
Thursday, 24 November 2016
Indian Currency vs other currencies
Is rupee really depreciated??????
Eye opening data....
I can say in last two years two major strong economy in this era were usa and india....
In August 2013, when rupee was at its worst...
1 USD = ₹ 67
1 EUR = ₹ 88
1 CAD = ₹ 63
1 AUD = ₹ 61
1 SGD = ₹ 53
Today, November 2016,
1 USD = ₹ 69
1 EUR = ₹ 72
1 CAD = ₹ 51
1 AUD = ₹ 51
1 SGD = ₹ 48
Except the USD, our Indian Rupee has very strongly APRECIATED against all major currencies in the world since 2014. Then why is media always saying Rupee is getting weaker day by day ?? Doesn't the above data mean that Rupee is getting stronger, but the USD is getting even more stronger ???
Eye opening data....
I can say in last two years two major strong economy in this era were usa and india....
In August 2013, when rupee was at its worst...
1 USD = ₹ 67
1 EUR = ₹ 88
1 CAD = ₹ 63
1 AUD = ₹ 61
1 SGD = ₹ 53
Today, November 2016,
1 USD = ₹ 69
1 EUR = ₹ 72
1 CAD = ₹ 51
1 AUD = ₹ 51
1 SGD = ₹ 48
Except the USD, our Indian Rupee has very strongly APRECIATED against all major currencies in the world since 2014. Then why is media always saying Rupee is getting weaker day by day ?? Doesn't the above data mean that Rupee is getting stronger, but the USD is getting even more stronger ???
10 arguments on demonetisation I am fed up of
In all the time he has spent in bank and ATM queues, these 10 arguments were being thrown at him constantly by those supporting demonetisation, says Syed Firdaus Ashraf.


Two weeks after Prime Minister Narendra Modi announced the demonetisation of Rs 500 and Rs 1000 notes, I am tired of running from one bank to another or in search of an ATM that will spew out cash.
Apart from the fatigue caused by all this physical activity, my ears are also weary. For the last fortnight all one has been hearing have been these 10 things from Modi's supporters waiting alongside me in queues at different banks and ATMs.
- WAR ON BIG NOTES
1. 'Takleef hoti hai par thik hai (It is tough, yeah, but it's okay)'
I really admire such people who are willing to stoically bear the inconvenience caused by Modi's call for the larger good.
Prime Minister, you are truly blessed because 80% of those I met agree with you on the need for demonetisation, never mind their own suffering.
The PM said Indians would have to bear the brunt for 50 days, but looking at the grim ground situation, one hopes this deadline is not extended.
2. 'Corruption will be eradicated'
Are you serious?
Does it mean one will never pay a bribe to corrupt babus?
Does it mean educational institutions that charge hefty capitation fees will stop the practice?
Does it mean the traffic cop won't demand a bribe if you are caught jumping a signal?
I hope all this happens post December 30. If not earlier.
3. 'Black money will disappear'
Sigh!
Does it mean jewelers won't accept payment in cash?
Does it mean automobile showrooms won't accept cash payments to give you a discount on fancy cars?
Does it mean we will never again read in newspapers that some bureaucrat was caught with crores and crores of black money stashed at home?
4. 'Our soldiers are standing at the border, why can't you stand in queues?'
Over 55 people, it is said, have died standing in bank queues in the last 15 days, but demonetisation's cheer leaders haven't stopped throwing this line at all and sundry.
If you counter this argument, you've had it.
It's possible a defamation case will be filed against you and you could even be charged with sedition, so my advice is, turn a Beethoven's ear to this argument.
- Why was the government not prepared?'
5. 'If not Modi, who is the option? Pappu?'
I am tired of hearing the Congress vice0-president being referred to as Pappu.
Whoever coined the term for him has done a real disservice to all those named Pappu.
Whoever is saying that should go in 2019?
Airing a genuine complaint that his vision has not been properly implemented on the ground doesn't need to be countered with this argument, surely.
6. 'Check the scams under Congress and then talk against demonetisation'
Those who oppose demonetisation must look at scams during Congress rule, and the reference here is not just to the 10 years under the UPA.
This list begins right from the jeep scam of 1948, the Mundhra scandal of the 1950s to Bofors and everything else in between till the 2G and CWG scams.
But what about the scams under BJP governments, did you say, like the Vyapam scam in Madhya Pradesh, the PDS scam in Chhattisgarh, or why Dushyant Singh, MP, Rajasthan Chief Minister Vasundhara Raje's son, allegedly took a loan from Lalit Modi? Well...
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