A Comment on RBI not allowing rupee to strengthen below 59

My Comment on an article "Right level for rupee at 55? RBI may not let it strengthen below 59" published in the Economic Times Dated 31/03/2014 at 10:40 pm. 


"Why Sir, what will be the problem if it pegs down to 56 or 55 per dollar? 

Oil imports will be cheaper for us which is the major import item of our country. We can improve our CAD. 

Our imports are more than exports done by us. So why not let it fall below 59 per dollar?"

A Comment on Spectrum bid bringing money to fill CAD

My comment on an article "Spectrum auction: Bids  worth over Rs.44,600 crores received so far" published in the Economic Times dated 04/02/2014 at 11 pm.


"A good deal. 

Out of Rs.44,600 crore the government can get atleast 12,000 crore immediately which may be of much help to meet the Current Account Deficit that is worrying our economy since long."

A Comment on our Government's efforts to fill Current Account Deficit

My comment on an article "Government picks JPMorgan, Citi, JM Financial to sell $925 million Axis Bank stake" published in the Economic Times Dated 21/01/2014 at 5:28 pm. 


"Let them adopt every means to generate revenue to bridge the gap of CAD. 

9 billion dollars is too big a gap. Even after getting dividend of 3 billion, they still require 6 billion which is very difficult to raise by selling shares. 

But they should try their best to fill the gap."

A Comment on Trade deficit narrowing down during December

 My Comment on an article "December trade deficit narrows to$10.14 billion" published in the Economic Times dated 10/01/2014 at 2:50 pm.


"A good development. But CAD requires to be further brought down to make it zero. 

Many more measures to be taken to uplift economy."