Indian Economy


View: https://www.youtube.com/live/oa2P4zFRdsU?feature=shared

So basically, nirmala aunty decided to give tax babus, the power of police ?

And seriously before anybody brings up natsec point, while it's important, it's also important that babus don't get to freely harras businesses and do whatever the fuck they want.

The guest the video brings up the point that govt itself has to invest in high tech sector and create spark for these kind of thing.


fucked up if true . chutiyas in income tax office can get access into peoples email and social media accounts.

ias and other babus looting crores , hiding it under the bed meanwhile ordinary people getting ass raped

really hope SC strikes it down .



(i) email servers
(ii) social media account
(iii) online investment account, trading account, banking account, etc
(iv) any website used for storing details of ownership of any asset
(v) remote server or cloud servers
(vi) digital application platforms
(vii) any other space of similar nature

Clause 247 of this bill notes that authorised officers can gain access to undisclosed income, documents, or property “by overriding the access code to any said computer system, or virtual digital space, where the access code thereof is not available.”

Who are authorised officers?

As defined under the bill, the term “authorised officer” means–
(i) the Joint Director or the Additional Director
(ii) the Joint Commissioner or the Additional Commissioner
(iii) the Assistant Director or the Deputy Director
(iv) the Assistant Commissioner or the Deputy Commissioner
(v) the Income-tax Officer or the Tax Recovery Officer;



Article on the exact incident;


If the govt won't abide by the Supreme Court rulings why keep them running at all? Suppose you are an investor, you remain invested for a decade and then the govt babus come up with demands over some business you did 8 years back, how will you feel? How exactly can you run a 'law abiding' business when the govt can tax you retrospectively?

And this govt is a routine offender, it is not a one off incident;



They will keep beating their chests citing 'muh improved ease of doing business' and then come up with crap like this, how do you run a 'law abiding' business in this environment?

Which other country amends its laws in the Parliament to claim taxes retrospectively? Are companies supposed to hire astrologers to anticipate future tax demands?

retrospective tax , amazing concept . :crazy:
 
US now targets India’s ethanol import ban.

I think the ethanol madness in India needs to stop though.
The whole ethanol blending thing by Gadkari is a massive water guzzler while also damaging the engines in the long term while Ionly benefitting the powerful sugarcane mafia.

I’m not agri expert but any action by US on this should be seen as a reason to either slowly scrap the Ethanol blending initiative while also unbanning its import.
It is one of the few things we are better of importing while using our agri land for something more beneficial overall?

But then SP&co would rather burn the country down with their own ‘Dilli chalo’ and demand more MSP!


View: https://x.com/ustraderep/status/1909326871868698699?s=46
 
US now targets India’s ethanol import ban.

I think the ethanol madness in India needs to stop though.
The whole ethanol blending thing by Gadkari is a massive water guzzler while also damaging the engines in the long term while Ionly benefitting the powerful sugarcane mafia.

I’m not agri expert but any action by US on this should be seen as a reason to either slowly scrap the Ethanol blending initiative while also unbanning its import.
It is one of the few things we are better of importing while using our agri land for something more beneficial overall?

But then SP&co would rather burn the country down with their own ‘Dilli chalo’ and demand more MSP!


View: https://x.com/ustraderep/status/1909326871868698699?s=46

US ethanol production is heavily dependent on subsidies, so US is being the "China" here.
 
US ethanol production is heavily dependent on subsidies, so US is being the "China" here.
My thinking is we should do away with the ethanol blending.
That way we even if we unban US imports, it will not result in much imports, and we can also claim a major point in negotiations of BTA for unbanning it.
But it’s easier said than done due to the sugarcane lobby.
 
US now targets India’s ethanol import ban.

I think the ethanol madness in India needs to stop though.
The whole ethanol blending thing by Gadkari is a massive water guzzler while also damaging the engines in the long term while Ionly benefitting the powerful sugarcane mafia.

I’m not agri expert but any action by US on this should be seen as a reason to either slowly scrap the Ethanol blending initiative while also unbanning its import.
It is one of the few things we are better of importing while using our agri land for something more beneficial overall?

But then SP&co would rather burn the country down with their own ‘Dilli chalo’ and demand more MSP!


View: https://x.com/ustraderep/status/1909326871868698699?s=46


One thing, India lags behind in agri-production compared to China and the developed world and is just only slightly better than sub-saharan africa, is the % of our production ( by tonnage) we have for edible vegetables.
Like a lot of African countries, we short veggie production for cash crop production to sell for profit, such as sugarcane, cotton, etc.
because you cant short grain production ( else your population starves), nor can you short meat production as much ( high demand food commodity world-wide and choice of the rich).

So hammer always falls on the veggies. Yet, veggie consumption and production is a huge metric to healthy food habits of a society and compare this to japan, where they grow as much veggies as they can in fancy greenhouses etc.

So long story short, i agree - India should say 'fuck you sugarcane lobby' and let them adjust- if sugarcane consumption drops, good. repurpose sugarcane land to grow veggies.
 
HSRs are difficult in india, because of land acquisition issues and political differences between state govts
Only an idiot like UT will go against HSR. We all know what happened to him. He is now politically irrelevant. HSR is aspirational only an idiot politician will work against them. Right now the clamor is on for HSR.

We don't need to build china like massive network. Just connecting our top 15 cities will be enough to create a massive high speed trunk.
1. Delhi - Jammu via Amritsar and Chandigarh Spur
2. Delhi - Mumbai via Ahemdabad
3. Delhi - Guwahati and Kolkata Spur
4. Mumbai - Chennai via Pune Bengaluru
5. Bengaluru - Hyderabad - Nagpur - Delhi
6. A possible east to west connection via MP

This network is more than enough to form a good core. We can do it in a decade once construction starts. Plains are the easiest to do.
 
1744084748439.webp


The European Union wants India to eliminate tariffs on car imports under a long-pending trade deal and Prime Minister Narendra Modi’s government is willing to sweeten its current proposal to seal the talks, sources told Reuters.

India is open to the phased reduction of tariffs to 10 per cent from more than 100 per cent, two industry sources and a government official said. That is despite industry lobbying for India to retain at least a 30 per cent tariff even if it starts reducing the levy, and also not tinker with import duties on EVs for four more years to protect domestic players.
 
View attachment 29838


The European Union wants India to eliminate tariffs on car imports under a long-pending trade deal and Prime Minister Narendra Modi’s government is willing to sweeten its current proposal to seal the talks, sources told Reuters.

India is open to the phased reduction of tariffs to 10 per cent from more than 100 per cent, two industry sources and a government official said. That is despite industry lobbying for India to retain at least a 30 per cent tariff even if it starts reducing the levy, and also not tinker with import duties on EVs for four more years to protect domestic players.
The EU gives countries like Bangladesh and Pakistan tariff free access to their market without any market access in return. Vietnam has a FTA where it can exports 10s of billion of dollars in goods to Europe while importing almost nothing in return (their market for the goods EU produce is tiny).

I don't have a problem with this as I believe that Indian industry should be able to compete with the EU. However, it still feels that India is treated unfairly compared to other developing countries. Why do they expect so much from India when they give other poor developing countries market access for free?
 

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