KNOW YOUR CITY...SECUNDERABAD
 Actually, HISTORY- The lovely subject which i love most, every one knowingly or unknowingly reads or go through the history to know what was the past. it's quite interesting too. I love much to know whats our past and what are the cultures, customs, hidden facts, traditions, revolts....e.t.c., and not make you bore by my introduction straightly coming to point. lets know what was the city secunderabad....

SECUNDERABAD, great city of  200 years history  .One of the largest cantonments in India. sixth largest metropolis in our country together with hyderabad. 

                 It was  named  after the king SIKANDAR JAH, III NIZAM OF ASHAF JAHI DYNASTY. It was found in the year 1806AD as a BRITISH CANTONMENT. Though SEC is a part of HYD as twin city but their cultures and histories are totally diversified. Bound to my last statement, in respect of history, it was directly developed by BRITISH SOVEREIGN till 1948. unlikely HYDERABAD was the princely state of NIZAM.
             
           
    As we go deep in to history, SEC was directly under the control of British after the HYDERABAD NIZAM ASHAF JAH II  was defeated at the hands of BRITISH EAST INDIA COMPANY and forced to sign on the TREATY OF SUBSIDIARY ALLIANCE indeed it was signed  by him to get support of British troops in 1798 AD. In 1803 the IIIRD NIZAM SIKANDAR JAH  named after him as secunderabad. prior to that the name of the city was ULWUL. The city was formed in 1806 , after the order was signed by the Nizam alloting the land north of Hussain Sagar to set up the British Cantonment .

         

    HUSSAIN SAGAR IS A MANMADE FRESHWATER LAKE SEPERATING HYD AND SEC, BUILT BY QUTUB SAHI DYNASTY in 16th CENTUARY.

         thee are many unique and large historica charecters in sec. let me show hen in a point manner.:
         
      * Unlikely Hyderabad, the official language of secunderabad was English.
      * Various markets like the Regimental bazar and general bazar were created.
      * Secunderabad Railway Station one of the largest in India which is also the zonal headquarters                                       of South Central Railways established in 1874.
       * After the Sepoy Mutiny of 1857, the construction of a seven meter high wall was started                                                                                           at Trimulgherry and completed in 1867.

James street circa 1880, was an important shopping district in Secunderabad

       *The King Edward Memorial Hospital, now known as Gandhi Hospital was established in 1851. A Civil Jail (now a heritage building known as Old Jail complex near Monda Market) was also established.
       * Originally constructed in 1860 as the country house of the British Resident at Hyderabad, the        Residency House is now known as the Rashtrapati Nilayam, the official retreat of the President of          India.
       * Sir Winston Churchill, the Prime Minister of the United Kingdom during World War II, was posted in Secunderabad during the 1880s as a subaltern in the British Army
       * Sir Ronald Ross conducted his initial research on the cause of malaria in the city of                                  Secunderabad.The original building is today called the Sir Ronald Ross Institute and is located on            Minister Road
        * Post-Independence, the Secunderabad Cantonment Board came under the jurisdiction of the Indian           Armed forces. Consequently large military units were established. The popular neighbourhood in             Secunderabad are Paradise Circle,  Sitaphalmandi, Kharkhana, Ranigunj,
          [New Bhoiguda,Secunderabad] etc. 
        * Begumpet Airport is close to Secunderabad and served both the cities until early 2008.
        * The popular Secunderabad Club was established in 1878 at a country house gifted by Salar Jung I. 

SECUNDERABAD CLUB, 1902

Free fall of Rupee against Dollar

THE SCORCHING ISSUE....DOING A LITTLE BETTER....

awesome pic by INDIA TODAY

You were been watching every news channel, reading in news paper and hearing everywhere

 that the rupee value has plunged ironically staging to inflation.

Ever found the reason for that ?

I'm here presenting the reasons and consequences of this scenario.

I'm not that professional but I could give you some idea that I've understood.

Actually the fall of rupee value is termed as FREE FALL.As we look the records since January the value has plunged over 20% . On 28th August ,it has posted its biggest one-day drop by 3.9% since 1993 reaching a record of 68.8450 against the Dollar. The devaluation of Rupee is not the new affair.It was accustomed from our past but exposed now as it was worsened a lot now. 

->Since its Independence in 1947, India has faced two major financial crises and two consequent devaluations of the rupee: In 1966 and 1991. 

In 1966 India faced a large economic crisis and in 1991 the devaluation was much due to its large balance of payments.In these two years the devaluation devastated our economy very much such that it couldn't heal.In 1991 there was a high inflation registered and ruined our economy and now the same is just repeated.

 1990-18.11,  

 1991-25.79

 1995-34.92

 1997-49.15

 2000-46.88

 2002-48.23

 2003-45.66

 2006-44.00

 2007-39.33

 2008-49.00

 2010-45.09

 2012-54.47

 The interesting fact is that the value of rupee is plumbing new depth's and currently it is the fourth most depreciated currency in the world and the most depreciated in Asia.Whatever its a pretty good news that it has revalued to 63.66 presently. 

         Here is a statistical excerpt till 2013

REASON

I may not give you all fulfledged reasons but elaborately one of them . As you know already that Indian currency is not an international currency. But, to have a prosperous global trade in our country we need to depend on international currency viz Dollar / USD OR EUROS . hope clear with this now. moving on further, we know that we import crude oil from Saudi Arabia, Iraq, Venezuela etc. they want us to pay in international currency only.So deadly we should pay in dollars only. now it is matter of the that how we get dollars? here is some excerpt that i have read from quora..

There are three main ways in which India gets USD. The first one is obvious enough, when we export goods and services – we get paid in USD. The second one is also fairly obvious which is investment. When foreign investors invest in India – they bring in USD and that’s another way to get USD.
The third way which is not very apparent is remittances - NRIs sending in money to India. it i surely a humble  and sweet news for NRI"S.

 

What do these things tell us?
These things tell us that it is absolutely essential for us to have a steady flow of USD or other big currency coming in the country in order to finance our oil bill and pay for our other imports, if we run out of foreign exchange, we will be in big trouble because without oil, nothing else will function.
The measure for whether this equation is fine or not is called CAD (Current Account Deficit), which is largely the difference between exports and imports and in India’s case, the CAD is becoming higher and higher with each successive month, and this means that India’s foreign exchange reserves are diminishing.
One of the big factors worsening India’s CAD are the ever increasing gold and oil imports. The festival of Akshaya Tritiya contributed to heavy imports recently, and that in turned made the CAD even worse. If India spends USD on gold then that reduces the forex reserves for other important commodities like oil. Now reducing dependency on oil is not easy and hence reducing its import is not easy.
Theoretically, if there were no gold imports then that would eliminate the burden on forex reserves, and in a way it will help the Indian economy. However, you can’t eliminate gold imports completely because a lot of people depend on gold jewelry and investments for their livelihood, and India has always imported gold.
So, the problem then is not so much gold imports but the great pace at which these imports have increased in recent years, and the pressure it is putting on the foreign exchange reserves, and the worsening CAD.
Will stopping gold imports help the Indian economy?
The answer to this question is simple – no, simply stopping gold imports will not help the Indian economy because a lot of people depend on gold for their livelihood, and they need gold imports to remain in business and survive.
Will slowing down gold imports help – yes I believe they will help because they wouldn’t be such a big drain on our forex reserves and that will be great.
However, the recent rise in gold imports have been investment driven and that is largely due to the rise in gold prices, and a lack of other investment alternatives available to Indians.
What we need is a better investment climate that helps people get other alternates to gold for investment, and that also helps with the other factors that I wrote about above related to bringing in foreign exchange in the country. You want a climate where exports rise (services exports declined last month), foreign investments come into the country – both in the form of FDI {foreign direct investment} and FII {foreign institutinal investment} , and all that in turns help the CAD(current account deficit}.

                           CONSEQUENCES

I may be weak at reasons but good at consequences and here I present . . .  

Abiding my last word . . . hope you  would know better what are the consequences led by devaluation.The best example is onion rates which raised to sky and inflated to 70/- per kg.What I'm trying to convey is due to the devaluation the rates reach a high bench mark that would become difficult to  middle class and poor people.This is purely because of devaluation as to buy a Dollar in terms of rupees increase so as to sustain that revenue to against the dollar, govt without any chance increases the taxes and all the market viz monopoly,oligopoly rates.

Students studying abroad:The flying charges for foreign would go high so that it become much costlier. 

Fuel price: A weak rupee will increase the burden of Oil Marketing Companies (OMCs) and this will surely be passed on to the consumers as the companies are allowed to do so following deregulation of petrol and partial deregulation of diesel. If the OMCs increase fuel prices, there will be a substantial increase in overall cost of transportation which will stoke up inflation. 

RBI’s monetary policy: If the depreciation in rupee continues, it will further increase inflation. In such a situation RBI will have very less room to cut policy rates. No cut in policy rate will add to the borrower’s woes who are eagerly waiting to get rid of the high loan regime.

Tourism: The depreciating rupee will surely be a dampener if you are planning your holiday abroad. Your travel charges as well as hotel charges will escalate drastically, let alone shopping and other miscellaneous spending activity.

Country’s fiscal health: A frail rupee will add fuel to the rising import bill of the country and thereby increasing its current account deficit (CAD). A widening CAD is bound to pose a threat to the growth of overall economy.