You say no one wants to invest in India--facts👇

India attracted $20bn of FDI in just 3 mnths of April-June 2020;Our forex reserves@ $538bn are 3rd highest,globally

We are 5th largest global economy, ahead of France&UK

Writing on economy is tougher than wooing people via DMs👎
.@chetan_bhagat,you keep harping,we are a poor nation

We are largest two wheeler,2nd largest steel,3rd largest electricity producer&2nd biggest smartphone market,globally

Thx to @narendramodi govt,we run world'd biggest healthcare scheme #AyushmanBharat,covering 50Cr Indians💪
*world's

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More from @Sanju_Verma_

22 Sep
#LabourCodes provide exemplary flexibility to industries;Definition of "fixed term" employment has been changed,making it easier for firms to hire contractual workers

Fixed term/Contractuals&regular workers will enjoy equal benefits,in many spheres,to protect Contractual workers
Social SecurityCode by @narendramodi govt will universalize social security by bringing informal&platform workers, under its ambit

Firms with less than 20 workers can join #EPFO to get social security benefits

Big move by @narendramodi govt to give informal sector a safety net
Internal workers will be free to voluntarily join employee state insurance,#ESI,scheme for getting healthcare benefits

#SocialSecurityCode says,all employees will now have offer letter

States&Centre will create database on #migrant workers&offer them several benefits-Good move
Read 8 tweets
21 Sep
#FarmBills will soon be legislations,nothwithstanding antics in #rajyashabha,by likes of
#DerekOBrien& #SanjaySingh

@narendramodi,famously said, "Mind is never a problem;Mindset is"!

My #Oped in @DailyGuardian1 dissects,historic FarmBills, threadbare👇

thedailyguardian.com/modi-govts-far…
My Oped in #TheDailyGuardian which discusses each of the 3 #FarmBills in great detail,tells you why the Bills by @narendramodi govt will not only end #Monopoly by #Arhatiyas,but will also end the #Monopsony of APMC Mandis-Yes, you heard it right--Monopsony is worse,than Monopoly
#AgriReforms by @narendramodi👇

Onboarding 1000 #eNAMs

Setting up #FPOs to improve farmers' bargaining power

1 lakh Cr #AgriFund for investment in Post Harvest Infra

#InterestSubvention of 2%

Issuance of 6.7Cr+ #KCCs&Rs 6000 to over 14Cr farmers,via #PMKisan

#FarmBill2020
Read 5 tweets
19 Sep
Apart from historic #FarmBills to defang APMC,amendments to
#InsolvencyandBankruptcyCode,by @narendramodi gov,merit attention

IBC Bill mandates that default on repayment wef March25,2020 would not be considered for initiating insolvency proceedings for at least 6mnths-Big move
This amendment to #IBC will aid #MSMEs in particular,who may have been impacted by lockdown

Guiding principle of IBC by @narendramodi gov has been #Resolution of a distressed unit,to keep it as #GoingConcern

#Liquidation is the last resort&updated IBC Bill seeks to further that
Big highlight of #MonsoonSession is #Supplementary demand for addnl spending of 2.36 lakhCr by @narendramodi gov due to #Covid, of which 1.67 lakhCr is cash outgo

40000Cr more for #MNREGA
20000Cr for #PSBRecapitalisation
44340Cr as #RevenueDeficit grant to States&2262Cr to #SDRF
Read 4 tweets
18 Sep
My thread on historic #FarmBills by @narendramodi govto unshackle farmers from monopolistic #APMCs&give them freedom of price discovery,rebuts flimsy allegations

It also highlights why most farmers' protests are concentrated in Punjab

How Modi broke,the wily #Arhatiya system👇
* govt to
Do #AgricultureBills remove MSP? No!Do Bills remove Procurement by FCI?No

Do #FarmBills tamper with PDS?No

There are 6900 APMCs now,with each #APMC catering to 300-400 villages;The Bills will create new #TradeAreas that will not replace but compete with APMCs,hence the protests
Read 5 tweets
18 Sep
Defanging #APMCs mean👇

Farmers can sell directly to processors,at price they wish to,with no middlemen

Farmers can sell beyond Notified Mandi

#MSP to continue

#TradeCartelisation to end

@narendramodi gov creating single #AgriMarket
My Oped @firstpost
firstpost.com/india/defangin…
While @HarsimratBadal_ has politicised the issue,#Punjab,an @INCIndia ruled State,is one of the few States that already allows #ContractFarming,in select commodities,to farmers,via separate State legislation..So opposition to #FarmBills by Congressis&Akalis,is not about Farmers!
Are #Akalis opposed to #FarmBills of @narendramodi govt,as these Bills once they become Acts,will strip Mandi Traders,wily Commission Agents,Food Processors,Exporters&Marketing Committees of #APMCs,of the brazen power they wield,forcing farmers to sell their produce,dirt cheap?😑
Read 10 tweets
9 Sep
#HappiestMindsIPO looking to raise 110Cr,got bids worth 58000Cr

Retail subscribed 71 times
HNI subscribed 351x
Institutional,77x

Overall,#IPO was subscribed a massive 151 times,highest for a IPO in recent history

After Aug #PMI at 52,this is yet another positive

#GreenShoots
Non-life #insurers saw 10.38% rise in premiums in Aug@Rs 17623.25Cr

General insurers saw #premium collection go up 5.57% in Aug2020 to Rs13139.63Cr

Biggest gainers in premium were standalone health insurers,who saw 36.42% rise in premiums to 1462.92Cr 💪

#GreenShoots #Economy
If one thing should have been big news,it is $40billion valuation of #YONO,SBI's digital lending platform

YONO got 2.7Cr users in just 6 months--It disburses 70Cr worth loans every day,largely to #MSMEs

YONO is biggest start up by any legacy bank,#SBI in this case💪

#economy
Read 5 tweets

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