Comments for http://inchincloser.com Wed, 15 Feb 2012 14:06:57 +0000 hourly 1 http://wordpress.com/ Comment on Join the car rally from Kunming to Kolkata to improve bilateral relations by Capt.(Rlsd) Q F Ahmed,MCMI http://inchincloser.com/2010/09/22/join-the-car-rally-from-kunming-to-kolkata-to-improve-bilateral-relations/#comment-833 Wed, 15 Feb 2012 14:06:57 +0000 http://inchincloser.com/?p=1826#comment-833 I am so thrilled by knowing that you have opend a new car rally route from Kunming to Calcutta by touching Ruli-Mendela-Tamu-Moore-Imphal-Shilchar-Karimganj-Sutarkandi- Dhaka-Jessore-Benapol-Petrapol and then Calcutta. This is a great adveturous programme. wish I could join you lot. Thanks and wish you a happy GO.

wish I could see the route on a map.

]]> Comment on Indian medical students studying in China rise; attracted by better facilities and cheaper fees by Inchincloser http://inchincloser.com/2012/01/27/indian-medical-students-studying-in-china-rise-attracted-by-better-facilities-and-cheaper-fees/#comment-827 Mon, 13 Feb 2012 12:24:42 +0000 http://inchincloser.com/?p=3513#comment-827 http://timesofindia.indiatimes.com/home/education/news/Enter-the-Dragon/articleshow/11872396.cms

]]> Comment on Megacity Hopping: From Bombay to Shanghai by Maryann http://inchincloser.com/2012/02/10/megacity-hopping-from-bombay-to-shanghai/#comment-824 Sat, 11 Feb 2012 15:41:50 +0000 http://inchincloser.com/?p=3543#comment-824 GREAT, DEV…. I wish you the best in your stay in China….professionally and socially……
Will keep a look out for your regular updates….
Take care too….
Maryann

]]> Comment on Megacity Hopping: From Bombay to Shanghai by Craig http://inchincloser.com/2012/02/10/megacity-hopping-from-bombay-to-shanghai/#comment-823 Sat, 11 Feb 2012 15:02:08 +0000 http://inchincloser.com/?p=3543#comment-823 I’m already inspired, Dev, by your initiative and energy. I look forward to following your adventures in Shanghai.

]]> Comment on India increases export duty on Iron ore by Deepak http://inchincloser.com/2012/01/05/india-increases-export-duty-on-iron-ore/#comment-788 Wed, 11 Jan 2012 21:41:19 +0000 http://inchincloser.com/?p=3435#comment-788 The steel industry is now shamelessly & openly gleefully anticipating reduction in iron ore prices at the cost of the exchequer and people of India by reduction of prices from NMDC’s ore supply to them after successfully lobbying the Steel and Finance ministries to increase the export duty on iron ore to 30%! In the name of conserving resources, these pvt profiteers are getting a Govt subsidy of Rs.25,000 crores from NMDC and railways at the cost of Indian Govt and public (by NMDC’s flawed pricing formula of international iron ore price less export duty less export railway freight (since the ore is for domestic supply, these factors of export duty less export railway freight should logically not be reduced to determine domestic ore price). Despite the huge subsidy, these steel producers have the face to increase steel prices for Indian consumers by Rs.500-1500 this month based on increase in international steel prices, thus robbing Indian consumers of the benefit of subsidised ore! They have also quoted twisted figures: in fact export of iron ore is worth USD 10 billion and steel import is just USD 4 billion and in fact on net basis, steel imports are much lower (note: besides iron ore cost, steel cost includes cost of coke, other raw materials, labour, capital, interest, etc. and is therefore not comparable). In any case, the steel industry is already creating an outflow of USD 14 bill of foreign exchange for import of coking coal and coke. More than 70% of the ore exported from India is of quality not used by Indian steel mills, 50% is waste for Indian steel mills; there is therefore no logic in conserving such ore. The price differential for iron ore between domestic and export is only due to Govt’s artificial tariff barriers for export with hidden intentions. India needs to implement the China model, where their ore is not exported only because domestic mills pay the market price and buy the ore before importing from distant sources with high freight. The applicable tax (VAT) in China is same for domestic sale, export or import of ore, giving a level policy framework. Thus, in India too, export duty increase should be only in conjunction with a similar level of duty on domestic sale, so that the Govt does not lost that revenue on domestic sale of ore and does not provide such a huge (unintentional?) subsidy (of Rs.20,000 crore) to pvt steel producers who price their finished product at market prices, and pocket the subsidy. Unfortunately, in India, officials are ready to sacrifice the country’s interest for petty gains at the behest of lobbyists.

]]>