We do 3 crops a year all the time.
Wheat, potatoes and then millet. Tough on land but doable. @vstol Jockey
Indian Economy : News,Discussions & Updates
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We do 3 crops a year all the time.
Wheat, potatoes and then millet. Tough on land but doable. @vstol Jockey
Modi’s demonetisation was failure? No, it actually boosted global e-payments growth
Even as critics term demonetisation a failed exercise by the Modi government which slowed down India’s growth, it actually lifted world’s electronic payments growth by one percentage point more than anticipated, a global report said. In addition, India, riding on its high growth rate in e-payments, is expected to pip both Australia and Canada in the segment in the coming two years becoming ninth- fastest, according to Capgemini’s World Payments Report 2018.
“We could not anticipate the Indian Government’s demonetization program, announced in November 2016, which resulted in higher-than-expected growth in non-cash transactions of 33.2%, with debit debit cards contributing the highest growth of 76.2%,” the report said.
The digital payments’ growth in the country in 2016 was second only to Russia (up 36.5 percent). China was the third-highest at nearly 26 percent,” according to report. India is expected to become the ninth-largest in the world in the segment in the coming two years, Capgemini’s World Payments Report mentioned.
Driven by efforts of financial inclusion and the adoption of mobile payments, an accelerated growth rate of 16.5 percent in the developing markets of Emerging Asia, CEMEA and Latin America, it said.
“The government’s financial inclusion measures have led to higher adoption of debit and prepaid cards. Credit card volumes grew by 38.1%, compared with 27.8% in 2015,” the report said. The number of payments made through mobile wallets increased by 75.5 percent in the year 2016, the report added.
Meanwhile, on November 8, 2016, Modi government announced the demonetisation of all Rs 500 and Rs 1000 bank notes of the Mahatma Gandhi Series. It also announced the issuance of new Rs 500 and Rs 2000 banknotes in exchange for the banned bank notes.
Modi’s demonetisation was failure? No, it actually boosted global e-payments growth, says report
Even as critics term demonetisation a failed exercise by the Modi government which slowed down India’s growth, it actually lifted world’s electronic payments growth by one percentage point more than anticipated, a global report said. In addition, India, riding on its high growth rate in e-payments, is expected to pip both Australia and Canada in the segment in the coming two years becoming ninth- fastest, according to Capgemini’s World Payments Report 2018.
“We could not anticipate the Indian Government’s demonetization program, announced in November 2016, which resulted in higher-than-expected growth in non-cash transactions of 33.2%, with debit debit cards contributing the highest growth of 76.2%,” the report said.
The digital payments’ growth in the country in 2016 was second only to Russia (up 36.5 percent). China was the third-highest at nearly 26 percent,” according to report. India is expected to become the ninth-largest in the world in the segment in the coming two years, Capgemini’s World Payments Report mentioned.
Driven by efforts of financial inclusion and the adoption of mobile payments, an accelerated growth rate of 16.5 percent in the developing markets of Emerging Asia, CEMEA and Latin America, it said.
“The government’s financial inclusion measures have led to higher adoption of debit and prepaid cards. Credit card volumes grew by 38.1%, compared with 27.8% in 2015,” the report said. The number of payments made through mobile wallets increased by 75.5 percent in the year 2016, the report added.
Meanwhile, on November 8, 2016, Modi government announced the demonetisation of all Rs 500 and Rs 1000 bank notes of the Mahatma Gandhi Series. It also announced the issuance of new Rs 500 and Rs 2000 banknotes in exchange for the banned bank notes.
Modi’s demonetisation was failure? No, it actually boosted global e-payments growth, says report
VMware plans to invest $2 billion in India over next 5 years
VMware Inc, a leading innovator in enterprise software and a listed unit of Dell Technologies Inc, plans to invest $2 billion in VMware-specific efforts in India between now and 2023 as part of the company’s overall global investment strategy.
The announcement was made by VMware CEO Pat Gelsinger in New Delhi on Wednesday. The $2 billion investment is expected to enable the company to expand to new offices in Bangalore and Pune as well as increase headcount and capital expenditure for both research and development (R&D) and to support its growing sales operations in India. VMware’s primary India sites include Bangalore, Pune and Chennai.
“India is a key cornerstone of our overall global investment strategy, providing outstanding engineering talent for our global R&D operations that are helping to drive innovation across our entire product portfolio,” said Pat Gelsinger, CEO, VMware. “VMware remains committed to providing innovative technologies that help drive our customers’ digital transformation.”
Upbeat about the current business environment in the country, Gelsinger said that enabled VMware to continue to grow, invest, and create jobs and opportunities in India. Arun Parameswaran, vice-President and Managing Director, VMware India, added that the company’s initiatives in the country also support Indian Government policies, such as Digital India. “India has a deep pool of talented, creative people that can help fuel our innovation now and in the future,” he said.
Over the past 13 years, VMware’s operations across R&D, sales and marketing as well as business support services have expanded in India, with more than 5,000 employees today supporting its business locally and globally.
VMware plans to invest $2 billion in India over next 5 years
VMware Inc, a leading innovator in enterprise software and a listed unit of Dell Technologies Inc, plans to invest $2 billion in VMware-specific efforts in India between now and 2023 as part of the company’s overall global investment strategy.
The announcement was made by VMware CEO Pat Gelsinger in New Delhi on Wednesday. The $2 billion investment is expected to enable the company to expand to new offices in Bangalore and Pune as well as increase headcount and capital expenditure for both research and development (R&D) and to support its growing sales operations in India. VMware’s primary India sites include Bangalore, Pune and Chennai.
“India is a key cornerstone of our overall global investment strategy, providing outstanding engineering talent for our global R&D operations that are helping to drive innovation across our entire product portfolio,” said Pat Gelsinger, CEO, VMware. “VMware remains committed to providing innovative technologies that help drive our customers’ digital transformation.”
Upbeat about the current business environment in the country, Gelsinger said that enabled VMware to continue to grow, invest, and create jobs and opportunities in India. Arun Parameswaran, vice-President and Managing Director, VMware India, added that the company’s initiatives in the country also support Indian Government policies, such as Digital India. “India has a deep pool of talented, creative people that can help fuel our innovation now and in the future,” he said.
Over the past 13 years, VMware’s operations across R&D, sales and marketing as well as business support services have expanded in India, with more than 5,000 employees today supporting its business locally and globally.
VMware plans to invest $2 billion in India over next 5 years
Ruias make stunning Rs 54,000 crore bid to retain Essar Steel
Ruias make stunning Rs 54,000 crore bid to retain Essar Steel - Times of India
Look how these willful *censored*S found money to pay off Loan when they found they're going to lose their company. Modi government did right thing to sell off assets of willful defaulters. Now these *censored*s will pay back looted public money.
Ruias make stunning Rs 54,000 crore bid to retain Essar Steel - Times of India
Look how these willful *censored*S found money to pay off Loan when they found they're going to lose their company. Modi government did right thing to sell off assets of willful defaulters. Now these *censored*s will pay back looted public money.
Point is how did these *censored*s came up with money now. Either they were trying to make banks take hair cut so that they can make money out of it which is a kind of fraud or outright cheaters who may have siphoned off money abroad and now seeing that they are losing their assets ready to pay back by bringing back money from safe haven.
A News report said that Chinese Banks
Are willing to finance this Deal
China would have given Yuan loans to Essar
For them it is just about Printing money and
Getting a huge asset
They have offered to pay AFTER 14 months. Probably hoping that the govt will change and they will get favourable terms again. True *censored*s.
My views aboput the tenures of Raghuraman and now Urjit Patel as governor of RBI are well known. I had repeatedly raised points regarding how these two people had followed the IMF dictate to ruin Indian economy by reducing its true growth potential. Now all news coming out of Finance Ministry is pointing to a very serious fight between RBI & Finance Ministry. FM point of views on this subject are exactly same as mine. Recently I had suggested that India must lower its lending rates to offset rupee depreciation. Some of the members called it a bad idea. Best finance brains have supported my idea and obsession of RBI with inflation have been proven completely lop sided now. Urjit Patel must be sacked and brought to justice for being a cheat. Just like the ten years of UPA are the darkest years of our economy, similarly, the tenures of Raghurajan and Urjit Patel must be written off as the worst years of Indian economy.
Ease of Doing Business 2019: India jumps 23 spots to 77th rank in World Bank's latest report
MoneyControl • Oct 31, 2018 08:16 PM IST
By Gaurav Choudhury
Gaurav Choudhury Moneycontrol News
India leapfrogged to the 77th rank in the World Bank's latest Ease of Doing Business rankings, jumping 23 notches from last year, a news that is likely to bring cheer for the Narendra Modi-government that is caught in an apparent turf battle with the Reserve Bank of India (RBI).
The report also recognises India as one of the top 10 improvers in this year’s assessment, for the second successive time. India is the only large country this year to have achieved such a significant shift.
The jump is significant, as it comes after last year’s 30-rung climb when India moved into the top 100 rankings among 190 countries.
Ease of Doing Business 2019: India jumps 23 spots to 77th rank in World Bank's latest report
Well, that's an increase of 53 ranks in two years. Well done.
MoneyControl • Oct 31, 2018 08:16 PM IST
By Gaurav Choudhury
Gaurav Choudhury Moneycontrol News
India leapfrogged to the 77th rank in the World Bank's latest Ease of Doing Business rankings, jumping 23 notches from last year, a news that is likely to bring cheer for the Narendra Modi-government that is caught in an apparent turf battle with the Reserve Bank of India (RBI).
The report also recognises India as one of the top 10 improvers in this year’s assessment, for the second successive time. India is the only large country this year to have achieved such a significant shift.
The jump is significant, as it comes after last year’s 30-rung climb when India moved into the top 100 rankings among 190 countries.
Ease of Doing Business 2019: India jumps 23 spots to 77th rank in World Bank's latest report
Well, that's an increase of 53 ranks in two years. Well done.
IMF & RBI on the same side ??
Nah... Simply can't connect the dots here. Need more explanation on your claim.
Remember RBI DG clearly said that "Govt is playing T20 while RBI is playing Test match", RBI is not ruining the economy, it just want to keep it stable and want to protect the economy from volatile world economy.
The biggest lie a sold out RBI Governor could have stated. What happened in 2008 when Liehman brothers got their Liehman sisters raped? Did Indian Banking survive due to global practices or higher lending capability? READ, READ and READ.IMF & RBI on the same side ??
Nah... Simply can't connect the dots here. Need more explanation on your claim.
Remember RBI DG clearly said that "Govt is playing T20 while RBI is playing Test match", RBI is not ruining the economy, it just want to keep it stable and want to protect the economy from volatile world economy.
What is our GDP to debt ratio and how does that save us from world fluctuations?
India and Japan signed 75 Billion dollar currency swap deal. Bank of Japan will accept rupee for dollar in case of any emergency from India
Rupee rescue: India and Japan sign record $75-billion currency swap deal - The Financial Express
Rupee rescue: India and Japan sign record $75-billion currency swap deal - The Financial Express
They are playing a test match to lose it with innings defeat. Just wait and watch. Urjit Patel might be shown the door. Enough with these agents of foreign powers out to ruin Indian economy.IMF & RBI on the same side ??
Nah... Simply can't connect the dots here. Need more explanation on your claim.
Remember RBI DG clearly said that "Govt is playing T20 while RBI is playing Test match", RBI is not ruining the economy, it just want to keep it stable and want to protect the economy from volatile world economy.
How is so many RBI governors turning up traitors despite them being appointed by the central government. Why are ALL of them towing western banking interests instead of national interests?? I don't get it. Also, PMO has power to sack RBI governors anytime, so why don't they ever do it when they start showing anti-national tendencies??
Also what difference does the FSLRC make?? Was it done by Congress to further derail govt grip on RBI?
Raghurajan was brought in by Italian waitress in 2007 and appointed RBI governor later. Urjit was his deputy who too was imported by the same waitress. After Raghurajan, Urjit took over. do you know from where did Raghu come and where did he go. IMF and same is true for Urjit Patel also