Indian Economy: News and Discussion

another_armchair

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because there were two slabs for these items, branded/packed & unbranded/loose.

-branded packed were 5% even earlier, unbranded packed & loose no GST.
-some companies who were selling branded packed before, were removing their branded labels from their packets and undercutting the sales of companies who were willing to pay GST.
-now there is level playing field, for all packed staple items.
-no GST even now for loosely sold staples, target group is EWS.
- companies like mother dairy have absorbed the GST hike, and increased milk price by 1 or 2 ₹.
There was no GST on milk and curd.
 

ezsasa

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They are managing core inflation because we have attained a fair bit of self sufficiency in the core sector of consumption and staples at least.

Food security is more than adequate except for edible oils.

Pulses except for the market driven shock in 2015, has been largely under check.

Milk - self sufficient.

Pharmacy - self sufficient in generics and other medications at least.

What is beyond our control? Fuel.

How can we even compare inflation in India to say a country in Europe or Singapore where they don't have the same luxury as ours?

Petrol at gas station in US is still cheaper than in India by at least 7-10 rupees when I last checked.
singapore is a basket case autocracy, no a free market economy in my view. chicken import from malaysia is still a news headline on their international channel for past one month.

U.S produce their own oil, their oil fundamentals are different.
 

Kumata

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- companies like mother dairy have absorbed the GST hike, and increased milk price by 1 or 2 ₹.
For the record talking of motherdiary.. a Kg of curd which used to be 65 is now 69 re which is 4 re a kg not 1-2 and milk is even more for full cream.

Not making much diff to me but for a EWS guy..it will mean he will resort to smaller units...Same is the case with noddles etc. companies have reduced quantities to keep the price same.
 

Shuturmurg

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singapore is a basket case autocracy, no a free market economy in my view. chicken import from malaysia is still a news headline on their international channel for past one month.

U.S produce their own oil, their oil fundamentals are different.
Singapore is basket case !! 🤡
Singapore is not free market !! 🤡🤡

WTF are you smoking dude. Singapore is the freest economy.
 

Knowitall

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HRZD Ragav Chanda schooled by FM.

Moron was last seen waging fingers on GST levied on local hotels around Golden Temple Amritsar.

Did anyone even watch the video lol.

He asks her something she tells him something else. JNU commie thinks we are all stupid like her and she can continue to hike prices and no one would bat an eye.

I never understood her arrogance honestly. Acting all high and mighty during an inflation crises by fucking up everyone with reatrded level of taxes and then acting all high and mighty.
 
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ezsasa

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karn

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Singapore is basket case !! 🤡
Singapore is not free market !! 🤡🤡

WTF are you smoking dude. Singapore is the freest economy.

Go through this bhrata .. It is a pretty dystopian system . But the people there accept it .Indians and most other peoples would not accept such a system.
 

Shuturmurg

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Go through this bhrata .. It is a pretty dystopian system . But the people there accept it .Indians and most other peoples would not accept such a system.
I know its one party state. Have family there. Its a benevolent dictatorship (as benevolent as a dictatorship can be).
And people accept it because people have seen their country go from lower middle income to one of the richest countries on earth in 50 years.
Deng took inspiration from SIngapore itself, for Chinas development.
 

hit&run

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Did anyone even watch the video lol.

He asks her something she tells him something else. JNU commie thinks we are all stupid like her and she can continue to hike prices and no one would bat an eye.

I never understood her arrogance honestly. Acting all high and mighty during an inflation crises because by fucking up everyone with reatrded level of taxes and then acting all high and mighty.
Her statement was to point. Only lol is to those who have tunnel view vision on economy and want to diss GST when their own governments are part of the policy-making.

She covered all his charges pretty well.

There are people on this forum who first said she will not come out to debate. Now they are saying she is too arrogant.

That dickhead Chadda do not know the very basic of supply and demand calculous. Mixing microeconomic volatility with macro is last resort of all wanna be economists.
 

Shuturmurg

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who decides how many apartments are for sale each year in SG, builders or govt?
No country has 100% free market.
Housing sector and vehicles are the exception in Singapore. Reason being super limited space.
They don't want people hoarding housing since space is so limited and also they use housing to engineer social cohesion by maintaining racial composition of each neighbourhood, by preventing formation of Ghettos.
 

hit&run

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No country has 100% free market.
Housing sector and vehicles are the exception in Singapore. Reason being super limited space.
They don't want people hoarding housing since space is so limited and also they use housing to engineer social cohesion by maintaining racial composition of each neighbourhood, by preventing formation of Ghettos.
Singapore is a formal economy compare to India where the taxman has to negotiate for his revenues with every sort of parallel economy thus make crude adjustments.
 

ezsasa

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No country has 100% free market.
Housing sector and vehicles are the exception in Singapore. Reason being super limited space.
They don't want people hoarding housing since space is so limited and also they use housing to engineer social cohesion by maintaining racial composition of each neighbourhood, by preventing formation of Ghettos.
either way, comparisions between Giant India and a city state where one can run one end to other in a full marathon is not apt.
 

another_armchair

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For the record talking of motherdiary.. a Kg of curd which used to be 65 is now 69 re which is 4 re a kg not 1-2 and milk is even more for full cream.

Not making much diff to me but for a EWS guy..it will mean he will resort to smaller units...Same is the case with noddles etc. companies have reduced quantities to keep the price same.
EWS guy won't resort to smaller units.

Bulk consumers will look for ingenious ways to maintain their margins and that needs no elaboration.
 

FalconSlayers

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Another success story of mudi. Muh fastest growing economy
Phake Newj you anti-nashnul scamgressi!
 

ezsasa

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Ah good you pointed that out.

Comparing India to a country in Europe which is not self sufficient in food, energy, labor and other goods would be an unfair comparison too.
question was about lifestyle goods by kumata, i chose to reply with hot global topic of recession in news at the moment and so called advanced economies. go back and check the conversation you brought in singapore in to this, which yourself said was not comparable last month.
there is a limit to how much i can think like others mate. :truestory:
 

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