ISSUE DATE: March 1, 2021
UPDATED: February 22, 2021 12:12 IST
Wings clipped: Airplanes parked at Delhi’s IGI Airport, Dec. 2020
When the pandemic forced weeks of shutdown of domestic and international air travel in India in end-March last year, SpiceJet chairman & MD Ajay Singh got down to some out-of-the-box thinking to navigate his airline through the impending financial crisis. Among the first things he did was put a dedicated fleet of nine freighters, five Boeing 737s, three Bombardier Q400s and a wide-body A340, into operation. Between end-March and November 2020, SpiceJet operated nearly 10,000 flights and carried 77,000 tonnes of cargo, including essential items like food and medicines, to 41 international destinations. By October, it had emerged as the largest international cargo operator at the Delhi airport.
This budget is towards Aatmanirbhar Bharat and to address all difficulties the section of the society. Of course, it’s a growth-oriented Budget and lots of positive interventions. We all know that it an unprecedented global crisis, this budget is focused on resetting the Indian Economy and enabling it to emerge from shadows of a long and unexpected shadows.
USD 5 trillion Economy: The government is sticking to the target of becoming a USD 5 trillion economy by 2024-25 and emphasis on infrastructure sector and other initiatives taken in Budget 2021-22 are aimed at achieving the goal.
Aatmanirbhar Bharat: The government strongly recognises the role of MSMEs in realising the ‘Aatmanirbhar Bharat’ ambition. Doubling the allocation for MSMEs from last year to ₹15,700 crore. FM also made the compliance ecosystem easier by increasing the audit threshold from ₹5 crore to ₹10 crore.
Union Budget 2021: Allocation of Rs 1,500 cr to boost digital payments will take fintech sector a higher notch Recognising fintech as an industry would have been much sweeter but overall, it is a 360-degree growth for the fintech sector Raj N February 03, 2021 13:48:10 IST Benefitting fintech. Reuters
A lot was expected from Budget 2021, especially to negate the economic impact of the pandemic. The finance minister has created a fine balance between available resources and requirements to usher in economic growth. Keeping Atmanirbhar Bharat as the keyword, the Budget has spelt out a vision of making India a self-reliant nation.
The fintech industry has been playing a pivotal role in providing financial services to Small and Medium-Sized Enterprises (SMEs) and Micro, Small and Medium Enterprises (MSMEs). The allocation of Rs 1,500 crore to boost digital pay
Budget 2021: Startup ecosystem reacts to fintech provisions announced by FM Nirmala Sitharaman
Fintech startups across the board welcomed FM Nirmala Sitharaman s Rs 1,500 crore proposal to boost digital payments, saying it was a testament to how the industry proved it worth during the COVID-19 crisis.
0 claps
Share on
Union Finance Minister Nirmala Sitharaman s Budget 2021 contained several incentives for the burgeoning financial technology industry, which saw monumental growth last year in areas, including
digital payments, retail investments via online brokerage platforms, insurance buying, and digital banking, among others.
Some of these were:
A world-class fintech hub at GIFT City (Gujarat International Finance Tec-City) aimed at encouraging and developing innovative financial technology services and products.
Market boom! 100% jump in IPOs during Q4 2020
December quarter registered an increased activity, with 10 IPOs in Q4 2020 in main markets versus five IPOs in Q4 2019 and four IPOs in Q3 2020. This represents an increase of 100% compared to Q4 2019 and an increase of 150% compared to Q3 2020
Aprajita Sharma January 28, 2021 | Updated 00:23 IST
Exuberance in market has resulted in several companies including e-commerce and emerging technologies to accelerate their IPO plans
The new issue market experienced a boom in 2020 with a total of 43 initial public offerings (IPOs) raising $4,095.99 million. According to EY India IPO Trends Report: Q4 2020 , as many as 15 IPOs ($4,070 million) were listed in the main market (BSE and NSE), while 28 made their debut in the SME markets ($25.99 m) in 2020.