Indian Economy: News and Discussion

gajapati

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Solar Power projects actually needs big storage units for use in later part of the day. We need to work on the big efficient battery packs like Tesla Battery Storage units.
Many nations are now storing the Solar power in these units and using them for later part of day when sun is not available.
Solar power plants will be useless only unless we have such big storage plants.
Out of 3 billion 1 billion ll be storage project .. They are planning to have 100gwh storage capacity in different location of india .
 

another_armchair

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This is a dated article and the storage landscape has changed quite a bit since it was published, still a good source for the sake of reference.

 

RedPhantom

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Solar Power projects actually needs big storage units for use in later part of the day. We need to work on the big efficient battery packs like Tesla Battery Storage units.
Many nations are now storing the Solar power in these units and using them for later part of day when sun is not available.
Solar power plants will be useless only unless we have such big storage plants.
Storage of electricity in the form of batteries is not efficient, especially for such a large scale. Although batteries can convert most of the energy stored in them back to electricity, the high cost of the battery packs, cooling requirement, land requirement, etc make it impractical for anything more than locality level electricity storage. For dams like these, and even for many solar-only plants, pumped water storage is used, which while can convert around 60% of the stored energy back to electricity, is much cheaper and maintenance free.
Since pumped water storage has a 40% loss rate, research is being done on other alternatives like compressed air storage, etc. This video from practical engineering shows why pumped storage is used for such applications.
 

charlie

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BEML bags order from Coal India for 20 Cu.M Electric Rope Shovel

BEML bags order from Coal India for 20 Cu.M Electric Rope Shovel

BEML Limited, a Government of India undertaking under the Ministry of Defence, has signed a prestigious contract with Coal India for supply of 20 Cu.M Electric Rope Shovel for deployment in the mines of Northern Coalfields. The contact is valued at ₹118 crore.

This 20 Cu.M Electric Rope Shovel is designed and developed indigenously by BEML under ‘Atmanirbhar Bharat’. This project would not only enable the country to achieve self-reliance in this class of product but also save huge outgoing foreign exchange.

Electric Rope Shovel is powered by an all-electric powertrain that will not leave any carbon footprints on the environment. In fact, the design of this green energy machine conforms to global standards for safety, operator comfort, and low maintenance. Its features include advanced IGBT-based AC drive, integrated with predictive maintenance, production monitoring system, safety red line lighting system for proximity to dumpers, and remote monitoring.
Electric shovels are the work horse of the mine, they are not as delicate as diesel shovel the only problem with electrical shovel is mobility and Cables and power plants are needed nearby to run these
 

DEV1729

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Dollar is strengthening against all currencies because of US fed rate hike. India has lost $47 billion in fx reserves since historically high $642 billion last year. Even China has lost a good ammount.

This will be extremely difficult year for countries with a small foreign exchange reserve pool and high import demands.

Because of COVID-19 and now western sanctions on Russia has created a situation where world can slide into a major global recession.
India used the forex reserves to serve shitlanka
 

Blademaster

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Ya'll Nibbiars Now Adani Group is the most debted Group in India with more than 6 Trillion Rupees of debt. Even Tata has group entire debt is less than 3,00,000 and working fast to reduce that's and RIL what to remain low debt for foreseeable future. This is what Daewoo done and when you go south you just. Taking a classic leaf out if the Daewoo and still not learning anything. And increasing debt from 3,50,000 crores to 6,00,000 just within one years is problematics.
Someone from the GoI needs to put the brakes on Adani's spending spree until it can show liquidity and cash flow to service its debts.
 

HitmanBlood

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India used the forex reserves to serve shitlanka
During period of economic uncertainty it's not a wise thing to do unnecessary charities. Since Sri Lanka has gone bankrupt, no country has come forward to help them. Even IMF has not shown any flexibility. The biggest reason is brewing economic problems of the world.

Our neighborhood is full of countries that are hooked on cheap loans and high spending habits. Sri Lanka, Pakistan, Nepal, Maldives and even Bangladesh is facing foreign exchange crisis. India can't help them all. Let's worry about our own problems.

There are rumours that US feds can increase intrest rate again this year. If that happens, pressure on other currencies will increase worldwide. Its time to save as much foreign exchange as possible.

2024 is election year in India. So BJP won't be able to introduce a tough budget in 23-24 period. This is why we will need a strong economy and a stable rupee before end of this financial year.
 

HitmanBlood

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From Ramta_jogii on twitter


Very funny isn't it? Similar IMF type Agency had put India at 101/116 in Global Hunger Index and raised "Alarm" only last year, saying Indians were dying from Hunger!

It may be a bad economy but India was able to feed free ration to around 800 million people for more than 16 months. Much More than the Population of entire Europe. Did you find BBC or CNN ever mentioning it.

India ranked 101 out of 116 in the Global Hunger Index (GHI) for 2021 from 94 in the previous year, trailing behind Pakistan, Bangladesh and Nepal.

We are ranked 101 out of 116 countries in Global Hunger Index! Yet IMF is requesting India to ensure Food security of other countries around the world now!

Just two examples now!

Cuba - Ranked 7 in in Global Hunger Index is getting helped by India with FOOD GRAINS supply today where India is ranked 101.

Srilanka - Ranked 65 in Global Hunger Index is getting helped by India with FOOD GRAINS supply today where India is ranked 101.

When will Indian public realise that the white people have been lauding Selective Anti India Celebrities and fooling us to extract maximum out of us? Applauding India for prioritising public investment in its annual budget, the International Monetary Fund has urged the country to prioritise food security and expand transfers to the vulnerable countries in the wake of the global economic crisis triggered by the war in Ukraine.
 

FalconSlayers

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From Ramta_jogii on twitter


Very funny isn't it? Similar IMF type Agency had put India at 101/116 in Global Hunger Index and raised "Alarm" only last year, saying Indians were dying from Hunger!

It may be a bad economy but India was able to feed free ration to around 800 million people for more than 16 months. Much More than the Population of entire Europe. Did you find BBC or CNN ever mentioning it.

India ranked 101 out of 116 in the Global Hunger Index (GHI) for 2021 from 94 in the previous year, trailing behind Pakistan, Bangladesh and Nepal.

We are ranked 101 out of 116 countries in Global Hunger Index! Yet IMF is requesting India to ensure Food security of other countries around the world now!

Just two examples now!

Cuba - Ranked 7 in in Global Hunger Index is getting helped by India with FOOD GRAINS supply today where India is ranked 101.

Srilanka - Ranked 65 in Global Hunger Index is getting helped by India with FOOD GRAINS supply today where India is ranked 101.

When will Indian public realise that the white people have been lauding Selective Anti India Celebrities and fooling us to extract maximum out of us? Applauding India for prioritising public investment in its annual budget, the International Monetary Fund has urged the country to prioritise food security and expand transfers to the vulnerable countries in the wake of the global economic crisis triggered by the war in Ukraine.
These surveys are done with their usual biases, they’ve made India the poster child for poverty in the 2000s and 2010s on mainstream and social media. India today may not be a developed country but it isn’t an LDC either. We shouldn’t give a single grain to these westoids who run BS like “charity concerts to arrange covid vaccines for Indians” even when India vaccinated entire population without a single donation from these westoids and they kept on begging for vaccines from India. They can shove their GHI in their rear posterior.
 

Haldilal

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Ya'll Nibbiars The Idea Forge is going the Invest 500 crore near Pune for new manufacturing facilities.
 
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DEV1729

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Economy can improve if india can have large number of high valued mathematicians and computer methodologists.India need to change its education from textbook based to problem solving based and prepare for olympiads and organize putnam type of competition so that our population instead of wasting time on watching urduwood movies or tv will be involved in problem solving and memoriad competitions.India need a large number of red coders and maths olympiad gold medal winners instead of iitans who are jack of all trades master of none.
 
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DEV1729

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The economic firefighter imf itself will go into debt because many nation will go into default because of ukraine war and pandemic.
 

The Saffron Knight

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Cabinet amends biofuels policy, advances ethanol blending target to 2025-26

The amendment is for advancing the target of blending 20 per cent ethanol in petrol (20 per cent ethanol, 80 per cent petrol) to 2025-26 from 2030. Currently, about 10 per cent of ethanol is blended in petrol.

The Cabinet also approved granting permission for export of biofuels in specific cases.
 

another_armchair

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Way Adani is piling on debt, I wonder if he has the means to pay his EMI's if business environment worsens all of a sudden.

Looks like he is pledging his inflated shares and piling on debt.. wonder how much is going into business and how much of it is going offshore. Some of his companies are beyond bubble territory... hope it ends on a happy note and banks n public don't get a free forced haircut again.
 

another_armchair

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Ye bhaisaab ka kuch alag he chal raha hai.....


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