Sep 30, 2015 - Why did Raghuram Rajan cut the policy rate by 50 bps?

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Why did Raghuram Rajan cut the policy rate by 50 bps? While this might seem as a “take that” gesture from Rajan, there are actually sound reasons for the cut Let's focus on GST exemptions and IT readiness: Finance Ministry to industry Focus on GST exemptions and IT readiness: Finance Ministry to industry - GST is expected to bring in substantial reduction in non-compliance in the trading sector, potentially bringing trading and manufacturing at par and increasing competitiveness. Alibaba, Ant Financial invest about $680 million in Paytm, up stake to 40% Chinese e-commerce giant Alibaba Group Holding has made a strategic investment in One97 Communications, the parent company of Paytm... Shree Renuka Sugars declares its Brazilian unit bankrupt Shree Renuka entered the Brazilian sugar sector in 2009, when it bought controlling stakes in the four mills from two local companies. Retail chains sign up mobile wallets Tie-ups between retailers and mobile wallets offer consumers a convenient payment option, cash-back offers and additional discounts Nestle cancels 12-year contract manufacturing of Maggi with SAJ to increase focus on quality Analysts feel that Nestle’s decision to end its 12-year contract with SAJ could be part of a move to increase focus on quality after the national food regul.. RBI to open up FPI limits in debt in phases Limits will be hiked every six months; central bank allows foreign investment in state bonds Nepal fuel crisis forces airlines to reduce passenger and cargo load; schedule remains same for Jet, Air India and Indigo Airlines have doubled their fuel uplift on the Kathmandu sector and as a consequence forced to carry lesser number passengers and cargo per trip because of restrictions on supply of aviation turbine fuel to foreign carriers in Nepal.The Mobile adtech company InMobi raises $100 million in new debt from a consortium of lenders led by US-based Tennenbaum Capital Partners InMobi has received nearly $60 million, of which $40 million has been used to pay off the debt raised last year from Hercules Technology Growth Capital (HTGC).. India overtakes US as the largest consumer of cashew Although the US continues to be the largest buyer of Indian cashew, processor-exporters are focusing more on the domestic market. Facebook clearly doesn't want to rub India the wrong way! The social media giant Facebook has said that it's important to get the debate on Net Neutrality 'right' in India. According to Facebook, India has over Samsung rejigs electronics business to give a ring to its sales, match pace with smartphone business Samsung India, the market leader in mobile phones and flat panel televisions, has restructured its consumer electronics and home appliances business into geographical divisions. After State Bank of India, other banks follow rate cut bandwagon Home loans are set to become cheaper after the Reserve Bank of India on Tuesday in its monetary policy review announced to cut repo rate by 50 basis points to 6.75 per cent. 15 inspirational quotes from Steve Jobs Justin Sullivan / GettySteve Jobs on stage.It's coming up to four years since Steve Jobs passed away. The tech visionary, who created both Apple and reimagined Now get a personalized Nutella jar- ET A customer buying a Nutella jar from select stores will be given a personalized label, which will be printed on the spot with the content provided by the customer. Rate cuts on course, but banks still need the Rajan push A policy rate cut is effective if banks lower or raise rates in tandem with the central bank actions. Lower policy rates should translate into lower bank rates for borrowers—retail and corporate. Security stepped up at airports, Taj hotel after call warns of terror attack Described as a "specific threat", the agencies concerned beefed up security at these locations. Competition Commission of India notifies recruitment: Apply now The Competition Comission of India (CCI) is inviting applications for the recruitment on several posts on deputation on foreign service basis. FoodPanda revoking registrations of over 500 restaurants every month; aims to stabilise operations hit by frenetic growth and upheaval in top management FoodPanda is revoking registrations of over 500 restaurants every month as it aims to stabilise operations hit by frenetic growth and upheaval in top management. Aircel aims to have 1000 Xpress Stores by Q1 2016 Telecom network operator Aircel aims to achieve more than 1,000 Aircel Xpress Stores by Q1 2016 and 2,000 by 2017 from 500 in March 2015. Snapdeal buys minority stake in PepperTap PepperTap deal is Snapdeal’s latest push into hyperlocal after the company launched Snapdeal Instant in August Can wearable technology become a bigger advertising platform than mobile? : Report Clients are highly optimistic about the potential wearable teach has in store for brands. No-frills airports need limited private participation As per data available with Centre for Asia Pacific Aviation, investments of $40-50 billion are needed to expand/upgrade airport infrastructure across the country to meet the demands for excess capacity arising from estimated traffic projections. Within Six Months Of Operations, Hyperlocal Logistics Startup Roadrunnr Expands Business To 11 More Cities India's No.1 source for latest technology news and Information on startups. Consumer demand to get a boost Sizeable investments, however, will take more time to pick up, say CEOs; they reiterate need for acceleration on policy reforms and more spending on infrastructure Alibaba, Ant Financial invest about $680 million in Paytm, up stake to 40% Alibaba and its financial services arm, Ant Financial, have made a "strategic" investment in Indian mobile payment platform, Paytm. Kolkata's Senco Gold & Diamonds gets Rs 80 crore funding, aims to become national player Suvankar Sen, who now helms Senco, has roped in former Indian cricket captain Saurav Ganguly to be its brand ambassador... Google AdWords to allow advertisers target specific email IDs : Report Google has launched a couple of new features for AdWords, including the ability for advertisers target customers by their email ID’s, Similar Audiences and Universal App Campaigns. The company mentions that these features will roll out to all advertisers over the next few weeks. Customer Matc Draft Civil Aviation Policy may bring back life to India's ghost airports; only 100 out of 400 are being used as of now India's ghost airports may soon get a new lease of life. The country has about 400 airports/airstrips but only close to 100 are being used for commercial purposes as of now. .. Former Penguin India Publisher To Tap Mobile Phone Publishing Through 'Juggernaut' Former publisher of Penguin India, Chiki Sarkar, launched a publishing company called Juggernaut last week. It's billed as a digital platform with a huge focus on the mobile phone - in addition to good old physical publishing. She's launching it with Durga Raghunath, founder of  digital newsroom, Firstpost and former chief [...] Ingram Micro to offer Apple iPhone 6S, 6S Plus at over 2500 retail locations on October 16 Ingram Micro, one of Apple's product distributors in India, said that it will offer Apple iPhone 6s and iPhone 6s Plus smartphones on October 16 at over 2,500 locations. Cochin Shipyard pays Rs 17 crore dividend to government Cochin Shipyard Ltd (CSL) has shown impressive performance despite a challenging business environment and paid Rs 16.99 crore dividend to the government. Supporting Digital India is not supporting Internet.org : clarifies Facebook Supporting Digital India is not supporting Internet.org, clarifies Facebook - India has over eight lakh users under the Internet.org initiative. Chip-maker Qualcomm plans to invest up to $150 million in Indian startups A quick factsheet on the 36 Indian startups that exhibited at the event in Silicon Valley. Festival strategy: Flipkart, Snapdeal to focus on dominance without eroding margins For Flipkart and Snapdeal, this festival season will be about establishing their dominance, but they are unlikely to give margin-eroding discounts. Maggi Hearing at Apex Consumer Court on Wednesday NDTV The Department of Consumer Affairs had alleged that Nestle by its "unfair trade practices" of selling "defective and hazardous products" with regard to Maggi instant noodles has caused injury to millions of consumers, which called for this class action British retail sales grows by more than expected in September: Confederation of British Industry The CBI distributive trades survey's retail sales balance rose to +49 in September - its highest since May. Brilliant entrepreneurs rarely become brilliant CEOs: Marc Effron Effron talks about a gamut of issues ranging from talent strategizing to building simple, easy-to-use practices for creating talent. Edited excerpts Snapdeal invests in local grocery app startup PepperTap : Picks up stake worth $36M India's e-commerce leaders are beginning to invest in smaller competitors or specialist services to consolidate their market position. Internet access matters – will Facebook or India provide it? Prevention of communication constitutes exclusion from society. Access to online services should be protected in the same way water and electricity are South Asia important for India geo-politically, but not economically: CEA Economic integration with South Asia is not a top priority for India as its economy relies more on other regions, Chief Economic Advisor Arvind Subramanian said on Tuesday. Geo-political considerations, however, make t GR Infraprojects planning IPO to raise Rs400 crore Motilal Oswal’s PE fund and IDFC Investment Advisors are looking to partially sell their stake through the public offer Paytm raises fresh round of funding from Alibaba and Ant Financial : Report Mobile commerce marketplace and digital wallet Paytm has raised an undisclosed amount in a fresh round of funding from Alibaba and Ant Financial. According to this ET report, the Alibaba Group will pick up about 20% stake in Paytm for about $680 million which will see Ant Financial’s stake lower Alibaba invests in mobile wallet startup Paytm : Increases stake to 40% Alibaba now has a foothold in India's promising online commerce market, where Amazon, Snapdeal and Flipkart are battling for dominance. PepperTap raises $36M from Snapdeal, Sequoia, SAIF and new investors PepperTap, the Gurgaon-based hyperlocal grocery service, has raised $36 million in Series B funding led by Snapdeal and existing investors Sequoia India and RBI to transform India into a cashless economy soon! In efforts to move towards a cashless society, the Reserve Bank today said it will come out with a concept paper on promoting electronic payments. Government Issues, Retracts Denial Appointing Brand Ambassador for Digital India Social media was filled with conversations around Ankit Fadia being appointed the brand ambassador for the Digital India campaign. The source was a certificate posted on the official Facebook page of Ankit Fadia. To decongest stations, Indian Railways shifts 6 trains from New Delhi to Anand Vihar, Sarai Rohilla In order to decongest busy stations, Indian Railways has shifted several trains from New Delhi railway station to Anand Vihar and Sarai Rohilla in December as per the new Time Table. Use psychometric tests to pick right candidates Psychometric tests are helping companies zero in on likely candidates. As a result of this, talent assessment companies are now using maps and `selfies' to identify leaders. Infogain to buy IT operations of Blue Star Infotech The combined entity will have revenue of over $150 million, close to 4,000 employees and eight delivery locations globally PepperTap raises $36M from Snapdeal, Sequoia, SAIF and new investors PepperTap, the Gurgaon-based hyperlocal grocery service, has raised $36 million in Series B funding led by Snapdeal and existing investors Sequoia India and SAIF Partners, with participation from new investors Ru-net, JAFCO, and BeeNext. According to the press statement, the company is in advanc Microsoft set to launch three data centres in India : Will focus on providing cloud services "The hyper scale cloud will empower govts, businesses and users and offer enough computing power that will support all their existing workloads". Alibaba, Ant Financial invest about $680 million in Paytm, up stake to 40% Chinese e-commerce giant Alibaba Group Holding has made a strategic investment in One97 Communications, the parent company of Paytm. On Internet bans in India and the “Internet kill switch”   In the past month alone, we've seen three instances of bans online: firstly, the ban on mobile and then wireline Internet in the state of Gujarat, which was followed by the bans in Godhra and the state of Jammu & Kashmir. Some thoughts on the bans: 1. There is information asymm Gender no barrier: Deloitte's ladies special drives into i-Banking's male bastion Attitudes are changing, albeit slowly. Promoters are increasingly warming up to the idea of women advisors for even hardcore sectors such as industrials. Key tech announcements from Modi's US visit: Wi-Fi for Indian Railways, 500 stations in plan, broadband connectivity to 5 lakh villages by Microsoft Internet giant Google has announced it will help Indian Railways set up Wi-Fi broadband services at 400 railway stations in India over the next few years beginning with 100 stations in the initial phase of the project by end 2016."Even with just the Auto firms looking up to tech companies for over-the-air updates Interest in the technology, through which certain car functions can be upgraded much the same way as an iPhone, comes as Tesla is set to deliver an OTA for hands-free cruise control. Need to get Net Neutrality debate right in India: Facebook CEO Mark Zuckerberg Mark Zuckerberg says there is a need to add perspective to the net neutrality debate in India and added that they don't want to create a parallel to the web Did Facebook use Digital India campaign to promote Internet.org? Discussions on social media revolved around one question - ‘Is Facebook using Digital India campaign as a mask for promoting Internet.org?’ Germany launches criminal probe against Volkswagen's ex-CEO German prosecutors on Monday said they have put former Volkswagen (VW) Group CEO Martin Winterkorn under investigation Indian government goes flip-flop over the appointment of ethical hacker, Ankit Fadia as the 'Digital India' ambassador In a curious flip-flop, the government today first denied news reports of a move to appoint a brand ambassador for its flagship "Digital India" programme only to confirm late evening that four brand ambassadors had indeed been nominated for a one year period. Govt plans mandatory marketing code for pharmaceutical firms Under the new code, drugmakers may soon be prohibited from offering gifts to doctors to prescribe their products Flip-flop over Ankit Fadia as 'Digital India' ambassador PM Modi's "Digital India" campaign has evoked yet another controversy this time over the appointment of a brand ambassador for the campaign.   Google Brings Wi-Fi Connectivity To India, Bitcoin Adoption To Benefit? Digital India: OnlineTyari provides job-oriented study material through mobile app Online Tyari, a digital test preparation platform is providing job-oriented materials to aspirants of civil cervices, banking services, UPSC, GATE and other state government jobs. Whole Foods is cutting 1500 jobs Damian DovarganesWhole Foods Market cashier Aracelis Ramirez charges customer Thomas Carroll at a Los Angeles store.Whole Foods is cutting 1,500 jobs. In an 6 Actions to Prevent Your Company Becoming the Next Volkswagen Ever hear about the mistake the city of Delhi made while trying to cure its cobra infestation? Jobs swing in: Pre-placement offers up 50% at IITs; highest compensation tops Thats good news for students at the premier engineering schools — more of them will have jobs in hand even before final placements kick off in Dec. Startups are key to India's transformation: Prime Minister Narendra Modi Here is the full text of his speech: It is a great pleasure to be here. For me, this is a special event, because the idea of startups is close... It time for banks to pass rate cut to consumers after RBI cuts interest rate Apart from rate cut, the central bank has also announced that it will lower rick weightage for low cost home loans... Home loan to be cheaper after RBI cut rates The reduction repo rate- the rate at which RBI lends – from 7.25% has come as a big surprise to the market which had expected only a 25 bps cut.. Tata Projects eyes smart cities opportunity Tata Group company Tata Projects Limited has created a dedicated division to tap the opportunities expected to be generated by the Smart Cities initiative... Assocham says infra sector investment needs to be raised to 10% of GDP The study said Exercise for Smart city begins in Vizag AECOM India in association with AECOM Asia, which was selected by GVMC on September 14 in an open bid, started the work.. Online food delivery startup TravelKhana raises funding from Astarc Ventures, others Searching for Delivery of Food in Trains or Train Food Service? Order your food requirements and we will deliver the same at your seat just like a restaurant. AUTOnCAB buys grocery ordering startup BigZop Delhi-based company AUTOnCAB that enables users book autos and cabs, has acquired Gurgaon-based grocery ordering app, BigZop in a stock … InMobi raises $100 million in new debt from a consortium of lenders InMobi has received nearly $60 million, of which $40 million has been used to pay off the debt raised last year from Hercules Technology Growth Capital (HTGC) 63% of SMBs in India don't have a website: Survey While 63% don't have a website, 76% of these plan to have one in the next two years, reveals a survey by GoDaddy and Redshift Research. Google joins hands with RailTel to equip 400 railway stations with high-speed Wi-Fi Google and RailTel Corp. of India have joined hands to equip 400 railways station in the country with high speed Wi-Fi networks. Housing.com names Keerthi Kiran as VP of realty projects division Realty portal Housing.com today announced the appointment of Keerthi Kiran as the Vice President of its new real estate projects division. Despite challenges, e-grocery in India finally takes off Online grocery startups in India are now thriving. The top five online grocery startups in India have raised over $120 million just this year. Mobile data revenue in India to grow at 18% CAGR: Citi Research Mobile data revenue in India will achieve a compound annual growth rate of 18 percent between now and 2020 ModiInSiliconValley: 7 MoUs signed between US and Indian firms to boost startups in India Aimed at giving a big boost to startups in India, as many as seven MoUs have been signed between various organisations of India and the US. The MoUs were signed as Prime Minister Narendra Modi at Termsheet.io is making funding process easy for the startups in India Almost every startup founder, who raised money, is aware of the pain of completing legal formalities. Most of the first time founders are not familiar with Self-proclaimed ethical hacker Ankit Fadia is Digital India brand ambassador Fadia made the announcement on his Facebook page. Digital India: Selling the concept in Silicon Valley is fine, but here's what Modi should understand But FreeInternet does not translate to freedom on the Internet. While Modi tells Zuckerberg “Social media helped me gain knowledge, it broadened my horizon”, the irony is far too many ordinary Indians find out the hard way that that freedom is really a minefield. TradeBriefs Publications are read by over 10,00,000 Industry Executives India Business Brief | India Retail News | India Food Brief | India Telecom Brief | India Finance Brief | India Software Brief | India Digital Brief | India Ecommerce Brief | India Franchise Brief | India HR Brief | India Logistics Brief | India Construction Brief About Us  |  Advertise Privacy Policy    Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. Our mailing address is GF 25/39, West Patel Nagar, New Delhi 110008, India