Bharat Rakshak

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.

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

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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

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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...

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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...

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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...

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

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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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Privatisation of coal sector will transform India’s growth trajectory, writes Amitabh Kant First, over the years, our coal imports have been steadily rising to meet our domestic demand. In 2018–19, we had to import 25% of our total coal demand, which is 235 MT of coal. This cost us Rs 1.7 lakh cror...

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Silver lining! India turned net exporter of chemicals after 10 years in FY 20 While exports of such products — including drug formulations, bulk drugs and drug intermediates, organic chemicals, agro chemicals and fertilisers — rose 3% year-on-year to $45 billion in FY20, imports stood at $44.3 bill...

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Make In India: In A First, Japanese Carmaker Honda To Export Made In India Cars To Western Nations

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iPhone-maker Pegatron registers India subsidiary as Apple pushes to diversify supply :D ========== With this, all 3 Apple iPhone manufacturers will have factories in India. Looks like PLI announced is showing positive results. Now we need to work really hard and try to grab as much global phone/ele...

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Foreign trade data for June 2020 is out

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Piyush Goyal asks industry to setup semi-conductor fabrication plant soon in India Commerce and industry minister Piyush Goyal on Tuesday said the government is mapping the entire land bank available for manufacturing and urged industry to come up with a semi-conductor fabrication plant soon termin...

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Exclusive: Apple supplier Foxconn to invest $1 billion in India - sources The move, the scale of which has not previously been reported, is part of a quiet and gradual production shift by Apple away from China as it navigates disruptions from a trade war between Beijing and Washington and the coron...

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^^^
We are ~ $56.5 Bn behind Russia right now ( $513.2B vs $569.8B). If oil prices stay low, we may overtake Russia and become 4th largest forex holders before the end of this Fiscal year.

--Vamsee

Vamsee

TCS Q1 profit falls 13% QoQ to Rs 7,008 crore, but deal wins remain robust Consolidated revenue declined 4.1 percent sequentially to Rs 38,322 crore in the quarter-ended June, impacted by all segments, barring banking, financial services and insurance (BFSI). However, revenue increased 0.4 percent ...

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Samsung starts manufacturing smartwatches in India

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Samsung is also investing in India to produce screens within India. It is a high value item. Recently read somewhere that GoI will come up with a scheme to encourage Fab setup in India.

--Vamsee

Vamsee

^^^^^ Thanks to Covid-19, large scale protests are not possible at this time. So, this is the best time to implement all the "controversial" ;-) policies. Under normal circumstances, allowing 151 private trains to run on Indian Railway tracks would have attracted lot of opposition. All the...

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Barring eight states in the north and east, all states have achieved replacement fertility in India Gujarat has now joined 13 other states at or below replacement fertility, new data from the Sample Registration System (SRS) for 2018 shows. Bihar is now the only Indian state where a woman as of 201...

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PM Modi is in Leh now. Unexpected visit.

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India bans 59 Chinese apps including TikTok, Helo, WeChat

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^^^^ Yes & its perfectly ok. The key thing is to get into the supply chain of global electronics. Once you do that, increasing the local content will be much easier. Start with single digit local manufacturing and gradually increase it to 30-40%. Even China has ~50%(?) local content and rest com...

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