Indian Economy: News and Discussion

Maharaj samudragupt

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That's like opening the pandora's box.

What about crude producing states like Assam, Rajasthan, Gujarat?

The state of Assam -

Iron ore, coal and other mineral producing states?

Most mineral producing states get nothing in return other than scorched earth and loss of habitat.


What about tax revenue from IT/ITES exports? Won't they also make similar demands?

Who enjoys most from the crude produced in Assam? Does IOCL pay spot price to the state? Have you seen the lavish lives these blokes lead? The pilferage, corruption etc runs into a few 100 crores easily. The local population forms a fairly small part of the workforce. Most of the executive level posts are cornered by people from different parts of India, including people from Bihar. If we apply your logic here, Assam has a fit case to secede no? Same with Rajasthan or other mineral rich states of India.

We export iron ore for crumbs to China but Indian steel companies are denied access to captive mines within the country.

OTOH, several thermal captive power plants came up in Sundargarh district of Orissa. The place which was once verdant and serene is now pockmarked with mining and captive power plants. The air is smoggy. The coal reserves in that region are said to be the largest in all of Asia and only a fraction of it has been tapped. Good quality coal is available at depths of 10-15 feet. You see truck/tractor loads of coal being illegally mined every day but forest officials have to look the other way because the trucks belong to the forest minister or someone from his party. But the same forest guards must stop a tribal or a villager from carrying a block of coal for his daily use.

Same in Bengal. Free/subsidized electricity has resulted in most coal mines running at huge losses because the state electricity boards don't have any money to pay them.
Then you have yes men paying crores as bribe to be appointed as Chairman/MD of these PSUs.

Have displaced tribals or rural poor got their due from the Govt in the past? In most cases, no.

Public or private, either way, there's loot. You just have to look the other way because if you decide to fight against this injustice, you will be branded a Maoist or a naxal. As there is some generation of taxes for the Govt., they let this continue but how much of it trickles down to the real inhabitants of the affected region?


It is only in the recent past that CIL has offered to pay a respectable sum to Jharkhand Govt.

Corporates(Govt or Private) will simply pillage the land for free, give little to nothing in return and pack off when its time to down the shutters.
Calm down , lets not make it a issue .
End it here.
 

Chandragupt Maurya

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AMCA

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Lonewolf

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4 days, 6 unicorns, $1.55 billion — A week like none other for Indian startups

@Haldilal will you give some insight on shich of these startup have a opportunity and sustainable buisness model.


I think you have lot of knowledge on all these
 

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
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@Haldilal will you give some insight on shich of these startup have a opportunity and sustainable buisness model.


I think you have lot of knowledge on all these
Ya'll Nibbiars one of the basic rules of investment never investing in a product or concept which has high risk. And Start ups normally comes with high risks. And for that needs a pacific types of ventures there are many each with different portfolio and different investment plan's. But when a start up's concept matures it gains traction that the difference phases of a firm.

1. Initial stage.

2 . Struggling phase.

3 . Initial Maturation stage.

4 . Expansion. Stage.

5 . Matured stage.

6 . Competitive stage.

7 . Market leading phase.

8 . Market losing stage.

9 . Dying phase.

Every firms goes to this various stages in different sequences.

Every start up in India is supported by foreign funds. The Indians investment firms are smaller, less risk taking. And can't fund on the larges scale as the foreign firm's.

The start ups concept is not new but a repacked during the 90's.

Not every firm can mature and survive. And but what ever one's are they become like a regular firm. And rather than innovation are driven by balance sheet. And unless the competition is extremely competitive's.
 

Haldilal

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Ya'll Nibbiars the help of the Start up's which raises funds last week wi eventually cease to exist, Merged's, acquired's or sold. But that how the sector work's.
 

Chandragupt Maurya

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Bhai tum location btao; main fawda leke nikal padta hun🤣🤣🤣🤣
It’s a naxalite held terrain in Nalanda , Gaya and Munger district 57% of the gold reserves of India are in these 3 districts alone and it’s the primary gold ore
this immense amount of wealth belongs to you and your people it belongs to state of Bihar and it’s people
 
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Bhumihar

Cheeni KLPDhokebaaz
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It’s a naxalite held terrain in Nalanda , Gaya and Munger district 57% of the gold reserves of India are in these 3 districts alone this immense amount of wealth belongs to you and your people it belongs to state of Bihar and it’s people
Bruv none of those are naxal affected just hooligan affected
 

IndianYonko

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It’s a naxalite held terrain in Nalanda , Gaya and Munger district 57% of the gold reserves of India are in these 3 districts alone and it’s the primary gold ore
this immense amount of wealth belongs to you and your people it belongs to state of Bihar and it’s people
Bro, from where you are? Definitely not from Bihar, right? I can tell you for sure, that here in Nalanda few Yadav ji do goondagardi, but they are definitely not naxals.
 

Chandragupt Maurya

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Bruv none of those are naxal affected just hooligan affected
It’s the primary gold ore means it’s the best quality ore with highest amount of gold
Following are the characteristics of Primary Gold ore
• large tonnage (millions of tonnes)
• low grade (2-8 ppm) & fine grained gold (tens of microns)
• low purity gold (10-15% silver), jagged, sharp & spiky
 

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