Indian Economy: News and Discussion

Lonewolf

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I’ve heard we have one of the largest oil reserves in the world, is that true?
Neh ,us has more oil reserve ,how can we have , look at our geography ,most suitable for marine life survival ,

Oil reserve are present where there was once a mass death of sea animal , generally .
 

ezsasa

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Fuel prices will soar much more, it will adversely affect us, we should focus more on domestic production more and stop exporting petrol and diesel to other countries which we produce by refining oil. Hydrogen is the only solution and there should be maximum focus on Hydrogen mission as even Lithium dependence will make us dependent on South American countries. Why not get oil from Venezuela now? Its already very cheap and will help improve bilateral ties.
How will they increase if the cap on GST is 28%?

Right now only available mass producible alternative is electric vehicles.

Venezuela is on sanction list.
 

Flying Dagger

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I’ve heard we have one of the largest oil reserves in the world, is that true?
Where in India ?

We don't have as of now but we do have material for nuke energy just need to develop capability and tech to use it.

we are blessed with Solar thermal hydro wind energy resources which are renewable and everlasting much better than oil .
 

FalconSlayers

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Where in India ?

We don't have as of now but we do have material for nuke energy just need to develop capability and tech to use it.

we are blessed with Solar thermal hydro wind energy resources which are renewable and everlasting much better than oil .
Biggest thorium reserves are with us, yet we are not having nuke reactors that much, we need atleast 10 more Nuke reactors to give energy to all homes 24/7.
 

here2where

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And centre already gives 41% of revenues to states to offset their existing revenue loss due to GST.
how accurate are bengal fin min's comments then?

"The highest slab for GST is 28 percent. If implemented, the Centre would only get 14 percent of the total revenue."

"Under GST, revenues are divided equally between the Centre and states, while cesses, which account for up to 70 percent of the central taxes on petrol and diesel at present, are not shared with states"
 

Haldilal

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Ya'll Nibbiars Synthetic Oil and probably a mixture of Bio and Petroleum could reduce our dependence's.
 

LondonParisTokyo

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I’ve heard we have one of the largest oil reserves in the world, is that true?
Fracking is the answer to all of the problems. Fracking in itself is an industry which will create bountiful economic activity. Yes, there will be pollution. With the money generated in becoming an oil surplus country, it will lead to a TANK in oil prices. That can be used to build even basic water recycling and purification infrastructure that presently, does not exist. It's long term 5-10 year strategic thinking that is needed and fracking is the way to go.
 

Haldilal

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Bio fuel yes
Ya'll Nibbiars probably a mixture of 25 percent Bio 25 Percent Synthetic and 50 percent petrol will reduce the daily 60 lakhs projected Barrels by half and we are able to produce 10 lakhs barrels then out import would be just 20 lakhs barrels instead of 40 lakhs barrel currently daily.
 

Cheran

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Haan BC yahi dekhna baaki reh gaya thha...
Fuck It.

What is the use of us getting worried us CCP attempts at our power grid/IT assets. More blood pressure. If the f1ucking decision makers do not feel it, then what is the use.

IF true, looks like we are back to having CCP entities back (may be part of deal).

:rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage:
 

Edinburgh

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I’ve heard we have one of the largest oil reserves in the world, is that true?

According to this, strategic reserves
US 727 million barrels
China 684 million barrels
Japan 324 million barrels
South Korea 286 million barrels
Germany 250 million barrels
India 132 million barrels

EU countries have a strategic reserve of 90 days.
 

Lonewolf

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Fuck It.

What is the use of us getting worried us CCP attempts at our power grid/IT assets. More blood pressure. If the f1ucking decision makers do not feel it, then what is the use.

IF true, looks like we are back to having CCP entities back (may be part of deal).

:rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage: :rage:
Better they are manufacturing here , just need to make sure they procure most components from local manufacturer
 

ladder

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Ya'll Nibbiars probably a mixture of 25 percent Bio 25 Percent Synthetic and 50 percent petrol will reduce the daily 60 lakhs projected Barrels by half and we are able to produce 10 lakhs barrels then out import would be just 20 lakhs barrels instead of 40 lakhs barrel currently daily.
Both synthetic petrol derived from Syngas and Petrol obtained from CTL or coal liquification would help in cutting our dependency on the OPEC.
 

Haldilal

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According to this, strategic reserves
US 727 million barrels
China 684 million barrels
Japan 324 million barrels
South Korea 286 million barrels
Germany 250 million barrels
India 132 million barrels

EU countries have a strategic reserve of 90 days.
Ya'll Nibbiars during war or emergency the natural use would be lower least say 70 percent. Then by that thoughts we have startegic reserves for 40 days. Japan has starteguc reserves for almost 120 days by that sense. And China has for 90 days. Well recently we have able to achieve this and further It will increase to more than double. Then we would have startegic reserves for 70 days.
 

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