The Nepalese information and communications ministry said Indian currency notes higher than Rs 100 were illegal in the country.
Kathmandu: The Nepal government has banned the use...
On 9 July 1991, then-PM PV Narasimha Rao addressed the nation days before the Budget presentation, admitting that the job of repairing India's sick economy won't be easy, quick, or smooth.
Air India’s new policy, effective from 2 May, introduces new weight limits for tickets in each of the different 'fare families' — Comfort, Comfort Plus, and Flex.
New Delhi has, in past, too, objected to Chinese construction activities in Shaksgam Valley. Work in this strategic region gathered pace after the 2017 Doklam stand-off.
A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.
REER is for Trade but a Currency’s strength or weakness affects the Citizens also.This REER is NOT the basis to decide whether a Currency is strong or weak from a national perspective.India’s Rupee is weak and will continue to be so,till we reduce our imports and start exporting without weakening the Rupee thus cheapening ourselves and subsidizing our Foreign Customers.For this we should stop our pro-US Dollar policy [which weakens the Rupee] and anti-Gold policy.Gold inverse US Dollar.Hence India should stop being anti-Gold.The Rupee at present is very weak.India being an essentially importing Nation,she should has to have a very strong Rupee,comparatively.
I was studying in St Xavier’s Delhi when Mrs Gandhi depreciated it from 5 to 7.50 to the USD. Dr Singh gave it a one – two punch in 1991. We have seen it continue to weaken. Just a mater of time before it becomes worth one cent. Whatever else this may have done, it has not given exports a boost. Makes imports more expensive, feeds into inflation. Adds to the burden of corporates that borrow abroad, unavoidable for a capital deficient nation. If the debate is part of the effort to increase export competitiveness, I don’t think this is the solution.
REER is for Trade but a Currency’s strength or weakness affects the Citizens also.This REER is NOT the basis to decide whether a Currency is strong or weak from a national perspective.India’s Rupee is weak and will continue to be so,till we reduce our imports and start exporting without weakening the Rupee thus cheapening ourselves and subsidizing our Foreign Customers.For this we should stop our pro-US Dollar policy [which weakens the Rupee] and anti-Gold policy.Gold inverse US Dollar.Hence India should stop being anti-Gold.The Rupee at present is very weak.India being an essentially importing Nation,she should has to have a very strong Rupee,comparatively.
I was studying in St Xavier’s Delhi when Mrs Gandhi depreciated it from 5 to 7.50 to the USD. Dr Singh gave it a one – two punch in 1991. We have seen it continue to weaken. Just a mater of time before it becomes worth one cent. Whatever else this may have done, it has not given exports a boost. Makes imports more expensive, feeds into inflation. Adds to the burden of corporates that borrow abroad, unavoidable for a capital deficient nation. If the debate is part of the effort to increase export competitiveness, I don’t think this is the solution.