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A crucial year for food security

Rising food inflation and imports and falli­ng exports are costing India huge money. According to the department of commerce, agri-commodities imports have gone up by Rs 1,98,734 crore between 2014-15 and 2015-16 whe­re as in the same period the country has lost export ma­rket of agri-commodities worth Rs 2,58,324 crore.
Due to ineffective agriculture and food security policies, the country is losing about Rs 4,57,058 crore a year. The impact of food inflation on other sectors of the economy as well as on public health and nutrition are not factored in.

2017 would be tough

Atumultuous 2016 has finally ended with some unexpected elements. Brexit was not expected but it happened and markets soared despite that. Donald Trump was supposed to be bad for markets, hence was not expected to win. However, he won and markets saw stronger rallies.

Healthy­ competition beneficial

With the digital payment transformation and fast growth of e-wallets, payment gateways and integrated single platforms, like UPI and Chillr, have bought a windfall, ramping up the digital transactions for overall business. It’s one app and interface that connects multiple banks to have a seamless transaction without putting the money in the wallet. Backwaters Technologies, which runs and operates Chillr, recently raised $6 million from Sequoia Capital in series A funding to back up its growth plans.

Do You Have A Social Face For Business?

Internet has impacted businesses in more ways than we had imagined since its introduction and proliferation. Businesses were able to put up a virtual infrastructure and a face for the world to see. Borders were truly a history in no time. Reaching out and “meeting”: prospects and customers are almost on real time. With it came other issues too: security, hacking, phishing and other new words to dictionary.

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