Indian Economy: News and Discussion

ezsasa

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If we want private players to step up exponentially for the country's needs, the govt needs to make their lives as easy as possible and make the rules sensible. One should look over ORF's report "Jailed for Doing Business" to see how far that is from the reality. The government has been the biggest impediment to growth, and they're unable/ unwilling to reform to the extent required.

Jailed for Doing Business: The 26,134 Imprisonment Clauses in India’s Business Laws | ORF (orfonline.org)
it's not the case that nothing has been done about legacy laws. people forget that modi is the first prime minister to say that being an industrialist or an entrepreneur is not a sin. as recently as last month, he told IAS officers to look for laws that need to be cancelled at any level local, state or centre.

it's a process, it takes time. if ORF has done a report, it's because Govt is asking for such data. ORF is a official partner of GoI after all.

just because news media doesn't report these things extensively, doesn't mean nothing is happening.

No govt can solve all problems one fine day, as with everything else they need to prioritise.

it's not like business folks are angels either. whatever needs to be done, let it be done on merits of the case.
 

another_armchair

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As of May 9, almost 10 million barrels of crude loading from Russia—including 970,000 barrels of Kazakhstan’s CPC Blend—have discharged in India this month, the report said. Another 16 vessels with 13 million barrels are currently indicating India as their destination and are expected to arrive within the next four weeks. This includes one cargo each of CPC Blend and Siberian Light and the rest comprising Urals.

Safe to assume out of 23 million barrels of crude, about ~19 million barrels are Ural crude?
 

Kumata

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1 lakh crore ka loss per year hoga government ko due to lowering excise duty on petrol diesel.

View attachment 156944
Notional loss..how can it be loss when it's not in their kitty...

Expect another indirect tax to back fill this... Govt never does anything which takes away even a single paisa in their coffers...

Purely a PR exercise... Imo they have already collected much more than hence this marketing thing that we are loosing 1 lakh crore... Goes onto show how much they milk the average mango man..
 

ezsasa

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Notional loss..how can it be loss when it's not in their kitty...

Expect another indirect tax to back fill this... Govt never does anything which takes away even a single paisa in their coffers...

Purely a PR exercise... Imo they have already collected much more than hence this marketing thing that we are loosing 1 lakh crore... Goes onto show how much they milk the average mango man..
last few pages are filled with posts of folks worried about household inflation, and now you say PR exercise. :troll:
 

another_armchair

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During the week, the gold reserves dropped by 1.17 billion compared to an uptick of $135 million in the preceding week.

The foreign currency assets fell at a slower pace by $ 1.3 billion versus nearly $2 billion reduction a week earlier.
 

Shuturmurg

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Kumata

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last few pages are filled with posts of folks worried about household inflation, and now you say PR exercise. :troll:
Well.. Point is different.. Cow is milched already and on the brink of collapse..this is just a exercise to shift the blame &. "we tried" to save . U decide if this is PR or not...


Why they even allowed the inflation in first place. I know fav bogey for everyone is global factors & Ukraine war but we need to look within ourselves..... We hardly source any oil on spot contract...
All r long contracts... And from Arab not Russia..

Fact is govt itself stoked inflation with easy credit... People were anyways dying to spend due to covid and get out... Now they suddenly feel the pinch & started crying... EMI, s still need to paid baba....

If they were so worried than they wud have controlled. That easy credit...

Fact is they have collected huge money in last few years when fuel. Prices were low... Now that coffers are over flowing... They r showing their large hearts...
 

Rxbanda

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I read somewhere that Russia is selling the oil at 75% of pre-war price. Can't recall the source though.
 

vishnugupt

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I read somewhere that Russia is selling the oil at 75% of pre-war price. Can't recall the source though.
Russia offered 70 dollars per barrel (-30%) but India asked 60 dollars (-40%) as there are difficulties at every level when we buy Russian oil.

Now Indian share increased to 10% from 1% of total Russia oil export.

We must give credit to Nehru for his nonalignment foreign policy. :truestory:
 

Haldilal

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When actors understand economics better than scamgressis
Ya'll Nibbiars R Madhavan has Phd degree in economics from the Shivaji University Kolhapur and that also on scholarship. Was selected for Training with the RN but missed it by one days was going to join IN. Has many degree both full time honourable ones. And During the period, and also won the Indian Championship for Public Speaking and subsequently represented India at the Young Businessmen Conference in Tokyo, Japan in 1992. And also has BSc in electronics from the Shivaji Universitys. And was part of exchange programme with the Rotary Internationals. And also done PG in PR from KC collage in Mumbai.

And wouldn't be suprised if do dhobi pacha with Tai in a debate on economics. Has more qualifications than Tai and also knowledge both terotical and particals. And joined acting to make extra money to set up business and by suprise made a career in acting only by chances.

And probably the most educated actor in India literallys.
 
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