Click4Profit.info: A good but cheap PPC

In this world of PTC scams there is one good PTC which I observed, its Click4Profit.info which is a small and new PTC with an honest admin. He actually paid me $0.02 as a first day payment. Now the minimum for this website is $2 for withdrawal. But it is fast growing PTC.


Advertisers can also book ads at a resonable $1 per 1000 hits PTC.

A recommended PTC by me

Rate  3.5/5

BMW to drive in iconic compact car Mini Cooper into India soon

NEW DELHI: BMW India will soon start assembling the new generation of its iconic compact car Mini at its Chennai plant, a move which will help it offer its latest products to Indian customers and garner some incremental numbers in the fiercely competitive luxury car market.

The new Mini Cooper will be slightly larger than the current outgoing model, and also lighter and more economical on the fuel front with 27% lower consumption compared with current models sold in the domestic market.

"We are planning to bring the all-new MINI to the Indian market soon," said Philipp von Sahr, President of Indian operations at Bayerische Motoren Werke Aktiengesellschaft (BMW). "We have sold over 300 units of MINI last year and are looking at some impressive sales in the second year."

The new Mini -- third generation since BMW acquired the British brand - has been improvised over the previous generations with more refinement on design and technology.

The Mini Cooper is the first model carrying the new UKL front-wheel-drive system, which will also be shared with entry-level BMW-brand models like BMW 1Series, also assembled at the Chennai plant.

Besides the subtle modifications to its outer design, the new MINI will have a new range of engine lines, both in the diesel and petrol variants. It will have optional LED headlights and Head Up Display. While the car will have for the first time a radar cruise control system that maintains a safety distance from a vehicle in front and automatically intervenes or slows down the car as a safety measure to avoid collision.

According to the company release, the new Mini's length has increased by 98mm to 3821mm , which gives a 28mm longer wheelbase at 2495mm. While it is 7mm taller at 1414mm and 44mm wider at 1727mm than the current models, allowing the trunk volume to grow by 51 liters from the older car to 211 liters.

MINI competes with compact models like Mercedes Benz A & B Class and is likely to face some serious competition from Audi compact A3 sedan. BMW has sold 249,702 units of the MINI -- an all-time high -- in the first 10 months of this year globally. It had produced about 310,000 MINIs in 2012.

Currently, there are seven Mini variants including a 4x4 option and a convertible available across the global market. According to company executives, around eight to 10 variants are expected for the new MINI that also includes a plug-in hybrid. The Indian market is likely to see the diesel variant first which will roll out from the Chennai plant later this year.

iPhone 5S, 5C debut in India today

New Delhi

Apple Inc, the US phone maker, will launch its high-end model iPhone 5S and its cheaper counterpart iPhone 5C in India on Friday.

The iPhone 5S, with 64 GB of storage space, Touch ID, a fingerprint recognition system and an updated camera, has a similar design as that of its predecessor iPhone 5.
Apple, at an event on September 10, launched iPhone 5C and introduced iPhone 5S in the US market. Ten days later, the expensive model was released.

In India, customers get the new models in the price range of Rs 41,900 to Rs 71,500.

One can look for some exciting offers, including easy payment options, as the US phone maker has tied up Bharti Airtel and Reliance Communications.


Airtel subscribers can book a handset of their choice online from 4 pm on Thursday, while customers of other operators can do so an hour later.
The delivery of the phones will start the next day.
Airtel has already started pre-launch bookings in select stores in the country.
Reliance customers can book a phone after paying about Rs 2,500 upfront from Thursday midnight.

Telecom firms say they are expecting more than 10,000 bookings in the first two hours.

Vendors say Apple expects to sell about 3,00,000 handsets in the first three months.

They say 65 per cent of the demand will come for iPhone 5S.


The rest will be the cheaper models of iPhone 5C, which many expect would herald Apple’s entry into the low-cost smartphone market.
But, the price tag of Rs 41,000 will be too high for those looking for cheaper options.

According to sales tracker Canalys, Apple’s share in the smartphone market in terms of volume is 2 per cent and 5 per cent in terms of value in the April-June quarter.

According to IDC, however, it has a market share of 2.3 per cent in terms of volume in the same period. Based sales projections, Apple may clock a turnover of about Rs 1,500 crore (Rs 15 billion) in the first three months.



In the US, Apple sells the iPhone 5S bundled with a service contract for $199 (16GB), $299 (32GB) and $399 (64GB), while one without the contract can be had for $649, $749 or $849 for the respective memory capacities.

The iPhone 5C, meanwhile, is sold at $99 (16GB) and $199 (32GB), while the versions without contract sell at $549 and $649, respectively.

NO APPLE FOR ‘MANGO’ MAN

Apple launches its latest line of iPhones in India on Friday.
The range starts from Rs 41,900 for the iPhone 5C (16GB) and goes up to Rs 71,000 for the iPhone 5S (64GB).


A look at what you can get for the same kind of money. . .

• Apple iPhone 5C (16 GB): Rs 41,900
• LG LED TV (32 inch):  Rs 37,000
• Samsung Smart TV (32 inch): Rs 31,900-41,500
• Hero Dawn (97.2 cc):  Rs 37,000
• Nikon D5200 (body only):  Rs 41,450
• Apple iPhone 5C (32 GB):  Rs 51,000
• LG Smart TV (32 inch):  Rs 47,000
• Apple iPhone 5S (16 GB): Rs 53,000
• LG Smart TV (42 inch):  Rs 56,000
• Apple iPhone 5S (32 GB): Rs 62,000
• Bajaj Pulsar (135cc):  Rs 60,539
• Apple iPhone 5S (64 GB): Rs 71,000
• LG smart TV (50 inch):  Rs 85,000
• Tata Nano:  Rs 142,000 (price of 2 phones)
• Maruti Alto 800 STD:  Rs 245,000 (a little more than what three phones will cost)

PTC websites: Are they really useful?

People these days are looking for various online source of income but its very rare to find a genuine second source.

Currently Paid to Click or PTC websites are in a boom and people, mostly youngsters flock to these websites as a source of income. Lets check out what these PTC websites mean?

1. What is a PTC website?

Paid to Click websites generally pay their members for clicking on ads which their advertisers pay them for. Its kind of revenue sharing website where a particular ad revenue is shared among its members. People are motivated to click and view the ad for roughly 30 secs to get credited with the revenue amount which is between ($0.005 to $0.02).

2. Are these website membership paid?
Mostly all website registrations are free, but you are incentive to upgrade by paying a small amount and become premium member. Premium members are given more benefits than free members like low payout amount and more referrals.

3. How much can I earn?
Mostly you can earn as much as there are ads to be clicked per day. Average amount per day is mostly $0.05 at most reputed sites.

 4. What is a payout amount?
Payout amount is the minimum amount you will be paid. For most reputed sites payout amount is between $ 2 to $ 10.

5. How can I know which are reputed paying sites?
Do some google research before registering to a website. You will get reviews about PTC websites on various blogs available. Please check the comments. Sites with more than 3 years of service are generally good.

6. Can I advertise on such site?
Yes, you can advertise on such sites if you are looking for good traffic to your website. but don't expect any sales of your products. Such sites are only good enough to get traffic of people to your website.

7. Any recommended sites to start with?

Foreign airlines don’t fly best planes to India

CHENNAI: Ever felt that flying the same airlines between two foreign destinations has been a more pleasurable experience than flying from India to a foreign country? It's not just a feeling, but a reality.
Here is the unspoken truth: Foreign airlines don't deploy to India their best aircraft from hubs like Dubai, Singapore, Frankfurt and Brussels. The India-leg of a long-haul route always has planes which have been in service for a few years.

Passengers travelling from the US or Australia perceive a change in quality of amenities and service inside a flight the moment they change over at a hub like Frankfurt, Dubai or Singapore. Says P Usha, who travelled to London recently, "The aircraft from London to Dubai had the best in entertainment, good reading lights, seats and other amenities. Things turned a little drab on the aircraft from Dubai to India. Seats were slightly worn out and plastic fixtures were yellowing due to overuse."
Air Passengers Association of India national president D Sudhakara Reddy echoes the sentiment. "I have experienced this when I flew recently. Every airline is doing this. Our airports do not bother to encourage airlines to bring their best planes on the India-leg of long-haul routes. This may also be because of a lack of load and airlines do not want to use a new and bigger plane for fear of flying with empty seats," said Reddy.
Passengers from India are able to fly on board A380 from Dubai to London. But they do not get the luxury on the UAE-India route. A bigger plane like B747-800 that can seat 700 passengers or a B747 400 that can seat 416 passengers cannot be flown into Chennai because it may end up blocking the taxiway or runway. Though the Airports Authority of India (AAI) claims that Chennai airport can handle an A380, sources said that other operations would have to be brought to a halt till the aircraft lands and is brought to the parking bay.
Airlines say that seat limitations mentioned in bilateral agreements between India and other countries, shoddy airside infrastructure at many of Indian airports including Chennai and shortage of passengers are the reasons for them not operating new planes to airports in India other than Delhi which is a VIP destination.
A380 and B747-800 are fuel efficient and can carry more passengers. However, airlines are also not able to fly them to a few airports in India including Chennai because of bilateral agreements.
"The bilateral agreements signed between India and other countries are designed to protect Air India. The number of seats a foreign airline and an Indian airline can sell on a route is fixed. This prevents airlines from using a high-capacity aircraft," said an airline official.

Local Currency Swap: A good alternative to the Dollar

Most trade today is conducted in hard currency such as Dollar USD, Euro EU or Japanese Yen, but these three currencies are printed in only 3 parts of the world and and dominate nearly 80-90% of global trade with US Dollar being the primary currency.

This has caused the dollar to inflate to its most powerful position in last 60 years, but has taken its tole on smaller economies.

Many countries buy goods in US Dollar stored in reserves and thus most of their transactions are at a heavy loss to both the importer and the exporter.

Trading in local currencies will save much of this cost and will also allow the actual valuation of the currency rather than pegging it to say USD.

This means if India sells more goods to US than it buys (Which is a fact) than the Indian Rupee must appreciate against USD, but since India pays to even gulf countries in currency which it nither prints or has any control on the actual price of USD is much greater than if dual Indo-US trade is considered.

Gulf Countries on their part have artifically pegged their currencies to the USD as International trade of oil is done in USD, but this should change and they should be willing to accept other currencies than dollar when they trade with countries such as India or China.

China on its part is already started the process by currency swaps of the Yaun, and many countries are willing to keep yaun as a reserve currency as they have a trade deficit with China.

So now it is time to forget the US dollar as a global reserve currency and try to promote our own currencies as a part of global trade and let its real value be determined by the market and forces of demand and supply.

ITC at Rs 305 on NSE on 23rd August 2013

ITC stock is trading at Rs 305 on the NSE on 23rd August 2013

Indian Rupee down at Rs 65/USD, What next?

Indian Rupee has hit an all time low of Rs 65/US$ and now it seems that Indian government is helpless to stop the outflow of capital. Indian Goverment is using all the tips and tricks under its belt to stem the downflow of the rupee, but it seems helpless.

The real problem is Indian exports are virtually worthless in today's international market. Our products are virtually null and all we export comprise of Raw materials and agricultural goods which are not that much. We need to develop industries which can give value added products for exports.

In a recent article India's Problem is Exports, Not the Rupee, the writer has pointed out the same

In Tough Times, Abandon Your Employees

 

Henry Blodget's excellent piece on short-term greed got me thinking about a very basic question: do companies owe their employees loyalty when the economy gets tough?
For some time, I've been appalled that major companies are simultaneously laying off employees and reporting record profits. The picture differs depending on where you live and work, but that's a fairly common trend.
Contrast, for example, CNNMoney's report at the beginning of this year, Hey Wall Street, Get Ready for More Layoffs with John Cassidy's July 16 story, which starts like this:

What do these large dollar numbers have in common: $6.5 billion, $5.5 billion, $4.2 billion, and $1.9 billion? They represent the latest quarterly net profits made by too-big-to-fail banks—in order, JPMorgan Chase, Wells Fargo, Citigroup, and Goldman Sachs.

Now imagine that your company has been growing quickly, and that the culture of the company is to expect employees to step up when challenges and opportunities emerge. If there is an important pitch coming up, you are expected to stay late or work over the weekend. If there is an important order to fill, you are expected to work until the order gets filled.
You work hard. You step up. You are a hard-working and loyal employee. You recruit your friends to come work at your company; you put your personal reputation on the line.
Then the economy hits a rough patch. The company lets you go; two months later, they announce record profits.
Is that the right way to do business?
I understand that companies are not charities, and that they can't exist forever paying out more in wages than they earn in revenues.
But it strikes me as horribly short-sighted for a company to simultaneously report record profits and fire loyal employees. But some will argue that companies are here to make money for their investors, and that such moves are entirely warranted.
That's why I'm calling on companies that employ this strategy to make it obvious. I suggest they band together under the banner, "Profits before People". In fact, to make this easier, I've created a few simple ads they could run to attract more investors.
I'm not trying to be cute or clever. If this is an intelligent and proper strategy, why shouldn't companies formally declare that they follow it?
Take a look at my crude examples, and create your own Profits before People art, then post links in the comments below.
On the other hand, if your company sticks by its employees in tough times, then PLEASE feel free to brag about that

 

Rupee 1 cant buy you a meal but it sure can buy you web Hosting space

The complete controversy about Rs 5 can buy you a decent meal may be too much of hot air in already heavily inflated country like India, but its sure that in the same country you can buy a web hosting space for as low as Rs 1/day. Companies such as Trivia Softwares are offering Web Hosting space for as low as Rs 30/ month which is equivalent to Rs 1/day.

Web Hosting has recently became cheap, but now with this controversy, its sure you can buy a web space and host your site for just Rp 1/day

Rs 5 can’t buy a meal, Jama Masjid beggar says

NEW DELHI: On Wednesday, Congress psokesman Raj Babbar said one can have a full meal for Rs 12 in Mumbai. On Thursday, Congress Rajya Sabha MP Rasheed Masood went a step further, claiming, "You can eat well for Rs 5 in the Jama Masjid area of Delhi".

Since Masood had specifically mentioned Jama Masjid, TOI decided to do a reality check. We visited the area, and asked residents and owners of food outlets if his statement was correct.

"The MP still seems to be living in a bygone era. Maybe he should visit the area again," scoffed a local tea stall owner who has been living in the area for the past four decades. "In the late 1980s, one could have still expected to have a meal for Rs 5 when the roti used to cost less than a rupee and gravy dishes could be had for Rs 2," he said, requesting anonymity.

The minimum price of a roti now is Rs 3 even at the most basic of food outlets. A gravy dish costs a minimum of Rs 20.

The only affordable meal (if it can be termed as such) was a small portion of rice and modest sprinkling of daal (pulses), but that too costs about Rs 15.

A 'decent' meal — consisting of a non-vegetarian gravy and two rotis — at the cheapest eatery will cost not less than Rs 20-25. If you want to add a phirni (sweet dish), it will set you back another Rs 10. That doesn't really square with Masood's numbers.

Even a small pouch of water costs Rs 2. If you plan to sip tea at a stall, it will cost at least Rs 7. Don't have money for food and want to make do with juice? A glass of juice will cost no less than Rs 10.

The only hope for a person who has to live on Rs 5 per meal is the alms being distributed on account of the holy month of Ramzaan. As part of charity during this period, many people have been buying meals costing Rs 20-25 to be distributed free of cost to the poor.

But when we asked whether we could feed the poor for Rs 5, the restaurant attendant mocked us and said, "Since it's Ramzaan and people give out their annual zakaat (charity), one can also eat for free."

And here's something for Masood to chew on. We tried to hand over Rs 5 to a beggar standing outside the eatery. But she refused to accept it, saying it would not help her get any food. "I will not get anything for this. If you really want to help me, you have to give me at least Rs 20 so that I can buy something to eat," she said.

Times View

It might be unfair to demand from political leaders or governments that they eliminate poverty overnight. But surely demanding some sensitivity towards the plight of the poor is not too much to ask. To suggest that one can have a proper meal in Delhi for Rs 5 is really to make a mockery of poverty and the poor. It reflects either a complete lack of connect with reality or insensitivity or both.

If this is what our lawmakers and policy framers actually believe, we are in serious trouble. If, on the other hand, they are saying such things for rhetorical effect, they deserve to be condemned.

Is India Strong Truly Strong?

Is India Strong Truly Strong?

Incredible India! Mera Bharat Mahan! People are inspired by these huge words, but is this the true image of India? Last 60 years of independence and we have grown, no doubt about that, but is this growth comprehensive? Have our economy truly growth in the big league? I seriously say No!

Here are some of the reasons why I think India has not gone in the league of great powers, no matter what the IMF or world bank says:

1] Last 60 years and Indian Rupee has fallen from Rs 4 to a USD to now Rs 61 to a USD. Is this a sign of progress?
2] In last 60 years our national carrier Air India has gone from one of the best and respected airlines to one of the worst and poorly managed national carriers.
3] Our poor population has actually increased due to rapid inflation which increases by 1% per month!:(
4] Our government is helpless and does not have any clue to rescue either the rupee or our countries economy.
5] We rank at the bottom of countries when it comes to governance.
6] We rank at top of the table when it comes to corruption in government, both at National and state level.
7] Our tourism is pathetically low compare to our true potential thus loosing us billions of $ in raw cash flows.
8] We are too much dependent on FDI and crude oil supplies and pay them in $ rather than our own currency. We must remember that its a buyers market out there and not sellers, so buyers decide what currency they prefer.
9] Our politicians are poor in their education standards and thus lack basic skills to handle day to day government activities.
10] Our governments servants are a bunch of high paid non performing assets which need to be regularized.

Unless and until strong steps are not taken to correct these measures we can never say Mera Bharat Mahan!




 

AI to connect Birmingham with Amritsar from Aug

 

The national flag carrier Air India said on Thursday it will connect Amritsar and New Delhi with Birmingham in England four days a week from next month.

Currently, Air India operates 21 flights per week to London -- seven on the Mumbai-London sector, and 14 on the Delhi-London sector -- the airline said in a statement.

Last month, Air India had introduced Dreamliner services to London.

The airline is also offering attractive inaugural fares on the Delhi-Birmingham-Delhi sector for a limited period, with a free add on in the sector from Delhi to Ahmedabad, Kochi, Thiruvananthapuram and Kozhikode.

The new Dreamliner flight will operate on the Amritsar-Delhi-Birmingham-Delhi-Amritsar route on Mondays, Tuesdays, Thursdays and Saturdays.

The AI-113 flight will leave Amritsar at 1030 hours, reach Delhi at 1150 hours and will depart at 1330 hours to reach Birmingham at 1800 hours, it said.

The return flight AI-114 will take off from Birmingham at 2130 hrs and reach Delhi the next day at 1005 hours.

The flight for Amritsar will leave Delhi at 1205 hours and arrive in Amritsar at 1305 hrs.

Earlier this week, AI had said it would fly nonstop to Sydney and Melbourne, marking a return to the Australian market after 16 years.

Times OOH bags ad rights for Terminal 2 at Mumbai airport

 

MUMBAI: GVK CSIA has awarded the advertising rights at the new Terminal 2 at Chhatrapati Shivaji International Airport (CSIA), Mumbai, to Times Innovative Media Ltd (TIM).
TIM, a subsidiary of Bennett, Coleman and Co Ltd, is India's largest media conglomerate and operates its out-of-home media business under the brand, Times OOH. The largest out-of-home media company in India, Times OOH also manages the advertising rights for Delhi airport through its subsidiary. TIM has won this exclusive contract for the advertising, sponsorship and promotion opportunities at CSIA for 11 years from the commencement of Terminal 2 (T2). It covers more than 660 display sites, ranging from billboards around terminals to static and digital sites.
Rajeev Jain, CEO, Mumbai International Airport Private Ltd, said, "GVK CSIA is one of the busiest airports in the country and indeed an international gateway to India. This allows for the otherwise elusive opportunity for advertisers to target not just the itinerant Indian, but global audiences as well. We have been working closely with TIM over the last five years to make GVK CSIA a hot spot for advertising in India. We are confident that with their expertise, TIM will create an experience for advertisers and passengers on a par with the best in the world."

Indian Library Thane: A great Place to study

Thane is fast becoming an educational hub of Maharashtra and home to many libraries. But one of these libraries is now getting a prominent place as a landmark in Thane. The 24x7 open "Indian Library". This library is started by Mr. Sanjeev Malhotra, Director of Malhotra Group based in Thane.

Its website Indian Library shows that the library has over 3000 book with various subjects to read. From Management books to technical books, Indian Library provides a wide range of choices.


Do visit Indian Library based in Thane as a highly recommended place to visit.

Trivia Softwares launches a Dentist Website

M/s Trivia Softwares has launched a dentist website for a dentist located in Thane. The website has simple but smart design concept.

Link to the website is Dr. Shettys Dental Spa

The dentist is located in Thane.

Fake rupee notes on the rise, in India and abroad

It is a battle bank tellers seem to be winning. They spotted 5.2 lakh fake notes in 2011-12 compared with 4.4 lakh notes in 2010-11. In percentage terms, data from RBI show, there was a 19.6 per cent rise in the number of counterfeit currency notes detected in 2011-12 over the previous year.

Not that the counterfeiters are discouraged. On an average, around 3.9 lakh fake currency notes were found every year between 2007-08 and 2011-12, according to an RBI research paper put out last week.

The more enterprising are palming off the fakes abroad. RBI data show that the value of fake rupee notes impounded in Switzerland’s banking system trebled in 2011 over the previous year.

In terms of the number of pieces of counterfeit currency impounded, the Indian rupee is not at the top, with more US dollar, euro and Swiss franc notes caught by bankers. But it was significantly higher than the number of British pound, renminbi, rouble and rand clones impounded. Until 2009, the number of fake Indian currency notes detected in Switzerland was minuscule compared to other currencies. But in 2010, there was a sharp rise in the number of rupee notes impounded at 212 and in 2011, a five-fold jump to 1,144.

Beware the Rs 100 notes

Also, contrary to the general practice of suspecting Rs 500 notes, you should be wary of Rs 100 notes, the data show. These account for 56 per cent of the counterfeit bank notes detected in India.

The Rs 500 denomination notes made up a third of counterfeits detected. Notes of Rs 1,000 denomination accounted for 5.2 per cent, but even fake notes of Rs 10, Rs 20 and Rs 50 denomination have been detected.

ITC at Rs 303 on 20th February 2013

ITC has reached Rs 303 on the NSC on 20th February 2013.

Foreign Varsities to receive payment in Indian rupee

 

Western Union Business Solutions, a unit of the Western Union Company today launched in Chandigarh a new service that will allow universities and higher education institutions around the world to accept tuition payments in Indian Rupee.
Anil Kapur, Regional Divisional Director for India and Middle East, Western Union told media persons that "the new service had been launched today from Punjab because this state sends large number of students abroad for studies".
Kapur said that "over 200,000 Indian students study abroad each year, making India the second largest market for international students in the world after China. Indian students who choose to study abroad grew by over 250 percent between 2000 and 2009, with overall numbers increasing from 53,000 to more than 189,000 during that period. 2
Quoting from a recent study, he said that the United States, United Kingdom and Australia are the top three destinations for Indian students. Indian students who go abroad are typically invoiced in the currency of their university which often makes the payment process cumbersome and expensive. In many cases, intermediary fees impact the final amount received by the university so the students still owe money before commencing their studies.
Western Union's new service will enable participating schools and universities to offer Indian students the option to pay tuition fees in their home currency. It will be offered by Weizmann Forex and and Paul Merchants Limited, the two largest Western Union Agents in India. Both Weizmann Forex and Paul Merchants Limited will make this product available to students at multiple locations across the country.

Students will also be able to pay from their homes and a trained representative of Paul Merchants Limited or Weizmann Forex will come to the student to collect the relevant documentation and arrange INR settlement on behalf of the university. Kapur said that "nearly a quarter of a million Indian students study abroad and this service will help them make payments to their international universities from the comfort of their homes in a transparent, fast and effective way."
He disclosed that Western Union Business Solutions offers Business to Business Solutions and enables businesses, colleges and universities of all sizes to send and receive international payments and manage foreign exchange in more than 135 currencies, creating unique solutions tailored to suit their needs. Institutions are supported by a network of trading offices, strategic banking relationships and a global clearing network. Universities use the cross-border payments service for study-abroad programs, student refunds, and for professors or recruiters traveling worldwide.

 

Export earning in Indian rupee

 

The central government of India is planning to extend the realisation of export in rupee for more foreign nations, replacing the dollar or pound, Director General of Foreign Trade Anup Kumar Pujari said Friday.
At present, Iran, which is faced with US sanctions, happens to be the only country where Indian export is realised in rupee.
Speaking at a business talk in Kolkata, Pujara said there is a growing realisation in the Union government that India must try strengthening its own currency in the global economy, and allowing export realisation in rupee was an important step in that direction.
“Talks are on with the RBI for devising some appropriate mechanism so that the export realisation in rupee term can be extended for more countries, barring our immediate neighbours with whom we share land customs stations,” the DGFT said.
“Once this is done, export realisation in rupee will also be eligible to get export benefits.”
When asked how this could be possible since the Indian rupee is not convertible on the capital account, Pujari said it would not
be a problem. “Work is in progress in this regard and an appropriate enabling mechanism will be put in place,” he said.
The DGFT explained that extending export realisation in rupee to neighbouring countries such as Nepal, Bhutan and Bangladesh was not desirable at preset as India’s borders with these countries were very porous, making it impossible to keep all exports accounted for.