As many as 28 nations bordering the Mediterranean Sea were recently represented in a new partnership between India and the region. Businesses from both sides explored potential cooperation in defence production, maritime and manufacturing, among others. Historic Trade Synergies Between India and the Mediterranean Ancient synergies have marked the traditional…
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Budget 2024: Right recipe prepared for jobs with proposals to facilitate employment, skilling of youth
The Economic Survey 2023-24 estimates that India needs to generate about 78.5 lakh non-farm jobs annually until 2030 to gainfully employ the Indian youth entering the workforce. With proposals to facilitate employment, skilling and other opportunities for 4.1 crore youth over the next five years, the Union Budget 2024-25 will…
Trade, tech & sustainability: Engines for long-term growth
Finance and Corporate Affairs Minister Nirmala Sitharaman is poised to set a historical precedent. When she presents the complete Union Budget for 2024-25 on July 23, she will become the first finance minister to present seven consecutive budgets. The Interim Budget of February underscored the government’s commitment towards realising the…
The time is now….
05 Oct 2023 Business is comitted to leading our global response to climate change. There’s now a consensus that we all must act to address to respond to the changes in our climate and do what we can to respond to what we are experiencing. Climate scientists point out that a world record temperature was set last month. They remind…
India’s G20 Presidency is a Unique Opportunity for Businesses
23 Aug 2023 The leaders declaration of the G20 Summit held in Bali this month talked about an unparalleled multidimensional crises period that the world is currently experiencing. It pledged to enhance public investments while promoting private investments andstrengthening multilateral trade. Many of its policy actions relating to the global…
Leveraging on Technology for Strengthening Credit Flow for MSMES
10 Jul 2023 Starting a new business venture may be overwhelming, especially for new entrepreneurs as regulatory compliances, filing of returns, interactions with several institutions etc., pose challenges for both aspiring and established entrepreneurs. Therefore, bringing synergy in the operations of various departments/institutions and facilitating flow of information can reduce…
Technology and Digital Transformation to Enable Insurance for All
30 Mar 2023 Emerging digital technologies and growing competition from innovative, new-age rivals are forcing insurers to transform their businesses, led by a modern technology architecture, and digitalisation of systems and processes, which would empower them to simplify operations, enhance customer and partner experiences, and take solutions to the market…
Designing Integrated Solutions for Insurance Products
27 Feb 2023 The macroeconomic, demographic and overarching regulatory setting has dictated the product proposition and benefit offerings in the past. Insurance products were thus a few all-encompassing, complex off-the-shelf offerings, which the insurers would try to customise as either premiumisation-focused structuring or mass appeal-focused propositions for the potential policyholders.…
Budget Must Rationalise, Simplify Taxation
28 Dec 2022 The last few years have been truly tumultuous for the global economy, with unprecedented economic and geopolitical developments. Within this changing external scenario, the Indian government has done well to maintain stability in tax rates. Today, the country is recognised for its strong growth performance and continued…
India’s Evolving Supply Chain Landscape
15 Dec 2022 The Global economy has been witnessing unprecedented changes in a post-COVID world. With the current spate of global inflationary trends, global growth has suffered considerably, but India has emerged as a stronger and more resilient global player. It is high time that the Indian MSMEs make…