Digital platforms will enhance banks reach-out capability: Report
The Dollar Business Bureau The creation of digital environment is now a priority for all banks and they need to undergo considerable investment for achieving complete transformation. This was stated in a Confederation of Industry (CII)-PricewaterhouseCoopers (PwC) joint study report titled ‘Banks taking a quantum leap through digital’, released at the CII National BANKing TECH Summit in Mumbai on Tuesday. Stating that the digital intervention is reality in today’s banking business, the CII-PwC report urged banks to adapt and respond to the digital intervention process to stay ahead in competition. The digital foregrounds have already shown the banking industry ways to develop new business models to attract customers and the digital platforms will change the entire eco-system of the ...
FDI up to 74% can make Indian defence self-reliable: Study
The Dollar Business Bureau The Government of India (GoI), needs to raise cap on Foreign Direct Investment (FDI) in order to achieve self-reliance in the defence sector. This was stated by the study titled ‘Self-reliance in defence production: The unfinished agenda,’ jointly done by the Associated Chamber of Commerce and Industry of India (ASSOCHAM) and PricewaterhouseCoopers (PwC), a global advisory firm. The ASSOCHAM-PwC joint study says that the recent increase of FDI cap in defence to 49% may not succeed fully in drawing investments and advanced technology into the sector. In this regard, the study suggests ‘allowing 100% FDI in defence sector, if not, at least 74%, in order to facilitate the ways for capital inflows and setting up of ...
US to aid India in developing clean energy technologies
The Dollar Business Bureau The United States has agreed to help India in developing renewable energy technologies and a decision to this effect was taken during the US President Barack Obama’s visit to India in January 2015. A statement to this effect was informed by Piyush Goyal, Union Minister of State for Power, Coal & New and Renewable Energy (IC), on Monday. India and the US also discussed on the critical importance of expanding clean energy research, development, manufacturing and deployment, which increases energy access and reduces greenhouse gas emissions, during Obama’s visit, the Minister added. Stating that the two governments have also agreed to undertake new agreements to enhance clean energy cooperation, the Minister mentioned about the initiatives ...
