partially true.Finance ministers of the state can only recommend but not implement major changes themselves.
No, you don't need to go the central bank for Yuan. There is an offshore RMB - CNH! You buy them from Hongkong, London, etc. The rate of offshore CNH is essential controlled by market instead of Chinese central bank.Only problem is how will you get access to Yuan? You go take dollars to Chinese central Bank which in this case is PBOC and exchange it for yuan. You are basically draining the forex and worse you are propping the currency of the enemy nation. You have to take whatever rate they are going to give you. And they are not going to give you a good deal, trust me.
IMO Govt is itself stoking inflation now ...
Gst for hospital beds also marne mei bhi shanti nai haiIMO Govt is itself stoking inflation now ...
Already reeling under high inflation, the common man is likely to suffer more with the GST Council deciding to increase rates on some products and services, besides bringing more items under its ambit.www.tribuneindia.com
She is hitting daily use stuff now. Atleast spare the daily food items..plan seems to bring more & more agriculture sector into tax net albeit indirectly..
For banks, her funda seems to be simple... Deposit u pay, withdraw.. u pay.. xfer .. u pay..keep cash.. u r making black money... Pls beg.. don,t earn...
Come July 18, 18 per cent Goods and Services Tax (GST) will be applicable on bank cheque book/loose leaf cheques and 12 per cent on maps, atlas, and globes.
Similarly, unbranded but pre-packed curd, lassi, butter milk, food items, grains etc will be brought under the GST net from the exemption list.
Writing, printing, or drawing ink will also become costlier.
The rate on machines for cleaning, sorting or grading seed, and grain pulses, machinery used in milling industry or for the working of cereals etc, 'pawan chakki', or air-based atta chakki, wet grinder goes up from five per cent to 18 per cent.
Machines for cleaning, sorting or grading eggs, fruit or other agricultural produce and its parts, milking machines and dairy machinery will have rates going up from 12 per cent to 18 per cent.
We need to stop import dependencies on fertilizers,energy and electronicsI guess this is the second best move, we will use Yuan only for some trades with Russia, so no significant use apart from making front page newspaper headlines... And let the Chinese banks handle sanctions et al. If Russian cos. don't want payment in rupees, then there's not much we can do... Have to be pragmatic here, for cheap commodities.
Chinese electronic company yay or nay?Vivo industrial park
View attachment 162239
Chinese electronic company Vivo is building a 7000 crore manufacturing base in YEIDA's Sector 24, sprawling across a 169 acre plot. This plant will employ around 25000 people once fully built. Right next door is Patanjali's proposed food park which has been pending for a while. They have pledged to invest 6000 crores in multiple phases and employ around 25000 people in their 430 acre plot. YEIDA has a pretty bright future ahead. If only other cities in UP could get such investments
Like that porki PM said, beggars cant be choosers. You can give Indian companies another 10 years and they still wont make such large investment commitments in this sector. Micromax and Lava were happily screwdriving Chinse phones and labelling them as made in india, and the investments they are making now even under the PLI scheme is still only a few hundred crores. Tata electronics is the only one who seem serious about investing into the local electronic ecosystem. They are investing a similar amount in TN.Chinese electronic company yay or nay?
True, just costs even to withdraw from ATM's, bank you already pay gst, they have capped on withdrawal, you need to pay gst if you want pay instantly, the only way they have left is to pay through NEFT, which is free as of now maybe she will come to know about that also and tax the hell out of it.For banks, her funda seems to be simple... Deposit u pay, withdraw.. u pay.. xfer .. u pay..keep cash.. u r making black money
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