INR continues to fall because: there is less demand of INR in the international market (in context of USD/AED).
If you say this out loud, you will be bashed.
But, you need to know this fact:-
Every time INR depreciates by 4% (plus other inflation=6%).
But, your salary does NOT rise proportionally (by at least 10%), you are working your way towards poverty.
A better question to ask is: where will INR be in 5 years?
1 USD= 105 INR
Why? because we run a constant trade deficit. And, our GDP is not growing fast enough.
Some of our biggest firms are unable to export much.
They are Indian businesses selling to Indians; all protected by regulation.
Add to this freebie, statue building and excessive taxation, even foreign investments are drying up.
Why? because FIIs have no compulsion to invest. They have 10 other destinations to invest their money.
“If we get the medal, people say we are champions but if we don't get the medal they forget us as well. I just want to request people to not forget what Vinesh has done for the country.”
A true champion, @Neeraj_chopra1 ❤️
8. Finally, I would like to end by quoting fm the book of our Legend of Legends Abhinav Bindra who after winning the first individual gold medal at the Olympics said that in India’s athletes perform &win medals despite the system and not because of it. It’s sad not true.
(9/9)
अगर आपके पास दो भैंसें हैं तो आपको हर भैंस पे तीस प्रतिशत, उनके दूध पे additional बीस प्रतिशत, दूध से पनीर बनाने पे और additional पंद्रह प्रतिशत, और अगर दूध/पनीर से आपका वज़न बढ़ा तो हर किलो पर पाँच प्रतिशत सेहत cess देना पड़ेगा।
और उसके बाद आपकी एक भैंस वो फिर भी ले जाएँगे।
Pay
- 30% tax on salary
- 4% Health and Education Cess on tax payable
- GST on everything you purchase
If you manage to save something and invest, pay:
- 30% on savings and FDs interest
- 20% on investments under 1 year
- 12.5% on long term
This is the simplest analysis of the union budget presented by @nsitharaman today for the salaried class.
(Received on SM. Kudos to the unknown creator)
So true. Even countries known for corruption are better than us in terms of infrastructure, roads, cleanliness- all boils down to extent of corruption and not size of population! This monsoon has exposed a his government completely! Some would call it karma!