INDIAN ECON, POLITICS, SOCIETY + BTC PRICE

[JSRAW]

Lutnick: "Modi didn't call"

Trump: He called me. "Can I meet you sir?"

Someone tell Trump's cronies that Santra was claming something else just two days ago , this is most dumb & unserious government that US has ever had..just hell bent on taking US-INDIA ties back to 70s

https://www.hindustantimes.com/india-news/modi-didnt-call-trump-aides-big-claim-on-why-india-us-trade-deal-fell-through-india-tariff-101767933453198.html

This is TRP regime, where everything is news byte and cheerleaders jumping all around and lawda lassan is keep going on about me, myself and i.

Damage is done already so It'd be good if we don't take him and his cheerleaders seriously. India should take all the challenges and hostility as " aapda mein avsar" and bring more reform.

[Bitcoin Smith]

If reports are to be believed then india added 200-250 billionaires since 2014 so i think system is working. Surely not perfect but it's doing its job alright.

Yes, that's correct but that's a nature of capitalism, isn't it?

I also searched, and the numbers could be arounf 200-350, so even if we assume that 300 billionaires are there now we need to take them with population ration which is 1 per 50 lak people that is probably the lowet of all the world because I can see China's ratio is 1 billionaire per 1.7 million that is 17 lakhs and I don't think we can compare India with any other nation for this matter.

We are producing but at the very lowest level and even the one who made it doesn't want to continue to exist here, they either move to Dubai or other tax heaven nations.

[JSRAW]

If reports are to be believed then india added 200-250 billionaires since 2014 so i think system is working. Surely not perfect but it's doing its job alright.

Yes, that's correct but that's a nature of capitalism, isn't it?

I also searched, and the numbers could be arounf 200-350, so even if we assume that 300 billionaires are there now we need to take them with population ration which is 1 per 50 lak people that is probably the lowet of all the world because I can see China's ratio is 1 billionaire per 1.7 million that is 17 lakhs and I don't think we can compare India with any other nation for this matter.

We are producing but at the very lowest level and even the one who made it doesn't want to continue to exist here, they either move to Dubai or other tax heaven nations.

Wealth distribution is a big one and should be an end goal alongwith many, we are still way down on per capita so ofc it'd look bad but at the same time trajectory is in uptrend and one can read data in different ways depending on their perspective, biases or just for the argument.

Once we touch the 7-8 trillion or 10 trillion in a decade or so, these numbers will improve but we'll still have the same debate because of wealth distribution, which should continue and rightly so but first priority should be getting rich as you can't afford to have first world problems with third world economy.

[Bitcoin Smith]

Wealth distribution is a big one and should be an end goal alongwith many, we are still way down on per capita so ofc it'd look bad but at the same time trajectory is in uptrend and one can read data in different ways depending on their perspective, biases or just for the argument.

Once we touch the 7-8 trillion or 10 trillion in a decade or so, these numbers will improve but we'll still have the same debate because of wealth distribution, which should continue and rightly so but first priority should be getting rich as you can't afford to have first world problems with third world economy.

I agree, we can't really expect us to be the US, but India doesn't need to learn and which way we should go because we have the perfect example in China, and we are not much different with them in any way and to be honest even better in education and English communication, so we can connect with the Western world faster than Chinese. They took around 40-50 years to reach that big bully status now but if India take the same route then it is possible in less than 20 years itself.

[vivekdhyani1]

Live Selfies, GPS Tracking: India Unveils New KYC Rules For Crypto Users

In an effort to eliminate illegal activity in the digital asset market, India's Financial Intelligence Unit (FIU) has unveiled stringent new Anti-Money Laundering (AML) and Know Your Customer (KYC) protocols for cryptocurrency exchanges, including mandatory liveness detection and geographical tracking during the onboarding process.

Under the new rules, users must take a "live selfie" using software that verifies their presence, typically through eye-blinking or head movement. The measure helps prevent the use of static photos or deepfakes.Exchanges must record the exact latitude and longitude, date, timestamp, and IP address from which a user starts creating an account.

https://www.ndtv.com/india-news/live-selfies-gps-tracking-india-unveils-new-kyc-rules-for-crypto-users-10667057

[Bitcoin Smith]

~

Not a big surprise because this is the standard verification in most of the crypto platforms but tracking the location is something new, any other country does that?

And it's funny to see that government think to make it a scene like this will prevent money laundering or black money entering into our economy, there are better and more organized channels available in our country and I guess every politician must be aware of that yet they just point their fingers towards bitcoin and crypto because it is easy to blame while the real one is different.

[vivekdhyani1]

France deal for 114 Rafale to India to be around Rs 3.25 lakh crore ,Indigenous content to be 30 % in Made in India aircraft
12-18 planes to arrive in fly away condition
No source codes to India but India would get to integrate its weapons with it
176 Rafales to be in India after this deal

https://www.aninews.in/news/national/general-news/defence-ministry-to-discuss-rs-325-lakh-crore-114-rafale-fighter-jet-deal-this-week20260113180501/

Jai ho import Lobby , France is literally running their R&D progaram on our money.This is 100% sure shot news since it's coming Ajit Dubey , will be signed next month when Macron gonna come to India.

someone sent Rajpal Yadav to PMO office so he can say "Maalik ab itna kharcha ho he gya hai to $1 billion kaveri engine ko bhe dai do"

[pawanjain]

Live Selfies, GPS Tracking: India Unveils New KYC Rules For Crypto Users

In an effort to eliminate illegal activity in the digital asset market, India's Financial Intelligence Unit (FIU) has unveiled stringent new Anti-Money Laundering (AML) and Know Your Customer (KYC) protocols for cryptocurrency exchanges, including mandatory liveness detection and geographical tracking during the onboarding process.

Under the new rules, users must take a "live selfie" using software that verifies their presence, typically through eye-blinking or head movement. The measure helps prevent the use of static photos or deepfakes.Exchanges must record the exact latitude and longitude, date, timestamp, and IP address from which a user starts creating an account.

https://www.ndtv.com/india-news/live-selfies-gps-tracking-india-unveils-new-kyc-rules-for-crypto-users-10667057

You should have created a separate topic for this post even though its fine to post it here as well.
We could have got another topic to discuss on, in the main indian board.

Talking about KYC, live selfie is an existing thing but adding geographical tracking to it is something new.
I don't think it will help in any way because anyone can use a VPN to mask his IP and then proceed with KYC.
So what's the point of adding a geographical tracking to it. It's better off without it.

[JSRAW]

France deal for 114 Rafale to India to be around Rs 3.25 lakh crore ,Indigenous content to be 30 % in Made in India aircraft
12-18 planes to arrive in fly away condition
No source codes to India but India would get to integrate its weapons with it
176 Rafales to be in India after this deal

https://www.aninews.in/news/national/general-news/defence-ministry-to-discuss-rs-325-lakh-crore-114-rafale-fighter-jet-deal-this-week20260113180501/

Jai ho import Lobby , France is literally running their R&D progaram on our money.This is 100% sure shot news since it's coming Ajit Dubey , will be signed next month when Macron gonna come to India.

someone sent Rajpal Yadav to PMO office so he can say "Maalik ab itna kharcha ho he gya hai to $1 billion kaveri engine ko bhe dai do"

Not just financing french r&d but israel as well.

Nervasa gaye hai jab se yeh news padi hai. We are not serious nation.. lorra lahsun IIT and IT giants, karte raho om babusay namah, om servicay namah..I am coping and daydreaming that this deal includes safron-drdo 120 kn jet engine.

[vivekdhyani1]

You should have created a separate topic for this post even though its fine to post it here as well.
We could have got another topic to discuss on, in the main indian board.

Talking about KYC, live selfie is an existing thing but adding geographical tracking to it is something new.
I don't think it will help in any way because anyone can use a VPN to mask his IP and then proceed with KYC.
So what's the point of adding a geographical tracking to it. It's better off without it.

will do a seprate post for these type of news going forward  

who know what goes around in the head of the people that come up with these rules !!

Not just financing french r&d but israel as well.

Nervasa gaye hai jab se yeh news padi hai. We are not serious nation.. lorra lahsun IIT and IT giants, karte raho om babusay namah, om servicay namah..I am coping and daydreaming that this deal includes safron-drdo 120 kn jet engine.

nope , we giving out another $10 billion for saffron engine deal , defense indian twitter last night se meltdown mai hai ...people even want Pappu to do a protest & make false allegation so deal can't be signed  

Some other details :

35 Indian Rafale to be upgraded from F3R standard to F4 standard (Yes, means one was lost during OP sindoor) .
2) 90 F4 #Rafale to be MakeInIndia .
3) 24 F5 #Rafale to be Made in France .
4) Future upgrade of the 90 F4 jets to F5 under discussions.

[JSRAW]

[

Not just financing french r&d but israel as well.

Nervasa gaye hai jab se yeh news padi hai. We are not serious nation.. lorra lahsun IIT and IT giants, karte raho om babusay namah, om servicay namah..I am coping and daydreaming that this deal includes safron-drdo 120 kn jet engine.

nope , we giving out another $10 billion for saffron engine deal , defense indian twitter last night se meltdown mai hai ...people even want Pappu to do a protest & make false allegation so deal can't be signed  

Some other details :

35 Indian Rafale to be upgraded from F3R standard to F4 standard (Yes, means one was lost during OP sindoor) .
2) 90 F4 #Rafale to be MakeInIndia .
3) 24 F5 #Rafale to be Made in France .
4) Future upgrade of the 90 F4 jets to F5 under discussions.

Haan, isliye 4-5 din se kuch check hi nahi kar raha defence se related, bekaar mein faltu ka depression ho jana hai aur khoon jalega woh alag.

Made in India is churan, 20-30% low value desi components aur baki assembly karenge bas. Desi radar ko fit karne ka toh negotiate kar nahi paye sare chomu, aise karenge yeh make in India karenge.

Weapons integration ke naam pe french ne sahi chuna lagana hai agle 20 saal tak.

[vivekdhyani1]

^^ Defense mai to chuna lag raha hai but atleast trade front pe some relief aati dikh rahi !

Von der Leyen and European Council President Antonio Costa are scheduled to travel to India on January 27 to formally sign the deal with Prime Minister Narendra Modi , it's good to see how we softning the blow of no trade deal with US , by signing bunch of trade deal with other countries , we signed one with NZ few days ago that also didn't included our red line dairy sector & now this without agriculture sector.

https://www.indiatoday.in/world/story/eu-eyes-historic-india-trade-pact-without-agriculture-as-leaders-meet-in-new-delhi-2852131-2026-01-15

[JSRAW]

^^ agar yeh thoda bahut paisa (3-5$ billion ) r&d ke liye side kar dete toh itni problem nahi hoti ish defence deal se. CCS ke table par kaveri, ghatak/UCAV ki files kab se pending padi huyi hai, pata nahi wahan inka dhyan kyn nhi jata.

These defence deals looks like a jijya tax to get trade deal along with other geopolitics mental gymnastic lol. Still, FTAs are always good.
Main wait kar raha hun uk wali fta ke start hone ka, gym equipment mangwane hai.

[Maestrobigbrock777]

I get that pent-up, bitter sarcasm — when everything around you is just noise, posturing, and empty promises, it honestly makes your hands drop. The economy is stalling, there’s barely any serious talk about the future, but plenty of political theatre.
I really want to believe we won’t completely screw up this chance and slide back into a pure “everyone for themselves” mode.