NEW NORMAL

 Much-awaited logistics policy was unveiled last week. it was declared in budget 2020, but it got delayed due to the pandemic. All details are out, but one thing which was remarkable all stakeholders from the government were present along with the commerce minister. It is a very significant change we saw in recent times. We are used to seeing individual departments or ministry used to declare their policy or vision but it is good to see all are coming together to address the issue which is very crucial to our economy. The policy which is formed on four pillars will reduce friction between users, logistics players, and the enforcement department as all will be able to see all their transactions as well as queries with dispute resolution. Human development is not present in the market for small entrepreneurs as the majority of players are small enterprises. The skill development of human resources has to be seen as a long-term investment rather than an inefficient expense. The truck driv

 So, we are moving towards the end of the monsoon season, and the last few days are remaining. The festival season is set to enter with Navratra around the corner. The festival season which started with Onam will reach its peak around this time. More than 40% of sales occur this time. Last few days we have heard lots of things which include the setting of the Fab and Semiconductor plant in Gujrat which will be 3rd unit under the PLI scheme, the Development of Greater Nicobar island.  The impact of environmental changes is fully visible in Europe as well as other parts of the world.  This year we saw heavy rains in Pakistan which submerged 2/3rd of Pakistan so the high temperature in Europe and deficient rain all over continental Europe. The same situation is in America both north and south so Africa, even we got uneven rain in season. The normal temperature in the month of June/July/ August is high as compared to the last few years or more. The coming winter will be also disturbed as w

 Stay focussed result will come, we often listen to these words from our beloved ones, it is true and true in future as well. The last few years were more or less disturbing for each and every one. Consistency was the need of the hour and getting moves right was an essential ingredient. We did our work on this front very late when we had no choice but to surrender the condition at that time. But, opportunity and reluctance to change were evident initially from each and everyone, due to our inability to change and move ahead. We somehow moved ahead but the work which was cosmetic in nature initially gave us some hope for the time to come. The reluctance killed our precious time but it also gave us time to change and see the best of the best in the world. Compared with China and other countries Asian tigers were done with us and how we are lagging behind them was highlighted. Consistently, criticism was good and slowly we started moving with many financial crises that happened during tha

 Better late than never, it is true for everyone. Since 1991, when we opened up our economy to the world, the situation was there not the mindset of ours. The earlier regime was for only those who had access to the system.  The system opened up with shock but it worked for us very well with the old practice of Jugad and here system was and with elite one, as they have access to the system. The level of transparency was nearly nill. In the last 8 odd years, we have done major surgery in each segment of the system, as our system was on verge of collapse with non-stopped favor to near and dear ones. Since 2015, we started cleaning the banking system as legacy NPA with new ones getting added to it. After several restructuring and other solutions, it remained sticky. The system cleaning process started at the upper level with the freedom given to PSU banks for disbursal of loans as per policy and merit of the project, prompt corrective action was taken and banks started to clean their books