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Modi sarkar economic reforms/governance performance thread

FischerTal

By FischerTal
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Khalpat Newbie

Khalpat

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http://profit.ndtv.com/news/economy/article-pm-modis-coal-turnaround-to-ease-chronic-power-cuts-this-summer-755377?pfrom=home-lateststories PM Modi's Coal Turnaround to Ease Chronic Power Cuts This Summer
New Delhi: Fewer power cuts are likely in the country this summer after a surge in output at Coal India helped generators amass record stocks, a turnaround for Prime Minister Narendra Modi who had to battle a power crisis within months of becoming prime minister last May. Fast-track mine approvals, tighter production oversight and more flexibility in coal sales have helped power station stocks recover from a six-year low hit in October, vindicating PM Modi's pitch to voters as the chief minister who brought round-the-clock power to industrial Gujarat. As the PM prepares to mark his first year in office and seeks to fulfil a poll promise to provide power to all of India's 1.2 billion people by 2019, power stations hold 28 million tonnes of coal, a 38 per cent jump from a year ago, government data shows. "The situation is improving," said K. Raja Gopal, head of the thermal power business at construction, power and real estate conglomerate Lanco Infratech, pointing to recent growth in Coal India output. "More needs to be done but 8 to 9 per cent didn't happen before." India, the world's third-largest coal buyer, is expected to cut imports by a fifth in the fiscal year to March 31 from an estimated 200 million tonnes in the previous year. Power companies have relied on imports for 15 per cent of their coal needs. India suffered one of its worst blackouts in 2012 due to a shortage of coal plus outdated transmission lines and an over-burdened grid. Power shortages shaved 0.4 per cent off GDP in 2012/13, industry body FICCI estimates. Coal stocks fell to zero at New Delhi's Badarpur power station last October but now there is enough to last 43 days going into the peak demand season. The situation is similar at many other power plants across India, where over 60 per cent of electricity is generated by coal. State-controlled Coal India also holds pit-head stocks of 53 million tonnes that can be shipped before the four-month monsoon season starting in June, a company source said. The company's output rose 32 million tonnes to 494.2 million tonnes in 2014/15, the biggest volume rise in its four-decade history, Chairman Sutirtha Bhattacharya told Reuters. Output is expected to jump to 550 million tonnes in 2015/16 and 1 billion tonnes by 2019/20.
Sachin=GOD Newbie

Sachin=GOD

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Narendra Modi is again visiting India today. This is his sixth visit to India in last 10 months, to try connect and strengthen ties with the people of India. The ministry of external affairs has issued a statement that this further signifies the importance of India in the world. Meanwhile yesterday Rahul Gandhi also came to India on a short visit. :phehehe:

velu Grand Master

velu

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Narendra Modi is again visiting India today. This is his sixth visit to India in last 10 months, to try connect and strengthen ties with the people of India. The ministry of external affairs has issued a statement that this further signifies the importance of India in the world. Meanwhile yesterday Rahul Gandhi also came to India on a short visit. :phehehe:
:hysterical::hysterical:
BeautifulGame Newbie

BeautifulGame

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Narendra Modi is again visiting India today. This is his sixth visit to India in last 10 months, to try connect and strengthen ties with the people of India. The ministry of external affairs has issued a statement that this further signifies the importance of India in the world. Meanwhile yesterday Rahul Gandhi also came to India on a short visit. :phehehe:
:hysterical:
Malcolm Merlyn Proficient

Malcolm Merlyn

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http://timesofindia.indiatimes.com/india/Modis-land-bill-delayed-amid-farmers-suicide-rising-anger-in-rural-India/articleshow/47029783.cms Land Acquisition bill postponed. Mission Accomplished for AAP/Congress with the farmer suicide drama.
Good decision.? Feck the land bill... Can be considered in NDAs next term if at all they get another term' date=' which looks doubtful...[/quote'] Good decision for now.Get the GST passed.The ordinance is still valid and they can reissued the ordinance.
asterix Mentor

asterix

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PM spoke about farmer suicides in the Parliament... He should have announced some specific packages instead of doing general bakchodi... "We all have to work together and all those shyte..." Come to think of it, I think he least cares about farmers and agriculture... Given an option he would like to have all Indians working on projects, bullet trains, industries etc and would prefer to depend on food imports... Since agriculture is now non-profitable, why not get effing rid of it and start importing food... Lets reduce India from one of the largest producers of agricultural products to a food importing country... Given his ways so far I'm pretty much getting his Gujarat style of working which he's extended now to all over India... no doubt he has good intentions and have done good job in various other aspects... But his development model is industry oriented and Opposition parties are not wrong in accusing him about it...

bulbul Newbie

bulbul

Posted
Posted
PM spoke about farmer suicides in the Parliament... He should have announced some specific packages instead of doing general bakchodi... "We all have to work together and all those shyte..." Come to think of it, I think he least cares about farmers and agriculture... Given an option he would like to have all Indians working on projects, bullet trains, industries etc and would prefer to depend on food imports... Since agriculture is now non-profitable, why not get effing rid of it and start importing food... Lets reduce India from one of the largest producers of agricultural products to a food importing country... Given his ways so far I'm pretty much getting his Gujarat style of working which he's extended now to all over India... no doubt he has good intentions and have done good job in various other aspects... But his development model is industry oriented and Opposition parties are not wrong in accusing him about it...
I doubt there is many countries in world which are developing because of Agriculture..but i agree we have to improve agriculture as well. Biggest problem facing agriculture now is labour shortage ,no one works for less amount of money when they can easily earn doubly by driving vehicles in cities.We have a little farm in back home its very difficult to find people to work. Even if you get some one they rarely work properly for 8 hours. So getting a good return after paying labors and other expenditure is not easy.
Detonator Newbie

Detonator

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Posted
I doubt there is many countries in world which are developing because of Agriculture..but i agree we have to improve agriculture as well. Biggest problem facing agriculture now is labour shortage ,no one works for less amount of money when they can easily earn doubly by driving vehicles in cities.We have a little farm in back home its very difficult to find people to work. Even if you get some one they rarely work properly for 8 hours. So getting a good return after paying labors and other expenditure is not easy.
We need a widespread and a well organized co-operative model for agriculture for coping labour problem. Back in 70's each village will have a farmers pool, who jointly work on each other's land instead of getting dedicated labours. Almost everyone in India followed this model till 80's but in the last 2 decades the practice stopped. The primary reason being the increase in real estate, which leads to fight between neighbouring small land owners fighting for 2 feet or 3 feet worth of land, which costs lakhs of rs. There are cases of stopping the water irrigation to other lands from the common well to murder cases. This is followed in few villages around coimbatore espicially for cotton, turmeric and sugarcane farms, which are implemented by the turmeric market associations, textile associations and sugar industries. Govt has to do something for this, and it's not much difficult to implement.
Clarke Mentor

Clarke

Posted
Posted
PM spoke about farmer suicides in the Parliament... He should have announced some specific packages instead of doing general bakchodi... "We all have to work together and all those shyte..." Come to think of it, I think he least cares about farmers and agriculture... Given an option he would like to have all Indians working on projects, bullet trains, industries etc and would prefer to depend on food imports... Since agriculture is now non-profitable, why not get effing rid of it and start importing food... Lets reduce India from one of the largest producers of agricultural products to a food importing country... Given his ways so far I'm pretty much getting his Gujarat style of working which he's extended now to all over India... no doubt he has good intentions and have done good job in various other aspects... But his development model is industry oriented and Opposition parties are not wrong in accusing him about it...
kya bakwaas hai yeh ... do you even know how our agricultural yields compare with other nations ? You're moving from conspiracies to plain idiocy with such claims.
bulbul Newbie

bulbul

Posted
Posted
We need a widespread and a well organized co-operative model for agriculture for coping labour problem. Back in 70's each village will have a farmers pool' date= who jointly work on each other's land instead of getting dedicated labours. Almost everyone in India followed this model till 80's but in the last 2 decades the practice stopped. The primary reason being the increase in real estate, which leads to fight between neighbouring small land owners fighting for 2 feet or 3 feet worth of land, which costs lakhs of rs. There are cases of stopping the water irrigation to other lands from the common well to murder cases. This is followed in few villages around coimbatore espicially for cotton, turmeric and sugarcane farms, which are implemented by the turmeric market associations, textile associations and sugar industries. Govt has to do something for this, and it's not much difficult to implement.
It's still happening. But problem is in many families young generations got better education and moved to city for jobs in private sector. Old people cannot contribute to the farmers pool so their farms will not get better labour. Land rate issues are mainly in cities in villages land process are still reasonable but getting a nice profit out of agriculture is difficult from middle class and poor farmers.
BeautifulGame Newbie

BeautifulGame

Posted
Posted

Massive Respect to Modi and the government. The pace at which the govt has proceeded with the rescue operations and help on a war footing to the Nepal disaster. We would still be asleep if it was congress

amiret Newbie

amiret

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Posted

Was India never in an Economic Downturn ?

If the GDP numbers as per the new methodology to calculate GDP is to be believed was India actually growing at close to 7% , rather than the sub-5% reported as per earlier estimates ?

" A Parliamentary panel has questioned the credibility of India’s new method to calculate national income, casting doubts of over a recently-released statistical formula that had turned up a surprise: GDP in 2013-14 grew 6.9% instead of the earlier 4.7%. "
Does that mean honorable Prime Minister Shri Modiji inherited an economy growing at close to 7% ?
“The committee is not convinced regarding the credibility of the figures which are showing a sudden jump in the growth rate of various sectors of economy, including GDP growth rate from 1% to 1.5%, capital formation from -3% to +3 %, which seem to contradict anecdotal evidence,” the report said.
"The new method has forecast a 7.4% GDP growth in 2014-15, although data such as corporate income and tax collections do not show signs of turnaround. "
This is corroborated by the fact that the FY 2015 earnings estimates for the top 50 NIFTY companies have been downgraded substantially by analysts.
"According to earlier estimates India grew at sub-5% for two consecutive years. In January, the government released a new method to calculate national income that, however, showed that India was NOT in the midst of severe downturn, as was feared earlier. The IMF has also sent a team to India to study discrepencies in the new data." :haha:
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