Bharat Rakshak

Supratik

Oil imports are currently 35-40% Russia, 35-40% Islamic countries primarily Saudi and Iraq, Rest from different sources including US. Gas imports are around 50% primarily from Qatar. Complete energy transition to EVs will take at least 15-20 years primarily due to creaky supporting infra in India. T...

Supratik

Sanctions we have to see. I am not sure if they have blocked Russian investors from western financial markets. If not then they will not. For the near term Russia is blocked from western markets. So India will be a good option to reinvest oil profts and earn money. Once Ukraine is resolved we can fu...

Supratik

We should do the same thing with Brazil and other resource rich non-western countries particularly in Africa. All in rupees.

Supratik

Also India is facing low inflation and deflatationary pressures especially since the GST cuts. This maybe to counter that as currency depreciation leads to inflation. To me most of it looks like a short time effect. They should speed up the Indo-US trade deal.

Supratik

Underlying reasons given by economists are Trump tariffs and FPIs withdrawing 17 billion dollars from the market in 2025. But clearly RBI is not aggressively defending the currency.

Supratik

There is an ongoing run on the dollar rupee exchange rate with the present RBI governor not aggressively defending it unlike Shaktikanta Das. This is going to mess up all calculations.

Supratik

The SIR process in West Bengal is likely to be only partially successful in weeding out illegal Bdeshis. The reason is that many have entered the rolls prior to the 2002 SIR when the CPIM was in power in WB and the INC in power at the center. The only option now left is the NRC.

Supratik

There are serious complaints about construction delay and poor quality of construction of NH66 especially the Mumbai-Goa portion. Apparently the project has been ongoing since 2011 and is still not complete. There are a few videos available of poor quality of construction on youtube.

Supratik

Rupee under severe pressure against dollar but RBI is not intervening. I am surprised.

Supratik

Nepal should return to a consitutional Hindu monarchy and eventually ban all Communist parties.

Supratik

Govt should keep an eye on whether the corporates are passing on the GST rate cut benefits to the consumer. Corporates may try wind-fall profit gains.

Supratik

The BJP state govts in Haryana, Rajasthan, Uttarakhand and Chattishgarh have gone into coma with no developmental updates coming out. The other state govts are doing fine with regular updates. Seems nothing is getting done in these 4 states.

Supratik

Also less bribes. The more unecessary regulations, the more rent seeking.

Supratik

SC has "suggested" that Adhaar be considered, not "mandated" or "instructed". ECI is an independent constitutional body and has the right to determine which documents are to be considered.

Supratik

Maharashtra should declare Sanskrit as the third language and end the language controversy. Many if not most northern states have chosen Sanskrit as third language.

Supratik

We may have to remove Harinder Singh as senior women's hockey coach given the poor performance in the league. He is unable to crack senior level hockey.

Supratik

Mumbai, Pune, Hyderabad, Bangalore, Chennai should be linked first. And complete Del-Mum.

Supratik

The next phases of the bullet train should be built in southern India and completion of Del-Ahmd, may be Delhi-Amritsar and more spurs. It will be more economically viable as these are the more developed parts of India. Rest of India can come in the phases after that when purchasing power rises cons...

Supratik

Now that Fadnavis and Shinde have got Dharavi redevelopment project off the ground they should seriously try to solve the MIAL (mumbai airport) slum rehabilitation mess. It is pretty bad that visitors arriving at India's financial capital have to see the airport slums at first sight of India. Rekha ...

Supratik

What nonsense is going on? I am confused.

Supratik

Caste datas thus far available through various surveys may be inaccurate. Many land owning castes have been removed from general category by the British. Also there should be a column for more than one caste or multi-caste as inter-caste marriages are now common.

Supratik

Sikkim and Goa will have developed economy status (nominal) in another 6-8 years. I think the IMF cut-off for nominal is 14500 dollars for developed economies. They are already at 7000-8000 dollars nominal. Next will be HY, TG, next GJ, TN, MH. Bihar will be last. Maybe around 2050. There will be a ...

Supratik · Re: Indian Economy News & Discussion - Nov 27 2017 Very informative article.

Very informative article.

Supratik

This is just monthly data which can go up and down. You have to look at yearly data. Yes there are benefits if you become a net exporter from a net importer. Some of them are the following. Save foreign exchange Create domestic jobs Create ancillary and subsidiary companies Multiplier effect on cons...

Supratik

In addition, they should have RCC fencing along railway tracks near stations to prevent people from accessing platforms through railway tracks. This is a common practice in India.

Supratik

The small (about 3000 sq kms) Comilla district of Bdesh bordering Tripura has unofficially 0.5 million Hindus.

Supratik

AFAIK GDP figures are revised 2-3 times to get to final figure.

Supratik

Very good article by Suraj. Don't be fixated by quarterly or yearly ups and downs in GDP growth rate. Be fixated on the average. Be Rahul Dravid and not Virender Sehwag. We need to keep the average strike rate at 7-8% real GDP growth rate and 10-11% nominal upto 2047. The big bull in the China shop ...

Supratik

You have to double the count of Hindus. Every Bdeshi Hindu knows that there are close to 30 million Hindus. Their census shows half i.e. about 14 million. You can also extrapolate from the last British census of 1941 of undivided Bengal. Also it is very likely that the Muslim population in India, Pa...

Supratik

There is significant Hindu population in Rangpur, much less in Rajshahi.

Supratik

Now that the BJP is in full control of Delhi and NCR as well as central govt there is no more excuse not to turn the region into a world class UA. They need to do these 3 things within the next 10 years 1) Implement Swacch Bharat mission. Except for some posh areas I have not seen another capital re...

Supratik

Sheikh Hasina is 77. She was able to bring down anti-Hindu violence by 70% but not able to eliminate it. By backing her again you are going to only postpone an inevitable confrontation. It may happen after 5 years, 10 years or 20 years but it will happen. You will end up doing fire-fighting every no...

Supratik

Cutting fuel prices is a bad idea. We should encourage faster shift to EVs. Hence, the budget promotes EVs. Short term pain, long term gain. Oil imports are a big component of total imports which leads to trade deficit which puts pressure on the rupee i.e. it depreciates. Regarding eletronics which ...

Supratik

Very good budget. Probably best budget so far by NS. She should look to rationalize the top IT backet (above 50 lakh) in future to encourage wealth generation.

Supratik

This is not feasible. As soon US Fed carries out more rate cuts, RBI is going to do the same. This means interest on FD is going to go down. People want cash in hand due to rising cost of living. Better to cut net tax and make it more granular. IT is only 20% of total tax. You are going to generate ...

Supratik

Tax slabs should also change. There is granularity at the bottom 0%, 5%, 10%, 15% but not at the top. It should be something like 20%, 22%, 25%, 27%, 30% with 35-37% maximum. 47% taxation is extortionist. You want HNW people to stay in India and build businesses instead of moving to tax havens.

Supratik

There is incessant complaint on social media on income tax. Finance ministry should fix this problem. And not wait for middle class revolt or lesser number of seats in election. All you have to do is modify taxation based on growth rate and inflation based on a formula every few years. Given that a ...

Supratik

https://www.imf.org/external/datamapper/profile/IND

Supratik

IMF estimates it will be 4.27 trillion dollars in FY24-25. We should overtake Japan in Q1 25-26.

Supratik

It can be achieved over a 20 year period.

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