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  1. Covfefe

    Indian Economy: News and Discussion

    India launched a PSU Khanij Videsh Ltd. They'll play ping pong with red covered paper folders for 10 years there. Our Governments are very competent at staying incompetent. They work really hard towards it so as to avoid even the natural progression of learning and experience that comes with...
  2. Covfefe

    Indian Economy: News and Discussion

    Bc commodity trading ke chonchle.... neither Ukraine nor Russia is a major supplier of coking coal but still the buggers have rigged the market to shoot up the prices.
  3. Covfefe

    Indian Economy: News and Discussion

    Man, they're correct. Higher price affects us disproportionately- inflation touching 15 Percent, global slowdown, fed tapering to contain inflation in the US. They'll get their gas one way or the other, we'll have a lot of people to feed with tighter money. Our projections have somewhat gone to...
  4. Covfefe

    Indian Economy: News and Discussion

    Telangana is forcing what they're entitled for. MSP is a central sector scheme, applicable to all India. Either the CG cancels it for everyone or applies everywhere or sets statewise value quota. Haryana, Punjab and Western UP are only enjoying all the money allocated for MSP/FRP. So much so...
  5. Covfefe

    Indian Economy: News and Discussion

    No, Centre procures as much as farmers can bring to the farmgate. PDS distribution is a small miniscule of that. Why do you think we have surplus buffers by like 3x the norms
  6. Covfefe

    Indian Economy: News and Discussion

    They already have their own payment gateway,plus the Chinese one active. Merchants will mostly accept- either the popular one or the beneficial one or both. RuPay is kinda subsidised in India by the government, plus pushed by RBI and PSBs. Won't make a dent there in Russia
  7. Covfefe

    Indian Economy: News and Discussion

    Expect her Twitter bio to be- "Studied Intersectional Social Constructs and Gender Conflict among the warring tribes of Africa; Interests- Economy, International Trade, Foreign Policy, Computational Fluid Dynamics; If you don't respect the rights of minorities to take a warm dump on your head...
  8. Covfefe

    Indian Economy: News and Discussion

    Hmm, I think the mercantilism driven model like China of the 90s and early 2000s isn't possible anymore. To spur up local consumption we'll have to fix a lot at home. Technology and Foreign currency will still need to come from outside
  9. Covfefe

    Indian Economy: News and Discussion

    Hmm, but the thing is can they forgo the pressure of Chongs of not entering FTA when it has its major countries Germany and France by balls. Some study which showed how consumption level goes dramatically higher when per capita GDP at 4000 USD. A significant base for imported vehicles(30-40k...
  10. Covfefe

    Indian Economy: News and Discussion

    All these will be obviously considered. ASSOCHAM, FICCI and CII are instrumental in drafting of these trade pacts. Regarding the NGO and foreign interference thingy, they might be willing to more than accomodate because they don't really have a lot of choices. China is already chipping into...
  11. Covfefe

    Indian Economy: News and Discussion

    This news makes me happy ☺️ https://economictimes.indiatimes.com/news/economy/finance/government-collects-rs-96000-crore-through-asset-monetisation/articleshow/90803317.cms?from=mdr Putting liquidity into what we own is needed. A lot of it.
  12. Covfefe

    Indian Economy: News and Discussion

    A Chinese company 😁
  13. Covfefe

    Indian Economy: News and Discussion

    Arey but what percent of that long term contract gets materialised isn't sure. Cess and surcharge aren't unique to India. And taxes- look at total tax to GDP with comparable economies.
  14. Covfefe

    Indian Economy: News and Discussion

    Hmm, but those Habibis in the middle East willfully enforce an option in those contracts which enables them to profiteer by cutting the supplies later. The buyer becomes obligated to lift the product but they are not obligated to supply. That's why Indian Companies have shifted more to spot...
  15. Covfefe

    Indian Economy: News and Discussion

    Experimental fusion reactors are nothing new. There are multiple across China, South Korea, Japan. Haven't been able to stabilize it as a power source
  16. Covfefe

    Indian Economy: News and Discussion

    https://m.economictimes.com/opinion/et-commentary/view-growing-formalisation-of-indian-economy-is-assisting-the-process-of-complexification/articleshow/90734740.cms
  17. Covfefe

    Indian Economy: News and Discussion

    Fiscal deficit will be reduced. By 2024-25 target is 4.5%
  18. Covfefe

    Indian Economy: News and Discussion

    Bhai i understand people's hostility towards MSP as a policy after whatever happened in that fake farmers protests. But the reality is that MSP does improve the fundamentals of the economy - we need to diversify its base though. Out of Punjab and Haryana, and crops more than Rice and Wheat...
  19. Covfefe

    Indian Economy: News and Discussion

    🙏🙏🙏Would rather make the lives of Indian better. Sri Lanka related issues can be dealt with at much cheaper costs
  20. Covfefe

    Indian Economy: News and Discussion

    65-70 billion dollars ka kaun sa Aircraft carrier lega Bhai tu, Bangladesh wala?
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