Business et Finance
Business Today

Business Today 9-Feb-20

A leading business magazine read by the business leaders for staying ahead and managing challenges that comes right away in the ever changing world of business.

Living Media India Limited
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26 Numéros

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4 min.
engines of change

When Business Today was launched 28 years ago, India was just beginning to discard its stifling ‘Licence Raj’ and was at the cusp of opening its economy to the world. With four decades of socialism, during which the commanding heights of the economy were nationalised, the $278.4 billion-Indian economy, then the 16th largest, was a pygmy despite its size and population. The advent of globalisation and rapid technological advances changed all that forever. It now counts as the seventh largest economy in the world. Nothing is more important in an economy than the question of jobs. It is employment and the income it generates for individuals that power an economy. That is why the biggest worry for any government is the state of employment in the country. In the high-tech world…

3 min.
messages to give in budget ’20

Six quarters of deceleration in the economy and slower than projected growth in direct tax and GST have left the Centre with little space for fiscal stimulus. But the Union Budget is as much about messaging as it is about the fiscal roadmap. Here are the top messages Finance Minister Nirmala Sitharaman should convey for the confidence in economy and lack of fiscal largesse: Tax authorities will relent. Hounding of businesses – big and small – by tax authorities hasn’t gone down well. Government prides on it as an exercise against avoidance. Businesses see it as desperation due to low-tax collections. That tax authorities will relent can be the biggest message FM could convey. How about a one-year moratorium – until the economy recovers? White-collar offences will not be criminal. Hefty penalty…

2 min.
rural india bottoming out

SHARP RISE IN WHOLESALE FOOD PRICES… Wholesale food prices increased in first eight months of 2019/20. Primary food prices rose 11.1% y-o-y in November …EVEN AS INPUT COSTS DECLINE Prices of five farm inputs – high-speed diesel, electricity, fertilisers, pesticides and agricultural machinery and implements – fell 2.3% in November; output prices, on the other hand, rose Sources: Department of Agriculture, IMD, MOFSL, Labour Bureau, RBI 11.08% Rise in wholesale food prices in November 2019. This is the highest increase in two years 83.8% Water reservoir level in 2019, highest in almost 20 years. India’s live storage capacity is about 258 billion cubic metres RURAL SPENDING SEES A SPIKE The Centre’s rural spending grew 20.8% in the first seven months of 2019/20, an 11-year high. The share of rural spending rose to an eight-year high of 13.3% MORE AREA…

1 min.
the forex advantage

India’s forex reserves stood at an all-time high of $455 billion as on December 20, 2019, $43 billion more than at the beginning of this fiscal. Almost all — 93% — are in major currencies; only about 6% are in the form of gold. Forex reserves have remained strong despite global economic uncertainty and weakness in domestic demand 16% Increase in India’s forex reserves since December 2018 $3.64bn The country’s reserve position with the IMF; 38% higher than a year ago $27bn Value of the country’s gold reserves, up $430 million from a year ago…

1 min.
future of work

Jobs, workplace, wages, well-being, governments and regulators are all in the midst of a whirlpool of change as a host of internal and external factors drive how we will work in the future. In the following pages, 19 experts and business leaders predict that gig workers will dominate workforce; robot-workers are the new norm; polarisation between high skill and low or unskilled is set to intensify; eight-hour workdays are dead; AI will kill more jobs than it will create; corporate purpose will go beyond profits; privacy at work will require firewalls separating personal from the professional; byte-sized learning will drive professional progression; mental and emotional health of employees will be crucial to organisational well-being; and workplaces of the future will be spaces for use, rather than spaces to occupy with…

3 min.
a phygital strategy

MD and CEO, Kotak Mahindra Bank We are seeing a great interplay between digital and physical in the banking industry. And what is working is ‘phygital’, which is physical plus digital. For instance, we are increasing our workforce by 10 per cent this year. This is the net addition to our workforce. So, on a base of 60,000 people, we are making 6,000 net additions. As I have said on many occasions, we don’t need 10,000 branches, but we are still opening branches. That is because we are finding a very interesting mix of digital and physical play. The density of branches will come down in the future but not the requirement. In a fast changing digital world, banks will become more efficient and effective through the combination of digital and physical…