Vishwaguru Bharat - Becoming a higher education hub: IBT Newsletter July 4-8, 2023

India’s higher education landscape is characterized by a wide array of universities, colleges, and institutes offering diverse academic programs. However, despite its cultural richness, the system struggles to attain global recognition due to various factors.

To address these challenges and enhance its standing on the world stage, India has initiated programs such as Study in India and NEP 2020. IBT takes a look at the critical gaps and also discusses solutions and ongoing developments with a panel of expert academicians who critically dissect India’s progress towards its vision of becoming a higher education hub.

Online E-B2B marketplace platforms in India are growing at a rapid pace, as?they enable cheaper procurement, faster deliveries, higher fill rates, and consistency in product quality.?While e-B2B platforms in the country operate in fewer categories or verticals, multi-category e-B2B platforms operate in many product categories. As a result, their market share is expanding, and so is their criticality to overall expansion of the?Indian B2B space.

On June 30, the Union Ministry of Power has notified developments on the much-anticipated carbon credit trading scheme. As per the notification, the Centre will constitute a “National Steering Committee for the Indian carbon market” to govern and oversee the functions of the market.?

Experts says that a carbon market would help many leading Indian corporates who have made commitments to become carbon-neutral and the market will provide flexibility to industries like steel, cement, and petrochemicals with high reduction costs to supplement their own reduction efforts with credits from the carbon market. However, integration with international markets will be crucial to ensure accelerated transition to a low carbon economy.

India's agricultural exports have witnessed a remarkable transformation has taken place in recent years, contributing to improved realizations for farmers and a positive impact on their income. Dr. Arpita Mukherjee , Professor, ICRIER shares her views on the industry's current scenario and prospects for export enhancement. During the interaction, she asserts that global demand is moving towards more sustainable food supply chains, making targeted interventions in these sectors essential.?

The e-commerce market in India has experienced exponential growth, but is facing a strong decline for warehousing space as companies look for greater process optimisation. Conversely, the slack is being taken up by 3PL players who have taken an all-time high share of 39%.

Within a decade, India has created a conducive, competitive environment amongst fintech companies. But tough competition in the market has driven companies to give innovative, customised digital payment solutions for every business segment; whether B2B, B2C and/or D2C.?

Speaking with IBT exclusively, Rahul Tandon , Chief Product Officer, Safexpay , said that both small and large businesses require more than just a digital transaction gateway. He believes that payment companies have to rise above payment transactions and provide small businesses with holistic solutions on financial tally and bookkeeping.

Introduced in 2020 with an incentive outlay of Rs. 1.97 lakh crore the PLI schemes currently cover 14 sectors, to bolster their production capabilities and for creating national manufacturing champions. PLI performance in eight?sectors?reflects a positive outlook but the other six sectors need course correction, according to a recent release by the government.?

In order to bring the right sync, the government, for the first time, is planning to review the PLI schemes for the sectors which seem to be lagging behind.

The government has raised the basic customs duty on domestic LPG to 15% from 5%. Basic customs duty will be ‘nil’ for the import of domestic LPG to be sold to household consumers.?

The World Bank has approved US$1.5 billion to help India promote low-carbon energy by building up renewable energy, developing green hydrogen, and bolstering climate finance for low-carbon energy investments.

What's the latest @TPCI

Trade Promotion Council of India, with the support of the High Commission of India in Nairobi, organised India-East Africa Buyer-Seller Meet on Food and Beverages on June 27, 2023.

Within the first two hours of the event, a remarkable footfall of more than 40 buyers from Kenya and neighbouring countries was witnessed. Around 100 buyers attended the event and were provided with an exclusive opportunity to connect with 25 Indian exporters who showcased their exceptional range of products.

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