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WAP5 testing Day at various European Facilities
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With Swiss Cousin LOK 2000
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Final Assembly
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Shells being unloaded for electrical assembly
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Road transportation of Shells
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Trials at ABB works


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Notice Multi Gauge Tracks for testing
 
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Arvind Panagariya sees good monsoon and reforms pushing growth to 8% this year

NEW DELHI: India's economy will accelerate to 8 per cent growth in the current financial year thanks to a good monsoon, policy reforms and PM Narendra Modi's focus on implementation at the grassroots level, Niti Aayog Vice-ChairmanArvind Panagariya told ET in an interview. And, unlike most others, he also sees private investment doing better this year.

He also said India has strongly opposed the language of the draft on intellectual property protection to be taken up at the upcoming G20 meeting in Beijing, signalling the government's firm stand against any move by developed nations to undermine the flexibility the country enjoys under the existing multilateral regime. The eminent economist is also India's Sherpa at G20.

Panagariya expects growth to hasten from 7.6 per cent in FY16.

"I feel we should cross 8 per cent because nothing I see takes away from what we had last year," Panagariya said. "Good monsoon is a big mood lifter and so are the series of reforms carried out though they have a lag effect."

Private investment should also pick up this year. "You will begin to see a little turnaround in the sectors that were really down, for example steel and construction sector. It is not obviously upbeat but these sectors are getting out of that mood," he said.

While the prime minister's focus is on execution and implementation, changes in land and labour laws will happen only when the government has numbers in the Rajya Sabha, where it currently lacks a majority.

"These have to happen through states," he added, while pointing out that some states were already framing progressive labour and land laws.

With regard to G20, he said India has maintained that its policy on intellectual property rights (IPR) is consistent with the agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS).

According to Panagariya, the IPR framework being proposed at G20 is not TRIPS-plus in the explicit sense but there is some language that could be subject to interpretation and the view is not to leave any room for ambiguity.

"There is a certain flexibility that we have under the TRIPS agreement and anything that dilutes that flexibility is not acceptable to India," Panagariya said ahead of the G20 summit in China on September 4-5. "Right now, these documents have some language where people in DIPP (Department of Industrial Policy & Promotion) feel that it impinges a bit. We have to fight it out at the summit."

In recent years, developing countries have faced pressure to include restrictive conditions in patent laws other than those required by the TRIPS agreement. These are known as TRIPS plus provisions. Also, the US has repeatedly raised concerns over India's patent regime.

http://economictimes.indiatimes.com...rowth-to-8-this-year/articleshow/53918645.cms
 
हरे कृष्ण हरे कृष्ण,कृष्ण कृष्ण हरे हरे
हरे राम हरे राम, राम राम हरे हरे
30-08-2016

#Economy:The motor vehicle dealers would have to mandatorily quote the PAN number of buyers other than two-wheelers according to the provisions of new income tax rules which came into force from January, 2016.The dealers would also have to furnish details of cash transactions above Rs two lakh for buyers who do not have PAN cards in separate forms.

#Finance:The revised tax treaty with Mauritius, which allows India to tax capital gains on investments routed through the island nation, will tackle round tripping of funds and curb tax evasion.

#As part of its 'naming and shaming' policy to curb tax evasion, the Income Tax Deptt may soon go on to publish names of even those taxpayers who have a 'chronic' default of Rs one crore and above.

#Mera Bharat Mahaan:The total amount of payments and settlements for the year 2015-16 done electronically has reached a record high according to data released by the Reserve Bank of India in its Annual Report.

भारत माता की जय
 
Power Grid to electrify 1,000 km of rail tracks on pilot basis

Press Trust of India | New Delhi August 28, 2016 Last Updated at 13:42 IST

Power Ministry is looking to engage Power Grid Corp (PGCIL) to electrify 1,000 km of rail tracks on a pilot basis, as part of plans to energise 35,000 km of unelectrified lines.

The electrification project will help the government cut down crude imports and also ensure faster movement of trains on these tracks.


In the first phase, the electrification project will cover 16,000 km of busy tracks out of 35,000 km of unelectrified lines in the country. The electrification of tracks will helprailways save around Rs 8,000 crore annually.

Indian railways consumes around 2.8 billion litres of diesel annually, costing around Rs 18,000 crore -- nearly 18 per cent of its working expenses.

"The Railway Ministry has started work on it (rail electrification). In a small pilot, we will involve PGCIL because we have not done this in the past," Power Minister Piyush Goyal told PTI.

Goyal further said, "We are discussing that first PGCIL will do a pilot of 1,000 km to assess its capability. Railways has assessed that it is viable for doing electrification of around 16,000 km of tracks."

However, the diesel consumption on remaining 19,000 km of unelectrified tracks is not much. Thus the investment on electrification of these tracks will not offset savings.

Earlier in March this year, Goyal had announced the government's plans to electrify 35,000 km tracks by state-owned power companies over a period of three years.

He further said, "We are going to stop production of diesel locomotives that is the decision which Suresh ji (Railway Minister Suresh Prabhu) will take quickly. I hope that it (electrification) would be done in the next three years. I want to do it in three years."

The minister had also said, "Rs 1 crore per km is the current cost of rail electrification. If we do it in three years, the cost will come down to half. But it cannot be less than 30-35 per cent. The Power Ministry will spend entire money."

According to the Minister, the electrification of entire rail tracks in the country will lead to power consumption going up by 7 billion units.

Railways, which procures power from distribution companies, spends about Rs 12,300 crore a year to purchase 17.5 billion units of electricity.

On the power front, railways is planning to save Rs 3,000 crore in sourcing electricity by proposing to procure power through competitive bidding.

Besides, the Railways has also rolled out plans to set up 1,000 MW solar power plants at railway lands and rooftops of railway buildings with support from the Ministry of New and Renewable Energy over the next five years.

http://www.business-standard.com/ar...ail-tracks-on-pilot-basis-116082800285_1.html
 

LeEco inaugurates Manufacturing Facility in Noida, India under Make in India Initiative


LeEco, the Chinese technology company which entered the smartphone market in just 2015, had risen to one of the top online brands in China. In January this year, the company launched two of it smartphones – Le 1S and Le Max in India, their first market outside of China. With the huge popularity of its budget devices, the company also recently launched the Le 2 and Le Max 2 in India. Till date, the company is just importing all their devices from China but with the Indian Government’s “Make in India” initiative, today the company inaugurated its first manufacturing facility in Noida, India.

The company is starting with a small capacity of 60,000 devices per month and will be ramped in the coming months. After entering in India market in January 2016, now the company had sold more than one million handsets. Earlier at the Le 1s Eco launch, the company also announced to set up Content Delivery Networks (CDN) in 10 Indian cities by the end of 2016. As the company bets big on content, all the CDN’s will help them in providing seamless distribution.

Soon the company will also set up its own franchise showrooms covering all over India. Earlier to LeEco, Xiaomi and Gionee started their manufacturing in India from last year while Vivo and OPPO began their manufacturing process from 2016. Recently Xiaomi launched their latest Make in India smartphones – Redmi 3S and Redmi 3S Prime. Both Gionee and Xiaomi uses the Foxconn’s plant in Sri City, Andhra Pradesh for manufacturing their devices.

Just like Xiaomi, LeEco also sells their smartphones through their own online store LeMall along with other e-commerce sites. While Xiaomi is yet to launch their Smart TV’s in the Indian market, LeEco also jumped into the TV market by launching the Super3 4K UHD SmartTV’s.

http://phoneradar.com/leeco-inaugurates-manufacturing-facility-noida-india-india-initiative/
 
Phones worth Rs 94K cr to be made in India in FY17: Prasad

August 30, 2016 | UPDATED 19:35 IST
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New Delhi, Aug 30 (PTI) Around Rs 94,000 crore worth of mobile phones are expected to be assembled in India this year, a jump of 74 per cent over last fiscal, government said today.

"In terms of value, it (mobile phone manufacturing) has increased by 185 per cent. In 2014-15, mobile phones worth Rs 19,000 crore were made in India. In 2015-16, it increased to Rs 54,000 crore," IT Minister Ravi Shankar Prasad said at an event here.
The number is likely to touch Rs 94,000 crore in 2016-17, he added.

In volume terms, only six crore units of mobile phones were manufactured in 2014-15 in the country, which reached 11 crore units in 2015-16, rising 83 per cent.

Prasad said the government has set up dedicated Electronic Manufacturing Clusters (EMC) in different parts of India for enhancing electronic manufacturing.

"We offered better tax regime and incentives under MSIPS for electronics manufacturing in India," he said.

As a result of these steps, he added, FDI in electronic manufacturing touched an all-time high of Rs 1.23 lakh crore in 2016 from Rs 11,000 crore in 2014.

India is one of the fastest growing smartphone markets globally. During the second quarter of 2016-17, smartphone market in developed countries grew at 4.3 per cent, while that in developing markets (other than India) was up 9.9 per cent.
The Indian smartphone market grew 15 per cent.

Helped by various government schemes to promote local manufacturing, 25 handset makers have started their production in India.

Also, 37 new mobile phone manufacturing units have already come up, while 37,500 new jobs have been created, Prasad said inaugurating the new manufacturing facility of Chinese phone company LeEco.

http://indiatoday.intoday.in/story/...be-made-in-india-in-fy17-prasad/1/752564.html

 
Adani's solar equipment mfg facility may commence by year-end

Gautam Adani-led Adani Enterprises is expecting to commission the first phase of its solar power equipment facility being set up in Gujarat by year-end, a senior company official said

PTI | Aug 30, 2016, 04.52 PM IST


53929240.cms


Mumbai: Gautam Adani-led Adani Enterprises is expecting to commission the first phase of its solar power equipment facility being set up in Gujarat by year-end, a senior company official said.

"The first phase of the project in which we are manufacturing solar modules and solar photo-voltaic cells is expected to get commissioned by the end of 2016," the company's Chief Executive, Solar Manufacturing, Samir Vora told reporters here today.

In the first phase, the company, which has set up a special purpose vehicle (SPV) Mundra Solar PV for the project, is setting up 1,200 MW of manufacturing capacity and will invest Rs 2,000 crore.

"Our plan is to set up the country's largest vertically integrated manufacturing facility to support solar power ecosystem of India and create an end-to-end solar power play from manufacturing to generation," he said.

In the second phase, Vora said, the company will not only enhance the capacity to 2,000 MW but also manufacture other components like silicon wafers, PV back sheets among others.
The second phase of the project is likely to go operational in the second quarter (April-June) of 2017.

"This facility will vertically integrate all aspects of solar panel production on site, including polysilicon refining, ingots, wafers, cells, PV back sheets and panels production, with a broader ecosystem involving extended supply chain for raw materials and consumables," he said.

Vora further said over a period, the company may also consider exporting the products to markets like the USA and Europe.

"There is a good demand for these products in the domestic as well as international markets. Once we have sufficient capacities, we will consider exporting them to markets like the USA and Europe," he added.

At present, the company has a constructed solar power generation capacity of 648 MW in Tamil Nadu and plans to increase it to 10000 MW by 2022.

http://energy.economictimes.indiati...fg-facility-may-commence-by-year-end/53929131
 
I will miss RR!...but his successor has good continuity at least.


@Bilal9

@Dungeness This is a brief synopsis from what we discussed on the other thread.
 
Thanks for sharing.

He seems to be on conservative side and more cautious about his words, in relative to your financial minister. I agree with him "implement, implement, implement". I said it before, India never lacks plans, it lacks implementation of plans.

What happened to him? Quitting?
 
Thanks for sharing.

He seems to be on conservative side and more cautious about his words, in relative to your financial minister. I agree with him "implement, implement, implement". I said it before, India never lacks plans, it lacks implementation of plans.

What happened to him? Quitting?

Yah he is finishing his tenure and being replaced by his right hand guy Urjit Patel soon.

Mind you he will still be in touch I imagine...the two have worked quite closely together in the past few years....Urjit did much of the leg work in a lot of the policy making details...and I am sure he will still talk to RR (who I think is going back to teaching) a lot for advice and consultations etc.
 

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