Today (15-10-1931) is the Birth remembrance of Dr.APJ. Abdul Kalam. There may be special speech on him and May also be some activities going on seriously about his works and his character. And especially wherever he visited, there will be sure some programs, at least a silent prayers on him.

A question comes to my mind -“Is it what he needed?”

Everyone is ready to speak on his greatness of being a kind hearted teacher, well-wisher, scientist, innovator, role model, etc. Many guest lectures, awards, roads, projects, scholarships, clubs, social servicing, creating a good name (goodwill) through his name.

Again the question raises in my mind “Is it what he needed”

What to say about this community or the world which is being diverted towards the media? Like a comedy we have in Tamil cinema in which Actor Vivek says that “if something happens seriously and media projects the same, people will speak about it for 3 days and again if media shows something about a peppy heroine’s marriage, people will start speaking about it and forgets the old news.”

Again the same thing comes to my mind “Is it what he needed”

I normally think about doing something unique that everyone should follow. But what should I do? Will I be able to get the attention of all kinds of people? Will the work gets a head-start through me as a mediator? How many will be able to follow me? Will I get noticed through Media Projections? Will the media get me to what I am trying to do? Or will it make an opposite impact of what I actually wanted to do? What if I do that wrong? These are the questions that I get in my mind to get started with any kind of social servicing.

Again I needed the answer for the question “Is it what he needed?”

Any number of new schemes may be introduced, any number of new ideas get shared, any number of new games may get emerged, any number of new films may be created, any number of shopping malls may be constructed, and any number of luxury things may get into its play.

But again the same question comes -“Is it what he needed?”

Smart cities may come, Smart scandals may happen, Smart politicians may emerge, Smart phones may play, Smart vehicles may get its role in India, Smartness in everything may happen. Is there Smart Classes applied in every schools? Oh…OK then at least we have Smart Classes for in every Colleges? Let it be….Do we have Smart Classes at least for Post Graduates in every institutions?

Again the same question comes -“Is it what he needed?”

Actually it is one of them he actually needed. He believed in the powers of youth. Youth power is the most powerful force we have in the world. India has the largest youth force when compared to all other countries in the world. We have to get united and should work for the dreams that he had in his life. And the priority for the same should be with “Revolution within 2020”. Shall we set it up right within it?

This is the news that made many persons to get shocked. The thing which made to think or remind us about the happening of Great Depression in 1929 and Sub Prime Crisis between 2007-09. 

Can you get what i am going to share about?

Its about the "Devaluation of China's Currency Yuan (CNY)".

First of all, we have to know what is Devaluation in terms of a currency. 

A deliberate downward movement to the value of a country's currency, relative to another currency, group of currencies or standard.

In other words, Devaluation is a monetary policy tool of countries that have a fixed exchange rate. It is often confused with depreciation, and is in contrast to revaluation.

What will be the effects of currency devaluation 

Exports may increase due to the cheap cost for the other countries and viz, Imports may decrease due to high cost to pay more when compared with before.

Increase in Exports and reduced Imports makes the country's balance of trade and payment to possibly positive. 

From that Inflation may get into play. They may in turn get their play on the GDP

Devaluation of Chinese Currency Yuan

Why this devaluation of currency Yuan happened? What and Why china had done this?

What will be the effect of the rest of the world from this devaluation?

What will be the chinese market's position (in market perspective)?

What will be the future for the china from this devaluation?

For all the above questions, the solution lies below,

China is having a peculiar procedure that the traders can push and pull the value of their currency Yuan. This made the currency to become stronger or weaker towards the US Dollars. Then the Central Bank so called People's Bank in china came into play taking into account all the previous ups and downs accordingly. Hence it had devalued the currency.

On the other side the major income contributor for the China is their exports. China's customs officials had affirmed that the exports of the China had come down to the extent of  8.30% when compared with their last year performance. It may be a tactic of devaluing their currency to make their exports stronger than before. 

Being the rest of the world, China is a country which had made its currency artificially down to make its manufacturers get their share of income. Hence many developed countries like USA being a largest consumer of these things will be facing a negative thrift because of their products becoming costlier than china's hence loosing the market share.

Some countries may have invested on the china's development, in turn devaluing them will cause the economy to get pushed to a negative side. Especially showing them as a weaker nation and devaluing again will make them even more worse.

China's future may be in pressurized situation as the currency Yuan is one of the most accepted currencies. Its liberalization for their exporters getting benefited will cause some ill effects from which the same will be reversed sooner to be in the competition with their supporting and also rival countries in trade. 

             My other workings will be updated soon...........

               This is my First Authored Paper in the topic of  " Corporate Reporting" and presented the same in the " 36th International Accounting Conference and International Seminar" conducted by " Indian Accounting Association" in Andhra University, Vishakapatnam......

           I feel happy to publish this post with my workings through the link given below.........

https://drive.google.com/file/d/0B_yNyk4z9liwUEFVY2YxVGlsTWc/view?usp=sharing