FOREX or FOREIGN EXCHANGE RESERVES can be defined as an external assets that is really available to and controlled by monetary authorities for direct financing of external payments imbalances.Nation needs this reserve for following purposes:-
In order to maintain confidence in market and provide the support to the nation;s domestic and exchange rates. So that the nation should be in a position to intervene and support the domestic currency as and when required.
It helps in protecting and minimizing the nation's exteranl vulnerability to the stocks during "crisis situations" and also are able to support the nations in times and increased cost in borrowing.
It should be able to create confidence in market regarding country's ability to meet the external payment obligations.
To back the domestic currency with extended assets.
To help the nation in meeting its foreign exchange needs and external debt obligations.
To maintain reserves for national disaster and natural calamities.
-mrinal
Tuesday, March 2, 2010
NATION'S GROWTH MUST BE INCLUSIVE
For the benefits of the national growth it must be inclusive,Even on Jan'08'09 President Smt.Pratibha patil said that we should improve the life of all citizen particularly the disadvantaged section of our society.
As India is progressing, we must ensure that we adhere to strategy of inclusive growth in all areas of national life.President call upon every one to fight against poverty, illiteracy and diseases.
Delivering social welfare and social justice for our people will be just a tribute to Dr. Bhim Rao Ambedkar.
According to Mr.P.Chindambaram, major initiatives in agriculture, rural industry and urban development and health care promotes it.
Poverty and hunger should be eradicated in India, 1/4 of people (total) are living at $1 per day,
According to data of Rural Employment General Act and Bharat nirman.
8.9% growth rate for past 4 years.
Extreme poverty eradication done in 41.4% subsaharan africa.
Millennium Development goals should be lowering down the % of poverty(i.e.33%)
Increasing education percentage(i.e.60% illiteracy) and above all raising hands to help disadvantaged sections.
-mrinal
As India is progressing, we must ensure that we adhere to strategy of inclusive growth in all areas of national life.President call upon every one to fight against poverty, illiteracy and diseases.
Delivering social welfare and social justice for our people will be just a tribute to Dr. Bhim Rao Ambedkar.
According to Mr.P.Chindambaram, major initiatives in agriculture, rural industry and urban development and health care promotes it.
Poverty and hunger should be eradicated in India, 1/4 of people (total) are living at $1 per day,
According to data of Rural Employment General Act and Bharat nirman.
8.9% growth rate for past 4 years.
Extreme poverty eradication done in 41.4% subsaharan africa.
Millennium Development goals should be lowering down the % of poverty(i.e.33%)
Increasing education percentage(i.e.60% illiteracy) and above all raising hands to help disadvantaged sections.
-mrinal
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