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msmeregin · 4 months

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MSME Udyam Re-Registration in India

Navigating Continuity: Understanding MSME Udyam Re-Registration in India

In the dynamic landscape of Indian entrepreneurship, the Ministry of Micro, Small, and Medium Enterprises (MSMEs) has delivered an initiative to make certain the ongoing recognition and blessings for organizations - the MSME Udyam Re-Registration manner. This mechanism is designed to facilitate the seamless transition of present MSMEs to the Udyam Registration device, making sure that they keep to obtain the rewards and help furnished with the aid of the government.

Why Udyam Re-Registration?

Udyam Re-Registration is a vital step for corporations that have been previously registered underneath the conventional MSME registration gadget. With the advent of the Udyam Registration portal, the authorities has shifted in the direction of a greater streamlined and digitized method. Re-registration will become vital for organizations to align with this modernized gadget and, in flip, access various benefits more effectively.

The Udyam Re-Registration Process: A Closer Look

The procedure of Udyam Re-Registration is designed to be consumer-friendly and handy. Existing MSMEs want to provide their 12-digit Udyog Aadhar Memorandum (UAM) wide variety, and other requisite details, at the Udyam Registration portal. This information is then verified, and the business is issued a new Udyam Registration Number.

Benefits of Udyam Re-Registration: A Continuation of Support

1. Access to Financial Support:

Udyam Re-Registration ensures that companies hold their eligibility for economic aid from banks and economic establishments. This is important for the sustenance and increase of MSMEs, permitting them to steady loans with favorable phrases and interest charges.

2. Government Incentives:

By present process the re-registration process, MSMEs hold to avail themselves of diverse authorities incentives and schemes. These incentives variety from subsidies for generation adoption to presents for studies and improvement, contributing to the general increase and competitiveness of the world.

Three. Market Opportunities:

Udyam-registered organizations, along with those that have gone through re-registration, experience preferential treatment in authorities procurement approaches. This opens up new avenues for market get entry to, offering possibilities for multiplied revenue and increase.

4. Tax Benefits:

Continued Udyam registration guarantees that groups hold their eligibility for tax benefits, along with income tax exemptions, rebates, and deductions. These tax incentives play a important position in reducing the financial burden on agencies, letting them reinvest in critical regions.

Challenges and Considerations:

While Udyam Re-Registration offers a continuing transition, groups need to consider of the closing dates for re-registration. The manner is typically honest, but groups have to make certain they provide correct and updated facts to keep away from any disruptions in getting access to blessings.

The Road Ahead: Embracing Digital Transformation

The shift closer to Udyam Re-Registration is not just a bureaucratic transition; it represents a broader movement towards virtual transformation. Embracing this transformation positions MSMEs to perform in a more interconnected and efficient surroundings. The virtual platform ensures faster processing, less complicated get entry to to data, and a greater responsive machine standard.

Conclusion: A Continuation of Entrepreneurial Journey

In essence, MSME Udyam Re-Registration in India isn't always merely a procedural requirement but a strategic pass for corporations to maintain their entrepreneurial adventure with unwavering aid from the authorities. By seamlessly transitioning to the Udyam Registration system, agencies make certain that they stay at the leading edge of opportunities, financial help, and authorities incentives, contributing to their sustained growth and fulfillment in the dynamic Indian commercial enterprise panorama. It's now not just a re-registration; it's a dedication to continuity, progress, and resilience within the face of change.

Learn more at: https://msme-registration.in/

#udyog aadhar free registration #msme free registration #msme registration free #print udyam certificate #free udyog aadhar registration #udyog aadhar update #msme loan

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mythicalphoenixsoftware-blog · 4 years

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Hire Best SEO Company in BBSR To Get Your Business Goals

Internet marketing has overtaken conventional marketing methods. These procedures are not only followed by huge corporate houses but also they are getting right kind of popularity from MSMEs and other small scale business. Most of the entrepreneurs are well aware about the virtual presence of their business. This is the main reason, best SEO company in BBSR is now top on popularity. this is one of the most searched term from people around different business spectrum.

A professional SEO company is capable of delivering the best results to satisfy the requirements of clients. By availing of the services of professionals in the SEO field, you can enhance your website rankings and online presence. SEO experts are well-versed in the latest techniques that will help in achieving high ranks for your website in search engine result pages.

No matter where you are, SEO companies will meet your entire requirement and they will deliver the anticipated result within dead line. Therefore, it would be best to know the process to choose right SEO company for your need. Interaction with the clients of your preferred internet marketing company helps you get an idea about how the company works and their relation with clients. Analyze the change in the clients' position, and improvement in their rankings. Established SEO firms will have customer testimonials on their website, which will help you learn more about the company and its services.

Website owners assume that experienced SEO agencies have encountered problems and discovered ways on how to do away with them. In their years of performing their job, experienced SEO companies have received feedback and criticisms that enhanced their professional skills. Another aspect that should be considered in choosing the right SEO Company when hiring an SEO expert is communication. Proficient SEO companies are open to queries and suggestions of the website masters. Their professionalism and skills are also reflected by the constant updates that they provide the site owners. The site owners need to know exactly everything that the SEO agencies do to their websites, including the simple alterations or improvements. In this way, SEO firms become transparent to the website owners while winning their trust by giving accurate and constant updates and information.

No matter whether you are leading a small scale business organization or a corporate house, it would be great to hire best SEO company in BBSR. It will elevate your business to a new height for sure.

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#Travel management software company in bhubaneswar #best website design company in Bhubaneswar #gym management software company offline

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deepestkryptonitewonderland · 3 years

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How Artificial Intelligence is revolutionizing the startup industry

Throughout history, the world has witnessed 3 industrial revolutions

There was the first industrial revolution which began in the 18th century which was centralized on the usage of steam/water as power. Then there was the second industrial revolution which began in the 19th century through the discovery of electricity. The third industrial revolution came in the 1970s with the era of partial automation and computers began.

Currently, we are in the midst of the fourth industrial revolution which is driven by artificial intelligence.

What is significant about artificial intelligence?

Artificial Intelligence gives machines the power to think, learn, and act as a human could, which means they can understand the world around them, learn, and make decisions, and then take the appropriate action. To do all of this AI needs data and lots of it for that matter. And the reason AI is part of the Fourth industrial revolution is that we have data, due to digitalization we have data more than ever before.

AI was invented in the 1960s and it is evolving ever since, now AI can take real-world financial decisions, chat with people, play games against humans, and work hand in hand with them. You would find an AI-driven system behind all the real-world applications. AI works in a sense-think-act cycle with the environment. Artificial Intelligence senses/takes in the data provided to it, makes a decision based on the experience, and finally performs an action affecting the environment.

It takes the data in the form of images, videos, sound, text, etc., analyses this data using AI algorithms, and delivers AI-powered solutions. The figure shows the sense-think-and-act cycle for an AI.

Start-Ups and Artificial Intelligence

The technological advancement in artificial intelligence has increased machine interaction, business models, and the living standard of humans.

The adoption of AI is resulting in a world that is smarter and innovative. Screening technologies for cancer at Freenome, self-driving cars detecting traffic, face recognition on pictures for friend’s tag suggestions at Facebook, sorting in our email, and the recommendation for online shopping are some examples of AI technological innovations present in our lives. Artificial intelligence is spreading through the market, it is necessary for the companies to perform R&D with their product and service. This new necessity is impelling businesses, entrepreneurs, and investigators to use AI to uplift their business, new strategies, new business models, and new sources for business value.

According to International Data Corporation (IDC), the worldwide spending on cognitive and Artificial Intelligence systems will increase prominently from ₹8 Thousand Crores in 2017 to approx. ₹43 Thousand Crores in 2021. With this increased funding amount, AI is likely to be involved in more sectors. Thus, it becomes necessary for R&D to research the functioning of an AI in different sectors in modern businesses. AI adoption by the companies will lead to the shaping of the business contexts. Prior awareness about the possibilities of AI would help society in adopting the AI-driven system.

AI and other businesses

Technology is reshaping all businesses. AI is pacing up, your business is going to have to get smarter. Every business is going to have to get smarter – from small start-ups, MSMEs to global corporations, and even traditional businesses. In the Indian market, businesses of different shapes and sizes will be impacted by this revolution.

Such a traditional sector like agriculture is undergoing some huge changes, in which AI is being used to intelligently plan what crops to plant, when, and where, to maximize harvests, which exponentially increases the efficiency of the farm, aeroponics is an artificial driven system with which crops or plants grow without soil or aggregate medium also referred as hydroponics or landless farming. AI can help farmers keep track of soil and weather conditions, and the health of crops. Data is even being gathered from farming equipment, to improve the efficiency of machine maintenance. Innovations of such intelligent machines are developed that can help in identifying and delicately sort cucumbers, picking up ripe soft fruits, and pinpoint pests and diseases.

This is the impact of Artificial Intelligence. All industries are evolving rapidly. Innovation and change are the new norms. Those who are unable to adapt to AI to improve their business – whatever the business – will struggle to compete.

Funding AI

Momentum began to shift in 2011 when AI venture capital investments saw a significant jump in the sector from ₹200 crores in 2011 to ₹1000 crores in 2016 and it was 1 lakh crores last year, signifying maturing capabilities and growing investor confidence in that domain. An Increase of investments into artificial intelligence continued in 2020 with funds growing by ₹ 1000 crores from January to July, despite the slowdown caused by the COVID-19 pandemic. Currently, the Indian AI market is valued to be more than ₹1000 crores in August 2020 and this is the midst of the COVID pandemic, AI has much more to offer. Also, SMEs and AI start-ups are now pacing and scaling up with new technological solutions. Hence, we can say that all the industrial sectors are witnessing an accelerated adoption of AI technologies to ensure business growth and development.

AI and India

Advancement in AI is the highest priority, many R&D departments are working on them. AI has far more potential than we have right now, especially in the medical field. Healthcare start-ups are an important factor to our medical services and can provide significant help in the post-covid-crisis also some medical start-ups have received funding in 2019, such as Babylon Health, Tempus, and Freenome, which provide remote health check and diagnosis, cancer treatment with a simple blood test, and delivery of therapeutics.

The Government of India is now taking a keen interest in developing the sector and to create a robust public AI infrastructure for all. The Ministry of Electronics and Information Technology (MEITY) has been working on a proposal for the National Mission of Artificial Intelligence. This project boosts the use of AI in India and was estimated to cost around ₹2000 crore. AI-based solutions like water management, pest control, and crop insurance are being developed. ICRISAT has developed an AI-powered sowing app, which utilizes weather models and data on local crop yield and rainfall. This led to a 10 to 30% increase in their harvest. The central board of secondary education has introduced AI into the school curriculum, starting out Python programming language and some prior knowledge of algorithms to ensure that students passing out have the basic knowledge of data science, machine learning, and artificial intelligence.

The market for artificial intelligence in India is growing continuously. This can also be determined from the fact that the number of people looking for jobs in this field is witnessing a stark rise. Job search in the AI market has risen to 106% from June 2019 to June 2020.

Customer communication made easy

Customer interaction is the most basic form of communication between a company and its customers. Every single interaction between both of them is a new opportunity for the company to understand and satisfy customers and retain them. In the conventional process, customers used to interact with the employees of the company, holding the position of retail shop executive, salespersons, cashiers, customer relationship managers, etc. for all their needs, products, and services. The integration of AI to fill up the communication gap between the customers and the companies. This evolved customer interaction from human-to-human to human-to-machine. Intelligent Chatbots and virtual assistants are some intelligent ways adopted by companies to make communication an easier experience. These new ways are very user friendly, are efficient in solving delays, human errors, and gives out almost immediate personalized responses to the customers. Following are some of the examples of companies with their AI-driven chat boxes

Google duplex: For making real-world calls

1-800-Flowers: Order flowers

North face: Product selection

Spotify: Discover weekly playlist

KFC: Facial recognition for order prediction

Currently, the most advanced conversational agents can automate simple, repetitive, low-level tasks and queries. However, developers are on their progressive path to make them capable of performing complex tasks, understand language emotions and more importantly the problems, and thus deliver an efficient and satisfactory/contented experience to the customers. Several global market intelligence firms have conducted various surveys and performed research activities to analyze the present and future of AI-based customer interaction.

Following are some examples of Indian Artificial Intelligence –

Niramai Health Analytix

NIRAMAI is developing a novel software to detect breast cancer at a much earlier stage than traditional methods or self-examination.

CropIn

CropIn is an intuitive, intelligent, self-evolving system that delivers future-ready farming solutions to the entire agricultural sector.

Niki.ai

Niki is bringing the household consumption of Bharat online by building the digital localized agent for 500 million new internet users.

The market is full of people trying to make it big in the game. And since there is a ton of competition out there you better want yourself to be ahead of others. That is why research and read as much as you can. We at insellers, have been doing a lot of research and carrying out the implementation with our clients. We tell you the not so often talked about inspiring reverie to real stories of SMEs and startups, to inspire the Entrepreneur in you. Check out our website for more amazing blogs like this.

#insellers #growth #startup #business #revenue

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digitalarpit · 3 years

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How Artificial Intelligence is revolutionizing the startup industry

Throughout history, the world has witnessed 3 industrial revolutions:

Currently, we are in the midst of the fourth industrial revolution which is driven by artificial intelligence.

What is significant about artificial intelligence?

Start-Ups and Artificial Intelligence

The technological advancement in artificial intelligence has increased machine interaction, business models, and the living standard of humans.

AI and other businesses

Funding AI

AI and India

Customer communication made easy

Google duplex: For making real-world calls

1-800-Flowers: Order flowers

North face: Product selection

Spotify: Discover weekly playlist

KFC: Facial recognition for order prediction

Following are some examples of Indian Artificial Intelligence –

· Niramai Health Analytix

NIRAMAI is developing a novel software to detect breast cancer at a much earlier stage than traditional methods or self-examination.

· CropIn

CropIn is an intuitive, intelligent, self-evolving system that delivers future-ready farming solutions to the entire agricultural sector.

· Niki.ai

Niki is bringing the household consumption of Bharat online by building the digital localized agent for 500 million new internet users.

The market is brimming with individuals attempting to become famous in the game. Furthermore, since there is a huge load of rivalry out there you better need yourself to be in front of others. That is the reason exploration and perused as much as possible. Be that as it may, we at insellers have just done all the examination and going around for you.

#artificial intelligence

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bhavanipendem · 3 years

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How Artificial Intelligence is revolutionizing the startup industry

Throughout history, the world has witnessed 3 industrial revolutions:

Currently, we are in the midst of the fourth industrial revolution which is driven by artificial intelligence.

What is significant about artificial intelligence?

Start-Ups and Artificial Intelligence

The technological advancement in artificial intelligence has increased machine interaction, business models, and the living standard of humans.

AI and other businesses

Funding AI

AI and India

Customer communication made easy

Google duplex: For making real-world calls

1-800-Flowers: Order flowers

North face: Product selection

Spotify: Discover weekly playlist

KFC: Facial recognition for order prediction

Following are some examples of Indian Artificial Intelligence –

· Niramai Health Analytix

NIRAMAI is developing a novel software to detect breast cancer at a much earlier stage than traditional methods or self-examination.

· CropIn

CropIn is an intuitive, intelligent, self-evolving system that delivers future-ready farming solutions to the entire agricultural sector.

· Niki.ai

Niki is bringing the household consumption of Bharat online by building the digital localized agent for 500 million new internet users.

#ai #artificial_intelligence_institute

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themindfulchef · 4 years

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💻I am so excited to part of the new way of doing business!!!💻 - - It's One week till the first ever Virtual Trade and Investment Convention! The countdown is on to October 28th-30th 2020! - Continuous innovation is not easy, but once you keep innovating how you innovate by employing some new ideas your hard work will pay off. #innovator #tic_2020 #virtualtradeshow #chefmarcelle #virtualticexperience #exhibitor #clickandorderbusiness #businessinthenewnormal #socialdistancing #globalflavors #pandemic2020 #covid_19 #cleangranola #agroprocessing #msme #selfsufficiency #breakingboundaries #eatlocaltt #supportlocaltt #buylocaltt #trinidadandtobagobrands #microbusiness #thenextstep #offland #thenewnormal #uniqueflavors #hmbyjeanette #blkowned (at Trade and Investment Convention (TIC)) https://www.instagram.com/p/CGsVzBgH16S/?igshid=smksta3i88lb

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investbalanga · 4 years

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Ayon kay Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno kahapon sa isang virtual event para sa 2020 Chamber of Thrift Banks (CTB) Convention, ang THRIFT LENDERS ay nagbigay ng P80 billion in loans sa mga micro-, small-, and medium-sized enterprises (MSMEs) na qualify bilang alternate reserve requirement compliance. Pinayagan ng central bank noong April ang mga nagpapahiram na gumamit ng credit to MSMEs bilang bahagi ng kanilang pagsunod sa requirement compliance as part of its regulatory relief for banks at upang magbigay ng suporta sa small businesses sa gitna ng pandemya. Alamin ang ibang detalye sa: https://www.bworldonline.com/msme-loans-counted-as-alternate-reserve-compliance-reach-p80b/ #BalangaKahangaHanga #InvestBalanga #1Bataan (at Balanga Rural Bank Inc) https://www.instagram.com/p/CGUNzFUnPI9/?igshid=1sfcioexbkl82

#balangakahangahanga #investbalanga #1bataan

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phgq · 4 years

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Diokno cites thrift banks' performance amid pandemic

#PHnews: Diokno cites thrift banks' performance amid pandemic

MANILA – Philippines’ thrift banking industry continues to show resilience from the pandemic as shown by the rise of their assets that allowed them to also help small businesses.

Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said the thrift banking industry doubled its resources as of end-June this year to PHP1.1 trillion from around PHP566.4 billion last year.

“Deposit liabilities and owners’ funds continue to finance asset growth, highly indicative of the public’s continued trust and confidence in the thrift banking industry,” Diokno said in his speech during the opening of the three-day virtual Chamber of Thrift Banks (CTB) convention Tuesday.

Diokno said the sector remains a strong ally of the government in boosting the welfare of the micro, small and medium enterprises (MSMEs) even during the pandemic.

As of end-June this year, thrift banks extended about PHP72.3 billion worth of loans to MSMEs and this rose to PHP80 billion as of end-July, he said.

This is on top of the PHP251.2 billion that the industry lent for real estate activities and the PHP302.2 billion extended for consumer finance.

While concerns on the rise of non-performing loans (NPLs) increased during the pandemic, the sector posted an improvement on this area with the figure going down to 5.7 percent as of last June from 5.9 percent in the same period in 2019.

NPL coverage also got better after it rose to 60.4 percent from 46.8 percent in June last year.

“The industry remains highly liquid as more than a quarter of the industry resources are kept as cash or financial assets with the liquid assets-to-deposits ratio improved to 30.9 percent as of end-June 2020 from 24.9 percent a year ago,” Diokno said.

Capital adequacy ratio (CAR), a gauge of a bank’s financial health, also improved from 16 percent in end-June 2019 to 17.5 percent at the end of the first half this year.

“Amid the pandemic, these are no small feat,” Diokno added. (PNA)

***

References:

* Philippine News Agency. "Diokno cites thrift banks' performance amid pandemic." Philippine News Agency. https://www.pna.gov.ph/articles/1118346 (accessed October 13, 2020 at 11:04PM UTC+14).

* Philippine News Agency. "Diokno cites thrift banks' performance amid pandemic." Archive Today. https://archive.ph/?run=1&url=https://www.pna.gov.ph/articles/1118346 (archived).

#Philippines #News #Filipino #Pinoy #Tourism #Politics #Culture #Editorial #Environment #Society #History

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vignaniasacademy · 4 years

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20-05-2020 Current affairs & Daily News Analysis

Govt to further revise criteria for classifying 'medium' enterprises under MSME definition: Gadkari Days after changing the definition of Micro, Small and Medium Enterprises (MSMEs), the government has decided to further revise the criteria for medium units by enhancing the investment and turnover limits to up to ₹50 crore and ₹200 crore respectively.

About: As per the revised definition, any firm with investment up to ₹1 crore and turnover under ₹5 crore will be classified as “micro”. A company with investment up to ₹10 crore and turnover up to ₹50 crore will be classified as “small” and a firm with investment up to ₹20 crore and turnover under ₹100 crore will be classified as “medium”. The previous criteria for classifying enterprises in the “medium” category was investment up to ₹10 crore and turnover of up to ₹5 crore. Source : The Hindu ( Economy ) Read UPSC Current affairs and Daily News Analysis from Best IAS Academy in Bangalore Vignan IAS Academy Govt launches National Test Abhyas mobile app for candidates to take mock tests for JEE Main and NEET Union Human Resource Development (HRD) Minister launched a new mobile app called the ‘National Test Abhyas'.

About: The AI-powered mobile App has been developed by National Testing Agency (NTA) to enable candidates to take mock tests for upcoming exams such as JEE Main, NEET under the NTA’s purview. The app has been launched to facilitate candidates’ access to high quality mock tests in their homes since there was a demand for making up the loss to students due to closure of educational institutions and NTA’s Test-Practice Centers (TPCs) due to the continuing lockdown. Source : PIB ( Education ) Read UPSC Current affairs and Daily News Analysis from Best IAS Academy in Bangalore Vignan IAS Academy mRNA-1273 US stock markets went soaring on the back of promising results from mRNA-1273 vaccine against novel coronavirus disease (Covid-19) developed by US pharmaceutical company Moderna.

About: mRNA-1273 is the working name of Moderna’s vaccine, which is currently in Phase 1 clinical trials under the aegis of the US National Institute of Allergy and Infectious Diseases (NIAID). The mRNA in the name means messenger RNA, which carries the genetic formula for the coding of a specific protein. In this vaccine, the particular mRNA used codes for the most distinguishing feature of the SARS-CoV2 — the spike protein — which is also the appendage that the virus uses to enter the cell and replicate. The vaccine, when injected into a person, codes for the spike protein. Thus even without the introduction of an attenuated (recognisable but not harmful) virus into the body, the body learns what the virus looks like and arms itself with the antibodies that are required to act against it. Source : Indian Express ( Health ) Read UPSC Current affairs and Daily News Analysis from Best IAS Academy in Bangalore Vignan IAS Academy India resumes purchase of Malaysian palm oil: Report Indian buyers have resumed purchases of Malaysian palm oil after a four-month gap following a diplomatic row, with buying spurred by a fall in domestic inventories and discounted prices.

About: The renewed purchases come amid improving trade relations between the two countries after the formation of a new government in Kuala Lumpur, with Malaysia signing a deal last week to buy a record 100,000 tonnes of Indian rice. Leading Indian importers last week contracted up to 200,000 tonnes of crude palm oil from Malaysia, the world’s No.2 producer after Indonesia, to be shipped in June and July. A restart to buying by India, the world’s biggest edible oil importer, could further support Malaysian palm oil prices. India buys more than 9 million tonnes of palm oil a year, accounting for nearly two-thirds of its total edible oil imports, and took a record 4.4 million tonnes of Malaysian palm oil in 2019. Source : Times of India ( Economy ) Read UPSC Current affairs and Daily News Analysis from Best IAS Academy in Bangalore Vignan IAS Academy EMPLOYEES PROVIDENT FUND (EPF) Government has notified cut in Employees Provident Fund (EPF) contribution to 10% for May, June, July.

About: The Centre has notified the reduction in statutory rate of contributions from 12 per cent to 10 per cent for wage months period from May to July, 2020 for all class of establishments covered under the Employees Provident Fund and Miscellaneous Provisions Act, 1952 . Reduction in rate of EPF contributions from 12 per cent to 10 percent of basic wages and Dearness allowances is intended to benefit both 4.3 Crore employees. As a result of reduction in statutory rate of contributions, the employee will have a higher take home pay. Important Info : Exemptions? This reduction of rate of contribution is not applicable to establishments like Central and State Public Sector enterprises or any other establishment owned or controlled by or under control of the Central or State Government.The reduced rate is also not applicable for Pradhan Mantri Garib Kalyan Yojana-PMGKY beneficiaries. Source : All India Radio ( Economy ) Read UPSC Current affairs and Daily News Analysis from Best IAS Academy in Bangalore Vignan IAS Academy WAG12 The Indian Railways has operationalised its first 12,000 hp electric locomotive manufactured locally by French rolling stock manufacturer Alstom. The loco is named WAG12 with Number 60027.

About: The locomotive made its maiden commercial run between Deen Dayal Upadhyaya Station to Shivpur. India became the sixth country in the world to join the club of countries producing high horsepower locomotive indigenously. It has been manufactured at the Madhepura Electric Locomotive Pvt. Ltd. (MELPL), in Bihar, which is a joint venture between the French major and the Indian railways holding an equity share of 74% and 26% respectively. The joint venture remains the largest Foreign Direct Investment in the railways sector. Entry of WAG 12B (e-loco) into the Indian Railways fleet will allow faster and safer movement of heavier freight trains capable to haul around 6000 tonnes at a top speed of 120 kmph. It is the first time, high horse power locomotive has been operationalised on broad gauge track in the world. Source : Economic Times ( Economy ) Read UPSC Current affairs and Daily News Analysis from Best IAS Academy in Bangalore Vignan IAS Academy 73rd WORLD HEALTH ASSEMBLY Dr. Harsh Vardhan, Union Minister of Health participated in the 73rd World Health Assembly (WHA) through Video Conference.

About: The World Health Assembly is the decision-making body of World Health Organization (WHO). It is attended by delegations from all WHO Member States and focuses on a specific health agenda prepared by the Executive Board. The main functions of the World Health Assembly are to determine the policies of the Organization, appoint the Director-General, supervise financial policies, and review and approve the proposed programme budget. The Health Assembly is held annually in Geneva, Switzerland. Important Info : At the assembly, more than 100 countries including India backed a resolution drafted by the European Union calling for an independent inquiry into the pandemic, which has claimed more than 3 lakh lives globally so far. Source : PIB ( International ) Read UPSC Current affairs and Daily News Analysis from Best IAS Academy in Bangalore Vignan IAS Academy WORLD BEE DAY 2020 World Bee Day 2020 is being celebated on May 20 under the theme “Save the Bees.”

About: To raise awareness of the importance of Bees and other pollinators, such as butterflies, bats and hummingbirds, the threats they face and their contribution to sustainable development, the UN designated 20 May as World Bee Day. Why 20 May? 20 May coincides with the birthday of Anton Janša, who in the 18th century pioneered modern beekeeping techniques in his native Slovenia and praised the bees for their ability to work so hard, while needing so little attention. Important Info : Recognizing the dimensions of the pollination crisis and its links to biodiversity and human livelihoods, the Convention on Biological Diversity has made the conservation and sustainable use of pollinators a priority.In 2000, the International Pollinator Initiative (IPI) was established at the Fifth Conference of Parties (COP V) as a cross-cutting initiative to promote the sustainable use of pollinators in agriculture and related ecosystems. Source : United Nations ( Environment ) Read UPSC Current affairs and Daily News Analysis from Best IAS Academy in Bangalore Vignan IAS Academy NEPAL-INDIA BORDER DISPUTE The Nepal government has decided it will release a new, updated political map which will include the disputed areas of Lipulekh, Kalapani and Limpiyadhura as part of Nepali territory.

About: This comes after the Indian defence ministry recently inaugurated a link road to the China border that passes through Lipulekh. The Kalapani territory is an area under Indian administration as part of Pithoragarh district in the Uttarakhand state. Following the road inauguration, the Nepal government released a press note stating that the eastern area from Mahakali River belongs to Nepal as per the Sugauli Treaty, 1816. But the Indian government said that it had constructed the road in its own territory. A few days later, the Indian Army chief General M.M. Naravane accused Nepal of acting ‘at the behest of someone else,’ a thinly veiled reference to China. Source : The Wire ( International ) Read UPSC Current affairs and Daily News Analysis from Best IAS Academy in Bangalore Vignan IAS Academy SOLAR MINIMUM The sun is said to have gone into a state called the 'solar minimum' and is about to enter the deepest period of 'sunshine recession' as sunspots are virtually not visibly at all. Some reports suggest that it has been almost 100 days this year when the sun has shown zero sunspots.

About: Sun has a cycle that lasts on average 11 years, and right now we are at the peak of that cycle. Every 11 years or so, sunspots fade away, bringing a period of relative calm. This is called the solar minimum. And it’s a regular part of the sunspot cycle. While intense activity such as sunspots and solar flares subside during solar minimum, that doesn’t mean the sun becomes dull. Solar activity simply changes form. For instance, during solar minimum we can see the development of long-lived coronal holes. This may cause health risks to astronauts travelling through space as "the sun’s magnetic field weakens and provides less shielding from these cosmic rays. Source : Times Now ( Science & Technology ) Read UPSC Current affairs and Daily News Analysis from Best IAS Academy in Bangalore Vignan IAS Academy Daily Current affairs and News Analysis Best IAS Coaching institutes in Bangalore Vignan IAS Academy Contact Vignan IAS Academy Enroll For IAS Foundation Course from Best IFS Academy in Bangalore Read the full article

#BestIASAcademyinBangalore #bestiascoachingcentreinbangalore #bestiascoachinginbangalore #bestupsccoachinginbangalore #BestUPSCCoaching

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vyapaarjagat · 3 years

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Vyapaar Jagat Convention & Awards inviting MSME businesses to redefine the notion of Entrepreneurship and make India Self Reliant

Vyapaar Jagat Convention & Awards to be held virtually from Dec 17 to 19 and winner’s felicitation in Mumbai. Ahmedabad: Industrialists, business entities, and entrepreneurs, the most-awaited business event of the year are just around the corner. The clock is ticking, and the countdown has begun for the business extravaganza. You guessed it right! The second edition of the Vyapaar Jagat…

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#awards 2021 #business awards 2021 #Dr. Pravin Parmar #MSME Businesses #VJCA #VJCA 2021)#vyapaar jagat #Vyapaar Jagat Convention & Awards #vyapaarjagat

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steven-p-warner · 7 years

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Feeding dogmatism to the dogs

The disproportionately high levels of assets in relation to earnings (foreign assets, considered volatile by shareholders) is the big problem with MNCs, much unlike the case with 'only exporting' firms. Steven Philip Warner | April 2017 Issue | The Dollar Business Sometimes, a shocking incomprehension is a better teacher for change than a whiteboard marker-waving genius. And often, changes come about by questioning conventions, even those that have become traditions of thoughts. In an era of globalisation, one such tradition thrives – the ‘multinational company’ model. [You don’t need a referendum to conclude on that.] This dogmatism has come to characterise both market economics and society. It is understood to be the governing school of thought that ensures capitalistic success on both fronts – corporate and individual! In vogue, this dogmatic certainty has developed traits that makes it irrefutable as say, religion. How do you prove the existence of God? You don’t. You believe. Similarly, those who harp about how MNCs are doing justice to Friedman’s flat world, will go far as to throw Rene Descartes’ process of painstaking reasonings (to achieve absolute certainty) out of the window if the philosophy of MNCs having become a ‘soggy’ idea is put forth. But, as I said earlier, sometimes, a shocking incomprehension is a better teacher… There is obviously little logic or science that can convince a dogma-drunk human, who spends hours buried up to his neck in sand to cure his rheumatism, that the beach isn’t really a hospital or the onlookers nurses. That’s not the effort here. My objective is not to challenge the therapy or slice out the inseparable. The idea is to present a better alternative – or talking about that man on the beach, suggest a reputed orthopaedic (over spending days in a process that was proven to be effective by Egyptians some centuries back). And in this case, not proving a concept of globalisation like MNCs to be flawed, but to present a better alternative to step onto foreign shores. Exports. Talk about international trade, and acronyms like FDI and MNC come to mind; what after years of these concepts being drilled into our heads. But cracks have started appearing on the fortress walls of these popular corporations built on the ideologies of FDIs and MNCs. These mighty citadels of modern capitalism are now feeling vulnerable, and there are signs of distrust in the very ‘equity and investment-based’ model they have relied on for decades. In the past decade, cross-border investments by MNCs have stagnated ($2.1 trillion in CY2006 and CY2015). Actually, in ten years leading to CY2016, their investments in foreign assets have fallen by 40%. There is another problem. Over the years, profits of MNCs have been on a downslide. As per a McKinsey Global Institute report, for the big MNCs, “profits are not only shrinking but also becoming more uncertain. Since 2000, the return on invested capital has been about 60% more volatile than it was from 1965 to 1980.” McKinsey has estimated that corporate profits of the MNCs could shrink from the current 9.8% of global GDP and 5.6% of revenue to 7.9% and 4.7%, respectively by 2025. [That’s an oops moment for blind followers of ‘MNC priests’.] "The disproportionately high levels of assets in relation to earnings (foreign assets, considered volatile by shareholders) is the big problem with MNCs, much unlike the case with 'only exporting' firms"

Are we paranoid? Perhaps just practical. A few reasons. Powerful digital platforms brought alive by the “Internet of things” have been feeding a growing monster (monster for traditional brick-and-mortar firms, a friendly giant for consumers globally) called ‘e-commerce’. Profits are gradually shifting from heavy industry to idea-intensive sectors that revolve around R&D, IPR, services, software and algorithms (and which can be delivered without setting up local facilities). Costs have possibly bottomed out for MNCs – which makes their accountants pinch themselves at the harsh reality called lowered ROCE. Availability of low-cost labour is fast becoming a thing of the past (even in China, Vietnam, Bangladesh and India). Interest rates have fallen to historically low levels across most countries, leaving no further room for hammering borrowing costs deeper into the ground. Also, the big tax-rate decline that we’ve since across most nations since the 1990s seems to have bottomed out and most MNCs have already massaged their tax bills to give their profit muscles the maximum relief possible.

The return on equity (ROE) of the top 700 multinationals (as per FTSE) has dropped from a peak of 18% to 11% in a matter of a decade. “The returns on the foreign operations of all firms have fallen, too, based on balance-of-payments statistics. For the three countries which have, historically, hosted the most and biggest MNCs – US, Britain and the Netherlands – ROE on foreign investment has shrunk to 4-8%. The trend is similar across the OECD. Multinationals based in emerging economies, which account for about a seventh of global firms’ overall activity, have fared no better,” states an EIU-OECD research. All these make grounds for an argumentative businessman that not too far into the future, ‘non-equity-based globalisation’ (pure exports minus FDI on foreign soil) may remain one of the most efficient ways to creating a global company. For profit-and-productivity focussed firms, this symbolises the re-emergence of the ‘international company’ at the cost of the MNC format.

"MNCs are valued at a discount of 9% to 17%. And in stark contrast is the fact that 'only exporting' firms are valued at a premium of about 4% due to their higher market value and lower asset size"

The superiority of ‘exports-focussed’ firms over MNCs is also proven in academic research. In a extensive research by Harrison and Click (of the US Federal Reserve Board) lasting 14 years and involving over 42,525 firm years, the experts conclude using significance analysis that capital markets penalise MNCs by “putting a lower value on the equity of multinational corporations than on otherwise similar domestic corporations”. MNCs are valued at a discount of anywhere between 9% to 17%. And in stark contrast is the fact that 'only exporting' firms are valued at a premium of about 4% due to their higher market value and lower asset size! So the disproportionately high levels of assets in relation to the earnings they generate (“foreign assets” that are generally considered volatile by shareholders whose values are subject to vagaries of policy and other macroeconomic changes in both the host and parent nations) is the problem with MNCs, unlike the case with 'only exporting' firms. Exporting firms are therefore far superior to MNCs in terms of efficiency and valuation, and that should serve a clear message to large companies and MSMEs around India. But having made that comparison, is there proof that the ‘exports-focussed’ model is also superior to a company that focusses solely on the domestic market? This piece is not a suggestion to attempt an escape from the ambiguities and anxieties that accompany investments on foreign shores. It is also not to glorify everything that’s build around the business model of serving everything “domestically” mainstream. You would have read on Buddha’s realistic middle-path doctrine. Perhaps foreign trade today is much like what he preached. There is a downside to adoption of the MNC model. [Ever imagine why virtual offices are in fashion these days?] At the same time, keeping your business confined within national boundaries isn't wise. There is some sort of reformist, capitalistic animus associated with exports. Does it boost profits? Recent history of domestic firms that have moved to exports confirm the obvious. 82% businesses experienced a positive impact on their bottomline (profits) after two years of exporting. Businesses that export, grow by almost 30% in just two years, claims a report titled, ‘Export to Expand’ by Prof. Robert Blackburn of the Kingston University, UK. A study conducted by Barclays puts it straightforwardly that, “Beyond business growth, almost nine in ten (87%) businesses identify other benefits to exporting, including having greater confidence in the longevity of the business (44%), increased productivity (37%), stronger innovation (28%) and a longer lifespan for their products and services (27%).” There is enough literary evidence that firms that indulge greater in exports (or imports) have a higher greater probability of survival. After studying the participation of Indian firms in foreign trade, Prof. T. N. Srinivasan of Yale University, concluded that “exporting firms are significantly larger, more productive and more profitable than non-exporting firms.” A study by Megha Mukim of the London School of Economics, titled, ‘Does exporting increase productivity? Evidence from India’ that used data for about 20 years and covered over 8,000 manufacturing firms in India concludes that “Exporting is associated with a jump in productivity, both within industries and within firms… Entry into export markets has a positive effect on firm performance…” There are many compelling reports that prove how export entrants become more productive once they start exporting and that the productivity gap between exporters and their domestic counterparts increases further over time. And the observations are not just confined to India. Across the world, economics continues to play a similar game; US, Denmark, UK, Sweden, Kenya, Vietnam, Spain, China, Portugal, Australia, Slovenia, EU…the list is long. It rewards those who avoid the bait of complacency (read: staying domestically-focussed) and overlook the lure of being over-ambitious to the extent of being ostentatious (read: jump to become an MNC without testing waters with exports first). And in this lies a lesson for Indian MSMEs – Look before you leap. But do leap! Modern economics is no religion. There is nothing as ‘blind faith’ in capitalism. There is no strategy that’s dogmatic and worth investing in at the same time. Don’t distrust the MNC model or foolhardily undermine domestically focussed businesses. But remember, there is always a third option – one that’s no sugar rush… try an export-oriented approach to test international waters. That’s what some of India’s exporters have done. It makes them deserving of a place on the cover of this issue. They're the 'Stars of a Globalised India'.

#MSME #eu #exporting #china #foreign trade #FDI #indianexporters

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