the world is becoming ultra-competitive, all thanks to greater than ever dissemination of information through electronic means. today, no company (except those with cutting-edge tech like google and microsoft) operating in a specific industry can expect to be the sole beneficiary of demand for a particular product/ service. margins are getting thinner and this is all a good sign, we will tell you why. for a country like ours, all problems lie in income disparity that has only exacerbated despite of political promises to curb it. with those who earn handsome money and are willing and actually spending large sums on imported goods like electronics and garments, our trade balance has suffered. this ‘handsome money’ that they make can be attributed to the irrationality of their employers. companies, both private and public, have not prudently considered changing market conditions and are thus unable to rein in rising operating expenses, especially those incurred on salaries. take airtel for example. post jio’s
medicinal benefits of cannabis are still unknown to the wider audience. however, in recent past, countries in the west, including usa and uk, have liberalized their stance on cannabis in the backdrop of emerging knowledge on extraordinary health benefits that cannabis is capable to deliver. medical conditions such as chronic pain, epilepsy, side-effects from cancer treatment and muscle spasticity reportedly find cure in cannabis. the cannabidiol (cbd) contained in cannabis has exceptional medicinal uses and a drug named ‘epidiolex’ (for treatment of childhood epilepsy) containing cbd has recently been approved in the united states. it is notable that cbd is a molecule found in marijuana plant and it has just 0.1 percent of tetrahydrocannabinol (thc), an ingredient that is responsible for making people high once consumed. many drugs available in the market as cure for above cited medical conditions are either expensive or haven’t been efficacious enough. in india, prescribing cannabis-based drugs is illegal and research and development in this
the 2 percent wage hike proposed by indian banks’ association to psb employees is unacceptable to them, and they have their own set of reasons. just one question- are present pay structures of psb employees commensurate with their skills and duties they perform? when one compares the monthly pay of an sbi staffer with that of a private sector staffer with identical skillsets, say with an accountant at a private enterprise, the picture that bank staffers are already drawing exceedingly high salaries becomes clear. for decades, public sector banks misused and severely abused their dominant positions, which is owing to the general public viewing these banks as quasi-government, not just government-run banks. people feel safe when their savings lie with public sector banks and this compulsion of people to use the services of psb has been exploited to the core. sbi, for example, not only pays lucrative and unreasonable salaries to probationary officers and other staffers, but also takes care
borrowing an idea from overseas and implementing it in one’s own country is the new success mantra for present-age entrepreneurs. had replicating a successful business model in another country been such easy and rewarding a task, the disparities between developed and underdeveloped nations would have gradually come to an end. it is obvious that uber, the ride-hailing company, would have employed many market experts while deciding on foraying into other territories beyond us and europe. the outcome, however, is an evidence that their analysis was greatly misplaced with respect to gauging opportunities. uber has called it a day in many asian countries; in india, it is competing with ola and on the back of its deep pockets is making good inroads, but profit is still elusive. most indian startups fail to take note of a simple fact that the market here is incomparable to that in developed countries. you may be able to acquire customers by offering lucrative discounts and
the current show of strength by drivers of cab-aggregating companies ola and uber is a reflection of how indian market and market players are unreservedly incomparable to scenarios of the west. it is time that many are debating the impending bubble burst in india’s startup ecosystem; had they been vigilant and diligent from start, such debacles were avertable. here are five simple lessons for these taxi hailing companies, and these are generic for applicability in wide-ranging scenarios of today. first, and this is fundamental, assessing india as an aggregate market with stakeholders and consumers toeing the same west line is a fault. replicating stories of growth in west in this asian giant will only culminate into disasters and eroding of public confidence in such businesses. second, doling out sops and subsidies isn’t what that works in india. had it been so, the government’s persistent bill on fertilizers, food, other subsidies would have eventually come to an end. respect your money.
indian it is in alarming condition and timely correction is the only way out to save this sector that employs substantial number of youth, aids indian exports. h1-b visas tweaking shouldn’t have created this brouhaha, had our companies embraced some much needed changes timely. with cheap labour available and repetitive tasks delivered to onshore business providers, you overlooked fundamentals, the deteriorating condition, plummeting profits and sinking job growth is an evidence. here is the way-out. this may not be exhaustive, however, you need to make these corrections, today or tomorrow, else the golden sector will soon lose all sheen. first, collaborate with technical education institutions that are producing nothing more but service sector ‘labourers’. inject in their syllabi the present and projected demands of global industry. second, start innovating. stop providing solutions for same issues that won’t now survive for too long. conventional development, programming are being overshadowed at quick pace, learn and adapt to this change. third and most
what does jio or other telecom companies provide to the hefty customer base? a service that is enabled by purchasing spectrum from the government, hence no manufacturing, no use of inputs per unit, barring some technology and few essentials like towers and cables. so the radiowave that allows you to make calls or download data is all but any cost-incurring product. it may be 100 minutes of talktime or 1000 minutes, 1 gb data or 10 gb, hardly does that matter to your telecom company. while submitting its arguments in the court, the attorney general, representing the government, clearly mentioned about the cartel of 4-5 telecom companies having billion subscribers and making inr 250 crore a day just from outgoing calls. he also stated that none of the companies is ready to invest in technology and cited the inaction on their behalf to contain call drops. special mention was made of their counterparts in china who are more inclined toward
paytm and other wallets that saw an unprecedented surge in number of users and transactions in past couple of months are treading on an uncertain path. they may want to ignore this, but the front full-page ads lately by paytm to call upon users are a sign of underlying distress. seemless, uninterrupted money transfer without moving fund to wallets is the call of today; and payment banks may find no account seekers in their branches since no-frills jan dhan accounts are ready to serve the until-now unserved populace of india. needless to acknowledge, paytm proved its capability to integrate with indian commercial landscape by enabling wallet transactions at tea stalls and barber shops. indian banks couldn’t foresee the impending digital transformation prior to when they were forced post-november 8 demonetisation announcement. this means that paytm may not die the death that some analysts are predicting in the backdrop of uninterrupted bank to bank transfer of money enabled by upi and state-backed