Indian Economy: News and Discussion
- Thread starter Tuco
- Start date
- Joined
- Jan 26, 2021
- Messages
- 7,301
- Likes
- 27,601
Dc motors was a fuck up , in supercar buisness you need a experienced workforce , some quality engineer
- Joined
- Aug 10, 2020
- Messages
- 29,497
- Likes
- 113,306
Ya'll Nibbiars a entry level exucative car like Honda Civic.
SKC
Senior Member
- Joined
- Aug 16, 2014
- Messages
- 8,788
- Likes
- 30,269
DC Avanti was pathetic car. They bought chassis from one company and poor 4 cylinder engine from either Honda or Toyota and mixed everything together in their garage. The interiors were worse than a car from 2000s.
They promised 6 cylinder engine which they did not have.
- Joined
- Aug 10, 2020
- Messages
- 29,497
- Likes
- 113,306
Ya'll Nibbiars have you read about the Mapro?.
sorcerer
Senior Member
- Joined
- Apr 13, 2013
- Messages
- 26,919
- Likes
- 98,471
RBI allows prepaid mobile recharges through Bharat Bill Payment System
IBEF: June 15, 2021
On June 14, 2021, the Reserve Bank of India (RBI) announced to allow prepaid mobile recharges through the Bharat Bill Payment System (BBPS).
BBPS is operated by the National Payments Corporation of India (NPCI), that offers an interoperable platform for recurring bill payments.
The RBI said, “Considering constant development in distinct biller categories and to enable mobile prepaid customers with additional options to recharge, it has been agreed to allow ‘mobile prepaid recharges’ as a biller category in BBPS. The change will be implemented on or before August 31, 2021.”
In May 2021, through the BBPS channel 213.59 million bill payment transactions were carried out. NPCI is planning to spin off BBPS into an individual subsidiary and is on the watch for a chief executive to supervise it.
BBPS began in 2014 as a platform for recurring bill payments, which covered bills of five categories – water, direct to home (DTH), gas, electricity and telecom. The framework offered standardised bill payment experience, prescribed customer convenience fee, centralised customer grievance redressal mechanism and guaranteed accessibility of digital payment choices.
In September 2019, the scope and coverage of BBPS was enlarged via an RBI circular to include all categories of billers which boost recurring bills (except mobile prepaid recharges) as eligible applicants, on a voluntary basis.
IBEF: June 15, 2021
On June 14, 2021, the Reserve Bank of India (RBI) announced to allow prepaid mobile recharges through the Bharat Bill Payment System (BBPS).
BBPS is operated by the National Payments Corporation of India (NPCI), that offers an interoperable platform for recurring bill payments.
The RBI said, “Considering constant development in distinct biller categories and to enable mobile prepaid customers with additional options to recharge, it has been agreed to allow ‘mobile prepaid recharges’ as a biller category in BBPS. The change will be implemented on or before August 31, 2021.”
In May 2021, through the BBPS channel 213.59 million bill payment transactions were carried out. NPCI is planning to spin off BBPS into an individual subsidiary and is on the watch for a chief executive to supervise it.
BBPS began in 2014 as a platform for recurring bill payments, which covered bills of five categories – water, direct to home (DTH), gas, electricity and telecom. The framework offered standardised bill payment experience, prescribed customer convenience fee, centralised customer grievance redressal mechanism and guaranteed accessibility of digital payment choices.
In September 2019, the scope and coverage of BBPS was enlarged via an RBI circular to include all categories of billers which boost recurring bills (except mobile prepaid recharges) as eligible applicants, on a voluntary basis.
sorcerer
Senior Member
- Joined
- Apr 13, 2013
- Messages
- 26,919
- Likes
- 98,471
ndia's live commerce industry to reach US$ 4 billion - US$ 5 billion by 2025: report
IBEF: June 15, 2021
On Monday, according to a new report, live commerce market in India is expected to register a gross merchandise value (GMV) of US$ 4 billion - US$ 5 billion by 2025, driven by beauty and personal care (BPC) products.
Beauty and personal care (BPC) category is expected to increase the highest with > US$ 1 billion GMV in live commerce market.
According to report by RedSeer, a market research firm, fashion is expected to add 60-70% of the GMV while BPC is expected to add 30-40%.
Live commerce is a type of online shopping where shoppers purchase through live streaming video events.
Content is transforming in a way where it is shifting the consumer’s trend of online shopping.
The report highlighted, “At present, brands are adopting campaign approach that run through 1-2 says and capture number of views and backed by celebrity endorsements on TikTok, Instagram Reels, etc.”
Brands such as BYJU's, Flipkart, Myntra, target youngsters and small towns have campaigned on these platforms while celebrities such as Mr. Amitabh Bachchan, Ms. Alia Bhatt, Ms. Shilpa Shetty, etc. have endorsed these campaigns.
As an alternative strategy to aboard new customers, brands are now exploring live commerce on their platforms and on ‘Short-form’ platforms.
As per the report, ’Short-form’ content is the fastest growing content in India as well as globally and is expected to primarily drive live commerce market up to US$ 2.5 – US$ 3 billion by 2025. The market is expected to register a 3X growth in customers in the next five years in India.
The report added, “So far large marketplaces have not commenced live commerce but combining it can absolutely be a success. Vertical players are soon projected to commence live commerce.”
As per the report, India is expected to offer a significant large market for live commerce in the years to come.
IBEF: June 15, 2021
On Monday, according to a new report, live commerce market in India is expected to register a gross merchandise value (GMV) of US$ 4 billion - US$ 5 billion by 2025, driven by beauty and personal care (BPC) products.
Beauty and personal care (BPC) category is expected to increase the highest with > US$ 1 billion GMV in live commerce market.
According to report by RedSeer, a market research firm, fashion is expected to add 60-70% of the GMV while BPC is expected to add 30-40%.
Live commerce is a type of online shopping where shoppers purchase through live streaming video events.
Content is transforming in a way where it is shifting the consumer’s trend of online shopping.
The report highlighted, “At present, brands are adopting campaign approach that run through 1-2 says and capture number of views and backed by celebrity endorsements on TikTok, Instagram Reels, etc.”
Brands such as BYJU's, Flipkart, Myntra, target youngsters and small towns have campaigned on these platforms while celebrities such as Mr. Amitabh Bachchan, Ms. Alia Bhatt, Ms. Shilpa Shetty, etc. have endorsed these campaigns.
As an alternative strategy to aboard new customers, brands are now exploring live commerce on their platforms and on ‘Short-form’ platforms.
As per the report, ’Short-form’ content is the fastest growing content in India as well as globally and is expected to primarily drive live commerce market up to US$ 2.5 – US$ 3 billion by 2025. The market is expected to register a 3X growth in customers in the next five years in India.
The report added, “So far large marketplaces have not commenced live commerce but combining it can absolutely be a success. Vertical players are soon projected to commence live commerce.”
As per the report, India is expected to offer a significant large market for live commerce in the years to come.
sorcerer
Senior Member
- Joined
- Apr 13, 2013
- Messages
- 26,919
- Likes
- 98,471
Government of India's NAFED launches Fortified Rice Bran Oil to Boost Healthy Living
Shri Sudhanshu Pandey, Secretary, Department of Food and Public Distribution today E-launched “Nafed Fortified Rice Bran Oil”. On the occasion, Shri Sudhanshu Pandey said that this initiative by Nafed will significantly reduce the country's consumption dependence on imported edible oil in future. He also said that this will provide opportunities for Indian edible oil manufacturers further, and also will give an impetus to the Prime Minister's Aatmnirbhar Bharat initiative. This Rice bran oil will be marketed by Nafed (National Agricultural Cooperative Marketing Federation of India Ltd).
Shri Arun Singhal, Chief Executive Officer, Food Safety and Standards Authority of India (FSSAI), Shri Sanjeev Kumar Chaddha, Managing Director, Nafed and Shri Atish Chandra, Chairman & Managing Director, Food Corporation of India (FCI) also present on the E-launch.
On this occasion, CMD, FCI informed that recently a MoU has been signed between Nafed and FCI for the production and marketing of fortified rice kernel.
Regarding this initiative, Shri Sanjeev Kumar Chaddha, Managing Director, Nafed said that this initiative will provide easy access to Nafed branded high quality rice bran oil, which will also give a boost to the indigenous oil manufacturing industry.
It may be noted that Rice Bran oil has multiple health benefits, including lowering cholesterol level due to its low trans-fat content and high mono unsaturated and poly unsaturated fat contents. It also acts as a booster and reduces the risk of cancer due to the high amount of Vitamin E it contains. This oil is recommended by The American Heart Association and the World Health Organization (WHO) as one of the best substitutes for other edible oils. Rice Bran oil from Nafed will be fortified and it will be ensured that it will contain additional nutrients and vitamins. According to the FSSAI, fortified oil can help a person fulfil 25-30% of the recommended dietary intake for vitamins A and D. Nafed Fortified Rice Bran Oil will be available at all Nafed Stores and also on various online platforms.
Shri Sudhanshu Pandey, Secretary, Department of Food and Public Distribution today E-launched “Nafed Fortified Rice Bran Oil”. On the occasion, Shri Sudhanshu Pandey said that this initiative by Nafed will significantly reduce the country's consumption dependence on imported edible oil in future. He also said that this will provide opportunities for Indian edible oil manufacturers further, and also will give an impetus to the Prime Minister's Aatmnirbhar Bharat initiative. This Rice bran oil will be marketed by Nafed (National Agricultural Cooperative Marketing Federation of India Ltd).
Shri Arun Singhal, Chief Executive Officer, Food Safety and Standards Authority of India (FSSAI), Shri Sanjeev Kumar Chaddha, Managing Director, Nafed and Shri Atish Chandra, Chairman & Managing Director, Food Corporation of India (FCI) also present on the E-launch.
On this occasion, CMD, FCI informed that recently a MoU has been signed between Nafed and FCI for the production and marketing of fortified rice kernel.
Regarding this initiative, Shri Sanjeev Kumar Chaddha, Managing Director, Nafed said that this initiative will provide easy access to Nafed branded high quality rice bran oil, which will also give a boost to the indigenous oil manufacturing industry.
It may be noted that Rice Bran oil has multiple health benefits, including lowering cholesterol level due to its low trans-fat content and high mono unsaturated and poly unsaturated fat contents. It also acts as a booster and reduces the risk of cancer due to the high amount of Vitamin E it contains. This oil is recommended by The American Heart Association and the World Health Organization (WHO) as one of the best substitutes for other edible oils. Rice Bran oil from Nafed will be fortified and it will be ensured that it will contain additional nutrients and vitamins. According to the FSSAI, fortified oil can help a person fulfil 25-30% of the recommended dietary intake for vitamins A and D. Nafed Fortified Rice Bran Oil will be available at all Nafed Stores and also on various online platforms.
sorcerer
Senior Member
- Joined
- Apr 13, 2013
- Messages
- 26,919
- Likes
- 98,471
India's jobless rate slides 8.7% in signs economy is turning around
Anirban Nag | Bloomberg
3 minutes
India’s unemployment rate dropped sharply last week, in the first sign that Asia’s third-largest economy may be turning a corner after the world’s worst coronavirus outbreak.
The jobless rate for the week to June 13 fell to 8.7% from 13.6% a week ago, data from private research firm Centre for Monitoring Indian Economy Pvt. showed. Urban unemployment fell to 9.7% from 14.4%, while the rural measure declined to 8.2% from 13.3%.
www.business-standard.com
Anirban Nag | Bloomberg
3 minutes
India’s unemployment rate dropped sharply last week, in the first sign that Asia’s third-largest economy may be turning a corner after the world’s worst coronavirus outbreak.
The jobless rate for the week to June 13 fell to 8.7% from 13.6% a week ago, data from private research firm Centre for Monitoring Indian Economy Pvt. showed. Urban unemployment fell to 9.7% from 14.4%, while the rural measure declined to 8.2% from 13.3%.
India's jobless rate slides 8.7% in signs economy is turning around
Rate for the week to June 13 fell to 8.7% from 13.6% a week ago, data from Centre for Monitoring Indian Economy showed.
- Joined
- Jan 26, 2021
- Messages
- 7,301
- Likes
- 27,601
@t 90sIndia's jobless rate slides 8.7% in signs economy is turning around
Anirban Nag | Bloomberg
3 minutes
India’s unemployment rate dropped sharply last week, in the first sign that Asia’s third-largest economy may be turning a corner after the world’s worst coronavirus outbreak.
The jobless rate for the week to June 13 fell to 8.7% from 13.6% a week ago, data from private research firm Centre for Monitoring Indian Economy Pvt. showed. Urban unemployment fell to 9.7% from 14.4%, while the rural measure declined to 8.2% from 13.3%.
India's jobless rate slides 8.7% in signs economy is turning around
Rate for the week to June 13 fell to 8.7% from 13.6% a week ago, data from Centre for Monitoring Indian Economy showed.
India measure things in a different way. unemployment & underemployment is very high.
- Joined
- Aug 10, 2020
- Messages
- 29,497
- Likes
- 113,306
Ya'll Nibbiars do you think the PSU could have handled this situation better than the Private Sector's?.
IndianYonko
Senior Member
- Joined
- Aug 21, 2020
- Messages
- 1,813
- Likes
- 7,918
What a joke. PSUs only hire pathetic losers Maggu.
Has the population of India surpassed that of China?
I think it has now exceeded, although the nominal population of China is 1.41 billion, and the population of congestion is 1.39 billion. However, India has not included the number of registered permanent residence, should have exceeded the population of China.
I think it has now exceeded, although the nominal population of China is 1.41 billion, and the population of congestion is 1.39 billion. However, India has not included the number of registered permanent residence, should have exceeded the population of China.
DG7867
Regular Member
- Joined
- Apr 10, 2019
- Messages
- 452
- Likes
- 1,601
Quite possible. Even China's population figures are bogus, should not be taken seriously.
sauntheninja
Senior Member
- Joined
- Dec 16, 2020
- Messages
- 1,903
- Likes
- 5,259
Financial wealth in India jumps 11% in pandemic year to $3.4 trillion: Report
The 11 per cent growth in financial wealth was at par with the compounded annual growth rate for the five years to 2020, the report by BCG said.
- Joined
- Jan 14, 2020
- Messages
- 9,609
- Likes
- 84,137
The Modi Govt is investing 57,000 Cr in Indian Railways' Telecom & Signalling Systems : Entire Railways to have its own 4G/LTE Network by 2025-26. 37,000 Route KM to have Train Collision Avoidance System. 11,021 Route KM to have Centralized Traffic Control.
www.railpost.in
Indian Railways Big Signalling Upgrade Plans: Better Safety, Capacity On 37k KM By 2026 - RailPost.in
With an expected investment of almost 57,000 crores, Indian Railways is moving forward to deploy modern signalling and telecom systems on its oversaturated and high traffic routes, according to Sanjeev Mittal, now Member - Infrastructure in the Railway Board.
www.railpost.in
- Joined
- Jan 14, 2020
- Messages
- 9,609
- Likes
- 84,137
The Modi Govt via Petronet LNG will invest ₹18,700 Crore to ramp up gas infra across India: —₹8,000 Cr to set up 1000 LNG Stations. —₹4,000 Cr to set up 100 CBG Plants over 3 years. —₹4500 Cr at Dahej Terminal —₹1500 Cr on upcoming East Coast Terminal.
Petronet to invest ₹187 bn in next five years, set up 1,000 LNG stations
The company has planned a ₹67 billion budget to expand its 17.5-million-tonne per annum (mtpa) Dahej terminal on the West coast to 22.5 mtpa, building a new jetty and Liquefied Natural Gas (LNG) tanks at Kochi terminal and a new terminal on the East coast
www.livemint.com
- Joined
- Jan 14, 2020
- Messages
- 9,609
- Likes
- 84,137
The Modi Govt via IOC will invest ₹24,000 Crore to set up 6 Petrochemical Projects around Vadodara, creating 25000 jobs. Projects include India's 1st Hydrogen Dispensing Facility for Fuel Cell Electric Vehicles & the mega LuPech Project for Petrochemicals.
www.thehindubusinessline.com
IOC inks MoU with Gujarat to invest ₹24,000 cr in petrochem projects
The projects will create employment opportunity for 25,000 people
- Joined
- Jan 26, 2021
- Messages
- 7,301
- Likes
- 27,601
Gas pipeline ??The Modi Govt via Petronet LNG will invest ₹18,700 Crore to ramp up gas infra across India: —₹8,000 Cr to set up 1000 LNG Stations. —₹4,000 Cr to set up 100 CBG Plants over 3 years. —₹4500 Cr at Dahej Terminal —₹1500 Cr on upcoming East Coast Terminal.
Petronet to invest ₹187 bn in next five years, set up 1,000 LNG stations
The company has planned a ₹67 billion budget to expand its 17.5-million-tonne per annum (mtpa) Dahej terminal on the West coast to 22.5 mtpa, building a new jetty and Liquefied Natural Gas (LNG) tanks at Kochi terminal and a new terminal on the East coastwww.livemint.com
