Business Today June 2016

In 2003, the global economy started growing rapidly, after two years of lacklustre growth following the great tech crash of 1999/2000. The growth peaked in 2006, and the year 2007 continued to be nearly as good. In the western countries, the growth was largely fuelled by a housing bubble and a boom in the financial markets that were creating and trading in all sorts of exotic instruments. Only a small fraction – less than 10 per cent by some estimates – went to businesses that were not in the real estate or finance sectors. In developing countries – especially the BRIC nations – growth was driven more by real industrial capacity creation and growing consumer demand. Among the corporate houses in India, this was a time of great optimism and…

Utterly Butterly Delicious Amul! This refers to your cover story on the dairy market (The 80,000-crore Milk Market, June 5). The value-added products market has exploded exponentially over the past few years. The journey of the “utterly butterly delicious” Amul – as I remember – towards becoming the biggest cooperative movement is quite interesting to read. Being the largest producer of milk and dairy products in the world, India has experienced tremendous growth in per capita availability of milk over the past five years. Also, it is a proud moment for the unorganised sector, comprising small farmers, which accounts for a major share of the Indian dairy products market. Kudos to the BT team for bringing out such a nice analytical piece on this white gold. Namita P., Faridabad…

16 272.34 CRORE the combined net loss of 20 public sector banks for the fourth quarter ended March 2016, as the bad loans situation worsened. Punjab National Bank led the way with`5,367.14 crore, followed by Bank of India at `3,587 crore and Bank of Baroda with `3,230 crore. Allahabad Bank reported a net loss of `581.13 crore. HIGH-FLYING PLEDGE After scripting one of the most remarkable turnaround stories of recent times, Ajay Singh, Chairman and Managing Director of SpiceJet, may finally start taking a salary – for the first time since he took charge of the ailing budget carrier in January 2015. Singh had promised not to take remuneration till the time the Gurgaonbased company was profitable for a full fiscal year. DESI BABU ANGREZI MIND In a fresh salvo…

08 - 10 INCLUSIVE GROWTH WHAT: International Forum on Urban Policy for Sustainable Development Goals WHEN: June 8-10, Seoul WHAT TO LOOK FOR: Idea exchange on how to facilitate and support cities in making human settlements inclusive, safe, resilient and sustainable and identify practical approaches and programmes for sharing policy experiences, best practices, as well as innovative technologies with all UN member countries. 14 ECONOMIES OF SCALE  WHAT: Enhancing the Ease of Doing Business for MSMES WHEN: June 14, New Delhi WHAT TO LOOK FOR: A policy roundtable on enhancing ease of doing business for MSMES. The event will devise strategies to improve the outreach of regulatory reforms, including the Udyog Aadhaar initiative and the new MSME policy, among others, on the basis of key suggestions from all stakeholders. 21…

India's GDP expanded 7.1 per cent in the December 2015 quarter and 6.7 per cent in the December 2014 quarter. Though there has been some pick-up from where the UPA-II left, in December 2009 and December 2010 quarters (the first two years of UPA-II), the figures were 6.5 per cent and 8.3 per cent, respectively Growth in industrial production was 2.8 per cent and 2.4 per cent in 2014/15 and 2015/16, respectively. The figures were 10.5 per cent and 7.8 per cent, respectively, during the first two years of UPA-II (2009/10 and 2010/11). Here, too, there has been a pick-up from the contraction seen in the last few quarters of UPA-II FDI inflows over the 12 months starting October 2014 (Make in India was launched in September 2014) rose 29…

BHARATIYA MAHILA BANK IS A CLASSIC EXAMPLE. JUST A YEAR BEFORE UPA’S SECOND TERM CAME TO AN END, THE CONGRESS-LED GOVERNMENT PULLED OUT ANOTHER RABBIT FROM ITS HAT – A WOMEN-ONLY BANK. IN QUICK TIME, THE RBI’S APPROVAL WAS SOUGHT AND THE BANK WAS UP AND RUNNING IN NO TIME. IN THE PAST ONE YEAR, THE BANK WITH 56 BRANCHES HAS EARNED ONLY `137 CRORE WITH JUST `19 CRORE IN PROFITS FOR 2015/16 P. Chidambaram Union Budget 1996/97 United Front Government Created a dedicated infra institution, IDFC, which is now a commercial bank Union Budget 2014/15 UPA Government Set up the Mahila Bank, which is now getting merged with SBI Pranab Mukherjee Union Budget 2010/11 UPA Government Was in favour of new banking licences. RBI instead issued licence to MFIs,…