The ministry of Finance of the Government of India had announced an open competition in 2009 to design a currency symbol for Indian Rupee that would represent the cultural and historical ethos of India. Note that Russia has been trying ever since early 1990s to find a brand symbol to its currency Rouble!

Well Mr Minister. Just a few months ago you said India had a bumper stock of Sugar. Did the global warming evaporate even our Sugar stocks?? Or did we export all the bumper stock we had assuming that the globe was cooling down?

“What worries me most about the present credit crunch is that if one of my cheque is returned stamped “insufficient funds”, I won’t know whether that refers to mine or the bank’s” – Anonymous This is what the subprime crisis which has its roots in the US real estate and which is causing a world wide financial ripple is all [...]

Take any currency note and have a look at it. You will find wordings similar to this. “I promise to pay the bearer a sum of….” So what does this mean? It means that the reserve bank of the country (in other words the Government) promises that the person who possesses the currency note (i.e the bearer) will be eligible [...]

Indians Only Please OK, now continue July 31 is the last date I think to file the Tax returns in India this year Well, now you can file these IT (Income Tax) returns online. It is VERY EASY, I just did it for myself, VERY SIMPLE STEPS and your returns can be filed and acknowledgment received all just by few [...]

The wait is over, the government of India has finally awaken from all its political compulsions and saw that the global oil prices have increased a lot, that the oil companies in the country are making a huge loss, and hence has decided to increase the fuel prices effective from 5 June. Petrol has increased by Rs. 5 per litre, [...]

USA – A country where even to go to a nearby shopping mall which is just a stone’s throw away, you take out your private vehicle! A country whose public transport system is pathetic and owning a car is a necessity, not a luxury! A country where petroleum is taken to be granted, and has always to be very cheap, [...]

Look at the rate of rising IT salaries in India. In 2006 there was a salary rise of 14.4%. In 2007 it was 15.1%, the forecast for 2008 is 15.2%. More importantly, this is the fifth consecutive year of a salary rise of above 10%! Going at this rate, and considering the weakening US dollar against Indian Rupee, considering an [...]

When I wrote about a Stronger Rupee in mid 2007, some opposed an appreciating rupee – a rupee that was getting stronger against US dollar. Why? Because Stronger Rupee hurts exports. For instance, IT companies which used to get 44 rupees per every dollar they earned, now get only 39 rupees per dollar. This is because Rupee is becoming stronger [...]

India Inc continues to be on a shopping spree , with the Tata Group leading the race. After their $12 billion acquisition of the Anglo-Dutch steelmaker Corus early this year to create one of the world’s largest steel company, the Tata automobiles are now eying to acquire the Jaguar and Land Rover brands from Ford in a deal worth about [...]

I was always wondering how come China gets so much more FDI than India? FDI or Foreign Direct Investment is the money invested in a country by foreign companies. Foreign companies might invest money in another country either to expand their existing facilities there, or to acquire/merge with existing companies there or to start new branches there. For instance Hyundai [...]

In one of the India Rising documentaries, narrated by the top Indian Mega Star Amitabh Bachhan , a line goes as follows: This is An India that no longer boycotts the foreign made goods, but instead buys out the companies that make them ! Yes, the Indian companies are on a shopping spree across the globe, buying out and acquiring [...]

The Success Recently I had been to forum mall to buy few blank DVDs as I wanted to back up some of the data in my computer.. As usual I asked for the Moser Baer DVDs, and the store guys informed me that they didn’t have stock of that brand, and offered me to buy DVD from other companies.. I [...]

Let me ask a question first. What type of economic strength is preferable to India? A) A strong Indian economy fueled by its cheap labor due to a weaker rupee against dollar, where the Indians end up working in shifts, late nights, whole nights and what not only doing low profile jobs which foreign companies want to offload to India, [...]

Cheap, yet expensive! HOW? You want to gift a toy to your kid and go to a Toy shop. You see two similar toys manufactured by two companies One is Made in some X country and is costly.. The other is Made in China and is cheaper.. You follow your common sense(!) and decide to buy the cheaper Chinese toy [...]

The video below speaks for itself !