General Trading Chat

Ye sajjan toh sir pe kafan bandh ke interview de rahe hai... :) He was the one who backtracked on "foreign borrowing" budget... he should have stuck to it IMO because the slide had precipitated then... now suddenly he's grown a spine... not done.

India’s lockdown strategy was faulty, economy to contract 10% this fiscal: Former finance secretary SC Garg
The former finance secretary went on to say that the 2020-21 fiscal will go down in the history of India as the year when India got way-laid from its story of three decadal outstanding growth.

https://www.financialexpress.com/ec...cal-former-finance-secretary-sc-garg/1979272/
Easy to find faults when one is not in the hot seat.
 
ACs made in India but costlier: experts red-flag return to ’70s
https://indianexpress.com/article/i...tlier-experts-red-flag-return-to-70s-6441545/

From the article :
.... "India imports more than 30 per cent of the domestic demand for ACs. "
.......... "
The draft plan proposes an increase in basic Customs duty for nine components that go into the making of air conditioners:
doubling the basic Customs duty on six key components – PCB controller, motor of the outdoor or indoor unit, cross flow fan, evaporator, metal parts used as body of outdoor unit and plastic part of indoor unit to 20 per cent; on the outdoor unit and indoor unit of the AC to 30 per cent from 20 per cent; on service valves from 7.5 per cent to 20 per cent; and on compressor from 12.5 per cent to 20 per cent.

"

Now, those "nine" components sound like 99% of the machine..
 

siddhant4u

Well-Unknown Member
ACs made in India but costlier: experts red-flag return to ’70s
https://indianexpress.com/article/i...tlier-experts-red-flag-return-to-70s-6441545/

From the article :
.... "India imports more than 30 per cent of the domestic demand for ACs. "
.......... "
The draft plan proposes an increase in basic Customs duty for nine components that go into the making of air conditioners:
doubling the basic Customs duty on six key components – PCB controller, motor of the outdoor or indoor unit, cross flow fan, evaporator, metal parts used as body of outdoor unit and plastic part of indoor unit to 20 per cent; on the outdoor unit and indoor unit of the AC to 30 per cent from 20 per cent; on service valves from 7.5 per cent to 20 per cent; and on compressor from 12.5 per cent to 20 per cent.

"

Now, those "nine" components sound like 99% of the machine..
What Market was expecting was PV Narsimha Rao but got Nehru... ;)
 

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