-ThePrint.in Since 2017, China has accounted for around 75 per cent of India’s laptop imports, but the government is now expanding its list of importing partners. New Delhi: India’s laptop imports surged to $5.24 billion in the first nine months of 2022, and about three-fourths came from China, show the latest statistics released by the Ministry of Commerce and Industry. According to the data, in the first three-quarters of 2021, India had imported...
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RBI reluctant to hand out NBFC licence to fintechs -Hamsini Karthik
-The Hindu Business Line PhonePe - ZestMoney deal to set precedence for fintechs to explore backdoor entry into the lending business Despite three months of engagement and continued discussions with the banking regulator, fintechs may not have cracked the code yet to operate as non-bank lenders. Highly placed sources say the Reserve Bank of India is reluctant to issue non-bank finance company or NBFC licences to fintechs. PhonePe, Razorpay, BharatPe, Khatabook, OkCredit and...
More »To Tackle Stubble Burning, Governments Have Repeatedly Chosen Ineffective Routes -Ramandeep Singh Mann
-TheWire.in If policy makers want to see the end of the stubble burning, they have to shed their political differences and come up with a road map which factors in the inability of farmers to bear straw management costs. The year was 2019, and farmers where once again being blamed for air pollution in Delhi. As is the practice, Supreme Court took cognisance of the air pollution issue and summoned the Chief...
More »Weighing in on PMGKAY, the free grains scheme -T Ramakrishnan
-The Hindu The Government may have its reasons in extending, once again, the Pradhan Mantri Garib Kalyan Anna Yojana scheme, but it cannot delay the commissioning of a study that should help stop the diversion of foodgrains and identify the food needy The extension of the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY), a scheme to distribute free foodgrains to the poor, for another three months, comes as a surprise for many...
More »Number theory: Knots in India-China trade data -Surendar Singh and Ram Singh
-The Hindu Business Line Under-invoicing of imports is just one part of the story. Data asymmetries have many other factors. The trade data mismatch of India and China has attracted wide coverage from both electronic and print media. This mismatch is attributed to ‘under-invoicing’ by Indian importers for the imports originating from China. There is mismatch of $12 billion with China reporting its exports to India over $103 billion. Indian agencies, on the...
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