Indian Economy: News and Discussion

[Haldilal]

Ya'll Nibbiara even the Goggle Maps support the NavIC but your most of your mobiles phonew are unable to unless it's 2020 launched models with never Snapdragon's MediaTek and other's. And expect the Samsung and Apples.

 

[Haldilal]

Ya'll Nibbiars the next generation of the NVS GAGAN GINS would have accuracy of about less than the 1 meters for the non encrypted. And about less than 10 cm for the encrypted. but will take time to complete the global Constellation as minimum 18 are required in the GEO. And also only currently 5 are funded. More than 10,000 crore are need for the Constellation 18 in sue and 7 spare's.

 

[Haldilal]

Ya'll Nibbiars but sadly there is no large map maker in India. The map making is controlled by few firms like the TomTom, Zenrin, AutoNavi, TeleAtlas, Here and Yandex.

 

[Haldilal]

Ya'll Navigation applications is not that much easy you think. You need.

1 . Satellite image provider.

2 . Map maker.

3 . Directory Data Provider.

4 . Navigation System Provider.

5 . Map site.

 

[Haldilal]

Why ‘98% of oximeters in Indian market are Made-in-China’ but buyers don’t care

Why ‘98% of oximeters in Indian market are Made-in-China’ but buyers don’t care

India has been reporting over 3 lakh Covid cases daily over past few days, leading to massive demand for items like pulse oximeters.

theprint.in

New Delhi: Pulse oximeters, the bite-sized devices that help monitor your oxygen levels, have emerged as key tools in the Covid pandemic by guiding patients on when they need medical attention (a reading of 94-98 is usually considered normal).


In India, Chinese imports dominate the pulse oximeter market, with an estimated 98 per cent coming in from across the border. While the Ladakh stand-off between India and China stoked a sentiment of protest against Chinese goods last year, chemists say they have experienced no such concern with oximeters.

The surge in Covid cases has seen oximeters fly off the shelves, resulting in shortages in several cities, and people are glad to purchase whichever brand comes their way, chemists add.


The price for oximeters in India ranges between Rs 2,000 and 3,000, with the Chinese brands a tad cheaper than the ones manufactured in India. ‘Made in China’ oximeter brands that are available in stores — online and offline — include Unaan, HealthSense, Smart Saver, iSpares, Yobekan, Dr Vaku, ChoiceMMed, HealnHealthy, LANDWIND, T Topline and Lionix, according to industry representatives.


Other brands available in the country include BPL, a prominent Indian name, besides the German Breur and the US’ Dr Trust.






Although a major player in the pharma sector, India is heavily dependent on imports as far as medical devices are concerned.


Individual import figures for oximeters weren’t available on the Union Ministry of Commerce website but government data shows Chinese goods dominate India’s medical equipment purchases from abroad.

In the first 10 months of 2020-21, until January, India imported medical equipment worth $269 million from China. This translates to nearly a quarter of India’s total medical equipment imports for the period.

Industry insiders in the pulse oximeter market cite unavailability of raw materials as the prime issue why their manufacturing has not taken off in India just yet. Importing them is just cheaper, they say.


ThePrint reached the spokesperson of the department of pharmaceuticals by email and WhatsApp for a comment on this report, but there was no response by the time of publishing.

Ya'll Nibbiars more start ups have already started it will be for the oximeter's. And the PLI will make it happen's.

 

[sorcerer]

Rs. 1,41,384 crore gross GST revenue collected



The gross GST revenue collected in the month of April’ 2021 is at a record high of Rs. 1,41,384 crore of which CGST is Rs. 27,837 crore, SGST is Rs. 35,621, IGST is Rs 68,481 crore (including Rs. 29,599 crore collected on import of goods) and Cess is Rs. 9,445 crore (including Rs. 981 crore collected on import of goods). Despite the second wave of COVID-19 pandemic affecting several parts of the country, Indian businesses have once again shown remarkable resilience by not only complying with the return filing requirements but also paying their GST dues in a timely manner during the month.


The GST revenues during April 2021 are the highest since the introduction of GST even surpassing collections in the last month (March’2021). In line with the trend of recovery in the GST revenues over past six months, the revenues for the month of April 2021 are 14% higher than the GST revenues in the last month of March’2021. During the month, the revenues from domestic transaction (including import of services) are 21% higher than the revenues from these sources during the last month.


GST revenues have not only crossed the Rs. 1 lakh crore mark during successively for the last seven months but have also shown a steady increase. These are clear indicators of sustained economic recovery during this period. Closer monitoring against fake-billing, deep data analytics using data from multiple sources including GST, Income-tax and Customs IT systems and effective tax administration have also contributed to the steady increase in tax revenue. Quarterly return and monthly payment scheme has been successfully implemented bringing relief to the small taxpayers as they now file only one return every three months. Providing IT support to taxpayers in the form of pre-filled GSTR 2A and 3B returns and ramped up System capacity have also eased the return filing process.


During this month the government has settled Rs. 29,185 crore to CGST and Rs. 22,756 crore to SGST from IGST as regular settlement. The total revenue of Centre and the States after regular and ad-hoc settlements in the month of April’ 2021 is Rs. 57,022 crore for CGST and Rs. 58,377 crore for the SGST.


The chart below shows trends in monthly gross GST revenues during the October’20 to Mar’20 and April’2021.

***

 

[sorcerer]

Google Pay to temporarily suspend free trials and introductory pricing for Indian users: Report

Google has announced temporary suspension of auto-payment service on subscription renewal for users in India. The move comes on the back of latest rule on recurring payments issued by the Reserve Bank of India.

The company is also looking to temporarily suspend free trials and introductory pricing for users in India, until the ecosystem is addressed it said in a letter to developers, XDA developers reported.


These features are temporarily suspended due to the methods used by Google Pay while conducting auto-renewals. Currently, it is not possible to sign up for a free trial or use introductory pricing without agreeing to auto-renewals.

Changes concerning this feature will kick in early May but will not effect existing auto-renewal subscriptions or other markets, the report said.

Google Play to temporarily suspend free trials and introductory pricing for Indian users: Report

Changes concerning this feature will kick in early May but will not effect existing auto-renewal subscriptions or other markets.

www.moneycontrol.com

 

[FalconSlayers]

India will spend ₹15 lakh crore to build roads in next 2 years: Nitin Gadkari

Road infrastructure in India has been progressing at a rapid rate with a record 37 kms of roads being built every day..Gadkari is confident that his ministry will achieve the target of 40-km roads per day this fiscal.

auto.hindustantimes.com

 

[FalconSlayers]

India will spend ₹15 lakh crore to build roads in next 2 years: Nitin Gadkari

Road infrastructure in India has been progressing at a rapid rate with a record 37 kms of roads being built every day..Gadkari is confident that his ministry will achieve the target of 40-km roads per day this fiscal.

auto.hindustantimes.com

 

[FalconSlayers]

So jihadi can use them to break havoc on majority , ohh yeah , kill this thread for God sake

What happened?

 

[Lonewolf]

What happened?

Check political thread , we are preparing for a next round of Kashmir 2.0 in Bengal , don't worry , my copium is over

 

[FalconSlayers]

Check political thread , we are preparing for a next round of Kashmir 2.0 in Bengal , don't worry , my copium is over

I know, we can’t do anything for that. The socialism virus in minds of people in BIMARU states is the reason why they are still poor.

 

[Chandragupt Maurya]

Check political thread , we are preparing for a next round of Kashmir 2.0 in Bengal , don't worry , my copium is over

And Bengal is far more important than Kashmir , our entire act east policy is dependent on Kolkata port and Bay of Bengal the trade between India and south east Asia has to happen through Kolkata Port

 

[Mantospace]

Rs. 1,41,384 crore gross GST revenue collected



The gross GST revenue collected in the month of April’ 2021 is at a record high of Rs. 1,41,384 crore of which CGST is Rs. 27,837 crore, SGST is Rs. 35,621, IGST is Rs 68,481 crore (including Rs. 29,599 crore collected on import of goods) and Cess is Rs. 9,445 crore (including Rs. 981 crore collected on import of goods). Despite the second wave of COVID-19 pandemic affecting several parts of the country, Indian businesses have once again shown remarkable resilience by not only complying with the return filing requirements but also paying their GST dues in a timely manner during the month.


The GST revenues during April 2021 are the highest since the introduction of GST even surpassing collections in the last month (March’2021). In line with the trend of recovery in the GST revenues over past six months, the revenues for the month of April 2021 are 14% higher than the GST revenues in the last month of March’2021. During the month, the revenues from domestic transaction (including import of services) are 21% higher than the revenues from these sources during the last month.


GST revenues have not only crossed the Rs. 1 lakh crore mark during successively for the last seven months but have also shown a steady increase. These are clear indicators of sustained economic recovery during this period. Closer monitoring against fake-billing, deep data analytics using data from multiple sources including GST, Income-tax and Customs IT systems and effective tax administration have also contributed to the steady increase in tax revenue. Quarterly return and monthly payment scheme has been successfully implemented bringing relief to the small taxpayers as they now file only one return every three months. Providing IT support to taxpayers in the form of pre-filled GSTR 2A and 3B returns and ramped up System capacity have also eased the return filing process.


During this month the government has settled Rs. 29,185 crore to CGST and Rs. 22,756 crore to SGST from IGST as regular settlement. The total revenue of Centre and the States after regular and ad-hoc settlements in the month of April’ 2021 is Rs. 57,022 crore for CGST and Rs. 58,377 crore for the SGST.


The chart below shows trends in monthly gross GST revenues during the October’20 to Mar’20 and April’2021.

***

Lockdown in full swing. No idea when covid will down. Then how dis is achieved ? Willdis remain same for upcoming month also ?

 

[sorcerer]

Lockdown in full swing. No idea when covid will down. Then how dis is achieved ? Willdis remain same for upcoming month also ?

The gross GST revenue collected in the month of April’ 2021 is at a record high of Rs. 1,41,384 crore of which CGST is Rs. 27,837 crore, SGST is Rs. 35,621, IGST is Rs 68,481 crore (including Rs. 29,599 crore collected on import of goods) and Cess is Rs. 9,445 crore (including Rs. 981 crore collected on import of goods). Despite the second wave of COVID-19 pandemic affecting several parts of the country, Indian businesses have once again shown remarkable resilience by not only complying with the return filing requirements but also paying their GST dues in a timely manner during the month.

During the month, the revenues from domestic transaction (including import of services) are 21% higher than the revenues from these sources during the last month.

Closer monitoring against fake-billing, deep data analytics using data from multiple sources including GST, Income-tax and Customs IT systems and effective tax administration have also contributed to the steady increase in tax revenue.

Providing IT support to taxpayers in the form of pre-filled GSTR 2A and 3B returns and ramped up System capacity have also eased the return filing process.

--------------

 

[SKC]

Lockdown in full swing. No idea when covid will down. Then how dis is achieved ? Willdis remain same for upcoming month also ?

No lockdown is not on full swing. Industries still working fine but the workforce is reduced so collections should dip down for April month and May month.
The reason for this increase in collection is the old stuck orders getting cleared now! All the orders which companies got in 2020 but were stuck due to various reasons were being delivered now.
Also companies ramped up production to get material and products in stock in case lockdown happed in future again.

 

[sorcerer]

India’s merchandise exports in April 2021 was USD 30.21 billion, an increase of 197.03% over USD 10.17 billion in April 2020 and an increase of 16.03% over USD 26.04 billion in April 2019.





India’s merchandise exports in April 2021 was USD 30.21 billion, an increase of 197.03% over USD 10.17 billion in April 2020 and an increase of 16.03% over USD 26.04 billion in April 2019.


India’s merchandise imports in April 2021 was USD 45.45 billion, with an increase of 165.99% over USD 17.09 billion in April 2020 and an increase of 7.22% over USD 42.39 billion in April 2019.


India is thus a net importer in April 2021 with a trade deficit of USD 15.24 billion, which increased by 120.34% over trade deficit of USD 6.92 billion in April 2020 and declined by 6.81% over trade deficit of USD 16.35 billion in April 2019.


In April 2021, the value of non-petroleum exports was USD 26.85 billion, registering a positive growth of 200.62% over USD 8.93 billion in April 2020 and a positive growth of 19.44% over USD 22.48 billion in April 2019. The value of non-petroleum and non-gems and jewellery exports in April 2021 was USD 23.51 billion, registering a positive growth of 164.28% over USD 8.90 billion in April 2020 and a positive growth of 19.89% over USD 19.61 billion in April 2019.


In April 2021, Oil imports was USD 10.8 billion, a positive growth of 132.26% compared to USD 4.65 billion in April 2020 and a negative growth of 6.62 compared to USD 11.56 billion in April 2019.


Non-oil imports in April 2021 was estimated at USD 34.65 billion, showing an increase of 178.6% compared to USD 12.44 billion in April 2020 and an increase of 12.42% compared to USD 30.82 billion in April 2019.


Non-oil, non-GJ (gold, silver &Precious metals) imports was USD 26.05 billion in April 2021, recording a positive growth of 111.3%, as compared to non-oil and non-GJ imports of USD 12.33 billion in April 2020 and a positive growth of 6.48% over USD 24.46 billion in April 2019.


All Major commodities have recorded positive growth in export during April 2021 vis-à-vis April 2020 namely, Gems and Jewellery (9158.63%), Jute mfg. Including floor covering (1556.39%), Carpet (1351.48%), Handicrafts excl. Hand-made carpet (1207.98%), Leather and leather manufactures (1168.96%), RMG of All Textiles (920.52%), Cotton yarn/fabrics/made-ups, handloom products etc. (616.6%), Man-made yarn/fabrics/made-ups etc. (583.53%), Ceramic products and glassware (441.57%), Other cereals (441.46%), Electronic Goods (362.86%), Oil meals (275.91%), Cashew (252.46%), Mica, coal and other ores, minerals including process (234.63%), Engineering goods (234.63%), Tobacco (183.86%), Iron ore (175.15%), Petroleum products (171.11%), Cereal preparations and miscellaneous processed item (170.86%), Oil Seeds (166.24%), Meat, dairy and poultry products (148.6%), Tea (143.04%), Marine products (107.59%), Spices (102.32%), Coffee (73.83%), Organic and Inorganic Chemicals (69.39%), Rice (60.29%), Plastic and linoleum (47.49%), Fruits and vegetables (21.82%), and Drugs and pharmaceuticals (20.68%).


Major commodity groups of export showing positive growth in April 2021 over April 2019 are: Iron ore (219.55%), Other cereals (206.43%), Oil meals (86.59%), Jute mfg. Including floor covering (66.19%), Rice (49.45%), Cereal preparations and miscellaneous processed item (40.34%), Electronic Goods (35.81%), Mica, coal and other ores, minerals including process (33.17%), Spices (32.72%), Cotton yarn/fabrics/made-ups, handloom products etc. (25.27%), Ceramic products and glassware (22.57%), Drugs and pharmaceuticals (22.55%), Carpet (22.38%), Engineering goods (18.61%), Cashew (16.57%), Gems and Jewellery (16.38%), Marine products (16.34%), Handicrafts excl. Hand-made carpet (14.33%), Plastic and linoleum (13.31%), Fruits and vegetables (11.66%), Man-made yarn/fabrics/made-ups etc. (8.35%), and Oil Seeds (1.30%).


Major commodity groups of export showing negative growth in April 2021 over April 2019 are: Tea (-23.66%%), Leather and leather manufactures (-13.27%), Tobacco (-9.86%), RMG of All Textiles (-8.01%), Petroleum products (-5.5%), Coffee (-2.56%), Organic and Inorganic Chemicals (-2.21%), and Meat, dairy and poultry products (-1.38%).


Major commodity groups of import showing positive growth in April 2021 over the corresponding month of last year are: Gold (215906.91%), Pearls, precious & Semi-precious stones (119500.48%), Sulphur & Unroasted Iron Pyrites (1525.05%), Electronic goods (213.59%), Non-ferrous metals (193.89%), Transport equipment (170.95%), Professional instrument, Optical goods, etc. (163.13%), Artificial resins, plastic materials, etc. (138.18%), Metaliferrous ores & other minerals (133.77%), Petroleum, Crude & products (132.26%), Machinery, electrical & non-electrical (113.73%), Textile yarn Fabric, made-up articles (111.7%), Wood & Wood products (101.01%), Machine tools (100.93%), Vegetable Oil (97.57%), Project Goods (91.79%), Leather & leather products (91.59%), Dyeing/tanning/colouring materials (88.10%), Chemical material & products (84.57%), Iron & Steel (73.19%), Organic & Inorganic Chemicals (72.73%), Fruits & vegetables (70.0%), Coal, Coke & Briquettes, etc. (65.98%), Medcnl. & Pharmaceutical products (56.92%), Pulp and Waste paper (46.35%), Cotton Raw & Waste (11.68%) and Fertilisers, Crude & manufactured (7.75%).


Major commodity groups of import showing negative growth in April 2021 over the corresponding month of last year are: Silver (-88.55%), Newsprint (-46.07%), and Pulses (-42.46%).


Major commodity groups of import showing positive growth in April 2021 over April 2019 are: Vegetable Oil (75.85%), Gold (54.17%), Chemical material & products (41.68%), Artificial resins, plastic materials, etc. (36.69%), Metaliferrous ores & other minerals (29.60%), Sulphur & Unroasted Iron Pyrites (25.23%), Medcnl. & Pharmaceutical products (22.23%), Fruits & vegetables (18.95%), Electronic goods (17.01%), Pearls, precious & Semi-precious stones (15.39%), Non-ferrous metals (13.51%), Organic & Inorganic Chemicals (12.46%), Professional instrument, Optical goods, etc. (6.78%), Dyeing/tanning/colouring materials (5.54%), and Wood & Wood products (2.63%).


Major commodity groups of import showing negative growth in April 2021 over April 2019 are: Silver (-95.25%), Newsprint (-59.63%), Cotton Raw & Waste (-50.42%), Pulses (-46.98%), Project Goods (-37.47%), Leather & leather products (-33.10%), Transport equipment (-24.49%), Machine tools (-23.40%), Pulp and Waste paper (-18.09%), Iron & Steel (-17.93%), Coal, Coke & Briquettes, etc. (-14.84%), Fertilisers, Crude & manufactured (-11.44%), Petroleum, Crude & products (-6.62%), Machinery, electrical & non-electrical (-1.55%), and Textile yarn Fabric, made-up articles (-0.37%).








MERCHANDISE TRADE: Preliminary Data, April 2021


Summary Value in USD Billion

		Total		Non-Petroleum		Non- Petroleum and Non-Gems & Jewellery
	2019-20	2020-21	2021-22	% change 2021-22 over 2020-21	% change 2021-22 over 2019-20	2019-20	2020-21	2021-22	% change 2021-22 over 2020-21	% change 2021-22 over 2019-20	2019-20	2020-21	2021-22	% change 2021-22 over 2020-21	% change 2021-22 over 2019-20
Exports	26.04	10.17	30.21	-60.93	197.03	22.48	8.93	26.85	-60.27	200.62	19.61	8.90	23.51	-54.64	164.28
Imports	42.39	17.09	45.45	-59.69	165.99	30.82	12.44	34.65	-59.65	178.60	24.46	12.33	26.05	-49.61	111.30
Deficit	16.35	6.92	15.24	-57.70	120.34	8.34	3.51	7.80	-57.98	122.49	4.85	3.43	2.54	-29.29	-26.01

Change by top Commodity Groups Value in USD Million

	Top Increase	Top Decline
	Commodity group	Change (USD Million)	% change	Commodity group	Change (USD Million)	% change
EXPORT (APR ’21 OVER APR’20)	Engineering Goods	5552.27	234.63
Gems And Jewellery	3305.44	9158.63
Petroleum Products	2120.97	171.11
EXPORT (APR ’21 OVER APR’19)	Engineering Goods	1242.47	18.61	Petroleum Products	-195.63	-5.50
Gems And Jewellery	470.34	16.38	Rmg Of All Textiles	-112.78	-8.01
Iron Ore	435.86	219.55	Organic And Inorganic Chemicals	-45.37	-2.21

	Top Increase	Top Decline
	Commodity group	Change (USD Million)	% change	Commodity group	Change (USD Million)	% change
IMPORT (APR ’21 OVER APR’20)	Petroleum, Crude & products	6149.22	132.26	Silver	-91.87	-88.55
Gold	6121.40	N.A.	Pulses	-40.41	-42.46
Electronic goods	3436.18	213.59	Newsprint	-19.78	-46.07
IMPORT (APR ’21 OVER APR’19)	Gold	2151.75	54.17	Petroleum, Crude & products	-765.73	-6.62
Electronic goods	733.38	17.01	Transport equipment	-472.32	-24.49
Vegetable Oil	554.04	75.85	Coal, Coke & Briquettes, etc.	-346.69	-14.84

*****


YB/SS

 

[sorcerer]

Government announces various relief measures for taxpayers under GST law in view of severe COVID-19 pandemic


Posted On: 02 MAY 2021 3:15PM by PIB Delhi



In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances under Goods & Services Tax (GST) law due to the outbreak of the second wave of COVID-19 pandemic, the Government has issued notifications, all dated 1st May, 2021, providing various relief measures for taxpayers. These measures are explained below:
1. Reduction in rate of interest:
Concessional rates of interest in lieu of the normal rate of interest of 18% per annum for delayed tax payments have been prescribed in the following cases.
a. For registered persons having aggregate turnover above Rs. 5 crore: A lower rate of interest of 9 per cent for the first 15 days from the due date of payment of tax and 18 per cent thereafter, for the tax payable for tax periods March 2021 and April 2021, payable in April 2021 and May 2021 respectively, has been notified.
b. For registered persons having aggregate turnover upto Rs. 5 crore: Nil rate of interest for the first 15 days from the due date of payment of tax, 9 per cent for the next 15 days, and 18 per cent thereafter, for both normal taxpayers and those under QRMP scheme, for the tax payable for the periods March 2021 and April 2021, payable in April 2021 and May 2021 respectively, has been notified.
c. For registered persons who have opted to pay tax under the Composition scheme: NIL rate of interest for first 15 days from the due date of payment of tax and 9 per cent for the next 15 days, and 18 per cent thereafter has been notified for the tax payable for the quarter ending 31st March, 2021, payable in April 2021.
2. Waiver of late fee
a. For registered persons having aggregate turnover above Rs. 5 crore: Late fee waived for 15 days in respect of returns in FORM GSTR-3B furnished beyond the due date for tax periods March, 2021 and April, 2021, due in the April 2021 and May 2021 respectively;
b. For registered persons having aggregate turnover upto Rs. 5 crore: Late fee waived for 30 days in respect of the returns in FORM GSTR-3B furnished beyond the due date for tax periods March, 2021 and April, 2021 (for taxpayers filing monthly returns) due in April 2021 and May 2021 respectively / and for period Jan-March, 2021 (for taxpayers filing quarterly returns under QRMP scheme) due in April 2021.
3. Extension of due date of filing GSTR-1, IFF, GSTR-4 and ITC-04
a. Due date of filing FORM GSTR-1 and IFF for the month of April (due in May) has been extended by 15 days.
b. . Due date of filing FORM GSTR-4 for FY 2020-21 has been extended from 30th April, 2021 to 31st May, 2021.
c. Due date of furnishing FORM ITC-04 for Jan-March, 2021 quarter has been extended from 25th April, 2021 to 31st May, 2021.
4. Certain amendments in CGST Rules:
a. Relaxation in availment of ITC: Rule 36(4) i.e. 105% cap on availment of ITC in FORM GSTR-3B to be applicable on cumulative basis for period April and May 2021, to be applied in the return for tax period May 2021. Otherwise, rule 36(4) is applicable for each tax period.
b. The filing of GSTR-3B and GSTR-1/ IFF by companies using electronic verification code has already been enabled for the period from the 27.04.2021 to 31.05.2021.
5. Extension in statutory time limits under section 168A of the CGST Act: Time limit for completion of various actions, by any authority or by any person, under the GST Act, which falls during the period from 15th April, 2021 to 30th May, 2021, has been extended upto 31st May, 2021, subject to some exceptions as specified in the notification.

 

[Rxbanda]

Blackstone betting big on India-its most profitable market

For the American alternate investment management giant with close to USD 620 billion in AUMs globally, India is its most profitable market in terms of returns -- its seed investment of around USD 25 billion is worth over USD 50 billion at present, according to co-founder, chairman and chief...

economictimes.indiatimes.com

Holding over USD 50 billion in assets under management already, the Wall Street major Blackstone is increasing its bet on the country, promising to pump in more dollars than it has already invested in the past decade, going forward.

For the American alternate investment management giant with close to USD 620 billion in AUMs globally, India is its most profitable market in terms of returns -- its seed investment of around USD 25 billion is worth over USD 50 billion at present, according to co-founder, chairman and chief executive Stephen A Schwarzman.

In the past decade, Blackstone has invested more than USD 22 billion in the country and some of its existing investments include Mphasis, (its largest investment so far-- USD 2 billion already invested and an additional USD 2.8 billion commitment), Nexus Malls, edutech player Aakash, the largest specialty glass packaging maker Piramal Glass (USD 1 billion), global leader in recyclable packaging tubes Essel Pro
pack, and largest independent affordable housing finance company Aadhar, Prestige commercial and retail portfolio for USD 1.6 billion among others.
-----------------------------------------------------------
We won't hit the 12% projected growth for this year, because of the lockdowns. But this one comes as a good news. Despite the negative publicity in the western media, businesses confidence is retained (at least to some extent).

 

[FalconSlayers]