8.9% YoY #CoreSector growth in June 2021,rise in Exports by 48.34% in June,with #ServicesExports rising from $17bn in 2001 to $205 bn in 2021,under @narendramodi govt,V shaped recovery,is gaining traction
India's IT sector recruited 69132 people in 1QFY22
July quarterly results show #EconomicRecovery is getting broad based
For instance,#UnionBankofIndia posted 255% rise in profit for July qtr at Rs 1181Cr
Net interest margin came at 3.08% in July'21,Vs 2.78% in July'20 qtr
GNPAs came at 13.6% in July'21
Vs 14.95% in July'20 qtr
Surprising how #HathrasLobby which has opinion from ParleG's sales,to all else,is quiet on stellar #BajajAuto July sales,that are up 44% YoY,at 3.69 lakh units
eRUPI is a gamechanger by @narendramodi,showing his commitment to last mile delivery with zero tolerance for corruption
#eRUPI is a non-cash&contactless tool for digital payments;It acts as a voucher,based on QR code or SMS &is sent to beneficiary’s mobile phone
#MudraBank#eRUPI digitally connects service initiators with beneficiaries,sans physical interface
It also ensures payment is made to service provider only after transaction is completed
eRUPI is prepaid in nature,with timely payment to service provider without any intermediary
eRUPI’s single payment mechanism will allow users to redeem coupons at service providers without a card, digital payment application,or access to online banking
#eRUPI is developed by National Payments Corporation of India, #NPCI,on its UPI platform&will enhance #Digitisation💪
@INCIndia,#RahulGandhi,his acolytes& #KhanMarketGang need to explain,why so much love for hardcore #Maoist,Stan Swamy,who wanted to overthrow democratically elected govt of the day in India?
#StanSwamy took money from Comrade Mohan for conspiring to act against the Indian State
Case was registered vide FIR No 04/2018 dated 08.01.2018 at PS Vishrambaug,Pune,Maharashtra regarding inciting people&giving provocative speeches during #ElgarParishad organized by activists of #KabirKalaManch on 31.12.2017 at Shanivarwada,Pune
As part of #Rafale deal,#Dassault investing around €100 million in JV with #RelianceDefence (RD),as part of Offset obligations,which is less than 3% of total #Offset obligations
RD,not getting US$20 billion or even US$4 billion as liar Rahul Gandhi claimed,but less than $120mn
Reliance Defence,was formed after purchase of #PipavavDefence,which was in business of building warships &other vessels for Indian navy for years
So Reliance Defence,not a new company,as alleged by #Congress troll #RahulGandhi&his foolhardy acolytes #Rafale deal,completely clean
During earlier round of bidding for #MMRCA,under @INCIndia led #UPA govt,#Dassault tied up with Reliance Aerospace,which was newly formed company,without any experience in defence or aircraft business
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
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
Of Rs 18170 Cr worth of assets attached,Rs 9371Cr will be transferred to PSBs
This is a huge achievement,thx to Fugitive Economic Offenders Act,brought in by @narendramodi that gives banks power to monetise assets of fugitives,who fled India
.@INCIndia used to evergreen bad loans which means,once a loan came up for repayment,terms of repayment were changed repeatedly, due to which repayment kept getting postponed
Zombies are firms with interest coverage ratio of less than one;it is ratio of a firm’s profit after tax to its total interest expense;Such firms cannot meet interest obligations from their income