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Kiss my shiny Metal ass
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Surely better than the current garbage system where 3 different organisations clash. A directly elected mayor will be more inclined to do a proper job as he will be the direct scapegoat for shitty roads and garbage on the streets. Also what system does Surat use? The city looks so much cleaner and better designed than typical indian cities. I see tree lined avenues, wide roads, proper sidewalks etc. Bad drivers and faded lane markings can be fixed easily



I think you mistake corruption and apathy with incompetence. In India, people vote on the basis of caste, clan, creed and sops incoming government can offer them. Same for a mayoral elections. I fear a mayor would be just as corrupt and incompetent as current officials and he/she will win reelections on the basis of other things.

Problem is not the system, it is the people.

Just look at Village panchayat. Absolute failure and cesspool of corruption.
 

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corruption and apathy with incompetence, In India
Prior to the entry of Islamic hordes and Britain into India, the nation state was ruled by Maharajas who were in charge of India's governance and prosperity. By all accounts India was doing well, its world GDP ratio was high and its culture/customs were propagated elsewhere around the world.

At Independence we inherited a system that the Brits put in place which in overall terms was meant to loot the wealth of the nation. The custodians who were in charge of the transition were groomed in Britain, understood the system and generally were malleable towards the Brits. It has been several decades of such rule. The troika of politicians, enforcement agencies (police and courts) and babucracy perpetuated the system and hence we have apathy, incompetence (sometimes deliberate) and of course mind boggling corruption. Other nations have a few of them but not all. Only in the last 2-3 decades there has been awareness of issues, some were egregious like in the 90s when India was almost bankrupt. We have to examine the entire system of Judiciary, Administration, political power (mostly occupied by extreme thugs of society) and general governance. These take time and requires a will to change.
 

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March quarter current account ends in a surplus after more than a decade

For the fiscal year 2019-20, the current account deficit narrowed to 0.9 per cent of the GDP compared to 2.1 per cent in FY2018-19, the central bank said.The deficit in the crude and product import deficit was higher by 9 per cent during the quarter. But a 9 per cent rise in software services income to $21.1 billion and an 14 per cent rise in inward remittances to $ 18.6 billion, helped the current account end in a marginal surplus.

For the entire fiscal 2019-20m the current account deficit narrowed to 0.9 per cent of GDP in 2019-20 from 2.1 per cent in 2018-19 on the back of the trade deficit which shrank to US$ 157.5 billion, RBI said. 2019-20 from US$ 180.3 billion in 2018-19. The overall balance of payments ended in a surplus of $59.5 billion compared to a deficit of $3.3 billion in 2018-19.
 
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For the fiscal year 2019-20, the current account deficit narrowed to 0.9 per cent of the GDP compared to 2.1 per cent in FY2018-19, the central bank said.The deficit in the crude and product import deficit was higher by 9 per cent during the quarter. But a 9 per cent rise in software services income to $21.1 billion and an 14 per cent rise in inward remittances to $ 18.6 billion, helped the current account end in a marginal surplus.

For the entire fiscal 2019-20m the current account deficit narrowed to 0.9 per cent of GDP in 2019-20 from 2.1 per cent in 2018-19 on the back of the trade deficit which shrank to US$ 157.5 billion, RBI said. 2019-20 from US$ 180.3 billion in 2018-19. The overall balance of payments ended in a surplus of $59.5 billion compared to a deficit of $3.3 billion in 2018-19.
India should not focus on trying to control imports. Our focus should be on maximizing exports through increasing global competitiveness of Indian industry. That is the only way the economy grows. Trade deficits are not necessarily a bad thing. The US economy ran the largest trade deficit in the world but before Covid 19 yet their economy experienced unprecedented expansion. Despite what Donald Trump said unemployment in the US has been historically low since the 1990's to 2020, with the exception of a year post 2008 financial crisis. But lets face it that was due to Wall street's mismanagement. I would not be counting out the US economy yet, especially once the pandemic is over. India will be a massive benefactor of an expanding western economies, especially considering the new geopolitical dynamics with China.
 

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I also don't really understand why anyone anywhere would support the left-wing in the current climate. You've got a lot of the marginalized minority groups (women, LGBTQ...) falling behind right-wing politics and the "myth" of South Indian left wing politics has also been shattered.
 

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Unemployment fell and manufacturing downturn has been eased in June and stabilized.
The IHS Markit India Manufacturing PMI was 47.2 in June from 30.8 in May.
 
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Reliance is buying the future group which has largest retail store chain in India. If this pace continues, Ambani will soon buy half of India too
 

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Higher economic activity will help increase revenue flow: Finance secretary

On the third anniversary of the launch of GST on Wednesday, the latest collection numbers indicated that economic activity was slowing getting back to normal after the lockdown. In an interview, finance secretary Ajay Bhushan Pandey tells TOI about how the government is looking to the make the system more robust. Excerpts:

GST collections in June are over Rs 90,000 crore. How do you look at the numbers? Do you see it as a sign of recovery?

The numbers are nearly 90% of the average monthly collection of the last year and it is because the domestic collections have done well. Against collections of Rs 76,000 crore in June 2019, we have managed around Rs 74,500 crore. On the import side, at Rs 16,500 crore, it is almost 30% lower than the corresponding period last year. Although things seem to be looking better in terms of the economic activity, the collections in June also reflect a part of the payments for previous months as we had given an extended deadline for those months on account of COVID-19. The overall trends are encouraging because we had lockdown in a large part of May and in June there was higher activity, which will show in next month’s collections.

What do you expect in the remaining part of the year?

People are learning to live with Covid after the economy was unlocked. There is an increase in economic activity and revenue is expected also grow proportionately. If you look at last year, nominal GDP growth was around 7.5%, while domestic GST collections grew by around 9%, despite some slowdown in the economy and mid-year reduction in tax rates. It shows that the system is working; people were able to file their returns and pay taxes despite the lockdown. In the coming months, we need to continue this trend.

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One measure of activity in the nation is measured by GST collection. This is quite encouraging that month of June picked up to 90,000 crore mark. March was around 97K crore.

 

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Chennai records healthy rate of warehouse leasing activity

The previous year witnessed transactions of 4.2m square feet, and the report attributes this year’s decline to a dearth of quality supply and the slowdown in auto sector.


CHENNAI: Chennai saw a healthy warehouse leasing activity of 3.4 million square feet with the manufacturing industry accounting for 53 per cent of all transactions, according to the ‘India Warehousing Market Report 2020’ report by Knight Frank India, a global real estate consultancy.

The previous year witnessed transactions of 4.2m square feet, and the report attributes this year’s decline to a dearth of quality supply and the slowdown in auto sector. The report predicted that the pandemic crisis underway will have adverse effects on the warehousing sector.

The manufacturing industry accounting for 53 per cent of all warehousing transactions, triggered an activity spike in the Sriperumbudur - Oragadam cluster, as it is Chennai’s manufacturing hub.Warehousing activity in Chennai is concentrated in three clusters — one expanding over the south-west and west of the city, second stretching across the city’s northern belt and the third spreading across Chennai’s south region. It is learnt that the warehousing asset class in Chennai witnessed a robust compounded annual growth rate of 22 per cent for the period 2017-2020.


According to the report, Chennai’s warehousing current stock is reported to be 24 million sq ft with a potential of expansion to 49 million sq ft on the committed warehousing land parcel of 2,361 acres in Chennai. Knight Frank India Senior Director (Tamil Nadu and Kerala) Srinivas Anikipatti said that rentals remained largely stable through the previous financial year with the marginal appreciation in some pockets of the Sriperumbudur - Oragadam cluster driven by an increase in warehousing demand of engineering and manufacturing companies. “On the whole, the outlook remains positive for Chennai warehousing market and it is likely to see robust growth in the next financial year,” he said.
 
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