Indian Economy: News and Discussion

[Haldilal]

Ya'll Nibbiars the next Start ups unicorn. Has a annual revenues of 600 crores with 100 crires profit. This fiscal may increase to 1,200 crores.

Indian B2B Payments Firm PayMate Planning $400M IPO

B2B payment solution provider PayMate India Pvt has chosen financial institutions to handle its initial public offering, which could raise about $400 million.

www.pymnts.com

 

[Chandragupt Maurya]

Funny thing is i know about this rabbit hole that mind goes thru when it is about mining.

7 years ago, a proposal for partnership of a iron ore mine came to me. i was naive and didn't know about this industry and me too did all this silly calculations of billions of $ initially before the reality check fell on top of my head like a tonne of bricks.

it was a good life lesson for me.

Gold reserves in Bihar could be much higher than Karnataka if explored because not an inch of mineable land has so far been used in the state and not even an ounce of gold ore dug up.
a lot of gold ore resource identified in Bihar falls in Naxalite ridden regions that makes government agencies' task of researching the prospect further difficult.
In the year 2020-21, gold ore exploration projects have been started in Ajaynagar block in Gaya and Siwalik Himalayas belt of West Champaran.
Don’t forget that 95% of pyrite reserves of india are in Bihar alone Pyrite is an indicator of gold it’s mined for gold associated with it

 

[sorcerer]

India for implementation of default security features in ORAN telecom networks

All the members during the discussion on Wednesday promised collaboration and support for building secured and trusted 5G networks, and the US representative supported India's suggestion to implement security by design in open radio access network (O-RAN) components.

India for implementation of default security features in ORAN telecom networks

All the members during the discussion on Wednesday promised collaboration and support for building secured and trusted 5G networks, and the US representative supported India's suggestion to implement security by design in open radio access network (O-RAN) components.

economictimes.indiatimes.com

 

[Haldilal]

Gold reserves in Bihar could be much higher than Karnataka if explored because not an inch of mineable land has so far been used in the state and not even an ounce of gold ore dug up.
a lot of gold ore resource identified in Bihar falls in Naxalite ridden regions that makes government agencies' task of researching the prospect further difficult.
In the year 2020-21, gold ore exploration projects have been started in Ajaynagar block in Gaya and Siwalik Himalayas belt of West Champaran.
Don’t forget that 95% of pyrite reserves of india are in Bihar alone Pyrite is an indicator of gold it’s mined for gold associated with it

Ya'll Nibbiars who rahane do bhagalpur ka kya hua hone wala hai ya phir ek aur jumbla?.

 

[warriorextreme]

Ya'll Nibbiars start ups by cities. Its a natural interest owned by the GOI. With percent distru ef among the state and Central but the final decision is made by the GOI as a rare material. They have the final say. Like in most of the countries.

Have explained to him earlier that you can not treat gold, uranium etc as apples and oranges. He doesn't understand what federation is or what Union list, state list and concurrent list are.

 

[Haldilal]

Have explained to him earlier that you can not treat gold, uranium etc as apples and oranges. He doesn't understand what federation is or what Union list, state list and concurrent list are.

Ya'll Nibbiars you need refineries that are mostly located in Uttarakhand, Maharashtra and Karnataka.

 

[ezsasa]

Gold reserves in Bihar could be much higher than Karnataka if explored because not an inch of mineable land has so far been used in the state and not even an ounce of gold ore dug up.
a lot of gold ore resource identified in Bihar falls in Naxalite ridden regions that makes government agencies' task of researching the prospect further difficult.
In the year 2020-21, gold ore exploration projects have been started in Ajaynagar block in Gaya and Siwalik Himalayas belt of West Champaran.
Don’t forget that 95% of pyrite reserves of india are in Bihar alone Pyrite is an indicator of gold it’s mined for gold associated with it

So you knew about this all along, and yet you kept going in circles on this topic for days?

 

[Lonewolf]

So you knew about this all along, and yet you kept going in circles on this topic for days?

I don't understand why he is ignoring that over supply of gold will hit the prices badly

 

[Haldilal]

So you knew about this all along, and yet you kept going in circles on this topic for days?

Ya'll Nibbiars now everyone be like.

 

[Haldilal]

I don't understand why he is ignoring that over supply of gold will hit the prices badly

Ya'll Nibbiars Inflation not in the dictionary.

 

[Chandragupt Maurya]

So you knew about this all along, and yet you kept going in circles on this topic for days?

My point was that ownership rights of each and every mineral resource within the geographical boundaries of a state should be with the state governments and not the central government

 

[Haldilal]

My point was that ownership rights of each and every mineral resource within the geographical boundaries of a state should be with the state governments and not the central government

Ya'll Nibbiars its not about ownership right but permission which state can't grant without taking central into confidence. It's the ultimately the stats failures for not frameworking a policy.

 

[DEV1729]

They are buying companies way too quickly.
Is this good or bad?

Bad they will monopolize the market even try to use dubious means for admission in iits or iims

 

[Haldilal]

Ya'll Nibbiars if Karnataka can run the largest gold mine in India the Hutti and Chitradurga gold fileds through the HGML independent without any GOI supports and with profits then why not bihar?. Its ultimately the state failure not working on a framework policies.

 

[Haldilal]

Ya'll Nibbiars unlike karnataka I read that bihar gold mines are not open cast mines but sub surface that would increase the cost of the extractions.

 

[Haldilal]

Ya'll Nibbiars if every state ask for special status then nothing special would be left about it's.

What Centre said on ally Nitish Kumar's long-pending demand for 'special category status' to Bihar - Times of India

Times of India brings the Latest & Top Breaking News on Politics and Current Affairs in India & around the World, Cricket, Sports, Business, Bollywood News and Entertainment, Science, Technology, Health & Fitness news & opinions from leading columnists.

m.timesofindia.com

 

[IndianYonko]

Ya'll Nibbiars if every state ask for special status then nothing special would be left about it's.

What Centre said on ally Nitish Kumar's long-pending demand for 'special category status' to Bihar - Times of India

Times of India brings the Latest & Top Breaking News on Politics and Current Affairs in India & around the World, Cricket, Sports, Business, Bollywood News and Entertainment, Science, Technology, Health & Fitness news & opinions from leading columnists.

m.timesofindia.com

In his reply, the minister cited the reasons for Bihar's poor performance as follows:


* A high proportion (33.74 per cent) of the population lives below the poverty line, and as high as 52.5 per cent suffers from multidimensional poverty


* Only 12.3 per cent of households have any usual member covered by a health insurance


* As high as 42 per cent of children under five years of age are stunted, which is the highest in the country


* It has the lowest literacy (64.7 per cent) in the age group of 15 years and above


* The state has the highest Pupil Teacher Ratio (PTR) at secondary level (class 9-10) at 58, while the India average is at 21


* It has the lowest Gross Value Added (constant prices) in agriculture per worker (in Lakhs/worker) at 0.29


* The state also has the lowest mobile tele-density (50.65 per 100 people) and lowest number of internet subscribers (30.99 per 100 people).


Nice; Awwal darje ka MC hai Modi aur uska pilla.. What to say more.

Sometimes I do think there must be an anti India voice in Bihar too.

 

[Chandragupt Maurya]

In his reply, the minister cited the reasons for Bihar's poor performance as follows:


* A high proportion (33.74 per cent) of the population lives below the poverty line, and as high as 52.5 per cent suffers from multidimensional poverty


* Only 12.3 per cent of households have any usual member covered by a health insurance


* As high as 42 per cent of children under five years of age are stunted, which is the highest in the country


* It has the lowest literacy (64.7 per cent) in the age group of 15 years and above


* The state has the highest Pupil Teacher Ratio (PTR) at secondary level (class 9-10) at 58, while the India average is at 21


* It has the lowest Gross Value Added (constant prices) in agriculture per worker (in Lakhs/worker) at 0.29


* The state also has the lowest mobile tele-density (50.65 per 100 people) and lowest number of internet subscribers (30.99 per 100 people).


Nice; Awwal darje ka MC hai Modi aur uska pilla.. What to say more.

Sometimes I do think there must be an anti India voice in Bihar too.

The demand of special category status by Bihar Jharkhand Odisha and Bengal itself is a sign of deteriorating Centre state relations
Bihar is asking for special category status for last 20 years

 

[Shredder]

Farmer protests ftw!

 

[another_armchair]

The demand of special category status by Bihar Jharkhand Odisha and Bengal itself is a sign of deteriorating Centre state relations
Bihar is asking for special category status for last 20 years

Andhra Pradesh too. It was Naidu's persistent demands for special status for AP which led to souring of relations between the two parties. Result - One crook was replaced by an evangeloihadi super crook.