Indian Economy: News and Discussion

[AnantS]

All R&D in any part of the world comes from GOVT. No country can develop new things from private money. There is none with that much funds to develop new things except government.

Damn Laal Bhujakadh! Even 50 cenyt Chinese Troll show better intelligence than you - considering the tripe you write! You found no evidence of private R&D done anywhere in the world? Take out your head from whatever hole it is in!

Next, India was not a consumer market due to low amount of wealth and resources per capita. It made no snse for any private companies to manufacture high technology civilan items in India before 21st century.

Oh Really!? innovation need not always be in High End class of Goods! I thought you must have known that !

The one thing that irritates me is your complete lack of efforts to analyse the situation and cost benefit analysis of any action. Instead you simply continually keep complaining with cheap and short sighted answers which make no sense for more intelligent people

Same here I too develop irritation in eyes seeing your high on rhetorics and low on fact - long winded non sensical monologues. Do a favor - stop quoting my posts!

 

[Advaidhya Tiwari]

Damn Laal Bhujakadh! Even 50 cenyt Chinese Troll show better intelligence than you - considering the tripe you write! You found no evidence of private R&D done anywhere in the world? Take out your head from whatever hole it is in!

Show me private investment in R&D without government support like funding from defece research funds, tax incentive, guaranteed orders etc. Direct or indirect funding from government is the root cause of all high technology invention

Oh Really!? innovation need not always be in High End class of Goods! I thought you must have known that !

You fool, I have been speaking of invention and high Technology items and you keep changing topics. You are speaking of jugaad. India is the land of jugaad or of cheap innovation. If this is what you are crying for, it is already here.

I am not interested in discussing jugaads. What is needed is real technology, not some adjustments.

 

[AnantS]

Show me private investment in R&D without government support like funding from defece research funds, tax incentive, guaranteed orders etc. Direct or indirect funding from government is the root cause of all high technology invention

use this.

You fool, I have been speaking of inventtii and high Technology items and you keep changing topics. You are speaking of jugaad. India is the land of jugaad or of cheap innovation. If this is what you are crying for, it is already here.

The only fool who is being is you! "Jugaad" "Inventii" .. lol .. You are resident Delinquent of this forum.

 

[Advaidhya Tiwari]

use this.


The only fool who is being is you! "Jugaad" "Inventii" .. lol .. You are resident Delinquent of this forum.

The inventtii was due to my phone having a peculiar issue while typing on this forum and hence autocompletes words in insane manner. Let us not again change topic to grammar

This google was made due to government of USA encouraging companies like intel by providing tens of billion dollars duering 1970-1990 to produce efficient processors. Once the peocessors became far efdicieff, then the technology like computers, internet etc started. The google which you so overenthusiastically pointed is a by product of USA encouraging development of processors and computers for military use. This was then used as a base to produce civilian products like google or other internet websites.

 

[AnantS]

The inventtii was due to my phone having a peculiar issue while typing on this forum and hence autocompletes words in insane manner. Let us not again change topic to grammar

The Pun is on your limited understanding ability...

This google was made due to government of USA encouraging companies like intel by providing tens of billion dollars duering 1970-1990 to produce efficient processors. Once the peocessors became far efdicieff, then the technology like computers, internet etc started. The google which you so overenthusiastically pointed is a by product of USA encouraging development of processors and computers for military use. This was then used as a base to produce civilian products like google or other internet websites.

Oh I did not know Difference Engine 0 was funded by US DoD, or AC/DC current was discovered by DoD. Duh!

 

[Prashant12]

India's forex reserves reclaims $400 bn-mark

Mumbai, Feb 8 India's foreign exchange (forex) reserves has again crossed the $400 billion-mark after a period of around five months.

"Reserves crossing the $400 billion-mark after 5 months is an indication that RBI is building up the reserves. It seems they are buying US dollars to augment reserves," Anindya Banerjee, Deputy Vice President for Currency and Interest Rates with Kotak Securities, told .

"Till recently, the RBI was engaged in defending the rupee and arresting the currency's fall."

According to the Reserve Bank of India (RBI)'s weekly statistical supplement released on Friday, the reserves rose $2.06 billion during the week ended February 1.

The overall forex reserves increased to $400.24 billion from $398.17 billion reported for the week ended January 25.

India's forex reserves comprise Foreign Currency Assets (FCAs), gold reserves, Special Drawing Rights (SDRs) and India's position with the International Monetary Fund (IMF).

On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $1.28 billion to $373.43 billion during the week ended February 1.

Besides the US dollar, FCAs consist of 20-30 per cent of other major global currencies.

The RBI's weekly data showed that the value of the country's gold reserves rose by $764.9 million to $22.68 billion.

The SDR value inched up by $6.2 million to $1.47 billion, while the country's reserve position with the IMF rose by $11.2 million to $2.65 billion.

https://www.outlookindia.com/newsscroll/indias-forex-reserves-reclaims-400-bnmark/1475281

 

[vampyrbladez]

How is having private industry going to do any good in manufacturing? What is so great about private that is not in PSU? Do private people have magic powers? How does licensing of Titanium or other things for current Su30 batch make it difficult to be mass manufactured? The licensing ends with current batch and next batch can be made without any licensed imports.

The keyword is efficiency. Look at Dhanush project and ATAGS project execution. Hell and heaven difference.

How will buying F18 and assembling by Mahindra change anything? Who will manufacture the engine of F18, the radar etc?

Mahindra will do what HAL is doing with Su 30 MKI, make it from knockdown kit and gain technology insertions. Will provide competitive tenders like in US for aviation projects.

How can USA punish India? What is the punishment that will not ruin USA and its European allies in the process?

Sanctions. Will affect India's financial outreach and growth massively. Also blacklisting Indian firms from business and dollar transactions.

What is so special about Yemen war? How can USA be useful there? What is the result? OIC is against Israel and Europe too, not just India. So, it is not that USA will be favoured by OIC

[/QUOTE]

Yemen war is hotbed of Gulf politics. Read about it. Highly interesting event.

 

[Advaidhya Tiwari]

The keyword is efficiency. Look at Dhanush project and ATAGS project execution. Hell and heaven difference.

ATAGS was developed by DRDO while Dhanush was by OFB with internal resources. ATAGS is manufactured by private company but technology is from DRDO

Mahindra will do what HAL is doing with Su 30 MKI, make it from knockdown kit and gain technology insertions. Will provide competitive tenders like in US for aviation projects

But HAL manufactures Su30 including engine and radar in addition to assembly. From where will Mahindra manufacture?

Sanctions. Will affect India's financial outreach and growth massively. Also blacklisting Indian firms from business and dollar transactions.

USA does not own India or others to put sanctions. India has more leverage over the world economy than USA. Sanctions on India will be as bad as sanctions on Saudi Arabia or sanctions on China.

 

[vampyrbladez]

ATAGS was developed by DRDO while Dhanush was by OFB with internal resources. ATAGS is manufactured by private company but technology is from DRDO

ATAGS is a JV. Dhanush is an adaptation of 155/39 to 155/45 cal standard for a Bofors gun. ATAGS will start production from 2021. Dhanush will see limited production of 144 for 45 cal variant followed by more for 52 cal which will have to compete with ATAGS which is far superior. Production in the hands of a private company will ensure faster availability of materiel to military.

But HAL manufactures Su30 including engine and radar in addition to assembly. From where will Mahindra manufacture?

LM entered into JV with TATA to make wings for F 16s recently. If Mahindra gets contract for 57 carrier aircraft, similar deal can be easily envisioned here. Also this is separate from offsets. HAL is ironically also an offset partner of Mahindra in this deal. In future tenders, a MiC made by private corporations can compete with slow, lumbering PSUs.

USA does not own India or others to put sanctions. India has more leverage over the world economy than USA. Sanctions on India will be as bad as sanctions on Saudi Arabia or sanctions on China.

True, but our economy will take a massive hit. China is reeling from a moderate trade war with the US. US also has the SWIFT system of dollar manipulation and can thus fuck up our currency. We are unfortunately energy insecure so any adverse move could cripple us as we have just started building crude oil reserves.

 

[Advaidhya Tiwari]

ATAGS is a JV. Dhanush is an adaptation of 155/39 to 155/45 cal standard for a Bofors gun. ATAGS will start production from 2021. Dhanush will see limited production of 144 for 45 cal variant followed by more for 52 cal which will have to compete with ATAGS which is far superior. Production in the hands of a private company will ensure faster availability of materiel to military.

I am not against private production. I am against private R&D. Private players can never have enough funds for full R&D. They will only end up ruining things by hoong for cheaper design. The R&D must be in government hands and fully funded by government.

ATAGS would have been a failure if it was purely private venture. In ATAGS, DRDO gave technology and scientists while Kalyani gave materials.

True, but our economy will take a massive hit. China is reeling from a moderate trade war with the US. US also has the SWIFT system of dollar manipulation and can thus fuck up our currency. We are unfortunately energy insecure so any adverse move could cripple us as we have just started building crude oil reserves.

We have energy deals with middle east that is regardless of dollars or USA payment mechanism. In fact, USA relies on middle east to sell oil in dollars. Arabs don't mond selling oil or other energy in rupee. So, if USA sanctions India, it will be petroleum in rupee. Arabs can do without USA bit not without India. So, if USA sanctions India, then the petrodollar itself may vanish. So, USA sanctioning India is out of question

 

[vampyrbladez]

I am not against private production. I am against private R&D. Private players can never have enough funds for full R&D. They will only end up ruining things by hoong for cheaper design. The R&D must be in government hands and fully funded by government.

Lockheed Martin, Boeing, EADS, Raytheon say Hi! Some the grants given by the government are of astronomical proportions spread out as multi year acquisitions.

ATAGS would have been a failure if it was purely private venture. In ATAGS, DRDO gave technology and scientists while Kalyani gave materials.

Actually Baba Kalyan managed to get a Swiss Howitzer company RUAG and started showing promise in 2012. ATAGS came about in 2013 by some vague meeting by then Def Min A.K Anthony, the biggest scumbag to grace South Block.

We have energy deals with middle east that is regardless of dollars or USA payment mechanism. In fact, USA relies on middle east to sell oil in dollars. Arabs don't mond selling oil or other energy in rupee. So, if USA sanctions India, it will be petroleum in rupee. Arabs can do without USA bit not without India. So, if USA sanctions India, then the petrodollar itself may vanish. So, USA sanctioning India is out of question

All deals being signed are with the blessings of the US. If there is a cold war, abruptly the deals will get cancelled. US is today the largest energy producer in the world. If there is energy war between OPEC and US, crude will collapse and recession will start. Thus in the long run, pissing off India will seem a small price compared to angering a hothead like Trump.

 

[Advaidhya Tiwari]

Lockheed Martin, Boeing, EADS, Raytheon say Hi! Some the grants given by the government are of astronomical proportions spread out as multi year acquisitions.

These are done with government funds, not private funds. So, it makes no sense that private companies research with government funds and call it private research. These research of USA belongs to pentagon and penagon has the right to rescind any license to LM, Boeing etc if there a any problem

All deals being signed are with the blessings of the US. If there is a cold war, abruptly the deals will get cancelled. US is today the largest energy producer in the world. If there is energy war between OPEC and US, crude will collapse and recession will start. Thus in the long run, pissing off India will seem a small price compared to angering a hothead like Trump.

Nonsense. USA has no masaive energy reserve. USA reserve is 55 billion barrels. It is less than 10% of total oil reserves of world. USA consumes 7.5 billion barrels a year of liquid fuel. USA still imports 2.5 million barrels of crude oil every day. USA has no capacity to be energy independent as of now.

 

[vampyrbladez]

These are done with government funds, not private funds. So, it makes no sense that private companies research with government funds and call it private research. These research of USA belongs to pentagon and penagon has the right to rescind any license to LM, Boeing etc if there a any problem

So? Same can be done here with TATA, Mahindra, Kalyan Forge, Reliance Defence, etc. Have sub contractors deal with the logistics and introduce block buy to help build up a MiC. Political pressure will ensure that companies are well treated and massive employment and growth is generated. Simply hire ex - PSU heads for technical departments under higher pay.

Nonsense. USA has no masaive energy reserve. USA reserve is 55 billion barrels. It is less than 10% of total oil reserves of world. USA consumes 7.5 billion barrels a year of liquid fuel. USA still imports 2.5 million barrels of crude oil every day. USA has no capacity to be energy independent as of now.

Effectively US can survive 6 - 7 years with a full blockade. Maybe more with extreme rationing and alternative energy. We can't and don't have any domestic oil source or shale oil technology. That is why we must read lightly.

 

[Advaidhya Tiwari]

Effectively US can survive 6 - 7 years with a full blockade. Maybe more with extreme rationing and alternative energy. We can't and don't have any domestic oil source or shale oil technology. That is why we must read lightly.

Who said that India can't survive? India has coal liquefaction which can be used to fullest extent. India has 200 billion ton of coal which is easily extractable. In addition, there is another 100 billion ton of difficult to extract coal.

Each ton of coal can give 1.2 barrel of oil. India needs 1.5 billion barrel per year in addition to another 700 million ton for electricity & steel manufacturing. Extracting coal of 1.5 billion ton a year is easily possible. So, there is an alternative to Indian import of petroleum for 150 years

 

[vampyrbladez]

Who said that India can't survive? India has coal liquefaction which can be used to fullest extent. India has 200 billion ton of coal which is easily extractable. In addition, there is another 100 billion ton of difficult to extract coal.

Each ton of coal can give 1.2 barrel of oil. India needs 1.5 billion barrel per year in addition to another 700 million ton for electricity & steel manufacturing. Extracting coal of 1.5 billion ton a year is easily possible. So, there is an alternative to Indian import of petroleum for 150 years

Most coal in India is bituminous aka full of moisture. Best coal used in power plants for maximum efficiency is Anthracite coal which we have to import.

Thus we can't do anything here as well. Smart move would be to bide our time till fusion power matures into a commercially viable thing. Thorium reserves will turn us into the Saudi Arabia of nuclear energy.

 

[Advaidhya Tiwari]

Most coal in India is bituminous aka full of moisture. Best coal used in power plants for maximum efficiency is Anthracite coal which we have to import.

Thus we can't do anything here as well. Smart move would be to bide our time till fusion power matures into a commercially viable thing. Thorium reserves will turn us into the Saudi Arabia of nuclear energy.

Whwn I am specifically telling about coal liquefaction, why can't you spend some time to understand it? You are even confusing lignite coal with bituminous which is an information given in school textbook.

Bituminous coal is low in moisture. Indian bituminous coal too has very low moisture. But unlike other bituminous coal, Indian coal has high ash content. This only means that coal has lot of impurities like sand mixed with it. Normal bituminous coal gives 1.4 barrel per ton whereas Indian coal provides about 1.1-1.2 barrels per ton weight due to impurities. Normal bituminous coal has 15-18% impurities, 7-10% moisture. Indian coal has 35% impurities and 5% moisture. This means Indian coal has only 600gram actual hydrocarbon per 1kg of coal whereas normal bituminous coal has 750 gram hydrocarbon per ton of coal.

Consider cooking food using wood as was done in older times. Now if the wood is freshly cut, it will have lot of moisture and will not burn properly. But if you store the wood and dust accumulates, the wood will still burn properly. This is the difference between moisture and ash/sand content.

Indian bituminous coal is very well suitable for liquefaction. The ash content only causes increased waste disposal expense as the sand and other residue remains unused and hence have to be dumped back into the ground. Such sand/ash impurities don't affect the quality of hydrocarbon but only makes the coal less valuable per weight and hence sells for lower cost when sold in market in unwashed state.

Anthracite is meant for making steel from iron ore, not for burning in powerplants. The high moisture coal is called lignite and ia found in very small quantities in India (80-85% Indian coal is bituminous, 10% is anthracite and rest is lignite). Even lignite coal can be used for liquefaction as proven in WW2 where Hitler used lignite coal of Germany to provide liquid fuel. Bituminous coal is actually the optimal type of coal to be used for liquefaction.

Waiting for fusion or thorium is highly foolish and impractical. Such technology does not even exist in prototype stage anywhere. None knows how long it will take for it to be a reality.

 

[Craigs]

I am not against private production. I am against private R&D. Private players can never have enough funds for full R&D. They will only end up ruining things by hoong for cheaper design. The R&D must be in government hands and fully funded by government.

ATAGS would have been a failure if it was purely private venture. In ATAGS, DRDO gave technology and scientists while Kalyani gave materials.



We have energy deals with middle east that is regardless of dollars or USA payment mechanism. In fact, USA relies on middle east to sell oil in dollars. Arabs don't mond selling oil or other energy in rupee. So, if USA sanctions India, it will be petroleum in rupee. Arabs can do without USA bit not without India. So, if USA sanctions India, then the petrodollar itself may vanish. So, USA sanctioning India is out of question

I don't think Kalyani's only contribution was materials: . They took the risk, imported machinery, designed and developed the gun. I also read somewhere that initially they did not get the army to agree to test it for them so they got it tested and proved in USA. The ATAGS thing is simply DRDO covering their a** with a fake JV throwing in some ranging electronics, that is it (things which can be bought COTS).

 

[Craigs]

Also, all important technologies world over are researched and developed by private companies (even in the erstwhile USSR which simply nationalized private companies). Only in India govt suppresses private enterprise and reserves the monopoly to themselves.

 

[Craigs]

These are done with government funds, not private funds. So, it makes no sense that private companies research with government funds and call it private research. These research of USA belongs to pentagon and penagon has the right to rescind any license to LM, Boeing etc if there a any problem


Nonsense. USA has no masaive energy reserve. USA reserve is 55 billion barrels. It is less than 10% of total oil reserves of world. USA consumes 7.5 billion barrels a year of liquid fuel. USA still imports 2.5 million barrels of crude oil every day. USA has no capacity to be energy independent as of now.

Look up USA's reserves of coal - if you think coal liquefaction is such awesome technology. Also, oil reserves of canada, mexico and venezuela which will be available to USA one way or the other.

 

[Suryavanshi]

Some talk about coal liquification

@Kshithij is that u?