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Jan 26, 2008

Karnal reaches freezing point...!

Karnal recorded a record low of 0.6 degrees, last night.
The lowest average of last 4 days remaind to be less than 3 degrees.
In other parts of Haryana, Ambala shivered at minus 1.3 degrees, again 8 degrees below normal. Narnaul was at 0 degrees and Rohtak at 1.3 degrees.

Jan 19, 2008

Karnal will be ‘Malla Mall’ soon…

After a long wait, it seems that finally people of Karnal will be getting their first Mall.
Currently two projects namely ‘Super Mall’ and ‘K3G Mall’ are almost ready to operate at 12 sector. It is again uncertain that which mall will be inaugurated first!
At least now karnaliets will not have to drive all the way to panipat or Chandigarh to watch movies at multiplex.

Jan 7, 2008

Where’s the Party Tonight…!

What were ‘Karnaliets’ doing on the 31st of Dec. i.e. New Year’s Eve? The answer seems to be precise and boring. People were either at ‘The Karnal Club’ or ‘Gymkhana club’ or else watching T.V. at home. At least I felt the same as there is no place for partying in the city…!
On the New Year’s Eve, when the people of the world were celebrating, people of Karnal were roaming from ‘Haweli’ to ‘Lake’ and then to’ New world’ via sector 12 and ‘Kalra Mkt.’ at sector 13. Except few other who had planned the Bash well in advance to other places like Simla, Chandigarh or Delhi etc.
Now with upcoming Malls and a proposed Disc. At an upcoming five star Hotel near Lake, let’s hope some change in style of celebration on the coming New Year Eve i.e. 31st of December 2008…!!!

Dec 27, 2007

Doctor shot Dead...!

A doctor was shot dead by robbers at his residence here. Dr. Ashwani Kumar, who was a well known dentist, was shot at after he resisted the attempt of the robbers to loot him last night.
A police patrol party, which reached his house on getting a call, rushed the doctor to a local hospital where he was declared brought dead.
Kumar's wife and the two children were present at the time of the incident.

Dec 8, 2007

My Money Stronger…!


For the first time, after nine years, the rupee broke the psychological mark of 40 to touch 39.85 against the world monetary parameter, the U.S. Dollar. The main reason being the sudden spurt in capital inflows.
The effects of the same both positive as well as negative were seen here in karnal also. The other day, when I was talking to one of my friend who deals in gift items, mostly imported ones, told me that for a product for which they had to shell out 43 Rs. earlier was available now for a low of 3.50 Rs.. Similarly the Tour n Travel people are also happy as the cost is down.
On the other hand the appreciation of rupee during the current financial year already effected many sectors like IT, textiles, leather industry, pharmaceuticals. This new phenomenon has forced many mid sized software and other exporters to hedge against the foreign currency fluctuations.
So, we can say
Weak Rupee = lower cost of goods for Indian exports, higher cost to Indians for import products, lower trade deficit
Strong Rupee = lower cost to Indians for foreign imports, higher cost overseas for Indian products, increased trade deficit
Although there is some national pride in having a "strong" Rupee, the economic reality is that a weaker Rupee is generally better for the Indian economy.