NEWS ANALYSIS 30.01.

2020
CORONAVIRUS OUTBREAK
 Because of Corona virus Smartphone and consumer electronics companies in India said they were staring
at production cuts and possible delays in launch of new products. Supplies from China have interrupted.
 China accounts for 75% of total value of components used in TVs and almost 85% in case of smart phones

 Most of the components like mobile displays, open cell TV panels, printed circuit boards, capacitors, and memory and LED chips are
imported from China. Air conditioner compressors and washing machine motors are also among sourced from that country.

 “Factories in India were prepared for the usual Chinese New Year shutdown. But several cities there have
extended the holiday, and companies have asked workers not to report for work for the next few days.

Budget: PM-KISAN fund allocation may be

trimmed by 20%
 The agriculture ministry has sought 20% less funds for the PM-KISAN scheme — that pays farmers Rs 6,000 a year — for 2020-21
because some states have been slow in identifying beneficiaries, and many existing recipients are yet to be Aadhaar verified.
 The government has been able to disburse only Rs 44,000 crore so far this fiscal under the scheme

 The government had initially hoped to transfer money to 145 million beneficiaries, but so far only 95 million farmers have been registered
under the scheme out of which 75 million have been Aadhaar verified.

RETAILERS, HOTELIERS TOO WANT TO RUN

CLOUD KITCHENS NOW
 Big retailers and restaurants operators planning to enter the segment -ONLINE FOODS DELIVERY ( such
as Zomato, Swiggy) -
India’s largest quick-service chain Jubilant Food Works, which operates Domino’s Pizza and Dunkin
Donuts in India, is surveying for space to start its cloud kitchen business for not only Domino’s Pizza but
also for Chinese cuisine.

 Kishore Biyani’s Future Group is planning to roll out its own cloud kitchen to sell meals for Rs. 40 on Swiggy
and Zomato, to tap the growing online food-delivery business.

 “Cloud kitchens are the future of the eating-out industry,”

Bajaj Finance Q3 profit jumps 52% to Rs 1,614 crore,

beats Investors estimates
 Consolidated net profit at Rs 1,614 crore for December quarter compared with Rs 1,060 crore in the same
quarter last year.

 Asset under management (AUM) climbed 35 per cent to Rs 1,45,092 crore from Rs 1,07,507 crore YoY.

 "Consumer B2B sales finance had a slow quarter as the company witnessed significant slowdown in
consumption categories. This was in addition to our cautious stance in digital products financing

BUDGET MAY UNVEIL 2 MEGA AGRI INITIATIVES

 In coming budget the government announce two mega agriculture initiatives — one related to crop
diversification and another on financial assistance to create Farmer Producer Organizations (FPOs) –
 These FPOs — organized groups of small and marginal farmers — will help farmers improve their incomes through better market access
and collective bargaining power.
 The government may also roll out a Rs 500-600 crore crop diversification programme to promote crops other
than water guzzling paddy in Punjab, Haryana and western Uttar Pradesh,