Ashwin Singh Profile picture
🇮🇳 Facts over Ideology & Emotions. Constantly jumping btw Center sei thoda Left & Center sei thoda Right. My tweets are Endorsements only when I say so.
31 May 20
To jump on the bandwagon of "Nationalism" by trending #BoycottChineseProducts is complete buffoonery & idiocracy.

Boycotting is not a SOLUTION for the Indian industries/ manufacturers/retailers who depend on or sell Chinese imports.

It's a economic suicide.

(THREAD)
First provide adequate ALTERNATIVES so that they can survive if U start boycotting.

Stop hindering our economy by such petty hashtags.

#AtmaNirbharBharat is not Boycotting, it is first to achieve SELF RELIANCE & SELF SUFFICIENT goals, then boycott whomever u want.
India did $93bn trade with China in 2019 with $57bn trade deficit.

If we boycott, What that means for the indian market is we have less products which have (more than) worth $93bn in our economy.

It affects Indian economy more than it affects the Chinese economy.
Read 7 tweets
16 May 20
Today's FM announcements were focused towards govts intention for structural and sectoral reforms for #AtmnirbharEconomy.

Coal
Mineral
Defence
Civil Aviation: Airports, MRO
Electricity sector
Social Infrastructure
Atomic sector
Space

[THREAD]

#AatmaNirbharBharatAbhiyan
Legislative Reforms needed for #AtmaNirbharEconomy:

MSME Act
ECA Act
APMC Act
Coal Mines Act
Mines & Minerals Act
Mines & Collieries Act
Electricity Act
Aircraft Act
AAI Act

Only INTENTS no clarification on LEGISLATIVE IMPLEMENTATION yet.
# Coal Reforms:

India 3rd largest producer as well as consumer of coal, contributes to major part of power generation yet India sees the highest imports of coal

-Reducing the monopoly of CIL & intro of Competition by pvt

-Commercial Coal mining for exploitation & production
Read 9 tweets
13 May 20
The Economic package for Self-Reliance (#atmanirbharbharat) amid covid:-

Announced package - ₹20lakh cr
Already announced PMKGY - ₹1.7lakh cr
RBI liquidity announced - ₹6.5lakh cr

11.5 lakh cr NEW packages to be announced by #NirmalaSitharaman

(THREAD)
₹3 lakh cr loan package, ₹50k cr equity infusion and ₹20k subordinate debt(NPA) relief for #MSMEs are great announcements.

But only 33% MSMEs take credit from formal sector(Banks&NBFCs), 66% take it from informal sectors.

Will this reduce NPA in formal sector by MSMEs??
The definition change for #MSMEs was a needed measure but it's not something newly proposed.
It was proposed in 2018 by cabinet but came into consideration amid this Covid adversity.

Hope this changes the drastic figures as current avg employment generated by MSME is of 2.
Read 8 tweets