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Comment Lipstick on a pig (Score 1) 216

If you want an unbiased view on this, please don't ask just the mobile payment providers who have everything to gain by painting a rosy picture of a very bad situation in India. The markets across the country are crumbling following this idiotic decision with markets falling as much as 70% in some sectors (agriculture is an example) and 100s of 1000s of people losing their jobs as a direct result of this bone headed move by the government.

Washington Post: India just made a big mistake with its currency ban

The Harvard Business Review article on this is far more factual: Case study in poor policy and even poorer execution.

Comment Re:Slashdot is killing itself (Score 1) 244

I agree. The quality of slashdot discussions have dropped a lot.. the number of comments against each article is also very low these days. It was unusual to have stories with less than 300-400 comments, now a lot of stories don't even hit the 100 comment mark. And most of the comments themselves are not adding much insight - and that is a shame, because I have always come to this site for the depth of the discussion and not because of the stories themselves.

Comment Re: Jingoism and Nativism (Score 1) 242

There is nothing in the law against selling fully imported good or even selling only fully imported goods. However, fully imported goods will attract a duty which is much higher than what good which are assembled locally will receive even if all or most of the parts are imported from abroad.

For example, in the case of vehicles, if they are brought into the country as parts (completely knocked down (CKD)), they will attract much less duty than if they were imported in fully assembled (completely built units (CBU)). Cars brought in as CBUs can attract as much as 125% tax.

In the case of Apple, the choice for them is one of the following:
A) Assemble the phones locally
B) Assemble abroad with 30% of the parts coming from India
C) Bring it in fully assembled from abroad without parts from India but sell via Indian retailers so that there is job being generated at least in retailing the products

What Apple has been denied is option D) Bring products fully assembled and sell locally directly bypassing indian retailers without attracting additional duties.

This is my understanding of the subject and I could be wrong.

Comment Re:Again? (Score 1) 121

What's wrong with these automakers? Haven't they figured out by now that hydrogen is a total waste of time and effort?

That is actually not true. There are definite advantages with Hydrogen fuel cells..

a) The amount of weight that the cars need to lug around comes down a lot with fuel cells.

b) Recharging EVs at home will become an issue over time especially in apartment complexes because the apartment complex will need to draw huge amounts of power from the grid to make this happen and these chargers will have to be installed in every parking bay etc.

c) Refueling can be done pretty quickly. With EVs, even with fast chargers, it will still take about an hour to get enough charge to go for 100 miles. In the case of hydrogen fuel cells, the refuel process can be completed in minutes.

d) Because it takes a long time to recharge EVs - even the most cutting-edge fast chargers from the new Porsche EV will take about 15 minutes to recharge, a recharge station can service only very few EVs simultaneously - both because of the very high power draw required per vehicle + also the time it takes to recharge each vehicle. That is not a problem with Hydrogen fuel. Refueling stations can service many more vehicles at the same time (similar to the current Petrol/Diesel stations).

f) Recent advances such as the one in the University of Glasgow allows for hydrogen to be produced 30 times faster and its storage in inorganic liquid fuels - thus solving the two big problems with Hydrogen fuel cells - cost-effective, industrial generation of hydrogen and its safe storage.

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