Vijay's Vision

                                                       -Dr. S. Vijay Kumar Money laundering is the process by which large amounts of illegally obtained money (from drug trafficking, terrorist activity or other serious crimes) is given the appearance of having originated from a legitimate source.  If done successfully, it allows the criminals to maintain control over their proceeds and ultimately to provide a legitimate cover for their source of income. Money laundering plays a fundamental role in facilitating the ambitions of the drug trafficker, the terrorist, the organized criminal, the insider dealer, the tax evader as well as the many others who need to avoid the kind of attention from the authorities that sudden wealth brings from illegal activities. By engaging in this type of activity it is hoped to place the proceeds beyond the reach of any asset forfeiture laws. Methods of Money Laundering: Smurfing: T his is a method of placement whereby cash is broken into small

  Devaluation (Depreciation) of Rupee: its Impact on Indian Economy                                                                                        - Dr. S. Vijay Kumar                                                                                                                                                      In a fixed exchange rate regime the term ‘devaluation’ is used. It means a deliberate downward adjustment of a country's official exchange rate by its government i.e. central bank (RBI in India) relative to other currencies. Where as in floating or fluctuating exchange rate currency's value is allowed to fluctuate according to the foreign exchange market. In this, it is known as   depreciation.              There are two implications for currency devaluation. First, devaluation makes a country's exports relatively less expensive for foreigners and second, it makes foreign products relatively more expensive for domestic consumers, discouraging im