Fitch lauds Indian economic recovery, ups outlook from negative to stable
Fitch rating agency scaled down the GDP growth estimates for FY23 to 7.8% from 8.5%
www.business-standard.com
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Airport was much needed. Adani getting all the airports in India is no longer shocking. He is Modi's blue eyed boy.
UPI is pretty awesome. I could tell you their larger business case for the coming years. Probably on a weekday.
Hungary not even as much of a democracy as Turkey.
The UPI system is one of the genuine achievements of this present administration. I don't have an opinion yet about their subsidy administration, but on the radical impact that the UPI has had among the middle classes, the upper segments of working classes, and the retail market, there is no doubt that the UPI had brought in major change.UPI is pretty awesome. I could tell you their larger business case for the coming years. Probably on a weekday.
UPI was mostly adopted in cities as it was based on mobile internet. just 2 months ago NCPI launched UPI through mobile SMS. it is projected to quadruple by 2024. The company I previously worked for consulted in building the use case.
A year ago NCPi also launched E-Rupi. How it works is the gov pays banks money to issue an E-voucher in form of a QR code and an OPT authentication to AADAR cardholders through UPI.
For example, if gov issues a free education scheme for girls in the country they send out a QR code to those specific AADAR numbers. The student or the parents can get their QR code voucher scanned in their school's UPI apps to get the free education scheme availed by the gov. These Vouchers will specifically work only to the scheme it was issued. This way the gov can make sure the subsidy issued to citizens is used for a specific purpose rather than other family members misusing it.
By 2026 their aim is to replace all the subsidies given by the Center with the E-Rupi voucher system.
@Joe Shearer @Jackdaws @Nilgiri @crixus
Hungary not even as much of a democracy as Turkey.
What happened, he forgot India?
I am working on something in the Fintech space and the rural issue is being addressed. It's also a question on quality of network, availability of 24x7 electricity and comfort of people with technology. They might be tech capable but don't trust the tech.The UPI system is one of the genuine achievements of this present administration. I don't have an opinion yet about their subsidy administration, but on the radical impact that the UPI has had among the middle classes, the upper segments of working classes, and the retail market, there is no doubt that the UPI had brought in major change.
Where UPI has failed is the vast segment that is below these levels. The daily income earner is completely out of it. Those without bank accounts are out of it.
In essence, my position on the UPI is a complement to my position on the NDA. It is fundamentally flawed because it is tailored for the urban population, for the people who read papers, watch TV, shop in organised shopping centres and malls, have bank accounts, some of whom have jobs, not transient labour contracts, and who have a roof over their heads. Not all of India, not even half of India meets these specifications.
I am not saying the NDA rules due to its influence over this defined segment; that would be impossible in electoral terms. I am saying that however it got elected, the NDA's policies are designed for this constituency. Who elects them to power, and who speaks for them on social media are important, and aligned, but not identical to this constituency.
Guys what are your thoughts on this....how valid are these companies requests in this sector?
@Rajaraja Chola et al.
Electronics companies bat for parts makers from China
India's FDI policy for countries sharing land borders was amended on April 17, 2020, through Press Note 3 to only allow inflows through the government route with the necessary approvals.economictimes.indiatimes.com
Why is Indian economy at a thirty(~ 18 billion USD in first 5G spectrum sale)
5G Spectrum Auction: 5G spectrum sales net record Rs 1.45 lakh crore on Day 1 | India Business News - Times of India
India Business News: The government netted a record Rs 1.45 lakh crore on the first day of 5G spectrum sale on Tuesday, much higher than the Rs 1.1 lakh crore it made in 2timesofindia.indiatimes.com
Why is Indian economy at a thirty
@Nilgiri