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Showing posts from April, 2020

Role of Public Sector enterprises in India

We may enumerate below the various arguments put forth in support of the public sector in India.
1. Maximizing the rate of economic growth :
Originally, the activity of the public sector enterprises was to be limited to a definite field of basic and key industries of strategic importance. There were certain fields where the private enterprise was shy to operate as they involved huge investment or risk. It was the public sector alone which could build the economic overheads such as power, transport, etc. Since then the ideological objective of capturing the “commanding heights” by the public-vector bas been duly fulfilled, it succeeded in creating the necessary infrastructural base for sustained industrial growth. It has tremendously boosted the technological capabilities.
The public enterprises have firmly established the foundation for the construction of a self-generating, industrial economy. During the planned era, the public sector has-diversified its activities to cover a wide spec…

What is BS IV

India has been following the European (Euro) emission norm, through with a lag of 7 years. BS4 norms are applicable in the most of cities in which required grade of fuel is available and rest part of the country still conforms to BS3 standard. On 29 March 2017, the Supreme Court banned the sale and registration of vehicles which were not compliant with BS4 norms. Some facts about BS3 & BS4 Although Indian automobile manufacturer had 8,24,275 BS3 vehicle inventories which market value had Rs.12,000 crore. Out of these 96,724 was a commercial vehicle, 6,71,308 were 2 Wheelers, 40,048 were 3 wheelers and 16,198 were passenger cars. There was a need to invest Rs. 40,000 crore for upgrading BS3 standard fuel to BS4 standard fuel.Automobile manufacturer invested an additional Rs. 30,000 crore in two-component diesel particulate filter and selective catalytic reduction module.BS4 petrol and diesel have only 50ppm of sulfur as compared to 150ppm for petrol and 350ppm for diesel under BS43 st…

Startup Culture

Startup acceleration by digital has brought agility, fast decision making and willingness to experiment. That's why every startup needs banking transformation. In 1980s MICR cheques and 1990s computerization and adaptation of branches enabled anywhere banking. Introduction of ATM and POS purchasing make efficient working for startups and other industries and customers approach and openness to experiment are also the need of every startup.
Consumer behaviour for the change: What consumers need is faster services and technology. A multi-pronged approach to any customer service requirement is another startup characteristic that banks have welcomed. Consumer are attentive to all changes which startup provides. That's why startups are hiring from niche areas like analytics, design, design, risk, compliance and cybersecurity for a frictionless approach to startup.