Asit Ranjan Mishra

Stories by Asit Ranjan Mishra

Countdown Begins To Budget 2025

Countdown Begins To Budget 2025

Rediff.com   7 Dec 2024

It will be the second Budget of the Modi 3.0 government and eighth straight Budget for Nirmala Sitharaman, rare in Indian polity.

Low Wages A Corporate Risk: CEA

Low Wages A Corporate Risk: CEA

Rediff.com   6 Dec 2024

'Not paying workers enough will end up being self-destructive or harmful for the corporate sector itself.'

'We Are Lucky To Have Modi'

'We Are Lucky To Have Modi'

Rediff.com   16 Oct 2024

'We don't have to go abroad for anything.' 'Anyone who thinks we have a lot to learn from the US needs to have his head examined.' 'We are in a new era.'

US tariffs risk Chinese goods flooding India

US tariffs risk Chinese goods flooding India

Rediff.com   4 Oct 2024

India stares at the risk of an influx of Chinese products as US tariffs on a range of Chinese goods, including solar panels, electric vehicles, lithium-ion batteries, syringes, and steel, are set to take effect from September 27. With higher tariffs reducing China's access to the US market, there is concern that China may divert its exports to other markets, including India, which could lead to potential dumping of goods. This situation could challenge Indian industries, particularly in sectors where competition with Chinese products is already fierce.

'Industry Has To Help Us'

'Industry Has To Help Us'

Rediff.com   16 Aug 2024

'There will be 200 ITIs developed as hubs, while 800 will be developed as spoke, connected with five National Skill Training Institutes.'

What Modi May Say In I-Day Address

What Modi May Say In I-Day Address

Rediff.com   14 Aug 2024

'Given our turbulent neighbourhood, the prime minister is likely to emphasise on democratic dividend as the reason behind India's continuous prosperity.'

Customs duty cut on silver likely to give Centre breather for now

Customs duty cut on silver likely to give Centre breather for now

Rediff.com   7 Aug 2024

The steep cut in Customs duty on silver in the FY25 Budget to 6 per cent from 15 per cent may provide the government temporary relief by checking the spurt in silver imports from the United Arab Emirates (UAE) under the Comprehensive Economic Partnership Agreement (CEPA). In FY24, silver imports from the UAE jumped to $1.7 billion from only $11.18 million in FY23, according to commerce department data. In May, about 87 per cent of India's silver imports came from Dubai.

What Centre Will Shell Out For AP, Bihar

What Centre Will Shell Out For AP, Bihar

Rediff.com   5 Aug 2024

While Andhra Pradesh is expected to receive Rs 15,000 crore to Rs 20,000 crore, Bihar is likely to get Rs 5,000 crore to Rs 10,000 crore in FY25.

Nirmalaji Ko Gussa Kyon Aata Hai?

Nirmalaji Ko Gussa Kyon Aata Hai?

Rediff.com   31 Jul 2024

'The conspiracy is to end India's entrepreneurship culture even before it fully blooms.' 'Negativity is being spread in society towards all those who do business, and this hatred for business and wealth creators is spilling everywhere.'

'Jobs Have To Be Created Everywhere'

'Jobs Have To Be Created Everywhere'

Rediff.com   25 Jul 2024

'I found it unbelievable that L&T said 45,000 jobs were waiting to be filled because of unavailability of suitable skillsets.' 'So, when the Opposition sweepingly says there are no jobs, I'm sorry... I'm not saying it's raining jobs, but there are jobs. The (skill) gap has to be bridged.'

Budget may go vocal for higher local procurement

Budget may go vocal for higher local procurement

Rediff.com   17 Jul 2024

To boost domestic manufacturing under the Make in India initiative and reduce dependency on imports, the government is expected to announce in the Budget an increase in the minimum local content requirement for public procurement, with certain sectors being granted exceptions. Currently, firms producing goods, services, or works with at least 50 per cent local content are classified as Class-I local suppliers and are preferred the most in government procurement.

'Budget Focus Will Be On Growth, Jobs'

'Budget Focus Will Be On Growth, Jobs'

Rediff.com   16 Jul 2024

'There is no immediate threat to the government, and they would prefer the growth agenda.'

Modi To Finalise 100-Day Agenda After Budget

Modi To Finalise 100-Day Agenda After Budget

Rediff.com   10 Jul 2024

A lot of the 100-day programmes would be 'milestone-based' with timelines for achieving targets for social-sector schemes.

Nirmalaji Eyes Higher GDP Growth Target

Nirmalaji Eyes Higher GDP Growth Target

Rediff.com   3 Jul 2024

'The nominal GDP growth assumption for FY25 may be revised upwards on higher growth expectations.'

Modi 3.0: 'Viksit Bharat' Reforms Not To Take Back Seat

Modi 3.0: 'Viksit Bharat' Reforms Not To Take Back Seat

Rediff.com   13 Jun 2024

'The expeditious enactment of labour codes and strategic measures to bridge the skills jobs gap are critical.'

CAD may dip in Q4 as net exports hit 11-quarter high

CAD may dip in Q4 as net exports hit 11-quarter high

Rediff.com   10 Jun 2024

India's current account deficit (CAD) may dip further in the March quarter of FY24 as pressure from the negative net exports during the January-March period eased to an 11-quarter high. A part of the gross domestic product (GDP) data, net export- which is usually negative for India - captures the difference between exports and imports of both goods and services, while the CAD data, released by the Reserve Bank of India (RBI), also factors in private transfer receipts.

Smartphones, India's 4th Largest Exports!

Smartphones, India's 4th Largest Exports!

Rediff.com   23 May 2024

Smartphones have been a key success story of the government's production-linked incentive scheme, helping India become the second-largest mobile phone manufacturing country, after China.

Govt may hike local content requirement

Govt may hike local content requirement

Rediff.com   20 May 2024

The government is planning to tweak its procurement policy to give a fillip to domestic manufacturing. The industry department has floated a proposal to raise the minimum local content requirement for public procurement for Class-I and -II suppliers from 50 per cent currently to 70 per cent, and 20 per cent as of now to 50 per cent, respectively.

Quality Control Orders: What does this mean for domestic industry?

Quality Control Orders: What does this mean for domestic industry?

Rediff.com   25 Apr 2024

From toys, footwear and furniture to insulated flasks, smart meters, and air coolers - the Central government over the last decade has mandated higher standards for production and imports of such items. Sample this: Till 2014, there were 14 Quality Control Orders (QCOs) covering 106 products. By the latest count, there are 156 QCOs on 672 products.

Paytm app may lose access to digital wallet facility

Paytm app may lose access to digital wallet facility

Rediff.com   19 Feb 2024

The Paytm application (app) could potentially face a permanent loss of its integrated mobile wallet feature, currently owned by Paytm Payments Bank (Paytm PB). With the recent crackdown on Paytm PB, sources say getting a fresh wallet licence may get tough for the group. "The Paytm app (One97 Communications) has to apply afresh to the RBI for a licence to operate a prepaid payment instrument (PPI) like a mobile wallet within the Paytm app, as PPI is a regulated entity.