Indian Economy

[Delta Squad]

Saar, repeating again...

"It's over" means:
View attachment 11136

 

[SKC]

Saar, repeating again...

"It's over" means:
View attachment 11136

Its over for the 1008th time!
and until we meet again in Feb 2025!

 

[shade2]

People need to understand that India is not the US or Developed world that can blackmail companies with Unions.India is a country that is struggling to industrialize and is in fierce competition with more than a dozen countries for investments. This sort of shenanigans at this stage of development will push companies to leave the country altogether or stop expansion and exports.

This is not the central govt's doing ofc.
This is also not the TN Govt's doing, the whole point of investing in TN apart from "muh port" and "muh supply chain" is that both the major parties there are dhandho friendly including Stalin's DMK, you keep them happy and these sorts of incidents shouldn't happen.

Anyway i think both this strike and the Tata iphone casings plant fire are both a Chini-America joint-venture to kill Make in India

Samsung has a large set of facilities in North Vietnam purely for global exports and Apple ofc has it's main production base in China for iPhones( Macbook and iPad in north Vietnam )

I can ofc hear shills in the boardrooms saying that India is a bad place to invest and we must look to Vietnam etc.

 

[shade2]

It's over

View: https://x.com/CNBCTV18Live/status/1842069366474494209

Nothing is over.

We follow this pattern every year. It will rise up again from October then again a dip at end of Jan and then again a rise from March-April.

Saar, repeating again...

"It's over" means:
View attachment 11136

Har mahine iska upar niche hota hai.
Ignore karo as it is it doesn't seem to correlate to reality.

 

[SKC]

Har mahine iska upar niche hota hai.
Ignore karo as it is it doesn't seem to correlate to reality.

 

[Blademaster]

Saar, repeating again...

"It's over" means:
View attachment 11136

No it’s not over because if it was over than the PMI would be less than 50. The idea of PMI 50 is to show what baseline that the manufacturing is growing or is declining. As long as you have above PMI 50, your production is expanding.

 

[Roshan]

View: https://youtu.be/GQPymbqa08A?si=vsyFPjoPe9AxyQSe

Tipplers will like this one.

 

[Nutcracker]

View: https://x.com/total_woke_/status/1842066573038628880

 

[Anants]

Indian agency to give out sovereign ratings for global economies

India-based CareEdge Global IFSC Ltd – a subsidiary of CARE Ratings Ltd – will now issue sovereign ratings of global economies.

www.thehindubusinessline.com

Bigger Task is making it count in International Trade.

 

[Nutcracker]

Should've just stuck with PSUs for such schemes. Why to ruin working environment in private industries. Companies will obviously grab the money for their initial greed without looking at long-term implications.

View: https://x.com/mxtaverse/status/1842133965240754458

 

[FalconSlayers]

India's forex reserves hit all-time high of $704.89 billion, up $12.5 billion as of Sept 27

Indias forex reserves reached a record high of $704.89 billion as of September 27, marking a $12.5 billion increase. The rise includes surges in foreign currency assets and gold reserves, while SDRs increased and the IMF reserve position saw a slight dip. The RBI continues to intervene to manage...

economictimes.indiatimes.com

 

[rockdog]

Tata Steel commissions ‘India’s largest blast furnace’ at Kalinganagar

Tata Steel commissions India's largest blast furnace at Kalinganagar, Odisha, boosting production capacity and showcasing advanced engineering prowess.

www.thehindu.com

World's largest blast furnace is on track for summer launch

cisdigroup.com.cn

 

[shade2]

Samsung Electronics workers’ protest enters fourth week, threatens to dent India’s ‘manufacturing hub’ dream

The workers are protesting since September 9 over hike in wages, union recognition and working time of 8 hours at the plant, which accounts for a fifth of Samsung’s 2022-23 India annual revenue of $12 billion.

www.businesstoday.in

Samsung Electronics workers’ protest enters fourth week, threatens to dent India’s ‘manufacturing hub’ dream​

Posting relevant details

Police on October 3 had detained 912 workers and union members for organising a street protest as the strike entered its fourth week. They detained workers were released later, Reuters reported.

A case has been registered against the workers under eight sections, ANI reported.

CITU state President, Soundarrajan, said that the government has not taken any measures to support the workers, despite promising to support them before coming to power.

“Before coming to power, they had promised that they will solve the issue faced by workers and would have great support but the government didn’t support in it and still we are with their (DMK) Alliance we won’t encourage this and we condemn it,” he added.

The protest has gained momentum, with CITU-affiliated trade unions joining in solidarity. Soundararajan expressed the CITU's frustration over delays in union recognition.

Tensions escalated on September 16 when police reportedly detained approximately 120 employees, including a CITU district secretary. Soundararajan criticized the police action and subsequent warnings against protests in Chennai.

Soundararajan added that CITU-affiliated unions may consider expanding protests across the state and called for support from other political parties and organisations.

Either Stalin is a total bitch who can't even handle some Cumrades, as shown by the 12 Hour optional work day Bill fiasco and the current strikes drama

Tamil Nadu assembly passes Bill allowing 12-hour work days, DMK allies, Opposition walk out

DMK allies say Bill favours corporate firms & negates labourers' struggle, even as Labour minister C. V. Ganesan assures it will provide 'flexible working hours'.

theprint.in

Tamil Nadu Withdraws 12-Hour Shifts A Day Rule In Factories

The Tamil Nadu government has withdrawn the Factories (Amendment) Act 2023, which extended the working hours to 12 a day, in the interest of workers, Chief Minister M K Stalin said on Monday.

www.ndtv.com

OR

This is a part of some Americunt scheme happening with his full cooperation to discourage manufacturing investment into India.
However i don't understand why will he want to kill his own golden geese, this is some cut the nose to spite the face shit if true.

 

[shuturmurg]

Samsung Electronics workers’ protest enters fourth week, threatens to dent India’s ‘manufacturing hub’ dream

The workers are protesting since September 9 over hike in wages, union recognition and working time of 8 hours at the plant, which accounts for a fifth of Samsung’s 2022-23 India annual revenue of $12 billion.

www.businesstoday.in

Samsung Electronics workers’ protest enters fourth week, threatens to dent India’s ‘manufacturing hub’ dream​

Posting relevant details





Either Stalin is a total bitch who can't even handle some Cumrades, as shown by the 12 Hour optional work day Bill fiasco and the current strikes drama

Tamil Nadu assembly passes Bill allowing 12-hour work days, DMK allies, Opposition walk out

DMK allies say Bill favours corporate firms & negates labourers' struggle, even as Labour minister C. V. Ganesan assures it will provide 'flexible working hours'.

theprint.in

Tamil Nadu Withdraws 12-Hour Shifts A Day Rule In Factories

The Tamil Nadu government has withdrawn the Factories (Amendment) Act 2023, which extended the working hours to 12 a day, in the interest of workers, Chief Minister M K Stalin said on Monday.

www.ndtv.com

OR

This is a part of some Americunt scheme happening with his full cooperation to discourage manufacturing investment into India.
However i don't understand why will he want to kill his own golden geese, this is some cut the nose to spite the face shit if true.

He is bitch who can't handle cumrades

 

[Vinash]

No it’s not over because if it was over than the PMI would be less than 50. The idea of PMI 50 is to show what baseline that the manufacturing is growing or is declining. As long as you have above PMI 50, your production is expanding.

TIL

 

[crazywithmath]

Should've just stuck with PSUs for such schemes. Why to ruin working environment in private industries. Companies will obviously grab the money for their initial greed without looking at long-term implications.

View: https://x.com/mxtaverse/status/1842133965240754458

INC IT cell coolies are funny. Their clown prince screams 'Kaun Jaat ba' from the top of his lungs while the IT celliyas pretend to be 'viraat Hindutva chads' online and keeps shitting on the ruling party for 'reservations' and shiet (quoted user is a congi leader; was doxxed a few months back).

 

[Cheepek]

Indian agency to give out sovereign ratings for global economies

India-based CareEdge Global IFSC Ltd – a subsidiary of CARE Ratings Ltd – will now issue sovereign ratings of global economies.

www.thehindubusinessline.com

Bigger Task is making it count in International Trade.

No, biggest challenge is robustness

 

[Suryavanshi]

INC IT cell coolies are funny. Their clown prince screams 'Kaun Jaat ba' from the top of his lungs while the IT celliyas pretend to be 'viraat Hindutva chads' online and keeps shitting on the ruling party for 'reservations' and shiet (quoted user is a congi leader; was doxxed a few months back).

Source I though it was a bhosdapiller.

 

[crazywithmath]

Source I though it was a bhosdapiller.

Don't have any; left Twitter long back. Guy is an IIMian and a low/mid tier INC leader; some of his batchmates were involved in the exposé. Deactivated his @ after getting doxxed; thought he would never come back but man, was I wrong!

A lot of bhosdapiilars are INC IT celliyas btw; he was not the only one to get doxxed.

EDIT: From a quick Google search;


View: https://twitter.com/Openatic/status/1748575202798424478

 

[Anants]

No, biggest challenge is robustness

Yeah given last month only they paid penalties to SEBI for regulatory issues.