Wednesday, 16 August 2017

MODI GOVT TO MAKE 20 UNIVERSITIES WORLD CLASS

It is interesting to for nation to find on the wheels of progress but the government is selecting on the parameters which shall bring inertia to boost to the economy in future but the current,the fast and an immediate parameters are either not adhered to or failed to get them on board in-spite of Niti Aayog each day making loud announcements or high promises.
Prime Minister Narendra Modi has said that his government plans to invest one thousand crore rupees to transform 20 universities into world class educational institutions. In his Independence Day address at the Red Fort, Mr Modi said the Centre has taken an important step to grant the universities freedom from restrictions to make them world class universities.
He said that the government will not interfere in their functioning. The Prime Minister said he is confident that the education institutions of the country will certainly come forward and make it a success.Mr Modi added that the government had set up six IITs, seven new IIMs and eight new IIITs over the last three years.
Edit"Modi Govt to make 20 universities world class"

GERMAN COMPANIES FAILING TO ADD EVE MANAGEMENT

German Family Minister Katarina Barley arrives for the weekly cabinet meeting at the Chancellery in Berlin, Germany, June 7, 2017. REUTERS/Hannibal Hanschke/Files
A government minister on Tuesday blasted German companies for failing to add more women to their management boards, suggesting the government could impose quotas unless firms acted to boost the current rate of 6 percent.
Family Minister Katarina Barley, a Social Democrat (SPD), told the RND newspaper chain it was unacceptable that companies had failed to increase the percentage of women in leadership roles after years of promises.
“I give industry one more year to take care of the issue itself. If nothing has happened by then, we’ll have to take legislative action,” Barley told the newspapers in an interview to be published Wednesday.
“In many management boards, nothing has happened. Only 6 percent of directors are women. That can’t continue,” she said.
Barley is due to present a report to Chancellor Angela Merkel’s cabinet about the representation of women in leadership positions on Wednesday.
She said she had “no problem with an obligatory quota for women on management boards”, noting that years of pledges had not changed the situation and many companies had a target of zero.
Under German law, women must comprise 30 percent of the supervisory boards of large companies. But there is no law governing the makeup of management boards.
Barley’s Social Democrats are now the junior partner to Chancellor Angela Merkel’s conservatives in a “grand coalition,” but both parties hope to forge alliances with other small parties and lead the country after a parliamentary election on Sept. 24.
The latest Insa poll showed Merkel’s conservatives with 37 percent support, the SPD with 25 percent, and the anti-immigrant Alternative for Germany (AfD) party with 10 percent.
Both the pro-business Free Democrats and the far-left Left party had 9 percent support, while the pro-environment Greens were at 3 percent.
Edit"German companies failing to add eve management"

GOVT : GOOGLE, FB, MICROSOFT, OTHERS TO REMOVE BLUE WHALE LINKS

The government directed internet majors Google, Facebook, WhatsApp, Instagram, Microsoft and Yahoo to immediately remove links of the dangerous online game Blue Whale Challenge. The online game has led to suicides of children in India and other countries.
The Ministry of Electronics and IT said in a letter to the internet majors that there are instances of children committing suicide in India while playing Blue Whale Challenge.
It asked the internet majors to ensure that any such link of this deadly game should be removed immediately from social media platform.
The Blue Whale Challenge is a suicide game in which the player is given certain tasks to complete for a period of 50 days and the final task leads to suicide.
The player is asked to share photos after finishing the different levels of the game. It is spread via links on social media platforms.
Internet Service Provider Association of India’s President Rajesh Chharia appreciated the government’s move for issuing the order to block the game.
Edit"Govt : Google, FB, Microsoft, others to remove Blue Whale links"

KIEV ENGINE TYPE ‘USED IN N. KOREA MISSILES’ MADE FOR RUSSIA

Ukrainian space agency acting chief Yuriy Radchenko talks to journalists during a press conference in Kiev on August 15, 2017. AFP/Genya Savilov
Ukraine’s space agency said Tuesday that an engine type reportedly used in North Korean missiles was made at a Ukrainian factory, but solely for use in space rockets supplied to Russia.
The development came after an expert report published Monday said Pyongyang’s recent rapid progress in developing a long-range missile appeared to have come after it refurbished rocket engines procured from a plant in the former Soviet Union.
These could have been bought from corrupt workers at arsenals in Russia or Ukraine and smuggled to North Korea by criminal networks at some point between the collapse of the Soviet Union in 1991 and Ukraine’s current crisis, the International Institute for Strategic Studies said.
“Such engines were made up to 2001 by Ukraine’s Yuzhmash (plant),” Ukraine’s acting space agency chief Yuriy Radchenko told journalists. He said the RD-250 engines were used in Cyclone-2 and Cyclone-3 space rockets supplied to Russia.
Both the engines and the space carrier rockets “were made at Yuzhmash in the interests of Russia,” Radchenko said. In total, 233 such rockets were produced, used in space launches.
The space agency chief said that according to Ukrainian information, “Russia today has between 7 and 20” of the Cyclone rockets and could do whatever it wanted with the engines and blueprints.
“They have these engines, they have the documentation. They can supply these engines from the finished rockets to whoever they want.”
– Questions over rocket fuel –
The IISS report suggests Kim Jong-Un’s regime, which successfully tested intercontinental ballistic missiles in July that are believed to have brought the US mainland within reach, has abandoned attempts to modify the Russian-built OKB-456 rocket engine and has now switched to the once Ukrainian-made RD-250.
During the Soviet era, the RD-250 was produced at the Yuzhmash plant in Dnipro, a city that is today in Kiev government-held central Ukraine, around 150 kilometers (80 miles) from an active frontline held by Russian-backed separatists.
Ukraine did not act as a supplier of the engines to any other country, Radchenko said.
“Ukraine did not carry out any supplies of engines during the whole period of its independence (from the USSR), since it started producing the technology.”
Radchenko also said that in his view, it was only possible to use these engines with technology for producing rocket fuel that only Russia and China have at their disposal.
“In order to use these engines and a missile properly, you need to have access to technology to produce rocket fuel. North Korea doesn’t have such technology and basically only two countries have this: Russia and China.”
Russian Deputy Prime Minister Dmitry Rogozin said it was not possible for North Korea to have copied such engines without help from Ukrainian specialists and smuggled engines or blueprints.
“In order to make a copy, you need to have either the original engine or detailed blueprints,” he wrote on Facebook.
“And you can’t manage without the Ukrainian specialists capable of and ready to set up production.
“So in one way or another, we are talking about smuggled supplies, evading all the current extremely harsh international bans,” he concluded. media agencies
Edit"Kiev engine type ‘used in N. Korea missiles’ made for Russia"

NOW TURN OF CHINESE TROOPS THREW STONES AT INDIAN SOLDIERS

 Now turn of Chinese troops threw stones at Indian soldiers

Chinese troops threw stones at Indian soldiers near Pangong Lake, officials said
SRINAGAR: Indian and Chinese troops clashed briefly on a disputed area of land in the Himalayas, officials said Wednesday, exacerbating tensions during a months-long stand-off between the two armies.Chinese troops threw stones at Indian soldiers near Pangong Lake, a major tourist attraction in the picturesque mountain region of Ladakh on Tuesday, an Indian defence official said.
He said Chinese soldiers had twice tried to enter the Indian territory but had been pushed back.
“There was a minor incident. There was some stone pelting from the Chinese side but the situation was quickly brought under control,” he told AFP on condition of anonymity.
The brief confrontation was resolved after Indian and Chinese sides retreated to their respective positions, he added.
Police in the north Indian state of Jammu and Kashmir, where Ladakh is located, said clashes were relatively common along the de facto border known as the Line of Actual Control (LAC).
“These things happen every summer but this one was slightly prolonged and more serious but no weapons were used,” a police source in Srinagar told AFP.
The Pangong lake area lies over 4,000 metres (13,000 feet) high on the Tibetan plateau.
Edit"Now turn of Chinese troops threw stones at Indian soldiers"

SIX GENERATIONS OF RAYMOND FOUNDER IN FAMILY FEUDS-FRAUDS

August16, 2017 (C) Ravinder Singh progressindia2015@gmail.com
Viral Video of Dr. Vijaypat Singhania going bankrupt and his Tycoon son not caring for him is largely not true. This story is additional to LiveMint coverage going back in history of family.

As per LiveMint article – Kamlapati founded present day Raymond Group at Kanpur in 1921 which then branched out to many sectors and locations – Mumbai & Kolkata.

Born on 7th November 1884, Lala Kamlapatji, the worthy son of Lala Juggilal Singhania, had the determination to lobby for more rights of his fellow countrymen and a vision to make Indian business self reliant. With this inspiration he set up the first cotton mill in northern India JK Cotton Spinning Mill in 1921, exclusively using Indian capital, management and labour. After this, many other enterprises were started. JK Jute Mills Co Ltd, JK Iron & Steel Co Ltd, JK Oil Mills, JK Cotton Manufacturers, JK Hosiery Factory (Calcutta), Motilal Padampat Sugar Mills, Kamla Ice Factory…. an empire was being created. — Website claims to have125 years history.

Five generations later Mr. Abhishek Singhania Managing Director of JKT continues the proud business and ethical culture set forth by those before him. Today the JK Organization makes up one of India’s largest conglomerates with an annual turnover exceeding US $ 4 Billion. The group is an association of over 40 companies, employing nearly 50,000 people worldwide inmanufacturing, insurance, chemicals, healthcare, education, retail, software and IT services. The JK Organization has a pioneering history that has been at the leading edge of technology and change for many years.

The JK Organisation has a diverse range of business interest in many industry sectors from cement; automobile tyres & tubes; engineering; plastic processing; agrochemicals; cosmetics; audio & video; power transmission; electronics; petrochemicals; steel; pharmaceuticals; food & dairy products; power generation; synthetic fibre; paper; cotton; woollen and jute textiles, computer software and IT services and is at the leading edge and a household name in many countries.

http://www.jkcotton.com/pdf/financial_reports/JK-cotton-2017.pdf                                                
Three decades ago Juggilal Kamlapat Cotton Spg & Wvg Mills Co Ltd of Kanpur collected Fixed Deposits from public and SWINDLED all the deposits didn’t pay even first quarterly interest.

Buying and selling family companies is routine – and each step of buying and selling brings conflicts and feuds in promoters.
As per latest AR – Vijaypat Singhania holds 0.13% and his son Gautam 0.01% share in Raymond.  

Vijaypat himself edged out elder brother Ajaypat Singhania from company and years later made his younger son Gautam Managing Director of Raymond. Elder son Madhupati migrated to Singapore – his children want share in ancestral property of Family denied to them than forced deficient settlement earlier.

LiveMint reported dispute over sale of J&K House worth Rs.650 Cr and Shareholders of Raymond didn’t approve its sale. J&K House itself may have gone to Raymond group as part of some other family settlement and feud.

Only some Movie may unravel mysteries of family feuds Juggilal Singhania next generations. Frauds with non Singhanias should also be part of story.
Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
Y-77, Hauz Khas, ND -110016, India. Ph: 091- 9871056471, 9718280435, 9650421857
Views are of_: Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS not of Sagar media Inc 
Edit"Six Generations of Raymond Founder in Family Feuds-Frauds"

TAIWAN SUFFERS MASSIVE POWER CUT

TAIPEI: Taiwan suffered a massive power blackout on Tuesday evening that hit businesses and residential homes, affecting close to seven million households on the heavily industrialised island amid sweltering heat.
The outage left millions of homes without power and hit offices and factories on the island of nearly 24 million people, but appeared to have a limited impact on businesses, including some of the world’s leading technology manufacturers.
Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest contract chipmaker and a major supplier to Apple Inc, said its operations were not affected, as did electronics manufacturer Pegatron Corp.
ChipMOS Technologies Inc said the outage had not had a big impact on its operations. Its shares fell 2 percent in early trade, lagging a flat broader market.
Power had been fully restored across the island by Wednesday, local media said.
Residents complained as temperatures hovered around 32 degrees Celsius (89.6°F), while the blackout caused havoc as restaurants and small businesses were left without power, traffic lights stopped working and elevators stalled.
The power outage was caused by a human technical error at state-owned gas supplier CPC Corp that affected the operations of a state-owned Taiwan Power Co power plant in northwestern Taoyuan, the two companies said at a news conference on Tuesday evening.
Taiwan Power Co’s outage at its Taoyuan plant caused six generators to stop working, resulting in a massive blackout across Taiwan, the company said.
President Tsai Ing-wen apologised on her Facebook page for the blackout, describing electricity supply as a national security issue.
Relevant government departments needed to quickly explain why a single event could cause such large damage across the country’s electricity system, she said.
“We must reform the system. I will make this an important point for thorough inspection reforms in the future.”
Taiwan’s Minister of Economics Affairs Chih-Kung Lee had offered to resign over the incident, which was accepted by Premier Lin Chuan, the government said.
Lee’s formal resignation letter was expected later this week, it said. If Lee steps down as expected, he will do so just over a year after assuming office.
CPC Corp said it accepted responsibility for the outage and was investigating the cause. The blackout was the country’s most severe since the 1999 Jiji earthquake, Taiwan Power Co said. Media agencies
Edit"Taiwan suffers massive power cut"

PRESS CONFERENCE   ‘JORA 10 NUMBARIA’

PRESS INVITATION

Bathinde Wale Bai Films cordially invites you to attend the Press Conference & to share with you the uniqueness of their latest film


‘JORA 10 NUMBARIA’
(Movie’s story line revolves around the political parties, police and the underworld. In the film we can see the special appearance of Legendry actor Dharmendra.)

To be addressed by:
  • Mukul Dev (Zorawar & Jai Ho fame)
  • Deep Sindhu (Actor)
  • Amardeep Gill (Director)

Time: 11:30 am
Date: 16th August 2017 (Wednesday)
Venue: Garam Dharam, M-16, CP, Delhi

You are requested to send correspondents/ photographers/ camera crew for the Press Conference.
Edit"Press Conference   ‘JORA 10 NUMBARIA’"

SAINT GURMEET RAM RAHIM INSA CELEBRATED GRAND 50THGOLDEN JUBILEE BIRTHDAY

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Saint Gurmeet Ram Rahim Insa celebrated grand 50thgolden jubilee birthday with more than 15 lakh people!
The 50th Golden Jubilee Birthday of Pujya Guru Saint Dr Gurmeet Ram Rahim Singh Ji, was celebrated in a very grand manner, even the ‘MSG Nau Barr Nau Bhandara’ were held on the second night. In this grand ceremony, some artists were also present to grace the function, they showcased their skills through magic. Artists won the hearts of people by making sandalwood in India and creating wonderful works in a few minutes from the sand. They surprised everyone by drawing pictures of Dr. MSG and Param Pita Shah Satnam Ji Maharaj. There was lot of enthusiasm in Dera devotees about this grand ceremony of seven nights on Dr. MSG’s Birthday. On the second night, more than 15 lakh people from different states and foreign countries came to celebrate Satguru’s birthday.
‘Art and Magician’ organized in the second series of ‘MSG Nau Barr Nau Bhandara’. Whereas, Dr. MSG entered on stage in a grand way, everybody looked desperate to get a glimpse of the revered Guruji wearing pink and multi-colored dress. At the ceremony, the famous magician Prince’s team got the attention of everyone with their superb presentation. The magicians, brothers Tushar, Mohit and Manoj, entertained audiences after a surprise show. They performed in many countries of the world, including Indonesia, Thailand, Oman, Germany, Cambodia, and they have met the Marine Award and the Madel of Magic World.
The second presentation in the program is through the sand. Kaushik took stories, everyone was left watching, he carved various states of the country through symbols. After that he gave a passionate message of women empowerment and daughter saved through his art. He won the hearts of everyone by writing Dr. MSG and I Love You MSG on the bike.
Prahlad Acharya, who came to present the third presentation, showed his shine by showing the art of shadow art. Prahlad Acharya praised the various animals and people in a very emotional manner, he brought the various states and artists of the country on the screen by giving a spectacular presentation on the song ‘Mile sur mera tumhare’. Visiting every color of the art, the audience saw the talent of Art and Craft by artists came from Uttrakhand, in which the artistry of paper made artistic design and skill fully made decorations.
After that, the audience got to see the magic once again on the stage. TV show like B Boss, Bharat Banega Mancha and more than 5000 magical shows, magician Hassan Rizvi, after a series of magic acts, forced the audience to press their fingers under their teeth. The colorful pigeon was removed, the girl swinging in the air, putting the girl in the cage and setting fire on it, laying her on the sword and giving her such wonderful performance.
In the sequel to the next episode of the program, the magic of pen punk came on stage, with speed painter Amit Verma, who won the hearts of all by creating three presets after one click on the canvas in a few minutes. First of all he made two images of Parampita Shah Satnam Ji Maharaj and then Dr. MSG. In a few minutes, everyone was surprised to see the picture on the canvas.
At the conclusion of the program, Dr. MSG interacted to fans. He answered the audience’s questions in the style of ‘Jattu Engineer’, the character of Sangat Singh. The program held till midnight and everyone seemed happy.
Edit"Saint Gurmeet Ram Rahim Insa celebrated grand 50thgolden jubilee birthday"

VINAY PATHAK STARRING ”DARK BREW”

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 VIP screening held in Delhi!
 
   The very known actor of Bollywood industry,  known for his tremendous acting Vinay Pathak was recently in Nation’s Capital for the VIP Screening of his movie Dark Brew. The premiere of the movie took place in PVR Saket, New Delhi. Along with Vinay, the two lady leads Sheetal Thakur & Shibani Bedi were also present for the premiere.  
   While in the screening Vinay interacted with media peeps as well and seemed really excited for the same, he shared his experience while working for the movie and the uniqueness of Dark Brew. According to Vinay, this movie will be showcased in TataSky and Youtube.
   Directed by Akash Goila, and produced by Warewolf Films, Dark Brew is based on the Genre of dark humor and the story of the movie revolves around the protagonist’s dilemma which starts from a dream. The protagonist (Vinay Pathak) visualizes in his dream that his wife has caught him two timing with another female.
   In the dream, he also learns that his wife has plotted to kill him in the process. And when he wakes up, he realizes that he is still alive. The impact of the dream is so effective that he starts believing firmly that his wife will actually kill him.
Edit"Vinay Pathak starring ”Dark Brew”"

INVENTOR’S 70TH FREEDOM DAY MESSAGE, MIDDLEMEN FREE INDIA   

August14, 2017 (C) Ravinder Singh progressindia2015@gmail.com
Freedom Day speeches over 70 years had missed one critical POLICY issue – Middleman Free India.

India before 15th August1947 was ruled by British and Middlemen – India got freedom from British Rule but not from Middlemen.

A person taking Bribes of Rs.10 is considered a Criminal but a middleman at Azadpur Mandi making Rs.1 Crore every day without contributing anything to value is not.

Hot news about Gorakhpur Hospital – it was disclosed head of the Hospital wanted 12-13% commission and the dealer was ready to pay 10%. No value is added in routing Oxygen cylinders through middlemen except add cost.

Farmers can deliver Locally Produced Foods – Clean, Fresh & Nutritious at lowest price but India don’t want to change system of supply of Rotten Foods sourced from thousands of kilometers at very high cost and middlemen milking 80% of retail price.

Companies are forced to Engage ‘Middlemen’ to facilitate Bribes to Corrupt – Head of Gorakhpur hospital.  

Ø Hospital was paying say 30%-50% more than Ex-Factory cost of Oxygen.
Ø It was also in news – Cheaper Industrial Oxygen was supplied than Medical Oxygen.
Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
Y-77, Hauz Khas, ND -110016, India. Ph: 091- 9871056471, 9718280435, 9650421857
Edit"Inventor’s 70th Freedom Day Message, Middlemen Free India   "

INDIAN MEN’S HOCKEY TEAM BEAT NETHERLANDS 2-1

 
~Gurjant Singh (4’) and Mandeep Singh (51’) score in India’s victory  ~ 
 
 
Amsterdam (Netherlands), 15 August 2017: A resolute Indian Men’s Hockey team got over the Dutch Challenge with an impressive 2-0 series win. On Tuesday, the team led by Manpreet Singh that featured nine players from the Junior Indian team beat an experienced Netherlands squad 2-1. It was Gurjant Singh (4’) and Mandeep Singh (51’) who scored in India’s triumph.

India started the game with good energy and intensity to put pressure on the home team and the positive intent worked as the team drew first blood with a PC awarded in the 4th minute. While it was Varun Kumar who attempted the dragflick which was padded away by the Dutch keeper, Gurjant was quick to pick up the rebound and work his reverse stick magic to put the ball high up into the net to score his first international goal for the men’s side. India continued the strong attack as they made forays into the striking circle. Armaan Qureshi made a great attempt to take India’s lead to 2-0 with a shot on goal but it went slightly wide.
Though the Dutch tried to make amends as they won a PC in the early minutes of the second quarter, the flick was brilliantly saved by India goalkeeper Akash Chikte. That didn’t deter the Dutch side who attempted a full press and even put India under pressure by winning three more PCs, but they could not make the opportunities count with Chikte staying up to the challenge to make great saves.
With a 1-0 lead, the third quarter saw Netherlands make desperate attempts to come back into the game but India absorbed the pressure well only to execute a stronger defensive structure that kept the Dutch from scoring.
The final 15 minutes saw India increase their intensity in attack with Gurjant’s help win a PC for India. But it was saved. The following minute saw Sumit win a PC for India, and this time they tried a different variation that worked like magic with striker Mandeep Singh deflecting into the goal to double India’s lead to 2-0. Soon after, the Dutch won a PC but debutant goalkeeper Suraj Karkera was up to the task to defend. With final three minutes remaining, Dutch forwards made three strong shots on goal but an alert Karkera kept them from converting. However, Saander de Wijn through a PC scored in the 58th minute but that didn’t stop India from walking away with a 2-1 win.
“I think we played well in all departments to win against the Netherlands. They are a very experienced team with more than eight players with over 100 International Caps. So, to beat them we had to come up with something special. I am very happy with the way the entire team performed as one unit especially the players making their debut. They showed no sign of nervousness and played with a lot of confidence,” expressed an elated skipper Manpreet Singh after the Series win.
On August 16, the Indian Men’s Hockey team will take on Austria at 21.30 hours IST in Amstelveen, Netherlands.
 
Please find attached action pictures and schedule of the Indian Men’s Team Tour of Europe (Netherlands Vs India). 
For live score updates, please follow http://www.fih.ch/ 
Edit"Indian Men’s Hockey team beat Netherlands 2-1"

RJIO ACQUIRED 100M USERS IN 170 DAYS

RJio Acquired 100m Users in 170 days – 14.7m Last 91 Days,
Market Share March 9.29%, June 10.39% – 1.1% Q1 Growth
August15, 2017 (C) Ravinder Singh progressindia2015@gmail.com
RJio acquired 100m subscribers in 170 days was a world record was claimed Mukesh Ambani but what happened thereafter was not reported by Mukesh Ambani at AGM on July21 annexed at the end didn’t report revenue earned in more than 10 months.

It is most astonishing after so much hype created by Mukesh Ambani led RJio added over 0.6m users every day that has gradually declined to 0.15m per day approximately.

There were 108,680,772 Users of Rjio by March2017 that has gone up to 123,363,870 at the end of Q1-FY2018. This is just 14.7m additions in 91 days – Sharp Dip. Mukesh Ambani loudly claimed of acquiring first 100m RJio users in 170 days.

RJio can’t go on & On without Collecting-Reporting REVENUE – AVOID TAX PAYMENTS.
                                                            ——————————————-
Rel Jio Adds 6.02 M Users in June
Reliance Jio Infocomm added 6.02 million customers in June, taking its market share to over 10%, while Bharti Airtel continued to lead the market with nearly 24% share, according to data on the sector regulator’s website.
According to subscription data put out by the Telecom Regulatory Authority of India (Trai) on Monday, Airtel added 2.04 million customers in June, while the country’s No. 2 carrier Vodafone India added 0.98 million customers. The third-largest carrier Idea Cellular added 35,541 customers in June.
Visitor location register (VLR), a key metric reflecting the number of active subscribers on a mobile network, indicated that 96.57% of users were active for Airtel, 93.45% for Vodafone, 101.37% for Idea and 75.5% for Jio.
The Trai data for June shows that Airtel continues to remain India’s biggest phone company, with a market share of 23.65% and a total 280.6 million customers.
The new entrant Jio, however, steadily increased its market share to 10.39% in June from 9.58% in April and 9.94% in May.
                                             ——————————————-
Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
Y-77, Hauz Khas, ND -110016, India. Ph: 091- 9871056471, 9718280435, 9650421857
Edit"RJio Acquired 100m Users in 170 days"

IMPORTS GROWTH $32.3B, EXPORTS $7.7B – APRI-JULY2017 PERIOD


August15, 2017 (C) Ravinder Singh progressindia2015@gmail.com
TOI reporting Cumulative Imports of 28.3% – I was stunned. Further study revealed even more disappointing story. ‘Cumulative export during April-July of 2017-18 rose by 8.9% to $94.8 billion while import increased by 28.3% to $146.3 billion, leaving a trade deficit of $51.5 billion.’
When Aam Admi is Getting Crushed – Imports increased 28.3% – Oil Imports by 20.87% and Non Oil Imports by 30.46% – Trade Deficit Widening to $51.5b in April-July2017 period.
Non Petroleum & Non Gems & Jewelry exports Growth was $0.854b only July17 to July16 (Negative in Rupee Term).
Such a Surge in Imports of Luxury Items Points to Rich becoming Richer and Poor becoming poorer.
Oil imports during April-July, 2017-18 were valued at US$ 31022.43 million which was 20.87 per cent higher than the oil imports of US$ 25666.96 million in the corresponding period last year. Non-oil imports during April-July 2017-18 were valued at US$ 115234.28 million which was 30.46 per cent higher than the level of such imports valued at US$ 88329.79 million in April-July, 2016-17.
20.87% Surge in Oil Imports Reflects Greater Consumption by Transport, Aviation & Domestic sectors.
Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
Y-77, Hauz Khas, ND -110016, India. Ph: 091- 9871056471, 9718280435, 9650421857
Edit"Imports Growth $32.3b, Exports $7.7b – Apri-July2017 Period"