Indian Economy: News and Discussion

[ezsasa]

Too much information above. Tell us whether economy has set its course for recovery and be a $5 trillion economy by 2014.

5 trillion $ will depend on external factors, till that time internal house keeping experiments will go on.

 

[vampyrbladez]

Relax! The backlash is huge and bigger than last time but this is how the JNU Mausi operates She presents a budget, markets tank, heavy criticism, then she does half a dozen press conference to revert every budget announcement. Chronology samajhiye aap!

This stupid FM is an example of why you don't let JNU types and babus get their hands on the economy's driving seat. After last year's performance, she repeats it again. PM Modi should kick her out.

Stupid broad pours water on the hardwork and dedication of so many OGWs.

 

[jackprince]

This stupid FM is an example of why you don't let JNU types and babus get their hands on the economy's driving seat. After last year's performance, she repeats it again. PM Modi should kick her out.

Stupid broad pours water on the hardwork and dedication of so many OGWs.

The FM alone doesn't make the policies without consent of the PM. Don't put the blame alone on her shoulder only. Unless she lied to the PM.

 

[vampyrbladez]

The FM alone doesn't make the policies without consent of the PM. Don't put the blame alone on her shoulder only. Unless she lied to the PM.

Same bullshit happens twice in a row. Now she will spend the next 6 mths restoring exemptions and lowering LTGC tax rates. With an election just days away, why pull these shenanigans?

 

[ezsasa]

This stupid FM is an example of why you don't let JNU types and babus get their hands on the economy's driving seat. After last year's performance, she repeats it again. PM Modi should kick her out.

Stupid broad pours water on the hardwork and dedication of so many OGWs.

i think what is happening is, Govt is calling "eminent people" & industry representatives to give suggestions. they give suggestions but not willing to attach their names to the suggestions. babus are taking those suggestions and fitting as much as they can with in the limit. there cannot be a second round of discussions because it would leak the budget, and full round of re-consultations take 2 months atleast.

so govt will release with what ever they have, and make amendments as per public feedback later.

my suggestion is, don't jump to conclusions. no matter how the budget is, every budget is criticised, especially BJP budget.

 

[vampyrbladez]

Going by the table, they are effectively taxing people more by proxy using new regime.

 

[Pandora]

Exactly

Same bullshit happens twice in a row. Now she will spend the next 6 mths restoring exemptions and lowering LTGC tax rates. With a election days away, why pull these shenanigans?

She pushing Indian economy to recession.

 

[vampyrbladez]

Exactly

She pushing Indian economy to recession.

Then she is a JNU Lutyens plant to sabotage economy. She must have some top level dirt to blackmail MAD or else lobby is pushing for her as FM. Even when she was DM, she pulled these shenanigans until she was replaced by Rajnath Singh who is doing a far better job. Most incompetent member of cabinet in the most important portfolio.

 

[vampyrbladez]

Seriously I can't stop fuming at the nonsense of this "tax cut" by removing exemptions. A backdoor taxation in the long run.

https://www.thehindubusinessline.co...res-all-you-need-to-know/article30713454.ece#

 

[vampyrbladez]

Look at her interview! Shows how out of touch she is.


MAD or anyone from BJP/RSS or some spook agency like IB reading, tell her to get her fucking head out of her "tashreef ka tokra" or we'll lose a golden mandate like this! She'll chase away NRI money, bankrupt job creators, disincentivise investment and get us stuck in an economic quagmire for years!

Bloody, a few days before crucial Delhi polls, all momentum is steaming!

 

[jackprince]

Look at her interview! Shows how out of touch she is.


MAD or anyone from BJP/RSS or some spook agency like IB reading, tell her to get her fucking head out of her "tashreef ka tokra" or we'll lose a golden mandate like this! She'll chase away NRI money, bankrupt job creators, disincentivise investment and get us stuck in an economic quagmire for years!

Bloody, a few days before crucial Delhi polls, all momentum is steaming!

She is too smug for effectively doing nothing positive and mostly negative.

 

[vampyrbladez]

Nirmala is gone from PM Modi's cabinet. There is a reshuffle that is to happen shortly after the budget session. This was her last chance to shine and she blew it.

This could also explain Anurag Thakur's exhuberant Hindutva statements and why there is scant defence for him. As the 2-I-C (MoS), he will possibly be removed from the ranks as well!

With the Modi government having completed nearly eight months of its second term, speculation is rife regarding the first major reshuffle of the Cabinet and the council of ministers. A reshuffle is expected after the upcoming Budget session of Parliament.

https://www.business-standard.com/a...govt-in-cabinet-reshuffle-120011900003_1.html

Now, she is about to present her second budget amid rumours of a Cabinet reshuffle, a perceptible lack of confidence within India Inc, and dark clouds of a global economic crisis hovering overhead. It was also not lost on anybody that the finance minister was absent from a recent meeting convened by Prime Minister Narendra Modi with top economists ahead of the Union Budget.

https://www.outlookindia.com/magazi...-can-do-to-pull-economy-out-of-the-rut/302682

Top cabinet ministers including home minister Amit Shah, road minister Nitin Gadkari, commerce minister Piyush Goyal and rural development minister Narendra Singh Tomar attended the meeting which lasted nearly two hours.

Besides, Niti Àayog vice chairman Rajiv Kumar were present in the meeting with his top officers and members in the annual exercise done before the union budget.

https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst

 

[ezsasa]

Trying to find breakdowns of defence budgets for the above countries but not able to till now, in the way that they're not specifying capex or budget per service. Hope someone can do it, it'll be quite interesting.

Conclusion : to me it looks indian defence capex is being spent far more effectively than the countries listed below, our budget has more bang for the buck and wider range of products. unless someone is able to provide more accurate information.
Canada, France, Germany, Indonesia, Saudi Arabia & Brazil.

Canada and France seem to follow 5 year plans for defence acquisitions.

Canada :

France:
France have mentioned only what they want to acquire but not annual capex amount. their total defence spending till 2025 is gonna be 300 billion euro.

Among the weapons to be ordered next year are a Barracuda nuclear-powered attack submarine, three fleet auxiliary tankers and two aircraft fitted for gathering electronic intelligence. The tanker ships will be bought in cooperation with Italy.

Other orders include upgrades for 10 Mirage 2000D fighters; 125 firing posts for the MMP anti-tank missile; 60 Meteor long-range air-to-air missiles; and six patrol boats for overseas deployment.

Some €758 million will be set aside on research and development studies, a step toward a pledge to spend €1 billion on R&D annually. Some €4.2 billion will be spent on service support, mostly dedicated to aircraft maintenance.

A six-strong batch of Reaper drones is due to be delivered next year.

Brazil :

• Brazil's annual defence budget was set at USD27.5 billion in 2019, real growth of 2.1 percent year on year.
• However, its defence procurement allocation was just USD1.3 billion, more than USD1 billion less than 2012 in real terms.
• Despite rising total spending, funding for equipment purchases fell dramatically last year, and now accounts for a historic low of just 5 percent of total military expenditure.

Saudi : defence budget is around 50 billion $, capex is not available.

Indonesia : The Indonesian government of President Joko Widodo has proposed a 3 percent increase to the national budget for 2020, with defense earmarked for a boost of 16% percent in year-on-year nominal investment. The defense budget – currently receiving an outlay of IDR109.6 trillion ($7.68 billion) – is set to rise to IDR127.4 billion ($8.9 billion) under the government proposal and will equal 5 percent of total spending

Achieving the 1.5 percent of GDP benchmark is in line with Indonesia’s larger military reform goal of creating a force-of-scale capable of meeting the minimum response required to deal with a variety of strategic threats by 2024. This end-goal is referred to as the Minimum Essential Force modernization program. The MEF involves recruiting, retaining, housing, equipping, and training a force that is able to deploy the minimal assets necessary to conduct counterinsurgency operations, international peacekeeping missions, and natural disaster relief operations, as well as provide offshore and exclusive economic zone (EEZ) protection.

Germany :

The draft budget for 2020 envisages €44.9 billion for the defense ministry. That represents 1.37% of GDP. However, NATO has put out repeated calls for defense spending to rise to 2% GDP from member nations' economies. Germany's percentage still remains low compared with other, often much smaller and poorer nations such as Lithuania. In 2019, Germany's defense budget was just 1.2% of GDP.
The projects at risk

In her first budget speech in Parliament as defense minister, Kramp-Karrenbauer said that soldiers who "risked life and limb" deserved the "best equipment." But projects that would not be affordable included:

• Night vision goggles;
• a successor to the Tornado fighter jet;
• a joint venture with Norway to acquire new submarines.

The acquisition of a heavy life helicopter, and a German battleship were singled out as projects which were able to be supported. In addition, it is likely the money will also be spent on the continued digitalization of the German armed forces.

Germany plans to spend EUR8.9 billion (USD9.9 billion) on armaments in 2020, the Ministry of Defence (MoD) said on its website on 5 December upon publication of its latest armaments report.

In 2019, the Bundeswehr received an F125 frigate, 45 Puma infantry fighting vehicles, four Eurofighter combat aircraft, and six A400M transports, among other systems, the ministry said in its 10th biannual armaments report. In addition, the Bundestag authorised spending EUR5.9 billion on new armaments projects in 2019, according to the MoD.

Germany’s EUR45.1 billion defence budget for 2020, representing a 4.2% increase from 2019, will be broken down into EUR7.4 billion(8.2 billion $) for procurement, EUR1.5 billion for development and testing, EUR4.5 billion in equipment and vehicle maintenance, and EUR3.2 billion in services for the Bundeswehr.

 

[vampyrbladez]

Nirmala is gone from PM Modi's cabinet. There is a reshuffle that is to happen shortly after the budget session. This was her last chance to shine and she blew it.

This could also explain Anurag Thakur's exhuberant Hindutva statements and why there is scant defence for him. As the 2-I-C (MoS), he will possibly be removed from the ranks as well!



https://www.business-standard.com/a...govt-in-cabinet-reshuffle-120011900003_1.html



https://www.outlookindia.com/magazi...-can-do-to-pull-economy-out-of-the-rut/302682



https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst

Further confirmation of Nirmala's exit.

FM Nirmala’s swansong?

Nirmala Sitharaman’s Budget speech on February 1 may well be her farewell speech as finance minister. She may have to take the fall for the economy’s nosedive. The impression the economists, industrialists and policy planners got in their meetings with Prime Minister Narendra Modi was that he was now the man in charge. Budget 2020 will bear his touches and can be expected to be pathbreaking. Sources have it the PM is aware this is a make-or-break moment for the economy and can’t be left to bureaucrats anymore. It is on the cards that Nirmala will be shunted out after she presents the Budget on February 1.

https://www.asianage.com/opinion/oped/120120/brace-for-a-pathbreaking-budget.html

 

[FGFAPilot1]

Further confirmation of Nirmala's exit.



https://www.asianage.com/opinion/oped/120120/brace-for-a-pathbreaking-budget.html

The budget is hardly path-breaking and what are PM Modi's touches as was alluded in the article?

 

[south block]

Budget is ok --- Cheetos sellers are angry which is given ---- I hope beurocrates don't let these industrialist cum chetoos sellers cum stock manipulating maggots have their way :biggrin2:

 

[Hiranyaksha]

If no immediate relief to economy is given i.e. in coming 6 months , I sense that people will be voting against BJP and Modi.

 

[Knowitall]

Budget is ok --- Cheetos sellers are angry which is given ---- I hope beurocrates don't let these industrialist cum chetoos sellers cum stock manipulating maggots have their way :biggrin2:

Besharam harmamkhors like you will be the death of this nation.

Sale leeches jaise country ka Khun chuste hai.

Every single ofb should be Burned to the ground and it's workers beaten and sent to jail.

Chutiya sale kutte Ko bhi train karo kaafi chize Kar leta hai tum salo se kuch nahi hota.

Even after spending so much on you guys chutiyas haven't been able to do anything.

All are running in losses draining our money which can be spent in so many other places.

Useless BSNL shouldn't have been given any vrs scheme instead they should have been fired for incompetence and jailed.

 

[sorcerer]

Besharam harmamkhors like you will be the death of this nation.

Sale leeches jaise country ka Khun chuste hai.

Every single ofb should be Burned to the ground and it's workers beaten and sent to jail.

Chutiya sale kutte Ko bhi train karo kaafi chize Kar leta hai tum salo se kuch nahi hota.

Even after spending so much on you guys chutiyas haven't been able to do anything.

All are running in losses draining our money which can be spent in so many other places.

Useless BSNL shouldn't have been given any vrs scheme instead they should have been fired for incompetence and jailed.

They should be send abroad to live a life for a few months..
let them enjoy the benefits of a "socialist society" where they can live on rat turd or a more modern metrolpolitan city..where they will have to shell out money for each and everything.
these kind will never know the level of FREEDOM india has when it comes to other westernized nations..

 

[jackprince]

Statements coming that 80C exemptions will be removed in near future. What kind of super moronic attitude is that? Rather she should have come out and said fukc you middle class morons for voting us in power?!!!!