Nilgiri
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Indian Economy-News & Updates
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Novice09
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Demonetization...
While some people keep calling it a black spot on Indian economy... I feel that it was revolutionary...
I've seen BPL CARD HOLDERS depositing upto 15/20 lakhs in their accounts, combined... Filing ITR...
Overhauling of Indian economy was complete with implementation of GST... Followed by cash payment limits...
Several other small steps like tight scrutiny on purchase of immovable property and gold by IT dept... also played its part...
The boost is because of MORE lending by banks...
Nilgiri
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Yes demonetisation was a long run move....it will be judged better as years go by. The number of individual tax filings for example is already showing growth that would not have otherwise happened to same degree. People always deflect to realise tax amount....but to me starting paper trail is much more important in long run for country at India's inflection point and trajectory.
GeraltofRivia
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Indeed a interesting development. I guess it could be driven by the fact that people realize that the middle range hatchbacks has a better price/quality ratio than the entry level ones, which is regarded as cheap and less reliable. It could also because the bulk of middle class is upgrading in terms of buying power and their preferences.
I guess the learning is that middle class developing countries and India in this particular case is extremely dynamic in terms of both purchasing power and preferences, things can change really quickly. The car makers need to be very agile and have a complete product range to cater different needs.
Nilgiri
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Yeah I think 2020 - 2030 timeframe is when the real bulk is added to middle class finally in India. Let's see.
kmc_chacko
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Everyone upgrading according to their social status & financial position, which is a good sign for long term.
CHN Bamboo
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Growth in 8 core sectors dips to 0.2% in June, near 4-year low
https://timesofindia.indiatimes.com...june-near-4-year-low/articleshow/70473620.cms
HIGHLIGHTS
NEW DELHI: Growth in the eight key core sectors slowed to 0.2% in June — the lowest since December 2015 — dragged down by a contraction in four segments and pointing to a slowdown for overall industrial growth. Data released by the commerce and industry ministry on Wednesday showed the eight core sectors — spanning coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity — rose an annual 0.2% compared with 7.8% in June 2018 and lower than the previous month’s 4.3%.
- Data released by the commerce and industry ministry on Wednesday showed the eight core sectors rose an annual 0.2% compared with 7.8% in June 2018
- Several crucial segments of the economy such as automobiles are in the grip of a slowdown
Growth during April to June was 3.5%, lower than the 5.5% posted in the year-ago period. The core sector accounts for 40.2% of the index of industrial production and the slowdown in June will impact the factory output data for June, which will be released later in the month. Economists said they expect overall industrial output growth to remain muted in June, which may prompt the Reserve Bank of India to cut interest rates.
Several crucial segments of the economy such as automobiles are in the grip of a slowdown and pose a challenge for policymakers to unveil policies to boost growth.
The central bank has cut interest rates three times in a row and changed its stance to accommodative from neutral, indicating more cuts if needed. “For May 2019, core sector growth was also revised lower from 5.1% to 4.3%. The high base effect is likely to have a bearing on core sector growth in coming months. Owing to that, we expect IIP to grow in the range of 4.5-5% during FY20,” said Madan Sabnavis, chief economist at Care ratings.
The monetary policy committee had noted in the June review that growth impulses had weakened significantly as reflected in a further widening of the output gap compared with the April 2019 policy. A sharp slowdown in investment activity along with a continuing moderation in private consumption growth is a matter of concern, the MPC had said.
Experts say that measures unveiled in the July budget will help boost growth. The data showed that crude oil, natural gas, refinery products and cement contracted in June, pulling down overall growth. The electricity sector rose 7.3% during the month, compared with 7.3% in the previous month and 8.4% in the year earlier month. Since August last year, the sector has remained sluggish.
“Marginal core sector growth, combined with contraction in both auto production and non-oil merchandise exports, suggests that IIP growth would be muted at around 1% in June 2019,” said Aditi Nayar, principal economist at ratings agency ICRA.
“Overall, there is limited visibility of a broad-based improvement in the Indian industrial outlook. The core sector data further strengthens the likelihood of a repo rate cut in the August 2019 policy review,” said Nayar.
https://timesofindia.indiatimes.com...june-near-4-year-low/articleshow/70473620.cms
Hindustani78
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The Union Minister for Petroleum & Natural Gas and Steel, Shri Dharmendra Pradhan meeting the newly appointed Saudi Minister of Energy, Prince Abdulaziz bin Salman, in Jeddah, Saudi Arabia on September 09, 2019.
The President of Union Government of India, Shri Ram Nath Kovind being received by the dignitaries on his arrival, at Keflavik International Airport, in Reykjavik, Iceland on September 09, 2019.
Bilal9
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Couldn't Ram Nath at least put on a nice tie??
Shabby to say the least - President of the Union Govt. looks like a homeless guy.
Before Shyam Sevak's jump in - I'd say the same thing for Bangladeshi or Pakistani politicians. It seems however, that this type of shabby outfits are endemic to Indian politicians only.
If you have to represent a Super power - then dress the part at least...
koolzberg
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koolzberg
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Forex kitty nears USD 440 bn; touches fresh-life high
The forex kitty continued to climb north, swelling by USD 1.879 billion to a new life-time high of USD 439.712 billion, in the week to October 11, the Reserve Bank said on Friday.
The forex reserves had increased by a higher USD 4.24 billion to a new high of USD 437.83 billion in the previous reporting week.
For the week under review, the foreign currency assets, which are the biggest part of the reserves, increased by USD 2.269 billion to USD 407.88 billion, the RBI said.
Expressed in US dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and the yen held in the foreign exchange reserves.
The value of the gold reserves dipped by USD 399 million to USD 26.778 billion for the week, the RBI said.
The special drawing rights with the International Monetary Fund rose USD 2 million to USD 1.431 billion during the week.
The country's reserve position with the Fund also increased by USD 7 million to USD 3.623 billion, the data showed.
https://economictimes.indiatimes.co...ches-fresh-life-high/articleshow/71655100.cms
The forex kitty continued to climb north, swelling by USD 1.879 billion to a new life-time high of USD 439.712 billion, in the week to October 11, the Reserve Bank said on Friday.
The forex reserves had increased by a higher USD 4.24 billion to a new high of USD 437.83 billion in the previous reporting week.
For the week under review, the foreign currency assets, which are the biggest part of the reserves, increased by USD 2.269 billion to USD 407.88 billion, the RBI said.
Expressed in US dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and the yen held in the foreign exchange reserves.
The value of the gold reserves dipped by USD 399 million to USD 26.778 billion for the week, the RBI said.
The special drawing rights with the International Monetary Fund rose USD 2 million to USD 1.431 billion during the week.
The country's reserve position with the Fund also increased by USD 7 million to USD 3.623 billion, the data showed.
https://economictimes.indiatimes.co...ches-fresh-life-high/articleshow/71655100.cms
GHALIB
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but dollar is altime high on 71 to 72 .
lol .lol ...
you must have impressed your bosses by impressive tie?
Bilal9
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lol .lol ...
you must have impressed your bosses by impressive tie?
Yes I have. And not only with just ties. It has to be the whole package.
Bundling a shabby scarf around the neck like Ramnath did at the picture above, he insulted the whole country of India he represents.
To earn professional respect from Western folks (and bosses especially), you have to understand the subtlety of Western cultural nuances, and one of these are to 'dress to impress'. Clothes should be 'appropriate to the occasion' and NEAT. Which means picking clothes (by casual or degree of 'dressy') as calls for the occasion at hand. Which means no tweed jackets at gala formal evenings. Sunday mornings at the links, no one minds tweeds.
Casual is another subject but let's talk about dressy occasions (like weddings and formal get togethers) first.
Clothes do not need to be expensive, but they will need to be spotlessly clean and neatly starched and pressed. Collars should be pressed stiff (not floppy) with metal stays inserted. French or European wide collars need a substantial double knot.
Cuff whites of shirts should show just the right amount (one third cuff) out of arms of jackets, tie knot needs to be 'dimpled and flowered' properly (more important if bow tie), handkerchief and tie matched to a 'tee' etc. etc.
Patterned tie only with solid shirt and vice versa but colors should match or complement.
White-on-white patterned shirt textiles are considered 'de rigeur' and not preferred by Caucasian types.
Diagonal stripes in ties should be limited to max three colors and limited to traditional British REPP patterns. Flowered paisley ties are not favored these days. Avoid cartoon character or Disney ties unless you want to appear like a clown.
Avoid tie pins, or any shiny jewelry around ties - denotes lower class taste. Just how it is.
Desi folks excel in a lot of things but a lot of Desi folks (including those who went to convents and grammar schools) don't know the basics of how to dress properly in Western fashion. Just intellect is not enough.
Clothes make the man (even today) and impresses bosses, and (in mixed company) even millennial and x-generation women.
Being a Desi guy - I intend to one-up non-Desi guys by a large degree in the clothes dept. That is how it should be.
Just my personal opinion. I could go on and on but I digress. Questions are welcome.
Last edited:
koolzberg
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India's forex reserves rise by $1.8 bn to a new lifetime high of $442.5 bn
India's forex reserves increased by $1.832 billion to a new lifetime high of $442.583 billion in the week ended October 25, helped by a jump in core currency assets and value of gold, RBI data showed on Friday.
The overall kitty had expanded by $1.04 billion to $440.751 billion in the previous reporting week.
For the week under review, foreign currency assets, which are the biggest part of the reserves, increased by $1.642 billion to $410.453 billion, as per the data.
Expressed in US dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and the yen held in the foreign exchange reserves.
The value of the gold reserves increased by $191 million to $27.052 billion for the week.
The special drawing rights with the International Monetary Fund was up by $1 million to $1.441 billion.
The country's reserve position with the Fund dipped by $2 million to $3.637 billion, the data showed.
https://www.business-standard.com/a...high-of-usd-442-5-billion-119110101413_1.html
India's forex reserves increased by $1.832 billion to a new lifetime high of $442.583 billion in the week ended October 25, helped by a jump in core currency assets and value of gold, RBI data showed on Friday.
The overall kitty had expanded by $1.04 billion to $440.751 billion in the previous reporting week.
For the week under review, foreign currency assets, which are the biggest part of the reserves, increased by $1.642 billion to $410.453 billion, as per the data.
Expressed in US dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and the yen held in the foreign exchange reserves.
The value of the gold reserves increased by $191 million to $27.052 billion for the week.
The special drawing rights with the International Monetary Fund was up by $1 million to $1.441 billion.
The country's reserve position with the Fund dipped by $2 million to $3.637 billion, the data showed.
https://www.business-standard.com/a...high-of-usd-442-5-billion-119110101413_1.html
Black Tornado
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IIT-Kanpur Linked Noida-Based Startup Receives Bulk Order From Tesla India For Portable Smart Inverters
Oxy Neuron India Pvt. Ltd, a Noida based startup, has received its first order for ‘Magic Box’ Smart Lithium wall mount portable inverter from Tesla India.The company claims 15-year battery life and a five-year battery replacement guarantee on portable smart inverter that can also be used as an...
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