Anil Ambani thanks elder brother Mukesh Ambani for paying Ericsson dues
Motabhai to the rescue.
@Milspec ; @randomradio
Motabhai to the rescue.
@Milspec ; @randomradio
Indian Economy : News,Discussions & Updates
- Thread starter Butter Chicken
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Nothing unexpected.
Not to mention, people will speak badly of Mukesh if he let his brother go to jail for a 'measly' sum.
is this in return for US support? US has been trying to "isolate" Venezuela for a while now - since the 2 presidents have been duking it out.
That's the point, I think we are on the wrong side here. Maduro doesn't want to trade in Indian rupees, US won't give waiver like for Iranian oil. He sold off 40% gold reserve last year to Turkey, UAE etc. At present its better to stay neutral, not to buy Venezuelan oil to avoid sanctions. Things may escalate now.
India's Rupee Just Went From Asia's Worst to Best Currency
(Bloomberg) -- Asia’s worst-performing currency took five weeks to become its best.
The turnaround has been fueled by the improved chances of Prime Minister Narendra Modi winning a second term amid recent tensions between India and Pakistan. The optimism has led to local shares and debt luring robust flows, which have turned the carry-trade returns on the rupee to the highest in the world in the past month.
(Bloomberg) -- Asia’s worst-performing currency took five weeks to become its best.
The turnaround has been fueled by the improved chances of Prime Minister Narendra Modi winning a second term amid recent tensions between India and Pakistan. The optimism has led to local shares and debt luring robust flows, which have turned the carry-trade returns on the rupee to the highest in the world in the past month.
What do you make of this @Nilgiri?
CMIE
Casual farm labour shrinks by 40% since 2011-12, total job loss nearly 3 crore: NSSO data shows
CMIE
Casual farm labour shrinks by 40% since 2011-12, total job loss nearly 3 crore: NSSO data shows
It is to be expected. Says roughly represents 10% of rural households (with major income from casual farm labour).
If you go to south especially, huge amounts of farming have been mechanized. Before it was just Punjab area traditionally (during say pre 1991 phase). Now you can add South to it and increasingly West (MH + Guj)...and I am sure the last phase will be the sweeping of the phenomenon into central heartland and ganges plains etc once wealth has been gathered in enough intensity there to invest into such assets in large scale.
This is why its important that as much light industry, manufacturing and city service jobs etc are allowed to flourish in India. If you allow market to operate in agriculture more and more....the same must be down for every other economic activity and sector (along with good access to quick training etc)....so that people can move to jobs there that have been displaced readily in Agriculture.
In the article it shows, more formalised contract labour + self-employed rural stuff can only pick up so much of the slack.
If managed well, this will all propel urbanisation from the 33% level it is at now to say a solid 50% level....which will help realise more economies of scale.
With a massive push for upgrading rural infrastructure to the level of urban, value additions at rural level itself will start to happen in a big way with the products reaching the urban markets
Otoh, formal jobs are being created in decent numbers.
8.96 lakh jobs created in January, 76.48 lakh in last 17 months: EPFO payroll data - Times of India