Monday, August 26, 2013

Sliding Rupee

Sliding Rupee





(3)
IF RUPEE IS SLIDING WE NEED TO WATCH 5 FACTORS
Import items and their Bill -- MINUS SIDE
Export items and their earning -- PLUS SIDE
Remittances sent by Indians abroad (including profits earned by Indian companies outside and sent back here) -- PLUS SIDE
Remmittances taken out by foreigners here + profits taken away by foreign companies operating here. -- MINUS SIDE
Debt repayment made every year -- MINUS SIDE

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(4)
To stop devaluation of Rupee and downfall of economy --
1st -- watch which leaders are using this to convert their swiss-money to Rupees for spending in election. What is our economics-intelligence wing doing? Remember it is same wing that could not stop the tax evasion of hasan Ali since 1975.
2nd -- work for reducing energy-wastage. Let there be public monitoring of our petroleum imports Vs home-production vs unfulfilled but unpunished promises of home production and also our petro-exports.
3rd -- Start asking what is the profit-in-dollars carried away every quarterly by the top-50 Foreign investors and who are they. Do we need them really ?

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कोयला घोटाळ्याच्या फाइली गायब करवून जिंदल, अंबानी, दर्डा सोबतच यांच्याकडून कमिशन खाणारे पण वाचणार आहेत. आजच अंबानीने आपले पहिले दिलेले बयान फिरवले अशी बातमी आहे. सुप्रीम कोर्टाने 2जी लिलाव रद्द केले तसेच या सर्व बेनिफिशियरीवरच प्राथमिक ठपका का ठेवला जाऊ नये. रद्दी कागद विकून पैसे मिळावे म्हणून तर कोणीही फाइली चोरत नाही. पोलिसांकडे काय एफआय़आऱ दाखल झाली तिच्याइतकी हास्यास्पद दुसरी गोष्ट आहे का हे ही तपासायला हवे.

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वॉटर प्यूरीफायर बनवणारी एक कंपनी -- प्यअर इट -- तिची जाहीरात मला खटकते-- ऑब्जे्शनल वाटते. कारण पाणी शुद्ध करण्यासाठी ते उकळणारी मंडळी किती चूक आहेत -- ती वर्षाकाठी तीन सिलिंडर गॅस वाचवू शकतात -- अशा या जाहिरातीत प्युअर इट यंत्र वापरल्याने वीजेचा खर्च किती वाढणार ते सांगितले जात नाही -- जणू काही ती फुकटच मिळणार असते.

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Govt wants to spend consultancy fees worth many lakhs to understand why no delivery of govt schemes reaches people. In my view it is a waste of money.
I agree with many others who feel that state administration knows about many of the problems of the state and the administrative machinery. There might be some blind corners but to identify those blind corners we don't need to appoint high profile e...
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On my Marathi article "Sliding Rupee and Common Man" where I had argued that answer to sliding rupee is not higher FDI (which in long term is detrimental to national interest) but reducing wastage in petroleum and energy sector, a FB friend Prathamesh Murkute drew my attn to DGCIS website and I found the following import statistics on that supporting my suspicion about petroleum being the major reason about which we need a strong Conservation policy.
 — with Sanjay Barve and 13 others.

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