Edition, the, ASCENT, Conclave, 2022, Hosted, Partnership, with, Dubai, Department, Economy, and, Tourism</media:keywords>
</item>

<item>
<title>Caribbean Countries Provide more Global Exposure to Indian Investors: CS Global Partners</title>
<link>https://www.thebizzstories.com/caribbean-countries-provide-more-global-exposure-to-indian-investors-cs-global-partners</link>
<guid>https://www.thebizzstories.com/caribbean-countries-provide-more-global-exposure-to-indian-investors-cs-global-partners</guid>
<description><![CDATA[ 
	As globalisation creates new opportunities for world trade and investment, an ever-increasing number of high-net-worth individuals are looking to diversify their wealth and investment options through Citizenship by Investment (CBI). While various opportunities for investment present themselves, many individuals and business people have turned towards programmes and projects offering economic citizenship.


	 


	CBI is a turnkey solution for high-net-worth individuals where citizenship can be granted within 3 months subject to stringent due diligence. Allowing the investor to then safeguard their family, increase global mobility therefore more business opportunities. Education for ones child is always of paramount importance to Indian nationals and again CBI opens up the world for this.


	 


	This is equivalently the case for businessmen in India. However, the country also has one of the largest and most successful diasporic populations in the world, with a number of Indians choosing to migrate to other countries for educational, business and career purposes. Across countries like the US, the UK and Canada, people of Indian origin have been appointed to the highest ranks of business and society, among them the CEOs of multinational corporations like Google and Starbucks.


	 


	Indeed, India is no stranger to global migration. With a history of migration stretching back to its colonial past, Indians have for centuries been travelling to different countries across the globe. For some time now, Indian students have also been travelling overseas, more often than not settling in their country of education to benefit from the better opportunities, jobs and career pathways available to them in these countries.


	 


	But now thousands of high-net-worth individuals (HNWIs) from India are also dipping their toes into foreign waters with the goal of diversifying their wealth. This is increasingly the case, since the country hosts a rapidly increasing number of millionaires. In 2021, India had over 796,000 millionaires; this is estimated to grow by 105% to 1.6 million in 2026. A significant number of these HNWIs are entrepreneurs or investors who have grown their wealth by financing different types of digital payment. 


	 


	As these individuals look to expand their fortunes, alternative citizenship has come to be viewed as a distinct asset. With the difficulties of doing business in India multiplying - an increase in compliance issues, tightening government regulations, excessive paperwork, cumbersome travel permits and extensive processing times - citizenship by investment has become a &quot;must have&quot; for many business people. While alternative citizenship can alleviate these difficulties, many business owners also seek citizenship by investment to expand their business infrastructure and increase the opportunities available to them.


	 


	Government data shows that in 2021 more than 1,63,370 Indians gave up their citizenship to become citizens of other countries. These numbers will continue to rise as people strive to secure access to quality healthcare, career advancement, more advanced education facilities and better opportunities for their children and themselves. Adding to this, becoming a citizen of another country has become easier for Indians since the government launched its Overseas Citizens of India Card (OCI Card).


	 


	Migration to other countries therefore remains one of the most sought-after ways to diversify wealth. Millions across the globe, including business owners, new-age entrepreneurs, corporate executives and skilled professionals, are expanding and transforming their business presence in other countries. While the reasons for business migration vary, many individuals are motivated by the promise of a better life and lifestyle.


	 


	This is especially the case since the pandemic. The sudden and unexpected onset of COVID-19 shook much of the world from its peaceful slumber, making many aware of the ground realities of their situation. Since then, HNWIs and business owners increasingly appreciate the value of spreading their financial assets and broadening their business horizons.


	 


	For some time now, many HNWIs have opted for economic citizenship as a backup, an option that can be leaned upon in emergency situations. For instance, if another pandemic were to strike, an economic crisis were to rattle the world economy or the political or regional instability in Ukraine were to spread, then overseas citizenship or permanent residency would provide a valuable fall back plan.


	 


	In these times of uncertainty citizenship by investment programmes can provide much-needed security and an effective means for wealthy individuals to protect their investments. In fact, Citizenship by Investment (CBI) Programmes have experienced a boom over the last few years, with wealthy investors from emerging markets contributing to thi ]]></description>
<enclosure url="https://newsvoir.com/images/blank-png-1.png" length="49398" type="image/jpeg"/>
<pubDate>Thu, 13 Oct 2022 16:01:26 +0530</pubDate>
<dc:creator>NewsVoir</dc:creator>
<media:keywords>Caribbean, Countries, Provide, more, Global, Exposure, Indian, Investors:, Global, Partners</media:keywords>
</item>

<item>
<title>Uplifting the Youth of Saint Lucia</title>
<link>https://www.thebizzstories.com/uplifting-the-youth-of-saint-lucia</link>
<guid>https://www.thebizzstories.com/uplifting-the-youth-of-saint-lucia</guid>
<description><![CDATA[ 
	Countries across the globe have recognised the importance of investing in their youth. Beyond providing basic amenities such as healthcare, education, employment and housing to their citizens, developing economies need to act purposefully to uplift their young populations. These efforts largely define how rapidly a nation will advance.


	 


				
		
	Saint Lucia


	 


	From this perspective, the government of Saint Lucia is proactively investing in its citizens - with its youth at the top of its list of priorities. The country is advancing at a significant pace, particularly in terms of infrastructure development and its economic undertakings. This growth and development are directly linked to its Citizenship by Investment Programme (CIP), launched in 2016.


	 


	The major inflow of funds generated by the Citizenship by Investment Programme has propelled Saint Lucia&#039;s economy, promising a brighter future ahead for its young population.


	 


	Rates of employment on the island have improved significantly over the last few years. This is directly linked to the development of various multi-million dollar projects. These projects have been stimulated by foreign investment generated by the country&#039;s CIP.


	 


	The advancement of infrastructure is opening a wide range of opportunities not only for investors but also for the country&#039;s youth across a diverse range of industries which include hospitality, service, architecture, banking, and broadcasting.  Saint Lucia is growing, and so too are its people.


	 


	Recently, the Global Hyatt group signed plans to construct the 345-room Grand Hyatt luxury hotel in Saint Lucia. The project will provide employment for at least 2000 of the island&#039;s citizens through opportunities in construction, operations and management. While providing a major boost to the economy, it will also create significant opportunities for aspiring youth to grow professionally and achieve financial independence. This is just one of the many examples of how foreign investment is directly benefitting the country.


	 


	Mathurin is a media and communications professional in Saint Lucia who is reaching new heights in her career. She has expressed confidence about the role that the CIP plays.


	 


	&quot;It makes me so happy every time when our talent and accomplishments are celebrated. For me as a young Saint Lucian, as a young creator, I am looking forward to projects like CIP helping us channel resources in the right direction,&quot; said Mathurin.


	 


	Mathurin looks forward to the programme providing her with a wider platform to exhibit her talents and further hone her skills. With the development and growth of CIP in Saint Lucia, she is just one of the country&#039;s young professionals who will benefit from the increased investment.


	 


	Saint Lucia&#039;s Citizenship by Investment Programme allows foreign investors to become citizens of the country in exchange for investing in the country&#039;s economy. It is a much sought-after programme, ranking third in the CBI Index of 2022 and scoring 87% with 78 points.


	 


	The CBI Index is released annually by the Professional Wealth Management Magazine (PWM), published by the Financial Times. It provides a comprehensive evaluation of citizenship by investment programmes in thirteen jurisdictions.


	 


	The Index compares jurisdictions according to nine parameters, known as the &quot;nine pillars of excellence&quot;. These include: the minimum investment outlay, the extent to which investors can obtain citizenship for family, the timeline for securing citizenship, the due diligence of the process, ease of processing, freedom of movement within and between countries, mandatory travel or residence conditions, and the certainty and robustness of the programme.


	 


	Saint Lucia has particularly excelled in the minimum investment outlay, freedom of movement and ease of processing pillars. This excellent score has drawn a diverse range of individuals with adequate resources to invest in the country. The programme has thus proved mutually beneficial - helping both the country and investors.


	 


	The establishment of wider business networks is yet another aspect of the programme from which young Saint Lucians profit. CIP investors often bring significant entrepreneurial networks from their respective fields to the country. Working and collaborating with investors thus provides a great platform for existing businesses to grow, stimulating the development of new businesses and industries as well. While investors receive a stable and secure environment from which to operate their businesses, young professionals have the opportunity to learn from experts in their field and to grow to their maximum capacity.


	 


	Since the COVID-19 pandemic, the government&#039;s emphasis has also shifted towards developing and uplifting public health infrastructure and services. CIP funds are t ]]></description>
<enclosure url="https://www.newsvoir.com/images/article/image1/21881_lucia%2001.JPG" length="49398" type="image/jpeg"/>
<pubDate>Fri, 30 Sep 2022 20:42:03 +0530</pubDate>
<dc:creator>NewsVoir</dc:creator>
<media:keywords>Uplifting, the, Youth, Saint, Lucia</media:keywords>
</item>

<item>
<title>Kuvera Survey Shows Online Platforms Preferred Choice of Millennials</title>
<link>https://www.thebizzstories.com/kuvera-survey-shows-online-platforms-preferred-choice-of-millennials</link>
<guid>https://www.thebizzstories.com/kuvera-survey-shows-online-platforms-preferred-choice-of-millennials</guid>
<description><![CDATA[ 
	Kuvera.in, India&#039;s fastest growing investment platform, has released the results of its recently concluded survey aimed at better understanding investor behaviour as well as the desires and goals of individuals who invest along with preferred investment options. The survey, which saw 5,559 respondents across 8 cities, clearly cited online platforms such as Kuvera.in as the preferred investment route for millennial investors with 9 out of 10 participants preferring to use it.


	 


				
					Key highlights: 

				
						
							9 out of 10 survey participants prefer investing via online investment platforms
					
					
						
							Direct plans are in vogue with 88 percent respondents favoring them over regular plans
					
					
						
							Index funds are yet to catch up with only 1 in 4 (25 percent) investing in them
					
					
						
							Lesser women (5 out of 10 - 48 percent) compared to men (6 out of 10 - 61 percent) do monthly SIPs of more than Rs 10,000
					
					
						
							5 out of 10 (51 percent) respondents invest in MFs to grow wealth, 4 out of 10 (45 percent) to meet financial goals 
					
					
						
							5 out of 10 (55 percent) respondents in the 36-43 age group are investing for home, marriage, retirement and other goals
					
				
		
	The survey showed that direct plans are in vogue with 8 out of 10 respondents favouring them over regular plans. Index funds, which have been the flavour of the season, are yet to catch up with only 1 in 4 participants investing in them. Growth funds remain the preferred investment tool with 6 out of 10 respondents investing in it. Just 4 percent of respondents cited sector funds and value funds as an investment tool of choice while international funds came a cropper with just 2 percent opting for it.


	 


	Commenting on the survey, Gaurav Rastogi, Founder and CEO, Kuvera.in said, &quot;As investment tools become more accessible, we are seeing an increase in investors opting for online platforms such as Kuvera.in to make smart investment decisions. Interestingly, we are also seeing fiscal discipline in investors with almost 50 percent opting to invest in mutual funds to grow their wealth and 45 percent to meet their financial goals. Tried and tested direct plans and growth funds find favour with investors as investment tools, over regular, sectoral, value and international funds.&quot; 


	 


	Financial goals and growing wealth remains the top-most priority for investors, with just about 2 percent investing for tax savings. 55 percent respondents in the age group 36-43 are investing for their financial goals such as home, marriage and retirement, 59 percent in the age group of 44 and above are investing to grow their wealth. Region-specific trends showed that investing for &#039;financial goals&#039; are important for people in Chennai (62 percent) and Hyderabad (52 percent) while growing wealth appealed to most in Delhi (61 percent), Ahmedabad (55.31 percent), Bengaluru (53.54 percent), Kolkata (52.94 percent) and Mumbai (52.63 percent). The concept of goal-based investing also resonates well with the survey participants, with as many as 4,578 out of 5,559 respondents according it a value between seven and nine on a scale of one to nine. As many as 2,568 people marked it nine.


	 


	Demographically, a good 79 percent of those at 44 years and above preferred growth funds. In a contradictory trend compared to others, 11 percent respondents younger than 25 years of age prefer sector funds; 6 percent in that age group prefer value funds. Only 2-4 percent respondents in other age groups prefer such funds. Interestingly, the survey participants are well aware of the difference between direct and regular funds with a whopping 88 percent choosing them as they are cheaper than their regular counterparts when it comes to the expense ratio.


	 


	Another interesting investing pattern is that 42.57 percent said past performance of the fund is a key determinant for investing in mutual funds. Around half of the 5,559 respondents looked at reputation of the fund house, fund criteria and fund manager&#039;s investment style. Only a miniscule (1.13 percent) track all determinants - which would be the right way to go when investing in a mutual fund scheme. Respondents in Chennai, Hyderabad and Bengaluru accord more importance to the fund house, fund criteria and fund manager&#039;s investment style over past performance.


	 


	In what again shows more fiscal discipline and that young India is not just a saver, but also investing to secure their future; around 60 percent of survey participants invest in an SIP of Rs. 10,000 and above in mutual funds. Region-wise, Bengaluru is an outlier where a whopping 73 percent respondents invest more than Rs. 10,000 through SIP. Data collated separately for women are in line with the overall trend. However, even though the highest number of women (48 percent) are doing SIPs of mo ]]></description>
<enclosure url="https://newsvoir.com/images/blank-png-1.png" length="49398" type="image/jpeg"/>
<pubDate>Fri, 30 Sep 2022 20:42:01 +0530</pubDate>
<dc:creator>NewsVoir</dc:creator>
<media:keywords>Kuvera, Survey, Shows, Online, Platforms, Preferred, Choice, Millennials</media:keywords>
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<item>
<title>Post&#45;Union Budget Quote from Mr. Venu Srinivasan, Chairman, TVS Motor Company</title>
<link>https://www.thebizzstories.com/post-union-budget-quote-from-mr-venu-srinivasan-chairman-tvs-motor-company</link>
<guid>https://www.thebizzstories.com/post-union-budget-quote-from-mr-venu-srinivasan-chairman-tvs-motor-company</guid>
<description><![CDATA[ 
				
		
				Mr. Venu Srinivasan, Chairman, TVS Motor Company
		
	&quot;Union Budget 2022 sets the pace for the Indian Economy&#039;s growth trajectory amidst the challenges brought forth by the pandemic. The big boost to capital expenditure is welcome and it would give a fillip to the Indian economy.  For the automobile sector, we welcome the &#039;PM Gati Shakti Master Plan&#039; focusing on building world-class infrastructure and improved connectivity for commuters. The strong push towards augmenting agricultural productivity should help enable buoyant rural demand.  In the electric mobility space, we strongly support the measures undertaken by Government to promote clean and green mobility, mainly introducing the battery-swapping policy will be instrumental in supporting an efficient EV ecosystem. There is an impactful thrust towards renewable energy incentives with an increased focus on reducing infrastructural waste for a greener tomorrow. We appreciate the Government&#039;s vision of building the skilling ecosystem for youth in India, which will play a critical role in driving innovation in the industry.&quot; - Venu Srinivasan, Chairman, TVS Motor Company.
   ]]></description>
<enclosure url="https://www.newsvoir.com/images/article/image1/19232_ii.jpg" length="49398" type="image/jpeg"/>
<pubDate>Thu, 21 Jul 2022 22:42:09 +0530</pubDate>
<dc:creator>NewsVoir</dc:creator>
<media:keywords>Post-Union, Budget, Quote, from, Mr., Venu, Srinivasan, Chairman, TVS, Motor, Company</media:keywords>
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<item>
<title>Union Budget 2022 will Pay Off on Long Term as per Industry Honchos of India</title>
<link>https://www.thebizzstories.com/union-budget-2022-will-pay-off-on-long-term-as-per-industry-honchos-of-india</link>
<guid>https://www.thebizzstories.com/union-budget-2022-will-pay-off-on-long-term-as-per-industry-honchos-of-india</guid>
<description><![CDATA[ 
	The Union Budget for fiscal 2022-23 is certainly a growth-oriented budget and it addresses the urgent need of boosting infrastructure and urban capacity building. With its focus on inclusive development and, productivity enhancement the budget has rightly addressed the issues of the industry post-pandemic.


	 


				
		
	Budget 2022-2023


	 


	Moreover, the industry doyens have in the meanwhile opined that the budget will ensure more investment and infrastructure growth that will offer a progressive blueprint of economy of India in the long run.  


	 


	Mr. Ashish Bhutani, Chief Executive Officer at Bhutani Group said, &quot;Budget 2022-23 is definitely a futuristic budget with its focus on infrastructure, warehousing, logistics and urban planned development besides improving connectivity through Gati-Shakti masterplan for expressways. Further, we welcome the honourable Finance Minister&#039;s announcement of the allocation of Rs. 48000 crore for housing projects under PM Housing Scheme. In a nutshell, all these initiatives will improve demand in the real estate sector in the long run while encouraging the thrust on tier-2 and 3 cities where revamped urban planning and design has been envisaged for capacity building.&quot;


	 


	Mr. Ajay Chaudhary, Chairman and Managing Director, Ace Group reiterated, &quot;The budget presented by the honourable finance minister enframe&#039;s a much promising future for the real estate industry with the much introspected PM Housing Scheme which accrues a huge allocation of Rs. 48000 crore in FY-23 for housing projects apart from single-window green clearances. This move will help the real estate sector streamline the construction of affordable homes.&quot;


	 


	Mr. Rizwan Sajan, Founder and Chairman, Danube Group said, &quot;Budget 2022-23 has the provisions for the modernisation and upgradation of the country&#039;s infrastructure that will fuel more demand in the real estate sector which is expected to reach US$ 1 trillion in market size by 2030.&quot;


	 


	Mr. Sanjay Gupta, CMD, APL Apollo commented, &quot;The boost in the infrastructure allocation presented by the honourable finance minister in the budget shall create a formidable positive impact on the industry creating more demand than before as the capital expenditure growth announced by the government shall be beneficial for the steel sector.&quot;


	 


	Mr. Anshul Gupta, Director, Okaya Power Pvt Limited added, &quot;We welcome Union Budget 2022-23 for its focus on the growth of renewable energy and especially the electric mobility through the announcement of the battery swapping policy that will surely boost the EV adoption in the country. All these initiatives are in sync with the government&#039;s endeavour to encourage the use of electric vehicles in both personal and commercial segments with aim to realise the vision of making India a 100 per cent e-vehicle nation by 2030.&quot;


	 


	&quot;Union Budget 2022-23 has given the much needed boost to EV industry with the upcoming policy on battery swapping. The policy will help drive the wide-scale adoption of EV batteries while it will also reduce the upfront ownership cost of EVs. The government&#039;s intention to develop special mobility zones for electric vehicles is another encouraging move for the industry. Moreover, the creation of Zero emission zones in the cities will further help drive demand for electric vehicles and EV batteries,&quot; added Mr. Deepan Garg, Director, Ruchira Green Earth.


	 


	Mr. Rajendra Mehta, Director-Sales &amp; Marketing, Glowderma opined, &quot;Budget 2022-23 is here to transform the healthcare sector with its allocation of Rs 64,180 crore to be spent over the next six years to improve healthcare services. We look forward to a sizeable growth in the coming months supported by this generous initiative by our honourable finance minister.&quot;


	 


	Mr. Ajit Gupta, CMD, Ajit Industries said, &quot;With the balanced and sensible allocation in various sector of economy in the current budget the future for packaging sector also seems very lucrative. The provisions of incentivising exports, besides exemptions provided on various items including packaging boxes has thrown open a window of opportunities for the packaging industry.&quot;


	 


	Mr. Kapil Jain, CEO, Nicholas Healthcare added, &quot;Healthcare sector is expected to be encouraged by the budget with the boost provided by its significant provisions that will lead to continued investment in capacity expansion in various segments leading to an exponential growth.&quot;


	 


	Mr. Naresh Kumar Garg, Managing Director, Pearl Precision concluded, &quot;We welcome the Budget 2022-23 as it has accommodated a wide range of measures that shall inevitably contribute towards the growth trajectory of the industry. We look forward to achieving a better ROI in the months ahead.&quot;
   ]]></description>
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<pubDate>Thu, 21 Jul 2022 22:42:08 +0530</pubDate>
<dc:creator>NewsVoir</dc:creator>
<media:keywords>Union, Budget, 2022, will, Pay, Off, Long, Term, per, Industry, Honchos, India</media:keywords>
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<item>
<title>Industry Hails Growth&#45;oriented Budget</title>
<link>https://www.thebizzstories.com/industry-hails-growth-oriented-budget</link>
<guid>https://www.thebizzstories.com/industry-hails-growth-oriented-budget</guid>
<description><![CDATA[ 
	Budget 2022 has been a budget towards growth, digitization, and financial inclusion in the country. Infrastructure, clean energy, employment, BFSI and digital have been given a huge boost. Government&#039;s announcement of creating employment will go a long way in solving the employment issues the country have been facing for the last two years.


				
		
	Budget 2022


	This is what the industry has to say on the budget announcement:


	Aankush Ahuja, Director of Business Development and Investments hBits


	The budget has been able to deliver a lot of promises for farmers, SMEs, infrastructure, e-vehicles and digital currency. The extension of one year of tax holiday for start-up in taxation is a welcome step. Real-estate sector, whether commercial or housing runs on a sentiment and with so many sectors receiving budgetary support, it will definitely go a long way for the real-estate sector as well. On the commercial real-estate side, the business has picked up to pre-COVID levels and with the improving COVID situation; it will see an upsurge this year.


	Sakshee Katiyal, CEO, Home and Soul


	Finance Minister has been generous in allotting INR 48 thousand crore under PMAY which is expected to boost activity in real-estate sector and generate employment. Another commendable initiative is to allocate INR 60 thousand crore to provide tap water connections to 3.8 crore households, which is right for every individual. The taxation on digital assets seems to be reasonable, considering an outright ban has not been imposed.


	Ravi S Raghvan - Partner, Majmudar &amp; Partners


	Taxation of virtual digital assets on transfer and gifts is welcome. Clarification that health and education cess will not be allowed as a deductible expenditure will override various tax cases but should not be an issue.


	Sanya Aeren, India&#039;s Chief Advisor, Berkshire Hathaway HomeServices Orenda


	Budget 2022 is a budget towards Atmanirbhar bharat, where infrastructure, employment, clean energy and digital have been given major boost. 2,000 km of rail network under indigenous world-class technology KAWACH; new Vande Bharat trains can revolutionize Indian infrastructure and tourism in the next three years. Use of digital in agriculture, digital payments, and infrastructure will help in increasing India&#039;s status as a digital economy. INR 48,000 crore allotted for PM Avas Yojana will give more boost to affordable housing. Focus on upskilling youth, national Tele Mental Health program for mental health, are commendable towards supporting today&#039;s country&#039;s youth.


	Hemant Sood - Managing Director, Findoc 


	This is one of the most positive and growth-oriented budgets from Finance Minister and Modi Government. We feel the budget has been able to address a number of issues, especially after the pandemic slowdown. The Government has given good focus on infrastructure, jobs, banking industry, farmers and people needing Government&#039;s support. The sectors which will be highly benefiting from these announcements include infrastructure, banking and real-estate. With the announcement of Emergency Credit Line Guarantee Scheme extended till March 2023, it will benefit MSMEs as well. The Government has been able to nail almost all the issues in the economy. We expect stock markets to respond positively in the coming days, due to a pragmatic budget. It is the right time for the investors to pick value stock in these sectors.


	Aatur Thakkar- Co-founder and Director, Alliance Insurance Brokers


	This budget is towards stimulating the economy towards a growth rate. FM&#039;s budget has tried to boost the economy by announcing more opportunities for employment, strengthening infrastructure which in turn will again boost development and employment. The hike in capital expenditure will also boost the economy and build pool of private investments into various sectors. Boosting infrastructure, digitization, agriculture, hike in capex will further help in managing sentiments of industries and individuals, and positive sentiments will be back in the economy.


	Nusrat Hassan, Co- Managing Partner, Link Legal


	Extension of the ECLGS and expansion of the cover is a welcome move for hospitality industry in recovering from the severe setback due to COVID, as this will boost their cash flow and working capital requirements. 
   ]]></description>
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<pubDate>Thu, 21 Jul 2022 22:42:08 +0530</pubDate>
<dc:creator>NewsVoir</dc:creator>
<media:keywords>Industry, Hails, Growth-oriented, Budget</media:keywords>
</item>

<item>
<title>Realtors&amp;apos; Relying on Budget&amp;apos;s Infra Focus to Open New Avenues</title>
<link>https://www.thebizzstories.com/realtors-relying-on-budgets-infra-focus-to-open-new-avenues</link>
<guid>https://www.thebizzstories.com/realtors-relying-on-budgets-infra-focus-to-open-new-avenues</guid>
<description><![CDATA[ 
	The real estate sector did not get anything directly from the Budget 2022-23, except for the announcement related to affordable housing. However, the realtors are showing optimism based on the Government&#039;s stance toward boosting economic growth and spending on infrastructural development.


	 


				
		
	Realtors Relying on Budgets Infra Focus to Open New Avenues


	 


	&quot;We congratulate the FM for coming up with a Budget with a focus on overall economic health; the announcement will lead to better-earning opportunities for people directly impacting the retail sector. We can see the retail and commercial segment moving to more Indian cities as infrastructure will improve after various announcements in the Budget. Though there was not much in terms of tax savings for people, overall economic growth will lead to increased income that will support retail consumption,&quot; said Abhishek Bansal, Executive Director, Pacific Group.


	 


	Added Yash Miglani, MD, Migsun Group, &quot;We appreciate the efforts of Finance ministry for boosting the overall economy of nation with this budget. Although, the real estate sector has not been directly benefited, but infra, urban planning measures introduced will add to the profits of industry. In 2022-23, 80 lakh households will be identified for the affordable housing scheme under PM Awas Yojana. This will be giving multiple job opportunities to the construction workers and contractors on a large scale.&quot;


	 


	This year&#039;s budget focus was more on boosting the overall infrastructure, urban planning etc. not just in metros but also to Tier II-III cities. &quot;The measure of setting up a high-level committee for urban planners and economists to be formed for recommendations on urban capacity building, planning implementation, and governance is a giant leap to introduce modern urban planning structures. Overall, the Union Budget 2022-23 had a mixed bag of announcements for the real estate sector, much was expected on the terms of single window clearance, industry status and tax incentives which did not come through,&quot; said Uddhav Poddar, MD, Bhumika Group.


	 


	Realtors were expecting some incentives in the aftermath of the current challenging situation and when demand is going through an upward graph. The unanimous view is that improving highways and infrastructure will open new horizons for the sector.


	 


	&quot;We anticipated a budget that is both people and business-friendly; the current Budget made it clear that economic growth is the prime focus as the Economic Survey projected a GDP growth of 8-8.5 per cent in the next fiscal. The emphasis on improving transport infrastructure, including highways, will go a long way in creating sustainable pockets of real estate development. Though there was no announcement related to the sector, we are hopeful that job creation and the announcement of Ease of Doing Business 2.0 will lead to increased demand,&quot; said Amarjit Bakshi, CMD Central Park.


	 


	The Budget will help in overall economic growth; ECGL extension will help the manufacturing sector or COVID affected sector. &quot;Allocation for infrastructure has increased, including the announcements related to the expansion of highways. As far as the real estate sector is concerned, Government has allocated Rs 48,000 crore fund for PMAY and the completion of 80 lakh affordable houses by 2023. The sector will benefit as demand will increase due to infrastructural development and the launch Ease of Doing Business 2.0, which will lead to income generation,&quot; said Kunal Bhalla, CEO &amp; Founder, CRC Group.


	 


	This years Budget laid emphasis on holistic infrastructure development not only in metros but also focused on Tier-II and Tier-III cities by encouraging urban planning etc. &quot;The establishment of a high-level committee for urban planning comprising planners, economists etc highlights the immense potential sector holds. Overall, there was a mixed bag of announcements for the real estate sector in the Union Budget 2022-23. Some of the long-standing demands of our real estate community like single window clearance, industry status allotment and tax incentives did not materialise even during this year&#039;s Budget,&quot; said Gurucharan Singh, Director, Maasters Infra.
   ]]></description>
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<pubDate>Thu, 21 Jul 2022 22:42:07 +0530</pubDate>
<dc:creator>NewsVoir</dc:creator>
<media:keywords>Realtors, Relying, Budgets, Infra, Focus, Open, New, Avenues</media:keywords>
</item>

<item>
<title>Budget 2022 Focusses on Digitalization, Set to Provide Definite Boost for Start&#45;Ups in India</title>
<link>https://www.thebizzstories.com/budget-2022-focusses-on-digitalization-set-to-provide-definite-boost-for-start-ups-in-india</link>
<guid>https://www.thebizzstories.com/budget-2022-focusses-on-digitalization-set-to-provide-definite-boost-for-start-ups-in-india</guid>
<description><![CDATA[ 
	The much anticipated Union budget 2022 has been termed as progressive, people friendly and Finance Minister Nirmala Sitharaman said a conscious decision was taken not to increase taxes because of the hardship that people have been facing due to the pandemic.


	 


				
		
	Mr. Amit Vasistha, Founder and CEO of GALF


	 


	Where the budget has spoken about the Mental wellness programs which is evidently the need of the hour.It also spoke about the start-ups and how the tax incentive being extended to help them during these tough times.


	 


	Mr. Amit Vasistha, Founder &amp; CEO of GALF, the aim of which has always been a 360 degree holistic wellness talked about how the open platform for the National Digital Health Ecosystem being rolled out is a step in the right direction, as it will provide better access to healthcare facilities. The National Tele Mental Health program is also a much-awaited move which will increase awareness about mental health, and provide access to mental health services regardless of distance. He added, &quot;The budget certainly reaffirms our faith in the governments commitment to give the utmost priority to the healthcare industry.&quot;


	 


	And the best part of the budget is the corporate tax relaxation, SEZ clause reviews and infra heavy budget which will benefit job creators and also bringing in more blue coloured employment opportunities.


	 


	Mr. Rajnish Virmani, Managing Partner of Positive Momentum commented on how the announcement has given Digital India required boost. &quot;The pandemic has taught us that Digital approach can supplement and accelerate traditional growth of the economy.&quot; 


	 


	RBI planning to launch a digital currency, the initiative to set up 75 digital banking units in 75 districts will all play a vital role in digitalization. From a telecom sector perspective, the 5G spectrum auction, 100 percent fiber with PPP model will provide further motivation towards digitalization.


	 


	Ms. Sumbul Siddiqui Co-founder and Chief Executive of Knosh shared her thought saying, &quot;The focus to boost employment through the Production Linked Incentive (PLI) Scheme for achieving Aatmanirbhar Bharat, with potential to create 60 lakh new jobs and additional production of 30 lakh crore during next Keycap digit five years is definitely something that India had been looking for.&quot;
   ]]></description>
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<pubDate>Thu, 21 Jul 2022 22:42:07 +0530</pubDate>
<dc:creator>NewsVoir</dc:creator>
<media:keywords>Budget, 2022, Focusses, Digitalization, Set, Provide, Definite, Boost, for, Start-Ups, India</media:keywords>
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<item>
<title>“TN to be a $1 Trillion economy by 2030”: Tamil Nadu Minster at OSH &amp;amp; SAFE South India 2022</title>
<link>https://www.thebizzstories.com/tn-to-be-a-1-trillion-economy-by-2030-tamil-nadu-minster-at-osh-safe-south-india-2022</link>
<guid>https://www.thebizzstories.com/tn-to-be-a-1-trillion-economy-by-2030-tamil-nadu-minster-at-osh-safe-south-india-2022</guid>
<description><![CDATA[  ]]></description>
<enclosure url="https://www.thebizzstories.com/uploads/images/2022/06/image_750x500_62b1c18f817a8.jpg" length="60313" type="image/jpeg"/>
<pubDate>Tue, 21 Jun 2022 18:34:55 +0530</pubDate>
<dc:creator>TBS Staff</dc:creator>
<media:keywords></media:keywords>
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<item>
<title>Andhra Pradesh Eyes Investment Opportunities from India Pavilion</title>
<link>https://www.thebizzstories.com/andhra-pradesh-eyes-investment-opportunities-from-india-pavilion</link>
<guid>https://www.thebizzstories.com/andhra-pradesh-eyes-investment-opportunities-from-india-pavilion</guid>
<description><![CDATA[ 
	The state of Andhra Pradesh is ready to showcase its development and immense business opportunities to the global investors during its participation at India Pavilion in EXPO2020 Dubai.


				
		
	Inauguration of Andhra Pradesh Week at India Pavilion in EXPO2020 Dubai


	The state&#039;s floor at the India pavilion was inaugurated yesterday by Shri Mekapati Goutham Reddy, Minister of Commerce and Information Technology, Government of Andhra Pradesh along with H.E. Dr Thani Bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, H.E. Dr Ahmed Albanna, UAE Ambassador to India and Shri Sunjay Sudhir, India Ambassador to the UAE.


	 


	Shri Zulfi Ravdjee, Advisor to Government of Andhra Pradesh &amp; Special Representative to Government for Middle East &amp; Far East Countries and Shri JVN Subramanyam, Vice Chairman &amp; Managing Director, Andhra Pradesh Industrial Infrastructure Corporation (APIIC) &amp; CEO Andhra Pradesh Economic Development Board (APEDB) along with other senior government officials from the state were also present at the inaugural ceremony.


	 


	Inaugurating the Andhra Pradesh floor, Shri Mekapati Goutham Reddy said, &quot;Under the able leadership of our Hon&#039;ble Prime Minister, Shri Narendra Modi, India has achieved remarkable progress across economic and social development metrics and continues to develop as a powerhouse in the world economy. The state of Andhra Pradesh has strong governance, strategic locational advantages, robust infrastructure, thriving industrial &amp; business ecosystem, skilled manpower and immense potential for growth across key sectors. I am confident that the state floor at India Pavilion will project Andhra Pradesh in a new perspective, open new opportunities for business and establish new relationships with industry &amp; governments.&quot;


	 


	&quot;Andhra Pradesh is blessed with abundant natural resources, mineral wealth, and presents a low-risk and easy environment for businesses to grow. We are poised to exchange strengths and are looking forward to long term business relationships with global investors,&quot; he added.


	 


	Shri JVN Subramanyam, said, &quot;It is a great privilege for Andhra Pradesh to participate in EXPO2020 Dubai. Andhra Pradesh is one of the nine industrialized states in India, which is also helping the country to realize its $5 trillion economy mission. The state&#039;s floor at India Pavilion depicts our key pillars of governance and development in the state, which will support us to partner with global investors.&quot;


	 


	The state will be making a strong pitch to the global investors during the week by showcasing its business capabilities along with its tradition and culture through a series of events exhibiting opportunities across key focus sectors including Automobile, Food Processing, Textiles, Healthcare, Information Technology and Capital Goods among other to forge new partnerships.


	 


	Along with showcasing the business attractiveness, the state will also exhibit its rich cultural heritage to the global audience through India Pavilion.


	 


	The Andhra Pradesh week will conclude on 17th February 2022.


	 


	To know more about India Pavilion at EXPO 2020 Dubai, please visit


	Website - www.indiaexpo2020.com


	Facebook - www.facebook.com/indiaatexpo2020


	Instagram - www.instagram.com/indiaatexpo2020


	Twitter - twitter.com/IndiaExpo2020s=09


	LinkedIn - www.linkedin.com/company/india-expo-2020/viewAsMember=true


	YouTube - www.youtube.com/channel/UC6uOcYsc4g_JWMfS_Dz4Fhg/featured


	Koo - www.kooapp.com/profile/IndiaExpo2020To know more about EXPO 2020 Dubai, please visit - www.expo2020dubai.com/en.
   ]]></description>
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<pubDate>Sun, 22 May 2022 11:48:31 +0530</pubDate>
<dc:creator>TBS Staff</dc:creator>
<media:keywords>Andhra, Pradesh, Eyes, Investment, Opportunities, from, India, Pavilion</media:keywords>
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<item>
<title>Pepper Content in Collaboration with Classplus Empowers a USD 150 Million a Year Creator Economy with a 20 Lakh Grant</title>
<link>https://www.thebizzstories.com/pepper-content-in-collaboration-with-classplus-empowers-a-usd-150-million-a-year-creator-economy-with-a-20-lakh-grant</link>
<guid>https://www.thebizzstories.com/pepper-content-in-collaboration-with-classplus-empowers-a-usd-150-million-a-year-creator-economy-with-a-20-lakh-grant</guid>
<description><![CDATA[ 
	Pepper Content, the world&#039;s largest content marketplace, today announced the launch of a 20 lakh grant in collaboration with Classplus, a platform that assists creators in starting their academy. The collaboration aims to empower a USD 75-150 million (as per AdLift) creator economy with diversified monetization opportunities. It will be launched on the occasion of The Next Big Creator Awards and Summit 2022 (NBC).


	 


				
		
	Pepper Content in Collaboration with Classplus


	 


	The creator economy is growing not just in terms of popularity and scale, but also opportunities. At this juncture, there are about 50 Million active creators in the ecosystem and this number is only expected to grow multifold in the coming years. In fact, strengthening the creator economy further, hundreds of tools and platforms are being built every day. As a result, more and more people are entering the ecosystem, making the demand for diversified monetization opportunities an immediate priority.


	 


	Recognizing the same, Pepper Content has launched the Next Big Creator Awards and Summit that will unfold the ever-rising creator ecosystem and decode the opportunities that lie ahead, for established as well as aspiring content creators. In addition to that, the conference will talk about the new generation of creators and how they are utilizing content to link brands with consumers, to effect social change, and even to foray into entrepreneurship.


	 


	Talking about the booming creator economy, Anirudh Singla, Co-founder, and CEO, Pepper Content, said, &quot;The last talent revolution that came out of India was Indian tech talent for the world back in the 1990s with Infosys, TCS, etc. We believe that this decade is going to be the age of creators, where platforms that celebrate creators and enable them will thrive. We are excited to partner with Classplus to launch a unique creator grant of ₹10 L in cash and 10L as support tools with no string attached and enable creator-preneurs.&quot; 


	 


	Mukul Rustagi, Co-founder and CEO, Classplus, added, &quot;Classplus Clan is very passionate about helping content creators achieve their full potential of fandom and freedom. In this long journey, we would love to extend assistance to upcoming and budding creators who can inspire the country. And we found similar thought partners in Pepper Content and decided to launch a grant for the next-gen creators together.&quot;


	 


	The Next Big Creator Awards and Summit is bringing together industry leaders, trailblazers, and changemakers such as Paras Sharma - Director and Head of Partnerships at Meta, Chef Ranveer Brar, Art Guy Rob, Film critic Anupama Sharma, Author Amish Tripathi, and many such esteemed speakers together, on one platform which is accessible for all without any associated cost to elevate the creator economy further.


	 


	About PepperContent


	PepperContent is constructing the worlds largest platform for content creators and companies in need of content. They are on their way to becoming the worlds largest content marketplace, and they are working hard to establish the technological infrastructure that will power every material ever generated. They now serve a global audience with over 2000+ customers served, 2 lakhs+ projects delivered, a 100+ member staff, and a 65,000+ creator network.


	 


	About Classplus


	Classplus is an Ed-Tech start-up that is altering the world of education by providing educators with digital tools and resources that will help them become future-ready. With our cutting-edge technology, their industry-first unified platform allows coaching institutes to have their own app to manage all of their tasks and reach lakhs of students across the country. Their online stores, as a modern digital distribution platform for educational content and items, enable coaching institutes to make video content and online exams available to students. So far, over 1 lakh coaching establishments in 1,100+ Indian cities have successfully launched their online businesses using Classplus apps.
   ]]></description>
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<pubDate>Sun, 22 May 2022 11:48:31 +0530</pubDate>
<dc:creator>TBS Staff</dc:creator>
<media:keywords>Pepper, Content, Collaboration, with, Classplus, Empowers, USD, 150, Million, Year, Creator, Economy, with, Lakh, Grant</media:keywords>
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<title>Veddis Foundation and J&#45;PAL South Asia Set up ASPIRE to Accelerate Evidence&#45;based Policymaking</title>
<link>https://www.thebizzstories.com/veddis-foundation-and-j-pal-south-asia-set-up-aspire-to-accelerate-evidence-based-policymaking</link>
<guid>https://www.thebizzstories.com/veddis-foundation-and-j-pal-south-asia-set-up-aspire-to-accelerate-evidence-based-policymaking</guid>
<description><![CDATA[ 
	The Abdul Latif Jameel Poverty Action Lab (J-PAL) South Asia and Veddis Foundation announced the launch of the Alliance for Scaling Policy Impact through Research and Evidence (ASPIRE) today. ASPIRE aims to spur the adoption of anti-poverty policies rooted in scientific evidence and data. Veddis Foundation is anchoring ASPIRE with an investment of USD 6.3M.


	ASPIRE is designed to bring together governments, donors and nonprofits to solve some of the most pressing challenges Indians living in poverty are facing today, building on J-PAL South Asia&#039;s 15 years of work in poverty reduction in the country. Over 100 million people across 20 Indian states have been reached by programmes and policies that have been informed by studies done by researchers who are part of J-PAL&#039;s global network. J-PAL is well recognized worldwide for its work in using rigorous scientific evidence to help policy makers. The Co-founders of J-PAL Abhijit Banerjee and Esther Duflo were awarded the Nobel Prize for Economics in 2019 for their pioneering work done in using Randomised Control Trials (RCTs) in alleviating global poverty.


	ASPIRE will help J-PAL South Asia to respond even more effectively to the policy priorities of governments, with the goal of rolling out innovative policy solutions that have been tested for effectiveness with randomised controlled trials.


	J-PAL South Asia will enter into long-term partnerships with governments and do a thorough examination of the policy challenges hindering poverty eradication. The alliance also plans to run pilot studies on prospective solutions and to scale up the most promising ones. 


	An initiative like ASPIRE is more urgent now than ever.


	The economic crisis triggered by the COVID-19 pandemic threatens to undo the gains India has made over the years in poverty alleviation. It is vital for governments to implement policies with proven effectiveness to support the people whose lives have been upended by the pandemic. 


	In October 2021, Veddis Foundation had announced a Rs. 100 crore commitment to accelerate large-scale social impact.                              


	 


	Shobhini Mukerji, Executive Director, J-PAL South Asia said, &quot;ASPIRE has been conceived to make scientific evidence and data the bedrock of policymaking in India. It is only by advancing policies that are backed by solid evidence of effectiveness can governments succeed in improving the lives of the poor and the vulnerable in a timely, holistic and effective manner. The grant from the Veddis Foundation opens up exciting new possibilities for us to establish new, long-term partnerships with multiple state governments and central agencies.&quot;


	Murugan Vasudevan, CEO of Veddis Foundation said, &quot;Philanthropy can drive transformational positive impact by building stronger state capacity. We are glad to be partnering with J-PAL in setting up ASPIRE. J-PAL brings a rare combination of rigor, innovation, and demonstrated results in shaping data-driven policies that form the bedrock of good governance. We look forward to seeing ASPIRE become a trusted partner to governments and philanthropists looking to drive impact at scale.&quot;


	ASPIRE draws on one of J-PAL&#039;s greatest strengths: the combination of ground-breaking research produced by its network of the world&#039;s top development economists and the expertise of its local research staff and policy specialists. This model has enabled J-PAL South Asia to streamline the process of translating cutting-edge academic research insights into actionable policies for its government partners.


	As a first step under ASPIRE, J-PAL South Asia will roll out the Taaron ki Toli programme across 23,000 state-run schools in Odisha. J-PAL South Asia will also assist the Government of Odisha in evaluating the efficacy of potential solutions to the biggest policy challenges in the areas of livelihoods and labour welfare, education, gender, distress migration, and early childhood development. These have been identified by the government as its top priority areas for poverty reduction. 


	 


	About J-PAL South Asia


	The Abdul Latif Jameel Poverty Action Lab (J-PAL) is a global research centre working to reduce poverty by ensuring that policy is informed by scientific evidence. Anchored by a network of 262 affiliated professors at universities around the world, J-PAL conducts randomised impact evaluations to answer critical questions in the fight against poverty.


	J-PAL was launched at the Massachusetts Institute of Technology in 2003 and has 7 regional offices around the world. J-PAL South Asia, hosted by the Institute for Financial Management and Research (IFMR), Chennai, has formal partnerships with governments across 20 Indian states and union territories for the generation of new research and advancement of evidence-informed policymaking, as well as training partnerships with the governments of Nepal, Bhutan, Bangladesh, and Pakistan. ]]></description>
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<pubDate>Sun, 22 May 2022 11:48:31 +0530</pubDate>
<dc:creator>TBS Staff</dc:creator>
<media:keywords>Veddis, Foundation, and, J-PAL, South, Asia, Set, ASPIRE, Accelerate, Evidence-based, Policymaking</media:keywords>
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<title>CM Basavaraj Bommai Launches Invest Karnataka &#45; Global Investors&amp;apos; Meet 2022 in Bengaluru</title>
<link>https://www.thebizzstories.com/cm-basavaraj-bommai-launches-invest-karnataka-global-investors-meet-2022-in-bengaluru</link>
<guid>https://www.thebizzstories.com/cm-basavaraj-bommai-launches-invest-karnataka-global-investors-meet-2022-in-bengaluru</guid>
<description><![CDATA[ 
		
			Global Investors Meet (GIM) from Nov 2nd- 4th November 2022 at Bengaluru Palace
	
	
		
			Karnataka, a land of opportunities - aims to attract more investments and job creation - Minister for Large &amp; Medium Industries, Murugesh R. Nirani
	
	
		
			CM to invite PM Modi for the Invest Karnataka 2022
	

	 


	Chief Minister Basavaraj Bommai announced the launch of the three-day Global Investor Meet - Invest Karnataka 2022 - a flagship investor event for the state of Karnataka. The launch event was organized by the Department of Industries and Commerce at the ITC Gardenia here yesterday.


				
		
	Karnataka Chief Minister Shri Basavaraj Bommai addressing the gathering at the launch of Invest Karnataka - Global Investors&#039; Meet 2022 in Bengaluru


	 


	As part of the Karnataka Government&#039;s initiatives to attract investments from across the world, a three-day Global Investors&#039; Meet (GIM) would be held in Bengaluru from 2nd - 4th November 2022.


	Launching the theme of the GIM 2022, &quot;Build for the World&quot;, Chief Minister, Basavaraj Bommai said &quot;Investors have always believed in Karnataka and created the capability for the state to host a Global Investors Meet. The post COVID economic growth is the right time to invest in Bengaluru which is not only an IT, BT hub but also a financial hub.&quot;


	The Chief Minister encouraged the Large and Medium Industries Minister to bring in a broad-spectrum and holistic investment across sectors - semiconductors, electronics, defence, aerospace, energy, biotechnology, IT, manufacturing, MSMEs, cottage industries. Investments that percolate down the economy. 


	He urged to not only sign MOUs but to materialize projects from genuine investors and showcase them at the GIM.


	Basavaraj Bommai called on the industrialists to be the leaders of change by investing in Karnataka. The aim is to envision a New Karnataka for New India - creating new 21st century industrial townships and corridors. 


	Unveiling the new logo of Invest Karnataka on the occasion, Honourable Minister for Large &amp; Medium Scale Industries, Dr. Murugesh R. Nirani said &quot;We are delighted to officially announce the much-anticipated GIM 2022. The purpose of the GIM is to showcase the robust industrial-friendly ecosystem of Karnataka, attract huge investments from global players, and spread industrialization across the state. We have acquired sufficient land banks for the investors who would want to invest in the state. Our chief minister has presented a people-friendly budget that is a game-changer. The state is home to 400+ R&amp;D centers, 85+ chip design houses, and is a key player in the supply chain for the global markets.&quot;


	The Minister called upon the industrial fraternity to uphold Karnataka in the No. 1, position.


	Apart from creating favourable cost economics for the companies to invest in the state, the Government of Karnataka is working on providing a complete ecosystem to its investors Dr. Nirani reiterated.


	Karnataka has emerged as a top investment destination in the country for the last two years in a row. The state has attracted Rs. 62,085 crore investments and is a top recipient with a 48% share of total FDIs in India.


				
		
	Karnataka Chief Minister Shri Basavaraj Bommai along with other dignitaries at the launch of Global Investors&#039; Meet 2022 in Bengaluru


	 


	The State has emerged as a frontrunner in global manufacturing and we are focusing on human resources, production of rich raw materials, manufacturing expertise, product design capabilities, and R&amp;D to meet the demands of the global manufacturing segment.


	This edition of the GIM will be under the theme &quot;Build for the World&quot; reflecting on the role Karnataka aims to play in the global supply chain.


	Ms. Gunjan Krishna, Commissioner for Industrial Development and Director, Department of Industries &amp; Commerce said &quot;Through this Global Investor Meet, we will continue to engage with the global community by bringing together business and thought leaders from a multitude of areas and sectors. Given the ever-evolving nature of the world we are living in, the key topics to be addressed during the event will revolve around the sub-themes of innovation, sustainability, equity, and resilience. We not only commit to setting Karnataka&#039;s development agenda in line with global best practices but also showcase our strong ability to &quot;Build for the World&quot;


	The Department of Industries has started making preparations. Soon, it will start a series of events, including roadshows in different countries, to attract potential investors.


	The 3-day event - Invest Karnataka 2022, will comprise:


		
			Plenary sessions, panel discussions, multiple networking opportunities.
	
	
		
			50+ business, political, thought leaders to feature covering themes and sectors that are crucial to Karnataka&#039;s growth story
	
	
		
			5000+ senior delegates across sectors including ]]></description>
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<pubDate>Sun, 22 May 2022 11:48:30 +0530</pubDate>
<dc:creator>TBS Staff</dc:creator>
<media:keywords>Basavaraj, Bommai, Launches, Invest, Karnataka, Global, Investors, Meet, 2022, Bengaluru</media:keywords>
</item>

<item>
<title>Urbanization must for India&amp;apos;s quantum economic growth: Amitabh Kant</title>
<link>https://www.thebizzstories.com/urbanization-must-for-indias-quantum-economic-growth-amitabh-kant</link>
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<description><![CDATA[ 
	The real growth in India can only happen through urbanization which is a must for quantum economic jump and poverty reduction in the country, Mr. Amitabh Kant, CEO, NITI Aayog said today during an interactive session around a range of policy issues, organized by Public Affairs Forum of India (PAFI).


	 


				
		
	Mr. Amitabh Kant, CEO, NITI Aayog with Mr. Virat Bhatia, MD, Apple India and Ms. Vinita Sethi, SVP and Chief Public Affairs, Apollo Hospitals at an interactive session organized by PAFI


	 


	&quot;India needs to fire a lot of cylinders, including manufacturing, to get to its real growth potential,&quot; Mr. Kant added.


	 


	The session was moderated by Mr. Virat Bhatia, Managing Director, Apple India and Ms. Vinita Sethi, SVP &amp; Chief Public Affairs, Apollo Hospitals Enterprises Ltd.


	 


	Talking about climate change and India&#039;s role in ensuring rapid industrial growth without carbonizing the world, Mr. Kant said, &quot;India is the only country in the world that has achieved its NDC (Nationally Determined Contributions) targets which were finalized during 2021. India has also brought down the cost of renewable power 2.7 cents per kilowatt hours. That gives India an opportunity to crack water and produce green hydrogen and become a center of the world to become a global green hydrogen in its liquid form and more ammonia.&quot;


	 


	Mr. Kant also said that India has dismantled around 1500 rules &amp; regulations to promote the ease-of-doing-business in the country and states need to follow the same. &quot;States like Uttar Pradesh, Maharashtra and Gujarat have grown at a rapid rate and are on the way of becoming the key drivers of the Indian economy due their ease of doing business policies,&quot; he added.


	 


	&quot;India needs a paradigm shift to move towards technology and innovation and leapfrog across the sunrise sectors, where the real growth is. Government&#039;s role should be in public policy in areas like health, education and nutrition, and the public policy should help create wealth through the private sector. We should push for more and more private public partnerships to get the kind of growth we are aiming for,&quot; added Mr. Kant.


	 


	About PAFI


	Public Affairs Forum of India (PAFI) aims at aligning business, society and government on long term priorities; fostering trust across all stake holders; collaboratively developing smart and relevant policies, proposals and processes that foster innovation and rely on evidence-based research and promote capacity building to navigate change within the context and complexity of India.


	 


	More about PAFI at pafi.in.
   ]]></description>
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<pubDate>Sun, 22 May 2022 11:48:30 +0530</pubDate>
<dc:creator>TBS Staff</dc:creator>
<media:keywords>Urbanization, must, for, Indias, quantum, economic, growth:, Amitabh, Kant</media:keywords>
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