The Indian currency rupee has broken down completely. Today (May 23, 2012), it sunk to 56.18 against dollar. While the RBI looks hopeless, the Centre looks unperturbed as the people like Montek Singh Ahuluwalia unabashedly says that the nation’s growth rate will be healthy despite existing circumstances.
The moment you will ask him how it will happen, he will disappear. Oh! I understand that we are not supposed to ask tricky questions to the people holding important posts in the government as it might insult them (or bewilder them???). But everyone is vanishing after making big claims about country’s growth in the Centre. Be it a prime minister Manmohan Singh, finance minister Pranab Mukherjee or whomsoever you name.
Dear PM, FM and vice chairman of the Planning Commission, if you are really expert in your field then why we are facing this situation? The rupee should not have been as low as it is now. The time the rupee crossed the 50 mark against dollar, you three should have rung the alarm bell and taken measures to check its further decline. You should also have had alternative measures to quickly replace the failed formulae.
But you didn’t do this because you know you are in power and the public is powerless. That is why when the people like Anna Hazare and others speak of corruption, you people in the power smile and say – ‘there is nothing to be worried, these activists will soon get tired’.
We know you all are politicians, especially Mr PM – you have really graduated yourself as a seasoned politician, congratulations for your progress, but certainly you don’t have right to impose your government’s eccentric ideas on the nation to aggravate its economical condition.
First the price rise, then hike in fuel rates and now all-time low rupee rate against dollar. What else? Are you going to pull the soul from the common man? The country, which was said to be growing at faster pace, much more than China of course and was expected to surpass the USA economy in 2050, is cringing before dollar power right now. The rupee is equally fearful before pound, euro, dinar, dirham and many other currencies of different countries.
Now what? Will you take any step in coming days to improve rupee condition or the country’s downslide is a portent of another recession? If it is true then the people will stop encouraging their children to pursue higher studies in economics or the specific subjects which the people like you have studied and boasted to change the fate of India.
Why don’t you guys simply pack up and leave. Let the others come and assess what they can do for the country. After all, you politicians will enjoy the power only when there would be adequate money in the exchequer, isn’t it?
The moment you will ask him how it will happen, he will disappear. Oh! I understand that we are not supposed to ask tricky questions to the people holding important posts in the government as it might insult them (or bewilder them???). But everyone is vanishing after making big claims about country’s growth in the Centre. Be it a prime minister Manmohan Singh, finance minister Pranab Mukherjee or whomsoever you name.
Dear PM, FM and vice chairman of the Planning Commission, if you are really expert in your field then why we are facing this situation? The rupee should not have been as low as it is now. The time the rupee crossed the 50 mark against dollar, you three should have rung the alarm bell and taken measures to check its further decline. You should also have had alternative measures to quickly replace the failed formulae.
But you didn’t do this because you know you are in power and the public is powerless. That is why when the people like Anna Hazare and others speak of corruption, you people in the power smile and say – ‘there is nothing to be worried, these activists will soon get tired’.
We know you all are politicians, especially Mr PM – you have really graduated yourself as a seasoned politician, congratulations for your progress, but certainly you don’t have right to impose your government’s eccentric ideas on the nation to aggravate its economical condition.
First the price rise, then hike in fuel rates and now all-time low rupee rate against dollar. What else? Are you going to pull the soul from the common man? The country, which was said to be growing at faster pace, much more than China of course and was expected to surpass the USA economy in 2050, is cringing before dollar power right now. The rupee is equally fearful before pound, euro, dinar, dirham and many other currencies of different countries.
Now what? Will you take any step in coming days to improve rupee condition or the country’s downslide is a portent of another recession? If it is true then the people will stop encouraging their children to pursue higher studies in economics or the specific subjects which the people like you have studied and boasted to change the fate of India.
Why don’t you guys simply pack up and leave. Let the others come and assess what they can do for the country. After all, you politicians will enjoy the power only when there would be adequate money in the exchequer, isn’t it?
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