[MoF] Financial Update - 7 Apr 2011
Day 1,234, 08:37
•
Published in India 
•
by
•
by Indian Government Bank
A quick update on Financial situation of Govt Assets and Reserves
Fixed Assets (Govt Companies and Licenses) - 776 G (+10 G from last month)
Government Treasury (Gold) - 1346 G (+181 G from last month)
Government Treasury (INR & FORE
Govt Companies Inventory
Food Wellness
11,000 (Mar 2011) -> 17500(Apr 2011)
Q1 Weps
2000 (Mar 2011) -> 0 (Apr 2011)
Q5 Weps
730 (Mar 2011) -> 1400 (Apr 2011)
Q1 Defence Systems
10(Mar 2011) -> 10(Apr 2011)
Some key highlights and points to note
1. Income of approx 150 G from Congressmen donations
2. Expense of 100 G for the Croatian MPP
3. Cancellation of Bulgarian Rental agreement due to new eRep rules leading to significant erosion in govt revenue
4. Significant buy back of INR from the market to reduce currency in circulation and prevent devaluation. This step has allowed our currency to retain its value better than bigger currencies like the USD and CNY in the recent deluge.
Fixed Assets (Govt Companies and Licenses) - 776 G (+10 G from last month)
Government Treasury (Gold) - 1346 G (+181 G from last month)
Government Treasury (INR & FORE
😵- 74K INR (+ 22K from last Month)
Govt Companies Inventory
Food Wellness
11,000 (Mar 2011) -> 17500(Apr 2011)
Q1 Weps
2000 (Mar 2011) -> 0 (Apr 2011)
Q5 Weps
730 (Mar 2011) -> 1400 (Apr 2011)
Q1 Defence Systems
10(Mar 2011) -> 10(Apr 2011)
Some key highlights and points to note
1. Income of approx 150 G from Congressmen donations
2. Expense of 100 G for the Croatian MPP
3. Cancellation of Bulgarian Rental agreement due to new eRep rules leading to significant erosion in govt revenue
4. Significant buy back of INR from the market to reduce currency in circulation and prevent devaluation. This step has allowed our currency to retain its value better than bigger currencies like the USD and CNY in the recent deluge.
Facebook
Twitter
Discord
Comments
o7
i wanted to be first
but there is still too much currency on market
who doesnt like more?! 🙂
Number 4 is a good point
the companies are getting attrition toward INR one has to spend more and more gold in buying INR! please release a few more thousands of INR into market and stabilize it!
and also the difference in buying and selling of INR is also too great
u can buy 143 INR for one gold
but to buy 1 Gold u need to spend 180+ INR
Dharma.. If anything there is just too much INR in the market and needs to be sucked out. Releasing more INR is nothing less than suicidal for the economy..If anything it will destabilize the market
Over last few days, its actually the other way round where companies are getting more INR for less gold as the value of currencies across the world has slipped...
o7
vote this! HAIL EDEN!
http://www.erepublik.com/en/article/helou-eserbs-1739072/1/20
Great job guys...Economy is in much better shape...and looking good... Hats off for the work done by you graf... o>
Sweet.