Indian Economy: News and Discussion

[Chandragupt Maurya]

While Chinese are planning to access Raxaul (a town in india on indo-Nepal border also known as gateway to Nepal) NHAI has also invited tenders to prepare a Detailed Project Report for an expressway linking Raxual in Bihar, on the India-Nepal border, with Haldia Port in West Bengal.

 

[DG7867]

Car sales for May 2021:

Total sales 1.03 lakh compared to 2.36 lakh for May 2019

 

[DG7867]

Guys just one doubt is hsr for bullet train
And if Bangladesh is making hsr does it mean they are planning for bullet train

Yes HSR is the technical term for bullet train.

 

[Lonewolf]

Car sales for May 2021:
View attachment 94112

Total sales 1.03 lakh compared to 2.36 lakh for May 2019

Can tata sustain this market share

 

[SKC]

Can tata sustain this market share

Yes they can. Once market opens up completely then their sales will increase again.
They are bringing 1 model in each price range from 5 Lakh to 10-12 lakh.
They are also planning to relaunch Sumo and bring back Sierra.

 

[TakAman]

Yes HSR is the technical term for bullet train.

Not exactly.

hsr means high speed rail. Any train that goes faster than 250 Km/Hr is considered a high speed rail.

Currently, only bullet trains can provide that much speed. So HSR and bullet trains are used interchangeably.

But even if a conventional train somehow is able to reach such high speeds, it will be called a HSR.

 

[ladder]

Not exactly.

hsr means high speed rail. Any train that goes faster than 250 Km/Hr is considered a high speed rail.

Currently, only bullet trains can provide that much speed. So HSR and bullet trains are used interchangeably.

But even if a conventional train somehow is able to reach such high speeds, it will be called a HSR.

Like photocopy is colloquially called Xerox.
Similarly HSR is called Bullet which essentially meant Japanese Shinkansen.

Maglev is a technology although isn't 'bullet train' travels faster. Current high speed limit record is with such technology.

Prevailing definition of HSR is >250 kmph in new built track or >200 kmph is existing or upgraded track.

 

[TakAman]

Like photocopy is colloquially called Xerox.
Similarly HSR is called Bullet which essentially meant Japanese Shinkansen.

Maglev is a technology although isn't 'bullet train' travels faster. Current high speed limit record is with such technology.

Prevailing definition of HSR is >250 kmph in new built track or >200 kmph is existing or upgraded track.

You forgot the hyperloop which is supposed to be faster than maglev.

 

[sorcerer]

India offers huge potential for digital banks: Report

IBEF: June 10, 2021


On Wednesday, BCG, a consultancy stated in a report that India provides a huge growth potential for Digital Challenger Banks (DCBs).

The report said, India which has a population of 130 crore people presents 10x revenue opportunity as compared to rest of South East Asia.

The report said, "Indian regulators put substantial stress on financial inclusion and priority sectors, which could be a challenge for foreign firms. However, not all licenses hold the regulatory restriction and operating as a Non-Bank Finance Company (NBFC) provides one a major flexibility.”

The report added that once a NBFC obtains establishment, collaborating with a conventional bank is the key to success.

The report said an investor must consider at Indian demographics and high growth potential.

The report also indicated that some firms consider India as a "diverse and geographically dispersed market" and which might be perceived as a challenge to raise the required funds. However, the report stated this as pre-perceived notion. In reality, the report added, there are niches in the market that offer a business to build at scale within them. It added, there are micro, small and medium enterprises' business, which are focused in 30 clusters in India and they are estimated to have a credit outstanding of US$ 300 billion.

The report said, addressing various challenges is possible by establishing the majority of the technology stack domestically while leveraging global capabilities for the design models, customer experience, and security.

The Indian DCB landscape includes Niyo offering customer experience solutions financial services products and Paytm, an existing digital ecosystem companies with a huge customer base.

The report picked out Paytm as the profitable performer in India.

 

[sorcerer]

Refill Booking Portability for LPG consumers;

Unique facility to be available in Chandigarh, Coimbatore, Gurgaon, Pune, and Ranchi shortly

Posted On: 10 JUN 2021 3:43PM by PIB Delhi



Following the vision of Hon’ble Prime Minister of making energy accessible and affordable to all and with a view to further empower the LPG consumers, it has been decided to allow LPG customers to have a choice deciding which distributors they want their LPG refill from. Consumers will be able to choose their “Delivering Distributor” from the list of distributors catering to their address within their Oil Marketing Company (OMC).In the pilot phase, which will be launched shortly, this unique facility will be available in Chandigarh, Coimbatore, Gurgaon, Pune, and Ranchi.


While booking a LPG refill through mobile app/customer portal using registered login, the customer would be shown the list of delivering distributors along with their performance rating shall be displayed. The customer can opt for any of the distributors from the list applicable for his/her area to get an LPG refill delivery. The service will not only empower the customers by way of enhanced choice, but also inspire healthy competition amongst the distributors to provide the best in class services to the customers and improve their performance ratings.


Digital LPG services


Furthering the Digital India mission, the Oil Marketing Companies under the Ministry of Petroleum and Natural Gas are constantly upgrading their facilities to provide a seamless digital experience to the customers.The need for contactless transactions has been amplified in view of the restrictions imposed due to COVID-19. Leveraging technology, OMCs have adopted the following digital initiatives to help customers to book and pay for their LPG refills through digital platforms:

Mode	Indane	Bharat Gas	HPGas
Portal and Mobile App: Customers can book refill, update personal records, apply for portability, transfer of connection, address change and all other refill related services.	https://cx.indianoil.in and IndianOil One mobile app	https://my.ebharatgas.com and Hello BPCL mobile app	https://myhpgas.in and HP Pay mobile app
Refill Booking through IVRS and SMS number:	77189 55555	7715012345 / 7718012345	List of state wise telephone numbers- https://www.hindustanpetroleum.com/hpanytime
Refill Booking through Missed Call	84549 55555	7710955555	9493602222
WhatsApp	75888 88824	1800224344	9222201122

Apart from the above digital modes, customers can also book their LPG refills through the UMANG (Unified Mobile App for New Governance) app or the Bharat Bill Pay System apps and platforms. Additionally customers can book their refills and make payments through popular e-commerce Apps viz. Amazon, Paytm etc. also.


LPG connection Portability for LPG consumers


The facility of Online Transfer of LPG connection to another distributor serving in the same area has been provided to LPG customers through respective OMCs web-portals as well as their Mobile Apps.


Customers using their registered login can choose a distributor of their OMC from the list of distributors serving in their area and opt for the porting of their LPG connection. Source distributor has the option to contact the customer and persuade him/her. If the customer is convinced, he/she can withdraw the portability request within the stipulated time of 3 days. Otherwise, the connection gets transferred to the target distributor automatically.


Therefore, the customer can avail online portability to another distributor of the same company operating in the same market without visiting the distributorship. The facility is free of cost and there is no fee or transfer charges payable for this facility. 55759 portability requests have been successfully completed by OMCs in May 2021.

 

[sauntheninja]

Car sales for May 2021:
View attachment 94112

Total sales 1.03 lakh compared to 2.36 lakh for May 2019

Now that the country is opening up again hope the cars sales pickup once again

 

[India Super Power]

Not exactly.

hsr means high speed rail. Any train that goes faster than 250 Km/Hr is considered a high speed rail.

Currently, only bullet trains can provide that much speed. So HSR and bullet trains are used interchangeably.

But even if a conventional train somehow is able to reach such high speeds, it will be called a HSR.

So even Bangladesh is building bullet trains

 

[Knowitall]

What knowitall means is GDP growth rate
What ezsasa is asking about is absolute GDP, not growth rate, we had some 2.8 trillion dollars in terms of GDP before 1st lockdown in 2020.

Before lockdown only growth rate was declining( but economy still growing by whatever 5-6% figure ), but after the first lockdown and corona season GDP itself declined( i.e negative "growth" rate, economy/gdp shrunk ) by idk what figure, "eminent economists" were saying "economy shrunk by -25%" and other such things.


For people getting triggered with low growth rates, just wait for a full financial year free of any Chinese virus waves forcing lockdowns and all, and you will see 8-10% growth rate, for the next 1-2 years, this will be the "rebound" of the economy from suppressed economic activities thanks to lockdowns, chinese virus disease effects itself and unemployment/ shops shutting down caused by lockdowns.

I had talked about this in one my previous posts where I did say that we would hit somewhere between 8-9 % of growth rate and not 10% as it was not possible due to current circumstances.

Few days later world bank comes out with its prediction of 8.3% which was to be expected dur to "base effect" as I had said.

The growth rate after this effect has worn off is something that should concern us as we would back at the 6% bracket after an year.

The aim should be to maintain the momentum rather than aim for a 1 year effect.

 

[TakAman]

So even Bangladesh is building bullet trains

Yes and its a stupid decision for a small country like Bangladesh.
The country is so small (800 * 600 km).

A normal train would take 5 hrs, bullet train may take 3 to cover any distance in the whole nation.
Additional time for checking, boarding, etc is far higher than the time saved.

It's like India starting a flight between Noida and Gurgaon.

 

[India Super Power]

Yes and its a stupid decision for a small country like Bangladesh.
The country is so small (800 * 600 km).

A normal train would take 5 hrs, bullet train may take 3 to cover any distance in the whole nation.
Additional time for checking, boarding, etc is far higher than the time saved.

It's like India starting a flight between Noida and Gurgaon.

But still so fast where did they get that money

 

[TakAman]

But still so fast where did they get that money

Well the nation is so small that the cost will not be as high as India.
Cost would depend on length of tracks which would be less for them.

Maybe China is providing debt trap money to them.

Plus most of it is on paper, who knows when it will actually roll out.

 

[sauntheninja]

India's agriculture exports jump to $ 41 billion despite pandemic disruptions

The largest markets for India's agriculture products are the USA, China, Bangladesh, UAE, Vietnam, Saudi Arabia, Indonesia, Nepal, Iran and Malaysia. Exports to most of these destinations have registered growth, with the highest growth being recorded for Indonesia (102.42%), Bangladesh (95.93%)...

economictimes.indiatimes.com

 

[sauntheninja]

China's Hisense to set up a TV manufacturing plant in India, expand product portfolio

The company, which entered India with a licence arrangement with Videotex last year, has plans to set up a TV manufacturing plant, with a production capacity of two million units, within the next two years.

economictimes.indiatimes.com

 

[Lonewolf]

China's Hisense to set up a TV manufacturing plant in India, expand product portfolio

The company, which entered India with a licence arrangement with Videotex last year, has plans to set up a TV manufacturing plant, with a production capacity of two million units, within the next two years.

economictimes.indiatimes.com

It's time we start emphasizing on our domestic companies too ,china too brought western brands in their company for manufacturing and then replaced the with indigenous brands

 

[sauntheninja]

It's time we start emphasizing on our domestic companies too ,china too brought western brands in their company for manufacturing and then replaced the with indigenous brands

Once we get a good number of companies here manufacturing we can get the know how and build our own companies