World Last Week: 18 Aug’14 – 24 Aug’14
- India to be launch pad for Amazon’s plan to deliver packages using drones, deliveries may start by Diwali
Founded by billionaire entrepreneur Jeff Bezos, US-based Amazon, is challenging Flipkart for leadership of India’s online retail market.
- India’s e-commerce poised at $43 bn in 5 years
The multi-category section is on fire this year. The largest pie of the online retail ecosystem is drawing the eyeballs and maximum risk capital.
- Ice bucket challenge may change the way money is raised by charitable organizations
The ice bucket challenge’s phenomenal success is making other charitable organizations rethink how they connect with a younger generation of potential donors.
- PM Modi backed five-member think tank to replace Planning Commission
The new panel will most likely be led by former union minister Suresh Prabhu, with free market economists Bibek Debroy and Arvind Panagariya.
- 3 reasons why increasing food prices could be here to stay
The 3 big reasons of rising prices are all structural in nature, and fixing them will take some hard and balanced reforms.
- RBI plans to introduce plastic currency notes next year
Many countries have tried using polymer-based currency notes, though these are costlier than cotton-fibre based paper currency.
- Flipkart gets an offline retail push from employee feedback
Flipkart opened ‘Fliptomania’, its first brick-and-mortar store in Bangalore after employees called for company-branded products on ‘sticker’.
- Markets @ record highs; top ten stocks which can give up to 34% return in 1 year
Markets have been on a roll of late, hitting fresh record highs consistently, supported by strong global liquidity & easing of geo-political concerns.
- Narendra Modi says ‘digital revolution is about to begin'; showcases his vision
PM said that his vision of a ‘digital’ India encompasses a time when common man is able to track government’s work from his mobile phone.
- Oil relief for Modi government? Fall in crude prices may cut import bill by $8 billion
Deutsche Bank says, “We estimate that every $10/bbl fall in oil price reduces India’s annualized oil import bill by $10 bn & fuel subsidy by $5.6 bn.”
Source: Economictimes.com