Discover and read the best of Twitter Threads about #Modinomics

Most recents (13)

Rural Broadband project, #BharatNet,rolled out by @narendramodi govt,to be implemented via PPP model,will ensure,every inhabited village in 16 States will have Optical Fibre Connectivity,with overall cost at 19041 Cr

3.61 lakh villages will get broadband,OTT&Multi media Services Image
On economic front,good news is,for FY21,India saw Current Account Surplus (CAS) of 0.9% of GDP,versus Current Account Deficit (CAD) of 0.9% in FY20

Under inept #Congress,#CAD rose to 6.8% in 2013 but it has been less than 2% in last 7yrs,under @narendramodi govt,which bodes well
Just look at the kind of transformative work being done by @narendramodi &his team

PM Matsya Sampada Yojana to boost #Pisciculture,with a Rs 20000 Cr corpus &subsidy in the range of 40%-60%,is a huge boost to agri&allied services sector

#Modinomics #PMModi #ModiHaiTohMumkinHai Image
Read 9 tweets
Spate of Q4FY21 results showcase #Economy is on track

#ICICIBank reported Profit of Rs4402Cr,a 260% jump YoY,with NII up a solid 16.8% at 10431Cr

Tech companies have done well,with #TechMahindra reporting Dollar Revenue growth of 1.6% QoQ &Margins up 10bps at 16%
#Modinomics💪
#HCLTech also reported good numbers with Dollar Revenue up 3% QoQ

IT&Business Services segment grew 4.4% QoQ

Even for #MarutiSuzuki,while Profit fell,it managed to have Gross Margins at 26%,Vs 27.5% QoQ

Margin above 25% despite challenges thrown by Pandemic,is good
#Modinomics
In Banking space,besides great results by #HDFCBank& #ICICIBank, #AxisBank too reported good results, with Profit at Rs2677Cr,Vs loss of 1388Cr,YoY

While Gross&Net NPAs of Axis rose 15%&52% YoY,with Provisions down 28%,good news is NII is up 11% at Rs7555Cr

#Economy #Modinomics
Read 5 tweets
Critics have asked,wrt #Budget2021, how will @narendramodi govt manage finances

Well,for every rupee in govt coffers, 53paise will come from direct& indirect taxes,36p from borrowings &other liabilities,6p from non-tax revenue like disinvestment&5p from non-debt capital receipts
GST will contribute 15paise in every rupee revenue,corporate tax will contribute 13paise to each rupee earned;8paise for every rupee,will come from union excise duty,3paise from customs duty&income tax will yield 14paise to every rupee collected

Fiscal math has been worked out💪
On #Expenditure side,biggest outlay is for interest payments at 20paise for every rupee,followed by States' share of taxes&duties@16paise

Allocation for #Defence is 8paise &Expense on Central schemes is 14p, while allocation for Central schemes is 9paise

#Budget2021 #Modinomics
Read 6 tweets
Excellent #Budget2021 by @narendramodi govt

16.5 lakh Cr Agri Credit allocation&Rs 1.18 lakh Cr for roads

Massive 34.5% rise Capital Spending at 5.54 lakh Cr

137% rise in Health budget

Income Tax scrutiny reduced from 6 to 3 yrs;No Double taxation of NRIs

#Growth,the focus
Hike in Insurance #FDI from 49% to 74%,pro #Reforms💪

#Dividend income invested In InvITs &REITs,tax free

No advance tax liability on Dividend income

#LIC IPO--BIG

#Disinvestment of BPCL,Pawan Hans,Air India,Concor,IDBI,Beml, Shipping Corp--BIG

64180Cr #Healthcare budget-BIG
5 Mega #Fishing harbours

7 Mega #Textile Parks

Agri Infra Fund to be available to #APMCs

Voluntary #VehicleScrapping policy

20000Cr #Recapitalisation of PSBs

#ARC to take over stressed assets

7 Port projects to be developed via PPP

18000Cr for Bus Transport
#Modinomics💪
Read 9 tweets
#Nomura says,India will be fastest growing Asian economy in FY22,with GDP growth of 9.9;GDP growth to be 32.4% in 1QFY22&10.2% in 2QFY22

Fee weeks back #GoldmanSachs had upgraded India's GDP growth forecast from 10% to 13% for FY22

#IMF is at 8.8%& #Moody's at 8.6%

#Modinomics
Few
@narendramodi govt's decision to sell 20% in IRCTC at base price of Rs 1367,via #OFS tomr,is a great move

1367 is,15.5% discount to Wednesday's closing of Rs1618;52 week high&low is Rs 1995 &775

#IRCTC got listed last yr&was subscribed a whopping 112x

GoI owns 87.4% stake
Read 10 tweets
As @narendramodi ji completes 20 remarkable yrs of being at the helm,it is time to re-plug my book #TruthandDare,which captures everything--from the #Gujarat model of development,which saw 15% growth in 2005-06,to new age #Modinomics,which has lifted over 75mn people from poverty
Price of #NaturalGas will be determined by market forces,to increase affordability👇

It will debottleneck E&P sector& make e-bidding,competitive &transparent

Will reduce demand-supply anomalies&imports

Bridge Trade deficit in Oil&gas

#CabinetDecisions by @narendramodi govt💪
Another decision by @narendramodi gov is the approval for 16.6km Kolkata East West rail corridor,that will connect Howrah on West Bank of Hoogly river,with Salt Lake City on East bank

Total project cost,8575Cr;will boost mass transit system&be ready by Dec2021
#CabinetDecisions
Read 8 tweets
Anidst the #COVID19 pandemic,the @narendramodi govt came out with a slew of steps to help #MSME sector-- a Rs 40000Cr fund to help distressed units by way of #Equity, Quasi-Equity& #SubordinatedDebt, guaranteed to the tune of 90% by govt's #CGTSME is easing stress!

#Modinomics💪 Image
Read👇 to know about eligibility criteria of #MSMEs that qualify, difference between #SeniorDebt & Subordinate Debt,Intetest Rate that will be charged,etc..

#economy Image
Amidst*
Read 9 tweets
From Samsung,to Foxconn& #Google's $10bn fund--India under @narendramodi is gaining traction,even as China's expansionism,is isolating it

From producing 8000 #PPE kits in March,to over 4.5 lakh kits daily now,#Modinomics is blending global&local

My Oped

dnaindia.com/blogs/column-s…
#Google's decision to invest 33737 Cr for 7.7% stake in #Jio,on back of #Facebook's investment of 43574Cr in April,is great news

While there's thin line between FPI &FDI,since in both cases,10% ownership threshold has not been crossed by foreign company,it should qualify as FPI
Since both #Facebook and #Google do not own 10% or more individually, they do not get voting rights or any say in management of RIL

While Reliance Jio Infocomm Ltd (RJIL),is a separate Co,it is part of RIL

Deal has been stuck with #RIL,not RJIL,which again makes it #FPI,not FDI
Read 5 tweets
#Sensex@36000+ for 1st time since 11thMarch

Rupee/$ 75.01,best since 27th March

#BajajAuto sales@2.78Lakh units, for June,up 119% MoM

#GST revenues for June,90917Cr

#AxisBank to raise $2bn from PEs

RBI commences 30000Cr special liquidity scheme for NBFCs&HFCs
#GreenShoots
#HeroMotoCorp,world's largest wheeler company,sold 4.5 lakh units in June 2020

This is a massive 302% growth over 1.12 lakh units,despatched in May 2020

This stellar performance came,in midst of a raging pandemic

Leftists& #Twitternomists, quiet😑

#GreenShoots #Modinomics💪
#UPI transactions in June hit all time high of 1.34 billion in terms of volume,Vs 1.23 bn in May2020

Value of June transactions was Rs 2.62 lakhCr,as per #NPCI data,Vs 2.18 lakh Cr in May

Huge surge in UPI trades,big vindication of #Demonetisation& #DigitalIndia

#GreenShoots
Read 5 tweets
Before PM announced 20 Lakh Crore Economic Package

Feb-Apr: RBI injected Rs 8,01,603 Cr liquidity into the system

After lockdown, PM: Mahabharata was won in 18 days, the war against coronavirus vl take 21 days

Mar: In PMGKP, Rs 1,92,800 Cr was announced

What else?
Read On⬇️
GOI revised it's borrowing by 53.85% to Rs 12 Lakh Cr frm Rs 7.8 Lakh Cr

Fiscal Deficit Target estimated earlier ws 3.5% of GDP. Increased borrowing vl expand FDT

A monthly Rs 1 Lakh Cr borrowing, now, is way above market's appetite

Where was India before the virus?
Read On⬇️
Poverty, NPA, Unemployment, Inflation etc were High

Core Sector, GDP, Consumer spending etc were Low

Rupee Falling, Profitable PSUs on Sale, Banks Collapsing

☆But according to #Modinomics "Fundamentals of Economy were Strong"

What is self-reliant India mission?
Read On⬇️
Read 11 tweets
#AatmaNirbharBharatAbhiyan
Based on 👇

Land,Labour,Liquidity&Laws that are not isolationist but inclusive

Ease of Doing Business

DBT,JanDhan,Aadhar, Micro Insurance,Ujjwala Yojana, Ayushman Bharat, PM Awaas Yojana,PM FasalBima Yojana,Krishi Sinchai,Swachh Bharat--Key Landmarks
GST,IBC&PSU Bank Recapitalisation in last 6 yrs,have been big reforms

52606Cr given via #DBT to 41Cr #JanDhan holders

Free wheat&rice to 69Cr ration card holders

18000Cr tax refunds given

Free cylinders to 8Cr #Ujjwala holders

#20lakhcrores #COVIDー19
#atmanirbharbharat
Project DevelopmentCells,working for Promotion of Champion Sectors,in States

#MakeInIndia&Upgradation of Industrial Infra,a success&more will be done to #Decongest economy

3376 SEZs&IndustrialParks with 5 lakhhectares,to be ranked& mapped,in terms of readiness for competition
Read 20 tweets
#FinanceMinister has today unleashed the best shot so far in #Modinomics!

This is a Yug-parivartan move. Endless dimensions on which #NewIndia will be rocketing up now! 1/n
The battle on Black-money waged by @narendramodi Ji will now find a long term leash! No one was born to be a thief. High taxes motivated people to be. That motivation is diluted big time today! An honest, compliant, economic powerhouse of a #NewIndia is now enabled. 2/n
Everyone getting amazed that this Govt. is ready to earn less and spend more is totally wrong. #Modinomics magic is not yet understood. Laffer Curve clearly stands proven over 100s of years. Convexity of Tax-collection to Tax-rate is well know. 3/n
Read 9 tweets
This thread will throw some facts on the Rupee depreciation which is the talk of the town nowadays especially the opposition and the Anti-Modi gang #RupeeAt73
Here we will compare the currency values of 21 countries - a mix of Asian, Non-Asian, European, American and African countries - some Developed and some Developing countries vis-a-vis $ Dollar starting from 2004 till Sept 2018 #RupeeAt73
Below is the list of countries chosen for comparison with their Developed / Developing status. Note - Developed / Developing status has been derived from Google Search. So I may be wrong at some places. Corrections are welcome #RupeeAt73
Read 30 tweets

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