Indian Economy: News and Discussion

Aaj ka hero

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https://swarajyamag.com/economy/5-t...ike-and-what-lessons-it-can-learn-from-chinas
I read this and came to conclusion that we are already there of breaching five trillion dollars economy mark, if this continuous churning goes on.
Right now congress and lefts are doing their same as usual FEAR TACTICS like they did in 2004 ,here we have already a communist who think In congress times there was equality.
He can't read this type of research papers because he read shits of ECONOMIC TIMES, WALL STREET JOURNAL though will say he don't read but talk exactly like them.
You see @south block I said right.
And really China economy is driven as an invest in capital economy to say.... build ghost cities. communist man want us to build ghost cities.
Though we don't have money for that.
Right now government must bring these npas and defaulters down and this is what they are doing.
They Chinese depend on the capital growth.
We must not do that.
 
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HariPrasad-1

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In my opinion, We should focus on research, innovation and upliftment of rural masses. If we are able to uplift poor class to even lower middle class, there shall be a big surge in demand. Innovation and research shall add a lots of value in basic products which will fare better against other products of any competitors. . Those who compares China with India forgets to understand the complexities of Indian society. One can not evaluate this society in parameters in which you put other societies to evaluate. Ours is highly complex society. Like I had compared India with China in one of my article, China is like a multistory building which requires a lots of resources but to build, you need a standard design and standard method to build it. India is like a beautiful temple which requires lots of imagination, curving to make it. In my opinion, India is on right track. If we have a decade or more of Political stability, we shall see a great nation emerging beyond the imagination of many. What I see at grass root level is fascinating. I consider myself luck to witness this growth of India.

If we are able to contain our population and keep it bellow 100 crore, ours can be a great and happy country.
 
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Spindrift

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So who from the Indian government is representing India in Davos? I am not hearing much in the news from our side there
 

cannonfodder

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Not qualified in economics and not qualified in stock market too, but there were and maybe still there are stocks (in Indian stock market) which were in OK valuation in last 6 months; only thing is that those stocks are not the big bluechip market leader stocks that everyone knows about. They are mostly midcap stocks.

For people who can invest in US equity certainly should invest in US equity (leaving the indian market for poor Indians :)). After all, we don't have an Amazon, Google or Netflix in Indian stock market!
Bhayya, I think the best way to help India is to invest in them. I am not expecting big gains because normally US- INR conversion eats away lot of gains( based on historical data) but only making some observation on net gains in % over years. FATCA was bad thing in that respect, It deters NRI's from making equity investment & helping India in big way. The tax declaration rules in US are big headache for overseas equity investments.
 

ezsasa

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Spindrift

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ezsasa

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Yeah, but the thing with a surplus budget is that they can stimulate the economy if the things were to go south without worrying too much about the fiscal deficit.

And we can't do that.... So I would say that they are in a much better shape than us.
Yup, no disagreement there.

They are also lucky to not have any enemies at their borders, good connectivity with all their neighbours, US funded seed money to rebuild their country after WW2, their decision to focus on high quality goods rather than cheap mass manufacturing they did pre-WW2, one of the two primary manufacturing hubs of Europe etc etc..

I am not a fan of comparing Indian economic model with any other country, because the fundamentals are different.
 

sorcerer

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India achieves complete phase out of one the most potent ozone depleting chemical

Posted On: 22 JAN 2020 6:06PM by PIB Delhi

India has successfully achieved the complete phase out of Hydrochlorofluorocarbon (HCFC)-141 b, which is a chemical used by foam manufacturing enterprises and one of the most potent ozone depleting chemical after Chlorofluorocarbons (CFCs) .(HCFC)-141 b is used mainly as a blowing agent in the production of rigid polyurethane (PU) foams.

India has consciously chosen a path for environment friendly and energy efficient technologies while phasing out Ozone Depleting Substances (ODSs). Importantly, India is one among the few countries globally and a pioneer in some cases in the use of technologies, which are non-Ozone Depleting and have a low Global Warming Potential (GWP).

India had proactively and successfully taken the challenge of complete phase out of Hydrochlorofluorocarbon (HCFC)-141 b, which is a chemical used by foam manufacturing enterprises by 1.1.2020. On 31 December, 2019, as part of the Government’s commitment for moving towards environment friendly technologies, in a significant first, the Ministry of Environment, Forest and Climate Change (MoEFCC) brought out a notification in the Gazette of India through which the issuance of import license for HCFC-141b is prohibited from 1st January, 2020 under Ozone Depleting Substances (Regulation and Control) Amendment Rules, 2019 issued under the Environment (Protection) Act, 1986.

HCFC-141b is not produced in the country and all the domestic requirements are met through imports. With this notification, prohibiting the import of HCFC-141 b, the country has completely phased out the important ozone depleting chemical. Simultaneously, the use of HCFC-141 b by foam manufacturing industry has also been closed as on 1st January, 2020 under the Ozone Depleting Substances (Regulation and Control) Amendment Rules, 2014.

Nearly, 50 % of the consumption of ozone depleting chemicals in the country was attributable to HCFC-141 b in the foam sector. The Ministry adopted a structured approach to engage with foam manufacturing enterprises for providing technical and financial assistance in order to transition to non-ODS and low GWP technologies under HCFC Phase out Management Plan (HPMP). Around 175 foam manufacturing enterprises have been covered under HPMP out of which, 163 enterprises are covered under stage II of HPMP. The complete phase out of HCFC 141 b from the country in foam sector is among the first at this scale in Article 5 parties (developing countries) under the Montreal Protocol. The implementation of HPMP through regulatory and policy actions, implementation of technology conversion projects has removed around 7800 Metric Tonnes of HCFC 141-b from the baseline level of 2009 and 2010 of the country.

The phase out of HCFC-141b from the country has twin environmental benefits viz. (i) assisting the healing of the stratospheric ozone layer,and (ii) towards the climate change mitigation due to transitioning of foam manufacturing enterprises at this scale under HPMP to low global warming potential alternative technologies.

The polyurethane foam sector has links with important economic sectors related to buildings, cold storages and cold chain infrastructure, automobiles, commercial refrigeration, domestic appliances such as refrigerators, water geysers, thermo ware, office and domestic furniture applications, specific high value niche applications etc. In India, the foam manufacturing sector is mix of large, medium and small enterprises having varying capacities, with preponderance of MSMEs. Many of the MSMEs operate largely in the informal sector.

To ensure minimal dislocation in the sector and for enhancing the capacities of Micro, Small, and Medium Enterprises (MSMEs) in converting to low-GWP non-ODS technologies, training and awareness programmes on non ODS and low GWP alternatives to HCFCs including adoption of such alternatives have been organized in close collaboration with Industry and MSMEs will also be facilitated for adequate tie-ups with system houses, laboratories for getting their material tested, etc, in addition to organizing study tours, field visits, etc.

Noting the challenges, the Ozone Cell, MoEF&CC entered into a MOA with the Central Institute of Plastics Engineering & Technology, Department of Chemicals &Petrochemicals to facilitate and hand-holding foam manufacturing enterprises. Transitioning to non HCFC and low GWP alternatives. As part of assistance made available to the enterprises technology workshops, field trials, on-site demonstration and support, practical hands on training and product validation are being provided. Already enterprises assisted for stabilizing alternative technologies have been able to move towards adoption of alternatives at commercial scale.
 

Kumata

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is there a scope for rationalising the personnel taxes this time for us mango man or we again get to see the "ass" and contrubute to "nation" theories...

I am tired of funding JNU's and AMU's ...
 

Why so serious?

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Govt likely to allow direct overseas listing of Indian companies
Sidhartha | TNN | Updated: Jan 23, 2020, 07:56 IST
TNN
An internal assessment suggests that 12-15 companies may opt for it over the next 3-4 years. (File Photo)
NEW DELHI: The government is expected to allow direct listing of

Indian companies
abroad as part of a plan to allow them access a larger pool of capital and enable the move towards fuller capital account convertibility.


While detailed discussions on the proposal have taken place, a formal decision is awaited, sources told TOI, adding that the idea is meant to help

Indian start-ups
and unicorns access a larger pool of investors to raise capital and at the same time allow exits by existing investors. The government is hoping that the move along with the decision to reduce the corporate tax rate to 15% for new manufacturing companies will help Indian companies go global and also ensure that they do not register in foreign locations such as Singapore.


Currently, Indian companies go for the depository receipts route to tap investors globally but that window has become less attractive in recent years, prompting the government and the Securities and Exchange Board of India to eye a direct listing window. Depository receipts are securities listed overseas against shares of listed domestic companies.





An internal assessment suggests that 12-15 companies may opt for direct listing over the next three-four years, which will be a small fraction of the nearly 300-odd Chinese companies that have raised funds by listing abroad. At least 15 Indian companies have tapped the ADR and GDR route, including Infosys, ICICI Bank, HDFC Bank and Reliance Industries. Indian residents will, however, have to trade on Indian exchanges.


Once a formal decision is taken, the government will move to amend several laws and regulations, including the Foreign Exchange Management Act (Fema), the Companies Act and Sebi regulations. Over a year ago, a committee set up by the market regulator had suggested changes to the tax laws as well to ensure that income earned from transfer of equity shares of an unlisted Indian company listed on a foreign stock exchange does not face capital gains tax here.


Sources said the government is planning to allow listing only in select jurisdictions, which may include the US, the UK, China, Japan and Hong Kong which are part of Financial Action Task Force, the global anti-money laundering group, and International Organisation of Securities Commissions (IOSCO).


“It will allow Indian companies to tap a new pool of investors, other than Indian investors or foreign portfolio investors, many of whom may not have come to India,” said Edelweiss Group chairman Rashesh Shah. Several investment funds do not invest in India due to their internal criteria.


“Such listings also enable companies to diversify their capital-raising activities rather than being reliant only on their domestic market. In addition, Indian start-up or emerging-growth companies, for example, will be able to access capital from investors overseas that may be more receptive to their securities than Indian investors, who have typically focused on companies with proven track records of profitability and growth, and have generally exhibited less appetite for start-up or emerging-growth companies,” the expert committee set up by Sebi had said, adding that the valuations may also be better.


In the past, there have been concerns over such fund raising resulting in a rush of capital into the country, and impacting exchange rates, but sources said the Reserve Bank of India and the finance ministry will work to ensure that there is no volatility.
 

Mikesingh

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is there a scope for rationalising the personnel taxes this time for us mango man or we again get to see the "ass" and contrubute to "nation" theories...

I am tired of funding JNU's and AMU's ...
With Seetha mata at the helm, instead you should be happy that she doesn't screw the honest tax payer further by increasing personal income tax seeing the downturn in the economy. The Direct Tax Code being in the works since 2010 and presented with much fanfare to her, will continue to languish in some dusty cupboard till eternity, never mind the lakhs of rupees spent producing it!
 

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