Raghuram Rajan effect

1.8K Views
0 Replies
1 min read
The new RBI governor Raghuram Rajan’s slew of proposals, aimed at strengthening rupee and reviving growth, for the third straight day are working. Indian economy has seen a silver lining in the new governor’s strategy to strengthen the Rupee. It has seen the strongest closing since 64.30 on August 26 and marks over 5 per cent appreciation from record low of 68.85 hit on August 28.
More reforms are in the offing.

http://timesofindia.indiatimes.com/business/india-business/Raghuram-Rajan-effect-Rupee-at-two-week-high-sensex-above-19000/articleshow/22373030.cms

20 Replies

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.
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.
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.
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...
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.
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.
Raghuram's reforms are working. Stock markets today started with a bang and the Rupee is constantly recovering.
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 ..
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.
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 ! :)
Lets see the things in real perspective. Results are showing up. What more we want ? Whether it's a coincidence or otherwise, tome will say.
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 ! :)


Some of them are saying that he resembles with James Bond and is out to take the problem by its neck. :laugh:
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 ! :)


Some of them are saying that he resembles with James Bond and is out to take the problem by its neck. :laugh:


I'm sure he will rise up to the expectations of the people.
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 ! :)


Some of them are saying that he resembles with James Bond and is out to take the problem by its neck. :laugh:


I'm sure he will rise up to the expectations of the people.


Although governor of RBI cannot handle everything single handed and unless others responsible now knew their mistakes and trying to amend some of them with right kind of steps.
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 ! :)


Some of them are saying that he resembles with James Bond and is out to take the problem by its neck. :laugh:


I'm sure he will rise up to the expectations of the people.


Although governor of RBI cannot handle everything single handed and unless others responsible now knew their mistakes and trying to amend some of them with right kind of steps.


Obviously he learned from the mistakes committed by his predecessors. After seeing the good results of his reforms. people in the government will certainly join him and strengthen his policies.
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 ! :)


Some of them are saying that he resembles with James Bond and is out to take the problem by its neck. :laugh:


I guess that is going a bit too far lol, however there is a lot of expectations from him and lets hope he lives upto them given the political scenario in our country which can throw anyone off balance however committed they might be ...
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 ! :)


Some of them are saying that he resembles with James Bond and is out to take the problem by its neck. :laugh:


I guess that is going a bit too far lol, however there is a lot of expectations from him and lets hope he lives upto them given the political scenario in our country which can throw anyone off balance however committed they might be ...


Let us not rubbish his predecessor's role. It's too early to comment on his performance as RBI Governor. I am impressed with his chequered academics but to free India from the kind of economic mess which he has inherited, the government headed by political sharks are to act in unison. He alone can do very little!
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 ! :)


Some of them are saying that he resembles with James Bond and is out to take the problem by its neck. :laugh:


I guess that is going a bit too far lol, however there is a lot of expectations from him and lets hope he lives upto them given the political scenario in our country which can throw anyone off balance however committed they might be ...


And this was in Yahoo India news headlines, but I guess a single person, in whatever position cannot change the affairs. This is not Rajashahi here.
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 ! :)


Some of them are saying that he resembles with James Bond and is out to take the problem by its neck. :laugh:


I guess that is going a bit too far lol, however there is a lot of expectations from him and lets hope he lives upto them given the political scenario in our country which can throw anyone off balance however committed they might be ...


And this was in Yahoo India news headlines, but I guess a single person, in whatever position cannot change the affairs. This is not Rajashahi here.


Thank god. At least a beginning has been done.. If his efforts to do good for the country are not realized and supported we don't deserve to lead a better life than a gutter life.
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 ! :)


Some of them are saying that he resembles with James Bond and is out to take the problem by its neck. :laugh:


I guess that is going a bit too far lol, however there is a lot of expectations from him and lets hope he lives upto them given the political scenario in our country which can throw anyone off balance however committed they might be ...


Let us not rubbish his predecessor's role. It's too early to comment on his performance as RBI Governor. I am impressed with his chequered academics but to free India from the kind of economic mess which he has inherited, the government headed by political sharks are to act in unison. He alone can do very little!


Of course Subba Rao and others before him have been dong a commendable job except that they have to work under stress often making compromises to suit the government .In that way I feel that it is better to have one party government, the interference and compromises would be far less...

Topic Author

R

rambabu

@rambabu

Topic Stats

Created Friday, 06 September 2013 23:29
Last Updated Tuesday, 30 November -0001 00:00
Replies 0
Views 1.8K
Likes 0

Share This Topic