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Services sector in need of revival package


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Sushma Ramachandran
Senior Financial Journalist
The services sector in India has grown exponentially over the past few decades to become the most dominant segment of the economy. It now occupies the biggest share of the GDP at over 60 per cent. It has even eclipsed agriculture in becoming the topmost employer. According to projections made by the ILO, services account for a 44.2 per cent share of the total employed, compared to 43.2 per cent for agriculture in 2019.
In this backdrop, Commerce and Industry Minister Piyush Goyal’s plans to create standards for the services industries appear to indicate the high priority being given to this area. Yet, it is intriguing that the minister has spoken about the need for standardisation in a sector where some segments like information technology have flourished due to benign neglect from officialdom initially. In fact, the services industries currently are more in need of support to survive the rigours of the pandemi ....

Piyush Goyal , Sushma Ramachandran , World Bank , Industry Minister Piyush Goyal , பியூஷ கோயல் , சுஷ்மா ராமச்சந்திரன் , உலகம் வங்கி , தொழில் அமைச்சர் பியூஷ கோயல் ,

Work-from-home gaining ground, warts & all


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WINDS OF CHANGE: The system of working from remote locations, created since the outbreak of the pandemic last year, is certainly desirable. PTI
Sushma Ramachandran
Senior Financial Journalist
THE Covid pandemic has altered global lifestyles in myriad ways. The one change that is set to become an enduring element of the employment process is the system of working from home. Work-from-home (WFH) has now become integral to the functioning of nearly all companies, both in India and abroad. It has taken root not just in information technology and digital economy entities but even in those that are involved in manufacturing, construction and all kinds of industrial operations. There is no getting away from workers actually being present at factories or construction sites or those in service sectors needing to interact face to face with customers. But all other activities that can be carried out remotely are being done from home-based locations. ....

Sushma Ramachandran , Gi Group , சுஷ்மா ராமச்சந்திரன் , ஜி குழு ,

Rules should cover both online, offline retail


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Sushma Ramachandran
Senior Financial Journalist
Online delivery of goods and services has become an essential part of our daily life. The desire to avoid getting infected by Covid through personally visiting shopping areas has vastly added to the lure of the online marketplace. Since we are now relying on e-commerce for the entire gamut of essential supplies, the government’s proposed new guidelines to regulate online marketing platforms should be of concern for all of us.
The new draft e-commerce rules must be viewed in light of the fact that India is not the only country taking a close look at the activities of the global e-commerce giants. Both the US and the European Union have launched anti-trust probes against Amazon and other Big Tech companies. One of the key fears is that the tech giants are playing a dual role as a marketplace operator and a seller, thus laying them open to the charge of being anti-competitive. ....

Sushma Ramachandran , European Union , Forrester Research , Services Tax , Big Tech , Walmart Owned Flipkart , சுஷ்மா ராமச்சந்திரன் , ஐரோப்பிய தொழிற்சங்கம் , ஃபாரெஸ்டர் ஆராய்ச்சி , சேவைகள் வரி , பெரியது தொழில்நுட்பம் , வால்மார்ட் ஓஂட் பிளிப்கார்ட் ,

Economic recovery linked to vax, Covid surges

Economic recovery linked to vax, Covid surges
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Sushma Ramachandran , World Bank , Reserve Bank , State Bank , சுஷ்மா ராமச்சந்திரன் , உலகம் வங்கி , இருப்பு வங்கி , நிலை வங்கி ,