Indian Economy: News and Discussion

HitmanBlood

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Ya'll Nibbiars Birla Gifting VI to the GOI.

We have lowest tariffs and highest taxes. On top of this AGR dues. This was bound to happen. With BSNL in grave and VI almost there, future of indian telecom industry is going to be a duopoly. Without the competition even private companies will behave like Gov PSUs. Not to mention people's monthly bills will go way up.

The era of cheap internet in India is going to end soon. We may even see policies like paid incoming calls and high per second voice charges. We are now at the mercy of Mukesh bhai.
 

sorcerer

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Hindustan Zinc to invest $1 bn to replace diesel vehicles with battery EVs

IBEF: August 02, 2021


In the next five years, Hindustan Zinc Ltd would invest around US$ 1 billion (~ Rs. 7,440 crore) across its eight mines to replace diesel-powered trucks and equipment with battery-powered vehicles, according to company CEO Mr. Arun Misra.

In the first phase, the business will install three Normet SmartDrive EVs - a 'Spraymec,' a 'Agitator,' and a 'Charmec' - in its deep mines, as part of an agreement with Finnish technology firm Normet Group Oy to introduce front-line battery-powered service equipment in underground mining.

"We have a five-year plan to replace all of our present equipment as needed. Then battery-powered equipment will take their place, and our mines will be free from diesel-powered equipment in five to six years. There are hundreds of them, not tens or even twenties "PTI quoted MR. Misra as saying.

When asked how much money the firm will spend into the exercise, he replied, "it might go up to say US$ 200 to US$ 250 million each year and near to US$ 1 billion over five years."

HZL inked an MoU with Epiroc Rock Drills AB earlier this year to deploy another fleet of battery electric vehicles (BEV) in their deep mines for production equipment, according to Mr. Misra, who added that the Normet collaboration is for support equipment.

"As a result, the two will finish one mining operation segment of a mine jointly. We have eight mines in our possession (in India). This is the first step”. He went on to say that this would allow the firm to test and evaluate the benefits and drawbacks, as well as the infrastructure needed for maintenance, and move the process ahead.

HZL claims that the Normet SmartDrive EV will save them a lot of money on high-speed diesel (HSD) and maintenance. Around 3 lakh gallons of HSD may be saved each vehicle by replacing HSD cars with Normet SmartDrive battery-powered automobiles.

It stated that by swapping three SmartDrive EVs for HSD cars, about 10 lakh gallons of gasoline may be saved.

"Our cooperation with Hindustan Zinc for the Normet SmartDrive Vehicles is a milestone on our joint path towards safe, sustainable, and green mining," stated Mr. Subhasis Mohanty, Vice President, India Sales Area and MD Normet India, in response to the news.

Normet SmartDrive is a modular BEV architecture developed for underground mining and tunneling applications to reduce energy consumption and improve performance.

The SmartDrive equipment enables higher productivity, lower operating costs, and, most importantly, zero local emissions, according to the company. It also maximizes the storing of regenerative braking energy during downhill driving and deceleration, thanks to in-built energy recuperation technology.

HZL's transition to EVs for underground mining operations, according to Mr. Misra, is primarily motivated by the company's dedication to sustainable business and the 'Race to Net Zero.'

"By assisting us in achieving our Sustainability Development Goal of decreasing carbon emissions, our cooperation with Normet reaffirms our commitment to sustainable operations for a greener tomorrow. We think that the adoption of BEVs in underground mining would be a game-changer for the sector and a significant step forward for India in terms of responsible mining "In a statement, he added.

He claims that by replacing diesel vehicles and equipment in mines with battery-powered electric vehicles, HZL will be able to save on maintenance expenses, total cost of ownership, and make the mining environment "far superior to what we have."

"CO2 emissions will be reduced since we will not be using diesel. We already have solar power facilities in several of our mines, and we'll be using it to charge our vehicles "According to Mr. Misra.
 

sorcerer

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INDIA’S MERCHANDISE TRADE: Preliminary Data July 2021
xports in July 2021 log 47.91 % increase in ( USD 35.17 billion) over the same period o 2020 (USD 23.78 billion)

Exports up by 34.06% over same period of 2019 (USD 26.23 billion)

Exports during April-July 2021 were USD 130.53 billion, up by 73.51% over the same period of 2020 (USD 75.10 billion) and up by 21.82% over same period of 2019 (USD 107.15 billion)



Posted On: 02 AUG 2021 9:01PM by PIB Delhi



India’s merchandise exports in July 2021 was USD 35.17 billion, highest ever monthly achievement, which showed an increase of 47.91% over USD 23.78 billion in July 2020 and an increase of 34.06% over USD 26.23 billion in July 2019.
Value of non-petroleum and non-gems and jewellery exports in July 2021 was USD 26.11 billion, registering a positive growth of 27.36% over non-petroleum and non-gems and jewellery exports of USD 20.5 billion in July 2020 and a positive growth of 32.25% over non-petroleum and non-gems and jewellery exports of USD 19.75 billion in July 2019.
Value of non-oil, non-GJ (gold, silver & Precious metals) imports was USD 26.66 billion in July 2021 with a positive growth of 35.11% over non-oil and non-GJ imports of USD 19.73 billion in July 2020 but had a marginal negative growth of 0.17% over non-oil and non-GJ imports of USD 26.7 billion in July 2019.
Top 5 commodity groups of export which have recorded positive growth during July 2021 vis-à-vis July 2020 are: Petroleum Products (215.68%), Gems and Jewellery (130.44%), Other Cereals (70.25%), Man-made Yarn/Fabrics/Made-ups etc. (58.67%) and Cotton Yarn/Fabrics/Made-ups, Handloom Products etc. (48.02%).
Top 5 commodity groups of export which have recorded positive growth during July 2021 vis-à-vis July 2019 are: Other Cereals (530.65%), Petroleum Products (60.51%), Cotton Yarn/Fabrics/Made-ups, Handloom Products etc. (58.86%), Engineering Goods (55.07%) and Rice (36.97%).
India’s merchandise exports in July 2021 was USD 35.17 billion, an increase of 47.91% over USD 23.78 billion in July 2020 and an increase of 34.06% over USD 26.23 billion in July 2019. India’s merchandise exports in Apr-July 2021 was USD 130.53 billion, an increase of 73.51% over USD 75.22 billion in Apr-July 2020 and an increase of 21.82% over USD 107.15 billion in Apr-July 2019.
In July 2021, the value of non-petroleum exports was USD 29.57 billion, registering a positive growth of 34.39% over USD 22.0 billion in July 2020 and a positive growth of 30.01% over USD 22.75 billion in July 2019.
The cumulative value of non-petroleum exports in April-July 2021 was USD 112.02 billion, an increase of 63.47% over USD 68.53 billion in April-July 2020 and an increase of 21.05% over USD 92.54 billion in April-July 2019.
The value of non-petroleum and non-gems and jewellery exports in July 2021 was USD 26.11 billion, registering a positive growth of 27.36% over non-petroleum and non-gems and jewellery exports of USD 20.5 billion in July 2020 and a positive growth of 32.25% over non-petroleum and non-gems and jewellery exports of USD 19.75 billion in July 2019.
The cumulative value of non-petroleum and non-gems and jewellery exports in April-July 2021 was USD 99.39 billion, an increase of 54.43% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 64.36 billion in April-July 2020 and an increase of 24.12% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 80.08 billion in April-July 2019.
Major commodity groups of export showing positive growth in July 2021 over July 2020 are – Petroleum Products (215.68%), Gems and Jewellery (130.44%), Other Cereals (70.25%), Man-Made Yarn/Fabrics/Made-ups Etc. (58.67%), Cotton Yarn/Fabrics/Made-ups, Handloom Products Etc. (48.02%), Marine Products (47.7%), Electronic Goods (47.59%), Engineering Goods (42.14%), Handicrafts Excl. Hand Made Carpet (32.59%), RMG Of All Textiles (30.52%), Organic And Inorganic Chemicals (28.52%), Carpet (25.61%), Plastic And Linoleum (23.9%), Jute Mfg. Including Floor Covering (22.52%), Leather And Leather Manufactures (16.5%), Mica, Coal And Other Ores, Minerals Including Process (16.47%), Cereal Preparations And Miscellaneous Processed Item (16.37%), Ceramic Products And Glassware (6.97%) and Drugs And Pharmaceuticals (4.1%).
Major commodity groups of export showing negative growth in July 2021 over July 2020 are – Oil Seeds (-38.65%), Oil Meals (-35.69%), Meat, Dairy and Poultry Products (-31.97%), Tobacco (-10.35%), Spices (-10.29%), Tea (-8.97%), Rice (-7.85%), Cashew (-3.58%), Iron Ore (-3.5%), Coffee (-1.89%) and Fruits and Vegetables (-0.44%).
Major commodity groups of import showing positive growth in July 2021 over July 2020 are:
Sulphur & Unroasted Iron Pyrites (355.57%), Pulp and Waste paper (227.6%), Pearls, precious & Semi-precious stones (179.32%), Gold (135.56%), Non-ferrous metals (121.31%), Cotton Raw & Waste (115.19%), Coal, Coke & Briquettes, etc. (106.09%), Petroleum, Crude & products (97.06%), Wood & Wood products (94.03%), Iron & Steel (75.61%), Metaliferrous ores & other minerals (71.8%), Fertilisers, Crude & manufactured (70.8%), Pulses (65.35%), Artificial resins, plastic materials, etc. (61.33%), Dyeing/tanning/colouring materials (54.42%), Organic & Inorganic Chemicals (46.59%), Textile yarn Fabric, made-up articles (43.96%), Fruits & vegetables (36.9%), Chemical material & products (34.53%), Machinery, electrical & non-electrical (31.56%), Leather & leather products (30.59%), Machine tools (30.47%), Professional instrument, Optical goods, etc. (27.52%), Vegetable Oil (24.13%), Electronic goods (10.68%) and Medicinal & Pharmaceutical products (7.3%).
Only four commodity groups of import have shown a fall in July 2021 vis-à-vis July 2020. These are: Silver (-89.16%), Project Goods (-78.63%), Transport Equipment (-16.08%) and Newsprint (-3.49%).




MERCHANDISE TRADE: Preliminary Data, July 2021


Summary Value in USD Billion









Total

Non-Petroleum

Non- Petroleum and Non-Gems & Jewellery

JUL19

JUL20

JUL21

% change Jul21 over Jul20

% change Jul21 over Jul19

JUL19

JUL20

JUL21

% change Jul21 over Jul20

% change Jul21 over Jul19

JUL19

JUL20

JUL21

% change Jul21 over Jul20

% change Jul21 over Jul19

Exports

26.23

23.78

35.17

47.91

34.06

22.75

22.0

29.57

34.39

30.01

19.75

20.5

26.11

27.36

32.25

Imports

40.43

29.11

46.4

59.38

14.75

30.68

22.57

33.5

48.46

9.19

26.7

19.73

26.66

35.11

- 0.17

Deficit/Surplus

14.2

5.33

11.23

110.56

- 20.92



7.93

0.57

3.93

589.47

-50.44

6.95

-0.77

0.55

-171.43

-92.09




























Change by top Commodity Groups in Export Value in USD Million






Top Increase

Top Decline



Commodity group

Change (USD Million)

% change

Commodity group

Change (USD Million)

% change

EXPORT (JUL’21 OVER JUL’20)

PETROLEUM PRODUCTS

3823.72

215.68

MEAT, DAIRY AND POULTRY PRODUCTS

-120.48

-31.97



ENGINEERING GOODS

2822.26

42.14

RICE

-60.01

-7.85

GEMS AND JEWELLERY

1957.79

130.44

OIL SEEDS

-48.25

-38.65

EXPORT (JUL ’20 OVER JUL’19)

ENGINEERING GOODS

558.25

9.09

PETROLEUM PRODUCTS

-1713.86

-49.15

DRUGS AND PHARMACEUTICALS

335.98

19.51

GEMS AND JEWELLERY

-1500.30

-49.99

RICE

250.15

48.64

RMG OF ALL TEXTILES

-301.23

-22.07

EXPORT (JUL ’21 OVER JUL’19)

ENGINEERING GOODS

3380.50

55.07

SPICES

-79.76

-19.07

PETROLEUM PRODUCTS

2109.86

60.51

LEATHER AND LEATEHR MANUFACTURERS

-68.06

-14.93

ORGANIC AND INORGANIC CHEMICALS

562.53

30.22

MEAT, DAIRY AND POULTRY PRODUCTS

-52.13

-16.90




Change by top Commodity Groups in Import Value in USD Million






Top Increase

Top Decline



Commodity group

Change (USD Million)

% change

Commodity group

Change (USD Million)

% change

IMPORT (JUL’21 OVER JUL’20)



Petroleum, Crude & products

6351.22

97.06

Transport equipment

-202.05

-16.08

Gold

2418.99

135.56

Project goods

-154.49

-78.63

Pearls, precious & Semi-precious stones

1687.24

179.32

Silver

-98.26

-89.16

IMPORT (JUL’20 OVER JUL’19)



Vegetable Oil

231.69

26.66

Petroleum, Crude & products

-3205.25

-32.88

Medcnl. & Pharmaceutical products

126.14

20.82

Coal, Coke & Briquettes, etc.

-1097.52

-53.56

Project goods

87.28

79.91

Machinery, electrical & non-electrical

-1050.66

-32.89

IMPORT (JUL’21 OVER JUL’19)



Petroleum, Crude & products

3145.97

32.27

Transport equipment

-1025.98

-49.32

Gold

2490.40

145.38

Silver

-512.86

-97.72

Pearls, precious & Semi-precious stones

886.72

50.92

Machinery, electrical & non-electrical

-373.91

-11.70
 

Lonewolf

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INDIA’S MERCHANDISE TRADE: Preliminary Data July 2021
xports in July 2021 log 47.91 % increase in ( USD 35.17 billion) over the same period o 2020 (USD 23.78 billion)

Exports up by 34.06% over same period of 2019 (USD 26.23 billion)

Exports during April-July 2021 were USD 130.53 billion, up by 73.51% over the same period of 2020 (USD 75.10 billion) and up by 21.82% over same period of 2019 (USD 107.15 billion)



Posted On: 02 AUG 2021 9:01PM by PIB Delhi



India’s merchandise exports in July 2021 was USD 35.17 billion, highest ever monthly achievement, which showed an increase of 47.91% over USD 23.78 billion in July 2020 and an increase of 34.06% over USD 26.23 billion in July 2019.
Value of non-petroleum and non-gems and jewellery exports in July 2021 was USD 26.11 billion, registering a positive growth of 27.36% over non-petroleum and non-gems and jewellery exports of USD 20.5 billion in July 2020 and a positive growth of 32.25% over non-petroleum and non-gems and jewellery exports of USD 19.75 billion in July 2019.
Value of non-oil, non-GJ (gold, silver & Precious metals) imports was USD 26.66 billion in July 2021 with a positive growth of 35.11% over non-oil and non-GJ imports of USD 19.73 billion in July 2020 but had a marginal negative growth of 0.17% over non-oil and non-GJ imports of USD 26.7 billion in July 2019.
Top 5 commodity groups of export which have recorded positive growth during July 2021 vis-à-vis July 2020 are: Petroleum Products (215.68%), Gems and Jewellery (130.44%), Other Cereals (70.25%), Man-made Yarn/Fabrics/Made-ups etc. (58.67%) and Cotton Yarn/Fabrics/Made-ups, Handloom Products etc. (48.02%).
Top 5 commodity groups of export which have recorded positive growth during July 2021 vis-à-vis July 2019 are: Other Cereals (530.65%), Petroleum Products (60.51%), Cotton Yarn/Fabrics/Made-ups, Handloom Products etc. (58.86%), Engineering Goods (55.07%) and Rice (36.97%).
India’s merchandise exports in July 2021 was USD 35.17 billion, an increase of 47.91% over USD 23.78 billion in July 2020 and an increase of 34.06% over USD 26.23 billion in July 2019. India’s merchandise exports in Apr-July 2021 was USD 130.53 billion, an increase of 73.51% over USD 75.22 billion in Apr-July 2020 and an increase of 21.82% over USD 107.15 billion in Apr-July 2019.
In July 2021, the value of non-petroleum exports was USD 29.57 billion, registering a positive growth of 34.39% over USD 22.0 billion in July 2020 and a positive growth of 30.01% over USD 22.75 billion in July 2019.
The cumulative value of non-petroleum exports in April-July 2021 was USD 112.02 billion, an increase of 63.47% over USD 68.53 billion in April-July 2020 and an increase of 21.05% over USD 92.54 billion in April-July 2019.
The value of non-petroleum and non-gems and jewellery exports in July 2021 was USD 26.11 billion, registering a positive growth of 27.36% over non-petroleum and non-gems and jewellery exports of USD 20.5 billion in July 2020 and a positive growth of 32.25% over non-petroleum and non-gems and jewellery exports of USD 19.75 billion in July 2019.
The cumulative value of non-petroleum and non-gems and jewellery exports in April-July 2021 was USD 99.39 billion, an increase of 54.43% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 64.36 billion in April-July 2020 and an increase of 24.12% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 80.08 billion in April-July 2019.
Major commodity groups of export showing positive growth in July 2021 over July 2020 are – Petroleum Products (215.68%), Gems and Jewellery (130.44%), Other Cereals (70.25%), Man-Made Yarn/Fabrics/Made-ups Etc. (58.67%), Cotton Yarn/Fabrics/Made-ups, Handloom Products Etc. (48.02%), Marine Products (47.7%), Electronic Goods (47.59%), Engineering Goods (42.14%), Handicrafts Excl. Hand Made Carpet (32.59%), RMG Of All Textiles (30.52%), Organic And Inorganic Chemicals (28.52%), Carpet (25.61%), Plastic And Linoleum (23.9%), Jute Mfg. Including Floor Covering (22.52%), Leather And Leather Manufactures (16.5%), Mica, Coal And Other Ores, Minerals Including Process (16.47%), Cereal Preparations And Miscellaneous Processed Item (16.37%), Ceramic Products And Glassware (6.97%) and Drugs And Pharmaceuticals (4.1%).
Major commodity groups of export showing negative growth in July 2021 over July 2020 are – Oil Seeds (-38.65%), Oil Meals (-35.69%), Meat, Dairy and Poultry Products (-31.97%), Tobacco (-10.35%), Spices (-10.29%), Tea (-8.97%), Rice (-7.85%), Cashew (-3.58%), Iron Ore (-3.5%), Coffee (-1.89%) and Fruits and Vegetables (-0.44%).
Major commodity groups of import showing positive growth in July 2021 over July 2020 are:
Sulphur & Unroasted Iron Pyrites (355.57%), Pulp and Waste paper (227.6%), Pearls, precious & Semi-precious stones (179.32%), Gold (135.56%), Non-ferrous metals (121.31%), Cotton Raw & Waste (115.19%), Coal, Coke & Briquettes, etc. (106.09%), Petroleum, Crude & products (97.06%), Wood & Wood products (94.03%), Iron & Steel (75.61%), Metaliferrous ores & other minerals (71.8%), Fertilisers, Crude & manufactured (70.8%), Pulses (65.35%), Artificial resins, plastic materials, etc. (61.33%), Dyeing/tanning/colouring materials (54.42%), Organic & Inorganic Chemicals (46.59%), Textile yarn Fabric, made-up articles (43.96%), Fruits & vegetables (36.9%), Chemical material & products (34.53%), Machinery, electrical & non-electrical (31.56%), Leather & leather products (30.59%), Machine tools (30.47%), Professional instrument, Optical goods, etc. (27.52%), Vegetable Oil (24.13%), Electronic goods (10.68%) and Medicinal & Pharmaceutical products (7.3%).
Only four commodity groups of import have shown a fall in July 2021 vis-à-vis July 2020. These are: Silver (-89.16%), Project Goods (-78.63%), Transport Equipment (-16.08%) and Newsprint (-3.49%).




MERCHANDISE TRADE: Preliminary Data, July 2021


Summary Value in USD Billion









Total

Non-Petroleum

Non- Petroleum and Non-Gems & Jewellery

JUL19

JUL20

JUL21

% change Jul21 over Jul20

% change Jul21 over Jul19

JUL19

JUL20

JUL21

% change Jul21 over Jul20

% change Jul21 over Jul19

JUL19

JUL20

JUL21

% change Jul21 over Jul20

% change Jul21 over Jul19

Exports

26.23

23.78

35.17

47.91

34.06

22.75

22.0

29.57

34.39

30.01

19.75

20.5

26.11

27.36

32.25

Imports

40.43

29.11

46.4

59.38

14.75

30.68

22.57

33.5

48.46

9.19

26.7

19.73

26.66

35.11

- 0.17

Deficit/Surplus

14.2

5.33

11.23

110.56

- 20.92



7.93

0.57

3.93

589.47

-50.44

6.95

-0.77

0.55

-171.43

-92.09




























Change by top Commodity Groups in Export Value in USD Million






Top Increase

Top Decline



Commodity group

Change (USD Million)

% change

Commodity group

Change (USD Million)

% change

EXPORT (JUL’21 OVER JUL’20)

PETROLEUM PRODUCTS

3823.72

215.68

MEAT, DAIRY AND POULTRY PRODUCTS

-120.48

-31.97



ENGINEERING GOODS

2822.26

42.14

RICE

-60.01

-7.85

GEMS AND JEWELLERY

1957.79

130.44

OIL SEEDS

-48.25

-38.65

EXPORT (JUL ’20 OVER JUL’19)

ENGINEERING GOODS

558.25

9.09

PETROLEUM PRODUCTS

-1713.86

-49.15

DRUGS AND PHARMACEUTICALS

335.98

19.51

GEMS AND JEWELLERY

-1500.30

-49.99

RICE

250.15

48.64

RMG OF ALL TEXTILES

-301.23

-22.07

EXPORT (JUL ’21 OVER JUL’19)

ENGINEERING GOODS

3380.50

55.07

SPICES

-79.76

-19.07

PETROLEUM PRODUCTS

2109.86

60.51

LEATHER AND LEATEHR MANUFACTURERS

-68.06

-14.93

ORGANIC AND INORGANIC CHEMICALS

562.53

30.22

MEAT, DAIRY AND POULTRY PRODUCTS

-52.13

-16.90




Change by top Commodity Groups in Import Value in USD Million






Top Increase

Top Decline



Commodity group

Change (USD Million)

% change

Commodity group

Change (USD Million)

% change

IMPORT (JUL’21 OVER JUL’20)



Petroleum, Crude & products

6351.22

97.06

Transport equipment

-202.05

-16.08

Gold

2418.99

135.56

Project goods

-154.49

-78.63

Pearls, precious & Semi-precious stones

1687.24

179.32

Silver

-98.26

-89.16

IMPORT (JUL’20 OVER JUL’19)



Vegetable Oil

231.69

26.66

Petroleum, Crude & products

-3205.25

-32.88

Medcnl. & Pharmaceutical products

126.14

20.82

Coal, Coke & Briquettes, etc.

-1097.52

-53.56

Project goods

87.28

79.91

Machinery, electrical & non-electrical

-1050.66

-32.89

IMPORT (JUL’21 OVER JUL’19)



Petroleum, Crude & products

3145.97

32.27

Transport equipment

-1025.98

-49.32

Gold

2490.40

145.38

Silver

-512.86

-97.72

Pearls, precious & Semi-precious stones

886.72

50.92

Machinery, electrical & non-electrical

-373.91

-11.70
One thing to note is that ,these growth are not just rebound growth , as china is out of lockdown for long ,so it's not the reason that they have been not able to complete order .

It's basically our own growth , many companies are reoriented now and many will follow the lead , export will rise from now on .
 

sorcerer

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One thing to note is that ,these growth are not just rebound growth , as china is out of lockdown for long ,so it's not the reason that they have been not able to complete order .

It's basically our own growth , many companies are reoriented now and many will follow the lead , export will rise from now on .
Exactly...thats the point many fail to capture.
 

sorcerer

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Parliament passes landmark ‘Inland Vessels Bill, 2021’ to repeal and replace the existing Inland Vessels Act, 1917


Posted On: 02 AUG 2021 6:28PM by PIB Delhi



Parliament today passed the Inland Vessels Bill, 2021, which aims to replace over 100 years old Inland Vessels Act, 1917 (1 of 1917) and usher a new era in the inland water transport sector and also to fulfil the vision of the Prime Minister, Shri Narendra Modi, to make the Legislative framework user friendly and promote ease of doing business. Shri Sarbananda Sonowal, Minister of Ports, Shipping and Waterways moved the bill in Rajya Sabha today. Now the bill will be sent for the assent of President of India.


Union Minister of Ports, Shipping and Waterways, Shri Sarbananda Sonowal said that the initiative taken is a part of the pro-active approach adopted by the Ministry by repealing colonial laws and replacing them with legislation catering to modern and contemporary needs and development of the maritime sector. Shri Sarbananda Sonowal, also added that the uniform applicability of rules and regulations will ensure seamless, safe and economical trade and transportation by inland vessels using the inland waterways.


Background:


Shri Sonowal informed that to realise the potential of inland water transport and promote it as a supplementary and eco-friendly mode of transport to the congested road and rail network for movement of cargo and passenger, the Government had taken several initiatives and had declared 111 waterways as national waterways.


The Inland Vessels Act of 1917 was conceived to be a pure consolidating legislation having limited applicability and purposes. This Act had undergone several amendments and last major amendments done in 1977 and 2007.This Act had provisions forrestrictive movement of mechanically propelled vessels within the jurisdiction of the State Government, requirement of endorsements, limited applicability and validity of certificates, non- uniform standards and regulations that varied from one State to another led to hindrances and hurdles in seamless navigation across States and development of the sector.


The Minister emphasized that the requirement of a new legal regime, which is adaptive and favourable for future technological developments, capable of facilitating present and future prospects of trade & transportation and safe navigation by inland vessels was necessitated.


Benefits:


The new Act will facilitate harmonised and effective regulation of the inland vessels and their seamless and safe navigation across the States. The benefits include:


I. Uniform applicability of rules and regulations to ensure seamless, safe and economical trade and transportation by using inland waterways.


II. Prescribing of standards for classification and categorization of mechanically propelled vessels, standards and processes involved in registration of vessel; standards for identification and categorization of special category vessels etc. by the Central Government and implementation of the provisions in compliance with the prescribed standards by State Governments.


III. Preserving the statuses of authorities established by the respective State Governments and thereby ensures the effective administration of the provisions of the proposed legislation.


IV. Provides for a Central Data Base /E-Portal for registration/crew database thereby imbibing the spirit of Digital India Campaign.


V. Stipulating higher standards to ensure safety of navigation, protection of life and cargo, prevention of environmental pollution, providing for healthier trade practices, constitution of the welfare fund, transparency and accountability of administrative mechanism, training and development of efficient and skilled workforce.


VI. Covers the future developments and technological advancements in vessel construction and usage. Regulating the technologically advanced vessels of the present and future identified as ‘Special Category Vessels’.


VII. Provisions regarding Wreck and Salvage introduced. Receiver of Wreck to be appointed by the State Government.


VIII. Provisions regarding principles of liability and limitation of liability introduced. To ensure secure trade and trade practices, concept of insurance improvised and expanded.


IX. Provisions relating to casualties and investigation improvised.


X. Ease of compliance for service provider and service users.


XI. Provides a platform for the State Governments to regulate the unregulated sector of non-mechanically propelled vessels.

==========================================
I suppose we have a thread repository for parliament bills and amendments.
Will work as a good academic resource
 

another_armchair

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Chandragupt Maurya

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Parliament passes landmark ‘Inland Vessels Bill, 2021’ to repeal and replace the existing Inland Vessels Act, 1917


Posted On: 02 AUG 2021 6:28PM by PIB Delhi



Parliament today passed the Inland Vessels Bill, 2021, which aims to replace over 100 years old Inland Vessels Act, 1917 (1 of 1917) and usher a new era in the inland water transport sector and also to fulfil the vision of the Prime Minister, Shri Narendra Modi, to make the Legislative framework user friendly and promote ease of doing business. Shri Sarbananda Sonowal, Minister of Ports, Shipping and Waterways moved the bill in Rajya Sabha today. Now the bill will be sent for the assent of President of India.


Union Minister of Ports, Shipping and Waterways, Shri Sarbananda Sonowal said that the initiative taken is a part of the pro-active approach adopted by the Ministry by repealing colonial laws and replacing them with legislation catering to modern and contemporary needs and development of the maritime sector. Shri Sarbananda Sonowal, also added that the uniform applicability of rules and regulations will ensure seamless, safe and economical trade and transportation by inland vessels using the inland waterways.


Background:


Shri Sonowal informed that to realise the potential of inland water transport and promote it as a supplementary and eco-friendly mode of transport to the congested road and rail network for movement of cargo and passenger, the Government had taken several initiatives and had declared 111 waterways as national waterways.


The Inland Vessels Act of 1917 was conceived to be a pure consolidating legislation having limited applicability and purposes. This Act had undergone several amendments and last major amendments done in 1977 and 2007.This Act had provisions forrestrictive movement of mechanically propelled vessels within the jurisdiction of the State Government, requirement of endorsements, limited applicability and validity of certificates, non- uniform standards and regulations that varied from one State to another led to hindrances and hurdles in seamless navigation across States and development of the sector.


The Minister emphasized that the requirement of a new legal regime, which is adaptive and favourable for future technological developments, capable of facilitating present and future prospects of trade & transportation and safe navigation by inland vessels was necessitated.


Benefits:


The new Act will facilitate harmonised and effective regulation of the inland vessels and their seamless and safe navigation across the States. The benefits include:


I. Uniform applicability of rules and regulations to ensure seamless, safe and economical trade and transportation by using inland waterways.


II. Prescribing of standards for classification and categorization of mechanically propelled vessels, standards and processes involved in registration of vessel; standards for identification and categorization of special category vessels etc. by the Central Government and implementation of the provisions in compliance with the prescribed standards by State Governments.


III. Preserving the statuses of authorities established by the respective State Governments and thereby ensures the effective administration of the provisions of the proposed legislation.


IV. Provides for a Central Data Base /E-Portal for registration/crew database thereby imbibing the spirit of Digital India Campaign.


V. Stipulating higher standards to ensure safety of navigation, protection of life and cargo, prevention of environmental pollution, providing for healthier trade practices, constitution of the welfare fund, transparency and accountability of administrative mechanism, training and development of efficient and skilled workforce.


VI. Covers the future developments and technological advancements in vessel construction and usage. Regulating the technologically advanced vessels of the present and future identified as ‘Special Category Vessels’.


VII. Provisions regarding Wreck and Salvage introduced. Receiver of Wreck to be appointed by the State Government.


VIII. Provisions regarding principles of liability and limitation of liability introduced. To ensure secure trade and trade practices, concept of insurance improvised and expanded.


IX. Provisions relating to casualties and investigation improvised.


X. Ease of compliance for service provider and service users.


XI. Provides a platform for the State Governments to regulate the unregulated sector of non-mechanically propelled vessels.

==========================================
I suppose we have a thread repository for parliament bills and amendments.
Will work as a good academic resource
I hear that there is a law in India which prohibits the growth of industries along waterways that law needs to be amended
 

sorcerer

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For first time, Dragon Fruit grown by farmers of Gujarat & West Bengal exported to London, United Kingdom & Kingdom of Bahrain

APEDA is making efforts to export Dragon fruit to other European countries to get better price realisation to the farmers of their produce

PM congratulated farmers of Kutch for the cultivation of fruit for ensuring India’s self-sufficiency in the productionin ‘Mann Ki Baat’ programme in July, 2020 on All India Radio

PM’s dream has come true when the fruit is being exported to the UK and Kingdom of Bahrain


Posted On: 03 AUG 2021 5:20PM by PIB Delhi



In a major boost to exports of exotic fruit, consignments of fiber& mineral rich ‘dragon fruit’, which are sourced from farmers of Gujarat & West Bengal, have been exported for the first time to London, United Kingdom & Kingdom of Bahrain. In India, dragon fruit is also referred to as Kamalam.


The consignment of exotic fruit exported to London was sourced from farmers of Kutch region and exported by APEDA registered packhouse in Bharuch, Gujarat, while the consignment of ‘dragon fruit’ exported to Kingdom of Bahrain was sourced from the farmers of West Midnapore (West Bengal) and exported by APEDA registered enterprises, Kolkata.





Earlier in June 2021, a consignment of ‘dragon fruit’ that was sourced from the farmers of Tadasar village, Sangli district, Maharashtra was exported to Dubai by APEDA recognized exporter.


Production of ‘dragon fruit’ commenced in India in early 1990s and it was grown as home gardens. Due to high export value, the exotic ‘dragon fruit’ has become increasingly popular in recent years in the country and it has been taken up for cultivation by farmers in different states. There are three main varieties of dragon fruit: white flesh with pink skin, red flesh with pink skin, and white flesh with yellow skin. However, the red and white flesh is typically being relished by the consumers.


At present, dragon fruit is grown mostly in Karnataka, Kerala, Tamil Nadu, Maharashtra, Gujarat, Odisha, Andhra Pradesh, and Andaman and Nicobar Islands. West Bengal is new to taking up cultivation of this exotic fruit.


Scientifically referred to as Hylocereusundatus, the ‘dragon fruit’ is grown in countries such as Malaysia, Thailand, the Philippines, the USA and Vietnam and these countries are the major competitors for Indian Dragon Fruit.


The cultivation of dragon fruit requires less water and can be grown in various kinds of soils. The fruit contains fiber, vitamins, minerals, and antioxidants. It can help in repairing the cell damage caused by oxidative stress and reduce inflammation, and also improve the digestive system. Since the fruit has spikes and petals resembling lotus, it is referred to as ‘Kamalam’.


Prime Minister Shri Narendra Modi in ‘Mann Ki Baat’ programme in July, 2020 on All India Radio had mentioned about the dragon fruit farming in the arid Kutch region of Gujarat. He had congratulated the farmers of Kutch for the cultivation of fruit for ensuring India’s self-sufficiency in the production. His dream has come true when the fruit is being exported to the UK and Kingdom of Bahrain.


APEDA is making efforts to export it to other European countries to get better price realisation to the farmers of their produce.


APEDA promotes exports of agricultural & processed food products by providing assistance to the exporters under various components such as Infrastructure Development, Quality Development and Market Development. Apart from this the Department of Commerce also supports exports through various schemes like Trade Infrastructure for Export Scheme, Market Access Initiative etc.
 

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
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Which law is that exactly? There are already industries supplied by waterways in Goa, Kerala & Maharastra.
Ya'll Nibbiars In goa you will find barges transporting Coal and other resources. But if bihar State Government is incompetent then what the GOI can do.
 

Haldilal

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Ya'll Nibbiars do I need to say any further than this.

 

FalconSlayers

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Lonewolf

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no smoking

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For eg ,india had 25 billion transaction as mostly transaction are done by normal people , and some part is government , but china has 15 billion transaction ,even though they were first one in this game among us
15 billion transaction?
What is the definition of real time transaction? Is the payment through mobile counted?
In 2019, there was 1.58 billions mobile subscription in China

1628045844766.png


Considering there were people having 2 or 3 phones, so let's take 70% of this number, then taking out those old people and children (40%), so we should have 0.66 B active mobile users who have money to buy though mobile. Then average usage is 22.7 per phone for whole year, in other words, less than 2 times per month. This can't be true.

Now we take a look of Chinese figure of mobile payments in 2020: 123.2 billion transactions, total amount 432.16 trillion RMB. The link is below:

央行:2020年支付体系运行总体情况-移动支付网 (mpaypass.com.cn)
 

Chandragupt Maurya

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@IndianYonko @sauntheninja
Patna-Kolkata Expressway is approved by Bihar State Government once the Purwanchal expressway is extended till Patna, Delhi will get directly connected with Kolkata (via Patna) with several expressways
It will also benifit Nepal as Raxaul Haldia expressway is already finalized under bharatmala
 
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