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India’s transition from Receiver to Donor of Foreign Aid

Discussion in 'World Economy' started by sunny_10, Jan 13, 2013.

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  1. CountryFirst

    CountryFirst BANNED BANNED

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    That's how real families work. But it's not called as aid between them. Maybe to you it's aid coz everyone may have their own accounts. But o us, the income of the members in a family belong to the family, and not to any one individual.
     
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  2. sunny_10

    sunny_10 BANNED BANNED

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    look, remittances to India is hardly around $30billion from US+EU, check, and it is from those high qualified professionals who run US's industries, to help them have high technologies and these industries not only employ low skilled/unskilled local civilians but also these firms pay very high taxes to the US's government from the business they do by using these High Qualified migrants, mainly Indians, who are cream of their society, and migrated there under "Demand List Category" for a better future. and hence they are involved in building US's society/economy this way :tup:

    at the same time, we do know that most of the companies as below are Western, so this way you get at least half of your $30billion remittances back to US+EU again this way. have fun :cheers:


     
    Last edited: Apr 28, 2013
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  3. rocky.idf

    rocky.idf BANNED BANNED

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    1. We never sought this money. The general feeling here is that the fund has been thrusted down our throat with a compliant graft-ridden govt in power. Also benefits the graft seekers in India.

    2. There is an interest to be paid - which is higher than what we pay to WB or ADB. Btw, some nations like China, UAE, S Arabia, etc give us outright grant or credit at zero interest. India will now push in eqpt/machinery that we don't need, and that would not be world class. Will please the large Indian corporations looking for sales.

    3. Sorry, if anyone in India thought this has brought BD nearer then the opposite is true.
     
  4. sunny_10

    sunny_10 BANNED BANNED

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    India Gives Financial Aid to War-Ravaged SL Businesses
    -APR 11, 2013

    India today extended financial grants to businesses in northern Sri Lanka, ravaged by the nearly three-decade-long civil war, to promote economic development and prosperity in the country.

    Additional Secretary of the Indian External Affairs Ministry P S Raghavan visited the former stronghold of the Liberation Tigers of Tamil Eelam (LTTE) in Kilinochchi to award grants to some 1,233 small and medium scale businesses.
    :thumb:

    "The government of India will be with you in your economic development and prosperity", Raghavan, part of a team of officials here with a 5-member Indian parliamentary delegation, told the gathering.

    The 1,233 businesspersons received cash grants ranging between Sri Lankan rupees 50,000-200,000 based on the scale of devastation suffered by them due to military clashes between the government troops and the LTTE.

    Revathi Robert, whose medicine retail store was destroyed in the war, said although her loss was quite large, she could now rebuild her business with the Indian grant assistance.

    India and Sri Lanka have also agreed to resume the ferry service between Rameshwaram and Talaimannar in north Sri Lanka within the next two months, Raghavan said.

    The service was suspended in 2012.

    Raghavan said that building of two railway tracks to link Talaimannar with Pallai in Jaffna and the building of 50,000 homes are two key Indian assistance-funded projects in the north.

    India will also fund the commissioning of a factory to process palmyra-related products.

    India Gives Financial Aid to War-Ravaged SL Businesses | news.outlookindia.com
     
  5. Manmohan Yadav

    Manmohan Yadav Brigadier STAR MEMBER

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    [MENTION=8797]sunny_10[/MENTION] congrats on reaching 1050 posts
    this was it.
     
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  6. sunny_10

    sunny_10 BANNED BANNED

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    India increases aid to Sri Lanka

    CHENNAI: Even as the anti-Sri Lanka mood in Tamil Nadu is getting more belligerent, the Centre has increased its annual grant to the island nation in the Union Budget. The allocation has gone up to Rs 500 crore for 2013-2014 from Rs 290 crore last year. It was Rs 181.94 crore in 2011-2012. The Budget has allocated Rs 5,550 crore as aid for foreign governments and organizations. :india:

    The grants for Sri Lanka are meant for rehabilitation of internally displaced Tamils, but parties in Tamil Nadu have accused the government there of diverting the Indian aid for other purposes. The issue could be raised again with the two main Dravidian parties, the ruling AIADMK and the opposition DMK, using it to corner the UPA government. The move comes at a time when political parties in the state have stepped up their offensive against the Lankan government for alleged war crimes.

    Recently, UK's Channel 4 had released pictures allegedly showing Balachandran, son of LTTE leader Velupillai Prabhakaran, minutes before and after he was killed towards the end of the decades-long civil war in 2009. Former Indian ambassador to Italy K P Fabian pointed out that increasing the grant to Sri Lanka was important. "It is not only in the interest of Sri Lanka. It is also in our interest. The Indo-Sri Lanka relationship is important." Sri Lanka should also understand that there is a growing international concern about the manner in which it has dealt with the Tamil question, he said.

    Under the non-plan category, the Indian government has proposed to donate Rs 4,143 crore to various foreign governments and organizations, besides Rs 1,406 crore under the plan category to Afghanistan, Bhutan and Myanmar. But unlike 2012-13, when the government allocated Rs 550 crore to Bhutan and Maldives, in the budget for 2013-14, there is no loan component to any country and all the money is treated as grant alone. :india:

    Prof V Suryanarayana, a senior research fellow at the Centre for Asian Studies, said India has committed to help the Tamil minority in Sri Lanka in recent years. "Housing scheme and other development projects have been announced by the Indian government with the good intention of helping Tamils," Suryanarayana told TOI. But most of the projects have been getting delayed due to 'non-cooperative attitude' of the Sri Lankan government, he said. "For instance, housing for internally displaced Tamils have been delayed due to non-allotment of land by the local government," Suryanarayana said.

    He also pointed to the speedy progress of Chinese projects in Sri Lanka. "The projects of the Chinese government are being completed quickly with the co-operation of the Sri Lankan government," he said.

    In another strategic move, the Centre has increased grants for all the neighboring countries, including Afghanistan, Bangladesh and Nepal. The Indian government has not allocated any aid for Pakistan for the last three years. "It is important for India to promote development in its neighbourhood in SAARC region as well as African nations. Allocating funds to neighbours is not to compete with China. In our own foreign policy, we have expanded system of technical and financial assistance in recent years," said Fabian. :india:

    India increases aid to Sri Lanka - Times Of India
     
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  7. sunny_10

    sunny_10 BANNED BANNED

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    duplicate post
     
  8. sunny_10

    sunny_10 BANNED BANNED

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    India's growing stake in Afghanistan
    28 June 2012

    India is flexing its soft power muscles this week by hosting an international investment conference on Afghanistan, barely a week before another global gathering in Tokyo to pledge aid. The BBC's South Asia correspondent Andrew North examines the deepening ties between India and Afghanistan.

    On a recent flight from Kabul to Delhi none of the Afghan passengers were surprised when take-off was delayed.

    Business class was still empty. Some VIPs must be running late, they concluded.

    They were right, except the late arrivals turned out to be very important policemen - among them a colonel - severely injured in another insurgent assault on Kabul.

    It is quicker to fly to next-door Pakistan. But when officials like this need help, Afghanistan would rather trust its old friend India to look after them.


    Battle for influence

    Encouraged by the US and its Nato allies as they prepare to retreat in 2014, India and Afghanistan are deepening their ties, to the frustration of their neighbour sandwiched in-between.

    The two states signed a strategic partnership last year, which among other things promises more Indian help in building up Afghan security forces.

    More than 100 Afghan officers are already attending Indian military colleges, with the number set to rise.

    In effect, the next round of the age-old battle for influence in Afghanistan has begun.

    India is watching closely the actions there of its huge northern rival China, which has secured rights to vast copper deposits.

    The Indian government is keen to emphasise the soft power side of its strategy, such as Thursday's gathering at a plush Delhi hotel aimed at attracting more foreign investment into Afghanistan.

    "Let the grey suits of businessmen take the place of the olive green fatigues of soldiers and generals in Afghanistan," Indian Foreign Minister SM Krishna told a conference hall filled with would-be investors.

    In financial terms, India is already one of the biggest players in Afghanistan.

    It has pledged or spent some $2bn (£1.3bn) worth of aid over the last decade to build roads, power stations and even the Afghan parliament.


    'New silk road'

    India has been rewarded with rights to mine Afghanistan prime iron ore reserves.

    It is state companies who are leading the way so far though.

    Private investors at the conference seemed to be doing more window-shopping rather than being ready to invest - with many nervous about events after the Nato pull-out.

    But for Indian companies there is an open door, from the Afghan street to the presidential palace.


    Afghan President Hamid Karzai did his university studies in India and speaks Hindi. :smile:

    Walk through central Kabul and you soon lose count of the number of places selling Indian music and movies.

    While you never hear a good word about Pakistan, you rarely hear a bad one about India.

    Afghan officials at the Delhi meeting were talking of a "new silk road" between the two countries, even though Commerce Minister Anwar ul-Haq Ahadi admits Afghanistan is still "one of the riskiest places in the world to do business".

    But go to a private Delhi hospital and you see a new kind of silk road already emerging, with a boom in Afghan medical tourism.

    It is not just security personnel coming for specialist care, but thousands of other Afghans for routine operations.

    Some hospitals now have separate reception desks with staff speaking the two main Afghan languages to handle the numbers.

    As most Afghan patients pay with wads of crisp dollars, the hospitals want them to keep coming.

    Locals in Delhi's Lajpat Nagar district, where many Afghan medical tourists stay, joke it should be renamed "Little Kabul".

    The connections between the two nations are set to get physical, if a recently signed deal to pipe gas 1,700km (1,056 miles) from Turkmenistan across Afghanistan and Pakistan to India goes ahead.

    India's state gas company is one of the leaders of a consortium trying to persuade global investors to stump up $7.6bn (£5bn) for the so-called TAPI pipeline later this year.

    It is a rebirth for an old idea which US companies tried to get the Taliban to sign up to before 9/11 - and with the route by-passing Iran, the Americans are encouraging it again.

    With the obvious security challenge of trying to lay and protect a pipeline not just across Afghanistan - but also the troubled Pakistani province of Balochistan - the project has been derided by some in India as, well, a pipe dream which leaves Delhi beholden to its old enemy Pakistan.

    There are fears it will only increase the risks India faces in Afghanistan.

    It has already lost diplomats in bomb attacks on its in Kabul embassy - attacks India says were carried out by Pakistani-backed groups.

    Getting in deeper only inflames India-Pakistan tensions, some argue.


    Strategic self-interest

    Why does not India just get out and leave "Af to Pak" asked a column by Shekhar Gupta, the influential editor of the Indian Express.

    Foreign ministry spokesman Syed Akrabuddin says India's presence is about its own strategic self-interest.

    "Afghanistan is in our neighbourhood and there is a history of Afghan soil being used for terror attacks on India. We can't have that again," he said.

    The truth is that few Indians pay much attention to their government's policy in Afghanistan.

    If they consider the country at all, they think of it as a place of suicide attacks.

    But there is a kinder image too, from the Kabuliwalla story taught in many Indian schools - about a poor Afghan who comes to Calcutta to work to pay off his debts and befriends a young girl.

    The many Afghans coming to India for medical treatment or business are showing another side to their country too, one Indians realise they can benefit from.

    Delhi's "Little Kabul" looks set to keep growing.

    BBC News - India's growing stake in Afghanistan
     
    Last edited: May 19, 2013
  9. sunny_10

    sunny_10 BANNED BANNED

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    Whenever Western Media comes to India, they are generally failed to look on the pictures on the back of these poor...... the picture looks like taken from Mumbai and its property price is as below: :coffee:


    also, We have new GDP Per Capita on PPP calculation for India considering the year 2012 also, is as below:

    now poverty of India is because of its over population. Most of the problems of India is because of its Over Population and India has to reduce its population only. otherwise India has around 350mil Upper Middle Class, more than total population in 1947, whose per capita income on PPP is similar to the Very High HDI countries like Argentina, Poland, Saudi Arabia etc. one day I calculated as below:-

    first, we find GDP on PPP of India was $4.45tn in 2011 but its still manipulated by the US/UK since 2007. as, till 2006, we had a different way of measuring GDP on PPP which used to include estimated undocumented part of GDP also. and I remember, this way GDP of high population 'developing' countries was around 50% to 80% higher, and for the middle order countries like Brazil/Turkey it was around 10% higher. and for the developed nations, the difference was hardly around 1% to 3% by that "Old Method" which was in application till 2006. like as below:

    means, GDP of India on PPP was already $5.16tn in 2006. again we have India's growth rate since 2007 as below:

    India GDP Annual Growth Rate

    here we find, "Average Growth Rate" of India from first quarter of 2007 till the December quarter 2012, stood at around 7.7%, on 'annual' basis. hence considering GDP on PPP of India at $5.16tn in 2006 by Old Method, we may calculate its value by 2012, after 6 years since early 2007, as below:

    GDP on PPP of India by end 2012 = 5.16*1.077*1.077*1.077*1.077*1.077*1.077= $8.053tn

    but we would also get to know that PPP value consider value of goods and serivces in US$ term, means we would include the factor of inflation of United States also. and even if we consider average 2.0% inflation of US for those six year in between early 2007 to 2012, with considering an overall factor of just 1.10 this way, then GDP on PPP of India comes around = 8.053* 1.1= $8.86tn by 2012. and it still hasn't included 'Value Added' effects also........

    again, we know that share of agriculture was around 17% in India's GDP in 2012. therefore, we find share of agriculture in indian economy, 0.17 * 8.86= $1.506 trillions, on which 50% population of india is dependent. means around 600mil people based on agriculture in india have per capita income around = $2,500 on PPP by 2012, which is itself similar to the lower middle order countries.

    this way, 8.858 - 1.50 = $7.36tn is left for rest of 600mil people based in industry and service in India, with per capita income of around $12,366 on PPP which is higher than Brazil..........

    again, we have news that 25% of the population of cities are either in slum or in bit better condition only. so we would consider per capita income of 300mil living in cities in low condition at hardly $3,000 which takes a share of $900bil from its GDP. hence we are then left with around 7.36 - 0.90 = $6.46tn, around, for rest of 300 mil people living in cities, the so called Middle Class of India with per capita income around $21,533 on PPP this way.

    but it is estimated that out of total 600mil people based in agriculture sector, it also has around 50mil Lower Middle Class with Per Capita Income around $12,000 on PPP. (as we know that agriculture has higher share of 'undocumented' part, with that, Agriculture also has higher share of non-taxable business of India.) so we find total middle class of India around 350mil with per capita income around $20,000 on PPP which is similar to Very High HDI countries like Argentina, Poland, Saudi Arabia etc, which is more than total population of India at the time of freedom in 1947 :coffee:
     
    Last edited: May 20, 2013
  10. sunny_10

    sunny_10 BANNED BANNED

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    as in above post, with the estimated 350million Indian Middle Class, whose Per Capita Income on PPP at around $20,000, which is similar to Very High HDI countries like Saudi Arabia, Poland, Argentina etc, we also have an estimate of Upper Class of India as below: :coffee:

    (here, 350million Middle Class of India is more than total population at the time of freedom in 1947, when it was at around 347million.)

     
    Last edited: May 20, 2013
  11. sunny_10

    sunny_10 BANNED BANNED

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    double post
     
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  12. sunny_10

    sunny_10 BANNED BANNED

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    the above report mention around 109 Billionaires in India, as compare to hardly around 60 by Forbes, its because Forbes estimate only Share values, while the above report includes, "shares in public and private companies, residential and investment properties, art collections, planes, cash and other assets, according to Wealth-X...". :coffee:
    World's Billionaire Club Grows; Ultra Millionaires Lose Money - WORLD PROPERTY CHANNEL Global News Center


    and here is the main report, as below :tup:
    Wealth-X World Ultra Wealth Report 2011-2012 | Wealth-X


    also, we have an overall look on the UHNW of the world as below :coffee:



    => with that, a different report by Knight Frank Wealth Report 2013, puts Indian billionaires at 5th rank, while taking properties etc also into account, as below: :coffee:

     
    Last edited: May 21, 2013
  13. sunny_10

    sunny_10 BANNED BANNED

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    .
    7,730 high net worth Indians collectively own $925 billion: Report - Economic Times


    => further to the above talks, BRIC economies as whole have their UHNWI estimate as below: :coffee:

     
    Last edited: May 21, 2013
  14. sunny_10

    sunny_10 BANNED BANNED

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    duplicate post
     
  15. sahil

    sahil 2nd Lieutant FULL MEMBER

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    India should both be a recipient and donor country. India should donate more to our neighbors, as it is a necessity because if our neighbors dint adequately grow then that will be a huge drag in our economic growth itself. As for countries that are donating to india they shouldn't donate through the Indian govt rather they should donate to the people directly or through respectable NGOs.Because this will help in proper utilization of the money and also in tracking the effect of the respective donation
     
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