Indian Economy: News and Discussion

Chandragupt Maurya

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now that one side of the equation(I.e Govt intent) is addressed , other side of the equation needs to be addressed too(I.e business interest in using waterways). Otherwise waterways would just be white elephant later.

Find out what city merchant committees and industry saying about using waterways for transporting the goods. Not just at FICCI level, but lower down the hierarchy in cities and towns adjoining these waterways.
It’s not just about cost effectiveness and job creation or traffic jams but also about loss of human lives in road accidents and pollution both air pollution as well as noise pollution and also about saving the FOREX reserves which we use for importing crude oil
 

another_armchair

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Ya'll Nibbiars two days ago was coming to village a motorcycle wala was using not only the headlight full but was also using the led lights installed can't even see what was coming ahead. Then some how manages to see a truck was coming at high speed from behind. Just barely got away from a major accident's. And even today a rickshaws wala was driving any how within giving indicatior's and stopping in middle any how just like a idiot's.
LED headlights must be banned.

Bhai, tu paidal chalte huye bhi accident karwayega aur public jam ke teri kutaai karegi.
 

ezsasa

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It’s not just about cost effectiveness and job creation or traffic jams but also about loss of human lives in road accidents and pollution both air pollution as well as noise pollution and also about saving the FOREX reserves which we use for importing crude oil
yes mate, but all this happens only when businesses are interested in using the new means of transportation.

people are status quoists, their willingness to adopt to change matters a lot.
 

Chandragupt Maurya

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yes mate, but all this happens only when businesses are interested in using the new means of transportation.

people are status quoists, their willingness to adopt to change matters a lot.
Waterways and Coastline are like magnets to industries and with industries comes cities with dense population that’s why cities alongside coastline or waterways are most densely populated
Hubei in China is the best example it has GDP of 5 trillion Yuan (763 billion dollars) and is located on the bank river Yangtze which is equivalent of our Ganga or Brahmaputra River
 

ezsasa

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Waterways and Coastline are like magnets to industries and with industries comes cities with dense population that’s why cities alongside coastline or waterways are most densely populated
Hubei in China is the best example it has GDP of 5 trillion Yuan (763 billion dollars) and is located on the bank river Yangtze which is equivalent of our Ganga or Brahmaputra River
What you are saying is a sales pitch, I am asking what are the potential customer saying at the moment.
 

Nationalist Manasvi Papa

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Ya'll Nibbiars two days ago was coming to village a motorcycle wala was using not only the headlight full but was also using the led lights installed can't even see what was coming ahead. Then some how manages to see a truck was coming at high speed from behind. Just barely got away from a major accident's. And even today a rickshaws wala was driving any how without giving indicatior's and stopping in middle any how just like a idiot's.
biggest problem is majority in India keep their vehicle's headlight at High beam.
It makes me blind for a second or two and it is irritating to be honest.
 

sorcerer

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Tata Power commissions India's largest natural ester filled power transformer in Mumbai Transmission Network

Tata Power, India’s largest integrated company is committed towards ensuring safety and sustainability for its stakeholders, environment and the community. In line with this commitment, Tata Power has announced the commissioning of India’s largest natural ester filled 110 /33 / 22 kV, 125 MVA power transformer in the Mumbai Transmission network at the BKC receiving station in active collaboration with ABB and Cargill.


The natural esters used in these transformers have a high fire point (350 degree Celsius) and eliminate the risk of fire. The fluid is made from a carbon neutral renewable resource, is biodegradable, nontoxic and nonhazardous in soil and water. This fluid allows designing the transformer with increased capacity and reduced carbon footprint, making it an ideal solution for congested cities like Mumbai, as opposed to conventional mineral oil filled transformers.

 

indus

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Waterways and Coastline are like magnets to industries and with industries comes cities with dense population that’s why cities alongside coastline or waterways are most densely populated
Hubei in China is the best example it has GDP of 5 trillion Yuan (763 billion dollars) and is located on the bank river Yangtze which is equivalent of our Ganga or Brahmaputra River
This model helps export oriented industries. Both Europeans and Chinese have huge export industries. Thats why it makes sense to develop industry near ports. While ours is a consumption led economy. India shld definitely develop industrial clusters near coastal cities with industries catering to export clients.
 

Chandragupt Maurya

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This model helps export oriented industries. Both Europeans and Chinese have huge export industries. Thats why it makes sense to develop industry near ports. While ours is a consumption led economy. India shld definitely develop industrial clusters near coastal cities with industries catering to export clients.
Not just coastline but also along rivers , river Ganga and Brahmaputra for example these rivers are linked with Kolkata and Haldia port under NW1 and NW2 project these waterways also pass through Bangladesh
 

ezsasa

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How come Rajasthan is consuming so much oil?
far greater than states with similar tax revenues.

Screen Shot 2021-04-12 at 10.10.26 PM.png
 

Lonewolf

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How come Rajasthan is consuming so much oil?
far greater than states with similar tax revenues.

View attachment 85058
Through Rajasthan delhi mumbai highway pass , also lot of traffic from north to south vua gujrat use Rajasthan nh 8 , so maybe that is reason too.

My house is just 2 km from it , really a busy route ,even after six lanes
 

no smoking

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Lets say we take all money from 1% and distribute to 73% then those people will go out and buy stuff from various companies. Company owners will make lots of profit while those 73% give away their money, those profit makers will become new 1%
This is a mis-presentation of the logic. Here we are talking about the portion of national income or treasure allocated to different group of people, not who should be that 1%.

We have to understand here what is wealth. It is a state of resourcefulness. Wealth is not given but created. Money is product of wealth it can be given but only for a temporary period after that it is spent.
Again, this is another incorrect claim. This is not about how to give money but how you split this created wealth between different groups. It is just like a profitable company, employees want the company to use the profit to increase their salaries, management team wants a bigger bonus while shareholders want more dividend.

Since ancient times there have always been those who are more successful than others hance wealthy. This modern Idea of wealth inequality comes from communism. However even in Communist states there was a wide wealth disparity among ruling elites and comman workers.
No, the idea of wealth inequality existed long before communism. In ancient time, countries had started to deal with it in different ways: tax, expansion, etc. Communism is just one of political ideas trying to fix it from social structure forever.

There is no econmic model that ever existed or will exist where all people have equal wealth this is not possible. However living standards can be improved. To do that we need money which comes from economic wealth, that wealthy people create. So more wealthy people hance more money hance more job creation, more social programs hance higher living standards.
This total wrong analysis of the wealth inequality. The damage of wealth inequality is more on national and social level instead of individual:
One of the government duties is re-distribution of national wealth by providing public service, such as public school, public hospital and public transport to make sure the poor people can have relatively fair opportunities in society. These services are funded by tax. When the wealth starts to concentrate in few people's hands, government eventually has to increase the tax on the rich to fund these public services. These riches, however, have far more method to avoid their tax and far more political power (money is power) to influence the law. So, in long run, government's tax base is weakening. As the result, the improvement of public services become slower comparing to private services.

Meanwhile, when we talk about inequality, it doesn't mean more wealthy people but wealthy people become more wealthier. When people become millionaire, they will create more jobs domestically, but when they turn into billionaire, it is more likely they will start to invest overseas and create job outside the country. That is exactly what is happening in US.



We humans have biological feelings towards others humans who are doing better than us or worse than us. Its calld jealousy and pity. Thats what leftist politicians invoke. "Hey look a rich guy is driving AC BMW, where a poor labourer is on a bicycle." Such statements do invoke our feelings. We do feel tempted to correct the wrong, punish BMW guy, tax him to oblivion and then you realise that labourer doesn't even have a bicycle anymore because his employer is now bankrupt.
As a group of people with similar income and background, we also have social feelings towards other groups of people. We maybe ok with the fact that rich people is earning thousands times more than us. But we will not be ok if our kids will be as poor as us just because they have to study in public school.
 

sorcerer

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India's 1st floating LNG storage & regasification unit arrives in Maharashtra - ET EnergyWorld

Mumbai: India's first Floating Storage and Regasification Unit (FSRU) has arrived at H-Energy's Jaigarh Terminal in Maharashtra.

In a statement, H-Energy said the FSRU 'Hoegh Giant', which sailed from Keppel Shipyard, Singapore, was berthed at Jaigarh terminal in Maharashtra on Monday.

 

Haldilal

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India's 1st floating LNG storage & regasification unit arrives in Maharashtra - ET EnergyWorld

Mumbai: India's first Floating Storage and Regasification Unit (FSRU) has arrived at H-Energy's Jaigarh Terminal in Maharashtra.

In a statement, H-Energy said the FSRU 'Hoegh Giant', which sailed from Keppel Shipyard, Singapore, was berthed at Jaigarh terminal in Maharashtra on Monday.

Ya'll Nibbiars many more FPSO are already under construction or planned.
 

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