Indian Economy: News and Discussion

[RoaringTigerHiddenDragon]

This is good news for UP. We can buy power on demand now and also quickly sell excess power. This will reduce power fluctuation a lot. More such things are being done. Gorakhpur-Nepal-Bhutan transmission lines is going to bring industries into eastern UP as well.

Neighbourhood First: India Allows Three Neighbours Real-Time Access To Its Energy Market - India Infra Hub

The agreement to allow Nepal, along with Bhutan and Bangladesh, access to real-time market was reached at a high-level meeting of officials of Nepal and India at Jaipur in February this year As part of Prime Minister Narendra Modi’s ‘neighbourhood first’ policy, India has allowed Bangladesh...

indiainfrahub.com

 

[AnantS]

Amazon India has digitised 62 lakh MSMEs and enabled exports worth $8 billion.

I would suggest one exercise caution over anything Amazon India claims, given their track record of falsifying investment claims.

 

[RedHood108]

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The government has been using various methods to attract foreign investment since its make in India scheme, most of which have largely failed or are only on paper. So in governments mind they have been showing carrot for too long and haven't achieved much success. I guess now they are using the stick's. Especially when the world i getting more de-globalized, no country will question these tactics anymore. While they may be good tactics, but we need a long term strategy for sustainable growth in manufacturing sector, which has kept on decreasing despite so many announcements and schemes!! I guess the MSMEs need to be given much more freedom for them to excel, only then can we have large manufacturing sectors. Few large industrial powerhouse may not work for such a large country like India.

The 2 main problems that hurt Indias MSMEs are market access & access to working capital.

The agreements signed between Amazon & other e-commerce websites for digitization of MSMEs has started to show results. I am sure when ONDC is fully operational. It will be to us, what Ali Baba is to China.

And for access to working capital the government has started programs like Open Credit Enablement Network (OCEN), GST Sahay, GeM Sahay etc.

Open Credit Enablement Network (OCEN)

https://www.financialexpress.com/industry/sme/sachetisation-of-msme-loans-a-game-changer-for-indian-msmes/3200233/

 

[RedHood108]

I would suggest one exercise caution over anything Amazon India claims, given their track record of falsifying investment claims.

It would be great to actually be able to verify their claims.

This is the full report.

As part of its 2025 pledge for key focus areas of job creation, exports, and digitising MSMEs, the company has created 13 lakh direct and indirect jobs out of its pledge to create 2 million (20 lakh) jobs.

In the last one year, the company said it has helped create about 1.4 lakh direct and indirect jobs

Started in 2021, Amazon Smbhav Venture fund is a $250 million fund focused on startups in technology, agriculture, and health, among others.

The fund has invested in startups such as FreshtoHome, Hopscotch, Cashify, smallcase and MyGlamm in the last 24 months

Amazon India enables exports worth over Rs 66,000 crore, digitises 62 lakh MSMEs

In the last one year, the company said it has helped create about 1.4 lakh direct and indirect jobs across industries like IT, e-commerce, manufacturing, content creation, and skill development.

m.economictimes.com

 

[RoaringTigerHiddenDragon]

UPEIDA developing several industrial clusters in Bundelkhand.

Uttar Pradesh's Solar Drive: Bundelkhand Expressway To Shine As State’s First Solar Expressway - India Infra Hub

The solar expressway initiative is part of the Uttar Pradesh government’s Solar Energy Policy 2022. The 296-km-long Bundelkhand Expressway links the less developed Bundelkhand region of the state with the Agra-Lucknow Expressway near Etawah. The UP expressway network presently includes...

indiainfrahub.com

 

[Haldilal]

Ya'll Nibbiars The Russia proposes visa-free travel deal to India Moscow earlier introduced visa free entry for groups from China and Iran.

 

[Tejbrahmastra]

 

[Haldilal]

Ya'll Nibbiars

Bharat Forge aims to become the artillery house for the world: MD Baba Kalyani

Speaking of the defence vertical, CMD Kalyani also said that 80 percent of the business is exports and that the company is seeing huge demand from different countries for their defence products.

www.moneycontrol.com

 

[Tejbrahmastra]

 

[AnantS]

Are these for real or some fanboy renders??

Seriously, looks like some kid designed this in MS Paint!

naa looks like a toddler playing with his mother pink lipsticks drew all over Dad's precious die cast collectible

 

[SKC]

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something needs to be done about the absurd taxation on automotive sector:
28% on two-wheeler segment
upto 45-46% in four wheelers.
if they want to see continued growth in automotive sector.

 

[ezsasa]

something needs to be done about the absurd taxation on automotive sector:
28% on two-wheeler segment
upto 45-46% in four wheelers.
if they want to see continued growth in automotive sector.

and tax on petrol/diesel, these are carbon tax by other name.

either impact of forex outflow due to oil imports have to come down to manageable levels
or public have to shift to electric
or the direct tax collection has to double to compensate for oil revenue loss, at current levels.

 

[SKC]

and tax on petrol/diesel, these are carbon tax by other name.

either impact of forex outflow due to oil imports have to come down to manageable levels
or public have to shift to electric
or the direct tax collection has to double to compensate for oil revenue loss, at current levels.

If we move to EV majorly then they will tax heavily the electricity also.

Already in many US states filling petrol is cheaper than full charge of EV batteries.

 

[sauntheninja]

something needs to be done about the absurd taxation on automotive sector:
28% on two-wheeler segment
upto 45-46% in four wheelers.
if they want to see continued growth in automotive sector.

Buying a car is seen as a punishment here. Paying so much tax. Plus the roads we get lowering the taxes will do so much for the middle class confidence as buying a car is seen as a aspirational thing in India

 

[DingDong]

Found something very interesting. Is there a pattern?

 

[DingDong]

He deserves this!

He is egomaniac and psychopath Narcissist.

In a corporate setting don't ever touch a guy even with a 1000 km pole who has married his subordinate or even worse, his student.

Such people are lone wolves who love to exploit people around them whenever the "balance of power" is in their favor. They are usually bad team players, a skill required for forging a large organization. Won't let go of the stranglehold over whatever they own.

 

[Azaad]

Ya'll Nibbiars



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Seriously , the entire colour scheme resembles the COMAC C-919 launch . Must be a Chinese hand somewhere. Only they can be so tasteless.

 

[thebakofbakchod]

https://singlewindow.jk.gov.in/uploads/files/act_0481559001644134088.pdf

There were over 700 applicants for land in 2021. Majority are small or micro investments (<5 crore). If even half of these become reality, it will be great news. I will be surprised if most provinces in Pakistan receive anywhere near this amount.

 

[skunk works]

Jains - the Jews of India . What the narrator fails to mention or tries to dismiss in a blink & you miss it frame is that Harshad Mehta , Ketan Parekh , Mehul Chokshi , Nirav Modi etc are also Jains.

You'd find Jains in high profile stock market scams or bank embezzlement scams disproportionate to their percentage in the general population . Hence among Gujjus is the saying you can't trust people with a yellow tikka on their forehead.

You wouldn't call men like Mehta and Parekh unsuccessful. By that logic most of wall street for the last 100+ years would be unsuccessful. Remember, if they were not caught they would be called 'Doyens of Indian investing'.
Pretty sure Parekh is still very much in the game, just from London.

 

[Haldilal]

Ya'll Nibbiars The ChatGPT is spending 70 lakh dollars per day and make go bankrupt in 2024.