Business Current Affairs - 2019

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Six Indian women among Forbes’ 50 ‘Power Businesswomen’ 2015

Six Indian women entrepreneurs and businesswomen have been named by Forbes magazine as among the 50 ‘Power Businesswomen’ from Asia.

Indians included in the list are

  • Arundhati Bhattacharya- Chairperson of State Bank of India (SBI).  Forbes list referred her as the first lady of Indian banking and as chair of the Indian behemoth with 225 million customers.
  • Chanda Kochchar- MD & CEO of ICICI Bank. Forbes list referred her as India’s second-most-powerful banker after Bhattacharya
  • Akhila Srinivasan-  MD of Shriram Capital.
  • Kiran Mazumdar Shaw- Chairman & MD of Biocon.
  • Shikha Sharma- CEO of Axis Bank.
  • Usha Sangwan- MD of Life Insurance Corporation of India (LIC).

About Forbes 50 Power Businesswomen list

The Asia’s 50 Power Businesswomen list showcases accomplishments of the region’s female entrepreneurs and executives for particular year.

The list includes women CEOs and founders, who are active in the upper echelons of the business world in Asia. These women wield significant business power and have access to robust financial resources.

Month: Categories: Business, Economy & Banking

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Union Government launches single window e-biz portal

Union Government has launched a single window government-to-business (G2B) portal- e-Biz (www.ebiz.gov.in) for 11 Central government services to bring transparency and ease of doing business in the country.

The portal was unveiled to public by Union Finance Minister Arun Jaitley in New Delhi.

Key facts

  • It is government’s approach aimed at improving India’s ranking in Ease of doing business index by leveraging technology to bring transparency, improve efficiency and promote convenience.
  • It provides single platform for online submission and processing of forms including online payment.
  • Government has identified 10 pilot states for its initial implementation and later to expand it across the country.

The portal will provide in total 11 Union government services to meet its objective. Among the 11 services,

  • 4 services are from Ministry of Corporate Affairs (MCA) – Services such as name availability, Director Identification Number (DIN), certificate of incorporation and commencement of business.
  • 2 services of Central Board of Direct Taxes (CBDT) – Provide Permanent Account Number (PAN) and Tax-Deduction Account Number (TAN).
  • 2 services of Reserve Bank of India (RBI) – to simplify the process such as foreign collaboration through general permission route from RBI.
  • 1 service of Directorate General of Foreign Trade (DGFT) – Know importer-exporter code (IEC).
  • 1 service of Employees Provident Fund Organization (EPFO)- To complete employer’s registration
  • 1 service of Petroleum and explosives Safety Organization (PESO)- issue of explosive licences.

Government is also planning to roll-out more than 200 services related to investors and businesses in next few years.

Month: Categories: Business, Economy & Banking

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