Expert Register

  • Why does selling of USD by the RBI strengthen the rupee?

    Raised on Feb. 6, 2017, 11:13 a.m.
    Jaidev Goswami

    To stop the fall, RBI usually buys the Indian Rupee by selling USD. So it will create demand for rupee which will lead to strengthening of Rupee.

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  • What is the most serious economic problem that the Indian economy is facing today?

    Raised on Feb. 6, 2017, 11:11 a.m.
    Jaidev Goswami

    To quote a few: Low Economic Growth, Black Money, low expenditure on R&D, etc

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  • Is it better to invest in ELSS than PPF, considering a long term horizon?

    Raised on Feb. 6, 2017, 11:07 a.m.
    Jaidev Goswami

    ELSS and PPF are two completely different products. The reason one tends to compare is because the two are part of the same tax saving section of the income tax act, 1961.

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  • Why doesn't the Modi government bring back black money??

    Raised on Feb. 3, 2017, 6:44 p.m.
    Jaidev Goswami

    "The Modi government hasn't failed on its promise to bring back black money. The black money cannot be brought back to the country overnight as it is very difficult to first track the black money and then comply with the country where the money or assests are allegedly stashed. The Modi government hasn't failed on its promise to bring back black money. The black money cannot be brought back to the country overnight as it is very difficult to first track the black money and then comply with the country where the money or assests are allegedly stashed. Also the government has signed various agreements namely FTCAA and MCAA which in combination with Black Money Act,2015 forms a formidable system aimed at curbing black money and irregularities involving funds held in foreign lands."

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  • Is Forex trading legal in India?

    Raised on Feb. 3, 2017, 6:43 p.m.
    Jaidev Goswami

    Forex trading in India is illegal where there is no involvement of Indian Rupee. You can trade with involvement of Indian Rupees like USD-INR, EUR-INR, GBP-INR or JPY-INR.

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  • Why is FDI allowed in India?

    Raised on Feb. 3, 2017, 6:42 p.m.
    Jaidev Goswami

    India allows FDI in various sectors so as to meet its monetary requirements for development. FDI is an important monetary source that fuels economic development in a country.

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  • What is the job of enforcement directorate?

    Raised on Feb. 3, 2017, 5:50 p.m.
    Jaidev Goswami

    Enforcement Directorate Is in Simple Terms , is the Investigating Agency for Ecnomic Crimes in India. It is part Of Department Of Revenue, Ministry of Finance. It draws its Members from officers of Indian Revenue Service.

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  • What are the merit or demerit of GST?

    Raised on Feb. 3, 2017, 2:09 p.m.
    Jaidev Goswami

    Merit: The main function of the GST is to transform India into a uniform market by breaking the current fiscal barrier between states. Thus the GST will facilitate a uniform tax levied on goods and services across the country and overcome the current indirect system which is complicated with overlapping taxes levied by the Centre and the State separately

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