Normal And Abnormal

Present method of fixing international exchange rate may have deficiencies. At least some economists may agree with this statement. For the trading of commodities,  USD is accepted all over the world. That must be the prime reason to have the tendency of dollar always on the upper side. We may now find the prime factors that determine currency value. Inflation is the significant one in this. When price of a commodity rises more currency is needed to purchase the commodity. Therefore, exchange demands more currency. Another factor is interest rate. Whenever inflation takes place the Central Bank raises the interest rate to attract foreign currency and thereby bring down the inflation. Higher interest rate always boost the inflow of foreign currency and thereby enhance the exchange rate of the local currency. Political instability of a country and the country's existing public debt are also major factors influencing in bringing down the exchange rate of the local cur...

According to almost all religious faith, life after death is determined by our doings on earth. That is an individual matter. Different faiths have painted different types of heaven. Though some denote the comfort available there, it may be impossible to speak about the comfort of heaven by man, as no man on earth have narrated about it after experiencing life there. The most reliable explanation about the heaven is given by Jesus Christ. According to John 14:20, "When that day comes, you will learn for yourselves that I am in my Father, you are in me, and I am in you." This verse clearly shows that man will be finally be in confluence with God. God will not receive anything impure. Hence the impure man will get cleansed by Jesus first and then join God. And that is the kingdom of God or heaven. The impurities of man can be cleansed only when he has physical body. According to Christian faith Jesus alone can absorb our impurities. God Himself could not draw the ne...

 We  shall have a quick journey through the capital cities of some selected countries. London Washington DC Moscow Ottawa Paris Tokyo Berlin Canberra Madrid Beijing New Delhi K V George

               (First published on Aug 23, 2022) Indian economy is the fifth largest in the world with the GDP at $2.94 trillion. World Economic Outlook of IMF (April 2021) was projected the GDP per capita of India as $2,191. This makes India on 144th position among 194 countries in GDP (nominal) per capita. Countries with highest GDP per capita are Luxembourg ($1,31,302), Ireland ($1,02,394), Switzerland ($93,515), Norway  ($82,244), USA ($69,375).& Iceland ($68,844) While the per capita income of India remains at 1.7% of Luxembourg and 3.16% of USA, the GDP is at the fifth position. Huge disparity can be found between the GDP and GDP pci of India. While one denotes the economic strength of the country, the other denotes that of the people. After the prime analysis of this any economist may find the reason for this as the large population sharing the big GDP. Since the truth is different, one cannot ratify this  economic...

According to the book, Corruption in India, written by Professor Bibek Debroy and Laveesh Bhandari Rs 921 billion or 1.26% of our GDP is transacted through corruptive means. Corruption in India is not just born overnight. It is prevailing here for long and finally our  billion population have admitted it as part of their life. Even the most poor one while going to a government office for any service carry something in his pocket. Why corruption is rampant in our country? Don't we have adequate laws to prevent corruption? Is there any lenience in those meant for picking the offenders? All these put together must be the reason for the growth of corruption in our country. In fact the successive governments are not taking result oriented measures to prevent corruption in our country. When our generation has totally failed to eradicate corruption from our country let us at least make the way clean for our descendents. A large percentage of poverty in our country, underdevelo...

What are the basic factors of any country that makes them economically strong is nothing other than natural resources available in that country and the people available there to exploit those and put them to use for the betterment of humanity around the world. As far as India is concerned we are rich in these two. But there are some strong forces that pull us back. Though we can easily overcome these, the system that is prevailing here for pretty long time force us to concede to those. It is high time for us to take these two steps. Step one is to fully eliminate corruption from every field. Step two is to raise our literacy to 100%. For that we must raise our standard of education. Minimum qualification for anything in the country should be made graduation. In order to achieve that educational expenses upto graduation, other than specialised subjects should be brought down considerably. As far as corruption is concerned, the existing laws should be rewritten in...