Dollars no good for the Taj Mahal - Democratic Underground

OhioChick

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Mon Nov-19-07 09:42 PM
Original message

Dollars no good for the Taj Mahal

Friday, 16 November 2007, 16:15 GMT

Foreign tourists to many of India's most famous landmarks will no longer be able to pay the entrance fee in dollars, the government says.

The ruling is aimed at safeguarding tourism revenues following the recent falls in the dollar.

Until now, foreign tourists to sites such at the Taj Mahal have had the option of paying in dollars or rupees.

The ruling will affect nearly 120 sites of interest run by the Archaeological Survey of India (ASI).

Of these, at least 27 are World Heritage sites, including the Taj Mahal.

http://news.bbc.co.uk/2/hi/south_asia/7098370.stm

Never heard a complaint of US Corporations sending jobs there....

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AndyTiedye

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Mon Nov-19-07 09:45 PM
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1. The Companies are Starting to Complain About How Many Dollars they Have to Pay Them

Salaries in Bangalore are up, and the dollar is down.
Offshoring is not as profitable as it used to be.

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OhioChick

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Mon Nov-19-07 09:46 PM
Response to Reply #1

3. Companies Will Find a Cheaper Destination. n/t

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AndyTiedye

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Mon Nov-19-07 09:48 PM
Response to Reply #3

5. They Need an Educated Workforce

and they still would have to deal with the declining value of the dollar.

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soothsayer

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Tue Nov-20-07 06:38 AM
Response to Reply #3

7. ironically, we'll be the cheaper destination! which is goodish. Hollywood

is staying here instead of going to canada, for instance.

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OhioChick

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Tue Nov-20-07 09:55 AM
Response to Reply #7

8. You Are Correct. n/t

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Cronus Protagonist

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Mon Nov-19-07 09:45 PM
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2. So the Rupee is now more valuable than the Dollar

Where are all the fiscal conservatives now? Shouldn't there be an outcry against the president and his policies? Next thing you know, some people in border towns are going to have to ask to be paid in Canadian Dollars or Mexican Pesos to safeguard the value of their work.

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MADem

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Mon Nov-19-07 09:48 PM
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4. The discriminatory pricing, right out in front, is the most interesting part of the piece.

After all, they have a right to take just their own currency if they want. Why take one that is dropping on a daily basis?

Entrance fees to the sites in question will be either 250 rupees ($6.35) or 100 rupees ($2.54).
...Indians only pay 20 or 10 rupees to enter ASI sites, a difference often questioned by foreign tourists.

But officials say there is nothing wrong with this because most Indians earn far less than the foreign visitors.

"The uniform rate applied by most foreign countries are often too high for most Indians anyway," the tourism ministry official told the BBC . ...the Indian government has also decided that nationals from the regional South Asian Association for Regional Co-operation will not have to pay the higher rate.

Nor will people holding a government-issued People of Indian Origin (PIO) card.

India earned more than $6.5bn in foreign exchange from more than four million foreign tourists to the country last year.

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bbinacan

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Mon Nov-19-07 10:11 PM
Response to Original message

6. To increase the value

of the dollar, the Fed needs to raise interest rates dramatically.

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