Jan 8, 2016 - GST Failure may Affect India's Ability to Ramp up Spending: World Bank

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Sree Vijaykumar From the Editor's Desk So. you have an idea for fixing a problem in your city? Maybe, it's potholes, or a cleanliness drive, or a project that reduces pollution. What if, you could put this up on a site and attract funding for it and solve it on your own. That's precisely what a bunch of social designers in Finland are trying with Brickstarter. Imagine if this idea could be further extended, where instead of your local government allocating tax money, ordinary citizens could identify problems, suggest solutions and then allocate their tax rupees towards the projects they identify with the most! True democracy in action? The government knows exactly what the people want, at all times and plays more of an enabler role. Such a radical new way of looking at democracy is what author Steven Johnson suggests in his book - Future Perfect. Today's technology does provide us the opportunity to experiment with new forms of community development. This is especially critical in a large complex country like India, where top-down planning often runs into vested interests - Comment Advt:Affordable Housing Schemes in Dubai with Post hand over payment plans Affordable Housing Schemes in Dubai with Post hand over payment plans China on boil: Should India be worried? Although global stock markets are bleeding, India stands to gain on many counters. Here is some advice by leading experts. L&T Mutual Fund looks to sell 49% stake to finance expansion plans L&T Mutual Fund, ranked 14 by assets, is looking to sell a 49% stake to a strategic partner to raise capital to expand its distribution reach across smaller towns. Is your business fail-proof? Despite thorough validation work, the truth, which most start-ups seem to forget or ignore, is that they are still testing their hypothesis Indian banks are too stressed out The RBI’s elegant technical analyses on bad debts is all very well, but it needs to shake up the system India has 'inherent resilience' to tackle global slump: Finance Ministry Seeking to soothe jittery investors after a massive plunge in stock markets, the Finance Ministry today said the domestic economy has "inherent resilience" to withstand global volatility triggered by China fears and the RBI and government are keeping a close watch. The worst is definitely over for corporate earnings: Samir Arora The Helios Capital Management founder on how India has a strong case while the world is lacking long-term growth markets Valley has gone viral…India looks good ET brought together some of India's brightest startup entrepreneurs for a chat with Michael Moe, the founder of GSV Asset Management, a big Silicon Valley investor. Over two hours, everything thats startup was discussed threadbare and, unsurprisingly, there were some fascinating insights. Government mulls part stake sale in Axis Bank The government is considering the sale to meet its asset sales target, Bloomberg TV India tweeted its newswire report which cited unnamed sources. CPSEs asked to pay 30% dividend, PSUs like Coal India to issue bonus shares CPSEs asked to pay 30% dividend, PSUs like Coal India to issue bonus shares - The 14th Finance Commission (FFC) had remarked that unlike operational matters in which the Board and management should have autonomy, transfer to reserves and payment of dividends is a policy matter which the government, as owner, should decide. RBI Governor Raghuram Rajan & other bankers lead campaign to clean up banking system Given the relentless pursuit by bankers, valuation expectation of promoters are also getting realistic and transactions are beginning to happen. IDBI Bank hires seven banks to raise Rs3,771 cr via QIP issuance The fund raising will help IDBI Bank to bolster its balance sheet as it seeks to rein in bad debts that totaled 6.9% of its loans at the end of September China rout: Investors lose Rs 2.5 lakh crore as Dalal street record steepest fall in 5 months Indian stock indices recorded their biggest single-day fall in five months on Thursday to close 2.2% down at a 19-month low. Quikr buys online real estate portal Commonfloor.com Commonfloor will have access to Quikr’s 30 million consumers and the combined entity will have 2 million real estate listings, the companies said in a joint statement Was US Fed hike trigger for yuan depreciation, market crash? With PBOC loosening monetary policy while the Fed tightens, the burden on the yuan, already under downward pressure on account of capital outflows, has risen ARCs buy Rs10,000 crore of bad loans in October-December Amount marks significant increase from the Rs6,000 crore of assets bought by asset reconstruction companies in first six months of this fiscal year Cabinet approves ‘Stand Up India’ scheme, credit guarantee fund for Mudra Yojana to be created ​The cabinet also approved conversion of MUDRA Ltd, a non-banking financial company, into MUDRA Small Industries Development Bank of India (SIDBI) Bank. Mountain comes to Abdullah! Tatas knock on startups' door Indias largest conglomerate the Tata Group is seeking the help of startups to help it roll out its much-awaited ecommerce venture. Open multi-brand retail, e-commerce, education to more FDI: India Inc. The government should further ease Foreign Direct Investment (FDI) norms, especially in sectors such as multi-brand retail, education and e-commerce -- where its stance has been ambivalent till now, Famous for its pickles, Mother's Recipe launches online store Mother's Recipe today announced the launch of its online store to retail food products and enable it to reach a wider segment of consumers. Toshiba to exit home appliance, TV business in India as losses mount, exploring options for licensing brand or tie-up with Indian company Toshiba has informed key trade partners and dealers in India about its decision and has stopped importing goods for over a month now. Net Neutrality: And the Vigil Continues at the Gate Will India win net neutrality battle? Videocon-Telenor 4G deal hinges on four key circles The Videocon Groups plans to sell its 4G spectrum to Telenor seem to have run into a glitch, with the Norwegian carrier wanting to buy airwaves in four circles. 'Sony Mobile set to turn profitable from next year' Kazuo Hirai has been leading a transformation at Japanese electronics giant Sony. Once a global powerhouse in electronics, Sony has been trying to re-invent itself in an era where smartphones define top-line and some of its core businesses like televisions face stiff competition. Is Half an Internet Better Than No Internet at All? A whopping 81 percent in a survey of 30,000 people have voted against Free Basics or any such programme and want an unbiased or neutral internet for themselves, a survey conducted by citizen engagement platform LocalCircles said here on Thursday. Facebook: The phone number is dying This means Facebook Messenger has more active monthly users than rivals Snapchat and Viber, but still lags the 900 million using WhatsApp, also owned by Facebook. In India, Mobile Apps are Transforming Agriculture Technology is helping farmers grow purposefully and more profitably. Telecom ministry open to allow experiments by Google, Microsoft Union Telecom Minister Ravi Shankar Prasad is open to allowing experiments by Google, Microsoft and others to address digital challenges of future. Chinese online travel major Ctrip.com International agrees to invest $180 million in India's largest online travel company MakeMyTrip.com Chinese online travel major Ctrip.com International has agreed to invest $180 million in India's largest online travel company, Nasdaq-listed MakeMyTrip.com, Myntra signs an exclusive deal with US-based apparel, equipment and footwear retailer The North Face to sell its merchandise in India from January 11 The North Face, founded in California in 1966, is an outdoor product company specializing in outerwear, fleece, coats, shirts and more. Myntra's revenue during the two-day 'End of Reason Sale' earlier this month jumps 20 times Myntras revenue during the two-day ‘End of Reason Sale earlier this month jumped 20 times, according to a top executive at the company. Flipkart Backed MadRat Games Unveils Wearable Gaming Platform for Kids In CES 2016 The so called super suit, consists of a digital vest that lights up and talks. Also the suit comes with a pair of gloves that can control different devices and target opponents. Why it is getting tough for Facebook's Free Basics plan in India? Facebook's global push for Free Basics service on the Web meets stiff resistance in India. What are the changing realities for India's start-up market? Over the next few months, it won’t be surprising to see more start-ups, across sectors, give in to down rounds or at best raise fresh capital at flat valuations Facebook's Messenger app becomes the fastest growing app of 2015 by crossing 800 million users Facebook Inc's Messenger app surpassed 800 million users, the company said on Thursday, making it the fastest-growing app of 2015 according to research firm Nielsen. Technology and rising income to make India rosy, says Macquarie “India will add approximately 10 crore people to its working age population between now and 2025,” the Macquarie report said TRAI hits back at operators : Blames lack of network investment The mandate which was imposed on cellular operators, adds a rule that makes its compulsory for them to pay consumers Re.1 per call drop, subject to a cap of Rs.3 a day. Indian IT sector seeks relief from double taxation on software products from Budget 2016 Government levies service tax on a software of foreign source downloaded from internet while both VAT and service tax are levied on software purchased domestically. 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