no stern steps to curb black money. no stern steps to remove fake currency. no positive steps to encourage more bank transactions. bad use of plastic currency by people ( plastic currency must used as an alternative for actual currency not to get more credit and fall in a debt trap). salaries never in commensurate with the jobs. if rupee is falling it is in perfect correlation with our moral values.
In economics, BRICS is a grouping acronym that refers to the countries of Brazil, Russia, India, South Africa and China. India should negotiate Iran and Turkey in joining brics. Egypt is an old friend of India since Nasser’s time. Don’t forget Serbia, Macedonia and Croatia and the other Indian friend Marshall Tito. The economical rules in BRICS are not rigid bit very flexible mostly WIN-WIN. Even Lanka, Pakistan, Bangladesh, Nepal, Burma and Vietnam can become focus points. Then a future giant of Africa, Angola needs to be shifted towards BRICS. Tell them option is open. Angola has large amount of Indian workers but there are no solid ties with Delhi. India and Angola are not in a WIN-WIN situation. So Indian workers in Angola are trapped in the middle. So can Nigeria get on the BRICS bandwagon. So we can include the countries of Chris Gayle and Sunil Narain, what’s known as West Indies. Take as quick as possible Argentina, Peru, Ecuador, Venezuela and Mexico as well. Chile is the world’s top producer of copper and is the only country in the world with deposits of sodium nitrate, used to make fertilizer. Peru is known for its copper, lead, and zinc mines.BRICS main point is to create a WIN-WIN solution in conflicts. Yes its new but even Greek and Portugal are today studying the BRICS model. A possible join is possible. The BRICS model gives India better chances for mediation in conflicts regarding US-Iran. Go for WIN-WIN. Forget the old economy, be cri
Nothing is going to change, we all would continue to cring and things would not be one inch better..Tto expect change, change has to be delivered at all levels and within these levels change has to come in all facets.. To put it short everyone right from the farmer to a worker to a software engineers to teachers and engineers, everyone need to change in their mindsets and in their attitudes to bring in a revolution..not a revolution as in a coup but revolution of thinking and putting those thoughts to action. But the big question is are we prepared for it..would we risk our precious little that we have today to build a tomorrow of greater glory for ourselves . Not many among us including me would fancy an option like that.. till that day my friends we will continue to fret, to curse and to argue, but believe me nothing is going to change.. it is we who should shake off our "chalta hey" attitude, do our work diligently and strive to unite, push ourselves outside our safe cocoons and stake our claim on this great country.. remember it is we who are corrupt, lazy and inept, the bussinessmen/politicians/ sarkari babus just keep reminding us about that fact..
Why rupees falling? Stock Market performance: Most of them are foreign investors. Loosing confidence Inflation Current Account deficit: India buying (import) is more than export example oil, arms, technology Corruption: A lot of manipulations goes. Anna Hazare movement made global headlines and foreign investors afraid to invest in this selfish country out of sentiments RBI policy: It may sell foreign currency to stabilize the depreciation of rupees Loan and financial regulations tightening decrease money supply Last there is anti indian policy in bush loby... good step indian cockroaches need to be show their real place
Re: Simple reasons...
by Ting Tang on May 19, 2012 12:44 AM
Do not forget dude, for those looters who have trillions of dollars in swiss banks, they are getting billionsor trillions more with rupee falling to lower and lower levels and hence the crooked rulers and looters do not care and they are in fact Happy!Let the slaves and morrrons and ennuchs go to dogs, right,folks???
The Japanese Yen was grossly under-valued in the currency market back in the 1970s to about 300 or so. Exchange rates are not a true indicator of the economy.
When the Yen was de-valued, Japan's exports increased drastically and improved the trade deficit.
Ever since 1950, India has had a balance of payment crisis in 1956, 70s and 1991. This was due to the fact that exports were low and import on Oil was high. India paid huge Oil bills.
After increasing the exports to $300 billion, India can now afford to import goods worth $350 billion.
If India's currency is set to Rs 100 to the dollar, India's exports can go upto more than $2-3 trillion by 2020. This is very important because it can then import the Oil.
For the record since 1991
1. We have not had a BOP. 2. Our Forex is about $350 billion 3. Our exports will continue to rise
It is extremely important that we have exports to increase over a period of time.
This article is very poorly written just to fill a few pages. First, such an article merits a chart, which would have been easily readable. Secondly, it doesn't show an inflation-adjusted price. Rs. 25 in 1991 is not the same as the Rs. 25 today!
Re: Poorly Written
by Deepak Bali on May 19, 2012 12:38 AM
LOL... I KNOW YOU NEVER TOOK ECONOMICS!!
If Rs. 25 of 90 is not same as Rs. 25 of today, that is also true form $1!! You are soo lost, this is why they eveluated currencies afgainst each other!
The point is year over year ERupee is getting weaker against American dollar!
Is our PM Manmohan Singh is responsible for this rupee depreciation as he is credited for the economic liberisation in India since his budget in 1991 and coincidently since then only, rupee has depreciated by as much as 200%. We should think this.
Re: Who is responsible
by Test User on May 19, 2012 07:41 AM
Ya blame the PM. Don't work, sit and surf on rediff and blame everyone for everything bad in the world !
