Indian Economy: News and Discussion

[sauntheninja]

Uddbhaw Thackeray will make sure that the bullet train doesn’t come to Maharashtra

Seems he dosen't like trains either way even metro is stuck

 

[FalconSlayers]

Seems he dosen't like trains either way even metro is stuck

I think BJP should‘ve had made Uddhav the CM as either way he was supposed to be a CM.
Old vid but some interesting facts, he got saved by Pandemic.

 

[Chandragupt Maurya]

Modi Government should work on Delhi-Lucknow-Patna atleast both Bihar and UP have BJP government so they may complete it on time it can be extended to Kolkata and Guwahati in future

 

[sauntheninja]

Modi Government should work on Delhi-Lucknow-Patna atleast both Bihar and UP have BJP government so they may complete it on time it can be extended to Kolkata and Guwahati later

Govt of India approves Rs 16,039 crore Pune-Nashik Semi High Speed Rail Project | Urban Transport News

Nashik, India (Urban Transport News): The central government cabinet has approved a proposal for the…

urbantransportnews.com

Meanwhile they approved this project

 

[FalconSlayers]

Govt of India approves Rs 16,039 crore Pune-Nashik Semi High Speed Rail Project | Urban Transport News

Nashik, India (Urban Transport News): The central government cabinet has approved a proposal for the…

urbantransportnews.com

Meanwhile they approved this project

Yes, Thackeray herself said that we will procure land only if bullet train runs between cities of MH only as “Modi is planning to take Mumbai industries to Gujarat with this Bullet train project” is what she said.

 

[sauntheninja]

Yes, Thackeray herself said that we will procure land only if bullet train runs between cities of MH only as “Modi is planning to take Mumbai industries to Gujarat with this Bullet train project” is what she said.

Is this even a busy route to make bullet trains feasible?

 

[gslv markIII]

@Marliii @Hariharan_kalarikkal sometimes I feel is the commie government in Kerala really commie?

lol, what where you expecting, Libreta stores?

I have been to Trivandrum many times, even I have family there
Some areas are basically Slums, the coastal regions to the south is very developed, even more so than some cities in North India

More of haphazard development rather than slum-ish.

Case in point-Sreekaryam. Where the ''engineering college'' is located. Nice houses, nice restaurants, supermarkets but why the hell are the roads so fcking narrow ???

 

[FalconSlayers]

Is this even a busy route to make bullet trains feasible?

There is a strict Lockdown in Uddhav Thackeray’s @$$, and usne iss vajah se ek saal se tatti nahi kari hai, isliye ab wo muh se hagta hai.

 

[gslv markIII]

Commies oppose Private business, can’t see that here, all private businesses seem to be flourishing.

Private business do flourish here- Malls, supermarkets (even in villages), auto dealerships, clothing/ jewellery stores, financial services or even IT.

Do not try anything related to manufacturing industry though, that's when the union scum starts poking their nose. Even warehousing is rather okayish.

 

[sauntheninja]

lol, what where you expecting, Libreta stores?



More of haphazard development rather than slum-ish.

Case in point-Sreekaryam. Where the ''engineering college'' is located. Nice houses, nice restaurants, supermarkets but why the hell are the roads so fcking narrow ???

i think you just described most of India

 

[Crazywithmath]

No, that is Indian traders' strategy. No manufacturer will sell his products in different brands simultaneously because it will significantly increase the cost. It is just the different importers put on their own brand when they purchase from the same factory.




How? India's overall performance doesn't convince people. Before Covid, India was only one of the low production cost manufacturing base, nothing more. Since Covid, India has been a disappointment to us. Even before the second wave, the recovery of Indian factories have been far behind the schedule. Every customer is screaming what is happening to our order. When we told them that the issues in India, they replies are "why don't you shift my order to China or SE Asia?". Under such circumstance, nobody is going to shut down their production elsewhere.



That is not up to India directly. Chinese didn't ask the companies to shut down the production in other countries, they simply proved that putting these production in China will bring more profit to these companies.

If you want to use Chinese strategy, sort out your own problem and prove you can offer more.

This is funny. So you mean to say China competed fair and never used unfair means, right? Even the CCP will laugh at you reading this.
Let me make one thing clear, China never believed in fair competition. All this stuff that ... muh we are India's friend ... muh we don't hate the Japs ......muh look Murica hates us so they are spreading propaganda ..... is utter nonsense. China wants obedient slave ( Pakis ) and not equal partners. Lemme explain.
1. The following is the case where they unsuccessfully tried to strangle India's domestic metro rolling stock industry by means of unfair predatory pricing. They (CRRC) were quoting prices so low that Indian and other global companies were literally getting wiped out of competition. Now to talk about some details the domestic rolling stock industry in India is by no means uncompetitive or anything. Alstom, Bombardier have large plants here. They even export more than half their production from India ( for instance very recently Montreal's metro coaches were exported from India ). Apart from that there are ICF ( largest rolling stock manufacturer in the world ), BEML and Titagarh ( the only Indian company who has the required technologies to make HSR rolling stock and also they have significant market share in European nations like Italy and France ). There is one other entity named MCF who are working on modern aluminium coaches. Besides, with the coming up of other companies, like - Medha, the rolling stock industry is only getting more competitive. The Chinese companies estimated all these. Thus, they started quoting astronomically low prices just to destroy domestic companies. All this changed very recently when the authorities finally decided to act upon and started arbitrarily disqualifying Chinese companies (especially after Galwan clash). CRRC's contract for Bengaluru metro is the last they have ever received here and since then no contract has been awarded. They even promised local manufacturing for Nagpur metro just to get the contract only to make 180 degree flip after winning the tender, lol. The following video explains it well,

2. This is what China did to Japan back in 2010 following bitter diplomatic tensions.

China Bans Rare Earth Exports to Japan Amid Tension

Escalating a dispute over Japan’s detention of a Chinese fishing trawler captain, China placed a trade embargo on all exports to Japan of some crucial rare earth elements. The New York Times reports.

www.cnbc.com

3. China also tried to destroy the domestic two wheeler industry of India back in the past by using the same tactic - predatory pricing! However in this case also they were unsuccessful and this is also one of only a handful number of segments where the Chinese companies completely lost out to India's domestic companies. They never came back again. Worse, they were kicked out of Africa and Latin America by those same Indian companies.

How one Indian industry beat China at manufacturing and created a global footprint

Business News: Get the latest Business News, Live Share & Stock Market Updates, Top News from India and across world. Read Top Business News and updates on financial, economic and banking news on CNBCTV18.

www.cnbctv18.com

4. There is also one other segment where they used coercion to destroy India's domestic industry. Back in the 90s India used to be a global leader in API and bulk drug manufacturing segment. That is exactly when China entered the party and literally snatched the global manufacturers. The cucks in the union government did nothing and sat idle. The effect was felt in 2008 when Beijing stopped producing them temporarily to keep air pollution under check during the Olympics putting the giant Indian pharma industry on knees. LOL. Only recently the government again started trying luring them back to India. Only time will tell whether the effort is successful or not. As for how exactly the Chinese destroyed the domestic industry in India; well it requires a separate post and will discuss later with good details.
Now don't get me wrong, I don't necessarily hate them or anything for doing these. How they routinely violate WTO provisions, show utter disregard towards international standard protocols, arbitrarily put up non trade barriers to keep foreign companies out and cry a river when that same thing is done against them, subsidise domestic manufacturing against export (again violating international standards) and above all, still get away with all this mess deserves praise only. The OP probably pointed towards all these wrongdoings and wanted Indian government to follow suit and that is when you started giving lectures on productivity and efficiency. I completely lose my shit every time Chinese guys claim that they became the factory of the world fair and square; with productivity and efficiency. I don't care what you guys do but just do not pretend to be innocent.
Also on a side note- No, India's factory output recovery was well on course before Corona Chang came with the second wave; so much so that it even exceeded the government's own expectations. PMI data and other high frequency indicators were pointing towards this direction.

 

[FalconSlayers]

Forsee Power begins manufacturing lithium-ion batteries for 2- and 3-wheelers in Pune | Autocar Professional

Forsee Power begins manufacturing lithium-ion batteries for 2- and 3-wheelers in Pune

www.autocarpro.in

 

[sauntheninja]

This is funny. So you mean to say China competed fair and never used unfair means, right? Even the CCP will laugh at you reading this.
Let me make one thing clear, China never believed in fair competition. All this stuff that ... muh we are India's friend ... muh we don't hate the Japs ......muh look Murica hates us so they are spreading propaganda ..... is utter nonsense. China wants obedient slave ( Pakis ) and not equal partners. Lemme explain.
1. The following is the case where they unsuccessfully tried to strangle India's domestic metro rolling stock industry by means of unfair predatory pricing. They (CRRC) were quoting prices so low that Indian and other global companies were literally getting wiped out of competition. Now to talk about some details the domestic rolling stock industry in India is by no means uncompetitive or anything. Alstom, Bombardier have large plants here. They even export more than half their production from India ( for instance very recently Montreal's metro coaches were exported from India ). Apart from that there are ICF ( largest rolling stock manufacturer in the world ), BEML and Titagarh ( the only Indian company who has the required technologies to make HSR rolling stock and also they have significant market share in European nations like Italy and France ). There is one other entity named MCF who are working on modern aluminium coaches. Besides, with the coming up of other companies, like - Medha, the rolling stock industry is only getting more competitive. The Chinese companies estimated all these. Thus, they started quoting astronomically low prices just to destroy domestic companies. All this changed very recently when the authorities finally decided to act upon and started arbitrarily disqualifying Chinese companies (especially after Galwan clash). CRRC's contract for Bengaluru metro is the last they have ever received here and since then no contract has been awarded. They even promised local manufacturing for Nagpur metro just to get the contract only to make 180 degree flip after winning the tender, lol. The following video explains it well,

2. This is what China did to Japan back in 2010 following bitter diplomatic tensions.

China Bans Rare Earth Exports to Japan Amid Tension

Escalating a dispute over Japan’s detention of a Chinese fishing trawler captain, China placed a trade embargo on all exports to Japan of some crucial rare earth elements. The New York Times reports.

www.cnbc.com

3. China also tried to destroy the domestic two wheeler industry of India back in the past by using the same tactic - predatory pricing! However in this case also they were unsuccessful and this is also one of only a handful number of segments where the Chinese companies completely lost out to India's domestic companies. They never came back again. Worse, they were kicked out of Africa and Latin America by those same Indian companies.

How one Indian industry beat China at manufacturing and created a global footprint

Business News: Get the latest Business News, Live Share & Stock Market Updates, Top News from India and across world. Read Top Business News and updates on financial, economic and banking news on CNBCTV18.

www.cnbctv18.com

4. There is also one other segment where they used coercion to destroy India's domestic industry. Back in the 90s India used to be a global leader in API and bulk drug manufacturing segment. That is exactly when China entered the party and literally snatched the global manufacturers. The cucks in the union government did nothing and sat idle. The effect was felt in 2008 when Beijing stopped producing them temporarily to keep air pollution under check during the Olympics putting the giant Indian pharma industry on knees. LOL. Only recently the government again started trying luring them back to India. Only time will tell whether the effort is successful or not. As for how exactly the Chinese destroyed the domestic industry in India; well it requires a separate post and will discuss later with good details.
Now don't get me wrong, I don't necessarily hate them or anything for doing these. How they routinely violate WTO provisions, show utter disregard towards international standard protocols, arbitrarily put up non trade barriers to keep foreign companies out and cry a river when that same thing is done against them, subsidise domestic manufacturing against export (again violating international standards) and above all, still get away with all this mess deserves praise only. The OP probably pointed towards all these wrongdoings and wanted Indian government to follow suit and that is when you started giving lectures on productivity and efficiency. I completely lose my shit every time Chinese guys claim that they became the factory of the world fair and square; with productivity and efficiency. I don't care what you guys do but just do not pretend to be innocent.
Also on a side note- No, India's factory output recovery was well on course before Corona Chang came with the second wave; so much so that it even exceeded the government's own expectations. PMI data and other high frequency indicators were pointing towards this direction.

These things are not unique to China to become a developed country you have to steal and copy stuff even the rich western countries did it in the last century

 

[Chandragupt Maurya]

Govt of India approves Rs 16,039 crore Pune-Nashik Semi High Speed Rail Project | Urban Transport News

Nashik, India (Urban Transport News): The central government cabinet has approved a proposal for the…

urbantransportnews.com

Meanwhile they approved this project

It’s not feasible Pune and Nasik are not mega cities like Delhi Mumbai Chennai Kolkata or Bangaluru
Delhi-Jaipur-Ahmedabad-Mumbai and Delhi-Lucknow-Patna-Kolkata is feasible apart from That Mumbai-Pune-Hyderabad-Bangaluru-Chennai is also feasible

 

[Chandragupt Maurya]

China is trying to to make this railway line which comes till Birgunj and Lumbini in Nepal they want to use this for trade with India is it feasible ? because it’s very costly they will need to make huge tunnels and bridges to cross mountains in Tibbet

 

[sorcerer]

BSE crosses milestone of 7 crore registered users

IBEF: June 08, 2021


On Monday, BSE, the stock exchange crossed the landmark of 7 crore registered users based on Unique Client Code (UCC).

The BSE said in a statement, “The duration to register 7 crore users from previous 6 crore users was 139 days. BSE took 241, 652 and 939 days for the previous landmark of 6 crore, 5 crore and 4 crore, respectively.

The exchange stated, “Of the total users, 38% accounts for users in the age group of 30-40 years, followed by 24% users from 20-30 years age and 13% users in the 40-50 years age group. The user’s growth is driven by tech-savvy young users, who belong to the age group of 20-40 years and accounts for 82 lakh of the 1 crore user additions from 6-7 crore.”

Mr. Ashishkumar Chauhan, MD and CEO of BSE said, “This achievement indicates BSE’s efforts to bring in more investors. BSE remains assured about leveraging its growing reach and ability for trade to a wider range of financial products such as insurance, mutual funds, etc.”

In terms of states, investors from Maharashtra and Gujarat took the lead with 21.5% and 12.3% share of the total 7 crore investors, followed by Uttar Pradesh at 7.5% and Karnataka and Tamil Nadu at 6.1% each.

States such as Assam with 82%, seven sister states with 30% and Jammu Kashmir & Ladakh with 24% share registered the fastest growth from 6 crore to 7 crore registered investor accounts.

Uttar Pradesh onboarded 9.57 lakh investors with a growth rate of 22% followed by Rajasthan (6.64 lakh investors or growth of 24%) and Madhya Pradesh (5.84 lakh investors or growth of 29%).

BSE said, “Over the last few years it has been collaborating with members for e-enabling users with a less-paper operations and on-boarding through a seamless and efficient digital process.

As indicative from the speedy growth of registered investors since April 2020, large number of retail investors have adopted equities for the first time in India amid the pandemic.

 

[ladder]

China is trying to to make this railway line which comes till Birgunj and Lumbini in Nepal they want to use this for trade with India is it feasible ? because it’s very costly they will need to make huge tunnels and bridges to cross mountains in Tibbet
View attachment 93774
View attachment 93775

Where it is mentioned that China will build railroad upto Birgunj / India border.

Last I knew, India had sent in proposal to built Indian broadgage from India border to Kathmandu.
China will build from China border to Kathmandu in standard gauge.
Gauge change disruption at/near Kathmandu.

Nepal's East West or Mechi-Mahakali project I suppose is standard gauge as well.

 

[sorcerer]

In a boost to exports from eastern region, 24 MT of groundnuts exported to Nepal from West Bengal


Posted On: 08 JUN 2021 10:10AM by PIB Delhi



Opening a window of possibilities of boosting groundnut exports from eastern region, a consignment of 24 metric tonne (MT) of groundnuts was exported to Nepal from West Bengal.


The consignment was sourced from farmers of west Midnapore district of West Bengal, was exported by APEDA registered Laduram Promoters Pvt Ltd, Kolkata.


Traditionally, Gujarat and Rajasthan have a major share in groundnut exports. The groundnut exports from West Bengal would boost exports potential of the crop from the eastern region.


India exported 6.38 lakh tonnes (worth of Rs 5381 crore) of groundnuts during 2020-21. The groundnuts are exported to mostly countries such as Indonesia, Vietnam, Philippines, Malaysia, Thailand, China, Russia, Ukraine, United Arab Emirates and Nepal.


Through initiatives such as peanut.NET, APEDA has streamlined the exports of groundnuts through measures including buyer registration, batch processing by APEDA registered peanut units, application for certificate of export and stuffing certificate by exporter, Aflatoxin analysis and issue of stuffing certificate by laboratories, issuance of certificate of exports by APEDA.


According to the third advance estimates of oilseeds production by the ministry of agriculture and farmer welfare, the groundnut production in 2020-21 is estimated at 101.19 lakh tonne against 99.52 lakh tonne estimated inn 2019-20.


Gujarat is the largest producer of groundnuts in the country, which is followed by Rajasthan, Tamil Nadu, Andhra Pradesh, Karnataka, Madhya Pradesh, Maharashtra, West Bengal and Rajasthan. The crop is grown in both Kharif and Rabi seasons. The Kharif season has a share of more than 75% of the total production.

 

[DG7867]

View attachment 93724

Assuming this map is the official plan & assuming this is the final alignment, it doesn't look like good planning.
1. Present-day high income cities are not well-connected. It would be better plan to connect high-income cities first like Mumbai-Pune-Bengaluru; Mumbai-Nashik-Indore-Bhopal, along with current Mumbai-Ahmedabad & Delhi-Amritsar as part of 1st phase. This makes the project financially viable and helps generating revenue to execute next phases of project.
2. Many routes like Delhi-Kolkata & Mumbai-Guwahati have numerous detours. From end-user's POV, what's the point of taking bullet train between Delhi-Kolkata that has lot of detours, when I can take a flight that costs roughly the same & takes lesser time?

 

[Knowitall]

we are in midst of a global pandemic, supply demand disruptions are happening in entire world.

not sure how much can be blamed on modi.

A lot.

Govt was increasing petrol prices a lot and stopped right before election campaign and maintained the same rate pretty much all during campaign season.

Once elections were over they started to increase prices again without an afterthought.