Vinayak Profile picture
Jan 30, 2018 7 tweets 4 min read Twitter logo Read on Twitter
For a $2.4 trillion economy, our infrastructure is pathetic, whether it be rail, road or air connectivity. To improve this situation, the Modi government has initiated some much-needed and some incredible infra projects. Here's a thread enumerating those! 🚄
* The government has allotted Rs 3,400 crore for airports in the North East.
* The Chenab Railway Bridge will be the world's highest. The total length of the bridge will be 1,315 metres. It'll withstand wind speeds of 260 kmph; quakes up to 8 in magnitude and high-intensity blasts; and its life span will be 120 years.
*  A whopping Rs 5,35,000 crore have been allocated for the Bharatmala Project aimed at boosting road connectivity in the country. This will naturally create many jobs and improve logistics.
🔸Earlier, the target to compete linking of all villages with roads was set at 2022; now its been advanced to 2019.
🔹The deadline for the completion of the bullet train was set for August 15, 2023; it has now been advanced to 2022. Another example of how work is done by the Narendra Modi government!
🔸The government will spend up to $12 billion in upgrading the signalling system on its entire rail network of 60,000 km over the next six years to the contemporary European Train Control System (or ETCS).

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More from @vinayak_jain

Jul 11, 2018
Went to a SBI Mutual Fund seminar yesterday. They talked of two of their funds — equity hybrid fund and a blue chip fund. The hybrid fund had 50% in large caps and 50% in mid/small cap stocks (and maybe a max of 10% in cash/debt) while the blue chip fund is all large caps.
A very simple understanding of the two in comparative terms —
1) Equity hybrid fund — More risk and expected return due to the 50% in mid and small caps; apt for investors who have tolerance and ability for greater risk
2) Blue chip fund — Less risk thus considered safer
Pic 1: Blue chip fund
Pic 2: Equity hybrid fund

Basic understanding —
Standard deviation: Measure of volatility
Sharpe ratio: Simply the return earned per unit of risk; more the better
Beta: Volatility of stock in comparison to market movement; 1 means stock moves with market
Read 8 tweets
Mar 21, 2018
"A prime minister with a golden heart" 😃

A government that listens. Felt like a myth, right? But now, not only does the government listen, but even ACTS. Here are a few incidents when the PMO directly intervened to help the common man, at times even saving lives.

🔹An 8-day-old girl was suffering from a grave medical condition. PM Modi ensured a traffic-free passage for the rescue team who air lifted the child to a hospital. The child was saved.
"He is our God today," said the child's father for PM Modi.
🔸Vaishali Yadav, a class 2 student, needed surgery for a hole in her heart, but her parents couldn't afford it. She wrote to PM Modi and the response was immediate. Her operation was funded by the PMO.
Below is a heartwarming picture of PM Modi with Vaishali.
Read 14 tweets
Mar 18, 2018
"Rahul acknowledges that China is the competition" — How cute!
Truth is, the real reason why India so desperately lags behind China is your family.
I'm sure people like you aren't used to facts because you're fed a load of crap, but are some exposing the family.
🔹When India was ahead of China in terms of real GDP per capita (real GDP is one that's adjusted for inflation/deflation) —
* During 1970-1980, India's was $658 while China's was $402 (64% more).
* During 1980-1990, India's was $922 whereas China's was $698 (still 32% more).
🔹Today —
* China's nominal GDP is 4.9 times India's.
* China's GDP on PPP basis is 2.44 times India's.
* China's nominal GDP/capita is 4.64 times India's.
* China's GDP on PPP/capita is 2.31 times India's.
Read 15 tweets
Mar 10, 2018
Prime Minister Modi said he'll do in 5 years what wasn't done in 60 years. One of his transformative steps has been to electrify villages/towns.
This thread enumerates the tale of thirteen villages which've seen the sun shine on their fortunes in the true sense.
Place — Elephanta Island
State — Maharashtra
Population — About 1,200
A 7.5 km long undersea cable brought electricity to three villages — Raj Bander, Mora Bander, and Shet Bander.
Village — Batambis
State — Jammu and Kashmir
Population — Around 600
Electrification has become possible with the use of latest cutting-edge technology of DC solar microgrids.
Read 15 tweets
Feb 16, 2018
There's a lot of distortion of facts. To add to this many say they'll 'teach' Narendra Modi a lesson in 2019.
With this thread, I attempt to both show the incredible work he's done and also why he's going to win 2019 as a result of unprecedented support from the poor.
🔸Jan Dhan Yojana —
Beneficiaries — 31 crore.
Amount deposited — Rs 73,558 crore.
Impact — Opening of accounts has enabled the poor to become a part of the financial system and with Aadhar attached they're getting subsidies directly from the government in their accounts.
🔹Mudra Yojana —
Beneficiaries — 10.38 crore
Amount disbursed — Rs 4.62 lakh crore
First time loan recipients — 3 crore
Goal for this year — Disburse Rs 3 lakh crore which means another 6.5 crore people can benefit.
Impact — Creating employers instead of just employees.
Read 24 tweets
Feb 8, 2018
* The Modi government has asked builders not to charge any GST from home buyers as the effective GST rate on almost all affordable housing project is 8 per cent which can be adjusted against the input credit. 
* Digital transactions rose 4.73% to 1.11 billion in January from 1.06 billion in December. The transactions were worth about Rs 131.95 trillion.
* Cabinet clears PM Research Fellowships (PMRF) for students of higher education institutions. The PMRF includes monthly scholarships of Rs 70,000 to Rs 80,000 and annual research grants of Rs 2 lakh for select scholars.
Read 20 tweets

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