Indian Economy: News and Discussion

[FalconSlayers]

Ya'll Nibbiars

The Income Tax department has notified that Patanjali Research Foundation Trust, Haridwar, is a research associate for scientific research, and hence a business entity that pays any amount to the foundation for scientific research will be eligible to claim the said expense as a deduction from business income under section 35 of the Income Tax Act, thereby reducing their tax outgo.

The said notification will be in effect from 2021-22 to 2026-27. Even as some feel that the notification ‘reeks’ of favouritism, a tax department spokesperson has clarified that it is a routine process followed in case of each research association and nothing is out of the way about the Patanjali notification.

It is a requirement under section 35(1)(ii) of the Income Tax Act that an entity when found to be genuinely into scientific research the approval should be notified. Usually, it’s a long process and the department does its due diligence before giving such approval, and hence each approval is notified through official notification.

Meanwhile, Patanjali Group on Tuesday said it has achieved a turnover of around Rs 30,000 crore in the fiscal 2020-21, helped by a revenue boost of Rs 16,318 crore from Ruchi Soya a company it had acquired last fiscal through insolvency resolution.

Hydrogen plant

 

[doreamon]

Many things happening down south



This one said to be investment of 58k crores + 20k crores in two phases


Also this . We may expect imact may nt be long term .

 

[Varoon2]

Dont know get this obsession with skyscrapers russia's economy is in decline this is just a way to project power

Right on, let's not get India into a skyscraper competition!

 

[SKC]

Right on, let's not get India into a skyscraper competition!

Competition to tab hoga jab ek bhi Skyscraper hoga!
We don't even have 1 single 300 plus mtr tower. What competition?

 

[Haldilal]

Competition to tab hoga jab ek bhi Skyscraper hoga!
We don't even have 1 single 300 plus mtr tower. What competition?

Ya'll Nibbiars we have Paraiso Royale 320 meter now almost completed the interior work is going on in full.

 

[SKC]

Ya'll Nibbiars we have Paraiso Royale 320 meter now almost completed the interior work is going on in full.

Great atleast 1 is there now!

 

[FalconSlayers]

Great atleast 1 is there now!

I went to Noida yesterday, I don’t know about it’s current height but Supertech Supernova construction seems to Be complete, now @Haldilal nibba will tell it’s height as it is a planned 300 metre tall skyscraper.

 

[Haldilal]

I went to Noida yesterday, I don’t know about it’s current height but Supertech Supernova construction seems to Be complete, now @Haldilal nibba will tell it’s height as it is a planned 300 metre tall skyscraper.

Ya'll Nibbiars at 260 meters.

 

[FalconSlayers]

 

[t 90s]

I don’t see Bangalore becoming next Shenzhen, look at Bangalore it looks like an ordinary Indian city, not a planned city like Shenzhen which looks far advanced, I mean look it yourself mate.




So I feel government should have had made a IT SEZ dedicated for it but they didn’t everything is clustered here and there.

Shining tall buildings doesn't mean development or anything. chinese skyscraper are going empty due to sky high prices for maintaince to Living & buying flats in those skyscrapers. same thing will happen in other east asian nations specially korea in future. Situation will be much worse though since population is going bust.

 

[FalconSlayers]

Shining tall buildings doesn't mean development or anything. chinese skyscraper are going empty due to sky high prices for maintaince to Living & buying flats in those skyscrapers. same thing will happen in other east asian nations specially korea in future. Situation will be much worse though since population is going bust.

I think they must have recovered the cost by now, they can anytime after recovering all costs of those skyscrapers make them idle if no one rents it.

 

[LondonParisTokyo]

Please read this intersting paper on sustainable homes. It uses a lot of Western European thinking, but is quite interesting and could be a way to help turn the hinterland around too. https://wrathofgnon.substack.com/p/how-to-build-a-small-town-in-texas

 

[Abdus Salem killed]

View attachment 100941

Disgraceful where is china

 

[afako]

The following real world study in Canada shoes that Astrazeneca aka Covisheild held up its own respect vs Mrna vaccines against all Variants.


So all Indian viens are getting the world best vaccines in Covisheild and Covaxin which held up comparably to gold standard Mrna vaccines whose real effectiveness against Delta is just 65% which is what both our vaccines achieved. Russian and Chinese vaccines have no real world data to back up their claims and Chinese ones are pathetic against Delta, their own admission. So no point in stuffing half of population with Chinese vaccines.

 

[Suryavanshi]

Just like Mumbai is undergoing reconstruction,similar thing might happen in smaller town once they gain prominense.

Suppose some poor folks has a small and cheap houses in some prime location.
A company can contact these people a price that maybe reasonable enough for them to give their house for demolishing and moving out to a different location.
The company can now construct new projects in that place.

 

[ezsasa]

Just like Mumbai is undergoing reconstruction,similar thing might happen in smaller town once they gain prominense.

Suppose some poor folks has a small and cheap houses in some prime location.
A company can contact these people a price that maybe reasonable enough for them to give their house for demolishing and moving out to a different location.
The company can now construct new projects in that place.

this mall in Vijayawada was a cattle shed with buffaloes.

 

[hit&run]

The guy pretty much shit on India for 6 minutes

Like I identified before. When they land in foreign countries and get attention they start barking against India. Haramzada was so eager to use word Hindu that it jumped on his tongue; like the script was already given to him; then stuttered and went about on usual trite.

Scum bag who must have risen in India using Indian education system primarily made competitive due to Hindu spirit of hard-work, focus and enterprise do not want to give credit to it but spinning a fictional story of Hindu fanaticism which is not even a minuscule when it comes to any policy making, administration and running of the federal Union. On the contrary it is Hindus who are on receiving end of Christo-Commie-Khali-Islamist onslaught ducking and running away with no avenues where they can be heard; including Judiciary.

The Wobbly spine reptile gave analogy of homogeneous society being a bane to growth and wealth creation at the same breath praised China and western economies which were absolute homogeneous when they became rich enough to experiment with luxuries like cultural diversity etc. Heck China is still homogenous and the so called diversity in western world is nothing but low to high end services recruitment when actual wealth is controlled by the old establishment which only releases the technology it invests in after it thinks can be now use on industrial scale with obviously pricey tags, royalties and stringent IPRs.

Hear the portion when he gave examples of Sri Lanka, BD and with a pause Pakistan. Clearly a librandu who doesn’t want to name Pakistan. But the main take away is the Inductive fallacy of association or guilty by association as he picks up very bad examples which are not ever close to us in any bloody way. Remember ‘Hindu Pakistan’.

Kutta is just out of his grace and suffer from anemia probably due to Chron’s disease otherwise a person with red blood should have observed by now how the people he is interacting do not diss their country in front of outsiders like rabid dogs and keep their concerns private.

 

[LondonParisTokyo]

Like I identified before. When they land in foreign countries and get attention they start barking against India. Haramzada was so eager to use word Hindu that it jumped on his tongue; like the script was already given to him; then stuttered and went about on usual trite.

Scum bag who must have risen in India using Indian education system primarily made competitive due to Hindu spirit of hard-work, focus and enterprise do not want to give credit to it but spinning a fictional story of Hindu fanaticism which is not even a minuscule when it comes to any policy making, administration and running of the federal Union. On the contrary it is Hindus who are on receiving end of Christo-Commie-Khali-Islamist onslaught ducking and running away with no avenues where they can be heard; including Judiciary.

The Wobbly spine reptile gave analogy of homogeneous society being a bane to growth and wealth creation at the same breath praised China and western economies which were absolute homogeneous when they became rich enough to experiment with luxuries like cultural diversity etc. Heck China is still homogenous and the so called diversity in western world is nothing but low to high end services recruitment when actual wealth and is controlled by the old establishment which only releases the technology it invests in after it thinks can be now use on industrial scale with obviously pricey tags, royalties and stringent IPRs.

Hear the portion when he gave examples of Sri Lanka, BD and with a pause Pakistan. Clearly a librandu who doesn’t want to name Pakistan. But the main take away is the Inductive fallacy of association or guilty by association as he picks up very bad examples which are not ever close to us in any bloody way. Remember ‘Hindu Pakistan’.

Kutta is just out of his grace and suffer from anemia probably due to Chron’s disease otherwise a person with red blood should have observed by now how the people he is interacting do not diss their country in front of outsiders like rabid dogs and keep their concerns private.

IMO people like this should have their OCI revoked and not be permitted to return to India. They must be cut off completely from their roots. I'm dead serious.

 

[indus]

Makes me remember this vdo

 

[afako]

Nike could run out of sneakers made in Vietnam as Covid crisis worsens, S&P Global warns

The warning comes after two of Nike's suppliers in Vietnam recently halted production due to a rapidly growing Covid outbreak in the region.

www.cnbc.com

Vietnam is soon going to be consumated by Delta. A company like Nike has 50% of its production in Vietnam and their supply chains have been disrupted.

Vietnam is the second largest shoes, apparel, electronics and furniture exporter after China. The next quarter is gonna affect the so called alternate supply chain from China badly. It's time for Indian Govt and State Govts to swoop in and promise everything and provide a fast turnaround time and take a good share of Vietnamese exports. Instead of these orders going back to China.


Another industry hit due to supply chain constraints. It's time for the Govt and our media to sell to the world a Non East Asia and Non South East Asia dependent Supply Chain. We need to get access to cheap consumable goods which fly off the shelf. This is where where volume is.