Indian Economy: News and Discussion

Vijyes

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RW media growing a pair and calling out the ridiculous moves by this government.

Finance Ministry needs to move away from Socialist policies: Surcharge on rich was wonky enough, new CSR norms are beyond ridiculous

Blunder After Blunder — And Yet We Wonder What’s Wrong With The Economy!

When you appoint a JNU product as FM, you can expect little else. Not sure why the like of Piyush Goyal and Jayant Sinha were overlooked.
You should focus on dharma, not Abrahmism of capitalism or communism. What is being done is correct. The foreign agents became businessmen and rich rich tycoons under congress. Now they have to be taken down without causing disruption. Not bad idea.
 

Craigs

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I am getting messages on whatsapp that there is a 1st stage of economic crisi in India. Something related to NPA of banks..
Only advice I can give is don't trade on the basis of messages coming on whatsapp. Also, banks all over the world are reeling in NPAs (DB anyone).
 

IndianHawk

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https://m.businesstoday.in/story/india-has-received-highest-ever-fdi-of-6437-billion/1/369313.html

India received the highest-ever FDI inflow of $64.37 billion during the fiscal ended March 2019, said a government report. According to the Annual Report 2018-19 of the Department for Promotion of Industry and Internal Trade (DPIIT), foreign direct investments (FDI) worth $286 billion were received in the country in past five years.

"In the current financial year (2018-19), the country registered highest ever FDI inflow of $64.37 billion," the report said.

There you go with crisis lol.

286 billion USD in 5 years!

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Indx TechStyle

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You should focus on dharma, not Abrahmism of capitalism or communism.
Economy is not about Dharma or Abrhamism. If I start following sh!ts like Islamic banking, its abrahamism, if I develop, discover or even copy & adopt best economic model for my country as its way of working, it's Dharma.
 

IndianHawk

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India share of global GDP (PPP). 1989: 3.5% 1999: 4.2% 2009: 5.6% 2019: 7.9%

So from 89-99 it grew 0.7% from 99-09 1.4%
From 09-19 2.3%

So from 2019-2029 it should grow 4.5% ! And reach 12.4% of global GDP. Let's see what happens !

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Vijyes

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Economy is not about Dharma or Abrhamism. If I start following sh!ts like Islamic banking, its abrahamism, if I develop, discover or even copy & adopt best economic model for my country as its way of working, it's Dharma.
I wore this in context of RW opposing Economy and policy. RW must focus on dharma only. Acting like ponga pandits is not good
 

Haldiram

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Economy is not about Dharma or Abrhamism. If I start following sh!ts like Islamic banking, its abrahamism, if I develop, discover or even copy & adopt best economic model for my country as its way of working, it's Dharma.
But there is a Sharia Index in the stock markit and Islamic banking was on the verge of being passed. People's hero "Raghuram Rajan" was lobbying for it when he was RBI governor and the gormint had also acceded to the demand of formalizing Islamic banking (basically the depositor would be able to opt for his money not to be used for any money lending practices). Somehow it was averted when jingos created a noise.

But there are NBFCs which are practicing Islamic banking in India with an RBI licence, one of them being Muslim Fund Trust in Deoband which has 76000 customers. Another one in Kerala called Cherman Financial Services Ltd and even a Sharia Mutual Fund called TATA ethical fund.

Read the views of the head of that Islamic trust, it's certified #akhand_chewtiyapa. He says that your money kept in the bank is not safe because of earthquakes. He hasn't heard about digital money at all.

An Islamic Bank for The Poor, Including 20% Hindus, Who Can't and Need Not Pay Interest

He's saying that they don't even need an ID proof to transact in the Islamic bank. I wonder how they operate. Nunu dikha ke paise withdraw karte hain kya.
 
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Suryavanshi

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But there is a Sharia Index in the stock markit and Islamic banking was on the verge of being passed. People's hero "Raghuram Rajan" was lobbying for it when he was RBI governor and the gormint had also acceded to the demand of formalizing Islamic banking (basically the depositor would be able to opt for his money not to be used for any money lending practices). Somehow it was averted when jingos created a noise.

But there are NBFCs which are practicing Islamic banking in India with an RBI licence, one of them being Muslim Fund Trust in Deoband which has 76000 customers. Another one in Kerala called Cherman Financial Services Ltd and even a Sharia Mutual Fund called TATA ethical fund.

Read the views of the head of that Islamic trust, it's certified #akhand_chewtiyapa. He says that your money kept in the bank is not safe because of earthquakes. He hasn't heard about digital money at all.

An Islamic Bank for The Poor, Including 20% Hindus, Who Can't and Need Not Pay Interest

He's saying that they don't even need an ID proof to transact in the Islamic bank. I wonder how they operate. Nunu dikha ke paise withdraw karte hain kya.
So Cuckendra Modi was all in with this or did they show any resistance?
 

Haldiram

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So Cuckendra Modi was all in with this or did they show any resistance?
They were in on it. They did the whole 'turning the blind eye' thing which they are used to doing with controversial Judicial judgments, to make it look like it was an independent body's decision. Same with the RBI.

Jingos created a loud noise, then Raghuram Rajan was removed, then the gormint pretended like it never happened and never existed. Even Dhimmis were promoting it big time. The Wire was churning out articles peddling Sharia Banking. It was on the brink of being passed. If it had been approved by the RBI, the gormint would have sat back allowed it. It's their calculation that allowing them to create Islamic banking is better than Muslims not having any bank accounts. While this is true, a secular state should pursue this noble cause through Jan Dhan accounts, and not using Sharia Banking accounts.

It's well and good to say that Muslims are disconnected from formal banking and they need to be assimilated, but they are exploiting your good will to peddle Islamic exclusivity. Ya know? 'We're too good for your systems, we want our own systems' kinda feeling. If the idea of allowing Sharia banking is sold to Hindus as 'bringing Muslims on par', then it must be mentioned that this is being done because Muslims have remained primitive and that this is a temporary medicine for a disease and not a constitutional right. It should not be construed as some secular privilege like Muslim Personal Law, where, years later their children will claim that Islamic banking was always a part of their fundamental right. All of that intent was missing and the gormint was purely being a cuck.

Give them Jan Dhan accounts, tell them they will have to take off their burkha for bank photo ID proof. That's how you assimilate people by getting them to change their primitive ways, and not by bending our ways to suit their desert cult. As per present statistics, Muslims have just 1% representation in the total bank accounts in India because of their arrogant belief that interest-based banking is haram.

The Wire's propaganda >> Dropping the Idea of Islamic Banking in India Will Leave Millions Shortchanged

Why will they be shortchanged? can't they get a free Jan Dhan account? This is tacitly saying that not allowing Muslims to have it their way will mean they will boycott formal banking. This is the language of blackmail.
 
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Vijyes

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They were in on it. They did the whole 'turning the blind eye' thing which they are used to doing with controversial Judicial judgments, to make it look like it was an independent body's decision. Same with the RBI.

Jingos created a loud noise, then Raghuram Rajan was removed, then the gormint pretended like it never happened and never existed. Even Dhimmis were promoting it big time. The Wire was churning out articles peddling Sharia Banking. It was on the brink of being passed. If it had been approved by the RBI, the gormint would have sat back allowed it. It's their calculation that allowing them to create Islamic banking is better than Muslims not having any bank accounts. While this is true, a secular state should pursue this noble cause through Jan Dhan accounts, and not using Sharia Banking accounts.

It's well and good to say that Muslims are disconnected from formal banking and they need to be assimilated, but they are exploiting your good will to peddle Islamic exclusivity. Ya know? 'We're too good for your systems, we want our own systems' kinda feeling. If the idea of allowing Sharia banking is sold to Hindus as 'bringing Muslims on par', then it must be mentioned that this is being done because Muslims have remained primitive and that this is a temporary medicine for a disease and not a constitutional right. It should not be construed as some secular privilege like Muslim Personal Law, where, years later their children will claim that Islamic banking was always a part of their fundamental right. All of that intent was missing and the gormint was purely being a cuck.

Give them Jan Dhan accounts, tell them they will have to take off their burkha for bank photo ID proof. That's how you assimilate people by getting them to change their primitive ways, and not by bending our ways to suit their desert cult. As per present statistics, Muslims have just 1% representation in the total bank accounts in India because of their arrogant belief that interest-based banking is haram.

The Wire's propaganda >> Dropping the Idea of Islamic Banking in India Will Leave Millions Shortchanged

Why will they be shortchanged? can't they get a free Jan Dhan account? This is tacitly saying that not allowing Muslims to have it their way will mean they will boycott formal banking. This is the language of blackmail.
You are missing the point. Islamic banking means that India will get money from muslims without having to pay any interests. Jan Dhan account gives 4% interests on average (considering some people have FD in addition to SB accounts). 4% interest savings is a big sum really.

There need not be any fears of long term effect as the finance is just a short term aspect and only meant to serve as account book-keeping to maintain sense of ownership amongst people. If at all, muslims would be losing the interest to their money. That is not a bad deal.
 

Deathstar

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You are missing the point. Islamic banking means that India will get money from muslims without having to pay any interests. Jan Dhan account gives 4% interests on average (considering some people have FD in addition to SB accounts). 4% interest savings is a big sum really.

There need not be any fears of long term effect as the finance is just a short term aspect and only meant to serve as account book-keeping to maintain sense of ownership amongst people. If at all, muslims would be losing the interest to their money. That is not a bad deal.
Absolutely agree here , we should implement sharia banking and if it goes against secularism, allow only private banks and NBFCs to implement it
 

HariPrasad-1

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Your example of chinese Innovation is apt but India is also innovating. Most of indian innovation is on process side rather than product side hence less visible but it's happening. Look at oyo hotel it's an innovation in business process which has expanded to even china now. Same for byju whose founder just became a billionaire.

In IT industry Indian process innovation is often overlooked as it's not very glamorous or visible but it adds tremendous value to economy buy increasing efficiency.

With better manufacturing in coming decade we will move to product innovation too . We already host r&d centre of major innovative companies.




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Innovation in farming sector and animal husbandry is mind boggling.
 

Haldiram

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You are missing the point. Islamic banking means that India will get money from muslims without having to pay any interests. Jan Dhan account gives 4% interests on average (considering some people have FD in addition to SB accounts). 4% interest savings is a big sum really.

There need not be any fears of long term effect as the finance is just a short term aspect and only meant to serve as account book-keeping to maintain sense of ownership amongst people. If at all, muslims would be losing the interest to their money. That is not a bad deal.
Sharia banking means once a Muslim deposits his money in that bank, that money cannot be lent out to non-Sharia entities. Basically, the idea of classifying businesses as Sharia and non-Sharia is to create an exclusivity for Muslim money to not flow into Kaffir hands. That's why Jews insist on 'kosher' to ensure that the money they spend is only going to other Jewish business owners. It's their version of segregation.

A Muslim who is fanatic enough to deposit money in a Sharia bank knowing that he wont get an interest will be fanatic enough to ensure that his bank is not lending the money to non-Sharia entities. Their aim is that when 'Muslim A' deposits money in the bank, and the bank lends it to 'Muslim B'. Neither B pays any interest, nor A gets any interest. It's just like lending money to a friend. They are not going to lend to non-Muslims on those terms. The whole idea itself was to exclude non-Muslims from the benefits of Muslim money. It cannot be channelized into the formal banking grid. It has to necessarily remain in the Sharia grid for it's halal nature to be preserved. That's why TATA had to come out with a TATA Sharia fund because Sharia account holders wouldn't even invest in non-halal stocks for their own profit, forget about giving interest-free money to kaffirs.

It's Abrahamic arrogance to say 'my money shall only benefit my people'. Going down the slippery slope of approving religious exclusivity in the past has led to separate electorate for Muslims and then the eventual partition of the nation. Our Baniya-giri will sow the seeds of another partition. The Muslim clerics who run these banks will yield huge power and money, they will become a system onto themselves and influence Indian policy makers. Tomorrow, they'll use their funds to set up Islamic universities, like the Ottomans did. They'll invite Wahabbi clerics as guests and you can't stop it because the university doesn't run on central grants anymore; All because Baniyas thought it would increase the country's GDP. There's a reason we got invaded. And we refuse to learn from it.
 
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Vijyes

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Sharia banking means once a Muslim deposits his money in that bank, that money cannot be lent out to non-Sharia entities. Basically, the idea of classifying businesses as Sharia and non-Sharia is to create an exclusivity for Muslim money to not flow into Kaffir hands. That's why Jews insist on 'kosher' to ensure that the money they spend is only going to other Jewish business owners. It's their version of segregation.

A Muslim who is fanatic enough to deposit money in a Sharia bank knowing that he wont get an interest will be fanatic enough to ensure that his bank is not lending the money to non-Sharia entities. Their aim is that when 'Muslim A' deposits money in the bank, and the bank lends it to 'Muslim B'. Neither B pays any interest, nor A gets any interest. It's just like lending money to a friend. They are not going to lend to non-Muslims on those terms. The whole idea itself was to exclude non-Muslims from the benefits of Muslim money. It cannot be channelized into the formal banking grid. It has to necessarily remain in the Sharia grid for it's halal nature to be preserved. That's why TATA had to come out with a TATA Sharia fund because Sharia account holders wouldn't even invest in non-halal stocks for their own profit, forget about giving interest-free money to kaffirs.

It's Abrahamic arrogance to say 'my money shall only benefit my people'. Going down the slippery slope of approving religious exclusivity in the past has led to separate electorate for Muslims and then the eventual partition of the nation. Our Baniya-giri will sow the seeds of another partition.
Islamic banking entity with which Muslims deposit money with alone has the responsibility. There is no concept of reloaning the money and hence exclusivity won't arise as long as they are dealing with banks controlled by government. The only rules of Islamic banking is that banks must give part of their profit in proportion to the deposit amount to the total deposit amount. This will reduce the interest to be given to islamic banking accounts to very low levels or even eliminate any interest rate (when banks go into loss as seen in recent times).

Secondly, Muslims are already separate and one can't make them more separate. They are also hostile and violent towards others and relentlessly cause problems to others habitually. It is actually better to officially separate Muslims by apartheid type rules to ensure they don't cause problem to others as long as they have to live.

The only solution to Abrahamic religions is war. These economic means are just temporary adjustments till the time to fight arrives. So, why not make the best use of the time and rip off muslims from their interest rate white benefiting hindus?
 

Suryavanshi

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Absolutely agree here , we should implement sharia banking and if it goes against secularism, allow only private banks and NBFCs to implement it
It would be a Nehruvian scale blunder.
 

Haldiram

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US FED has cut rates by 0.25%. American and Indian markets are down -300 points. This was the first rate cut since 2008.

India will potentially take cues and reduce rates as well. Otherwise, having a high rate while other countries have a low rate causes currency devaluation. If RBI cuts rates, Bond funds will rally.
 

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Passport Seva on smartphone! Check passport status, nearest centre, appointment availability with one click

UMANG App stands for ‘Unified Mobile Application for New-age Governance’. The central government has envisaged UMANG App to promote e-governance. The Ministry of Electronics and Information Technology (MeitY) and National e-Governance Division (NeGD) have developed the App to drive Mobile Governance in India

The Modi government has been emphasizing on providing convenient application submission process, end-to-end status tracking, digital overhauling, and security. The central government hopes to open ‘Passport Seva Kendra’ in all parliamentary constituencies.

https://www.financialexpress.com/li...ointment-availability-with-one-click/1659648/


Provident Fund (PF) Balance, Passbook: How To Use Umang App To Access EPFO Services


Mobile app Umang, the one-stop solution to access many government services, provides multiple facilities for subscribers of the Employees' Provident Fund Organisation (EPFO). Umang helps EPFO subscribers access all services of the retirement fund body from this app. The app makes it easy and convenient to access EPFO services, Umang tweeted from its official Twitter handle. Umang is currently available on Google, Apple and Windows platforms, it noted. Besides, the Umang app provides seamless integration with popular customer centric services like Aadhaar and Digilocker.


https://www.ndtv.com/business/provi...use-umang-app-to-access-epfo-services-1842074
 

Vijyes

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If u are not confident about the issues regarding muzzies then always follow rndtv,wire etc secular media.

IF they support the issue that means it is bad for Hindus/India.

Even i am confused about TTT/Sharia bank but once i checked Indian mussie in fb/twitter - wire/ndtv,then i realized we must support govt rule. :lol:
In thecase if Economy, muslims are very poor and can be easily taken advantage of. So, it is actually better to fool muslims into giving their money without interest in the name of islamic Banking. Just like muslims use Taqiya, we must also use similar ideas against them
 

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