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India has already positioned itself and continues to enhance its attractiveness as a desired destination for investment and trade, according to the Doing Business in India report.
Whilst its expanding levels of intellectual capital and large English-speaking population are likely to make it a global hub for services, high levels of domestic consumption coupled with significant cost competitiveness, along with a global demand of shift in supply chain outside of China, makes India an ever attractive destination for investments in services and manufacturing, the report said.
“Modi government’s policies of smart cities, Digital India, single-window policy have given the correct signals to all. Also the government’s mantra of “ease of doing business” has brought about many reforms which will work towards changing the perception about doing business in India,” it added.
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The testimony of which is an ever-improving rank of India in the annual World Bank’s ease of doing business report. More and more ministries are moving towards online access for granting licenses/ approvals/ registrations/ reporting etc. and single window clearance. The report said that while corruption still exists, the continued enhancement and expansion of digitization and computerization of numerous public bodies has led to an increased level of efficiency, and institutions such as the RBI and SEBI have become increasingly proactive and professional in dealing with foreign investment into India.
Furthermore, some state governments have taken proactive steps to improve efficiency in public offices such as the RoC. “While caution exercised by them may seem draconian; it has helped India tremendously in avoiding any major internal impact of the ongoing financial crisis,” it added.
India’s middle class, its prime consumer market and responsible for over half of the Indian economy’s GDP in the form of private spending, is estimated to cross 250 million in number. Furthermore, India’s population remains largely of working age and relatively young, unlike China, which with its ‘one-child policy has resulted in a smaller working population supporting a growing number of retirees.
The report identified that some aspects of the legal system in India continued to be archaic. For example, the labor laws until the enacted of consolidating codes found their origin in the British laws of the early 20th century and have since undergone only minor amendments, even though the same laws in Britain have changed significantly.
“As a result, sectors such as manufacturing have been dogged by strikes and lock-outs. Additionally, it is very difficult to terminate the services of blue-collared employees in India due to extensive protections under various laws. India’s import policies, despite the recent relaxations, continue to remain unfriendly with very high import duties charged on many imported goods. India’s tax and corporate laws are complex,” the report said.
ALSO READ: India To Sign Trade Agreement With EU and US
Nisha Biswal President of the US-India Business Council and Senior Vice President for South Asia at the US Chamber of Commerce said that as leaders around the globe reassess their approach to global trade and investment and recover from disrupted supply chains, both nations have the capacity to catalyze areas of growth to achieve the shared goal of $500 billion in two-way trade. This will require a strategic look at market-based reforms, deeper cooperation in research and development, and a dynamic assessment of key sectors that need a targeted boost within the bilateral economic relationship, she added.
“I congratulate Nishith Desai Associates and Sannam S4 for taking the initiative to author the ‘Doing Business in India’ report. Investment guides like the ‘Doing Business in India’ are excellent resources for businesses that are evaluating India as a viable option and are critical towards the achievement of the $500 billion goals in two-way trade,” she said.(IANS/JC)
Bollywood actor Abhishek Bachchan shares how he feels when people compare him with his father Amitabh Bachchan on the singing reality show 'Sa Re Ga Ma Pa'. He also requests contestant Rajshree Bag to sing a track 'Bahon Mein Chale Aao' featuring his mother Jaya Bachchan.
Abhishek said after looking at the performance of Rajshree, who is often compared with Lata Mangeshkar on the show, that she reminds him of being compared with his father. "Rajshree, whenever I have got the chance to watch the show, I've seen people compare you to Lata didi. It actually reminded me about how people compare me with my father and ask me how I feel about it."
According to him Amitabh Bachchan is a great actor in the industry and this is what he says to everyone making these comparisons. "My answer to them is that there's no greater actor in this film industry than Amitabh Bachchan and if I'm being compared to him, I am sure I must have done something good."
"Similarly, your voice has a different kind of magic like Lata ji and that's why people are comparing your voice with her. I feel you should always take this as a compliment," he concluded. 'Sa Re Ga Ma Pa' airs on Saturday and Sunday on Zee TV. (IANS/ MBI)
Keywords: Abhishek Bachchan, Amitabh Bachchan, reality show, Sa Re Ga Ma Pa, Rajshree Bag
Winters in India have always beckoned for that hot, steaming bowl of tomato and pepper rasam or the mellow, millet based Raab. Certain dishes like sarson ka saag, undhiyu, nimona pulao are winter specialites in the country. Seasonal food has always been an Indian speciality -- we switch our choice in fruits, vegetables, sometimes even grains with the onset of different season. The preference of using specific ingredients during certain climates is visible in our sweets as well. It's common to find local and traditional delicacies made of jaggery, instead of sugar during the winters. Case in point -- the Nolen Gur Rasgulla, a speciality made in Odisha and West Bengal between November to February.
Celebrity chef, Sanjeev Kapoor, strongly advocates this need of eating seasonal produce. He says, "The beauty of our food is in our seasonal usage of fruits and vegetables. If you realise, Gajar ka halwa is made aplenty during winters as this is the season when beautiful red carrots hit the market or mango pickle is made during summer, thanks to its availability. Despite people and sometimes, even me, suggesting that we should eat fresh as well as seasonal fruits and vegetables, we do not know what chemicals are sprayed on them to keep them safe while they are growing. When this produce hits the market, there isn't a certifying agency like the FSSAI that will help people understand what vegetables and fruits are free of pesticides and germs and which ones don't. Hence, the onus lies on us to make them safe for consumption. ITC's Nimwash is a good solution."
When it comes to winters, the Chef recommends eating these fruit and vegetables:
* Purple Mogri -- Mogri or Radish pods are not a common sight throughout the country. But you can spot them during the winters in local markets in northern India where women pick them up to make raitas, curries and stir fries. Rich in magnesium, calcium and copper, the vegetable is known to aid people from digestive problems.
Mogri or Radish pods are not a common sight throughout the country, but you can spot them during the winters | Pixabay
* Sweet Potato -- A re-discovered favourite, Sweet potatoes have created a space for itself in the millennial kitchen. With its diverse addition in burgers, chips and even chat, the root vegetable is filled with nutrients such as fibres and vitamins.
Sweet potatoes have created a space for itself in the millennial kitchen. | Wikimedia Commons
* Avarekalu -- Called Hyacinth beans in English, Avarekalu is a winter speciality in the south that is added to sambhar, saagu, rotis, etc. Bangalore is famed for its Averakalu mela during the winter months, where you can find these beans in dosas, Pani puri and even Jalebis! Thronged by crowds from all over the city, the food fest is a gourmand's delight.
Called Hyacinth beans in English, Avarekalu is a winter speciality in the south that is added to sambhar, saagu, rotis, etc. | Wikimedia Commons
* Amla -- The Indian gooseberry is a common winter fruit found through the country. High in Vitamin C, it is known to be immunity building and extremely beneficial for the skin and hair. There are multiple ways to eat Amla -- it is pickled, made into a fruit preserve called as Murraba or even eaten by sprinkling salt over it.
The Indian gooseberry is a common winter fruit found through the country. | Pixabay
(Article originally published on IANSlife) (IANS/ MBI)
Keywords: winter, Sanjeev Kapoor, chef, Indian gooseberry, Sweet Potato, Radish pods
Just three minutes of exposure to deep red light once a week, when delivered in the morning, can significantly improve declining eyesight, finds a new study. The study, published in the journal Scientific Reports, found there was, on average, a 17 per cent improvement in participants' colour contrast vision when exposed to three minutes of 670 nanometre (long wavelength) deep red light in the morning and the effects of this single exposure lasted for at least a week.
However, when the same test was conducted in the afternoon, no improvement was seen. "We demonstrate that one single exposure to long wave deep red light in the morning can significantly improve declining vision, which is a major health and wellbeing issue, affecting millions of people globally," said lead author, Glen Jeffery from the University College London.
Using a provided LED device, all participants were exposed to three minutes of 670nm deep red light in the morning between 8 a.m. and 9 a.m | Photo by Hush Naidoo Jade Photography on Unsplash
For the study, the team involved a small yet significant number of participants aged between 34 and 70, had no ocular disease, completed a questionnaire regarding eye health prior to testing, and had normal colour vision (cone function). This was assessed using a 'Chroma Test' -- identifying coloured letters that had very low contrast and appeared increasingly blurred, a process called colour contrast.
Using a provided LED device, all participants were exposed to three minutes of 670nm deep red light in the morning between 8 a.m. and 9 a.m. Their colour vision was then tested again three hours post exposure and 10 of the participants were also tested one week post exposure. On average there was a 'significant' 17 per cent improvement in colour vision, which lasted a week in tested participants; in some older participants, there was a 20 per cent improvement, also lasting a week.
A few months on from the first test (ensuring any positive effects of the deep red light had been 'washed out') few participants, carried out the same test in the afternoon, between 12 p.m. to 1 p.m. When participants then had their colour vision tested again, it showed zero improvement. (IANS/ MBI)
Keywords: Deep red light, therapy, eye sight, study,chroma test