Indian Currency and Internal Emergency : The devaluation of rupee in the international market and the price rise of Gold warrants an Internal Emergency action.Internal Emergency cannot be imposed as it will make the Govt. unpopular. Other actions can be taken .I consider hoarding is the cause. Traders hoarded gold and dollars when they were cheaper and now they are not selling unless price expectations are met.Is a group doing it to make money or to tarnish the image of Govt? As Emergency Action , The NSE and BSE should be immediately intervened. Future/Option trading, Gold bullionand foreign currency trading should also be stopped for a unlimited time. The PM and FM should immediately use CBI/ Revenue Intelligence to investigate into the matter. It should not be seen as a situation created by global recession only!The conspiracy and criminality angle should also be examined.
Posted on: Thu, 29 Aug 2013 05:31:40 +0000