It indicates the strengthening of Indian economy but yet rupee is not touched that much high. I think when 1 USD = 0.1 Rs then, India will become NO. 1 in the world.
RE:Paisa Ka Khel
by Rapid Snail on Jul 25, 2007 09:21 PM Permalink
1 US Dollar is 120 Japanese Yen - which is 3 times lower exchange rate than that of Indian Rupee.
Are you saying that Japan has a 3 times poorer economy???
Get your economics-101 straight before posting such stupidities
the whole credit goes to Keralites for rupee value rise. Mallus go to gulf countries, usa, uk, germany, france, europe, australia, uganda etc. and work very very hard to earn money which help in national growth.
RE:The credit goes to Keralites
by sachin on Jul 25, 2007 12:12 PM Permalink
that era is long gone...gulf as a desitination is no longer efry preferred one. I doubt how many mallus really get H1 visa. Uganda possible...
RE:The credit goes to Keralites
by Karthik R on Jul 25, 2007 03:45 PM Permalink
quite amused after reading your comments..let me ask u one question..not hurting any mallu sentiments here..do u know what kind of jobs the so called ppl u have mentioned do? if you do u will know that they wud have never managed to ones who actuallyeven money transfer back home! the ones who actually do wud never make a statement like this since he wud be educated enough to have a better job than being a technician in the gulf!
RE:The credit goes to Keralites
by Love on Jul 25, 2007 12:36 PM Permalink
STFU man!! The whole India is progressing. why do u morons have to talk trash? You think a few people from one state are responsible for moving the currency? lol. Next thing you may say is that Shakeela is the most beautiful woman in the world because she is a keralite. Talk sense man. The whole country's progressing.
RE:RE:The credit goes to Keralites
by ASHISH KUMAR on Jul 25, 2007 01:22 PM Permalink
Whole country doesnot include BIMARU (Bihar, UP, MP,Rajshthan) states where 50% population exist. Only progrsseive states mainly south & west India states are progressing. BIMARU states can't progress because of their govt job mentality.
RE:RE:The credit goes to Keralites
by Joel Pinto on Jul 25, 2007 02:23 PM Permalink
mallu saaand ke bache..... go and cut some coconuts... thats all you are good for...
RE:The credit goes to Keralites
by Raja Das on Jul 25, 2007 02:55 PM Permalink
WHY TALKING SUCH B.S.. Y does the credit to the KERALITES??????????????R U Jocking, ha haha hahahahahhah hahhhaha hhhaha
RE:The credit goes to Keralites
by RAKESH CL on Jul 25, 2007 03:26 PM Permalink
THis is the reason we indians are still a developing nation.We fight between each other and try gaining weightage for things we have not done. Also wehn some good thngs happen we say i did it but when sumthng bad happens we say they did it. We indians are responsible for this appreciation and we should stand up and applaud our efforts and keep moving as a unit rather than individuals.
When dollars becomes strong they exporters enjoys profits but they have to carefull about nation not their profit. Strong currency reflects nations economic growth.
RE:Proud for strong Indian Currency.
by sachin on Jul 25, 2007 12:16 PM Permalink
stronger currency means more jobless... how does that reflect economic growth...
RE:Proud for strong Indian Currency.
by vijay baskar on Jul 25, 2007 11:55 AM Permalink
My foot ! why to care about this useless nation ? ugly nation with no hygine !!!
RE:Proud for strong Indian Currency.
by Vijeth CM on Jul 25, 2007 12:00 PM Permalink
WoW Mr. Vijay! did you shortly come back from the U.S. of A?? or some western country? why don't you do something to keep India clean?
RE:Proud for strong Indian Currency.
by vijay baskar on Jul 25, 2007 12:03 PM Permalink
I always keep my house and room clean.. thats more than enough for a worthless country.. ask all the fellow indians who spit on road , shit on road to keep clean.. india will see improvement..
IF at all they change and start keeping clean.. ask your politicians to allow the ppl to be aware of life ..they wont becoz they cant loot then..
if at all your politicians channge .. and help the ppl.. ask the bomb boys and terrorist to allow peace.. they wont becoz they cant survive..
if at all all these happen...lets see if indi can imporve.. common man.. dont ask a beggar to become a billionare .. so is india...
RE:Proud for strong Indian Currency.
by Vijeth CM on Jul 25, 2007 12:10 PM Permalink
Have you ever thought of making people aware about cleanliness and trying to set an example? Surely people will understand. India cannot become an european country overnight unless people like you stop cursing the country and leave it in the lurch. The idea is you keep trying to make it a better place to live yourself. Its not enough if you keep your house and room clean but throw dirt outside. If you come out of this mindset, over a period of time at least 1 in 10 will follow your example.
RE:Proud for strong Indian Currency.
by Love on Jul 25, 2007 12:39 PM Permalink
I agree with Vijeth. Why are you Indians cursing him? Shame on you guys. Hez saying the truth. Just keep ur surroundings clean.
RE:Proud for strong Indian Currency.
by satyavrat nathmal sharma on Jul 25, 2007 12:06 PM Permalink
vijay y dont u leave the country and go to shit in pakistan if you dont like our country
RE:RE:Proud for strong Indian Currency.
by sachin on Jul 25, 2007 12:17 PM Permalink
I like that...in fact we must identify such people and parcel them off..
RE:Proud for strong Indian Currency.
by Manish Rastogi on Jul 25, 2007 12:09 PM Permalink
Chal Vijay bacche pehle khud naha kar aa phir jhadoo utha aur sadko ki safai pe lag ja. abe hamare desh ki to safai ho jayegi par tere dimag ki safai koi nahin kar sakta itni gandgi bhari hai usme. Tere to dimag se bhi badbooo aati hai.
RE:Proud for strong Indian Currency.
by sudir p on Jul 25, 2007 02:30 PM Permalink
it seems that the rediff wants the discussions to be continued without thinking whether they r abusing the own country.this moderator should go to hell.why did he disabled report abuse?
RE:Proud for strong Indian Currency.
by Kamal Bhardwaj on Jul 25, 2007 12:05 PM Permalink
Didn't your mother teach you hygiene who in all probability was born and brought up in India. Moreover India can easily do away with hypocrites like you. People like you can clean toilets in US and still feel proud.
Rise in rupee affects something.. fall in economy or rupee will also affect ppl.. what for this nation is surviving ?
Corruption,nasty enviromnet , dirty politics , shabby transport , unmaintained surroundings...this is the wealth of this country and this will only rise steadily....
Sit back in india and keep enjoying the most dirty enviroment inventing new diseases like chicken guniya duniya ...hahaha... Cant even become a developed nation after so many years.. who cares ...for this nation..
Prathiba what a young enthu president.. laloo , manmohan , karunanidhi wow !!! all youth's...
Brits are the best and london is the best..i wish they rule india again atleast to screw some discipline among people
RE:INDIA !!!
by DravidThePolitican on Jul 26, 2007 02:25 AM Permalink
Vijay I totally agree with your comments.You are 100% right for watever you said about India. Indians dont have discipline which is the root of successfull person/country.
RE:INDIA !!!
by vijay baskar on Jul 25, 2007 11:59 AM Permalink
ha ha.. proud about this nation regd what ? indians get disease for free with the cleaniness they maintain is it ? FREE HOME DELIVERY for disease.. and wonderful treatment for the affected one... excellent hospitals with wonderful infrastructure.. and more than all.. doctors are selected not by brain but by reservation and caste.. WOW !!!!
RE:INDIA !!!
by Sumit De on Jul 26, 2007 12:47 AM Permalink
Vijay have u done some crime that Indian Govt is not giving u Passport or other countries are not giving u visa..........its ur wish man why are u cleaning ur room and staying in India and hating the country all the more.......u can easily move on, there is nothing to feel shame about..........then why dont u consider that in US the student come in the schools with guns and shot their fellow class mate, why they travel to india to find peace in this unhealthy environment, why are they again moving towards Indian science of Aurveda, whats the reason they are so concern when India does a small nuclear test????
RE:INDIA !!!
by sudir p on Jul 25, 2007 12:22 PM Permalink
why dont you forget about india?when u hate why do u think about india.go and lick the shoes of the british.U all guys want to invest in india and earn more.But dont want to stay here.did u never spit on road or never piss outside.
RE:INDIA !!!
by falguni J on Jul 25, 2007 02:49 PM Permalink
With all this in mind I still wonder why you here in INDIA...I would suggest you go where you feel you are comfortable. leave people like us here ...we know the value of our country and how to take it ahead.If you think you are worth something, why dont you act instead of waiting for all laloos,manmohans to do something for you?
RE:INDIA !!!
by Lawrence Novva on Jul 25, 2007 03:21 PM Permalink
Many who have lived and worked in developed countries say "India will be the same under-developed country for ever". This is very true if every one points finger at others and critizise all the time instead of taking raw views of reality and make small moves to mend ourselves. India is so populated and still remain under-developed. This will remain the same if all Indians do not mend their attitude and begin to work with THE COUNTRY as the first priority in mind. For instance, I was extremely ashamed when I happened to use the toilet of Mumbai International Airport. It was pathetic beyond words when you compare this with developed countries(countries which were developing along with us). Lesser said about this is better! and for visitors from other countries, this exactly gives the first hand impression of how Indians treat their country!. Believe me, India will never ever be a developed and clean country if Indian attitude towards India is filthy, filthy not only surrounding us but in our minds also which is the root source of all filth. If this filth is gradually removed by stronger education for the masses from grass root levels, we have the hopes of irradicating the seemingly permanent label "dirty, sick and poverty strickened country" stuck on India by the people of the world since the time of our independence.
Quite nice topic..After going through the whole discussion.. I Feel its a good thing that the ruppee is getting stronger with the imports wud be cheap.. But when would be see the effect of the prices getting reduced? maybe once we see the positive side of the Rs rise we would actually appreciate it. Also we knew that the profits of IT industry wud reduce due to the high pay scale and it was unstable as the growth was very exponential...The growth of the ruppee just added to it.. So now the IT companies would change their business approach and we cud see a stable growth than the sudden exponential one..The pay scale would be common across all IT industry and this could improve the attrition rate faced by it..So if there is profit of 60% instead of 75%..y are they creating so much of noise..didnt they knw their profits are very sensitive to dollar - Rs relation..There are others markets to explore than US..
We allways think Dollar is an important currency and ours is not good. Those days are gone.India is growing in a fast manner.It is a growing economy.The top fund managers of west are investing more money in India now.It will become a developed country in a few years time.When globalisation is accepted the people should accept some ground realities.The weak American economy and strong Indian economy is made Dollar weaker and Rupe strong.We have to find somer alternative way of doing international businesses in future.Importing rawmaterials in Dollar term and exporting in Euro or some other strong currency is a better option now.The predictions are going that the Dollar may go down another 3 to 5% in an year.As shiv khera said only those who think differently can win.
RE:Too much hype for rupee appreciation.
by karthik iyer on Jul 25, 2007 01:09 PM Permalink
Actually the rupee rise exposes the Indian IT story all these so called Indian IT Majors do the low-tech, labour intensive work, so the billing rates are low. If they have to beat the the heat of rising rupee this companies should move up the value chain get hi-tech and knowledge intensive work.
Its true that rupee is gaining against the Dollar.So we should appreciate our economy growth.As some sectors r going to be suffered severely specially IT-sector, my suggestion for IT-giants to keep their coolness and plan their strategy for long term basis.And this discimilar is temporary.
The export lobby, psuedo economists and dumb media - a powerful body of vested interests, are raising the rupee appreciation bogey again. What does this mean for the common man? If the rupee appreciates, the export wallahs who have been living off the fat of the land ( subsidised land, artificially depressed rupee etc) will have to make do with lesser profits. Psuedo economists who have no clue about how and why currencies appreciate will press for state controls to indulge their whims. Dumb and corrupt journalists will float stories based on who is footing their bills. The facts: India's GDP according to PP is 4.156 trillion $ acc to the official exchange rate it is 804 billion dollars. This shows the gap between reality and our inferiority complex fuelled by the vested interests of exporters and crooked bureaucrats/ politicians who would like to protect their foreign currency savings stashed away abroad. A strong currency will mean cheaper and affordable imports from other countries, including the USA. IF a few lakhs of people who have been leading a parasitical existence based on the depressed rupee get to be jobless- too bad. Hundreds of millions will benefit from deflation. The greatest good for the greatest number- that's what democracy is about! Vikramaditya
Pls all keep one more thing in mind, our Central Government gives export incentive for all sectors and even if exporters feels unhappy they will do the trade in euro instead of dollar. if currency appreicates we can able to purchase quality products in lower prices. Even our Government and Foreign investors able to concertrate more on local market and local production , this will automatically create a more jobs than export industry. Even common man in india able to enjoy lifestyle what have done by rich people. We will strong in every sector like as chinese people, there is no need to depend IT sector Only and everybody will be able to get equal salary level in every and each sector due to local business development.
I Hope it leads real development of india when common man develops in the society. Eventhough i am working in abroad and my exchange rate gets fall one Rupee it made a loss of Rs.25000 per month then as an individual i love development of my country then why don't you to.
RE:RUPEE APPREICATION LEADS TO MARVELLOUS DEVELOPMENT
by MASUDKHAN BIRADAR on Jul 25, 2007 11:59 AM Permalink
IT officials if you are reading this plz catch hold of Mr.Sathya. He is drawing $ 25000 p.m. and very much concerned abt the growth of our country. Check how much tax he is paying...
RE:RE:RUPEE APPREICATION LEADS TO MARVELLOUS DEVELOPMENT
by Andrew scott on Jul 25, 2007 12:02 PM Permalink
ha...ha.....nri dont have tax...dude....whats the use...in catching hold of satya
RE:RUPEE APPREICATION LEADS TO MARVELLOUS DEVELOPMENT
by MASUDKHAN BIRADAR on Jul 25, 2007 12:02 PM Permalink
IT ppl plz wait. Sathya has not mentioned if he is drawing salary in dollars. He could even be getting in Kuwait deenars. So 25000 * 150 p.m. How much tax?
RE:RUPEE APPREICATION LEADS TO MARVELLOUS DEVELOPMENT
by sudir p on Jul 25, 2007 12:34 PM Permalink
dear friends,i think he did not say that he is earning 25000 dollars.If he earns it in the gulf reion then No tax.I am losing 10 thousands every month.now we see a very good raise in india.Even our company recenlty published in their magazine that salaries in india are increasing dramatically and now it is difficlut to hold these hard working indian engineers in gulf
RE:RUPEE APPREICATION LEADS TO MARVELLOUS DEVELOPMENT
by Vijeth CM on Jul 25, 2007 11:31 AM Permalink
Very true Mr. Sathya. Wish there are more and more people like you who understand the real benefits. If we have patience to wait for the benefits to arrive to the economy, we will reap them too :)
RE:RUPEE APPREICATION LEADS TO MARVELLOUS DEVELOPMENT
by Andrew scott on Jul 25, 2007 12:00 PM Permalink
very true......the exporters want to extend their 'sops' from the govt. for much longer period......stating this rupee appreciation as a reason.....especially information tech exporters.....its time to move on to other currencies.........jai hind....enjoy the development....
