Bharat Rakshak

chetak wrote: It will simply blow you away.....

Treasury Leadership Forum 2023 Deepak Bagla

Apologies for re-posting the entire post, but:

Deepak Bagla resigns as managing director and CEO of Invest India

Bagla was at the helm of Invest India since 2015. Earlier, he had stints at World Bank, Citibank, and private equity firm 3i Group

Deepak Bagla, managing director and chief executive officer of Invest India, the government’s nodal investment promotion and facilitation body, has resigned from his post, commerce ministry sources confirmed.

Bagla has cited “personal reasons” for stepping down from the post. “He has been there for a long time. He wanted to leave on personal grounds,” said a commerce ministry official.

................

I hate stats in the form of percentages.

One of my Whatsapp sources claimed that this guy fudged numbers for that video.

Added l8r:

Deepak Bagla steps down as MD & CEO of Invest India

Deepak Bagla, Managing Director and CEO of Invest India, has stepped down after a Ministry of Commerce audit questioned the work accomplished by the investment promotion body, people aware of the matter told Moneycontrol.

Moneycontrol has learned that the audit had been going on for a year and Bagla came in for intense questioning. The people cited above also said the Commerce Ministry had reprimanded Bagla, stating that the audit had found no substantial work had happened on ground.

.............

India Contributed Almost 15% of
Global GDP in the Past Decade
Growth strongly outperforms Asia-Pacific region and Emerging Markets

https://www.worldeconomics.com/Thoughts ... -2010.aspx

good to see India talking the ONLY language which the whites understand


https://www.livemint.com/economy/india- ... 00441.html

India is considering imposing retaliatory tariffs on European Union exports in response to the bloc’s proposed carbon tax that could disrupt over $8 billion worth of Indian metal exports to the EU, two government officials aware of the development said.

Starting 1 October, iron, steel, and aluminium exports to European Union countries from across the world will face added scrutiny under the bloc’s Carbon Border Adjustment Mechanism (CBAM), or carbon tax. Suppliers will have to report greenhouse gas emissions ‘embedded’ in their consignments before taxes are levied from 1 January 2026.

Something to lighten the mood. Still think UPI makes it not particularly useful for transactions in India.
Bitcoin is a peaceful revolution

Seems Hindenburg short seller has tweeted that there is another report inbound soon

chetak wrote:good to see India talking the ONLY language which the whites understand


https://www.livemint.com/economy/india- ... 00441.html

India is considering imposing retaliatory tariffs on European Union exports in response to the bloc’s proposed carbon tax that could disrupt over $8 billion worth of Indian metal exports to the EU, two government officials aware of the development said.

Starting 1 October, iron, steel, and aluminium exports to European Union countries from across the world will face added scrutiny under the bloc’s Carbon Border Adjustment Mechanism (CBAM), or carbon tax. Suppliers will have to report greenhouse gas emissions ‘embedded’ in their consignments before taxes are levied from 1 January 2026.

The goras have got the message. They caved immediately


and these ball less wonders are now producing a lot of their electricity from coal fired power plants, after needlessly getting into a fruitless fight with Putin's Russia

India said it would impose retaliatory tax on EU firms. EU immediately capitulated, says it’s “ready to work with India on carbon tax”.

https://www.livemint.com/industry/energ ... 74958.html

The European Union is willing to collaborate with India in easing the administrative burden for businesses while enforcing its Carbon Border Adjustment Mechanism (CBAM), which seeks to impose tariffs on imports with a high carbon footprint entering the 27-member bloc.

The offer to resolve the issue comes after Mint reported that India is considering imposing retaliatory tariffs on EU imports in response to the carbon tax, which India said was “unjustifiable discrimination" towards developing nations

Tanaji wrote:Seems Hindenburg short seller has tweeted that there is another report inbound soon

that and pappu/kejri tamasha., the punjabi car chase, "farmers" landing in delhi all converging nicely into the election scene.. The western/Soros attempts at regime change is so damn glaring and evident

drnayar wrote:

Tanaji wrote:Seems Hindenburg short seller has tweeted that there is another report inbound soon

that and pappu/kejri tamasha., the punjabi car chase, "farmers" landing in delhi all converging nicely into the election scene.. The western/Soros attempts at regime change is so damn glaring and evident

...and these strenuous efforts will bring up 400 seats for Modi this time.

India Set To Post Current Account Surplus : Decoding The India Trade Picture....

Tanaji wrote:Seems Hindenburg short seller has tweeted that there is another report inbound soon

I think he is going after Block (formerly Square)

https://www.livemint.com/videos/india-a ... 77030.html

Prime Minister Modi unveiled India’s plans to design, develop, and deploy 6G network technology that will make cheap internet available across the length and breadth of the country by as soon as 2030. The Bharat 6G mission, which has been introduced in the vision document, the mission, aims to position India as a global leader in 6G innovation. India plans to develop standards for 6G technology in the first phase of a mission that will span two years starting in 2023, followed by the second phase involving building a 6G ecosystem over the following five years until 2030. The goal is to provide high-speed internet that is about, a 1,000 times faster than the 1 Gbps top speed of 5G.

https://www.moneycontrol.com/news/busin ... 00101.html
ONDC expands into Mobility space (Ola/Uber)

2030 inflection point for AI : US/China

Role of American oligarchs

https://archive.ph/WY9tA

Japan’s Daikin targets India as air-con and heat-pump manufacturing hub
World’s largest air-conditioner maker sees huge export potential and untapped domestic demand for cooling systems

https://youtu.be/_MaWquzOvRE

Worth a watch.... relatively short but to the point and makes some very good points IMVHO

Apologies if posted already

https://www.livemint.com/companies/news ... 70288.html

The talks for starting a second Pegatron facility on lease are ongoing and it will be located inside Mahindra World City near Chennai, just around where the company inaugurated the first plant in September 2022.

Pegatron's planned investment outlay for the expansion is not immediately clear. The first source, however, said the new factory will be smaller than the first one.

Apple Inc has bet big on the South Asian nation since it began iPhone assembly in the country in 2017 via Wistron and later Foxconn, in line with the Indian government's push for local manufacturing.

India is the second biggest smartphone market in the world, where Apple also plans to assemble iPad tablets and AirPods.

India's Karnataka state said this week it has approved a $968 million investment by Foxconn, leading to the creation of 50,000 jobs.

Last week, Reuters reported Foxconn has plans to build a $200 million factory in India to produce the wireless earphones for Apple after winning a contract. It already assembles some iPhone models at its plant located in Tamil Nadu.

https://economictimes.indiatimes.com/op ... s?from=mdr
How India is getting ready for a record high in services exports

If anyone has subscription, please post some details here

Here is the main summary:

In the post-pandemic phase, India's services exports aggregated $206.1 billion in 2020-21, growing to $254.5 billion in 2021-22. If, as expected, India does top $300 billion this fiscal year, then the country would have grown services exports by a record 50% in three years.

vijayk wrote: If anyone has subscription, please post some details here

vijayk wrote:https://economictimes.indiatimes.com/op ... s?from=mdr
How India is getting ready for a record high in services exports

If anyone has subscription, please post some details here

Full article: https://archive.is/GulrK

vijayk wrote:https://economictimes.indiatimes.com/op ... s?from=mdr
How India is getting ready for a record high in services exports
If anyone has subscription, please post some details here

This is due to the growth of India based engineering centers of just about any western tech and finance company. The outsourcing model is maxed out, insourcing is the way forward. And without sufficient scale in India you just aren't going to find enough talent. After all the best brains don't need a job, they need to see a career path ahead of them which only comes when there is a large investment in this form. I think this can easily grow to the trillion dollar range within a decade. This is relatively recession proof because getting engineering work done in India is a cost saving measure that will be particularly attractive during tough times.

It is now Indian government (GoI and state governments) to deliver on infra to improve living standards - traffic, air/water quality, garbage disposal, schooling and medical care being the the top concerns of this class of society, and just to be clear this helps every class of society. Beside the direct employment this sector provides there is a multiplier effect in the local economy due to all the professional and private support services needed.

At the same time we can't lose focus on manufacturing and growing the prowess of our own industry/MIC/institutions.

India also witnessed sharp growth in services exports. Sonal Varma, MD & Chief Economist-India & Asia Ex-Japan, Nomura Financial Advisory & Securities (India), Megha Chawla Partner, Bain & Company and Arindam Sen, Partner/Principal & GBS Leader, Markets & Business Development, EY, share their views.

Came across this press release (released in April 2021) from the Indian Embassy in Moscow regarding the PLI scheme

https://indianembassy-moscow.gov.in/pre ... Dcompliant.

While the tone of the release is generally positive, I was very surprised to see this sentence in the last paragraph:
<<Quote
After a string of botched implementations (demonetization, goods and services tax), the government has got a major scheme right.
Unquote>>

Who would have cleared this in an official Indian embassy press release?

James wrote:Came across this press release (released in April 2021) from the Indian Embassy in Moscow regarding the PLI scheme

https://indianembassy-moscow.gov.in/pre ... Dcompliant.

While the tone of the release is generally positive, I was very surprised to see this sentence in the last paragraph:
<<Quote
After a string of botched implementations (demonetization, goods and services tax), the government has got a major scheme right.
Unquote>>

Who would have cleared this in an official Indian embassy press release?

It is worth asking them on Twitter @IndEmbMoscow

Someone did a lazy cut paste. Please also tag EAM DrSJ on Twitter, his team will pick up and rectify.

https://youtu.be/MH7JaVs-D1o

INDIAS Manufacturing Moment. Make in India 1.0 is a success

We are plugging in to the global supply chain , words of Manohar Parikar comming true

Atmavik wrote:https://youtu.be/MH7JaVs-D1o

INDIAS Manufacturing Moment. Make in India 1.0 is a success

We are plugging in to the global supply chain , words of Manohar Parikar comming true

Atamvik, thank you for posting this. I found it very inspiring. As a retired engineer, I have been saying for ages that India's day will come. Finally she has a government that knows how to encourage growth.

Bit soon to celebrate as India's moment in global supply chain reset. Is $1billion sourcing from the likes of Boeing supposed to be great? Apple sourcing is a 100th of China.

We should be celebrating domestic manufacturing for domestic consumption though. That's a big win in railways/metros, mobiles, vaccines. PLI schemes will show results soon too.

https://archive.ph/aMrxG
Bit-by-Bit, Indian Semiconductor firms build talent pool

Semiconductor companies in India are increasing the focus on building up talent, even as the India Semiconductor Mission picks up pace in the country.

As India positions itself as the next semiconductor manufacturing hub for the world, companies are accelerating their focus on not just building up talent in the industry, but also hiring for key profiles. Firms like AMD, Analog Devices, Texas Instruments and Samsung Semiconductor India Research are rolling out mentorship and collaboration opportunities, upskilling programmes and partnerships with universities.

HR heads across semiconductor companies say the industry needs talent with skills including but not limited to EDA, ASIC, chip design, Verilog embedded software, etc. Domain-specific skills like cybersecurity, IoT, quantum computing, cloud computing and data management, 5G and wireless technologies are also crucial.

The need of the hour is engineers with expertise not just in foundational VLSI (very-large-scale integration) but also new-age technologies like machine learning, AI and data analytics, and all these niche skill sets are in short supply, said Fathima Farouk, HR head at AMD India.

JTull wrote:Bit soon to celebrate as India's moment in global supply chain reset. Is $1billion sourcing from the likes of Boeing supposed to be great? Apple sourcing is a 100th of China.

We should be celebrating domestic manufacturing for domestic consumption though. That's a big win in railways/metros, mobiles, vaccines. PLI schemes will show results soon too.

It’s a start , the hope is that this will keep growing. The massive investment in rail, ports and roads should improve logistics. Now it all depends on the epic battle of 2024 if we get 5 more years the tide will turn

Atmavik wrote:

JTull wrote:Bit soon to celebrate as India's moment in global supply chain reset. Is $1billion sourcing from the likes of Boeing supposed to be great? Apple sourcing is a 100th of China.

We should be celebrating domestic manufacturing for domestic consumption though. That's a big win in railways/metros, mobiles, vaccines. PLI schemes will show results soon too.

It’s a start , the hope is that this will keep growing. The massive investment in rail, ports and roads should improve logistics. Now it all depends on the epic battle of 2024 if we get 5 more years the tide will turn

Atamvik has more or less said what I meant. For the first time since independence India is building world class infrastructure, ports, railways and roads. Foreign investment will follow.

I have spent my entire working life in the west. During that time I have interacted with many Indian origin technologists some of whom were foreign born like me but most were from India. They all had to move abroad to progress their careers (electronics hardware). Now they have an option to stay.

Govt should create more research oriented institutions like IISCs. That’s the only way to retain talent in India. No more IITs.

GST collections increase 13% to Rs 1.6 lakh crore in March; second highest ever.

Goods and services tax collections rose 12.7% to Rs 1,60,122 crore in March, the second-highest monthly mop up, with the integrated GST kitty swelling to a new high. Collection of integrated GST or IGST, levied on inter-state sales and imports, was pegged at Rs 82,907 crore in March, higher than the previous record of Rs 81,939 crore in April 2022.

The March collections, for transactions in February, point to strong domestic demand despite revenue from imports seeing a slower rise. "During the month, revenues from import of goods was 8% higher and the revenues from domestic transaction (including import of services) are 14% higher than the revenues from these sources during the same month last year," the finance ministry said. In fact, the cess on imported luxury and sin goods fell 2%.

Collections for the full fiscal year are estimated at nearly Rs 18.1 lakh crore, an increase of 22% over 2021-22, resulting in a monthly average of over Rs 1.5 lakh crore. The government is hoping to increase it to over Rs 1.6 lakh crore a month during the current financial year. Among the states and UTs, Mizoram saw the highest growth of 91%, while Ladakh was the only one to see a fall.

The finance ministry also said that returns filed in March were the highest ever.

"Monthly GST collection for the month of March being the second highest of all time, coupled with 22% higher GST collections for FY 22-23 over last year point towards the growing trajectory of the Indian economy. Another cheer point is the highest ever compliance rate with 91.4% of returns being filed in the month of March, indicating success of revenue authorities and businesses in ensuring tax compliance and preventing tax evasion,"
said Abhishek Jain, partner for indirect tax at consulting firm KPMG in India.

vimal wrote:Govt should create more research oriented institutions like IISCs. That’s the only way to retain talent in India. No more IITs.

What is it about iisc that help them retain talent ? And what is it about iits that converts really smart people x salary chasers w/o and lose passion and talent ?

vimal wrote:Govt should create more research oriented institutions like IISCs. That’s the only way to retain talent in India. No more IITs.

As long as we have civil services running the show in all major sectors, they will not tolerate domain experts to become to powerful to threaten their existence. This is the bottom line. You can create all the research bodies in the world but the opportunities will always be always be limited and output minimal.

vimal wrote:Govt should create more research oriented institutions like IISCs. That’s the only way to retain talent in India. No more IITs.

There are IISERs already in same model....

gakakkad wrote:

vimal wrote:Govt should create more research oriented institutions like IISCs. That’s the only way to retain talent in India. No more IITs.

What is it about iisc that help them retain talent ? And what is it about iits that converts really smart people x salary chasers w/o and lose passion and talent ?

IITs don’t have deep research culture, they were built for churning out engineers which was needed at that time. With IITs in every corner of the the country it’s enough of engineering colleges. IITs lack of research means most graduates leave for foreign shores to do more research oriented masters and doctorates. I’m also deeply concerned by the proliferation of social sciences and management streams at technology institutions. Eventually these too will be hijacked by the JNU jholachhaaps.

vimal wrote:

gakakkad wrote:
What is it about iisc that help them retain talent ? And what is it about iits that converts really smart people x salary chasers w/o and lose passion and talent ?

IITs don’t have deep research culture, they were built for churning out engineers which was needed at that time. With IITs in every corner of the the country it’s enough of engineering colleges. IITs lack of research means most graduates leave for foreign shores to do more research oriented masters and doctorates. I’m also deeply concerned by the proliferation of social sciences and management streams at technology institutions. Eventually these too will be hijacked by the JNU jholachhaaps.

There are 10000 Ph.D. seats available at IITs. But they get a 35-45k Stipend while someone who has IIT master's degree can make a lot more money outside. Also, we cannot keep on churning central institutions while education is a state subject. If you want research institutions to thrive then we need a lot more funding and more private-sector participation.

vimal wrote:IITs don’t have deep research culture.....

Please do some "research" in advance yourself before posting these thoughts. Most of the above comments make no sense.

IITs have been completely transformed from their 1980s/1990s reputation as mainly an exporter of high-quality talent to the western world (mainly to the USA). Even at that time they did quite a bit of research, it is a different matter that academic research in India overall was much smaller in size than it is today.

Here is the GoI's own ranking of research institutions in India:

https://www.nirfindia.org/2022/ResearchRanking.html

The metrics for the rankings are very comprehensive:

https://www.nirfindia.org/nirfpdfcdn/20 ... search.pdf

Overall, the Ministry of Education led by Dharmendra Pradhan is doing a very thorough job in tracking progress of our higher education institutions: https://www.nirfindia.org/2022/Ranking.html

The original 5 IITs have very robust research (especially in engineering and related areas) and occupy most of the top ranks in terms of research funding and output. They win loads of competitive government funding and have strong links to the private sector (partly because many IIT alumni are leaders in the private sector). The IITs established later (both greenfield ones as well as rebranded institutions like Roorkee) are also coming up rapidly in research.

Sure, there is one IISc and one TIFR, both of which are are excellent in certain basic sciences. Many more are needed.

The research landscape in India needs (and is being given by Modi sarkar) an all-round boost in capabilities, not a bone-headed approach of stalling institutions that have overall excellent education and research models like the IITs.

IITs have strong momentum in engineering and applied sciences research, and they should further bring up their basic science research as well.

The undergraduate education component of IITs is also very important - it provides the top level talent pool in engineering and related disciplines. Much of that pool now stays in India and not going to other countries. Research and teaching go together, as the example of most of the world's great universities have shown.

Top "basic science research" Institutions like IISc, TIFR and others should really boost their undergraduate programs in basic sciences, while continuing to expand their research. The idea that "teaching undergraduates will disrupt research" is not supported by centuries of evidence to the contrary. If you do not produce high quality Bachelor's level students in basic sciences (and instead mostly going into engineering), you will not have high quality basic science researchers either.

Even in STEM-focused institutions, management and social sciences are important to create a more well-rounded perspective.

Finally, the many large full-spectrum universities of India should also be boosted on all fronts.

^^ KL Dubey ji did not provide any hard metric for the quality of education and research at IITs apart from the usual sarkari rankings and praising Modi ji's effort. I'm sure Modi ji is taking IITs in the right direction but I'm sad to say IITs don't rank in top 150 education institution globally in QS ranking. Tiny Singapore has one in top twenty and Hong Kong also has a couple in top hundred. As someone who used to do campus recruitments, I still remember the nonchalant attitude of IIT Madras students in our job interviews cause all of them had MS admissions lined up in the US. This was a decade ago and I hope things are better now but looking at the line of opt students outside the US consulate I’m not sure.