You said it. A vibrant democracy needs its share of clowns and idiots but what we can't tolerate are traitors and cheats. This guy belongs to first two categories. Stated it with due respect to all Jesters of the world.
Indian Economy : News,Discussions & Updates
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everything I said came true. I said modi will mess up- he did. I said congress will rise again- one term they're back with a bang. I said AAP will deliver they did. I said Modi will lose it in 2019- he is losin it. I belong to the category of the all seeing wiseman.
Update- you know yesterday with my pasture, me and alter boys etc. were getting our lubes when people starting asking for you. Apparently all wanted to have their way with you
I am sure you can do better. Except for CG, congress needed support of others to form govt in two states. Just wait and watch for GE 2019. The same Maya kee beti will ditch congress for her pound of flash like the shylock of Merchant of Venice.
If I am not wrong they asked you to apply the lube on the backside and not me. If I have to, i will do it to make it comfortable for you or rather i like it rough, skin to skin, best and most enjoyable when there is lot of shrieking and crying.Update- you know yesterday with my pasture, me and alter boys etc. were getting our lubes when people starting asking for you. Apparently all wanted to have their way with you
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Alter boys asked specificlly for anonymous. You can join in with them and do your experiments whichever way you want
Only problem is that I am straight. Not into boys. Let only Abrahmic religions like Christianity and Islam have such pedophile and distorted vision of the world. Let them sing-Aadmi hoon, aadmi say pyaar karta hoon. This is favorite song of AAP and Khujliwal. AND you are a great fan of Khujliwal.Alter boys asked specificlly for anonymous. You can join in with them and do your experiments whichever way you want
I think you should let anonymous fight his own battles. About time he he stood up for himself
OK. Truce.I think you should let anonymous fight his own battles. About time he he stood up for himself
'Make In India' Gets A Boost As TCL Announces A Manufacturing Unit At Tirupati
TCL a China-based global electronics brand announced its first smart integrated manufacturing industrial park in an overseas market here in Andhra Pradesh on Thursday which is supposed to commence manufacturing in the fourth quarter of 2019.
"The Tirupati unit will enable TCL to actively contribute towards the 'Make in India' initiative by generating substantial employment opportunities for the country's young workforce, and will also fulfil the market demand for smart consumer electronics appliances in India," the company said.
The primary facility of the industrial park is the panel module factory, which is the first overseas production unit of TCL's panel subsidiary Shenzhen China Star Optoelectronics Technology Co., Ltd (CSOT).
The CSOT panel module factory will produce screens for TVs and mobile phones, with a designed production capacity of eight million 22-inch to 55-inch, large-sized TV screens and 30 million 3.5-inch to 8-inch, small-sized mobile screens per year, TCL said.
"India is a strategic market for TCL," Tomson Li, Chairman and CEO of TCL Corporation, said in a statement.
"The project will strengthen our supply chain integration capabilities in India and in turn, will benefit our local consumers, providing them with superior quality products at a greater value," he added.
The investment in the panel module factory in India marks the first step in CSOT's overseas deployment.
However, TCL Electronics has not shared the amount which it would invest in the proposed unit. "Our partnership with the Andhra Pradesh government and the establishment of our Tirupati manufacturing unit would allow us to provide Indian consumers with innovative smart TVs driven by the latest cutting-edge QLED and AI technologies," TCL India Country Manager Mike Chen said.
Upon completion, the project will help realise CSOT's capabilities in smart manufacturing and product delivery on a global scale, providing services for customers and partners worldwide, the company added.
In order to support the CSOT panel module factory, TCL said its industrial park will also include a smart TV manufacturing facility to efficiently integrate the panel module and TV set production.
The smart TV manufacturing facility is designed to manufacture six million 32-inch to 65-inch TV sets per year.
"TCL's smart integrated manufacturing project in Tirupati is of great significance to the industrial and economic development of Andhra Pradesh," Andhra Pradesh Chief Minister N. Chandrababu Naidu said in a statement.
TCL a China-based global electronics brand announced its first smart integrated manufacturing industrial park in an overseas market here in Andhra Pradesh on Thursday which is supposed to commence manufacturing in the fourth quarter of 2019.
"The Tirupati unit will enable TCL to actively contribute towards the 'Make in India' initiative by generating substantial employment opportunities for the country's young workforce, and will also fulfil the market demand for smart consumer electronics appliances in India," the company said.
The primary facility of the industrial park is the panel module factory, which is the first overseas production unit of TCL's panel subsidiary Shenzhen China Star Optoelectronics Technology Co., Ltd (CSOT).
The CSOT panel module factory will produce screens for TVs and mobile phones, with a designed production capacity of eight million 22-inch to 55-inch, large-sized TV screens and 30 million 3.5-inch to 8-inch, small-sized mobile screens per year, TCL said.
"India is a strategic market for TCL," Tomson Li, Chairman and CEO of TCL Corporation, said in a statement.
"The project will strengthen our supply chain integration capabilities in India and in turn, will benefit our local consumers, providing them with superior quality products at a greater value," he added.
The investment in the panel module factory in India marks the first step in CSOT's overseas deployment.
However, TCL Electronics has not shared the amount which it would invest in the proposed unit. "Our partnership with the Andhra Pradesh government and the establishment of our Tirupati manufacturing unit would allow us to provide Indian consumers with innovative smart TVs driven by the latest cutting-edge QLED and AI technologies," TCL India Country Manager Mike Chen said.
Upon completion, the project will help realise CSOT's capabilities in smart manufacturing and product delivery on a global scale, providing services for customers and partners worldwide, the company added.
In order to support the CSOT panel module factory, TCL said its industrial park will also include a smart TV manufacturing facility to efficiently integrate the panel module and TV set production.
The smart TV manufacturing facility is designed to manufacture six million 32-inch to 65-inch TV sets per year.
"TCL's smart integrated manufacturing project in Tirupati is of great significance to the industrial and economic development of Andhra Pradesh," Andhra Pradesh Chief Minister N. Chandrababu Naidu said in a statement.
India’s Stock Market Leapfrogs Germany's to Become World’s Seventh-Biggest
By
Srinivasan Sivabalan
21 December 2018, 22:34 GMT+5:30
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India’s ascent on the global stage has claimed another victory after its stock market overtook Germany to become the seventh largest in the world.
The Asian giant edged past the equity market of Europe’s largest economy for the first time in seven years, according to data compiled by Bloomberg. That means, after the U.K. leaves the European Union in March, the bloc would have only one country -- France -- among the seven biggest markets.
The move reflects India’s positive returns this year as companies’ reliance on domestic demand enabled them to avoid the meltdown in other emerging markets spurred by Federal Reserve tightening and a trade war between the U.S. and China. It also highlights the challenges facing the EU, including its future relationship with the U.K., a standoff with Italy over budget allocations and separatist clashes in Spain.
While the MSCI Emerging Markets Index is heading for a 17 percent decline this year, India’s benchmark S&P BSE Sensex is up 5 percent after seesawing throughout the year amid oil-price volatility.
Equity Giants
List of world's biggest stock markets sees a churn (Yeah, America is THAT big)
In a year dominated by trade protectionism and punitive tariffs by Donald Trump’s administration on China, it’s little wonder that investors have turned cautious over countries with a heavy dependence on exports.
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Germany derives more than 38 percent of its gross domestic product from exports, based on 2017 data from World Bank. The corresponding ratio for India is only 11 percent, meaning much of the stock-market opportunity in the country comes from domestic consumer stories.
The reliance on local demand and entrepreneurship also puts India ahead in growth sweepstakes. The south Asian nation is projected to grow 7.5 percent this year and 7.3 percent in 2019, a far cry from German growth of 1.6 percent for each year.
https://www.bloomberg.com/news/arti...k-market-leapfrogs-germany-s-as-economy-booms
By
Srinivasan Sivabalan
21 December 2018, 22:34 GMT+5:30
- Relative isolation in global trade works in India’s favor
- Berlin politics, profit warnings weigh on German stocks
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India’s ascent on the global stage has claimed another victory after its stock market overtook Germany to become the seventh largest in the world.
The Asian giant edged past the equity market of Europe’s largest economy for the first time in seven years, according to data compiled by Bloomberg. That means, after the U.K. leaves the European Union in March, the bloc would have only one country -- France -- among the seven biggest markets.
The move reflects India’s positive returns this year as companies’ reliance on domestic demand enabled them to avoid the meltdown in other emerging markets spurred by Federal Reserve tightening and a trade war between the U.S. and China. It also highlights the challenges facing the EU, including its future relationship with the U.K., a standoff with Italy over budget allocations and separatist clashes in Spain.
While the MSCI Emerging Markets Index is heading for a 17 percent decline this year, India’s benchmark S&P BSE Sensex is up 5 percent after seesawing throughout the year amid oil-price volatility.
Equity Giants
List of world's biggest stock markets sees a churn (Yeah, America is THAT big)
In a year dominated by trade protectionism and punitive tariffs by Donald Trump’s administration on China, it’s little wonder that investors have turned cautious over countries with a heavy dependence on exports.
ADVERTISING
Germany derives more than 38 percent of its gross domestic product from exports, based on 2017 data from World Bank. The corresponding ratio for India is only 11 percent, meaning much of the stock-market opportunity in the country comes from domestic consumer stories.
The reliance on local demand and entrepreneurship also puts India ahead in growth sweepstakes. The south Asian nation is projected to grow 7.5 percent this year and 7.3 percent in 2019, a far cry from German growth of 1.6 percent for each year.
https://www.bloomberg.com/news/arti...k-market-leapfrogs-germany-s-as-economy-booms
In 2006, china was a 2.9trn economy and within 12 yrs it has become a 12.5trn economy. It has grown four times its size in 12 yrs. Can we Indians do it? How did China do it? They did not believe in foreign fundas like Fiscal deficit and controlling debt to GDP ratios.
China did it with a surplus current account and a very high savings rate. We don't have either, so our rupee will keep weakening vis-a-vis the dollar.
No. They did it only by a controlled Yuan price and positive CAD. Who advised India to go for full rupee float and who did it and for what reason? Any Guess or you want me to answer it.
Surplus current account is what you called positive CAD. It's actually CAS or Current Account Surplus.
The rupee free float is fine. One of the reasons why we have more remittances than China does even though China has twice as many immigrants. It's not the IMF's fault that India is incapable of doing land and labour reforms and start investing in manufacturing.
Even India can manage the rupee in favour of exports once we get a surplus. We would have in fact done it if we did not rely so much on oil and gold imports.
In one of the replies to @Hellfire I had stated that majority of NPAs were created by the change in rule by Raghuram Rajan in classification of NPAs and his decision to call NPA of one bank as NPA for all banks created a major crisis in banking. This was done to sabotage the growth rate of Indian Economy. Please go thru the link below. It clearly states what I had stated that time. Refusal to Restructure the loans and allow further credit to any defaulter added to NPAs and created false NPAs which otherwise could have been converted to assets for banks.
Public sector banks recovery against non-performing assets doubles this year
"The government said rise in NPAs was in good part due to banks being made to recognise stressed assets as NPAs and the withdrawal of restructuring schemes in 2017-18."
Denying credit to stressed assets is like pulling away oxygen from a man who needs it the most to come out of ICU. Jai-Italy with Raghuram Rajan and Urjit Patel are guilty of sabotaging this nation's economy. Their aim was just one. Bring down Modi. The alternative to Modi is neither Sushma-the shoorpnakha or Gadhkari-the Gadhaa but a very smart Lutyens mafiaso-Jai-Italyji.
Public sector banks recovery against non-performing assets doubles this year
"The government said rise in NPAs was in good part due to banks being made to recognise stressed assets as NPAs and the withdrawal of restructuring schemes in 2017-18."
Denying credit to stressed assets is like pulling away oxygen from a man who needs it the most to come out of ICU. Jai-Italy with Raghuram Rajan and Urjit Patel are guilty of sabotaging this nation's economy. Their aim was just one. Bring down Modi. The alternative to Modi is neither Sushma-the shoorpnakha or Gadhkari-the Gadhaa but a very smart Lutyens mafiaso-Jai-Italyji.
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India's economy to overtake Britain, France in 2019, possibly 2020
In the race to outpace developed economies, emerging countries such as China, India, and Brazil suffered a setback this year and will outgrow them later than previously expected, the Centre for Economics and Business Research said.
The Cebr consultancy's 2019 World Economic League Table was more downbeat on the global economy than last year's outlook.
"For the medium term, we are roughly as optimistic as we were a year ago, but suspect the route to growth will be more bumpy than we had assumed 12 months ago," said the report, which forecast the fortunes of 193 countries to 2033.
China is likely to overtake the United States as the world's No. 1 economy in 2032, two years later than previously expected, due to a more lax monetary policy and lower exchange rate, the Cebr said.
It expects Brazil to overtake Italy in 2020, not 2018.
India would overtake Britain and France, probably in 2019, but possibly 2020, rather than in 2018 as it predicted a year ago.
Britain would likely lose its place as then the sixth biggest economy to France next year due to Brexit-related disruption, but should regain that position by 2023.
The Cebr also projected Ireland to be among the fastest growing economies in the euro zone next year, but said Brexit posed a big downside risk to that forecast.
The effects of a trade war between the world's two biggest economies have made themselves felt across global markets this year, and dented world trade growth.
The volume of world trade growth is likely to be up 2.99 per cent this year, less than two-thirds of the increase in 2017, the Cebr estimates.
The report's forecasts chimed with a deepening sense that optimism about synchronised global growth was overcooked, and that markets got ahead of themselves.
A Reuters poll of economists in late October signalled the outlook for global growth in 2019 dimmed for the first time.
Ammunition for a recession
Markets have suffered this year as investors fled risky assets, afraid monetary tightening from the world's central banks is removing too much support from the economy as a trade war weighs on growth.
"With debt high and many of the structural problems that caused the great recession still in existence, a global recession could be more difficult to resolve than its predecessors," the Cebr said.
But policymakers and governments still have enough ammunition to see the world through the next recession, according to Douglas McWilliams, deputy chairman of the Cebr, though he saw a shift from monetary to fiscal action.
"We're in a world now where there's a sense that a certain degree of fiscal action will have to be applied in order to avoid the world falling flat on its face," McWilliams said.
Government spending is likely to rise, both from fiscal easing and from discretionary spending, he added, saying he saw governments delivering more support than central banks.
With many economies facing an infrastructure backlog and mega-projects such as China's Belt and Road ongoing, the Cebr forecasts global construction spending will rise from $11.5 billion to $27.4 billion or 15.5 percent of world GDP by 2033.
McWilliams expected the average fiscal deficit for the OECD area to come in at 5 per cent of GDP in 2020, higher than the OECD's forecast of 3.2 per cent.
"A 5 per cent spend is risking it a bit, but the developed economies are in a better position to take that risk than emerging economies," he said.
India's economy to overtake Britain, France in 2019, possibly 2020: Report
In the race to outpace developed economies, emerging countries such as China, India, and Brazil suffered a setback this year and will outgrow them later than previously expected, the Centre for Economics and Business Research said.
The Cebr consultancy's 2019 World Economic League Table was more downbeat on the global economy than last year's outlook.
"For the medium term, we are roughly as optimistic as we were a year ago, but suspect the route to growth will be more bumpy than we had assumed 12 months ago," said the report, which forecast the fortunes of 193 countries to 2033.
China is likely to overtake the United States as the world's No. 1 economy in 2032, two years later than previously expected, due to a more lax monetary policy and lower exchange rate, the Cebr said.
It expects Brazil to overtake Italy in 2020, not 2018.
India would overtake Britain and France, probably in 2019, but possibly 2020, rather than in 2018 as it predicted a year ago.
Britain would likely lose its place as then the sixth biggest economy to France next year due to Brexit-related disruption, but should regain that position by 2023.
The Cebr also projected Ireland to be among the fastest growing economies in the euro zone next year, but said Brexit posed a big downside risk to that forecast.
The effects of a trade war between the world's two biggest economies have made themselves felt across global markets this year, and dented world trade growth.
The volume of world trade growth is likely to be up 2.99 per cent this year, less than two-thirds of the increase in 2017, the Cebr estimates.
The report's forecasts chimed with a deepening sense that optimism about synchronised global growth was overcooked, and that markets got ahead of themselves.
A Reuters poll of economists in late October signalled the outlook for global growth in 2019 dimmed for the first time.
Ammunition for a recession
Markets have suffered this year as investors fled risky assets, afraid monetary tightening from the world's central banks is removing too much support from the economy as a trade war weighs on growth.
"With debt high and many of the structural problems that caused the great recession still in existence, a global recession could be more difficult to resolve than its predecessors," the Cebr said.
But policymakers and governments still have enough ammunition to see the world through the next recession, according to Douglas McWilliams, deputy chairman of the Cebr, though he saw a shift from monetary to fiscal action.
"We're in a world now where there's a sense that a certain degree of fiscal action will have to be applied in order to avoid the world falling flat on its face," McWilliams said.
Government spending is likely to rise, both from fiscal easing and from discretionary spending, he added, saying he saw governments delivering more support than central banks.
With many economies facing an infrastructure backlog and mega-projects such as China's Belt and Road ongoing, the Cebr forecasts global construction spending will rise from $11.5 billion to $27.4 billion or 15.5 percent of world GDP by 2033.
McWilliams expected the average fiscal deficit for the OECD area to come in at 5 per cent of GDP in 2020, higher than the OECD's forecast of 3.2 per cent.
"A 5 per cent spend is risking it a bit, but the developed economies are in a better position to take that risk than emerging economies," he said.
India's economy to overtake Britain, France in 2019, possibly 2020: Report
’59-minute’ scheme by Modi: Whopping! 1.12 lakh loan applications approved; Rs 37,412-cr loans sanctioned
State-run banks have given in-principle approval to 1.12 lakh loan applications of micro, small and medium enterprises, totalling Rs 37,412 crore, under the ‘59 minutes’ loan scheme, launched by Prime Minister Narendra Modi on November 2.
Minister of state for finance Shiv Pratap Shukla told the Lok Sabha that as of December 25, sanctions have been made in respect of 40,669 cases totalling loans of Rs 14,088.32 crore.
Under the scheme, MSMEs registered under the GST are eligible for loan up to RS 1 crore in just 59 minutes through ‘psbloansin59minutes.com’ portal.
MSMEs generate around 100 million jobs through 46 million units spread across the country. With a 38% contribution to the nation’s GDP and 40% and 45% share of the overall exports and manufacturing output, respectively, the sector plays a key role in the economy.
Besides the wide range of services provided by the sector, it is engaged in manufacturing of over 6000 products ranging from traditional to hi-tech items.
Separately, finance minister Arun Jaitley said action has been taken against as many as 6,049 officers of state-run banks last fiscal in cases of lapses that led to bad loans. The penalties include dismissal, compulsory retirement and demotion.
’59-minute’ scheme by Modi: Whopping! 1.12 lakh loan applications approved; Rs 37,412-cr loans sanctioned
State-run banks have given in-principle approval to 1.12 lakh loan applications of micro, small and medium enterprises, totalling Rs 37,412 crore, under the ‘59 minutes’ loan scheme, launched by Prime Minister Narendra Modi on November 2.
Minister of state for finance Shiv Pratap Shukla told the Lok Sabha that as of December 25, sanctions have been made in respect of 40,669 cases totalling loans of Rs 14,088.32 crore.
Under the scheme, MSMEs registered under the GST are eligible for loan up to RS 1 crore in just 59 minutes through ‘psbloansin59minutes.com’ portal.
MSMEs generate around 100 million jobs through 46 million units spread across the country. With a 38% contribution to the nation’s GDP and 40% and 45% share of the overall exports and manufacturing output, respectively, the sector plays a key role in the economy.
Besides the wide range of services provided by the sector, it is engaged in manufacturing of over 6000 products ranging from traditional to hi-tech items.
Separately, finance minister Arun Jaitley said action has been taken against as many as 6,049 officers of state-run banks last fiscal in cases of lapses that led to bad loans. The penalties include dismissal, compulsory retirement and demotion.
’59-minute’ scheme by Modi: Whopping! 1.12 lakh loan applications approved; Rs 37,412-cr loans sanctioned