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Nov 6, 2019

AIM, NITI Aayog and UNDP India jointly launched Youth Co: Lab

In a latest initiative to recognize young people as critical drivers of sustainable development, Atal Innovation Mission (AIM), NITI Aayog and United Nations Development Programme (UNDP) India launched Youth Co:Lab which aims at accelerating social entrepreneurship and innovation in young India. Youth Co:Lab is Co-created in 2017 by UNDP and Citi Foundation, and is operational in 25 countries across the Asia Pacific region is an initiative which aims to create and enable an ecosystem to promote youth leadership, innovation, and social entrepreneurship.

The initiative aims at spreading awareness about different issues pertaining to youth, the future of work and the Sustainable Development Goals (SDG) through Youth Co:Lab. An invitation for Young entrepreneurs (18-29 years) and start-ups to showcase their proposed ideas and solutions to tackle some of the region’s biggest social challenges which will summon social innovation challenges at the national and sub-national level.  The Young Entrepreneurs and innovators will get a chance to connect with governments, mentors, incubators and investors, who will help equip them with entrepreneurial skills.

The first phase of Youth Co:Lab will focus on six SDGs: SDG 5 (Gender Equality), SDG 6 (Clean Water and Sanitation), SDG 7 (Affordable and Clean Energy), SDG 8 (Decent Work and Economic Growth), SDG 12 (Sustainable Consumption and Production) and SDG 13 (Climate Action). This Initiative will help empower young people through innovative development ideas.

Aspiring entrepreneurs or nascent entrepreneurs (with less than 3 years of experience) can submit their ideas at http://aimapp2.aim.gov.in/youth2019/entry.php before 4 November, 2019. Selected applicants will be invited for a national innovation challenge, where each winning start-up will get an opportunity to incubate and strengthen their ideas at the Atal Incubation Centres.

 

Author: Preeti Rajput, Research Associate at PHDCCI, Dr S P Sharma, Chief Economist at PHDCCI and Ms Surbhi Sharma, Associate Economist at PHDCCI

Nov 5, 2019

Smt Nirmala Sitharaman, Hon’ble Union Minister of Finance and Corporate Affairs, Government of India has launched ICEDASH - An Ease of Doing Business in India monitoring dashboard of the Indian Customs helping public see the daily Customs clearance times of import cargo at various ports and airports.

With ICEDASH, Indian Customs has taken a lead globally to provide an effective tool that helps the businesses compare clearance times across ports and plan their logistics accordingly. This dashboard has been developed by Central Board of Indirect Taxes and Customs (CBIC) in collaboration with the National Informatics Centre (NIC).

ICEDASH can be accessed through the CBIC website.

 

Nov 5, 2019,

Smt Nirmala Sitharaman, Hon’ble Union Minister of Finance and Corporate Affairs, Government of India has launched ATITHI – a moble app for facilitating arriving international passengers by electronic filing of Customs baggage and currency declarations.

With ATITHI, Passengers can use this app to file declaration of dutiable items and currency with the Indian Customs even before boarding the flight to India. 

According to Finance Minister, ATITHI app would create a tech savvy image of India Customs and would encourage tourism and business travel to India.

ATITHI is available on both, iOS and Android.

Oct 24, 2019

India's ranking in Word Bank's East of Doing Business survey climbed 14 notches to stand at 63 out of total 190 counties. A stunning rise in India's ranking makes it a formidable alternative to China. Read Morepoo

Keywords: Make in India, investing in India, manufacturing in India, start-up in India, Doing business in India, setting up company in India

Oct 17, 2019

Authors: Ms. Kritika Bhasin, Research Officer at PHD Chamber of Commerce & Industry, Dr. S P Sharma, Chief Economist at PHD Chamber of Commerce & Industry, and Ms Megha Kaul, Economist at PHD Chamber of Commerce & Industry.

India has been ranked at 102nd place among 117 economies in the Global Hunger Index (GHI) 2019. According to the Global Hunger Index: The Challenge of Hunger and Climate Change, while the world has made gradual progress in reducing hunger on a global scale since 2000, this progress has been uneven. Hunger persists in many countries and in some instances progress is even being reversed.

With a 2019 GHI score of 20.0, the level of hunger and under-nutrition worldwide is on the cusp of the moderate and serious categories. This score reflects a decline of 31% since 2000, when the global GHI score was 29.0 and fell into the serious category. Underlying this improvement are reductions in each of the four GHI indicators—the rates of undernourishment, child stunting, child wasting, and child mortality—since 2000.

At the regional level, South Asia and Africa South of the Sahara have the highest 2019 GHI scores in the world, at 29.3 and 28.4, respectively. These scores indicate serious levels of hunger according to the GHI Severity Scale. In contrast, the 2019 GHI scores of Eastern Europe and the Commonwealth of Independent States, Latin America and the Caribbean, East and Southeast Asia, and the Near East and North Africa range from 6.6 to 13.3, indicating low or moderate hunger levels

India ranked at 102nd  place in 2019 as compared to 103rd place in 2018 and 100th position in 2017. According to the report, India’s child wasting rate is extremely high at 20.8%. The country’s child stunting rate, 37.9%, is also categorized as very high in terms of its public health significance. In India, just 9.6% of all children between 6 and 23 months of age are fed a minimum acceptable diet. As of 2015–2016, 90% of Indian households used an improved drinking water source while 39% of households had no sanitation facilities.

Source: PHD Research Bureau, PHDCCI compiled from Global Hunger Index report 2019.

Note: 1 Ranked according to 2019 GHI scores. Countries that have identical 2019 scores are given the same ranking (for example, Mexico and Tunisia are both ranked 23rd). The following countries could not be included because of lack of data: Bahrain, Bhutan, Burundi, Comoros, the Democratic Republic of Congo, Equatorial Guinea, Eritrea, Libya, Moldova, Papua New Guinea, Qatar, Somalia, South Sudan, the Syrian Arab Republic, and Tajikistan.

The 17 countries with 2019 GHI scores of less than 5 are not assigned individual ranks, but rather are collectively ranked 1–17. Differences between their scores are minimal.

Sept 17, 2019


Choose NJ opening New Jersey-India Center in Gurugram, India

To increase the business opportunities between New Jersey and India, Governor Phil Murphy is on a 7 day business trip to India.

On the evening of Sept 16th, which was the first day of business trip to India, Governor Murphy announced that Choose New Jersey is opening an economic development office in Gurugram, which is on the suburbs of Delhi metro region.

The office will be called the New Jersey-India Center.

Choose New Jersey CEO, Jose Lozano said, “Given the strong synergies between New Jersey and India, and given the investment that India is making in New Jersey, and given the investment that New Jersey folks are doing in India, it’s only right to have a partner on the other side of the pond that will monitor and assist with the continuous flow of talents and businesses across the ocean”.

The consulting partner in this venture by Choose New Jersey is T&A Consulting, a firm based out of Gurugram, India.

Jose Lozano further added, “They [T&A Consulting] will be working exclusively for New Jersey on the ground, facilitating our interactions and enabling us to follow up with the many contacts we will make on this trip. They’ll be our official representation out there and they’ll support the (Economic Development Authority).”

Lozano, calling the business connection between India and New Jersey perfect, said “Culturally, we’re aligned. We have a large and influential South Asian population. And their strengths in life sciences and tech match our strengths of life sciences and tech.

“I want to make sure New Jersey and India can benefit from our obvious synergies. And I want to show the Indian government how important this relationship is to us.”

“We’ve put a huge premium on our international relationships and for good reason,” he said. “All of the assets that we have is exactly what I think the international community is looking for. And, as New York continues to price itself out of the market when it comes to newer companies, we want New Jersey to be right up front and capture all of those folks.

“In the one year that I’ve been here, we have probably doubled our opportunities and leads internationally. Which has just proven the point that there is something there and we need to go after it. And go after it fairly aggressively.”

Credits: ROI (Return on Information - New Jersey)

Sept 16, 2019

Exports: Exports in August 2019 were USD 26 billion, as compared to USD 28 billion in August 2018, exhibiting a negative growth of 6 per cent. In Rupee terms, exports were Rs. 1,85,881 crore in August 2019, as compared to Rs. 1,93,397 crore in August 2018, registering a negative growth of 4 per cent.

Imports: Imports in August 2019 were USD 39 billion (Rs. 2,81,606 crore), which was 13 per cent lower in Dollar terms and 11 per cent lower in Rupee terms over imports of USD 46 billion (Rs.3,18,044 crore) in August 2018.

 

Sept 16, 2019

Govt. of India sold 250 million vehicle registration records and 150 million driver licenses to 142 private companies and public institutions. Buyers include big names, such as Mercedes, Toyota, Volkswagen, Nissan, BMW, State Bank of India (SBI), ICICI Bank and Citibank. Who can buy Data: Any company, whose 50% shares are owned by Indian citizens, is eligible to purchase the data from the government for INR 30 million (USD 422K approx) in the fiscal year 2019-2020. Imp. Note: It is unclear if the government has taken consent from citizens before selling the driver and vehicle data. Read more

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