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Posted
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  

Posted
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:

Posted
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 

Posted

 

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.

 

 

Posted

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

 

Quote

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.

Posted

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.

 

Posted

DgufYRBW4AATt9U.jpg

 

Growth = poverty reduction

DguaRB2XUAAfH-8.jpg

 

In the last 2 years, almost 50 million people have escaped extreme poverty. :isalute: 

 

50 million is about equal to the population of South Korea!

 

 

 

 

Posted

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....

Posted

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

Posted

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 :((

Posted

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:

 

 

Posted
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. 

Posted
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. 

Posted (edited)
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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