The hottest topic of discussion among all Indians recently has been, the definition of the poverty level in India. It has turned out to be the most debated topic in the country among the political parties. This debate is the result of the recent publication of the definition of poverty level by planning commission of India. The planning commission is chaired by the Prime Minister of the country and is led by Dr. Montek Singh Ahluwalia. According to Indian Planning Commission: those who spend earn more than Rs 33.3 per day in cities and Rs. 27.2 in rural India are above the poverty line. So in monthly income terms, a family of 5 living in cities earning Rs. 5000 per month and a family living in a rural area earning more than Rs. 4000 per month are above the poverty line. What it means is that those families are able to meet all their ends on a daily basis. Well, that is what the planning commission of the country and a commission. Continue reading “Poverty Line in India, a game of fooling the poor”
As we keep our eyes focused on the trend of the depreciating Indian Rupee, there doesn’t seem to be an end to the downfall in the currency of the world’s largest democracy that till recently was also one of the fastest growing economy in the world. Now even the thought of the exchange rate of the Indian rupee against the US Dollar gives me shivers as I can no more be sure of what the rate will be after a few minutes from that moment. Jokes apart, let us see if the falling Rupee is bad for everyone who has to transact with the currency, or are there also some positives to people and organizations.
What is “Depreciating Rupee?”
While I was writing this article, my sister overlooked what I was doing and asked me how can the Rupee depreciate? Continue reading “Depreciating Rupee is a “Beat or Treat” for India”