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Modi sarkar economic reforms/governance performance thread

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3 hours ago, surajmal said:

hard work over harvard!! lol. That is going to be one of many Namo's slogans for 2019 campaign. 

https://timesofindia.indiatimes.com/india/celebrate-moodys-upgrade-damn-standard-and-poor-yashwant-sinhas-jibe-at-centre/articleshow/61689566.cms

 

Celebrate Moody's upgrade, damn Standard & Poor's: Yashwant Sinha's jibe at Centre

 

Sinha indirectly reminded the government that rating agency Standard & Poor's has kept India at the lowest investment grade for a decade, and slammed the government's celebration of the country's upgraded rating from Moody's.

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I was tempted to open a new thread on this.. but what the hell is Ivanaka doing in India? She is meeting PM and Foreign Minister etc. in what capcity? She does not hold any position in USA cabinet other than an Advisor to President.. Why spending so much money on her visit?

Edited by veer

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2 hours ago, veer said:

I was tempted to open a new thread on this.. but what the hell is Ivanaka doing in India? She is meeting PM and Foreign Minister etc. in what capcity? She does not hold any position in USA cabinet other than an Advisor to President.. Why spending so much money on her visit?

she is purely an extension of Trump, it's pretty much equivalent to having the US President's ear. 

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13 hours ago, veer said:

I was tempted to open a new thread on this.. but what the hell is Ivanaka doing in India? She is meeting PM and Foreign Minister etc. in what capcity? She does not hold any position in USA cabinet other than an Advisor to President.. Why spending so much money on her visit?

lol the princess is coming to talk about women empowerment

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https://timesofindia.indiatimes.com/business/india-business/too-early-to-say-low-growth-trend-reversed-manmohan-singh/articleshow/61894112.cms

 

Modi government cannot equal UPA's 10-year average growth rate: Manmohan Singh

 

Former Prime Minister Manmohan Singh on Saturday welcomed the uptick in the Q2 GDP growth at 6.3 per cent but cautioned that it is too early to say there is a reversal in decline seen in the past five quarters. He also claimed that the Modi government will not be able to equal the UPA government's 10-year average growth rate.

"To equal the UPA's 10-year average, the economy will have to grow at 10.6 per cent in the fifth year. I would be happy if this were to happen, but frankly, I don't think this will happen," Singh quipped.
 

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2 minutes ago, The Dark Horse said:

It's as if all of Tamil Nadu just logged in to type #gobackmodi :phehe:

 

BJP guys asked to post #wewelcomemodi :rotfl:

 

this twitter game is getting unny day by day .. 

#இடுப்புகிள்ளி_திமுக & #பள்ளுப்படாத_அதிமுக  

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1 minute ago, velu said:

 

BJP guys asked to post #wewelcomemodi :rotfl:

 

this twitter game is getting unny day by day .. 

#இடுப்புகிள்ளி_திமுக & #பள்ளுப்படாத_அதிமுக  

Not to mention #கேணக்கூதிசீமான்..Noone had been abused so openly :rotfl:

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3 minutes ago, The Dark Horse said:

Not to mention #கேணக்கூதிசீமான்..Noone had been abused so openly :rotfl:

this was a genuine hastag .. esp crickt mad chennai guys are really pissed off :sad:

watever dmk and admk IT wing tries to trend are biased .. admk it wing is active for the last few months and they do far better and funnier than DMK .. another one #செயல்_பழமொழிகள் 

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Quote

 

https://swarajyamag.com/insta/ibc-effect-fear-of-losing-control-forces-over-2100-companies-to-settle-rs-83000-crore-bank-dues

 

Fearing action under the newly-enacted Insolvency and Bankruptcy Code (IBC), over 2,100 companies, who had defaulted on loan repayments, have settled their dues of around Rs 83,000 crore, Times of India has reported.

 

A majority of the outstanding amount was cleared after the government amended the code to prevent promoters of companies that were classified as non-performing assets (NPAs) from bidding for these companies and regaining control.

 

The amendment helped the government to bar promoters from re-purchasing their stressed assets at a discounted price after action was initiated by the bankruptcy court, the National Company Law Tribunal (NCLT).

 

As a result, top industry names such as Ruias of Essar, Singals of Bhushan Group and Gaurs of Jaiprakash Group, were left ineligible to bid. 

Earlier this week, the acquisition of Bhushan Stee by Tata under the IBC framework led to the reduction in bad loans by around Rs 35,000 crore. NCLT has also initiated insolvency proceedings against Anil Ambani-led Reliance Communications.

“The real success is the pressure on defaulters to clear dues. Borrowing and lending culture is changing because of IBC,” the daily quoted an official as saying.

The government is considering more amendments to make the code robust.

 

 

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https://timesofindia.indiatimes.com/business/india-business/women-hiring-to-dip-over-maternity-leave-may-cause-1-2cr-job-loss-in-fy19-as-some-cos-find-paying-for-26-weeks-prohibitive-finds-study/articleshow/64739424.cms

 

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Women hiring to dip over maternity leave; may cause 1.2cr job loss in FY19

Called it before. Stupid BJP thinks too much like Congress. Interfering directly in the job market with hair-brained schemes, which hardly anyone outside of middle class-metro citizens even care about. 

 

The size of job loss stated here is an upper estimate. I don't know if it would be that high, but all those people who do lose jobs because of this scheme will be angry.

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India no longer home to the largest number of poor: Study

http://www.worldpoverty.io/

https://timesofindia.indiatimes.com/india/india-no-longer-home-to-the-largest-no-of-poor-study/articleshow/64754988.cms

 

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HIGHLIGHTS

  • India has finally shed the dubious distinction of being home to the largest number of poor, with Nigeria taking that unwanted position in May 2018
  • If present trends continue, India could drop to No. 3 later this year, with the Democratic Republic of the Congo taking the number 2 spot

NEW DELHI: In the time that it takes you to read this article, several Indians will have escaped the clutches of extreme poverty. In fact, about 44 Indians come out of extreme poverty every minute, one of the fastest rates of poverty reduction in the world. As a result, India has finally shed the dubious distinction of being home to the largest number of poor, with Nigeria taking that unwanted position in May 2018.


If present trends continue, India could drop to No. 3 later this year, with the Democratic Republic of the Congo taking the number 2 spot. Defining extreme poverty as living on less than $1.9 a day, a recent study published in a Brookings blog says that by 2022, less than 3% of Indians will be poor and extreme poverty could be eliminated altogether by 2030.

 

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FACTUAL HIGHLIGHTS FROM PM MODI’S TRUST VOTE SPEECH

 

Good overall report. This for me was shocking

 

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He added, total amount loaned by the banking sector was Rs. 18 lakh crores in first 60 years whereas, under the UPA government (2008-2014), the total disbursement stood at Rs. 52 lakh crores. Indiscriminate lending to crony capitalists, he said, led to the creation of huge Non Performing Assets.

Public should know this loud and clear....

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https://www.financialexpress.com/industry/50-mw-power-22-km-electricity-line-in-record-time-what-yogi-adityanath-did-to-bring-samsung-plant-in-noida/1237569/

 

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50 MW power, 22-km electricity line in record time: What Yogi Adityanath did to bring Samsung plant to Noida

Samsung Noida plant launch: Uttar Pradesh Yogi Adityanath on Monday said that 50 megawatts of power and a 22-km-long electricity line were made available in record four months for the Samsung mobile plant.

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Samsung opened its new mobile phone factory in a 35-acre facility in Sector 81, Noida, which, Yogi Adityanath said, would provide 35,000 direct and indirect jobs to the youth. “A MoU was signed in May 2017, and with an investment of Rs 4,915 crore, the plant is being set up here,” Yogi Adityanath said at the inauguration.

The plant was inaugurated by Prime Minister Narendra Modi and South Korean President Moon Jae-in. Speaking at the event, Narendra Modi said that mobile manufacturing companies, which have gone up from just 2 to 120, have created more than 4 lakh jobs. “Whenever I talk to business community representatives, I always mention one thing, that I don’t think there is a middle-class house in India without at least one Korean product,” Narendra Modi said at the launch of the plant.

With the launch of this latest manufacturing facility, Samsung aims to increase its manufacturing of mobile phone production in India to nearly 120 million per year as against the 67 million mobiles currently, which are being made in India. The company currently has over 10 percent of its overall production in India and aims to take it to 50 percent over the next three years.

I didn't realize there were so many mobile manufacturers in India now

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Cashew crisis in Kerala
https://www.orfonline.org/expert-speak/cashew-crisis-in-kerala-a-feminist-perspective/

https://www.deccanchronicle.com/nation/current-affairs/050518/keralas-crisis-ridden-cashew-industry-leaves-around-3-lakh-workers-jo.html

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The inception of the cashew crisis in the south Kerala region started in 2016 when the Union Government imposed an import duty of 9.36% on raw cashew nuts. This raised the prices of cashew imports significantly while there was no apparent increase in the price of processed cashews, putting this industry at a major economic risk. The Kerala Government’s decision to hike wages of the cashew workers along with the increasing competition with mechanically produced cheaper varieties of Vietnamese processed cashew put almost 700 Kollam cashew factories in danger, which provided the livelihoods of almost 2.5 lakh skilled women workers (compared to approximately 50 thousand male workers associated with this industry) hailing from marginal communities in rural Kerala. Although recently in 2018, Union Finance Minister Arun Jaitley had called for a further rollback of duty on the raw cashews by 2.5%, many in the business believe that such a measure will be insufficient in reviving the damage already caused to this once booming industry.

 

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According to an NDTV report, Kerala's Kollam district, which is known as the hub of cashew processing and exporting, housed 834 factories. Of 834, a staggering 700 factories have shut down in the last two years. This affected around three lakh employees -- mostly women -- who now have been left without jobs, claim industry insiders.

 

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A former worker at a cashew nut processing unit in Kalluvathukkal, Girija said, "I used to work in the peeling section. We got wages according to the weight of the cashews we processed, which was hiked from Rs 16/kg to Rs 36/kg. There were more than 640 workers in our company."

Another worker, Sudharma told ANI, "I used to get about Rs 3,000 each month. I am simply sitting now. We hope the company will reopen. Owners said they were in crisis due to the increase in wages directed by Kerala government. We are ready to work for lower wages."

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Various reasons have led to the downfall of the cashew industry. The cost of raw cashew has steeped globally and in Kerala, obsolete machinery and wages have added to the existing crisis. 

However, the losses here have proven to be a victory for Vietnam which has emerged as a cheaper global alternative.

700 of 834 cashew factories of Kerala have closed down...

 

The wonders of minimum wage and government interference. :facepalm:

 

Much of the cashew industry labor force is women also. Like most harebrained schemes, minimum wage politics hurts the lowest skilled, most vulnerable workers.

 

To make things worse, Kaju katri prices will go throught the roof!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1111 :((

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Ease of Doing Business Rankings!!!!?!!??!

Screenshot_2.jpg

Top 5: Andhra, Telangana, Haryana, Jharkhand, Gujarat 

 

Jharkhand comes out of nowhere and breaks into the top 5 :scream:

 

Goa, Punjab, Kerala, and especially Dehli need to improve  :nono:

 

 

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1 hour ago, Tibarn said:

Top 5: Andhra, Telangana, Haryana, Jharkhand, Gujarat 

 

Jharkhand comes out of nowhere and breaks into the top 5 :scream:

 

Goa, Punjab, Kerala, and especially Dehli need to improve  :nono:

 

 

 

This Kejri is doing worse than the communists in Kerala.

 

I have ot admit that it is surprisng that WB is number 10 on the list ahead of both TN and MH, although all 3 are in the good range according to the rankings. 

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9 hours ago, Moochad said:

 

This Kejri is doing worse than the communists in Kerala.

 

I have ot admit that it is surprisng that WB is number 10 on the list ahead of both TN and MH, although all 3 are in the good range according to the rankings. 

Big problem for WB is law and order, which never seems to have improved there, since independence. Old Mamata is at least doing a good effort on reforms aspect. 

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On 7/29/2018 at 8:13 AM, Tibarn said:

Big problem for WB is law and order, which never seems to have improved there, since independence. Old Mamata is at least doing a good effort on reforms aspect. 

Big is understatement. Even if you reform every econ policy, if there is no law and order, there will be no investment. 

 

We need better L&O all across India, otherwise we will not grow!

 

All Cattle smugglers,  hooligans, rioters etc, need to be kept in check

 

We need to largely increase our police force size

Edited by Moochad

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@Tibarn

 

The construction ban has been lifted in Maharashtra and Uttarakhand.

 

https://indianexpress.com/article/cities/mumbai/mumbai-relief-for-builders-homebuyers-as-apex-court-lifts-ban-on-construction-5342228/

 

I know where you are coming from, but in this case a suo moto was due. There are many studies highlighting absolute disregard for any kind of treatment of construction waste. This ban-unban drama will actually shake the State Governments into formulating a meaningful waste management policy. 

 

The builders are generally extremely lackadaisical about the way they go about construction. Deadlines are deferred. This inspite of the RERA. For instance, there are class action suits against construction companies, where a plot has been dug up for some construction work and left at that state for months. It ends up being some kind of a breeding ground for dengue carrying mosquitoes due to all the stagnant water. And a lot of people fall sick, and end up wasting a lot of man hours. This had happened to scores of mid to upper management employees of Patni computers, who were all accommodated in a new construction in Wadala, surrounded by many more constructions. Patni decided to move court.

 

You are being to harsh on the milords here. 

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On 9/14/2018 at 5:18 PM, Moochad said:

 

A good exposition on Modinomics by Harsh Gupta

I don't agree with some parts, but the thing I disagree with the most is the idea that we will succeed regardless. The idea that if we elect some khichdi government or some government led by goofballs who advocate private sector reservation is laughable. To think someone like Mamata or Mulayam will engage in further economic reforms or not napalm all the initiatives Mahatma Modi has made is naive, IMO. Weak governments are the most vulnerable to special interest groups who want this or that law removed/created. Some union with a large chunk of voters can easily get the new Contract-Labor Laws repealed by promising their votes to some regional satrap.     

 

Also, the demographic dividend idea is a tired cliche'. In the same video Gupta acknowledges that India has failed to establish a proper lower-level education system. Then he also acknowledges we have missed the sweet spot in time when there was much more opportunities for manufacturing = we have a poorly educated workforce, that workforce is multiplying, and we have missed out on the area of the economy which employs the more unskilled labor.  A "demographic" is a "dividend" when one can harness the demographic and use their skills productively. If a demographic doesn't have something to be put to use in or lacks skills for what is available, then all one has are hordes of disaffected, jobless youth.  Some dividend!!! :((

 

Also lol at some of Chacha apologia. There was never any sane rationale for ignoring primary education to establish a handful of universities which end up exporting talent to Western countries. If students don't have the fundamentals from primary education, how exactly are they going to take advantage of a select few magical IITs and the sort? 

Edited by Tibarn

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On 9/16/2018 at 8:21 AM, Tibarn said:

I don't agree with some parts, but the thing I disagree with the most is the idea that we will succeed regardless. The idea that if we elect some khichdi government or some government led by goofballs who advocate private sector reservation is laughable. To think someone like Mamata or Mulayam will engage in further economic reforms or not napalm all the initiatives Mahatma Modi has made is naive, IMO. Weak governments are the most vulnerable to special interest groups who want this or that law removed/created. Some union with a large chunk of voters can easily get the new Contract-Labor Laws repealed by promising their votes to some regional satrap.     

 

 

Only a handful of leaders are even capable of doing it, even BJP is lacking many. I like Goyal after Modi.

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Also, the demographic dividend idea is a tired cliche'. In the same video Gupta acknowledges that India has failed to establish a proper lower-level education system. Then he also acknowledges we have missed the sweet spot in time when there was much more opportunities for manufacturing = we have a poorly educated workforce, that workforce is multiplying, and we have missed out on the area of the economy which employs the more unskilled labor.  A "demographic" is a "dividend" when one can harness the demographic and use their skills productively. If a demographic doesn't have something to be put to use in or lacks skills for what is available, then all one has are hordes of disaffected, jobless youth.  Some dividend!!! :((

Even Sanyal always mentions that demographic dividend. I think it is more of a potential benefit than a confirmed benefit for us. Certainly there will not be benefits if workforce isn't educated/skilled.

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Also lol at some of Chacha apologia. There was never any sane rationale for ignoring primary education to establish a handful of universities which end up exporting talent to Western countries. If students don't have the fundamentals from primary education, how exactly are they going to take advantage of a select few magical IITs and the sort? 

I think he is more saying that Nehru was better than Indira because he took a political stand rather than Indira governing the country based on politics. 

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On 9/17/2018 at 12:59 PM, Moochad said:

Only a handful of leaders are even capable of doing it, even BJP is lacking many. I like Goyal after Modi.

Goyal is good as FM, like he is now. I don't think he fits as a PM. Only the King in the North is a fitting PM for Bharat.

 

On 9/17/2018 at 12:59 PM, Moochad said:

Even Sanyal always mentions that demographic dividend. I think it is more of a potential benefit than a confirmed benefit for us. Certainly there will not be benefits if workforce isn't educated/skilled.

It makes sense in economic terms(good economic logic), but not outside of that.

On 9/17/2018 at 12:59 PM, Moochad said:

I think he is more saying that Nehru was better than Indira because he took a political stand rather than Indira governing the country based on politics. 

No I get that, but that is exactly why he is being a fool. Nehru ideologically pushed his agenda. Indira pushed the same Socialist agenda for political expediency. Therefore, Indira's IQ >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Bandit Nehru's. Nehru was dumb enough to believe in Socialism and it's BS ideology. Indira just used Socialism to win elections and loot money. She was corrupt, but she was a clever politician and enriched her family. On the other hand, he was an ignoramus.   

 

I know this Gupta fellow from Twitter, he is a Libertarian. The fact that he needs to apologize/defend Nehru reflects poorly on him and is hypocritical, as no sensible Libertarian would be foolish enough to speak of the virtues of some pseudo-intellectual who caused the death of millions through his distinctly evil policies.  

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