From UPSC group post.. Thanks....Vasu Why Rupee rate fall down to 64 with$ ,,Bit lengthy but useful Small Analysis: 1. In 2011 our Rupee rate is trading on 50Rs, on that year Supreme Court order to stop Iron mining Karnataka, IRON Exports Stopped. 2. Due to Coal Scam again supreme court order to stop coal mining to Private sectors, due to that to produce Thermal electricity India Imports Coal from other countries and in the lake we spoil the Industries with power cut problems, where MNC and large scale industries depends on the Generators to produce the electricity in the Companies ,Usage of Diesel rate increased ,more diesel imports 3. Small scale industries are the back bones to the GDP and revenue due to the China and Thailand Korea products almost 50% small scale industries closed from last 4 years, electricity also one problem. 4. We have nuclear plant Kudankulam Nuclear Power Plant, due to protest it was not started NGO are funding for the Protest to not start, if it start India reduce it Coal imports which will effect to the Other countries who exporting to the India they all helping for the protest 5. RBI increase the Interest rates its causes to down fall of the Rupee 6. FII withdrawn the 1050 Cr $ in June due to that rupee down from 50 to 60Rs in one week which is 10% down fall. 7. As of now India have 27,800 Cr $ stock in hand in that Cash 25,000Cr$ and Gold 2,100 Cr $ and 4,500Cr$ in SDR, where all in Liquidity stocks not able to use, in currency we have 25,000Cr $ in that FII have 13,774Cr $ so the final amount India Have is 11,400 Cr $, if still FII with drawn the amount in large scale and imports increase then rupee will reach to 80Rs and 100Rs. Major Importing Sectors affecting Rupee rate: 1. Gold 2. Petroleum products( Petrol,diesel,Gas,kirosine) 3. IRON 4. COAL 5. Refined Oils Minor imports But Make big impact on Rupee: 1. Apples 2. Mobile Phones 3. Cooling Glasses, Perfumes, Digital Camera’s 4. Cars and motor Sector 5. Food and beverages(Mc,KFC) 6. Chacolates,watches,cosmotics(soap,toothpaste,powder,creams) Would you believe that in 2012-13 we have imported ~50000 Cr from other countries? I don’t say don’t use the above all but kind request is buy all with cash and Indian Brands Action required from every citizen: 1. Use Public transport, reduce Petroleum products usage where we are 100 +Cr population 2. Don’t addict for Western culture, Try to use Indian Brands with Cash payments, stop foreign banks Credit card usage. 3. Ask Bill for every purchase, and pay tax in time 4. Don’t buy too much gold and too many Smart phones which are not India Made. And try to use Indian Cosmetics. 5. Stop Foreign branded Soft drinks Go for Buttermilk ,Juices 6. Every wastage of Govt property need to pay by every Indian in the form of TAX, so protect the Govt property Political Side: 1. Don’t announce schemes which are not in Five year plan, and don’t give anything free to people and make them lazy, don’t way of the Loans taken by them. 2. At least 30% politicians need to pay tax on time for their assets 3. Black money No answer for this, which will solve all the problems of India. Start doing something good to nation today alone tomorrow you will find thousands of people following you to change the Fate of our country VASU
Posted on: Sat, 24 Aug 2013 15:35:51 +0000
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