Latest news with #IMC
Time of India
18 hours ago
- Politics
- Time of India
Congress netas protest, sit on potholes on road
Indore: City Congress Committee members on Monday staged a protest against potholed-road in the city by singing bhajans while sitting on the potholes over service road at Khajrana square. They stated that the protest was aimed at bringing 'good sense' to civic body. The committee acting president Devendra Singh Yadav alleged that potholes on roads filled with water could be witnessed across the city. But civic body and its officials were 'sleeping like Kumbhakarna'. So, the action was taken to awaken them and instil wisdom. Yadav criticised the city's deteriorating roads as a major problem. "When guests visit the country's cleanest city, they see these broken roads, which tarnishes Indore's image," he alleged. IMC commissioner Shivam Verma said that ahead of the monsoon, patchwork started on roads but, at many places the work was on.
Forbes
a day ago
- Business
- Forbes
The 'Seven Flags Strategy' And What Entrepreneurs Should Consider
Ali Bayat is the founder of Nila Group and a member of the Investment Migration Council (IMC). getty In today's unpredictable world, optionality is power. For global entrepreneurs, investors and sovereignty-minded individuals, the classic "Five Flags Theory" offered a way to diversify key aspects of life—like citizenship, taxes and assets—across multiple jurisdictions. But as the digital economy and global health infrastructure evolve, I believe two additional flags are now essential. This is the "Seven Flags Strategy," a modern blueprint for resilience, freedom and global leverage. A Brief History: The Origins Of The Flag Theory The idea of strategically splitting one's life across nations is often credited to American investor Harry D. Schultz, who coined the "Three Flag Theory." In the 1980s, author W.G. Hill formalized it into the "Five Flags Theory" in his book PT: "Perpetual Traveler." The idea is to claim one country for citizenship, another for residence, another for business and so on in an effort to optimize legal, financial and lifestyle benefits by never being fully controlled by one state. At a high level, the classic five flags include: 1. Citizenship Flag: Holding citizenship from a country that doesn't impose taxes on citizens living abroad 2. Residency Flag: Living in a country that's politically stable with low or zero income tax 3. Business Flag: Operating in a jurisdiction that is entrepreneur-friendly 4. Asset Flag: Storing wealth in countries with strong legal systems and asset protection 5. Playground Flag: Spending leisure time in lifestyle-friendly, high-quality-of-life locales The Case For Expanding To Seven Flags In my view, with our digital-first and more health-conscious world, more is at stake than taxes and travel. Data privacy, online sovereignty and long-term health security are now top concerns for many global citizens. Thus, I believe two new flags emerge: digital and health. Digital Flag This would be where your data, domains and digital assets are hosted. In a world where cyber risks, data localization laws and digital surveillance are growing, the location of your online infrastructure matters more than ever. Business leaders, especially those in digital-first companies, should consider where their cloud servers, websites, customer data and even digital asset wallets are domiciled. Choosing countries with strong privacy regulations may help protect intellectual property, safeguard user data and mitigate compliance risks under laws like the General Data Protection Regulation. Health Flag This flag would be where you can access trusted, high-quality medical care and wellness services. Health is not only wealth—it's continuity. For high-performing professionals and founders, access to preventative care, cutting-edge treatments and longevity-focused wellness programs can significantly extend both quality of life and productive years. I believe selecting a "health flag" is about more than convenience; it's a key investment in personal sustainability, stress management and performance optimization. Considerations For Leaders Many digital nomads and remote founders today follow this approach informally, optimizing for tax, legal protection, lifestyle and long-term health. While adopting the "Seven Flags Strategy" may offer strategic advantages, entrepreneurs and business leaders must proceed thoughtfully. One of the first challenges to consider is regulatory complexity. Each jurisdiction has its own rules governing business incorporation, tax obligations, banking compliance and data protection. For instance, what qualifies as a legal business expense in Singapore might not be deductible in the UAE, and certain banking activities allowed in Liechtenstein may trigger reporting requirements under the Common Reporting Standard or the Foreign Account Tax Compliance Act. Entrepreneurs should also consider intellectual property implications. Some countries offer stronger legal frameworks for protecting trademarks, patents and proprietary technology than others. To mitigate risks, it's essential to work with legal and financial cross-border experts who specialize in international business structures. Before launching operations or allocating assets in any new country, founders should also ensure they're familiar with corporate governance requirements, tax treaties and potential exit strategies. A misstep in compliance can easily negate the benefits of diversification. Additionally, it's wise to establish a long-term strategy that aligns your flags with your business lifecycle—whether you plan to raise capital, scale globally or eventually exit via acquisition or initial public offering. The Seven Flags Strategy isn't about complexity for complexity's sake; it's about designing a resilient, borderless foundation that supports growth while reducing exposure to any one system. Takeaway The Seven Flags Strategy is not about evading responsibility. In a world of rising unpredictability, for some entrepreneurs and investors, diversifying your life across jurisdictions can give you flexibility, security and peace of mind. Whether you're a seasoned entrepreneur or an emerging global citizen, this framework may help you design a life of intention—but you must approach it thoughtfully and with careful consideration for the risks. The information provided here is not investment, tax or financial advice. You should consult with a licensed professional for advice concerning your specific situation. Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?
Time of India
a day ago
- Business
- Time of India
EverEnviro's Indore CBG plant achieves 20 TPD output, highest PLF in India's bioenergy sector
New Delhi: India's first large-scale compressed biogas (CBG) plant built on municipal solid waste (MSW) has reached a daily production of 20 tonnes, making it the most productive CBG facility in the country. Operated by EverEnviro Resource Management Pvt Ltd in partnership with the Indore Municipal Corporation (IMC), the facility has achieved the highest Plant Load Factor (PLF) in the sector. Commissioned in 2022 and inaugurated by Prime Minister Narendra Modi, the plant processes 550 metric tonnes of segregated organic waste every day. Built on a site that earlier contained more than 2,00,000 metric tonnes of legacy waste, the facility contributes to an estimated reduction of 70,000 tonnes of CO₂ equivalent emissions annually. Mahesh Girdhar, MD & CEO of EverEnviro, said, 'This achievement underscores the viability of industrial-scale bioenergy solutions in addressing urban waste challenges. It reflects effective collaboration across stakeholders and alignment with national climate and sustainability targets. Indore demonstrates what integrated, outcome-driven infrastructure can deliver.' In addition to 20 tonnes per day of CBG, the plant also generates 40 metric tonnes of organic fertilizer daily. The gas is distributed to over 15,000 households through Avantika Gas, Gujarat Gas, and Naveria Gas and is also used to power Indore's city bus fleet. Recognised as a national benchmark, the Indore plant has attracted interest from urban local bodies across India and international delegations from the UK, Nepal and Southeast Asia. The site has also become a hub for students, researchers and policymakers exploring scalable models for waste-to-energy and urban sustainability. The project aligns with India's clean energy and circular economy objectives and supports national initiatives like the Swachh Bharat Mission Urban 2.0 and SATAT (Sustainable Alternative Towards Affordable Transportation), contributing to India's broader net zero goals.
Time of India
a day ago
- Business
- Time of India
India saved ₹60,681 crore forex by cutting coal imports in 2024-25: G. Kishan Reddy
India has reduced its annual coal imports by around 20.91 million tonnes, enabling the country to save foreign exchange to the tune of ₹60,681.67 crore during the FY 2024-2025 compared to FY 2023-24, Minister of Coal and Mines G. Kishan Reddy informed Parliament on Monday. In a written reply to a question in the Rajya Sabha, the minister said that the total coal imported into the country during 2024-25 was 243.62 million tonnes (MT), whereas, in 2023-24, it was 264.53 MT. He said that most of the requirement of coal in the country is met through indigenous production. The Ministry of Coal has set an ambitious domestic coal production target of about 1.5 billion tonnes by FY 2029-30. The focus of the Government is on increasing the domestic production of coal and reducing non-essential coal imports. The Ministry of Coal also launched the Coal Logistic Plan and Policy in February 2024 to develop infrastructure for efficient coal evacuation in the country, considering increased coal production projection by FY 2029-30. For reducing dependence on imported coal and promoting domestic production, the Government has facilitated allocation of coal blocks, encouraging private sector participation and streamlining the process for obtaining necessary approvals for coal mining projects. Additionally, the thrust is on increasing coal production by government coal companies by introduction of modern technologies like First Mile connectivity (FMC) and digitalisation, the minister explained. He also said that in order to encourage consumption of domestic coal, an Inter-Ministerial Committee (IMC) was constituted for coal import substitution. IMC, through its various meetings, has identified Import Coal Based (ICB) plants where the supply of domestic coal may be examined. These plants have indicated their specific coal requirements and preferred CIL subsidiaries. Besides, the government has been focusing on improving coal evacuation infrastructure. In line with Government of India directives, Coal companies have undertaken improvement in coal transportation and supply chain efficiency through construction of new Railway lines and First Mile Connectivity (FMC) projects in a phased manner. He further stated that under the Government's Revised Shakti Policy, 2025, the Imported Coal Based (ICB) Plants are allowed to secure coal under Window-II of the Policy, which has helped to increase the consumption of domestic coal.
Business Recorder
3 days ago
- Automotive
- Business Recorder
Toyota Pakistan leads mangrove plantation drive
KARACHI: In alignment with the Toyota Environmental Challenge 2050 and its commitment to the Sustainable Development Goals (SDGs), Indus Motor Company (IMC), in collaboration with WWF-Pakistan, conducted a mangrove plantation drive along the coastal belt of Karachi at the WWF Wetlands Centre. The initiative reflects IMC's ongoing dedication to environmental preservation, echoing its long-term focus on climate action, ecosystem restoration, and community engagement. The activity featured an interactive learning session by WWF experts, emphasizing the critical role mangroves play in coastal protection, carbon sequestration, and biodiversity conservation. IMC employees volunteered in planting saplings, contributing to the restoration of Pakistan's threatened mangrove forests. 'This collaboration exemplifies Toyota's global vision of creating a sustainable society in harmony with nature,' said Ali Asghar Jamali, CEO, Indus Motor Company. 'Through our environmental efforts and collective action under the GDN umbrella, we remain committed to driving positive change for future generations.' Copyright Business Recorder, 2025
