Author: Raoji

The current crisis is much worse than 1991 because this time there’s no Narasimha Rao to bail us out.

— Sunil Rajguru (@sunilrajguru) August 20, 2013

Cartoon

Cartoon:Mujhe Mere Rupee $e Bachaao

Post author By Raoji
Post date August 20, 2013
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Currencies

Sure sign that the Indian Govt is panicking over the Rupee

Post author By Raoji
Post date August 20, 2013
No Comments on Sure sign that the Indian Govt is panicking over the Rupee

The government today banned duty-free import of flat screen TVs by air travellers in a bid to prop up the Indian rupee, which declined to below the 63 level against US dollar.

The government, according to a notification, has decided to “disallow import of flat panel (LCD/LED/Plasma) TVs as part of free baggage allowance” with effect from August 26.

Air travellers currently can bring a flat screen television for personal use without paying any duty.

This would mean air travellers bring in TV as part of the baggage from August 26 would have to pay customs duty.

–from Financial Express