Indian Economy: News and Discussion

[iBaaz]

It gets skewed due to high packages of the Top 50-100 students.

Outside that take the mean again and it will be below 10Lac only.

 

[SKC]

View attachment 205320

Thats great! Kanpur the real OG!

Still good difference in avg and median. CSE hovering above 30-40lacs!!

 

[BABAJI321]

View attachment 205320

Do tell me about Mathematics ; its good, infact better than almost everything
Is it regular maths or something different.

 

[jai jaganath]

Tiers of College:
Tier 1
-All IITs
-Top NITs
-Top IIITs
-BIT
-Jadavpur

Tier 2
-Bottom NIT
-VIT
-SRM
-KIIT
-Top Karnataka Colleges

Tier-3
-Techno India
-Most Kolkata based Enginnering college
-State Colleges.

Tier-4
-The enginnering college You have never heard about.
-Bihar gov Tech college.

Ig manipal institute might come in tier 2

 

[jai jaganath]

Tiers of College:
Tier 1
-All IITs
-Top NITs
-Top IIITs
-BIT
-Jadavpur

Tier 2
-Bottom NIT
-VIT
-SRM
-KIIT
-Top Karnataka Colleges

Tier-3
-Techno India
-Most Kolkata based Enginnering college
-State Colleges.

Tier-4
-The enginnering college You have never heard about.
-Bihar gov Tech college.

Sorry to say sir but it's bit vague
I mean there are many other Colleges that has its place in Tier 2
Like vjti coep manipal top telengana govt college madras institute of tech etc.
Few other colleges I couldn't recall

 

[SKC]

 

[Lonewolf]

Do tell me about Mathematics ; its good, infact better than almost everything
Is it regular maths or something different.

Kind of drastically maths followed by programming

 

[ezsasa]

sarkari company's definition of phrases like "remarkable" and "state of art" are a bit different from rest of the world

 

[SKC]

sarkari company's definition of phrases like "remarkable" and "state of art" are a bit different from rest of the world

Mumbai-High is currently contributing to 14% of India's total oil production and 26% of gas production.

So, how much can these two new field contribute to this?

 

[ezsasa]

Mumbai-High is currently contributing to 14% of India's total oil production and 26% of gas production.

So, how much can these two new field contribute to this?

was trying to look it up before writing that post, couldn't find the official numbers.

 

[sameer3694]

Glad that this tweet is coming from the PM's EAC.

 

[SKC]

was trying to look it up before writing that post, couldn't find the official numbers.

Lets see if it is able to make any dent in Oil and Gas Imports.

Currently Mumbai High is producing 38% of the Domestic Oil production.

 

[karn]

Lets see if it is able to make any dent in Oil and Gas Imports.

Currently Mumbai High is producing 38% of the Domestic Oil production.

Gas maybe, oil not so much considering 85% of crude is imported with gas fluctuating between 40 - 60%.

 

[another_armchair]

https://mopng.gov.in/en/exp-and-prod/production

Table: State-wise Crude Oil Production Trends (Thousand Metric Tonnes)

State/Source​	2014-15​	2015-16​	2016-17​	2017-18​	2018-19​	2019-20 (Upto Dec'19)​
Onshore​
Andhra Pradesh​	254​	295​	276​	322​	296​	182​
Arunachal Pradesh​	69​	57​	55​	50​	43​	41​
Assam​	4,473​	4,185​	4,203​	4,345​	4,309​	3,090​
Gujarat​	4,653​	4,461​	4,605​	4,591​	4,626​	3,527​
Rajasthan​	8,848​	8,602​	8,165​	7,887​	7,667​	5,205​
Tamil Nadu​	241​	261​	284​	345​	395​	310​
Total Onshore​	18,538​	17,861​	17,588​	17,540​	17,336​	12,355​
Share of PSUs (excluding JV share)​	9,482​	9,051​	9,192​	9,386​	9,367​	6,913​
Share of Private/JV​	9,056​	8,810​	8,396​	8,154​	7,969​	5,442​
Offshore​
Share of PSUs (excluding JV share)​	16,194​	16,543​	16,284​	16,240​	14,969​	10,829​
Share of Private/JV​	2,729​	2,546​	2,137​	1,905​	1,899​	1,192​
Total Offshore​	18,923​	19,089​	18,421​	18,145​	16,868​	12,021​
Grand Total​	37,461​	36,950​	36,009​	35,684​	34,203​	24,376​
Share of PSUs (excluding JV share)​	25,676​	25,594​	25,476​	25,625​	24,335​	17,747​
Share of Private/JV​	11,785​	11,356​	10,533​	10,059​	9,868​	6,634​

In FY 2018-19 (P), the share of offshore crude oil production is about 50.01%. The remaining crude oil production was from 6 States viz., Andhra Pradesh (0.87%), Arunachal Pradesh (0.13%), Assam (12.50%), Gujarat (13.53%), Rajasthan (21.82%) and Tamil Nadu (1.15%).

 

[SKC]

https://mopng.gov.in/en/exp-and-prod/production

Table: State-wise Crude Oil Production Trends (Thousand Metric Tonnes)

State/Source​	2014-15​	2015-16​	2016-17​	2017-18​	2018-19​	2019-20 (Upto Dec'19)​
Onshore​
Andhra Pradesh​	254​	295​	276​	322​	296​	182​
Arunachal Pradesh​	69​	57​	55​	50​	43​	41​
Assam​	4,473​	4,185​	4,203​	4,345​	4,309​	3,090​
Gujarat​	4,653​	4,461​	4,605​	4,591​	4,626​	3,527​
Rajasthan​	8,848​	8,602​	8,165​	7,887​	7,667​	5,205​
Tamil Nadu​	241​	261​	284​	345​	395​	310​
Total Onshore​	18,538​	17,861​	17,588​	17,540​	17,336​	12,355​
Share of PSUs (excluding JV share)​	9,482​	9,051​	9,192​	9,386​	9,367​	6,913​
Share of Private/JV​	9,056​	8,810​	8,396​	8,154​	7,969​	5,442​
Offshore​
Share of PSUs (excluding JV share)​	16,194​	16,543​	16,284​	16,240​	14,969​	10,829​
Share of Private/JV​	2,729​	2,546​	2,137​	1,905​	1,899​	1,192​
Total Offshore​	18,923​	19,089​	18,421​	18,145​	16,868​	12,021​
Grand Total​	37,461​	36,950​	36,009​	35,684​	34,203​	24,376​
Share of PSUs (excluding JV share)​	25,676​	25,594​	25,476​	25,625​	24,335​	17,747​
Share of Private/JV​	11,785​	11,356​	10,533​	10,059​	9,868​	6,634​

Offshore crude production accounts for over 30% of total crude production. How many offshore wells do we have besides Bombay High?

Bombay alone is doing 38% of the domestic production as what I can see in online reports.

Interesting fact is that Assam is still producing Oil in significant quantity even after over 100 years. First refinery there as setup in 1890s.

 

[SKC]

Mumbai-High is currently contributing to 14% of India's total oil production and 26% of gas production.

So, how much can these two new field contribute to this?

New Oil field was discovered in Rajasthan also last year. Vedanta Group won bid for those fields.

 

[another_armchair]

Bombay alone is doing 38% of the domestic production as what I can see in online reports.

Interesting fact is that Assam is still producing Oil in significant quantity even after over 100 years. First refinery there as setup in 1890s.

A friends dad was with ONGC and he used to boast that all oil discoveries were marked for future extraction and not made public. Claimed tons of oil in NE, Bengal delta region, Bay of Bengal, Andamans area.

Plenty of oil and gas around peninsular India and off Indian coast.

Does it explain Uncle's interest in NE & South India in particular?

Rumors flew thick over YSR's chopper crash.. with claims of a deep state hit over gas extraction & exploration in the Godavari basin though it didn't find much traction and rightly so.

 

[sameer3694]

Lets see if it is able to make any dent in Oil and Gas Imports.

Currently Mumbai High is producing 38% of the Domestic Oil production.

Does anyone know about the status of oil in the Andamans? I remember reading an article few years ago that there were supposedly billions of barrels of crude in there. The ocean around Andaman and Nicobar Islands falls under the 60,000 Km subduction zone of Indo-Australian plates; and subduction zones in general are a huge potential for crude oil.

Is there a possibility of vast unexplored oil reserves in India?

While India imports whopping amounts of crude oil & natural gas to meet her domestic fuel demand by paying thousands of crores to West Asian Nations, Indonesia is benefiting its national economy by extracting the oil & natural gas reserves present in the Andaman & Nicobar region, entirely due to our

www.linkedin.com

 

[SKC]

A friends dad was with ONGC and he used to boast that all oil discoveries were marked for future extraction and not made public. Claimed tons of oil in NE, Bengal delta region, Bay of Bengal, Andamans area.

Plenty of oil and gas around peninsular India and off Indian coast.

Does it explain Uncle's interest in NE & South India in particular?

Rumors flew thick over YSR's chopper crash.. with claims of a deep state hit over gas extraction & exploration in the Godavari basin though it didn't find much traction and rightly so.

Rumors only. If there was this much of Oil, then even Congress Govt would have started its extraction.

Even Imran Khan boasted of discovery of Oil in shores near Pak borders. But it was all fake news.

However, it was really claimed that Krishna-Godavari complex has world's largest Gas Reserves of the world when the field was first found.
But this did not turn out to be true.

 

[another_armchair]

Centre asks ONGC to give 60% stake in Mumbai High, Bassein fields to foreign cos

According to the Oct 28 letter, he said the redevelopment projects will raise recovery of the mature and continuously declining Mumbai High field from 28 per cent to 32 per cent, 'which is quite low'

www.livemint.com

The petroleum ministry has told ONGC to give away 60% stake plus operating control in India's largest oil and gas producing fields of Mumbai High and Bassein to foreign companies, according to an October 28 letter to the state-owned company.

This article keeps appearing every 5 years. Remember reading the same proposal by Amar Nath around 2014-15.