Indian Economy : News,Discussions & Updates
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Time to heavily levy 'google' tax, so that the lobby reverses the trend. We are anyway loosing huge talent to these tech giants, we don't have our own tech-giant yet we need it desperately.
And it would have decreased $4 bn more for 2018 but Trump wants India to reduce tariffs on Harley, Indians buy more Mastercard, sell US dairy products via amazon & flipkart and many more. India so far ignored him and continuing to do so. I guess sanctions for buying Venezuela oil will come too. Meanwhile,
India losing trade battle with China — 80% of two-way business last year were imports
In 2018, two-way trade reached $95.5 billion, up 13 per cent from the previous year (when it stood at $84.4 billion). India’s imports, however, made up just $18.8 billion.
But if trade has increased, so has India’s deficit. The trade imbalance, in China’s favour, is now $58 billion, up from $51 billion in 2017.
China’s exports to India have grown to $76.7 billion, now accounting for a record 80 per cent of the total two-way trade.
There has been regular hike in tariff on Chinese import yet the imports are only increasing which is strange. A sectoral breakup will give us better picture with proper data and avg. tariff on every sector.
World’s Largest Sanitation Program Notches Another Win- Independent Verification Agency Confirms Over 96% Usage Of Toilets Under Swachh Bharat.
key findings of NARSS 2018-19:
key findings of NARSS 2018-19:
- 93.1% of households were found to have access to toilets during the survey period (the corresponding figure as per the SBMG MIS in November 2018 was 96%)
- 96.5% of the people who had access to toilets used them
- 90.7% of villages which were previously declared and verified as ODF were confirmed to be ODF. The remaining villages also had sanitation coverage of about 93%
- 95.4% of the villages surveyed found to have minimal litter and minimal stagnant water
I say allowing for faulty methodology used, even if the figure for all the factors above is 75%, it's a huge plus. We can get into the 90's in a decades time and probably 100% or close to that in the decade following that. After all, what were the figures like in 2014, 67 years after independence?
Completely destroys the allegations of no job creation and loss of jobs in the MSME sector in particular.
PM lays foundation stone of Buxar and Khurja Thermal Power Plants
Prime Minister Shri Narendra Modi unveiled the Foundation Stones of Buxar and Khurja Thermal Power Plants digitally from Greater Noida today. These plants, 1320 MW each are situated at Buxar (Bihar) and Bulandshahar (Uttar Pradesh) respectively.
The Prime Minister said that the thermal power plants launched at Buxar and Khurja will accelerate India’s growth and will transform the power availability in Uttar Pradesh, Bihar and other neighbouring states. He spoke about the huge jump in power generation in the past four and half years.
Speaking about the Government’s initiative towards improving the power sector in India, Prime Minister said that his government focused on all four aspects of power generation, ie, Production, Transmission, Distribution and Connection. He said that such an approach has completely transformed the power sector and One Nation- One Grid has now become a reality. The Government has also given right impetus to renewable energy sector also, PM said. He added that his dream is ‘One World, One Sun, One Grid’.
Shri RK Singh, Union Minister of State (IC) for Power and New & Renewable Energy graced the foundation stone laying ceremony at Chausa, Buxar in Bihar. Speaking on the occasion, he said that the Project will bring many benefits to the region. It will give impetus to the industrial development of the region and generate thousands of direct and indirect jobs for the youth.
Shri Nand Lal Sharma Chairman & Managing Director, SJVN expressed hope that the project would also act as a multiplier for employment generation and overall growth of the entire region. The project is planned to be commissioned during the year 2023-24.
The project has been planned with special features to perform as per the latest environmental norms. The project is based on Super Critical technology, closed cycle water re-circulation system for zero discharge concepts. The coal requirement for the project has been tied-up and it will be supplied by Central Coal Limited (CCL), a subsidiary of Coal India Limited (CIL) while the State Transmission Utility, Bihar has already approved power evacuation system for this project.
In terms of the Power Purchase Agreement entered into with the Government of Bihar the project will provide at-least 85% of power generated to the state which will not only reduce demand supply deficit of Bihar in terms of current power scenario but will also boost industrial activity in the state.
The foundation stone laying ceremony at Chausa, Buxar, Bihar was graced by the Union Minister of State for Health & Family Welfare, Shri Ashwini Kumar Choubey, Energy Minister of Bihar, Shri Bijender Prasad Yadav and People’s representatives from the area and senior officials from the SJVN.
Details of the both projects are given below:
1- Buxar Thermal Power Project in Bihar
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, had given its approval (on 7th March, 2019) for investment approval for 2x660 MW Buxar Thermal Power Project (Buxar TPP) in District Buxar of Bihar.
The project will be completed at an estimated cost of Rs. 10,439.09 crore and implemented by SJVN Thermal Private Ltd., a wholly owned subsidiary of SJVN Ltd., a Mini Ratna CPSU under Ministry of Power, Government of India.
The Buxar TPP will be based on Supercritical Technology with two units of 660 MW each, equipped with latest emission control technology to protect the environment and has high efficiency and use less fuel to generate power. The Buxar TPP will improve the deficit power scenario in Bihar and Eastern region. Govt. of Bihar has already signed Power Purchase Agreement (PPA) for supply of not less than 85% of generated power.
The project is expected to generate substantial direct and indirect employment apart from various other socio-economic development in the project area. The Buxar TPP will start yielding benefits from 2023-24.
2- Khurja Super Thermal Power Project in Uttar Pradesh
The Cabinet Committee on Economic Affairs chaired by the Prime Minister has approved the investment approval (on 7th march, 2019) for 2x660MW Khurja Super Thermal Power Plant (STPP) in District Bulandshahar of Uttar Pradesh at an estimated cost of Rs.11,089.42 crore and Amelia Coal Mine in District Singraulli, Madhya Pradesh.
The project will be implemented at an estimated cost of Rs. 1587.16 crore and will be implemented by THDC India Limited, a Mini Ratna CPSU under the Ministry of Power, Government of India.
The Khurja STPP will be based on Supercritical Technology with two units of capacity 660 MW each, equipped with latest emission control technology to protect the environment and has high efficiency and uses less fuel to generate power. Amelia Coal Mine was allotted to THDC India Limited by Ministry of Coal, Govt. of India in January, 2017.The Khurja STPP will improve the deficit power scenario of Northern Region and particularly of Uttar Pradesh, which has already signed Power Purchase Agreement with THDC India Limited for purchase of 60% Power from the Project and the other beneficiary states i.e. Uttarakhand, Rajasthan, Himachal Pradesh and Delhi.
The project is expected to generate substantial direct and indirect employment and overall development of District Bulandshahar and nearby districts of Western Uttar Pradesh. The Khurja STPP will start yielding benefits from 2023-24.
*****
RCJ/MS
Prime Minister Shri Narendra Modi unveiled the Foundation Stones of Buxar and Khurja Thermal Power Plants digitally from Greater Noida today. These plants, 1320 MW each are situated at Buxar (Bihar) and Bulandshahar (Uttar Pradesh) respectively.
The Prime Minister said that the thermal power plants launched at Buxar and Khurja will accelerate India’s growth and will transform the power availability in Uttar Pradesh, Bihar and other neighbouring states. He spoke about the huge jump in power generation in the past four and half years.
Speaking about the Government’s initiative towards improving the power sector in India, Prime Minister said that his government focused on all four aspects of power generation, ie, Production, Transmission, Distribution and Connection. He said that such an approach has completely transformed the power sector and One Nation- One Grid has now become a reality. The Government has also given right impetus to renewable energy sector also, PM said. He added that his dream is ‘One World, One Sun, One Grid’.
Shri RK Singh, Union Minister of State (IC) for Power and New & Renewable Energy graced the foundation stone laying ceremony at Chausa, Buxar in Bihar. Speaking on the occasion, he said that the Project will bring many benefits to the region. It will give impetus to the industrial development of the region and generate thousands of direct and indirect jobs for the youth.
Shri Nand Lal Sharma Chairman & Managing Director, SJVN expressed hope that the project would also act as a multiplier for employment generation and overall growth of the entire region. The project is planned to be commissioned during the year 2023-24.
The project has been planned with special features to perform as per the latest environmental norms. The project is based on Super Critical technology, closed cycle water re-circulation system for zero discharge concepts. The coal requirement for the project has been tied-up and it will be supplied by Central Coal Limited (CCL), a subsidiary of Coal India Limited (CIL) while the State Transmission Utility, Bihar has already approved power evacuation system for this project.
In terms of the Power Purchase Agreement entered into with the Government of Bihar the project will provide at-least 85% of power generated to the state which will not only reduce demand supply deficit of Bihar in terms of current power scenario but will also boost industrial activity in the state.
The foundation stone laying ceremony at Chausa, Buxar, Bihar was graced by the Union Minister of State for Health & Family Welfare, Shri Ashwini Kumar Choubey, Energy Minister of Bihar, Shri Bijender Prasad Yadav and People’s representatives from the area and senior officials from the SJVN.
Details of the both projects are given below:
1- Buxar Thermal Power Project in Bihar
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, had given its approval (on 7th March, 2019) for investment approval for 2x660 MW Buxar Thermal Power Project (Buxar TPP) in District Buxar of Bihar.
The project will be completed at an estimated cost of Rs. 10,439.09 crore and implemented by SJVN Thermal Private Ltd., a wholly owned subsidiary of SJVN Ltd., a Mini Ratna CPSU under Ministry of Power, Government of India.
The Buxar TPP will be based on Supercritical Technology with two units of 660 MW each, equipped with latest emission control technology to protect the environment and has high efficiency and use less fuel to generate power. The Buxar TPP will improve the deficit power scenario in Bihar and Eastern region. Govt. of Bihar has already signed Power Purchase Agreement (PPA) for supply of not less than 85% of generated power.
The project is expected to generate substantial direct and indirect employment apart from various other socio-economic development in the project area. The Buxar TPP will start yielding benefits from 2023-24.
2- Khurja Super Thermal Power Project in Uttar Pradesh
The Cabinet Committee on Economic Affairs chaired by the Prime Minister has approved the investment approval (on 7th march, 2019) for 2x660MW Khurja Super Thermal Power Plant (STPP) in District Bulandshahar of Uttar Pradesh at an estimated cost of Rs.11,089.42 crore and Amelia Coal Mine in District Singraulli, Madhya Pradesh.
The project will be implemented at an estimated cost of Rs. 1587.16 crore and will be implemented by THDC India Limited, a Mini Ratna CPSU under the Ministry of Power, Government of India.
The Khurja STPP will be based on Supercritical Technology with two units of capacity 660 MW each, equipped with latest emission control technology to protect the environment and has high efficiency and uses less fuel to generate power. Amelia Coal Mine was allotted to THDC India Limited by Ministry of Coal, Govt. of India in January, 2017.The Khurja STPP will improve the deficit power scenario of Northern Region and particularly of Uttar Pradesh, which has already signed Power Purchase Agreement with THDC India Limited for purchase of 60% Power from the Project and the other beneficiary states i.e. Uttarakhand, Rajasthan, Himachal Pradesh and Delhi.
The project is expected to generate substantial direct and indirect employment and overall development of District Bulandshahar and nearby districts of Western Uttar Pradesh. The Khurja STPP will start yielding benefits from 2023-24.
*****
RCJ/MS
India signs filming pact with Nordic commissions
Producers Guild of India has signed a filming co-operation pact with Nordic Film Commissions to help build production relationships between the regions.
Nordic Film Commissions represents the industries of Sweden, Norway, Denmark, Finland and Iceland.
The agreement will involve a sharing of best-practice industry ideas relating to film production and promotion across the regions, while also fostering deeper cultural understandings.
“Hopefully this collaboration will also lead to more common content development and co-productions of TV series and film projects between India and the Nordic countries,” said Mikael Svensson, vice president of Nordic Film Commissions.
India has only limited appeal as an international filming location due in part to a lack of incentive support. However, the country has one of the world’s largest domestic production industries and frequently films movies and other types of content in the Nordic regions as producers search for exotic cold-weather locations and visually-striking urban environments.
Iceland is the international production hub of the Nordic regions, with wilderness locations easily accessible from Reykjavik and backed up by generous incentive support.
Finland and Norway have launched their own, more limited incentive programmes in the last couple of years and Norway is on track to host location filming for the new James Bond movie.
India signs filming pact with Nordic commissions | KFTV News
Producers Guild of India has signed a filming co-operation pact with Nordic Film Commissions to help build production relationships between the regions.
Nordic Film Commissions represents the industries of Sweden, Norway, Denmark, Finland and Iceland.
The agreement will involve a sharing of best-practice industry ideas relating to film production and promotion across the regions, while also fostering deeper cultural understandings.
“Hopefully this collaboration will also lead to more common content development and co-productions of TV series and film projects between India and the Nordic countries,” said Mikael Svensson, vice president of Nordic Film Commissions.
India has only limited appeal as an international filming location due in part to a lack of incentive support. However, the country has one of the world’s largest domestic production industries and frequently films movies and other types of content in the Nordic regions as producers search for exotic cold-weather locations and visually-striking urban environments.
Iceland is the international production hub of the Nordic regions, with wilderness locations easily accessible from Reykjavik and backed up by generous incentive support.
Finland and Norway have launched their own, more limited incentive programmes in the last couple of years and Norway is on track to host location filming for the new James Bond movie.
India signs filming pact with Nordic commissions | KFTV News
India rupee hits two-and-a-half months high as inflows surge; RBI not spotted
@Nilgiri
"so sad... so bad"..
USD - INR
1 - 69.58 (As on March 13 2019)
@Nilgiri
"so sad... so bad"..
USD - INR
1 - 69.58 (As on March 13 2019)
In a twist of fate:
"Foreign inflows into Indian stock markets have surged after the odds of Prime Minister Narendra Modi coming back to power for a second term increased on the back of a wave of patriotism following India's military strike on Pakistan in retaliation for a suicide attack in the disputed Kashmir region."
Looks like even our economy is boosting based on this attack and stand off.
"Foreign inflows into Indian stock markets have surged after the odds of Prime Minister Narendra Modi coming back to power for a second term increased on the back of a wave of patriotism following India's military strike on Pakistan in retaliation for a suicide attack in the disputed Kashmir region."
Looks like even our economy is boosting based on this attack and stand off.
I will be updating it to the economics analysis I'm working on. It should be out sometime this week/weekend hopefully.
Holds true for elite white collared keyboard warriors. The ground reality.... Lakdi ki Kathi, lohe ki hathoda, naukri nahi mili toh bhejo pakoda.
So what do unskilled, semi literate blue collared workers do? Bang codes on keyboards?
