Indian Economy: News and Discussion

[Suryavanshi]

now...My Org used to pay 6 L some 6-7 yrs back.

For what tho?

 

[Kumata]

For what tho?

Protections money Nibba against any untoward incident and specialised services specific against local goondas...

 

[AnantS]

Our whole it industry is based on outsourcing how would this work exactly. In my example my client is from US using Microsoft products for general stuff and then using a US company based VPN why would they choose a Indian one in this scenario

Thats why I said Govt enforced firewall or policies forcing people/corps to use Indian solutions. Thats the only way to go. Its the only kind of PLI that Indian software ecosystem shall need to for it to rise.

 

[another_armchair]

Various Industries Must open and operate Apprentice Schools in hinterland. Actually investing in trade and technical education for hinterland - that should be the only CSR avenue for Industries. We should ensure hinterland produces skilled force.

I think it was attempted and it miserably failed.

 

[Suryavanshi]

I think it was attempted and it miserably failed.

Where tho?
It did not happen anywhere I know
How many gormint run CNC training workshop do you see around your state?
A diploma student can do Training and earn 15 k as a CNC operator. This is way better job than a daily wage laborer.

 

[another_armchair]

Where tho?
It did not happen anywhere I know
How many gormint run CNC training workshop do you see around your state?
A diploma student can do Training and earn 15 k as a CNC operator. This is way better job than a daily wage laborer.

Leave CNC aside, worthies weren't employable after completing their courses from skill India workshops.

OP @AnantS was suggesting something along the lines of Skill India Mission which landed on its backside rather unceremoniously.

 

[AnantS]

Leave CNC aside, worthies weren't employable after completing their courses from skill India workshops.

OP @AnantS was suggesting something along the lines of Skill India Mission which landed on its backside rather unceremoniously.

Skill India is no where what I was suggeting. Skill India failed at implementation, and institutes are just smooching off money.

I just want Govt to create only CSR policy around it and just ensure Industries are genuinely establishing self funded and self managed technical training institutes which directly feeds into their industries.

 

[SKC]

This is outsourced to local thullas in Noida atleast... So yeah.. no more hafta now...My Org used to pay 6 L some 6-7 yrs back... Admin guy who was my friend confirmed... between going rate for Chowki incharge was 50 L longtime back in Mayawati era.. not sure the going rates these days but NCR is much sought after !!!!!!!!!!

What kind of hafta and exactly what for??

Our extended family is running multiple businesses in NCR since last 4 decades, never ever paid a single penny in hafta to any thulla till now.

 

[SKC]

Protections money Nibba against any untoward incident and specialised services specific against local goondas...

Humme bhi batao koi local gunda!
looks like cooked up stories by the regular admin guys!
Gunda Raj was over in NCR by end of 90s. Light hint of dadagiri was there in remote corners of Greater Noida and Gurgaon, that also gone long time back.

 

[ezsasa]

Skill India is no where what I was suggeting. Skill India failed at implementation, and institutes are just smooching off money.

I just want Govt to create only CSR policy around it and just ensure Industries are genuinely establishing self funded and self managed technical training institutes which directly feeds into their industries.

Tata experiment has just started, the below news report is just for reference, TATA's are involving themselves in talent pool catchment areas for their existing industries. outcome of this experiment will determine the direction of next phase of skill India.

UP’s initiative with Tata group to enhance skills of youth

UP’s initiative with Tata group to enhance skills of youth

To upgrade the skill of the youth in accordance with the requirement of the Industry 4.0, the Uttar Pradesh government has signed a Memorandum of Association (MoA) of over Rs 5,000 crore with Tata Technologies to upgrade 150 ITIs in the state.

www.thestatesman.com

 

[Bran794]

Leave CNC aside, worthies weren't employable after completing their courses from skill India workshops.

OP @AnantS was suggesting something along the lines of Skill India Mission which landed on its backside rather unceremoniously.

IDK guys India has a surprise of Engineers. People have been debating about our education system, but even the ones who are trained, a big portion of them have to find jobs in Middle East or the West.

We cannot train our engineers without the actual existence of the industry they are going to be employed to. Where are they going to get their internship. Even the ones training them will have their limitations.

The biggest problems for us is the lack of heavy capital intensive sectors that can provide mass employment to skilled professionals. Like the commercial ship building industry or the Aerospace industry. (Air India order is going to employee 1 Million people each from Europe & USA)

These Engineering course already exist in India but in the lack of large enterprises. They either have to opt for PSU/DPSU or a totally different stream of service out of compultion.

What has to happen is heavily capital infusion into these high tech sectors in tune with the PLI/DLI & simultaneous training programs. As long as these sectors are not developed & these is no real demand. Institution that will feed onto these sectors will also have no scope for development.

 

[Suryavanshi]

Humme bhi batao koi local gunda!
looks like cooked up stories by the regular admin guys!
Gunda Raj was over in NCR by end of 90s. Light hint of dadagiri was there in remote corners of Greater Noida and Gurgaon, that also gone long time back.

Very good to hear that, this should be the norm everywher.

 

[Suryavanshi]

@SKC What are the options for factory/workshop expansion?
Supoose I requested a land parcel of 1.5 acres now I want to further increase my worshop/factory to 3 acres. Do they consider this during allotment of land?

 

[Cheepek]

Looks like USofA is bringing its own UPI

About the FedNow Service

What is the FedNow Service and how will it help enable financial institutions to deliver end-to-end faster payment services to their customers?

www.frbservices.org

 

[rockdog]

This is a Government school in China. The facilities seem to be on par with any top tier Private School in India.

Shouldn't underestimate China.

My kid is stuyding in similar school like this one, but Shenzhen is the richest city so maybe 50% of schools are at this level.

My city is in tier 2, so around 30% reaches such infrastructure.

Yes as this vid said, if u have good score, it's almost free.

The true difference bettwen schools from Tier 1 otr Tier 2 citiies are the top teachers.

The Shenzhen public schools would hire almost all PHDs from Top10 Chinese universities with high salaries. Like this school in 2021, all new teachers are PHDs from Top100 universities in the world, plus one from Oxford one from Boston for chemical.

 

[rockdog]

One of the reasons why Chinese Govt schools are good in comparision to any Private schools in both domestic and countries in its neighbourhood because CPC led China is slowly finishing Private schools and private education sector in China.

View attachment 209368



View attachment 209369

Three yrs ago the Chinese private system even had better infrastructure than government school, it had US style baseball playground and hired western teachers for all American sports.

The biggest problem was they used double salary to loot best teachers from public system, a senior teacher would get $50,000 per year.

And the culture inside schools were dressing, gaming ...

So the government in recent yrs are nationalizing them...

Most parents support that the basic 12 yrs education shouldn't be profitable, and must be equal to most people.

This move also came from such concept:

China’s education crackdown: Disrupting the private tutoring sector

In mid 2021, the central government’s decision to suspend for-profit tutoring came as a shock to many. Consequently, both families and the country’s education industry need to re-orientate after China’s education crackdown.

daxueconsulting.com

 

[Haldilal]

Ya'll Nibbiars The Mukesh Ambani's licences and permits would be farmed out in return for handsome donations. The Indira Gandhi returned to power in 1980 and Dhirubhai shared a platform with the then Prime Minister at a victory rally. The Reliance itself grew due to Dhirubhai's close proximity with IG, then heavy Industries minister TA Pai, Manipal helped Dhirubhai through his ministry and the contacts in Syndicate bank. Syndicate bank was founded and controlled by Pai family until the nationalisation.

 

[srevster]

Ye lo Hindu rate of growth.

 

[Shuturmurg]

These programs were started by Congress itself back in 2008-10.
Some of the only few good things done by them.

Those food security bills provide required calories, not required nutrients. Some of stunting in India is actually not even because of poverty but because of diet. North eastern states and J&K do better than many richer states due to more nutrient rich diet.

 

[Haldilal]

Ya'll Nibbiars No doubts the India is in the start of a Commercial Spaces boom.