Earlier to this, he was made the director of Reliance Oil and Chemicals in February this year. He was also an additional director on the board of Jio Platforms. Anant is also handling many responsibilities in Reliance Industries from sometimes. Now Anant’s appointment as director in new companies has caught people’s attention. There has been a lot of speculation among the investors about the successor of Mukesh Ambani. This fragrance is also present because Mukesh Ambani has three children and the history of business division in the Ambani family has been bitter.

What was the tussle between Mukesh and Anil Ambani after Dhirubhai died

Let me tell you that there was tussle between Mukesh Ambani and Anil Ambani seen after the death of Dhirubhai Ambani in 2002. After Dhirubhai death Ambani became the chairman of Reliance Group and Anil Ambani became the Managing Director. Before this Mukesh Ambani joined Reliance in 1981 and Anil Ambani in 1983. Both brothers continue to support his father in many business without any dispute. The rift between both the brother came out after the death of Senior Ambani. Thats why Mukesh doesn’t want to take change while selecting Reliance Industries Successor this time.

Also Read: Ambani Vs Adani battle begun for green energy supremacy in India

Let mettle you that Reliance Industries founder and chairman Dhirubhai Ambani died in July 2002. But he has not written any will before his death. After his death Mukesh and Anil’s feud came out for the control of business empire build by their father. Even Dhirubhai Ambani’s wife Kokilaben was upset due to this ongoing dispute between both the brothers. To address the family dispute she divided the Reliance Industries into two parts in June 2005. VK Kamat, then the chairman of ICICI Bank has intervene in this partition of empire between both the brothers.

What went wrong after the demerger of Reliance Industries in 2006: Reliance Industries Successor

To solve the ongoing tussle between both the brother for reliance Industries. Kokilaben, the wife of Late Dhirubhai Ambani decided the equal distribution of power between both the brothers. After partition Reliance Industries, Indian Petrochemicals Corp Ltd, Reliance Petroleum, Reliance Industrial Infrastructure Ltd has gone to Mukesh Ambani. Younger brother Anil Ambani got companies like RCom, Reliance Capital, Reliance Energy, Reliance Natural Resources etc. Anil Ambani also formed a new group called Anil Dhirubhai Ambani Group for all his businesses. 

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During the division both the brother got almost equal wealth and companies to run independent business. Since then Mukesh Ambani’s business is touching new heights and he has build an empire worth over 3.8 trillion Indian rupees. But younger brother Anil’s fortune is not supported him. He has lost almost all his wealth in last 15-16 years and his group is debt ridden at the moment. After taking over the business, Mukesh Ambani all projects succeeded and touch new heights. But Anil Ambani all initiative lost the ground and many of his companies forced to become bankrupt. Mukesh doesn’t want this for his some and they why he is working towards selecting Reliance Industries Successor.

How many children Mukesh Ambani has and why they do at present

Mukesh Ambani has three children and all of them is supporting various business run by his father. They where made directors is many key projects and companies. Here is the list of responsibility handled by all three

Akash Ambani: In 2014, took a degree in Economics from Brown University. After that he joined the family business. Jio Platforms, Jio Limited, Saavn Media, Jio Infocomm, Reliance Retail Ventures are on the board.

Isha Ambani: Studied at Yale and Stanford. Joined the family business in 2015. Jio Platforms, Jio Limited, is on the board of Reliance Retail Ventures. Isha got married in December 2018 to Anand Piramal, son of businessman Ajay Piramal.

Anant Ambani: Studied at Brown University of America. Reliance New Energy, Reliance New Solar Energy, Reliance O2C, are on the board of Jio Platforms.

What is the future plan of Reliance Industries and role of Ambani Children’s 

Reliance industries has a very aggressive plan for next few years. They are planning to invest huge money in Jio for 5G capability. They are planning to enhance Jio wireless network for video streaming and high speed user experience. Jio network also planning to bring Netflix Disney Plus Hotstar, Amazon Prime Video and TV channels under single roof. In July 2020, Mukesh Ambani and his children Isha and Akash gave a glimpse of future plans at Reliance’s AGM i.e. annual meeting of shareholders.

Also Read: SoftBank Reinvestment In Flipkart will challenge the eCommerce game

Reliance industries also very bullish about their retail business. They are planning to add more merchants on their e-commerce venture JioMart in the next three years. Reliance will also invest Rs 15,000 crore in value chain partnerships and future technologies to enhance e-commerce business. Apart from retail Reliance Industries also planning to venture in Green Energy Business. The group planning to invest about 75,000 Crore in thus sector to produce 100 GW of solar energy in the next 10 years. Ril also started Dhirubhai Green Energy Complex will be started in Jamnagar, Gujarat. Keeping all these succession plan Reliance Industries Successor has to be selected very carefully.

What is family council and how they will select Reliance Industries Successor

As per media reports there is a discussion going on in Reliance Industries for its successor selection. The group advisor believe that reliance industries biggest challenge at this moment is the good return for investors. There is also a risk of ‘Key Man’ in front of investors as Mukesh Ambani getting older by each passing day. Ril conventional business of oil and gas has limited scope of growth in coming years. These area the area of concern for Reliance Industries at this moment.

Also Read: SEBI impose penalty on Reliance and Mukesh Ambani for foul play

The address this challenge and continue to gain the investors trust Reliance Industries Successor has to be selected very carefully. As per media reports Mukesh Ambani will form a family council in this regard. This council will decide the successor of Reliance Industries in future. Senior members of the family will be included in this along with the three children. Apart from this, there will also be mentors and advisors join this council. It was claimed that by the end of next year, the blueprint for working on the succession plan would be ready. However, a Reliance Group spokesperson rejected the report. He said that it is completely based on imagination.

The post Why Reliance Industries Successor plan is being discussed in media appeared first on Thepost24.

Reliance entry in green energy sector has immediately grab the attention of players in this sector. This will be the first time when Ambani Vs Adani battle will be seen in Indian business space for any sector. Both will try to establish their supremacy in this field as per experts. Gautam Adani owned Adani Group is already present in this space and producing green energy in different sates in India. They have also acquired some international contract in recent past.

What kind of investment committed by Adani Group and Reliance Industries in this sector

Let me tell you that Adani Green Energy won contract to set up world’s largest power project in July 2020. For this project Adani group committed to invest about 45,300 Crore. Adani group is also present in 11 Indian States and producing about 15,390 megawatt green energy. They have booked the revenue worth 3,183 Crore with net profit of 210 Crore in FY 2020-21. Adani’s already building green energy infrastructure in Indian states and investing significant money in this sector.

Also Read: SoftBank Reinvestment In Flipkart will challenge the eCommerce game

Now Reliance Industries announced a mega plan to enter in the green energy business. They have provisioned investment of Rs 75,000 crore in this sector for next three years. Now the Mukesh Ambani announcement to enter in this sector with such a huge investment has started the battle between Ambani Vs Adani. It will be interesting to see who win this batle. Both group has deep pocket and and excellent alignment with current power centre in Indian Government. They will try to get the government support in their favour.

What is Green Energy and why top industries planning to venture in this sector

Green energy is the process of producing energy with natural sources such as sunlight, wind or water. This Green Energy does not harm the environment and this will be future of energy in requirement and fulfilment in the world. It is promoted by the government because it does not produce harmful greenhouse gases. Green energy is also called renewable energy. Considering the potential in this sector Ambani Vs Adani battle begun and both will try to set their supremacy in this sector.

Also Read: Poor Economic Growth will lead to high inflation and job loss in India

Let me tell you that the green energy has a long future and government across the world promoting this sector. Since government across the world has deep interest and promoting this sector Reliance Industries planned to venture and wish to explore this sector. Reliance is not the first company in India who has shifted their focus to the green and renewable energy. Many Indian infrastructure companies already ventured in this sector. These companies has invested about Rs 37,000 crore between April to December 2019. Energy experts believe that this sector will get investment worth 37 lakh crore by 2028.

How Reliance Industries planning to win this battle in Green Energy Space: Ambani Vs Adani

To win the battle in Green Energy sector, Reliance Industries is planning to build a 4 Giga factory in Jamnagar, Gujarat. They will invest about 60 thousand crores for this factory. Reliance is planning to produce solar panels, batteries, green hydrogen and fuel cells in this factory at Jamnagar. Apart from this, Rs 15,000 crore will be invested to create value chain and partnership with future technology. The total investment of 75 thousand crores will be invested in the next 3 years for green energy business.

Also Read: Why Half of Indian Startups Shut Down before end of FY 2021-22

With this investment, Reliance Industries wants to achieve the target of 100 GW of renewable energy by 2030. They also wants zero carbon tag by 2035 for Reliance Industries. Let me tell you that, this sector has already got about 3 Lakh Crore investment and producing around 94 Gigawatt Green energy in India. This sector has huge potential and 49% to total world energy requirement will be fulfilled by Green Energy by 2040 as per experts. The potential in this sector bring Ambani Vs Adani battle in the field.

What will be the strategy of Adani Group to maintain the dominance in this sector: Ambani Vs Adani

People closely monitoring the growth and business of Gautam Adani Group believe that he will continue to follow the current strategy to maintain the dominance in this sector. Adani’s will continue to partner with centre and state government to produce green energy. They all also use their influence in centre government to get international and domestic contracts in this sector. They will invest slowly in this sector and expand business strategically. Adani group is known to expand business via government funds and subsidy. 

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Experts believe that, there will be no major change in their strategy even after the Reliance Industries announcement to enter in Green Energy sector. Adani’s may not follow the Reliance Industries strategy to invest huge in this sector with promise of growth. They will continue to go slow and expand business in India and overseas. But experts believe that this battle between Ambani Vs Adani will be interesting for energy sector. This battle will benefit the power sector in India and world.

The post Ambani Vs Adani battle begun for green energy supremacy in India appeared first on Thepost24.

Everyone is asking, why government increasing petrol and diesel price when crude oil price has not increased in the same proportion in last few days. Rather crude oil price decreased in international market as per media reports. The weird logic of Modi Government also exposed when they said that the oil companies are independent and take pricing decision based on crude oil price in International market. Let me tell you, petroleum companies never reduced the price when crude oil price goes down in international market.

Why petroleum companies do not increase prices during the elections

The Modi government Petrol Diesel pricing strategy also get exposed before every election. The petroleum companies pause the price rise during election even when crude oil price change in international market. This logic can be better understood when oil prices become consistent for more than 45 days during five assembly election this year. Both government and oil companies does not touch the pricing during the election.

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But the soon after election results declared on 2nd May. The prices of petrol and diesel started increasing. Petrol has become costlier by Rs 5.57 in Delhi in the last 39 days. At the same time, diesel has become costlier by Rs 6.07. On Saturday, the price of petrol in Delhi went up to Rs 96.18 and the cost of diesel to Rs 87.04. Let me tell you that the Petrol Diesel Price Increasing continuously from last 39 days.

What Petroleum Minister said on price rise in India: Petrol Diesel Price Increasing

Petroleum Minister Dharmendra Pradhan said on Monday that there is no scope for any reduction in the prices of petrol and diesel at present. He attributed this to rising crude oil prices in the international market. Pradhan also said that crude has now crossed $ 70 per barrel. However Pradhan forget, what was the crude oil price when Modi government came in power in 2014. The government’s own data says that the crude oil price was $ 109 per barrel when Narendra Modi came to power in 2014. That time petrol was at 71.51 a litre and diesel was Rs 57.28 litre in the country.

Also Read: Why petrol and diesel price increased by the oil companies in India

The Modi government officials gave another logic behind this prices rise. They said that the value of rupee against dollar is also responsible for oil price rise in India. But this is also fake as one dollar was at around Rs 58.81 in 2014. As per this value, the crude oil was at Rs 6,326.19 per barrel on that time. Now with the same logic, the price of crude has to be at Rs 5199.46 today per barrel considering current dollar rate at around $ 73. Experts believe that government is confusing people and making money in this economic crisis. They don’t have any economic revival plan for the country.

Why government keep increasing petrol diesel prices

It is known that government need money to run populist schemes to win elections. Since the modi government come in power in 2014. They have not focused to improve the economy for earning rather they hit the economy with their weird schemes. Demonetisation scheme of Modi government killed the MSME and real state sector. Similarly GST scheme with problems destroyed the remaining medium and large manufacturing companies. As you know that, these are the sector generate maximum employment and gave direct and indirect taxes revenue to the government.

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Since Modi government has low understanding of countries economic condition. Their economic policies has hit the country and made a large number of people unemployed. They also killed many sectors in India with their policy.  This has created impact on their direct and indirect tax earnings. Since then they are struggling to get the money to run their populist schemes. To earn money in this situation they announced disinvestment of governments profit making ventures. They also started increasing taxes and petroleum products to earn easy money. They also pushed RBI to give them their cash reserve for government schemes. Experts believe that the don’t have any vision to revise countries economy rather they want to earn money from Petrol Diesel Price Increase. 

The post Why Petrol Diesel Price Increasing when crude oil under $70 per barrel appeared first on Thepost24.

According to internal sources, SoftBank Reinvestment In Flipkart will be around $2 billion. This may include groups of sovereign wealth funds like ADQ of Abu Dhabi, CPPIB of Canada. Along with these new investors, the existing investors like GIC and Qatar will also increase their stake by infusing new funds. Flipkart’s new investment plan has confused the industry experts and they are waiting for the development before making any observation.

Why SoftBank reinvesting in Flipkart after exiting from the company

The recent development and pandemic has pushed SoftBank Vision Fund to relook Flipkart. There was a massive growth in grocery business reported by Flipkart in recent past. The fSoftBank Reinvestment In Flipkart will creative massive liquidity in the Indian eCommerce market. This will help existing players and Flipkart to explore new areas of business. Flipkart’s traditional rival Amazon consistently invested in the India market from a very long time. Amazon has invested about $7 billion in retailing, online payments, video streaming, food delivery and many other sectors.

Also Read: Poor Economic Growth will lead to high inflation and job loss in India

SoftBank Reinvestment In Flipkart will create new competition in the eCommerce market. This will also help Flipkart to exploring new areas for e-commerce business in overseas apart from India. The existing e-commerce players will also forced to increase their investment in the sector to be relevant. The Flipkart expansion in new areas will create healthy competition and increase business opportunity. SoftBank Reinvestment In Flipkart will help Indian economy to go back on track and create new jobs and open market for small sellers. 

Does SoftBank investment in Flipkart will help them in US listing?

The SSoftBank Reinvestment In Flipkart will speedup the process for companies listing in US market. This will also help Flipkart to maintain the private company status even after the listing in US exchange. The investors will get more money by liquidating their stake while make private entity to a public company. SoftBank Reinvestment In Flipkart has larger meaning and will try to convert Flipkart as global company.

Also Read: How 100 Million Job Loss in second wave shaken the Indians job hope

Many believe that US listing of Flipkart will attract global investors and allow local US citizens to invest. The local US citizens will also get an opportunity to make money from an emerging company expending its footprint in new markets across the globe. Flipkart will also take an advantage of American investors who can introduce them in new market across the world. This will be a good decision for the future of the company.

Does SoftBank want Flipkart to explore business beyond gadgets, electronics and fashion?

SoftBank Reinvestment In Flipkart will make it strong and powerful option to compete with Amazon, Reliance and the Tata Group. Aside this, most of the Indian e-commerce platform still working like online retailers in India. And this is a very little small part of this entire digital space. Thats why Flipkart Chief Executive Kalyan Krishnamurthy has made investments in last two years. He has acquired companies to enhance supply chain, logistics and fashion brand portfolio of the company.

Also Read: Why Half of Indian Startups Shut Down before end of FY 2021-22

Flipkart acquired Cleartrip to strengthen its presence in the online travel and hotel booking in April. Last year, Flipkart invested Rs 1,500 crore to pick about 8% stake in Aditya Birla fashion and retail company. They also pick the 27% stake in Arvind Youth Brands, a subsidiary of Arvind Fashion to enhance its fashion portfolio. Such investment has created more interest for SoftBank Reinvestment In Flipkart and they believe it will give them good returns in long run.

Why SoftBank tried to consolidate Indian eCommerce Companies in 2017

SoftBank tried to consolidate Indian largest e-commerce like Snapdeal and and Flipkart in 2017. They sensed the entry of large players and thought to build a single competitive e-commerce company. But the deal failed due to protests from Snapdeal and it has pushed SoftBank to pursue only Flipkart. But when Walmart decided to enter India’s retail eCommerce business in 2018. The SoftBank sold its stake to Walmart in $ 4 billion and exit from Flipkart. Walmart acquired 77% stake in Flipkart and become a largest share holder with this deal.

Also Read: Setback for Reliance Industries and Future Group Deal by Court

Let me tell you that SoftBank knows that big global players like Amazon and Walmart entry in retail market will change the dynamics. They are known for huge investment and use their global learning to build the market in placed where they enter. Thats why SoftBank exited from Flipkart and allowed these global players to reshape the indian e-commerce market. SoftBank also thought that more merger and acquisition in Indian e-commerce space on that time. But now SoftBank Reinvestment In Flipkart has different meaning and new interest.

What is the real battle of India eCommerce market?

The real battle of Indian eCommerce market is the retail grocery business. There has been an unprecedented growth in this business in the last one year. The pandemic and lockdown pushed most of indian to move on online purchase of their essential and grocery items. Now large number of customers come and do their daily shopping from these eCommerce portal. The online grocery space is dominated by BigBasket and Grofers in India. But they too don’t have pan India presence and still hold a very little market share in tis space. The SoftBank Reinvestment In Flipkart is because of their entry in Indian grocery business.

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Let me tell you that Indian grocery market is the largest grocery market in the world. Most of Indian buy their ration from the local ration shops in their areas. Many such retailers only push products which has high margin. Many competitive brands does not get the space on those retails stors. This all has huge potential from seller to consumers in Indian retail grocery market. Thats why almost all the big Indian groups trying their luck in this field. The Tata Group, Reliance Industries, Birla Group, Bharti and many other groups have already made their presence in Indian grocery retail business. Now Flipkart and Amazon has to play a bigger role considering their reach and logistical presence.

You may also like to read: Mamta Banerjee National Ambition started shaping

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Let me tell you that unemployment rate in country reached to the highest level during the last year lockdown. It was reached to record 23.5% in May after nationwide lockdown announced in March last year. But this figure was gradually come down when unlock process started in the country. The economy growth was also started coming back on track unless second wave hit the country in Feb 2021. Second wave of corona pandemic was more infectious and dangerous. It has pushed people to lock themselves at home and save life.

What is the challenge for job market after second wave of corona

Industry experts believe that country has passed the peak of second wave in the country. The damage was already done and 100 Million Job Loss may have impacted families. Now government and people has to put effort to bring back economy on track. The Industry has to work and slowly bring resources back to do the required job. This will help in improving economy and bring down the unemployment percentage in the country.

Also Read: Why Half of Indian Startups Shut Down before end of FY 2021-22

But there are challenge for job seekers in organise sector. It doesn’t look that permanent job market will back on track soon. There are challenges after 100 Million Job Loss expected in just 2 months this year. 

Job Seekers Challenge:

• People lost their job in organise sector may not get job back easily 
• Organise sector facing other challenge before opening up regular operation
• Un-organise sector may offer instent job after unlock down but it will not guarantee regular income and employment
• Around 60% of start-up and MSME mat shut their operation before end of this year
• Startups and MSMEs are facing serious cash flow issue and they did not get any support from government so far.
• Post covid19 employers reduced the remuneration of new employees because of less demand and more supply of skilled resource. 
• New Labour laws also in favour of employers where they will hire less resource and get more work from existing one.
• There is not much effort and support from government to industry in both the corona wave

There are endless points to mention why job market may not get improved in the country. But main points are highlighted above for your broader understanding.

What is the normal unemployment ratio in the country

The 3-4% unemployment ratio is the normal for the country from a very long time. It has gradually increased in last few years due to current government policy. The Modi government decision of demonetisation, GST, disinvestment and merger of banks has added the unemployment in the country. The government policy of demonetisation and GST had almost killed the MSME sector as per experts. Now 100 Million Job Loss expected in CMIE survey has further increased the pain of job seekers.

Also Read: Threat on Food Delivery Apps in India may lead to thousand job loss

To see the current impact on job market CMIE conducted a nationwide survey on 1.75 lakh families in April. The survey revealed a disturbing trend of earnings in the last one year. In the survey, only 3% of the households said that their income had increased. The 55% families said that their income had decreased since coronavirus and lockdown hit the country. Survey also revealed that 42% peoples family income remain constraints during this period. The survey data seams real and 100 Million Job Loss data has support of many economist in the country.

Why urban job market more impacted during the second wave of pandemic: 100 Million Job Loss

The urban unemployment ratio was most affected and it has reached to 18% by end of May 2021. But the same time reveal that total unemployment in the country remain at 12.15% during this period. The higher urban unemployment has raised many question to researchers. CMIE also tried to identify the reason on unemployment disparity between urban and rural India. While investigation they found some statistics to understand the reason. It has also proved that 100 Million Job Loss could be a reality.

Also Read: What is Code Of Wages 2020 and how this will impact Indian labour law

The main reason for higher unemployment in urban area was the strict lockdown during the second wave peak. Most of the Indian states announced partial lockdown in the main cities of the country starting April. Later they converted it into the strict lockdown when corona cases increased in urban India. Opposite to this workforce participated in farming and other work which was allowed in tier-2, tier-3 cities and rural India. Most of rural India did not had strict lockdown and farming and NAREGA kind of project was continued even during the peak of coronavirus second wave.

What industry experts believe about the unemployment rate in India: 100 Million Job Loss

Industry experts believe that unemployment rate will remain high in urban area for more than 6 months. The main reasons for this is fewer employment opportunities, companies hesitate to hire more employees. The uncertainty of fear of third wave still pushing employers not to ope un jobs at present. Coronavirus spread through the air also increased the risk for employers to hire more workforce in this uncertain period. The 100 Million Job Loss many not get back to Jon again considering thes factors.

Also Read: Why petrol and diesel price increased by the oil companies in India

Even the government policy does not allow all resources to the work has created concern for employers not to hire new workforce. The big job industry like tourism, entertainment, hospitality and automobile is totally shut during this period. Even today they are not sure about hiring new resource due to government regulation and people fear. Similarly other sectors also uncertain about adding new resource. This all is making job market scary for job seekers. Hope things will change soon and job market will open again in India. The 100 Million Job Loss is setback for India.

The post How 100 Million Job Loss in second wave shaken the Indians job hope appeared first on Thepost24.

According to a leading market research firm LocalCircle, 59% of Indian Startups Shut Down or sell themselves before FY. This list will not only include new startups but it will also add India’s small and medium (MSME) businesses. As per survey only 22% of startups and MSMEs will be able to run their shop for more than 3 months at present. 41% of businesses does not have money to even run organisation for another month. Apart from this, around 49% are startups and MSMEs are planning to reduce the workforce, cut employee salaries and benefits by July. This will further create job crisis in India.

What has changed for Startups since Covid19 started last year

Since the coronavirus started and lockdown announced in Mar 2020, most of Indian companies face the heat. Everyone forced to shut their business operation, production units and services for many months due to lockdown. Somehow IT companies and remote service industry survive due to work from home model. Millions of people lost their jobs and labours in MSME sector and production units forced to go home. The lockdown has reduced the demand and cash flow in the society. This has created fear for many as Indian Startups Shut Down. Because large population in India doesn’t not have money to buy things apart from essentials even today.

Also Read: Threat on Food Delivery Apps in India may lead to thousand job loss

Let me tell you that, Things were started improving since the unlock process started in India from June. Even market started responding from August and September-2020 and generated some demand. Many production units started working and offices started calling limited resource. Even e-commerce and local Shope started getting business in festive season. Everyone thought corona has gone and life will back to normal soon. But second wave of corona hit the Europe and Africa in early November with new variants. It has again crated fear for Indian Startups Shut Down because market and business started slowing after some cases with new variant reported in India. And now the peak of second wave has shattered all the hope of business in India. 

How second wave of corona has created more panic for startups and MSME

The second wave of corona noticed by government agencies and business house in the beginning of February 2021. The cases started rising in urban India and huge numbers reported in in Mumbai and other parts of western region. The situation become worst while entering in March and become worst by April. Lakhs of daily cases in different pats of country created chaos in India. Thousand starts dying by each passing day due to lack of hospital bed, medicine and oxygen. Most of the state government forced to implement strict lockdown and forced people to remain in home. This has raised the question if Indian Startups Shut Down or survive.

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The second wave of Covid19 and fresh lockdown further killed the already struggling stratus and MSME. They were already in trouble due to decrease in demand and cash flow issue. They did not get any relief in fast phase of corona and second wave has worsen the situation. The great loan mela and moratorium has not helped the startups and MSME in first wave. High operating expenses, no income, loans and statutory liabilities has further kill them. The LocalCircle survey shows that 60% Startups Shut Down unless big relief offered by the government. Although there is very little hope left for them from government looking at last year relief package.

What can help startups and MSME to save their business: Indian Startups Shut Down

The government can help the startups in this tough time with little change in their existing policy. Startups want the government to approve the Corporate Social Responsibility (CSR) fund to be spent in startups working in social space. Let me tell you that, lot of startups are working in the health sector, emergency support, community and social engagement services. If center government will help those startups and fund them then they can survive. They need cash and policy support from government to survive. If government will no extend support then Indian Startups Shut Down for sure.

Read More: What is Code Of Wages 2020 and how this will impact Indian labour law

The Startups and MSME in manufacturing sector wants government to help them in generating demand. They also want government to give cash support and cheap loan to reduce the production cost. This will help them to reduce the product cost for customers and this can generate demand. They also want government to pass some tax benefit and help in importing raw material fom countries like China to reduce the product cost. Startups believe that government will help them to sustain in this tough time. Although many differ to their view looking at their past support.

What RBI is doing to save the startups and MSME in India: Indian Startups Shut Down

The Reserve Bank of India (RBI) is also planning to conduct a survey of startups, MSME, Retail, Restaurants, Malls and Hospitality. They will try to identify the business impact on these sectors since Covid19 started in India. Reserve Bank has approved several banks to identify such businesses. They want local banks to meet with them and understand their requirements. They are planning to help them with all possible ways else Indian Startups Shut Down for sure.

Read More: General Budget 2021 Highlights indicate this as capitalist Budget

Let me tell you that it will not be an easy task to extend support to startups and MSMES this time. Each organisation has unique challenge to deal with corona impact. Many are facing cash crisis then some are facing resource or production issue. How RBI will help them in this tough time for survive, need to be seen. Last year moratorium and loan mela completely failed. Hope this will not repeated this time and real help extended to them.

The post Why Half of Indian Startups Shut Down before end of FY 2021-22 appeared first on Thepost24.

But why this is happening and why Resturants owners planning to delivery their food directly? The answer is, the restaurants across the country struggling with low business since corona crisis stared in India. Many scared to order food fearing infection and many doesn’t have money to order food due to drop in regular income. Apart from this, the large consumer for food delivery apps is working professional across the world. Now people are working from home and they have enough time to try different food themselves to save money. This all leading to a lower volume of food delivery business in India.

How Resturants want to attract new customers in this crisis time

Let me tell you that Resturants across indian forced to shut in first phase of lockdown started last year. Although it was open by the government after some times but then business was dropped to just 20-30%. Their business slightly improved around October and November 2020 but again dropped to same 20-30% when second wave of corona hit the India. This dual setback and uncertainty forced Resturants owners to think for a viable and sustainable business model. Now they are expiring possibility to increase the delivery volume and reduce the operating cost.

Also Read: Food Delivery Platform Swiggy will deliver food for street vendors

Now Resturants owners want to attract their regular customer by offering them huge discount or combs like pay for one dish and get another free etc. But they can’t afford these offers on food delivery apps like Swiggy and Zomato. They can offer such deal to direct orders of customers by passing them delivery commission saved from delivery apps. This is win win situation for Resturants and their customers. But this is a big Threat on Food Delivery Apps in India. 

What kind of commission food delivery apps charged in India

Food delivery Apps like Swiggy and Zomato charge upto 30% of order value from the Resturants. This is huge commission but earlier Resturant use to afford due to high volume of business. But low delivery order volume and takeaway making it difficult for Resturants to pay such high commission to delivery apps. Apart from this most of Resturants in India are not allowed for customers visit is also reduced profitability. Due to this rule the service staff of Resturants don’t have any job to do at present. Now Resturants owner want to use them for the delivery.

Also Read: Luxury Food Delivery is a new venture by Make My Trip

The Threat on Food Delivery Apps already sensed by the leading players in this industry. They also trying to reduce the delivery commission on selected outlets which has significant business volume. This move from Swiggy and Zomato is not unified and this reduced commission given to selected outlets at present. Let me telly that these platforms have very high operating cost and their commission also add government tax which they charge from Resturants. The fix salary and commission to delivery agent reduce profitability of deliveries apps.

What industry experts recommending to delivery apps like Swiggy and Zomato:Threat on Food Delivery Apps

This is a very tough time for both restaurants and food delivery apps in India. Industry experts want both of them to survive and believe it will be good for delivery apps and restaurants business in long run. Eating each other business without considering long term vision is not advisable. If Resturants will start doing business in isolation then they will not be able to expand business and its delivery to a larger audience. 

Also Read: Now Swiggy liquor delivery started in Ranchi Jharkhand

Similarly if companies like Swiggy and Zomato will not understand the pain of Resturant owner and keep the same commission structure then they may not be able to surviver. Experts suggest them to workout differential products like slab wise commission based on business volume. Different commission slab for high and low order size. Also make differential pricing for order distance and time consumed for the delivery.

Experts want food delivery companies data scientists to dig data and design convenient products for their Resturant network. They also suggest them to make more transparent product which exposure cost to the Resturants owners to understand the commission charge by them. This will minimise Threat on Food Delivery Apps and let them survive with restaurants in this current pandemic situation.

Also Read News from Indian Politics: What is Governors Role in State Affair Jagdeep Dhankhar should learn 

The post Threat on Food Delivery Apps in India may lead to thousand job loss appeared first on Thepost24.

Gautam never look back after commodity market business success and started diversifying his business in other areas. His luck and success accelerated more after Narendra Modi become Chief Minister for Gujarat. On 26 May 1998 Adani got a contract to develop a private port at Mundra, Gujarat on the West Coast of India. It was a landmark project and it has made Adani Group to the largest port operators in the country. 

Gautam Adani venture in Power project to coal mining in India and abroad

Adani Power was the first company to implement and commission 660 MW supercritical technology units in India. Adani Power Ltd was incorporated on August 22 1996. It has received a certificate of commencement of business on September 4 1996. The company is currently operating an aggregate of 10480 megawatts (MW) generation capacity comprising of 4620 MW at Mundra Gujarat, 3300 MW at Tiroda Maharashtra, 1320 MW at Kawai Rajasthan, 1200 MW at Udupi Karnataka and 40 MW (solar) at Kutch Gujarat.

Also Read: 21 Most Powerful Indian Women story for you

Adani group also venture in cola mining business and become biggest Mine Developer and Operator (MDO) in India. They have their mining project is Chhattisgarh, Madhya Pradesh and Orissa in India. Gautam Adani also won the ₹10,000 crore Carmichael Coal Mine Project in Australia. This project was under the law suit and political protest but still Adani manage to get the contract. Australia’s Queensland government approved Adani’s plans to manage groundwater and protect an endangered bird species.

India’s second richest businessman growth and net worth: Who is Gautam Adani

India’s second richest businessman Gautam Adani net worth rapidly grown in last few year. If he will continue to grow with the same speed then he will become number one business owner very soon. Currently Indian largest business group Reliance Industries has a net worth $ 32.4 billion (Rs 2.3 lakh crore). According to Bloomberg’s Billionaire Index, Adani’s assets grew by $ 21.2 billion (Rs 1.5 lakh crore) this year. This has made the Adani Group to the second largest business house in India.

Also Read: What is Code Of Wages 2020 and how this will impact Indian labour laws

The price of the shares for most of the Adani Group companies is skyrocketing today. Each line of business including mining, gas and ports has seen phenomenal growth last year. The companies share value increased multifold in last year alone. After the $ 6 billion solar power deal Adani Green Energy shares have been valued more than 6 times this year. This deal has pushed the company vision to become the world’s largest green energy company by 2025.

Narendra Modi politics and Gautam Adani business grown at same speed in India

Adani’s business grown with Modi’s growth in India. When Narendra Modi become chief minister of Gujarat, Adani group started climbing the growth staircase. The way Narendra Modi grown as Chief Minister for Gujarat Adani grow expand their business empire in Gujarat. Adani group got a biggest private port development project in Mundra Gujarat under Modi government. 

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After Narendra Modi become Prime Minister of India, Adani growth increased by skyrocket speed.  Gautam started diversifying his business in all areas where government of India has interest. Or you can say Adani Group Business interest become government focus area under Narendra Modi leadership. He entered in Airport Management and become larger Airport infrastructure management company in India. Similarly he also secured power and liquid gas distribution contracts in key places of India. 

Adani Group under criticism from farmers and opposition parties

The phenomenal growth of Adani Group also surround by the controversies. Opposition parties allege that Narendra Modi favouring Adani Group and working for his growth. The Modi government also draft policies which suits and assure growth of Adani Group in India and overseas. Many recent contracts and acquisition by Adani group for government project are under suspicion of opposition parties.

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The farm laws protest by farmers in northers state on openly criticised the Modi Government. Farmers allege that Modi Government has made the farm law to benefit Adani Group and Reliance Industries. They said that both the group has interest in contract farming and Modi government want them to enter in this business with these laws. Farmers also allege that Modi Government helping Adani Group to grab the farmers land under this new law.

Modi Government and Adani Group carries the same vision for industrial growth: Who is Gautam Adani

Adani group carries the same vision of Narendra Modi for Nation Building. The Adani Group has been continuously focusing on the new industries that the government insists on developing and where competition is low. Gautam Adani now attributes nation building to an important part of his business strategy. He claim to carry the Modi Government vision of Aatmanirbhar Bharat and Local for Vocal.

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While carrying the same vision Adani Group entered in data storage and financial services business. When Modi announced to start local manufacturing of defence equipment, Adani formed a company to partner military supplies with defence contractors. Three years later the Modi Government Insist on Gas Distribution Business. Adani group entered in this and become largest private sector gas retailer in the country. When Modi Government focus on Airport Privatisation, Gautam entered in this business in 2019. Now they have almost all key airports in India to manage it for many decades.

Adani is a strong man focus on consistent business growth: Who is Gautam Adani 

Gautam Adani has been getting stronger from every difficulty, whether it is a business hurdle or a personal problem. He was kidnapped for ransom 20 years ago. He was held hostage in the 2008 terrorist attack on the Taj Mahal Hotel in Mumbai. His business ability and ability to overcome obstacles has made Adani the second richest person in the country. 

Also Read: Foreign oil companies are eying retail business in India

The economy of the country had slowed down due to Corona, but the business of Adani Group continues to expand. The group has tied up with several global companies, invested and entered new sectors. Covid-19 pandemic was unable to slowdown the pace of Adani Group growth in Indian and broad. The stock suffering from FOMO (Fear of Missing Out) syndrome for Adani Group. They want to take the opportunity to grow with Adani Group.

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The post Who is Gautam Adani and how he build India’s second biggest company appeared first on Thepost24.

The women empowerment in India is gradually growing and they are getting more freedom to express themselves. Now they are achieving high goals in almost all areas where men can register success. They are equally growing and leading the world. The Indian women success story is special for the world. Now we bring you the top 21 most powerful indian worn story for you to know what they have done to the work.

Meet the Most Powerful Indian Women in India

Divya Gokulnath: 21 Most Powerful Indian Women

Divya Gokulnath is a co-founder of Indian biggest learning APP BYJU’S. She is just 34 years old and ranked 46th richest person in the Forbes India Rich people list for 2020. She is the owner of approx 22.3 thousand crores with assets and company share. He has achieved this position in just six years of launching BYJU’S app in India.

Also Read: Mithun Chakraborty Joined BJP and become CM face

Divya was born in Bengaluru Karnataka and she received her primary educational from Frank Anthony Public School New Delhi. She pursued her under graduation from Nation Degree Collage at Jaynagar in Bengaluru. She did her B Tech in Biotechnology from RV Collage of Engineering from Bangalore. Divya and her husband build the Indian largest online education app and build a billion dollar company.

Arya Rajendran:

Became the mayor of Kerala state capital Thiruvananthapuram in December 2020. She is the youngest mayor in the country. After becoming Mayor, her first priority was to make her city safe for women. Arya Rajendran was born 12 January 1999 and her father is an electrician and Mother is a LIC agent. Arya is also a member of the Kerala State Committee which helps the local administration to run community kitchens, emergency medicine, awareness programs etc. In the civic elections she defeated the Congress candidate by 549 votes.

Also Read: Why Mamta Banerjee Remain as CM for West Bengal

Arya broke the record of Sabitha Beegum who became Kollam Mayor at 23 and Devendra Fadnavis, the opposition leader in Maharashtra Legislative Assembly by being the youngest mayor in India. Fadnavis became the mayor of Nagpur Municipal Corporation at the age of 27 Years.

Kishori Pednekar: 21 Most Powerful Indian Women

The Mumbai mayor Kishori Pednekar become nurse to treat corona patients in April 2020. Current Mumbai mayor and former nurse did not gave a second thought server the patients as nurse when coronavirus started rising in Mumbai City. She served in Nair Hospital in Mumbai to corona patients. The 57-year-old became an inspiration for young doctors and nurses during the beginning of corona virus. 

Before entering in to politics Kishori Pednekar was a nurse at the Jawaharlal Nehru Port Trust for more than a decade. She joined Shiv Sena in 1992 to pursue he political carrier. The 77th Mumbai Kishori known for her hard work and she use to work from morning 8 AM till 2 PM everyday. She says her priority is to keep the city clean and safe for everyone.

Arundhati Katju:

Arundhati Katju played an important role in ending section 377 for homosexuality as a crime in India. She pleaded this case in court fo Navtej Singh Johar v. Union of India challenging the 158-year-old law. This was the landmark judgement and helped millions of homosexual in India who was victim of older law. Arundhati named in Time magazine as 100 most influential women in the world in 2019.

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Arundhati Katju was born August 19, 1982 and she is a lawyer qualified to practice in India and New York. She has litigated many notable cases at the Supreme Court of India and the Delhi High Court. Katju obtained a B.A. LL.B Hons. degree from the National Law School of India University, Bangalore in 2005. Arundhati is the niece of former Supreme Court judge Markandey Katju.

Ritu Karidhal: 21 Most Powerful Indian Women

Dr. Ritu Karidhal Srivastava is an Indian scientist working with the Indian Space Research Organisation (ISRO). She was a Deputy Operations Director to India’s Mars orbital mission, Mangalyaan. She has been referred to as a “Rocket Woman” of India. She was born and brought up in Lucknow and is an aerospace engineer.

Karidhal is working for ISRO since 1997. She played a key role in the development of India’s Mars Orbiter Mission, Mangalyaan. She was also the Deputy Operations Director of this mission. Mangalyan was one of the greatest achievement of ISRO. It made India the fourth country in the world to reach Mars. It was done in 18 months time and at far lesser cost to the taxpayers- ₹450 crores only.

Radha Vembu:

Radha Vembu is one of the richest self-made women. She was ranked number 60 on Hurun’s 2020 list of wealthy self-made women. Radha own majority stake holding in multi million software company Zoho. The Zoho Corporation was co-founded by her brother Sridhar Vembu in 1996 as AdventNet.She heads most of the product and services for they company. She actively keeps herself away from the limelight.

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Radha Vembu is a daughter of stenographer Sambamurthy Vembu in the Madras High Court, is also known as an ‘invisible’ self-made bilinear, as she stays away from the media. Radha joined Joho Corporation with her elder brother Sridhar Vembu in 2007 after graduating from IIT Madras in 1997. Radha Vembu is overseeing more than 45 products and projects of Joho. Joho has more than 60 million users.

Bhavya Lal: 21 Most Powerful Indian Women

Bhavya Lal is the acting Chief of Staff at NASA in United States. She is responsible for the strategy of NASA and its working, the world’s largest space agency. These days she is working 10 to 14 hours a day. He is having a long meeting on the phone every day.

Bhavya born and brought in India and did her basic schooling from India. She went to Massachusetts Institute of Technology in the US after 12th to graduate in nuclear engineering. After this she did a double masters in technology and policy stream from US. This was followed by a PhD in Public Policy and Public Administration from The George Washington University.

Mansi Joshi:

Mansi Para is the World Champion of Badminton and ranked number two in 2020. Time magazine has placed  her name as the list of Next Generation Leader. Mansi started playing badminton from the age of six. In 2011, Mansi had to be amputated after a truck accident to save her life. She stayed in hospital for more than 50 days. She returned with the prosthetic leg in badminton court after four month of accident. Mansi became a professional badminton player in 2014.

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Manasi Girishchandra Joshi was born on 11 June 1989 and she is an Indian para-badminton player. Manasi was born in Rajkot, Gujarat and she was raised in Anushaktinagar, Mumbai. She graduated in Electronics Engineering from K. J. Somaiya College of Engineering, University of Mumbai, in 2010. Sports lover, Manasi played sports such as football and badminton through her school and college life.

Aparna Kumar: 21 Most Powerful Indian Women

Aparna Kumar was responsible to rescue people in Chamoli during Uttarakhand disaster. She is the first civil servant to climb the highest peaks of all the seven continents. Aparna was posted as Commandant in the Ninth Battalion PSE, Moradabad to lead the special police force. She played a key role during the Uttarakhand disaster to save life of people.

Aparna Kumar is a 2002 batch IPS officer of Uttar Pradesh cadre. She was attracted to mountaineering a few years earlier when she was posted at Moradabad, and commanding The 9th Battalion PAC (which guarded the Chinese border before ITBP came into being). She was awarded Tenzing Norgay National Adventure Award in 2018 for land adventure by the President of India

Ngangom Bala Devi:

Ngangom Bala Devi became the first Indian woman to score a goal in the Professional League of Europe in December 2020. She scored 36 goals for India in 38 matches. She is the first Indian to be selected as the International Player of the Week by the Asian Football Confederation. 

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Born in Manipur, Bala Devi grew up playing the game with mainly boys. She was a part of the Manipur U19 team that took part in the Under-19 Women’s Champion. She was very influential in her state, winning the women’s football championship in 2014, scoring a brace as Manipur defeated Odisha in the final 3–1.

Aishwarya Pissay: 21 Most Powerful Indian Women

Aishwarya completed the 8,000 km journey from Gujarat to Cherrapunji in 24 days by bike. The Federation of Motor Sports Club of India honoured 25-year-old Aishwarya with the ‘Outstanding Women in Motorsports. Aishwarya award’ in 2016, 2017 and 2019 for motorsports. She started riding bikes at the age of nine. Aishwarya became the first Indian woman to win the Motorsport World Cup in 2019 in just four years thereafter.

Aishwarya Pissay was born 14 August 1995 in Bangalore, Karnataka. She is an Indian circuit and off-road motorcycle racer. Aishwarya become the first-ever Indian athlete to win a world title in motorsport on motorcycles. The TVS talent participated at the FIM Bajas World Cup and secured the 1st place in the women’s category and 2nd in the junior’s category.

Anshu Jamsenpa: 21 Most Powerful Indian Women

Anshu Jamsenpa is an Indian mountaineer and the first woman in the world to scale the summit of Mount Everest twice in a season. She become the fastest double submitter to do so within 5 days. She is from Bomdila, headquarters of West Kameng district, Arunachal Pradesh. Anshu was awarded India’s fourth highest civilian award the Padma Shri in 2021.

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She also received the Tenzing Nargue National Adventure Award in 2018. Won Everest five times between 2011 and 2017. In 2017. Her father is a police officer on the Indo Tibetan border and mother is a nurse. Anshu is 41 year old and she is a mother of two children. Anshu has also been the brand ambassador of ‘Swachh Bharat Abhiyan’.

Soma Mandal:

35 years Soma Mandal is the first chairman of SAIL in India. Under his leadership, SAIL launched successful products such as NEX (Structural) and SeQR (TMT Bar). On 1 January she took over as the chairman of the Steel Authority of India (SAIL). She is the first woman to reach this position.

A graduate in Electrical Engineering from the National Institute of Technology, Rourkela in 1984, Mondal started her career as a Graduate Engineer Trainee at NALCO and rose to become Director (Commercial) at NALCO. She then joined SAIL in 2017 as the Director (Commercial) and subsequently has become the Chairman of SAIL.

Abhijita Gupta: 21 Most Powerful Indian Women

The 7-year-old Abhijita Gupta has been recognized as the world’s youngest author by the International Book of Records. The Asia Book of Records has conferred on her title of the ‘Grandmaster in Writing. ‘ According to the India Book of Records, she is the youngest author to write poetry and prose.

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Abhijita is from Ghaziabad uttar pradesh and she is in 2nd standard. Wrote the book using the time when the schools were closed. She is now writing a book on the impact of the Corona epidemic on children.

Ayesha Aziz: 

25-year-old Ayesha from Baramulla in Kashmir is the youngest commercial pilot in the country. At the age of 16, she took training to fly Jet MiG-29 aircraft in Russia. Licensed to become a commercial pilot in 2017. Now he is ready to fly Jet MiG-29 aircraft.

She later graduated in aviation from the Bombay Flying Club (BFC) and obtained a commercial license in 2017. While speaking to media, Aziz said that she believed that Kashmiri women had progressed immensely in the last few years and have done exceptionally well in the field of education.

Bhavna Kant: 21 Most Powerful Indian Women

Bhawana Kanth is one of the first female fighter pilots of India. She was declared as the first combat pilot along with two of her cohort, Mohana Singh, and Avani Chaturvedi. The trio was inducted into the Indian Air Force fighter squadron in June 2016.

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Kanth was born on 1 December 1992 in Darbhanga, Bihar. Her father Tej Narayan Kanth is an electrical engineer in Indian Oil Corporation and mother Radha Kanth is a home maker. While growing up, Kanth was fond of sports like Kho Kho, Badminton, swimming and painting. Kanth completed her schooling from DAV Public School in Barauni refinery. She joined Bachelor of Engineering in Medical Electronics from BMS College of Engineering Bengaluru.

Alina Alam:

Alina Alam is the founder and CEO of Mitti Cafe. She was selected for the 2020 Commonwealth Youth Awards. Her cafe train mentally and physically handicapped people and bring them in main stream. Companies like Wipro, Infosys, Accenture and large colleges having more than 14 Mitti Cafe in their campuses.

Since the pandemic her cafe employees with disabilities have cooked and served over 1.3 Million meals to daily wagers and the homeless. This has enabled them to serve the country while creating awareness about the abilities of their team of warriors with disabilities

Zubaida Bai: 21 Most Powerful Indian Women

Zubaida Bai is a founder of Ice Company which makes low cost birth kits. This kit is distributed free of cost to under privilege people in the country. The berth kit consists of six items – an apron, bed sheet, hand sanitiser, antiseptic soap, cord clip and a surgical blade. She has raised funds for its project by selling her jewellery and assets.

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Zubaida Bai was raised in Chennai, India. She was the first person in her family to pursue post-secondary education. Her female relatives typically married in adolescence. Ms. Bai holds a master’s degree in Mechanical Engineering Specialising in Development of Modular Products, and an MBA in Social and Sustainable Enterprises.

Beno Zephine:

25-year-old Beno Zephine from Tamil Nadu is the first fully blind IFS officer in the country. Beno’s mother, Mary Padmaja use to read books for her to learn and remember the information in the books. Every challenge, with the help of mother’s words and father, passed every test.

Beno was born on 17 April 1990 in Chennai, India in the home of Luke Anthon Charles, an employee of Indian Railways. Her mother Mary Padmaja was a home maker. She did her schooling in Little Flower Convent Higher Secondary school for the blind in Chennai. Beno obtained under graduation in English literature from Stella Maris College, Chennai and her post graduation in Loyola College, Chennai.

Zia Mody: 21 Most Powerful Indian Women

Zia Mody is an Indian corporate lawyer and businesswoman. She is considered an authority on corporate merger and acquisition law, securities law, private equity and project finance. Zia is the daughter of former Attorney General of India Soli Sorabjee.

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Mody’s initial education was at Elphinstone College, Mumbai. She studied law at Selwyn College, Cambridge, followed by a master’s degree from Harvard Law School in 1979. She passed the New York State Bar examination, and qualified as an attorney in the State of New York. She worked for five years with Baker & McKenzie in New York City before returning to India.

Ameera Shah: 21 Most Powerful Indian Women

His company Metropolis Healthcare became the first private firm in India to test Covid-19. The chain has 125 labs in large cities across the country. It has 4 thousand working with her company. Amira Shah is on Forbes’ list of Asia’s 25 Power Businesswomen in 2020.

She studied commerce at junior college in H.R. College of Commerce and Economics. She obtained a degree in finance from the University of Texas at Austin. She used to work with Goldman Sachs in New York. Later, she completed the Owner-President Management Program at Harvard Business School. Shah is an industry spokesperson and has been featured as a speaker in various National and International forums, industry events and conclaves.

The post 21 Most Powerful Indian Women story on this International Women’s Day appeared first on Thepost24.

This year Union Budget considered as very special due to corona epidemic and its impact on citizens. The people expecting great relief from the government. They want government to offer real benefit to bring the common man life back on track. Let me tell you the some important points how budget affects the lives of ordinary people. How budget impact of jobs, business, industries and economy?

How Union budget affect the economy of our country?

A budget is a blueprint for government spending and revenue collection in a year. Its main objective is to reduce economic inequality by controlling prices through balanced development. The government target and make policies to benefit more people by making proper allocation of resources to all classes of citizens. Government identifies revenue sources for development and welfare activities via union budget. It provides direction and strategically help industries for countries development. You must know that when industries grow then they create more jobs and pay mote taxes for government to work of peoples welfare scheme.

Also Read: What is Code Of Wages 2020 and how this will impact Indian labour law

Why budget needed for government and common man in India?

Budget is an exercise of government to keep the economy on track for the country. The government plan the expenditure and allocate funds for the completion of various public welfare schemes. Government also rollout the countries development vision via Union Budget. Budget also needed for government to plan the revenue collection and taxes for welfare projects. It is true that everything need to work together for the countries economic growth and prosperity. Without proper budget planning no government in the world can achieve their target and offer welfare scheme for their citizens.

How Union Budget 2020-2021 lookalike for the growth of India?

Finance Minister Nirmala Sitharaman presented the Economic Survey of 2021-22 in Parliament on Friday. The countries GDP expected to decline by 7.7% this year due to Corona. However, a faster recovery expected after this negative GDP growth in this year. India can see the 11% positive growth in GDP in 2021-22 comparing last year. But country need two to three year for the economy to reach the level before the epidemic. It is also known that the global economy experiencing negative growth due to corona pandemic for most of the countries sin the world.

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Let me tell you that Indian GDP projected 23.9% negative during April to June 2020 quarter due to coronavirus lockdown. The situation improved after unlocking and September quarter economy reported at 7.5% negative. Similarly, the size of GDP has reduced by 15.7% in the first half of 2020-21. But the economy survey presented by Finance Minister estimated the decline of GDP by just 0.1% in the second half. Hope the countries GDP growth will be better than government expected growth this year.

Government will focus of its education policy in Union Budget 2021-22

The Education Ministry proposed Finance Ministry for special attention on educational policies in 2021-22. He insisted and requested government need to create more online platforms for schools and colleges. Education Minister want government intervention for free online education for the larger population of India. Education Ministry wants government to facilities and distribute free mobile, tablet, laptop, internet for larger reach of online eduction to the students. It is also expected that 20% of the total government expenditure spent by 2030 for the new education policy.

Also Read: New Education Policy approved by union cabinet 

The government can also rollout policies for higher education in India and students go for study on abroad. Many students also suggested the government to ease down the education load in this budget. They requested government and education minister on social media in this regard. They said that students face lots of difficulties in getting education loan. The finance minister should simplify the education loan rules for the benefit for Indian students. There is also a need to reduce interest rates on education loans. 

Government will increase spending on healthcare in this Union Budget

The corona epidemic and fear has taught a lot to the governments across the world. They learned how the strong and developed countries struggled during the coronavirus peak. Many countries still struggling and and finding solution to fight this corona battle. The world learn that healthcare and medical infrastructure in the key for countries growth and citizens life after this epidemic.

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Considering this fact, it is expected that government will increase its spending on healthcare this and following years. Our annual healthcare spend of 2.5 to 3% from GDP may increase significantly starting this year. The government spending expected to increase in Internet connectivity and health infrastructure. Improvisation of existing healthcare infrastructure and building up new hospitals and PHC may be added in this years budget. The government also expected to formulate the telemedicine policy and promote this medical procedure in India.

Agricultural sector will continue to reports positive growth and get attention

Agriculture sector is the biggest support for the government and Indian economy this year. It is the only sector expected to grow with 3.4% in current FY 2020-21. The agriculture sector contribution is significant in Indian economy. Its contributed around 17.8% last year and expected to contribute at 19.9% this year. Indian agriculture sector has potential to grow continuously due to geographical structure as per experts. It has most variety of farming and income sources for 60% of Indian population. 

Also Read: What is Farm Bill 2020 and why government want to element aadhat system

Let me tell you that agriculture sectors was the only sector which has helped India during the coronavirus pandemic. It was farmers who has struggled but feeded the nation with their produce during epidemic. They continue to provide the uninterrupted supply of food produce to the common man of India. This sector has reported the positive growth and saved Indian economy at the larger extend. This is definitely a key focus area for government in this budget.

Housing sector expected big relief in this Union Budget 2021-22

The government expected to increase the benefit for common man by deducting the interest and principal for the housing loan. The home loan is a large sector which block public spending on other sector. People keep the money for their home loan EMIs and don’t spend money on other sectors. Since the corona pandemic and uncertainty in job home loan segment is blocking most of the public spend. People are not spending due to fear and uncertainty.

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The government expected to reduce the interest on home loan and principal subsidy and empower people with more cash. They expected that people will spend the surplus money in other sector after saving from home loan. This sector expected to get special attention fro the government of India.

Struggling MSME sector can get relief package and additional cash for spend this year

The countries MSME sector is struggling with cash from a very long time. Now corona pandemic has created more problem for this sector. As per experts more than 5 lakh crore of cash stuck for this sector in the market. This has stopped the cash flow for MSME sector. The union budget 2021-22 expected to offer some relief for their sector and new policy framework to save the sector.

Let me tell you that MSME sector contribution in GDP is approx 30% and 40% in export economy. This sector is the largest employment generator in the country. Approx 14 Crore people work in this sectors and contribute in countries growth. This sector has completely broke down in recent years and destroyed in corona epidemic. Government will definitely help this sector to generate employment and reduce cash flow for problem from the economy

Similarly there are other sectors will also expected some relief from the government in this Union Budget 2021-22. It will be a special budget after the corona pandemic and people of India is eagerly waiting for something from the government. Hope government will not disappoint the citizens of India.

The post What is Union Budget and how it lookalike for Indians in 2021-22 appeared first on Thepost24.