4 reasons why India’s growing forex heap may be a problem
Top Searches
4 reasons why India’s growing forex heap may be a problem
Ajit Ranade / TNN / Updated: Jun 15, 2021, 09:04 IST
FacebookTwitterLinkedinEMail
NEW DELHI: India’s foreign exchange stock has touched $600 billion – fourth highest in the world, ahead of Russia. That heap of dollars gives us macroeconomic stability. We now have enough to pay for 18 months of imports, whereas back in the crisis year of 1991 we didn’t have enough forex for two weeks.
At the very least we need foreign exchange to pay for importing crude oil, the lifeline of transport and logistics. We are also import-dependent for a variety of items, including vaccine supplies, steel and auto components. Is there a downside to having a large war chest of dollars? It’s complicated, but yes, there are downsides. First, some good news though.
Pink Floyd s Muse Iggy The Inuit Was Reportedly From The Hills Of Mizoram
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Iggy The Inuit Who Was Muse For Iconic Rock Band Pink Floyd Had Mizo Roots
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Wednesday, June 9, 2021
There have been many band feuds over the years, now David Gilmour has quashed any rumours that he might make piece with Roger Waters over their infamous Pink Floyd feud.
It had been asked whether they might make up over a planned reissue of Pink Floyd’s
Animals.
hadn’t come out.
Waters revealed that he and Gilmour are at odds over the inclusion of liner notes by Mark Blake on the re-release, stating “Gilmour has vetoed the release of the album unless these liner notes are removed.”
“This is a small part of an ongoing campaign by the Gilmour/Samson camp to claim more credit for Dave on the work he did in Pink Floyd, 1967-1985, than is his due,” Waters stated.