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On this episode, Anupam chats with Jimmy Mistry—an iconic designer, hotelier, adventurer, community builder, and real estate developer. They dive into Jimmy’s visionary journey, from creating ultra-luxury lifestyle projects to pioneering India’s first D2C luxury interior brand, Della Luxury Products. He shares insights on craftsmanship, Atmanirbhar Bharat, and his groundbreaking work in experiential hospitality, including the award-winning DATA by Della Resorts. Jimmy also discusses his entrepreneurial spirit, the Della Leaders Club (DLC), and his advice for young entrepreneurs. Tune in for an inspiring conversation on innovation, luxury, and business success!Tune in for a comprehensive guide to securing your financial future!Get in touch with our host Anupam Gupta on social media: Twitter: ( https://twitter.com/b50 ) Instagram: ( https://www.instagram.com/b_50/ ) LinkedIn: (https://www.linkedin.com/in/anupam9gupta/ ) You can listen to this show and other awesome shows on the IVM Podcasts website at https://www.ivmpodcasts.com/ You can watch the full video episodes of PaisaVaisapodcast on the YouTube channel. Do follow IVM Podcasts on social media. We are @ivmpodcasts on Facebook, Twitter, & InstagramSee omnystudio.com/listener for privacy information.
Participants: John Steppling, Lex Steppling, Max Parry, Dennis Riches, Shaenah Batterson, Varun Mathur, and Hiroyuki Hamada. Links to sources and subjects mentioned in this episode: On victims rights: "The Wrongs of Victim's Rights" https://www.repository.law.indiana.edu/cgi/viewcontent.cgi?article=2922&context=facpub U.S. and India set to announce flurry of deals spanning defense, chips and A.I. https://www.cnbc.com/2023/06/22/us-and-india-set-to-announce-flurry-of-deals-on-defense-chips-ai.html A timeline of the events that led to the demolition of the mosque and those that shaped how it will be seen in history. https://thewire.in/communalism/babri-masjid-the-timeline-of-a-demolition John Steppling's blog https://john-steppling.com/2024/04/deep-fake/ https://twitter.com/noisyimmigrant/status/1782755122332016935 In boost to Atmanirbhar Bharat, security forces to get India-made Israeli assault rifles https://theprint.in/defence/in-boost-to-atmanirbhar-bharat-security-forces-to-get-india-made-israeli-assault-rifles/604934/ Israel Is Turning Hospitals Into Mass Graves While The West Fixates On 'Antisemitism' https://www.caitlinjohnst.one/p/israel-is-turning-hospitals-into
#economics #decentralized #climatechange #education #podcast #toctw Professor A. Damodaran is a Distinguished Professor in the Digital Economy, Start-up and Innovation team. Prior to joining ICRIER, {Indian Council for Research on international economic relations} Damodaran was a senior Professor in the Economics Area at IIM Bangalore. His areas of specialization include the application of new-generation digital technologies, the economics of the Metaverse and NFTs, the architecture of distributed economic systems, blockchain applications for the defense sector, IoT models for the food industry, climate and biodiversity financing models based on digital platforms and sui generis regulation of cryptocurrency/crypto assets etc. He has authored Encircling the Seamless: India, Climate Change and the Global Commons & Managing Arts in Times of Pandemics and Beyond. Timestamp 0:00 to 04:21-Into & India's economy post Covid 19 04:21 to 06:00- Why Big companies & banks got financial support from the Atmanirbhar Bharat fund, while SME's & individuals received only loans 06:00 to 11:35- India's environmental crisis 11:35 to 14:06- Microclimate management 14:06 to 18:53- Climate Crisis & Decentralization 18:53 to 23:25- Can crypto replace fiat currency, India's Web 3.0 Ecosystem 23:25 to 27:59- Big tech vs Nations + Metaverse opportunities 27:59 to 39:10- Future of Education, Generative AI, Artists + Managing Arts in the times of pandemic & beyond 39:10 to 44:37- advice & exciting times for educators + students Watch our highest-viewed videos: 1-DR R VIJAYARAGHAVAN - PROF & PRINCIPAL INVESTIGATOR AT TIFR India's 1st Quantum Computer- https://youtu.be/ldKFbHb8nvQ 2-TATA MOTORS- DRIVING THE FUTURE OF MOBILITY IN INDIA- SHAILESH CHANDRA- MD: TATA MOTORS-https://youtu.be/M2Ey0fHmZJ0 3-MIT REPORT PREDICTS SOCIETAL COLLAPSE BY 2040 - GAYA HERRINGTON -DIR SUSTAINABILITY: KPMG- https://youtu.be/Jz29GOyVt04 4-WORLDS 1ST HUMAN HEAD TRANSPLANTATION- DR SERGIO CANAVERO - https://youtu.be/KY_rtubs6Lc 5-DR HAROLD KATCHER - CTO NUGENICS RESEARCH Breakthrough in Age Reversal- https://youtu.be/214jry8z3d4 6-Head of Artificial Intelligence-JIO - Shailesh Kumar https://youtu.be/q2yR14rkmZQ 7-STARTUP FROM INDIA AIMING FOR LEVEL 5 AUTONOMY - SANJEEV SHARMA CEO SWAAYATT ROBOTS - https://youtu.be/Wg7SqmIsSew 8-MAN BEHIND GOOGLE QUANTUM SUPREMACY - JOHN MARTINIS - https://youtu.be/Y6ZaeNlVRsE 9-BANKING 4.0 - BRETT KING FUTURIST, BESTSELLING AUTHOR & FOUNDER MOVEN - https://youtu.be/2bxHAai0UG0 10-E-VTOL & HYPERLOOP- FUTURE OF INDIA"S MOBILITY- SATYANARAYANA CHAKRAVARTHY https://youtu.be/ZiK0EAelFYY 11-HOW NEUROMORPHIC COMPUTING WILL ACCELERATE ARTIFICIAL INTELLIGENCE - PROF SHUBHAM SAHAY- IIT KANPUR- https://youtu.be/sMjkG0jGCBs 12-INDIA'S QUANTUM COMPUTING INDUSTRY- PROF ARUN K PATI -DIRECTOR QETCI- https://youtu.be/Et98nkwiA8w Connect & Follow us at: https://in.linkedin.com/in/eddieavil https://in.linkedin.com/company/change-transform-india https://www.facebook.com/changetransformindia/ https://twitter.com/intothechange https://www.instagram.com/changetransformindia/ Listen to the Audio Podcast at: https://anchor.fm/transform-impossible https://podcasts.apple.com/us/podcast/change-i-m-possibleid1497201007?uo=4 https://open.spotify.com/show/56IZXdzH7M0OZUIZDb5mUZ https://www.breaker.audio/change-i-m-possible https://www.google.com/podcasts?feed=aHR0cHM6Ly9hbmNob3IuZm0vcy8xMjg4YzRmMC9wb2RjYXN0L3Jzcw Dont Forget to Subscribe www.youtube.com/ctipodcast
Atmanirbhar Bharat in Defence Under Modi Goverment Air Marshal Anil Chopra and Sanjay Dixit
What is the state of indigenisation in Indian defence manufacturing. Are DRDO, HAL, BEL and BDL enough? Are they geared up? How is private industry coping up? What is the status in various services? Air Marshal Anil Chopra talks about the entire gamut of self-reliance issues in this talk with Sanjay Dixit.
A happy new year to all our readers! To kickstart this year's edition of Technopolitik, we have assembled a list of predictions for 2023 across tech sectors, ranging from online regulation, biotech and outer space. Maybe we can take stock of these predictions and see how much of it we got wrong (or right) at the end of this year!Beginning from this edition, we also introduce a new section to our newsletter called Biopolitik, while will cover all the fascinating tidbits about the biotechnology industry and its intersection with policy and politics.Be sure to check out our Reading Menu. This edition lists some of the best books that the authors have read from last year. With that, we wish you a great year ahead!Cyberpolitik #1: Regulatory tech battles in India— Shailesh ChitnisBig tech is vulnerable. For the first time in big-tech history, technology platforms are confronting slowing growth and bottom-line pressures. Aggressive expansion during the pandemic years has given way to cost-cutting during a cooling economy.Amazon recently announced plans to cut 18,000 workers, mostly in the retail, recruiting and devices businesses. Meta, the parent of Facebook and Instagram, has cut more than 11,000 workers, or about 13% of its staff. It's a similar story across other platforms — Salesforce, Snap, Twitter — no one seems immune.Against this backdrop, regulators are getting more active in reigning in what they see as an overreach by these platforms. In the past, Indian regulators had given technology platforms a free hand. But increasingly, the Indian government has signalled its intention to shape the country's technology landscape.In a series of rulings in October, the Competition Commission of India (CCI) fined Google almost Rs. 2,300 crores for abusing dominance with its Android operating system and the Play Store. The government is also getting into specifics of technology implementation with new rules around standardising chargers (USB-C) and upholding consumers' right-to-repair for devices.In 2023, expect more activity. The gatekeeping role of Apple and Google, which they exercise through their app stores, will be challenged. But since commissions from these stores are a significant revenue source for both these companies, any moves to change this structure will be a long legal battle. With the government's active role in market design, expect more public battles between incumbent tech and the government. Adding to the tech vs regulators battle, India will also be gearing up for general elections in 2024. As the elections draw closer, we can expect the conversations and controversies on the role of social media platforms in disseminating information to be pitched even further.Indeed, 2022 was a busy year for technology policy-making with the semiconductor manufacturing policy and a revised draft of the much-awaited digital data protection bill. But this year, the government has promised to introduce a complete overhaul of the IT Act, which governs much of the digital ecosystem. The IT Act was passed in 2000 and needs to be set up for all the complexity of the internet today - from intermediaries and platforms to AI and data privacy. We also expect the bill's first draft to cover a wide range of online platforms, including social media sites, e-commerce entities and ad-tech platforms.This act can have far-reaching consequences for businesses and civil society since all problems are now technology problems in some form.Biopolitik: Pandemics and regulatory politics— Saurabh TodiThe World Health Organisation (WHO) in 2023 is expected to accelerate negotiations on a draft international pandemic treaty governing prevention, preparedness, and response to future pandemics. The World Health Assembly (WHA) in December 2021 launched the process of negotiating a historical global accord. It established an International Negotiating Body (INB) to formulate a 'WHO convention, agreement or another international instrument' to aid a united global response to any infectious disease crises in the future. Countries felt the need for a new treaty due to various challenges made conspicuous by the experience of the ongoing COVID-19 pandemic. These include equitable distribution of vaccines and health services among and within countries, knowledge and data sharing, and strengthening countries' capabilities to respond to health emergencies. Although there has been a broad consensus on the ways of working and broad policies that will guide this process, there are also significant disagreements between member states.A central sticking point is the legal nature of this treaty. While the majority of the WHO member states favour a legally-binding instrument, there are differences in how to approach this issue. For example, the WHA has agreed to adopt the global instrument under Article 19 of the WHO constitution, which enables the assembly to draw up binding agreements on a wide range of issues under its mandate. But some countries want the treaty to fall under Article 21, which limits the number of topics that can have binding agreements. Furthermore, some prefer "non-legally binding recommendations" in the draft.In December 2022, at the third meeting of the Intergovernmental Negotiating Body (INB), a Conceptual Zero Draft (CZD) of the instrument was released, which has been developed by the Bureau of the INB following widespread consultation. During the meeting, the task fell on INB to develop a "zero draft" in order to start negotiations at the fourth INB meeting scheduled for February 2023. The WHO has committed itself to a timeline where INB will deliver a progress report to the 76th World Health Assembly in 2023 and; submit an outcome document for consideration by the 77th World Health Assembly in 2024.Interestingly, India has maintained a studied silence over its position on this proposed treaty. As an advocate of the interests of the global south, it must ensure the security of the interests of the developing countries during these negotiations. Given the difference of opinion among countries on these issues, it would be interesting to see how the global community reaches a consensus on this crucial initiative.Antariksh Matters: A Space Policy at Last?— Aditya RamanathanAgainst my better judgement, I am going to make predictions that may be largely wrong. First, the easy part: sometime in 2023, the Indian government will release a Space Policy. While the release of this policy has been long-promised, it is more likely than not to be finally made public this year. Now, the more difficult part: predicting some of the broad contours of the policy. I'll start with some brief background. In 2017, the government released a draft Space Activities Bill for comments. The bill was an important step in laying down a legal framework under which space companies can operate. However, the feedback wasn't good. The bill had vague definitions and granted excessive discretionary authority to government officials. As an example of vagueness, the bill only covered Indians or private entities registered in India, leaving foreign collaborators in a regulatory dead zone.Similarly, it defined ‘space activity' so broadly that even a start-up doing preliminary research and development might find itself coping with a barrage of licensing requirements. The draft bill also offers little clarity on liability. India is a signatory to the 1972 Liability Convention, which makes states liable for damage caused by space activities. The bill simply states that the government will decide the amount of money for which a private entity is liable - the sort of provision that is virtually guaranteed to scare off investors. A lot has changed since 2017. The government has pledged to revise the 2017 draft bill based on comments received. It has also created the Indian National Space Promotion and Authorisation Centre (IN-SPACe) to act as a nodal agency for private space companies. The next steps are to release a Space Policy followed by the heavily modified Space Activities Bill. So here are my three predictions for the Space Policy:One, the policy will be genuinely oriented towards encouraging private sector space activity and will identify it as a key priority for India. There's enough evidence that the government takes this seriously. The private space economy is (rightly or wrongly) seen as an important component of the “Atmanirbhar Bharat” vision of a self-reliant India. The space economy is also seen as a key catalyst for high-technology industries. The Indian Prime Minister's push for the creation of the industry body Indian Space Association (ISpA) is indication enough that this support extends to the apex of the political leadership. Two, despite this commitment to private industry, the verbiage of the space policy will still place the Indian Space Research Organisation (ISRO) at the centre of India's space aspirations. Indeed, it is quite likely that the policy will consider the primary role of India's private sector to be a supporting ecosystem for ISRO rather than a dynamic entity in its own right. This is a somewhat shakier prediction to make, and it is, more than anything else, a hunch based on statements made by ISRO officials and an awareness of the influence ISRO and the Department of Space wield. Three, the policy will likely offer a potential solution to the issue of liability. I suspect the proposal it will come up with is the creation of a space liability fund that can act as a sort of insurance pool. Typically, such funds will be built by space companies pledging a portion of their profits, but the details would probably only become clear in the Space Activities Bill. So that's my largely optimistic prediction for 2023. Whatever the actual outcomes, we'll dissect them in detail for you in this newsletter.Cyberpolitik #2: In Service of the Digital Public Infrastructure— Bharath ReddyAs we enter 2023, we will see increased deployment of different facets of digital public infrastructure (DPI). As we have seen with UPI, this can lead to financial inclusion and empowerment of citizens, but it comes at the cost of centralising platforms in the hands of the government.Different facets of DPI, such as the Account Aggregator framework, Open Credit Enablement Network, UHI for health, and enhancements to Aadhaar and Digilocker, are expected to be deployed and adopted widely. These improvements will likely lead to the seamless delivery of services and unlock easy access to citizens' data across different silos. In addition to this, as Rahul Matthan writes, DPI will also serve as a techno-legal framework for data governance. Across the world, governing how data is collected and used has proved to be a challenge. Regulations have yet to be successful. Companies have been able to circumvent the law, and the capacity required for enforcement is also relatively high. Moreover, since DPI can be encoded into the public infrastructure, they might offer a better solution for compliance. Requests for data, consent and provision of minimal purpose-specific data can be built into the infrastructure, making compliance easier to enforce.However, these advantages come at the cost of concentrating power over the platforms in the hands of the state. The state has access to large amounts of citizens' personal data and is responsible for safeguarding it. It also has regulatory control and gatekeeping privileges for these critical platforms. Concerns over regulatory access are critical given that we expect the Digital Personal Data Protection Bill (DPDPB) and Telecom Bill to be tabled in Parliament this year. The broad exemptions granted to government entities and the lack of independence of the proposed Data Protection Board in the draft DPDPB, 2022, are a cause for concern. The draft Telecom Bill 2022 has expansive definitions and allows for greater state surveillance. Since both bills have received comments already, we can expect them to be passed this year. The checks and balances they will enforce will play a crucial role.Our Reading Menu[Book] Chip War: The Fight for the World's Most Critical Technology by Chris Miller.[Book] 10% Human: How Your Body's Microbes Hold the Key to Health and Happiness by Allana Collen.[Book] Human-Build World: How to Think about Technology and Culture by Thomas P. Hughes.[Book] The End of Ownership: Personal Property in the Digital Economy by Aaron Perzanowski and Jason Schultz. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit hightechir.substack.com
It appears that despite inflation, Tinder recorded growth in paid subscribers. According to the BBC, Tinder's paid subscriptions grew by 7% from July to September.In other news, after automobiles, it looks like India's defence sector is going through a big transition. It's not only aiming for self-reliance but also pushing to become a global hub for weapon production.You can listen to this show and other awesome shows on the IVM Podcasts app on Android, iOS or any other podcast app.You can check out our website at https://ivmpodcasts.com/.Do follow IVM Podcasts on social media.We are @IVMPodcasts on Facebook, Twitter, & Instagram.Follow the show across platforms:Spotify, Google Podcasts, Apple Podcasts, Amazon Prime Music. See omnystudio.com/listener for privacy information.
Global Policy Watch #1: The Many Transitions In China Global issues and their implications for India— RSJIn a few editions in the past, we have alluded to structural challenges in the Chinese economy and the window of opportunity that it presents India. I thought it would be useful to take a more comprehensive view of this. China reported a GDP growth of 0.4 per cent in the quarter that ended in June 2022. China's National Bureau of Statistics (NBS) isn’t known for its allegiance to truth. It is safe to assume the real GDP would have shrunk in the quarter. The daft ‘zero Covid’ policy led to total lockdowns in major cities during the quarter. The government crackdown on the real estate sector has meant that investment in the sector fell sharply. These contributed to the slowdown. Two other data points are interesting to note. The unemployment rate among the youth aged between 16-24 was at an all-time high of about 20 per cent. Also, retail sales continued to be weak at about 2.7 per cent, much below the 5 per cent forecast. Domestic consumption, the great desire of Chinese policymakers, remained sluggish. The spokesperson for the NBS put up a brave face while spinning these numbers as short-term bumps on the road. He raised the possibility of global stagflation and its negative impact on China to possibly justify weak numbers in the future. But is this slowdown just a blip in the impressive rise of China in the past three decades? I’m not sure. There are three transitions underway in China right now. It is difficult for nations to pull off any one of these in normal times. To attempt three simultaneously is ambitious. It is most likely to fail. Anyway, back to these transitions.The first transition started a few years back. This was forced on it because economics doesn’t bow to the party's diktats. China is finding it difficult to transition from a manufacturing-heavy, investment-led economic model to a consumption-driven one. This couldn’t be avoided. There would always be a limit to the world’s capacity to absorb China’s imports. Also, as China grew richer, it knew its low-cost edge in manufacturing would wither away. So after a few years of structural overinvestment in building capacity - the bridges to nowhere, the ghost cities, empty airports and other excesses - it had to pivot to a consumption-driven economy. It did try to delay the inevitable transition by aiming to export this overcapacity through its belt and road initiative. But after the initial hoopla, most countries have come to see it as what it is. A debt trap. So, this transition was necessary to move away from growth predicated on size and scale of investment to a more sustainable model of higher quality. But this is proving to be difficult. The history of unproductive investments has led to a debt build-up in the system (the debt to GDP ratio in China is over 300 per cent) and a drag on productivity that will continue for a long time. The state-owned enterprises (SOEs) that led this investment-driven growth are in a debt trap, and many continue to stay afloat by evergreening their loans. New productive investments have suffered because of this. People aren’t sure of their future, so instead of consumption, there’s an increase in domestic savings. Also, the pandemic and the recent lockdowns haven’t helped consumption growth. This is going to be a long, painful road.The second transition has been brought upon it because of its confidence in creating a ‘patterned’ society based on a premeditated design of the society. The prime example of ignoring spontaneous order was its plan to control the population through a one-child policy. China is now past the peak of its demographic dividend. The Labour force in China peaked in 2015 at around 800 million. It has now shrunk to 783 million, almost what it was in 2010. In the next 15 years, this is projected to go down to about 650 million. The stupid notion of the population as a liability has meant a rapidly shrinking and ageing workforce. The government has now reversed the one-child policy with a two-child policy without learning that such top-down interventions worsen things. Other similar ideas like patterned migration from villages to specific cities, controlling information flow for its citizens and taking some lofty top-down emission targets that have contributed to a serious energy crisis right now will also turn out the same way. The fault isn’t in their stars but in their ideology. The final transition is the more perplexing one. This was articulated in a speech by Xi Jinping on August 17, 2021, where he introduced the notion of ‘common prosperity.’ This marked the most cogent articulation of Xi’s shift towards greater ideological rigidity. The days of economic growth based on ideological compromises were coming to an end. As Xi mentioned, ‘common prosperity is the essential requirement of socialism and an important feature of Chinese-style modernization’ and China ‘must resolutely prevent polarization, promote common wealth, and achieve social harmony and stability.’ The crackdown on the consumer tech sector (virtually destroying Jac Ma’s empire) and the ‘three red lines’ drawn for the real estate sector, that has disproportionate weight on its economy, should be viewed in this backdrop. It is unclear whether this is a real commitment to ideology or a way to consolidate his position as dictator-for-life by appealing to the masses. But Xi has doubled down on this, as seen by his remarks at the World Economic Forum:"We will first make the pie bigger and then divide it properly through reasonable institutional arrangements. As a rising tide lifts all boats, everyone will get a fair share from development, and development gains will benefit all our people in a more substantial and equitable way,"In my (very broad) view, Xi has concluded that China might have peaked in economic growth. You start talking about redistribution and ‘dividing it properly’ when you know the pie won’t grow at the same rate as it was earlier. Importantly, I also suspect this is the reason why Xi is acting like a bully in the neighbourhood. If you know you have hit the peak of your geopolitical and geoeconomic leverage, you will be foolish to let the moment pass without maximising your gains.Some might argue furnishing other economic data that this ‘peaking’ theory isn’t true. China is still a global manufacturing engine. Its trade surplus has ballooned in the past year suggesting the world is hungrier for its goods. And so on. There’s this insightful column by Michael Pettis in FT that I will quote, which puts in perspective the record trade surpluses that China has been notching up in recent months while making these three transitions together. Pettis writes:Contrary to what many assume, the country’s burgeoning trade surplus is not a symptom of manufacturing prowess, nor is it evidence of a culture of thrift. It is instead a consequence of the great difficulty China has had in rebalancing its domestic economy and reining in its soaring debt. This is because the very conditions that explain stagnant domestic consumption also explain the rapid growth in Chinese exports relative to imports.Beijing has known the solution to this problem for years. In order to control soaring debt and the non-productive investment it funds, it had to rebalance the distribution of income by enough that growth would be driven mainly by rising consumption, as is the case in most other economies. But this requires a politically-difficult restructuring of the economy in which a larger share of total income — as much as 10-15 percentage points of GDP — is transferred from local governments to Chinese households.This is why the trade surplus matters. In recent years, Beijing has tried to slow the growth in debt by reducing non-productive investment in property and infrastructure. This year, as we saw with Evergrande, Beijing came down hard on the property sector.If a rising share of China’s total income had been going to ordinary households, the resulting reduction in investment by property developers could have been balanced by a rise in consumption. But that’s not what’s happened. In the past two years, partly as a consequence of the Covid pandemic, growth in wages has actually lagged behind growth in GDP. The share Chinese workers have received of what they produce has declined rather than increased, and with it so has the share they are able to consume.Rising exports are usually a good thing, but for countries like China, rising trade surpluses are not. In this case they are symptoms of deep and persistent imbalances in the domestic distribution of income. Until the country is able to reverse these imbalances, something which has proven politically very difficult, these large surpluses are just the obverse of attempts by Beijing to control debt, and so they will persist.For India, all of this is a golden opportunity. China will remain busy with these transitions that it has wrought upon itself. The jury is still out on whether it will have a soft landing on them. Global businesses that started seeking more resilient and cost-effective alternatives to China during COVID-19, are now convinced that they must employ a ‘China + 1’ model to safeguard their long-term interests. There are only that many economies that have the labour pool, capital and a business environment that can take advantage of this shift away from China, however gradual. To me, it might be faster than what we all anticipate. And it will pass India by if it doesn’t stay alert to its possibilities.There is a high likelihood of a golden decade ahead for MSMEs in India if it plays its cards right. A long overdue factor market reforms (possible at the state level), kickstarting a government capex cycle that will instil confidence in the private sector to follow suit, not overdoing aatmanirbhar Bharat beyond the rhetoric and remaining an open and liberal democracy that convinces others that it will have sufficient checks and balances to not lose its way. These are the basic block and tackle moves to capitalise on the opportunity. Because the only lesson to learn from a possible China misstep is that overdetermined leadership and top-down economic thinking eventually fail.Course Advertisement: The Sept 2022 intake of Takshashila’s Graduate Certificate in Public Policy programme ends soon! Visit this link to apply.India Policy Watch #1: A Potent CocktailInsights on burning policy issues in India— Pranay KotasthaneThe ongoing political saga in Delhi over a new (now suspended) excise policy is a heady cocktail for policy analysts. The cocktail’s components include a tussle over alcohol licenses, Maximum Retail Price (MRP), privatisation, regulation, allegations of corruption, rent-seeking, and political contestation.The political motivations behind the current actions are quite clear. But it might be useful to look at the under-discussed policy aspects of the debate. Useful, because it’s not the last time we have seen a stand-off on alcohol policy.The underlying motivation for the Delhi Excise Policy 2021-22 is to increase government revenue. Although we know that the best way to do that is lower the tax rate and broaden the base, India’s poor economic performance over the last decade has made it politically risky to bring additional people under the tax net. Hence, states are opting for the easier—and counterproductive—option instead: raise tax rates and increase non-tax revenue. With the GST taking away the power to raise tax rates on most items unilaterally, state governments are exploring other options. One lucrative option is liquor excise. The Indian State heavily regulates the production, sale, and consumption of alcohol. Streamlining the licensing policies for the production and sale of alcohol can generate non-tax revenue, while higher overboard consumption can result in an increase in tax revenue (excise duty). One reform, two revenue handles. This is why the Aam Aadmi Party (AAP) governments in Delhi and Punjab have set their eyes on this sector. Moreover, raising the fees on government-provided private goods doesn’t fit its existing political persona. To be fair, the Delhi Excise Policy 2021-22 is fairly progressive. It states that the policy's objectives are to augment the state excise duty revenue, simplify liquor pricing, prevent duty evasion, and transform the liquor trade commensurate with Delhi’s position as a city of global importance. To achieve these objectives, the policy aims to award new licenses for alcohol sale, dividing the city into 32 zones, with a fixed number of shops allowed per zone. It aims to end government-run booze shops, distributing those licenses to private players instead. To foster competition, it allows shops to offer discounts below the Maximum Retail Price (MRP), permits shops to stay open till 3 am, and authorises bars to serve alcohol in licensed open spaces. A report in the Business Standard captured the view of a craft beer brand as follows:“The new excise policy is facing teething issues like any other but we find the policy very good since there is now a lot more opportunity to showcase our brand. Earlier, stores were dingy with no proper brand display, but now the stores have a mandated minimum floor area and are women-friendly. This helps with visibility of our brand.” There were quite a few initial hiccups. Some dealers started giving deep discounts to capture the market. That led the government to change the no-MRP policy to a “discount only up to 25% of MRP” policy. After that, retailers started offering “buy one bottle, get another free”. And hence, big dealers could attract more customers, while the smaller ones were finding it difficult to compete. Some licenses didn’t attract any buyers at all. These seem to be transient-state shocks. The steady-state promised to be much better. Alas.Reforming a tightly regulated policy area in which powerful rent-seekers have flourished for decades is not easy. The old status quo has powerful defenders. Like many other reforms, the benefits are widely dispersed while the costs are concentrated. And so, many existing licensees have ganged up on the government. We can be sure that some of these licensees also have political connections, which they have used to oppose the policy. There is also the additional issue specific to alcohol — any policy that is seen to liberalise its sale becomes an easy target for conservative moralisers. Further, the Delhi government made a mistake by pausing the policy implementation amidst the criticism.Then came the political pushback. Despite the government’s revenue increasing by 27 per cent after the policy was put in place, some notional revenue loss of the “2G spectrum allocation” vintage has surfaced. There are also charges of favouritism and corruption in the allocation of new licenses, an issue so sensational that it requires the combined might of the Central Bureau of Investigation (CBI) and the Enforcement Directorate. (Sarcasm is intended.) Many state governments must be eying this Delhi experiment with excise policy reform. Moreover, this case illustrates the difficulty in reforming sub-optimal licensing arrangements. As for the Delhi government, are they reaping what they sowed in the name of anti-corruption?Global Policy Watch #2: Xi Jinping’s Thoughts Global issues and their implications for India— RSJTalking of China (and I’m intruding into Pranay’s area of expertise), I came across this wonderful blog, globalinequality by Branko Milanovic. In his latest post, he writes about what he learnt from reading a translated version of the book, ' Anecdotes and Sayings of Xi Jinping’. Milanovic writes:The undisputable emphasis in the “Chinese” part of the book is on the matters of governance. By giving numerous examples from Chinese history of rulers and their aides who cared about people’s welfare, lived modestly (“One should be the first when taking care of state affairs, the last when taking care of personal affairs”), strove to improve themselves morally and educationally, Xi proposes a theory of governance that is based on virtue of rulers and results achieved, not procedure. While Western theories emphasize the procedural aspect (how is one selected to be the ruler, is it by a well-established democratic process or not), Xi’s concern is with the results. The tacit premise is not to discuss how one is selected to rule….The success is defined in terms of improvement in the well-being and happiness of people whom they govern.…In all cases of a good rule, there is the emphasis on individual characteristics of rulers. What is required, they (the editors) write, is “morality inside and virtue outside”; what is sought is the rule of virtue, and by virtue. But how to bring about such a rule? Obviously, by having moral rulers. Hence--the reader begins to realize--Xi’s ideological campaign: if Confucian-cum-Communist ideology is disregarded and everything is simply esteemed in terms of money and economic success, there cannot be a moral and virtuous rule.The key question, unanswered in the book, then becomes: is it possible to achieve an educational and moral “rejuvenation” under the current “normal” conditions of capitalism where money-making is held by the majority of the population to be the highest objective revealing also one’s individual worth?Xi is fighting against the spirit of the times, and while his struggle may be driven by a genuine desire to create a morally superior China, the odds of succeeding in this endeavor are, I am afraid, not particularly high. This is, to put it mildly, a brilliant summary of the ideological battle Xi has picked up and his odds of winning it. I tend to agree with its conclusion. India Policy Watch #2: Value Addition, Not Import SubstitutionInsights on burning policy issues in India— Pranay Kotasthane“Import Substitution” is still in vogue. One would have thought that the unsuccessful pursuit of this goal since independence would’ve discredited it. That doesn’t seem to be the case.Every few weeks, we come across policies targeting import substitution, implicitly if not explicitly. Just a few days back came the rumour that the government plans to ban Chinese phones priced under Rs 12,000 in order to give a leg up to domestic champions. Thankfully, unnamed sources in the government have denied this story for now. Even so, import tariff hikes and industrial policies continue to chase the illusory target of import substitution. Some policies for display fabs and drones explicitly mention import substitution as the target. Of late, this idea has morphed into targets for maximising value addition per unit of exports. Now, readers of this newsletter know what we think of this idea. In edition #161, we had warned that Atmanirbhar Bharat is approaching a wrong turn. We have also cautioned against the proliferation of Production Linked Incentives (PLIs) beyond a few critical sectors. I will make the case against import substitution in this edition using another example. Look at the chart below, which shows the import profile of a country for the year 2020. This country’s largest import by value is Integrated Circuits (chips) at 18.8%. The total import bill is $259 billion. Can you guess the country? If you need a hint, here’s one: as exports rise, imports also rise. The world’s top two exporters are China and the US. And the world’s top two importers are also the US and China.The answer is neither the US nor China. India can be ruled out because we know that our biggest import is crude oil. Here’s another hint. Look at this country’s export profile for the same year. Its biggest export is again integrated circuits, at 36.9% out of a total exported value of $374 billion. Do you have an answer now? The right answer might surprise you. This is the typical year-wise trade profile of a country that is acclaimed as the world’s semiconductor superpower: Taiwan! We forget that despite its unmatched prowess in contracted chip manufacturing, Taiwan is not even close to being self-sufficient. Some Taiwanese companies import chips, do value addition through packaging and testing, and then export the final commodity. A portion of the imported chips goes into the machines that are used to manufacture chips by the famed Taiwanese chip foundries. The fundamental message is that imports are critical to exports, even in sophisticated economies. PLI scheme began with the aim of promoting India’s exports. But my sense is that import substitution has displaced exports as the primary goal. How else does one explain the simultaneous increase in import tariffs and a phased manufacturing programme (PMP) that aims to increase tariffs on imported components? Atmanirbhar Bharat needs to return to its goal of creating competitive manufacturing capabilities in India by allowing companies to start, grow, and close with considerably less bureaucratic friction. Shielding domestic component makers from international competition on the one hand, and subsidising end-equipment manufacturers on the other will end up helping neither. Equipment manufacturers will merely make expensive, poor-quality products. Some others will use the production subsidies to import components at higher prices, with no net benefit to them or the consumers. As RSJ writes in the first section, this decade is India’s to lose. Imports aren’t evil. Target value maximisation, not import substitution. Counterproductive policies targeting import substitution won’t help. HomeWorkReading and listening recommendations on public policy matters[Article] Why the MRP should be abolished. A 2015 article by Anupam Manur remains relevant. [Paper] PIIE has a good paper with a framework to analyse the world’s dependence on China for strategic minerals.[Book] Scarcity: Why Having Too Little Means So Much by Sendhil Mullainathan and Eldar Shafir is a useful read. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit publicpolicy.substack.com
सुनिए गोपाल दास सैनी की प्रेरक कहानी। मूल रूप से उदयपुर के रहने वाले गोपाल दास जीबीएच अमेरिकन हॉस्पिटल में कार्यरत एक मेहनती फार्मासिस्ट हैं।ये यहाँ मेडिकल और सर्जिकल स्टोर ऑफिसर के पद पर कार्यरत हैं। काउंटरों की सभी खरीदारी स्टोर मैनेजर द्वारा की जाती है। इन्वेंट्री को कण्ट्रोल करना और खरीदना और फिर सभी पांच काउंटरों पर माल पहुँचाना इनका मुख्य कार्य है। 2005 से, ये इस हॉस्पिटल में अपनी सेवाएं दे रहे है। और यहां अपने काम से बहुत संतुष्ट है और अच्छा अनुभव प्राप्त कर रहे है। पूरी कहानी पढ़ें https://stories.workmob.com/gopal-saini-hospital-health-care वर्कमोब द्वारा #मेरीकहानी कार्यक्रम के माध्यम से एक नयी पहल शुरू की गयी है जिसके ज़रिये हर कोई छोटे बड़े बिज़नेस ओनर्स अपनी प्रेरक कहानियों को यहाँ सभी के साथ साझा कर सकते है। क्योंकि हर शख्स की कहानी में है वो बात जो जीवन को बदलकर एक नयी दिशा दिखाएगी, और ज़िन्दगी में ले आएगी आशा की एक नयी चमकती किरण। #बनाओअपनीपहचान #प्रेरककहानियाँ #गोपालदाससैनी #जीबीएचअमेरिकनहॉस्पिटल #हॉस्पिटल #फार्मासिस्ट #मेडिकल #सर्जिकल #स्टोरऑफिसर जानिए वर्कमोब के बारे में: जुड़िये वर्कमोब पर अपनी कहानी साझा करने और प्रेरणादायक कहानियाँ देखने के लिए। ये एक ऐसा मंच है जहां आप पेशेवरों, लघु व्यापारियों, उद्यमियों और सामाजिक कार्यकर्ताओं की वीडियो कहानियां देख सकते हैं और दूसरों को प्रेरित करने के लिए अपनी व्यक्तिगत और व्यावसायिक कहानी सभी के साथ साझा कर सकते हैं। आपकी कहानी में लोगों को आशा देने, प्रेरणा देने और दूसरों का जीवन बदलने में मदद करने की एक अद्भुत क्षमता है। यह 100% मुफ़्त है। इस लिंक पर क्लिक करें और देखें प्रेरक कहानियां https://stories.workmob.com/हमारे ऐप्प को डाउनलोड करें: Android: https://play.google.com/store/apps/details?id=com.workmob iOS: https://apps.apple.com/in/app/workmob/id901802570
At a time when the Central government says it is liberalising India's economy, its economic policymaking on the external front has been marked by rising protectionism. With policies such as Atmanirbhar Bharat, there seems to be a conscious effort to protect the domestic economy from foreign competition. This raises questions on whether the government's external protectionism is compatible with its promise of liberalising India's economy. Here we discuss the model of industrial policy that should be the way forward. Guests: Ajay Shah, Research Professor of Business at Jindal Global University; Biswajit Dhar, Professor at the Center for Economic Studies and Planning, Jawaharlal Nehru University Host: Prashanth Perumal
Over the last five years, the Indian government has been focusing on increasing the number of patents that are being filed in the country. And now, we can see the results -- the Economic Survey 2021-22 showed that the filing of intellectual property patents in India has increased 30 per cent in the last five years and the number of patents granted in the period almost tripled.This increase in patent filing has helped India's ranking in the Global Innovation Index -- it has risen from 81 in 2015-16 to 46 in 2021. But, given the large population and the sheer size of our country, are we living up to our potential? What are some of the areas we need to work upon? On the occasion of World IP Day, we speak to Patrick Kilbride of the US Chamber of Commerce Global Innovation Policy Centre and Swetha Singh, CEO, EnnobleIP and patent law expert. Listen in to our conversation. --- Send in a voice message: https://anchor.fm/business-line/message
mach33.aero is India's first public private partnership to promote innovation and entrepreneurship in aviation. aerspace and spacetech CSIR – NAL and Social Alpha are collaborating to establish mach33.aero, a deep tech innovation and entrepreneurship promotion initiative focused on “lab to market” enablement of Aviation, Aerospace and Sapcetech Engineering innovations and its wide-ranging applications across diverse sectors like SpaceTech, Defense, Air Mobility, Agriculture, Climate Change, Natural Resources Management, Insurance and Weather Forecasting. The idea is to catalyse, incubate and accelerate start-ups and SMEs for Atmanirbhar Bharat in these sectors of national strategic importance.White paper on Indian supplier landscape: “Driving innovation in the Indian space sector using digital technologies”Discover how Dassault Systèmes can help New Space companies achieve fast, sustainable innovation: The New Frontier of Satellite Technology 3D Perspective on New Space, new horizons Support the NewSpace India podcast by becoming a Patreon - https://www.patreon.com/newspaceindiaWant to keep in touch with the NewSpace India community? Do join us on Discordhttps://discord.gg/WRJ8Yagb8TUniverse by Sappheiros https://soundcloud.com/sappheirosmusicCreative Commons — Attribution 3.0 Unported — CC BY 3.0★ Support this podcast on Patreon ★
An operating system is a software programme required to operate and manage a computing device like smartphone, tablet, computer, smartwatch etc. It is the operating system that eliminates the need to know coding language to interact with computing devices. At the heart of an operating system is the kernel, which controls all major functions of a computer's hardware. The kernel resides in the system's memory – responsible for memory management and process management. It decides which process gets the processor resources when and for how much time. Applications that are visible to the users like web browsers interact with the kernel through a set of functions called system call interface (SCI). The three widely-used operating systems for computers are Microsoft's Windows, Apple's macOS and open source operating system Linux. Windows is pre-loaded on most computers, except Apple devices. MacOS comes as pre-loaded OS on all Apple computers. While Linux is not pre-installed on many computers, it is free to download. In the smartphone segment, Android commands a 70% market share and iOS 30% in India. Other mobile operating systems have a negligible presence. India's plant to support the development of indigenous mobile OS could be aimed at countering the dominance of American tech giants Google and Apple. Previously, companies like Microsoft and Blackberry had developed their own mobile OS, but they have been discounted amid the growing influence of Android and iOS. Earlier, the government had attempted to develop its own OS named Bharat Operating System Solutions, which didn't find many takers. Indus OS, created by a group of IIT graduates in 2013, also couldn't garner many fans. This time, the government is hopeful to negate the Google-Apple duopoly riding on India's thriving tech startup ecosystem. The government is looking for capabilities within start-up and academic ecosystems for development of the indigenous operating system. To this end, the union minister had hinted at plans to come up with a policy that will facilitate India's startups and internet entrepreneurs to develop it. In fact, Indian startups have long been complaining about the charges levied by Apple AppStore and Google Play for hosting apps in their platforms. An indigenous operating system also gives the government a degree of control on the apps hosted, data sharing, security and more. The plan is in line with its Atmanirbhar Bharat or Self Reliant India policy. Watch video
Listen to Garima Sodhi where she effortlessly talks on varied topics like economics, sports, fitness, and life and has some really interesting takes on them which leaves you with a broader perspective & better understanding.
On this special episode, we look back at 21 moments from 2021 across 86 episodes covering Politics, Policy, and Culture. Watch this video and check out our best moments from the last year. Jeffrey Archer - Why He Releases in India First - https://youtu.be/l4E3BOvdEyM Vijay Gokhale - How Does China Negotiate - https://youtu.be/jgEv4C86HFk Velina - New Geopolitical Order Post-Trump - https://youtu.be/jrtW5rHJfSs Hizbu - Humanitarian Situation In Afghanistan - https://youtu.be/EiZR1EOfo5k Sanjeev Sanyal - Economic Recovery Post-COVID - https://youtu.be/3RJ8pp_oSpw Nimish - Startup Boom in 2021 Explained - https://youtu.be/OBI3rl5VdDk Rajeev Mantri - India Startup IPOs After Zomato - https://youtu.be/OBI3rl5VdDk Harsh Gupta - Economic Impact Of 2nd Wave - https://youtu.be/8oNDuDMUxKE Ruchir Sharma - Foreign Press against Modi - https://youtu.be/rydhfyKATFw Anand Ranga - Justification for Farm Laws - https://youtu.be/yTjBYG0NXDY Jayant Sinha - Being Competitive While Being Sustainable - https://youtu.be/IS6HLVVefLk Rameesh Kailasam - How Should Regulators Approach Cryptocurrency? - https://youtu.be/uKLANrQFzQ0 Sridhar Vembu - Developing Indigenous Capabilities for Atmanirbhar Bharat - https://youtu.be/bD_RTcRqzVc Shailesh Pathak - Global best practices that can be used in India - https://youtu.be/7P5d6PMN9UU Rajiv Malhotra - Impact of AI - https://youtu.be/xNbCLELGobg Amish Tripathi - Individuality vs. Collectivism - https://youtu.be/K0xfcAf47WI Anand Ranganathan - Freedom Of Speech In The Social Media Era - https://youtu.be/YZUDfRY6QMo Shakti Sinha - Shri. Atal Behari Vajpayee's significance - https://youtu.be/JQjIXLI1FmI Vivek - Counterfactual: What if Bose had come back to India? - https://youtu.be/xzt0TrXtNnU Nitin Gokhale - Manohar Parikkar's Informal Style- https://youtu.be/dr53ylSfcII Shridhar Venkat - How Akshaya Patra Helps Children Realize Their Dreams - https://youtu.be/8cuUA5M2Sg0 Join this channel to get access to perks: https://www.youtube.com/channel/UCfBfBd-1kvCOPxVll8tBJ9Q/join
On this special episode, we look back at 21 moments from 2021 across 86 episodes covering Politics, Policy, and Culture. Watch this video and check out our best moments from the last year. Jeffrey Archer - Why He Releases in India First - https://youtu.be/l4E3BOvdEyM Vijay Gokhale - How Does China Negotiate - https://youtu.be/jgEv4C86HFk Velina - New Geopolitical Order Post-Trump - https://youtu.be/jrtW5rHJfSs Hizbu - Humanitarian Situation In Afghanistan - https://youtu.be/EiZR1EOfo5k Sanjeev Sanyal - Economic Recovery Post-COVID - https://youtu.be/3RJ8pp_oSpw Nimish - Startup Boom in 2021 Explained - https://youtu.be/OBI3rl5VdDk Rajeev Mantri - India Startup IPOs After Zomato - https://youtu.be/OBI3rl5VdDk Harsh Gupta - Economic Impact Of 2nd Wave - https://youtu.be/8oNDuDMUxKE Ruchir Sharma - Foreign Press against Modi - https://youtu.be/rydhfyKATFw Anand Ranga - Justification for Farm Laws - https://youtu.be/yTjBYG0NXDY Jayant Sinha - Being Competitive While Being Sustainable - https://youtu.be/IS6HLVVefLk Rameesh Kailasam - How Should Regulators Approach Cryptocurrency? - https://youtu.be/uKLANrQFzQ0 Sridhar Vembu - Developing Indigenous Capabilities for Atmanirbhar Bharat - https://youtu.be/bD_RTcRqzVc Shailesh Pathak - Global best practices that can be used in India - https://youtu.be/7P5d6PMN9UU Rajiv Malhotra - Impact of AI - https://youtu.be/xNbCLELGobg Amish Tripathi - Individuality vs. Collectivism - https://youtu.be/K0xfcAf47WI Anand Ranganathan - Freedom Of Speech In The Social Media Era - https://youtu.be/YZUDfRY6QMo Shakti Sinha - Shri. Atal Behari Vajpayee's significance - https://youtu.be/JQjIXLI1FmI Vivek - Counterfactual: What if Bose had come back to India? - https://youtu.be/xzt0TrXtNnU Nitin Gokhale - Manohar Parikkar's Informal Style- https://youtu.be/dr53ylSfcII Shridhar Venkat - How Akshaya Patra Helps Children Realize Their Dreams - https://youtu.be/8cuUA5M2Sg0 Join this channel to get access to perks: https://www.youtube.com/channel/UCfBfBd-1kvCOPxVll8tBJ9Q/join
On this episode of the Traction podcast, host Lloyed Lobo of Boast.AI welcomes Sridhar Vembu, founder and CEO of Zoho Corporation (moderated by Frederic Lardinois at TechCrunch). Sridhar built Zoho, a software product firm valued at over a billion dollars, without a rupee of external funding—almost completely bootstrapped. Months before the pandemic, he moved from Silicon Valley to a village in Tamil Nadu, where he is now based. Years before Atmanirbhar Bharat became a slogan, Sridhar championed the cause of self-reliance and the creation of local employment. We hear about inequality, college debt, and a lot of other issues. Sridhar believes that the private sector has to solve these problems. "We are entrepreneurs and capitalists, and all of us have a responsibility." This is Sridhar's passion now. With exceptional clarity, superlative focus, and a philosophical "zen" like approach to both life in general and building software, Sridhar is the original “Sage of Software 2.0.” Podcast highlights: 1:43 - What Zoho used to be vs what it is now 6:20 - Doing things right against competitors 9:48 - Starting out without any venture capital 14:51 - The temptation to IPO 18:31 - How to market 44 products 19:52 - Additional potential Zoho products 22:55 - How to stay focused 24:07 - Zoho University Connect with Sridhar Vembu: https://twitter.com/svembu Learn more about Zoho at https://www.zoho.com/ This episode is brought to you by: Each year the U.S. and Canadian governments provide more than $20 billion in R&D tax credits and innovation incentives to fund businesses, but the application process is cumbersome, prone to costly audits, and receiving the money can take as long as 16 months. Boast automates this process enabling companies to get more money faster without the paperwork and audit risk. We don't get paid until you do! Find out if you qualify today at https://Boast.AI. Launch Academy is one of the top global tech hubs for international entrepreneurs and a designated organization for Canada's Startup Visa. Since 2012, Launch has worked with more than 6000 entrepreneurs from over 100 countries, of which 300 have grown their startups to Seed and Series A stage and raised over $2 Billion in funding. To learn more about Launch's programs or the Canadian Startup Visa visit https://LaunchAcademy.ca Content Allies helps B2B companies build revenue-generating podcasts. We recommend them to any B2B company that is looking to launch or streamline their podcast production. Learn more at ContentAllies.com
PM Modi on Friday outlined key goals for India under the Atmanirbhar Bharat campaign, an AIIMS doctor is on the run after being accused of rape by a colleague, Chennai Super Kings won their fourth Indian Premier League title on Friday and other top news in the bulletin.
Aprameya is no stranger to the entrepreneurial journey. He's the co-founder and CEO of Koo, a microblogging platform catering to the Indian vernacular. Koo was born as an offshoot of Vokal, a vernacular question and answer platform. Within one year, it amassed over a million users and became a force of its own.Before this, he was at the helm of TaxiForSure, leading it to a successful acquisition by Ola Cabs back in 2015. I was part of this journey, and Aprameya's clarity and grit has been something I've been aware of throughout.This was among my favourite conversations, and not just because of having known Aprameya for so long. It helped me better understand the fast-shifting world of content, and the directions in which it is headed.Koo is about to make some noise, and we are excited for it. Listen and find out more.00:00 - 3:10 - Introduction6:35-8:38- Parents not agreeing for his startup stint; Shift in his own inclination towards startups and getting conviction9:04-10:24- Grit to start TFS; anyhow getting people from point A to point B10:57-12:32- Angel Investors being very scarce and lack of information12:34-14:25- Market explosion and TFS being not really ready for it18:09-20:05- Grit to build for local language and not English: Vokal story- empowering non-English speaking crowd20:27-22:41- Challenges as a founder of shifting from a transactional business into a non-transactional business27:28-29:05- Pursuing the right person to rope him in as a co-founder32:08-34:04- Atmanirbhar Bharat victory, being just a 3 month old product!34:59-35:57- Moving fast to capture the Nigerian market44:11-45:03- Advice to new founders: Start early & Always trust in your first thought!Check out other episodes from the Insights Podcast series at https://www.seedtoscale.comShare your feedback and suggestions at https://www.twitter.com/Accel_India
Equity indices declined in the fag-end of the session on Monday, even as Finance Minister Nirmala Sitharaman announced relief measures for a battered-down economy. In an 8-point agenda, FM Sitharamam on Monday announced a Rs 1.1 trillion loan guarantee scheme for Covid-affected sectors, including a Rs 50,000 crore loan to the health sector aimed at scaling medical infrastructure targeting underserved areas. That apart, Sitharaman also announced an additional Rs 1.5 trillion for Emergency Credit Line Guarantee Scheme, launched as part of Atmanirbhar Bharat package. For the financial sector, the FM said MFIs can extend loans of maximum Rs 1.25 lakh to 2.5 million individual borrowers for a period of 3 years. Other measures included financial support to 11,000 registered tourist guides, extension of Atmanirbhar Bharat Rozgar Yojana, additional subsidy of Rs 14,775 crore to be provided for DAP and NPK fertilisers, and distribution of 5 kg of free food grains to the poor. With these measures in place, investors booked profit on the bourses, taking the benchmark S&P BSE Sensex to 52,735 levels, down 189 points or 0.36 per cent. The broader Nifty50, on the other hand, closed at 15,815 levels, down 46 points or 0.29 per cent. Both the indices had hit a lifetime high of 53,126 and 15,915.6, respectively earlier today. The broader market, on the contrary, resumed their uptrend and outperformed the headline indices. The BSE MidCap index ended at 22,639 levels, up 0.40 per cent while the BSE SmallCap index shut shop at 25,111, up 0.46 per cent. Among individual stocks, shares of Thyrocare Technologies tumbled 11.5 per cent to hit a low of Rs 1,281 apiece in the intra-day trade today after nearly 3.74 lakh shares changed hands on the BSE by 3:15 PM. Docon Technologies, along with API Holdings, the parent company of unicorn PharmEasy, had said on Friday that it will acquire a 66.1 per cent equity stake in the diagnostic chain firm for Rs 4,546 crore. They also made an open offer for acquisition of additional 26 per cent stake in Thyrocare at a price of Rs 1,300 per share. Meanwhile, newly listed Dodla Dairy closed at Rs 609 apiece, after debuting at Rs 550, a 28 per cent premium over its issue price of Rs 428 per share on the National Stock Exchange (NSE). KIMS, on the other hand, ended at Rs 987.5 after listing at Rs 1,009, up 22 per cent against its issue price of Rs 825 per share on the National Stock Exchange (NSE). Analysts suggest short-term investors should book profits in the counters while those for long haul should focus on fundamentals. According to Angel Broking, Dodla Dairy's valuations have turned expensive after today's 48 per cent rally over the issue price, leaving limited upside in the near-term. As regards KIMS, the brokerage says short-term investors should book profit at Rs 977 while long-term investors may book partial profit and hold the remaining quantity as the company can perform well in the long run. In another news, the Securities Appellate Tribunal (SAT) on Monday provided interim relief to Franklin Templeton Mutual Fund by partly staying an order passed by market regulator Sebi against the fund house. In a 100-page order, Sebi had rapped the fund house for “several irregularities” in the running of its six debt schemes that were wound up in April 2020. However, sources said SAT has stayed Sebi's order restraining the fund house from launching new debt schemes. It has also asked the fund house to deposit Rs 250 crore within three weeks in an escrow account. Global markets European travel stocks sank 2 per cent on Monday on the back of a spike in Covid-19 cases across Asia, while worries of a sudden tapering in ultra-loose global monetary policy in the wake of rising inflation pushed pan-European STOXX 600 down 0.2 per cent. In Asia, Japan's Nikkei was down 0.06 per cent and South Korea's Kospi eased 0.03 per cent.
Rahul is the founder and CEO of Flobiz, a company that primarily builds billing and inventory management softwares for Indian SMBs and works towards digitizing the SMB space. Rahul is a serial entrepreneur whose previous startups were Zaaika and Koinex. In this interview he spoke about building for SMBs, building trust with SMBs and more! Key highlights of this conversation: 00:00 Introduction 01:23 Rahul's entrepreneurial journey so far 03:58 Market to Idea to Company 07:16 Building for SMBs 11:35 SMBs' perception of software 14:20 Flobiz's popular use cases 18:16 Building for the Bharat User 23:49 Pricing a SaaS product 28:27 Building Trust with SMBs 34:13 Digitizing SMBs through covid 37:37 Flobiz's opportunities for expansion 39:28 Rahul's take on Atmanirbhar Bharat 43:08 Learnings from being a serial entrepreneur 48:00 Lessons from Operating through Covid -------------------------------- Connect with Rahul: LinkedIn: https://www.linkedin.com/in/startupkesari/ Twitter: https://twitter.com/startupkesari -------------------------------- Connect with us: Linkedin: https://www.linkedin.com/company/startupoperator Twitter: https://twitter.com/OperatorStartup -------------------------------- If you liked this episode, let us know by hitting the like button and share with your friends and family. Please also remember to subscribe to our channel and switch on the notifications to never miss an episode! --- Send in a voice message: https://anchor.fm/startup-operator/message
Electrifying the blood of Atmanirbhar Bharat.
सुनिए एक ऐसी शक्सियात की कहानी जिनका नाम है शालिनी दीवान। इन्होंने मदर टेरेसा को अपनी प्रेरणा माना। जिन्होंने अपना पूरा जीवन दुसरो की सेवा में ही समर्पित कर दिया। ऐसे वक़्त में जब ज़रूरतमंद लोगो के साथ कोई नहीं खड़ा था उस वक़्त अकेली वो ही थी जो उन असहाय लोगो के साथ खड़ी थी उनकी मदद के लिए। शालिनी दीवान मदर टेरेसा से वाकई में काफी इंस्पायर है और इन्हे अपना रोल मॉडल मानती है और ये भी अपनी लाइफ में कोशिश करती है ज़्यादा से ज़्यादा लोगो की मदद करने की। ये ग्लोबल फाइटर्स की प्रेजिडेंट है , सशक्त की फाउंडर है। एक मोटिवेशनल स्पीकर है और वैलनेस कंसल्टेंट भी है। 8 साल पहले इन्होने ग्लोबल फाइटर्स की स्थापना की ,और तब से दुसरो का जीवन सवारने का ये सिलसिला शुरू हुआ और इन्होने गरीब बच्चो को अच्छी शिक्षा मिले इसके लिए अपने स्तर पर प्रयास करने शुरू किये। फिर काशीपुर में इन्होने एक स्कूल भी बनवाया जहा अब करीब 300 बच्चे इस स्कूल में शिक्षा प्राप्त कर रहे है। तो इस तरह ये महिलाओ के लिए भी महिला शिक्षा योजना चला रही है और भी ऐसे कई सारे समाज सेवा के कार्य कर दुसरो की मदद के हर संभव प्रयास करती है।वर्कमोब द्वारा #मेरीकहानी कार्यक्रम के माध्यम से एक नयी पहल शुरू की गयी है जिसके ज़रिये हर कोई छोटे बड़े बिज़नेस ओनर्स अपनी प्रेरक कहानियों को यहाँ सभी के साथ साझा कर सकते है। क्योंकि हर शख्स की कहानी में है वो बात जो जीवन को बदलकर एक नयी दिशा दिखाएगी, और ज़िन्दगी में ले आएगी आशा की एक नयी चमकती किरण। #प्रेरककहानियाँ #प्रेरणा #असहाय #मोटिवेशनल #शिक्षा #महिलाशिक्षायोजना #समाजसेवा #आत्मनिर्भरभारत जानिए वर्कमोब के बारे में: जुड़िये वर्कमोब पर - ये है भारत का अपना एक प्रोफेशनल सोशल नेटवर्क। जोश और जुनून से भरी प्रेरणादायक कहानियां देखिये। मजेदार प्रतियोगिताएं खेलिए, उनका हिस्सा बने, लाइव जुड़िये, और भी बहुत कुछ पाए वर्कमोब पर । यह सौ प्रतिशत बिलकुल मुफ्त है। जाइये इस लिंक पर - https://stories.workmob.com और देखें ढेर सारी प्रेरक कहानियाँ। हमारे ऐप्प को डाउनलोड करें: Android: https://play.google.com/store/apps/details?id=com.workmob iOS: https://apps.apple.com/in/app/workmob/id901802570
Sridhar Vembu is the co-founder and CEO of Zoho, one of India's best known software companies. He is also among the most avant-garde thinkers today, reimagining how India should view Education, Economy, and Entrepreneurship.In this quickfire conversation with Roshan Cariappa, he speaks about receiving the Padma Shri award, his learnings from running Zoho, and hiring, retaining, and nurturing talent in his copnay. He went on to speak about increasing productivity in the Indian workforce, additions to the India stack, and possible steps that can be taken by the government to enable innovation.He also expounded upon the Atmanirbhar Bharat mission and offered his opinion on Building for Bharat. This podcast is at once insightful and informative and is a must listen for anyone interested in India's development. The podcast is available on YouTube, Apple, Google, Spotify, Breaker, Stitcher, and other popular platforms. If you liked this episode, then please rate, subscribe and share! #Bharatvaarta #BVPolicy #AatmanirbharBharat
Sridhar Vembu is the co-founder and CEO of Zoho, one of India's best known software companies. He is also among the most avant-garde thinkers today, reimagining how India should view Education, Economy, and Entrepreneurship. In this quickfire conversation with Roshan Cariappa, he speaks about receiving the Padma Shri award, his learnings from running Zoho, and hiring, retaining, and nurturing talent in his copnay. He went on to speak about increasing productivity in the Indian workforce, additions to the India stack, and possible steps that can be taken by the government to enable innovation. He also expounded upon the Atmanirbhar Bharat mission and offered his opinion on Building for Bharat. This podcast is at once insightful and informative and is a must listen for anyone interested in India's development. The podcast is available on YouTube, Apple, Google, Spotify, Breaker, Stitcher, and other popular platforms. If you liked this episode, then please rate, subscribe and share! #Bharatvaarta #BVPolicy #AatmanirbharBharat
One of Norway's leading experts on China, Knut Sørlie, joined us in this podcast episode. Listen to the episode and hear what he and Rina Sunder have to share when it comes to: Why does China have a 5 year plan?What is the status of the plan?Is India operating with a 5 year plan?Who has adopted the plan?We often hear Modi talk about a self-sufficient India. What does that entail?What is the main element of the plan?China and India's relationship seems conflicted. Can India compete with China in terms of planning?
Humans Of Bihar | Famous Personalities From Bihar | Bihari Founders
KESA LGA? ACCHA LGA? BURA LAGA? MST LGA? BAWAL LGA? HELLO EVERYONE! GREETING FROM HUMANS OF BIHAR. Our today's Humans of Bihar podcast show Guest is Mrs. Chhaya Kumar Ji CEO of Bihar Mahila Udyog Sangh Patna. She is a budding Entrepreneur who supports Atmanirbhar Bharat and Vocal for Local and she uses Made in India only. If you have any questions for Mrs. Chhaya Kumar ji let me know in the comments section...!!
On 12 November 2020, Finance Minister Nirmala Sitharaman along with Minister of State for Finance and Corporate Affairs, Anurag Thakur launched Atmanirbhar Bharat 3.0 to boost Covid-hit economy. --- Send in a voice message: https://anchor.fm/rahul182/message Support this podcast: https://anchor.fm/rahul182/support
In PolicyRoom's first episode we discuss the topic of industry growth and investment in post-COVID India, and the journey towards Atmanirbhar Bharat.
Sri Samsthana talks about the economy of Bharat post covid-19 lockdowns and more importantly how we gave a strong hit to China's economy this year during Deepavali, the festival of lights. A great step towards "Atmanirbhar Bharat".
Jude Weston brings you the latest news from Delhi, Bhiwandi, the UK and Libya. See acast.com/privacy for privacy and opt-out information.
This India Foundation Podcast features a talk by Dr G Satheesh Reddy, Chairman of Defence Research and Development Organisation on the idea of "Atmanirbhar Bharat: Indigenisation in Defence"
This newsletter is really a public policy thought-letter. While excellent newsletters on specific themes within public policy already exist, this thought-letter is about frameworks, mental models, and key ideas that will hopefully help you think about any public policy problem in imaginative ways. It seeks to answer just one question: how do I think about a particular public policy problem/solution?Welcome to the mid-week edition in which we write essays on a public policy theme. The usual public policy review comes out on weekends.PS: If you enjoy listening instead of reading, we have this edition available as an audio narration courtesy the good folks at Ad-Auris. If you have any feedback, please send it to us. Listen in podcast app- RSJThere’s that old joke about outrunning the bear: Two campers are walking through a forest when they see a bear about a hundred feet away. The first camper digs into his backpack, pulls his running shoes out and starts changing into them. The other camper is puzzled – “Let’s run. Why are you wasting time changing shoes? You can’t outrun the bear.” “I don’t need to, the first camper replies. “I just need to outrun you.” Atmanirbhar Is Everywhere In corporate India these days, you don’t even need to outrun the competition. You just need to out-atmanirbhar them. It is difficult to find a single interview of any business leader these days without a reference to Atmanirbhar Bharat. Every company is working to be atmanirbhar including those whose business model is founded on free international trade (Exhibit A: Xiaomi ‘more Indian’ smartphone brand than any other). Opportunism is an addiction. You can’t resist it even when you know it will harm you. Of course, going against the grain of atmanirbhar has its own challenges. Ask Toyota. Yet, it is one thing to contort yourself and position all your initiatives as atmanirbhar; it is quite another to use it to settle corporate scores or block competitors from entering your market. We have seen this film before. The traditional business houses pre-1991 weren’t agitating for open markets, low tariff regime and fewer government restrictions in business. Instead most used these to their advantage, kept upstarts out and extend their market dominance. The price in the form of low-quality products, shortages and black markets were borne by the ordinary customers. This mad race for aatmanirbharta again illustrates why we argue for pro-market policies, not pro-business ones. Pandering to the aatmanirbharta slogan is a way for some businesses to get an unfair advantage over others. Pro-market policies, by contrast, are concerned with government actions to increase competition and to plug market failures. Therefore, it is no surprise the entrenched firms of today are batting for an atmanirbhar regime. There’s a strange race on to ‘out-atmannirbhar’ the competition. So, a Chinese phone company claims its more local than Indian companies (65 per cent of components sourced locally) and starts putting a ‘made in India’ logo on its phone. Its business head for India takes a swipe at competition saying “non-Chinese foreign rivals including one US company imports all of their phones from China and local Indian brands only relabel and sell in India.” The problem with not standing up to a principle (like free trade) while aligning yourself with the flavour of the season isn’t too hard to comprehend. There will soon be another brand that will claim 100 per cent local sourcing to claim greater ‘Indian-ness’ regardless of what it means to cost and quality for the customers. Or, the opportunism will come back and bite you in the back like this Chinese company found out when the government banned two of its popular apps that were provided as value-added services with their phones. You also have the bizarre case where the founder of a payment app company with significant Chinese investment in it claiming – “It’s Google-nirbhar bharat not Atmanirbhar Bharat” – when Google temporarily suspended the app owing to violations of its gambling policy. Not to be left behind a competitor payment app ran an advertising campaign positioning itself as a truly Indian app in contrast to the foreign apps. Like that should make a difference to the customers. And now you have the Indian start-up founders coming together to create a BharatApp store to achieve Google-mukt India. It Is What You Make Of ItThree points to consider here. First, it is good to create an alternative when you aren’t happy with the incumbent. That’s the right way to go about this so long as the competition is on the basis of product features like price and quality and not on the provenance of the product. Second, the complaint about Google Play Store using its dominant position to dictate terms with app makers is as valid as many of these start-ups doing the same with their suppliers or ‘partners’. Lastly, any idea that such an app store should be partly governed by the government or a regulator is terrible and should be nipped in the bud. That’s replacing an almost monopoly by a real monopoly. The government has been vague in its definition of atmanirbhar. But everyone has picked up the subtext. Businesses, both PSUs and private firms, are reducing their dependence on China, claiming increase in local sourcing, and declaring intention to manufacture locally to support the initiative. That the Gross Fixed Capital (GFC) formation in India has remained range bound, and companies and promoters are investing more outside of India for much of past 5 years don’t seem to get in way of these claims. Nobody will anyway check for them in future. The import tariffs have been increased on a range of items in every budget over the past 3 years. The charitable view is we are dealing with international trade partners on our terms now. Maybe. The message going out is we are turning protectionist as we find growth hard to come. Rodrik’s Trilemma There are two questions we have here:1. What if there were no pandemic and no skirmishes with China at the border. Would we have still jumped onto the atmanirbhar bandwagon? Dani Rodrik in his book The Globalisation Paradox (2011) framed the trilemma confronting a country in the global economy:“In particular, you begin to understand what I will call the fundamental political trilemma of the world economy: we cannot simultaneously pursue democracy, national determination, and economic globalization (emphasis ours). If we want to push globalization further, we have to give up either the nation state or democratic politics. If we want to maintain and deepen democracy, we have to choose between the nation state and international economic integration. And if we want to keep the nation state and self-determination, we have to choose between deepening democracy and deepening globalization. Our troubles have their roots in our reluctance to face up to these ineluctable choices.” In the few years leading up to pandemic, it was clear India was making the choice of nation state and self-determination along with democratic accountability. Following Rodrik’s trilemma, it would follow we would have to let go of deep economic globalisation. The slowdown in growth because of a weak banking system and the double blow of monetisation and GST was beginning to impact lives and livelihoods. The inability to effect second generation structural reforms meant there were no real solutions at hand to solve for these. Therefore, the turn to atmanirbhar would have happened. The pandemic and the border stand-off with China made it easy to turn it into a rallying cry. 2. Would this protectionist turn by India invite negative repercussions from our trading partners?I don’t think so. Globalisation has been on wane since the global financial crisis (GFC). Between 1981-2007, the income elasticity of global trade, measured as the ratio of the average growth rate of imports of goods and services to average global GDP growth, was 1.8. That is, for every 1 per cent of GDP growth in the world, global trade grew by 1.8 per cent. In the last decade this has fallen below 1. There has been populist backlash about the spoils of globalisation accumulating to only a few in most developed nations of the world. The pandemic, its impact on the economies around the world, the concentration risks of global supply chains and the boorish behaviour of China have reinforced the risks of globalisation across continents. Rodrik had made his choice clear about the trilemma in his book:“So we have to make some choices. Let me be clear about mine: democracy and national determination should trump hyper-globalization. Democracies have the right to protect their social arrangements, and when this right clashes with the requirements of the global economy, it is the latter that should give way. You might think that this principle would be the end of globalization. Not so. “…A thin layer of international rules that leaves substantial room for manoeuvre by national governments is a better globalization. It can address globalization’s ills while preserving its substantial economic benefits. We need smart globalization, not maximum globalization.”(Un)Smart Globalisation = No GlobalisationPost pandemic, it is likely this might be the prevailing consensus about globalisation. While India’s quest for being atmanirbhar has other reasons, it will escape censure because others might be sailing in the same boat. That doesn’t take away from a point we have made in the past editions. Smart globalisation sounds like a great idea but there’s no real definition for it. It devolves in to not-so-smart protectionism eventually.HomeWorkReading and listening recommendations on public policy matters[Podcast] Dani Rodrik on Neoliberalism and limits of globalisation on Econtalk podcast with Russ Roberts. Get on the email list at publicpolicy.substack.com
Atmanirbar Bharat || Pranav Chaurasia 8 D || DPS Nacharam
In the third episode of the IIMB Podcast Series, Prof. Rishikesha T Krishnan, Director of IIMB and Professor of Strategy, shares his insights on Atmanirbhar Bharat and how competitiveness and innovation can drive India's growth. Prof. Krishnan discusses India's push towards self-reliance, popularly called as the Atmanirbhar Bharat program, and how India can develop and bolster its economic growth by riding on this plan.
In this episode of the Bharatvaarta podcast, Roshan Cariappa is joined by Aashish Chandorkar (Public Policy Expert), Ashutosh Muglikar (“Gareebon ka Economist”), and Srivatsa Subbanna ("All things Data") to discus,s the vision, scope, and significance of Prime Minister Modi's recently announced 'Atmanirbhar Bharat Abhiyan' or 'Self-Reliant India Mission'. We cover how this could impact industry, key aspects of reforms, and how this could transform into a people's movement that could be of longstanding consequence to the nation. Listen in to this fascinating conversation on your favourite platform – Bharatvaarta is available on Anchor.fm, Spotify, Apple Podcasts, Google Podcasts, YouTube, Breaker, and a bunch of others. Do listen, subscribe and share with your friends and family.
In this episode of the Bharatvaarta podcast, Roshan Cariappa is joined by Aashish Chandorkar (Public Policy Expert), Ashutosh Muglikar (“Gareebon ka Economist”), and Srivatsa Subbanna ("All things Data") to discus,s the vision, scope, and significance of Prime Minister Modi's recently announced 'Atmanirbhar Bharat Abhiyan' or 'Self-Reliant India Mission'. We cover how this could impact industry, key aspects of reforms, and how this could transform into a people's movement that could be of longstanding consequence to the nation. Listen in to this fascinating conversation on your favourite platform – Bharatvaarta is available on Anchor.fm, Spotify, Apple Podcasts, Google Podcasts, YouTube, Breaker, and a bunch of others. Do listen, subscribe and share with your friends and family.
Nirmala Sitaraman, Finance Minister of India annouced some reforms in fourth tranche of Atmanirbhar Bharat campaign. Coal sector, Aluminium and other Mineral sectors will get benefited by the same. Keep Coal India Ltd, Hindalco and Nalco on your radar for Monday. Thank you for listening to my podcast.
In the forth tranche of Atmanirbhar Bharat campaign, Finance Minister of India Nirmala Sitaraman announced some reforms in Defence, Aviation, Nuclear energy and Space sectors etc. Govt is trying to open these sectors for Private players through PPE models. Focus on stocks like BEML, Walchandnagar Industries, Reliance Defence, GMR Infra etc stocks on Monday. Thank you for listening to my podcast.
In this episode of Daily Dose, Ayush Tiwari brings you stories from Rajasthan, Madhya Pradesh, Germany, Russia, and more. See acast.com/privacy for privacy and opt-out information.