Indian Economy: News and Discussion

SKC

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Bhagwaanji,

If Aadar is saying Govt is ready to spend 80,000 Crores on vaccination for covid.

Try to understand what he wants to say.

He is in direct connection with Astrazenca which is conducting trials of vaccine and it might be possible that Preliminary findings of Oxford Vaccine is heading very near to completion (i.e. number of persons getting infection in the double blind trial is nearing the targeted numbers).

Hence this fellow is pushing the govt and wants to commit govt on assured numbers of quantity which govt can purchase.

India has population of roughly 135.00 Crores and 2 vials will be required for every person hence 270.00 Crore vials are required in India.

And he is saying 80,000 Crores is needed for 270.00 Crore vials which basically boils down to roughly Rs.270/- per vaccine vial, which he wants to sell the Govt. i.e. He has declared his price for the vaccine, what he minimum wants.

He has sensed business opportunity in this scenario.

He is putting pressure to make commitment for the vaccines.

See the catch, If Govt commits for say desired quantity then he will get the BUSINESS OPPORTUNITY FOR TURNOVER FOR 80,000 CRORE IN "ONE YEAR ONLY".

Catch here is :

If say Govt here commits say 1/4 of the desired quantity, this Aadar Guy will become free to sell the VACCINE AT MUCH HIGHER PRICES IN THE OPEN MARKET.

And he will also be free to export the VACCINES OUT OF INDIA AT HIS DESIRED PRICE, which Govt. dont commit for.

BC yah aadmi MAD se panga kayoun le raha hai.

When the Vaccine comes. MAD In a single move outright might regulate how much he can export and cap the cost of the Vaccine, weather purchased by Govt or sold in open market in India.
SII already has contract with Bill Gates foundation worth $2.5 Billion. He is simply trying to milk the situation to extract as much money from Govt as he can.
People pointed to him about this and told him what the Govt is actually capable of doing with his Institute, he came back to his senses.
 

Chandragupt Maurya

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SII already has contract with Bill Gates foundation worth $2.5 Billion. He is simply trying to milk the situation to extract as much money from Govt as he can.
People pointed to him about this and told him what the Govt is actually capable of doing with his Institute, he came back to his senses.
Why Bill gates often visits Bihar ? What is his motive ?
 

SKC

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Why Bill gates often visits Bihar ? What is his motive ?
Bill Gates Foundation is sham organization on bigger level. Their Seeds and organic farming division in just like Monsanto, creating poor quality generic seeds of popular crops and making farmers dependent on them for supply.
Just see despite being saying they donated as high as $35-40 billion of his net worth, he still increased his worth over $100 Billion. Bas Ch****a kaat rahe hain duniya ka.
 

Chandragupt Maurya

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Bill Gates Foundation is sham organization on bigger level. Their Seeds and organic farming division in just like Monsanto, creating poor quality generic seeds of popular crops and making farmers dependent on them for supply.
Just see despite being saying they donated as high as $35-40 billion of his net worth, he still increased his worth over $100 Billion. Bas Ch****a kaat rahe hain duniya ka.
Yes but I am surprised with his interest in Bihar he visits remote villages what is he trying to do gain sympathy and get some deal from Bihar Government?
 

shade

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Yes but I am surprised with his interest in Bihar he visits remote villages what is he trying to do gain sympathy and get some deal from Bihar Government?
He promotes population control through his gates foundation NGO.
Bihar ke lalas now stand at 90 million, so ofc he goes there.
 

Tibarn

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Hiring rate and female workforce participation have increased in India, according to a 'Labour Market Update' put out by online professional network LinkedIn. Hiring picked up by 25 percentage points by end of July as compared to June, it said.
That's some possible good news on the labour market. Although LinkedIn probably only covers urban areas and certain fields like IT and Business.
 

shade

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That's some possible good news on the labour market. Although LinkedIn probably only covers urban areas and certain fields like IT and Business.
Females are preferred world wide for factory jobs that don't require strength, like electronics assembly or sewing clothes for example.
I think the reason is females don't have aggression in them naturally, so no risk of strike and union powered factory riots bs.
 

Indrajit

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SII already has contract with Bill Gates foundation worth $2.5 Billion. He is simply trying to milk the situation to extract as much money from Govt as he can.
People pointed to him about this and told him what the Govt is actually capable of doing with his Institute, he came back to his senses.
The vaccine isn’t the property of Serum Institute of India. They are just the producers. As far as I know, the Gates foundation gave an $150 million grant which was used to offset SII’s own risk in starting production before the vaccine was approved fully. The Gates grant is connected to SII offering at low price, a certain amount of vaccines to other developing countries.

It still costs money to make the vaccines and except for highly urbanised sections of India, where exactly is the refrigation capacity to store so many vaccines as would be required if a pan India vaccination program was put in place. The figure is not off the mark. An all India vaccination of every person will cost quite a bit, I see no major disagreement with the costs mentioned. In any case, the government is only likely to fully subsidise for the elderly and the health workers. Everyone else would likely have to pay some amount. This is discounting the costs of the refrigation capacity required.

Twitter brings with it the problem of “super experts”. Complulsory licensing would not apply in this case because AstraZeneca is not charging any premium (in India) and is allowing sale at cost. The cost still needs to be borne. SII cannot by itself charge more, AZ allowing the license is connected to it being sold at almost cost of production.




SII had set a ceiling price of $3 (approximately Rs 225) per dose.
 
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Shashank Nayak

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Lets hope the momentum continues..


 

ezsasa

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Females are preferred world wide for factory jobs that don't require strength, like electronics assembly or sewing clothes for example.
I think the reason is females don't have aggression in them naturally, so no risk of strike and union powered factory riots bs.
clearly you haven’t met andhra blue collar as well as white collar female employees. :)
 

captscooby81

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Tata Motors reported its best month sales number in last 8 years with 20k units in Sept 2020 thanks to addition of some new models

Maruti reported its best month sales number in last 2 years 1.48 lakh units .

Bajaj auto reports growth of 20 % sales for its 2 wheeler .

KIA has now become 4th largest brand in India with just 2 models and 1 premium model selling 18k units

Mahindra Commercial vehicle sales decline, But posted strong 17 % growth in Farm equipment this is 5th straight month growth

Toyota sales have declined by 20 % even after trying rebadging of Maruti baleeno Lets see if Vitara Breeza rebadging does any help to Toyota next month (Remember that crying they did last month about taxes being very high in india for automobiles) :crazy:

The crucial festive season months kick starts now Oct-Nov is when Automobile brands try to gain their best numbers .

Lets see how they does in next 60 days .
 

captscooby81

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Auto sales numbers for Sep 2020

Apart from Toyota , MG , VW and Nissan every other brand posted positive sales growth numbers in sept

car-sales-sep-2020-1068x958.jpg


Hyundai CRETA posted its highest monthly sales ever since it was launched in 2015 . 10 lakh above segment is doing good numbers with CRETA ,SELTOS and Honda City

top-10-cars-sep-2020-vs-aug-2020.jpg
 

FalconZero

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Yo bois, good news :
I am seeing it in context with his recent unveil of cheaper Tesla batteries which he claimed can allow cheaper tesla cars, could get traction in places like Delhi, Mumbai + may push other car companies in India to move electric. Good thing overall.
 

Chandragupt Maurya

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Yo bois, good news :
I am seeing it in context with his recent unveil of cheaper Tesla batteries which he claimed can allow cheaper tesla cars, could get traction in places like Delhi, Mumbai + may push other car companies in India to move electric. Good thing overall.
Electric Cars will ultimately get so cheap that everyone in India wil have one , just like smartphones electric cars are the future
 

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