Indian Economy: News and Discussion

[Chandragupt Maurya]

Bihar also has huge amount of water while Maharashtra sees drought every year. But you cannot compare gold with other resources as Gold is a monetary asset and is important from any countries financial stability perspective.

If you are specifically talking about Bihar then that state has the potential (It was once situated very close to Kolkata which was India's capital) and needs to make better use of it's advantages rather than getting into things that are constitutionally not under their domain.

By your logic Maharashtra would have been the most backward state as it has almost no natural resources, very miniscule water, terrain that is not suitable for farming etc. etc. and yet it is the number one state in the country as it focused on industrialization.

That being said it can be taken over by other states if they play their cards right and Maharashtra goofs up big time over the years (which I believe is happening as we speak).

List of Indian states and union territories by GDP - Wikipedia

en.wikipedia.org

The biggest Reason behind industrialization of Maharashtra , Gujrat , Tamil Nadu and de industrialization of states like Bihar , Jharkhand , Chhattisgarh , MP , Odisha , Rajasthan was Freight Equalisation Policy which was introduced in 1952 and was continued till 1993

 

[indus]

Then most of the people from there will migrate to resource rich areas and that’s how it should be its natural

Natural resources do not cause migration. Opportunity does. Africa has more resources than for example Japan. But given choice person will migrate to Japan because it has more opportunities than Africa. Presence of natural resources is not the key to development. Value addition to those resources is what creates opportunities thus causing migration of people to those areas. IT industry is another example where migration is opportunity driven and not resource driven. People migrate to Bangaluru, Pune because they have maximum opportunities, not to the places where most Engineering colleges are located.

 

[ezsasa]

@Chandragupt Maurya i hope you will no longer raise the point about gold and bihar again and again, considering that bihar is neither mining gold ore nor processing gold.

zero gold is coming out of bihar as per govt records.

same logic:

Notice the number of grams of gold per tonne is being extracted. 3.44 gram per tonne.
state where actual gold is being manufactured, and that manufactured gold is being utilised into making high value items like jewellery is what matters.

It's always about where's the state's industry is located in value chain.

View attachment 102103


View attachment 102105

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[warriorextreme]

The biggest Reason behind industrialization of Maharashtra , Gujrat , Tamil Nadu and de industrialization of states like Bihar , Jharkhand , Chhattisgarh , MP , Odisha , Rajasthan was Freight Equalisation Policy which was introduced in 1952 and was continued till 1993

That might have helped these states with Manufacturing sector growth but does not explain why they missed the IT boom that was predominantly achieved by inland cities like Bengaluru, Hyderabad, Pune etc. Service Exports are around $200 billion by the way.

 

[sorcerer]

Government of India has decided to revive Talcher unit of Fertilizer Corporation of India Ltd


Posted On: 27 JUL 2021 4:02PM by PIB Delhi



Government of India has decided to revive Talcher unit of Fertilizer Corporation of India Ltd (FCIL) by setting up a Ammonia Urea plant of 12.7 Lakh Metric Tonne per annum capacity by forming a Joint venture Company (JV) of nominated PSUs i.e. Gas Authority of India Ltd (GAIL), Rashtriya Chemicals & Fertilizers Ltd (RCF), Coal India ltd (CIL) and FCIL. Accordingly, a JV company named “Talcher Fertilizers Ltd (TFL)” has been incorporated on 03.11.2015.


The direct employment opportunities would be about 510 and indirect employment opportunities would be 4500 (during construction phase) for the Talcher Fertilizer Plant. Besides employment opportunities to the local people, Talcher Fertilizer Plant would boost economic development in the eastern region and would ensure availability of urea to the farmers in the state of Odisha.


This information was given by the Minister of Health & Family Welfare and Chemicals & Fertilizers, Shri Mansukh Mandaviya in a written reply in Lok Sabha today.

 

[asaffronladoftherisingsun]

huge positive impact, since local consumption is largely not impacted for external factors unless those of global events it ensure the cash keeps circulating domestically keeping the bottom line of the economy intact.

Flip side of the argument: there is less stress on achieving top line, like what’s happening in domestic textile industry at a macro level. they are content with local consumption(100 billion$) so never really focused on exports (30 billion $).

You should start teaching economics for noobs on Dfi . 3 hours per week should be fine.

 

[Chandragupt Maurya]

@Chandragupt Maurya i hope you will no longer raise the point about gold and bihar again and again, considering that bihar is neither mining gold ore nor processing gold.

zero gold is coming out of bihar as per govt records.



..

I am tallking about Primary Gold Ore Reserves

India has over 500 million tonnes of gold ore reserves; largest resources in Bihar [details]

The government has taken some steps to properly explore the gold reserves and reduce the cost incurred on the extraction of gold.

www.ibtimes.co.in

It’s from
GOVERNMENT OF INDIA MINISTRY OF MINES INDIAN BUREAU OF MINES
Indian Minerals Yearbook 2017
(Part- II : Metals & Alloys)
56th Edition
GOLD (ADVANCE RELEASE)

https://ibm.gov.in/writereaddata/files/03202018145720Gold_AR_2017.pdf

 

[Chandragupt Maurya]

Natural resources do not cause migration. Opportunity does. Africa has more resources than for example Japan. But given choice person will migrate to Japan because it has more opportunities than Africa. Presence of natural resources is not the key to development. Value addition to those resources is what creates opportunities thus causing migration of people to those areas. IT industry is another example where migration is opportunity driven and not resource driven. People migrate to Bangaluru, Pune because they have maximum opportunities, not to the places where most Engineering colleges are located.

And what about Dubai ?

 

[Haldilal]

You should start teaching economics for noobs on Dfi . 3 hours per week should be fine.

Ya'll Nibbiare @ezsasa nibba this happens when you to be some one who you are not. Kyu tula hue hai apni Izzat ka bhaji pala.

 

[ezsasa]

I am tallking about Primary Gold Ore Resreve

India has over 500 million tonnes of gold ore reserves; largest resources in Bihar [details]

The government has taken some steps to properly explore the gold reserves and reduce the cost incurred on the extraction of gold.

www.ibtimes.co.in

It’s from
GOVERNMENT OF INDIA MINISTRY OF MINES INDIAN BUREAU OF MINES

https://ibm.gov.in/writereaddata/files/03202018145720Gold_AR_2017.pdf

gold ore deposits means nothing until someone takes it out of the ground and processes it


your argument is same as what pakis do with their 1 trillion $ minerals argument.

 

[sorcerer]

Puri First Indian City To Achieve 24/7 Quality Drinking Water Supply
Moneycontrol News

3-4 minutes


The initiative to provide water supply adhering to "Quality Standards of IS 10500" will benefit the city’s 2.5- lakh population and 2 crore tourists who visit the holy place annually, he said.

Puri first Indian city to achieve 24/7 quality drinking water supply

The initiative to provide water supply adhering to "Quality Standards of IS 10500" will benefit the city’s 2.5- lakh population and 2 crore tourists who visit the holy place annually, he said.

www.moneycontrol.com

 

[ezsasa]

You should start teaching economics for noobs on Dfi . 3 hours per week should be fine.

when you have @Haldilal, you don’t need me.

 

[Chandragupt Maurya]

gold ore deposits means nothing until someone takes it out of the ground and processes it


your argument is same as what pakis do with their 1 trillion $ minerals argument.

But it’s not owned by respective state governments it’s owned by the centre so states have no say in it they can’t mine it even if they want to

 

[Haldilal]

But it’s not owned by respective state governments it’s owned by the centre so states have no say in it they can’t mine it even if they want to

Ya’ll Nibbiars are you a Medical student or a Sone ka dalal?.

 

[Chandragupt Maurya]

Ya’ll Nibbjars are you a Medical student or a Sone ka dalal?.

Mongolian Nationalist

 

[Haldilal]

Mongolian Nationalist

Ya'll Nibbiars huzur apke ki hidmat mein pesh hai ye Gaana. When you get a nibbi sing this song.

 

[Knowitall]

The biggest Reason behind industrialization of Maharashtra , Gujrat , Tamil Nadu and de industrialization of states like Bihar , Jharkhand , Chhattisgarh , MP , Odisha , Rajasthan was Freight Equalisation Policy which was introduced in 1952 and was continued till 1993

Oh please stop this nonsense.

South continues to suffer due to a broken system that ends up rewarding states that fail to control their population growth instead of penalizing them.

The system is so biased and broken that by using the 2011 census south ends up in a even worse position because of their effective penalizing methods. TN was the only exception and seems to have gained overall.

Out of an estimated ₹42 trillion worth of taxes to be devolved over the five years, highly populous states of Uttar Pradesh and Bihar will alone command around 28% share.

Don't act like there is some great injustice being meted out to you.

 

[fire starter]

What does this mean.

 

[ezsasa]

But it’s not owned by respective state governments it’s owned by the centre so states have no say in it they can’t mine it even if they want to

when entire India’s gold production is worth about 700 crores ₹ per year, is it really worth this level of discussion?

 

[sorcerer]

X POST

'333 private companies are into defence production in India'
Sentinel Digital Desk

4-5 minutes



A total 333 private companies have been issued 539 industrial licences for defence production in India and out of these, 110 companies have started production.

NEW DELHI: A total 333 private companies have been issued 539 industrial licences for defence production in India and out of these, 110 companies have started production.

'333 private companies are into defence production in India'

NEW DELHI: A total 333 private companies have been issued 539 industrial licences for defence production in India and out of these, 110 companies have started p

www.sentinelassam.com