Macro Economy 04 Mar 2016 by Tojo Jose

Aadhaar bill going to revolutionize public delivery and digital payment and transactions

Aadhaar bill going to revolutionize public delivery and digital payment and transactions

The digital ID that revolutionized the country’s social development programmes- Aadhaar is going to get statutory power as the government is introducing a bill in the Lok Sabha. Among the different legislations that are proposed in the new budget, the Aadhaar bill gets the first preference and interestingly it has been presented as a money bill. It has been done so to avoid the obstruntist opposition who has a majority in the Rajya Sabha. Statutory recognition to Aadhaar will give it more recognition especially after the Supreme Court has limited its mandatory requirement to selected social sector programme. With the passage of the bill Aadhaar will emerge as a mandatory id

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Infrastructure 18 Feb 2016 by Tojo Jose

India can realize its ambitious 100 GW solar energy target

India can realize its ambitious 100 GW solar energy target

India’s solar energy production target of 100 GW is ambitious but realizable according to Ministry of New and Renewable Energy. Joint Sectretary Tarun Kapoor has stated that production will reach 6500 MW this year and may cross 20000 MW next year. The renewable energy target is set 175 GW by 2022 out of which the leader solar energy itself has a target of 100 GW. In the last few months, India has made large scale solar generation capacities. Telengana has now emerged as a lead state in solar energy. But in terms of total production Rajasthan, Gujarat and Tamilnadu leads the pack. The Joint Secretary has also elaborated the transmission problems and related to solar energy

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Infrastructure 16 Feb 2016 by Tojo Jose

Government launches Rs 10000 crore fund for electronics sector with private participation

Government launches Rs 10000 crore fund for electronics sector with private participation

The central government has launched Rs 10000 crore fund for the promotion of the country’s weakest but most urgent sector –electronics. Named as Electronic Development Fund (EDF), the money will provide risk capital to companies developing new technologies in electronics, non-electronics and information technology. India’s electronics import is expected to reach200 billion by 225. At present the country is a major importer of electronics goods especially from East Asia. Under the new scheme, government will provide Rs 2200 crore and the remaining fund will be procured from private entities. Venture capital wing of Canara bank- Canbank Venture Capital Fund is th

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Infrastructure 09 Feb 2016 by Tojo Jose

Facebook’s internet platform gets a setback as TRAI opts for net neutrality

Facebook’s internet platform gets a setback as TRAI opts for net neutrality

Digital titan- Facebook’s internet platform for India gets a setback with telecom regulator TRAI prefers net neutrality. Its policy document stated that tariff for data services can not vary on the basis of type of content being accessed by uses. Facebook along with local service providers were planning for the launch of free basics which was aimed at providing selected internet data without any data charge. Airtels’ Zero Rating is another such package aimed at providing selected internet sites free of cost. Opponents of free basics argued that these selective free service providing is against the concept of net neutrality.  All data should be provided to subscr

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Infrastructure 07 Feb 2016 by Tojo Jose

FM asks states to undertake more infrastructure investment

FM asks states to undertake more infrastructure investment

Finance Minister Arun Jaitely asked the states to put more expenditure as they are now well empowered after greater devolution from 14th Finance Commission transfers. The FM was speaking at the pre-budget meeting of state finance ministers. Jut few weeks into the budget, Jaitely has reminded that centre’s ability to make mega investment is curtailed due to more resource transfer to states. The Fourteenth Finance Commission has provided 42% of central tax revenue to states as tax share. Total resource transfer from centre to states now stands at 62% of the central revenue. Already, many of the central projects are transferred to states and state’s share in many program

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Infrastructure 29 Jan 2016 by Tojo Jose

Smart city project on launch pad: 20 cities selected in the first Phase

Smart city project on launch pad: 20 cities selected in the first Phase

The mega urban modernization project of the Urban Development Ministry – the Smart City Project has entered the first phase with the selection of 20 cities out of the short listed 98. The twenty cities selected in the first phase are Bhubaneswar, Pune, Jaipur, Surat, Kochi, Ahmedabad, Jabalpur, Visakhapatnam, Solapur, Bhuvanagiri, Indore, Coimbatore, Kakinada, Belgaum, Udaipur, Guwahati, Chennai, Ludhiana and Bhopal as well as the area under the NDMC in New Delhi. Cities were selected after the Smart City Challenge round where the city authorities made presentations about their plans about modernization. The 20 cities were selected by an expert panel that included foreign

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Infrastructure 28 Jan 2016 by Tojo Jose

Government approves Hybrid Annuity Model for future Highway Projects

Government approves Hybrid Annuity Model for future Highway Projects

Cabinet has approved the next big reform for rejuvenating the PPP in infrastructure –the Hybrid Annuity Model (HAM). The new model which assures more financial involvement for the government and takes away the burden of toll collection from the private party is supposed to take a main place in the next budget. Compared to the existing toll based variants, newly shaped Hybrid Annuity Model has more sharing of financial burden by the government during the project time. Few weeks back, the Kelkar Committee has suggested restructuring of the PPP model including the extension of HAM for road projects. The HAM is already introduced with varied features for a number of projects un

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Infrastructure 20 Jan 2016 by Tojo Jose

Good news: tariff cut is revolutionizing India’s solar industry

Good news: tariff cut is revolutionizing India’s solar industry

The solar energy industry in India is revolutionizing the energy sector with tariff cuts. Latest trends in solar field in Rajasthan and Andhra Pradesh show that tariffs have fallen to nearly Rs 4.5/unit. This is near to the tariff charged by State Electricity Boards in most states. For business and industry it is between Rs 10 to Rs 15. Recent tenders for auctioning solar fields are creating reduced tariff bids. The latest is the Bhadla Solar Park in Rajasthan where one bidder won by offering Rs 4.34/unit. Bhandla is one of the largest solar parks in India with Solar Energy Corporation working as the nodal agency for the development of the project. NTPC has made a bid for the 400

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Sectors 19 Jan 2016 by Tojo Jose

Reliance Brothers' truce is good for data lovers

Reliance Brothers' truce is good for data lovers

  The Ambani brother’s agreement to share resources and exchange circle benefits is a breakthrough development in India’s data delivery sector. With Mukesh Ambani’s 4G venture-Reliance Jio (RJio) is expected to take away a large volume of data thirsty customers in the country’s 100 mn strong mobile data market, the agreement will give it more power against the existing voice service providers. As part of the agreement, Reliance Jio will buy spectrum from Reliance Communication in nine circles by paying Rs 4500 immediate cash. RCom’s benefit is that it can use the amount to pay the license fee to TRAI. Besides, the deal makes the two to share s

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Macro Economy 16 Jan 2016 by Tojo Jose

Prime Minister to unveil the ‘Startup India’ to revolutionise India’s startup ecosystem

Prime Minister to unveil the ‘Startup India’ to revolutionise India’s startup ecosystem

The Prime Minister is launching a startup promotion initiative in Delhi today at the presence of world’s renowned startup entrepreneurs and fund managers. India is a fine geography for the rise of startups as the country is having the largest number of young people besides being in the mainstream of the IT revolution. India is having a vibrant startup sector with third largest number of startup registrations according to the global monitoring agency Compass. Similarly, Bangalore is one of the fastest growing startup locations. Though several startups were launched in India over the last five years, analysts point out that a global size entity like facebook , Amazon or Alib

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