Keeping the rupee weak is imposing a huge and invisible tax on the nation. Let the govt be efficient in its transactions with the citizens,improve its own working and let it cut down on unnecessary taxes and service taxes and the export prices will also come down. Clearing a ship at the docks in india takes 4-6 days, while it takes 4 hrs in singapore. The singapore rate is 2 singapore dollars to a US dollar, how come they are able to export more and are a more prosperous nation. We are just raising a hue and cry about the rising rupee with fraud economists like chiddu at the top. They just love to tax and make everyone's life a misery.
RE:Weak rupee is an invisible tax
by sandeep nag on Jul 25, 2007 10:58 AM Permalink
Good thought ........ Chiddu is only an ordinary politician ....... like others.
RE:Weak rupee is an invisible tax
by Rengarajan on Jul 25, 2007 10:19 AM Permalink
You hit the nail on its head. Brilliant answers to the above artilce. People like chiddu should be packed off. He's not fit for the finance ministry.
