SEARCH

    Language Settings
    Select Website Language

    GDPR Compliance

    We use cookies to ensure you get the best experience on our website. By continuing to use our site, you accept our use of cookies, Privacy Policies, and Terms of Service.

    Breaking: Govt Admits Helplessness as Rupee Slides, Says “Market Will Decide the Fate”

    10 hours ago

    1

    0

    👍 ❤️ 😂 😮 😢 😡

    During the ongoing proceedings in Parliament, the central government openly expressed its inability to control the rapidly falling value of the Indian Rupee against the US Dollar, leaving many observers surprised and concerned. Minister of State for Finance, Pankaj Chaudhary, stated in the House that the value of the Rupee is determined purely by market forces and that the government cannot regulate its range. In what many termed a “shockingly honest” admission, the government made it clear that it has no active mechanism in place to strengthen the Rupee, except to “monitor the situation” in special circumstances. The bigger question, however, remains: what exactly qualifies as a “special circumstance”? Is it when the Rupee crosses 90 against the Dollar? Or only when it touches the century mark? At a time when the Rupee continues to weaken sharply and economic uncertainty looms large, expectations from the government were for strong regulatory intervention or corrective steps. Instead, the response sounded more like a helpless shrug of responsibility. Interestingly, the Finance Minister was present in the House when this response was delivered, sparking further debate over the seriousness of the situation. For many, this response reflects not transparency, but a worrying lack of preparedness.

    Click here to Read More
    • Share:
    Breaking: Goa Nightclub Fire Case: Club Owners Absconding, Police Launch Multi-State Manhunt
    Previous Article
    Breaking: Goa Nightclub Fire Case: Club Owners Absconding, Police Launch Multi-State Manhunt
    Next Article
    Breaking: IndiGo Crisis Enters Sixth Day, Hundreds of Flights Cancelled, Passengers Left Stranded
    Breaking: IndiGo Crisis Enters Sixth Day, Hundreds of Flights Cancelled, Passengers Left Stranded

    Related India News Updates:

    Comments (0)

      Leave a Comment

      Send