Indian Economy: News and Discussion

[ezsasa]

@Haldilal what's the story being this company neolync? names of directors seem israeli .

 

[Haldilal]

@Haldilal what's the story being this company neolync? names of directors seem israeli .

Ya'll Nibbiars Initially funded by some some Israeli Fund.

 

[ladder]

Pragati OS should be expanded for feature phones, just like Kai OS.
If it stops just as a skin/overlay/ optimized version of Android, it will be disappointing.

 

[SKC]

Ya'll Nibbiars The Palais Royale is now near the Compleations. The Photograph three months old.

View attachment 115841

Yeh jhopad to hatao iske aage se.

 

[another_armchair]

Ya'll Nibbiars

Hey Macarena.

And Crude oil - 83.60 dollat per barrel.

Per litre - 35 rs 0.52.

As per current taxes - 75 rs on petrol & 65 rs on diesel.

And 63% goes to central & 37% to states per litres.

And 40.95 petrol & 47.25 diesel

Per day usage - 12bn Lt petrol, 27bn Lt diesel

And 49,127 thousand cr 2.5bn Dollars per day.

Nibba... where's the source?

2.5 billion dollars = Rs. 18,500 crores with USDINR at Rs. 74.

That would be USDB 2.5 * 30 days = USD 75 billion per month.

Rs. 18,500 * 30 days = Rs. 5,55,000 crores per month.

USD 75 billion per month in fuel cess alone would push our annual fuel cess to well over USD 600 billion. That's an insane amount of money. I think your numbers look way off if you look at the below data.

India fuel consumption picks up in June as lockdowns ease

India's auto fuel demand picked up in June as economic activity accelerated after the easing of pandemic-related lockdowns, preliminary sales data showed on Thursday.

www.reuters.com

I think Govt. is making about Rs. 1 lakh crore per month or a little more. Not 5.55 lakh crores a month.

 

[another_armchair]

Ya'll Nibbiars monthly. 50,000 crores.

Nope. Closer to 1 lakh crore in a lean month .. with current rates, should cross 1.1-1.2 lakh crore a month if consumption and prices hold.

 

[sauntheninja]

Pragati OS should be expanded for feature phones, just like Kai OS.
If it stops just as a skin/overlay/ optimized version of Android, it will be disappointing.

The os was being made in partnership with google right it probably will just be a reskin of android with slight tweaks which is a good thing for now because they need the play store

 

[another_armchair]

Ya'll Nibbiars I am talking about imports not the whole price band.

Isn't price at pump inclusive of all those taxes - Central and State taxes?

Nearly two-third of the price you pay for petrol goes to Centre and states

Data shows the central government is collecting more tax on petrol compared to state governments. On average, state governments collect Rs 20 on every litre of petrol, compared to the Centre’s levy of Rs 33 per litre

www.indiatoday.in

 

[Narsimha]

Isn't price at pump inclusive of all those taxes - Central and State taxes?

Nearly two-third of the price you pay for petrol goes to Centre and states

Data shows the central government is collecting more tax on petrol compared to state governments. On average, state governments collect Rs 20 on every litre of petrol, compared to the Centre’s levy of Rs 33 per litre

www.indiatoday.in

Yes. Also GST council had meeting few days back to bring tax regime for petrol under GST. So we can then expect prices to be reduced to 75rs per litre.

 

[Haldilal]

Nibba... where's the source?

2.5 billion dollars = Rs. 18,500 crores with USDINR at Rs. 74.

That would be USDB 2.5 * 30 days = USD 75 billion per month.

Rs. 18,500 * 30 days = Rs. 5,55,000 crores per month.

USD 75 billion per month in fuel cess alone would push our annual fuel cess to well over USD 600 billion. That's an insane amount of money. I think your numbers look way off if you look at the below data.

India fuel consumption picks up in June as lockdowns ease

India's auto fuel demand picked up in June as economic activity accelerated after the easing of pandemic-related lockdowns, preliminary sales data showed on Thursday.

www.reuters.com

View attachment 116096

I think Govt. is making about Rs. 1 lakh crore per month or a little more. Not 5.55 lakh crores a month.

Ya'll Nibbiars monthly. 50,000 crores.

Nope. Closer to 1 lakh crore in a lean month .. with current rates, should cross 1.1-1.2 lakh crore a month if consumption and prices hold.

Ya'll Nibbiars I am talking about imports not the whole price band.

Isn't price at pump inclusive of all those taxes - Central and State taxes?

Nearly two-third of the price you pay for petrol goes to Centre and states

Data shows the central government is collecting more tax on petrol compared to state governments. On average, state governments collect Rs 20 on every litre of petrol, compared to the Centre’s levy of Rs 33 per litre

www.indiatoday.in

Ya'll Nibbiars petrol pump kin kyon baat kar raha hai.

Yesterday Petrol 113 rupees.

Yes. Also GST council had meeting few days back to bring tax regime for petrol under GST. So we can then expect prices to be reduced to 75rs per litre.

Ya'll Nibbiars not happening.

Quoting your post - ye kya hai? Where are we getting 2.5 billion dollars per day from?

Ya'll Nibbiars miscalculations.

 

[another_armchair]

Quoting your post - ye kya hai? Where are we getting 2.5 billion dollars per day from?

How many crores (INR) is $1 billion if USDINR exchange rate is Rs. 75 to a USD?

$1 billion would be Rs. 7,500 crores.

$2.5 billion would be 7500*2.5 = Rs. 18,750 crores.

Rs. 49,127 crores kaise hua re.. mere ko samjha.

Ya'll Nibbiars

Hey Macarena.

And Crude oil - 83.60 dollat per barrel.

Per litre - 35 rs 0.52.

As per current taxes - 75 rs on petrol & 65 rs on diesel.

And 63% goes to central & 37% to states per litres.

And 40.95 petrol & 47.25 diesel

Per day usage - 12bn Lt petrol, 27bn Lt diesel

And 49,127 thousand cr 2.5bn Dollars per day.

 

[another_armchair]

Yes. Also GST council had meeting few days back to bring tax regime for petrol under GST. So we can then expect prices to be reduced to 75rs per litre.

Don't think I will see it in my lifetime.

 

[Suryavanshi]

Yeh jhopad to hatao iske aage se.

Wait for 100 year's only than u can break such buildings

 

[Haldilal]

Yeh jhopad to hatao iske aage se.

Wait for 100 year's only than u can break such buildings

Ya'll Nibbiars alreday being doing demolished.

 

[gslv markIII]

Ya'll Nibbiars alreday being doing demolished.

Y'all Nibbiars this location will look dope after completion of Haji Ali interchange.

 

[ezsasa]

Nibba... where's the source?

2.5 billion dollars = Rs. 18,500 crores with USDINR at Rs. 74.

That would be USDB 2.5 * 30 days = USD 75 billion per month.

Rs. 18,500 * 30 days = Rs. 5,55,000 crores per month.

USD 75 billion per month in fuel cess alone would push our annual fuel cess to well over USD 600 billion. That's an insane amount of money. I think your numbers look way off if you look at the below data.

India fuel consumption picks up in June as lockdowns ease

India's auto fuel demand picked up in June as economic activity accelerated after the easing of pandemic-related lockdowns, preliminary sales data showed on Thursday.

www.reuters.com

View attachment 116096

I think Govt. is making about Rs. 1 lakh crore per month or a little more. Not 5.55 lakh crores a month.

Total Union Budget is around 34 lakh crores for 21-22, of which revenue is 17 lakh crore.
obviously 12 lakh crore won't be coming from fuel alone.

As per latest government data, central excise duty collection has already touched Rs 1,37,236 crore till August in FY22. This is a growth of almost 37 per cent over Rs 1,00,398 crore excise revenue collected by the Centre in the first five months of FY21.

Tax experts said that if the current movement is maintained, which is likely, given the swift recovery being seen in the economy resulting also in a pick up in demand for petroleum products, Centre's excise revenue in FY22 would be over Rs 3,89,662 crore excise revenue in FY21.

Petroleum taxes to take govt's excise collections to high levels in FY22

As per data central excise duty collection has already touched Rs 1,37,236 crore till Aug in FY22 and this growth of almost 37 percent over Rs 1,00,398 crore excise revenue collected by Centre in FY21

www.business-standard.com

 

[Haldilal]

Total Union Budget is around 34 lakh crores for 21-22, of which revenue is 17 lakh crore.
obviously 12 lakh crore won't be coming from fuel alone.

View attachment 116107

Petroleum taxes to take govt's excise collections to high levels in FY22

As per data central excise duty collection has already touched Rs 1,37,236 crore till Aug in FY22 and this growth of almost 37 percent over Rs 1,00,398 crore excise revenue collected by Centre in FY21

www.business-standard.com

Ya'll Nibbiars ek conversion mistake ke liye itna pel rahe hoe.

 

[Covfefe]

Ya'll Nibbiars ek conversion mistake ke liye itna pel rahe hoe.

Ya'll Nibbiars Haldilal nibba always makes errors in numbers.

 

[Haldilal]

Ya'll Nibbiars Haldilal nibba always makes errors in numbers.

Ya'll Nibbiars not error in numbers but in conversion. Because I am not a convertor.

 

[sauntheninja]

Blog: Lucknow, Ahmedabad new IPL cities as RPSG group and CVC Capital spend over USD 1.6 billion

Get all your updates on the two new IPL franchises with ESPNcricinfo

www.espncricinfo.com