Bharat Rakshak

neel

A question for the gurus here. Why are they transporting coal from long distances? Why not just generate the electricity near the mine and generate it there? I am sure transmission cost will not be as high as transmission loss It is a question of time scales: bringing coal from long distances to op...

neel

Arvind Panagriya on the econ decisions Modi must take to sustain growth (Foreign Policy) Mostly sensible, although, as it is published in a Western magazine, it emphasizes by stating first trade liberalization over all the other, much more important reforms (GST, direct-tax simplification, end to r...

neel

One more guy comparing India with China http://www.ft.com/cms/s/0/00358aa0-f0b5-11e3-9e26-00144feabdc0.html#ixzz34kyO9pB3 June 15, 2014 11:34 pm India also has too many mouths to feed From Mr Bachu Biswas. Sir, David Pilling does an excellent job in listing Narendra Modi’s challenges in leading Ind...

neel

Nearly a quarter of new mobile subscribers worldwide added in the first quarter of 2014 were in India: India adds highest number of mobile subscribers in Q1 2014 Registering the highest growth globally in addition of mobile subscribers, India accounted for over 23 per cent of total mobile users add...

neel

Am I the only one concerned that India has joined the bandwagon of high-speed rail boondoggles? In fairness, there are stretches in India which are sufficiently densely populated to support financially sound high-speed rail links, but the full quadrilateral is not such a stretch. If they were to con...

neel

So, is this the appropriate thread to speculate about what economically significant policy changes we can expect from the new NDA government now that we know they will have the votes to adopt basically anything they want?

neel

A study of the sources of the skewed sex ratio in India (among other countries). Highlights include that only 11% of the "missing" women were victims of sex-selective abortion. More (14%) are attributable to excess female deaths due to injuries (i.e. violence against women). Even more stil...

neel

More than million/billion, I am keen to see numbers like thousand crore, lakh crore, crore crore go away. I certainly agree that nobody should ever say crore crore. But there is no need to then say hundred trillion when they can instead say jaladhi. My main point is that we invented the idea of num...

neel

Sorry but I for one am glad to see lakhs/crores bite the dust. Just to quote a phrase from Rajiv Malhotra - it just shows who is digesting whom. The problem I see is that Indians stopped using notations after crore and started using thousand crore, lakh crore etc. It just confuses almost everyone. ...

neel

Sorry but I for one am glad to see lakhs/crores bite the dust. Just to quote a phrase from Rajiv Malhotra - it just shows who is digesting whom. The problem I see is that Indians stopped using notations after crore and started using thousand crore, lakh crore etc. It just confuses almost everyone. ...

neel

Theo_Fidel wrote:RBI has posted their GDP numbers for 2011-2012.

Rs 89.121 Trillion.

GCFC of Rs 26.09 Trillion. About 29% of GDP.

You of course meant GFCF, right?

neel

Precision and accuracy are two different parameters of a measurement. I am not even sure what a price index to five decimal places in a country as large as India means. I mean that quite literally. is the price of onions the same in Himachal as Manipur, is the onion even the same?! First, I said 5 ...

neel

We finally have an accurate number for the y-o-y inflation rate: I am sorry but any official figures of a country's inflation that gives two decimal places (significant figures) betrays a deep illiteracy. If we are discussing significant figures, keep in mind that the price index has 5 sig figs, so...

neel

We finally have an accurate number for the y-o-y inflation rate : Provisional annual inflation rate based on all India general CPI (Combined) for January 2012 on point to point basis (January 2012 over January 2011) is 7.65 percent. The corresponding inflation rates for rural and urban areas are 7.3...

neel

X-Posting from the India-US thread Indo-US bilateral trade expected to cross $100 bn this year http://www.hindustantimes.com/business-news/WorldEconomy/Indo-US-bilateral-trade-expected-to-cross-100-bn-this-year/Article1-808315.aspx Can someone tell me how they plan to make this happen within a year...

neel

India's per capita income crosses Rs 50K ($1000) Now to make it 10 times in less than 10 years and then we will have arrived! :) What is meant by per capita income here is NNP per capita. NNP per capita includes those remittances from workers in other countries that are reported to the government (...

neel

A lot of the misconceptions about the conditions in India come from a lack of good data, both because people lie about how much money they have when asked by government officials and because there was no comprehensive data collection effort on par with international standards until the past 5 years....

neel

No more weekly inflation number. Now there will be no weekly inflation number. The Government has decided to bring in the wholesale price index (WPI) only on a monthly basis. WPI is also known as the headline inflation number. The Cabinet Committee of Economic Affairs (CCEA) on Tuesday approved the...

neel

This 'The Economist"'s Big Mac Index says that Indian Rupee is undervalued to the tune of 61%. And CHF is overvalued to the tune of that much. Means = INR & CHF are == in Big Mac Term !! Majedar readings http://timesofindia.indiatimes.com/business/india-business/Worlds-most-undervalued-cur...

neel

I don't always read the racist rag but bit of OT but important news. Our sex ratio is skewing back to normal at a rapid rate. I blame TV. :D #1 social reform tool. :D http://www.economist.com/node/21542208 A glimmer of hope in the sad tale of sex-selective abortion in India Now, however, comes evid...

neel

vikram- I would actually take to opposite view, namely that if we can get the leftists to shut up about disvestment by promising to use the proceeds to finance their vote buying, it is worth it to get rid of all of those inefficient Soviet-era relics. When we have such a capable private sector, ther...

neel

when you say bounce back and INR in one breadth it is fresh air to me. say INR is at 44 to dollar yester day it went up to say 56 to dollar today then according to you it will bounce back to 66 or higher day after or very soon. no bounce back when you bounce you go higher according to dictionary bo...

neel

That will only happen if India discovers unlimited energy and unlimited supplies. Otherwise fugghettiabaddit. Once upon a time, there wasn't the technology for unlimited energy at any price. This is no longer the case. There is already the technology for unlimited energy; it's only a matter of pric...

neel

Citigroup feels that by 2050, India will become world's largest economy http://economictimes.indiatimes.com/opinion/comments-analysis/with-85-trillion-how-india-can-become-worlds-largest-economy/articleshow/10699821.cms According to a study by US banking group Citi, India will be the world's larges...

neel

Btw, where did you get this mysterious 90% figure from? The Fed is only relevant to the commercial banks - even today the rest of the financial services world hardly has much to do with the Fed. Just a minor nitpick, as part of the new ad hoc discretionary authority that the Fed arrogated to itself...

neel

Neel, That is an interesting perspective. If so how did the investment arm of banks manage to bring down the commercial arms as well. How did they both go bankrupt, which is what happened when credit dried up. As far as I know both units still function under a single entity and use the capital from...

neel

Wonder if this was posted before??? NREGA funds used for buying SUVs: Jairam Another scam on the horizon!!! :mrgreen: Jai ho! World's largest kleptocracy Jai ho! At least this way there are actual capital goods that were produced with the funds, rather than some hole in the ground that was dug and ...

neel

You know, I think Delhi is not as bad as it would have been if it had another class of parasites - investment bankers. The current economic mess was created by investment bankers alone without any help from the other classes of parasites. The mess really started in 1998, when the LTC(mis)M firm, (m...

neel

This is just the portion of wealth that is captured by the CSO, which I usually assume to be ~2/3 of the total. We know this because they say that wealth has tripled in 10 years, meaning wealth in 2000 was $3.5 trillion/3 = Rs. 51.6 lakh crore, almost exactly the Rs. 52.8 lakh crore given in the mo...

neel

hindu business line. India's wealth triples to $3.5 trillion: Report Our Bureau Mumbai, Oct. 8 India's wealth has tripled to $3.5 trillion in the last decade, says the Global Wealth Report launched by Credit Suisse Research Institute. The report also said that by 2015, India's wealth could double t...

neel

There are three issues of relevance to this discussion: 1. Underreporting of raw output: This is a big problem since anywhere between 20-40% of output is not reported for inclusion in CSO datasets. However, this portion is roughly static in time (i.e., people are just as likely to hide output today ...

neel

Another piece of (expected) positive news: GST task force propses rates and exemptions The Thirteenth Finance Commission’s taskforce on the proposed goods and services tax (GST) has recommended a 5 per cent central GST and 7 per cent state GST on all goods and services, except five specific categor...

neel

It would work in the sense of the system not collapsing, but it would not work as well as a system with banks, since the money spent on consumption could not simultaneously be the principal of any loans. When money is in a bank it can be spent even while it has been lent out , since the "spend...

neel

[quote="neel] In this case the big culprit was counter cyclical monetary policy (viz. negative real interest rates) causing an artificial housing bubble. Addendum - Although the trillions of dollars of government dis-savings crowding out private investment certainly did not help. I'm afraid th...

neel

ok so let us assume there are no savings at all and people are spending everything they earn.and investors are putting all their profits/earnings into investments. if consumers don't want spend everything, they can directly lend excess money to investors/producers through capital markets, corporate...

neel

I have a had this silly doubt regarding savings all the time. Shouldn't all the money in the system be actually saved in Banks? even if we spend, that money actually goes into company savings or to pay to employees or to pay for raw materials which inturn goes into bank accounts. Then how can one d...

neel

I do not expect the government to follow counter cyclical policies; in fact, I wish that they would not. In practice, counter cyclical policies only serve to shorten expansionary periods by inflating asset bubbles that produce shocks (a la the housing bubble that precipitated the shock that kicked ...

neel

While I agree that such a system would be better than what we have, the sad truth is that, in practice, whenever one gains control of an army, one is inclined to arrogate to oneself the authority to print money whose value is enforced by the power of one's army, that one might be able to pay said a...

neel

http://buttonwood.economist.com/content/gdc India Public Debt: $721B Public Debt as %GDP: 59.6% China Public Debt: $872B Public Debt as %GDP: 17.9% US Public Debt: $6.7 T Public Debt as %GDP: 48.2% Russia Public Debt: $163B Public Debt as %GDP: 12.6% India is in far worse shape than the USA as far ...

neel

So, to answer your question...too much savings is not good and too much consumption is not good...both have to be in balance to create employment, keep inflation rate at a reasonable rate and to keep the long term interest rates at moderate level. (how much is too much/moderate/reasonable etc varie...

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