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  1. Rxbanda

    Indian Economy: News and Discussion

    Any reason why INR is falling compared to USD in all of June? @Haldilal
  2. Rxbanda

    Indian Economy: News and Discussion

    iss bande ko cabinet me lao pehle.. since Modiji is considering a cabinet reshuffle, he should consider getting Mukesh Ambani into the team. He is doing more for the country than many of the ministers. On that note... just imagine javedkar, RSPatel in a meeting with Ambani :rofl:
  3. Rxbanda

    Indian Economy: News and Discussion

    Forex: $608Bn now. And 4th highest now
  4. Rxbanda

    Indian Economy: News and Discussion

    Sonia-Rajiv Gandhi received payments in USD. Chiddu and others also. They put it in Swiss bank. Huge money you know...
  5. Rxbanda

    Indian Economy: News and Discussion

    Well its not just crossing $600 B, but a big jump. It's $605B now. Just a little less than Russia. Next week, maybe?
  6. Rxbanda

    Indian Economy: News and Discussion

    Can we expect the prices to come down once the pandemic settles down?
  7. Rxbanda

    Indian Economy: News and Discussion

    Is this true? If yes, not good. It was the inflation which primarily got UPA 2 down.
  8. Rxbanda

    Indian Economy: News and Discussion

    In a Big Setback For Pakistan , Saudi Arabia Takes Back Offer to Invest $10Billion in Gwadar Oil Refinery Project/Proposal ; Deal Off
  9. Rxbanda

    Indian Economy: News and Discussion

    copy-paste me galti hua saheb here you go.. https://niti.gov.in/sites/default/files/2021-06/EthanolBlendingInIndia_compressed.pdf
  10. Rxbanda

    Indian Economy: News and Discussion

    Compiled some data from the petroleum planning and analysis cell website. Data since 1998. Including both volume and USD. First time since 1998 there is a major dip in volume of crude oil imported compared to previous year. I believe this is mainly because of lockdowns restricting movement...
  11. Rxbanda

    Indian Economy: News and Discussion

    India's Foreign Exchange Reserves Surge By $5.271 Billion To Reach Record High Of $598.165 Billion !! $0.6 T next week?? Might have already crossed as well...
  12. Rxbanda

    Indian Economy: News and Discussion

    Any info for when vaccination drive is going to pick up pace? I read that it takes 35 days to finish manufacturing of one batch of the vaccine. The pace at which we are vaccinating right now is very slow. How is the govt planning to vaccinate all by end of the year?
  13. Rxbanda

    Indian Economy: News and Discussion

    While opposition was busy mocking and abusing PM Modi, he silently Ramp up the Covid19 Vaccine capacity by 5x. 260 cr doses of vaccines will be available by Dec 2021, enough to vaccinate the entire Indian Population. While opposition was busy deriding him, he silently delivered 13000+ MT of...
  14. Rxbanda

    Indian Economy: News and Discussion

    At the same time, there are huge drawbacks. The effect of COVID can't be underestimated. In India, almost everyone I know knows someone who passed away. People dying, the struggles to get hospital bed, remdesivir, oxygen etc. won't be forgotten by people. And the opposition + vulture media have...
  15. Rxbanda

    Indian Economy: News and Discussion

    https://www.nationalheraldindia.com/flick-past/modi-tweaks-rules-to-favour-adani-in-indian-rupee45000-crore-submarine-deal Any truth in this? I remember reading last year that Adani was out of race for this, and L&T bagged it
  16. Rxbanda

    Indian Economy: News and Discussion

    https://economictimes.indiatimes.com/industry/banking/finance/blackstone-betting-big-on-india-its-most-profitable-market/articleshow/82355657.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Holding over USD 50 billion in assets under management already, the Wall Street major...
  17. Rxbanda

    Indian Economy: News and Discussion

    Just to clarify, the above video is in English. Below is the profit/loss of Vizag stell plant since inception. From 2002-2015, it was in profits. In last 5 years, it reported losses in 4 years. This year back to profits. Does this deserve to be called as sick PSU and privatized?
  18. Rxbanda

    Indian Economy: News and Discussion

    Looking for forum members' opinion on this. Why is the central govt. privatizing this PSU?
  19. Rxbanda

    Indian Economy: News and Discussion

    I understand the LED bulbs thing. Can you elaborate on LPG cylinders? How is it giving surplus money to people? My parents are saying that gas cylinders and petrol are only increasiing day after day, year after year...
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