Indian Economy: News and Discussion

Haldilal

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Seth Haldilal is probably humble bragging about how much he made by investing in stonks of these companies before anyone knew that the shares would increase so much.
Ya'll Nibbiars

FQ14yCEVUAIH_hp.jpeg
 

tribendra bisoi..

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TN signs MoUs worth ₹1.25 lakh crore; to generate nearly 75,000 jobs


Odisha receives Rs 21,000 cr worth investment intentions at Dubai meet


Yogi government has initiated a proposal to hold a global investors’ summit next year to attract ₹10 lakh crore investment

 

tribendra bisoi..

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Nano Urea is widely being accepted by farmers


390 lakh Nano Urea bottles dispatched to different parts of country, about 287 lakh bottles have been sold out between August 2021 and June 2022.

India will not need to import urea by 2025-end as the domestic production of conventional urea and nano liquid urea is expected to be sufficient to meet the country's annual demand.

field trials showed 8 per cent increase in crop yield with foliar application of Nano Urea.

By 2025, through 8 urea plants we will produce 44 crore Nano Urea bottles per annum, which will be equivalent to 200 LMT of conventional urea .

the government will save foreign exchange of Rs 40,000 crore approximately per annum after replacing the conventional urea with the Nano Urea.


.

Lets not forget the man behind this - Ramesh Raliya . Deserves a bharat ratna .
 

thebakofbakchod

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BJPigs are doing everything they can to ruin the economy. Key economic indicators are showing alarming slowdowns and idiots are planning to tax more stuff



Look at this cretin

 

Blademaster

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BJPigs are doing everything they can to ruin the economy. Key economic indicators are showing alarming slowdowns and idiots are planning to tax more stuff



Look at this cretin

hit job articles by pressitutes.
 

Haldilal

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Ya'll Nibbiars The Maharashtra government has zeroed in on two places — Kelva-Mahim and Dapchari for Mumbai’s satellite airport in Palghar district. At Kelva-Mahim the district collectorate has begun work on the project by identifying three plots and has started data collection process which includes identifying government and private land at each of the sites. The alternative site is that is being looked at is at Dapchari, about 70 kilometers from Kelva-Mahim, confirmed a senior state official from the revenue department who is privy to the development.

And have identified three sites of 400 hectares each at Kelva-Mahim for the airport. Once we complete the process of identifying the owners of the land, the details will be submitted to the Maharashtra Airport Development Corporation MADC, which will then conduct a feasibility survey,” said the official requesting he not be quoted.

The Maharashtra Industrial Development Corporation MIDC and MADC are jointly working on the airport plan. The revenue department is working along with these two state government agencies in identifying suitable sites for the proposed airport. Once the site is identified, the concerned agencies will approach the Director General of Civil Aviation and Airports Authority of India for necessary approvals. The main criterion is a suitable-sized flat tract.

And are planning to develop this airport by building runways anywhere between up to 2400-metres and a small terminal with a parking facility for a few aircrafts. Planned as the city’s third airport it will be used for landing of small aircrafts, for emergency situations such as floods, and for VIP movements to begin with, he added. The facility will then be upgraded as and when required. In a meeting on May 10, chief minister Uddhav Thackeray had directed the MADC officials to speed up the execution. The Mumbai airport has already reached saturation level. Its further development is slowed down due to difficulties in shifting the existing slums on airport land. The development of Mumbai’s second airport at Navi Mumbai too has been bogged down on account of opposition of local residents who had initially refused to sell their land for the project. The first phase of the Navi Mumbai airport, which is expected to handle 40 million passengers when it becomes fully operational, is likely to be commissioned by the end of 2024.

images - 2022-07-07T204931.081.jpeg
 

Crazywithmath

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RDSO Design Light Aluminium Coaches of Train-18 Which Can Cruise at 200 kmph
Arvind Chauhan / TNN / Jun 23, 2022, 12:27 IST
=========================

LUCKNOW: With the objective to provide comfortable travel in the shortest possible time with high speed train service between major cities of the country, RDSO has sent specifications to the railway board for 100 trains based on the Train-18 concept which would cruise at 200 kmph.


Further, the apex research facility of Indian railways is also working to develop another lightweight 100 trains which can cruise at 200 kmph in push and pull configuration (power units at both ends).


Director general of RDSO, Sanjiv Bhutani said, “Based on the current train-18 concept which runs over a distributed traction power system (self-propelled — do not require an engine) RDSO has forwarded specifications to develop 100 trains which can operate at 200 kmph. Further, the organization is working to design push and pull trains which also can cruise at 200 kmph.”


Meanwhile, RDSO has also released the specification for development of Hydrogen Fuel Cell based Hybrid Power Train to prove the technology success of 1200 KW DEMU. Northern Railway is likely to invest in the project.


Further, RDSO and CSIO have worked jointly in the last one year for development of anti-viral and anti-pathogen systems for air-conditioned coaches of Railways. After successful trial of this system, the Railway Board has given its consent to install it in the AC coaches.


DG RDSO Sanjiv Bhutani further said, under the "Atmanirbhar Bharat" Indian Railways in an initiative to encourage innovation and provide opportunities to start-up, a program called "Startups for Railways" has been launched. It aims to improve the area of operation, maintenance and infrastructure creation through the participation of startups.


For the first phase of this program, 11 problem statements like Broken Rail Detection System, Rail Stress Monitoring System, Headway Improvement for suburban section and others were selected out of more than 100 problems received from various Divisions, Regional Offices and Zones of Railways.


Proposals have been sought from start-up entrepreneurs to find solutions to these problems.


Startups will be given a maximum grant of Rs 1.5 crore on an equal sharing basis. Provision has been made for milestone-wise payment to start-ups.


According to this policy, the developer will have the freedom to keep the IPR and will get the purchase order from the Railways for the assured development.
 

Hari Sud

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Indian Economy

The Indian economy is heading in the right direction with $5 trillion GDP (nominal) achievable about a year late in 2026 instead of 2025. Even the IMF has revised their previous estimates to reach the magic number from 2027 to 2026. The COVID-19 pandemic caused one year of delay. Why this big achievement and that too without a massive influx of FDI and technology, it can be attributed to the dumping of Nehruvian secularism, socialism, and adopting the free market principle as its key measure. India has also mended much of its earlier corrupt practices by replacing corruption with entrepreneurship and ease of doing business. This 8.5% GDP growth forecast for the current year (2022-23) will occur despite the global slowdown caused by war, high oil prices and high inflation. It looks as though India will overcome this induced economic storm.

A gloomy picture painted in June by the Western and Indian economic analysts has been laid to rest by the timely arrival of rains in early July and forced them to revise their estimates. This time the Indian inflation acceleration has met its match as the rains and the improved planting season enhanced the economic outlook.

The rupee's nearly 4% depreciation against the dollar this year has also made imported items costlier, prompting the federal government to restrict wheat and sugar exports and cut fuel taxes and has joined the RBI in the battle against inflation. The recent depreciation of the Indian rupee is not entirely under Indian control. As bank rates in the United States increase, capital outflows from India increase until the Indian rate rises in line with that of the United States. This action reduces the capital and liquidity available to the Indian economy and causes a slowdown. These inter-related issues are being evaluated on a daily basis by India and best course of action is chartered.

Although our exports have grown by 20%, that is definitely not enough to celebrate. When the United States began to make China an export country, it opened its doors to duty-free, unrestricted goods coming in. It pegged the Chinese currency so low that everything became cheaper to the importing country. China's leaders quietly welcomed FDI inflows, unrestricted imports and weak foreign exchange. As a result, it has achieved unprecedented levels of export and manufacturing prosperity. No such benefit has been made available to India. Our exports rose, but they stayed at $600 billion. These should be a trillion dollar by now, except enough money & know how has not been placed at India’s disposal. US and Europe policies are China centric in spite of major supply disruption due to pandemic in China. There was a huge hue and cry last year when a single source supply was challenged by the consumer advocates. Smart money always wishes at least a matching manufacturing to China elsewhere, probably in India to prevent future supply disruptions, but for now there are few takers of this policy change. As a result, India received no FDI at China's 1998 to 2014 levels.

Back to the Indian economy…….. A growth rate of 8-9% will continue. That $5 trillion economy dream will happen in 2026. India will then be third in GDP after China and the United States.
 

Crazywithmath

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To Infinity and Beyond: How India is Writing its Own Toy Story
By: Kakoli Mukherjee
News18.com
Last Updated: JULY 07, 2022, 18:50 IST
===============================

At a Glance:
India’s toy-making industry says the government's steps have provided a level playing field to everyone in a market where Chinese toys were over-subsidised

===============================

Will India ever produce an iconic doll like the Barbie? Only time will tell. However, with new quality controls in place and measures to bring the Indian toy sector at par with international standards, the Indian toy industry is seeing a revival.

The latest government data shows that the import of toys came down by 70% in the last three years and the exports have jumped by 61.38%. This came after the government issued a Quality Control Order in 2020 through which toys were brought under compulsory Bureau of Indian Standards (BIS) certification. This brought down the number of Chinese toy manufacturing companies dominating the Indian market.

Speaking to News18, Yashwinder Singh Kohli, director of Dimpy Soft Toys, said: “Indian market has been traditionally dominated by Chinese products because they are cheaper. However, the new quality control measures have filtered out many products from China. In an episode of ‘Mann ki Baat’, our Prime Minister, Narendra Modi, had asked manufacturers to rebrand the Indian Toy Story. He also emphasised on spreading Indian values and wisdom among children through our indigenous toys. Due to the push by the government in this direction, all manufacturers increased capacity of production and increased exports."

Kohli added that since toy making is a labour-intensive industry, it creates employment for thousands of people. He said that though his company makes soft toys, it will eventually venture into manufacturing products based on Indian mythological characters.

Manu Gupta from Playgro Toys International Private Limited said that the government’s steps have provided a level playing field to everyone in a market where Chinese toys were over-subsidised.

“We now have eight toy manufacturing clusters in the country to boost the production of traditional toys. Indian manufacturing fraternity is learning how to make safe toys because of the Quality Control Order. These products match international standards that are accepted by most countries around the world."

Talking about other developments in the sector, he added: “The National Action Plan on Toys, in which 15 ministries are involved, is going to help manufacturers in various aspects like production and marketing. The USP of India toys is that a large array of toys - wooden, plastic, electric etc. - will be available at competitive prices while meeting all safety standards."

Earlier, toys manufactured by a few Chinese companies were blacklisted due to the presence of toxic, heavy metals like lead in them. They were also found to have sharp edges that do not meet the desired contour requirements.

Basic Custom Duty (BCD) on Toys-HS Code-9503 was increased from 20% to 60% in 2020. This measure made import of toys costlier and thus helped in increasing the production of traditional items.

Vasanth Tamilselvan, founder of Ariro wooden toys, said: “Anti-China sentiment in the last two years and the increase in duty have contributed to the sale of our toys made on Montessori principles. They are made from neem wood which is known to have anti-bacterial and anti-fungal properties. They do not cause the children any harm. Our toys are hand-made by artisans based in West Bengal, Andhra Pradesh, Tamil Nadu and other states. We use vegetable dyes to add colour to our products. An increase in demand for these items will directly translate to more employment opportunities for our artisans."

As for a replacement for Barbie, Gupta feels that India’s very own ‘Chhota Bheem’ has managed to carve out a dedicated following. As more and more toy clusters are developed, we can hope that more characters like him will jump international borders and become companions for children from different nationalities.
 

Haldilal

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A market investor converting his floating asset into tangible asset.
Well done.
Ya'll Nibbiars just investing 40 million dollars a small mount of the massive fortunes.

Really?

I thought that was the cost of one plane.
Ya'll Nibbiars The leasing and debt borrowings oral requires less physical capitals.
 
Last edited:

armortec

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Indian Economy

The Indian economy is heading in the right direction with $5 trillion GDP (nominal) achievable about a year late in 2026 instead of 2025. Even the IMF has revised their previous estimates to reach the magic number from 2027 to 2026. The COVID-19 pandemic caused one year of delay. Why this big achievement and that too without a massive influx of FDI and technology, it can be attributed to the dumping of Nehruvian secularism, socialism, and adopting the free market principle as its key measure. India has also mended much of its earlier corrupt practices by replacing corruption with entrepreneurship and ease of doing business. This 8.5% GDP growth forecast for the current year (2022-23) will occur despite the global slowdown caused by war, high oil prices and high inflation. It looks as though India will overcome this induced economic storm.

A gloomy picture painted in June by the Western and Indian economic analysts has been laid to rest by the timely arrival of rains in early July and forced them to revise their estimates. This time the Indian inflation acceleration has met its match as the rains and the improved planting season enhanced the economic outlook.

The rupee's nearly 4% depreciation against the dollar this year has also made imported items costlier, prompting the federal government to restrict wheat and sugar exports and cut fuel taxes and has joined the RBI in the battle against inflation. The recent depreciation of the Indian rupee is not entirely under Indian control. As bank rates in the United States increase, capital outflows from India increase until the Indian rate rises in line with that of the United States. This action reduces the capital and liquidity available to the Indian economy and causes a slowdown. These inter-related issues are being evaluated on a daily basis by India and best course of action is chartered.

Although our exports have grown by 20%, that is definitely not enough to celebrate. When the United States began to make China an export country, it opened its doors to duty-free, unrestricted goods coming in. It pegged the Chinese currency so low that everything became cheaper to the importing country. China's leaders quietly welcomed FDI inflows, unrestricted imports and weak foreign exchange. As a result, it has achieved unprecedented levels of export and manufacturing prosperity. No such benefit has been made available to India. Our exports rose, but they stayed at $600 billion. These should be a trillion dollar by now, except enough money & know how has not been placed at India’s disposal. US and Europe policies are China centric in spite of major supply disruption due to pandemic in China. There was a huge hue and cry last year when a single source supply was challenged by the consumer advocates. Smart money always wishes at least a matching manufacturing to China elsewhere, probably in India to prevent future supply disruptions, but for now there are few takers of this policy change. As a result, India received no FDI at China's 1998 to 2014 levels.

Back to the Indian economy…….. A growth rate of 8-9% will continue. That $5 trillion economy dream will happen in 2026. India will then be third in GDP after China and the United States.
Reasonably good news but this RUS v West war is a golden chance for India (as long as it's getting energy at a cheaper price). Europe and USA currently in shambles. If India did whatever neccessary to invite foreign money and tech right now they'd make lasting inroads. Does red tape and bureaucracy still discourage foreign investors? Vietnam and soon Indonesia get the invesment instead. For obvious reasons Modi has to be (and be seen as) tough on China for as long as they kept this border war going. I just hope it doesn't discourage other investors.
 

fooLIam

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RDSO Design Light Aluminium Coaches of Train-18 Which Can Cruise at 200 kmph
Arvind Chauhan / TNN / Jun 23, 2022, 12:27 IST
=========================

LUCKNOW: With the objective to provide comfortable travel in the shortest possible time with high speed train service between major cities of the country, RDSO has sent specifications to the railway board for 100 trains based on the Train-18 concept which would cruise at 200 kmph.


Further, the apex research facility of Indian railways is also working to develop another lightweight 100 trains which can cruise at 200 kmph in push and pull configuration (power units at both ends).


Director general of RDSO, Sanjiv Bhutani said, “Based on the current train-18 concept which runs over a distributed traction power system (self-propelled — do not require an engine) RDSO has forwarded specifications to develop 100 trains which can operate at 200 kmph. Further, the organization is working to design push and pull trains which also can cruise at 200 kmph.”


Meanwhile, RDSO has also released the specification for development of Hydrogen Fuel Cell based Hybrid Power Train to prove the technology success of 1200 KW DEMU. Northern Railway is likely to invest in the project.


Further, RDSO and CSIO have worked jointly in the last one year for development of anti-viral and anti-pathogen systems for air-conditioned coaches of Railways. After successful trial of this system, the Railway Board has given its consent to install it in the AC coaches.


DG RDSO Sanjiv Bhutani further said, under the "Atmanirbhar Bharat" Indian Railways in an initiative to encourage innovation and provide opportunities to start-up, a program called "Startups for Railways" has been launched. It aims to improve the area of operation, maintenance and infrastructure creation through the participation of startups.


For the first phase of this program, 11 problem statements like Broken Rail Detection System, Rail Stress Monitoring System, Headway Improvement for suburban section and others were selected out of more than 100 problems received from various Divisions, Regional Offices and Zones of Railways.


Proposals have been sought from start-up entrepreneurs to find solutions to these problems.


Startups will be given a maximum grant of Rs 1.5 crore on an equal sharing basis. Provision has been made for milestone-wise payment to start-ups.


According to this policy, the developer will have the freedom to keep the IPR and will get the purchase order from the Railways for the assured development.
On the risk of sounding blackpiller RDSO cannot develop anything . It is filled with not scientist/engineers but sarkari karamchari and all those upsc wala . RDSO is famous for even scuttling and delaying good idea proposed by others.
 

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