News

India’s factory output remains subdued in August

India’s factory output remained subdued for the second consecutive month – decelerating by (-) 0.7 per cent in August from a decline of (-) 2.49 per cent in July and a 6.3 per cent rise in the same month last year, official data showed on Monday, while India Inc called for efforts to …

India asks China to address trade imbalance

India has asked China to address the burgeoning trade imbalance while making a strong pitch for Chinese investments in its micro, small and medium enterprises (MSME) sector, specially in fields like IT, digital, mobile components and automobile ancillaries. “India’s MSME sector is poised fo…

Sitharaman launched foreign trade data dashboard

Commerce & Industry Minister Nirmala Sitharman launched a new enhanced Dashboard on Foreign Trade Data. This initiative of the Ministry of Commerce & Industry will provide easy access to the public with regard to India’s export, import and balance of trade data in an analytical format, ov…

India’s yarn exports decline

Exports to China, the main buyer of Indian cotton yarn, have declined, industry sources said. China import China imported 149.66 million kg of cotton yarn during the first three months of last financial year (2015-2016) and it dropped to 99.09 million kg during the same period this year. The decl…

CII lists a host of steps to make ‘Procurement Policy’ a success

Concerned about a majority of state-owned firms not meeting the norm of 20 per cent Procurement from Micro and Small Enterprises, CII has called for a strong co-ordination mechanism between the Ministry of MSME and other stakeholders. The industry body is in the process of submitting a set of sug…

Start-up procurement norms not relaxed completely

Start-ups are unlikely to get the benefit of the relaxation clause for the prior experience and turnover criteria with respect to procurement of goods that have implications on public safety and health. “For such procurements, wherever adequate justification exists, the procuring entities may not…

Banking on the South

Even as public sector banks continue to be weighed by weak credit growth and poor asset quality, a few small regional private banks that continue to deliver healthy growth in loans and earnings offer a good opportunity for investors. City Union Bank that has a strong foothold in South India has b…

Credit growth to industry below zero, first in decade

Bank credit to the industrial sector, which continued at an elevated rate of over 20 per cent on an average until four years ago and was in double digits until the month of July 2014, has slipped into the negative in August 2016 — the first time it has done so in at least a […]

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Unlocking the real value of India’s start-up ecosystem

The story of Indian start-ups is not just limited to the current century; in fact it began over four decades ago. Through the 1980s, a handful of pioneering IT services companies, including the likes of Tata Consultancy Services, Infosys and Wipro, put India firmly on the global economic map. The…