ARTIFICIALITY IN EXCHANGE RATES

The foreign exchange rates have always puzzled me. A few questions remain inadequately answered. For instance, on independence, one rupee was equal to one dollar and was quite near to being equal to one pound. Isn’t it surprising that despite being a very poor nation we had a very favorable exchange rate. It meant that it made imports more attractive. But we could not sustain the same conversion rate. Rupee got drastically hammered and soon enough even before the fifties we saw the ...

Part-2 “AND A FAIR GAME AT THAT”

Part-1 “ULTIMATELY, IT’S A GAME THAT WE CHOOSE TO PLAY” Part-2 “AND A FAIR GAME AT THAT” In part one I merely summarized that life is a game and one should carry on the honest, good and ethical KARMA and offer the same to Lord Krishna. Our duty is to perform KARMA that is destined for us, without worrying about the future, which is in the hands of The Lord Krishna. This sounds simple but in reality we make our life highly complex by entering into far too many races in the...

“ULTIMATELY, IT’S A GAME THAT WE CHOOSE TO PLAY”

There are a few questions that keep propping up in our mind. For seeking answers to the same, we set our mind, our intellect, our experiences, our observations, our believes, our prejudices etc all in a pot churn them and still crave to find a satisfactory answer. One such question is : Why a person after having earned tens and thousands crore of rupees keep amassing more and more wealth despite knowing that ultimately at the end of life he or she is not going to carry any up. Even afte...

SIMPLE THOUGHTS ON THE GALA INTERNSHIP PROGRAM ANNOUNCED IN BUDGET 2024

The latest budget presented by Hon’ble Finance Minister has tried to earn many brownies (credits) for introducing the concept of internship.It is stated in the budget speech itself that Rs.5000/- per month per intern will be financed through the budget in addition to Rs.6000/- to be paid extra for worker on his or her enrollment as an intern. In other words, the trainees will get at least Rs.5000/- per month for a duration of 1 year. It is further stated that the top 500 companies (employers) ...

SOME SUGGESTIONS IN THE ACTUAL INTEREST OF THE MSME SECTOR

Slogans like “ MSMEs are the backbones of our economy” and many such slogans praising and highlighting the importance of the role that MSMEs  in the economic development are well known to all of us particularly because we have been hearing that almost since several decades. Though I admit that beside dishing out slogans, a lot of efforts have been placed by the Government and the Banks to encourage and help the MSME sector so as to enable them to successfully survive in ...