Indian Rupee Falling Further All Time Low to 81.89 to USD on 3rd-Oct-2022 giving Serious Signals

 

Indian Rupee Falling Further All Time Low to 81.89 to USD on 3rd-Oct-2022 giving Serious Signals

Placing below the link to ND TV Article on this subject, those find interest can go through.

Indian Rupee falling further All Time Low to 81.89 to US DOllar, touching almost 82 to an USD is giving Serious Signals for Indian Economy in General.


Although some would vouch it is better for Export Earnings, however, other than handful of Software Companies or Services Organizations, we have turned ourself into an Import Driven Economy, and we are a 130+ Crore Population, we have our Needs and Wants and Stomachs to feed ourselves and have to have life styles while we compare ourselves Globally.

The main reason for the slaughter of Indian Rupee is being attributed to the Crude Oil Prices, as we also have a huge fuel bill to meet, that can drive Indian Rupee anywhere can't be denied easily.

For a long time, I have been writing and vouching for a "Fuel Price Stabilization Fund" to be created for India, but it does not get into the ears of anyone.

The theory behind Fuel Price Stabilization Fund means, create a fund calling it as Fuel Price Stabilization Fund, where put the Savings when Crude Oil Prices go down and pay for the hikes from tha fund when the Crude Oil price goes up. Do not burden the Public with Higher Fuel Price when crude oil price goes up and do not do extravagant expenditure with the savings when the Crude Oil price goes to lower levels. We had great opportunity in last few years to create the Fuel Price Stabilization Fund, while the Crude Oil Price had gone to the level of even USD 40 per barrel level, the savings were used extravagantly in the always said name of development and footing the bills of lot of expenditures extravagantly and lavishly.

I have written two articles on Fuel Price Stabilization Fund, that are available in  my Blog here for anybody public to read.

India has the capability to create a "Fuel Price Stabilization Fund" and it can be done. That will save lot of pains for Indian Economy if done with sincerity and will save Indian Rupee from Slaughter like this. This kind of Slaughter of INR will be very difficult for RBI to contain, by what they call as Market Intervention Operations, by selling the hard earned "Foreign Currency Reserve" and blowing it up for saving INR from slaughter like this.


About the Author : Dr. Nimain Charan Biswal is a B.Sc.(Agri. Science and Technology), M.B.A. and Ph.D.(Management Area ) by qualifications; and he has 36+ years of work experience in both industrial and development sectors in diversified fields of social importance. He has been educated at Orissa University of Agriculture and Technology (OUAT)-Bhubaneswar, Institute of Rural Management Anand (IRMA) and Gujarat University (with Resource Support of IIM-Ahmedabad). He is further educated at IIM-Calcutta, XLRI-Jamshedpur, Apple Computer Industries and Spar Inc., USA. He has worked for reputed National and International Organizations in Senior/Top Management Capacities at Board level as well as Managing Director and CEO. He is a management expert covering extensive areas from management in industrial sectors, management in agriculture and dairy, development management to management of public systems. He is a prominent professional of India and known Internationally as well. He lives at Mumbai in India.

Comments

Post a Comment

Popular posts from this blog

DR. V. KURIEN HAD SOME QUALITIES LESS PUBLISHED (TRIBUTE ON HIS DEATH ANNIVERSARY ON 09 SEPTEMBER)

  DR. V. KURIEN HAD SOME QUALITIES LESS PUBLISHED         (TRIBUTE ON HIS DEATH ANNIVERSARY ON 09 SEPTEMBER) Based on my direct experience and interaction in person with Dr. Verghese Kurien ( in short well known as Dr. V. Kurien ), popularly celebrated as the Milk Man of India or the Father of White Revolution of India, the former Chairman of GCMMF Ltd. ( Gujarat Co-operative Milk Marketing Federation Limited-Amul ) and the former Chairman of National Dairy Development Board ( of India) as well as recipient of World Food Prize, I honourably place few lines as some qualities Dr. Kurien had but normally less published, as tribute to Dr. V. Kurien on his death Anniversary falling on 09 September.       1.     Dr. Kurien was a highly responsive communicator: I justify by an instance. In 1989, I used to work as a Branch Manager in charge of Patna (Undivided Bihar then) Office of Gujarat Co-operative Milk Marketing Federation Limi...
Read more

THE MENACE OF BLOCKING AND MUTING IN SOCIAL MEDIA PLATFORMS

THE MENACE OF BLOCKING AND MUTING  IN SOCIAL MEDIA PLATFORMS  The biggest nuisance in Social Medial Platforms today is the Hooliganism of Blocking and Muting by the Administrators. The Democratic Principles and Freedom of Speech of the Members of Social Media Groups are being attacked by vested interests. Some persons having vested interests and nexus acquire Administrator/Moderator rights in the social media groups and use that administrator rights to terrorize the members of blocking and muting.  The Administrators of Vested Interests create a group of hooligans around them to exploit the situation and realize the best returns for their vested interests. Those Administrators also create a group of their supporters by placating them by lure of various means. Those hooligans thus created by the Administrators of vested interest try to attack and intimidate the Upright and Honest members who genuinely and diligently raise voice against exploitation of the situation by th...
Read more

WHEN PROTEGES DEFY AND CROSS THE PATH OF THEIR MENTORS, BOUND TO REMAIN IN SOME POOR LIGHT IN THE TIME LINE OF HISTORY

  WHEN PROTEGES DEFY AND CROSS THE PATH OF THEIR MENTORS,  BOUND TO REMAIN IN SOME POOR LIGHT IN THE TIME LINE OF HISTORY   The meaning of “Protege” is a person who is guided and supported by an older and more experienced or influential person. The older and more experienced or influential person who guides and supports for the progress of a protege is called as a “Mentor”. Most of the times, the Mentors try to project and promote their proteges to act as their successors as well. In an article published in “The Chronicle of Evidence-based Mentoring” on September 13, 2015 written by Jean Rhodes, the following 25-Top and Celebrated Mentoring examples of recent times were cited and I am placing here under the quotes: Quote : 1. Best known for her talk show The Oprah Winfrey Show, Oprah Winfrey was mentored by celebrated author and poet, the late Maya Angelou. “She was there for me always, guiding me through some of the most important years of my life,” Winf...
Read more

TRIBUTE TO DR. V. KURIEN ON HIS 101st BIRTHDAY : 26 November

Image
TRIBUTE TO DR. V. KURIEN ON HIS 101st BIRTHDAY : 26 November This is a Tribute to Dr. V. Kurien, on the "National Milk Day" which is being celebrated on 26-November ( falling on 26-November-2022 ), the Birth Day of Dr. Verghese Kurien, otherwise also, called as the "Milk Man of India" as well as "The Father of the White Revolution of India". Volumes have been written on Dr. Kurien and his story can not be finished in some words, for his significant contributions towards the Dairy Development in India and in other spheres, during his lifetime, that has helped uplift the economic wellbeing of millions of farmers, both men and women spread over more than 6-decades of his effort, across India nationally. His contribution in terms of building and nurturing excellent institutions to sustain resiliently on long term basis in the interest of the society is well known. I have also tried the little I could and have written a number of articles and notes on ...
Read more

DO YOU THROW EMPTY POUCHES OF MILK WASHED OR UNWASHED? THROW IT WASHED AND BE CONSIDERATE FOR THE HUMAN SOCIETY AND THE ENVIRONMENT

  DO YOU THROW EMPTY POUCHES OF MILK WASHED OR UNWASHED? THROW IT WASHED AND BE CONSIDERATE FOR THE HUMAN SOCIETY AND THE ENVIRONMENT   What I am writing in this article might or might not have been noticed or considered by many, however it has lot of importance for the human society and environment at large. Only being aware of and giving few seconds to wash the empty milk pouches by water after you drain the milk out of it for your consumption and before you throw it into your trash bin or any where would help the environment and the society at large.  Kindly consider the facts I am presenting below. In India, right now about 62million litres ( 62,000,000 litres ) of liquid milk is being sold per day ( every day ) in plastic pouches which the people all around are buying on daily basis. About 70% of it in 500ml  Plastic Pouch Packing and 30% of it in 1Litre Plastic Pouch Packing. That means about 43.4 million litres in 500ml pouch and 18.6 million litre...
Read more

THE FARMERS OF CO-OPERATIVE DAIRIES OR DAIRY FARMERS WOULD NEVER DITCH AGRICULTURE FARMERS’ INTEREST

THE FARMERS OF CO-OPERATIVE DAIRIES OR DAIRY FARMERS WOULD NEVER DITCH AGRICULTURE FARMERS’ INTEREST I am a bit surprised, that repeatedly, articles and statements are being published in the internet in the name of a sitting Chief Executive of one of the Largest Co-operative Dairy Federations of India, that are quite  inconsistent with the interest of the Farmers of India, whether they may be Agriculture Farmers or any other fields allied to Agriculture. His views may be personal for targeting any interest he may have, however, I am sure his views are never representing the Dairy Co-operatives or Dairy Farmers of India. Categorically in an article published in the internet, he states that there is no MSP(Minimum Support Price) in Dairy (Milk), Fisheries and Poultry by giving a cryptic and satiric look to the   MSP prevalent for Agricultural Crops to assist the farmers growing food crops for the 1300 million population India has to feed right now. Further he says as ...
Read more

A TEACHER PAR EXCELLENCE, A HUMAN PAR EXCELLENCE, YOU ARE IMMORTAL BY YOUR SPECIAL PLACE

Image
  A TEACHER PAR EXCELLENCE,  A HUMAN PAR EXCELLENCE, YOU ARE IMMORTAL BY YOUR SPECIAL PLACE… YOU REMAIN FOR EVER IN HEART AND MIND…..AND IN MEMORY……   A Tribute to My Teacher and Educationist : Shri Lakshman Mishra (Former Head Master of Laxmidhar Municipal High School Dhenkanal), on his sad demise on June 05, 2022. ( My Revered Teacher and Educationist, Shri Lakshman Mishra, Former Head Master of Laxmidhar Municipal High School, Dhenkanal, Odisha, India; addressed in this article of tribute, as My Teacher- Shri Lakshman Mishra, with reverence, with utmost respect and utmost honours to identify appropriately, remember and place him at highest level of respects and honours of my association as Teacher-Student and also at Family level for 49 years to date. The best is to evidence him as a Teacher and Educationist par excellence, an Excellent and Rare human being who lived in this world, with  my own experience and relationship with him cherished over 49years, that ...
Read more

WHAT I FELT WHEN IN THE WHOLE OF MEDIA A BUNCH OF TYCOONS, HONCHOS AND BIASED-ECONOMISTS OF INDIA WERE REJOICING FOR SALE OF "AIR INDIA" TO TATA : ITS LIKE SELLING THE UTENSILS OF OUR INDIAN NATIONAL KITCHEN .....SAD....VERY SAD…

  WHAT I FELT WHEN IN THE WHOLE OF MEDIA  A BUNCH OF TYCOONS, HONCHOS AND BIASED-ECONOMISTS OF OF INDIA  WERE REJOICING FOR SALE OF "AIR INDIA" TO TATA : ITS LIKE SELLING THE UTENSILS OF OUR INDIAN NATIONAL KITCHEN .....SAD....VERY SAD… Two days back, in the Whole of Media a bunch of Tycoons, Hunchos and Biased-Economists have rejoiced on Sale of "Air India" to Tata. While a bunch of "Tycoons and Hunchos" and "Biased-Economists" were rejoicing all around in the media for Sale of "Air India" to Tata and may be in their offices and homes, I was : VERY VERY SAD. Because, I felt as if the "Utensils of our Indian National Kitchen" were getting sold. It was so sad for me...... When the Utensils of our Kitchen gets sold how do we eat ? Eat on the Floor or borrow an utensil from somebody ..... Will the 2-AIR INDIA ONEs bought at a Price of Rs. 8000/- Crores go to TATA or stay ? Let it also go to Tata why not ? Every time when ...
Read more

INDIA TOPPING THE WORLD BY DOUBLING ITS GDP IN LAST 10YEARS: WE CAN'T BE MISER TO APPRECIATE THE NATIONAL LEADERSHIP AND OUR ACHIEVEMENT AS A NATION

INDIA TOPPING THE WORLD BY DOUBLING ITS GDP IN LAST 10YEARS: WE CAN'T BE MISER TO APPRECIATE THE NATIONAL LEADERSHIP AND OUR ACHIEVEMENT AS A NATION Dear Readers, It is an amazing news that   India has grown its GDP by 105% ( Doubling ) in last 10years compared the year 2025 with 2015,  I am giving below a link of the news report publication that cites the IMF (International Monetary Fund). According to IMF, India's GDP in 2015 stood at USD 2.1 Trillion while it has reached USD 4.3 Trillion in 2025, a growth of 105%, and  India Tops the World compared to all other Major Economies with this Growth Rate in GDP in last 10years, none is even closer to 105% of India's Growth,  other biggies such as USA, China, Germany and  Japan the only four nations who are above us in size of GDP, remain at far distance in % Growth in GDP Compared to India in the last 10years. Right now   we are next to Japan as the 5th Largest GDP, and we are going to surpass Japan very soon ...
Read more

COMMUNITY OXYGEN PROVISIONING FACILITIES MAY BE THE NORM IN FUTURE

  COMMUNITY OXYGEN PROVISIONING FACILITIES MAY BE THE NORM IN FUTURE   With Covid-19 second wave taking exponential surge in India, it is the Oxygen that has been found to be the most scarce essential that is experienced in the present scenario. As per media reports, Covid-19 patients have been dying due to non-availability of Oxygen in Hospitals around the country. All around efforts have been going on at all levels whether Government, Private or Public Sectors to make medical grade Oxygen available to save lives.  The issue of Oxygen Availability has been the most daunting emergency right now in India.   Traditionally, in India, use of Medical Grade Oxygen through Oxygen Cylinders or Oxygen Tanks installed at Hospitals is the normal practice. In case of household need also in emergency cases, the Oxygen Cylinders used to be the generally workable norm. Slowly for household use, portable Oxygen Concentrators ( a small machine operated by electric or battery, ...
Read more