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by Suraj
17 Nov 2018 01:22
Forum: Strategic Issues & International Relations Forum
Topic: Indo-UK News & Discussions- June 2017
Replies: 1605
Views: 194007

Re: Indo-UK News & Discussions- June 2017

In the context of large industrialized developing countries like India who were looted in the past, 'aid' is nothing more than a negotiated transfer of wealth back to our shores, and any statements about aid should emphasize our interpretation of this .
by Suraj
16 Nov 2018 23:59
Forum: Technology & Economic Forum
Topic: Indian Economy News & Discussion - Nov 27 2017
Replies: 2403
Views: 374662

Re: Indian Economy News & Discussion - Nov 27 2017

Other actions taken like GST, PAN-Aadhar linkage, PMJDY, digital payments etc. while indicators of the govt's general motivations, are not germane to the question of what the specific objectives of the demonetization exercise were. And I'm not inventing objectives, I'm going by what the govt said t...
by Suraj
16 Nov 2018 06:22
Forum: Technology & Economic Forum
Topic: Indian Economy News & Discussion - Nov 27 2017
Replies: 2403
Views: 374662

Re: Indian Economy News & Discussion - Nov 27 2017

No polemics/politics/derailment intended here. Just economics. The objective of demonetization was two-fold, both logically acceptable. First , to go after those possessing unaccounted wealth (preceded by an amnesty scheme). Second , to reduce the amount of cash in the system pushing the financial ...
by Suraj
16 Nov 2018 02:22
Forum: Technology & Economic Forum
Topic: Indian Economy News & Discussion - Nov 27 2017
Replies: 2403
Views: 374662

Re: Indian Economy News & Discussion - Nov 27 2017

The success of demonetisation has already been extensively covered in a separate thread. There's no need to mischaracterize it here in an effort to derail this thread. Further, Rajan did not see out any of MPC, UPI or the payments banks. The MPC was essentially a case of the government taking away t...
by Suraj
15 Nov 2018 13:11
Forum: Technology & Economic Forum
Topic: Indian Economy News & Discussion - Nov 27 2017
Replies: 2403
Views: 374662

Re: Indian Economy News & Discussion - Nov 27 2017

Some interesting insights into the remittance industry: Half of India’s overseas remittances come from these 4 southern states; Kerala tops the list India continues to be the top nation with $69 billion of remittances that it received last year from the large pool of skilled, semi-skilled and unskil...
by Suraj
15 Nov 2018 13:08
Forum: Technology & Economic Forum
Topic: Indian Economy News & Discussion - Nov 27 2017
Replies: 2403
Views: 374662

Re: Indian Economy News & Discussion - Nov 27 2017

It's a PTI article, not someone's opinion. It seems to suggest RBI makes up for lack of fine grained oversight by simply being more conservative in the norms they specify. That's not unusual, regulators and banks across the world do that too. Capital optimization is a dirty word in the world of reg...
by Suraj
15 Nov 2018 04:02
Forum: Technology & Economic Forum
Topic: Indian Economy News & Discussion - Nov 27 2017
Replies: 2403
Views: 374662

Re: Indian Economy News & Discussion - Nov 27 2017

Regarding the Basel 2, Suraj sir do you have any opinion on the credibility of article? If true, this is perhaps not the best way forward. It's a PTI article, not someone's opinion. It seems to suggest RBI makes up for lack of fine grained oversight by simply being more conservative in the norms th...
by Suraj
14 Nov 2018 02:36
Forum: Technology & Economic Forum
Topic: Indian Economy News & Discussion - Nov 27 2017
Replies: 2403
Views: 374662

Re: Indian Economy News & Discussion - Nov 27 2017

Govt wants RBI to adopt less stringent Basel-III norms for capital adequacy The government is of the view that the Reserve Bank should resort to Basel III norms for capital adequacy in banks rather than the present stricter guidelines which restrict the lending capacity of lenders, sources said. Cu...
by Suraj
13 Nov 2018 23:10
Forum: Technology & Economic Forum
Topic: Indian Economy News & Discussion - Nov 27 2017
Replies: 2403
Views: 374662

Re: Indian Economy News & Discussion - Nov 27 2017

To answer arjun's last point, it most definitely is. However folk insist on posting an economist's general comments not particularly germane to the economy thread. That is essentially the point suraj is making; a comment is not relevant just because an economist has made it. Did you listen the spee...
by Suraj
13 Nov 2018 07:33
Forum: Technology & Economic Forum
Topic: Indian Economy News & Discussion - Nov 27 2017
Replies: 2403
Views: 374662

Re: Indian Economy News & Discussion - Nov 27 2017

The guy sure has a lot to say, considering he demonstrated no ability to put his head down and work on actually doing it. The ultimate talker and not a doer, offering advice from his own margdarshak mandal. Not at all. He's criticizing some of the policies of the incumbent government, and his critic...
by Suraj
13 Nov 2018 03:05
Forum: Technology & Economic Forum
Topic: Indian Economy News & Discussion - Nov 27 2017
Replies: 2403
Views: 374662

Re: Indian Economy News & Discussion - Nov 27 2017

Sure, and let’s be clear - he’s a man who couldn’t stick around to get the job done, now offering gratuitous advice on how to do it .
by Suraj
13 Nov 2018 01:17
Forum: Technology & Economic Forum
Topic: Indian Economy News & Discussion - Nov 27 2017
Replies: 2403
Views: 374662

Re: Indian Economy News & Discussion - Nov 27 2017

Thanks! You'd have to uploaded it someplace and link it. You could use google docs, but do be aware of the privacy issues of that.
by Suraj
13 Nov 2018 01:10
Forum: Technology & Economic Forum
Topic: Indian Economy News & Discussion - Nov 27 2017
Replies: 2403
Views: 374662

Re: Indian Economy News & Discussion - Nov 27 2017

That's a fair question. RR's actions as RBI governor, or the lack of them, are acceptable topics for discussion here. His statements as a private individual today, are not really welcome here. In fact, that has been my consistent position on this topic . He's tainted by the manner of his unceremonio...
by Suraj
13 Nov 2018 00:08
Forum: Technology & Economic Forum
Topic: Indian Economy News & Discussion - Nov 27 2017
Replies: 2403
Views: 374662

Re: Indian Economy News & Discussion - Nov 27 2017

Rajan is as capable as anyone before or after him in the position he was appointed to, that is all. At that level of responsibility, the primary requirement is the ability to get things done with the government, and not merely demonstrate a personal resume. He was a bad hire, seen from the fact that...
by Suraj
12 Nov 2018 23:05
Forum: Technology & Economic Forum
Topic: Indian Economy News & Discussion - Nov 27 2017
Replies: 2403
Views: 374662

Re: Indian Economy News & Discussion - Nov 27 2017

I don't believe Rajan or Panagariya see their actions as unethical. They probably see it as a contribution to society, a furthering of the dialectic. Whether they're speaking 'out of turn' depends on who you ask. What level of public participation is kosher, and on what platform, has never (AFAIK) ...
by Suraj
12 Nov 2018 22:01
Forum: Technology & Economic Forum
Topic: Indian Economy News & Discussion - Nov 27 2017
Replies: 2403
Views: 374662

Re: Indian Economy News & Discussion - Nov 27 2017

Suraj sir, leaving their intent aside, we're not China or Pakistan. People will have opinions and will express it. Right wrong they have right to do so. Anyways IMHO brf is not Gestapo. I would focus on what is said and who said and why, certainly not why they spoke in first place Sorry no, this ha...
by Suraj
12 Nov 2018 21:02
Forum: Technology & Economic Forum
Topic: Indian Economy News & Discussion - Nov 27 2017
Replies: 2403
Views: 374662

Re: Indian Economy News & Discussion - Nov 27 2017

In all fairness, he was on the lecture circuit long before he was appointed RBI governor. He has merely returned to his former profession. His opinion today is about as valid/invalid as it was before his RBI tenure i.e. given in his role as an economist rather than a former civil servant, similar t...
by Suraj
12 Nov 2018 10:57
Forum: Technology & Economic Forum
Topic: Indian Economy News & Discussion - Nov 27 2017
Replies: 2403
Views: 374662

Re: Indian Economy News & Discussion - Nov 27 2017

RRR or economist article did not say anything against GST, he only talked about the effect it had on the growth in short term. Everyone including our FM agrees on this point. He also expects the growth to improve in future so does our govt. There's no meaningful insight in observations like that. B...
by Suraj
12 Nov 2018 02:04
Forum: Technology & Economic Forum
Topic: Indian Economy News & Discussion - Nov 27 2017
Replies: 2403
Views: 374662

Re: Indian Economy News & Discussion - Nov 27 2017

JayS and anyone else, can you find and post data to growth in AUM and any additional data indicating sectors into which these were invested, i.e gilt / blue chip / mid cap / small cap / corporate bonds ?
by Suraj
12 Nov 2018 02:02
Forum: Technology & Economic Forum
Topic: Indian Economy News & Discussion - Nov 27 2017
Replies: 2403
Views: 374662

Re: Indian Economy News & Discussion - Nov 27 2017

To that I don't agree 1. 10+ psbs are under pca at same time. Level of stress fir each may be different. While the net had caught bad fish, but the sins of past are non trivial. You should also take note of the fact that this net is also new. Banks were happy ever greening loans until rr started as...
by Suraj
12 Nov 2018 00:26
Forum: Technology & Economic Forum
Topic: Indian Railways Thread (Dec 2015)
Replies: 2667
Views: 327185

Re: Indian Railways Thread (Dec 2015)

nash wrote:Train18 spotted at Anna Nagar railway station

https://www.youtube.com/watch?v=igf9d-M1hjo

Such a beautiful looking train. Can't believe ICF came up with it in under two years for Rs.100 crore. Way better effort than the original plan to obtain Talgos.
by Suraj
12 Nov 2018 00:21
Forum: Technology & Economic Forum
Topic: Indian Economy News & Discussion - Nov 27 2017
Replies: 2403
Views: 374662

Re: Indian Economy News & Discussion - Nov 27 2017

It's true that some banks are under stress, but the fact is that the current situation is the result of a very effective law enabling banks to clear their books. The only concern is a solvency contagion if too many banks stress themselves at once, and there's a liquidity crisis. But as the quoted RB...
by Suraj
11 Nov 2018 23:26
Forum: Technology & Economic Forum
Topic: Indian Economy News & Discussion - Nov 27 2017
Replies: 2403
Views: 374662

Re: Indian Economy News & Discussion - Nov 27 2017

Perspective on why the government and RBI are at odds. India’s banking system is flirting with a Lehman moment For several years state-run banks have failed to get to grips with a $100bn mountain of dud loans. Now panic has seized parts of the privately run system. One bank boss says the situation ...
by Suraj
10 Nov 2018 00:14
Forum: Technology & Economic Forum
Topic: Indian Sports and Entertainment Industry
Replies: 4748
Views: 345664

Re: Indian Sports and Entertainment Industry

Following their individual performances, Chaudhry and Bhaker won the mixed team gold with a world record: Manu Bhaker and Saurabh Chaudhary win mixed event gold with junior world record Teen shooting sensations Manu Bhaker and Saurabh Chaudhary shattered the junior world record on their way to winni...
by Suraj
09 Nov 2018 23:59
Forum: Technology & Economic Forum
Topic: Civil Aviation Development & Discussion
Replies: 4721
Views: 347346

Re: Civil Aviation Development & Discussion

the strangest one is denver airport. runways built like WW3 raid is imminent - 4 parallel and 2 more at right angle. the airport itself is pretty small compared to beijing or shanghai https://www.google.com/maps/place/Denver+International+Airport/@39.8498144,-104.690693,7580m/data=!3m1!1e3!4m5!3m4!...
by Suraj
09 Nov 2018 04:02
Forum: Technology & Economic Forum
Topic: Indian Economy News & Discussion - Nov 27 2017
Replies: 2403
Views: 374662

Re: Indian Economy News & Discussion - Nov 27 2017

Mudra loan NPAs ease to 4.83 per cent from 6.15% a year ago The share of gross non-performing assets (NPAs) in outstanding Mudra loans eased to 4.83% at the end of FY18 from 6.15% a year ago, according to data with Micro Units Development & Refinance Agency (Mudra). The value of outstanding Mud...
by Suraj
09 Nov 2018 00:12
Forum: Technology & Economic Forum
Topic: Indian Sports and Entertainment Industry
Replies: 4748
Views: 345664

Re: Indian Sports and Entertainment Industry

Saurabh Chaudhary wins gold, Manu Bhaker finishes fourth in Asian Airgun Championships India’s teenage shooting sensation Saurabh Chaudhary continued his incredible run by claiming his fourth individual gold medal in as many months with a top finish in the 10m air pistol junior men’s event of the A...
by Suraj
08 Nov 2018 22:58
Forum: Technology & Economic Forum
Topic: Indian Economy News & Discussion - Nov 27 2017
Replies: 2403
Views: 374662

Re: Indian Economy News & Discussion - Nov 27 2017

But what's bothering me is why govt wants to break the nation's piggy bank now?..What's the emergency?...The GDP is up, the tax collections are at an all time high, there are more tax payers than ever before..probably double the number of UPA times..Then the mega bonanza of fuel taxes..Something cl...
by Suraj
07 Nov 2018 02:36
Forum: Technology & Economic Forum
Topic: Indian Economy News & Discussion - Nov 27 2017
Replies: 2403
Views: 374662

Re: Indian Economy News & Discussion - Nov 27 2017

vijayk: the point I'm trying to make is that you are a disruptive presence here, often derailing this thread with emotions and politics, unable to follow the thread ethos without repeated prodding, and with several of your posts having been deleted without notice for disruption. We know who you are ...
by Suraj
07 Nov 2018 02:08
Forum: Technology & Economic Forum
Topic: India's Shipping Sector
Replies: 378
Views: 75221

Re: India's Shipping Sector

If someone has the time to search through historical news and information, this would be a very interesting topic here - there was once a thriving network of inland waterway commerce in India. That was destroyed by the British, who sought to destroy local commerce and redirect business towards the t...
by Suraj
05 Nov 2018 12:58
Forum: Technology & Economic Forum
Topic: Indian Economy News & Discussion - Nov 27 2017
Replies: 2403
Views: 374662

Re: Indian Economy News & Discussion - Nov 27 2017

IMO, India is not being sufficiently retaliatory in filing counter suits against developed countries for lack of freedom of labour. They keep demanding freedom of movement of goods and capital, but restrict labour mobility. India should learn to say no. What are they going to do ? Pull out of the ma...
by Suraj
05 Nov 2018 12:53
Forum: Technology & Economic Forum
Topic: Indian Railways Thread (Dec 2015)
Replies: 2667
Views: 327185

Re: Indian Railways Thread (Dec 2015)

LHB production rate is far too low to replace everything in the suggested timeline. Latest data I can find: MCF Raebareli: 576 coaches/year in 2016-17, targeting 1000/year ICF Perambur: 1100 LHB coaches in 2017-18, up from 400 in 2016-17 RCF Kapurthala: Unknown Total: 2385 coaches in 2017-18 . Under...
by Suraj
04 Nov 2018 09:55
Forum: Technology & Economic Forum
Topic: Indian Railways Thread (Dec 2015)
Replies: 2667
Views: 327185

Re: Indian Railways Thread (Dec 2015)

If the color of the door is an example of what upsets people, then I'd say ICF has done a spectacular job here :)
by Suraj
04 Nov 2018 00:11
Forum: Technology & Economic Forum
Topic: Indian Railways Thread (Dec 2015)
Replies: 2667
Views: 327185

Re: Indian Railways Thread (Dec 2015)

A Nandy wrote:Moar T18!! :-o


Beautiful looking intercity express EMU. Kudos once again to ICF .

Regarding platform screen doors, even Tokyo Metro or JR lines like Yamanote doesn't have it everywhere. And that's despite the well known stories of people jumping in front of trains there.
by Suraj
01 Nov 2018 00:42
Forum: Technology & Economic Forum
Topic: Indian Economy News & Discussion - Nov 27 2017
Replies: 2403
Views: 374662

Re: Indian Economy News & Discussion - Nov 27 2017

Thanks. It doesn't really looking like anything really changed negatively on our part, and the movement on those is just noise related to others moving. At least two of those three - resolving insolvency and paying taxes - should see massive gains in the 2019 rankings.
by Suraj
01 Nov 2018 00:03
Forum: Strategic Issues & International Relations Forum
Topic: Understanding New China after 19th Congress
Replies: 178
Views: 17226

Re: Understanding New China after 19th Congress

Generally, one month manufacturing PMI data anywhere is far too noisy to see any trend out of. As such, it is not useful. However, historical data IS useful, and the latest data does fit the trendline well: China Caixin Manufacturing PMI data: https://d3fy651gv2fhd3.cloudfront.net/charts/china-manuf...
by Suraj
31 Oct 2018 23:44
Forum: Technology & Economic Forum
Topic: Indian Economy News & Discussion - Nov 27 2017
Replies: 2403
Views: 374662

Re: Indian Economy News & Discussion - Nov 27 2017

The ease of doing business also has subnational (city performance) data for India:
EODB: India sub data
by Suraj
31 Oct 2018 23:38
Forum: Technology & Economic Forum
Topic: Indian Economy News & Discussion - Nov 27 2017
Replies: 2403
Views: 374662

Re: Indian Economy News & Discussion - Nov 27 2017

Arcelor-Mittal's plans that have been approved by Essar Steel creditors include increasing it's capacity from 6.5MT to 15MT. I'm a bit concerned about domestic coal production for power and steel sectors. Coal India is simply not being able to keep up with the demand. Then, there's the coming squee...
by Suraj
31 Oct 2018 23:35
Forum: Technology & Economic Forum
Topic: Indian Economy News & Discussion - Nov 27 2017
Replies: 2403
Views: 374662

Re: Indian Economy News & Discussion - Nov 27 2017

Thanks! Sounds like a PMI++ kind of survey. Do you know what it is about the 'paying taxes', 'enforcing contracts' and 'resolving insolvency' sections (which could be viewed as generally state agnostic) where gains were expected but the metric says otherwise ?
by Suraj
31 Oct 2018 22:25
Forum: Technology & Economic Forum
Topic: Indian Railways Thread (Dec 2015)
Replies: 2667
Views: 327185

Re: Indian Railways Thread (Dec 2015)

Train-18 is a pathbreaking piece of work, ignoring the media's persistent lack of ability to clearly explain what the thing is - an inter-city express EMU. A lot of things about it make it hard to believe IR did that, but it's a testament to ICF's project management here. They took this up from conc...

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