Indian Economy: News and Discussion

Cruise missile

Tihar Jail
Banned
Joined
Nov 30, 2020
Messages
1,742
Likes
9,785
Country flag
Under Sagarmala Project, the Modi Govt is developing SEZ at Nhava Sheva Port (JNPT), Navi Mumbai with big capital investments for infra upgrades. The SEZ plans to attract an investment of ₹4,000 Cr+ and generate 72,600 direct jobs & 1.5 lac jobs in total.
 

Cruise missile

Tihar Jail
Banned
Joined
Nov 30, 2020
Messages
1,742
Likes
9,785
Country flag
To push PM Modi's Aatma Nirbhar Bharat, the Gujarat Govt launches 8 New Industrial Estates to push manufacturing of medical devices, auto ancillary, ceramics, toys & engg products. The Estates will provide ₹1223 Cr Capital Investment and 20,000 new jobs.
 

DerBronzeLord

Regular Member
Joined
Jan 21, 2021
Messages
504
Likes
1,804
Country flag
Bengaluru Mission 2022: Karnataka plans to overhaul city infra

Unveiling ‘Bengaluru Mission 2022’ on Thursday, Karnataka Chief Minister B S Yediyurappa presented various plans to make the city “one of the best in the world” within two years to mark 75 years of independence.

The CM explained that the initiative will be focussed on four major areas of challenge in infrastructure renovation for Bengaluru, namely enabling faster commute, providing a cleaner and greener city, and connecting citizens to the city by providing access to various services and to experience its culture and heritage.

“Bengaluru is among the four leading technology hubs of the world and home to many Fortune 500 companies. It is the priority of our government to provide world-class infrastructure to make Bengaluru a global city,” Yediyurappa said.

The CM highlighted that traffic congestion in the city has increased four folds in the last two decades. “Today there are around 84.5 lakh vehicles registered in Bengaluru. It is intended to encourage public transport usage, speed up Namma Metro and suburban railway project along with construction and maintenance of good roads and smart traffic management to make commuting easier and faster,” he remarked.

According to officials, the key initiatives that will be taken up as part of the project include: Development of 12 high-density corridors (totalling 190 kms) by Karnataka Road Development Corporation; installation of synchronous signal lights; promotion of shared electric vehicle mobility; faster completion of metro projects; expanding bus priority lanes; and operationalisation of suburban rail to ease traffic and reduce pollution

Meanwhile, in a bid to ensure a greener city, the government has decided to prioritise creating clean waterways and lakes. Elaborating on the plans, BBMP Administrator Gaurav Gupta said two large tree parks, spanning across 400 acres each, would be developed. The mini forests in Turahalli, Kadugodi, JP Nagar, and Mathikere will also be developed and popularised,” he added.

Addressing the garbage menace of the city, the government has planned to “institutionalise” waste management system. Under the ‘Nanna Kasa Nanna Jawabdari (My Garbage My Responsibility) theme,’ community participation is promoted and citizens will be encouraged to adopt zero waste home concepts. The waste to energy plant being set up in Bidadi is expected to operationalise in two years,” the blueprint of the initiative read.

Further, Gupta added that the BBMP Sahaya portal would be redesigned as a one-stop portal for grievance redressal to make initiatives and services citizen-friendly. “To enable a 360-degree experience of the city’s heritage and culture, a museum will be set up at NGEF in an effort to make the migrant population residing in Bengaluru to get acquainted with the state’s culture,” he said.
 

another_armchair

Senior Member
Joined
Feb 28, 2019
Messages
1,727
Likes
7,638
Country flag

GM is offering higher than the statutory severance pay to its roughly 1,500 workers at the plant, amounting to nearly two years of salary and is willing to negotiate further, said a source with knowledge of the matter.
 

ezsasa

Designated Cynic
Mod
Joined
Jul 12, 2014
Messages
17,751
Likes
61,199
Country flag
GM’s exit is not a commentary on India, its more of a series of bad decisions made by GM management for years.
 

shade

Senior Member
Joined
Feb 28, 2016
Messages
5,263
Likes
26,362
Country flag
Posted it to highlight the coercive tactics of Maharashtra Govt.
i'd say let GM do whatever PR pressure tactics, if this plant was in UK or US there would be a similar article there too. nothing wrong in government looking after the interests of workers.
Who gives a sh*t, It's a flop company barely holding on to America.
Let Uddhav arm twist how much ever he wants to.
 

shade

Senior Member
Joined
Feb 28, 2016
Messages
5,263
Likes
26,362
Country flag

shade

Senior Member
Joined
Feb 28, 2016
Messages
5,263
Likes
26,362
Country flag
GM's randi rona is like that one Toyota wala doing RR about muh high taxes in India eating into muh sales when in reality Maruti-Suzuki and Hyundai still sell bonkers in this country inspite of taxes, so the problem is with Toyota's offerings, and not with muh extreme taxes.
Good the Kirloskar( JV with Toyota here ) bossman stepped in to do damage control .
 

DerBronzeLord

Regular Member
Joined
Jan 21, 2021
Messages
504
Likes
1,804
Country flag
Seems like sensex will be the first to touch 5 trillion cap even before economy then index will be 90000.
Yeahhhhh that ain't gonna happen. The present rally is a bubble. US Fed has reduced interest rates to near zero due to massive printing of money. Due to low interest, US investors are removing money from bonds there and putting it into emerging markets like India. Once the Fed stops printing and brings interest rates back, amreeki investors will pull out their money. The only thing which can realistically sustain this rally, and even expand it, is foreign inflow continuing. If the FM supports foreign inflows and makes it easier for phoren companies to collab with desi companies, expect this to continue. If not, the bubble will collapse in a year or two.
 

Latest Replies

Global Defence

New threads

Articles

Top