Indian Rupee Quotes

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Srinagar is a medieval city dying in a modern war. It is empty streets, locked shops, angry soldiers and boys with stones. It is several thousand military bunkers, four golf courses, and three book-shops. It is wily politicians repeating their lies about war and peace to television cameras and small crowds gathered by the promise of an elusive job or a daily fee of a few hundred rupees. It is stopping at sidewalks and traffic lights when the convoys of rulers and their patrons in armored cars, secured by machine guns, rumble on broken roads. It is staring back or looking away, resigned. Srinagar is never winning and never being defeated.
Basharat Peer (Curfewed Night)
The Great Socialist himself is said to have embezzled one billion rupees from the Darkness, and transferred that money into a bank account in a small, beautiful country in Europe full of white people and black money.
Aravind Adiga (The White Tiger)
Every day, on the roads of Delhi, some chauffeur is driving an empty car with a black suitcase sitting on the backseat. Inside that suitcase is a million, two million rupees; more money than that chauffeur will see in his lifetime. If he took the money he could go to America, Australia, anywhere, and start a new life. He could go inside the five-star hotels he has dreamed about all his life and only seen from the outside. He could take his family to Goa, to England. Yet he takes that black suitcase where his master wants. He puts it down where he is meant to, and never touches a rupee. Why? "Because Indians are the world's most honest people, like the prime minister's booklet will inform you? No. It's because 99.9 percent of us are caught in the Rooster Coop just like those poor guys in the poultry market.
Aravind Adiga
So dominant did the Indians become over vast regions of East Africa that the rupee became the prevailing currency in much of that region.
Thomas Sowell (Conquests And Cultures: An International History)
Opening lines of The Great Indian Novel narrated as a modern day MahaBharata. They tell me India is an underdeveloped country. They attend seminars, appear on television, even come to see me, creasing their eight-hundred-rupee suits and clutching their moulded plastic briefcases, to announce in tones of infinite understanding that India has yet to develop. Stuff and nonsense, of course. “These are the kind of fellows who couldn’t tell their kundalini from a decomposing earthworm, and I don’t hesitate to tell them so. I tell them they have no knowledge of history and even less of their own heritage. I tell them that if they would only read the Mahabarata and the Ramayana, study the Golden Ages of the Mauryas and the Guptas and even of those Muslim chaps the Mughals, they would realize that India in not an underdeveloped country but a highly developed country in an advanced stage of decay.” They laugh about me pityingly and shift from one foot to the other, unable to conceal their impatience, and I tell them that, in fact, everything in India in over-developed, particularly the social structure, the bureaucracy, the political process, the financial system, the university network and, for that matter, the women. Cantankerous old man, I them thinking, as they make their several exists
Shashi Tharoor
Mahatma Gandhi’s reading of the Vedas caused him to envision independent India as a collection of self-sufficient agrarian communities, each spinning its own khadi cloths, exporting little and importing even less. The most famous photograph of him shows him spinning cotton with his own hands, and he made the humble spinning wheel the symbol of the Indian nationalist movement.1 Yet this Arcadian vision was simply incompatible with the realities of modern economics, and hence not much has remained of it save for Gandhi’s radiant image on billions of rupee notes.
Yuval Noah Harari (21 Lessons for the 21st Century)
We entered the Taj Mahal, the most romantic place on the planet, and possibly the most beautiful building on earth. We ate curry with our driver in a Delhi street café late at night and had the best chicken tikka I’ve ever tasted in an Agra restaurant. After the madness of Delhi, we were astonished that Agra could be even more mental. And we loved it. We marvelled at the architecture of the Red Fort, where Shah Jahan spent the last three years of his life, imprisoned and staring across at the Taj Mahal, the tomb of his favourite wife. We spent two days in a village constructed specifically for tiger safaris, although I didn’t see a tiger, my wife and son were more fortunate. We noticed in Mussoorie, 230 miles from the Tibetan border, evidence of Tibetan features in the faces of the Indians, and we paid just 770 rupees for the three of us to eat heartily in a Tibetan restaurant. Walking along the road accompanied by a cow became as common place as seeing a whole family of four without crash helmets on a motorcycle, a car going around a roundabout the wrong way, and cars approaching towards us on the wrong side of a duel carriageway. India has no traffic rules it seems.
Karl Wiggins (Wrong Planet - Searching for your Tribe)
Inflation and Investment We the Indians are becoming stronger. Not long time back we required at least two strong young men to carry groceries worth Rs 200. But times change. Now a five year old boy can effortlessly carry items worth same two hundred rupees.
Chellamuthu Kuppusamy (The Science of Stock Market Investment - Practical Guide to Intelligent Investors)
Goods and cash worth crores of rupees lie buried to my knowledge in the palace of my late father-in-law (Qamruddin) besides heaps of gold and silver stored inside the ceiling. Complete disagreement exists among the emperor, his wazirs and nobles. If you invade India this time, the Indian Empire with all its riches of crores will fall into your hands.
Rajmohan Gandhi (Punjab)
The manipulation of currency, throughout a feature of the colonial enterprise, reached its worst during the Great Depression of 1929–30, when Indian farmers (like those in the North American prairies) grew their grain but discovered no one could afford to buy it. Agricultural prices collapsed, but British tax demands did not; and cruelly, the British decided to restrict India’s money supply, fearing that the devaluation of Indian currency would cause losses to the British from a corresponding decline in the sterling value of their assets in India. So Britain insisted that the Indian rupee stay fixed at 1 shilling sixpence, and obliged the Indian government to take notes and coins out of circulation to keep the exchange rate high. The total amount of cash in circulation in the Indian economy fell from some 5 billion rupees in 1929 to 4 billion in 1930 and as low as 3 billion in 1938. Indians starved but their currency stayed high, and the value of British assets in India was protected.
Shashi Tharoor (Inglorious Empire: What the British Did to India)
In 2011, the NASSCOM team introduced me to Aloke Bajpai, who, like others on his young team, cut his teeth working for Western technology companies but returned to India on a bet that he could start something—he just didn’t know what. The result was, a travel search service that can run on the cheapest cell phones and helps Indians book the lowest-cost fares, whether it is a farmer who wants to go by bus or train for a few rupees from Chennai to Bangalore or a millionaire who wants to go by plane to Paris. Ixigo is today the biggest travel search platform in India, with millions of users. To build it, Bajpai leveraged the supernova, using free open-source software, Skype, and cloud-based office tools such as Google Apps and social media marketing on Facebook. They “enabled us to grow so much faster with no money,” he told me. It
Thomas L. Friedman (Thank You for Being Late: An Optimist's Guide to Thriving in the Age of Accelerations)
Leaving a position (like export or imports) unhedged is risky and can cause forex losses. Astral paid the price in FY09, when a 33 per cent depreciation in the Indian rupee left the firm with a forex loss of Rs 7.7 crore, wiping off 40 per cent of its profit before tax (PBT). Astral’s stock price declined by 84 per cent in March 2009 due to these losses, compared to its peak in January 2008. Finally,
Saurabh Mukherjea (The Unusual Billionaires)
As is the way of India, where things take decades to get started, the first official proposal to have a central bank came in 1913. Austen Chamberlain, a politician, was asked to analyse the gold exchange standard, which was used to maintain the exchange rate of the rupee at one shilling four pence. His commission contained no Indians but it did have John Maynard Keynes. The commission’s report was highly critical of the way things had been run till then, not because Indians were at the receiving end but because the British were not getting the best of it. It
T.C.A. Srinivasa Raghavan (A Crown of Thorns: The Governors of the RBI)
The average poverty line in the fifty countries where most of the poor live is 16 Indian rupees per person per day. 2 People who live on less than that are considered to be poor by the government of their own countries. At the current exchange rate, 16 rupees corresponds to 36 U.S. cents. But because prices are lower in most developing countries, if the poor actually bought the things they do at U.S. prices, they would need to spend more—99 cents. So to imagine the lives of the poor, you have to imagine having to live in Miami or Modesto with 99 cents per day for almost all your everyday needs (excluding housing). It is not easy—in India, for example, the equivalent amount would buy you fifteen smallish bananas, or about 3 pounds of low- quality rice. Can one live on that? And yet, around the world, in 2005, 865 million people (13 percent of the world’s population) did.
Abhijit V. Banerjee (Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty)
We the Indians are becoming stronger. Not long time back we required at least two strong young men to carry groceries worth Rs 200. But times change. Now a five year old boy can effortlessly carry items worth same two hundred rupees.
Chellamuthu Kuppusamy (The Science of Stock Market Investment - Practical Guide to Intelligent Investors)
Loans NRIs can give loans to resident Indians on a repatriable or non-repatriable basis. NRIs can also receive loans from residents. Loan from NRIs in foreign currency or on a repatriable basis A resident Indian can borrow up to US dollars 250,000 from NRI close relatives on a repatriation basis i.e. on repayment, the NRI can credit the funds in an NRE account and take this money back without any restrictions. The NRI should be a close relative of the borrower. Please check ‘Who is your relative’ for details. The amount of loan should be received by an inward remittance or by debit to the NRE/FCNR account. The loan should be a minimum of 1 year and without any interest. The funds cannot be used for agricultural/plantation/real estate business or for relending. Income: As the loan should be interest-free, no income can be generated. Taxability: As there is no income, there is no tax. Loan from NRIs in Indian rupees or on a non-repatriable basis A resident, not being a company incorporated in India, may borrow in rupees from an NRI on a non- repatriation basis. The period of loan should be 3 years or less and the rate of interest should not exceed 2% over the prevailing bank rate at the time of the loan. The loan has to be utilized for meeting the borrower’s personal requirement or for his business purposes. The funds cannot be used for agricultural/plantation/real estate business or for relending or for investment in shares, securities or immovable property. For example, Ms. Isumati has given an unsecured loan to her father’s firm earning 15% interest. If she goes to the UK for further studies and becomes an NRI, while she may continue with the loan, RBI rules would apply. The funds cannot be used for real estate business and if the bank rate is 10%, she cannot be paid more than 12% interest on her loan. Her father would also need to deduct TDS @ 30.9% on the interest. Income: Income from loans given to residents is interest. Taxability: The interest income on loans given is taxable for NRIs. Loans to NRIs NRIs are allowed to borrow from a bank/authorized
Jigar Patel (NRI Investments and Taxation: A Small Guide for Big Gains)
The Indian government spent millions of rupees annually developing housing and job opportunities in villages heavily inhabited by untouchables. Moreover, the prime minister said, if two applicants compete for entrance into a college or university, one of the applicants being an untouchable and the other of high caste, the school is required to accept the untouchable. Professor Lawrence Reddick, who was with me during the interview, asked: “But isn’t that discrimination?” “Well, it may be,” the prime minister answered. “But this is our way of atoning for the centuries of injustices we have inflicted upon these people.
Martin Luther King Jr. (The Autobiography of Martin Luther King, Jr.)