Indian Economy: News and Discussion

[FalconSlayers]

I don't get it what's the logic of connecting Europe and India through freight.
Wouldn't the costs sky rocket.
What is there in India that the Euros can't get from their proximity.

This is a corrdor that connects India to Europe that doesn’t mean only India and Europe use it, all countries who are part of the corridor project Including India and Finland use this corridor for trade.

 

[afako]

I don't get it what's the logic of connecting Europe and India through freight.
Wouldn't the costs sky rocket.
What is there in India that the Euros can't get from their proximity.

Mercantile Trade through Suez of Canal takes 40 days. This multi modal Transport cuts down that to 25 days to mainland Europe.

Imagine if we take back POK and build a line via Afghan Wakhan corridor through Tajikistan and join the European line. This will be a game changer that first time in hundreds of years Indian mainland will be directly connected with Europe.

 

[sauntheninja]

Formation of new companies soars in FY21, with a Covid bent

Sectors whose business found salience during the lockdown, such as health & social work, agriculture, education, wholesale trade, retail trade, recreation and sewage & sanitation, drove the surge in company formations.

economictimes.indiatimes.com

PLI scheme doesn't compensate for obstacles in uncompetitive environment: Maruti chairman RC Bhargava

He advocated for policies that are directed at making manufacturing competitive by bringing down costs to make it affordable for domestic and international markets. "The PLI scheme will help certain sectors and products. It cannot compensate for the obstacles of being uncompetitive," Bhargava...

economictimes.indiatimes.com

 

[SKC]

I don't get it what's the logic of connecting Europe and India through freight.
Wouldn't the costs sky rocket.
What is there in India that the Euros can't get from their proximity.

Its not that costly. Container ships also take weeks to move the containers from one part to another part of the world. Similarly it will take over a week to move one train completely from Indian to Finland but again if you are moving big 1KM+ length train completely full then you will meet your margins well.

 

[Haldilal]

Ya'll Nibbiars

Reliance Jio, the largest wireless operator in India needs tariff hikes as its financials are “weak,” analysts said. Jio Platforms, a subsidiary of Reliance Industries recorded Rs 3508 crore as consolidated net profit for the quarter ended March 31, 2021, translating to a 47.5% year-over-year (YoY) increase. The development was shared by Reliance Industries on Friday with the company also highlighting that Jio Platforms recorded Rs 18,278 crore as consolidated revenue in its fourth quarter of the previous financial year. Further, Reliance Jio, the wholly-owned subsidiary of Jio Platforms recorded 31 million gross subscriber additions in the fourth quarter of the previous financial year.

Crucially, the largest wireless operator in India recorded average revenue per user (ARPU) of Rs 138.2 per month during the quarter. In the third quarter of the previous financial year, Reliance Jio recorded an ARPU of Rs 151, with the company highlighting that the dip in the fourth quarter is due to the Bill and Keep regime that the industry transitioned to, effective January 1, 2021. the 1.4% quarter-on-quarter (QoQ)increase in net revenue reported by Reliance Jio in the fourth quarter was “one of the slowest,” since the company started reporting financials. The financial firm engaged in the trading markets said that the ARPU reported by Reliance Jio was lower than its estimate of Rs 142, largely “due to negative impact” of interconnect usage charges (IUC) abolition.

In the simple word Jio is almost not making any significant profits similar to the Airtel, VI, BSNL.

 

[FalconSlayers]

 

[FalconSlayers]

 

[SKC]

Ya'll Nibbiars

Reliance Jio, the largest wireless operator in India needs tariff hikes as its financials are “weak,” analysts said. Jio Platforms, a subsidiary of Reliance Industries recorded Rs 3508 crore as consolidated net profit for the quarter ended March 31, 2021, translating to a 47.5% year-over-year (YoY) increase. The development was shared by Reliance Industries on Friday with the company also highlighting that Jio Platforms recorded Rs 18,278 crore as consolidated revenue in its fourth quarter of the previous financial year. Further, Reliance Jio, the wholly-owned subsidiary of Jio Platforms recorded 31 million gross subscriber additions in the fourth quarter of the previous financial year.

Crucially, the largest wireless operator in India recorded average revenue per user (ARPU) of Rs 138.2 per month during the quarter. In the third quarter of the previous financial year, Reliance Jio recorded an ARPU of Rs 151, with the company highlighting that the dip in the fourth quarter is due to the Bill and Keep regime that the industry transitioned to, effective January 1, 2021. the 1.4% quarter-on-quarter (QoQ)increase in net revenue reported by Reliance Jio in the fourth quarter was “one of the slowest,” since the company started reporting financials. The financial firm engaged in the trading markets said that the ARPU reported by Reliance Jio was lower than its estimate of Rs 142, largely “due to negative impact” of interconnect usage charges (IUC) abolition.

In the simple word Jio is almost not making any significant profits similar to the Airtel, VI, BSNL.

They have spent such a big amount in setting up the 4G and now 5G networks that it will take ages to recover the money. The spectrum is itself so costly in India.

 

[FalconSlayers]

They have spent so big amount in setting up the 4G and now 5G networks that it will take ages to recover the money. The spectrum is itself so costly in India.

For telecom companies, 18% GST should be reduced to 5% to help our digital economy flourish, as wuhan virus will always stay with us, so lockdowns and all other BS will happen every year, so I even have doubt on PLI scheme to become a success as any future lockdown will make the companies unable to meet their production targets.

 

[SKC]

For telecom companies, 18% GST should be reduced to 5% to help our digital economy flourish, as wuhan virus will always stay with us, so lockdowns and all other BS will happen every year, so I even have doubt on PLI scheme to become a success as any future lockdown will make the companies unable to meet their production targets.

ya for such basic day to day use thing which affect almost complete population the Tax rate should be 5% or less if possible.

 

[FalconSlayers]

Biological-E, Gennova mRNA vaccine under development, Sputnik-V and now Covavax under production.

 

[ezsasa]

They have spent so big amount in setting up the 4G and now 5G networks that it will take ages to recover the money. The spectrum is itself so costly in India.

Reliance has already recovered twice the investment already, and we are in just 5th year of Jio being operational.

if I recall correctly, Jio total investment was 1.5 lakh crore, as per mota bhai speech in 2014-15.
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Reliance raised Rs 3,24,432 cr capital through equity sale in Jio Platform and retail, rights issue, asset monetisation: Mukesh Ambani

 

[SKC]

For telecom companies, 18% GST should be reduced to 5% to help our digital economy flourish, as wuhan virus will always stay with us, so lockdowns and all other BS will happen every year, so I even have doubt on PLI scheme to become a success as any future lockdown will make the companies unable to meet their production targets.

We still have so much problem with items put in Wrong Tax bucket in GST.
Items which should be in 5% are in 18 or 24%. Similarly many items in 5% can be put to 12% or even 18%.
Devi Nirmala Mataji should spent time on putting correct items in correct tax bucket for one year. Lot of Things will short out with economy by this only.

 

[FalconSlayers]

We still have so much problem with items put in Wrong Tax bucket in GST.
Items which should be in 5% are in 18 or 24%. Similarly many items in 5% can be put to 12% or even 18%.
Devi Nirmala Mataji should spent time on putting correct items in correct tax bucket for one year. Lot of Things will short out with economy by this only.

Yes I don’t even understand why do I pay so much taxes on important stuff but pay a lot less on useless stuff.

 

[FalconSlayers]

So we will miss our target of 175 GW by 2022 #IndiaAt75 by a significant margin.

 

[FalconSlayers]

 

[SKC]

Reliance has already recovered twice the investment already, and we are in just 5th year of Jio being operational.

if I recall correctly, Jio total investment was 1.5 lakh crore, as per mota bhai speech in 2014-15.
==========
Reliance raised Rs 3,24,432 cr capital through equity sale in Jio Platform and retail, rights issue, asset monetisation: Mukesh Ambani

That's money raised by Reliance Group as a whole. It Can Not be adjusted or equated with individual company or group within the Reliance.

 

[Suryavanshi]

Some positivity for this thread.

If the people want than they can turn the whole desert green.

 

[FalconSlayers]

I feel wuhan virus will stay forever to fvck world economy, today we can stay safe with vaccines but tomorrow vaccine/anti-body resistant wuhan virus variants will arrive, lockdowns will continue to stay. 3rd wave will supposedly happen by delta+ variant which affects the grey matter of the brain of the patient. Underestimation that it’s going to be less worse than 2nd wave is already happening. China completely shattered the short term and long term growth of it’s opponents, the ones least affected are China’s dogs like Pakistan, North Korea, Sri Lanka and Bangladesh.

 

[ezsasa]

That's money raised by Reliance Group as a whole. It Can Not be adjusted or equated with individual company or group within the Reliance.

Even if you want to look at it from a Jio perspective, he recovered all his Jio investment in Jul 2020 itself, by selling 10% stake if I recall correctly.

10 deals in 53 days! Jio Platforms rakes in whopping Rs 1.04 lakh cr -- A timeline

JPL was created as a subsidiary of RIL in October last year to bring together all digital and mobility businesses under one roof; new entity has become parent of Reliance Jio Infocomm and applications like MyJio, JioTV, JioCinema, JioNews and JioSaavn

www.businesstoday.in