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Jaitley urges more private investment in infrastructure
Arun jaitly
New Delhi: Union Finance Minister Arun Jaitley on Saturday asked representatives of industries and trade to increase private investments, especially in the infrastructure sector. Holding his fourth pre-budget consultative meeting for the union budget 2017-18 with industries and trade representatives, Jaitley said that in the first half of the current financial year 2016-17, the Indian economy achieved a robust growth rate despite volatility and uncertainty in global economy.
“This was made possible by a slew of policy measures undertaken by the present government including enhanced public investment, kick-starting stalled projects, improving the status of financial inclusion significantly among others,” an official statement quoted him as saying. He also said that the government took many steps to improve governance by bringing in transparency and efficiency through systematic changes.
According to the minister, the government gave “greater thrust on fiscal federalism and improving business environment through reforms in policies and regulation among othersa. Industry associations and groups recommended the reduction in corporate tax and withdrawal of tax incentives which will result in higher collections due to better compliance and will make India an attractive investment destination.
Other suggestions include complete elimination or a major reduction in minimum alternate tax (MAT) and higher public investment in infrastructure and social sector. They also sought higher investment in irrigation and rural infrastructure sector as this will increase the spending capacity of the rural people which in turn will create demand for various items and increased economic activity.
Their suggestions included focus on skill development by focussing more resources on training of trainers’ Programmes. The industry lobbies also pitched in for the minimum exemption limit in case of personal income tax to be raised to Rs 5 lakh. They also sought reduction in interest rates for manufacturing and other sectors especially for micro, small and medium enterprises in view of higher funds available with banks after the demonetisation.
Another suggestion was made to make instrument of cheque stronger especially after demonetisation by blocking the amount of cheque in the drawer’s account and making amendments in Sec 138 of Negotiable Instruments Act for heavy penalty in case of bouncing of cheques, a statement added.
International online casino Casino Days has published a report sharing their internal data on what types and brands of devices are used to play on the platform by users from the South Asian region.
Such aggregate data analyses allow the operator to optimise their website for the brands and models of devices people are actually using.
The insights gained through the research also help Casino Days tailor their services based on the better understanding of their clients and their needs.
Desktops and Tablets Lose the Battle vs Mobile
The primary data samples analysed by Casino Days reveal that mobile connections dominate the market in South Asia and are responsible for a whopping 96.6% of gaming sessions, while computers and tablets have negligible shares of 2.9% and 0.5% respectively.
The authors of the study point out that historically, playing online casino was exclusively done on computers, and attribute thе major shift to mobile that has unfolded over time to the wide spread of cheaper smartphones and mobile data plans in South Asia.
“Some of the reasons behind this massive difference in device type are affordability, technical advantages, as well as cheaper and more obtainable internet plans for mobiles than those for computers,” the researchers comment.
Xiaomi and Vivo Outperform Samsung, Apple Way Down in Rankings
Chinese brands Xiaomi and Vivo were used by 21.9% and 20.79% of Casino Days players from South Asia respectively, and together with the positioned in third place with a 18.1% share South Korean brand Samsung dominate the market among real money gamers in the region.
Cupertino, California-based Apple is way down in seventh with a user share of just 2.29%, overshadowed by Chinese brands Realme (11.43%), OPPO (11.23%), and OnePlus (4.07%).
Huawei is at the very bottom of the chart with a tiny share just below the single percent mark, trailing behind mobile devices by Motorola, Google, and Infinix.
The data on actual phone usage provided by Casino Days, even though limited to the gaming parts of the population of South Asia, paints a different picture from global statistics on smartphone shipments by vendors.
Apple and Samsung have been sharing the worldwide lead for over a decade, while current regional leader Xiaomi secured their third position globally just a couple of years ago.
Striking Android Dominance among South Asian Real Money Gaming Communities
The shifted market share patterns of the world’s top smartphone brands in South Asia observed by the Casino Days research paper reveal a striking dominance of Android devices at the expense of iOS-powered phones.
On the global level, Android enjoys a comfortable lead with a sizable 68.79% share which grows to nearly 79% when we look at the whole continent of Asia. The data on South Asian real money gaming communities suggests that Android’s dominance grows even higher and is north of the 90% mark.
Among the major factors behind these figures, the authors of the study point to the relative affordability of and greater availability of Android devices in the region, especially when manufactured locally in countries like India and Vietnam.
“And, with influencers and tech reviews putting emphasis on Android devices, the choice of mobile phone brand and OS becomes easy; Android has a much wider range of products and caters to the Asian online casino market in ways that Apple can’t due to technical limitations,” the researchers add.
The far better integration achieved by Google Pay compared to its counterpart Apple Pay has also played a crucial role in shaping the existing smartphone market trends.
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