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Why is the rupee weak even when the Indian economy is strong?
The rupee is weakening not because India’s economy is weak, but because external-sector pressures outweigh domestic strength.
A large trade deficit, FPI outflows, higher USD debt repayments, and hedging have sharply increased dollar demand, while US tariffs, weak FDI, moderate remittances, and limited RBI intervention have reduced dollar supply.
Thus, exchange rate pressure is arising from global and trade dynamics- not from India’s GDP performance.
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“Presented a copy of the Gita in Russian to President Putin. The teachings of the Gita give inspiration to millions across the world,” PM Modi wrote on X
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Why is Excise Not Levied on Pan Masala Normally?
—>GST subsumed excise duty
After GST (2017):
—Central excise duty remains only on petroleum, tobacco, and a few special goods.
—Pan masala was moved into GST regime, taxed at GST + Compensation Cess.
Thus, excise duty cannot be levied on consumption of pan masala, because:
—GST already taxes consumption —>Dual taxation is not allowed.
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