It is known that increased mechanisation, use of artificial intelligence, the fourth industrial revolution, etc. are some of the buzz words in business media, business meetings and corporate boardrooms. But the necessity of the human element in production units is the key to any successful business....
West Bengal has the potential to grow as a world class leather industry. To achieve this, the first requirement is a proper mind-set, said B D Bhaiya, Chairman, C&E Limited. He also said that Bengal had been a low grade production centre of leather. Ordinary industrial gloves and ordinary leathe...
The Indian tea industry is growing as its production level is rising. In spite of that, the industry is passing through a crisis. Arun Kumar Ray, IPS, Deputy Chairman, Tea Board of India, told BE that the main problem is the demand for tea not growing commensurately with the level of production. The...
After the amalgamation of two erstwhile public sector banks (PSBs), Vijaya Bank and Dena Bank into Bank of Baroda (BoB), the BoB is now the second largest PSB of the country. It now has 9,500 branches and 85,000 employees with a business mix of more than Rs. 15 lakh crore. It is reported that the Bo...
Recently the rating agency, Fitch, slashed the GDP growth forecast for FY19 of the Indian economy. The Fitch estimates put it at 6.9% from the 7.2% growth projected last December. It is not the only institution that has expressed doubts over the recent economic performance of the Indian economy. Man...
Migrant workers are a special feature of the economy of Kerala. The state has both high outward and inward migration of labour. While there’s a lot of attention paid to outward migration and its economic implication, inward migration is a relatively less explored. For Keralites, migration to the G...
Rajasthan, the biggest state of modern India has been historically famous for its military entrepreneurship. From the beginning of the 16th century, many famous Rajasthani kings like Himu, Rana Hamir Singh, Rana Kumbha and Rana Pratap protected this land from waves of foreign invasions. However, aft...
As of now, the contribution of the services sector in producing the Gross Domestic Product (GDP) of India is more than 50%. Agriculture contributes around 14% and industry and manufacturing sector contribute the rest.There is an economic perception that every economy has to pass through different ph...
The West Bengal government organised the fifth Bengal Investment Summit on February 7-8, 2019, with great fanfare. According to Chief Minister Mamata Banerjee, the business meet has been able to generate investment proposals of around Rs. 2.84 lakh crore. The total investment proposal in the la...
Against the backdrop of recent farmers’ agitations in large parts of India and the BJP’s unexpectedly poor electoral performance in many states, it was expected that the NDA government would present a farmer-centric rural budget this time round.The first reaction to the interim budget speech of ...
