We are what we are !!

 The performance of the monsoon in India so far in 2024 has been mixed, but overall positive with only (-)3% deficient so far from LPA(Long Period Average). In Karnataka and TN rains are above normal at 15% approx excess in Karnataka and 88% above normal approx  in TN upto 17th July Positive Aspects: Above-Normal Rainfall: The India Meteorological Department (IMD) predicted above-normal rainfall for the 2024 monsoon season, with 106% of the Long Period Average (LPA) expected. This has largely held true in many regions. Timely Onset: The southwest monsoon made a timely onset over Kerala and progressed well initially, bringing much-needed relief from the summer heatwave. Beneficial for Agriculture: Adequate rainfall is crucial for agriculture, which is a significant contributor to the Indian economy. A good monsoon season can boost agricultural output and overall economic growth. Areas of Concern: Uneven Distribution: The distribution of rainfall has been uneven across diffe...

India's Growth Forecast: A Positive Outlook Supported by Recent Indicators Several key economic indicators for June 2024 suggest a positive growth trajectory for India: GST Collection: The 7.7% year-on-year growth in GST collection signals a significant increase in economic activity. This rise indicates higher consumer spending and business transactions, reflecting a robust domestic demand. Manufacturing PMI: The PMI reading of 58.3 signifies a strong expansion in the manufacturing sector. This figure indicates increased production and new orders, suggesting a healthy growth momentum in the industrial sector. IIP Growth: The Index of Industrial Production (IIP) growth for April 2024 was 5%, exceeding market expectations. This indicates a broad-based recovery across various industrial sectors, contributing to overall economic growth. Core Sector Growth: While core sector growth slightly slowed to 6.3% in May 2024, it still remains at a healthy level. The core sectors,...

  1) the new Central  Govt should look at the possibility of creating a "Stock Options scheme exclusively for BPL/Unorganised sector families" of a basket of Top 500 NSE/BSE cos.which can b used to distribute Stock Market wealth to these poor, through their contribution and a matching contribution by Govt. 2) Already inflation is the biggest Tax.On top of it Salaried Middle class regularly pay Tax .Diminishing marginal utility of income theory suggests that value for money for them is high and By paying Income tax upfront thro TDS before even their Salaries r credited to their accounts, it is the Salaried middle class that bears the onslaught of Tax increases with diminishing income values due to inflation.Through their Taxes they support both Big Farmers , Wealthy Politicians and Businessmen. 3) When Supply side is adequate thro free imports, only cost-push inflation can happen,and it has receded once commodity prices have come down. 4) In the present NPS, many retired r sa...

 1) Bringing Indian fugitives like Vijay Mallya, Nirav Modi to be done on war footing signalling strong msg; 2) all Ministers, sitting MPs, MLAs , other PEPs,and their Kins' Agricultural Incomes must b taxed under Income tax w/o any exemption;  3) instead of Capital Gain taxes please introduce real estate transaction tax, gold & diamond etc jewellery TT like STT .  4)STT for unlisted Co shares can be introduced. Even for Listed Shares, STT can be slightly increased and cumbersome Capital Gain tax can b removed 5)"News Channels" of all Politically Exposed Persons or run by their relatives or funded by them or controlled by them should be banned. They can run entertainment or other channels but should not be allowed any "News" content to be telecast. 6)All Local Bodies Tax, EB Tariff, User charges for Water, Drainage etc. may be CPI Inflation Indexed with +/- 1% 7)Remove all zero rated GST on products and introduce atleast 1% GST with eligibility for input tax...

 Modi 3.0 is facing primarily two crises: 1)Unemployment and Under employment or lack of adequate jobs that pay well. 2)Widening of gap between the top 1% of the population and the bottom 50%; Price rise, inflation , stagnating Private Consumption Expenditure, feeling of high GST and IT rates among the youth are all problems of Expenditure when there are incomes and gainful employment. Unemployment hits the Bottom of the Pyramid more severely than at the top of the Pyramid. Economists and Political Thinkers have proposed solutions like encouraging  and or incentivising the labour-intensive manufacturing and services sector in rural and semi-urban areas. This is doable but whether such jobs are sustainable in the long run is a million dollar question say e.g Textiles etc.May be Cement , Steel and other metal manufacturing may have long term prospects but Pollution Control becomes a difficult task on hand.  Private Final Consumption Expenditure is languishing for two reason...

 "பரதனுக்கோ ராமனின்   பாதுகா  காப்பு  ; ராம ராஜ்யமே  பாரதத்துக்கு பாதுகாப்பு இன்று  !!"                                        ====><==== மக்கான மக்கள் நாம்  மக்காத பிளாஸ்டிக் குப்பை சேர்த்து  வக்கற்ற  மாக்களின்  வயிற்றைக்  கிழித்தோம் 😓 மக்காத குப்பை மக்(கு)களையும்  விழுங்குமோ !                                     ====><==== சாராயக்கடை - சா(ராய)க்கடை ! 'சாக்'கடை -சாகப்போகும் கடை ; சுருக்கமா மயானம் !

  The combined Index of Eight Core Industries (ICI) increased by 6.2 per cent (provisional) in April, 2024 as compared to the Index in April, 2023.The Core Industries Index increased by 6 % in March 2024. The production of Electricity, Natural Gas, Coal, Steel, Refinery Products, Crude Oil and Cement recorded positive growth in April 2024 and only Fertilisers showed a marginal decline in April 2024.The last few years trend data given below will provide important inputs as to the growth of this Core Sectors in India: Industrial output as measured by IIP in India rose by 4.9% on an annual basis in March 2024, slightly below market expectations of a 5.1% growth. Manufacturing output which accounts for nearly 78% of total industrial production, expanded by 5.2% with surged growth noted for metal products exc. machinery (+20.3%), electrical equipment (+14%), transport equipment (+25.4%) and furniture (+31%). Moreover, output was also higher for mining (+1.2%) and electricity (+8.6%)....