Nifty is expected for a big gap opening.Due to Growth in Bank Credit and Indian Forex reserves in the fortnight,I expect a positive session especially in bank NIfty and Banking stocks.Having said that, generally a session with such a big gap opening don't sustain for the day. Nifty and bank nifty might go down in price and seeing the positive mommetum(accompanied by technical levels) ,we might see huge buying at lower levels.

Nifty is expected for a big gap opening.Due to Growth in Bank Credit and Indian Forex reserves in the fortnight,I expect a positive session especially in bank NIfty and Banking stocks.Having said that, generally a session with such a big gap opening don't sustain for the day. Nifty and bank nifty might go down in price and seeing the positive mommetum(accompanied by technical levels) ,we might see huge buying at lower levels.

India's Forex Reserves is now at its highest point, since Independence. Pic source- Shutterstock, goodreturn, business standard. Data source: the indian express
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As PTI comes onto two years, I felt like making this post on account of seeing multiple people supporting PML-N for having an allegedly better economy for Pakistan, particularly with allegations present that PTI has done nothing for the economy. So here's a short list of some major achievements done by PTI in contrast to PML-N.

• Stopping Pakistan from defaulting: The move to devalue the rupee was one done despite knowing the backlash that would be faced. Under Nawaz Sharif the rupee was artificially overvalued through loans and forex reserves, this meant Pakistan had no sustainable way for repaying those massive loans. Imran Khan on the other hand had to approach the IMF due to these overlaying maturing debts, lack of growth in exports under PMLN, decline in Foreign Direct Investment and an ever higher import bill. This was done at the cost of letting the rupee massively devalue against the dollar, however paved the path for economic stability as noted by the IMF.
• Renewed focus on taxation: Easily the most controversial facet of the economic policy by PTI, but one that has shown merit and results. Overall, there has been a 40% increase in returns filers and a 17% revenue increase. This coupled with a massive austerity scheme, meant that the government has started an incline towards increasing it's revenues. While this hasn't been met with open arms, it presents a solution to the everpresent crisis that the Pakistan government has faced, in it's inability to increase it's revenues. Not only that, but the general taxation system was streamlined, making it easier for individuals to file taxes. Introductions of new apps and consolidating activities for the FBR were among the efforts as well. Moreover, businesses that were entitled to tax refunds are finally being granted them, under PMLN they were held onto so as to inflate collection numbers, however under PTI that has changed and it's not inflated. It is worth noting, that because of the covid-19 pandemic, the effect of the austerity schemes and feasibility have seriously dampened, and it's created a bigger problem for increasing revenue collection.
  • However it is one that can be solved. The government succeeded, quite commendably, in revising the tax collection revenue which had been set unrealistically high by the IMF. What can also be recognised, were the 60% cuts in the Presidential house. Alongside a 58% decrease in Presidential secretariat for allowances for officers and staff, not to forget the decision to not increase government salaries for this fiscal year nor introduce new taxes. A bold but needed decision.
• The account deficit: Arguably one of the biggest examples of progress has been in the reduction of the account deficit. Under PML-N the account deficit had carried forward, and increased to nearly $5 billion, but shrunk massively once PTI came into power. A total decrease of nearly 78% from the previous fiscal year. The lowest recorded from the previous 5 years. Even when looked at from the perspective of the account deficit in percentage of GDP; the general trend has been improving under PTI. Under PMLN the total account deficit as a % of GDP had grown to -5.4%, however under PTI it has shrunk to -1.1% of GDP in FY2020 and was -3.4% in 2019.
  • It is worth noting, that some may criticise the overall decrease in the account deficit to be a result of the decrease in imports, and the increase in worker remittances, however this was indeed a result of the overall economic impact from the covid-19 pandemic. And that general trends support the notion of exports increasing and the account deficit decreasing in the second quarter of 2019.
• Revitalisation of exports & balance of trade: The shift in policies towards increasing exports has been among the most vital, the growing negative balance of trade under PML-N finally stabilised under PTI. Although the recent spikes can be attributed to the global drop in imports because of covid-19, and the overall curtailing of imported goods. The export rates in Pakistan have shown a massive growth as well; going from negative growth to spontaneous positive growth. Nearly doubling in total export value, going from -5% growth in 2015 to +10% growth in 2019. Which are massive, and much-needed improvements. World bank data shows the rapid decline of Pakistani exports which occurred, as a % of GDP, which went from 13% in 2013 when PML-N came into power, to 8% in 2017 — a near 40% decrease in total exports from 2013-2017. To which we now once again notice the growth where the exports as % of GDP have increased to 10% in 2019 from 8% in 2017; recording an overall positive growth of 10%. These things all in all prove the export based benefits PTI has managed to bring in it's tenure, which sadly have seen a halt due to the effects of covid-19, yet the situation remains hopeful in the recovery. Especially given Pakistan is recording a trade surplus with Italy and other such examples.
• Ease of Business: One thing that cannot be sidelined is the massive improval in the ease of business. While under PMLN, Pakistan massively decreased in it's EoB Iease of business) ranking, going from 110 to 136 to so on. Once Imran Khan came into power, Pakistan climbed the Ease of Business ranking, with a massive improvement of upto 28 spots. A huge increase over PMLN, where it had fallen by a total of 36 positions. For perspective. Currently Pakistan stands at 108th, as a result of easing tax collection, reducing corporate tax, introducing online one-stop shops which made the process of starting businesses considerably easier, and the overall ease in paying taxes through online processes.
• Tourism: The reforms and measures taken to facilitate tourism in Pakistan were evidently among the most successful — Pakistan went from being sidelined to being amongst the worlds top destinations to visit. There were multiple reasons for this, the removal of the mandatory NOC, the initiative for online visas for upto 175 countries alongside visa-on-arrival for 50 countries were among the facilitating measures taken for tourism.
• Foreign Direct Investment: What can be appreciated is the general reception of Pakistan's economic outlook, where FDI climbed by upto 137% within this fiscal year, gathering upto nearly $2.1 billion. Yet, once again — the pandemic will undoubtedly cause most countries to rethink their economic policies for now, and the overall FDI might see a downward trend with regards to global decrease in FDI. Despite, the increases in FDI are welcomed, especially considering total foreign investment rose 380 percent to $2.375 billion in July-March FY2020. Yet the sustainability of this remains to be seen.
• Dealing with covid: Despite all odds, Pakistan has somehow managed to deal well with the pandemic. Coming out relatively alright, in perspective of countries such as India, Mexico, Italy, Brazil etc. The factor that plays out, is that despite being incredibly vulnerable, the country managed to pull through and has markedly reduced the impact of the virus. With regards to the economy, taking a bold risk of abating a complete lockdown, whilst met with criticism was once again a factor that showed competency. Keeping in mind that 51 million Pakistanis lived below the poverty line, and the adverse effect it would have on the economy. Pakistan managed to come through the economic contraction with only a -0.38% growth. Although the full effects are still not abated or understood, what's commendable is the fact that Pakistan under PTI has kept itself from an even worse situation. Whilst managing to keep covid under relative control. Especially given increases in exports despite the pandemic in countries such as Qatar, Saudi Arabia, and Italy.

This is by no means a highly comprehensive list, just my opinion on some of the bigger achievements; saving the economy from defaulting, adopting tax reforms, tourism reforms, export reforms among them whilst managing covid and economic stability with relative success.
There are of course a multitude of other factors, successfully avoiding a blacklist from the FATF, macroeconomic reforms, attempts to strengthen the working class; ehsaas programs, Naya Pakistan housing schemes alongside other relief efforts. These are measures in accordance with curtailing the effect of increasing taxation and attempts to abate the economic slowdown that came as a result of forcing an increase in government revenue. Alongside the focus on multiple new hydroelectric dams, industrial cities, reduction of the PM office staff from 552 to 298, 10 billion tree project and an overall renewed interest in renewable energy and green Pakistan. The list is comprehensive.
Pakistan remains on a rocky path, it is not out of the woods yet. Covid-19 has seriously hampered the overall projections, and caused a worldwide economic contraction. Not only that, but there are criticisms that can be attributed to the government as well, as they are not without fault. However, the overall achievements of the government with regards to the economy do present hope for the long-term fiscal policy and development of Pakistan.

I grew up in a typical conservative middle-class household in the 90s. Like most conservative families, I grew up hearing about how horrible Sheikh Mujib became after 71, and how people were so relieved after he was murdered in 1975. This is something I heard from everyone, relatives, friends, etc. I, too, used to hate Sheikh Mujib. I thought he was a dictator, pro-India, anti-Islam, traitor, just wanted to be Pakistan's PM, etc.
Of course, I was a teenager in the 2001-2006 period when the BNP-Jamat government rammed the entire country into the ground. There were hartals and oborodhs all the time, electricity used to go off every other hour, terrorist would blast a bomb every other week while the government would term it all as a "conspiracy", there was no development and we would stagger from one crisis to another. Mullahs would carry out misils all the time calling for Shariah law, and attacking Ahmadiyya houses. Khaleda Zia had zero control over the country. She just didn't have any leadership qualities. I felt that I wanted to leave this shithole as soon as I got the first opportunity.
The BNP regime was interrupted by the caretaker government. Full of "highly educated" bureaucrats, I naturally supported them. But their "Minus 2" plan went nowhere, and they weren't being able to handle the country either. Fakhruddin Ahmed and Moinuddin Ahmed just didn't' have any leadership qualities either. Facing an unfavourable situation, they at least had the decency to organize elections and arrange a respectable exit for themselves.
Then we the Awami League get power in 2008. I still hated them back then. Their first term, 2009-2013 was full of turmoil, with the "Shahbag movement" and the "ICT Tribunal" and the hanging of the senior Jamat leaders. But the country gradually started getting into shape. If you look at the economic indicators we started taking off in 2010. By 2014 political stability was re-established. This was all possible due to Sheikh Hasina's leadership qualities, which others lack. The Awami League's electricity reforms paid off, and loadshedding is largely over in Dhaka. Awami League drastically reduced prices of broadband internet, and we got access to bufferless YouTube for the first time. BNP was jumping up and down screaming that government was looting crores of taka under the name of quick rental power plants. But our forex reserves zoomed from 10 billion to 30 billion. New roads were being built everywhere and Bangladesh's Debt-to-GDP ratio remains one of the lowest in South Asia, and in the world.
So I was really forced to re-evaluate my hatred of Awami League, Sheik Hasina and Sheikh Mujib. When I looked back at the life of Sheikh Mujib, I found that he dedicated his life to the people of East Bengal. He was a part of the Muslim League to get independence for us, and after witnessing the bloody religious riots changed his worldview to secular democratic socialism. That's something very admirable! That's not anti-Islam at all! And then he joined forces with India to free East Pakistan. That's not treason, his loyalty was to the people of East Pakistan. He single-handedly united 60 million very backward and uneducated people and led them to independence. After that, he presided over the creation of a Constitution that was secular, in a overwhelmingly rural, uneducated Muslim country. He could easily have given in to Saudi Arabia in return for oil, like so many Muslim countries, but did not compromise. He could have chosen to recognize Israel, and have gotten instant recognition and support from the West, but stayed firm to his principles of loyalty to the Palestinian people. All of his actions point towards the qualities of a great leader. Sheikh Mujib did not allow the Indians to stay in Bangladesh and ensured their withdrawal.
Just have a look at countries around the world today. Look at Syria, where they have a bastard dictator who murders his own people, and an opposition full of traitors and terrorists. Look at Libya, where the people have no leadership. Look at India, where they are under the thrall of a fascist religious dictator Modi. Sudan is only establishing secularism in their constitution in 2020, while Bangladesh did it 50 years ago!!! Look at Iran, where people are all trying to escape their religious government. Look at Pakistan with their blasphemy laws and their mullahs trying to oppose any law against child marriage! We bypassed all of this thanks to Sheikh Mujib and his foresight!!!
The closest leader who resembles Sheikh Mujib would be Mustafa Kemal Ataturk. While Ataturk was objectively greater than Sheikh Mujib, since he was an accomplished military leader who led the actual Turkish War of Independence himself, Ataturk also modernized a backward, rural, uneducated nation overnight into a modern, secular and democratic state. Of course, Ataturk has many haters. They also accuse him of being a dictator. But his achievements greatly overshadow any sacrifices that may have been required to achieve the goal of a modern independent Turkey. The same goes for Shiekh Mujib. Whatever are his faults, Rakkhi Bahini, BAKSAL, I am willing to forgive him for his leadership during our independence and his creation of a secular and democratic Bangladesh.
Today we are blessed to have his daughter Sheikh Hasina in power. Lots of you might call her "fascist". That's such a lazy and pathetic position to take. Trust me, if there was any other leader other than SH as PM the government would be just as "fascist" as her government is now. Its so easy to sit back behind a PC and cry "fascist fascist fascist". YOU try organizing a political party in a nation of 165 million people, and then successfully leading that country on the path towards economic development. Without a doubt, if those crying 'fascist fascist' were put into power as PM they would be 100 times more fascistic than Sheikh Hasina is right now.
Without a doubt, human rights abuses occur under her. Abrar was beaten to death by BCL thugs (which was fully supported by the 'humanist' Taslima Nasrin btw). But those BCL thugs are in jail now. Major Sinha Rashed Khan was murdered by OC Liakat and Prodip. Both of them are in jail. If SH was as fascist as people claim, they would be out in the streets, like the Hindu thugs who carried out the Delhi riots in February, or the terrorist Mullahs in Pakistan who forcibly convert and kidnap Christian girls.
So, from what I have seen, Awami League is an organic political party of the people of East Bengal. They have deeper roots in the hearts of the people than any other political movement. And they should be lauded because they have established secularism and inclusive nationalism where there is space for Bangladeshis of all religions and ethnicities in a united Bangladesh. While sometimes they have acted in a fascist manner, it is excusable because there is no other alternative in Bangladesh who can win elections and be more liberal than BAL. Instead of pathetically criticizing them, those who want the best for Bangladesh should work with them in order to reduce the human rights abuses which do still occur. BAL will be remembered in history like the PAP of Singapore, or the UMNO of Malaysia, or the Chinese Communist Party; all of whom were authoritarian, who were accused of being fascist, but ultimately ensured the evolution of their societies from backward uneducated agricultural societies to modern, secular democratic industrial ones.

Indian Equity Summary-
· Sensex ended higher by 1.2 percent as the bullish trend persisted for the fifth consecutive week in the domestic equity market ,on the back ofØ positive global cues and optimism over the development of Covid-19 vaccine .The focus is now turning to Q1FY21 earning season and more importantly for guidance and viewpoints of management.
· Going forward, global factors like development on the US -China relationship front , any resurgence of Covid-19 cases globally, as economiesØ have started opening up ; will continue to dictate the trend of the domestic equity market. We expect the trading range for Nifty between 10800-11200 in the near term.
Indian Debt Market-
· The bond prices fell as the yield on the latest 10-year benchmark 5.79% 2030 paper settled at 5.80% on Jul 17 compared with 5.76% on Jul 10.Ø
· Reserve Bank of India announces the auction of three Government of India 91day, 182 day and 364 day Treasury Bills for an aggregate amount ofØ ₹35,000, to be conducted on 22nd July 2020.
· State Governments announced to sell securities by way of an auction to be conducted on 21th July 2020, for an aggregate face value of ₹ 9,000 Cr.Ø
· We expect that RBI will be in wait and watch mood before taking any major decision of rate cut on the back of recent inflation print.Ø
· We expect the 10 year benchmark yield to trade between 5.80-6.05% in near term.Ø
Domestic News
· India’s retail trade has suffered a business loss of about Rs 15.5 lakh crore in past 100 days due to the COVID-19 pandemic as per theØ Confederation of All India Traders (CAIT).
· The Foreign Direct Investment (FDI) from the US to India has crossed the $40 billion mark as on year to date, reflecting the growing confidence ofØ American companies in the country.
· Forex reserves rose by $3.1 billion on a WoW basis to hit a record high of $516.36 billion for the week ended July 10, according to Reserve BankØ of India (RBI).
· According to the latest data released by the Ministry of StatisticsØ & Programme Implementation (MoSPI), India’s retail inflation(CPI) grew to 6.09% in the month of June as against the prior released figure of 5.84 in April for the month of March.
International News
· Hong Kong's April-June unemployment rises to 6.2%, being the highest in over 15 years.Ø
· Japan’s exports plunged 26.2% in June while Imports fell by 14.4% in June on a year on year basis , as per the data released byØ Ministry of Finance (MOF).
· Foreign direct investment (FDI) into China fell 1.3% in the first half of this year from a year earlier to 472.18 billion yuan ($67.47Ø billion)as per China’s commerce ministry.
· Gross domestic product (GDP) of China rose to 3.2% in the second-quarter from a year earlier as per the National Bureau ofØ Statistics, faster than the 2.5% forecast by analysts in a Reuters poll, with the easing of lockdown measures and ramping up of stimulus by policymakers to combat the virus-led downturn.
· US GDP is expected to contract by an annualised rate of 37% in the Q2 2020 and by 6.6%for 2020 as a whole as per theØ International Monetary Fund (IMF) staff.
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1. Fragile five to Fastest growing economy - India
2. 11th largest to the 5th largest economy - India
3. Share of world GDP from 2.43% in 2014 to 3.08% in 2018
4. Average GDP 7.3% against 6.7% in previous regime
5. Forex reserves from 300 bn USD in 2014 to 420 bn USD in 2018
6. Doubling of FDI inflow from 36 bn USD in 2014 to 66 billion USD in 2018
7. Inflation less than 2.3 % (Nov 18) against 10.1% in 2014
8. Growth of sensex from 24,121.74 in 2014 to 36,395.03 on 12 Feb 19 (50.88%)
9. Fiscal deficit under control
10. Per capita income increased by 45% from Rs 86,647 in 2014 to Rs 1,25,397
11. IT exemption from 2 lakh in 2014 to 5 lakh (effectively 9.85 lakh with home loan)
12. Restaurant bills tax reduced from 18% in 2014 to 5%
13. Transaction charges through card down from 1% to 0%, domestic money transfer fee down from Rs 5 in 2014 to zero
14. Financial inclusion (32 crore bank accounts with 260 billion worth deposits). Almost 100% coverage from earlier 50%
15. DBT (savings of 83000 crores @ 15000 crore annually), No of govt schemes DBT applied to increased from 34 in 2014 to 433, 2.7 lakh fake mid-day meal students, 3.3 crore fake LPG connections, 87 lakh fake MNREGA job cards, 3 crore fake ration cards eliminated
16. Zero IT for businesses with turnover upto 60 lakhs
17. GST exemplifying cooperative federalism, rates of 83 items down from pre-GST rates, out of 1211 items only 35 items in above 18% slab, 39% reduction of cost of basic household items. Average 1 lk crore monthly revenue through GST collection. Exempted for business upto 40 lk
18. Insolvency and Bankruptcy Code, constitution of NCLT, 3 lakh crores of NPAs recovered, 66 cases resolved, 260 cases liquidated, resolution of stressed assets, 2100 companies pay back 83000 crore to banks settling their pending loan repayments
19. 75 billion $ or Yen to Rupee exchange agreement with Japan
20. 1 lakh shell companies deregistered, FCRA licenses of 4800 NGOs cancelled
21. Fugitive Economic Offenders Bill, properties of economic fugitives seized and auctioned
22. 1.9 lakh km of rural roads. Rural road connectivity at 91% from 55%
23. 36 new airports, from 65 in 7 decades to 106, all states now in air connectivity map
24. Effective international diplomacy following 59 visits to nations, 38 single, 10 double, 3 triple and 2 quadruple visits by PM.(Seen during Airstrikes,No Country opposed India)
25. Benami Act for action against Money Laundering
26. Rural sanitation coverage 95 % up from 39% (8.8 crore toilets)
27. Solar energy capacity increased 8 fold from 2.63 GW to 22 GW, 19. 8.5 GW of biogas grid installed.
28. Ganga waterway transportation, usage by shipping giant Maersk, cost of transportation reduced from 10/ton (road) / Rs 6/ton (rail) to Re 1/ton
29. More than 2.4 crore households lit up, rural electricity coverage to households up from 70 to 95%, only 19836 homes remain (in Chhatisgarh) out of 2,48,09,235
30. Electricity accessibility rank jump from 99 in 2014 to 26 in 2019
31. 7 crore new gas connections to 3.5 crore households u/69000 conections per day, coverage 90% from 55%, 82% return for refill, 42% beneficiaries Dalits
32. 14.4 crore mudra loans worth Rs 7 lakh crore disbursed
33. 18000 remote villages connected with electricity
34. 2.92 lakh km of optical fibre laid, 0.02% to 50% gram Panchayat connectivity
35. Swachh bharat mission has saved, according to WHO, 3 lakh lives and will save 1.5 lakh lives per year.
36. IT filers increase from 3.79 crore to 6.08 crore, enterprises registered for indirect tax up from 64 lk to 118 lakh
37. Entry of India in global regimes Missile Technology Control regime (MTCR), WA (Wassenaar Arrangement) and Australia Group
38. 17 crore soil health cards
39. 1.5 crore houses built, 91.37 crore in rural areas and 13.5 lakh in urban areas against 25 lakh houses built between 2010-2014. House for all target year is 2022.
40. 1,78,346 houses built in NE over existing 2875 houses built till 2014
41. Home loan interest rate down from 10.3 % in 2014 to 8.4% in 2018, annual savings of Rs 47,160 for 30 lakhs over 30 years, no GST on affordable housing, 5% on remaining
42. Trading agreement in rupee with Iran and UAE
43. Common service centres up from 84k to 3 Lakh
44. OROP implemented after 43 years, 35000 crores disbursed to 8 crore veterans
45. India's vaccination programme Indradhanush amongst 12 best practices of world
46. 5035 Jan Aushadhi and - 1054 medicines under price control (60-90% discounts).
47. More than 150 Amrit stores, reduction of cost of cromium cobalt Knee implant from 1.58-2.5 lakh to 54,720 and high flex implant from Rs181728 to 56490 (69%), 85% reduction in cardiac stent price to Rs 28000
48. 87% reduction in 400 cancer drugs
49. Rate of Interest on higher education loans dropped from 14.75 in 2013 to 10.88% in 2019, savings of 1.18 lakh on 10 lakh loan over tenure of 60 months, Rs 2000 savings on EMI
50. Data revolution: Cost of 1 GB $0.26 in India against $12.37 in US, $6.66 in UK and $75.2 in Zimbabwe. Unlimited mobile+ 45 Gb data = Rs 150 against Rs 1000 in 2013; annual savings of 10,200
51. Katra rail line work completed after 16 years
52. Dhola Sadiya bridge work completed after 16 years
53. Sardar Sarovar Dam work completed after 15 years
54. Aadhaar act
55. Pakyong airport completed after 10 years
56. Chennai Nashri Tunnel after 10 years
57. Assam NRC after 40 years
58. National War Memorial after 50 years
59. NE cpas after 60 years
60. Kollam bypass after 43 years
61. Indo-Bangladesh enclaves after 42 years
62. Bansagar canal project after 40 years
63. Bogibeel bridge after 23 years
64. Western peri expressway after 15 years
65. Kota Chambal bridge after 11 years
66. Maibang-Lumding Stretch completed
67. Delhi Meerut Expressway completed
68. Ganga Expressway project (world's longest) underway
69. Metros in Ahmedabad, Nagpur, Jaipur, Lucknow, Washermenpet
70. All umanned level crossings eliminated
71. Ayushman Bharat: annual 5 lakh health care to every family, 15.05 lakh hospital admissions for secondary/ tertiary treatment, 2.4 crore e-cards generated as on 10 Mar 19 in 170 days. Target 50 crore people.
72. 59minutes loan portal: 92,000 loan applications of MSME amounting to 30,000 crores approved, 6000 crores sanctioned till Nov 18
73. 87% of farming house (owning land of 2 hctrs) or 12 cr ppl to get kisaan sammaan nidhi of Rs 6000 pr year. Rs 5215 cr transferred directly to 2.6 crore farmers in 37 days (for households with holding less than 0.01 hectares incm per month so far was Rs 8136 agnst exp of 6594
74. 1.5 million electric rickshaws
75. Procurement of 36 Rafale on Government to Government Basis avoiding middlemen
76. 05 billion$ S 400 Triumf air defence missile system deal with Russia
77. 145 M777 howitzer deal
78. 22 Apache AH 64E multi-role combat helos
79. 200 KA-226T helicopters
80. 56 EADS CASA C-295 transport aircraft
81. 15 CH 47 Chinook tactical transport helicopters
82. 2.3 lakh Bullet proof jackets
83. 1.6 lakh Bullet-proof helmets
84. 777 mn USD Barak 8 LRSAM contract
85. 5 bn USD S-400 air defence systems
86. 10 Heron TP armed drones
87. 4 additional P8I MR aircraft
88. 40 units of Laser sensor border fence installed
89. 72,400 Sig Sauer Assault rifles
90. 100 self-propelled K9 Vajra howitzers
91. 700000 AK-103 Kalashnikov assault rifles indigenous facility
92. Surgical strikes in Myanmar, across LoC and in Pakistan. Only Country to bomb a Nuclear Powered Country
93. 240 million visitors at Kumbh Mela 2019, cost 4236 crores @ Rs 177 per tourist, revenue 1.2 Lakh crores
94. 833 teraflop supercomputer Param Shivay by IIT BHU at Rs 32.5 crores
95. Divisional status to Ladakh
96. 470 bed ESIC hospital in Ennore
97. 100 bed ESIC hospital in Tiruppur
98. Namami Gange - Ganga is 30% cleaner, 83 out of 97 ganga towns and 4456 villages achieved ODF status, 08 out of 16 drains emptying 16 crore l sewage into Ganga tapped. Target date Mar 2020
99. 5,45,122 ODF villages, 598 ODF districts, 27 ODF states/ villages
100. RERA implementation
101. Udaan scheme - flight cost down from Rs 5000/1000 km in 2013 to 3400/1000 km in 2018, 34 airports operationalised, small towns connected, all states on aerial
102. Preventive conservation of 39275570 folios, curative conservation of 3656863 filios, digitisation of 2.83 lakh manuscripts consisting of 2.93 crore pages
103. India is now world's largest 2-wheeler manufacturer, 2nd largest smartphone manufacturer (94% of mobiles sold now made in India), 4th largest automaker, 2nd largest steel producer
104. 5100 m Mandvi Bridge in Goa in 3.5 years
105. Ease of doing Business ranking jump from 134 in 2014 to 77 in 2019
106. Therubali - Singapur Bridge No 588
107. Restoration of Asurgarh Fort, Kalahandi
108. GeM portal with 731431 product categories, 180,862 registered sellers and 32114 govt buyers
109. 10% EWS reservation
110. 40% of ongoing 700 NH projects completed, adding 40,039 km between 2014-18 against 91,287 km between 1947-2014
111. Highway construction rate jumped from 12 km/day in 2014 to 27 km/day in 2019
112. 101 terrorists and 11 offenders extradited
113. 90,000 ex-partite Indians evacuated
114. Chabahar port, Sittwe port and Duqm port
115. Military installation in Seychelles
116. International logistics agreements with US, France and Singapore
117. Work underway on 25 MLD ZLD Common Effluent Treatment Plant at Gujarat Eco Textile Park and will save 25 million litres of water per day
118. Beautification of 65 railway stations, all stations fitted with LED lights, wi-fi, multi-brand food centres, kiosks, executive lounges, lifts (445 from 97 in 2014), escalators (603 from 199 in 2014), travellators and ramps
119. Record number of foot over bridges built
120. 871 new train services
121. 180 new rail lines
122. Dedicated railway freight corridor - 2 sections completed
123. 100% electrification of railways underway, first solar powered railway station (Guwahati). First solar powered train (world's second), savings of Rs 40 Lakhs and 90,000 ltrs diesel per year
124. Make in India semi-high-speed trains - Tejas, Gatiman and Vande Bharat
125. Humsafar and Antodaya trains, Deen Dayalu and Anubhuti coaches, UDAY double decker, glass dome Vistadome coaches
126. Project Swarn and Project Utkrisht to upgrade Rajdhani/Shatabdi and Mail/Express respectively
127. Largest coach production in world at ICF, Chennai
128. No more human extreta on railway tracks. Installation of 1.37 lakh out of 2.5 lakh completed in Jun 18.
129. 400 wi-fi railway stations (Aug 18)
130. 80% reduction in rail accidents
131. 10 high speed rail corridors underway, target date 2025-26
132. Export of world class customised coaches from MCF, Rae Bareli
133. LIC and Air India register profit
134. 2300 km rail tracks constructed, speed jumped from 4.1 km/day in 2014 to 6.53 km/day in 2018
135. Neem coating of urea
136. Gokul mission - record 160 million ton milk production
137. Online availability of CBSE and NCERT books
138. 10 crore LED bulbs distributed, 5000 crore savings
139. Investment in urban infrastructure jumped from 157703 crores to 795500 crores
140. Statue of Unity to commemorate Iron Man of India
141. Rs 2509 crore sales in Khadi
142. 482.36 million digital transactions worth Rs 74,978 crores in Oct 2018 against 0.3 million transactions worth Rs 90 crores in Nov 2016
143. 30% increase in ATMs, 208% increase of PoS machines from 10.81 lakh in May 14 to 33.32 lakh in Aug 18, 111% increase in credit cards from 1.94 crore in May 14 to 4.10 crore in Aug 18, 144% increase in debit cards from 40.17 crore to 98.02 crore
144. Ease of Doing Business Index 142 (2014) to 100 (2018)
145. Ease of getting electricity index 99 (2014) to 26 (2018)
146. UN's e-govt index 118 (2014) to 97(2018)
147. Globalisation index 112 to 107 (2018)
148. Innovation index 76 to 60 (2018)
149. Competitiveness index 71 to 39
150. Logistics performance index 54 to 35
151. Global peace index 141 to 137
152. DBR ranking 100 to 77
153. India ranks 3rd in global start up ecosystem
154. 06 crore jobs in MSME sector based on CII data
155. 448 million formal jobs based on EPFO, NPS and PPF data
156. 10 crore jobs in entrepreneurship via mudra and other schemes
157. 80% increase in tax payers, 51.3 % increase in gross tax revenue
158. Black Money report card - Voluntary income declaration scheme (Rs 65250 crore), IT search and survey operations (35,460 crore), Pradhan Mantri Garib Kalyan Yojana(5000 crore), Benami transactions Act (4300 crore), Black Money and Imposition of Tax Act (4100 crore)

160 Rs 6000 financial assiatence for pregnant women
161/1 . Sagarmala: port capacity increase from 8 to 14.7 lakh ton, cargo up from 89 to 116 MMT 8 new national waterways including ganga waterway NW-1 and Brahmaputra waterway NW-2.
161/2. domestic cruise service between Mumbai and Goa, ro-ro services on Ghoga-Dahej reducing travel distance from 294 to 31 km
161/3. New international cruise terminals at Chennai and Goa, railway line between Haridaspur and Paradip underway, LNG import terminal at Kamarajar port, Oil berth ai Jawahar Dweep,Coal berth at Mangalore port
161/4 . deep draft Iron ore berth at Paradip berth, JNPT SEZ, Kandla and Paradip smart industrial port city, largest dry dock and international ship repair facility at CSL, modernisation of 17 fishing harbours

1. 800 km Delhi-Mumbai Expressway underway
   
2. Replacement of bio-toilets with upgraded vacuum bio toilets in trains underway. Order for 500 placed on experimental basis.
   
3. No terror strikes in hinterland
   
4. 103 new KVs
   
5. 62 new Navodaya Vidyalayas
   
6. 6 new IITs against 16 in previous 57 years
   
7. 6 new IIMs against 13 in previous 57 years
   
8. 7 IIITs against 7 in previous 57 years
   
9. 02 new IISER
   
10. 12 new AIIMS against 7 in previous 57 years.
    
11. 141 new universities against 30 in previous 57 years
    
12. 01 new NIT
    
13. Life Insurances @ Rs 12 annual and @ Rs 12 monthly premiums
    
14. Atal Pension Yojana
    
15. Pension to 42 crore people of unorganised sector
    
16. Ambedkar memorial
    
17. BHIM application for digital payments
    
18. Khelo India Initiative for tracking of athletes' development, Rs 5 lk per annum scholarship for 1000 budding athletes per year for eight years each; monthly Rs 50000 out-of -pocket exptr, 2000 PETs, salary cap of coaches doubled from Rs 1-2 lk per month, target 15 yrs
    
19. Special Task Force for Olympics
    
20. RERA Act
    
21. Bullet train maiden project
    

182/1. Rs 6.92 lakh crore Bharatmala project, 44 economic corridors with 9000 km road, 2000 km port connectivity, 9000km roads to connect district HQs with NH,
182/2. 2000 km road with Nepal, Bhutan, Bangladesh and Myanmar, opening up of 185 choke points, road development to char dham, 12 greenfield expressways spanning 1900 km

1. 36 murtis retrieved and brought back to India in 2014-2019 under India Pride Project against 02 between 2000-2013, 02 in 90s, 03 in 80s, 01 in 70s and nil in 50s and 60s
   
2. Unemployment rate 3.8% against 13.8 % in 2013
   
3. India is a less-cash society now
   
4. Develpment of Trincomalee and Columbo port while checkmating China's Hambantota by taking operations of near by (15 km away) Mattala Rajapaksha International Airport
   
5. Plugging the 'double taxation avoidance' black money loophole through a new tax agreement with Mauritius
   
6. Deal with Switzerland for automatic tax data sharing from 01 Jan 2019
   

189/1 Varanasi - Varanasi ring road phase 1 completed, phase 2 underway, inland waterways terminal, Babatpur airport highway, 140 MLD Dinaput STP, facelift to railway station, big cow shelter for stray cattle, BPO centre, piped gas project, Varanasi-Balia rail project,
189/2. Vande Bharat Express, Kashi Vishwanath temple - Ganga Ghat corridor project, renovation of all bathings ghats, LED illuminations of ghats and major roads, underground electricity cabling,
189/3. new sewage plants, 02 cancer treatment facilities, 65th to 29th rank in swachhata sarvekshan (2016), 90% ODF district.

1. Creation of 100 Smart cities, 100 crore per year per city for 05 years, 500 acres for retrofitting, 50 acres for redevelopment, 250 acres for green field projects, 10% of energy from renewable resources, 80% of green building construction, special purpose vehicles.

191/1 Development of 500 AMRUT cities underway, urbanization project of rejuvenation and transformation which includes beach front development, prevention of beach erosion, improvement of water supply, replacement of pipelines,
191/2. New sewerage connections, greenery and open spaces, digital and smart facilities, e-governance, LED streetlights, public transport, storm water drainage projects in a phased manner, Target date 2022

1. Increase in Child Sex Ratio (CSR) in 104 BBBP (Beti Bachao Beti Padhao) districts, anti-natal care registration in 119 districts and institutional deliveries in 146 out of total 640 districts as in Mar 18. CSR of Haryana increased from 871 to 914.
   
2. International Yoga Day
   
3. Aspirational Districts Programme: 115 'backward' districts placed under 'prabharis' and for competitive development on the basis of 49 performance indicators, target year 2022.
   

195/1. Make in India: 16.4 lakh crore investment committments, 1.5 lakh crore investment inquiries, 60 bn USD FDI, 26 sectors covered, 23 positions jump in World Bank's Doing Business Report (DBR), 32 places in WEF's Global Competitiveness Index (GCI),
195/2 19 places in Logistics Performance Index, 42 places in Ease of Doing Business index, schemes include Bharatmala, Sagarmala, dedicate freight corridors, industrial corridors, UDAN-RCS, Bharat Broadband Network, Digital India.

1. 251 Passport Seva Kendras (PSKs) and Post Office Passport Seva kendras (POPSKs) against 77 till 2014, target of one PSK every 50 km across India.
   
2. Unanimous election of Justice Dalveer Bhandari to ICJ forcing UK to pull out own nominee Christopher Greenwood, demonstrating India's clout in international arena.
   
3. India Post Payments Bank: India's biggest banking outreach with 1.55 lakh post offices (2.5 times banking network) linked to IPPB system
   
4. Philip Kotler award, Seoul Peace prize, Champion of the Earth Award, Grand Collar of the State of Palestine, Amir Abdulla Khan Award, King Abdulaziz Sash award, Amir Amanullah Khan award.
   
5. 1900 gifts and memorabilia received by Modi auctioned and 11.7 crores added to Namami Gange fund, 1.4 c of Seoul Peace award also to Nammami Gange.
   

New Adds

1. Removal of article 370 and thereby also 35a after several decades.
   
2. Giving citizenship to persecuted minorities in Pakistan, Bangladesh and Afghanistan through passing of CAA.
   
3. Trust for creation of Ram Mandir underway.
   
4. Abolishment of Haj subsidy.
   
5. Abolishment and criminalization of instant triple talak.
   
6. Deal with Bodo community.
   
7. Getting Maulana Masood Azhar listed as an UN designated terrorist.
   

​
Source - https://www.reddit.com/IndiaRWResources/comments/bgkus6/200_achievements_of_modi_govt/
​
List more achievements in the comment section and lets make the list bigger, a big thank you to our fallen kar sevak u/Alive_Firefighter

First of all , let me make it clear I am a complete economic noob with 0 knowledge of it outside of a basic stuff
So , having got that out of the way , what does the Indian government do with a huge foreign reserve ? Does it invest it in stocks ?
Or are all the 500 billion dollars lying in a bank vault in RBI headquarters in Mumbai ?
What are uses of a Forex reserve?
Also, India's economy is around 3.2 trillion dollars in size . Does this economic size count the forex reserve or exclude it ? If tomorrow , the RBI suddenly decided to spend 400 billion dollars out of the 500 billion dollars in Indian economy , does this mean Indian economy suddenly becomes 3.6 billion dollars overnight?
If our Forex reserves are so huge , why is the rupee falling?

1. US dilutes Iran oil sanction. INDIA to go ahead on Chabahar port work. Foreign Secretary Jaishankar in IRAN.
2. India-IRAN will trade in INR to save lot of our FOREX reserves!
3. Biggest train bridge approved that will reduce travel time between Assam & Arunachal from 600 km to 40 km
4. In-land water transport extended to reduce logistic costs.
5. Petrol price reduced in India as Saudi /UAE decide to help India.
6. India adds stealth force to our MOUNTAIN CORPS, strategically important for mountain war fare with Chinese.
7. India jumps in electricity accessibility ranking from 99th to 26th, a huge movement of 73 positions.
8. Special Economic Zones being set up in next 6 months to boost MAKE IN INDIA and Exports to create more job opportunity.
9. Hyundai to set up new plant in Chennai for local manufacture of their very efficient electric car.
10. Flexi fare in some trains to be removed starting April 2020.
11. GST collection rose from ₹ 85K crs per month to ₹95K crs and last month it crossed ₹100K crs , 95% of input credit is cleared within next month and compensation to state for short fall has reduced in last three months....no state is now against GST since it has released lot of admin pressure from state govt....
12. Opening of Sikkim airport is considered one of the best in the recent times by international aviation teams.
13. Statue of Unity became biggest attraction for Indian & Global Tourists! In the first week of December it earned revenues of ₹2.1 crs in ticket collection alone!
14. Mumbai local train network will be completely revamped in next 5 to 6 yrs....
15. Foreign enemy property is going to be auctioned soon. Govt expected to fetch revenues in excess of ₹ 1 lakh Crores!
16. Indian Army destroyed several terror camps, BAT HQ, damaged Brigade HQ of Pakistan Army resulting in dozens of Pakistani casualties.
17. India tested successfully nextgen Pinaka Missiles with range of 90 km!
18. India tested modified Akash supersonic Missiles fitted with indigenous RamJet engines placing us in the top three Nations!
19. Modi has supercharged MAKE IN INDIA program by placing orders for 83 more TEJAS MK1A Aircrafts and promised additional order of 200 Aircrafts if HAL/ADA develop AMCA with 6th Gen features powered by indigenous 120 KN jet engines by 2024!
20. india’s entry into UNSC is closer than ever with all 4 permanent members and 10 out of 12 non permanent members supporting us! This support is the highest so far!
21. Fiially, Pakistan judiciary and Army is at loggerhead and some massive political change is soon expected!

Our media does not tell you these but will speak only about crime, dirty politics and not about above achiements of the Govt.

This is the best tl;dr I could make, original reduced by 69%. (I'm a bot)

The country's foreign exchange reserves are at an all-time high of over $500 billion, according to data released by India's central bank on June 12.The strong forex pool provides stability in today's grim economic conditions.
The rise of forexThe reasons behind the swelling forex reserves are India's shrinking import bill, an increase in foreign direct investments, improved inflows from foreign portfolio investors into the stock and debt markets, and the Reserve Bank of India's buying spree.
"These assets, which are in other foreign currencies, are appreciating against the dollar and this too is pushing up the forex reserve valuations," he said.
Friends with benefitsThe biggest beneficiary of strong forex reserves is the Indian currency.
Pointing to 2013 when the Indian rupee depreciated by more than 20% in a span of just 4-6 weeks, Chari states that "The size of the forex reserves with respect to the current account deficit and portfolio flows becomes a key determinant of whether the currency can come under a speculative attack."
Apart from protecting the rupee, large forex reserves act as an assurance to the world that India can meet its external obligations like payment for imports.

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