Indian Economy: News and Discussion

[asaffronladoftherisingsun]

 

[FalconSlayers]

$8 billion in OEM investments
Demand drive. Original equipment manufacturers plan ₹65,000 cr investments to ramp up capacity

Original equipment manufacturers plan ₹65,000 cr investments to ramp up capacity

With the ease in supply chain constraints and semi-conductor shortage, capacity utilisation of the OEMs has improved to healthy levels, said ICRA

www.thehindubusinessline.com

 

[Jambudweepa]

Five interesting digital twin startups in India

Five interesting digital twin startups in India

Many Indian firms have made a splash in the digital twin space, contributing to the global movement toward Industry 4.0.

indiaai.gov.in

 

[Abbey]

अमेजन करेगी प्रयागराज में एक हजार करोड़ रुपये का निवेश, इंडस्ट्रियल एरिया में वेयर हाउस के लिए मांगी जमीन

यूपी के मुख्यमंत्री योगी आदित्यनाथ द्वारा उद्योगपतियों से प्रदेश में निवेश करने की अपील और ऐसे तमाम प्रयास का असर अब दिखाई देने लगा है। नामचीन ई-कामर्स कंपनी अमेजन (Amazon) तीर्थराज प्रयाग में एक हजार करोड़ रुपये का निवेश करने जा रही।

www.jagran.com

 

[thebakofbakchod]

SBI projects Q2 GDP growth of 5.8%, lower than other agencies’ estimates

Higher input costs weighed down manufacturing sector performance, it reckons

www.thehindu.com

Supapowa 2020 2024 2047

 

[Butter Chicken]

Y'all Nibbiars

Adani Group wins Asia's biggest slum redevelopment project, (Dharavi Redevelopment) in Mumbai with a 5,069 crore bid. DLF Group submitted bid of 2,025 crore.

 

[Abbey]

Y'all Nibbiars

Adani Group wins Asia's biggest slum redevelopment project, (Dharavi Redevelopment) in Mumbai with a 5,069 crore bid. DLF Group submitted bid of 2,025 crore.

@FalconSlayers does he even have any experience regarding this?

 

[ezsasa]

RBI announces the launch of the first pilot for retail digital Rupee (e₹-R) on December 1. The e₹-R would be in the form of a digital token that represents legal tender. It would be issued in the same denominations that paper currency and coins are currently issued.

 

[Alamarathan]

RBI announces the launch of the first pilot for retail digital Rupee (e₹-R) on December 1. The e₹-R would be in the form of a digital token that represents legal tender. It would be issued in the same denominations that paper currency and coins are currently issued.

How it is different than the digital transactions like e-banking?

 

[ezsasa]

How it is different than the digital transaction like embanking?

from a user perspective, not much difference i presume.

 

[Alamarathan]

Ok,i think i understand their objective, (its based on distributed ledger system )


Like banknotes it will be uniquely identifiable and regulated by Central Bank. Liability lies with RBI. Plans include online and offline accessibility

e₹-R will be outside commercial banking system that can help reduce concentration of liquidity and credit risks in payment systems mediated through commercial banks

Digital Rupee - Wikipedia

en.m.wikipedia.org

 

[NutCracker]

How it is different than the digital transactions like e-banking?

You might've to scroll back few weeks or search "digital rupee" etc keyword.

As much i remember it's like US issued food stamps which can be used to only buy food.

Similarly these tenders can be issued to people as subsidy which they can avail at specific shops using E-currency.

Other memebers can correct me.

 

[Alamarathan]

You might've to scroll back few weeks or search "digital rupee" etc keyword.

As much i remember it's like US issued food stamps which can be used to only buy food.

Similarly these tenders can be issued to people as subsidy which they can avail at specific shops using E-currency.

Other memebers can correct me.

I think i got it now,

Ok,i think i understand their objective, (its based on distributed ledger system )


Like banknotes it will be uniquely identifiable and regulated by Central Bank. Liability lies with RBI. Plans include online and offline accessibility

e₹-R will be outside commercial banking system that can help reduce concentration of liquidity and credit risks in payment systems mediated through commercial banks

Digital Rupee - Wikipedia

en.m.wikipedia.org

 

[Alamarathan]

Ok,i think i understand their objective, (its based on distributed ledger system )


Like banknotes it will be uniquely identifiable and regulated by Central Bank. Liability lies with RBI. Plans include online and offline accessibility

e₹-R will be outside commercial banking system that can help reduce concentration of liquidity and credit risks in payment systems mediated through commercial banks

Digital Rupee - Wikipedia

en.m.wikipedia.org

Basically in normal online transaction our money is "saved" in the banking servers which is connected to the banks fate. Which requires decent internet connection.

Whereas,in digital rupee,money is stored in the wallets(with unique codes),so it can be traded as we wish like physical currency.

 

[FalconSlayers]

@FalconSlayers does he even have any experience regarding this?

Nil, and the total built-up area is supposed to be more than 10 million square feet, which is massive but will need to look at the area where it will be developed, I hope Adani doesn't build ugly cubes in the name of offices and small mid-rises in the name of residential complexes.

@Haldilal do you have any masterplan, and what do you think will be the likely outcome?

Edit: Adani aptly bribed Daddy Penguin and his goons to stay away from his project a few days beforehand .

 

[FalconSlayers]

SBI projects Q2 GDP growth of 5.8%, lower than other agencies’ estimates

Higher input costs weighed down manufacturing sector performance, it reckons

www.thehindu.com

Supapowa 2020 2024 2047

Failure in the manufacturing sector growth under the current government is the reason, they brought PLI but had no obligations on localisation. So we see rise in imports and decline in growth and news like India electronic supa powa, Government plans $300 bn in electronics production by 2026, how much of that $300 bn will be sourced locally coz India can't sustain $250 bn annual trade deficit just to get news like "India manufactures $300 bn worth electronics" to please the IT Cell subscribers.

 

[asaffronladoftherisingsun]

 

[Haldilal]

Y'all Nibbiars

Adani Group wins Asia's biggest slum redevelopment project, (Dharavi Redevelopment) in Mumbai with a 5,069 crore bid. DLF Group submitted bid of 2,025 crore.

@FalconSlayers does he even have any experience regarding this?

Nil, and the total built-up area is supposed to be more than 10 million square feet, which is massive but will need to look at the area where it will be developed, I hope Adani doesn't build ugly cubes in the name of offices and small mid-rises in the name of residential complexes.

@Haldilal do you have any masterplan, and what do you think will be the likely outcome?

Edit: Adani aptly bribed Daddy Penguin and his goons to stay away from his project a few days beforehand .
View attachment 184311

Ya'll Nibbiars 4 crore Sq. Ft. And Not 1 crores sq. Ft. As the FSI for entire 257 Acres plot is 4. It would be BKC 2.0, and I think they have zeroed on the Foster + Partners plans but can't vouch for it's. And adani will join others partners to exucate this as alone can't do it's. Most likely domestic and International investors will jump in. And as I and Kumata said when Adani in race others can't win. Half of space will be dedicated for commercial and others for residence etc.

 

[FalconSlayers]

Ya'll Nibbiars 4 crore Sq. Ft. Not 1 crores sq. Ft. As the FSI for entire 256 Sq. Ft. plot is 4. It would be BKC 2.0, and I think they have zeroed on the Foster + Partners plans but can't vouch for it's. And adani will join others partners to exucate this as alone can't do it's. Most likely domestic and International investors will jump in. And as I and Kumata said when Adani in race others can't win. Half of space will be dedicated for commercial and others for residence etc.

1 crore not 4 crore mn sq ft.

 

[Haldilal]

1 crore not 4 crore mn sq ft.
View attachment 184312

Ya'll Nibbiars with 257 Acres and with FSI of 4, the 1 crore dosent add up.

Dharavi redevelopment to get FSI of 4, Maharashtra govt to float fresh tenders for revamp

Deputy Chief Minister Devendra Fadnavis, who is also the housing minister, had said yesterday that fresh tenders for the redevelopment of Dharavi are expected to be floated in a week's time

www.moneycontrol.com

Railways agrees to hand over land for Dharavi redevelopment

At the meeting, Union Minister Vaishnaw assured the state government that all bottlenecks related to the railway land will be removed. Fadnavis said, “The Railway Minister has assured cooperation in taking the project forward.”

indianexpress.com