Business Today

Cover story | July 28, 2019

Lacking Drive

Lacking Drive

India is set to become a $3 trillion economy in the current financial year. But to reach $5 trillion in the next few years, major structural reforms are needed. The conservative approach adopted in Budget 2019/20 means the country will find it difficult to get there.

Dream On Budget

Finance Minister Nirmala Sitharamans Budget is long on promises but short on ideas about fulfilling them

Walking The Talk On EVs

Electric vehicles get a bonanza in Budget 2019 as government gets serious on e-mobility

Time To Cheer

The Budget has many pleasant surprises on the corporate tax front

Stepping Back

The Budget seeks to open fresh funding avenues for investing in infrastructure as the government's appetite for spending has waned

Providing Succour

The Budget will lower to a large extent the liquidity stress in the financial sector

Treading On Thin Ice

Exposure to external debt in foreign currency could put pressure on CAD

Skew Towards PM-Kisan

The shift might be aimed at boosting farmers' income but there is no extra outgo for two crore additional beneficiaries

The Intent Is Not There

Allocations have increased but mean absolutely nothing if structural reforms are what we have been hoping for

Reform, Perform, Transform

The Budget is promising and instils hope for a holistic economic order in coming years

Tackling The Core

The Budget sets the ball rolling on key agenda of the Modi 2.0 government

Tough Competition In Global Markets

India's exports have not been able to cope with the rising tide of imports, thus expanding the trade imbalance

Slow Crawl To Recovery

Getting private investments going is imperative to get sustained 8% growth. Policy measures are critical to spur the private capex cycle

Hopes Dashed Away

While expectations were that there would be 'big' measures to create jobs, the Budget was largely disappointing

Agriculture Gets Green Signal

Agriculture is a high potential area and the Budget tries to remind all of us that a farmer is also an entrepreneur

Editor's Note

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The Incremental Budget

The short-term idea the government had come up with just before the election was to directly give Rs 6,000 to each land-owning farmer in three tranches in a year

Leadership Spotlight

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Leaderspeak

The domestic automotive industry has troughed for some time as car sales are dipping. In CY2018, overall passenger vehicle sales grew 5.3 per cent while luxury cars recorded 3.5 per cent growth on a much smaller base

The Buzz

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Demand Gap To Be Bridged

Following the NBFC crisis, liquidity has dried up for project finance, and only top developers are now able to raise fresh funds

Avoid Regressive Measures

It seems the government, for now, wants to avoid all taxes which may be considered regressive

Cutting The Carbon Footprint

Flipkart has already deployed eight EVs in Hyderabad, 10 in New Delhi and 30 e-bikes in Bangalore

Caution Over NBFCs

The RBI has called for raising private capital instead of relying on capital infusion by the government by improving corporate governance

PMO Could Come Out With New Norms

India is looking to auction 5G spectrum and commercial mines for coal

Auto Industryhopes For Tax Cuts

Sale of motorcycles, scooters, heavy trucks, buses and even tractors are all down in the dump

Tighter Security

Market regulator takes steps to lower liquidity risks

Focus On Farm Sector Misuse

While every attempt to usher in responsible use of water is welcome, the government should not ignore the most glaring misuse of water, in agriculture

Margins Could Be Hit

Analysts expect steady revenue growth for bigger firms, whereas growth for mid-tier companies is likely to be muted this quarter

Round-The-Clock Surveillance

The Gurgaon-headquartered firm has developed IoT-powered GPS-tracking solutions for individuals, enterprises and government agencies

Game For Growth

How companies are leveraging social games for brand building

Will Arbitration Go Awry?

Indian courts have increasingly adopted an arbitration-friendly stance, but legal pitfalls could hinder the dispute resolution system

The Hub

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Repair Therapy

The path to product and profitability for stem cell players is fraught with challenges

Under Siege?

Two high-profile RBI exits - Urjit Patel and Viral Acharya - have again opened the debate on the central bank's independence

Mindtree 3.0

L&T completes the first successful hostile takeover in Indian IT as Mindtree braces for volatility

House Of Trouble?

Dewan Housing Finance is trying hard to come out of the NBFC liquidity storm

Brewed To Taste

Beer start-ups are rising up to challenge legacy brands

Off Course

India is not yet ready for a full-fledged 5G rollout, but going slow in a fast-evolving technology space may have its benefits

Industry 4.0: India Has Everything To Be Successful

Germany-based global engineering major Siemens AG, with revenues in excess of 83 billion Euro, has regrouped its industry verticals into three operating companies - Gas & Power, Digital Industries and Smart Infrastructure. Cedrik Neike, Member of the Managing Board of Siemens AG and CEO of Smart Infrastructure, spoke to Business Today's P.B. Jayakumar at Hannover in Germany on how the company is reinventing itself with newer technologies and opportunities unfolding for countries such as India. Cedrik - who started his career with Siemens and later worked with communication specialists like Cisco before rejoining - has extensive knowledge of Indian businesses and was part of the core team that rolled out Jio in India. Edited excerpts:

The Break-Out Zone

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Personal and Powerful

Dyson is using the Core Flow technology where jets of air meet on a convex surface and converge to create a high-pressure and focussed airflow

Android One Warrior

Nokia 2.2 is the most affordable Android One smartphone in the Indian market

Dawn Of A New Era

A 'universal' computer memory that handles the world's increasing hunger for data and consumes ultra-low energy is right here

A Makeover To Power Ahead

The new iPadOS 13 coming this fall will transform your tab into a power-packed performer

A Season Like No Other

From an atoll resort to gourmet dining, new-age fashion and heritage museum tours, this season cannot get any better

Hdfc Bank 2.0: No Stereotypes Here

The narrative looks at the man and his strategies which helped create one of the most valued banks globally. The excerpts below are published with the permission of Jaico Publishing House

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