All things Money Thread

citymonk

Super User
The spike in the unemployment rate indicates that this surge in job seekers was highly disappointed. They could not find jobs.
Do you mean this too is fault of Government.
Sir these are pandemic crisis and no body can help in this situation.

Our PM has rightly said 'Jaan hai to Jahan hai'.
Rest can be taken care later.
 

citymonk

Super User
PM Modi's pandemic messaging has been mostly directed at the middle class and elites and there's little empathy for the poor millions. Is he losing his political touch?

Shekhar Gupta writes

Vande Bharat vs Bharat ke Bande: Is Modi losing his political touch?

Please try to understand Blaming every thing on PM will not help anybody.

India under Modi is much better then many Developed Countries.

Turkey has even banned its Banks to operate.

 

Big Daddy

Super User
Our PM has rightly said 'Jaan hai to Jahan hai'.
Rest can be taken care later.
The thing is that for a lot of people their Jaan is dependent on employment and resulting paycheck. I still think that the tradeoff was not worth it for India. Even if a vaccine is not developed, the population will develop immunity towards this virus.
 

adsatinder

explorer
Do you mean this too is fault of Government.
Sir these are pandemic crisis and no body can help in this situation.
Our PM has rightly said 'Jaan hai to Jahan hai'.
Rest can be taken care later.
All the Blame is going to be on Muslims & Corona.
All Economic Failures and Polictical / Diplomatic Relationships etc are going to be blamed on these 2 scapegoats easily.
Modi Media is blaming both openly and furiously.
Un employment and weak / slow economic growth is not an agenda anymore on Public Platforms.
Why ?
If children and wife are stuck in far place and family head has to arrange money to take them on bus or train should be priority or
money should be spent on buying Aeroplanes.
It means Husband has no attachment with his family or children.
Such Husbands should be thrown out of Society.

Poor People are moving on roads daily even if it is banned,
Section 144 is imposed in almost all the states.
It is criminal Offence and they can be jailed.
Who is going to put them in jail ?
Why ?

Poor can carry on moving on foot and not on Rails or Buses.
Govt is to going buy Aeroplanes for PM & President only.
Why ?
 

adsatinder

explorer
Two Boeing wide-body planes for Modi, Kovind, Naidu to cost Rs 8,458 crore

Aircraft are part of Air India's 2006 order of 68 aircraft given to US-based aircraft maker Boeing; once inducted, these aircraft will be used exclusively for travel of VVIPs unlike now when Boeing 747s are used for more than just 'VVIP travel'

twitter-logo Manu Kaushik New Delhi Last Updated: February 3, 2020 | 22:06 IST


Two Boeing wide-body planes for Modi, Kovind, Naidu to cost Rs 8,458 crore


While the deal was struck in 2006, it's unlikely that the prices negotiated at that time will be applicable on deliveries scheduled this year


In the recent Budget speech by Finance Minister Nirmala Sitharaman, a total of Rs 810.23 crore was allocated for the purchase of two new aircraft for Special Extra Section Flight (SESF) operations. This provision is on top of an estimated Rs 4,741.85 crore allocated by the government over the past two years -- 2018/19 and 2019/20. The two aircraft (Boeing 777-300ER), which would replace the nearly 25-year-old Boeing 747 used by Air India to ferry President Ram Nath Kovind, Vice-President Venkaiah Naidu and Prime Minister Narendra Modi, are likely to be inducted by July.
These aircraft will go with Air India One sign. Air India One (also referred to as AI-1 or AIC001) is the call sign of any aircraft with the President or Prime Minister of India on board.
The aircraft are reportedly part of Air India's 2006 order of 68 aircraft given to US-based aircraft maker Boeing. Once they are inducted, these aircraft will be reportedly used exclusively for the travel of VVIPs unlike now when the Boeing 747s are used for more than just 'VVIP travel'.
Thus far, the national carrier has denied sharing the cost of these aircraft but a back-of-the-envelope calculation show they are going to cost about $1.18 billion (over Rs 8,458 crore at the current exchange rate) to the exchequer.

How? There are four key components of these special aircraft: the engines, cabin configuration, missile defence system, and the aircraft themselves.

While the deal for the aircraft was reportedly struck in 2006, it's unlikely that the prices negotiated at that time will be applicable on the deliveries scheduled this year.
As per Boeing, the current list price of Boeing 777-300ER (ER stands for extended range) is $375.5 million. The list price of this aircraft has gone up substantially since the 2006 deal. For instance, between 2014 and 2020, the list price has moved up $55.3 million apiece. Of course, these are "rack-rates" and the actual price will be different -- depending on the negotiations between Boeing and Air India (or in this case, the government of India).
The second big element of the aircraft is the missile defence system - Large Aircraft Infrared Countermeasures (LAIRCAM) and Self-Protection Suites (SPS) - which is expected to cost $190 million, as per some reports that appeared last year when the deal for these systems were signed between US and India.

The advanced system will make the aircraft of Indian VVIPs as safe as Air Force One (Boeing 747-200B) used by US President Donald Trump. It's because of these missile defence system that the aircraft will be operated by IAF (Indian Air Force) as they only have the capabilities to operate such systems.
Air India has been training IAF pilots to operate the long-haul aircraft since the national carrier has pilots with type-rated training to fly Boeing 777. Air India has been operating them for several years now; the first such aircraft was inducted in its fleet way back in 2007.

In his reply in the Lok Sabha, the former junior aviation minister Jayant Sinha had said that the cost of cabin reconfiguration was estimated at $132 million in 2018 for both the aircraft as against the initial estimates of $180 million.
The last cost component is engines. Since it's a twin-engine plane, four GE90-115BL engines have to be bought. However, it's highly likely that the government will keep some spare engines to minimise downtime during overhaul and maintenance. The total cost of these engines is expected to be $110 million (at 2011 prices) -- if not more.
The government has allocated Rs 5,552.08 crore for these aircraft so far, which essentially means it will have to earmark over Rs 2,900 crore more in the years to come. As Boeing, which is customising the aircraft at its Dallas facility, gets ready for delivery by the middle of the year, it's time to know how much they are going to set us back by.

Two Boeing wide-body planes for Modi, Kovind, Naidu to cost Rs 8,458 crore
 

adsatinder

explorer
No Food No Money for accommodation
What to do now ?
Do or Die !

Work (Not available)
or
Move to their own village. (No Public Transport)

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adsatinder

explorer
The Covid-19 crisis provides an opportunity to begin the process of normalising India-Pakistan trade. What are the relevant considerations?

Read #BSOpinion by Sanjay Kathuria writes

 

adsatinder

explorer
PM Modi Announces Rs 20 Lakh Crore Economic Package And Lockdown 4

PM Modi speech: "Details of lockdown 4 will be shared after suggestion from states, before May 18," PM Modi said, addressing the nation for the third time since he announced a total lockdown in late March.

All IndiaReported by Sunil Prabhu, Edited by Deepshikha GhoshUpdated: May 12, 2020 11:23 pm IST


New Delhi:
Prime Minister Narendra Modi today announced a Rs 20 lakh crore stimulus package to tackle the impact of coronavirus and weeks of lockdown. India would not be controlled by the virus, he said, also announcing "lockdown 4" after May 17 in a "completely different form", with new rules.
The special economic package, equivalent to around 10 per cent of India's GDP, would be the main component of "Aatma Nirbhar Bharat" or self-reliant India, the Prime Minister said, addressing the nation for the third time since he announced a total lockdown in late March.
Details of lockdown 4 would be shared before May 18, following suggestions from states, said the PM.
"Corona will be with us for a long time but our lives cannot revolve around it. We will wear masks, we will follow doh gaj doori (six-foot distance), but we won't let it derail our targets," he stressed.
Recent decisions by the Reserve Bank of India (RBI) and an earlier package announced at the start of the lockdown, combined with today's package, would add to a stimulus of about Rs 20 lakh crore, he said as he announced the widely anticipated move on Day 50 of the lockdown.
"The package will focus on land, labour, liquidity and law; it will help small businesses, labourers, farmers, the middle class and cottage industries. It will focus on the well-being of migrant workers too," said the PM.
"Day labourers, migrant workers have suffered much in this period. It is our duty now to do something for them."
Finance Minister Nirmala Sitharaman will address a series of press conferences in the coming days to give further details, he said.

Top sources say the package may include the wage bill of companies as an incentive to retain their employees. There may also be provisions for migrant labourers and the self-employed.
The government credits its strict shutdown of almost all activity for limiting the number of virus cases and deaths. But thousands of people have been badly hit, especially the poor and migrant workers, many of whom have lost their jobs.
The coronavirus pandemic, PM Modi said, had ravaged the world and "we have never seen or heard of a crisis like this."
India, he said, must realize its potential as the lead player in the 21st century by focusing on its self-reliance.
He listed what he called five pillars for self-reliance: "Economy with potential for quantum jump, infrastructure, technology-driven system, demography and an intelligence-driven supply system where the strength of our demand and supply chain should be utilized to full capacity."
The PM had yesterday held a six-hour meeting with Chief Ministers on the road ahead after May 17, when the third phase of the nationwide coronavirus lockdown is due to end.


PM Modi Announces Rs 20 Lakh Crore Economic Package And Lockdown 4
 
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