India, as an developing country had the greater chance of improvement financially but it has been hit low against the US dollars. it again falls from the standard. It’s level should be increased. if it goes in this way this act will affects the nation indirectly. Financially it hits the nation and hard to restore from the loss. Indian Government and citizens are responsible of this problem. Value of India currency should increased it has the lot of disadvantages in the Indian citizen working in foreign countries.
“Indian citizen in foreign”
Most of the people from India had been migrants to foreign countries to support their families financial supply. Some are taken to foreign by putting bonds. Those Indian citizen will been payed according to the Indian currency. Of the rate is reduced and the prize had been drawn down. Their income will be affected directly. Most of the Indian citizen are travelled to foreign to avoid the transmission. Their 8ncome will be transferred to their families in India. So Reserve Bank of India will convert their dollars to Rupees. automatically their income is slow compared to their had payed.
To overcome the lockdown, RBI provides many protective measures by increasing the exports and imports to overcome financial crises. RBI had announced many worthy ideas to support banks and all sectors of economy to over come ongoing adverse impact of covid-19. pandemic covid-19 ia going to continue after three months, in such cases bank will take a responsibility for the economy crises of India. Covid-19 had put a world to struggle to the greater extent. It mainly affects the economic development of the country.
RBI is trying to arrest a potential breakdown caused by corona viruse. so, RBI had announced a cut the leading rate for three months, which affect the country directly and indirectly. They announced instalments on term loans for three months. RBI, Governor Shaktikanta Das announced to cut the policy rate, which cause many economical issues. Indian will get the favour from the government. But the citizens from India who are working in foreign countries are indirectly affected.
It hits the nation and hard to restore from the loss. Indian Government and citizens are responsible of this problem. Value of India currency should increased it has the lot of disadvantages in the Indian citizen working in foreign countries.
Though their are financial crises, India is struggling to overcome the same situation, during this time it has been affected in another way. So, the financial standard of living should be increased. They was the tax problem in India. Now it had been completely serviced again. This is the against humanity. As, they are earning more than ₹50000, they must be the savings for future. Some loans and other savings are put in the other properties. But it’s inhuman, They may be spent on their children education. somehow they earnings are spend. Though they are working hard to earn, it is gone without staying in hand.
India will become as the developed country during 2020, which was said by A.P.J. Abdul Kalam. He had the faith on future generation and the power of youngsters. The youngsters will prove them selves in every aspect and there will work of nation by obeying the rules and regulations lead by the government. He said this in 2015. But Now we are in 2020. But there is no development in the individual. There are against the government. The youngsters are the backbone of nation. This must be taken into consideration by the youngsters.