Sanjeev Sanyal: So, I think you need to look at how we were in March, in order to understand how we have been dealing with it. the kind of decisions we have been taking; Remember, much of what I am going to talk about is trying to make decisions in an environment of utter uncertainties, where the situation is evolving all the time. So, if you go back to the middle of March, we did not have much information about what exactly was happening on the health side, we knew that something fairly bad happened in Wuhan and then it was spreading to Italy. but, beyond that we really did not have much information. So, of course, like every government we asked for opinions from experts. We got a very wide range of outcomes, there were very negative ones which suggested that hundreds and millions of people will be affected, and lakhs of people would die by June. And then there were others, who believed that there was nothing much more than the bad flu. So, one thing we understood from the … [Read more...] about Exclusive I Sanjeev Sanyal on economic recovery, IBC, financial doles, gold monetisation scheme and more
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The press release by the government lays out the larger intent of the Negative List: ‘……to assess current and future capabilities of the Indian industry for manufacturing various ammunition/weapons/platforms/equipment within India’. It also outlines the lucrative domestic market size by announcing ‘…with the latest embargo, it is estimated that contracts worth almost Rs 4,00,000 crore will be placed upon the domestic industry within the next five to seven years’. The embargo is to be progressively implemented between 2020 and 2024, thus indicating that by late 2020s, Indian military industry should be ready to undertake further challenging military technology projects and be a part of the global military-industrial universe. … [Read more...] about Before celebrating the import embargo on military items, worth checking the results of the defence offsets
India is one of the largest vaccine manufacturers globally by volume and provides 70 percent of UNICEF’s requirement. Various Indian players are at the forefront of the COVID-19 vaccine development and India is also attractive for clinical trials due to the incidence of myriad diseases, cheaper healthcare services, and favourable regulations. This completes India’s bouquet of offerings for vaccine developers and manufacturers. So, does this put India in an advantageous position? Will India play a key role in global vaccination? And is India ahead of the world in efforts to end COVID-19? … [Read more...] about 3-Point Analysis | Why does India have upper hand in global vaccine plan?
Typically, Apple and Google require games on iOS and Android to use their respective in-app purchase systems, thereby entitling them to a 30% cut of all revenues. Epic calls out those fees as “exorbitant” in a post on its website and says it will pass along the savings to players if Apple and Google reduce their cut. … [Read more...] about Epic just slashed prices on ‘Fortnite’ gear by sidestepping Apple and Google
Therefore, our belief in investing in the Indian tech ecosystem has only got stronger. However, we also believe that once a vaccine is proven effective, things should normalise in some but not all sectors. So we continue to look at growth equity investments even in select offline sectors since we have a very long-term outlook. In addition, COVID has reminded us to continue to look for entrepreneurs that are not only bull-market performers but also have the tenacity, passion and executional ability to weather storms like the one we are in the midst of. … [Read more...] about EXCLUSIVE | COVID has hurtled India two-three years forward in its digital evolution: Norwest India’s Niren Shah