Indian Economy: News and Discussion

karn

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Concard

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First potash and coal and now uranium .. was there some grand survey done recently in Rajasthan ? Good for that state
Rajasthan has lot of natural resources. In fact it has lot of rare Earth elements too not explored yet.



Rajasthan already produces 170,000 barrels of Oil every day for India. Yeah it is miniscule. More exploration needs to be done to discover natural resources.
 

ezsasa

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PLI scheme launched by govt for LEDs-ACs. Many critical components of ACs aren't made in India&are imported. Soon all critical components will start manufacturing in-country&about 80% will be domestic production: A Agrawal, Addl Secy, Dept for Promotion of Industry&Internal Trade

 

SKC

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Yes, they said so on the western media.
In China, the property right is a complicated issue: legally, no one has permanent right for any land or property. But for resident property, you have 75 years ownership according to law, for farm land, you have unlimited term. By social consensus (which is far more powerful than law), these properties or lands are already belong to you FOR EVER. No one can touch your property without generous compensation: for example, you have one unit in a building to be dismantled, the developer need to offer you cash+2 new units (at least). If a new road is going use your farm land, then you need to get an amount worth at least 10 years income from this land.
Certainly, the protection of property right in China can't match Western standard. But it is still a most protected one in China. People has no problem with the property right protection, they are arguing about how much is appropriate compensation. For most of ordinary Chinese, this is the easiest way get them into millionaires.
Each year, there are over millions of first time Chinese buyers buying new apartments, trillions of private money invested in all kinds of land or properties. They are not fool. They won't buy if they think their rights won't be protected.
The standard lease on property was only 40 yrs for long time. As people moved up the ladder, the lease rights increased to 60 yr in many provinces and upto 70-75 yr in others.
Still people cant have their homes for that long as many properties were redeveloped after 40 yrs which was mandated by the counties and provinces.
It is to be seen what happens to their homes after the increased lease duration. Maybe they will come with new redevelopment plans of their area and behold your house is gone again.
 

ezsasa

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Arab countries are on max capacity wrt oil production, it seems.
which would mean, there is a push to get with venezuela or iran oil back on the market.
=====
Biden was counting on Arab nations to produce more oil but a few hours ago French President Macron was overheard telling Biden that the United Arab Emirates is at max capacity & the Saudis can’t produce much more. It appears to be a direct appeal to Biden to produce more oil.

 

karn

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Arab countries are on max capacity wrt oil production, it seems.
which would mean, there is a push to get with venezuela or iran oil back on the market.
=====
Biden was counting on Arab nations to produce more oil but a few hours ago French President Macron was overheard telling Biden that the United Arab Emirates is at max capacity & the Saudis can’t produce much more. It appears to be a direct appeal to Biden to produce more oil.

Macron is one sly dude ..
 

Varzone

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Arab countries are on max capacity wrt oil production, it seems.
which would mean, there is a push to get with venezuela or iran oil back on the market.
=====
Biden was counting on Arab nations to produce more oil but a few hours ago French President Macron was overheard telling Biden that the United Arab Emirates is at max capacity & the Saudis can’t produce much more. It appears to be a direct appeal to Biden to produce more oil.

Unlock Iran !! Best market to buy oil and exports for India !!
 

The Saffron Knight

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New investments announced in May rose by 38.3% on an annual basis (up 8.5% MoM)

Among new investments, the manufacturing segment saw a major portion with a 31.7% share, while roads and real estate’s share stood at 17.2% and 12.4% respectively.
 

tommy

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India will ban the manufacture, import, stocking, distribution, sale, and use of identified single-use plastic items, which have low utility and high littering potential, all across the country from July 1: Ministry of Environment, Forest and Climate Change



Indian railways should also ban serving tea other plastic items in trains. Or should ask people to get their own cups in trains.
 

sauntheninja

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New investments announced in May rose by 38.3% on an annual basis (up 8.5% MoM)

Among new investments, the manufacturing segment saw a major portion with a 31.7% share, while roads and real estate’s share stood at 17.2% and 12.4% respectively.
Compared to pre pandemic times?
 

Dark Sorrow

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Indian railways should also ban serving tea other plastic items in trains. Or should ask people to get their own cups in trains.
Not a practical solution to carry own cups. Some biodegradable material needs to be used. Paper cups are also good which are nowadays used.
 

Dark Sorrow

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Why? I think people can make do without tea during 1 day journey.
People are addicted to such beverages and will not accept such a decision.
It is also a source of revenue for a lot of people.
 

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