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Why a weak rupee is good news for Indian IT companies


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piri
And a depreciating rupee
by piri on Jun 03, 2018 07:32 PM

will add further pain to the Modi govt in terms of higher petro product prices (or conversely, lower duties if it has to avoid increase in prices) !

Already, the Modi govt has blown a gigantic hole in the fiscal position by handing away lakhs of crores of rupees of public wealth to its crony capitalists such as Anil Ambani through the indirect and misleading route of *Bank recapitalisation* !

Now, it is facing tremendous political pressure to reduce petro product prices !

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NEO HITLER
BankMaadharChodhs on 2-Day Strike Demanding Hike in Salaries Now
by NEO HITLER on May 30, 2018 06:27 PM

BankMaadharChodhs on 2-Day Strike Demanding Hike in Salaries

Nowadays many GovtMaadharChodhs (aka GMCs or 80% Gov employees) get pensions over 30K / pm, a gov peon or junior asst gets salary Rs 35K / pm, gov teacher 50k, lecturer Rs 1.5 lak, professor Rs 2 lak, etc.

Govt is collecting taxes, like GST, Income Tax, etc from the 97% hardworking people in the pvt sector to pay exorbitant salaries to 3% GMCs. I appreciate Modi's initiatives on many fronts, but what all these tax collections are for… to pay salaries to GMCs, 80% of whom are good-for-nothing fellows?

In pvt companies, only top 3% could be corrupt, but 97% employees have to work hard. In govt companies 80% are corrupt and / or laggard fellows.

GMC laggards, who eat up 10% GDP / yr, seldom work, but work very hard when there is scope for corruption. GMCs spend 80% time eating paan & spitting on walls, talking SexPoliticsAndNonsense, playing cards for 2 hrs when lunch time is 1 hr, etc

Pay good salaries only to defense personnel; reduce salaries of all GMCs to market-average levels; stop salary revisions of GMCs in future and divert the money thus saved to improving primary education, teaching English & providing healthcare to SCs, STs and the poor; family planning incentives; and to support poor farmers committing suicide. PAYING HIGH SALARIES TO GMCs KILLS PATRIOTIC SPIRIT AMONG COMMON HARDWORKING POPULACE.

(Instead of Rs 1Lac /PM to a GMC, better pay 10k-to-10 pvt sctr hard-workers)

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