seriously?
you should stand for the next MLA elections
I am saying based on what my college did. I studied engg only. You know LPG prices are high and my chairman wanted to save money on mess food. Mess fees were mandatory. So he invested in small bio gas plant , that saved like 80% of energy expenses. I thought the same gas can be used for any transportation. Interestingly there is an IIT paper where they said almost anyone can setup bio gas plant and they tried running CNG car engine with bio gas.
You mean a entrepreneur ? For all I know politicans draft easy policies for setting up plant, clear beauractic nightmare however govt can’t run any bussiness and neither it should
yeah, if you say it works and that too in a big scale
I do have plans for that. Energy bussiness are always profitable and evergreen.
The issues are:-
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People need to leave this taboo and be okay with using bio gas for cooking. Hasn’t happened , govt tried it’s level best and gave up.
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Need to research how raw biogas works with IC engines and with aircraft engines
Thinking of crowd sourcing to fund the entire thing, but the main issue everyone says raw biogas has hydrogen sulphide which leaves residue inside which I think is false as even petrol and diesel have hydrogen sulphide. It might be nice to read any research paper written by PhD scholar that experimented running a car on biogas and the effect it had on engines. Germany already has biogas bus though not sure if they use unprocessed biogas or processed one.
So yeah these questions are there.
Singapore is far more capitalist than India and it does this. Owning a private car and getting a driving license is very expensive there. Middle class can’t afford it. Not only this, their government decides the quota for number of private vehicles that can be sold every year and then auctions the permits for them. Only those who have permits, can buy the car.
Before that the govt first needs to improve public transport. Singapore is among the top if not the top in public transport facility. Comparing Singapore policy to Indian is like comapring Grape to Jackfruit. Population, geographic location, median income, the way the government makes income. Omg so many differences. If we start implementing that it will only start the downfall early.
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i did some reading yesterday and got the info that when the interest rate in our country goes up, the chances of currency appreciation goes up
ie if our 10Y rate is 7.4% and it goes up to 8.4% over the next year – then the chances of local currency appreciation is higher.
if our interest rates go down say to 6.5%, then INR will further depreciate
@Jason_Castelino can you throw some light or references on why you think otherwise ?
For numerical example I just type interest rate parity in YouTube. I hope you are comfy with Hindi.
After watching this I felt like I was studying for CA FINAL again.
Again. As I have mentioned above too, it’s all theoretical.
Then in that case don’t you think, Zimbabwean currency should have even the strongest ?
as i deep dive into this matter, the subject keeps getting complicated.
What does the FIIs gain when they know the Indian currency is rigged to depreciate ? Their returns on the equity should outpace the INR devaluation to make any profit. Such a big risk !
USDINR +7.89% , Nifty -2.09% FY22-23 YTD – so the person who converted USD to INR and then invested in India lost more than an average retail trader who invested in INR.
If he started with 1000 USD ~ @75.91 USD INR = 75910 INR
invested in nifty50 would have resulted in 2.09% loss ie 74323.48 INR
converting it back to USD @ 81.91 conversion rate = 907.37 USD ~ -9.263% loss
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You must have seen FIIs selling even at lower levels and then buy it back at higher levels. They may not actually lose money here.