Indian Economy: News and Discussion

AnantS

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Stupid answer. How about giving the necessary infra from those funds instead ?
Mumbai is getting bullet train.. first in country isn't it? Last checked state was also invested in useless/vaporware like monorail to vacuum tube trains? Maharashtra had first eway in country to newly minted delhi mumbai eway, samruddhi eway etc. Mumbai always enjoyed top class infra in country and still has the best.
 

SKC

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Delhi gets all the good infrastructure. Mumbai lags behind in all aspects
Mumbai is currently undergoing one of the largest turnaround in Infrastructure:

1. 14-line underground and overground metro rail with an overall coverage of 356.9 km

2. 8-lane, 29.2-km coastal road from the tip of South Mumbai to the sea-link bridge

3. 21.8-km trans-harbour link to Navi Mumbai

4. The new international airport in Navi Mumbai

5. 6-lane road from Goregaon (Mumbai west) to Mulund (Mumbai east)

6. 1.7-km Airoli-Katai tunnel road that will connect to the six-lane 33.8-km Airoli-Kalyan-Shil corridor.

7. The Mumbai-Ahmedabad bullet-train corridor

The BMC will spend Rs.52,619.07 crore for 2023-24, the highest expenditure budget for any municipal body in the country.
 

FalconSlayers

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Stupid answer. How about giving the necessary infra from those funds instead ?
lol what?

Never seen any Delhiite crib over fancy coastal roads or MTHL or the fact that Mumbai is getting India's first Bullet train between Mumbai and Ahmedabad and the Delhi-Ahmedabad line is now legit more than a decade away the way Mumbaikars do over Delhi metro or RRTS despite knowing that Mumbai already has a proper suburban railway system while Delhi doesn't have that and the one that is there is more of a ring rail that doesn't connect shit.


How about sorting out woke activists who stop infra projects in Mumbai coz Delhi doesn't have such environmentalists to block development of public infra.
 

Haldilal

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Ya'll Nibbiars

F2dVYvxawAAyQY4.jpeg
 

Azaad

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Punjab used to be a net contributor to our GDP. Mizoram under the MNF has always been a drain on the public exchequer when the MNF was an underground movement or when they came to power , the same habits continued.
 

another_armchair

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The Noida Police have lodged an FIR and launched investigation into allegations of illegal export of chips of used smartphones in the garb of scrap from India to China and Hong Kong, officials said on Tuesday.

The case allegedly pertains to fraud and evasion of tax as well as customs duty and is linked with a separate matter being investigated by the Special Task Force (STF) of Uttar Pradesh Police related to the arrest of Chinese nationals who were found living illegally in India last year.

Two Chinese nationals and a Noida-based company have been named as accused in the case lodged at the Sector 63 police station of the city on the complaint of a sub-inspector of the UP Police's STF.

The Chinese nationals named in the case have been identified as Liu Rui and Liu Yuan while the Noida-based company is Roshan Electronic, according to the FIR accessed by PTI.

The complainant in the FIR claimed that used mobile phone chips were being �exported in cargo boxes which showed them as scrap material and sent in free sample category under the non-commercial group�.

"At least this firm alone must have exported goods worth Rs 2,000 crores, or 10,000-15,000 boxes and in each box, showing 15 to 50 kgs of goods as garbage, declaring them in the free sample category as non-commercial export," the complainant stated, adding that one kg comprises around 400 chips and in Indian terms, each chip is sold for Rs 3,000 to Rs 5,000 in markets of China and Hong Kong.

The STF official also suspected re-routing of money through Hawala back to India with "re-import of the same goods" by big mobile companies alleging "this is a very big international organised gang".

A senior UP Police officer told PTI that the STF had been probing this issue for over two months and now the registration of the FIR was recommended in this case.

The FIR has been lodged under the Indian Penal Code sections 419 (cheating by personation), 420 (cheating), 467, 468, 471 (all related to forgery), 201 (causing disappearance of evidence) and 120B (party to criminal conspiracy).

Charges under the Foreigners Act, 1946 have also been invoked in the case.

An officer of the Noida Police requesting anonymity said they have launched an investigation into the case. -- PTI
 

Shuturmurg

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Why will desis pay a premium for local travel only to see more squalor within the country?

Makes tons more sense to travel to SL or South East Asia for much less and get far greater value for money plus a better travel experience.
Also, I think this is 1 instance where we cannot blame babus. Yes, India has lots of destinations for tourism but overall tourism experience is shit.
Family tourists usually don't come because :
1. Cities are really dirty. Food poisoning likely.
2. Touts and scamsters everywhere who keep on bugging tourists.
3. Staring and sexual harassment.
4. Public transport within cities not very good and accessible to foreigners.

Backpackers come less because other than above reasons, there are following reasons:
1. Hotels are pretty expensive in India compared to ASEAN countries.
 

ezsasa

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as a general commentary on this notion that babus are responsible for all the ills of the country, it was a valid point when almost all aspects of Indian economy was babu driven during socialist era, but now they are a cog in the wheel not the entire wheel, they have their areas of responsibilities but all of the responsibility is not on their heads.

both babus and elected political leadership by training cannot create new economic ideas, they can only implement existing ideas or push for a change based on demand. new ideas have to come from that particular industry vertical itself. for example: current govt did not come up digital infrastructure concept, they gave backing and implemented ideas which originated from bangalore tech lobby because it solved the social benefits leakage problem.

if Indian trade body does not come up with ideas with domestic self-interest in mind, some foreign fellows will get their business ideas implemented.

pre-covid, was looking into some hospitality trade body meetings available online, the ones i watched looked more like an extension of real estate industry. not at the level that can think about forex outflow issue.
 

another_armchair

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Also, I think this is 1 instance where we cannot blame babus. Yes, India has lots of destinations for tourism but overall tourism experience is shit.
Family tourists usually don't come because :
1. Cities are really dirty. Food poisoning likely.
2. Touts and scamsters everywhere who keep on bugging tourists.
3. Staring and sexual harassment.
4. Public transport within cities not very good and accessible to foreigners.

Backpackers come less because other than above reasons, there are following reasons:
1. Hotels are pretty expensive in India compared to ASEAN countries.
Everything is expensive in India compared to South East Asia and offers less bang for the buck.

Tourist infra bar few places is broken beyond repair.

Hampi used to attract a lot of tourists because of its rustic charm on 'the other side' but babudom broke down all the hotels and lodges by the river. Everywhere, Govt. elbows in and tries to create a monopoly in pristine touristy areas and they are continuously expanding.

Forget foreign tourists, even Indians find travel within the country expensive now as everybody is trying to squeeze cash in the post pandemic rush.
 

ezsasa

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Everything is expensive in India compared to South East Asia and offers less bang for the buck.

Tourist infra bar few places is broken beyond repair.

Hampi used to attract a lot of tourists because of its rustic charm on 'the other side' but babudom broke down all the hotels and lodges by the river. Everywhere, Govt. elbows in and tries to create a monopoly in pristine touristy areas and they are continuously expanding.

Forget foreign tourists, even Indians find travel within the country expensive now as everybody is trying to squeeze cash in the post pandemic rush.
if we take infra upgrades in and around kashi vishwanath temple as benchmark(because of it's annual footfall), tourism oriented development cannot be a piece meal project. public works in that area started almost five years and still going on. it is taking combined effort of centre(airport, railways), state(flyovers, and roads), local (local permits and legal hassles)and special purpose vehicles(Shri Kashi Vishwanath Special Area Development Board (SKVSADB) ). in other words, if there is non-cooperation between any of the players, it won't happen.

tourism development in India it seems is a localised long term project, starting point is that the local government (municipality) and local industry needs to have a long term vision as a starting point. without which nothing gets done.
 

another_armchair

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if we take infra upgrades in and around kashi vishwanath temple as benchmark(because of it's annual footfall), tourism oriented development cannot be a piece meal project. public works in that area started almost five years and still going on. it is taking combined effort of centre(airport, railways), state(flyovers, and roads), local (local permits and legal hassles)and special purpose vehicles(Shri Kashi Vishwanath Special Area Development Board (SKVSADB) ). in other words, if there is non-cooperation between any of the players, it won't happen.

tourism development in India it seems is a localised long term project, starting point is that the local government (municipality) and local industry needs to have a long term vision as a starting point. without which nothing gets done.
Was panning the local state governments only. Central Govt. can only allocate funds, sit down with a blueprint/roadmap and nudge them. Then babudom-politician-contractor nexus takes over and the public gets a banana in the end.

Tirupati-Tirumala is one place that is organized and well run but Tirumala doesn't come under vanilla tourism so giving a bad example but would still rate it better than a lot of other places, touristy or religious that are far more chaotic and poorly run. TTD for all the criticism it gets deserves some praise here.
 

Azaad

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The Noida Police have lodged an FIR and launched investigation into allegations of illegal export of chips of used smartphones in the garb of scrap from India to China and Hong Kong, officials said on Tuesday.

The case allegedly pertains to fraud and evasion of tax as well as customs duty and is linked with a separate matter being investigated by the Special Task Force (STF) of Uttar Pradesh Police related to the arrest of Chinese nationals who were found living illegally in India last year.

Two Chinese nationals and a Noida-based company have been named as accused in the case lodged at the Sector 63 police station of the city on the complaint of a sub-inspector of the UP Police's STF.

The Chinese nationals named in the case have been identified as Liu Rui and Liu Yuan while the Noida-based company is Roshan Electronic, according to the FIR accessed by PTI.

The complainant in the FIR claimed that used mobile phone chips were being �exported in cargo boxes which showed them as scrap material and sent in free sample category under the non-commercial group�.

"At least this firm alone must have exported goods worth Rs 2,000 crores, or 10,000-15,000 boxes and in each box, showing 15 to 50 kgs of goods as garbage, declaring them in the free sample category as non-commercial export," the complainant stated, adding that one kg comprises around 400 chips and in Indian terms, each chip is sold for Rs 3,000 to Rs 5,000 in markets of China and Hong Kong.

The STF official also suspected re-routing of money through Hawala back to India with "re-import of the same goods" by big mobile companies alleging "this is a very big international organised gang".

A senior UP Police officer told PTI that the STF had been probing this issue for over two months and now the registration of the FIR was recommended in this case.

The FIR has been lodged under the Indian Penal Code sections 419 (cheating by personation), 420 (cheating), 467, 468, 471 (all related to forgery), 201 (causing disappearance of evidence) and 120B (party to criminal conspiracy).

Charges under the Foreigners Act, 1946 have also been invoked in the case.

An officer of the Noida Police requesting anonymity said they have launched an investigation into the case. -- PTI
Hats off to your countrymen . They've made China proud again. Of course what's a Chinese who doesn't scam people & call them 野蛮人 who're people who deserve to be scammed. If the trail leads to habitual white collar criminals like Xiaomi , Oppo , etc , it'd be a matter of time before Chinese share of India's mobile phone market goes to zero.

@rockdog ; @SexyChineseLady
 

ezsasa

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Was panning the local state governments only. Central Govt. can only allocate funds, sit down with a blueprint/roadmap and nudge them. Then babudom-politician-contractor nexus takes over and the public gets a banana in the end.

Tirupati-Tirumala is one place that is organized and well run but Tirumala doesn't come under vanilla tourism so giving a bad example but would still rate it better than a lot of other places, touristy or religious that are far more chaotic and poorly run. TTD for all the criticism it gets deserves some praise here.
looks like every time we are discussing anything related urban development/re-development, we are getting stuck at local body financing model as bottle neck.
 

another_armchair

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looks like every time we are discussing anything related urban development/re-development, we are getting stuck at local body financing model as bottle neck.
Money appears to be just one part of the problem chart.

The larger issues are different departments not being in sync with each other as regards work to be taken up. It takes gargantuan effort on the part of the ministry to get everybody on the same table at the same time and agree on the final result and the time lines.

Am not even going into the corruption aspect here.

One hand digs up the road for a sewage line, one hand dismantles the old pipes and leaves them outside your gate, one hand lays new pipes, one hand comes and covers the pipes and they all leave.. hoping that one hand will come and cover up the pit, level it and black top it again. All this took 3 months where I once lived, the road in my lane was unusable, couldn't get a four wheeler inside.. my mom was wheel chair bound because of her accident and I and a neighbor used to carry the chair for a good 200 feet hoping it doesn't break.

I still feel money is a smaller problem than corruption and accountability, at least in metros.
 

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