Search found 3356 matches
- 24 Aug 2015 15:26
- Forum: Science, Economics & Technology Forum
- Topic: Indian Economy - News & Discussion Oct 12 2013
- Replies: 3978
- Views: 469140
Re: Indian Economy - News & Discussion Oct 12 2013
And if someone isn't interested in declaring their unexplained assets or availing of the amnesty scheme (getting off by paying a penalty), I wouldn't shed tears for them. One, it makes a tax law an exercise in coercive extraction (with stiff prison terms). If coercion was enough to unearth unaccoun...
- 24 Aug 2015 15:10
- Forum: Science, Economics & Technology Forum
- Topic: Indian Economy - News & Discussion Oct 12 2013
- Replies: 3978
- Views: 469140
Re: Indian Economy - News & Discussion Oct 12 2013
^Plus, bulk of the stalled projects attributed to "land" are PSU - linked. There is an element of cognitive bias in reporting. Its rather embarrassing for the govt to admit project delays due to approvals (shows that left hand doesnt know what the right hand is doing), funding (shows that ...
- 24 Aug 2015 14:27
- Forum: Science, Economics & Technology Forum
- Topic: Indian Economy - News & Discussion Oct 12 2013
- Replies: 3978
- Views: 469140
Re: Indian Economy - News & Discussion Oct 12 2013
I have accessed the RTI file ... The 8% projects that were stalled due to land acquisition were more significant than those stalled by other reasons .. Because those were stuff like airports or larger manufacturing units...there were 30-40% projects in which no reason was given or the reason was me...
- 24 Aug 2015 14:10
- Forum: Science, Economics & Technology Forum
- Topic: Indian Economy - News & Discussion Oct 12 2013
- Replies: 3978
- Views: 469140
Re: Indian Economy - News & Discussion Oct 12 2013
On tax reform, the govt can start off by making the real radical steps that are administrative in nature. One, take out retrospective taxation from the statute - as of now they have only reiterated what Chidambaram had said in his time, "we shall not impose retro tax anymore". They havent ...
- 24 Aug 2015 13:37
- Forum: Science, Economics & Technology Forum
- Topic: Indian Economy - News & Discussion Oct 12 2013
- Replies: 3978
- Views: 469140
Re: Indian Economy - News & Discussion Oct 12 2013
how do you affect ease of doing business, without simplifying taxation and land acquisition ? Modi has succeeded in redirecting lpg subsidies more than others..They say that everyday 30k customers are giving up subsidy..A miracle... Land acquisition is NOT a key bottleneck for stalled projects. MoF...
- 24 Aug 2015 12:53
- Forum: Science, Economics & Technology Forum
- Topic: Indian Economy - News & Discussion Oct 12 2013
- Replies: 3978
- Views: 469140
Re: Indian Economy - News & Discussion Oct 12 2013
In general, also expect some coordinated central bank action. Street is already talking about a postponement of the Sep rate hikes from the US Fed. A volatile financial market acts as no one's friend (except trading floors of banks).
- 24 Aug 2015 12:51
- Forum: Science, Economics & Technology Forum
- Topic: Indian Economy - News & Discussion Oct 12 2013
- Replies: 3978
- Views: 469140
Re: Indian Economy - News & Discussion Oct 12 2013
It is in days like this when there is a gathering global panic that I am ever so grateful that Mother India produces children like Dr Y V Reddy and Dr Raghuram Rajan. ----------------------------------- Brilliantly articulated. And to think that some random loud mouth chaddi walla ideologues were &...
- 22 Aug 2015 21:30
- Forum: Science, Economics & Technology Forum
- Topic: Indian Economy - News & Discussion Oct 12 2013
- Replies: 3978
- Views: 469140
Re: Indian Economy - News & Discussion Oct 12 2013
The former requires that I choose to ignore data, but data is exactly what I quote, and ironically what you pooh pooh. Economic survey assertions are "data"? If all ES assertions since independence were to be "data", India would be an OECD country by now. Their importance lies i...
- 22 Aug 2015 16:13
- Forum: Science, Economics & Technology Forum
- Topic: Indian Economy - News & Discussion Oct 12 2013
- Replies: 3978
- Views: 469140
Re: Indian Economy - News & Discussion Oct 12 2013
Dear all, Need some bullet points for a presentation to me made to a brit corporation to manufacture in India a. For India b. For the world Apart from demography, democracy & demand .. meaning skilled manpower & rule of law. data on number of engineering grads, income levels, demand data on...
- 22 Aug 2015 16:12
- Forum: Science, Economics & Technology Forum
- Topic: Indian Economy - News & Discussion Oct 12 2013
- Replies: 3978
- Views: 469140
Re: Indian Economy - News & Discussion Oct 12 2013
I find the criticism of the number of cards quite nonsensical intellectualism . Hmm, so what would unquestioning cheerleading of govt numbers be called, "unintellectual bhakti-ism "? :wink: It seems to be completely forgotten just how expensive the mobile infrastructure itself is. What's ...
- 22 Aug 2015 09:38
- Forum: Science, Economics & Technology Forum
- Topic: Indian Economy - News & Discussion Oct 12 2013
- Replies: 3978
- Views: 469140
Re: Indian Economy - News & Discussion Oct 12 2013
Somnath, as usual that was a boatload of clueless garbage from you. Completely and totally wrong on so many different levels. 1. Banking correspondence services, including credit intermediation, are among the top revenue streams being targeted by almost all payment banks 2. Payments banks being an ...
- 22 Aug 2015 07:48
- Forum: Science, Economics & Technology Forum
- Topic: PRC Economy - New Reflections : April 20 2015
- Replies: 1351
- Views: 364113
Re: PRC Economy - New Reflections : April 20 2015
Somnath, It's not my intention to propose the hypothesis that somehow Indian workers are more productive than the Chinese workers. However, I do question the premise that the Chinese workers are super duper productive. The empirical evidence I've seen shows that Chinese productivity is a function o...
- 22 Aug 2015 07:30
- Forum: Science, Economics & Technology Forum
- Topic: Indian Economy - News & Discussion Oct 12 2013
- Replies: 3978
- Views: 469140
Re: Indian Economy - News & Discussion Oct 12 2013
You're jumping to a conclusion about the payment banks without pausing to consider that they're just one part of a much broader plan under implementation today. I simply pointed out earlier that the Economic Survey provides an idea of what this plan is . On the contrary, I think that payment banks ...
- 21 Aug 2015 21:46
- Forum: Science, Economics & Technology Forum
- Topic: Indian Economy - News & Discussion Oct 12 2013
- Replies: 3978
- Views: 469140
Re: Indian Economy - News & Discussion Oct 12 2013
Being a DSA isn't part of its approved list of activities. Acting as business correspondent to another bank is explicitly permitted, including for loan sourcing. The RBI doesn't care regarding any fee-based income as long as the entity is not committing its own funds. Theoretical. BC is useful wher...
- 21 Aug 2015 20:38
- Forum: Science, Economics & Technology Forum
- Topic: Indian Economy - News & Discussion Oct 12 2013
- Replies: 3978
- Views: 469140
Re: Indian Economy - News & Discussion Oct 12 2013
How would the "institutional" credit provider underwrite the risk, if it doesn't have access to the borrower? The payments bank would collect all documents required for underwriting and pass on to the underwriting bank....there are also BC models permitted by the RBI. Being a DSA isn't pa...
- 21 Aug 2015 18:58
- Forum: Science, Economics & Technology Forum
- Topic: Indian Economy - News & Discussion Oct 12 2013
- Replies: 3978
- Views: 469140
Re: Indian Economy - News & Discussion Oct 12 2013
That's a slogan, not a business model. As of now, they can't underwrite any credit, first mile or last mile. Credit is delivered by someone underwriting it. You didn't understand...they are not in the business of lending or underwriting. They would be intermediaries, delivering institutional credit...
- 21 Aug 2015 18:17
- Forum: Science, Economics & Technology Forum
- Topic: Indian Economy - News & Discussion Oct 12 2013
- Replies: 3978
- Views: 469140
Re: Indian Economy - News & Discussion Oct 12 2013
Payment banks cannot extend credit - they will deploy their monies in G-Secs. They could theoretically be vehicles of funding govt subsidies in cash. But they are intended to be the 'last mile' in credit delivery across the country - and therefore expected to play a key role in bringing down the co...
- 21 Aug 2015 15:13
- Forum: Science, Economics & Technology Forum
- Topic: PRC Economy - New Reflections : April 20 2015
- Replies: 1351
- Views: 364113
Re: PRC Economy - New Reflections : April 20 2015
Somnath I would have expected that you'd understand that the 5 times more wages than India is not that simple a calculation. Let's take your data. According to the ILO chart in 2013 Indian minimum wage was Rs2,990 while the Chinese minimum wage was 1,400 yuan. Doing a simple currency conversion you...
- 21 Aug 2015 14:19
- Forum: Science, Economics & Technology Forum
- Topic: Indian Economy - News & Discussion Oct 12 2013
- Replies: 3978
- Views: 469140
Re: Indian Economy - News & Discussion Oct 12 2013
The new payment bank system and recent moves were telegraphed months ago in the Economic Survey document released with the Budget . It describes a lot of the grand plan to fix the subsidy and credit delivery system . It doesn't make for a big budget speech but the effects will be dramatic when mill...
- 21 Aug 2015 14:17
- Forum: Science, Economics & Technology Forum
- Topic: Mass Rapid Transit in India
- Replies: 1494
- Views: 300823
Re: Mass Rapid Transit in India
Metro systems are often unprofitable on an operating basis based on fares, but can easily be profitable without subsidization if stations themselves are commercial hubs . If you build a bunch of hub stations that are just part of a larger mall, those can easily drive the additional commercial real ...
- 21 Aug 2015 14:13
- Forum: Science, Economics & Technology Forum
- Topic: PRC Economy - New Reflections : April 20 2015
- Replies: 1351
- Views: 364113
Re: PRC Economy - New Reflections : April 20 2015
There are two types of productivity. You can have high productivity because you pay low wages, give minimum or no benefits (like for example medical) and you make your workers work long hours. There is plenty of documentary evidence of how Foxconn workers - at least in earlier years - didn't even g...
- 21 Aug 2015 12:30
- Forum: Science, Economics & Technology Forum
- Topic: PRC Economy - New Reflections : April 20 2015
- Replies: 1351
- Views: 364113
Re: PRC Economy - New Reflections : April 20 2015
The reason why folks like Foxconn and others are abandoning China or at least looking at other countries is that when the value add is so small even a minor increase in salaries skews profits exponentially. The only reason why companies are still sticking to China is because, as Singha mentioned, t...
- 21 Aug 2015 11:37
- Forum: Strategy, Politics & International Relations Forum
- Topic: Sunni Terrorist Fragments of Unstable Pakistan-July 10, 2015
- Replies: 2850
- Views: 359349
Re: Sunni Terrorist Fragments of Unstable Pakistan-July 10,
^^^This is exactly what every single govt, since PVNR has tried with Pak (post the Kashmir militancy). Nothing terribly original. And in general, perhaps the only viable strategy. Ratcheting up tensions doesnt work for us, as we are more sensitive to international attention on Kashmir/flashpoint etc...
- 21 Aug 2015 09:50
- Forum: Science, Economics & Technology Forum
- Topic: Mass Rapid Transit in India
- Replies: 1494
- Views: 300823
Re: Mass Rapid Transit in India
Was at a meeting last evening where a senior TN Govt official was also present. He said the Govt was planning to set up an infrastructure investment fund (something like a real estate investment trust). It will be 74% privately owned and 26% govt contribution. It will be professionally managed but ...
- 21 Aug 2015 09:42
- Forum: Science, Economics & Technology Forum
- Topic: Indian Economy - News & Discussion Oct 12 2013
- Replies: 3978
- Views: 469140
Re: Indian Economy - News & Discussion Oct 12 2013
>>I believe Khan, while doing a reasonable job of re-purposing, errs massively in ignoring the older gen and their attachment to PO services thats not a PO khan problem, its a general khan problem. the old are being shoved out and left to fend for themselves on every front. youth rules. its probabl...
- 21 Aug 2015 09:07
- Forum: Trash Can Archive
- Topic: Indian Army News & Discussions - 11 June 2014
- Replies: 4440
- Views: 1323911
Re: Indian Army: News and Discussions 11 June 2014
^^^I think the situation has been muddied further by conflating OROP with digressions like "parity with IAS", precedence etc. So what's your answer? People should keep risking life and limb and stay happy? Not ask for compensation? I'm curious if you'd work under those conditions? People r...
- 21 Aug 2015 09:01
- Forum: Science, Economics & Technology Forum
- Topic: PRC Economy - New Reflections : April 20 2015
- Replies: 1351
- Views: 364113
Re: PRC Economy - New Reflections : April 20 2015
China has no intention of letting "comparative advantage" work. It is not in their lexicon. If they don't how, they'll steal it. Everybody owes them for gun powder anyway, to their mode of thinking. The only thing in the long run they want to import are raw commodities. That's the reason ...
- 21 Aug 2015 08:59
- Forum: Science, Economics & Technology Forum
- Topic: Indian Economy - News & Discussion Oct 12 2013
- Replies: 3978
- Views: 469140
Re: Indian Economy - News & Discussion Oct 12 2013
RBI Gov seems to contradicting views of the brf gurus http://economictimes.indiatimes.com/opinion/interviews/payment-banks-unlikely-to-hurt-traditional-banks-business-raghuram-rajan/articleshow/48552799.cms These new banks will not go to rural areas and operate or provide connectivity etc there. Th...
- 21 Aug 2015 08:55
- Forum: Science, Economics & Technology Forum
- Topic: Indian Economy - News & Discussion Oct 12 2013
- Replies: 3978
- Views: 469140
Re: Indian Economy - News & Discussion Oct 12 2013
Sure, I have said that they are currently limited in what they can do. Where is the issue? It seems like you need to read up on modern banking and how it works. Every time you deposit money in the bank they hold some and loan some in the form of credit. Credit = money! The RBI buys gov bonds and th...
- 20 Aug 2015 11:39
- Forum: Science, Economics & Technology Forum
- Topic: PRC Economy - New Reflections : April 20 2015
- Replies: 1351
- Views: 364113
Re: PRC Economy - New Reflections : April 20 2015
Mahadevbhuji, Didn't the last administration let everything to be imported from China and in turn destroyed manufacturing in India. We do need labor intensive factories in India to employ semi skilled workers. I don't think relaxing imports further from China will help us in medium or long term. We...
- 20 Aug 2015 08:16
- Forum: Trash Can Archive
- Topic: Indian Army News & Discussions - 11 June 2014
- Replies: 4440
- Views: 1323911
Re: Indian Army: News and Discussions 11 June 2014
I think OROP might be the nudge needed to start making the army leaner and also hopefully mechanization. It wont. OROP is a 30 years old conversation. If the Army was really serious about both OROP and force rationalisation, something would have come out already. This will have to be a political ca...
- 20 Aug 2015 08:05
- Forum: Science, Economics & Technology Forum
- Topic: Indian Economy - News & Discussion Oct 12 2013
- Replies: 3978
- Views: 469140
!!
PMO moves to take control of RBI is now clear. Giving Modi hating corporate houses like Reliance a bank to issue money is setting us up to follow the Fed model. They may be a bit limited in what they can do for now in terms of issuance of credit cards etc. Over time they'll expand their reach even ...
- 19 Aug 2015 22:09
- Forum: Science, Economics & Technology Forum
- Topic: Civil Aviation Development & Discussion
- Replies: 6031
- Views: 1364349
Re: Civil Aviation Development & Discussion
Indigo, like most airlines keeps its fleet young. By the time the 250th plane is delivered most of the current fleet would have been leased out to other airlines. Hence these numbers are not necessarily to be taken ontopline basis
- 19 Aug 2015 21:36
- Forum: Science, Economics & Technology Forum
- Topic: Indian Economy - News & Discussion Oct 12 2013
- Replies: 3978
- Views: 469140
Re: Indian Economy - News & Discussion Oct 12 2013
Gupta ji, please don't take anything written on Seeking Alpha, save for breaking news, seriously. Actually seeking alpha is a pretty interesting source on investing insights. Just that they have got it wrong this time. The big difference between India and most of the other "crisis" sovere...
- 17 Aug 2015 14:55
- Forum: Trash Can Archive
- Topic: Indian Army News & Discussions - 11 June 2014
- Replies: 4440
- Views: 1323911
Re: Indian Army: News and Discussions 11 June 2014
^^^Dhiren has been a good friend in the years gone by :), so wise men think alike! But his solution, of paying DB pensions till 60, keep contributing to an NPS pool, and then move to DC after 60 - well, this too will wreck the budget. There are 2 elements to de-risking of pension payments: 1. Transf...
- 17 Aug 2015 09:52
- Forum: Science, Economics & Technology Forum
- Topic: Indian Economy - News & Discussion Oct 12 2013
- Replies: 3978
- Views: 469140
Re: Indian Economy - News & Discussion Oct 12 2013
No one writes on Indian agri as well as Ashok Gulati. http://indianexpress.com/article/opinion/columns/plate-to-plough-the-hands-that-feed-us/ The key point he makes is on farmers "raking risk". That is really the fundamental question - is a farmer, supporting a family of 5-6 on a 2 acre f...
- 17 Aug 2015 09:17
- Forum: Trash Can Archive
- Topic: Indian Army News & Discussions - 11 June 2014
- Replies: 4440
- Views: 1323911
Re: Indian Army: News and Discussions 11 June 2014
OROP may be the nudge that will force the GOI to up the defence budget towards 3% of GDP. Without it, no further equipment purchases are possible. Maybe that is why contracts have not been signed for even the purchases that have been approved in principle such as the M777, the C295 etc. There is mo...
- 16 Aug 2015 19:49
- Forum: Trash Can Archive
- Topic: Indian Army News & Discussions - 11 June 2014
- Replies: 4440
- Views: 1323911
Re: Indian Army: News and Discussions 11 June 2014
The Railway Employees have a valid point. If the Military is entitled to OROP, then so should other Central Government employees, Railway employees included. Meanwhile most of those slaving in the private sector do not have the luxury of inflation adjusted defined benefit pensions leave alone defin...
- 16 Aug 2015 18:51
- Forum: Science, Economics & Technology Forum
- Topic: Indian Economy - News & Discussion Oct 12 2013
- Replies: 3978
- Views: 469140
Re: Indian Economy - News & Discussion Oct 12 2013
^^ w.r.t recapitalization , can something be done in policy that can reduce NPAs after recapitalization ? because if say the GOI commits big capital , say 30-50 B and that too goes down the drain , than we can be in bit of a soup... The big issue is of governance. The current bunch of NPAs are larg...
- 16 Aug 2015 16:18
- Forum: Science, Economics & Technology Forum
- Topic: Indian Economy - News & Discussion Oct 12 2013
- Replies: 3978
- Views: 469140
Re: Indian Economy - News & Discussion Oct 12 2013
Big bang reforms for govt banks Thanks Not a guru by any stretch, but they are still scratching the surface as far as PSU banks are concerned. Generally, the low hanging fruits are being plucked. Structurally, 1. Recapitalisation needs to be worked out - they need to commit significant capital so t...