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11 years ago
Needless to say, only monetary measures by RBI do not suffice. Hence, we must reduce imports. The move by Finance Ministry to reduce unnecessary imports is welcome.
http://in.reuters.com/article/2013/09/08/india-chidambaram-imports-rupee-inflatio-idINDEE98700J20130908
Its obvious moves are welcome but moves are set to be in motion and see that they are strictly adhered to. The proposal of buying the gold from the private people and endowments should be effectively implemented by offering a good price. If these things are implemented, we need not think about gold imports.
There should be no gold import as this is just a luxury item.
That it is a luxury item is a personal opinion. Gold is connected with many religious aspects of Indian people. Already the temples are protesting that they can't part with the gold even though its gathering dust. At the most it can be minimised but can't be completely stopped.
11 years ago
Needless to say, only monetary measures by RBI do not suffice. Hence, we must reduce imports. The move by Finance Ministry to reduce unnecessary imports is welcome.
http://in.reuters.com/article/2013/09/08/india-chidambaram-imports-rupee-inflatio-idINDEE98700J20130908
Its obvious moves are welcome but moves are set to be in motion and see that they are strictly adhered to. The proposal of buying the gold from the private people and endowments should be effectively implemented by offering a good price. If these things are implemented, we need not think about gold imports.
There should be no gold import as this is just a luxury item.
That it is a luxury item is a personal opinion. Gold is connected with many religious aspects of Indian people. Already the temples are protesting that they can't part with the gold even though its gathering dust. At the most it can be minimised but can't be completely stopped.
For super rich, nothing is luxury. But we should see from utilitarian view point. On the whole, people need food, clothes and shelter, education, roads and transport more than gold which is only for ornaments and display of wealth. There are some gold mines in India also. Moreover gold is also recycled. There should be no import of gold. Also the need for religious purpose is nothing but emotional or superstitious need than can be curbed.
G. K. Ajmani Tax consultant
http://gkajmani-mystraythoughts.blogspot.com/
11 years ago
Needless to say, only monetary measures by RBI do not suffice. Hence, we must reduce imports. The move by Finance Ministry to reduce unnecessary imports is welcome.
http://in.reuters.com/article/2013/09/08/india-chidambaram-imports-rupee-inflatio-idINDEE98700J20130908
Its obvious moves are welcome but moves are set to be in motion and see that they are strictly adhered to. The proposal of buying the gold from the private people and endowments should be effectively implemented by offering a good price. If these things are implemented, we need not think about gold imports.
There should be no gold import as this is just a luxury item.
That it is a luxury item is a personal opinion. Gold is connected with many religious aspects of Indian people. Already the temples are protesting that they can't part with the gold even though its gathering dust. At the most it can be minimised but can't be completely stopped.
For super rich, nothing is luxury. But we should see from utilitarian view point. On the whole, people need food, clothes and shelter, education, roads and transport more than gold which is only for ornaments and display of wealth. There are some gold mines in India also. Moreover gold is also recycled. There should be no import of gold. Also the need for religious purpose is nothing but emotional or superstitious need than can be curbed.
The craze for gold is not restricted to super rich only. Even a poor man has to offer gold for his daughter's marriage. Let there be a bill that gold should not be used for religious and social causes. It will work as effectively as anti dowry act.
11 years ago
Needless to say, only monetary measures by RBI do not suffice. Hence, we must reduce imports. The move by Finance Ministry to reduce unnecessary imports is welcome.
http://in.reuters.com/article/2013/09/08/india-chidambaram-imports-rupee-inflatio-idINDEE98700J20130908
Its obvious moves are welcome but moves are set to be in motion and see that they are strictly adhered to. The proposal of buying the gold from the private people and endowments should be effectively implemented by offering a good price. If these things are implemented, we need not think about gold imports.
There should be no gold import as this is just a luxury item.
That it is a luxury item is a personal opinion. Gold is connected with many religious aspects of Indian people. Already the temples are protesting that they can't part with the gold even though its gathering dust. At the most it can be minimised but can't be completely stopped.
For super rich, nothing is luxury. But we should see from utilitarian view point. On the whole, people need food, clothes and shelter, education, roads and transport more than gold which is only for ornaments and display of wealth. There are some gold mines in India also. Moreover gold is also recycled. There should be no import of gold. Also the need for religious purpose is nothing but emotional or superstitious need than can be curbed.
The craze for gold is not restricted to super rich only. Even a poor man has to offer gold for his daughter's marriage. Let there be a bill that gold should not be used for religious and social causes. It will work as effectively as anti dowry act.
Not only gold.. We need to reduce import for as many things as we can... Soaps, Shampoos, deo, perfumes from foriegn markets and we need to improve quality our our products so that indian people can have trust in them to buy.. Thats how we can improve rupee only...
Life is a box of Chocolate, You never know what you gonna get.... :)
www.InstantKhichri.blogspot.in
11 years ago
Needless to say, only monetary measures by RBI do not suffice. Hence, we must reduce imports. The move by Finance Ministry to reduce unnecessary imports is welcome.
http://in.reuters.com/article/2013/09/08/india-chidambaram-imports-rupee-inflatio-idINDEE98700J20130908
Its obvious moves are welcome but moves are set to be in motion and see that they are strictly adhered to. The proposal of buying the gold from the private people and endowments should be effectively implemented by offering a good price. If these things are implemented, we need not think about gold imports.
There should be no gold import as this is just a luxury item.
That it is a luxury item is a personal opinion. Gold is connected with many religious aspects of Indian people. Already the temples are protesting that they can't part with the gold even though its gathering dust. At the most it can be minimised but can't be completely stopped.
For super rich, nothing is luxury. But we should see from utilitarian view point. On the whole, people need food, clothes and shelter, education, roads and transport more than gold which is only for ornaments and display of wealth. There are some gold mines in India also. Moreover gold is also recycled. There should be no import of gold. Also the need for religious purpose is nothing but emotional or superstitious need than can be curbed.
The craze for gold is not restricted to super rich only. Even a poor man has to offer gold for his daughter's marriage. Let there be a bill that gold should not be used for religious and social causes. It will work as effectively as anti dowry act.
Not only gold.. We need to reduce import for as many things as we can... Soaps, Shampoos, deo, perfumes from foriegn markets and we need to improve quality our our products so that indian people can have trust in them to buy.. Thats how we can improve rupee only...
Yes. Stress should be on exports. Before this India has to improve it's quality of products of its own In order to stand the rigors of international standards.
Thank you said by: Gulshan Kumar Ajmani
11 years ago
Hai everybody,in today's competitive world each and every parent force their child to score high marks in Board Exams.They think "My child should be a topper in results" .It is somewhat bad,why parents are thinking like this? In addition to this,teachers and school managements also forces the their students to score more marks.Because they have to show a good result and make money on it.I am asking Is it Good to force a child to score high marks? without understanding the child's capacity and ability..Is it right ?Development of own personal intrinsic natural abilities is the prime, as I can only say from Three Idiots, when the three engineers about to complete their education one swings to photography leaving aside, well-paid engineering jobs.
http://mohanmekap.com/
11 years ago
Raghuram's reforms are working. Stock markets today started with a bang and the Rupee is constantly recovering.
11 years ago
For the moment things seem to be under control ...sensex is really up today with 500 odd points and so is the rupee at 64.24 , seems to have steadied down a bit...Until it comes down to below 60 levels one cannot say for sure ..
Pay no mind to those who talk behind your back, it simply means that you are two steps ahead !!!
11 years ago
Rupee is constantly recovering right from the day the new reforms were introduced. Gold rates too are showing downward trend. We bay get back to the 60 levels if everything goes alright.
11 years ago
I was reading some comments on Facebook about Raghuram Rajan effect on Rupee...one amusing one says "Raghuram Rajan is so good-looking that the U.S. $ has Fallen for him ! :)
Pay no mind to those who talk behind your back, it simply means that you are two steps ahead !!!
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