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Spending more than you Earn

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28 Aug 2013 11:04 #152833 by ketchim
A deficit happens when a country's Import bill :

is bigger than its earnings from  Exports !

Samjay ?  :-\

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28 Aug 2013 11:06 #152835 by ketchim
A widening deficit not only puts a strain on the nation's foreign exchange reserves :

but also indicates that it may need to borrow more money.  :(

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  • VillageBelle
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28 Aug 2013 11:33 #152847 by VillageBelle
or at home....

it's when you spend more money shopping
than you earn!!

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29 Aug 2013 09:06 #152934 by ketchim
Leading businessman Ratan Tata's comment that India has "lost the confidence of the world" after the rupee's sharp depreciation

is making headlines in newspapers today !

                               

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29 Aug 2013 09:07 #152935 by ketchim
India's central bank says it will sell US dollars to three state-run oil firms :

as it looks to stem the decline in the Indian rupee.  :-[

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MaleahThe Bangladesh Cricket Board has formally asked the ICC to move all of Bangladesh’s matches out of India, citing safety and security concerns.

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