Bharat Rakshak

vijayk wrote:

kit wrote:[youtube]V7TcEnSOR3s

Why can't we scale up or make this work in all places?

Initiative awareness and entrepreneurship!!
It would be useful if local governing bodies step in with incentives, just privatise garbage collection !..

kit wrote:

vijayk wrote:
Why can't we scale up or make this work in all places?

Initiative awareness and entrepreneurship!!
It would be useful if local governing bodies step in with incentives, just privatise garbage collection !..

We need a massive waste management company to invest and make this huge ...

https://swarajyamag.com/world/biden-jin ... -recession
Biden-Jinping: A Tale Of Two Regimes And Recession

Meanwhile, Jinping’s hushed dictatorship is about the Chinese civilisation and its rightful supremacy in the modern world after a century of humiliation, even at the cost of human rights. Thus, every move of the state, from crackdowns to lockdowns, only adds to the pursuit of the larger ambition.

Today, however, the two most powerful men on Earth (order of power best left to debate) are proudly crashing their economies in the garb of hurting an antagonist from the Cold War era and defeating a virus into submissiveness through Covid-zero lockdowns.

This has aggravated the pressure on the global supply chains, has ushered in inflation, a phenomenon quite alien in the West, and could well be the tipping point that descends Taiwan, responsible for over 50 per cent of the global share of semiconductors, into the equivalent of a Korean crisis of our times.

China: The Emperor’s New Clothes

In China, an old literary folktale written by Hans Christian Andersen is playing out. The Emperor’s New Clothes is often read to children in kindergarten to instil an important virtue, speaking the truth even in the most difficult of times. However, today, in China, before the emperor (read Xi Jinping), no one in the Chinese Communist Party or the republic has the valour to point out the path of social and economic decimation the country has undertaken.

Unlike Biden, Jinping’s accountability doesn’t have to pass the test of the electorate, but the signs of chaos are as visible in Beijing as they are in Washington DC.

Against the goal of 5.5 per cent gross domestic product (GDP) growth, the Chinese economy only grew at 2.5 per cent in the first half of 2022, thus affirming that the economic objectives for the year would not be met. Covid-zero lockdowns have hammered the economy and disrupted supply chains.

For instance, in Shanghai Port, the number of containers processed in April 2022 was the third-lowest since January 2019, at around 3.1 million. In January 2022, before the lockdowns kicked in, the port processed 4.4 million containers, the highest in over three years. April 2022 has been the worst month for the Shanghai port since February 2020, when it processed merely 2.3 million containers.

India's manufacturing activity expands at quickest pace in 8 months.

India’s manufacturing activity in July expanded at the quickest pace in eight months on the back of new business orders and output, said a survey by S&P Global on Thursday.

S&P Global India Manufacturing Purchasing Managers' Index (PMI) jumped to 56.4 in July from 53.9 in June. A reading above 50 indicates expansion while a print below that denotes contraction.

The growth was a result of strong demand and pick-up in sales, the survey said. “Output expanded at the fastest pace since last November, a trend that was matched by the more forward-looking indicator new orders,” said Pollyanna De Lima, economics associate director at S&P Global Market Intelligence.

New orders rose in July, recovering from the growth momentum lost in June, the survey said. International markets contributed to the upturn in total order books, as new export orders rose at a moderate pace, it said.

Goods' producers registered a softer increase in their expenses during July, the survey said. Even as the cost for raw materials continued to rise, the rate of inflation slipped to an 11-month low, the survey said. Similar to input costs, the rate of increase in output prices in July was the slowest in four months, it said.

"Purchasing activity growth ticked higher in July and firms were successful in their efforts to obtain inputs amid a second consecutive improvement in supplier performance.

This in turn supported a near-record increase in inventories of raw materials and semi-finished goods as well as a softer upturn in input costs,” said De Lima.

Meanwhile, India's retail inflation in June had marginally eased to 7.01%, but stayed well above the Reserve Bank of India's tolerance limit for the sixth consecutive month. To contain inflation, the RBI has already hiked its key interest rate by a cumulative 90 basis points since early May, and is expected to raise it again later this week.

The survey also pointed that companies stepped up input purchasing and reported solid manufacturing activity, however job creation remained subdued. The increase in employment was marginal and broadly similar to that seen in the five-month sequence of growth. About 98 per cent of firms kept workforce numbers unchanged amid a lack of pressure on operating capacity, the survey said.

Future uncertainty constrained hiring activity as overall business sentiment remained muted. About 96 per cent of manufacturers forecast no change in output from present levels over the course of the coming 12 months, the survey said.

GST collection jumps 28% YoY in July to second highest ever at Rs 1.49 trn.

Goods and services tax (GST) collection remained above Rs 1.4 trillion for the fifth month in a row, increasing 28 per cent year-on-year (YoY) to nearly Rs 1.49 trillion in July. This was the second-highest mop-up since the rollout of the regime.

The uptick is mainly on account of improved economic activities, compliance measures and inflation. The highest-ever mop-up was recorded in April this year (Rs 1.68 trillion).

“GST revenue has grown 35 per cent YoY till July, displaying very high buoyancy,” the finance ministry said while releasing the data on Monday.

The finance ministry also said that this was an impact of various measures taken by the GST Council to ensure better compliance.

“Better reporting, coupled with economic recovery, has had a positive impact on the revenues on a consistent basis,” the ministry said.

GST collection stood at Rs 1.16 trillion in the corresponding period of the previous fiscal year, according to the government data.

Of the mop-up in July, Central GST (CGST) stood at Rs 25,751 crore, state GST (SGST) Rs 32,807 crore, integrated GST (IGST) Rs 79,518 crore (including Rs 41,420 crore collected on import of goods), and cess mop-up Rs 10,920 crore (including Rs 995 crore from import of goods).

The data further showed that the number of e-way bill generated in June was 74.5 million, higher than the 73.6 million in May. In July, revenue from import of goods and domestic transactions (including import of services) stood at 48 per cent and 22 per cent higher than the same month last year.

Experts say that rising inflation has contributed to the momentum in the revenue collection which could provide a cushion to the states as the guaranteed compensation period ended in June.



“The GST collection reported a healthy trend, rising for the second month in a row, and is a function of the economic recovery, better compliance as well as elevated inflation. With the headline GST collection in July exceeding our monthly average forecast of Rs 1.45 trillion for this year, we foresee an upside of Rs 1.15 trillion, relative to the FY2023 BE for CGST collections,” said Aditi Nayar, chief economist, ICRA.

Notably, over the last three months, inflation has remained above 7 per cent, though it declined from 7.79 per cent in April to 7.04 per cent in May and 7.01 per cent in June.

“The new normal of Rs 1.4 trillion, accompanied by the fact that all major states have shown a growth in excess of 15 per cent over the past year, indicates that economic activities have stabilised and the leakages have been plugged. The uptick in collection would provide some comfort to states which have just come out of the guaranteed compensation period and are concerned about their revenue mobilisation abilities,” said MS Mani, partner, Deloitte India

In July, the government has settled Rs 32,365 crore to CGST and Rs 26,774 crore to SGST from IGST, the ministry said. The total revenue of the Centre and states in July, after regular settlement, is Rs 58,116 crore for CGST and Rs 59,581 crore for the SGST.

State-wise collection
All major states have reported growth above 15 per cent during the period. In absolute terms, Maharashtra collected the highest GST (Rs 22,129 crore), followed by Karnataka (Rs 9,795 crore), Gujarat (Rs 9,183 crore), Tamil Nadu (Rs 8,449 crore), Uttar Pradesh (Rs 7,074 crore), Haryana (Rs 6,791 crore), Telangana (Rs 4,547 crore), West Bengal (Rs 4,441 crore), Delhi (Rs 4,327 crore) and Rajasthan (Rs 3,671 crore), according to the data. However, the collection figures do not include GST on the import of goods.

In terms of growth, Lakshdweep witnessed the highest jump in GST collection (69 per cent) compared to July 2021. It was followed by Puduchery and Ladakh (54 per cent each), Nagaland (48 per cent), Karnataka (45 per cent) and Goa (43 per cent).

However, two states posted negative growth. Bihar reported a decline of 1 per cent, compared to July 2021, while Tripura saw a 3 per cent fall.

UPI records 6 billion transactions in July, highest ever since 2016.

Unified Payments Interface (UPI) clocked over 6 billion transactions in July: the highest ever by India’s flagship digital payments platform since its inception in 2016.

UPI reported 6.28 billion transactions amounting to Rs 10.62 trillion, according to data released by the National Payments Corporation of India (NPCI), which operates the platform. Month-on-month, the volume of transactions was up 7.16 per cent and value increased 4.76 per cent. Year-on-year (YoY), the volume of transactions nearly doubled while value of transactions was up 75 per cent.

UPI crossed 1 billion transactions for the first time in October 2019, almost three years after its launch. The next billion came in under a year, as in October 2020, UPI processed more than 2 billion transactions. In the next ten months, UPI processed 3 billion transactions. It took only three months for the payment platform to reach 4 billion transactions per month, from 3 billion. And, the incremental one billion transactions were achieved in just six months’ time. The next incremental one billion was achieved within six months.



The Covid-19 pandemic has fueled the acceleration of adoption of digital payments in the country in the last two years. Apart from a few hiccups during the first two waves of the pandemic, UPI transactions are increasing as the broader economy recovers.

In FY22, UPI processed more than 46 billion transactions amounting to over Rs 84.17 trillion, thus breaching the $1 trillion mark. And, in FY21, it had processed 22.28 billion transactions, amounting to Rs 41.03 trillion. So, both volume and value of transactions doubled in a year’s time, indicating the meteoric rise seen in the adoption of digital payments, especially UPI, in the country.

Reflecting the rapid adoption of digital payments in the country, the Reserve Bank of India’s (RBI) digital payments index (DPI) rose to 349.30 as of March 2022, as against 304.06 in September 2021. Launched in January 2021, the DPI index indicates the extent of digitisation of payments across the country. In March 2019 the index stood at 153.47 and by September 2019, it rose to 173.49, followed by 207.94 in March 2020, 217.74 in September 2020, and 270.59 in March 2021.

UPI’s target is to process a billion transactions a day in the next five years. The RBI’s decision to allow linking of Rupay credit cards to UPI is expected to provide a huge boost to the volume as well as value of transactions in the coming months.

“We are looking at how we can expand the market. The objective is how we can go back to the 250 million users and how the bank can start doing smaller credits. Also, we are looking at how the 50 million merchants can start accepting credit. We may have to take care of the smaller merchants and protect them from the MDR (merchant discount rate). The existing credit card servicing merchants can continue to pay,” said Dilip Asbe, the chief executive officer or NPCI, at an event on Rupay credit card and UPI linkage.

Lately, I have been noticing significant degradation in the digital payment services (PhonePe/GPay) running on UPI. I think the issue is with the banks' infrastructure, HDFC in particular. Sometime ago, ICICI had issues. It's a shame that a bank as big as HDFC can't get its act together.

For a platform whose transaction and volume figures have doubled each year for the past 3 years and are on track to cross $2 trillion annualized rate by year end, UPI works extremely well. It would be nice to have a uniform quality of service across banks, but we have to realize this is also by a long distance the biggest RT payment platform in the world.

SurajSan,

I am trying to understand one thing but can't make the sense of it. If the annualized UPI Transections are $2 T, how come total GDP is only at $3 T. What Gives?? Please help this Abdul Understand this.

Mukhi wrote:SurajSan,
I am trying to understand one thing but can't make the sense of it. If the annualized UPI Transections are $2 T, how come total GDP is only at $3 T. What Gives?? Please help this Abdul Understand this.

You give me 100 rupees, I give you 100 rupees, and we do this every second of the day for the whole year. Transaction volume will be roughly 80M$. Will that add to the GDP? Of course not.

Many transfers are within family members, or salary received and then spent, or money moved between accounts. Money circulation is usually much higher than GDP, not surprising.

Thanks. I did not even thing of this aspect at all. I assumed all UPI transections are sales receipts / payments.

Production is more closely related to value addition than churn.

Velocity of money is a measure of efficiency. It's usually measured as a ratio of GDP to money supply. More often you churn/turnover money supply, the better it is.

A digital payment system reduces friction so increases velocity. We're, of course, assuming that number of transactions are increasing rather than just moving from physical to digital domain.

Governance and compliance benefits are in addition to above.

Cyrano wrote:

kit wrote:video

Fantastic work across India.

In my last trip to Bharat, mostly in and around Hyd city in May-June, I could see that Swacch Bharat is mostly forgotten, streets, public places and water bodies were as full of litter as ever, actually a lot more litter now since increasing prosperity automatically leads people to generate more waste.

People's littering behaviour has not changed one bit, irrespective of social class

My heart sinks and immense sadness engulfs me every time I see the squalor, the filth that almost no one around me finds unacceptable.

This has to change. We can't claim to be a self respecting nation or a civilisation unless we really change this. Everywhere, irrespective of social class.

I was looking at the video posted by "Kit" other videos were displayed by Y/Tube re garbage collection/recycling. Collecting the garbage is one thing, but what is done with it afterwards is another matter.
My view the only way this can be dealt with is by setting up Industrial scale Plasma Incinerators

https://www.plasticstoday.com/packaging ... -all-waste

Not only will it deal with the waste, it will provide employment.
It can only be dealt with on a huge industrial level. Collection, automatic sorting into recyling streams, and what cannot be recycled or composted has to be incinerated.
Sure it will be expensive, but what is the option?
The country will drown under rubbish.

https://swarajyamag.com/economics/india ... 24-billion
India’s Merchandise Trade Deficit Shoots Up To $31.02 Billion In July; Exports Static At $35.24 Billion

A double whammy of high global commodity prices and consequent pressure on the Rupee's exchange rate led India’s merchandise trade deficit to shoot up to an uncomfortably new high of $31.02 billion in July 2022, as merchandise imports at $66.26 billion outpaced exports of $35.24 billion.

The merchandise import in July 2022 was 43.59 per cent higher than $46.15 billion of imports in July 2021.

India’s merchandise export in July 2022 also remained flat, at almost similar levels of $35.51 billion in July 2021, as per provisional data released by the Commerce Ministr

India’s merchandise exports in the first four months of the fiscal (April-July) 2022-23 at $156.41 billion, while registering a year-on-year increase of 19.35 per cent over $131.06 billion in the same period of FY 2021-22, was surpassed by merchandise imports.

..

In April-July FY23, import was $256.43 billion with an increase of 48.12 per cent over $173.12 billion in April-July 2021-22. The trade deficit during April- July of the financial year 2022-23 was $100.01 billion.

“The $20 billion YoY increase in imports was led by petroleum products and coal, negating the relief offered by a decline in gold imports

Why India could single-handedly shape the future of e-commerce this summer
https://fortune.com/2022/08/02/why-indi ... -salkever/

This month, retail giants and government regulators around the world will be watching closely as India rolls out the Open Network for Digital Commerce (ONDC) in 100 major cities.

ONDC is a government-backed initiative that was conceived by non-profit think tanks. The project, championed by Indian billionaire and Infosys founder Nandan Nilekani, aims to create a level playing field in online commerce by putting tens of millions of kiranas (Indian family businesses) on an even footing with online giants such as Amazon, Google, and India’s Flipkart(a Walmart subsidiary). According to Reuters, Amazon and Flipkart currently control more than 60% of the Indian e-commerce market.

ONDC caps referral commissions for platforms that send shoppers to a seller at three percent–a far cry from the roughly 30% cut that third-party sellers lose on the existing major e-commerce platforms.

Shoppers will find themselves in an unprecedented situation: Amazon will be bidding for business on the Flipkart application and vice versa. Searches on Amazon.com may result in eBay listings, illustrating how fluid ONDC may make online commerce.

“We have a chance to start over and remake the digital world to be more fair and transparent for all participants. With ONDC, we hope not only to create a level playing field for India and all the businesses operating there but also provide a glimpse for the whole world of how open commerce can drive positive non-zero-sum outcomes for business and society,” Nilekani said in an email exchange.

If any one is interested in exploring source code is here

https://github.com/Open-network-for-digital-commerce

Mukhi wrote:SurajSan,

I am trying to understand one thing but can't make the sense of it. If the annualized UPI Transections are $2 T, how come total GDP is only at $3 T. What Gives?? Please help this Abdul Understand this.

As others have explained by example, GDP can be measured in multiple ways one of them being the gross value add (GVA) proxy approach which offers a good mental picture of this. By adding up the gross transaction value does not give you the net value add generated. Each intermediate person has their own cost of business that negates from their gross receipts, and this story goes on for every intermediate. Aggregate economic output is the combined value add across everyone's activity if you work this through. There's the rich guest paradox of how transactions can yield zero value add while eliminating debt too.

https://twitter.com/nbalajiv/status/1555544800056598533

We also export some of the crude oil after refining it. It would be good to see that number too.

fanne wrote:We also export some of the crude oil after refining it. It would be good to see that number too.

Whom to we export to ? BD or Lanka ?

Two good documentaries on central banks.

The thriving British might wanted to exit the EU because they would come under the European Central Bank and close their Cayman Islands tax havens.



The Japanese central bank shenanigans

Atmavik wrote:

fanne wrote:We also export some of the crude oil after refining it. It would be good to see that number too.

Whom to we export to ? BD or Lanka ?

I think we export everywhere, but majorly to EU.

In 2020, India exported $25.3B in Refined Petroleum. The main destinations of India exports on Refined Petroleum were Singapore ($3.12B), United Arab Emirates ($2.9B), United States ($1.63B), Netherlands ($1.44B), and Malaysia ($1.27B).

We dont like rNdtv but generally I find these programmes useful with Ruchir Sharma.
India's Economic Progress @75

His bottomline -
1. we need more women participation in workforce from 21% to around 45%
2. on target to be 3rd largest economy by 2032, surpass UK in 2023, assuming baseline 5% p.a. growth
3. Stock markets expected to grow slower at 8% p.a.
4. Hardly any countries will grow at 7% due to debt loaded and demographic decline across the board.
5. Claims we are back where we started in 50s in terms of income but moving upwards but our global share of per capita income obviously is in bottom 25%
Links below -
https://youtu.be/Tla9BshcGJU
https://bit.ly/3QjFng0

As fm Jaishainker would say, depending on how you count we have already crossed UK in vdp

fanne wrote:As fm Jaishainker would say, depending on how you count we have already crossed UK in vdp

Absolutely, if we just count all the cash in politicians apartments that’s easily done !! I hope if we have done so we get out of that Britshits commonwealth and create our own!

Atmavik wrote:

fanne wrote:We also export some of the crude oil after refining it. It would be good to see that number too.

Whom to we export to ? BD or Lanka ?

europe

India to be the fastest-growing Asian economy in FY23: Morgan Stanley

India is likely to be the fastest-growing Asian economy in the Asian region in 2022-23, according to analysts at Morgan Stanley, who expect the expect India’s gross domestic product (GDP) growth to average 7 per cent during this period – the strongest among the largest economies – and contributing 28 per cent and 22 per cent to Asian and global growth, respectively. The Indian economy, they said, is set for its best run in over a decade, as pent-up demand is being unleashed.

Thanks vijayk for the article by Monika Halan.
Most apt is the description of EPFO as an organisation that is opaque and scores low on metrics of transparency.
It is a ticking time bomb since it is sitting on a large pool of money, is not a bank and not under RBI.
Never understood why just for an account (8.5 % interest) it exists as an seperate organisation, unlike PPF (interest 7.1 %) which is also an account but exists only as a lines of code in server and physically serviced by regular banking employees who also do other banking work.

India's exports rise by 2.14% in July to $36.27 Billion.

India's exports rose by 2.14% to $36.27 billion in July while the trade deficit almost tripled to $30 billion during the month, according to official data released on Friday.

Imports shot up by 43.61% to $66.27 billion in the month compared to July 2021, the data showed.

India's overall export (merchandise and services) recorded a positive growth of 11.51% in July this year. According to the Ministry of Commerce, the exports are estimated to be $61.18 billion. Whereas the imports are estimated to be $82.22 billion-a growth of 42.90%.

The Merchandise export stood at $36.27 billion this July, compared to $35.51 billion in July 2021. The merchandise export witnessed a growth of 2.14%.

On the other hand, the merchandise import saw an increase of 43.61% in July. The merchandise import in July 2022 was at $66.27, and last year it was at $46.15 billion.

According to government data, the export of non-petroleum and non-gems & jewellery was $26.62 billion, registering a positive growth of 1.55%over non-petroleum and non-gems & jewellery exports of $26.21 billion in July 2021.

The estimated value of services export for July 2022 was $24.91 billion compared to $19.36 billion last year in July. The services export saw a positive growth of 28.69%.India

Corporate tax collection up 34 pc in April-July.

Tax collected on income of companies surged by 34 per cent in the first four months of the current fiscal that began in April, indicating that a simplified tax regime with low rates is yielding results, the Income Tax Department said. The tax department tweeted on corporate tax collection growth in April-July in an apparent attempt to counter criticism of the 2019 reduction in tax rates for companies which was alleged to have dented the Centre's revenue collections,impacting its spending on social welfare schemes.

The tax department said corporate tax collections at Rs 7.23 lakh crore in fiscal 2021-22 (April 2021 to March 2022) were 58 per cent higher than the mop-up in the previous financial year.

"The corporate tax collections during FY 2022-23 (till 31st July, 2022) register a robust growth of 34 per cent over the corporate tax collections in the corresponding period of FY 2021-22," it said without giving an absolute number for the collection.

Tax collections are one of the indicators of economic activity as higher income of companies suggest demand growth and wealth creation.

The department said the corporate tax collection in 2021-22 were higher by over 9 per cent when compared to collections of pre-COVID 2018-19 fiscal.

"The positive trend of growth continues (in current fiscal), but for the overall impact of the COVID-19 pandemic during FY 2020-21, when the corporate tax collections took a temporary hit," it said. "This indicates that the simplified tax regime with low rates and no exemptions has lived up to its promise."

In September 2019, the government had given companies the option to switch to a lower basic rate of 22 per cent from 30 per cent while foregoing all exemptions.

This led to a 16 per cent decline in corporate tax collections in 2019-20 to Rs 5.57 lakh crore. But the decline was about Rs 1 lakh crore and not Rs 1.45 lakh crore, as was feared at the time. Tax collections in 2020-21 were hit due to the pandemic.

^^ can they do this for individual taxes too ?

Remember Dividends from Corporates are taxed again, so effectively it was near 50% tax on corporates in addition to huge restrictions under Companies Act 2013 from using those funds.

The change in dividend taxation has moved a lot tax from corporate to individuals.

Ace investor Rakesh Jhunjhunwala no more. He passed away in Mumbai, due to kidney/health issues; he was only 62

Sad!!! Om Shanti to his soul. A very shrewd investor

https://economictimes.indiatimes.com/op ... 443236.cms

The key correction in the IMF data was for the average rupee/dollar exchange rate for FY2021-22. The corrected exchange rate for 2021 is ₹74.40/$1 (as opposed to the previously reported ₹77.70/$1), almost the same as the 2020 exchange rate of ₹74.20/$1. This correction means that there was a 19% increase in dollar GDP in 2021, the fourth-highest in Indian history, though still some distance away from the 30% increase in 2007.

This correction hastens the path to a $5 trillion economy in 2025. In 2019, when India recorded one of the lowest GDP growth rates in post-1991 reform India - 3.7% - Narendra Modi hoped and expected that India would be $5 trillion economy in 2025, a near doubling from the 2019 $2.8 trillion economy. Not many gave this optimism much chance. Yet, post-Covid and the Russia-Ukraine conflict, the IMF-WEO forecast of India's GDP in 2025 is expected to be $4.7 trillion, or only 6% away from the target. And, despite the intervening pandemic, the IMF forecast of India GDP is $5.1 trillion in 2026.

a tryst with its destiny

kit wrote:https://economictimes.indiatimes.com/op ... 443236.cms

The key correction in the IMF data was for the average rupee/dollar exchange rate for FY2021-22. The corrected exchange rate for 2021 is ₹74.40/$1 (as opposed to the previously reported ₹77.70/$1), almost the same as the 2020 exchange rate of ₹74.20/$1. This correction means that there was a 19% increase in dollar GDP in 2021, the fourth-highest in Indian history, though still some distance away from the 30% increase in 2007.

This correction hastens the path to a $5 trillion economy in 2025. In 2019, when India recorded one of the lowest GDP growth rates in post-1991 reform India - 3.7% - Narendra Modi hoped and expected that India would be $5 trillion economy in 2025, a near doubling from the 2019 $2.8 trillion economy. Not many gave this optimism much chance. Yet, post-Covid and the Russia-Ukraine conflict, the IMF-WEO forecast of India's GDP in 2025 is expected to be $4.7 trillion, or only 6% away from the target. And, despite the intervening pandemic, the IMF forecast of India GDP is $5.1 trillion in 2026.

a tryst with its destiny

Sir, can you please post the entire text? I tried using web archives, but it still stopped at the paywall.

VishnuS wrote:.

https://archive.ph/mHI2S
use archive.is for bypassing paywalls and saving articles that you have an inkling might be removed later... or just as a middle finger to the wider lugenpresse.

ACQUIRING LAND IN THE NAME OF "CHIP MANUFACTURING"

Why Chinas 7 nm tech is suspect

lessons for India as well !!