Indian Economy: News and Discussion

[IndianHawk]

Bloomberg countries Innovative index...India is at 45
View attachment 13165

Our rating in researchers concentration beats every other parameter.

We should immediately increase phD seats.:biggrin2:

 

[Chinmoy]

NRL exports Wax to China, Thailand.......

India usually imports a huge quantity of wax from China and the NRL plant is expected to ensure reduction in import dependency for wax by nearly 50%.

https://epaper.telegraphindia.com/details/237103-1415370.html

 

[ezsasa]

One more Modi promise delivered, implications are that corporate and international arbitrations will be handled from india itself. no need to run to Hongkong, Singapore and europe. best talent might come here. in the long run might even become the go to place for arbitrations from middle-east countries/companies.
some indian lawyers are already filthy rich, now they will become even richer.
============
Rule amended on January 3: New Year GIFT for MNC law and audit firms


MUMBAI/AHMEDABAD: Foreign law and accountancy firms now have a chance to operate in India on their own. On January 3, the ministry of commerce and industry amended a rule allowing such foreign firms to set up offices and advise clients from SEZs. The move will initially benefit Gujarat International Finance Tec-City (GIFT).

Current regulations so far do not permit multinational law firms to operate in the country. Indian law and accountancy firms were also not allowed to operate from any of the SEZs. That rule has now been amended which would benefit financial centres.

The notification, dated January 6 but issued on January 3, by the department of commerce allows foreign law and accountancy firms to be established in SEZs. The earlier version of the rule, prior to the amendment, had excluded legal services and accounting.

“This will be the big enabler for the legal and accounting firms to expand their services in multi-services SEZ with IFSC (International Finance Service Centre) and thereby export their services to various global players,” said Nitin Potdar, partner, J Sagar, a law firm. As of now, only GIFT is a multi-services SEZ with an IFSC in India.

“Until now, no foreign law firm could operate in India and not even Indian firms were allowed to provide their services in any of the SEZs. The new amendment allows not only Indian law or accountancy firms to set up a base in GIFT, but even multinationals can directly advise upon international disputes or arbitration by setting up a base there,” Dipesh Shah, head, IFSC at GIFT, told ET.

While many foreign professional services firms such as Deloitte, PwC, KPMG and EY are present in India, they cannot directly operate as auditors and require an Indian affiliate. This amendment does away with that requirement at least in the case of GIFT.

Many Indian law firms have been opposing the entry of multinational law firms in India for some time. Going ahead, many multinationals could set up base in India but they will only be able to advise on cross-border transactions or disputes. Some are also looking to quickly take advantage of this and set up base in GIFT.

“Allowing law firms in GIFT for arbitration or other work would work as a catalyst for economic activities in the country. We ourselves are in discussions to set up an office in GIFT,” said Nishith Desai, founder of law firm Nishith Desai Associates.

But the amendment does not permit foreign law firms to advise Indian clients on local businesses and regulations. Their advice and help would be strictly restricted to arbitrations fought in GIFT, international mergers and acquisitions, international taxation or any other advice for operations outside India.

Industry experts say some foreign law firms may consider partnerships with Indian firms under the arrangement. There could also be stiff competition as both Indian and foreign firms would compete for the same clients in GIFT.

“Many law firms may set up their base in GIFT but that would take some time. And I am a firm believer that it would only lead to betterment of all law firms,” said Desai.

Read more at:
http://economictimes.indiatimes.com...ofinterest&utm_medium=text&utm_campaign=cppst

 

[tharun]

We need Semiconductor Fab's as at most priority....
1)A dedicated Fab for SSD's and DRAM's
2)A couple of Fab's for processors and sensors
3)A dedicated Fab for Hard disk drives
4)Fab for display making like flat panel and OLED's

 

[Indx TechStyle]

We need Semiconductor Fab's as at most priority....
1)A dedicated Fab for SSD's and DRAM's
2)A couple of Fab's for processors and sensors
3)A dedicated Fab for Hard disk drives
4)Fab for display making like flat panel and OLED's

First of them, memory type semiconductor manufacturing for SD cards will come first!
http://defenceforumindia.com/forum/...d-semiconductor-manufacturing-industry.77940/

 

[tharun]

Can any one clear my doubts...
Is every semiconductor fabs is used for one specific or for multiple uses?
Like only microprocessors are made or any memory product..
Because i found this....

 

[tharun]

First of them, memory type semiconductor manufacturing for SD cards will come first!
http://defenceforumindia.com/forum/...d-semiconductor-manufacturing-industry.77940/

But we are behind in the semiconductor race....looks like china is building too many so they can export..but there is a catch..

• Will China be able to design and manufacture memory chips on its own?
• If not, will China be able to buy out global chip companies with memory technologies?
• If CFIUS (the Committee on Foreign Investment in the United States) won’t allow such M&A’s, from whom will China license cutting-edge memory technologies?

 

[Indx TechStyle]

But we are behind in the semiconductor race....looks like china is building too many so they can export..but there is a catch..

• Will China be able to design and manufacture memory chips on its own?
• If not, will China be able to buy out global chip companies with memory technologies?
• If CFIUS (the Committee on Foreign Investment in the United States) won’t allow such M&A’s, from whom will China license cutting-edge memory technologies?

No, dominator for advanced chips & many other equipments which are used in smartphones is Taiwan, not China.
Taiwan manufactures chips upto 16 & even 10nm which leaves China's 28nm & India's 180nm way behind.
Just like us, China also actually assembles smartphones but at a larger scale and more indigenized way.
Though, China makes many low end products which we can't even for now.

China is a latecomer in mobile manufacturing industry against East Asia & West meanwhile, India has started raising it's head. They hold mass manufacturing of mostly 300nm chips manufacturing which isn't a challenge for India either.

Given the sanctions, India was deprived from most technologies while China got our slice too. Now, sanctions are over, OEMs are coming to India plus India itself has learnt and done a lot.

For manufacturing 10nm chips, you need to invest $100 billions today at that place, obviously its a challenge for developing countries. A long way will be there to go even after we start doing it.

Late is always better than never anyway, let's hope for best.

 

[Divesh Shirsat]

Tax breaks, infra push top markets' Budget 2017 expectations
http://www.business-standard.com/bu...-budget-2017-expectations-117011900556_1.html
As the Narendra Modi-led government prepares to present the Budget on February 01 after the big bang demonetisation move in November, the markets have clawed back from their recent December lows with the S&P BSE Sensex rallying nearly six per cent to over 27,200 levels.
The rally in the mid-and small-cap indices has been sharper with the S&P BSE Mid-cap and the S&P BSE Small-cap indices surging around 11 per cent each during this period.
So what does this Budget hold in store, and what are the markets expecting from the Finance Minister this time around?

The markets, analysts say, are primed with the expectation that the Budget will be focussed primarily on reinforcing the 'black money crackdown' theme with a secondary focus on delivering token payments to the poor as well as income tax cuts. The government now will have the opportunity to signal its unbridled economic priorities within the broader ambit of prudent fiscal consolidation.
Read more here.

 

[Bahamut]

Bloomberg countries Innovative index...India is at 45
View attachment 13165

Modi should put now a professional in the HRD minstery do we can improve our HRD, we still lose our best mind to West, granted it has reduced.

 

[tharun]

Modi should put now a professional in the HRD minstery do we can improve our HRD, we still lose our best mind to West, granted it has reduced.

Or we can do it another way standardize every engineering college with IIT curriculum..so that we can produce better engineers...
Or If any one wants govt education subsidy they should serve their country(in govt) for two years after education
Increase IIT to 100....each state with at least 3 IIT's...Increase in Masters admissions and PHD

 

[Divesh Shirsat]

There has a hullabaloo over Government's demonetisation move, but a recent survey says that majority of Indians trust the step taken by Modiji.

Maximum Indians support PM Modi's demonetisation move
The key findings of the survey by Nihilent Analytics:

• Majority of Indians trusts the Government in its demonetisation move 66 percent of India stands in favor of demonetisation;

• Demonetisation will reach its logical conclusion. 65 percent people feel that leadership is capable enough to take it to completion;

• Demonetisation a panacea for terror, corruption and black money 65 percent of the respondents feel demonetisation will help reduce black money, fight corruption and reduce funding of terrorism;

• Women more positive about the move than men 68 percent females see value in this move as compared to 65.5 percent of males;

• North says more pain, others disagree 68.70 percent of West India is extremely positive about the move. North has expressed that it is facing more pain than South and East zone of the country.
Read more here: http://www.business-standard.com/ar...odi-s-demonetisation-move-117012301080_1.html

 

[Bahamut]

Or we can do it another way standardize every engineering college with IIT curriculum..so that we can produce better engineers...
Or If any one wants govt education subsidy they should serve their country(in govt) for two years after education
Increase IIT to 100....each state with at least 3 IIT's...Increase in Masters admissions and PHD

Our quality of teacher in most colleges is bad except for a few, plus we can do what Singapore, Israel and Russia have establish large technology incubator where you have all the necessary equipment and guidences so that people can bring their idea into a product and sell it.
We can bring some NRI professor back into country so that they can give better teaching

 

[sukhish]

Our quality of teacher in most colleges is bad except for a few, plus we can do what Singapore, Israel and Russia have establish large technology incubator where you have all the necessary equipment and guidences so that people can bring their idea into a product and sell it.
We can bring some NRI professor back into country so that they can give better teaching

its still a long way to go. first a steady and stable society needs to be developed. by looking at the circus going around I don't find whole lot of confidence.

 

[CrYsIs]

Our quality of teacher in most colleges is bad except for a few, plus we can do what Singapore, Israel and Russia have establish large technology incubator where you have all the necessary equipment and guidences so that people can bring their idea into a product and sell it.
We can bring some NRI professor back into country so that they can give better teaching

Not just teachers,but majority of schools,colleges and educational institutions are horrible.No wonder why an average Indian kid in class 5 cannot even do basic class 2 math or write a single sentence in English.

I have interviewed many engineering graduates for the apprentice program,most mechanical grads could not even differentiate between a nut and a bolt,the electrical engineers could not tell the difference between ampere and volts,the computer science ones were unable to write a simple C program to add two numbers.

 

[Chinmoy]

Or we can do it another way standardize every engineering college with IIT curriculum..so that we can produce better engineers...
Or If any one wants govt education subsidy they should serve their country(in govt) for two years after education
Increase IIT to 100....each state with at least 3 IIT's...Increase in Masters admissions and PHD

Then this might be a right step towards that.........

One engineering test plan
- Common entrance exam proposal from 2018, TN objects

https://www.telegraphindia.com/1170124/jsp/frontpage/story_132080.jsp#.WIcFVLkWTIU

 

[Vishwarupa]

its still a long way to go. first a steady and stable society needs to be developed. by looking at the circus going around I don't find whole lot of confidence.

Yes its a very long way to go as cancer created in last 65+ years by previous governments cannot be cured so easily.

 

[F-14B]

Not just teachers,but majority of schools,colleges and educational institutions are horrible.No wonder why an average Indian kid in class 5 cannot even do basic class 2 math or write a single sentence in English.

I have interviewed many engineering graduates for the apprentice program,most mechanical grads could not even differentiate between a nut and a bolt,the electrical engineers could not tell the difference between ampere and volts,the computer science ones were unable to write a simple C program to add two numbers.

I know what you mean i have seen indian engineering personel who worked with me in the UAE call subsea connection tubes that are used to connect the topsides to subsea oil wells as waste disposal tubes just imagine my horror

 

[ezsasa]

That's a sight to see....

 

[Kshatriya87]

Work in progress: India improves in Corruption Perception Index

http://dhunt.in/1TBUw?ss=com.apple.UIKit.activity.CopyToPasteboard&s=i

via Dailyhunt


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