Indian Economy

[haldilal]

Ya'll Remember Raj Kapoor Film made to take dig indirectly at Indian Finance and foreign policy titled Around the World, as then there was rule that only 100 rupees could be exchanged for per day for a foreign trip, so it made difficult for many traveller's to exchange rupee atleats officially. Those were the days of high regulation and total government controls.


View: https://youtu.be/Y5e1DKBcKtk?si=2BR2Q_inusuGwsrp

 

[Hari Sud]

Ya'll Remember Raj Kapoor Film made to take dig indirectly at Indian Finance and foreign policy titled Around the World, as then there was rule that only 100 rupees could be exchanged for per day for a foreign trip, so it made difficult for many traveller's to exchange rupee atleats officially. Those were the days of high regulation and total government controls.


View: https://youtu.be/Y5e1DKBcKtk?si=2BR2Q_inusuGwsrp

One of the not so good movie made by Raj Kapoor who is of Awara, Shri 420, Jagate Raho, Bobbie fame. All his movies relate the story of a poor making an effort to become rich. It is the same story today except it is not Mumbai story anymore. People are making an effort to become rich everywhere in India.

 

[dr.defence]

Importing corn for producing government subsidised ethanol is a big red flag. Subsidy itself is a major market distortion. Add to that, one of the main goals of ethanol blending is to cut costs of importing fuel, thereby saving some $$$. Buying corn in $$$ negates even that goal.

Importing cheaper corn from open market for public consumption to deflate local corn prices is welcome, but importing for a government subsidised commodity? Big problem. Only a small select group of people are making money at the cost of others.

But sir won't it be beneficial if cost of corn utilized for ethanol production is less than the cost saved in oil imports .
And isn't it that first maruti refused to give deisel option in bs6 vehicles because it was not economical to upgrade deisel engine to this standard .
These are just my curious questions please share if you have any data or information

 

[angryindian]

We have a long way to go.

Imagine being so poor that you spend 50% of consumption expenditure just on food.


View: https://x.com/ShamikaRavi/status/1830545747001106684

The real wages in the primary and secondary sectors that employ 70% of India's workforce have remained stagnant or in some cases, declining, in recent years. On average,a factory worker is still earning the same 10-12k a month that they used to earn back in 2008-09. The difference here is that it's almost impossible to survive on Rs 10k a month today as the cost of living has doubled.

So it does not come as a surprise that people are spending close to 50% of their income on food.

 

[Cheepek]

But sir won't it be beneficial if cost of corn utilized for ethanol production is less than the cost saved in oil imports .
And isn't it that first maruti refused to give deisel option in bs6 vehicles because it was not economical to upgrade deisel engine to this standard .
These are just my curious questions please share if you have any data or information

We can do some back of the envelope number crunching. Corn is ~60% of input cost of ethanol. ~263kg corn is required for producing 100 litre ethanol.

Biofuels from Surplus from Food Corporation of India

263 kg corn = ~ $30 as of price today

Corn PRICE Today | Corn Spot Price Chart | Live Price of Corn per Ounce | Markets Insider

Corn Price: Get all information on the Price of Corn including News, Charts and Realtime Quotes.

markets.businessinsider.com

So for producing every 100L ethanol we are spending ~$30 as input cost of maize.

Government is buying ethanol at ~65 rupees per litre i.e ~6500 INR for 100L.

Now, let's go to ethanol blending. ~15% ethanol blending (I am assuming it's by volume)

For every 1L of petrol, 150 ml of ethanol is mixed.

Price of crude oil as of today = ~$72 per barrel

For using 100L ethanol, crude oil required= (100000/150) = 666L i.e ~4.18 barrels or ~$300

15% of 300 = $45

So to save ~$45 we are spending ~$30....

Wtf (maybe I did something wrong, will check again later)

There may be a 20% margin of error but you get the drift

 

[Nutcracker]

We can do some back of the envelope number crunching. Corn is ~60% of input cost of ethanol. ~263kg corn is required for producing 100 litre ethanol.

Biofuels from Surplus from Food Corporation of India

263 kg corn = ~ $30 as of price today

Corn PRICE Today | Corn Spot Price Chart | Live Price of Corn per Ounce | Markets Insider

Corn Price: Get all information on the Price of Corn including News, Charts and Realtime Quotes.

markets.businessinsider.com

So for producing every 100L ethanol we are spending ~$30 as input cost of maize.

Government is buying ethanol at ~65 rupees per litre i.e ~6500 INR for 100L.

Now, let's go to ethanol blending. ~15% ethanol blending (I am assuming it's by volume)

For every 1L of petrol, 150 ml of ethanol is mixed.

Price of crude oil as of today = ~$72 per barrel

For using 100L ethanol, crude oil required= (100000/150) = 666L i.e ~4.18 barrels or ~$300

15% of 300 = $45

So to save ~$45 we are spending ~$30....

Wtf (maybe I did something wrong, will check again later)

There may be a 20% margin of error but you get the drift

bruh. why so much headache.
Just search for pre-vat price of petrol/diesel. Both have same production cost, just VAT varies.
Remove few rupees for transportation. it falls around 50-55Rs. So we are using 65Rs to replace 55Rs.

 

[Comet]

View: https://x.com/IndianTechGuide/status/1831603246148022533

 

[ArjunMK1A]

E vehicles are the future.

If only every EV guys provide a model which does not have 10inch tablet.

 

[haldilal]

View: https://twitter.com/haldilal/status/1831656023058526317

 

[jaijaganath]

View: https://x.com/CNBCTV18Live/status/1831613832998818193

 

[shuturmurg]

View: https://x.com/CNBCTV18Live/status/1831613832998818193

Instead of subsidies for buying, should start subsidies for constructing more charging stations, specially inside cities. Demand will take care of its own.

Also, should stop promoting ethanol

 

[haldilal]

1 .

Third Indian Autoneum plant opens in Pune

Third Indian Autoneum plant opens in Pune

www.innovationintextiles.com

2 .

Kalpataru Wins Big: Secures ₹999 Crore Nagpur Metro Viaduct Contract

Kalpataru Projects International has emerged as the lowest bidder (L1) for a major contract involving the construction of elevated viaducts for Phase-II of the Nagpur Metro Rail Project (NMRP). The company’s successful bid, valued at Rs 999 crore, was awa

projxnews.com

3 .

About Tehri Hydro Development Corporation Limited, News, MOU, CSR, Financials, Appointments, CMD & Directors,Reviews

Know more about Tehri Hydro Development Corporation Limited (THDC) latest news and updates, MOUs, CSR initiatives, financials, key appointments, CMD & Directors, and reviews. Stay on top of everything happening at Tehri Hydro Development Corporation Limited (THDC). Tehri Hydro Development...

www.psuconnect.in

4 .

SBL Energy Opens TNT Plant in Nagpur, Boosting Defence Exports

SBL Energy has inaugurated a new TNT plant in Nagpur, Maharashtra, with an annual production capacity of 3,000 tonnes. The plant will cater to growing domestic and international demand for explosives, bolstering India's defence manufacturing and export capabilities.

money.rediff.com

5 .

Marathwada Rail Coach Factory commences operations to produce Vande Bharat sleeper coaches

www.deccanherald.com

6 .

Gala Precision Engineering IPO: Public Issue Subscribed 35x On Day 2; GMP Hints Stellar Listing; Check

The Gala Precision Engineering Limited IPO has captured attention in the Indian primary market. The public offering, which opened on 2nd September 2024 and is set to close on 4th September 2024, has already witnessed strong investor interest.

www.goodreturns.in

7 .

KTM Will Launch Motorcycle At EICMA 2024, 390 Latest Adventure?

A well-known motorcycle brand from Austria, KTM will participate in one of the largest motorcycle titles in the world, Esposizione Internazionale Ciclo Motociclo e Accessori or commonly known as EICMA for the 2024 edition on 7-11 November.

voi.id

8 .

Brose India's ambitious business plans: Aiming for comeback with new investments and products | Autocar Professional

Dr Philipp Schramm, Brose's Executive VP, Commercial Administration, stated that his company, although open to it, will be selective and focus on "smart and wise moves".

www.autocarpro.in

9 .

Royal Enfield ला तगडी स्पर्धा, JAWA ची दमदार मॉडर्न रेट्रो बाईक लाँच; फक्त 942 रुपयांत करा बूक, मग किंमत किती?

Jawa 42 FJ मध्ये कंपनीने 334 सीसी क्षमतेच्या लिक्विड कूल्ड सिंगल सिलेंडर इंजिनचा वापर केला आहे. नियमित Jawa 42 च्या तुलनेत हे इंजिन जवळपास 2hp जास्त पॉवर जनरेट करतं.

zeenews.india.com

10 .

Welspun New Energy plans to set up pumped storage project in Maharashtra with Rs 5,000 cr investment

Mumbai (Maharashtra) [India], September 4 (ANI): Welspun Group company Welspun New Energy has signed a Memorandum of Understanding (MoU) with the Maharashtra government to develop a 1.2 GW pumped hydroelectric storage project. As per a company release, the project, named ‘Dhamni Pumped Hydro...

theprint.in

11 .

Launched in India: eye drop that can replace your reading glasses

Launched Tuesday by Entod Pharmaceuticals under brand name PresVu, eye drop will treat presbyopia, an age-related condition causing blurry vision. To be available across India by October.

theprint.in

12 .

Kinetic Green forays into B2C segment; eyes Rs 10,000 crore in revenue by 2030

As part of Kinetic Green 3.0 strategy, the company is also looking to focus on the on the electric three-wheeler segment with its L3 and L5 platforms

www.businesstoday.in

 

[Cheepek]

View: https://youtu.be/UvGwIFVUK7M

 

[vin pahadi (kumauni)]

E vehicles are the future.

If only every EV guys provide a model which does not have 10inch tablet.

i will only buy e vehicle, if two wheeler gives 300 km nd four wheeler gives 600 km real world range. may be possible in india in near 4-5 years. here i m talking about two wheeler priced near 3 lakh nd four wheeler near 30 lakh price range.

 

[Aaj Ka Hero]

View: https://twitter.com/haldilal/status/1831656023058526317

Haldi bhai, how much NCP mill owners benefit from this?

 

[SKC]

i will only buy e vehicle, if two wheeler gives 300 km nd four wheeler gives 600 km real world range. may be possible in india in near 4-5 years. here i m talking about two wheeler priced near 3 lakh nd four wheeler near 30 lakh price range.

Why would you need a two-wheeler with 300km range in City?
As far as I remember the ICE scooters comes with meagre 4-5L fuel capacity only and they run similar range as EV scooters, maybe little more.

People with existing EV cars from Tata, MG and Mahindra are doing like 1000KM trips with some planning. Heck someone took his Punch of Nexon EV on Leh trip!​

 

[haldilal]

Haldi bhai, how much NCP mill owners benefit from this?

Ya'll that's a Private Sugar factor owned by Olam so no direct benefit to the NCP.

 

[Aaj Ka Hero]

Bhai log, Adani said this, what are all of your thoughts on this.

https://www.business-standard.com/amp/companies/news/india-to-add-1-trn-to-gdp-every-18-months-in-10-years-gautam-adani-124090501329_1.html

 

[ezsasa]

Bhai log, Adani said this, what are all of your thoughts on this.

https://www.business-standard.com/amp/companies/news/india-to-add-1-trn-to-gdp-every-18-months-in-10-years-gautam-adani-124090501329_1.html

First trillion : 1947-2008 - 61 years (largely socialism driven economy)
second trillion : 2008-2016 - 8 years (while recovering from 08 crash)
third trillion : 2016-2021 - 5 years (while managing a pandemic )
fourth trillion : 2021-2025(?) - 4 years (while two wars effecting trade)

61-->8-->5-->4(?)

GDP growth is not an entitlement, it has to be earned on merit.
if the public don't end up of burning down our own house just because of strong fleeting political opinions, quite possible to achieve the numbers .


edit : a small correction on wars has been made.

 

[crazywithmath]

First trillion : 1947-2008 - 61 years (largely socialism driven economy)
second trillion : 2008-2016 - 8 years (while recovering from 08 crash)
third trillion : 2016-2021 - 5 years (while managing a pandemic )
fourth trillion : 2021-2025(?) - 4 years (while two wars effecting trade)

61-->8-->5-->4(?)

Unfortunately, the Wuhan virus played a spoilsport. The trajectory would look different otherwise,

61 --> 8 --> 4 --> 3 --> 2(?)

We got pushed back by a cycle. Think KV Subramanian has talked about this before.

Notably, KVS does not see any long term impact (of the pandemic) on the Indian economy.