HENCY R SHAH AND ASSOCIATES

Reliance is on a War with every large business in India   Mukesh Ambani's Reliance is making bold moves across India's top industries. He is acquiring one industry at a time and keeps the customer on his own side. Jio 4G disrupted Indian telecommunication industry and killed many players, but customers love it! Jio TV is now taking over Indian OTT with free IPL, almost killed Hotstar, but customers love it! This is crazy, but it's happening! Here's a snapshot of how they're taking on the biggest players targeting the largest market share: 📈  Finance - Jio Financial Services vs Bajaj Finance Market Size: $350B | Growth: 22% | Leader: Bajaj Finance (30%)   🥤  Soft Drink - Campa Cola vs Coca-Cola Market Size: $8B | Growth: 9% | Leader: Coca-Cola (40%)   💄  Cosmetics - Tira vs Nykaa Market Size: $20B | Growth: 15% | Leader: Nykaa (25%)   👗  Clothing - Ajio vs Myntra Market Size: $70B | Growth: 12% | Leader: Myntra (35%)   🎬  Streaming -...

"Empowering Entrepreneurs: Celebrating the 8th Year of Mudra Loans and counting" MUDRA loan is a financial initiative launched by the Government of India on 8th April 2015, to provide financial support to small and medium enterprises (SMEs) in India. MUDRA stands for Micro Units Development and Refinance Agency Ltd. It is a subsidiary of the Small Industries Development Bank of India (SIDBI) and acts as a refinancing agency for microfinance institutions, which provide loans to small businesses. The primary objective of MUDRA loan is to promote entrepreneurship and boost the growth of small businesses in India by providing them with easy access to credit. The loan scheme is available for various sectors such as manufacturing, trading, services, and agriculture. MUDRA loans are classified into three categories based on the loan amount, namely, Shishu, Kishor, and Tarun. Shishu: This category covers loans up to INR 50,000, which are typically provided to small businesses that ar...

  ChatGPT hits 100 million users, makes history as fastest - growing platform   OpenAI's ChatGPT is popular, we all know that. But AI has even broken world records in popularity. ChatGPT has reportedly reached unprecedented levels of success just two months after its launch. A recent study by UBS claims that the chatbot has gained 100 million monthly active users, making it the fastest-growing consumer application in history. ChatGPT is only a few months old and already causing waves in the business world. The Microsoft-backed chatbot's ability to generate articles, essays, scripts, and poetry has made it a hit among users, who can access the application for free. To further sustain its growth and offer a more stable and faster service, OpenAI recently introduced a premium subscription.   What is ChatGPT? ChatGPT is an easy-to-use artificial intelligence tool that answers questions posed by users with relevant, natural-sounding answers and topics. The AI cha...

BUDGET 2023-2024 Taxation Policy DIRECT TAX Personal Tax Old Tax Regime: There are no changes proposed in tax rates including surcharge and cess, income tax exemption limits and income slabs. New Tax Regime: Basic exemption limit hiked from ₹ 2,50,000 to ₹ 3,00,000. Standard Deduction of ₹ 50,000 and Family Pension of ₹ 15,000 to be allowed as deduction to salaried individuals. Deduction of amount paid or deposited in  the Agniveer Corpus Fund. The highest surcharge capped at 25 percent for income above ₹ 2 Crores. Taxable income for rebate is proposed to be increased to ₹ 7 Lacs from existing ₹ 5 Lacs. Option to exercise before filing of Return of Income for the Old Tax Regime: Once in case of person have Business or Professional income.  Year on Year basis for Others. New Proposed Slab Rate Capital Gain Deduction from capital gains arising on sale of residential house or any other capital assets by further investment into new residential house shall be capped to ₹ 10 crores....

The evolution of digital banking: What traditional banks must offer to remain competitive 1Financial services continue to experience a massive upheaval as digital transformation is rolled out across the sector at a dramatic rate. By 2030, the everyday banking experience could be entirely virtual with more than two billion people having digital bank accounts on digital platforms, according to the Bill and Melinda Gates Foundation. But in most cases, that level of digital transformation remains a work in progress while customers continuously adjust to a dazzling array of new digital technologies which are being accelerated through constant innovation, creating new behaviours and increasing their expectations. For global banks, this creates a series of complex challenges and opportunities as they calibrate and re-calibrate their digital offering in various regions of the world, where the pace of digital transformation moves at distinctly different speeds. Meanwhile the branch networks of ...

IMF, World Bank sound alarm about global economic outlook T he International Monetary Fund, World Bank and others raised concerns about a worsening global outlook, while hopeful that China’s reopening will help support world growth. IMF Managing Director Kristalina Georgieva said indicators show further downgrades to global growth are likely. Speaking Friday after a meeting with China’s Premier Li Keqiang in Anhui province, Georgieva said China’s recalibration of its Covid policies would be a good thing for the domestic economy and the rest of the world. The IMF currently forecasts global growth will be 2.7% next year, slowing from 3.2% this year. The meeting was part of the “1+6” dialogue that China holds every year with heads of the IMF, World Bank, OECD, World Trade Organization and others. David Malpass, head of the World Bank, was also downbeat about the global outlook. "I’m deeply concerned that the world is at risk of a global recession,” Malpass said, warning of the potent...

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...