Few days back I predicted that soon one dollar would become equal to 50 rupees. Just after one week, my prediction became correct. Now one US dollar is around 50 rupees. Now I think it is right time to tell you the history of Indian currency, rupee. The origin of the word “rupee” is found in the Sanskrit word rup or rupyah, which means “wrought silver,” originally “something provided with an image, a coin,” from rupah “shape, likeness, image.” Before independence, India was a land of hundreds of princely states. They used to run their own coins and currency notes.
After Independence in 1947, the Indian government brought out the new design Re. 1 note in 1949. The Lion Capital of Asoka was used for the design of that note.
Devaluation of Rupee started in 1960s due to war with China and Pakistan, large government budget deficits and drought there was problem of inflation in India. There was sharp rise in prices. So Indian Government was forced to start some liberal policies to stabilize the economy which finally resulted into huge devaluation of Rupee.
During mid eighties, India started having balance of payments problems and by the end of 1990, India was in serious economic trouble. Our foreign exchange reserves had dried up to the point that India could barely finance three weeks’ worth of imports. Once again, the government decided to devaluate the Rupee. By the start of 21st century, the Rupee stopped declining and stabilized at 45. However in mid-2007, the rupee started gaining strength one dollar came below 40 Rupees. Now again due to recent economic crisis in world economy, one dollar has started touching the historical figure of 50 Rupees.
Through this post I am sharing the most viewed YouTube video in India. This video is on Tsunami. A tsunami is a series of waves created when a body of water, such as an ocean, is rapidly displaced. The effects of a tsunami can be devastating due to the immense volumes of water and energy involved. Check out the effect of tsunami in this video.
I am not joking. It is now possible to get a free laptop in India. Just you need to get an internet connection. Reliance Communication has launched a nice plan for internet users. Just subscribe to their net connection for Rs 1500 every month only and get a free laptop. Moreover, there will not be any hidden cost. You will have to pay this amount only for two years and the laptop will be yours. For giving free laptop to its internet users, Reliance Communications has done strategic agreement with five leading laptop manufacturers of India - HCL, Intel, Acer, Asus and Lenovo. According to company’s spokesperson more details regarding availability, schemes and pricing are expected to be released shortly.
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The growth of Internet services in India is one of the key visions of Reliance Communications. The next phase of growth of Internet penetration in the country is linked to the growth in PC and Laptop penetration offering an opportunity to empower all Indians by making the overall cost of Internet access more affordable,” said Mahesh Prasad, President - Reliance Communications.
Reliance NetConnect is India’s one of the leading wireless internet service providers,with over One Million customers, available across 20,000 towns and 4.5 lakh Indian villages. I am very happy with this new plan of Reliance, this will definitely boost the growth of internet users in India.
Few days back I got a phone call from my friend and he told me that he lost 300,000 Rupees in share market in last one month. I said to him don’t worry, see top 10 Indian business tycoons, they have lost 139 billion US dollars. All these losses whether for small investors like my friend and giants like Mukesh, Anil, K. P Singh etc is due to recent economic crisis or better say economic depression. According to Economic Times, this amount is equivalent to around 16% of India’s gross domestic product(GDP) and more than the combined GDP of Uttar Pradesh and Maharashtra. Actually, India’s top billionaires have lost more than 60% of their wealth since January 2008.
Now India’s top 10 business houses are now worth $84 billion (Rs 4.1 lakh crore) compared with $223 billion (over Rs 10 lakh crore) in January 2008.
So who all are biggest losers?
* Anil Ambani’s total wealth is now worth $12.9 billion against $45.1 billion in January this year. * Mukesh lost 54% of his money. * Unitech’s Ramesh Chandra lost 85%. * DLF’s chief K. P Singh has now only $ 9 billion against $35 in January 2008. * Bharti Airtel’s Sunil Mittal lost 31% money.
If you have already invested in share market, mutual funds etc and lost a good amount of money then these figures will give you some relief and you will start thinking that you are the only loser.
Zaheer Khan made short work of the Australian tail as India secured a 320-run victory in the second Test of the series.
Left-arm paceman Zaheer claimed three wickets in his first two overs as Australia crashed from 141 for five overnight to 144 for eight.
Leg-spinner Amit Mishra completed the rout by picking up the last two wickets as Australia, chasing a target of 516 for an improbable win, were eventually bowled out for 195.
Zaheer ended a blossoming partnership between Brad Haddin and Michael Clarke by bowling Haddin with the last ball of his first over.
Just one run was added to their sixth wicket stand, already worth 83 overnight, when Haddin was bowled by one which came back slightly off the pitch.
Haddin failed to add to his overnight score of 37.
Zaheer struck twice again off consecutive deliveries in his second over, first removing Cameron White (one) and then Brett Lee (zero).
White traded flash for prudence, slashing at an away going delivery and only edging to wicketkeeper Mahendra Singh Dhoni.
Lee was done in by one which moved slightly off the seam, knocking back off stump as the tailender shaped to defend.
"Especially at one time in the first innings, they [Australia] were 22 from 13 overs. I said to Rahul [Dravid], 'Look at the board, we won't see that again'"
Mahendra Singh Dhoni
Mitchell Johnson saved the hat-trick by playing forward and defending solidly.
He briefly held up India's charge, putting on 50 runs with Clarke for the ninth wicket and in the process showing runs could still be had from the fifth day's pitch.
He struck four boundaries in his 26 before offering a simple return catch to leg spinner Amit Mishra.
Clarke, meanwhile, reached his ninth half-century, getting past the mark by scampering through for a couple of runs courtesy of a mis-field in the covers. He was the last man out attempting to pull Mishra through midwicket where Sehwag pulled off a smart catch to bring up India's biggest victory over the World Champions in terms of runs.
Is this THE BEGINNING OF THE END of the Ausies dominance in cricket?
Yesterday Britain’s Queen Elizabeth II with her husband the Duke of Edinburgh visited Google’s London headquarters where she uploaded a video clip to YouTube for the first time. Yesterday Queen The video contains footage from a reception held at Buckingham Palace for returning Olympians in 1968. She also had face-to-face meeting with daveyboyz, aka David Bass, and U.K. YouTube superstars Peter Oakley and Lauren Luke. Google European President Nikesh Arora headed up a group of 50 staff and senior management greeted the queen in Google office. The British Queen also saw the demonstration of the Google search engine, a tour of Google Earth, and participated on a talk on Google advertising and its contribution to U.K. industry.
This is the video clip which was uploaded by Queen.
Today one dollar is equal to 48.8 rupees. Very soon it will become 50 rupees. Then it will be very easy for Indian bloggers to calculate their income in Indian Rupees. Do you know why it is happening? Before writing this post, I also have not much idea on this point but I searched many finance related websites on Google and get the reasons behind this depreciation of Rupee against dollar. These days there has been increased demand for dollars due to a spurt in oil prices.
As a result of this foriegn exchange is flowing from India. Another main reason is that foreign investors sold more Indian shares than they bought. The recent downfall in Indian share markets also added more flavor to this issue. What has happened to growing Indian economy? Depreciation in Rupee, decreasing sensex, layoffs in big companies. I am worried, what about you?
A look at the top 10 leading run-scorers in Test cricket after Sachin Tendulkar went past Brian Lara’s record on Friday.
Tendulkar, who now has four world records, not only went past the West Indies legend but took it a step further as he crossed the 12,000-run mark.
The top ten list is dominated by India and Australia with three players each, while West Indies, South Africa, England and Pakistan are represented by a player each.
This is my biggest milestone: Sachin
Sachin Tendulkar Friday said that going past 12,000 runs in Test cricket was the "biggest milestone" in his career. "It has taken me 19 years to get here, it cannot happen overnight. In the journey there have been ups and down. It is a process of success and failures and during this time stones have been thrown at you and you have to turn them into milestone," he said after being felicitated by the BCCI at the close of the first day's play of the second Test against Australia at Mohali.
The stadium erupted in celebrations once Tendulkar reached 15 in his innings of 88 as he went past Brian Lara's record to become the top run-getter in Tests. Sachin, however, said he was not that excited and wanted to carry on with the game.
"I was not that excited to be honest, the focus was on continuing the game and not lose my concentration. Sourav (Ganguly) and I decided that we had to concentrate and make a big partnership."
Tendulkar and Ganguly put on a 142-run stand after India were reduced to 174 for four at tea after getting off to a flying start.
The Mumbai Bomber, who was dismissed for 88, said he was disappointed at losing his wicket at that stage.
"It was disappointing that I got out as the role was to stay there and get a big knock. There was a lack of footwork, I was a fraction late to judge the new ball."
Even though he would have preferred to have his record come earlier, he was happy to have got to the record against a top side like Australia.
"I would have preferred to get my record earlier, but I am happy it has come at the right time. And australia are a top side and I am happy to get it against them," he said.
Asked whether he felt butterflies in the stomach as he approached the milestone, he said: "I was okay. I was trying to concentrate on my game but everyone was reminding me of the record."
Did he rue missing out on the record in Bangalore?
"No," pat came the reply. Tendulkar said the important thing on day five of the first Test was to save the game.
"I thought the most important thing was to save the Test match. We lost a couple of early wickets and then we had some decemt partnership. By the time I got out (on 49), I knew I had done my job and was relieved. I told myself that the record will come sometime."
Tendulkar said there was no special preparation for getting the record. "I decided to keep it simple and keep watching the ball."
Hmmm... bout me...
am a straight 4ward practical guy wud do wat ever i think(hop i never get in2 bad ideas) n hardly gets in2 others words.... vl do nythin 4 ma dignity n never wanna let it down.. vl try ma best 2 do my fullest 2 ma friens.. mainly never like n likes 2 b betrayed! vl luv 2 hav fun.. n pals try 2 adjus wit me if u can.... lolz...
