Primus in Media

Digital India needs robust cybersecurity practices

Digital India needs robust cybersecurity practices

The time to act against cyber crime and cyber incidents is now. The intent of the Government has been right in this aspect with Prime Minister Shri Narendra Modi highlighting the need for a robust cybersecurity framework in his Independence Day speech in 2020 and laying down the need to amend the 2013 policy to be at par with international standards in data protection and creating a safer digital community for people. Authored by Devroop Dhar, Co-Founder & MD, Primus Partners

Work in progress: GST 4 years down the line not able to make avoidance costlier than compliance

Work in progress: GST 4 years down the line not able to make avoidance costlier than compliance

India has been comparatively successful in its rollout of GST, considering its size and complexity. But the real advantage of this reform can only be realized if both the state and central government start thinking differently and works towards making avoidance costlier than compliance. Authored by Nilaya Varma, CEO Primus Partners and Shravan Shetty, MD, Primus Partners.

Health, tourism focus of fresh relief booster

Health, tourism focus of fresh relief booster

In order to provide relief to 2.5 million small entrepreneurs, the finance minister also announced a new credit guarantee scheme with a corpus of ₹7500 crore to facilitate loans up to ₹1.25 lakh through micro finance institutions (MFIs). “Interest rate on loans from banks will be capped at MCLR [Marginal Cost of Funds Based Lending Rate] plus 2%,” she said. “The measure is designed to provide a safety net, especially to small borrowers. However, the coverage at only 2.5 million individuals will need to increase to generate the desired impact,” said Shravan Shetty, MD at consultancy firm Primus Partners

The tale of Cryptocurrency – still up in the air?

The tale of Cryptocurrency – still up in the air?

While cryptocurrencies like bitcoin have not been able to serve their intended purpose of being a medium of exchange, they have emerged as an alternate asset class over the last few years. Given the limited availability and interest, especially among the millennials, their value is expected to increase. This has attracted significant capital flows towards this asset class. Given this, we believe the more prominent cryptocurrencies like Bitcoin, Ethereum, etc. are here to stay. At what value? That seems to be a trillion-dollar question. – authored by Nilaya Varma, CEO, Primus Partners and Shravan Shetty, MD, Primus Partners.

Nirmala Sitharaman Highlights: job benefits, easier loans, tourism booster, more economic relief measures

Nirmala Sitharaman Highlights: job benefits, easier loans, tourism booster, more economic relief measures

“The FM has increased the outlay of the emergency credit line guarantee scheme for MSMEs to Rs 4.5 Lakh crores and added new credit guarantee schemes to support MFIs and covid impacted sectors including health. These are welcome relief measures, especially for the small borrowers providing them with a safety net. Also, with the relief being a guarantee instead of an outright cash handout, there is limited impact on the Fiscal in the short term. These measures will help alleviate distress in the short term. However, a fiscal push will be needed to negate the impact of the second wave on economic growth. The FM has announced a new credit guarantee scheme for MFIs to facilitate loans of up to Rs 1.25 lakh per individual. The measure is designed to provide a safety net, especially to small borrowers. However, the coverage at only 25 Lakh individuals will need to increase to generate the desired impact,” quotes Shravan Shetty, MD, Primus Partners.

Power load: Smart AC in works for post-Covid era

Power load: Smart AC in works for post-Covid era

Talking of the future, Nilaya Varma, CEO of consulting firm Primus Partners says, “though there has been a significant rise in demand from households for air filtration equipment, most industries are yet to install such equipment for hygiene and environmental purposes. This could change given the COVID-19 experience”.