2018 proved to be a robust year for mergers and acquisitions for Indian corporations. Powered by the Insolvency and Bankruptcy Code and an extremely competitive atmosphere in the mobile and e-commerce space, dealmaking crossed $100 billion for the first time ever. As the government pushed for resolutions, there was a...
India to Implement Blockchain, AI for Cargo Movement
In line with the government’s digitization agenda, India's ministry of finance is exploring the use of blockchain technology and artificial intelligence (AI) for cargo movement. Currently India ranks 146 out of 190 countries on World Bank’s ‘trading across borders’ measure. It takes 11 days for clearing an import consignment, against...
India Spreads Awareness on Crypto Currency
On February 1, while presenting the national finance budget, India's minister for finance, Arun Jaitley announced that the country does not recognize Bitcoin as legal tender and that crypto payments will be penalized. Jaitley’s comments raised questions among India’s crypto community about the legitimacy of trading, and the price of...
India Gets Ready for 5G Adoption
With plans to implement the 5G ecosystem in 2020, India is focused on the compliance and testing of 5G standards which are likely to be finalized this year. Finance Minister Arun Jaitley said that India's Department of Telecom will support the 5G test bed at the Institute of Technology in...
India To Extend Healthcare to 100 Million Families
In the annual budget for 2019, India's minister for finance, Arun Jaitley, announced a National Health Protection Scheme that will provides health insurance coverage for 100 million of India's most vulnerable families up to 500,000 rupees, or about $7,825 each year, an amount in India that would cover the equivalent...
Indian and Foreign Companies commit to $11 billion in Food Sector
Speaking at World Food India 2017 in New Delhi, India's Finance Minister Arun Jaitley said, "Food processing is going to be one of the principal industries of India in the future. The farm to kitchen chain is going to change in India, like elsewhere, with increased agricultural production, better storage...