HENCY R SHAH AND ASSOCIATES

How will the new National Logistics Policy be a game changer for the Indian economy The National Logistics Policy has come at the right time, as seamless connectivity, superior infrastructure, and strong export and logistics efficiency are essential to achieve these ambitious goals.  India aims to become a $20 trillion economy by 2040 and a developed nation by 2047. The National  Logistics  Policy has come at the right time, as seamless connectivity, superior infrastructure, and strong export and logistics efficiency are essential to achieve these ambitious goals.  Currently, the logistics costs in India are 13-14% of the GDP, compared to 7-8% in developed countries. Prime Minister  Narendra Modi , while launching the policy, said that the aim is to bring the logistics cost to single-digit as soon as possible. The higher logistics costs are reducing the competitiveness of India’s exports. Reports suggest that hig...

  SUBSCRIBERS’ WIN OVER TELECOM OPERATORS Buying a recharge plan with 28 days validity or less is like paying for pizza with less or no cheese. A 30 days validity plan sounds like a more complete package. Following the concerns expressed by several telecom subscribers over such 28 days validity plans, the Telecom Regulatory Authority of India decided to take an action on this and therefore, asked telecom operators to offer vouchers with a validity of 30 days. “Every Telecom Service Provider shall offer at least one Plan Voucher, one Special Tariff Voucher, and one Combo Voucher which shall be renewable on the same date of every month, and if the date of such renewal is not available in a month, the date of renewal shall be the last date of that month,” the telecom regulator said in a release. Abiding by these rules, telcos launched monthly validity plans for their customers that offer either 30 days of validity or 1-month validity. Now TRAI in its latest press release has liste...

In a crackdown on illegal digital lending platforms, the Reserve Bank of India (RBI) will soon prepare a ‘whitelist’ of all legal applications (apps) that offer loans, and the Ministry of Electronics and Information Technology (MeitY) will ensure only these apps are hosted on app stores. “The RBI will monitor the ‘mule/rented’ accounts that may be used for money laundering and review or cancel dormant NBFCs (non-banking financial companies) to avoid their misuse. The RBI will ensure that registration of payment aggregators be completed within a timeframe and no unregistered payment aggregator be allowed to function after that,” the finance ministry said in a statement on Friday. The decisions were taken in a meeting chaired by Finance Minister Nirmala Sitharaman on Thursday. The steps by the government come after illegal loan apps hosted on app stores have been found offering micro-credit to the pandemic-hit people and low-income g...

India To Be 3rd Largest Economy By The End Of The Decade With India overtaking the United Kingdom (UK) to become the world's fifth-largest economy, a State Bank of India (SBI) report forecasts that the country will overtake two other major economies by the end of this decade. The SBI Economic Research Department forecast that India will overtake Germany by 2027 and most likely Japan by 2029 at the current growth rate, making it the third-largest national economy in the world, a move up 7 places from 2014 when India ranked 10th. This is a remarkable achievement by any measure, says the report, authored by Soumya Kanti Ghosh , Group Chief Economic Adviser, SBI. For the first quarter of the fiscal year 2022–23, India recorded a GDP growth of 13.5%. The report states that at this rate, India is likely to be the fastest-growing economy in the current fiscal year. "Interestingly, even with an estimate of India's GDP While the FY23 growth rate is currently fluctuating between 6.7...