Indian Economy: News and Discussion

[Spindrift]

Isn't 3d printing extremely complex right ?
What can thz do ?

People are 3D printing guns in their basements with basic 3D printers..

 

[asaffronladoftherisingsun]

Modi govt's push for sugar-fueled cars to give tough time to global policymakers.

Bharat is pushing for more cars to run on ethanol made from sugar, a move that risks raising the cost of the sweetener globally.

The government will fast-track an ethanol program that will divert as much as 6 million tons of sugar toward fuel production annually by 2025, according to the food ministry. That’s almost the entire amount that Bharat , the world’s second-biggest producer after Brazil, currently exports to the global market.

Prime Minister Narendra Modi advanced in June a target for blending 20% ethanol in gasoline to 2025, five years earlier than planned. The advantages are multifold: it will reduce air pollution, cut Bharat’s oil import bills, help soak up a domestic sugar glut and increase investment in rural areas.

The government is offering financial support to sugar mills to set up or expand distilleries. Companies including Balrampur Chini Mills Ltd. will stop producing sugar at some mills and begin processing cane juice to make ethanol instead.

India will allow production of ethanol-based flex engines too, the Press Trust of India reported. Higher use of biofuels in transport can ease India’s economic burden from high crude prices and help the third-largest oil importer save usd 4 billion annually, according to government estimates.


See - https://www.bignewz.in/2021/08/06/m...s-may-give-tough-time-to-global-policymakers/

 

[sorcerer]

Six Indian Airports Will Use Facial-Recognition Technology To Ease Biometric Boarding System

Six Indian Airports Will Use Facial-Recognition Technology To Ease Biometric Boarding System

Implementation of facial recognition technology to facilitate biometric boarding systems will soon occur at six airports—Bengaluru, Hyderabad, Kolkata, Pune, Varanasi and Vijayawada, says Union Minister VK Singh.

swarajyamag.com

 

[iNorthernerOn9]

Forex reserves rose by record $9.42 billion in past week to $620.57 billion... highest ever increase in a single week... as per RBI

Forex reserves surge by $9.42 billion to all-time high of $620.57 billion

In the previous week ended July 23, the reserves had declined by $1.581 billion to $611.149 billion.

www.financialexpress.com

Apart from providing import cover & giving stability to currency exchange rate... what other purpose does forex reserves have?

As of now... Our forex reserves are 25 times that of Pakis.

 

[Haldilal]

Ya'll Nibbiars

Maharashtra govt will provide incentives to set up IT projects in tier-2, tier-3 cities: Minister - ET Telecom

Maharashtra has been at the forefront in the IT sector and the state government led by Chief Minister Uddhav Thackeray will ensure that it leads from the front, Patil said during the virtual conference.

telecom.economictimes.indiatimes.com

 

[Haldilal]

@Haldilal can government take money from your fd.

In scenario of a national emergency.

On 21 May 1971, Nagarwala called Malhotra at the State Bank of India, and did a vocal impression of Prime Minister Nagarwala claimed that the Prime Minister immediately needed ₹60 Lakhs. Some sources report that the money was needed for a secret mission to Bangladesh, while others report more simply that the money was requested for a man from Bangladesh. In his later confession, Nagarwala stated that he described it as a matter of great national importance. Nagarwala further told Malhotra that he should contact the Prime Minister's office at a later date to get a receipt. Malhotra agreed to get the money and later delivered it to Nagarwala who claimed to be a courier working for the Prime Minister in a taxi later that day.

 

[devx101]

Noida , Gurgaon and Ghaziabad are failure not success they were bound to fail as there was no robust rail , road , waterway connectivity with Mumbai and Kolkata port the eastern and western dedicated freight corridor or development of national waterway one is an attempt to make these towns successful
Compare it to Chinese SEZ like Shenzhen , Chendgu , Chongquing , Wuhan etc these are either along coastlines or along waterways and has robust rail , road inland waterway and air connectivity with ports

If Noida and Gurgaon are failures then God knows what success is! This two are the most happening cities in India. They have grown on their own from scratch. It may not look like Shenzen bcoz it is in the middle of development cycle. Lets wait 10 years then see what these two cities become. Gurgaon will likely grow till HR-RJ border as a single Urban cluster and additional new towns beside it. While Noida will be on a rampage with New Noida.

I find the model of Delhi NCR the best. It is much ahead of other cities in terms of urban growth, thanks to competition.

Both these cities are service oriented (+high end manufacturing) by the way so what will they do with Rail trns and waterways? Roads are enough even as of now. After DME it will be on cloud nine. The entire 1400Km will fire like anything...mark my words. Townships after Townships will spur across the DME.

 

[FalconSlayers]

If Noida and Gurgaon are failures then God knows what success is! This two are the most happening cities in India. They have grown on their own from scratch. It may not look like Shenzen bcoz it is in the middle of development cycle. Lets wait 10 years then see what these two cities become. Gurgaon will likely grow till HR-RJ border as a single Urban cluster and additional new towns beside it. While Noida will be on a rampage with New Noida.

I find the model of Delhi NCR the best. It is much ahead of other cities in terms of urban growth, thanks to competition.

Both these cities are service oriented (+high end manufacturing) by the way so what will they do with Rail trns and waterways? Roads are enough even as of now. After DME it will be on cloud nine. The entire 1400Km will fire like anything...mark my words. Townships after Townships will spur across the DME.

The High speed rail corridors will pass through both Gurugram and Noida which will cause a great economic boom which this will bring with itself.

 

[Chandragupt Maurya]

If Noida and Gurgaon are failures then God knows what success is! This two are the most happening cities in India. They have grown on their own from scratch. It may not look like Shenzen bcoz it is in the middle of development cycle. Lets wait 10 years then see what these two cities become. Gurgaon will likely grow till HR-RJ border as a single Urban cluster and additional new towns beside it. While Noida will be on a rampage with New Noida.

I find the model of Delhi NCR the best. It is much ahead of other cities in terms of urban growth, thanks to competition.

Both these cities are service oriented (+high end manufacturing) by the way so what will they do with Rail trns and waterways? Roads are enough even as of now. After DME it will be on cloud nine. The entire 1400Km will fire like anything...mark my words. Townships after Townships will spur across the DME.

Success looks like Shenzhen not like Noida and Gurgaon

 

[FalconSlayers]

Success looks like Shenzhen not like Noida and Gurgaon

How many cities are like shenzhen globally?

 

[sauntheninja]

Success looks like Shenzhen not like Noida and Gurgaon

No point comparing a centrally planned city with Indian cities our cities look like overgrown villages

 

[Haldilal]

Noida , Gurgaon and Ghaziabad are failure not success they were bound to fail as there was no robust rail , road , waterway connectivity with Mumbai and Kolkata port the eastern and western dedicated freight corridor or development of national waterway one is an attempt to make these towns successful
Compare it to Chinese SEZ like Shenzhen , Chendgu , Chongquing , Wuhan etc these are either along coastlines or along waterways and has robust rail , road inland waterway and air connectivity with ports

If Noida and Gurgaon are failures then God knows what success is! This two are the most happening cities in India. They have grown on their own from scratch. It may not look like Shenzen bcoz it is in the middle of development cycle. Lets wait 10 years then see what these two cities become. Gurgaon will likely grow till HR-RJ border as a single Urban cluster and additional new towns beside it. While Noida will be on a rampage with New Noida.

I find the model of Delhi NCR the best. It is much ahead of other cities in terms of urban growth, thanks to competition.

Both these cities are service oriented (+high end manufacturing) by the way so what will they do with Rail trns and waterways? Roads are enough even as of now. After DME it will be on cloud nine. The entire 1400Km will fire like anything...mark my words. Townships after Townships will spur across the DME.

The High speed rail corridors will pass through both Gurugram and Noida which will cause a great economic boom which this will bring with itself.

No point comparing a centrally planned city with Indian cities our cities look like overgrown villages

Ya'll Nibbiars this is the Economy thread take your discussion to the urban planning thread.

 

[FalconSlayers]

Tata Advanced Systems to make Boeing 737 fan cowls; to supply 50% of total Boeing requirement from India - Times of India

India Business News: NEW DELHI: Tata Advanced Systems Ltd (TASL) will make the Boeing 737 fan cowl, at its Hyderabad facility in Hyderabad, and will supply half the monthl.

timesofindia.indiatimes.com

 

[FalconSlayers]

Kerala never fails to amuse me

 

[FalconSlayers]

Good podcast

 

[Haldilal]

Ya'll Nibbiars

Sebi's refund to Sahara investors inches up to Rs 129 crore

In its previous update, Sebi had put the total amount refunded by it as of March 31, 2020 at Rs 115.2 crore (concerning 15,140 applications). The number of disputed cases at that time was much higher at 229, while the count of closed cases was lower at 1,688.

economictimes.indiatimes.com

 

[Haldilal]

Ya'll Nibbiars and still SEBI is holding the 25,000 crores. Are if you can't trace the investors either return the money to the shara or put them in the treasury if the black money is confirmed. But in either will not happen and the money would but just put in the banks accounts.

 

[HariPrasad-1]

Indian firms plan to invest US$ 27 billion to boost refining capacity by 2025

IBEF: August 06, 2021


India's state refiners plan to invest Rs. 2 trillion (US$ 26.96 billion) by 2025 to increase oil refining capacity by 20% in Asia's third-largest economy, according to Mr. Rameswar Teli, Minister of State Ministry of Petroleum and Natural Gas.

India, the world's third-largest importer and consumer of oil, has a refining capacity of around 249 million tonnes per year, or around 5 million barrels per day (bpd). In a written response, Mr. Teli stated that refining capacity is scheduled to increase to 298 million tonnes per year by 2025.

"For refining cost reduction and product upgrading, the refining sector has been continuously modernized and improved with indigenous and foreign technologies," he said.

Indian Oil Corp, the country's largest refiner, said in its latest annual report that it plans to increase its annual oil refining capacity from 70.05 million tonnes to 87.55 million tonnes by 2024/25 to meet rising demand for petroleum products.

According to a report released earlier this year by the International Energy Agency, India will be the primary driver of rising energy demand over the next two decades, accounting for 25% of global growth and on track to overtake the European Union as the world's third-largest energy consumer by 2030.

By 2024/25, it will have virtually doubled its petrochemical capacity of 3.2 million tonnes per year by adding another 3.1 million tonnes.

EVs are coming in big ways. Do we need to invest such a big amount in refining now? Isn't it worth while to Invest in Methanol?

 

[FalconSlayers]

EVs are coming in big ways. Do we need to invest such a big amount in refining now? Isn't it worth while to Invest in Methanol?

It does not cater only vehicles, but plastics, polymers, aviation fuel etc.

 

[Chandragupt Maurya]

No point comparing a centrally planned city with Indian cities our cities look like overgrown villages

Varanasi and Sahibganj are more suited for industrial townships like Chongquing , Wuhan , Yichang , Nanjing etc