Indian Economy: News and Discussion

Haldilal

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Ya'll Nibbiars

The Large non-performing assets NPAs of 22 companies, including Videocon Oil Ventures, Amtek Auto, Reliance Naval, and Lavasa Corporation, are set to be sold to National Asset Reconstruction Company NARCL in the first tranche, banking sources said. And These Companies were earlier referred to the National Company Law Tribunal (NCLT) for debt resolution under the Insolvency and Bankruptcy Code, 2016. As there has been significant delay in resolving these accounts due to prolonged litigation, the lenders are planning to sell them to NARCL set up recently by banks to aggregate and consolidate stressed assets for their subsequent resolution. Banks will transfer up to Rs 90,000 crore of debt in the first tranche to NARCL.

The State Bank of India is planning to sell Videocon Oil Ventures’ bad loans of Rs 22,532 crore, while Union Bank of India intends to do the same with the Rs 9,000-crore exposure to Amtek Auto. Reliance Naval and Engineering’s loans of Rs 8,934 crore are being sold by IDBI Bank. Union Bank of India, on the other hand, is transferring the debt of Rs 1,400 crore of Lavasa Corporation, a hill city near Pune, to NARCL.
 

ezsasa

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Ya'll Nibbiars

The Large non-performing assets NPAs of 22 companies, including Videocon Oil Ventures, Amtek Auto, Reliance Naval, and Lavasa Corporation, are set to be sold to National Asset Reconstruction Company NARCL in the first tranche, banking sources said. And These Companies were earlier referred to the National Company Law Tribunal (NCLT) for debt resolution under the Insolvency and Bankruptcy Code, 2016. As there has been significant delay in resolving these accounts due to prolonged litigation, the lenders are planning to sell them to NARCL set up recently by banks to aggregate and consolidate stressed assets for their subsequent resolution. Banks will transfer up to Rs 90,000 crore of debt in the first tranche to NARCL.

The State Bank of India is planning to sell Videocon Oil Ventures’ bad loans of Rs 22,532 crore, while Union Bank of India intends to do the same with the Rs 9,000-crore exposure to Amtek Auto. Reliance Naval and Engineering’s loans of Rs 8,934 crore are being sold by IDBI Bank. Union Bank of India, on the other hand, is transferring the debt of Rs 1,400 crore of Lavasa Corporation, a hill city near Pune, to NARCL.
are people still living in Lavasa?
 

jadoogar

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That is a very large parcel of land for a 2 wheeler manufacturer. Probably the land is worth more than the capital that they are supposedly putting in. And I bet that they are getting the land for a nominal amount.

With "test track" !?! - sheesh - for a 2 wheeler....

Looking at google maps satellite - Dharmapuri appears to be surrounded by Ag land. So it looks like usurpation off farm(er)-land by the politically connected. Nothing new...
 

Mikesingh

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Apart from the above, DRAL, (Dassault-Reliance Aerospace Ltd) manufacturing facility in Dhirubhai Ambani Technology Park, located in the Mihan SEZ adjoining Nagpur International Airport is under a Joint Venture (51% Reliance Infrastructure and 49% Dassault Aviation). The facility is manufacturing several components like nose cones, undercarriage etc for the Dassault Falcon 2000 series business jets as the offset obligation connected to the purchase of 36 Rafale Fighters.

This facility is part of Dassault's Global Supply Chain. It has spawned an organic ecosystem of over 200 MSME’s to secure the component and avionics manufacturing needs of Rafale and Falcon Jets.
 
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FalconSlayers

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Central Government will invest ₹1,000 crore in North East India for rubber plantation on 2,00,000 hectare land.

 

ezsasa

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Around 10B USD. But we've been listening to these numbers for sometime now. Let's wait to see some actual rollout first
No that long. Govt policy discussions started in dec 2020, 10 b$ amount announced last month.
babus initially thought(as per budget announcement) .5 billion $ is good incentive, now it's 10 billion $ after discussion with the market.
 

sauntheninja

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No that long. Govt policy discussions started in dec 2020, 10 b$ amount announced last month.
babus initially thought(as per budget announcement) .5 billion $ is good incentive, now it's 10 billion $ after discussion with the market.
So if tata goes ahead with the semiconductor facility they are building will they get some of this money or atleast a subsidy from our government?
 

Concard

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So if tata goes ahead with the semiconductor facility they are building will they get some of this money or atleast a subsidy from our government?
They are not building a fab. Their investment is tiny $300 million. It is most likely some assembly plant. If you want a mature node 14nm fab then the investment required is something in the range of $25 billion for India given that we have no ecosystem. If we want 3nm then it will be $40-50 billion. Personally, I think since we have nothing in India with respect to chip manufacturing, we should settle for 12nm or 14nm mature node. Today's chip shortage is not caused by chips made on advanced node like 3nm or 5nm. It is caused by chips made on 45nm and 65nm node mainly FPGA's, Microcontrollers, and other specialized chips. Global foundries makes chips at 12nm node and their order books are full until 2022. Even Germany opened a fab in Dresden recently which by the way is 65nm node.

Once we have something going at 12nm or 14nm node, then we can pour enough money to upgrade ourselves to 2nm node. This will have us covered for 25 years. It is highly unlikely transistor size continues to shrink since we are reaching the limits of how small we can go after which weird things like Quantum tunneling comes into effect. Google already has published a paper with respect to problems in CPU's which are made on advanced nodes like 7nm. IBM has showed 2nm chips made in their research lab. So I think for now, our short term goal should be 12nm or 14nm. And long term goal should be 2nm.
 

Roshan

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The idea of "progress" in atheist terms is itself childish and delusional, "prosperity" as high as the standards of any atheist are is simply not sustainable long term. The modern first world life has lasted around 20 years and it's already collapsing, "religion being backwards and dogmatic" is not a problem at all, the only thing a nation should really worry are females giving birth, managing the household and families and males being good soldiers and a good religion clearly is more efficient at that.

As for your religion being the cause of retardation and evil in society, 97% or something of your school shooters are atheists. Atheists lead the world in the worst statistics like suicide, depression, drug abuse etc.

View attachment 123374

The first world is already showing signs of collapse by 2030, muh science muh wealth is worth nothing when your entire population is morbidly obese third sector working NPCs with a pathological fear of violence because they will all lose to people who aren't morbidly obese third sector working NPCs with a pathological fear of violence.

And how exactly has the destruction of religious values and allowing globohomo LGTV degenerate nonsense benefited or uplifted the West?

The global paradigm is dying, because of the collapsing globohomo American empire, secularism will only become more and more irrelevant. Talibs will raise millions in a generation of Islamized boys and girls, that the males should do jihad and the girls reproduce to make more mujahidin. They can do that in such an isolated place. While the Kuffar's children are being bred as cucks, whores and trannies and their birthrate dying out, Islam and the third world migrants will replace America and Europe. How exactly does their liberal secular atheism help them?

View attachment 123375

All your secular first world Empires have peaked. Neolib secularism brough atheism, consequently Germdogs don't even have kids anymore because of feminism and ultra-capitalism which is a result of secularism.

It's extremely funny how modern liberal secular degenerates seem to think that religion is this big evil chain that holds back and imprisons people while their entire life is nothing but being chained to do the bidding of globalist ultra-rich oligarchs.

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How exactly would allowing radical globohomo LGTV behavior help our society or make it greater? Which society has it helped anyway?

America?

>Wages haven't risen relative to inflation for 97.5% of people since 1970
>Education 1000x as expensive
>Vehicles 300x as expensive
>Health care 3500x as expensive
>Homes fucking 10000x as expensive
>Lower paying jobs require more qualifications than ever before
>Visa and Mastercard run a digital money duopoly that can instantly shut down any business
>If you try to interact with anyone your communication is kept forever and will be used to harm you a decade or more later
>American society is a debt trap that keeps 97% of the population as indentured servants to international corporations owned by a handful of families
>When the US falls so will fall the last western nation with free speech
>Every major corporation secretly spies on you for the governments warrantless searches
>The CIA got away with murdering JFK
>They buried Vault 7 and PRISM stories and no one cared
>Child slavery rings are run by the wealthy and heads of state and everyone in power
>White Americans are a hated minority in their own country

America is a literal example of the Cantillon effect.

View attachment 123380

View attachment 123381

The Cantillon effect is when they print money and the criminal class gets to use it first.

Criminal class: Buys/invests in housing with new money not depreciated by inflation.

You: Struggle to afford basic housing with inflated money and depressed wages.

It was under religion and traditional cultural values that America was progressing. It is under Globohomo degeneracy and atheist liberalism that it is at the present juncture.

View attachment 123383
Spot on. The binary and comparison is a false one anyway. These countries' the humanist rhesus monkeys come to hold as the de facto touchstone of progress made it when they weren't the godless globohomo shitholes that they are today. He doesn't get even that detail right, never mind that many of the scientists in India are quite religious.

All that guy ever does every now and then is repeat the same stale libtard talking points shorn of any nuance to make it look like he's a 'realist', as is the par for the deracinated lot.


A symptom of this which was pointed out by @ezsasa quite eloquently.
 
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