Indian Economy News & Discussion - Nov 27 2017
Re: Indian Economy News & Discussion - Nov 27 2017
as long as we have venal and revdi fixated politicos dishing out free power to buy votes, this is bound to happen
Re: Indian Economy News & Discussion - Nov 27 2017
Instead of free electricity, why not go this route
It makes more sense
It offloads and also frees up conventionally generated power that can be repurposed, generates employment and helps the environment
It makes more sense
It offloads and also frees up conventionally generated power that can be repurposed, generates employment and helps the environment
Re: Indian Economy News & Discussion - Nov 27 2017
Where Digital Payments, Even for a 10-Cent Chai, Are Colossal in Scale
https://www.nytimes.com/2023/03/01/busi ... s-upi.html
An article in the New York Times Business section about the success of India's UPI system without using the adjective "Hindu Nationalist".
https://www.nytimes.com/2023/03/01/busi ... s-upi.html
An article in the New York Times Business section about the success of India's UPI system without using the adjective "Hindu Nationalist".
Re: Indian Economy News & Discussion - Nov 27 2017
It is behind a paywall
Re: Indian Economy News & Discussion - Nov 27 2017
It is now. I was able to read it till a couple of hours ago in Firefox without logging in. It was one of the articles "Recommended by Pocket".fanne wrote:It is behind a paywall
Re: Indian Economy News & Discussion - Nov 27 2017
Use archive service . You can read all articles .
Re: Indian Economy News & Discussion - Nov 27 2017
https://archive.ph/wvBXuKanoji wrote:Where Digital Payments, Even for a 10-Cent Chai, Are Colossal in Scale
https://www.nytimes.com/2023/03/01/busi ... s-upi.html
An article in the New York Times Business section about the success of India's UPI system without using the adjective "Hindu Nationalist".
Here it is
Re: Indian Economy News & Discussion - Nov 27 2017
Thank you vijayk ji.vijayk wrote: https://archive.ph/wvBXu
Here it is
Re: Indian Economy News & Discussion - Nov 27 2017
The intent and content are not only past the sell by date, but also the need to push this narrative is suspect.
The Indian markets have already taken the soros triggered hindengurg imbroglio in their stride and they have also recognized it for what it's worth
The Indian markets have already taken the soros triggered hindengurg imbroglio in their stride and they have also recognized it for what it's worth
Re: Indian Economy News & Discussion - Nov 27 2017
https://www.business-standard.com/artic ... 952_1.html
Foxconn Technology eyes second chip plant in India, sans govt incentive
First unit, by Vedanta-Foxconn JV, under PLI scheme
Foxconn Technology eyes second chip plant in India, sans govt incentive
First unit, by Vedanta-Foxconn JV, under PLI scheme
Having already applied to set up a semiconductor plant in India with joint venture (JV) partner Vedanta, Foxconn Technology Group has shown interest in setting up a second plant, this time without any government incentive.
Re: Indian Economy News & Discussion - Nov 27 2017
US companies re-examining Chinese supply chains – Head of France’s CMA CGM cautions businesses are seeking alternative freight routes as political relations sour
https://archive.ph/omTL4
https://archive.ph/omTL4
Last edited by vijayk on 07 Mar 2023 21:20, edited 1 time in total.
Re: Indian Economy News & Discussion - Nov 27 2017
Albert Wenger is a partner at Union Square Ventures (USV), a New York-based early stage VC firm focused on investing in disruptive networks. USV portfolio companies include: Twitter, Tumblr, Foursquare, Etsy, Kickstarter and Shapeways.
Before joining USV, Albert was the president of del.icio.us through the company’s sale to Yahoo. He previously founded or co-founded five companies, including a management consulting firm (in Germany), a hosted data analytics company, a technology subsidiary for Telebanc (now E*Tradebank), an early stage investment firm, and most recently (with his wife), DailyLit, a service for reading books by email or RSS.
Albert graduated summa cum laude from Harvard College in economics and computer science and holds a Ph.D. in Information Technology from MIT.
https://continuations.com/post/71109380 ... sions-2023
Before joining USV, Albert was the president of del.icio.us through the company’s sale to Yahoo. He previously founded or co-founded five companies, including a management consulting firm (in Germany), a hosted data analytics company, a technology subsidiary for Telebanc (now E*Tradebank), an early stage investment firm, and most recently (with his wife), DailyLit, a service for reading books by email or RSS.
Albert graduated summa cum laude from Harvard College in economics and computer science and holds a Ph.D. in Information Technology from MIT.
https://continuations.com/post/71109380 ... sions-2023
Fifth, in venture capital there are now many local funds, meaning funds that are not branded offshoots of US funds, such as Sequoia India. I spent time with the team from Prime Venture Partners (co-investors in Bolt) and Good Capital among others. It is great to see that in addition to software focused funds there are also ones focused on agtech/food (e.g. Omnivore) and deep tech (e.g. Navam Capital). Interestingly all the ones I talked to have only offshore LPs. There is not yet a broad India LP base other than a few family offices and regulations within India are apparently quite cumbersome, so the funds are domiciled in the US or in Mauritius.
Sixth, the “India Stack” is enabling a ton of innovation and deserves to be more widely known outside of India (US regulators should take note). In particular, the availability of a verified digital identity and of unified payments interfaces is incredibly helpful in the creation of new online and offline experiences, such as paying for a charge on the Bolt charging network. This infrastructure creates a much more level playing field and is very startup friendly. Add to this incredibly cheap data plans and you have the foundations for a massive digitally led transformation.
Seventh, India is finally recognizing the importance of the climate crisis both as a threat and as an opportunity. India is already experiencing extreme temperatures in some parts of the country on a regular basis (the opening of Kim Stanley Robinson’s Ministry for the Future extrapolates what that might lead to). India is also dependent on sufficient rainfall during the Monsoon season and those patterns are changing also (this is part of the plot of Neal Stephenson’s Termination Shock). As far as opportunity goes, India recently discovered a major lithium deposit, which means that a key natural resource for the EV transition exists locally (unlike oil which has to be imported). India has started to accelerate EV adoption by offering subsidies.
All in all this trip has made me bullish on India. Over the coming years I would not be surprised if we wind up with more investments from USV there, assuming we can find companies that are a fit with our investment theses. In the meantime, I will look for some public market opportunities for my personal portfolio.
Re: Indian Economy News & Discussion - Nov 27 2017
easy large american retailers like walmart etcvijayk wrote:US companies re-examining Chinese supply chains – Head of France’s CMA CGM cautions businesses are seeking alternative freight routes as political relations sour
https://archive.ph/omTL4
[img]https://pbs.twimg.com/media/FqnYpV3WAAE ... name=large
Re: Indian Economy News & Discussion - Nov 27 2017
https://www.financialexpress.com/expres ... e/3000473/
John Deere exports made-in-India tractors to US, Europe
The company had shifted a line to manufacture the 5M range of its high-end higher horsepower tractors in India during the Covid-19 pandemic to leverage the manufacturing and supply base in the country.
Written by Geeta Nair
John Deere exports made-in-India tractors to US, Europe
The company had shifted a line to manufacture the 5M range of its high-end higher horsepower tractors in India during the Covid-19 pandemic to leverage the manufacturing and supply base in the country.
Written by Geeta Nair
Re: Indian Economy News & Discussion - Nov 27 2017
https://www.pib.gov.in/PressReleasePage ... ID=1903091
Really great trove of information in this press release. My biggest take is Manufacturing only grew by 6.7% while every other sector grew by double digits if looked from the perspective of current prices. But if we are looking at the rate from 2011-12 prices, manufacturing activity only grew by 0.6% for 2022-23. This after a healthy growth of 11.1% for 2021-22 . My understanding is this is because of RBI raising interest rates to control inflation, but which also sqeezed manufacturing sector.
Am I understanding this correctly and why do we consider 2011-12 year as the base year for these estimates?
Really great trove of information in this press release. My biggest take is Manufacturing only grew by 6.7% while every other sector grew by double digits if looked from the perspective of current prices. But if we are looking at the rate from 2011-12 prices, manufacturing activity only grew by 0.6% for 2022-23. This after a healthy growth of 11.1% for 2021-22 . My understanding is this is because of RBI raising interest rates to control inflation, but which also sqeezed manufacturing sector.
Am I understanding this correctly and why do we consider 2011-12 year as the base year for these estimates?
Re: Indian Economy News & Discussion - Nov 27 2017
https://youtu.be/Al_DQniFgXA
3 points
1. Growth numbers have been revised for the past 3 yrs and they are better
2. Balance sheets for banks and corporations have improved
3. Huge jump in services export from 85 to 150 billion, scope is expanding to r&d
4. Global slowdown is a risk
3 points
1. Growth numbers have been revised for the past 3 yrs and they are better
2. Balance sheets for banks and corporations have improved
3. Huge jump in services export from 85 to 150 billion, scope is expanding to r&d
4. Global slowdown is a risk
Re: Indian Economy News & Discussion - Nov 27 2017
https://www.bqprime.com/markets/indian- ... fy24-study
Indian Banks' Gross NPA May Touch Decadal Low Of Sub-4% By FY24: Study The study attributed the decline in gross non-performing assets to the post-Covid economic recovery and higher credit growth.
Bad loans of Indian banks are expected to decline 90 basis points to less than 5% in FY 2023 and hit a decadal low of sub-4% by Mar. 31, 2024, said an Assocham-Crisil Rating study unveiled on Thursday.
Indian Banks' Gross NPA May Touch Decadal Low Of Sub-4% By FY24: Study The study attributed the decline in gross non-performing assets to the post-Covid economic recovery and higher credit growth.
Bad loans of Indian banks are expected to decline 90 basis points to less than 5% in FY 2023 and hit a decadal low of sub-4% by Mar. 31, 2024, said an Assocham-Crisil Rating study unveiled on Thursday.
Re: Indian Economy News & Discussion - Nov 27 2017
India's net direct tax collection grew 17% to ₹13.73 lakh crore till 10 March.
India's net direct tax collections, between 1 April, 2022, and 10 March, 2023, rose 17 per cent to ₹13.73 lakh crore, which is 83 per cent of the revised target for the full financial year, the Central Board of Direct Taxes (CBDT) said on Saturday.
Refunds amounting to ₹2.95 lakh crore have been issued during 1 April last year till 10 March, 2023, which are 59.44 per cent higher than refunds issued during the same period in the preceding year.
Direct tax collection, net of refunds, came in at Rs 13.73 lakh crore, which is 16.78 per cent higher than the net collections for the corresponding period of last year.
The growth in direct tax mop-up, which comprises personal income tax and corporate taxes, was driven by Personal Income Tax (PIT) collections.
On a gross basis, the collection rose 22.58 per cent to ₹16.68 lakh crore.
This collection is 96.67 per cent of the total budget estimates and 83.19 per cent of the total revised estimates of direct taxes for the financial year 2022-23, the CBDT said in an official release.
After adjustment of refunds, the net growth in CIT (Corporate Income Tax) collections is 13.62 per cent and that in PIT collections including STT (Securities Transaction Tax) is 20.06 per cent, the statement said.
The Central Government is most likely to achieve its revised direct tax collection target of ₹16.5 lakh crore in 2022-23.
Usually in March, tax collections increase remarkably due quarterly and yearly closures, and the government would hope to achieve the revised target for the year.
India's net direct tax collections, between 1 April, 2022, and 10 March, 2023, rose 17 per cent to ₹13.73 lakh crore, which is 83 per cent of the revised target for the full financial year, the Central Board of Direct Taxes (CBDT) said on Saturday.
Refunds amounting to ₹2.95 lakh crore have been issued during 1 April last year till 10 March, 2023, which are 59.44 per cent higher than refunds issued during the same period in the preceding year.
Direct tax collection, net of refunds, came in at Rs 13.73 lakh crore, which is 16.78 per cent higher than the net collections for the corresponding period of last year.
The growth in direct tax mop-up, which comprises personal income tax and corporate taxes, was driven by Personal Income Tax (PIT) collections.
On a gross basis, the collection rose 22.58 per cent to ₹16.68 lakh crore.
This collection is 96.67 per cent of the total budget estimates and 83.19 per cent of the total revised estimates of direct taxes for the financial year 2022-23, the CBDT said in an official release.
After adjustment of refunds, the net growth in CIT (Corporate Income Tax) collections is 13.62 per cent and that in PIT collections including STT (Securities Transaction Tax) is 20.06 per cent, the statement said.
The Central Government is most likely to achieve its revised direct tax collection target of ₹16.5 lakh crore in 2022-23.
Usually in March, tax collections increase remarkably due quarterly and yearly closures, and the government would hope to achieve the revised target for the year.
Re: Indian Economy News & Discussion - Nov 27 2017
The alleged low 4.4% GDP growth in Q3 is because of base effect revisions.
Shouldn't this be the job of the govt to highlight such things when they publish the GDP data.
or did they purposely play it like so, just to snooker pappu and his commie pals
Shouldn't this be the job of the govt to highlight such things when they publish the GDP data.
or did they purposely play it like so, just to snooker pappu and his commie pals
Re: Indian Economy News & Discussion - Nov 27 2017
https://energy.economictimes.indiatimes ... redirect=1
West has lot to learn from Modi on economic, green policies: Former UN Environment head
The West also has a lot to learn from economic policies and green commitment of Prime Minister Narendra Modi, who systematically uses the state as an economic tool, much like South Korea did with thundering success a few decades ago.
Read more at:
https://energy.economictimes.indiatimes ... redirect=1
West has lot to learn from Modi on economic, green policies: Former UN Environment head
The West also has a lot to learn from economic policies and green commitment of Prime Minister Narendra Modi, who systematically uses the state as an economic tool, much like South Korea did with thundering success a few decades ago.
Read more at:
https://energy.economictimes.indiatimes ... redirect=1
Re: Indian Economy News & Discussion - Nov 27 2017
https://archive.ph/s06n4
India is getting an eye-wateringly big transport upgrade
Overhauling the country’s roads and railways will make it richer and much better-connected
India is getting an eye-wateringly big transport upgrade
Overhauling the country’s roads and railways will make it richer and much better-connected
“It’s so much more comfortable!” says M. Afzal, 42, a cloth dealer from Varanasi heading to Kanpur, an intermediate stop. “But the main thing is the saving of time.”
That sentiment is becoming increasingly commonplace in India. Long known for its interminable, rattling train journeys, snarled roads and grotty airports, the country is experiencing an infrastructural makeover unseen outside China. It will transform Indians’ ability to travel, by rail, road and air; and so intermingle and do business. Mr Modi’s government hopes it will remove one of the biggest constraints on the rapid economic growth that India needs to meet the aspirations of its young, fast-growing population.
The scale of the build-out is remarkable. The first indigenously designed and built Vande Bharat service was flagged off by Narendra Modi in 2019. In the past six months the Hindu-nationalist prime minister, who loves a ribbon-cutting above all things, has inaugurated eight more, including two in Mumbai last month. His government promises to launch 500 more Vande Bharat services in the next three years. A genuinely high-speed line—with top speeds greater than America’s Acela service runs at—is meanwhile being built, with Japanese help, between Mumbai and Ahmedabad, in the western state of Gujarat. It will cut travel-time between the two economic hubs from six hours to two.
Two new “freight corridors”, between Mumbai and Delhi and between Punjab and West Bengal, are semi-operational and scheduled to be finished by next year. Another four are on the cards. Their electrified tracks will allow goods to be moved on 1km-long trains at speeds of up to 70kmh; up from 25kmh today.
India is meanwhile adding 10,000km of highway a year. The length of the rural road network has increased from 381,000km in 2014, when Mr Modi was elected, to 729,000km this year. Over the same period the number of Indian airports has doubled. The prime minister also opened an airport in the southern state of Karnataka last month; and on March 12th a new highway in the same state.
Mr Modi’s Bharatiya Janata Party (bjp) has pushed new infrastructure across the board. India’s electricity-generation capacity has grown by 22% and renewable-energy capacity nearly doubled in the five years to 2022. Broadband connections have jumped from 61m before Mr Modi took over to 816m last year. A new mobile-based payment system launched in 2016 now accounts for more than half of all digital transactions. Yet the infrastructure push is mainly focused on transport, which the Modi administration considers the key to India’s past failings and its likeliest guarantor of future success.
India will spend 1.7% of gdp on transport infrastructure this year, around twice the level of America and most European countries. The stated aim of the splurge is to cut the cost of logistics within India from around 14% of gdp today to 8% by 2030. It should also, the bjp hopes, help ensure Mr Modi’s re-election next year.
The makeover is everywhere stamped with his imprimatur. Mr Modi conducts progress reviews with the rail, roads and other relevant departments on a monthly basis. His bearded image, underlined with triumphalist bjp slogans, looks munificently down over construction sites across the country. bjp propagandists present the prime minister as a results-driven leader building India into an “amrit kaal” or, loosely translated, “golden era”.
Re: Indian Economy News & Discussion - Nov 27 2017
In the past six months the Hindu-nationalist prime minister, who loves a ribbon-cutting above all things
Every article about Britain should include
The country which still follows an anachronistic monarchy where a septuagenarian believes he was chosen by God to lead a country...
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- BRF Oldie
- Posts: 6125
- Joined: 16 Oct 2005 05:51
Re: Indian Economy News & Discussion - Nov 27 2017
You do realise India Today “India’s premier newsmagazine” refers to Indian clothes as ethnic dress?
I don’t know if this is due to carelessness with the English language or due to rank stupidity.
I don’t know if this is due to carelessness with the English language or due to rank stupidity.
-
- BRFite
- Posts: 1641
- Joined: 10 May 2010 13:37
Re: Indian Economy News & Discussion - Nov 27 2017
AnujanAnujan wrote:In the past six months the Hindu-nationalist prime minister, who loves a ribbon-cutting above all things
Every article about Britain should include
The country which still follows an anachronistic monarchy where a septuagenarian believes he was chosen by God to lead a country...
Brilliant! But I have a minor quibble. King Charles's head is scarcely calculated to bear the weight of any thought leave alone one as heavy as the notion that he has a Heavenly mandate.
Re: Indian Economy News & Discussion - Nov 27 2017
The favourite pastime for British Royalty is cutting ribbons too, together with unveiling plaques. As the late Duke of Edinburgh once said "I have unveiled a few plaques in my time!"Anujan wrote:In the past six months the Hindu-nationalist prime minister, who loves a ribbon-cutting above all things
Every article about Britain should include
The country which still follows an anachronistic monarchy where a septuagenarian believes he was chosen by God to lead a country...
Re: Indian Economy News & Discussion - Nov 27 2017
https://www.cnbc.com/2023/03/15/financi ... ector.html
Credit Suisse Group AG said it found 'material weaknesses' in its reporting and control procedures for the past two years, following which netizens said the Swiss lender should have set its house in order before taking action against Hindenburg-hit Adani Group.
karma bites back !
Shares of the Swiss lender fell more than 24% after its biggest backer said it won’t provide further financial support. Credit Suisse announced Tuesday it had found “material weakness” in its financial reporting process from prior years.
Credit Suisse Group AG said it found 'material weaknesses' in its reporting and control procedures for the past two years, following which netizens said the Swiss lender should have set its house in order before taking action against Hindenburg-hit Adani Group.
karma bites back !
Shares of the Swiss lender fell more than 24% after its biggest backer said it won’t provide further financial support. Credit Suisse announced Tuesday it had found “material weakness” in its financial reporting process from prior years.
Re: Indian Economy News & Discussion - Nov 27 2017
please send the rajans, the cowschitt basus, and the gopinaths several cases of burnol each
BTW, and also coincidentally, it appears that the governors of Fed, BOE, and, of course the RBI, are also history majors
https://www.newindianexpress.com/busine ... 56554.html
BTW, and also coincidentally, it appears that the governors of Fed, BOE, and, of course the RBI, are also history majors
Shaktikanta Das, Governor of the Reserve Bank of India (RBI), has been named the 'Governor of the Year' for 2023 by the international economic research journal Central Banking
https://www.newindianexpress.com/busine ... 56554.html
Re: Indian Economy News & Discussion - Nov 27 2017
B.A. (history) + school of hard knocks + common sense >> IIT + IIM + PhD + professorship
Re: Indian Economy News & Discussion - Nov 27 2017
https://www.livemint.com/industry/manuf ... 57778.html
India leads in technology investment for manufacturing: Rockwell Automation Report
India leads in technology investment for manufacturing: Rockwell Automation Report
India has the highest number of manufacturing organizations investing in technology, according to the 8th annual “State of Smart Manufacturing Report" by Rockwell Automation. The study surveyed more than 1,350 manufacturers across 13 of the leading manufacturing countries including India, China, Germany, Japan, the US, and the UK.
The report found that digital transformation is being embraced to make manufacturing more productive and efficient, particularly in India. Manufacturers in India are investing 35% of their operating budgets towards technology investment, ahead of the global mean average (23%) and countries such as the US (27%) and Japan (24%).
“Moreover, companies are recognizing the skills mismatch and importance of reskilling and upskilling, along with automation to optimize manufacturing potential. The overall emphasis is on achieving leveraging Industry 4.0 to achieve global competitiveness, which aligns with the Indian government’s vision of Atmanirbhar Bharat and Make in India."
Re: Indian Economy News & Discussion - Nov 27 2017
A nube question to economics gurus.
It looks like the US Federal reserve is preparing to inject 2 trillion dollars in the US banking system.
What would be the effect of such a massive fund injection for the Indian economy.
It looks like the US Federal reserve is preparing to inject 2 trillion dollars in the US banking system.
What would be the effect of such a massive fund injection for the Indian economy.
Re: Indian Economy News & Discussion - Nov 27 2017
Tbf Rajan was also awarded the same in 2015 so I'm not sure how much I trust these random awards which like all other global awards (Pulitizer, Nobel, Boooker) etc are about ideology first and work secondchetak wrote:please send the rajans, the cowschitt basus, and the gopinaths several cases of burnol each
BTW, and also coincidentally, it appears that the governors of Fed, BOE, and, of course the RBI, are also history majors
Shaktikanta Das, Governor of the Reserve Bank of India (RBI), has been named the 'Governor of the Year' for 2023 by the international economic research journal Central Banking
https://www.newindianexpress.com/busine ... 56554.html
Re: Indian Economy News & Discussion - Nov 27 2017
Although I don't know squat about economics, I am convinced that Western bloc (especially massa) can do whatever it wants with its economy and outsource the consequences...US as usual chooses to print its way out of a crisis...apparently last week, US treasury printed $300 Billion out of thin air in prep for Banking bailouts...imagine what "collateral" emerging economies have to produce to print/borrow such kind of money.Pratyush wrote:A nube question to economics gurus.
It looks like the US Federal reserve is preparing to inject 2 trillion dollars in the US banking system.
What would be the effect of such a massive fund injection for the Indian economy.
Re: Indian Economy News & Discussion - Nov 27 2017
https://www.business-standard.com/artic ... 883_1.html
How new semiconductor fabrication chip will power India towards growth
India has also signed an MoU with the USA on establishing a semiconductor supply chain and innovation partnership
How new semiconductor fabrication chip will power India towards growth
India has also signed an MoU with the USA on establishing a semiconductor supply chain and innovation partnership
Electronics and Information Technology (IT) Minister Ashwini Vaishnav announced on Tuesday that the first semiconductor fabrication (fab) chip is slated for announcement in a few weeks, and India is poised for a thriving and expanding chip industry and manufacturing ecosystem in the following three to four years.
According to a report released by Deloitte, the Indian semiconductor business would generate $55 billion in revenue by 2026. A senior state government official had told the media on February 20, 2023, that the Vedanta-Foxconn JV had decided on the Dholera Special Investment Area near Gujarat as the site for their semiconductor and display production facility.