A question of who deceived who or a question of systemic failure in our culture and society

Recent Article by Bharat Jhunjhunwala on How banks are deceived by companies points towards a systemic failure in our culture and society in general. So the result is, a father son duo asking for a ₹ 5 Cr. loan is scrutinized to the hilt and even a single red flag is enough for rejection while a large corporate asking for a ₹ 5000 Cr. is scrutinized to a minimum and many red flags are overlooked

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Finance in India: Business reforms or ? About Bank Mergers

As always, facts are being quoted and reported without evidence or investigations by various people groups and media. The government assumes that this will bring in efficiency and reduce dependence on both RBI and the government. Obviously the banking leaders are supporting the decision. Employees are against it citing some logic but everyone knows whats the real issue. Left as always is supporting them. Perhaps there are no independent academicians, researchers, economists or management experts in our country as they have not been quoted. No one cares or has the time to report on the hard facts.

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Local mobile brands lose market share, What present mobile business can learn from an era gone by?

In order to enhance India’s domestic manufacturing capacity and build its export capacity, the Internet and Mobile Association of India (IAMAI) has called for an assessment of the impact of the phased manufacturing programme (PMP), which has seen limited success, causing local mobile phone brands to lose their market share.

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Example of how sudden demonetisation ended black money enabled markets

Since all these market stakeholders relied heavily on unaccounted cash transactions and thus could make better profits while keeping their product prices lower than those who relied on cashless transactions and followed the law of the land. Furthermore,demonetisation induced this drop in turnover suggests that 25% of the market was funded by black money and contributed ₹4000 Cr. to the black economy.

The plywood industry’s annual turnover dropped from Rs 16,000 crore in 2016 to Rs 12,000 crore now. 350 plywood manufacturing units shut down , as did 500 units supplying raw material; production at more than 100 units was halved. He and his wife saved Rs 4,000, and he had few complaints.

https://www.business-standard.com/article/economy-policy/how-demonitisation-ended-golden-days-of-workers-in-india-s-plywood-capital-119052200148_1.html
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“We don’t verify and evaluate it” – MCA secretary Injeti Srinivas 🤣【Yes we know】

File KYC or will consider you inactive, govt tells firms. About 44% of the country’s over 11 lakh active companies have so far complied with the new know-your-company (KYC) norms mandated by the Ministry of Corporate Affairs (MCA). The companies which don’t comply with the KYC norms by June 15 will be presumed to be inactive and tagged as ‘non-complaint’ on the MCA 21 portal.

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BUSINESS REORG ⦒ O&M HALYARD HEALTH IN PUNE INDIA

Formerly part of Kimberly-Clark, Halyard Health became an independent company headquartered in Alpharetta, Georgia on November 1, 2014. Now part of the Owens & Minor ( O&M ) family. Halyard Health sells sterilization wrap, facial protection, gloves, protective apparel, surgical drapes and gowns. Owens & Minor is a service provider to the healthcare industry. As far as the history and presence of O&M Halyard Health is concerned with respect to India the previous company Halyard Health has been divided into two the medical device SBU is now under a different parent while the existing business line is now under O&M. The reorganization is being undertaken by Winton Investment Advisers India.

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World’s Top 3 PET bottled water manufacturers join hands for this..

Under the terms of the four-year agreement, the Consortium partners’ ambition is to bring Carbios’ PET-enhanced recycling technology to the market and increase the availability of high-quality recycled plastics to fulfill their sustainability commitments. The collaboration includes technical milestones and support for the efficient supply of consumer-grade, 100% recycled PET plastics for global markets.

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