EXPLOREMY LIBRARY
Business & Finance
Business Today

Business Today 30-Dec-2018

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.

Country:
India
Language:
English
Publisher:
Living Media India Limited
Frequency:
Biweekly
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26 Issues

in this issue

2 min.
on the slow track

HOW WELL is the Indian economy doing? The government would like to say that everything is hunky dory. Indeed, its official stance is that the Indian economy continues to be the fastest growing major economy in the world, despite going down from 8.2 per cent exhibited in the first quarter to 7.1 per cent in the second quarter. Both the Prime Minister and the Finance Minister never fail to point out that despite global headwinds, we are growing faster than China, which has slowed down quite a bit. In private though, the government is far less sanguine. There are just too many issues. Worse, there is pessimism creeping in – both among voters and in the business world – which the government can ill afford six months before the general elections…

1 min.
businesstoday.in

STAY CONNECTED WITH US ON www.facebook.com/BusinessToday@BT_India PERSPECTIVES OPEC’s Disintegration Is Good for India, Good for the World Qatar’s Minister of State for Energy Affairs has announced the country’s decision to quit OPEC. More than the decision, it is the timing of the announcement that raised eyebrows businesstoday.in/energy-sector. OPEC-disintegration What GDP, Core Sector Data Tell About Health of Indian Economy The GDP growth is slower than the first-quarter growth of 8.2 per cent although it is better than the 6.3 per cent growth registered during the same quarter the previous year businesstoday.in/GDP.Indian-economy Why E-commerce Players Are Finding It Difficult to Comply with Tax Norms The law requires every e-commerce operator to collect 1 per cent tax for inter-state transactions and 0.5 per cent for intra-state ones businesstoday.in/e-commerce.india-tax What Ails Indian Dairy Industry? Although India is part of the most exciting dairy story, most…

1 min.
emerging from an eclipse

IS THE WHISTLEBLOWER system finally gathering steam in India? Ranbaxy, ICICI Bank, Infosys, and now, Sun Pharma. Hoping the revelations were not driven by malafide intentions in the case of Sun Pharma, analysts feel allegations of slippages in corporate governance make a dent on a company’s image. The Sun Pharma whistleblower’s documents are not yet in the public domain. Founder Dilip Shanghvi did seem to be trying his best to pacify investors by pointing out that some of the issues highlighted were old, and that some were genuine but from a different regulatory era when the company itself was smaller. Some leading analysts, however, say investors won’t take kindly to these developments, especially those who accord higher weightage to corporate governance. Take for instance the fact that Sun had a…

1 min.
china – us truce

AFTER several months of tough posturing, China and the United States have paused their ongoing trade standoff, at least for now. Neither Washington DC nor Beijing will announce any new tariff measures against the other for 90 days. Both sides hope to utilise this window to resolve their pending trade issues. New Delhi has been keenly watching the development and has even looked at the tariff lines impacted by the US-China trade war to see if there is an opportunity to fill the gaps left by America in the Chinese market. The conclusion has been that India’s advantage will be limited, and the collateral damage higher if both countries turn more protectionist. The ceasefire between China and the US should hence be more of a situation for India to examine…

1 min.
oil gambit

BABUS in New Delhi are keeping close tabs on Qatar’s exit from the oil producer cartel OPEC. Doha’s exit announcement came just a few days before a crucial OPEC meet to formalise the next round of production cuts (apparently already agreed upon by Saudi Arabia and Russia). A disintegrated OPEC would be good for the world and India too, given the fears of price hikes engineered through production cuts. Though Indonesia quit and remains out, Qatar remained a disciplined member for nearly six decades. The time may perhaps be right for India to push bilateral oil shopping.…

1 min.
funds dry up

INDIA’S MSME segment, which accounts for a third of GDP, faces a survival crisis. Post the IL&FS crisis, banks and mutual funds are being very cautious about lending to non-banking finance institutions, which has led to the credit for MSMEs drying up. Even banks’ exposure to MSMEs is coming down. Reserve Bank of India data shows an over 2 per cent drop in bank credit to MSMEs until October. Over 9 million MSMEs are now GST-registered, but banks have not been leveraging the GST data to quickly process loans, instead relying on documentation and collateral. The government’s 59-minute loan policy, while well structured, is yet to make any impact. Total outstanding credit to MSMEs stands at ₹22.8 lakh crore, while demand is estimated to be ₹45 lakh crore. Hope lies…