Indian Economy: News and Discussion

[gslv markIII]

Thats why targetting India and even trying to capture market of Bhutan and Nepal and where not, and i m not BDeshi.

The total export figures of their much vaunted ''Baal-ton'' is just $1.64 million according to their own annual report.

Says a lot about the quality of rebranded Chinese crap, lol.

 

[ezsasa]

If this tactic becomes routine in board rooms across the world, we are screwed.
Imagine activists dictating corporate board room decisions. they are motivated, they have no accountability, their ideas are not their own ideas. they think they are always right. they don't believe in listening to the other side's point of view. they don't mind burning the place down, to achieve a political objective.

all of them dangerous attributes.
========

Wall Street has seen its share of strange bedfellows, but a recent alliance of investors that took on Exxon Mobil was unprecedented.

Last week, an activist investor successfully waged a battle to install three directors on the board of Exxon with the goal of pushing the energy giant to reduce its carbon footprint. The investor, a hedge fund called Engine No. 1, was virtually unknown before the fight.

Exxon’s board defeat signals the rise of social-good activists

Wall Street has seen its share of strange bedfellows, but a recent alliance of investors that took on Exxon Mobil was unprecedented. Last week, an activist investor successfully waged a battle to install three directors on the board of Exxon with the goal of pushing the energy giant to reduce...

www.wionews.com

 

[Tang]

In December 2020, India's electronics exports reached an all-time high

Business News: Get the latest Business News, Live Share & Stock Market Updates, Top News from India and across world. Read Top Business News and updates on financial, economic and banking news on CNBCTV18.

www.cnbctv18.com

 

[Rassil Krishnan]

Adani Enterprises incorporates manufacturing firm for wind turbine generators

The company said it has incorporated Mundra Windtech Limited (MWL) on June 7, 2021.

economictimes.indiatimes.com

see this documentary.i am skeptical on the whole renewable push and i think it is only good for india in the geopolitical sense in making india less dependednt on imported fossil fuels.

i know its michael moore,but i have been thinking that the main reason for the push for the green energy activists is unachievable using these so called 'green energy'.nor is conventional energy and humans are not willing to drop standard of living by dropping their energy usage and for development.

 

[Chandragupt Maurya]

Proposed Phasing of Bullet Train corridors by Indian railways

Bullet train to Jammu, Guwahati? Indian Railways proposes to connect these major cities with high-speed rail - Times of India

India Business News: New bullet train corridors! The draft NRP proposes to extend the bullet train corridors and introduce new ones to bring major cities

timesofindia.indiatimes.com

 

[FalconSlayers]

 

[FalconSlayers]

 

[HitmanBlood]

If this tactic becomes routine in board rooms across the world, we are screwed.
Imagine activists dictating corporate board room decisions. they are motivated, they have no accountability, their ideas are not their own ideas. they think they are always right. they don't believe in listening to the other side's point of view. they don't mind burning the place down, to achieve a political objective.

all of them dangerous attributes.
=======

In that case the company will generate less profit so investors too will lose money. In the end such activism will backfire and only the most efficient money making company and its investors will survive. Kinda economic Darwinism.

In the world of business only money matters.

 

[Knowitall]

Fuel prices touch fresh record highs; After petrol, diesel nears Rs 100/litre mark in Rajasthan

Petrol and diesel prices: The price of petrol in Delhi currently stands at Rs 95.56 per litre while diesel is now selling at Rs 86.47. In Mumbai, petrol costs Rs 101.76, while diesel is retailing at Rs 93.85. In Rajasthan, diesel is close to the Rs 100-mark at Rs 99.50. Read below to find out...

indianexpress.com

We need some elections soon to stop this.

Atleast during election time govt keeps the prices constant.

 

[FalconSlayers]

Fuel prices touch fresh record highs; After petrol, diesel nears Rs 100/litre mark in Rajasthan

Petrol and diesel prices: The price of petrol in Delhi currently stands at Rs 95.56 per litre while diesel is now selling at Rs 86.47. In Mumbai, petrol costs Rs 101.76, while diesel is retailing at Rs 93.85. In Rajasthan, diesel is close to the Rs 100-mark at Rs 99.50. Read below to find out...

indianexpress.com

We need some elections soon to stop this.

Atleast during election time govt keeps the prices constant.

Now it’s too much, even after blending ethanol the prices are going up, lol. Middle class will die a slow death.

 

[notaname]

Now it’s too much, even after blending ethanol the prices are going up, lol. Middle class will die a slow death.

In my city it's (petrol) 103

 

[FalconSlayers]

In my city it's (petrol) 103

 

[ezsasa]

Fuel prices touch fresh record highs; After petrol, diesel nears Rs 100/litre mark in Rajasthan

Petrol and diesel prices: The price of petrol in Delhi currently stands at Rs 95.56 per litre while diesel is now selling at Rs 86.47. In Mumbai, petrol costs Rs 101.76, while diesel is retailing at Rs 93.85. In Rajasthan, diesel is close to the Rs 100-mark at Rs 99.50. Read below to find out...

indianexpress.com

We need some elections soon to stop this.

Atleast during election time govt keeps the prices constant.

who will pay for free rations & free vaccines for 80 crore people?

 

[FalconSlayers]

who will pay for free rations & free vaccines for 80 crore people?

Is 80 crore population so poor to can’t sustain their own lives, if yes then we are officially a superpower.

 

[notaname]

who will pay for free rations & free vaccines for 80 crore people?

Is it only middle class's responsibility to pay for everything and then get abuses from aandolan jeevi

 

[ezsasa]

Is 80 crore population so poor to can’t sustain their own lives, if yes then we are officially a superpower.

it’s not about 80 crore being poor, it’s about ensuring people who depend on day to day wages sustain themselves when the workplaces are closed due to circumstances created due to Chinese virus.

 

[FalconSlayers]

it’s not about 80 crore being poor, it’s about ensuring people who depend on day to day wages sustain themselves when the workplaces are closed due to circumstances created due to Chinese virus.

80 crore is a big number, shameful.

 

[ezsasa]

Is it only middle class's responsibility to pay for everything and then get abuses from aandolan jeevi

yes. Today’s Middle class became middle class because the generation before us paid for many of the amenities we took for granted.

Subsidised rail fares, subsidised rations, subsidised petrol & diesel, subsidised education (one way or the other) etc etc.

we pay now so that the next set of middle class can pay for their next set of middle class. this is a phase every country goes thru. it takes atleast 15 years to create the next 20-30 crore middle class. India’s middle class journey started in late 90’s.

edit: and let’s not forget the economic growth of current middles class hinges on next set of middle class coming into middle class. our jobs are directly dependant on purchasing power of current middle class + next set of middle class. People have to be rich enough to buy the products and services our companies make, in return ideally we should be getting pay jumps. if purchasing does not grow, we get pay stagnations & job losses.

 

[ezsasa]

80 crore is a big number, shameful.

what is there to be shameful about? It is what it is.

India’s economic growth started in late 90’s, not 1947. there is only so much that can be done in 25 years.

there is no magic wand. it a journey of crores of families who intend to give a better future to their children than they had.

This phase will go on for atleast 30 more years. then the phase of people dependant on subsides keeps becoming less and less.

All this presuming people elect good governments. If people keep electing bad governments, process will be delayed by so many years.

 

[ezsasa]

what is there to be shameful about? It is what it is.

India’s economic growth started in late 90’s, not 1947. there is only so much that can be done in 25 years.

there is no magic wand. it a journey of crores of families who intend to give a better future to their children than they had.

This phase will go on for atleast 30 more years. then the phase of people dependant on subsides keeps becoming less and less.

All this presuming people elect good governments. If people keep electing bad governments, process will be delayed by so many years.

@FalconSlayers the progress that has been made in 25 years is remarkable by the way, there was never such a instance in human history where so many people were uplifted.

this is mind boggling for me sometimes. people who are 40+ have seen both Indias, the change is indeed truly remarkable.