India's Jet Airways collapses as banks pull the plug

[PakSword]

One down....how many more to go?
This was not even a full blown war, just a 4 minute misadventure of crossing in to Pakistan.
Just a small sample of how devastating a real war could be

We have to save our own PIA man.. it is not a game of mutual destruction being played here..

 

[N.Siddiqui]

PKR is still at 100... not 142...
Kashkol is full...
Chinese LOANS are pouring into Pakistan...
KSA is a villain... dancing on USA tunes...

Today's reality is different... and if Modi wins in ongoing election... which he will (opposition can blame it on EVM)... you will see the fastest growing economy growing faster...

Lol!! It is about having guts to admit it and not falling to political posturing...

An economist says India lacks the guts to even admit that it faces epic economic problems

The first quarter of 2017-2018 saw the growth of gross domestic product (GDP, the total value of all goods and services produced in a country in a year) drop to 5.7% from 7.9% in the corresponding period last year—the lowest rate in the three years the Bharatiya Janata Party (BJP)-led government has been in power. The index of industrial production (IIP) for July released on Sept. 12 came in at 1.2%, after contracting 0.2% in June, showing that manufacturing has not picked up. On the same day, the consumer price index (CPI) showed that the inflation rate had risen to a five-month high of 3.4%.

https://qz.com/india/1081126/an-eco...o-admit-that-it-faces-epic-economic-problems/

 

[Novice09]

The reality here...after 3 years of decline in exports...a mere increase is taken as big turnaround ignoring the earlier downturn. Modi-economics??

https://www.thehindubusinessline.co...900billion-target-for-2020/article9440783.ece

After demonetization and BADLY implemented GST... entire economy was in a state of shock... even we faced the heat in our business... but ground is clear now with strong foundation... and cash is not the king now...

 

[N.Siddiqui]

...and this is the final nail, could be....India is collapsing???

Punya Prasun Bajpai: ‘India is witnessing social collapse’

IN EARLY AUGUST, ANANDA BAZAAR PATRIKA, one of India’s leading media conglomerates, made headlines for the wrong reasons. Punya Prasun Bajpai, a veteran journalist and primetime anchor on ABP News, the network’s flagship Hindi news channel, resigned. Milind Khandekar, the channel’s managing editor, did the same. Soon after, Bajpai published a blow-by-blow account of how “invisible forces” in the government, led by Prime Minister Narendra Modi and his Bharatiya Janata Party, had put intense pressure on Master Stroke, the hour-long show he anchored at 9pm every weeknight.

Modi has been in power since 2014 and faces re-election in mid-2019. During his term, concerns about press freedom in India have deepened. Journalists have been targeted, even killed, and there is shrinking space for critical reportage in legacy media, particularly around the Modi government; Amit Shah, the BJP president; andcorporations close to the the administration. India’s media owners, editors, and journalists are often restrained by self-censorship.

https://www.cjr.org/q_and_a/punya-prasun-bajpai.php

After demonetization and BADLY implemented GST... entire economy was in a state of shock... even we faced the heat in our business... but ground is clear now with strong foundation... and cash is not the king now...

...and Modi-economics is creating more Jobless Indians...(no no this is fake news by the Congis control media).

India lost 11 million jobs in 2018, rural areas worst hit: CMIE

Job scenario turned bleak in the past year, as almost 11 million Indians lost their jobs during 2018, a report by the Centre for Monitoring Indian Economy (CMIE) said. The analysis report showed individuals belonging to vulnerable groups being the worst hit by job losses in 2018.

The CMIE report showed that the number of unemployed has been steadily increasing in the country. The number of employed recorded in December 2018 was at 397 million, which is 10.9 million less than the figure of 407.9 million seen a year ago at the end of December 2017.

https://www.businesstoday.in/current/economy-politics/india-lost-11-million-jobs-in-2018-rural-areas-worst-hit-cmie/story/306804.htm

 

[Novice09]

Lol!! It is about having guts to admit it and not falling to political posturing...

An economist says India lacks the guts to even admit that it faces epic economic problems

The first quarter of 2017-2018 saw the growth of gross domestic product (GDP, the total value of all goods and services produced in a country in a year) drop to 5.7% from 7.9% in the corresponding period last year—the lowest rate in the three years the Bharatiya Janata Party (BJP)-led government has been in power. The index of industrial production (IIP) for July released on Sept. 12 came in at 1.2%, after contracting 0.2% in June, showing that manufacturing has not picked up. On the same day, the consumer price index (CPI) showed that the inflation rate had risen to a five-month high of 3.4%.

https://qz.com/india/1081126/an-eco...o-admit-that-it-faces-epic-economic-problems/

Do you know that we Indians have seen double digit inflation during UPA ERA (2004 - 2014)...

Sugar - Rs. 70-80/kg... now, 30-35
Salt - Rs. 150-200/kg... now, 10-15
Pulses - Rs. 200-250/kg... now, 50-100
Mobile bill (my personal)
1000-1200/month with 3gb 3g data
Now, 199 (unlimited calls and 1gb 4g data DAILY)

The only expensive products are petroleum products and LPG/CNG gases... cement and building material is also a BIT expensive but talks are on to decrease GST on cement... I don't have updated status of cement...

You can buy medicines at dirt cheap prices...

I don't know what inflation you are talking about...

 

[N.Siddiqui]

...India lost 11 million jobs in 2018....


Forget Job Creation, India is LOSING Jobs

Job destruction news
We generally start with good news, but this is the most important news on the jobs front this month, and perhaps this year. It’s shocking and it comes from a trusted source: CMIE. India lost 11 million jobs in 2018. Yes, lost jobs. Instead of creating jobs, the Indian economy lost 11 million jobs. Rural India (9.1 million jobs lost) and women (8.8 million jobs lost) bore the brunt of the job losses. Not surprisingly, the unemployment rate hit a 27 month high of 7.4% in December.

https://www.thinkpragati.com/opinion/jobscape/6813/forget-job-creation-india-is-losing-jobs/

The only expensive products are petroleum products and LPG/CNG gases... cement and building material is also a BIT expensive but talks are on to decrease GST on cement... I don't have updated status of cement...

What is the monthly expense of LPG/CNG for an average household in India...heard it is in excess of 800-1200 INR per month.
In Pakistan per month bill for natural gas/piped gas is about 200 Pak Rupees, in winters it increases due to geysers ran on natural gas...gas cylinders(LPG/CNG) is used very rarely in some areas, most of it is through piped connections.

For cars and vehicles CNG Prices In Pakistan. CNG (Compressed natural gas) prices in Pakistan are divided in two regions, Region-I price is Rs. 79.82 /Kg and Region-II price is Rs.84.95 /Kg.


Petrol and Diesel price Pakistan.

Super(Petrol) 98.89
Diesel 117.43



As for the lower price of sugar/salt/pulses you quoted, it is about demand and supply, after the demonetization and cash scarce, job losses, fall in disposable income in general there is bound to be less demand for household staple items and hence lower prices.

 

[swnjo]

...India lost 11 million jobs in 2018....


Forget Job Creation, India is LOSING Jobs

Job destruction news
We generally start with good news, but this is the most important news on the jobs front this month, and perhaps this year. It’s shocking and it comes from a trusted source: CMIE. India lost 11 million jobs in 2018. Yes, lost jobs. Instead of creating jobs, the Indian economy lost 11 million jobs. Rural India (9.1 million jobs lost) and women (8.8 million jobs lost) bore the brunt of the job losses. Not surprisingly, the unemployment rate hit a 27 month high of 7.4% in December.

https://www.thinkpragati.com/opinion/jobscape/6813/forget-job-creation-india-is-losing-jobs/




What is the monthly expense of LPG/CNG for an average household in India...heard it is in excess of 800-1200 INR per month.
In Pakistan per month bill for natural gas/piped gas is about 200 Pak Rupees, in winters it increases due to geysers ran on natural gas...gas cylinders(LPG/CNG) is used very rarely in some areas, most of it is through piped connections.

For cars and vehicles CNG Prices In Pakistan. CNG (Compressed natural gas) prices in Pakistan are divided in two regions, Region-I price is Rs. 79.82 /Kg and Region-II price is Rs.84.95 /Kg.


Petrol and Diesel price Pakistan.

Super(Petrol) 98.89
Diesel 117.43



As for the lower price of sugar/salt/pulses you quoted, it is about demand and supply, after the demonetization and cash scarce, job losses, fall in disposable income in general there is bound to be less demand for household staple items and hence lower prices.

Subsidized gas cost around 800 INR, nonsubsidised double
Why so cheap in Pakistan ? you are not even producing enough of it yourself? India will go bankrupt within a year if start selling LPG/Petroleum at those rate to 1 bilion population. Petroleum itself is our biggest and costliest import.

 

[N.Siddiqui]

Why so cheap in Pakistan ? you are not even producing enough of it yourself? India will go bankrupt within a year if start selling LPG/Petroleum at those rate to 1 bilion population. Petroleum itself is our biggest and costliest import.

Pakistan was natural gas surplus till a few years ago, even now about 70% of natural gas demand is met through local gas reserves.

As for the petroleum products about 70% of them is imported, Pakistan local production of petrol and diesel meets about 30% of requirement.

India economy is big and energy deficient and imports about 80% of its needs...

 

[Novice09]

...India lost 11 million jobs in 2018....


Forget Job Creation, India is LOSING Jobs

Job destruction news
We generally start with good news, but this is the most important news on the jobs front this month, and perhaps this year. It’s shocking and it comes from a trusted source: CMIE. India lost 11 million jobs in 2018. Yes, lost jobs. Instead of creating jobs, the Indian economy lost 11 million jobs. Rural India (9.1 million jobs lost) and women (8.8 million jobs lost) bore the brunt of the job losses. Not surprisingly, the unemployment rate hit a 27 month high of 7.4% in December.

https://www.thinkpragati.com/opinion/jobscape/6813/forget-job-creation-india-is-losing-jobs/




What is the monthly expense of LPG/CNG for an average household in India...heard it is in excess of 800-1200 INR per month.
In Pakistan per month bill for natural gas/piped gas is about 200 Pak Rupees, in winters it increases due to geysers ran on natural gas...gas cylinders(LPG/CNG) is used very rarely in some areas, most of it is through piped connections.

For cars and vehicles CNG Prices In Pakistan. CNG (Compressed natural gas) prices in Pakistan are divided in two regions, Region-I price is Rs. 79.82 /Kg and Region-II price is Rs.84.95 /Kg.


Petrol and Diesel price Pakistan.

Super(Petrol) 98.89
Diesel 117.43



As for the lower price of sugar/salt/pulses you quoted, it is about demand and supply, after the demonetization and cash scarce, job losses, fall in disposable income in general there is bound to be less demand for household staple items and hence lower prices.

Gas cylinder is of 701.50 (without subsidy)... after subsidy it is of 495... since, we have surrendered our subsidy on all connections, I don't know the exact price...
How it works now a days:
1. Book gas via mobile by calling
2. If online payment of 701.50 done... Rs 20 will be discounted
3. Within 3 days delivery boy will be at your doorstep
4. Pay in cash... if payment was not done online...
5. Within a month you will receive the difference in your bank account... I.e. 701.5 - 495 = 206.5

12 cylinder per year are provided on subsidy... post that you will stop getting the subsidise amount...

During UPA...
1. Call the agency... if call picked, book... if not, visit the agency and book...
2. Waiting period of 7/9 days...
3. Your cash memo would be generated and your gas would be delivered in 2/3 days...
4. If, not delivered, booking cancelled and entire process repeats...
5. When delivery boy comes pay 20/30 rupees MEHNATANA to him so that he will come on time from next month...


Bro, I don't know about other villages... but in our village and adjoining area... it is very hard to get labour... for wheat reaping, this year charges are (per bigha) INR 1400 + 1 gathiya bhusa... or INR 1200 + Pick and drop + 1 gathiya bhusa...
Labour is too expensive...
Reaper binder machines are charging INR 1000/bigha...
Reaper is charging 500/bigha...

People are minting money... you have to work if you want to earn... god is not going to drop food in your tummy... their is a crisis in Indian farm sector but it is due to UNEDUCATED FARMERS whose educated children don't want to do farming...

It is impossible to give government jobs to such huge population... specifically in this modern era which is highly mechanized and automated...


Further, your analysis on demonetization is correct for INITIAL MONTHS... Now, things are normal and businesses are running smoothly until you want to deal in cash... only pain in A$$ is daily changing rules and slabs of GST... Coupled with the BS portal...

The inflation crisis during UPA ERA was due to hoarding...

Pakistan was natural gas surplus till a few years ago, even now about 70% of natural gas demand is met through local gas reserves.

As for the petroleum products about 70% of them is imported, Pakistan local production of petrol and diesel meets about 30% of requirement.

India economy is big and energy deficient and imports about 80% of its needs...

Gold and petroleum are the biggest burden on our financials... and believe me, current government is doing a great job to curb it...

We are rapidly moving towards wind, water and solar to fulfil our energy needs...

 

[KapitaanAli]

Do you know that we Indians have seen double digit inflation during UPA ERA (2004 - 2014)...

Sugar - Rs. 70-80/kg... now, 30-35
Salt - Rs. 150-200/kg... now, 10-15
Pulses - Rs. 200-250/kg... now, 50-100
Mobile bill (my personal)
1000-1200/month with 3gb 3g data
Now, 199 (unlimited calls and 1gb 4g data DAILY)

The only expensive products are petroleum products and LPG/CNG gases... cement and building material is also a BIT expensive but talks are on to decrease GST on cement... I don't have updated status of cement...

You can buy medicines at dirt cheap prices...

I don't know what inflation you are talking about...

Inflation is also a sign of high demand.

Unemployment, a struggling economy and a decimated MSME sector means low demand for goods.

 

[Wow]

PAKISTAN and Pakistanis should be the last to talk about FINANCIAL MISMANAGEMENT AND CRISIS...

lol why

 

[Pakistani Aircraft]

Etihad invested 25% in this failing company? After this nonsense of Gulf billionaire pledging $800m for Notre Dame cathedral. Why do these Gulf Arabs keep throwing money away and not just give it to the poor.

Why don't you sell your computer and donate the money to the poor?

 

[shambhu]

The Indian economy will soon be in freefall. Thanks to the boasts of a Hindu hriday Samrat.


If this continues, soon majority of Indians will open the borders and ask Pakistan to take over the administration.

Why not ? Asad Umar is free from building economy of pakistan .

lol why

Because IMF is still not sure about giving money to bail out Pak economy.

 

[Mamadouso]

Why don't you sell your computer and donate the money to the poor?

So you think $800m to the Notre Dame cathedral is a worthy cause for Arab sheikh rather than spending it in Yemen or Syria?

 

[Pakistani Aircraft]

So you think $800m to the Notre Dame cathedral is a worthy cause for Arab sheikh rather than spending it in Yemen or Syria?

So you think it is worthy for you to waste your time on your computer instead of selling it to feed a poor child?