Indian Economy

[Nutcracker]

for reference, crude oil production costs in other countries . 2014 data.

View attachment 3148

Cost of Oil Production by Country - knoema.com

(Oct 2018) Global oil prices have fallen by more than 30 percent since the summer of 2014, affecting oil producers and consumers alike. This dashboard presents oil price dynamics and the breakeven oil prices—minimum oil price to cover general government expenditures—over the past decade as well...

knoema.com

Norway is printing money by producing at about same rate as Bombay high. They piled up a muti trillion dollar social fund, while we are we sleeping.

for reference, crude oil production costs in other countries . 2014 data.

View attachment 3148

Cost of Oil Production by Country - knoema.com

(Oct 2018) Global oil prices have fallen by more than 30 percent since the summer of 2014, affecting oil producers and consumers alike. This dashboard presents oil price dynamics and the breakeven oil prices—minimum oil price to cover general government expenditures—over the past decade as well...

knoema.com

Btw Above data is pretty old. Canada has drastically reduced production cost.

 

[Nutcracker]

Key points of the Mukhya Mantri Yuva Karyaprashikshan Yojana scheme, Maharashtra:

1. The Mukhya Mantri Yuva Karyaprashikshan Yojana scheme offers a monthly stipend of ₹6,000 to ₹10,000 to young people for six-month internships, depending on their qualification.

2. Beneficiaries who have passed Class 12 will receive ₹6,000, diploma holders will receive ₹8,000, and graduates and postgraduates will receive ₹10,000.

3. The scheme allows students to work in any business or non-profit organization of their interest for a semester, and a mobile application and offline centers will be set up for registration.

4. A week-long training in soft skills and domain-specific knowledge will also be provided.

Notably, the government has not fixed any filtering or qualifying criteria, making the scheme potentially accessible to all applicants, presumably targeting around 10 Lakh contenders.


View: https://x.com/THE_SQUADR0N/status/1813490358283542618

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Freebie is the final antidote, it's the only way to put a lid on caste kanging youth/ males of Maharashtra. If they are curbed whole family can be swayed.

 

[crazywithmath]

.
Freebie is the final antidote, it's the only way to put a lid on caste kanging youth/ males of Maharashtra. If they are curbed whole family can be swayed.

Even relaxing the LPG prices would have helped - they were, essentially, charging a premium even when prices were falling all across the globe. But no, Modi and co were planning to offer their carefully crafted fiscal discipline to the opposition on a platter - they made the same mistake in Karnataka but refused to learn from it.

 

[Suryavanshi]

Even relaxing the LPG prices would have helped - they were, essentially, charging a premium even when prices were falling all across the globe. But no, Modi and co were planning to offer their carefully crafted fiscal discipline to the opposition on a platter - they made the same mistake in Karnataka but refused to learn from it.

Need to control things that people feel the pain of daily or monthly: Petrol, LPG.

Food items price cannot be Control at the very least gov should think of reducing the prices of things that they have direct control over.

 

[crazywithmath]

Need to control things that people feel the pain of daily or monthly: Petrol, LPG.

Would have made economic sense too - given the stagnant consumption.

 

[angryindian]

Finally, good sense prevailed..........

 

[GGBOZZ]

Finally, good sense prevailed..........

View attachment 3299

This fiasco was to throw dust into the eyes of people and divert attention from the main issue which is the 180 cr scam done by the current government to which the administration confessed in the vidhan sabha as being of 90 cr.

Karnataka CM Siddaramaiah admits in Assembly Rs 90 crore scam in ST development body | Bengaluru News - Times of India

Karnataka CM Siddaramaiah acknowledged a Rs 89.6 crore scam in the Karnataka Maharishi Valmiki ST Development Corporation, differing from the oppositi

timesofindia.indiatimes.com

 

[karn]

Finally, good sense prevailed..........

View attachment 3299

No it did not . As I said in the politics thread.

It violates 2 provisions in the constitution so that is a given that it will be struck down in courts. The assholes that are introducing it know it and this gives them the optics of "oh we tried but courts struck it down". But who is going to explain this 3d chess move to investors. Good for literally every state that is trying to get this low effort high return industry into their state.

 

[darkflame]

https://www.business-standard.com/economy/news/imf-raises-india-s-gdp-growth-forecast-by-20-basis-points-to-7-for-fy25-124071600970_1.html

IMF raises India's GDP growth forecast by 20 basis points to 7% for FY25​

 

[SKC]

Norway is printing money by producing at about same rate as Bombay high. They piled up a muti trillion dollar social fund, while we are we sleeping.

Btw Above data is pretty old. Canada has drastically reduced production cost.
View attachment 3253

Norway has population of only 54 lakhs! 5.4 million only!

They have expenditures for managing 5.4 millions only. Their oil production goes in export mostly. Internally they are pushing for more and more EVs.

So, obviously they are going to have surplus budget and invest in Pension funds for the times when Oil runout.

 

[SKC]

.
Freebie is the final antidote, it's the only way to put a lid on caste kanging youth/ males of Maharashtra. If they are curbed whole family can be swayed.

Whatever works for the Political parties. If people have decided, they will vote as per what freebies parties are willing to offer rather than development then what option does BJP/Congress and others have.

 

[darkflame]

https://www.moneycontrol.com/news/b...growth-at-11-mc-economists-poll-12771730.html

Fiscal deficit at 5% of GDP for FY25, nominal growth at 11%: MC Economists Poll​

 

[angryindian]

An Indian crypto exchange got hacked and the hackers stole $234.9M


Worst of all....... North Korea is suspected of being behind this

 

[FalconSlayers]

View: https://x.com/economics/status/1814098204004061203

 

[Tibarn]

Slow and steady rise upward.

 

[abdus salem killed]

https://www.aninews.in/news/business/new-reservoir-tested-at-assams-dirok-gas-field-with-6-mscf-of-gas-per-day-hardeep-puri20240719112443/

How much is this?

 

[Varoon4]

View attachment 3574
Slow and steady rise upward.

Many people, including myself, would be surprised that India is above South Korea and Mexico. But if you think about it, it makes sense. The sheer size of India and its history of development has made it a manufacturing force. It simply produces a lot of things! But South Korea and Mexico must be ahead in manufacturing for the global market. India is coming along in that.

 

[ArjunMK1A]

Many people, including myself, would be surprised that India is above South Korea and Mexico. But if you think about it, it makes sense. The sheer size of India and its history of development has made it a manufacturing force. It simply produces a lot of things! But South Korea and Mexico must be ahead in manufacturing for the global market. India is coming along in that.

South Korea is clearly an Industrial heavyweight compared to us. Indian companies are still in Baniya mode and try to do risk free jobs and lobby against changes.

 

[Nutcracker]

https://www.aninews.in/news/business/new-reservoir-tested-at-assams-dirok-gas-field-with-6-mscf-of-gas-per-day-hardeep-puri20240719112443/

How much is this?

0.25 Million cubic meter daily production.
compare to 170 M cubic meter daily consumption , and expected to grow upto 500 M by 2030.

 

[sameer]

About time. FTA's with both SK and ASEAN should be renegotiated.


View: https://x.com/DivaJain2/status/1814175953905434989