Indian Economy: News and Discussion

Haldilal

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Ya'll Nibbiars The Indian markets regulator Securities and Exchange Board of India (SEBI) is planning to build a new data center as part of its new private cloud strategy.

In its 2019 - 2020 report, the regulator said it was in the process of implementing a “large-scale tier 3+ data center” at its SEBI Bhavan II location in Mumbai. It says the facility is expected to be implemented in 2020-2021 and aims to consolidate infrastructure from other data centers in Mumbai in the new facility.

SEBI said it also adopting a new private cloud strategy going forward, and the infrastructure for this will be hosted in the new facility.

“The proposed private cloud solution will be the enabling technology which will be scalable, interoperable, and elastic and support big data analytics. Going forward, the private cloud solution will provide infrastructure, storage, and computing capacity to many existing and upcoming projects. This will help SEBI to bring large parts of its IT infrastructure under one umbrella of the SEBI private cloud,” said the report. “The consolidation of all hardware will increase manageability of server-side hardware, result in better turn-around time and continued service.”
 

Haldilal

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Ya'll Nibbiars The Chief minister Yogi Adityanath on Friday said that development creates the identity of any region and his government is committed to taking Uttar Pradesh to new heights. Highlighting his vision of ‘New Gorakhpur’, the CM inaugurated nine development projects (Rs 76.4 crore) and laid the foundation of 16 others (Rs 54.2 crore) worth around Rs 131 crore during a programme at Mahant Digvijaynath Park.
 

HariPrasad-1

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This is the time we should invest more and more on our religious places and Tirth Sthans. They are great places and source of our unity, and prosperity. Many people have got the food in their bad times from temples. They are go to places in our bad time. Lie we have other ministries and budget allocation for other purposes, we should have a budget on development of religious places.
 

IndianHawk

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I’ve heard that every Rupee invested in infrastructure adds ₹2.5 to the economy, is that true?
It's something above 2 . Yes it's true. Infrastructure has a multiplier effect on economic growth. When you build infrastructure multiple sectors grow from it form industry to agriculture to education to tourism.
 

FalconSlayers

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It's something above 2 . Yes it's true. Infrastructure has a multiplier effect on economic growth. When you build infrastructure multiple sectors grow from it form industry to agriculture to education to tourism.
In 5 years government will spend 1.5 Trillion dollars on infrastructure in next 5 years so it will add 3-4 Trillion dollars in atleast 10 years.
 

FalconSlayers

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Pretty much but the challange is to actually invest that money in actual projects which get completed in time. ( Means they get land and permission fast).
So we can easily get to 10 Trillion dollars, I feel Government should focus a bit on Redevelopment Projects too.
 

HariPrasad-1

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FalconSlayers

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ladder

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Any idead why two wheeler sales are going down each month?
People don’t like two wheelers much, it has no future here.
Lockdown effect, a lot of people were struck at their place of work due to suspension of public transport. Some hired taxis at exorbitant rates to travel to their respective hometowns.
They are the ones who are driving the car sales. This lockdown has knocked some sense about owning a car into the public vehicle aficionados also.
 

DG7867

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Look at the TATA. Their Production Doubled in one year from 12000 to 27000+. A big rise. Their invesment in Build quality and safety features is paying off. TATAT just need to build a petrol engine which can match Hundai and Maruti. Nobody can beat TATA then.
All thanks to new Safari 😁
 

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