Major Uranium reserves found in Srisailam forests

[warrior monk]

Lets see .. but I think we have been making bombs .... amazingly since the past half decade or so the counter of 110 has hardly moved.

Yeah we have between 0 to 1800 warheads , 1800 if all our fissile material is Pu 239 that is we have been running our reactors on low burnup continuously which is very difficult due to our uranium deficits and our refueling machines .
The problem is we have convinced everyone that we are only making Pu 239 from our Dhruva and CIRUS reactors

 

[jamesvaikom]

We should use foreign fuel as long as prices are at an all time low.
Why damage our forests

Price will increase if we stop mining and start importing more uranium to fill our strategic uranium reserve. Mining will always face protests. So if we stop mining now then we will face protest when we restart them. So first let us construct and fill strategic uranium reserve. Then we can reduce mining. As I always say in India consumption of oil, coal etc. are causing more environmental problems than mining and production. So only way to protect our environment is to control consumption by population control and not by reducing mining or production. If we control consumption then we will need only less mining and production. Also instead of trying to boost our exports we should try to make what we need and reduce imports.

 

[Rowdy]

Price will increase if we stop mining and start importing more uranium to fill our strategic uranium reserve. Mining will always face protests. So if we stop mining now then we will face protest when we restart them. So first let us construct and fill strategic uranium reserve. Then we can reduce mining. As I always say in India consumption of oil, coal etc. are causing more environmental problems than mining and production. So only way to protect our environment is to control consumption by population control and not by reducing mining or production. If we control consumption then we will need only less mining and production. Also instead of trying to boost our exports we should try to make what we need and reduce imports.

disagree. please check global commodity prices.

 

[jamesvaikom]

disagree. please check global commodity prices.

Like stock markets commodities also have bull and bear markets. During bear market many companies will become bankrupt and production will reduce. Then price will start going up. If we stop production then when price goes down then it will be difficult to restart production when price goes up as mining always face protests. Also unlike other commodities its difficult to trade uranium. So if we stop production then sellers will demand high rates. We always remain trade deficit country even when commodity price goes down. Commodities related to energy are our main imports. So its foolish to stop mining or production. The only way to protect environment is to control consumption and not by stoping production or mining.

 

[Rowdy]

Like stock markets commodities also have bull and bear markets. During bear market many companies will become bankrupt and production will reduce. Then price will start going up. If we stop production then when price goes down then it will be difficult to restart production when price goes up as mining always face protests. Also unlike other commodities its difficult to trade uranium. So if we stop production then sellers will demand high rates. We always remain trade deficit country even when commodity price goes down. Commodities related to energy are our main imports. So its foolish to stop mining or production. The only way to protect environment is to control consumption and not by stoping production or mining.

The world is in a depression my friend. Copper hit a 6 month low and demand everywhere is falling including china... In china .. the electricity consumption rose the slowest in 30 yrs i.e. 1.3% with many provinces having negative growth. With the increased availability of Oil and further drop in Coal , the demand for Uranium will keep falling.

As I said , we need not damage our environment and pay a larger Long term cost ... Uranium prices fluctuate less too ... and demand is in a sump due to fukushima ... so relax.... And damage from coal burning cannot be compared to damage from deforestation. In the latter case a whole eco-system is destroyed that cannot be reclaimed even if you plant all the trees back Coal burning causes global warming where the damage is spread throughout the planet.

 

[jamesvaikom]

The world is in a depression my friend. Copper hit a 6 month low and demand everywhere is falling including china... In china .. the electricity consumption rose the slowest in 30 yrs i.e. 1.3% with many provinces having negative growth. With the increased availability of Oil and further drop in Coal , the demand for Uranium will keep falling.

As I said , we need not damage our environment and pay a larger Long term cost ... Uranium prices fluctuate less too ... and demand is in a sump due to fukushima ... so relax.... And damage from coal burning cannot be compared to damage from deforestation. In the latter case a whole eco-system is destroyed that cannot be reclaimed even if you plant all the trees back Coal burning causes global warming where the damage is spread throughout the planet.

http://www.tradingeconomics.com/india/balance-of-trade

If commodity price is so cheap then why we are still facing trade deficit? The fact is that demand for commodities are still high compared to demand for products we export. Don't forget that commodities related to energy are our main imports. Greece is facing financial crises because they are spending more money than they earn. We will also face crises if we import more than what we could afford. Its not easy to trade uranium. No country will sell uranium just because they have surplus uranium. If we need to fill our strategic uranium reserve then we will need to increase imports manifold. If we stop mining then sellers will demand high rates. Also we can't use imported uranium for defence purposes. As I said earlier consumption of oil, coal etc. are causing more environmental problems than mining and production. If we control consumption then we will need only less mining and production. Now we are importing coal, uranium etc. If our consumption and population continue to increase like now then we will start importing sand, rocks, wood etc. In my state Kerala more than 95% deforestation is done for farming and constructing homes. How can we protect our environment when we are forced to do deforestation for our basic needs like food and shelter? Also this is not the only time commodity price went down. When price goes down then many companies will become bankrupt. Then production will reduce. Then price will go up again. This cycle will happen again and again. There are many unexpected triggers like wars, earthquakes etc. that change depression to bull market.

 

[Rowdy]

http://www.tradingeconomics.com/india/balance-of-trade

If commodity price is so cheap then why we are still facing trade deficit? The fact is that demand for commodities are still high compared to demand for products we export. Don't forget that commodities related to energy are our main imports. Greece is facing financial crises because they are spending more money than they earn. We will also face crises if we import more than what we could afford. Its not easy to trade uranium. No country will sell uranium just because they have surplus uranium. If we need to fill our strategic uranium reserve then we will need to increase imports manifold. If we stop mining then sellers will demand high rates. Also we can't use imported uranium for defence purposes. As I said earlier consumption of oil, coal etc. are causing more environmental problems than mining and production. If we control consumption then we will need only less mining and production. Now we are importing coal, uranium etc. If our consumption and population continue to increase like now then we will start importing sand, rocks, wood etc. In my state Kerala more than 95% deforestation is done for farming and constructing homes. How can we protect our environment when we are forced to do deforestation for our basic needs like food and shelter? Also this is not the only time commodity price went down. When price goes down then many companies will become bankrupt. Then production will reduce. Then price will go up again. This cycle will happen again and again. There are many unexpected triggers like wars, earthquakes etc. that change depression to bull market.

These are problems in our economy due to our secular leadership of 60 yrs. Commodity prices are low and will remain low to moderate for atleast the next 5 yrs. A good time to make infra and ramp up exports. What we need is to increase the purchasing power of the population so they can afford cleaner energy and this is the time to do just that. Anyway due to lack of population in developed world, the demand will never be that high.
Kerala is a $hithole (no offence just telling the truth) , In MP we are no 1 in grain production and have reduced our agri-land by a few percentages. Due to commies your farms are too small to apply modern tech.

 

[jamesvaikom]

These are problems in our economy due to our secular leadership of 60 yrs. Commodity prices are low and will remain low to moderate for atleast the next 5 yrs. A good time to make infra and ramp up exports. What we need is to increase the purchasing power of the population so they can afford cleaner energy and this is the time to do just that. Anyway due to lack of population in developed world, the demand will never be that high.
Kerala is a $hithole (no offence just telling the truth) , In MP we are no 1 in grain production and have reduced our agri-land by a few percentages. Due to commies your farms are too small to apply modern tech.

Demand for our products are lower than demand for commodities we import. Production also cause environmental problems. Many farmers are facing problems because factories are using huge quantity of water. What we need is to reduce dependency on imports and exports and mine and produce what we consume.

Even legendary investor Warren Buffett made mistake by investing in oil related stocks in 2008. Do you think you can predict commodity price better than Warren Buffett? Do you think big companies will spend money for mining if they think that commodity price won't go up in next 5 years? Do you think countries which export commodities can sell commodities at lower rates but they can't sell products made using those commodities at lower rates? Millions of people in our country don't have power connection. So if purchasing power of people increase then number of people applying for electricity connection will be many times higher than people buying solar panels. For that we need to generate more power. We need to mine rare earth metals and minerals to construct solar panels and wind turbines. Do you want us to import that also. If our companies are overdependent on raw material imports then how can they compete with their foreign counterparts who have captive mines? Why do you think that commodity price will go down due to low population growth in developed countries but demand for our products will go up? I agree that developed countries will face saturation. But population growth is very high in African countries. Economic growth in those countries can cause increase in demand for commodities. Even in our country majority people don't have basic facilities. Increase in their standard of living can also create demand for commodities. In past multi national companies invested huge money in China. Now they are shifting from China to India. In future they may shift to Africa or other developing countries. Your view about compensating high imports with high exports is not possible. If we are facing trade deficit when commodity price is down then how can we reduce trade deficit when price goes up? If you are confident about compensating high imports with high exports then wait till we make trade surplus then we can think about mining ban.

Kerala is a densely populated state. But people in Western Ghats have enough land and they are earning enough money from farming. We don't have coal or uranium mines. We have only less factories. Still we are lossing our greenery. Shifting from huts to concrete homes caused environmental problems. But that helped us to increase standard of living and life expectancy. Forget Kerala almost all landslides in India are caused due to deforestation for farming and constructing homes.

Now we are importing coal, uranium etc. The quantity of sand and rocks we mine are many times higher than coal and uranium. Do you want us to import sand and rocks also? Kerala is already importing sand and woods from countries like Cambodia. If consumption and population continue to increase like this then other states will also start importing sand, rocks, wood etc.

So the only way to protect environment is to reduce consumption and population growth. Overdependence on imports and exports will force us to make compromise on foreign policies.

 

[Rowdy]

Production also cause environmental problems. Many farmers are facing problems because factories are using huge quantity of water. What we need is to reduce dependency on imports and exports and mine and produce what we consume.

This is just in your brain/imagination.

Do you think big companies will spend money for mining if they think that commodity price won't go up in next 5 years?

except they have spent money as capex already for mines/shale wells etc and need to recover it.

Do you think countries which export commodities can sell commodities at lower rates but they can't sell products made using those commodities at lower rates?

CAPEX+ lower cost of labor + pool of workers (HR) else everyone woul be manufacturing hub e.g. Brazil.

So if purchasing power of people increase then number of people applying for electricity connection will be many times higher than people buying solar panels. For that we need to generate more power

We have enough power....the reason for blackouts is that the state discoms cannot purchase power as they have to subsidize it.

We need to mine rare earth metals and minerals to construct solar panels and wind turbines. Do you want us to import that also.

Rare earth are extremely poisonous so yes. As much as it is pragmatic.

If our companies are overdependent on raw material imports then how can they compete with their foreign counterparts who have captive mines? Why do you think that commodity price will go down due to low population growth in developed countries but demand for our products will go up?

Because we are a consumption led economy and our price advantage comes from low prices due to economics of scale + low cost of living

I agree that developed countries will face saturation. But population growth is very high in African countries. Economic growth in those countries can cause increase in demand for commodities. Even in our country majority people don't have basic facilities. Increase in their standard of living can also create demand for commodities

Most of them are embroiled in conflicts ... they will find it hard to reach our levels.

In past multi national companies invested huge money in China. Now they are shifting from China to India. In future they may shift to Africa or other developing countries

Some like Foxconn will....lots will not simply because we have also a good service/RnD industry. High tech players will stay .

If we are facing trade deficit when commodity price is down then how can we reduce trade deficit when price goes up? If you are confident about compensating high imports with high exports then wait till we make trade surplus then we can think about mining ban.

Because this word is missing from the communist manifesto VALUE ADDITION

 

[Rowdy]

Kerala is a densely populated state. But people in Western Ghats have enough land and they are earning enough money from farming. We don't have coal or uranium mines. We have only less factories. Still we are lossing our greenery. Shifting from huts to concrete homes caused environmental problems. But that helped us to increase standard of living and life expectancy. Forget Kerala almost all landslides in India are caused due to deforestation for farming and constructing homes.

Now we are importing coal, uranium etc. The quantity of sand and rocks we mine are many times higher than coal and uranium. Do you want us to import sand and rocks also? Kerala is already importing sand and woods from countries like Cambodia. If consumption and population continue to increase like this then other states will also start importing sand, rocks, wood etc.

Kerala is suffering due to its own foolishness ... you don't have too many people, you have too many farmers because you have no industry ... check out MP and GUJ ... our forest and wild life population has gone up esp. lions in GIR.
On a side note , the new central govt formula for disbursal of funds includes % of forest cover as a parameter so kerala will lose money every year too.

So the only way to protect environment is to reduce consumption and population growth. Overdependence on imports and exports will force us to make compromise on foreign policies.

First sentence i agree.
Not really as we capture the resources of a country and our companies control it's economy ... the dependence goes 2 ways

 

[jamesvaikom]

This is just in your brain/imagination.

If you google then you will find many links about farmers protesting against factories due to water shortages. There are other risks like the gas tragedy happened in your state.

except they have spent money as capex already for mines/shale wells etc and need to recover it.

Do you think they can maintain output for next 5 years even if they don't spend money for capex for next 5 years? How will they repay debt they took in past for capex? Companies which have money may try to make products instead of selling raw materials while companies which don't have money may become bankrupt.

CAPEX+ lower cost of labor + pool of workers (HR) else everyone woul be manufacturing hub e.g. Brazil.

Over-dependence on low cost labour is very bad. How will we improve our standard of living if our workers earn very less compared to their foreign counterparts?

We have enough power....the reason for blackouts is that the state discoms cannot purchase power as they have to subsidize it.

How can people buy power at higher rates when they are part of cheap work force? Power companies are facing huge debts. If discoms are buying only less power now then they will buy even lesser quantity if power companies face mining ban. Best way to promote clean energy is to mine more coal and then increase clean energy cess on coal. This will help reduce coal mining and consumption in long term.

Rare earth are extremely poisonous so yes. As much as it is pragmatic.

We are facing trade deficit even when commodity price is low, per capita consumption is low, use dirty fuel, cheap work force etc. So how can we import more when there risk of commodity price going up, increase in per capita consumption, increase in consumption due to population growth, increase in labor cost etc?

Because we are a consumption led economy and our price advantage comes from low prices due to economics of scale + low cost of living

We are in a consumption led economy. But how will we pay for our consumption? Should we follow Greece by spending more than what we earn? Or should we continue to work like slaves in Middle East countries and depend on remittance from NRIs to compensate trade deficit? Why do you think that demand for our exports increase when demand for commodities reduce? The fact is demand for our exports always remain lower than demand for our exports. If we can't increase exports now then how can we increase exports if we stop mining? I agree with economies of scale. How will our standard of living improve if we consider low cost of living as an advantage? What is the use of economic growth if people remain poor?

Most of them are embroiled in conflicts ... they will find it hard to reach our levels.

Even our North East states are facing similar problems. Economic growth could reduce conflicts. They have cheaper work force and more raw materials than us. Few leaders with determination could change the fate of those countries.

Because this word is missing from the communist manifesto VALUE ADDITION

If you are so confident then why can't you wait till we become trade surplus? What is the difference between Greece and us? Greece is spending more than what it could afford. You want us to import more than what we could afford? If companies can't increase exports when they have captive mines then how can they do the same when they import raw materials?

Kerala is suffering due to its own foolishness ... you don't have too many people, you have too many farmers because you have no industry ... check out MP and GUJ ... our forest and wild life population has gone up esp. lions in GIR.
On a side note , the new central govt formula for disbursal of funds includes % of forest cover as a parameter so kerala will lose money every year too.

We have very less farmers compared to other states. Our main income is remittance from NRIs. Our state is a densely populated state. We don't have coal or uranium mines. We have less factories. Still we are facing environmental problems. These are proofs that consumption can cause more problems than mining and production atleast in densely populated areas.

Now our population growth is very less. It will become 0 in next decade. So we won't need to construct many houses in future. So it won't be difficult to maintain current forest cover.

Not really as we capture the resources of a country and our companies control it's economy ... the dependence goes 2 ways

Citizens of Middle East countries like Saudi Arabia are earning more money as dividend from state oil companies than Indians who work in those companies earn. They produce oil using Indian work force. We buy oil from them. They use some money we pay for oil to employ us to construct their homes, work in their kitchen, hospitals etc. Our oil consumption is helping them live luxurious live. Nothing wrong in that. But they are using excess money they earn to provide free oil to Pakistan and to fund ISI activity in India. If Pakistan earn more money as free oil or any other means then they will spend more money for extremists in India.

 

[Rowdy]

If you google then you will find many links about farmers protesting against factories due to water shortages. There are other risks like the gas tragedy happened in your state.

That's not true. I'm in MP and we have many factories plus $500mil exports from our auto cluster and we manufacture Volvo and Eicher and Engines for Ford in MP (these are top few products I could think of). We never had protests for lack of water. In Gujarat , the water table has INCREASED.
if you have that problem then
a) It's Kerala specific
b) It's due to mismanagement.

Do you think they can maintain output for next 5 years even if they don't spend money for capex for next 5 years? How will they repay debt they took in past for capex? Companies which have money may try to make products instead of selling raw materials while companies which don't have money may become bankrupt.

Capex money is spent once... e.g for digging up and making a mine , and must be recovered by selling the product. They have already put in the capex and must recover it. When they take loan for CAPEX, they already have a minimum price in mind which has already been breached. e.g. US Shale producers are bleeding right now. they need oil at 60$ to survive. They can't dig new wells.
And it is not easy to go from RM to finished goods and very few industries o that as that would require even more Capex-> More debt , not possible in low priced state of commodities.

Over-dependence on low cost labour is very bad. How will we improve our standard of living if our workers earn very less compared to their foreign counterparts?

How do you think china started... these things take time. They will move up the value chain. And low wage is because COST OF LIVING IN INDIA IS LOW, not because we keep them poor.

How can people buy power at higher rates when they are part of cheap work force? Power companies are facing huge debts. If discoms are buying only less power now then they will buy even lesser quantity if power companies face mining ban. Best way to promote clean energy is to mine more coal and then increase clean energy cess on coal. This will help reduce coal mining and consumption in long term.

CHEAP=CHEAP in global standards e.g. Indian fresh graduate earns as much as a part time worker in germany. But both have similar lifestyles.
Cheap does not mean we pay them 2000Rs a month... that is Indian Cheap. In India a PERMANENT Laborer begins at 25k a month + benefits. Not bad for fresh high school pass + cheap ITI edu.

We are facing trade deficit even when commodity price is low, per capita consumption is low, use dirty fuel, cheap work force etc. So how can we import more when there risk of commodity price going up, increase in per capita consumption, increase in consumption due to population growth, increase in labor cost etc?

Our trade deficit is concentrated on Petrol, Gold and Electronics mostly. Petrol and Gold must be imported and Electronics is what the govt. is pushing for Make in India. Apart from that when our exports pick up , we will reduce our deficit. The trick is ramping up our exports BEFORE the 5 yr or so period that commodities shoot up which is unlikely due to dying demand.

Even our North East states are facing similar problems. Economic growth could reduce conflicts. They have cheaper work force and more raw materials than us. Few leaders with determination could change the fate of those countries.

Conflicts in Africa are not like NCNS guerrilla war/Naxals, they are like Boko Haram, full of Mass rapes and war crimes. No comparison.

If you are so confident then why can't you wait till we become trade surplus? What is the difference between Greece and us? Greece is spending more than what it could afford. You want us to import more than what we could afford? If companies can't increase exports when they have captive mines then how can they do the same when they import raw materials?

We cannot wait because we are at our demographic dividend .... we need to capture our niche now when prices are low because it takes time to build a brand and make a business reputation.
THE DIFFERENCE between Greece and Us is that we can DEFLATE our currency. Thereby reduce our internal debt (vast majority of debt) which makes payment easy if you borrow in INRs and earn in US$(Hence pay EMI in Rs.) . This does not mean a country is poor , hell 1 INR= .5 Yen .. so is japan poor?
Greece could not deflate as it had no control over the Euro.

We have very less farmers compared to other states. Our main income is remittance from NRIs. Our state is a densely populated state. We don't have coal or uranium mines. We have less factories. Still we are facing environmental problems. These are proofs that consumption can cause more problems than mining and production atleast in densely populated areas.

Now our population growth is very less. It will become 0 in next decade. So we won't need to construct many houses in future. So it won't be difficult to maintain current forest cover.

Sorry your state is hopeless simply because the young are fleeing to the Gelf or drink booze all day. It is also suffering from leftist parasites that have squeezed any hopes of Industry.

Citizens of Middle East countries like Saudi Arabia are earning more money as dividend from state oil companies than Indians who work in those companies earn. They produce oil using Indian work force. We buy oil from them. They use some money we pay for oil to employ us to construct their homes, work in their kitchen, hospitals etc. Our oil consumption is helping them live luxurious live. Nothing wrong in that. But they are using excess money they earn to provide free oil to Pakistan and to fund ISI activity in India. If Pakistan earn more money as free oil or any other means then they will spend more money for extremists in India.

This is a completely separate topic. but now we have more player on the oil scene like US and Iran. Oil is gonna be cheap.

Finally. I think you don't understand basic economic principles .. Whatever I have written I have seen working in Gujarat .... So much so that the Guj CM travels in a Private Jet (Yes the state has it's own for overseas trips of the CM). MP is a power surplus state heading for power 24x7 in 2018 (We are sorting our distribution and debt issues) and this was attained in just one decade.
Kerala is a failed state, however it gets good HDI because it's small and easy to govern + some positives of Communist policies (That have led to long term -ves )

 

[Compersion]

Can we send a little of our Indian uranium to taiwan and Japan ... Is it not possible and illegal ?? What does npt and IAEA say

 

[jamesvaikom]

That's not true. I'm in MP and we have many factories plus $500mil exports from our auto cluster and we manufacture Volvo and Eicher and Engines for Ford in MP (these are top few products I could think of). We never had protests for lack of water. In Gujarat , the water table has INCREASED.
if you have that problem then
a) It's Kerala specific
b) It's due to mismanagement.

I read many articles on protest by farmers in states like Maharashtra against diverting water from dams to factories. You are storing more water in your dams to avoid water shortage. Farmers in your state are protesting against increasing water-level in your dam. If you had less factories then you won't need to store that much water. I am not against production. What I am saying is, like mining, production also have problems. How can you say that production don't have any risk when your state faced worst gas leak in our history? Your exports will reduce if you import all raw materials from abroad. Anyway $500 million is not a big amount for bigger states like MP.

Capex money is spent once... e.g for digging up and making a mine , and must be recovered by selling the product. They have already put in the capex and must recover it. When they take loan for CAPEX, they already have a minimum price in mind which has already been breached. e.g. US Shale producers are bleeding right now. they need oil at 60$ to survive. They can't dig new wells.
And it is not easy to go from RM to finished goods and very few industries o that as that would require even more Capex-> More debt , not possible in low priced state of commodities.

There is huge difference between Capex in factories and mines. No Govt. in any country will sell all mines at one go. They usually auction new mines after cleanup of old mines. In big mines they need to cleanup mined area before mining other parts of the mine. Oil companies will first construct wells in places where easy oil is available. After extracting easy oil then if oil price is high then they will construct wells in places where oil is available deeper or less quantity. Mining companies also do the same. They will first dig places where the concentration of the substance is high. Operating cost will keep on increasing as concentration keep on reducing. So they won't be able to make operating profit from older mines when price goes down.

How do you think china started... these things take time. They will move up the value chain. And low wage is because COST OF LIVING IN INDIA IS LOW, not because we keep them poor.

Low population growth and density helped China utilize more land for mining and production. Eventhough their Govt. used force its easy to acquire land in places with low population density than in places with high population density. China had cheap work force. But if they were overdependent on cheap workforce then they would have remained poor. Why do you think our cost of living is less? Cost of power or any other product is low either because we have enough raw materials or because we have cheap work force.

CHEAP=CHEAP in global standards e.g. Indian fresh graduate earns as much as a part time worker in germany. But both have similar lifestyles.
Cheap does not mean we pay them 2000Rs a month... that is Indian Cheap. In India a PERMANENT Laborer begins at 25k a month + benefits. Not bad for fresh high school pass + cheap ITI edu.

That is because of the huge difference in lifestyles of blue-collar workers in India and Germany. If standard of living of low class people increase then our ( middle class and upper class ) cost of living will increase. If people who earn Rs.2000 per month start earning Rs.25000 for the same job then middle class people who earn Rs. 25000 or more will have to pay more to maintain the lifestyle.

Our trade deficit is concentrated on Petrol, Gold and Electronics mostly. Petrol and Gold must be imported and Electronics is what the govt. is pushing for Make in India. Apart from that when our exports pick up , we will reduce our deficit. The trick is ramping up our exports BEFORE the 5 yr or so period that commodities shoot up which is unlikely due to dying demand.

Consumption of petrol can we reduced if we depend more on rail and metros for transportation of goods and passengers. We need cheap raw materials to construct more infrastructures with available funds. Again you are saying the same thing again and again. Why will demand for our products increase when demand for raw materials are reducing due to low demand from factories? Why do you think we can export more using imported raw materials even when we can't increase exports when our companies have captive mines? If you are confident about increasing exports then why can't you wait till we become trade surplus? The fact is commodity prices are still very high compared to cost of mining from our mines. If raw material imports becomes cheaper then companies will start importing even without any mining bans.

We cannot wait because we are at our demographic dividend .... we need to capture our niche now when prices are low because it takes time to build a brand and make a business reputation.
THE DIFFERENCE between Greece and Us is that we can DEFLATE our currency. Thereby reduce our internal debt (vast majority of debt) which makes payment easy if you borrow in INRs and earn in US$(Hence pay EMI in Rs.) . This does not mean a country is poor , hell 1 INR= .5 Yen .. so is japan poor?
Greece could not deflate as it had no control over the Euro.

If we can't wait then our exports will reduce. If we can't increase exports when we we get cheaper raw materials from our mines then how can we increase exports by using relatively expensive imported raw materials?

Please check historic chart of yen. Cost of one $ was 300 yen in 1972. Now its 124. The main reason why we deflate our currency is because we can't reduce salaries even if inflation becomes negative. We faced huge inflation whenever our currency faced huge deflation. Cost of raw materials we import will also increase when our currency depreciate. Our interest rates are many times higher than developed countries. Interest rates are directly proportional to inflation. If we try to deflate our currency to repay debts then we will face hyperinflation.

Finally. I think you don't understand basic economic principles .. Whatever I have written I have seen working in Gujarat .... So much so that the Guj CM travels in a Private Jet (Yes the state has it's own for overseas trips of the CM). MP is a power surplus state heading for power 24x7 in 2018 (We are sorting our distribution and debt issues) and this was attained in just one decade.
Kerala is a failed state, however it gets good HDI because it's small and easy to govern + some positives of Communist policies (That have led to long term -ves )

I do understand economics. I am a trader/investor in stock market since Feb 2008. I earned decent returns from my investments because I do opposite to what majority thinks. What is working in Gujarat? Never heard any leader from Gujarat oppose mining. I am here to support mining and not to oppose production. Good for you if you get 24*7 power. Many power companies invested in your state because you have enough coal mines. I don't think they can make profit with imported coal. Anyway I don't think Central Govt. or your state Govt. will try to reduce mining. Actually Central Govt. is trying to encourage private sector participation in mining industry.

Small state is not an advantage. We can't construct factories without land. Nobody will protest if we construct factories in barren land. Unlike states like Gujarat we don't have barren land. Our main positive is people know how to earn enough money for their family. At the end of the day what matters more is how much we earn and how is our standard of living. Our NRI remittances crossed Rs.1 lakh crore per year. Our IT export will touch Rs.15000 crore this year. 2 Lakh jobs in IT industry from a small state like kerala is not a small thing. Large No. of IT professionals working in IT cities like Bengaluru are from our state. So it won't be difficult for us to maintain high growth in IT industry and encourage reverse brain drain. IT industry cause less environmental problems compared to factories. Also more jobs can be created in less area.

 

[Rowdy]

I read many articles on protest by farmers in states like Maharashtra against diverting water from dams to factories. You are storing more water in your dams to avoid water shortage. Farmers in your state are protesting against increasing water-level in your dam. If you had less factories then you won't need to store that much water. I am not against production. What I am saying is, like mining, production also have problems. How can you say that production don't have any risk when your state faced worst gas leak in our history? Your exports will reduce if you import all raw materials from abroad. Anyway $500 million is not a big amount for bigger states like MP.

There is huge difference between Capex in factories and mines. No Govt. in any country will sell all mines at one go. They usually auction new mines after cleanup of old mines. In big mines they need to cleanup mined area before mining other parts of the mine. Oil companies will first construct wells in places where easy oil is available. After extracting easy oil then if oil price is high then they will construct wells in places where oil is available deeper or less quantity. Mining companies also do the same. They will first dig places where the concentration of the substance is high. Operating cost will keep on increasing as concentration keep on reducing. So they won't be able to make operating profit from older mines when price goes down.

Low population growth and density helped China utilize more land for mining and production. Eventhough their Govt. used force its easy to acquire land in places with low population density than in places with high population density. China had cheap work force. But if they were overdependent on cheap workforce then they would have remained poor. Why do you think our cost of living is less? Cost of power or any other product is low either because we have enough raw materials or because we have cheap work force.

That is because of the huge difference in lifestyles of blue-collar workers in India and Germany. If standard of living of low class people increase then our ( middle class and upper class ) cost of living will increase. If people who earn Rs.2000 per month start earning Rs.25000 for the same job then middle class people who earn Rs. 25000 or more will have to pay more to maintain the lifestyle.

Consumption of petrol can we reduced if we depend more on rail and metros for transportation of goods and passengers. We need cheap raw materials to construct more infrastructures with available funds. Again you are saying the same thing again and again. Why will demand for our products increase when demand for raw materials are reducing due to low demand from factories? Why do you think we can export more using imported raw materials even when we can't increase exports when our companies have captive mines? If you are confident about increasing exports then why can't you wait till we become trade surplus? The fact is commodity prices are still very high compared to cost of mining from our mines. If raw material imports becomes cheaper then companies will start importing even without any mining bans.

If we can't wait then our exports will reduce. If we can't increase exports when we we get cheaper raw materials from our mines then how can we increase exports by using relatively expensive imported raw materials?

Please check historic chart of yen. Cost of one $ was 300 yen in 1972. Now its 124. The main reason why we deflate our currency is because we can't reduce salaries even if inflation becomes negative. We faced huge inflation whenever our currency faced huge deflation. Cost of raw materials we import will also increase when our currency depreciate. Our interest rates are many times higher than developed countries. Interest rates are directly proportional to inflation. If we try to deflate our currency to repay debts then we will face hyperinflation.

I do understand economics. I am a trader/investor in stock market since Feb 2008. I earned decent returns from my investments because I do opposite to what majority thinks. What is working in Gujarat? Never heard any leader from Gujarat oppose mining. I am here to support mining and not to oppose production. Good for you if you get 24*7 power. Many power companies invested in your state because you have enough coal mines. I don't think they can make profit with imported coal. Anyway I don't think Central Govt. or your state Govt. will try to reduce mining. Actually Central Govt. is trying to encourage private sector participation in mining industry.

Small state is not an advantage. We can't construct factories without land. Nobody will protest if we construct factories in barren land. Unlike states like Gujarat we don't have barren land. Our main positive is people know how to earn enough money for their family. At the end of the day what matters more is how much we earn and how is our standard of living. Our NRI remittances crossed Rs.1 lakh crore per year. Our IT export will touch Rs.15000 crore this year. 2 Lakh jobs in IT industry from a small state like kerala is not a small thing. Large No. of IT professionals working in IT cities like Bengaluru are from our state. So it won't be difficult for us to maintain high growth in IT industry and encourage reverse brain drain. IT industry cause less environmental problems compared to factories. Also more jobs can be created in less area.

Let's just agree to disagree .... what we are doing is paying us dividents. and $500mil was export from one town in MP not whole of MP.
Our farmers are happy too we produce THE highest amount of grain in India (More than Punjab) and 40% of India's organic farming is done in MP.
Read the following

http://articles.economictimes.india...na-certified-organic-farming-national-mission

http://www.dailymail.co.uk/indiahom...-new-grain-bowl-food-production-jumps-19.html

http://www.hindustantimes.com/bhopal/mp-tops-country-in-agriculture--growth/article1-1081479.aspx

http://articles.economictimes.india...7349586_1_silos-foodgrain-storage-9-districts

http://www.hindustantimes.com/madhy...hya-pradesh-has-surplus/article1-1260346.aspx

The Proof of pudding is in the eating my friend.

 

[I_PLAY_BAD]

Now we will make alternate fuel cycles . Instead of wasting our money on foreign reactors we should only concentrate on our Breeder reactors in second and third stages and aim for atleast 45 tonnes of plutonium outside safeguards by 2030 .
If we weaponize it we can atleast assemble 5612 warheads by 2030 but we don't need it as few hundred will do the job and we need the electricity for our economy.

I understand. But I think few tens would suffice.