Indian Economy

[Azaad]

Mah Dude, these kids just shaped a chunk of metal via CNC machine! Nothing rocket science here. You put a program in CNC and it will shape the material on its own.

And on Teaching how to work on CNC, just follow few YouTube videos.​

That person in question also goes on to add carpentry , plumbing , electrician , etc basically any tradesman course as part of the curricula.

The idea is to appreciate getting one's hands dirty is also a ways & means of earning a livelihood as opposed to the usual means of earning a degree & becoming a clerk or investing both time & money in classes to write exams for entry tests for government exams where competition is 1 million per opening.

 

[ezsasa]

if i m not wrong trump is talking about reciprocal tariff on all countries....that makes US vs whole world economy. than many countries also put tariff on US goods. So compare to other countries, US will suffer most in their export numbers. In this situation, can we see dollar value go down?? coz definitely US share market is/will going down.

this time, too many trump induced variables are beyond my capacity to "calculate", that's why i relied of previous round of trump tariffs + delta to get to a rough baseline in that previous post of mine.

i guess we will have to wait for professional experts to do these calculations.

for example : let's take one variable. let's say he indeed goes ahead with tariffs on canada and mexico. tariff is paid by importer, which is ultimately paid by the consumer. usually this sort of "tax" mopup removes excess cash from the system into gormint coffers. traditional logic dictates, removing excess cash in the system reduces inflation. dollar strengthening/weakening abroad depends on how much dollar is available abroad. will his treasury department release enough USD to keep a balance outside of U.S? i don't know.

the guy is not just going after one variable, he is cutting another source of USD distribution channel i.e NGO grants. if that money too for now is not coming into the market. what impact will that have? i don't know.


for now, i am of the view that this is the best approach for us regular folks, till something actually happens.

 

[vin pahadi (kumauni)]

this time, too many trump induced variables are beyond my capacity to "calculate", that's why i relied of previous round of trump tariffs + delta to get to a rough baseline in that previous post of mine.

i guess we will have to wait for professional experts to do these calculations.

for example : let's take one variable. let's say he indeed goes ahead with tariffs on canada and mexico. tariff is paid by importer, which is ultimately paid by the consumer. usually this sort of "tax" mopup removes excess cash from the system into gormint coffers. traditional logic dictates, removing excess cash in the system reduces inflation. dollar strengthening/weakening abroad depends on how much dollar is available abroad. will his treasury department release enough USD to keep a balance outside of U.S? i don't know.

the guy is not just going after one variable, he is cutting another source of USD distribution channel i.e NGO grants. if that money too for now is not coming into the market. what impact will that have? i don't know.


for now, i am of the view that this is the best approach for us regular folks, till something actually happens.
View attachment 26812

seriously...isse better pic nhi mili tumhe lagane ko...

 

[SKC]

That person in question also goes on to add carpentry , plumbing , electrician , etc basically any tradesman course as part of the curricula.

The idea is to appreciate getting one's hands dirty is also a ways & means of earning a livelihood as opposed to the usual means of earning a degree & becoming a clerk or investing both time & money in classes to write exams for entry tests for government exams where competition is 1 million per opening.

Thats what NEP is trying to do - add trades in school curriculum.​

 

[Nibbler]

this time, too many trump induced variables are beyond my capacity to "calculate", that's why i relied of previous round of trump tariffs + delta to get to a rough baseline in that previous post of mine.

i guess we will have to wait for professional experts to do these calculations.

for example : let's take one variable. let's say he indeed goes ahead with tariffs on canada and mexico. tariff is paid by importer, which is ultimately paid by the consumer. usually this sort of "tax" mopup removes excess cash from the system into gormint coffers. traditional logic dictates, removing excess cash in the system reduces inflation. dollar strengthening/weakening abroad depends on how much dollar is available abroad. will his treasury department release enough USD to keep a balance outside of U.S? i don't know.

the guy is not just going after one variable, he is cutting another source of USD distribution channel i.e NGO grants. if that money too for now is not coming into the market. what impact will that have? i don't know.


for now, i am of the view that this is the best approach for us regular folks, till something actually happens.
View attachment 26812

also remember Trump is drill baby drill. OPEC wont just sit back and let their market share vanish

what does a hypthetical scenrio of $50/bbl oil mean? (only possible if opec opens the taps as most american shale is unprofitabl at this price)

I think that alone may offset most of possible negatives from trump

 

[ezsasa]

also remember Trump is drill baby drill. OPEC wont just sit back and let their market share vanish

what does a hypthetical scenrio of $50/bbl oil mean? (only possible if opec opens the taps as most american shale is unprofitabl at this price)

I think that alone may offset most of possible negatives from trump

when global oil prices drop, India oil export numbers also drop. about 30% of overall oil imports by $ value is exported as processed petroleum goods.

 

[Nibbler]

when global oil prices drop, India oil export numbers also drop. about 30% of overall oil imports by $ value is exported as processed petroleum goods.

lower oil prices are unequivocally a net positive for the indian economy

 

[ezsasa]

lower oil prices are unequivocally a net positive for the indian economy

what factors you have considered?

 

[eastern_bhartiya]

Thats what NEP is trying to do - add trades in school curriculum.​

Some bjd guys here were trying to portray it as, modi govt trying to add majdoori to curriculum coz they couldn't reduce unemployment.

 

[eastern_bhartiya]

lower oil prices are unequivocally a net positive for the indian economy

Positive in some departments.

 

[eastern_bhartiya]

Family-owned businesses contribute 70% to Indian GDP

KOCHI: Family-owned business enterprises play a pivotal role in India's economy, contributing 70 per cent of the country’s Gross Domestic Product (GDP) and acco

www.newindianexpress.com

Intresting fact

 

[johny_baba]

View: https://twitter.com/geniusparadox/status/1897147501603602552?s=19




View: https://twitter.com/BoredMallu/status/1897152976382497039?s=19

THIS *slams table, yells "THANK YOU"*

let me share some of my own life incidents;

as perhaps members are aware that i'm into retro gaming and all; i used to handle a lot of electronics stuff related to chinese tv game consoles, both at home and my uncle's friends' gaming shops;

they taught me a lot about soldering, finding basic faults, checking connections or connectivity of stuff, some basic level of TV repairing (reminder dealing with those CRT TV sets here, it's also damn dangerous at times because you deal with high voltage around the tube), replacing components, cleaning and all

it all came to my help a lot with handling computers too,
my laptop that i'm writing this post on, is literally on "life support" and totally near death - hinges are gone, keyboard is gone (i use USB keyboard), charging adapter is kept open so i can repair it at times, EVEN POWER BUTTON IS BUSTED AND I HAVE TO MANUALLY TURN IT ON BY SHORT-CIRCUITING SOME PINS WITH A NEEDLE OR BALLPOINT PEN
it's 2012 era machine, yeah damn old but works so i don't intend to replace it unless necessary

BUT, i could have never handled it all if i didn't get that experience from handling tv game consoles and tv sets, heck i even smoked lots of stuff including one tv, two computers (hehe) and other electrical/electronic stuffs at home - even got beaten for it...but i kept doing it in my capacity because there are kinds of faults that either have no technicians to handle or they just charge bigly for it...

 

[SKC]

Crude and Brent are hovering between $66-69 per gallon. If you consider the Transportation, refinement and processing cost then also it barely $1-5 extra. Rest of the stuff is simply State and Center taxes.

We can easily have a reduction of Rs 4-5 per liter for both Petrol and Deisel immediately.​

 

[Blademaster]

what factors you have considered?

If India keeps the price of oil the same even though the price has dropped it means that GOI gets extra money to spend on infrastructure projects just as it did back in 2020-23 when it used the windfall to jumpstart various infrastructure projects.

 

[crazywithmath]

Crude and Brent are hovering between $66-69 per gallon. If you consider the Transportation, refinement and processing cost then also it barely $1-5 extra. Rest of the stuff is simply State and Center taxes.

We can easily have a reduction of Rs 4-5 per liter for both Petrol and Deisel immediately.​

I was screaming this before the LS polls. The situation is so dire that the Ambanis have started gaining market share from the OMC PSUs by offering tiny discounts. But leaderji (yes, leaderji - Tai and Puri are here for gallery shows; they do not count) does not care - he cannot let go of his sweet PSU dividends. Even if they come at the cost of economic growth.

If India keeps the price of oil the same even though the price has dropped it means that GOI gets extra money to spend on infrastructure projects just as it did back in 2020-23 when it used the windfall to jumpstart various infrastructure projects.

Umm, no? The govt lacks capacity to spend more on meaningful capex. And capex alone cannot solve our growth woes.

 

[SKC]

I was screaming this before the LS polls. The situation is so dire that the Ambanis have started gaining market share from the OMC PSUs by offering tiny discounts. But leaderji (yes, leaderji - Tai and Puri are here for gallery shows; they do not count) does not care - he cannot let go of his sweet PSU dividends. Even if they come at the cost of economic growth.



Umm, no? The govt lacks capacity to spend more on meaningful capex. And capex alone cannot solve our growth woes.

90% this is due to this BS of Ladli/Ladla Yojnas running around the country. Most states don't want to let go off the extra Rs 3-4 per litre earning to keep budget afloat.

 

[crazywithmath]

90% this is due to this BS of Ladli/Ladla Yojnas running around the country. Most states don't want to let go off the extra Rs 3-4 per litre earning to keep budget afloat.

No, I do not think ladli behnas leave such big impact on their fiscal. This gormint has been saving for a decade, cutting down on expenditures they deem 'wasteful' and bullying states into complying. Just look at their deficit nos. Ignore the states, union gormint can cut prices by Rs 3-5/L and the resulting economic impact will be well worth it. It also makes business sense - when prices are raised citing movements of crude it is only natural to expect relief if crude is hovering below US$ 70 per barrel.

But will they? Lol, no. This gormint is tone deaf.

Instead of slashing income taxes to appease a tiny but vocal minority (who will anyway find something else to whine on) they should have slashed oil/LPG prices and rationalized GST. But then again, leaderji stopped reforming quite a while back, so.....

 

[Azaad]

'Hope he will pay taxes...': Mohandas Pai on boatman's family that earned Rs 30 cr at Mahakumbh in 45 days

During his address in the UP State Legislative Assembly, Chief Minister Yogi Adityanath revealed that the family possessed a total of 130 boats, which resulted in a collective net profit of Rs 30 crore over the course of the 45-day Mahakumbh.

www.businesstoday.in

 

[SKC]

No, I do not think ladli behnas leave such big impact on their fiscal. This gormint has been saving for a decade, cutting down on expenditures they deem 'wasteful' and bullying states into complying. Just look at their deficit nos. Ignore the states, union gormint can cut prices by Rs 3-5/L and the resulting economic impact will be well worth it. It also makes business sense - when prices are raised citing movements of crude it is only natural to expect relief if crude is hovering below US$ 70 per barrel.

But will they? Lol, no. This gormint is tone deaf.

Instead of slashing income taxes to appease a tiny but vocal minority (who will anyway find something else to whine on) they should have slashed oil/LPG prices and rationalized GST. But then again, leaderji stopped reforming quite a while back, so.....

These schemes are not light. In few states they have made a Budget from revenue surplus to in-loss budget.

Some states are now struggling to fund these schemes and are holding part payments.​