We all know INR is dying as compared to US Dollar, so here are certain steps to help our economy, as every drop counts……. 1.Dont buy gold 27% of our imports consist of Gold. People buy gold and keep them in their lockers. Keep your money in circulation because 1 rupee spent by you today is creating a value of 10 rupees somewhere. 2.Pay taxes If not anything else, PAY YOUR TAXES! Not just Tax Evasion (illegal), even Tax Avoidance(legal) should be avoided. 3.Ask for bills Make others follow point number. General tip: When you eat out and are getting charged Sales Tax & VAT, check if the TIN Number and Sales Tax number is present on the bill. 4.Use less electricity/ Install Solar panels We do not have ample supply of electricity in India. Less usage by you makes more electricity available for farmers and industries. 5.Walk/cycle whenever you can 66% of our imports are for Oil. We cannot produce more oil. All we can do is use less. Less import reduces the Current Account Deficit (CAD) which improves India’s credit ratings. Better credits ratings are essential to attract foreign investment. 6.Do not indulge in corrupt practices The root cause of all evil. Corruption leads to bureaucratic delay and inefficiency which affects growth directly, such as through misallocation of investments in the economy. C. K. Prahalad estimates the lost opportunity caused by corruption, in terms of investment, growth and jobs for India is over US$50 billion a year. 7.Teach under-privileged children By 2021, 64% of population of our country will be in the age group of 15-59 years, which is the usual working age. They will be able to contribute to the society and to the economy, only if they are educated. 8.Start a company. Create jobs! As mentioned above, 64% of our population will be in the working age by 2021. Even if they are educated, it will only increase the burden on our economy if they don’t have jobs. 9.Think before you breed For India, population explosion is actually a curse and is damaging the economy more than it is helping. If possible, adopt children. 10.Don’t let anything (religion or society) oppress women Women are constantly being met by demands from society telling them how to look and how to act. This pressure does not let them unlock their full potential. Let women work whenever/wherever they want and pay them equally to men. 11.Promote Indian tourism India is a beautiful place to travel. Himalayas are much more stunning than the Alps. Andaman beaches are as beautiful as those in Mauritius and Seychelles. Hawa Mahal is as magnificient as the the Colosseum. Eat Amritsari Kulche in Amritsar, Kosha Mangsho in Kolkata, Pesarattu in Vishakhapatnam,Bisi Bele Bath in Mysore, Pyaaz Kachori in Bikaner, Puttu in Kochi, Dahibada Aloodam in Bhubaneshwar, Pitha in Guwahati. India has much to offer then we think. 12.Use your right to vote and use it wisely Every single vote is important. Instead of sulking about the fact that the elected leaders are good for nothing, vote for people who can make a difference. And this time, cast your vote, don’t vote your caste. Elect a leader who is honest, compassionate, bold and secular. 13.Buy and promote locally manufactured goods and services I am not saying follow the principles of Swadeshi but whenever possible, prefer local goods to the imported goods or goods manufactured by foreign companies. Any conversion of rupee to other currencies depreciates the value of INR. Such as buy clothes from Indian brands like Mufti, Numero UNO, Peter England, Flying machine. Buy shoes of red chief instead of woodland. Also, if possible use services of telecomm companies like Reliance, Airtel, idea and of course BSNL and MTNL.
Posted on: Sat, 29 Nov 2014 10:57:27 +0000
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