Indian Economy: News and Discussion

[Star screamer]

 

[tribendra bisoi..]

Iran announces the completion of the first transport of Russian goods to India through the International North-South Corridor (INSTC)

 

[Haldilal]

Ya'll Nibbiars The Gadkari says Versova Virar Sea Link would be his dream project. Requests Govt of Maharashtra to waive off GST on steel and cement. And If constructed, this will be second longest road bridge in the world.

 

[Haldilal]

Ya'll Nibbiars The Grasim got EC TOR for Proposed Integrated Paint Manufacturing Facility at The Ratnagiri, Maharashtra. The Total Invetsments 1,500 crores.

 

[tribendra bisoi..]

Bengaluru-Mumbai Industrial Corridor seems to have been fast tracked .

Maharashtra CM Eknath Shinde promises to make land available for Bengaluru-Mumbai Industrial Corridor

Shinde sought the Centre's approval for textile parks, medical parks and bulk drug parks in the state in the the first apex authority meeting of National Industrial Corridor Development and Implementation Trust (NICDIT).

indianexpress.com

- Shinde also stressed on the development of Dighi Port in Ratnagiri and bulk drug parks in the state. Currently, proposals related to textile parks, medical parks and bulk drug parks are in the pipeline.

- Madhya Pradesh Chief Minister Shivraj Singh Chauhan made recommendations related to work along the Varanasi-Mumbai Industrial Corridor.

- Dighi-Mangaon industrial project, he said almost 85 per cent of land acquisition is completed. If the Centre clears the technicalities in these deals, the remaining 15 per cent of land acquisition can be done within the next three months.

 

[karn]

China's share in India's total imports falls to 15.4 pc in 2021-22

Citing some examples, they said imports like Active Pharmaceutical Ingredients (APIs) and drug formulations provide Indian pharma industry raw material for producing finished goods which are also exported.

economictimes.indiatimes.com

 

[Haldilal]

Ya'll Nibbiars The Modern facility of Sleeping Pods opened at CSMT Railway Station under NFR initiative. It will create affordable lodging facility for passengers. It will also help Railways to earn Rs. 55.68 lakhs in the years. And it's the second Pod Hotel in India after the Mumbai Central ones.

 

[Knowitall]

Ya'll Nibbiars The Modern facility of Sleeping Pods opened at CSMT Railway Station under NFR initiative. It will create affordable lodging facility for passengers. It will also help Railways to earn Rs. 55.68 lakhs in the years. And it's the second Pod Hotel in India after the Mumbai Central ones.

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Hope people don't trash it.

Such places are high on demand and are often customer dependent on cleanliness stains etc.

 

[SKC]

Hope people don't trash it.

Such places are high on demand and are often customer dependent on cleanliness stains etc.

Everyone's a Gangsta untill a Kanpuriya arrives at sleeping pod station.

 

[Haldilal]

Hope people don't trash it.

Such places are high on demand and are often customer dependent on cleanliness stains etc.

Everyone's a Gangsta untill a Kanpuriya arrives at sleeping pod station.

Ya'll Nibbiars

 

[Suryavanshi]

Mudi is pushing one district one product why not ONE DISTRICT ONE CITY?

 

[Spindrift]

Mudi is pushing one district one product why not ONE DISTRICT ONE CITY?

Munger district --> Product: desi katta

 

[indus]

Munger district --> Product: desi katta

Bihar is also famous for Makhana- Foxnuts

 

[Blademaster]

Hope people don't trash it.

Such places are high on demand and are often customer dependent on cleanliness stains etc.

Yes and that means these type of companies need to have a high maintenance budget. I strongly advise looking into their budget outlay and see if they have any allocation for maintenance and repair. If they don't, do not invest into those companies. It means that these facilities will go shit with a short span of time.

 

[Blademaster]

Mudi is pushing one district one product why not ONE DISTRICT ONE CITY?

It is not Modi's job to create everything. All he is doing is giving a push to each district and the local people there can take it from there and expand on their own.

 

[warriorextreme]

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.

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Dapchari is so far away that it does not make any sense. Nashik is also approximately at the same distance and already has an airport which can be upgraded.

Kelva makes more sense.

 

[Haldilal]

Dapchari is so far away that it does not make any sense. Nashik is also approximately at the same distance and already has an airport which can be upgraded.

Kelva makes more sense.

Ya'll Nibbiars and also 2,000 acres of land is readily available out of which 90 percent is govertment owned. And near by the Amdavad Highway. This could be the third International Airport. The Fadnavis is already keen on the Kelwa site and want to start this project as soon as possible.

 

[Haldilal]

Ya'll Nibbiars And According to the state commercial tax dept, abt 2.75 lakh businesses hv shut shop in Gujarat, surrendering their GST registrations. The While the nos of business closures increased, fresh registration nos too hv constantly fallen during the same period.

Ahmedabad: 2.75 lakh businesses closed since GST rollout - Times of India

Even though the new tax regime aimed to improve the ease of doing business and bring more taxpayers under its ambit, about 2.75 lakh businesses have shut shop in Gujarat, surrendering their Goods and Services Tax (GST) registrations, according to the state commercial tax department.

m.timesofindia.com

The Multiple possible reasons for this. Most important being They increased minimum turnover limits to more than a crore from the previous 40L. So why go for a GST registration and a monthly return plus quarterly returns and hassles if your turnover is not above the minimum?. And Before GST people had multiple firms. Now with the cost of compliance and the penalties for non compliance are high. The Some firms were used for inter company paper trading to boost turnover for bank facilities. And Some firms were used to divide profits. The Textile and machine tools industry are worst hit due to gst. Small scale units which run on daily production and sales have to struggle to file returns and claim compensations.

The and Now the reason for the inclusion of The Hardik Patel is becoming clear. The question is, is this enough to win the election this time or taking out the Brahmastra will become necessary?. And, if this is the case in a state like Gujarat, what is the situation in other states?.

 

[aystle]

http://www.millenniumpost.in/kolkat...ment-in-pvt-hospitals-485184?infinitescroll=1

 

[FalconSlayers]

Just when everyone thought there are only two and a half players left in the telecom industry....