JP Morgan's Chief India Economist, Sajjid Chinoy says- "Weaker rupee isn’t weak economy, it’s strategic.
Calibrated depreciation boosts exports, protects local manufacturers, offsets US tariffs & shields from China’s dumping"
Interestingly, RBI also isn't worried about weakening rupee nor is selling USD to control it. Instead, RBI is more interested in building Gold Reserves & that speaks volumes. Also to be noted that majority BRICS nations are having trade settlements in bilateral currencies bypassing USD.
This is not a scene from any movie but it is real. Gujarat Police Officer Vasamsetty Ravi Teja , I.P.S. has been transferred from Junagadh to Gandhinagar. The entire city and department came out on the road to bid him farewell.
He hails from Amalapuram in Andhra Pradesh. He is
Just 5 years ago, who would’ve imagined Kashmiris living without curfew, terror, security forces and checkpoints every 20 meters - that too on Independence Day. Honestly I never believed I’d see this in my lifetime. Nothing short of a miracle
A few days ago, I conducted a 100-piece British orchestra, The Royal Philharmonic Orchestra to perform India’s National Anthem at the legendary Abbey Road Studios, London. This is the largest orchestra ever to record India's National Anthem and it is spectacular! The "Jaya He" at the end gave me goosebumps. Felt great as an Indian composer :-)
I am sharing this historic recording with every one of you this Independence Day - use it, share it, watch it, but with respect :-) It is yours now. Jai Hind.
Happy #independenceday #Rickykej
@narendramodi