Indian Economy: News and Discussion

[HariPrasad-1]

Do you want to know the real cost price of 9 watt LED?

Yes please.

 

[Haldilal]

Ya'll Nibbiars always remember.

 

[FalconSlayers]

 

[FalconSlayers]

 

[FalconSlayers]

 

[FalconSlayers]

 

[FalconSlayers]

 

[Lonewolf]

That's 20 billion or so , china collects 150 billion monthly

 

[FalconSlayers]

He says that his family is in BJP (maybe in ministry), so the 2nd route will be extended to Agra, will be a gamechanger.

 

[sorcerer]

India's eight core industries see production rise in March

On a sector specific basis, the output of coal, which has a weight of 10.33 per cent in the index, showed a decline of 21.9 per cent in March 2021 over the same month of the previous year.

Similarly, the output of refinery products, which has the highest weightage of 28.04, declined 0.7 per cent compared to the corresponding month of the last fiscal.

Electricity generation, which has the second highest weightage of 19.85, however, rose by 21.6 per cent, whereas the steel production was down 23 per cent over last month.

The extraction of crude oil, which has an 8.98 weightage, declined by 3.1 per cent during the month under consideration.

However, the sub-index for natural gas output, with a weightage of 6.88, rose by 12.3 per cent.

Cement production, which has a weightage of 5.37, also rose by 32.5 per cent in the month under review.

Fertiliser manufacturing, which has the least weightage -- only 2.63 -- fell by 5 per cent.

India's eight core industries see production rise in March

Indias eight major industries saw output surge during March 2021, official data showed on Friday.

www.sify.com

 

[Vaibhavseafarer]

Ya'll Nibbiars always remember.
View attachment 87850

Nobody gives shit about this mate.Check chinese phone maker's Twitter account.
Literally our fellow citizens are begging for their phone.
And we DFI members expect discipline from them.

 

[FalconSlayers]

Food Processing Ministry floats EoI for PLI scheme

Selected applicants will get sales-based sops after fulfilling fresh investment target

www.thehindubusinessline.com

 

[ezsasa]

Hero Group is investing in startups.

Hero Electronix Ventures - Tessolve, MyBox, Zenatix, Connected Devices

Hero Electronix businessess includes Tessolve which is disrupting semiconductor engineering services, MyBox - a smart android set top box manufacturing firm, Zenatix is an Enterprise IoT solutions provider and connected IoT devices.

www.heroelectronix.com

 

[Rxbanda]

Modi tweaks rules to favour Adani in ₹45,000 crore submarine deal

As Indian masses struggle through recession, inflation and unemployment, PM Modi goes beyond rules to hand over ₹45,000 crore submarine project to close friend Gautam Adani.

www.nationalheraldindia.com

Any truth in this? I remember reading last year that Adani was out of race for this, and L&T bagged it

 

[Haldilal]

Modi tweaks rules to favour Adani in ₹45,000 crore submarine deal

As Indian masses struggle through recession, inflation and unemployment, PM Modi goes beyond rules to hand over ₹45,000 crore submarine project to close friend Gautam Adani.

www.nationalheraldindia.com

Any truth in this? I remember reading last year that Adani was out of race for this, and L&T bagged it

Ya'll Nibbiars when last time tata won the central Vista parliament contract same thing happened. Nothing new if you do business with the GOI. You then become the Modi chacma.

 

[another_armchair]

Modi tweaks rules to favour Adani in ₹45,000 crore submarine deal

As Indian masses struggle through recession, inflation and unemployment, PM Modi goes beyond rules to hand over ₹45,000 crore submarine project to close friend Gautam Adani.

www.nationalheraldindia.com

Any truth in this? I remember reading last year that Adani was out of race for this, and L&T bagged it

National Herald is run by Congress. Quoting NH is akin to quoting Surjewala or Pappu.

 

[another_armchair]

SC strikes down WB law on regulating real estate, holds it unconstitutional

The judgement came on a plea of ‘Forum For People's Collective Efforts’, a homebuyers association, challenging the constitutional validity of the WB Housing Industry Regulation Act, 2017

www.livemint.com

 

[fire starter]

 

[warriorextreme]

Dell, Foxconn, Lava, 16 other firms apply under PLI scheme for IT hardware

Production of Rs 1.6 trn and exports of Rs 60,000 cr expected over next 4 years, says govt

www.business-standard.com

Dell, Foxconn, Lava, 16 other firms apply under PLI scheme for IT hardware

A total of 19 companies have filed applications under the production linked incentive (PLI) scheme for IT hardware, including Dell, Rising Stars Hi-Tech (Foxconn) and Lava.

The other electronics hardware manufacturing companies that have applied under category IT hardware companies are ICT (Wistron) and Flextronics, said an official statement.

The target IT hardware segments under the proposed scheme include laptops, tablets, all-in-one personal computers (PCs) and servers. The scheme proposes production linked incentives to boost domestic manufacturing and attract large investments in the value chain of these IT Hardware products.

Over the next four years, the scheme is expected to lead to total production of about Rs 1.60 lakh crore. Out of the total production, IT hardware companies have proposed a production of over Rs 1.35 lakh crore, and domestic companies have proposed a production of over Rs 25,000 crore.

Out of the total production of Rs 1.60 lakh crore in the next four years, more than 37 per cent will be contributed by exports of the order of Rs 60,000 crore, the ministry said in its statement.

The scheme will bring additional investment in electronics manufacturing to the tune of Rs 2,350 crore and generate around 37,500 direct employment opportunities in next four years along with creation of additional indirect employment of nearly three times the direct employment.

Further, 14 companies have filed applications under the category Domestic Companies which include Dixon, Infopower (JV of Sahasra and MiTAC), Bhagwati (Micromax), Syrma, Orbic, Neolync, Optiemus, Netweb, VVDN, Smile Electronics, Panache Digilife, HLBS, RDP Workstations and Coconics.

These companies are expected to expand their manufacturing operations in a significant manner and grow into national champion companies in IT Hardware production, said the IT Ministry statement.

The PLI scheme for IT hardware was notified on March 3, 2021. The scheme extends an incentive of 4 per cent to 2 per cent/1 per cent on net incremental sales (over base year of FY 2019-20) of goods under target segments that are manufactured in India to eligible companies, for a period of four years (FY 2021-22 to FY 2024-25).

 

[HariPrasad-1]

Modi tweaks rules to favour Adani in ₹45,000 crore submarine deal

As Indian masses struggle through recession, inflation and unemployment, PM Modi goes beyond rules to hand over ₹45,000 crore submarine project to close friend Gautam Adani.

www.nationalheraldindia.com

Any truth in this? I remember reading last year that Adani was out of race for this, and L&T bagged it

Modi neither favor any one or target any one. When Reliance did not produce sufficient oil ,Modi fine reliance Rs 11000 crore.

Govt slaps Rs 10,000-crore fine on RIL for using ONGC's migrated gas

RIL's shares were down over 1.5% while ONGC's shares were up over 1% on Friday.

www.dnaindia.com