Indian Economy: News and Discussion

sauntheninja

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Are we still operating flights to Southern Africa? this new variant shouldn't be allowed to enter our country
 

Physx32

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More EV will require more electricity for charging, for that we will need to increase our electricity generation and transmission capacity which would ultimately require us to upgrade our electric grid.

Then the second question is how we are going to significantly increase our electricity generation capacity? And please don't say wind and solar.
I made a rough calculation some time back, we'll need to increase our energy output by 15-18% if all vehicles are EV. Not a big deal for us. The practical problem would be charging those EVs. Land is scarce in our cities and EVs need at least 30 min for adequate charging, so existing pumps won't work here. We'll have to install chargers at all parking areas.
 

Physx32

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Maybe but today hydrogen is not viable while EVs are becoming mainstream.
In future, we should have abundant sources of electricity (renewables and fusion). In that case Hydrogen EVs will work. Also heavy batteries are not suitable for trucks, so we'll need to make hydrogen EV trucks anyways.
 

Haldilal

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The The Indian software giant has entered into a strategic partnership with the global mining and metals company South32, to enhance its IT operating model and provide application and infrastructure services critical to its global operations, strengthening its operational resilience and business agility.
 

ezsasa

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More EV will require more electricity for charging, for that we will need to increase our electricity generation and transmission capacity which would ultimately require us to upgrade our electric grid.

Then the second question is how we are going to significantly increase our electricity generation capacity? And please don't say wind and solar.
Grid upgrade program has been going on for years, and had increased during Modi era. you can check power ministry website.


India installed power capacity is 388 Gwh . peak demand in summer is around 196 Gwh so far, rest of the year it is around 175 Gwh. there is space to supply for increased consumption.

caveat is that with solar in the energy mix, a bit of unpredictability in supply will be there. it’s not like coal or nuclear.
 

Haldilal

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Ya'll Nibbiars The The HDFC largest mortgage lender in the country will raise upto Rs 10,000 crore to grow its long-term capital, by issuing bonds on a private placement basis.
 

Haldilal

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Ya'll Nibbiars The JDW iron and steel mills companys is found to have evaded taxes worth Rs 265 crore by the Mumbai GST zone. Additionally, the company’s wholly-owned subsidiary, Piombino Steel has repaid its entire loan availed for acquiring Bhushan Power and Steel.
 

SimplyIndian

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everyone should invest in stocks and crypto but only after learning technical analysis and practicing it on a demo account because trade isnt as easy as job
long term investment is better and requires less work
Peeps get job after 16 yrs of education or say at least 3 or 4 yrs of professional education with very less salary.

But same person wants to make money from trading from day 1.
Now you can figure out why
95% loses their money
4% go back home with 0 profits
Only top 0.99 percentage make some decent money
.01 make big money consistently
 
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doreamon

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Are we still operating flights to Southern Africa? this new variant shouldn't be allowed to enter our country
It ll enter one way or other . we ll have to manage it without nation wide lock down like previous wave .
 

SimplyIndian

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I made a rough calculation some time back, we'll need to increase our energy output by 15-18% if all vehicles are EV. Not a big deal for us. The practical problem would be charging those EVs. Land is scarce in our cities and EVs need at least 30 min for adequate charging, so existing pumps won't work here. We'll have to install chargers at all parking areas.
IMO EV with solar is future. India is blessed with bhagwan surya narayan. When we park our wheeler in open, just take out solar attachment and cover the seat of 2 wheel or roof of car. ( definitely automatic button and folding panel for this).

This will revolutionary mark my word, this fusion is coming.

Enhancements
1. Car with permanent roof made of photo cell.
2. 2 wheeler with roof having photo cell.
 

SimplyIndian

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everyone should invest in stocks and crypto but only after learning technical analysis and practicing it on a demo account because trade isnt as easy as job
long term investment is better and requires less work
Until anyone know how to make money in both the direction of market, do not trade.

Investment is bigger discussion.
 

Physx32

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solar is future
Only as a supplementary source of energy. Our base loads will still be powered by thermal plants and by Thorium reactors in future. Infact installing solar plants will actually require us installing more gas turbine plants, leading to more fuel import. To curb pollution and climate change, nuclear reactors are our only option.
When we park our wheeler in open, just take out solar attachment and cover the seat of 2 wheel or roof of car
A Nexon EV parked under peak 12 noon sunlight will take about 50 hrs (of sunlight) to charge completely. Completely impractical and would add to the weight of the car reducing range. The best solution is to add chargers at every parking location (like office, mall garages).
 

Crazywithmath

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Digital currency is already happening through UPI. Why crypto than? Fellas just buying crypto hoping that the giv will dump the INR and link our economy with crypto.

What is even the base for these coins
No, UPI has nothing to do with digital currency. Wherever the transaction may take place, be it offline or online, there are always some currency notes backing it. In case of UPI, net banking etc it might seem to be 'cashless' but currency notes always back them. There is no transaction happening in India right now without the backing of physical currency with sovereign guarantee attached to it.

===========
This is where digital currency comes into play. There will be no physical currency notes backing a transaction made using digital currency.

reserve bank of india introducing its own cryptocurrency would be interesting it means indian banks will start accepting crypto
It is a digital currency; not crypto. No meaningful economy is going to tolerate the resulting uncertainty w.r.t. large scale adoption of cryptos. They will not give up on their absolute monopoly on the respective reserve currencies either. So despite all hue and cry, crypto will NOT replace fiat currency.
 
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Tshering22

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indus

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IMO EV with solar is future. India is blessed with bhagwan surya narayan. When we park our wheeler in open, just take out solar attachment and cover the seat of 2 wheel or roof of car. ( definitely automatic button and folding panel for this).

This will revolutionary mark my word, this fusion is coming.

Enhancements
1. Car with permanent roof made of photo cell.
2. 2 wheeler with roof having photo cell.
Roof of 2 wheeler is the head of the rider.
 

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