2. UNDERTAKING BY STUDENT
1. I MISS. DIVYA SUTAR HAVING ADMISSION NO. HPGD/JL23/2846
2. , DECLARE THAT PROJECT WORK FOR WE LIKE IS MY OWN WORK CONDUCTED AS PART OF MY
SYLLABUS.
FURTHER DECLARE THAT PROJECT WORK HAS BEEN PREPARED PERSONALLY BY ME AFTER VIEWING
THAT CONTENT UNDER “WE TUBE” , “ WE LOUNGE ” & “NEWSWIRE” AND IT IS NOT SOURCED FROM
ANY OUTSIDE AGENCY OR ANY OTHER STUDENT.
I UNDERSTAND THAT ,ANY SUCH MALPRACTICE WILL RESULT INTO I BEING DEBARRED FOR THE
SUBJECT VIVA AND WILL BE CONSIDERED FAIL FOR THAT PROJECT. I ALSO UNDERSTAND THAT I WILL
HAVE TO FACE VERY SERIOUS CONSEQUENCES AND MY ADMISSION TO THE PROGRAM WILL BE
CANCELLED WITHOUT ANY REFUND OF FEES .I AM ALSO AWARE THAT ,I MAY FACE LEGAL
ACTION ,IF I FOLLOW SUCH MALPRACTICE.
HEREBY ABIDE TO TAKE THE VIVA FACULTY’S DECISION AS FINAL FOR EVALUATION OF PROJECT WE
LIKE.
MISS. DIVYA SUTAR
4. 1.THE FIRST IMPRESSION
o THE FIRST IMPRESSION IS BASED ON HOW A PERSON LOOKS AND HOW A PERSON CONDUCTS
HIMSELF. A FIRST IMPRESSION IS MADE IN THE FIRST 10 SECONDS OF ENCOUNTERING A PERSON.
o ACCORDING TO THE STUDY, IT TAKES 7 TO 8 YRS TO CHANGE AN IMPRESSION ABOUT SOMEONE.
o VISUAL IMPRESSION IS THE FIRST IMPRESSION WHEN THE PERSON ENCOUNTERS ANOTHER PERSON.
o HOW PEOPLE ARE PERCEIVED WHEN THEY FIRST MEET :
VISUAL – 55% (HOW THEY LOOK)
VOCAL – 38%(HOW YOU SOUND)
VERBAL – 07%(WHAT YOU SAY)
o AS A PROFESSIONAL , THE IMPRESSION THAT YOU HAVE TO GIVE IS THAT:
COMPETENT
KNOWLEDGEABLE
PROFESSIONAL
TRUSTWORTHY
5. HOW TO CREATE A GOOD FIRST IMPRESSION ?
o Be on time.
o Be positive.
o Be confident.
o Be decent and dress appropriately.
o Be calm and composed.
o Be attentive.
HOW TO DRESS?
o Dress with flair and a sense of fashion.
o Clothes –are the confidence builders.
o Must be right for the occasion
o Should suit you and fit your frame.
o Well pressed and clean.
o Must reflect your aspirations.
o Colors must not flash.
o Wear expected code of dress.
6. 2. SIX THINKING HATS
o THINKING IS AN ULTIMATE ASSET OF HUMAN LIFE. IT IS THE ULTIMATE HUMAN RESOURCE
IN MANAGEMENT.
o THE ABILITY TO THINK IS THE GREATEST GIFT TO MANKIND AS IF THE THOUGHTS APPLIED
BY HUMANS IN THE RIGHT DIRECTION ,IT WILL SIGNIFICANTLY IMPROVE OUR
PERFORMANCE IN OVERALL LIFE.
o CONFUSED THINKING ARISES FROM TRYING TO DO TOO MUCH AT ONCE WHICH IS
KNOWN AS MULTI-TASKING.
o CONCEPT OF SIX THINKING HATS HAS BEEN INTRODUCED TO AVOID CONFUSION IN
LIFE:
IT IS A CONCEPT BY EDWARD DE BONO.
IT IS A POWERFUL TOOL TO LOOK AT DECISIONS FROM A DIFFERENT PERSPECTIVE.
IT HELPS US MOVE AWAY FROM OUR HABITUAL THINKING AND FOCES TO THINK DIFFERENTLY.
HELPS US TO SWITCH OUR VIEW OR ATTITUDE.
7. According to Edward Bono, there are 6 thinking hats:
o White hat – It contains all the facts and data. It’s role is to be neutral and objective.
o Red hat – It is all about emotions .It is all about harnessing of our emotions and channelizing
them in the right direction.
o Black hat – It stops us from doing something illegal ,immoral or unwise. It identifies risks,
obstacles ,weaknesses to be overcome.
o Yellow hat – It defines the meaning of “sunshine”. It looks upon the bright and positive aspects of
the situation.
o Green hat – It is all about creativity and growth. It reflects upon new ideas and new ways of
thinking.
o Blue hat – It sets the focus, defines the problems and determines the thinking tasks. It ensures
that the “rules of the game” are adhered to.
8. 3. KNOWLEDGE MANAGEMENT
KNOWLEDGE – WHAT IS IT ?
o IT IS A PSYCHOLOGICAL RESULT OF PERCEPTION , LEARNING AND REASONING.
o IN PHILOSOPHY, THE STUDY OF KNOWLEDGE IS CALLED EPISTEMOLOGY AND IS DEFINED AS
“JUSTIFIED TRUE BELIEF”.
o IT IS AN UNDERSTANDING OF A PERSON OR ANY FACT OR ANY SITUATION WHICH WE COULD
HAVE GOT FROM OTHER MEANS.
o IT IS A CONTINUOUS AND EVER-GOING PROCESS . IT IS A CONTINUOUS INPUT WHICH WE
PROCESS OR LEARN AND WHICH WE RETAIN WITH OURSELVES.
9. WHAT IS KNOWLEDGE MANAGEMENT ?
o Knowledge Management (KM) comprises a range of strategies and practices used in an
organization to identify, create , represent , distribute and enable adoption of insights and
experiences.
o Knowledge can support traditional mechanisms for serving customers and delivering values ,
but not replace them.
o Executing knowledge based strategy is about nurturing people with knowledge.
o Organisations leverage knowledge through networks of people who collaborate. Social
media is a powerful network to transform human knowledge.
o Company’s efforts to disseminate knowledge to it’s employees must ensure that there is no
information overload.
10. o WHAT IS INCLUDED IN KNOWLEDGE MANAGEMENT STRATEGY ?
People
Culture
Process
Enabling technologies
o SUMMARISE -
Knowledge management is the key to success going ahead.
Acquire and manage the right knowledge.
Manage knowledge costs.
Create a robust supply chain for knowledge
11. 4. IN THE WONDERLAND OF FINANCE
FINANCE IS A BROAD TERM THAT DESCRIBES ACTIVITIES ASSOCIATED WITH BANKING,
LEVERAGE OR DEBT, CREDIT AND CAPITAL MARKETS.
IT IS A TERM THAT DESCRIBES THE STUDY AND SYSTEM OF MONEY , INVESTMENTS AND OTHER
FINANCIAL INSTRUMENTS.
ACCOUNTING ALL INCOMES AND EXPENSES , ASSETS & LIABILITIES IN MONETARY TERMS IS THE
SOLE DETERMINANT OF ALL ECONOMIC ACTIVITIES OF ALL BUSINESSES , INDUSTRY , TRADE ,
COMMERCE IN ,ALSO OF FASHION DESIGNERS ,ARTISTS ,MEDIA PERSONNEL AND EVEN NGOS
LIKE CRY, LIJJAT PAPAD ETC. IN RUPEES IN INDIA ,IN DOLLARS AND EUROS IN THE WORLD.
12. There are 2 approaches to accounting :hat
What a “preparer” of accounting standards needs to know of accounting.
What a “user” of accounting information needs to know of accounting.
Financial accounting helps recording all financial transactions for
preparation of :
Trial balance
Profit & Loss Account
Balance Sheet
Cash Flow Statement
Ratio Analysis
13. Principles of Accounting
o Accounting is a science as well as an art.
o Accounting records only financial transactions in monetary terms.
o Accounting is based on the principle of going concern.
o Accounting is based on the principle of the business and the owner being separate entities.
o Accounting emphasizes consistency.
14. 5. BUILDING YOUR WINNING RESUME
o RESUME IS LIKE A VISITING CARD .
o RESUME IS LIKE A MAGNET.
o RESUME IS AN ADVERTISEMENT MEDIUM TO PROMOTE THE APPLICANT.
o THE MAIN COMPONENT OF BUILDING A WINNING RESUME IS THE “THE FIRST FEW LINES
OF THE RESUME”.
o IF THE APPLICANT WANTS TO GET HIS WORK DONE HE NEEDS TO HAVE ORIGINALITY IN
HIS RESUME. BESIDES THE RESUME SHOULD BE SIMPLE AND NOT OVER EXAGGERATED.
o BUILDING A GOOD RESUME FOR OURSELVES MEANS BUILDING A GOOD JOB FOR
OURSELVES AND WITH A GOOD WORKING ENVIRONMENT.
15. Do’s of a RESUME
o Customization
o Mention 5 reasons why you are the best fit for the job .
o State your vision statement for the job which you are applying .
o Add testimonials in your resume with the complete details of the person .
o Mention your biggest success story and your biggest failure as an additional attachment.
Don’ts of a RESUME
o Do not just cut , copy and paste your resume .
o Do not over-exaggerate your resume.
o Do not make grammatical errors in your resume.
o Don’t keep your resume outdated .
o Do not put lots of information in the resume without any meaningful content.
17. 1.Mr. Mahesh Bapat :- MD, Thread Technology (India)
Pvt.Ltd.
Roads to Entrepreneurship
o Mr Mahesh got guidance from his father for being a quality businessman as well as quality
industrialist.
o He joined the Textile Engineering course in order to get fundamental knowledge at grassroots level.
o Industrial visits gave him an insight of upcoming textiles areas and it gave him a foresight regarding
the manufacturing setup.
o Projects gave him exposure to the business area.
o While working at Mafatlal Eng. for 2 years Mr. Mahesh interacted at shop floor to understand the
mechanism of machinery and how that machine converted that product into finish part. He worked
for other companies for 5 years where he grasped all technicalities with engineering background.
Journey from Job to Entrepreneur
o Mr Mahesh used his relationship management with his suppliers and customers.
o Bank became on of the funding factor for the business.
o Machinery were selected keeping in mind the customers requirement and is well equipped with
latest technology available in the international market.
18. Current Company Setup
o 2 units are setup currently.
o Started search engines in different areas, appointed agencies for enquiries to analyse the needs of the
customers and accordingly adopt the thought, thought into product and product into service.
o They have an all India presence.
Quality Norms, Marketing and Vision.
o Match to the International Quality Norms. And registered for ISO 2000.
o Created a Quality control departed and linked with the Labs.
o Marketed the Brand by making the product available at all the exhibitions.
o Conducted Bi- Literal trade with China.
o His vision and envision is to float an IPO in next 4-5 years and they are currently working on the ground
work.
o He gave a message that whatever opportunities came across we should to strict to our principles and
ethics.
19. Vision message to Students
o To face a competition, concentrate on your product.
o Being a Welingkar Student he said that Welingkar Institute acted as a catalyst in polishing business
skills.
Balance between a Work Life and Personal Life
o Mr. Mahesh has a backing of his family.
o He doesn’t mix any activities.
o He shared a thought that he plans his day in the early morning itself.
Future Activities & Nation
o Planning for CSR Activities. Currently adopted schools and provide medical help to needful people.
o Expansion of Business
o Match the Best players in the Market
20. 2. Mr. Paresh Parasnis:- Head – Piramal Foundation,
Piramal Health Care
Introduction of Paresh Parasnis
Worked with Hindustan Unilever, Sunrise Industry (insurance industry), HDFC (Executive Director
COO and Chairperson)
Scope of Work in Piramal Group : Corporate Social Responsibility Activities
Major Strengths
o Strategy Formulation
o Project Management
o Consulting
o Credit Controller and Financial Analyst programs funded by multi lateral agency
o Time management
o Building Customer friendly module in the Business Segment
21. Design of the Road Map
o Mr Paresh Parasnis was pursuing Chartered Accountancy and was interested in gaining corporate
experience in financial services.
o While pursuing Chartered Accountancy he underwent an industrial training in Centralised Accounting
function and also got a chance to work in a new project of Hindustan Unilever(HUL) which gave him the
grounding of how corporates work.
o At the time when he was working with Housing Development Finance Corporation(HDFC) , the company
was just six years old.
Challenges faced at Work Place
o Mr Paresh Parasnis started with a zero experience.
o He stated that he came from a middle class Indian family where he was the first CA in his family and there
was no one to guide him. He hence had to figure out things by himself
o He considered the Obstacles as Opportunities.
o He started working on developing his speaking and writing skills , since communication is most important
aspect in corporate world.
o He picked up a reading habit and started attending lectures and watched English movies.
o He started adjusting to the corporate sector which he says is the most critical part. For this he interacted
with his senior folks and got things done even when he was not authorised.
o He advices that we need to keep our eyes and ears open and modify our ways of handling situations and
that one should always be on a “Learning Curve”.
22. Roles and Responsibilities at HUL
o Mr Paresh Parasnis considers that working with HUL was mostly a training than a job.
o While in HUL he got an opportunity to work on Kandla project where he was the junior most member.
o The project was still being conceived, where he learnt concepts of “Cause Benefit Analysis”. There
were no computers and hence every calculation and reporting needed to be done manually.
o He understood the importance of Grass root and fundamental learning are essential tools to grow in
life.
Journey from Housing Finance to Marketing
o HDFC has been a first private sector mortgage company in India. In 1978 it was a very new concept
which was unknown to people due to which they resisted to invest money for property and house.
o From being a Product Oriented company to being a service oriented company , was a major shift of
focus in the initials years of the company .
o HDFC gave top notch customer service example in the period when there was no competition and
kept a “Customer centric focus”. HDFC helped the customers to buy house and properties and also
worked with customers which were seeking jobs or newly started working despite of difficulties ensuring
loan not reprised but at same time family keeps the house.
o With the customer centric attribute, products and no robust technology HDFC had lowest NPA and
unsurpassed Cost ratio across the globe.
23. Mortgage facilities at HDFC
o HDFC helped customers identify good property at the time when customers were unaware of projects.
o “Step up repayment facility” concept was introduced which means repay at the level of income
earned.
o Floating Rate Loans concept was introduced.
o The products were designed looking at the customers requirement and working with companies(lines of
credit) i.e. outsourcing of activities of the company , HDFC became a funding company and carried
out backend finance processes.
o HDFC’s business evolved in keeping customer expectations in one hand and working with property
developers to say what customers expect and how properties should be developed. Moreover it
conducted B2C and B2B business.
Vision and Hurdles faced
o HDFC’s vision was to give middle class roof on their heads, help Indians secure their future and serving
customers and securing their financial health.
o The biggest challenge faced by HDFC was creating and establishing trust with end customers, agents
and banks since it was at its initial stages and LIC was 100 percent dominant and had a huge standing
in the market.
o The next challenge was working with regulators, IRDA and ministry of finance in developing the
regulatory framework of the company.
24. Strategy of existence with competitors
o USP of HDFC – growth strategy would not go after market share but will be dictated by what is fair
and equitable to all stakeholders (customers and distributors) and strategy design should be such that
interest are protected, equitable and no one loses into the bargain.
o HDFC is a quality company and not a quantity company.
CSR Activities
o Piramal is giving back to the society from personal equity.
o Mr Paresh considers it process of continuous evolution of learning new all the time. He is using his 30
plus years of experience in making contribution. He works with micro finance units and is taking life
insurances to rural areas and considers this as working at a grassroots level.
o Work with head masters, to improve their leadership qualities, work with state govts, schools, partner
the principles and head master to how teaching can be improved. Piramal fellowship – two years
fellowship, 1600 hrs curriculum, structured programs
o Healthcare programs, public pvt partnership, 700 plus protocols
o Use of technology to reach remotest place
o Service focused on clean drinking water – access to areas which are water deprived at a lower cost.
Technology driven ways to make a service available and makes project sustainable.
Rural livelihood, works with women employees in Rajasthan
25. Mr Paresh Parasnis Guru mantra for youngsters
o Currently students have many options, they need to acquire the ability to figure out the suitable
option and staying with that option.
o Keep sharpening the saw. Keep upgrading , be on learning curve all time.
o There is access to variety of sources take that advantage.
o Take efforts to build your personality on soft skills, communication skills come up with solutions,
teamwork, adjustment to dynamic corporate.
o Don’t be afraid to take risks.
o Live life in your own terms. Build your life. Stay hungry stay foolish
o Corner stone – Don’t compromise on values and ethics
26. 3.Mr. Apurva Sircar:- Head – Brand, Insight, PR & Digital
Marketing VP at IDBI Federal Life Insurance.
Introduction
o He comes with extensive experience of how to make brands more relevant and attractive to consumers,
by using faculties of both the left brain and the right brain.
o He has demonstrated ability at leading and managing the marketing function in diverse industries, across
durables, FMCG, frequent use financial service and long tem financial services.
o He has a passion for inculcating and maintaining positive environment around him.
Journey to about your career
o He got a tradee shift asked for the academy.
o He spent month and a half and goted the Project about learning too much.
o He handle hands on hands events and international conference.
o He handle the launch of Hero Honda motor bike shoot on Delhi.
o After he passed out in management school he joined blopast industry now he called VIP Industry he
learned about consume lugged, emtire purchase etc.
27. What about insurance?
o Third Party insurance in marketing in there are channels of sales. in this have aganecies strength of life
insurance companies is agencies that is owned by the company because agent can sale only one
company product
o Third party distributions which called as bank insurance which is selling insurance through the bank.
Which is broking which selling through the warehouses.
What has been your biggest strength in all these years?
o Equinity of mind
o Maintaining the balance in situation
o Remain clam
o Achievement
o People skills
o Observation
28. What is secret of Success?
o Don’t have any secret of success
o Little achievement ,Motivation, Learning new things and changing the structure of way of
all thing.
What are the messages for Professional of welingker?
o Don’t be scared for anything and new
o Be discipline its makes the who the person you are
o Focused on plan , Goals, Structure
o Experiment with the new
30. 1. INCREASE IN FOREX RESERVES OF INDIA
o A SMALL CONCISE ARTICLE ON INDIA’S INCREASING FOREIGN EXCHANGE RESERVES AND
THE GROWTH PROJECTIONS BY RBI EXPRESSED IN TERMS OF DOLLARS.
o INCREASE IN INDIA’S FOREX RESERVES IS DUE TO THE JUMP IN THE FOREIGN CURRENCY
ASSETS( FCAS). THIS RESULTED IN THE INCREASE IN SPECIAL DRAWING RIGHTS WITH THE
INTERNATIONAL MONETARY FUND(IMF) AS WELL AS A RISE IN THE COUNTRY’S RESERVE
POSITION WITH THE IMF.
o DATA , STATISTICS AND ANALYSIS OF THE SAME CONDUCTED BY RBI IS A RESULT OF INDIA’S
PATH TOWARDS PROGRESS IN TERMS OF ITS GROWING EXPORTS AND GROWING
ECONOMIC STRENGTH.
31. o The Government Of India is trying to boost the exports to increase the foreign
exchange reserves. It is also trying to give a boost to the concept of Atmanirbhar
Bharat viz “Self reliant India” to diversify and cut dependence on imports especially in
the sectors of Oil and Natural gas and in the defence sector.
o The Indian Government is also trying to boost indigenous production of weapons to
save our foreign exchange reserves and also diversifying and trying to stabilize oil
prices to save our foreign spending.
o Increasing forex reserves is an indication of India’s emerging and fastest growing
economy as well as its growing stature on the world stage.
32. 2. RISE IN WHEAT EXPORTS OF
INDIA IN APRIL-OCTOBER PERIOD
o THIS ARTICLE TALKS ABOUT INDIA’S RISING WHEAT EXPORTS DURING THE PERIOD OF APRIL-
OCTOBER PERIOD .
o ACCORDING TO THE COMMERCE MINISTRY, INDIA'S WHEAT EXPORTS JUMPED TO USD 872
MILLION DURING APRIL TO OCTOBER IN THE CURRENT FISCAL ON ACCOUNT OF HEALTHY
DEMAND.
o “INDIA’S WHEAT EXPORTS IN THE CURRENT FISCAL ROSE BY 546 PERCENT TO USD 872 MILLION
FROM USD 135 MILLION REPORTED DURING THE SAME PERIOD OF THE PREVIOUS FISCAL” ,THE
MINISTRY SAID.
o THIS ARTICLE SAYS THAT, WHEAT EXPORTS ARE EXPECTED TO ACHIEVE AN ALL TIME HIGH IN IN
VOLUME TERMS IN THE CURRENT FISCAL.
33. o This article talks about India’s rising wheat exports during the period of April- October
period .
o According to the Commerce Ministry, India's wheat exports jumped to USD 872 Million
during April to October in the current fiscal on account of healthy demand.
o “India’s wheat exports in the current fiscal rose by 546 percent to USD 872 million from
USD 135 million reported during the same period of the previous fiscal” ,the Ministry
said.
o This Article says that, wheat exports are expected to achieve an all time high in in
volume terms in the current fiscal.
34. o India’s wheat exports are mainly to the neighbouring countries with Bangladesh having
the largest share of more than 54 percent in both volume and value terms in Financial
Year 2021.
o Other major wheat export destinations include Nepal , United Arab Emirates, Srilanka,
Yemen , Afghanistan, Qatar , Indonesia ,Oman and Malaysia. These 10 countries
account for nearly 99% percent share of exports in both volume and value terms for
Financial Year 2021.
o This article says that though India is not among the top ten exporters of wheat in the
global trade ,still its rate of growth in exports have surpassed all these countries.
o India accounts for less than one percent of the world wheat exports. However, its share
has increased from 0.14 percent in 2016 to 0.54 percent in 2020.
o As also, India is the second largest producer of wheat with a share of around 13.53
percent of the world’s total production. The country produces 107.59MT (metric ton) of
wheat , the chunk of which is gone in domestic consumption
35. 3. $ 100 MN INVESTMENT BY OLA IN UK
o THIS ARTICLE TALKS ABOUT UPCOMING PLAN OF OLA TO INVEST IN THE SERVICE INDUSTRY IN
UK.
o IT SAYS ABOUT OLA’S INVESTMENT OF OVER USD 100 MN (ABOUT RS 750 CRORES)OVER THE
NEXT 5 YEARS AND SETTING UP A GLOBAL CENTRE FOR ADVANCED ENGINEERING AND VEHICLE
DESIGN CENTRE IN UK.
o THE CENTRE CALLED –THE OLA FUTURE FOUNDRY –WILL BE BASED IN COVENTRY ,UK AND WILL
WORK IN SYNC WITH THE DESIGN AND ENGINEERING TEAMS BASED AT OLA CAMPUS IN
BENGALURU.
o IT WILL HOUSE GLOBAL TALENT ACROSS MULTIPLE DISCIPLINES OF 2W AND 4W VEHICLE
DESIGN ,ADVANCED HIGH PERFORMANCE AUTOMOTIVE ENGINEERING, DIGITAL AND
PHYSICAL MODELLING AND MORE.
36. o The Centre will also house talent that will focus on vehicle R&D around new energy
systems including cell technologies. The Centre will also partner with world class
education and research institutions in the UK to collaborate on technology research
and development.
o The OLA Founder and CEO Mr. Bhavish Aggarwal said that ,”They are building the
future of mobility and continue to attract the best global talent across disciplines”.
o He also says , that it will enable his company to tap in to the fantastic automotive
design and engineering talent in the UK to create next generation of electric vehicles.
o He also stressed that Future Foundry will work in close collaboration with the
Company’s headquarters in Bengaluru to help build the future of mobility as it tries to
make EVs affordable across the world.
37. 4. SRILANKA INVITES MORE INDIAN INVESTMENTS IN ITS
VARIOUS SECTORS
o THIS ARTICLE TALKS ABOUT SRILANKA INVITING MORE INDIAN INVESTMENTS IN ITS PORTS,
INFRASTRUCTURE, ENERGY AND MANUFACTURING SECTORS .
o AFTER NEW DELHI ANNOUNCED A USD 900 MN LOAN TO COLOMBO TO BUILD UP ITS
DEPLETED FOREIGN RESERVES AND FOR FOOD IMPORTS AMID SHORTAGE OF ESSENTIAL
COMMODITIES , SRILANKA HAS NOW URGED INDIA TO INVITE MORE INDIAN INVESTMENTS IN
ITS VARIOUS SECTORS .
o SRILANKAN FINANCE MINISTER MR. BASIL RAJAPAKSA HELD TALKS WITH EXTERNAL AFFAIRS
MINISTER DR. S.JAISHANKAR DURING WHICH THEY DISCUSSED PROJECTS AND INVESTMENT
PLANS BY INDIA THAT WOULD STRENGTHEN THE ECONOMY OF THE ISLAND NATION .
o ACCORDING TO THIS ARTICLE, MR. RAJAPAKSA THANKED INDIA FOR THE ECONOMIC
PACKAGE AND WELCOMED MORE INDIAN INVESTMENTS IN SRILANKA AND ASSURED THAT A
CONDUCIVE ENVIRONMENT WOULD BE PROVIDED WHICH WOULD BENEFIT BOTH SIDES
38. o Srilanka signed an agreement with India to jointly redevelop the World War –II Era oil
tank farm in the island nation’s Trincomalee in a new milestone in bilateral economic
and energy partnership .
o India’s extension of USD 400 MN to Srilanka under the SAARC Currency Swap
Agreement and deferral of A.C.U Settlement of USD 515.2 MN by two months are a
key assistance in the current Srilankan foreign currency crisis .
o Dr. S. Jaishankar conveyed India’s support to Srilanka and said it will continue to
stand by it in all possible ways for overcoming the economic and other challenges
posed by Covid – 19 pandemic .
o Top Srilankan Economist Mr .W.A.Wijewardena said that India’s economic package
has given some breathing to Srilanka but an IMF bailout is necessary to prevent the
economy from heading in to a perpetual tailspin .
39. 5. INDIA TO OVERTAKE JAPAN AS 2ND
LARGEST ECONOMY IN ASIA BY
2030
o THIS ARTICLE TALKS ABOUT INDIA OVERTAKING JAPAN TO BECOME ASIA’S 2ND
LARGEST ECONOMY BY 2030 .
o CURRENTLY, INDIA IS THE SIXTH LARGEST ECONOMY IN THE WORLD BEHIND THE US ,
CHINA, JAPAN, GERMANY AND THE UK .
o INDIA IS LIKELY TO OVERTAKE JAPAN BY 2030 WHEN ITS GDP IS ALSO PROJECTED
TO SURPASS THAT OF GERMANY AND THE UK TO RANK AS WORLD’S NO. 3 .
o INDIA’S NOMINAL GDP MEASURED IN USD TERMS IS FORECASTED TO RISE FROM USD
2.7 TRILLION TO USD 8.4 TRILLION BY 2030 AS PER THE REPORT OF IHS MARKIT. THE
RAPID PACE OF ECONOMIC EXPANSION WOULD RESULT IN EXCEEDING INDIA’S
GDP TO JAPAN , THEREBY MAKING INDIA THE 2ND
LARGEST ECONOMY IN THE ASIA
PACIFIC
40. o An important positive factor for India is its large and fast growing middle class, which is helping
to drive consumer spending , forecasting the consumption expenditure to double from USD 1.5
Trillion in 2020 to USD 3 Trillion by 2030 .
o Overall ,India is expected to continue to be one of the world’s fastest growing economies over
the next decade . It is also forecasted that the Indian economy will continue to grow strongly in
the 2022-23 fiscal year at a pace of 6.7 % .
o The rapidly growing domestic consumer market as well as its large industrial sector have made
India increasingly an important investment destination in the world .
o The large FDI inflows in to India has been evident over the past 5 yrs also being boosted by
MNCs such that are attracted towards Indian market .
41. 6. BRAND INDIA CAMPAIGN LAUNCHED BY COMMERCE
MINISTRY
o THIS SMALL CONCISE ARTICLE TELLS US ABOUT THE BRAND INDIA CAMPAIGN LAUNCHED BY
INDIA’S COMMERCE MINISTRY IN ORDER TO BOOST EXPORTS .
o WITH THE COUNTRY’S OUTBOUND SHIPMENTS SET TO CROSS USD 400 BILLION THIS FISCAL
YEAR, THE BRAND INDIA CAMPAIGN IS LAUNCHED TO GIVE MOMENTUM TO EXPORTS OF
BOTH PRODUCTS AND SERVICES IN NEW MARKETS.
o THIS CAMPAIGN WOULD SERVE AS ”UMBRELLA CAMPAIGN” FOR PROMOTING GOODS AND
SERVICES EXPORTED BY INDIA. INITIALLY, THE CAMPAIGN WOULD FOCUS ON EXPORTS IN
SPECIFIC SECTORS SUCH AS EDUCATION, HEALTHCARE ,GEMS AND JEWELLERY ETC. IT
WOULD ESSENTIALLY FOCUS ON QUALITY , HERITAGE, TECHNOLOGY AND INNOVATION.
42. o Commerce Minister Mr.Piyush Goyal reviewed the status of this campaign of India
Brand Equity Foundation (IBEF). IBEF is a trust established by Department of Commerce
with the primary objective of creating & promoting international awareness of “Made in
India” label in overseas markets and to facilitate the knowledge of Indian products
and services .
o The campaign approach would include focused export orienting messaging to both
buyers and consumers , new potential markets ,Indian talent and through digital
channels and international events.
o An agency will be created and a Brand Steering Committee will be formed besides
creation of uniform logo, identity etc .
43. 7. STRONG DEMAND FOR INDIAN APPARELS TO BOOST
EXPORTS
o THIS SMALL INFORMATIVE ARTICLE TELLS US ABOUT THE STRONG DEMAND FOR INDIAN
APPARELS RESULTING IN A PUSH TO FURTHER EXPORTS .
o ACCORDING TO EXPORT PROMOTION COUNCIL CHAIRMAN A SAKTHIVEL, STRONG DEMAND
AND HEALTHY ORDER BOOKS WILL FURTHER HELP IN BOOSTING EXPORTS IN THE COMING
MONTHS .
o EXPORTS OF READY MADE GARMENTS SAW AN INCREASE OF 2.2 % TO USD 1.46 BILLION IN
DECEMBER 2021FROM USD 1.20 BILLION IN 2020. TOTAL APPAREL EXPORTS STOOD AT USD
11.13 BILLION DURING APR- DEC 2021 .
44. o The Chairman also said that Indian Apparels have bounced
back and this is despite the fact that local restrictions
impacted operations in the 1st
quarter during the 2nd
wave of
the pandemic.
o He added that two mega schemes that will help India reclaim
its global leadership position in textiles and apparels are:
Production linked incentive (PLI)
PM – MITRA (Mega Integrated Textile Region and Apparel)
o Further he added that fast tracking of trade deals with the
US,UK,UAE and EU will make Indian apparels far more
attractive .
45. 8. INDIA AMONG TOP ATTRACTIVE DESTINATIONS FOR
GLOBAL INVESTORS
o THIS ARTICLE OF FINANCIAL EXPRESS TALKS ABOUT LOAN LENT BY ASIAN DEVELOPMENT BANK(ADB) TO
INDIA OF RECORD USD 4.6 BILLION IN 2021.
o THE ASIAN DEVELOPMENT BANK COMMITTED A RECORD USD 4.6 BILLION IN SOVEREIGN LENDING TO
INDIA IN 2021 FOR 17 LOANS, INCLUDING USD 1,8 BILLION FOR THE COUNTRY’S COVID 19 PANDEMIC
RESPONSE. OF THE COVID 19 RELATED ASSISTANCE, USD 1.5 BILLION WAS TOWARDS VACCINE
PROCUREMENT AND USD 33 MILLION TO STRENGTHEN PRIMARY HEALTHCARE.
o THE ADB’S REGULAR FUNDING PROGRAM TO INDIA IS MADE TO SUPPORT TRANSPORT, URBAN
DEVELOPMENT, FINANCE, AGRICULTURE AND SKILLS BUILDING.
o ADB COUNTRY DIRECTOR FOR INDIA- TAKEO KONISHI SAID, THAT ADB WILL CONTINUE TO SUPPORT THE
INDIAN GOVERNMENT IN IT’S FIGHT AGAINST COVID 19 AND OTHER DEVELOPMENT PRIORITIES LIKE
CREATING MORE JOBS, IMPROVING CONNECTIVITY ETC. HE ALSO ADDED THAT ADB WILL CONTINUE
TO SUPPORT LESS DEVELOPED STATES THROUGH THE PROVISION OF BASIC INFRASTRUCTURE AND
INSTITUTIONAL CAPACITY BUILDING.
46. o The Bank extended a USD 2.2 billion support for 12 state projects, committed to it’s
geographically balanced programming. The funding body said it’s strategic
management with states will include knowledge support to navigate their emerging
development challenges.
o The ADB’s project portfolio in 2021 reflected the Indian government’s focus on
transforming cities into economically vibrant and sustainable communities. This
included financing for India’s national urban flagship missions to enhance access to
water, sanitation, affordable housing and enhancing mobility through metro network
expansion in Bengaluru.
o It also includes support to the Government’s National Industrial Corridor Development
Programme which will help enhance the country’s manufacturing while a connectivity
project will stimulate industrial development in the Chennai – Kanyakumari Industrial
Corridor by ADB.
47. 9. RISE IN ELECTRONIC GOODS EXPORT IN
APR-DEC 2021
o THIS IS A SMALL BUT CONCISE ARTICLE WHICH TALK ABOUT RISING EXPORTS OF
INDIAN ELECTRONIC GOODS BY 49% IN APR TO DEC 2021.
o ELECTRONIC GOODS EXPORTS ROSE BY 49% TO USD 11 BILLION DURING APR – DEC
2021 AS AGAINST USD 7.4 BILLION IN THE SAME PERIOD OF THE PREVIOUS YEAR. TOP
5 EXPORT DESTINATIONS WHERE THE US, UAE, CHINA, NETHERLANDS AND GERMANY.
o MOBILE PHONE CONSTITUTED A MAJOR CHUNK OF ELECTRONIC GOODS
SHIPMENTS. OTHER SECTORS WHICH RECORDED HEALTHY GROWTH INCLUDED IT
HARDWARE , CONSUMER ELECTRONICS, INDUSTRIAL ELECTRONICS , LED LIGHTING
AND TELECOM EQUIPMENT.
o IN 2020 – 2021, THE EXPORT STOOD AT USD 11.11 BILLION. ELECTRONIC GOODS
EXPORT ARE EXPECTED TO INCREASE FROM THE PROJECTED USD 15 BILLION IN 2021-
22 TO USD 120 BILLION BY 2026.
48. o Steps taken by the Government which are expected to increase the domestic
manufacturing and exports include the Production Linked Incentive Scheme(PLI),
Scheme for Promotion of manufacturing of electronic components and semi and
modified electronics manufacturing clusters.
o The Ministry of IT and electronics recently released 2nd
volume of a 5 year road map
and vision document for the sector.
o The document lays the roadmap to transform India into a USD 300 billion electronics
manufacturing powerhouse over the next 5 years.
49. 10. REDUCTION ON IMPORT DUTY ON POLISHED DIAMONDS
AND GEM STONES
o THIS SMALL BUT CONCISE ARTICLE TALKS ABOUT THE REDUCTION IN IMPORT DUTY ON CUT
AND POLISHED DIAMONDS AND GEMSTONES TO 5% .
o FINANCE MINISTER OF INDIA MRS. NIRMALA SITHARAMAN ANNOUNCED THE CUTTING OF
IMPORT DUTY ON CUT AND POLISHED DIAMONDS AND GEMSTONES TO 5 PERCENT WHILE ON
SAWN DIAMOND TO NIL. AT PRESENT, IMPORT DUTY CUT AND POLISHED DIAMONDS AS WELL
AS GEMSTONES IS 7.5%.
o THE FINANCE MINISTER ALSO ANNOUNCED THAT GOVERNMENT WILL FACILITATE EXPORT OF
JEWELLERY THROUGH E COMMERCE FOR WHICH IT WILL IMPLEMENT A SIMPLIFIED
REGULATORY FRAMEWORK.
50. o The Finance Minister said ,to disincentivize import of undervalued imitation jewellery ,the
customs duty on imitation jewellery is being prescribed in a manner that a duty of atleast
Rs 400 per kg paid on its import.
o On the Budget proposal, All India Gem and Jewellery Domestic Council Chairman Ashish
Pethe said that the Budget 2022-2023 overall seems positive but there is nothing specific
for the industry except the customs duty cut on polished diamonds and gemstones.
o The Budget Emphasis on increasing rural economy will indirectly help the gem and
jewellery industry.
