Indian Economy: News and Discussion

Crazywithmath

Regular Member
Joined
Mar 3, 2021
Messages
242
Likes
1,139
Country flag
It reads farm reforms are piecemeal and will achieve little! This same reform has been repeatedly proposed from the 80s and even IMF back in 1991 wanted GOI to go with them. IMF went as far as saying that it was a necessary step that would potentially transform India's agri economy. After sleeping for several years finally when mudiji is doing something that was pending for decades this article calls it piecemeal and will achieve little.:crazy:
Fine, what it says is the absolute truth. :daru:
Also the article reads that the GOI needs to make farming more affordable and profitable simultaneously. Dafuq that means? :daru: :daru: :daru: :daru:
 

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
10,722
Likes
32,379
Country flag
Ya'll Nibbiars even 30 years after the borkhand happened where the companies used to raise money from the investors and run away with it's. And as recently as the 26 may. The BSE delighted 50 companies. And there were suspended for over 6 months and not have been complained with theistic Agrement compilance's. The retail investors war the last and the account get suspended and it's transfered to the demat account's to the with the maintained payable till the further notice's. Amd unable to convert into the paper's and the money is lost's. And happened with the DHL.

And there are old low valued stock which can't be ride off and are badly manipulated regulary and quoted below 1 rupees and used for many thing's like tax evasion, CGT, Pump and Dump's, Price manipulation's Bump and Pump, irregular activitie's. And even the NSE cherry pick this. And SEBI just looks and do nothing's.
 
Last edited:

Crazywithmath

Regular Member
Joined
Mar 3, 2021
Messages
242
Likes
1,139
Country flag
That’s why I tagged you you’re from Nalanda and somewhere I read that Nalanda district received 528 crores worth of investment out of which 428 crores were in ethnol plants
Investment in ethanol plants can potentially transform a significant portion of rural economy in both Bihar and UP. It will also help GOI cut down unnecessary export subsidies.
 

IndianYonko

Senior Member
Joined
Aug 21, 2020
Messages
1,337
Likes
5,261
Country flag
One word... HITJOB.

If anyone comes to me says Modi has failed on his Hindu front, I agree.

But someone takes economical data and makes this crap its complete BS.

Just look at what he did in Covid only in

-- In railways
-- in roadways
-- In vaccination
-- In tap water supply
-- Food security
-- Giving cash to poor farmers.

On economic front list is long.

Modi currently has two major failures.
-- Ideological front.
-- Overly appeasing
 

Crazywithmath

Regular Member
Joined
Mar 3, 2021
Messages
242
Likes
1,139
Country flag
One word... HITJOB.

If anyone comes to me says Modi has failed on his Hindu front, I agree.

But someone takes economical data and makes this crap its complete BS.

Just look at what he did in Covid only in

-- In railways
-- in roadways
-- In vaccination
-- In tap water supply
-- Food security
-- Giving cash to poor farmers.

On economic front list is long.

Modi currently has two major failures.
-- Ideological front.
-- Overly appeasing
I will even agree that he was slow to react to the NPA and the banking crisis and lacked guts to carry on with land reforms and NJAC. If the economy is down of course he is responsible to some extent. Crying that MMS did that, Lehruji did those are not going to work forever! But what this article does is pure cherry picking facts to suit its narrative. Even the FT, which usually criticises Babaji and Bhajipao for pretty much everything, did not stoop so low and praised their bold post covid reformist economic push.
 

Chandragupt Maurya

Senior Member
Joined
Jun 23, 2020
Messages
1,789
Likes
4,143
Country flag
Investment in ethanol plants can potentially transform a significant portion of rural economy in both Bihar and UP. It will also help GOI cut down unnecessary export subsidies.
Yes for past few days I am hearing a lot about huge investments in Bihar in ethanol plants
Bihar state government also made an ethanol promotion policy to attract investors it gives huge amount of subsidies and single window clearance to investors
 
Last edited:

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
10,722
Likes
32,379
Country flag
Ya'll Nibbiars even 30 years after the borkhand happened where the companies used to raise money from the investors and run away with it's. And as recently as the 26 may. The BSE delighted 50 companies. And there were suspended for over 6 months and not have been complained with theistic Agrement compilance's. The retail investors war the last and the account get suspended and it's transfered to the demat account's to the with the maintained payable till the further notice's. Amd unable to convert into the paper's and the money is lost's. And happened with the DHL.

And there are old low valued stock which can't be ride off and are badly manipulated regulary and quoted below 1 rupees and used for many thing's like tax evasion, CGT, Pump and Dump's, Price manipulation's Bump and Pump, irregular activitie's. And even the NSE cherry pick this. And SEBI just looks and do nothing's.
Ya'll Nibbiars in The 1998 Allahabad High Court laid the provisions for various measure to take this problems with The A Task Force's. But nothing happened. And it's recorded in the Provasion No. 459 MB of The 1998. The co ordination and the monitoring Comittee to be set up by the Minostry of the Corporate Affair's and The SEBI. The SEBI has duty to do this tasks and the financial capabilities and from which they collect as The Fine's and The Penalties. And now there are capabilites to even track the amount's given by the Fintech Comlanie's as little as 500 rupees and threatens them to even suicide but nothing is done when the Corporates are involved's and when such a ordination like SEBI's can't even do about this.
 
Last edited:

RoaringTigerHiddenDragon

Regular Member
Joined
Sep 5, 2020
Messages
641
Likes
3,237
Country flag
One of the things we need to keep in mind when quoting gdp in nominal US dollars is that Indian rupee is significantly undervalued against the dollar, so much so that the US termed india a currency manipulator - meaning we maybe keeping the rupee artificially low to promote/sustain exports. It is unclear if the rupee is fairly valued or not. So, for me, nominal gdp in dollars is always something suspect. PPP dollars is the best to use since it is close to real gdp, which is what is used by most central banks around the world. So BBC constantly harping on nominal GDP that too by quoting economists is as farcical as it can get. This is a clear plant by Modi’s opponents. what these clowns don’t mention is what is the investment to GDP ratio, which actually drives gdp growth. This has remained pretty robust under PM Modi. And we have had record FDI - which is an excellent sign. If india can do more reforms - land (clean, indisputable title and easy sale/buy processes) and judicial (contract enforcement) - then we will see investments increase even further leading to even more growth.

Overall what Modi has done is laid a great platform for growth and that too honest, clean growth. And he has done a good job at that though I am a bit disappointed by the lack of land and judicial reform, as these are big areas that increase the ease of doing business scores. Infrastructure slowdown during the pandemic should also have been avoided by declaring it an essential service.
 

TakAman

Regular Member
Joined
May 16, 2021
Messages
156
Likes
1,023
Country flag

Hey guys what do you think of this article. Is Modi's startup schemes working as Indian startup ecosystem has been doing so well recently.
 

Lonewolf

Psychopathic Neighbour
Senior Member
Joined
Jan 26, 2021
Messages
4,420
Likes
13,314
Country flag

Hey guys what do you think of this article. Is Modi's startup schemes working as Indian startup ecosystem has been doing so well recently.
Mostly app based , not manufacturing based but still it's good to see impact , not just modi but market too is optimistic somewhat , china is different game ,they are based on whether government approve a company to setup or not
 

ezsasa

Designated Cynic
Mod
Joined
Jul 12, 2014
Messages
20,073
Likes
75,798
Country flag
I will even agree that he was slow to react to the NPA and the banking crisis and lacked guts to carry on with land reforms and NJAC. If the economy is down of course he is responsible to some extent. Crying that MMS did that, Lehruji did those are not going to work forever! But what this article does is pure cherry picking facts to suit its narrative. Even the FT, which usually criticises Babaji and Bhajipao for pretty much everything, did not stoop so low and praised their bold post covid reformist economic push.
what exactly does “slow to react on NPA” to mean?
 

SKC

Senior Member
Joined
Aug 16, 2014
Messages
2,599
Likes
8,161
Country flag
Mostly app based , not manufacturing based but still it's good to see impact , not just modi but market too is optimistic somewhat , china is different game ,they are based on whether government approve a company to setup or not
App based market is totally dominated by existing big companies of china like Tencent, Alibaba and others. Any new startup here is mostly within the umbrella of these companies.

Govt of China has always been focusing on Manufacturing and Engineering startups. They funds the new companied to almost 50% and also gives lands on cheap rates if you come up with any new idea.
 

Lonewolf

Psychopathic Neighbour
Senior Member
Joined
Jan 26, 2021
Messages
4,420
Likes
13,314
Country flag
App based market is totally dominated by existing big companies of china like Tencent, Alibaba and others. Any new startup here is mostly within the umbrella of these companies.

Govt of China has always been focusing on Manufacturing and Engineering startups. They funds the new companied to almost 50% and also gives lands on cheap rates if you come up with any new idea.
When will this happen here 😔
 

Global Defence

New threads

Articles

Top