that is a different point.
the point I am highlighting here is that devaluation has helped exports as intended.
no my friend...
Lets say I am selling a good for Rs100. When $1=Rs100, I can offer a price of $1 to my international buyer.
Now exchange rate devalues to $1=Rs140. I can now sell...
I doubt that. Export industry's revenue has increased by 24%. Even if we adjust this for inflation (8%?), this increase will still be around 16% in real terms.
But if you are concerned about non-export sectors then yes I agree. Those sectors are worse off.
However, exchange rate devaluation is...
The dollar value of exports has increased by a small amount. So the contribution of exports towards decreasing trade deficit has been marginal. Most of adjustment in trade deficit has come from imports due to various factors.
But this is answering a different question which is: has exchange...
I keep listening to TV Analysts saying that exchange rate devaluation has not increased exports.... This is TOTALLY wrong!
The quantity of exports has increased significantly during the first six months of fiscal year 2019 compared to similar period last year. This is true especially for...
these are called speculative attacks.... they happen at the time when market believes that the government cannot or will not defend the value of currency at the current rate...
this can happen because of government accepting to IMF terms... or the state bank showing its willingness to let rupee...
i think he has done few things for exports which are worth appreciating:
1) decreasing energy prices to regional levels
2) letting rupee devalue
3) promissory notes against refunds to help ease financial constraints
4) decreasing duties on raw material imports
all this is costly stuff. but it...
you are right. it has to be bridged via the capital account. that is where "roaming around the world to borrow dollars" shows up lol
if you ask me I think the government is focusing on the right things as far as promoting exports and FDI is concerned. but only time will tell...
need to realise that rupee is loosing its value because we have large current account deficit. there is nothing which the government can do to stop this from happening. the only way the government can stop this is if they start using their reserves to protect the currency. but this is again not...
the solution lies in simplification of tax laws.... this is the only way to make it easier for the tax collector to collect the right amount and also for senior officials to monitor the whole process... let me explain why
Imagine that you are a tax collector. You go to a shop and want to...
i dont know too much but i think low orbit stuff is besides the point... what matters is that you have achieved something which you guys can build on as time progresses
I think it is quite an achievement on India's part. One can argue about the quality (low orbit etc) but it is an achievement nonetheless.
Congrats Indian members :) I am sure you guys are feeling proud!
what nonsense...
The author is forgetting that an IAF MiG-21 shot down PAF F-16 and then crashed only due to a technical glitch. Not to forget that PAF missed all her targets in IoK and ran away after seeing quick IAF response!
IAF doesn't need all this...
calm down guys... it is just an article
Khurram Husain writes good articles but I often find him too harsh when it comes to Asad Umar. One doesnt have to believe everything.
Chill!
the problem is that we have INTENTIONALLY slowed down the economy by increasing interest rates and cutting PSDP. Why? Because that is the only way to contain current account deficit (by decreasing demand for imports).
so in a way what Asad Umar has said is correct. These policies have achieved...
I think you did not even go to the link? It is your government's official claim. Supposedly they have the 'electronic evidence' to prove this claim.
You missed the point. Parts of R-73 and R-77 missiles were found with the wreckage meaning none of the missiles were fired. (edit: I have noticed...
You are obviously free to deny the veracity of these pictures without providing any proof that they are indeed manufactured. It is convenient to discard what each side claims as their 'facts'
My statement was in the context of what India is claiming...
interesting... what do you make of the evidence that all of the BVR and WVR seekers on Abhinandan's plane are intact and can be seen in pictures below:
The Indian story that Abhinandan shot down an F-16 has no merit after this.
why all the fuss about AMRAAMS and F-16s when, as per India's claim, Pakistan lost the air battle on this fateful day?
Is the "Chowkidar Narendra Modi" having nightmares?