The Indian Rupee tanks by a massive 106 paisa to close at the all-time low of 60.72 for the first time against dollar on heavy capital outflows and month-end dollar demand from importers, even as RBI intervenes to stem the currency slide, last month. Again on 8th July , 2013, the INR plunges to an all-time low of 61.21 per USD.

In the International market, there are always ups and downs of share prices, indices, commodity prices and currencies .But during last few months, the unimaginable fall of the INR against USD, creates havoc in our minds. Though the USD remains strong against any other currency in the World, the situation is unlike against INR. The damage of INR is the worst of all currencies. No Indian economist has ever thought of such a poor performance of INR. Nobody has thought of INR depreciating to bellow 1/60 of USD.It is still depreciating lower.

The historic fall of the value of INR happens at such a time, when the country has a number of other economic difficulties.

While the recession of the US is cooling down and coming to an end and the Federal Reserve Bank decides to withdraw the packages, the International currency market becomes volatile from last few sessions.

The after-effect of currency market is also reflected in all Indian shares and commodities. India imports about 70-80% of the domestic consumption of crude oil from other countries for which it has to pay the cost in the form of Dollars .The sudden fall of the value of INR against USD creates a rise of prices of petroleum and petroleum related products. There is a rise of price of petrol and diesel and its spiral effect is observed in other prices.Auto, taxi, byke, transport, vegetables, foods, fruits and all consumer durables become costlier.

We, the citizens of free India , are so unfortunate that after such a long period of our independence ,we cannot self-dependant on food and oil production .We import the most from other countries and pay them in dollars .Directly or indirectly , its bills are paid by the consumers. The upper middle class families labor hard to get their income and send their children abroad for higher studies, which becomes impossible day by day .To go for a vacation to other countries becomes a dream only.

The sectors, which import instruments ,machineries and its parts have to pay more .So laptops, computers, refrigerators, TVs and A/Cs are to cost more .In the name of cost reduction , those sectors have to cut off manpower ,which ultimately create unemployment .Even numbers of sector stop to exist.

According to the circular dated 28th June 2013, from RBI, the foreign debt of the nation during 2012-13, is 390 billion dollars which is increased by 13% on year to year basis.

In economy, it is a fact that when goods are costlier, the consumer buys a minimum. If the condition worsens, it creates stagflation. Perhaps India goes through that phase.

From the last so many years, there has been no such remarkable increase in export of domestic items. Added to the crisis, there is a fall of foreign exchange, coming through the working Indian mass abroad.

If the situation remains like this, the situation of the 90’s would not be far away.

Analysts find the following 5 major steps to curb the situation.

1. We should try to utilize our own minerals like coal and stop importing them.

2. We should find and utilize the oil reserves of our land.

3. We should stop importing Gold.

4. We should make an environment to attract FII.

5. We should try to stop rupee depreciation.

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Last year , I have written some sentences on “ Car Festival Of Lord Jagannath “ on the Forum page . A very few numbers of visitors  view it .

On the occasion of this year’s  “ Car Festival “ , I rewrite it again .

This year (2013) , the  famous car festival of Puri , will take place on 10th , July ,Wednesday and will end on 18th . On the day of Car festival, which is the 2nd day of Full moon , the three  Deities , Lord Jagannath , His elder brother Lord Balbhadra and sister  Goddess Subhadra will be placed ceremonially on three separate cars and drawn by devotees to the Gundicha temple , another temple , which is about 2 km. from the original one. On the ninth day of same fortnight the cars will have return journey , known as the “ Bahuda Yatra “.

This is a great festival of Hindus and the main festival of Odisha . This is though originated from Puri ( Odisha ) , is being celebrated all over the world .

According to the old scriptures , Queen Gundicha of Indradyumna , the king of Puri , started the festival to mark the inauguration of the grand temple ( Badadeula ), her husband had built to enshrine the three Deities .

People from all over the country gather on the holy event to witness and participate the journey of the Deities . Special arrangements of transports and sanitations are made by the Government for the pilgrims .All the hotels , lodgings and resorts are booked beforehand. The near and dears of local people gather at their homes to enjoy the festival. The “ Badadanda “ is crowded with the devotees . Roofs of buildings on both sides of Badadanda are crowded with people who are very anxious to have a clear look at Lord Jagannath .All are overwhelmed with so much of joy that they irresistibly dance and sing devotional songs in a state of holy ecstasy . Atleast  for those moments , they forget their worldly cares and anxieties and like to have a pious breathe .

Eminent orators,who are well conversant with Jagannath philosophy , are invited to speak glorifying the greatness of Lord Jagannath .Their activities are telecast on different channels along with the procession of Cars .

The Cars have different names like Nandighosha , Taladhwoja and Darpadalana .The three deities are brought by “ Sevakas “  to the cars in a ceremonial way known as  “ Pahandi “ . They bring the images with beating “ Ghantas “, blowing conchs and singing “ Kirtans “ . The present king of Puri performs an act  called  “ Chhera Panhara “ . He sweeps all the three Cars with a broom made of gold .After the ceremony , the Cars are pulled ahead with thick ropes tied to them. From 1975 ,Darpadalana is pulled by women devotees .  It is believed that people attain salvation by pulling the Cars and looking at the Lord on His car .By the evening all the three cars reach the Gundicha temple , where the Deities stay for nine days .      
Follow The Link  :  http://www.astrosage.com/2013/festival/jagannatharathyatra2013.asp