After the central government on Thursday approved the new rupee symbol, entire nation is cheering it as a new mark in Indian economy, but I am partially agree with this. First, it’s incompatibility with the computer keyboard and mobile phones. I am really surprised by the fact that the learned designer as well as the panelists ignored this most important fact. By ignoring these most important facts in this IT age, it will be difficult for users to inscribe it.
Secondly, if an economy could grow just by designing the currency symbol, many countries would have done this in past. Take the example of USA, Japan, and Britain; people are taking pride of the fact that now we are in elite club of nations like US, Japan and EU countries, but everybody knows that these economies have faced worst last 2 years and they are yet to be recovered. All these nations have their own currency symbols.
The value of rupee in terms of purchasing power in domestic market is reduced almost to 10 paisa or something. One cannot buy anything with a one rupee coin and this is the irony which we have to improve. We have to improve the power of rupee in domestic and international market. Most of our learned economists and industrialists fear that appreciation of rupee will have negative impact on exports, but they do not take into account the fact that India’s import is much higher than its exports.
While unveiling the new symbol the minister said that the new symbol would reflect the strength and robustness of Indian economy. LOL. Food inflation in country is touching a new high every week and prices of essential commodities are sky rocketing. In such scenario we don’t need new symbol for currency but what we need is the tough price control action. Government has decontrolled the petroleum prices but is inactive about towering salaries of OIL PSUs. If government is serious in reducing the loss of oil PSUs it must slash the towering salaries of these white elephants of Indian economy. Will new symbol reduce our external debt? Will it give a boost to exports? Will it improve the balance of trade and balance of payment situation? Will it provide food and shelter to the poor Indians?
Realisitc but as always, mango people can only type on internet and note their views... cannot do any thing further to it. Aam aadmi zindabad (that too with BT seed :))
ReplyDeleteWe are only like photo-copier machine. We take pride when something like foreign happens in our country. Nothing indigenous.
ReplyDeleteWhen in our country someone talks about parrot reading future or astrologer making predictions we take them as superstition, but when spain and germany do it, we discuss it loudly and in positive manner.