Bharat Rakshak

Vamsee

I find that image interesting. 25% value addition? Simple assembly will be something like 5-7% value addition. So, 25% means a lot of domestic component manufacturing as well! Which is excellent. Even after these many years, China still has around 40-50% domestic value addition I think. Unless big t...

Vamsee

Amazon, Foxconn to start device manufacturing in India US e-commerce giant Amazon on Tuesday announced commencement of its first manufacturing line in India for making its Fire TV Stick devices in the country. It will partner contract manufacturer Cloud Network Technology, a subsidiary of Foxconn, ...

Vamsee

Looks like we went ahead of Russia this week and now are the 4th largest forex holders in the world. We have $590 B Forex reserves.

--Vamsee

Vamsee

Economic Survey 2020-21 is released Link

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Gujarat government signs pact with Adani Port to setup largest multi-modal logistics park Gandhinagar, The Gujarat government on Friday signed a Memorandum of Understanding (MoU) with the private infrastructure company, Adani Port & SEZ Ltd., to setup the country's largest multi-modal logistics...

Vamsee

^^^^

If you want to track them...

1. PLI
2. DMIC
3. (hopefully) Privatization of PSUs (Particularly AirIndia)

Vamsee

https://indianexpress.com/article/india/railways-set-to-make-rs-8000-crore-with-zero-based-timetable-7056693/ In the new timetable, around 600 trains with traditionally low patronage are proposed to be knocked off the system, while around 400 trains are being either merged or upgraded. That apart, ...

Vamsee

1. India's economy officially entered into recession as the second quarter GDP contracted at a slower pace of 7.5 per cent compared to a massive 23.9 per cent in the first quarter of the current fiscal. 2. India's foreign exchange reserves rise by over USD 2.5 bn to record high of USD 575.290 bn 3. ...

Vamsee

Ahmed Patel has kicked the bucked. Huge blow to SoGa/Congress.

Vamsee

Link Indian Forex reserves have reached a fresh lifetime high of $572B. With this we are now just $11.1B behind Russia. We will probably go ahead of Russia in next 1-2 weeks and have 4th largest Forex reserve in the world. After that we have the only 3 countries that have ever crossed $1T in reserv...

Vamsee

India’s Forex Reserves Surge $7.78 Billion To Record High of $568.5 Billion

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A new growth formula for manufacturing in India

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India’s Forex Reserves Surge $5.4 Billion To All-Time High of $560.53 Billion: RBI

Vamsee

Some more points There is fear in some quarters that the Atmanirbhar initiative marks a return to the days of autarky. Some say there is a contradiction between India seeking to become part of global supply chains while restricting imports. Your views? It’s not in the nature of India or Indians to b...

Vamsee

So many important topics touched in below interview. Please read the whole thing. New India believes in market forces, will be the most preferred investment destination: PM Modi You seem to believe that India can still emerge as a major world hub for manufacturing, especially by becoming part of glo...

Vamsee

Forex reserves rise by $5.867 billion to lifetime high of $551.505 billion

We are quickly closing the gap with Russia. They are only $35 Billion ahead of us.

--Vamsee

Vamsee · Re: Tejas Mk.1 & Mk.1A: News & Discussions: 23 February 2019 Link

Link

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Exports snap six-month losing streak, rise 5.27 pc in September: Piyush Goyal

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Union Trade Minister @PiyushGoyal says 10% YoY rise seen in exports from India between September 1-15 & 13% rise in Railway freight between September 1-20

Looks like economy is slowly recovering from the Q1 collapse.

Vamsee

RBI announces straight purchase of government securities worth ₹10,000 crore

Vamsee

Foreign trade details for the month of Aug 2020 are out Link Apr-Aug 2020 ========== Merchandise Exports : $97.66 B (Down 26.65 % YOY) Merchandise Imports: $118.38 B (Down 43.73 % YOY) ---------------------------------------- Merchandise Deficit: $20.72 B ---------------------------------------- Ser...

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1. Indian Forex reserves are at an all time high of $541.4 B 2. Major blow to China; Japan adds India, Bangladesh to relocation subsidiary In another blow to China, Japan has added India, Bangladesh to its relocation subsidy, resulting which Japanese manufacturers will now be eligible for subsidies ...

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ACC approves appointment of VK Yadav as Railway Board's first ever Chairman and CEO

The Appointments Committee of the Cabinet has approved the appointment of the current chairman of the Railway Board VK Yadav as the CEO, making him the first to hold such a post in the railway's history.

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How Narendra Modi plans to make water everybody’s business The Jal Jeevan Mission (JJM) aims to supply tap water to every Indian house that will cost a whopping $51 billion to the exchequer. All the new tap water connections are linked to a user’s Aadhar card. This new water supply infrastructure o...

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India and Russia are declared joint winners of Chess Olympiad. First time Gold medal for India

Vamsee

What Indian states export to rest of the world

One item that fetches maximum foreign currency by a single state is cut and polished diamonds exported by Maharashtra to 77 countries valued at $23 billion followed by high speed diesel ($10.4 billion) exported by Gujarat to 48 countries.

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Char Dham Project: Indian Railways to link Gangotri, Yamunotri, Badrinath, Kedarnath with 327 km line

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India's farm exports rise 23.24% in March-June 2020 despite pandemic “We have sharpened our focus in exporting value added products and healthcare food products. We also want to deepen our penetration in Gulf countries, which is already a strong market for India, though presently India caters to on...

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China’s Loss May Be India’s Gain in Shifting Supply Chains India’s latest set of incentives to entice businesses moving away from China seem to be working, with companies from Samsung Electronics Co. to Apple Inc.’s assembly partners showing interest in investing in the South Asian nation. India ha...

Vamsee

1. Indian forex reserves are up by another $3.6B and are at an all time high of $538.191B Link 2. Foreign trade details for the month of July 2020 are out Link Apr-Jul 2020 ========== Merchandise Exports : $74.96 B Merchandise Imports: $88.91 B ---------------------------------------- Merchandise De...

Vamsee

Rajnath Singh @rajnathsingh · 23m Taking cue from that evocation, the Ministry of Defence has prepared a list of 101 items for which there would be an embargo on the import beyond the timeline indicated against them. This is a big step towards self-reliance in defence. #AtmanirbharBharat This decisi...

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Rajnath Singh @rajnathsingh MoD has also bifurcated the capital procurement budget for 2020-21 between domestic and foreign capital procurement routes. A separate budget head has been created with an outlay of nearly Rs 52,000 crore for domestic capital procurement in the current financial year. Lin...

Vamsee

Artillery is now a part of negative list. India will not import any artillery from anywhere!

Vamsee

Suraj garu, Are you on twitter? ================= As per Piyush Goyalji, our July exports have reached almost to the level of last year. Link "Our exports have almost reached last year's July level, with nearly 90% of our export of July 2019 having come back," Goyal said. “And, in fact, if...

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Forex reserves climb $11.9 billion to all-time high of $534.5 billion

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Apple vendors, Samsung propose Rs 11 trn mobile phone production in India "In the next five years, mobile phones worth about Rs 9 trillion in the category of above Rs 15,000 per unit are expected to be produced as per the proposals submitted by the companies. Mobile phones worth about Rs 2 tri...

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India puts imports of television sets on Restricted List The Narendra Modi government on Thursday imposed import restrictions on television sets with an aim to cut inbound shipments of non-essential items. Imports of TV stood at about $1 billion during 2018-19. China ($535 million in 2018-19) is th...

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Big private train ride: Railways is now planning private freight trains in dedicated corridors

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Indian Railways prepares new zero-based timetable for trains! Over 6,000 ‘unremunerative’ stoppages to go A scientific manner of running train services, the zero-based timetable allows creating more elbow room for goods and passenger carriers, resulting in better speed and efficiency. During the lo...

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Link NSitharamanOffice @nsitharamanoffc The Govt. of India today amended the General Financial Rules 2017 to enable imposition of restrictions on bidders from countries which share a land border with India on grounds of defence of India, or matters directly or indirectly related thereto including n...

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