Month: February 2020

Revenue Crisis, GDP, Private Investments: Union Budget 2020

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With the waning of global uncertainties, businesses are redoubling investments in IT as they anticipate revenue growth, but their spending patterns are continually shifting. The wait and watch on how the Union Budget 2020 would Fix India’s Macroeconomic Issues? BJP party members have also urged PM to announce steps to revive real estate and other sectors.   Sources said, “The country is facing a serious economic crisis, adding there was no alternative but to raise spending on infrastructure and welfare schemes to boost consumer demand and create jobs. FM Nirmala…

Indian banking industry is goes under serious transformation

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Battered by bad loan menace and fraud, the country’s banking industry eyes better days with mega merger of public sector lenders as well as massive capital infusion into them and the government’s assurance that bankers will not be harassed for genuine decisions that went haywire will provide succour. “Every fundamentals indicate towards higher growth and better future next year,” Finance Secretary Rajiv Kumar told PTI, reflecting strong optimism going into 2020. Amid slowdown blues, the government has unveiled a raft of measures over the past few months aimed at improving…

The Indian M& E industry to touch $ 34.8 bn by 2021

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Entertainment Industry in India has registered an explosive growth in last two decades making it one of the fastest emerging industries in India. Television itself witnessed its transformation from a single government owned channels to a medium telecasting more than 300 national and regional channels. The Indian Media & Entertainment( M&E) industry will touch $ 34.8 bn by 2021. Outshining the global average of 4.2% CAGR, with advertising revenue expected to increase at a compounded Annual Growth Rate (CAGR) of 15.3% during the same period.   Digital advertising is expected…

Setting trends in Indian Politics

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India’s Muslim population is rising. In 2015, their number stood at 195 million, which, due to high birth rates, has almost doubled since 1991, according to the Pew Research Center. Their share has increased from 12% to 15% in this time period. By 2060, Pew estimates, there will be more Muslims in India than anywhere else in the world (Indonesia has more today), and they will constitute 19% of Indians.At the same time, the share of Muslims in the Lok Sabha, India’s 545-seat lower house of parliament, is in decline.…

Fastag: Politics behind India’s Tolls Highway Development?

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Introduction of FASTag sales, transactions and toll collections of National Highways Authority of India (NHAI) is primarily to push the government for digital toll collection, this initiatives is under the Road Minister Nitin Gadkari . It has hoped the difficulties faced by the road users’ during transition will soon be sorted out. However, recently, an instance of FASTag fraud was reported by an Axis Bank FASTag user. FASTags are prepaid rechargeable tags for toll collection that allow automatic payment deduction from the FASTag, they are normally affixed on the windscreen…

Transport Policy In A Month; Focus Will Be On Innovation, Reforms In Public Transport: Gadkari

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The government is planning to come out with a new transport policy, that will focus on innovation and reforms in the country’s public transport system and will also have provisions for financial support for such initiatives, Union Minister Nitin Gadkari said on Thursday.   The minister also urged State Transport Corporations to switch to alternative fuels like CNG, LNG and bio-fuel like ethanol to save costs and reduce India’s dependence on crude import which amounts to a massive Rs 7 lakh crore per annum.   “Within a month, a new…

Is Social Media Impacting Your Digital Transformation Strategy ?

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We have already witnessed the birth of cloud, SaaS, PaaS, DaaS and fast emergence of cybersecurity and the exponential growth in technology outsourcing. This evolution has triggered a seismic shift in the mindset of enterprises when it comes to information, cybersecurity, compliance, governance and assurance.   Among business leaders, we have seen a shift from ignorance to fear, we are witnessing a shift from fear to awareness, and now we would like to see a shift from awareness to confidence. No doubt, technology will continue as a trendsetter in the…

Rajiv Bansal appointed Chairman and MD of Air India

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Senior bureaucrat Rajiv Bansal was appointed as the chairman and MD of Air India on Thursday. Bansal, , a 1998 batch IAS officer of Nagaland cadre, is currently the additional secretary in the petroleum ministry, and had held an additional charge of Air India chief in August 2017 for about 4 months, when the chairman Ashish Lohani was moved to the Railway board.   Bansal will replace Lohani who was appointed to the post after retiring from Railway on February 14 last year for a period of one year at…

Fire breaks out at Andheri

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A three story commercial building in Andheri, Mumbai caught fire, said a civil officer. No injuries has been reported as no one was trapped inside. The fire broke out at Rolla Technology Park at 11.30 am.   Dense smoke engulfed the building and its staircases, making fire fighting operations challenging.   “It is a major fire. Twelve fire engines are engaged in dousing the flames. All efforts are being made to extinguish the blaze,” the official said.   The fire is confined to the server room on the building’s second…

Toyota Mobility Foundation with MDEC to launch CATCH

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Toyota Mobility Foundation (TMF) has entered into an agreement with the Malaysia Digital Economy Corporation (MDEC) to launch the City Architecture for Tomorrow Challenge (CATCH). This is the region’s first global challenge that will attract innovative, data-driven entries from global participants. The aim is to raise efficiency in urban planning, and drive forward the future of mobility. This partnership will enable Kuala Lumpur to take the lead in developing next-gen urban development and city mobility management for the region.   A launch event was held in Kuala Lumpur on 13 February…