NEW NORMAL

 Recently, government had introduced three bills  related to justice. Which are very much needed as these laws are very old i.e. from the era of British rule. These will become law after parliament approval , major overhaul is proposed in it, but we have to wait till final  notifications released. The laws will be futuristic and will reduce the time of litigations with justice done in time bound manner. The proposed laws must have to address the issue of commercial contract which is not in the agenda of our justice system. Time taken to complete the transaction is very high with cumbersome process with added cost of compliances. If we have to compete with global forces than our contract enforcements and compliance cost should be minimum. The layering in the judicial system, which is stopper for system as well as for businesses. It should be reduced or minimized. Other provisions in the bills are good for netizens as it will bring accountability in the judicial system and also law and o

In latest RBI's MPC meeting the decision on rate was as expected. There is no change in repo rate and other rates. The inflation is on higher side with seasonal rate hike of vegetables like tomato and onion. Now, it is recognized that our seasonal rate increase in vegetables and fruits with some staples is annual ritual as we do not have adequate storage facility for it. Market needs stability in rate for some more time as it is going to stabilize MSME sectors as the planning for them will be easy to expand business. So the retail sector, in which maximum no. of borrowers are home buyers, they will not face issue of increased EMI or elongation of tenure of loan. It is true that cost of capital for long term loans are high in comparing to short term loan, but the system of calculation is opaque, which needs transparency so that a borrower must  take call prior to  taking loan and his consent is needed to hike EMI amount or loan tenure elongation. Presently, rate hike automatically i

 PLI scheme started delivering the result though it is very early but it is showing way forward to us ,yes their is some issues in implementation but it can be resolved as it is procedural issue for claiming incentive for export with items to be exported specially in AUTO sector PLI. The communication sector i.e. mobile manufacturing is steadily increasing with eco system of components are also coming now, the pace is slow but it is following the mother unit. The numbers of component makers are coming and their investment is going to generating thousands of jobs formally, which will aid for informal jobs. The government is trying to bring same scheme for different sectors with in consultation of stake holders. Just few days back government banned the import of ICT goods i.e. laptops, monitors and all in one computers, as PLI for the sector was changed as per demand of stakeholders. The component makers are demanding the permission for Chinese national to be allowed to work in our count