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Based on the responses received, it was observed that five out of the six optimism
indices improved as compared to same quarter last year. Optimism for net profit
stood at a 7-quarter high.
The survey for Dun & Bradstreet Business Optimism Index for Q3 2016 was conducted
in the month of June 2016 at a time when forecast from IMD and other agencies suggested
better monsoons this year. Other factors that might have helped in improving the
optimism level was the Government's continued focus on strengthening the economy
with various reform announcements.
The Government has introduced multiple programs and initiatives to build ‘Resurgent
India’. Resurgent India aspires for Self-Sufficiency in Energy Needs, Financial
Inclusion, Digital & Tech Adoption, Skill Development & Job Creation as well as
betterment of society through CSR activity. It is a known fact that PSUs were incepted
with the intention of playing a significant role in development of the country.
They have indeed contributed through various avenues such as banking, energy production,
the supply of sensitive goods and services, providing employment, contributing to
the public exchequer, and many other aspects. Thus, if India has to get back onto
a path of double-digit growth, we need to look up to PSUs who in-turn will have
to play a major role in powering a Resurgent India. Dun & Bradstreet is pleased
to host the ‘India’s Top PSUs and PSU Awards 2016’ in Delhi, which will feature
release of the ninth edition of its premier publication, ‘India’s Top PSUs 2016’
and the presentation of PSU Awards 2016.
The Insurance sector in India has come a long way, evolving and significantly contributing
towards India’s GDP. The next several years in the Indian financial market comprising
the Insurance industry, could broadly be termed as the “age of the consumer experience”.
Today, Insurance companies worldwide are increasingly creating value by using digital
tools and technology in a number of innovative ways to reap the benefits of the
digital era. Moreover, due to rising customer expectations, insurers should aspire
to become digital firms so as to address the new-age challenges, thereby building
greater customer loyalty, cutting costs and improving profitability. The conclave
will focus on the overall insurance sector (both life & general), need for product
innovation & changing dynamics of the distribution model due to digital transformation.
Human trafficking is a practice deeply and unfortunately embedded in supply chains
across multiple industries and nations. The International Labour Organization estimates
that 21 million men, women and children around the world are in forced labor, and
it touches even the most iconic of companies.
India Inc's business optimism index remained stable for the April-June quarter of
this year, thanks to a rate cut by the RBI and Government's recent policy reforms,
a D&B report says. The Dun & Bradstreet Composite Business Optimism Index stands
at 81.1 during the second quarter of 2016, an increase of 1.1 per cent as compared
to April-June period of 2015.