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This is all the helicopter money which is getting pumped, there is no real change in fundamentals , no major change to attract investments.
Not sure , when they will pull back their money, the bloom and gloom messages for the past 3-4 months is not real.
This makes no sense. India had to store 80 billion dollar in forex reserves in last 6 months so that value of rupee doesn't appreciate.
Sensex, nifty is also reaching all time high everyday. India is predicted to reach 50,000 in sensex by next month.
 

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^^Seems like India is the only country pursuing goals set during Paris agreement.
We set realistic goals. Others didn't and this will win us some rewards in Climate circles. Doesn't matter as such but it shows how setting realistic targets and being grounded are better than setting unrealistic targets and then getting into blame games.
 

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This makes no sense. India had to store 80 billion dollar in forex reserves in last 6 months so that value of rupee doesn't appreciate.
Sensex, nifty is also reaching all time high everyday. India is predicted to reach 50,000 in sensex by next month.
One reason why Rupee kept appreciating I guess is due to the complete collapse of imports. With demand rising once again it remains to be seen if Imports grow along with it.
 

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Atmanirbhar move: Tata Steel to source entire domestic requirement from Hind Zinc

Tata steel, the country’s oldest producer, has signed a Memorandum of Understanding to procure its complete domestic zinc requirements from Hindustan Zinc, India's largest and the world's fifth largest zinc producer.


The move has paves way to bolster the idea of Aatmanirbhar Bharat with one of the largest companies choosing to become ‘vocal for local’.

Selling public sectors to corporates for a song seems to be mantra for this government. And these corporates eventually send their profits abroad either by simply absconding with govt cooperation (all those nirav modis and kingfisher guy) or swiss banks or property acquisition.
 

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Selling public sectors to corporates for a song seems to be mantra for this government. And these corporates eventually send their profits abroad either by simply absconding with govt cooperation (all those nirav modis and kingfisher guy) or swiss banks or property acquisition.
Is this guy even serious? When is your monkey type blabbering gonna stop? Government should not sell PSUs keep on being incompetent because some people were fraud. By that analogy no one should give birth to humans also, because some nincompoops (eg- you) are born every year.
 

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According to global times, India is going to lift the requirement for government approval on FDI for neighbouring countries.
It is bad if they walk back on that decision. They should wait until the situation improves on the ground on many levels. Also, these investments may suffer as consumers may be wary of buying the products. Flip-flops on investment policies may also leave a bad taste among international investors as they expect consistencies. The alternate investments through PLI and other means should allow us to make up for any lost investments due to the government approval/disapproval for neighbouring country investments.
 

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October Data from PIB.GOV.IN



India needs to work on closing the merchandize gap of a deficit.
 

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Is there any site/link which gives us the real revenue of Indian government (both center & state) over the past 20 years in both USD & INR?
 

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October Data from PIB.GOV.IN



India needs to work on closing the merchandize gap of a deficit.
Indian services data is completely unreliable. The actual exports maybe one fourth of what is reported. It is basically due to way india counts software exports without counting for fact that a lot of work is done onsite without any real money movement to india. For example india reports $80 -$90 bilion of software exports alone to USA whereas USA reports just $29 billion ENTIRE service imports from india for 2019.

 

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Union IT and communications minister Ravi Shankar Prasad said Apple has come to India in a big way. At the inaugural session of the 23rd edition of the Bengaluru Tech Summit held virtually on Thursday, he said that even during the Covid period, “nine operating units, along with component makers, shifted from China to India”. Prime Minister Narendra Modi on Thursday said it is time for tech solutions that are designed in India but deployed for the world, and the country is uniquely positioned to leap ahead in the information era. Prasad had said earlier that Samsung, Foxconn, Rising Star, Wistron and Pegatron were filing applications under the PLI scheme. While lockdown and travel restrictions have kept people away from the workplace, the resilience of the technology sector was visible which ensured uninterrupted work from home. The high amount of technology adoption is there to stay. Challenges bring out the best in people, perhaps it is relevant to India’s techies. When there is a demand in customers or deadlines, you would have noticed the best solution comes out.
 

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...It is expected that India’s GDP will grow at 9.8 per cent on-year in 2021, after contracting 5.7 per cent on-year in 2020, said a report by Morgan Stanley...
 

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From Bengal thread

Oil find at Ashoknagar on Centre s radar

Kolkata: Union Petroleum Minister Dharmenda Pradhan Thursday said he will soon visit Ashoknagar in West Bengal, the site of oil and gas discovery and review the project. Oil and gas was discovered at Ashoknagar in North 24 Parganas district two years ago.

Pradhan said he was briefed by ONGC that the site holds potential for commerical exploitation. ONGC in one of the exploratory fields at Ashoknagar found a prolific reserve. In their presentation they informed me that it holds good potential for oil and it may also have some gas.

"On a pilot basis we have even sent the oil to Haldia Refinery and also reviewed it. I will be visiting soon to look into this, Pradhan said at the annual general meeting of Merchants' Chamber of Commerce and Industry (MCCI).

To a question by MCCI president Vivek Gupta, he said that ONGC has finally found oil and gas at Ashoknagar in the Gangetic belt after two decades of failure and is hopeful that it will be the first of its kind in West Bengal. According to some experts, commercial production from the block could start as early as the end of this fiscal.

In 2018 ONGC had said it found one lakh cubic meters per day of gas flowing from one well at Ashoknagar. In the past there had been offshore gas finds off West Bengal coast but finally those proved to be unviable.

Link - Oil find at Ashoknagar on Centre s radar - ET EnergyWorld
 

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CNBC, MSNBC, ABC, CBS, CNN, NYT, WaPo, BBC, AP, Reuters are 1 cabal with morose, grumpy editors/journalist forever pissed of with a rising India and they strive their best to put down India whenever possible. Some dim-witted frustrated duffer dude writes 1 article and they cross publish the rubbish amongst themselves, giving the impression it is factual and news. They would rake up the usual negative stuff, stereo types of Indians and their leaders which they carefully cultivated from the Brits (who left India in the hole for 100T pounds). With the US fast approaching 3rd world status with rampant indiscriminate immigration, far left lunatic idealogy of mollycoddling woke ideas like socialism, no cops, etc, a contempt for merit and good governance, India needs to ignore the western media trash. The media is wholesale bought out by CCCP and militant islamic factions. The blatant falsehoods repeated ad nauseum is becoming wretched tripe.
 

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CNBC, MSNBC, ABC, CBS, CNN, NYT, WaPo, BBC, AP, Reuters are 1 cabal with morose, grumpy editors/journalist forever pissed of with a rising India and they strive their best to put down India whenever possible. Some dim-witted dude writes 1 article and they cross publish the rubbish amongst themselves, giving the impression it is factual and news. They would rake up the usual negative stuff, stereo types of Indians and their leaders which they carefully cultivated from the Brits (who left India in the hole for 100T pounds). With the US fast approaching 3rd world status with rampant indiscriminate immigration, far left lunatic idealogy of mollycoddling woke ideas like socialism, no cops, etc, a contempt for merit and good governance, India needs to ignore the western media trash. The media is wholesale bought out by CCCP and militant islamic factions. The blatant falsehoods repeated ad nauseum is becoming wretched tripe.
This isn't completely correct. CNBC had also posted "Why India is growing so fast". However, western media has an inherit left wing bias so they paint doomsday scenario for any nation which has nationalist right wing government.
 
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