Indian Economy: News and Discussion

[FalconSlayers]

Silicon can be extracted from sand
That is not the problem, the problem is making a 6ft tall 30cm diameter perfect silicon crystal/ also called ingot from which 30cm diameter wafers are cut using a special saw to ensure both top and bottom sides are smooth.
Upon these wafers are the chips made, around 100-150 I think.
Good for us the Wafers can be imported, most fabs get their wafers from a 3rd party company or another facility, wafers not produced in the foundry, foundry is only for fabricating the chips.

Silicon can be extracted from sand? You need pure Silicon found in USA, China, Taiwan and South Korea.

 

[Suryavanshi]

@shade the key is still lithography machine and dyeing machines.
One would say it's really hard to make it and better buy from existing one tha reinvent the wheel but I don't think it would hurt to make an attempt.
Involve all the experts in the field and try to make those tech ourselves, 10 to 20 years later we will definitely catch up

 

[shade]

@shade the key is still lithography machine and dyeing machines.
One would say it's really hard to make it and better buy from existing one tha reinvent the wheel but I don't think it would hurt to make an attempt.
Involve all the experts in the field and try to make those tech ourselves, 10 to 20 years later we will definitely catch up

Get the chip production up and running first, then we can focus on making the machines and producing the ingots.
It's not like the Chings who have been cockblocked by Uncle Sam from importing the latest machines from Lam Research or ASML.
We are poor so we will buy second hand machines for 24-20nm process, no need to go for the 10nm and below sexy process node so fast.

 

[Lonewolf]

@shade the key is still lithography machine and dyeing machines.
One would say it's really hard to make it and better buy from existing one tha reinvent the wheel but I don't think it would hurt to make an attempt.
Involve all the experts in the field and try to make those tech ourselves, 10 to 20 years later we will definitely catch up

I once read about 3 d printing of these chips with multiple printing arm , I don't know whether it is still persued or not but i saw it again in some post here too

 

[sorcerer]

India's oilmeal exports jump 51 pc in FY21

IBEF: May 20, 2021


According to Solvent Extractors' Association (SEA), the country's oil meal exports increased by 51.44% to 36.8 lakh tonne in FY21 from 24.3 lakh tonne in FY20, attributable to a significant increase in soybean meal shipments.

Oil meal exports almost doubled in value to Rs. 8,850 crore (US$ 1.21 billion) in FY21 from Rs. 4,450 crore (US$ 608.91 million) in FY20.

Oil meals are used in poultry and other industries as animal feed. According to SEA, soybean meal exports increased to 15.64 lakh tonne in FY21, up from 6.92 lakh tonne in FY20.

Similarly, rapeseed meal exports increased to 11.13 lakh tonne from 9.61 lakh tonne in the same period, while rice bran extension exports increased to 5.76 lakh tonne from 2.36 lakh tonne.

According to the SEA, India exported a record 5.76 lakh tonne of rice bran extraction in FY21, driven by rapid demand from Bangladesh as a result of their rice crop failure.

Castor seed meal exports stood at 4.19 lakh tonnes in FY21.

As per SEA, the export performance of soybean meal during the first half of FY22 is projected to be lesser since India is entirely outpriced in the international market due to high domestic soybean prices.

It indicates that, due to lower soybean meal exports, domestic availability will be higher for the domestic feed business, the report stated.

India is a strong supplier to South Korea, Vietnam, Thailand, and other Far East countries; thus, rapeseed meal exports are likely to remain unchanged from last year. Castor seed meal exports are also predicted to be at the same level as last year.

Apart from the US, the main export markets for Indian oil meals include Southeast Asian countries, the Middle East, and European countries such as Germany.

 

[sorcerer]

India ranks third in Renewable Energy Country Attractiveness Index

IBEF: May 20, 2021


On Wednesday, India climbed up rank to third place in EY's Renewable Energy Country Attractiveness Index, driven by strong performance in solar PV, with solar PV capacity expected to surpass coal before 2040.

The US ranks at the top of the Index and is anticipated to maintain that position. China has continued to be a major market, maintaining second place with 72.4 GW of new wind power estimated for 2020.

Somesh Kumar, Partner and National Leader, Power & Utilities, EY India, said, “India has jumped one spot from its previous position in the ranking, owing to its outstanding performance in solar PV. India's installed solar PV capacity has increased to 39 GW, nearly exceeding wind capacity for the first time.”

He added that solar PV's economic value and strong competition from the private sector have resulted in record-low tariff offers.

India's solar market is projected to grow rapidly, with solar PV generation predicted to surpass coal before 2040, owing to the government's policy aspirations, which have made solar PV a cost-competitive source of power in the region, which is likely to improve further with the passing time.

Despite the effects of the global COVID-19 pandemic, global renewable energy capacity investments increased by 2% to US$ 303.5 billion in 2020, the second-highest annual number ever reported.

Future development to attain net zero would demand an additional US$ 5.2 trillion investment, highlighting the importance of institutional investors in supporting the energy transition.

Mr. Ben Warren, EY Global power and utilities corporate finance leader and report’s chief editor said, “The economic impact of the pandemic appears to have refocused investors' attention... As a result, institutional investors have agreed to bring climate-risk concerns into their decision-making strategies, resulting in new investment models for renewable energy development.”

Japan and South Korea, both in East Asia, were ranked eighth and seventeenth, respectively. According to the report, East Asia has a significant stream of clean-energy projects, with over 800 shovel-ready schemes totalling US$ 316 billion in investment potential.

 

[sorcerer]

GI certified Gholvad sapota from Maharashtra finds its way to the UK


A consignment of Dahanu Gholvad sapota (naseberry) has been exported to the United Kingdom from Maharashtra’s Palghar district, providing a major boost to shipments of Geographical Indication (GI) certified products from India.

GI certified Gholvad sapota from Maharashtra finds its way to the UK

The sweet fruit has a unique taste derived from the calcium rich soil in the State's Palghar district

www.thehindubusinessline.com

 

[sauntheninja]

New investment projects announced fell by 68% in FY21

The fall in investment was expected since the government appeared to be the main driver and private sector contribution was limited, it said. While government companies dominated GFCF at 58% till FY17, their share saw a continuous downtrend, settling at 32% in the last fiscal year.

economictimes.indiatimes.com

 

[fire starter]

Get the chip production up and running first, then we can focus on making the machines and producing the ingots.
It's not like the Chings who have been cockblocked by Uncle Sam from importing the latest machines from Lam Research or ASML.
We are poor so we will buy second hand machines for 24-20nm process, no need to go for the 10nm and below sexy process node so fast.

https://www.iitmandi.ac.in/research/intel_project_report.php

 

[sorcerer]

EPFO adds 11.22 lakh net subscribers in the month of March, 2021

Total 77.08 lakh net subscribers added under EPFO during FY 2020-21

Posted On: 20 MAY 2021 7:14PM by PIB Delhi



The provisional payroll data of EPFO has been published on 20th May, 2021 highlights that EPFO has added around 11.22 lakh net subscribers in the month of March, 2021. Despite Covid-19 pandemic, cumulative net payroll addition for FY 2021 is almost at par with last year, with 77.08 lakh net additions to subscribers base.


Quarterly analysis of payroll for the FY 2020-21 indicates that net subscribers addition improved consistently from 2nd quarter after taking hit in the 1st quarter due to crisis of Covid19 pandemic. Maximum improvement of 33.64 lakh net subscribers was observed during the 4th quarter (Jan-March, 2021) with a growth of 37.44% as compared to the third quarter (Oct-Dec, 2020).


Of the 11.22 lakh net subscribers added during the month of March 2021, around 7.16 lakh new members have come into the social security ambit of EPFO for the first time. Around 4.06 lakh net subscribers exited and then rejoined EPFO by switching their jobs within the establishments covered by EPFO and choosing to retain membership through transfer of funds rather than opting for final settlement.


The data of exited members is based on the claims submitted by the individuals/establishments and the exit data uploaded by employers, whereas number of new subscribers is based on the Universal Account Number (UAN) generated in the system and has received non-zero subscription.


Age wise data of payroll shows that the age-group of 22-25 has registered highest number of net enrollments with around 3.14 lakh net subscribers addition in the month of March, 2021. This is followed by age-group of 18-21 with around 2.29 lakh net enrollments. The members of 18-25 age-groups have contributed around 48.44 % of the net subscriber additions in March 2021. Members of these age-groups are considered as fresh hands in the market and signifies a crucial stage for an individual’s potential in terms of earning capacity.


Gender-wise analysis of FY 21 reflects an upward swing in ratio of net female subscribers addition to the total net additions, from the month of October, 2020 till end of the FY 2021. In the month of March, 2021, around 2.42 lakh net female subscribers have been added, which is 21.56% of total net addition during the month.


Among the main industries, Iron ore mines, Courier services, Restaurants, Road Motor Transport, Petroleum & Natural gas refining , Iron and steel and establishments engaged in manufacture, marketing and usage of computers have seen positive growth in terms of net member addition in the month of March, 2021 as compared to net subscribers additions in February, 2021.


The payroll data is provisional since the data generation is a continuous exercise as updation of employee record is a continuous process. The previous data hence gets updated every month. Since April, 2018 EPFO has been releasing payroll data covering the period September 2017 onwards. The data published comprises of members who have joined during the month and whose contribution has been received.

 

[sauntheninja]

Promoting Defence Exports | Manohar Parrikar Institute for Defence Studies and Analyses

India’s defence eco-system is indeed becoming more dynamic as it strives to achieve the tough defence exports targets.

www.idsa.in

India’s defence exports during 2015-20 grew at a cumulative annual growth rate (CAGR) of 35 per cent — from around Rs 2,000 crore to Rs 9,000 crore. The Ministry of Defence (MoD) has set an ambitious defence exports target of Rs 35,000 crore by 2025

 

[sauntheninja]

Setback for PLI scheme on IT hardware as peeved manufacturers cut investment commitments

Manufacturers are piqued over the low incentive structure of the scheme which offers only 1%-4% reward and does not compensate for the disabilities of shifting production to India of duty-free products like laptops, tablets and data servers from countries like China and Taiwan.

economictimes.indiatimes.com

so the news is true then

 

[shade]

Setback for PLI scheme on IT hardware as peeved manufacturers cut investment commitments

Manufacturers are piqued over the low incentive structure of the scheme which offers only 1%-4% reward and does not compensate for the disabilities of shifting production to India of duty-free products like laptops, tablets and data servers from countries like China and Taiwan.

economictimes.indiatimes.com

so the news is true then

Wonder if sarkar will modify the scheme to increase the percentage of gibs being given or they will tell the corporates to just #DealWithIt.
I think the latter.

 

[Lonewolf]

Wonder if sarkar will modify the scheme to increase the percentage of gibs being given or they will tell the corporates to just #DealWithIt.
I think the latter.

Or just some duty on imports along with some more gibs

 

[shade]

Or just some duty on imports along with some more gibs

We are signatory of ITA-1 agreement signed in 1996, according to that no import duties can be applied on computer maal.
I mean they can apply import duties, we are a sovereign country, but that would cause a WTO case clusterfuck.
Other methods need to be applied to "persuade" laptop and computer makes to not shamelessly import finished boxed laptops and pc's from China.

 

[sauntheninja]

We are signatory of ITA-1 agreement signed in 1996, according to that no import duties can be applied on computer maal.
I mean they can apply import duties, we are a sovereign country, but that would cause a WTO case clusterfuck.
Other methods need to be applied to "persuade" laptop and computer makes to not shamelessly import finished boxed laptops and pc's from China.

why did we sign such a dumb agreement?

 

[FalconSlayers]

Another cyclone Yaas to hit West Bengal, RIP Indian Economy, lol.

 

[SimplyIndian]

why did we sign such a dumb agreement?

Why did khangress signed mou with china

 

[SimplyIndian]

Does anyone think Population register is wip with vaccination? One teer many goals

 

[sauntheninja]

Why did khangress signed mou with china

from 2000-2010 we had the highest growth rates our country had ever seen