In this issue

MORE OFTEN than not, in our roles as chroniclers of the economy, we are required
to take an aerial view, if I may call it that, of the direction in which change is
setting forth. The more I see the transformation in India today, the impact that
it has on people and progress, the more I feel we are in the moment of history,
where India is creating its ‘valley of good’.
With Aadhar, we took an important step to create a national identity system,
that was strong enough not only to give people secure access to benefits but also to
push sectors such as telecom and banking forward. It lay down the guardrails that
enable inclusion and democratisation, the digital India that our Prime Minister
envisions. The Indian government’s policies, exemplified by initiatives such as
the United Payments Interface and the Open Network for Digital Commerce,
have paved the way for a more equitable future. By placing a strong emphasis on
financial inclusion, India is shattering barriers and rewriting the rules of the
game.
Happy reading!
ANNURAG BATRA
 anurag.batra@businessworld.in

New Drugs Bill in Offing

IN A BID TO ENFORCE more stringent quality control on pharmaceuticals, the Union government is mulling on a new law to regulate the manufacturing, import and supply of medicines, medical devices and cosmetics

1 min

REAL MONEY FACES REAL THREAT

THE ONLINE GAMING sector was dealt a huge blow on 11 July when the 50th GST Council decided to levy a Goods & Services Tax (GST) of 28 per cent on online gaming, plunging the sunrise sector in utter gloom

1 min

And the Waters Prevailed

\"AND THE WATERS prevailed upon the earth for 150 days\" (Genesis -7). The quote from the Bible must haunt many minds around the world and especially India, where even arid regions like Delhi and Rajasthan not only experienced heavy rainfall, but flooded streets and localities

1 min

Compulsive Litigant?

DRIVEN BY THE resolve that the Central government should not be a compulsive litigant, the Union Ministry of Corporate Affairs (MCA) has taken a decision under its Special Arrears Clearance Drive-II to withdraw another 7,338 prosecutions, which have remained pending before various courts

1 min

GCC Tech Surge

INDIA’S INFOTECH SERVICES sector, led by TCS, Infosys, HCL Technologies and Wipro, came of age in 1999 with the Y2K transition

4 mins

FARM SUBSIDY IS MISDIRECTED.LARGE FARMERS EXTRACT MOST

THE AGRI-SYSTEM continues to be vulnerable, equally fragile. Our policymakers and most other experts glorify the Rs 5 lakh crore agricultural subsidies and tariffs

4 mins

High Productivity Needs Fresh Mindset

FOR A NATION blessed with land, nature in abundance with its sunshine, rivers, wind, and natural resources, and the societal need to grow economically, India has poor labour productivity

6 mins

What's Still Needed in Indian Infrastructure Financing?

THIS INTERSECTION of post-pandemic growth in economic activity and a resolute commitment to achieving net zero emissions, presents a golden opportunity for India to reimagine its infrastructure development and financing strategies, with a focus on sustainability, and future-readiness

4 mins

Riots in France and the Lessons in Policing

POLICE, ANYWHERE, everywhere, have a tough job to do – drawing a balance between what is lawful and what is unlawful, what is disagreeable and what is humane

5 mins

Shaktikanta Das is Central Bank Governor of the Year

MR Shaktikanta Das, Governor of the Reserve Bank of India (RBI) since December 2018, was honoured with the Governor of the Year award at London’s Central Banking Awards 2023

2 mins

Marketing Automation= Marketing Acceleration

PREVIOUSLY AN EXPENSIVE tool, excellent software for your marketing automation approach is now more accessible than ever before, thanks to recent technological advancements

4 mins

Threads THE NEW KID ON THE BLOCK

Meta's text-based app Threads has hit 100 million users within a week of its launch. Reports point to Twitter's traffic slowing

5 mins

$1 TRILLION VALLEY OF GOOD

Fuelled by fintech companies and UPI, India is witnessing a revolution that promises to democratise finance, making it more inclusive and accessible to all citizens

6 mins

Credit Needs

Growing per capita income, financial inclusivity, greater internet penetration and a large credit demand from SMBs is fueling the growth of digital lending in India

5 mins

INDIA IS A COUNTRY IN A HURRY

Indian consumers and leaders want agility and pace, and the fintech ecosystem has laid the foundations to achieve this, says Praveena Rai, COO, NPCI

2 mins

"WE ARE CREATING MORE BENGALURU OUTSIDE BENGALURU"

The Karnataka government has established the Karnataka Digital Economy Mission or KDEM to bridge the gap between industry and government and to enhance the tech ecosystem in the state. Sanjeev K. Gupta, CEO, KDEM discusses the aims, objectives, the success stories and much more with ASHISH SINHA. Excerpts

3 mins

FINTECH FUNDING OUTLOOK

FOR THE PAST 15 years financial services have been an important component of PE/VC investments, constituting around 40 per cent of capital deployed

2 mins

"We Want To Be The Banker Of Every MSME In India"

By indentifying and supporting small business owners with their credit needs, ARTH has emerged as a strong growth partner for many MSMEs, particularly those led by women

3 mins

"Personal Finance Management Is Like Going To Gym"

Axio, formerly Capital Float, has carved a niche for itself as a digital finance company with its app having notched up 14 million downloads so far

3 mins

"My Product is My Biggest Achievement"

Under Jaya Vaidhyanathan's leadership, BCT Digital has consistently delivered disruptive fintech, regtech, and cleantech solutions to large organisations across diverse industry verticals

3 mins

Flagbearer Of Digital Payments

BharatPe has played a crucial role in driving the adoption of digital payments as well as accelerating the pace of digitisation across the country

3 mins

Revolutionising Youth's Finances

mPokket has positioned itself as a trusted partner for students and young professionals seeking accessible and responsible credit solutions

3 mins

Riding High on the Cryptocurrency Wave

In the highly volatile crypto market, Mudrex encourages investors to adopt a long-term approach and invest in diversified crypto portfolios. It aims to demystify the complexities in this emerging field

3 mins

Transforming e-Governance

NeSL is driving digital transformation in e-governance for enhanced efficiency, transparency, and financial stability

3 mins

Promoting Financial Inclusion

PhonePe's commitment to consumer convenience and value creation drives innovations in digital payments, expanding access and adoption

3 mins

Reshaping the Insurance Landscape with New Narratives

Policybazaar.com leverages innovation and technology to introduce greater transparency into buying insurance products

3 mins

A Platform that Resolves Disputes at a Click

Presolv360 is a platform that adopts a unique approach to resolving commercial disputes at virtually zero cost by combining technology, human expertise and innovation

3 mins

Financier of Green Commercial Vehicles

Revfin finances commercial electric vehicles in 18 states, focussing particularly on that risky segment of borrowers who have no credit score

3 mins

Offers Seamless Payments and Credit Options

RING provides a smooth app experience, quick disbursals, and a plethora of financial product offerings to merchants and customers

3 mins

Technology Platform for Insurance Distribution

Riskcovry believes that insurance should be as ubiquitous as payment services, available anywhere and anytime to manage the risks that surround us

3 mins

Revolutionising Supply Chain Finance

Under the leadership of Gautam Udani and Binny Shah, Veefin Solutions has emerged as a leading supply chain finance technology service provider worldwide

3 mins

Redefining Cross-border Payments

Winvesta is revolutionising the payment landscape with transparency, speed, and cost savings

3 mins

Transforming Business Expense Management

Empowering businesses with end-to-end spend management solutions and unparalleled innovation

2 mins

Robust Borderless Financial Solutions

Since its launch in 2021, Zolve has set out to simplify cross-border finance for students as well professionals

3 mins

DIALLING 'Q' FOR QUALITY

As India makes the transition to 5G at breakneck speed, the large-scale network congestion and outages resulting from it have put the scanner squarely on the quality of services

6 mins

Assuring High Standards with Quality Food

FOOD IS ESSENTIAL for our survival and safe food is necessary for sound health. India faces a silent epidemic today of diet-related diseases such as diabetes, hypertension, and obesity, with all research papers indicating a direct relationship between the food that we eat and the consequential repercussions on health

7 mins

Is Trolling, an Essential Freedom?

TROLLING is a phenomenon that has gained significant attention in the realms of social media and online communities

3 mins

DARK MATTER MATTERS

THE LAST FEW WEEKS have seen much action and excitement in the science arena

4 mins

INCLUSIVITY

TO MY MIND, the two biggest problems faced by the world today are Climate Change (cause celebre of Sustainability) and Inclusivity

6 mins

MASTER STROKES - Embracing Automation And Innovation: A Transformative Era For Banking

In a world rife with geopolitical tension, interest rate hikes, runaway inflation and monetary tightening, banks today face challenges that are putting significant pressure on their margins. However, amidst these obstacles, the banking sector in India has shown remarkableresilience

4 mins

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