Indian Economy: News and Discussion

Knowitall

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Great more incentives for smart and capable people to leave this country just what we wanted.

Should not expect anything from this govt. They can very well take us all to the gutter as long as they get votes.
 

SKC

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HitmanBlood

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ezsasa

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3 dubai's minimum.

if @Chandragupt Maurya becomes CM then one new york maybe.
he is severely over estimating the value of gold, one tonne processed gold is worth about 45 million $.

An properly planned expressway in Bihar will fetch more revenue per annum than gold, without causing environmental degradation that gold mining does.
 
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Lonewolf

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They are destroying meritocracy for votebank politics and here we are dreaming about becoming next superpower, a vishwaguru.
Why should we study anymore when they themselves are strengthening jai bheem scums , i thought of a system where there would be no reservations , but modi chutiya h , i feel that this government is more of a sabotage to our goals , all of them are just closet liberandu , so thst real right wing never develop
 

ezsasa

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Sad reality is that any political party that removes reservation will never ever win in any election. CAA, NRC, removal of article 370 and even UCC is nothing compared to what removal of reservations will result into. I am pretty sure we are never ever going to have 0% reservation in this country.
wrong thread mate..
 

warriorextreme

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he is severely over estimating the value of gold, one tonne processed gold is worth about 45 million $.

An properly planned expressway in Bihar will fetch more revenue per annum than gold, without causing environmental degradation that gold mining does.
Correct, he thinks gold is some kind of magic wand that will solve all problems. In reality gold is an alternative to USD which countries maintain in their reserves as an Insurance policy against probable devaluation of USD.
 

Haldilal

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Ya'll Nibbiars CRED is HQ in Mumbai?. I thought it's Bengaluru based start up's. Why it's shifted It's HQ to Mumbai why?.
 

Chandragupt Maurya

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he is severely over estimating the value of gold, one tonne processed gold is worth about 45 million $.

An properly planned expressway in Bihar will fetch more revenue per annum than gold, without causing environmental degradation that gold mining does.
Which means 45 billion dollars per thounsad tonnes and 45 trillion dollars per million tonne
The estimated primary gold ore reserves in Bihar is 220 million tonnes (44% of 500 million tonnes)
 

Chandragupt Maurya

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Correct, he thinks gold is some kind of magic wand that will solve all problems. In reality gold is an alternative to USD which countries maintain in their reserves as an Insurance policy against probable devaluation of USD.
Why state governments shouldn’t have ownership rights over there gold ore reserves?
 

Haldilal

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Why state governments shouldn’t have ownership rights over there gold ore reserves?
Ya'll Nibbiars start ups by cities. Its a natural interest owned by the GOI. With percent distru ef among the state and Central but the final decision is made by the GOI as a rare material. They have the final say. Like in most of the countries.
 

sorcerer

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3 India-based enterprises among UN Best Small Business winners

IBEF: July 29, 2021


Three Indian businesses are among the winners of a United Nations-sponsored global competition for the "Best Small Businesses" that provide creative, varied, and impactful solutions for increasing access to healthy and sustainable food.

Fifty small and medium-sized businesses from all around the globe have been named the Best Small Businesses of the UN Food Systems Summit's "Good Food for All" competition.

Edible Routes Private Limited, Oorja Development Solutions India, and Taru Naturals are the winners from India.

The 50 winners were chosen from almost 2,000 applications from 135 countries, and their solutions to improve access to nutritious, sustainable food are inspiring, diverse, and impactful. The UN stated in a statement on Tuesday that they will also split US$ 100,000 in monetary rewards.

"Small businesses are the unsung heroes of our food systems," said Dr. Agnes Kalibata, Special Envoy of the UN Secretary-General for the 2021 Food Systems Summit. "They manage at least half of our food economy and keep food on our tables throughout the Covid epidemic."

“We must recognise the problems they confront and collaborate to ensure that they stay in the forefront of efforts to enhance the future of food.”

According to the company's profile, Edible Routes, established by Mr. Kapil Mandawewala, provides clients with simple access to naturally and locally farmed, fresh farm products. Its business concept provides city people with agricultural allotments within an hour's drive, with enough space to feed 220 families.

“Teach people to produce their own food and become stewards of community supported agriculture,” according to the company's training courses and seminars.

“With growing urbanisation, our idea of maximising the use of urban places to produce fresh farm food has enormous potential,” it stated.

Oorja is a farming-as-a-service (FaaS) firm that works at the "crossroads of sustainable agriculture and renewable energy." According to the company's profile on the UN Food Systems Summit community website, it finances, installs, and maintains solar energy systems for agricultural use, as well as selling farmers cheap and dependable irrigation, milling, and cooling services to help them transition from diesel to solar.

Oorja, which was founded and is managed by Mr. Amit Saraogi and Dr. Clementine Chambon, has a staff of 18 employees in India and has so far executed 24 solar projects that have benefited close to 2,000 people and saved 30 tonnes of CO2.

Ms. Ruchi Jain created TARU Naturals and Organics, a grassroots movement of 10,000 tribal and small-scale farmers across India. It is a fair-trade network that connects farmers to markets with nutritious, clean, and organic products.

“Building self-sufficiency across the value chain ecosystem for farm produce, intervening with climate resilient agriculture, clean post-harvest technologies, value-added goods, and market linkages,” the company stated. We want to ensure that rural livelihoods are secure and that small-scale farmer earnings are doubled.”

Each winner was chosen based on how their company contributes to healthier, more sustainable, and equitable food for the communities it serves, the strength of their future vision, and how well they communicate their company's present and future impact, according to the UN.

Youth make up half of the winners, while women make up nearly half. There are 42 nations represented among the winners.
 

ezsasa

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Which means 45 billion dollars per thounsad tonnes and 45 trillion dollars per million tonne
The estimated primary gold ore reserves in Bihar is 220 million tonnes (44% of 500 million tonnes)
Notice the last column from the same govt report based on which 44% number came from.
Bihar's 220 million tonnes are fetching only 37.6 tonnes of final Gold , i.e 1.6 billion $.
while karnataka has 310 tonnes of primary gold metal remaining.
China produces 300 tonnes of Gold per year.
Screen Shot 2021-07-29 at 7.12.46 PM.png
 
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Haldilal

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Ya'll Nibbiars within one years this will be the unicorns based by cities. And within a FY year the numbers of the start ups would be more than double from 51 to 104.

Bengaluru. 28.

Mumbai. 20.

NCR. 19.

Pune 8.

Hyderabad 8.

Chennai 7.

Out of India 14.
 

sorcerer

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More than 70% of equipment used in generation of Wind Power manufactured in India

Generation Based Incentive (GBI) to Wind Projects

Concessional custom duty exemption on components for wind electric generators


Posted On: 29 JUL 2021 2:54PM by PIB Delhi



Govt. have put in place a system of Approved List of Models and Manufacturers, and only equipment manufactured by manufacturers in the approved list is allowed to be used for Wind Energy Projects. More than 70 percent of the equipment is manufactured in India. The Government has taken several steps to promote renewable energy, including wind energy, in the country. These include:


  • · Permitting Foreign Direct Investment (FDI) up to 100 percent under the automatic route,
  • Waiver of Inter State Transmission System (ISTS) charges for inter-state sale of solar and wind power for projects to be commissioned by 30th June 2025,
  • Declaration of trajectory for Renewable Purchase Obligation (RPO) up to the year 2022,
  • Setting up of Ultra Mega Renewable Energy Parks to provide land and transmission to RE developers on a plug and play basis,
  • Laying of new transmission lines and creating new sub-station capacity for evacuation of renewable power,
  • Setting up of Project Development Cell for attracting and facilitating investments,
  • Standard Bidding Guidelines for tariff based competitive bidding process for procurement of Power from Grid Connected Solar PV and Wind Projects.
  • Government has issued orders that power shall be dispatched against Letter of Credit (LC) or advance payment to ensure timely payment by distribution licensees to RE generators.
  • Conducting skill development programmes to create a pool of skilled manpower for implementation, operation and maintenance of RE projects.
  • In addition to the above, the following steps have been taken specifically for promoting wind energy:
  • Concessional custom duty exemption on certain components required for manufacturing of wind electric generators.
  • Generation Based Incentive (GBI) is being provided to the wind projects commissioned on or before 31 March 2017.
  • Technical support including wind resource assessment and identification of potential sites through the National Institute of Wind Energy, Chennai.




The wind resource is highly site specific and its commercially exploitable potential is available only in seven States i.e. Andhra Pradesh, Gujarat, Tamil Nadu, Madhya Pradesh, Maharashtra, Rajasthan and Karnataka. Wind power projects are set up by private developers based on techno-economic viability of the project.


Tenders to set up wind power projects of a cumulative capacity of 20,000 MW have been invited by various central and state agencies in the country, out of which 14,332 MW projects have been awarded. A cumulative of 39,486 MW capacity of wind power projects have been installed in the country, as on 30.06.2021


This information was given by Union Minister for Power and New and Renewable Energy, Shri R.K. Singh in a written reply in Lok Sabha today.
 

Kumata

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he is severely over estimating the value of gold, one tonne processed gold is worth about 45 million $.

An properly planned expressway in Bihar will fetch more revenue per annum than gold, without causing environmental degradation that gold mining does.
And expressway will be consistent income for next 20 years or so for sure!!!!!!!!!!
 

ezsasa

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Which means 45 billion dollars per thounsad tonnes and 45 trillion dollars per million tonne
The estimated primary gold ore reserves in Bihar is 220 million tonnes (44% of 500 million tonnes)
Funny thing is i know about this rabbit hole that mind goes thru when it is about mining.

7 years ago, a proposal for partnership of a iron ore mine came to me. i was naive and didn't know about this industry and me too did all this silly calculations of billions of $ initially before the reality check fell on top of my head like a tonne of bricks.

it was a good life lesson for me.
 

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