Logic says if people are given free 5 KG food grains, they get money to spend on their important essentials.
Any ways as per these people Pakistanis are less Hungry anyways and BD Per capita income is 3x that of Indians. i.e vapor ware statistics
Logic says if people are given free 5 KG food grains, they get money to spend on their important essentials.
I saw the same thing. However the quality of air has worsened a lot. It caused me a lot of issues with my breathing and allergies. I was coughing nonstop the whole time I was there.Cyrano wrote: ↑01 Mar 2024 12:44 Travelled extensively across North India and in TS & AP through big/smaller cities and pilgrimage sites this month.
Marked reduction, almost total absence of begging on streets in most places visited.
Even the poorest were trying to make a living, something is working damn right well now.
This alone made my heart fill with joy and made the trip worthwhile.
Real economic activity and growth of Bharat is IMHO significantly underreported.
Total opposite of Chinese data coming out of Emperor 11's Musharraf.
Which months did you both travel? Pareli pollution is a problem for 2-3 months which started 8-9 years ago. Fog during winter months has been there for as long as I can remember.hgupta wrote: ↑02 Mar 2024 06:39I saw the same thing. However the quality of air has worsened a lot. It caused me a lot of issues with my breathing and allergies. I was coughing nonstop the whole time I was there.Cyrano wrote: ↑01 Mar 2024 12:44 Travelled extensively across North India and in TS & AP through big/smaller cities and pilgrimage sites this month.
Marked reduction, almost total absence of begging on streets in most places visited.
Even the poorest were trying to make a living, something is working damn right well now.
This alone made my heart fill with joy and made the trip worthwhile.
Real economic activity and growth of Bharat is IMHO significantly underreported.
Total opposite of Chinese data coming out of Emperor 11's Musharraf.
From there:vsunder wrote: ↑04 Mar 2024 02:51 ^^^ Extreme poverty has been eliminated in India. Report by the Brookings Institution:
https://www.brookings.edu/articles/indi ... e-poverty/
This is truly an achievement.Inequality: An unprecedented decline in both urban and rural inequality. The urban Gini (x100) declined from 36.7 to 31.9; the rural Gini declined from 28.7 to 27.0. In the annals of inequality analysis, this decline is unheard of, and especially in the context of high per capita growth.
Emphasis added.Poverty: High growth and large decline in inequality have combined to eliminate poverty in India for the PPP$ 1.9 poverty line. (Here we use the PPP$ 1.9 line [2011 prices] rather than the PPP$ 2.15 line at 2017 prices because the former closely corresponds to the official India Tendulkar poverty line.) The Headcount Poverty Ratio (HCR) for the 2011 PPP$ 1.9 poverty line has declined from 12.2 per cent in 2011-12 to 2 per cent in 2022-23, equivalent to 0.93 percentage points (ppt) per year. Rural poverty stood at 2.5% while urban poverty was down to 1%. For the PPP$ 3.2 line, HCR declined from 53.6% to 20.8% (almost 3 ppt per year). Note that these estimates do not take into account the free food (wheat and rice) supplied by the government to approximately two-thirds of the population, nor utilization of public health and education.
This is, in a sense, a realization of the Leftist ideal programs, on which however Leftists could never deliver. However, put all that aside. The great alleviation of the misery of extreme poverty for so many is to be celebrated. Now for the next steps...The relatively higher consumption growth in rural areas should not come as a surprise given the strong policy thrust on redistribution through a wide variety of publicly funded programs. These include a national mission for construction of toilets and attempts to ensure universal access to electricity, modern cooking fuel, and more recently, piped water. As an example, rural access to piped water in India as of 15th August 2019 was 16.8% and at present it is 74.7%. The reduced sickness from accessing safe water may have helped families earn more income. Similarly, under the Aspirational District Program, 112 districts of the country were identified as having the lowest development indicators. These districts were targeted by government policies with an explicit focus on improving their performance in development.
India, endowed with the fifth-largest coal reserves globally, stands as the second-largest consumer of coal, propelled by a fast-growing economy. The power sector alone is experiencing a compounded annual growth rate (CAGR) of around 7.5 % from FY 2021-22 to 2023-24 while other sectors exhibit similar momentum, driving the demand for coal.
In overall coal consumption spectrum, the unavailability of Coking coal and high-grade thermal coal within our reserves necessitates imports to meet the requirements of industries like steel etc. However, medium and low-grade thermal coal are abundantly available domestically, making it imperative for the country to sufficiently produce to fulfill domestic demand.
Over the past decade, concerted efforts to bolster coal production have yielded a positive trend. Notably, from 2004 to 2014, the CAGR of imported coal's share in the total consumption basket stood at 13.71%. Contrastingly, from 2014 to 2024, this figure plummeted to around -2.7%. The trend of coal imports over the past five years (excluding imports for imported coal-based thermal power plants), reveals a decline in the share of imported coal in the total consumption, showcasing a reduction from 21.05% in the previous fiscal year (Apr-Dec) to 19.38% in the corresponding period of the current fiscal year. This reduction translates to significant forex savings amounting to around Rs. 82264 crores.
If this happens the entire export economy of the country will collapse. All our costs are in INR and the cost structure is built upon the Rs.75+/$ so we will be completely noncompetitive in the global economy.
https://fortune.com/2024/03/10/india-ef ... agreement/India signed a trade agreement with Iceland, Liechtenstein, Norway and Switzerland on Sunday that includes a commitment of $100 billion investment and creating 1 million direct jobs in India in the next 15 years, officials said.
India on its part committed to reducing import tariffs on industrial products from the four European countries that comprise the European Free Trade Association, or EFTA.
“The landmark agreement between India and EFTA is set to bring significant economic benefits, such as better integrated and more resilient supply chains, new opportunities for businesses and individuals on both sides leading to increased trade and investment flows, job creation, and economic growth,” an EFTA communique said.
India’s Commerce and Industry Minister Piyush Goyal said India for the first time had signed an agreement with an important economic bloc in Europe. India is also working on trade pacts with Britain and the European Union.
Sebi tightens short selling rules
In a circular issued Sebi made it mandatory for institutional investors to disclose upfront at the time of placement of order whether the transaction is a short sale. Retail investors on the other hand will have to make a similar disclosure by the end of the trading hours on transaction day. Additionally, Sebi has made it mandatory for brokers to collect the details on scrip-wise short sell positions. They will also have to collate the data and upload it to the stock exchanges before the commencement of trading on the following trading day.
"The stock exchanges shall then consolidate such information and disseminate the same on their websites for the information of the public on a weekly basis. The frequency of such disclosure may be reviewed from time to time with the approval of SEBI." Sebi said in the circular.
A_Gupta wrote: ↑11 Mar 2024 06:41 "Four European countries just signed a free-trade agreement with India—and committed to invest $100 billion"
https://fortune.com/2024/03/10/india-ef ... agreement/India signed a trade agreement with Iceland, Liechtenstein, Norway and Switzerland on Sunday that includes a commitment of $100 billion investment and creating 1 million direct jobs in India in the next 15 years, officials said.
India on its part committed to reducing import tariffs on industrial products from the four European countries that comprise the European Free Trade Association, or EFTA.
“The landmark agreement between India and EFTA is set to bring significant economic benefits, such as better integrated and more resilient supply chains, new opportunities for businesses and individuals on both sides leading to increased trade and investment flows, job creation, and economic growth,” an EFTA communique said.
India’s Commerce and Industry Minister Piyush Goyal said India for the first time had signed an agreement with an important economic bloc in Europe. India is also working on trade pacts with Britain and the European Union.