A rare bonhomie among three private telecom companies in raising tariffs coming on the back of a bailout package by the government may have helped the telecom sector avert a crisis but the challenges haven't ceased to exist as the industry faces a cash-guzzling task of rolling out 5G networks in the coming months. The sector that provides direct and indirect employment to millions is projected to see Rs 1.3 lakh crore to Rs 2.3 lakh crore of investments in the coming years in creating robust infrastructure and building telecom and network products that have been incentivised by the government through PLI and other initiatives. After years of cut-throat competition and the apex court ruling on payment of past statutory dues left some players in the lurch, billionaire Sunil Mittal's Bharti Airtel and struggling Vodafone Idea almost in tandem raised tariffs, taking the plunge they had long been talking about.
'Kriti Sanon is an educated, well-read, articulate actress.'
Consumer anxiety is at the highest levels since the outbreak of coronavirus pandemic in India with the less affluent most skeptical about economic outlook while a majority of consumers think their income in the next six months will be lower than the pre-COVID levels, says a latest study. As per the COVID-19 consumer sentiment research by global management consulting firm Boston Consulting group (BCG) conducted between May 23 and May 28, 2021, covering around 4,000 respondents across metros, tier I, II, III, IV and rural India, 51 per cent of consumers expected their spends over the next six months to be lower. In the last round of survey conducted from July 20 to August 2, 2020, the figure stood at 40 per cent.
'We must not forget that the virus will continue to adapt itself to live with us.' 'The vaccine is the only one way we can prevent mortality.'
The Indian FMCG industry has recorded a 9.4 per cent growth in the January-March quarter of 2021, helped by a consumption-led growth and value growth by increased prices of products, especially of staples, said data analytics firm Nielsen. The rural market continued to perform with strong growth of 14.6 per cent during the period and the metro markets have registered a positive growth after two quarters. Fast Moving Consumer Goods (FMCG) industry sales growth from the traditional trade channels jumped to double digits, while growth in e-commerce normalised down to single digits in the January-March quarter.
'Investors need to diversify at least 30% to 50% of their liquid wealth across different markets, asset classes, and instruments across the world.' 'Do this with proper guidance and advice.' 'Global investing is complicated, but if done right, is extremely rewarding.'
'People are getting back to work.' 'The worst seems to be over.' 'It is very likely that the recovery is mostly among the informal, self-employed, workers who cannot afford to be away from work for too long,' notes Mahesh Vyas.
The 1.47-minute video also has a few glimpses of the prime minister's daily walk from his home to his office within the Lok Kalyan Marg residence.
Falling incomes and longer winter to translate into lower demand for at least some months.
Overall, India had 451 million internet users at the end of March this year, second only to China in terms of monthly active internet users, the Internet and Mobile Association of India (IAMAI) said in its report titled 'India Internet 2019'.
'Sanjeev Kumar was my favourite actor. But no one can compare with Amitabh Bachchan.'
Modi said the coronavirus pandemic made people learn new things.
This step by the Modi government is in the right direction and will go a long way in safeguarding the interests of socially and economically backward communities, asserts Professor T V Kattimani, Vice-Chancellor, Central Tribal University, Andhra Pradesh, Vizianagaram.
This rise was spurred by record kharif sowing - after a good rabi season - that ensured high disposable incomes in rural India.
'An entrepreneur should always remain under pressure or he will die,' Vineet Rai tells Anjuli Bhargava.
Sanjiv Mehta, chairman of the country's largest consumer goods company, HUL, believes that the second wave of the Covid-19 pandemic between April and June this year has been a mere pause in India's consumption story, and that it will not change the country's overall growth trajectory. India is poised for growth, especially in the fast-moving consumer goods (FMCG) sector, Mehta told shareholders at the company's annual general meeting on Tuesday. The signs of recovery are becoming evident with many states lifting lockdown restrictions in recent weeks.
In a bull-case scenario it sees the Sensex at 61,000 levels, while it's bear case scenario pegs the Sensex at 41,000 levels by December 2021.
Although demonetisation and improper implementation of GST along with falling prices are being blamed for much of the distress in rural India for some time, experts believe those may not be the only reason.
"It seems some people cannot digest that more women, SC, ST and OBC community members are becoming ministers", Modi said, and noted that several new ministers are children of farmers and also belong to OBC communities,
Without directly referring to the farmers' agitation, which entered the 17th day on Saturday, Modi said agriculture reforms as part of government efforts are aimed at removing roadblocks, and the new laws will also bring in technology and investment in the sector.
Besides growing tech and digital enhancements, the firms are ramping up the hiring of more delivery partners and reinforcing existing Covid protocols.
Expressing regret that some have created "misconception in a planned manner" in the hearts of protesting farmers on these farm laws, the minister said however the government is constantly engaging with such farmer unions.
While companies have not launched too many products in rural areas of late, easy financing has helped push up demand.
For years it has been evident that fibre and DTH would give tough competition to cable in India where regulatory overload has mutilated an already warped industry structure. OTT added fuel to the fire. From Rs 27,000 crore in 2010, cable's share of subscription revenues is now estimated at Rs 13,000 crore.
Newspaper readership was 50 per cent in the 16-19 year age group, the highest in any age segment, followed by 42 per cent each in the 12-15 years and 20-29 year age group.
Rural inflation running higher than urban: HSBC
With social distancing in customer's mind coupled with the government's push to further normalise business conditions and banks becoming more considerate to finance vehicles, entry level passenger vehicles saw good demand.
A major reason for the decline in the consumption of kerosene was an increase in the number of LPG consumers in rural India after the government launched the Pradhan Mantri Ujjwala Yojana. in 2016.
'People are doing a lot of trading.' 'Short-term euphoria can be seen.' 'Retail participation is best through MFs and PMS.'
'While most companies were bullish before the second wave of double-digit sales growth in FY22, that may not be the case now.'
Dangal's and Shemaroo's entry shows there is ad-supported gold at the bottom of the Indian consumer pyramid if you can keep the costs low.
The 30-day moving average of the unemployment rate had climbed up much ahead by January 6, to 7.8%, says Mahesh Vyas.
SVAMITVA is a new government project that primarily aims to demarcate abadi areas that includes inhabitant land, inhabited areas contiguous to abadi and wadis/basties in rural areas, using drone surveying technology.
The Union Budget seems to have elicited a starkly opposite view from rural India compared to urbanites, says Mahesh Vyas.
Finance Minister Nirmala Sitharaman on Tuesday said there were visible signs of revival in the economy but the GDP growth may be in the negative zone or near zero in the current fiscal.
'Someone will say he was a good guy, others may say it's good that he is no more.'
The Centre has ruled out door-to-door vaccination of people and said the inoculation will be done at identified COVID Vaccination Centres, both government and private, registered on COWIN for 'good, germane and rational reasons'.
The government's capex spend is expected to rise and much of this is likely to be focussed on rural India, particularly for housing, roads and irrigation.
Agriculture Minister Narendra Singh Tomar on Wednesday said the government will continue with reforms in the farm sector as they are still due in many areas, even as he reiterated his hope that protesting farmers will soon come forward to resume their dialogue with the Centre to resolve their concerns over three new laws.
'The prime minister bought spectacles from Germany to see the eclipse, but he cannot see that an eclipse has fallen on the country.'
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