Missing links

The Union budget 2018-19 was not just the last full scale one before the next general election due in 2019, it was also drawn under the framework of continued rural distress, non-revival of private investment and the urgent need for creation of jobs.

The apparent thrust on agriculture, rural development, healthcare to underprivileged, education and infrastructure was therefore on expected lines.

FM fails to enthuse rural housing sector

For the country’s real estate sector, the only highpoint in the Union budget 2018-19 was possibly the announcement of a dedicated fund for the affordable housing segment under the National Housing Bank.

Otherwise, most stakeholders of the sector admitted that the budget did not have any direct impact on the real estate sector, which has been reeling for a while and was expecting some big-ticket announcements to revive it. There have been no changes in income tax concessions or other direct steps that influence the sector. 

20gw solar target reached 4 years ahead of schedule

It’s sunny side up, for sure. India has reached its 20gw cumulative solar installations target 4 years ahead of schedule. And that’s just the beginning. When it comes to power capacity additions in India during 2017, solar, for the first time, has emerged as the top source of energy.

SBI card for farmers with 40-day credit, normal rate

To deepen the credit culture among the farming community of the country, its largest lender State Bank of India will provide credit cards to the farmers through its subsidiary SBI Cards and Payments Services, its chairman Rajnish Kumar said on Tuesday.

He said the project had been taken up on a pilot basis in Gujarat, Rajashthan and Madhya Pradesh, and then would be launched across the country depending on its success.

FDI equity inflows to services grew by 15% in 2017-18

The Narendra Modi government is banking heavily on its various reforms initiative to attract fresh capital inflows. The increase of Foreign Direct Investments (FDI) to the services sector by 15 per cent in the first seven months of the current fiscal is one such reform initiatives taken by the government which augurs well for the investing community and is expected to ensure that India remains an attractive investment destination. At least that’s what The Economic Survey-2017-18, presented in Parliament by union Finance minister Arun Jaitley on Monday, said.

Eveready to diversify into FMCG segment

Close on the heels of foraying into the Rs 9000 crore fast growing confectionary market, under the brand – Jollies, Eveready Industries India (EIIL), a market leader in dry cell battery market, has teamed up with Universal Wellbeing Pte of Indonesia to float a new JV company for developing, manufacturing and selling a wide variety of products in fabric and household care, personal care, skincare, and foods and beverages segments.

Positioning through consumer awareness

It’s telling the consumers with a dash of humour that a wrong purchase decision with regard to plywood may eventually be socially embarrassing and then guiding consumers to choose the right the plywood brand. Greenply Industries Limited (GIL), a leader in manufacturing plywood and allied products, thought this to be the novel and ideal way to promote and position its brand in the market. 

US firm offers premier Green Card for HNIs

Amidst fears that Indian EB-5 visa requests may dip as the US plans a hike in investment limit, a premier EB-5 firm is now coming up with a specially structured “8 per cent Green Card” for Indian HNIs.

Founded by David Gunderson and a team of former leaders of the US Citizenship and Immigration Service (USCIS), US Freedom Capital appreciates the risk-avoidance of smaller/faster projects with an assured exit strategy and higher yields.

Minu forays into rural market

Overall, eight out of every 10 households in India reported purchasing at least one saree every year. The share of households purchasing sarees is higher in rural India at 85 per cent. In urban India, 74 per cent households reported purchasing sarees, according to a consumer expenditure survey conducted by the National Sample Survey Office (NSSO). Little wonder therefore, that Minu Sarees, a 35-year old popular saree brand from the stable of Kolkata-headquartered Sachin Enterprise, is increasingly concentrating on the rural and suburban markets to promote its brand.

Sugar prices tumble on panic sale by mills

The sugar output has been considerably higher. So have been supplies from the mills. Ironically, however, sugar demand, particularly from the bulk consumers, was quite low. This slackened demand from bulk consumers has put pressure on prices. Little wonder then that sugar prices fell by Rs 80 per quintal at the wholesale market in Delhi on Monday.