Is there a concept of negative work outside of engineering in govt/babu dom?
of course ! work done by the babu is negative, work done for the babu is positive !
Is there a concept of negative work outside of engineering in govt/babu dom?
The hot and humid weather has affected the power situation in the northern region the most as demand has shot up. Against an expected demand of 13,720 mw on Friday, the northern grid was wheeling nearly 15,000 mw as states sucked 1,540 mw more than their share from the pool. This sparked low voltage and fluctuations in many areas. UP was the most indisciplined with an overdrawal of 1,270 mw, followed by Delhi (140 mw) and Punjab (130 mw).
All the four other arterial supply regions also reported shortage, but only the eastern region reported an overdrawal of 132 mw by Bihar. The western region reported a shortfall of 873 mw, northeastern region 112 mw and southern region 61 mw.
The national grid wheeled 84,670 mw of power on Friday, which was 14-15% short of the demand. On Thursday, TOI had first reported that the Tehri hydel plant, which supplies substantial power to Delhi, is doddering on the verge of closure as the water level in its reservoir has sunk to 740 metres.
RaviBg wrote:Is it not possible to have build power stations near Delhi for NCR, say something like gas/coal-fired plants? I don't see any UMPP near Delhi planned. Is it a shortage of water or are there any other issues?
The govt may mop up about 15 billion dollars (over Rs 72,000 crore) annually with the implementation of Goods and Services Tax (GST)-- the new tax regime doing away with the most indirect taxes.
Growth in the index of six core infrastructure industries slipped to a three-month low of 2.8 per cent in May 2009 on account of a dip in crude oil and refinery production as well as less power generation by hydel plants.
The Index of Industrial Production (IIP) is most likely to be in the positive territory in May, even as the core sector performance was less than expected because of positive indications from some components of the manufacturing sector. The core sector has 27 per cent weight in IIP.
The core sector performance in May was lower than that of April, when it expanded by 5 per cent, as well as the increase of 3.1 per cent a year ago.
“IIP will be in the positive territory, but the growth will be muted. Indications from textile, auto and cement sectors are positive, which will keep IIP floating in the positive,” said Shubhada Rao, chief economist, World Bank.
Among other issues, the amendments will increase the scope of work under the NREGA. There is a proposal to include “agricultural work” in the 100-day flagship employment programme.
“We also intend to include activities like poultry, fisheries under the NREGA,” a top ministry official told Business Standard. The labour component in construction of washrooms in the private houses of BPL (below poverty line) population under the Indira Awaas Yojana may also be included in the list of works prescribed under the Act. Currently, only eight types of manual works are allowed in the schemes under NREGA.
A section of the ministry also feels that use of machines can be selectively allowed in the NREGA for better results and more employment opportunity. “For creating embankments or ponds, heavy machines can do the basic digging and then people can be employed for the rest of the work. In states like Punjab and Bihar, machines are already used in this manner,” said an official.
To make the bureaucrats more accountable, the amendments will specify that the role of the “district coordinators” (the top official in charge of overseeing the implementation of the NREGA in a particular district) should only be given to the respective district magistrates. “Currently, the states have the power to employ other officers at the rank of DMs in this post. But if a district magistrate is held directly accountable for the project, then the loopholes can be plugged and better implementation can be assured,” said another official.
On account of lower trade deficit and surplus invisibles account India’s current account recorded a surplus of $ 4.7 billion during the fourth quarter of 2008-09 as against $ 1.5 billion deficit in the corresponding quarter in 2007-08.
The current account balance saw this turnaround after two years. During the January-March 2007 current account increased by $ 4.2 billion.
Although invisibles declined by seven per cent in the fourth quarter it led to a surplus in the current account. Services increased by over 45 per cent to $ 10.99 billion as compared to $7.56 billion in the corresponding quarter in 2007-08. At the same time transportation increased to $ 424 million as against a dip of $215 million in January-March 2007-08.
Abhijeet wrote:Vietnam will have a higher per capita income than India? That would be strange considering India is ahead of Vietnam (slightly) in PCI right now.
Also if UK PCI > US PCI in 2050, it seems to suggest that all the doom and gloomers on the global economic crisis thread will likely not see their fantasies of UK economic ruin come true.
Not that these predictions will be 100% accurate, of course.
Predictions are dangerous, especially about the future.
Data released by the commerce ministry today revealed that merchandise exports dipped 29.2 per cent in May 2009 and stood at $11 billion, as against $15.5 billion in the year-ago period.
Imports also dipped for the sixth month in the running, pointing towards weak appetite for goods in the domestic economy. It contracted by 39.2 per cent to $ 16.21 billion in May.
The trade deficit — difference between exports and imports value — shrunk by 53.3 per cent in the month under consideration and stood at $5.2 billion. With oil imports contracting due to weak international prices, the trade deficit has been dipping in the last five months. Weakening trade deficit and stronger foreign direct investment (FDI) inflows led to the India’s current account become surplus for the first time in two years in the three months ended March 2008.
The fall in imports has been attributed to the decline in the crude oil Bill of the country. In the month under consideration, India’s oil imports stood at $4.13 billion, a dip of 60 per cent over $10.5 billion in May 2008.
Non-oil imports which comprise capital goods as well as raw material used by India Inc. also contracted by almost a fourth and stood at $12 billion, as against $16.18 billion in the year-ago month. This shows the weak domestic demand in the Indian economy, in the backdrop of the global economic recession.
vina wrote:The huge news is GDP wise, the gap is JUST 9 YEARS
It depends on how one skins the cat. A straight calculation assuming no exchange rate fluctuations and 8% growth for India every year shows it will take 16 years to grow to the size of China's economy today.
vina wrote:I would bet on the Indian currency appreciating from here.
vina wrote:It will depend on the current account deficit and trade surpluses, but even in the BRICs model, atleast a large part of the gap is closed to the converging of GDP in PPP and nominal values.
vina wrote:The gap between India and China will close becuase, India is accelerating it's growth, while Chinas has plateaued and is growth rates are goign to drop.
vera_k wrote:Hope this happens, but there are long odds. To close the current gap in 9 years will need updating the way India calculates GDP along with double digit growth rates.
Jamal K. Malik wrote:Recovery may decide growth trajectory
The Economic Survey 2008-09 today forecast a growth rate of 6.25-7.75 per cent for the Indian economy during the current financial year (2009-10), provided the US economy “bottoms out” by September 2009.
g.kacha wrote:Jamal K. Malik wrote:Recovery may decide growth trajectory
As per the article ...The Economic Survey 2008-09 today forecast a growth rate of 6.25-7.75 per cent for the Indian economy during the current financial year (2009-10), provided the US economy “bottoms out” by September 2009.
from whatever I am reading on the economy (the BS about green-shoots not withstanding) ...the assumption that US economy will bottom out by Sep 2009 is just plain wrong ... So I guess our growth rate for 2009-10 will be much lower than 7.75%
In Budget 2009, the defence services have been allocated Rs 1,41,703 crore (Rs 1,417.03 billion) for 2009-10, a 34 per cent hike from 2008-09 budgetary allocation of Rs 1,05,600 crore (Rs 1,056 billion).
IndraD wrote:can some one please explain the new tax structure, also why money only for IIT, NIIT, don;t we need AIIMS like hospitals all over India, we should have many of them.
A simple question. Did India need stimulus money? Or did India go down the path because the West had gone down that particular path?
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