A must watch!
*www.youtube.com/watch?v=yQdrebTcuhM
suspected some of it was nonsense, but confirmed it only recently
participatory notes, black money being siphoned out are not the major reason for rupee depreciation
Subramaniam Swamy said he would outline a plan to get it back, he didnt
releasing 20 billion dollars into the market (to make Rs. 25 to a $) wont help, dont think we have that much to spare, and even if we do, it will get absorbed within six months and things will come back to the status quo
the money is gonna go straight to imports from china anyway, which is part of the problem
we dont have any manufacturing or production going on, on both micro and macro scale. in fact, such units are shutting down because of aggressive competition from china and other imports. till that happens, the rupee will continue to depreciate
farming round the clock and round the year may spoil our agricultural land. has happened before, post green revolution, using high yield seeds and fertilizers aggressively rendered the land useless for cultivating anything... leaving it barren.