The given heading may be confusing but my friend has proved it correct with full facts and figures. It is hard to believe (for me also) but when he has explained me the details then I have to except the fact .
In one field ,We all Indian are master That is called "Jugard"(managing work within limited resources) . How to come out of difficult situation with a Bang.And we hope this time also we can do it.
Though we know that ,problem is serious but we are accepting it in lighter way .
My Friend :What is conversion rate at present ?
Me :One dollar =66 Rupee
My friend = Compare with Cent my dear ,One Rupee=1.5 cent ,so in that way Rupee is 150% more valuable than US currency.
Any way ,We have created a small survey and we are expecting good response from you. Have a Nice day
View Survey Results Summary Here (up to date)
View Survey Result Complete (up to date )
How we can stop Fall in Rupee ? Interesting comments given by Viewers,some of them Listed below.
Provide a VDS scheme for money deposited in Switzerland @ 40 % TAX without penalty in dollars ,see how much money you will got and Rupee will touch back to 55 at least .........................Raj Kumari(62)
The ONLY way out of this, is to completely stop TRADING of Rupee, within a period of 1 year, and intimate all the Importers & Exporters to square off their trades within this period.
Thereafter bringing back the Rupee to a ratio of 1 : 1 with the Dollar LOCK it, as has been done by the United Arab Emirates permanently Fixing the Value of Dirham at 3.65 with the Dollar to avoid any further depreciation....
if they can do it, why not our Country that is full of Resources greater than the UAE ....Ajay Rana (42)
Creation of goo infrastructure in India will attract FDI / long term foreign currency inflow in the Indian economy. This will further create employment and will increase productivity as well as revenue streams for the Government and Indian public. Long term foreign currency inflow will reduce Current Account deficit and boost Indian economy. Moreover, infrastructure like Roads, Dams, schools, Medical facilities, big post-graduate institutes will empower Indian masses and will lead to further strengthening of Indian economy. Indian Government should not waste tax payer's money in doling out subsidies rather it should create infrastructure so as to generate employment and make people self sufficient and to let them toil to earn money. Indian masses should be encouraged to invest in Equity markets, Debt markets etc so that flight of capital by FIIs should not affect us in such a way. Confidence should be build up in the markets. So, availability of infrastructure as well as transparency & stability in Govt. policies is the need of the hour. Sandeep Chitkara (43)
Some important Measures to be taken:
1. Improve domestic supply chain
2. Promote usage of only domestic products
3. Improve domestic manufacturing facility
4. Abolish import of goods other than necessity goods (Ravi sharma 25)
By STOPPING POLITICIANS from CONVERTING their BILAK HOARDED MONEY TRUNKS consisting of LOOT from India Govt.Revenues.
Also by making THE INR more VALUABLE in INDIA itself.
These "REAL ESTATE BUILDERS' LOBBY" is making the INR look "UNREAL" and devaluing the PURCHASING POWER of INR in our own country.
INDIAN Goods are now Skyrocketingly costly and therefore UNCOMPETITIVE in Foreign Markets resulting in GR8 FALL in our EXPORTS.
Another GR8 reason for the INDIAN RUPEE's FALL from GRACE is the ALL ROUND TAXES of all sorts EATING into the PROFITS and PROGRESSIVELY AMPLIFYING THE COSTS.STOP this NONSENSE SERVICE TAXES IMMEDIATELY to bring down the cost of manufacturing in India.
Another thing the GOI AND STATE GOVTs.should do is to DRASTICALLY CUT the GOVT.MACHINERY and DISPLACE STAFF especially in REVENUE DEPTs. Now every kind of Govt.Revenue is ON-LINE and AUTOMATED. Why is the GOVT.harbouring DISPENSABLE STAFF.Now the COST of MAINTAINING GOVT.STAFF is beyond LIMITS of GOVT.REVENUES which are dwindling becoz of SHALLOW BUSINESSES everywhere.
DO NOT LET CORRUPT GOVT.OFFFICIALS AND POLITICIANS ROB our COUNTRY's RESOURCES in all spooky manners LIKE DBT(Direct Bank Transfers) and AADHAR CARD-linked Subsidies and so-called FOOD SUBSIDIES Direct CASH TRANSFERS to CRORES of DOUBTFUL Recipients.
STOP this DISPROPORTIONATE TRANSFER of LIQUID CASH to REAL-ESTATES,
CUT DOWN GOVT.MACHINERY SIZE by 50 percent.
ELSE U CANNOT PUSH UP THE IN RUPEE.
Above ALL ALLOW VOTING by ONLY LITERATE PEOPLE or give WEIGHTAGE of say 5 over 1 by the ILLITERATES.
THEN ONLY INDIA will SHINE in GLORY Chitamani (60)
Every pride has a fall. And every fall has an UPSWING. Newton's LAW of GRAVITY. Chitamani (60)
We must Increase our Export Rates instantly.
Items like handicrafts,textiles items must be swiftly increases.
We must contribute not to import any Cell phones/Laptops/Electronic items atleast for few month rather we can switch to any Indian make items if we can.
Import of gold must be totally banned for atleast a month or two rather than imposing high taxes on it.
People must avoid using fuel atleast 2-4km per day/person saving of fuel must decrease some sought of importing of fuel .
Govt must allow FDI money now as it is the best time to inflow the money in market and also due to high dollar rates in exchange we will get.
RBI must sell dollars in market now. MOHAMMAD SADAF (29)
1. Stop import of capital goods - levy high rate of anti-dumping duty on import of any item that is available in India. There is nothing that we Indians cannot do - after all, we Indians are the people going abroad and helping the other countries enrich.View Survey Results summary Here (up to date)
2. Stop Government spending - e.g. for one minister taking a flight, ten cars go behind his car. Is this not foolish ?
3. Bring in education qualification to become a member of Parliament or Assembly and fix the age limit to 65 years, R.Venkateshan(60)
View Survey Result Complete (up to date )