I am happy to see that the people of India are bearing temporary difficulties for the long term gain of the nation."Today we live in an era of mobile banking and mobile wallets.
The Prime Minister said over the last few days, he had opportunities to travel to rural as well as urban areas in Uttar Pradesh, Karnataka, Goa and Punjab. Ordering food, buying and selling furniture, ordering a taxi."Large volumes of liquid cash are a big source of corruption and black money," he said while referring to his "historic" decision on November 8 to scrap Rs 500 and Rs 1000 notes with an aim of ending corruption and black money."Today, our trading community has a historic chance to upgrade themselves and embrace more technology, which will bring greater prosperity," he said.Modi said the November 8 decision offered "a unique opportunity" for small traders, who have a central role in the economic transformation of India."I am sure most of you are using cards and e-wallets regularly but I thought I must share with you ways through which increased cashless transactions are possible," he said..Asserting that in 21st century India, there is no place for corruption, Modi said, "Corruption slows down growth and takes a toll on the dreams of the poor, neo-middle class and middle class."I urge all of you, particularly my young friends to lead the change and inspire others to turn towards cashless transactions. Technology has brought speed and convenience in our lives," he added..Along with the article, he posted pictorial references to cashless options like credit cards."In 21st century India, there is no place for corruption.New Delhi: Contending that large volumes of liquid cash are a big source of corruption and black money, Prime Minister Narendra Modi of Friday appealed to the people to "lead the change" towards cashless transactions to lay the strong foundations of an India where there is no place for such malaise."In this context, he referred to his pitch for cashless transactions. Corruption slows down growth and takes a toll on the dreams of the poor, neo-middle class and middle class," he wrote in an article. This will set the strong foundations of an India where there is no place for corruption and black money," the Prime Minister said.all of this https://www.nb-huayi.com/product/ and lot more is possible through your mobiles.He said when he made the announcement, he was aware that the people of India "will face inconvenience but I had requested the people of India to bear this short term pain for long term gain. "Wherever I went, I asked the people - should corruption and black money be eliminated? Should the poor, neo-middle and middle class get their due? The answer I got everywhere was a resounding yes!"

The big boys splurged and a vast amount of money trickled down to the lower levels, made up of brokers, small businesses and retailers.The question is why is a cup of coffee relatively and absolutely far more expensive in Greater Noida than in New York? The answer, as any economist would tell you, is higher factor costs.When the bubble burst, as it had to at some stage, the big boys were left with huge debts, un-sellable assets and plunging incomes. Taxis, clothes, restaurants, liquor and most consumer goods are extremely high in relation to income levels.Businesses must reorient to the middle and lower ends of the markets to grow and survive in the medium, even long term. The government must tailor its policies to aid this process, and not dish out sops, hand out easy loans or go on spending more than it earns. If Café Coffee Day in Greater Noida wants to do business, it must sell coffee at Rs 75 not Rs 150. He too believes that while the top end of the market has collapsed, the rest of the economy is doing just fine. Apart from rents (which are astronomical), most items are cheaper in New York than in New Delhi, if one compares prices to income.High-end shops in expensive malls are not doing well, but the ones in small crowded bazars are doing just fine.Back home in Greater Noida, a suburb of New Delhi, our local Café Coffee Day has just hiked prices: a cup of regular coffee now costs about Rs 150, which is a little over $2. During a recent visit, I would take a ferry every morning across the Hudson River from Jersey City to have my first cup of coffee there. Others too sense the changing dynamics of the Indian economy. Growth was being led by the high end of the market — Rs 300 a shot coffee, multi-crore rupee luxury apartments, restaurants that charged as much as their counterparts in Manhattan, expensive (and heavily taxed) cars, and so on.5 per cent of an average Delhiite’s income, whereas a $2 coffee is only 0. Attempts at loan melas and forcing interest rates down will only worsen the malady. Sales have halved.Brookfield Place in Manhattan, New York, is a trendy office building-cum-mall situated right across the road from the World Trade Centre. Ours can too, but only if we are prepared to change the model. Almost everything except labour is more expensive in most urban centres in India.

If there is some reduction in middle class spending, it is because many companies are not offering finance as easily as before for vehicles and consumer durables. This model worked during boom times, when money was cheap, easy or virtually free for a section of people, the big spenders. The market for all that is practically dead — it has shrunk and will not grow, at least in the medium term.Easy money, a lot of it generated by politically manipulated mega loans, poured into the real estate sector and a slew of companies. He can’t be viable unless the prices are high.The availability or cost of money, as bankers know, is not the real problem.The overpriced restaurants in malls these days are empty, while the moderately priced eat-all-you-can ones are bursting at the seams. This has tanked and for good reason too.The government cannot turn around the economy, only businesses, small and large, can do so. Trying to boost demand by providing more cash to consumers is folly. Most customers are not willing to pay Rs 150 for a cup of coffee. Mall owners need to look at the Thai model for the future.Mr Parekh has his finger on the pulse. The mix of high, middle and low-end retail ensures that the malls in Bangkok thrive at all times.65 lakhs, or about Rs 30,000 a month.Even a small shopkeeper in Greater Noida has to fork out more than a lakh of rupees a month for a tiny retail space. But before it can do that, the back of the country’s rentier class would have to be broken. Among them is economist Rajesh Shukla, whose organisation PRICE measures consumer spending, behaviour and so on throughout the country. Bangkok https://www.nb-huayi.com malls, for instance, house not just top-end retail but small hawker-type ones as well. A Rs 150 cup of coffee is 0. It cost $1.Dr Shukla points out that businesses that cater to the middle class and the masses have not experienced any slowdown — buses continue to be bought and fabricated, middle class tourism is booming, and so is e-commerce, food demand continues to grow, genuine buyers are purchasing property (not the speculators), and so on.The average per capita income in Delhi, according to the latest state economic survey, is Rs 3. Now with realty in the dumps, big spending is a thing of the past. For it points to a systemic correction. The end of the cheap money era coupled with the implementation of GST (which negatively impacted small and micro businesses) and the decline of political influence in bank loan approvals is the cause of the current recession. The unfortunate part is that the government, instead of recognising it as such, is in panic mode and taking steps that could once again flood the economy with cheap money. Given the high demand for capital, interest rates, which constitute the cost of money, is bound to be much higher here than in the United States.The guy who mans the counter complains that business is bad and the outlet is losing money despite the price hike.In other words, demand has not collapsed, the pattern of demand has changed, and will continue to change.But rent? It shouldn’t be that high, but is because for years the politician-builder nexus has tightly controlled the supply of real estate, both commercial and residential, in order to make inflated profits and grease the slush money economy.This, far from being bad news, is a good thing. Are our present rulers up to that?. In comparison, in New York it is about $4,000 per month.The two biggest costs are rents and money. The way to move ahead is clear and transparent, but most do not want to see the writing on the wall.75 for a cup of aromatic coffee.Something clearly is very wrong with prices in general around where I live. The latter is somewhat inevitable in a capital-scarce economy like India. People have cut back on spending, especially the local property brokers who would splurge earlier. HDFC chairman Deepak Parekh says there is good demand for affordable homes, but "we have to get over the past sins of buying land at high prices and building luxurious apartments".05 per cent of a New Yorker’s earnings. Everything slowed down thereafter. More expensive than Manhattan! And here I overlook a run-down commercial complex with haphazard parking and garbage and rubble piled up at every corner. The heart of the problem is consumer demand

There was heavy shelling of mortar bombs, RPGs and firing of Heavy Machine guns (HMGs) and small arms firing targeting forward positions along LoC in Pallanwala,Chhamb areas. "Pakistan troops resorted to unprovoked firing in Mandi and Sabzian sectors of Poonch district from 1345 hours today", Defence Spokesman Col Manish Mehta said. "It has appropriately been responded to, we have given them a befitting reply..They fired 120 mm, 80 mm mortar bombs, automatic weapons and small arms, he said, adding the exchanges are going on.There were reports of two civilians suffering minor injuries in the firing and shelling.

There have been four ceasefire violations today and 10 since the surgical strikes carried out by Indian Army on the intervening night of September 28 and 29. The ceasefire violation is still on", he said.On September 29, Pakistan troops had resorted to firing in Balnoie area of Mendhar sector.Earlier Pakistani troops violated the ceasefire in Poonch using small arms, automatic and mortar bombs (in Shahpur) in Poonch, he said.Pakistan shelled posts along the LoC in Shahpur, Krishnagati, Mandi and Sabzian sectors of Poonch district. Jammu: Pakistani troops violated the ceasefire four times on Monday by targeting forward posts and civilian areas along the LoC in Poonch district with 120 mm mortar bombs and opening fire with automatic weapons, drawing retaliation from Indian troops.Last year, 16 civilians were killed and 71 others injured in 405 incidents of cross-border firing by Pakistan.Pak fired 120 mm, 80 mm mortar bombs, automatic weapons and small arms; exchanges are going on.On October 1, Pakistani troops had shelled Indian posts and civilian areas with mortar bombs, RPGS and HMGS amid small arms firing along LoC https://www.nb-huayi.com/product/motorcycle-bearings/ this sector.Pakistani troops had also violated the ceasefire on September 2 by firing on forward army posts along the LoC in Akhnoor sector of Jammu district.

The Pakistani troops had violated the ceasefire on September 28 by opening fire on Indian army posts along LoC in Sabzian area Poonch sector.Deputy Commissioner of Poonch, Mohmmad Harun Malik said that as per reports from the border area, two civilian has suffered minor injuries.Pakistani troops had earlier briefly opened fire in Krishnagati sector of Poonch district around 0100 hours, officials said.On September 6, Pakistani troops had fired on Army posts along the LoC in Pooch sector.A police officer said the firing started at around 1045 hours and is going on.On September 30, Pakistani troops had opened fire from small arms along the LoC in Pallanwala, Chaprial and Samnam areas of Akhnoor sector of Jammu district.Pakistan had opened fire in forward areas in Pallanwala belt of Jammu district yesterday evening

The video showed a disturbing series of events, wherein the woman was forced to commit incest with her step-son, whipped, publicly raped and then decapitated using machetes, along with the boy, who is said to be in his twenties.The bodies of both the victims remained on display for two days before they were moved to a local cemetery.Accounts of locals from Luebo, in the province of Kasaï-Occidental, where the fracas took place share accounts of harrowing experiences under the group’s regime. Although some Luebo residents attended the public punishment, they maintained a certain distance from the stage.Luebo (Congo): A Congolese woman was publicly raped and beheaded for allegedly serving ‘forbidden fish’ https://www.nb-huayi.com to rebel group members.In the footage, the leader of the rebel group, Kalamba Kambangoma, is seen grabbing the woman by the hair before handing her over to another female member of the group. According to reports, the violence has claimed more than 3,300 lives and displaced 1.According to locals and witnesses, the woman owned a small restaurant on the road that connects Luebo and Mweka and allegedly served rebels a dish containing small pieces of forbidden local fish.Although reported only on Tuesday after the video went viral on WhatsApp, according to a report in France 24, it was filmed some time in April 2017.Several rebels drank their blood after the execution, and some even posed with the young mans severed head, witnesses told France 24.Armed groups bearing his name have attacked government targets including police and soldiers across the Kasaï region, as well as symbols of the Catholic Church.4 million people, during this time..The incident takes place in the backdrop of the Kamuina Nsapu rebel movement, which emerged after the death of a local tribal chief named Kamuina Nsapu, who was killed by the Congolese army in August 2016.Onlookers appeared to be jeering while filming the scene.Despite loss of power and territory in the recent month, the Kamuina Nsapu, which has been fighting Congos government for a year has summarily executed dozens of people

Such practices are now prohibited.The United States government and American firms have voiced concerns about several recent Indian policies."Goyal said he doesn’t want uncertainty for businesses . It did not detail discussions around the question of steep online discounts.The rules led to a brief disruption of Amazon’s online operations in February and shocked Walmart, which had just months before invested USD 16 billion in acquiring control of India’s Flipkart in its biggest ever deal.. It comes in a week when US Secretary of State, Mike Pompeo, is due to visit New Delhi - he is expected to arrive late on Tuesday - and trade tensions have heightened between the two countries.Amazon and Flipkart argued they provide logistics support and other services to small Indian retailers who use their e-commerce platforms to boost their businesses, said the third source who attended the meeting.E-COMMERCE, TRADE CONCERNSThe government brought in the new policy in February after complaints from small Indian traders who said the e-commerce giants used their control over inventory from affiliated vendors to create an unfair marketplace in which they offered major discounts.Goyal has had a series of meetings since last week with foreign and Indian e-commerce firms and technology companies with an aim to iron out policy issues.On Monday, concerns around online discounts available on Amazon and Flipkart were discussed specifically during the meeting, with both companies asked by government officials about how they price products online, the sources said. Other than stricter e-commerce rules, India has demanded companies to store more of their data locally..Goyal during the Monday meeting defended the government’s new FDI policy, saying the rules should in no way be violated by any company, both in letter and in spirit.India from Feb 1 imposed new e-commerce FDI rules to help hundreds of thousands of small traders, but small businesses and a right-wing group close to Prime Minister Narendra Modi’s ruling party say there are still issues. They allege big online retailers use complex business structures to circumvent federal rules, and still burn billions of dollars to offer discounts.. The government will not allow e-commerce firms’ discounting practices to affect small shopkeepers, Goyal said, according to three industry executives in attendance.Amazon and Flipkart say they’ve complied with the rules and deny any wrongdoing.Government has told foreign e-commerce firms such as Amazon and Walmart’s Flipkart that they must ensure compliance with new foreign investment rules aimed at deterring them from providing steep online discounts, three sources familiar with the discussions told Reuters.Commerce Minister Piyush Goyal has said that while the government was prepared to listen to concerns about its new foreign direct investment rules https://www.nb-huayi.com/product/motorcycle-bearings/ (FDI), it was committed to protecting small traders from predatory behaviour by foreign-funded companies, the sources said."The minister was clear and direct," said one of the executives.In a statement on Tuesday, the commerce ministry said it had formed a committee to hear grievances on issues related to FDI in e-commerce, adding it will ensure small retailers thrive in the country.Flipkart CEO Kalyan Krishnamurthy in a statement said the company looked forward to working with the government and Goyal had engaged "in a candid, positive & progressive" discussion.Amazon said it welcomed the "open and candid discussions and the promise of continuing engagement" with the government, adding it was committed to supporting various Indian government initiatives. He has also discussed what government press releases describe as "threats" local firms face from "large foreign competition". Both companies, and the US government, protested against the rules in January, saying they would force firms to change their business structures, Reuters has reported.The comments were made by Goyal during a closed-door meeting on Monday with several e-commerce companies. he talked about having an inclusive policy that protects interests of all stakeholders," said one of the sources. In 2017, the United States lodged a written protest against India’s decision to cap medical device prices

A Seattle-area startup, backed by the venture capital arms of Boeing Co and JetBlue Airways Corp announced plans on Thursday to bring a small hybrid-electric commuter aircraft to market by 2022.UL] and European planemaker Airbus, are working on electric-powered self-flying cars.The travel time of over four hours would be cut in half by avoiding the crowds and security lines at big hubs that are required for larger planes. "That kind of aircraft doesn’t currently exist."Zunum first announced its plans for hybrid-electric aircraft in April, and revealed that Boeing HorizonX and JetBlue Technology Ventures had invested in its initial round of venture funding. Zunum has started talks with plane makers about building the airframe, and it is building non-flying prototypes of the powertrain to test batteries, the electrical system, software and other components, Knapp said. On Thursday it disclosed specifications and a timetable for the vehicle entering service.The planes eventually would fly solely on battery power, and are being designed to fly with one pilot and to eventually be remotely piloted, he added."Airlines are very keen to know how to fly a shorter distance and make money on it," Matt Knapp, co-founder and chief aeronautic engineer of the Kirkland, Washington-based company, said in an interview. The cost would be about $120 one way, the company said.Zunum’s planes would fly from thousands of small airports around big cities to cut regional travel times and costs.S.The motor, which Zunum https://www.nb-huayi.com/product/metric-88500-series/ is designing, will drive a fan similar to the bypass fan on a jet engine, but without a jet’s combustion.In a separate but related development, Boeing said on Thursday it plans to acquire a company that specializes in electric and autonomous flight to help its own efforts to develop such aircraft.Several companies, including Uber Technologies Inc [UBER.Electric-vehicle batteries, such as those made by Tesla Inc and Panasonic Corp, would power Zunum’s motors, although Zunum has no commitment with either company.. About 96 percent of U.Zunum says the plane would cruise at about 340 miles an hour and at altitudes of about 25,000 feet (7,600 meters) - slower and lower than conventional jets.A flight from Silicon Valley to Los Angeles, for instance, would leave from Palo Alto, San Carlos, Hayward or Reid Hillview airports and arrive in Santa Monica, Burbank, Hawthorne or San Gabriel Valley airports."We’re getting airline pricing down on a small plane and doing it for short distances," Knapp said.Recent advances in battery technology, lightweight electric motors and carbon composite airframes would cut the cost of flying Zunum’s aircraft to about eight cents per seat-mile, about one-fifth that of a small jet or turboprop plane, Knapp said.Current battery technology can only power the plane for about 100 miles so a gas-powered engine would be used to generate electricity to power the motors for additional range.Zunum does not expect to be the first to certify an electric-powered aircraft with regulators. air traffic travels through 1 percent of its airports, leaving thousands of small airports virtually untapped, Knapp said.Zunum’s plans and timetable underscore a rush to develop small electric aircraft based on rapidly evolving battery technology and artificial intelligence systems that avoid obstacles on a road or in the sky.The small airliner is the first of several planes planned by Zunum Aero, which said it would seat up to 12 passengers and be powered by two electric motors, dramatically reducing the travel time and cost of trips under 1,000 miles (1,600 km). A supplemental jet-fuel engine and electrical generator would be used to give the plane a range of 700 miles and ensure it stays aloft after the batteries are exhausted, Knapp saidZunum plans to make a larger plane seating up to 50 passengers at the end of the next decade, and the range of both would increase to about 1,000 miles as battery technology improves, Knapp said. Rather, it is aiming to fill a market gap for regional travel by airlines, where private jets and commercial jetliners are too costly for many to use