Indian Economy : News,Discussions & Updates

His arguments are not logical. He is basically repeating way too old colonial propaganda despite his BS being debunked with proper sources, multiple times on this forum & the other.
Logical to a colonialist. As I said, I understand where this is coming from. It's better to ignore rather than getting into personal potshots.

And there is no personal attack here. I am simply stating the truth about this posters conduct on Indian forums. I can post multiple screenshots here to further substantiate my arguments.
Was referring to the removed post.
 
  • Like
Reactions: Amal
Republic of india is just 70 year old. That is very young compared to other democratic countries, it matures slowly. China managed to get their shit together just a decade ago because they can do things faster in a centralized manner. For four centuries the country was looted by uncivilised and pigmentary challenged race of people. If current signs are anything they would be back at Indian doorstep for economic and military assistance before we reach our 100th year as an independent nation.

6a00d8341d417153ef017ee89ae929970d-800wi
You still need economic and military assistance right now though. And I think you meant a Vitamin D efficient race. The Republic of India didn't even exist back then either, so 'you' were not invaded. And additionally, 'you' were not alive, so 'you' were not invaded.
 
Blah blah blah

Hear this Padraig. Your relationship with this country is anything but friendly.

During the colonial period you made quite a name here with all that looting & massacres. And given that your people are still proud of all that, there is nothing wrong with us not forgiving or forgetting that.

Neither was the post- colonial relationship so friendly, with you supporting Pakistan during wars & defending their position in the UN. And not to forget you condoning & abetting terrorists targeting India too.

Basically Indians hate your kind. If you have a problem with it, you always have your 'arrse forum'.
When you say massacres, you actually mean retribution for Indian massacres. Like those guys who got cannonballs up their butt, you fail to mention that they killed 200 women and children beforehand. So what's your complaint here? That Britain was better at massacres?

The people who did it are dead nevertheless, so your forgiveness or not is irrelevant.

They were NATO aligned, you aligned yourselves with the evil empire, what did you expect? We have this Communist dictatorship half way across Europe and India is co-operating with them and Pakistan is supporting NATO. Hmmm... whose position shall we support? You dug that hole for yourself. Your hatred of Europe blinded you of right from wrong. As regards supporting terrorism in India - BS.
 
Reacting against calls for relief during the 1877–79 famine, Lord Lytton replied, "Let the British public foot the bill for its 'cheap sentiment,' if it wished to save life at a cost that would bankrupt India," substantively ordering "there is to be no interference of any kind on the part of Government with the object of reducing the price of food," and instructing district officers to "discourage relief works in every possible way.... Mere distress is not a sufficient reason for opening a relief work."

The descendents of these scumbags have the audacity to come to an Indian forum & to insult the victims.
 
Tenders worth Rs 13,000 crore withdrawn or cancelled to promote Make in India products
Government tenders worth about Rs 13,000 crore were either cancelled or withdrawn and re-issued after the Department of Industrial Policy and Promotion (DIPP) stepped in to change their conditions for promoting 'made in India' goods, a top official said.

"The DIPP is taking every step for effective implementation of public procurement order, 2017, to promote 'made in India' products," the government official said. The government issued the order on June 15, 2017, to promote manufacturing and production of goods and services in India and enhance income and employment in the country.
A tender worth Rs 8,000 was withdrawn and re-issued with modified conditions after the intervention of the DIPP. The project was related with setting up of a urea and ammonia plant for gasification.

Similarly, a tender for procurement of train set coaches was cancelled as the tender has certain restrictive conditions which were discriminatory against domestic manufacturers and favoured foreign players. The project cost was Rs 5,000 crore. The move assumes significance as in March Prime Minister Narendra Modi expressed concerns at the restrictive and discriminatory clauses being imposed against domestic manufacturers and suppliers in tender documents for public procurement.

The department is holding series of meetings with all the concerned departments and ministries including steel, railways, defence, oil and gas, pharmaceutical, electronics, telecommunications, heavy industries, textiles, shipping and power in this regard. "Directions were given to ensure strict compliance of the order in letter and spirit. All nodal ministries were directed to ensure notification of local content," the official added. The DIPP has asked for immediate issuance of guidelines and notifications relating to declarations of items with sufficient local capacity, domestic content.

Under the Public Procurement (Preference to Make in India) Order, it was envisaged that all central government departments, their attached or subordinate offices and autonomous bodies controlled by the Government of India should ensure purchase preference be given to domestic suppliers in government procurement.
It also provides 20 per cent margin of purchase preference, while the minimum local content required shall ordinarily be 50 per cent.

Recently, Central Vigilance Commission issued directives to all central vigilance officers to exercise oversight on all contracts of over Rs 5 crore to ensure that restrictive and discriminatory clauses against domestic suppliers are not included in the tender documents for public procurement by central government agencies and that the tender conditions are in sync with the order. Further the official said that any grievance related to the issue will be taken care by the standing committee on implementation of this order. It is chaired by DIPP Secretary Ramesh Abhishek.

Several departments and ministries including pharmaceuticals and defence production have already identified number of items for declaring domestic content. The department of defence production have identified as many as 90 such items and they will be notifying the domestic content for these products soon. Similarly, department of pharma will be notifying the norms for four major categories including consumables, implants.
Tenders worth Rs 13,000 crore withdrawn or cancelled to promote Make in India products
 
  • Informative
Reactions: _Anonymous_
India's net direct tax collection rises 18 per cent to Rs 10.03 lakh crore in FY18
India's direct tax collections for the last financial year crossed the Rs 10 lakh crore mark, registering an increase of 18 per cent over the previous fiscal, the government said on Wednesday.

"During the last Financial Year 2017-18, net direct tax collections have crossed Rs 10.03 lakh crore mark which is 18 per cent higher than the collections during the FY 2016-17," the Finance Ministry said in a tweet.
It added that the growth rate of 18 per cent was the highest in the last seven years.

Last month, Finance Secretary Hasmukh Adhia said that India's direct tax collections for FY 2017-18 at a net of Rs 9.95 lakh crore grew at 17.1 per cent over the previous fiscal and had already exceeded the Budget Estimates (BE) figure.
He added that those figures were provisional and subject to change pending final collation of data of collections.
India's net direct tax collection rises 18 per cent to Rs 10.03 lakh crore in FY18
 
India says no plans for oil trade with Venezuela using 'petro' cryptocurrency
India said on Monday it had no plans to use Venezuela's local cryptocurrency 'petro' in oil trade with the Latin American nation, which is facing sanctions from the United States.

Responding to a question at a news conference, Foreign Minister Sushma Swaraj cited an order by the country's central bank saying it did not allow trade using cryptocurrency.
Venezuela, whose oil output is falling under pressure from the U.S. sanctions, is offering discount on oil sales done in 'petro'.

Indian media earlier reported that Venezuela had offered as much as 30 percent discount on oil sales to Indian refiners provided they traded in 'petro'.
India says no plans for oil trade with Venezuela using 'petro' cryptocurrency
 
  • Like
Reactions: Ashwin
BFSI, e-comm, retail, infra sectors to add over 1 mn jobs by 2018-end: Report
The Indian flexi staffing market size is witnessing significant growth and sectors like BFSI, e-commerce, retail and infrastructure together are likely to add more than 1 million jobs by end of this year, says a report.

As per a recent global staffing report, the Indian staffing market size is estimated to be valued at EUR 3.6 billion.

According to Indian Staffing Federation (ISF), an apex body of flexi staffing industry, automotive, retail and e-commerce and infrastructure are among the top 15 sectors that employ 81 per cent of formal sector workforce.
"With automation and innovation changing the nature of the work, BFSI contributes 12 per cent, infrastructure, construction and energy contribute 11 per cent, retail and e-commerce together comprise 5 per cent in the national flexi staff," the report said.

"The country is suffering from acute low levels of productivity at workplace that emanates from the real crisis - which is lack of skills," ISF President Rituparna Chakraborty said.
Chakraborty further noted, "As members of the staffing industry, we are sitting on large volumes of jobs, however, we are able to hire only 5 per cent of the youth that reach out to us on a daily basis."
"EPFO data suggests formalisation of workforce and rather than being sceptical about it. We should welcome this and alongside shift our debates to skills rather than on non-availability of jobs," she added.

According to ISF, the retail market's growth has not only been witnessed in the metropolitan cities, but also across numerous tier I and tier III cities, providing enhanced business and job opportunities for the local youth.
According to one of ISF's report, the organised retail sector will create 12,62,120 jobs, construction and real estate will create 1,37,280 jobs, BFSI will create 52,500 jobs while automobile sector to add 43,060 jobs by 2021.
BFSI, e-comm, retail, infra sectors to add over 1 mn jobs by 2018-end: Report