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Will February 1 be Nirmala Sitharaman's Thatcherite moment?

For FM, Feb 1 could be the proverbial moment to borrow from Thatcher's playbook and go on a privatisation spree.
The Economic Times



MeitY gets a blockchain plan

Government is tweaking tech policies to keep up with emerging challenges. NISG says regulations should be based on the functions performed by tech, not on the tech itself. It made the recommendation in the draft national strategy on blockchain policy that had sought comments and suggestions from stakeholders.

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  • Entrepreneurs want a stable policy environment, a longer time horizon to carry forward losses and to pay taxes on ESOPs only during sale. To raise funds, startups tend to approach a large number of venture funds – sometimes up to 400. However, under Section 42 of the Companies Act, if a startup sends information to more than 200 investors, it is deemed to be a public company.

    They are equipped with predictive return on investment (ROI) analytics for business investments that can be tailored to meet numerous industry-specific needs

    The state plans to use blockchain technology to make its financial system more efficient and implement pilot government schemes by creating a talent pool of professionals in the field.

    Thane Municipal Corporation is developing a blockchain-based solution for property tax assessment in partnership with Hyderabad-based Veridoc Global India in order to create a digital portal to engage with citizens. Integrating blockchain technology is expected to help in faster approvals and provide a single point for data availability.

    This is the second major IT company to increase its footprint in the city this year. Mid-tier IT services provider, Cyient also announced on Monday that it is expanding its development centre in Warangal to 800 employees, up from 200 currently. The centre will support Cyient’s telecom customers globally by providing designs and engineering services.

    Colleges and universities can leverage AI to alleviate many of the technology administrative activities as well as to take over mundane tasks. AI has the potential to deliver a personalized learning path, personalizing the student experience to improve student outcomes with virtual academic advisors and tutors.

    “The (Indian) regulatory ecosystem is...not (focusing) on decentralised systems like smart contracts, so innovation will not happen at the same pace as in those countries who do allow for experimentation in such aspects of the technology,” said Nitin Sharma, founder of Incrypt Blockchain.

    The S&P 500 tripled in that period. An index that tracks world markets has more than doubled.

    Zoho zeroed in on the on-grid model of power generation, where they generate power and patch it on to power local needs near the plant, and set-off the credits to power their own operations.

    Mantra Capital will provide offshore venture services and managed services to global startups. Also, venture services will scout and curate U.S and Indian startups for corporate innovation scaling programs that will be launched in the second quarter of 2020.

    Indian IT giants have been investing over Rs 1,000 crore per year to address the reskilling and upskilling requirements of their employees, given the magnitude of the challenge.

    The first half of 2019 saw $3.9 billion invested across 292 domestic investment deals, marking an increase of more than 44% over the same period in 2018.

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