Reserve Bank of India governor Shaktikanta Das on Friday called for structural reforms and fiscal measures to activate growth saying monetary policy has its limits. The Governor identified 5 growth drives that could be priorotised to push growth. These are food processig industries, tourism, E-commerce and Startups to become part of a global value chain.

Publication: The Times of India

Date: January 25, 2020

A traders association has written to the government, seeking a probe into the business models of 16 technology startups and e-commerce companies such as Flipkart, Amazon, Zomato Swiggy and Oyo. In a letter to Commerce minister Piyush Goyal dated January 24, the Confederation of All India Traders (CAIT) alleged that the common phenomenon in these companies of incurring huge yearly losses and earning revenues is not a healthy business practice.

Publication: The Economic Times

Date: January 24, 2020

From the beginning of January 2016, the startup culture has amassed a substantial amount of attention in the country after the government of India launched the ‘Startup India’ initiative. The startups today are getting preferential treatment by the Indian banking sector after recognition of the immense potential in business expansion through investment. Previously the same fund granting giants were reluctant in financing the budding startups because of their conservative policy outlook. But the scenario now is dramatically different and the banking sector is more welcoming of the FinTech culture by readily providing credit lifeline to the rapidly advancing startup ecosystem in India.

Publication: BW Disrupt

Date: January 24, 2o2o

The first thing that pops in our head when we think about a startup is the city of Bengaluru. The Silicon Valley of India has remained at the forefront of tech-driven innovation, with the city possessing all the ingredients in terms of people, infrastructure, and know-how to keep this a pulsating, as well as a vibrant destination for the startup ecosystem today. The Bengaluru Innovation Report 2019, a study done by leading institutional investors – Accel, 3one4 Capital, Ideaspring Capital, and the Government of Karnataka on the state of startups in Karnataka, amplifies the importance of the city as the destination for those who would like to start their tech venture.

Publication: Yourstory

Date: January 26, 2020

What a decade it has been for Indian entrepreneurship in the technology and internet space. India emerged as the last big frontier for global investors hoping it would become the next China. Big money started to flow in post-2014, with Alibaba’s IPO. Two years later, Indian conglomerate Reliance Industries launched its telecom venture Jio, offering dirt cheap mobile data, which took the internet to the remotest regions. India had the perfect concoction — abundant capital, more than 400 million internet users and a thriving entrepreneurial ecosystem buoyed by a tribe of young IITians starting up.

Publication: The Economic Times

Date: January 25, 2020

As the first budget of the new decade, let’s explore some of the expectations that the e-commerce companies and start-ups have from Modi 2.0 government. The segment is helping enable the digital landscape within the Indian economy, paving way for the next frontier. The expectations continue to be for the government to provide necessary stimulus to continue along the path of ease of business, simplifications in filings and registrations, spur digital enablement, support growth of entrepreneurs (both big and small) to help grow a sector that is going to be a clear differentiator in India’s growth story.

Publication: CNBC TV18

Date: January 24, 2020

IKEA has recalled millions of its ‘Made in India’ Troligtvis travel mugs from 400 stores across the world. The company said that it has recalled the product due to excessive levels of chemicals. The Swedish furniture giant asked customers who are using the Troligtvis mugs, marked ‘Made in India’ to stop using it. IKEA also added that there are no medical issues with the product and this recall is purely a “proactive initiative” for the safety of its customers.

Publication: Business Today

Date: January 23, 2020