Clicked at an opportune time. The locality is a nightmare with its traffic jams. It is low lying - hence "Lower Parel" - so in every monsoon it gets flooded. A plethora of high rises has made it worse.
have we seen it reach this stage before though? Something seems different this time...but you are right, lets see.
Five proposals worth $20.5-billion to set up chip, display fabrication units
Vedanta Foxconn JV, IGSS Ventures and ISMC propose to set up electronic chip manufacturing plants with USD 13.6 billion investment and have sought support of USD 5.6 billion from the Centre under the Rs 76,000 crore Semicon India Programme.indianexpress.com
Paro also posted the official release from IN govt a bit above.
Around 2004, Andhra Pradesh's TDP govt formulated an ambitious plan to setup a "fab city" outside Hyderabad with lucrative incentives after successfully bringing in the IT industry. Matter of fact, Hyderabad's IT sector was at a much larger scale compared to Bangalore until 2007 or so but when Congress govt came into power post 2005, they screwed up industrial and economic development.
Banglore always had IT sector may times bigger than Hyderabads. in fact Hyderabad's only started in the 2000s. Bangalore's picked up before dotnet around 1995 bpo surge.
Bangalore's kinda stalled in the early 2000s' (though the boom started earlier than Hyd)...around the time when companies were opting Hyd over B'lore
Andhra is on its way to compete with Pakistan economically. Its that bad. They are soon going to reach a level of irrecoverable debt.
Problem is people, particularly the lower middle class and below poverty line folks still prefer the current govt since he's offering freebies, schemes and monthly stimulus money into their accounts making em lethargic AF and eliminating their need to work and make money.
Is this a regular train or more like one of those inter-city trains...similar to Mumbai local or Hyderabad's MMTS
Gauge is a major difference ,plus aluminium body too
Are we heading towards a major recession? I don't see markets improving anything soon. Everything going sideways.Govts spending like drunk sailors! Aswath Damodaran on why inflation is biggest risk
Aswath Damodaran, one of the most forthright global voices on markets and investment,says: "My biggest worry for the next year is how inflation is going to behave. I think that is going to be the test for markets. So let's get focused on the real issues and economy. And let's stop using central...economictimes.indiatimes.com
FinMin to monitor revenue, expenditure on daily basis from Mar 15 to keep fiscal deficit in check
The move comes against the backdrop of a possible deferment of the initial public offering (IPO) of LIC, which was expected to fetch over Rs 60,000 crore, to the next financial year in view of the ongoing Russia-Ukraine war and its implication on Indian markets.
Talk about govt scamming the public. Digital currencyIndia to launch its own digital currency in 2022-2023
- India’s central bank will issue a digital rupee in the 2022-2023 financial year which begins Apr. 1.
- India’s finance minister Nirmala Sitharaman said the introduction of the digital rupee would be based on “blockchain and other technologies.”
- India would be one of the world’s largest economies to introduce a so-called central bank digital currency (CBDC) if it sticks to its plans, following in the footsteps of China which is testing a digital yuan.
Two thousand rupee notes on display with an Indian flag in the background.
Manish Rajput | SOPA Images | LightRocket via Getty Images
India’s central bank will launch a digital version of the rupee in the next financial year, the country’s finance minister said on Tuesday.
“Introduction of a central bank digital currency will give a boost, a big boost to the digital economy,” Nirmala Sitharaman said as she delivered the country’s annual budget. “Digital currency will also lead to a more efficient and cheaper currency management system.”
The Reserve Bank of India will introduce the digital rupee in the 2022-2023 financial year which begins on Apr. 1.
Sitharaman gave no details about how the digital rupee would work or what it would look like, but said it would be introduced “using blockchain and other technologies.”
Blockchain refers to the technology that was originally created alongside bitcoin, but the definition has since evolved as its applications have moved beyond cryptocurrencies.
India would be one of the world’s largest economies to introduce a so-called central bank digital currency (CBDC) if it sticks to its plans.
China has been working on a digital version of its yuan since 2014 and is furthest ahead when it comes to launching CBDCs globally.
Over the past two years, the People’s Bank of China has been carrying out trials in the form of lotteries, where digital yuan is handed out to citizens in certain cities for them to spend. More recently, the central bank has looked to expand the use of the digital yuan. China has not launched its digital currency nationwide yet and has no timeline to do so, however.
Elsewhere, Japan is looking into its own CBDC, and the U.S. Federal Reserve last month released a study into a digital dollar, but did not take a firm position on whether it would issue one.
While India is pushing forward with a digital rupee, it has tried to take a tougher stance on cryptocurrencies like bitcoin and is currently working on regulation for the sector.
On Tuesday, Sitharaman said income from the transfer of virtual digital assets should be taxed at rate of 30%.
https://www.cnbc.com/2022/02/01/ind...launch-in-2022-2023-finance-minster-says.html
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