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Monday, July 30, 2012

Wealth of the Nations

We've seen how countries boast of their natural resources, their human capital and their excellent infrastructure. But is there a way to measure the same? Or still better, can all this be added up to give an idea of the total wealth of a nation. There certainly is we believe and today's chart of the day tries to address just that. The United Nations last month published balance-sheets of around 20 nations which included three kinds of assets: "manufactured", or physical, capital (machinery, buildings, infrastructure and so on); human capital (the population's education and skills); and natural capital (including land, forests, fossil fuels and minerals). Guess who topped the list on this type of wealth front? The USA indeed. At US$ 118 trillion, its wealth is head and shoulders above the rest of the nations. India, at US$ 6.2 trillion is way lower on the list. Worth noting that human capital represents around 75% of America's wealth. Thus, given its huge population, India stands a good chance of increasing its wealth a great deal more if it makes its workforce more skilled.

Wednesday, June 6, 2012

Air India has the highest numbers of employees per aircraft

Public sector carrier Air India has been in troubled waters for quite some time. The main reason for all its problems seems to be its highly inefficient operations. As today's chart of the day shows, Air India has the highest numbers of employees per aircraft. No reputed airline in the world has such a high ratio. What is the reason for overstaffing at Air India? One reason that is cited for the high number of employees at the national carrier is that it tends to hire staff to please political bosses. In other words, the hiring has little to do with operational requirements and competence but just political connections. This is certainly not acceptable because taxpayers' money is being pumped into this ailing carrier.

Do you think the government was right in bailing out Air India? If not, then raise your voice and participate in our Ban Bailouts campaign. Remember every vote counts.

Data source: Business Today

Tuesday, May 29, 2012

Do you know 1 INR was equivalent to 7.5 USD

Today we talk about INR's (INDIAN RUPEE) depreciation against US Dollars. Do you know 1 INR was equivalent to 7.5 USD? It was in 1966 the rupee pegged 7.5 USD. Rupee was valued well before the globalization.

It was only in the 1990's the government decided to devalue the rupee for the globalization sake. Rupee was devalued 9.29 % and 11.3 % subsequently on 1st and 3rd July 1991.

Please refer the following url for more details:

Monday, October 3, 2011

Chart on BRIC's Highest Personal Income Tax!


Benjamin Franklin famously quoted that "in this world, nothing is certain but death and taxes." This statement is definitely true for most emerging markets. Today's chart of the day shows the personal income tax rates (at the highest bracket) for countries in the BRICS (Brazil, Russia, India, China, and South Africa) nations. Out of these only Russia is spared, having a flat tax rate of 13% applicable to domestic residents. In India, the highest tax bracket kicks off at Rs 0.8 m, and the maximum income tax rate on income is 30.9%, including an education cess of 3%. In China, the highest income tax rate is a whopping 45%. Both India and China pay taxes at a rate, well above their Asian peers. In the Asian region, the average rate remains at just over 23%.

Data source: KPMG Survey, 2011
*includes educational cess of 3%

Wednesday, September 28, 2011

News about Realty Sector!

The realty sector never fails to surprise us. Or rather shock us. Take today's chart of the day for instance. It highlights the demand supply scenario in the affordable housing space in the five major cities of India. As shown, the demand far outstrips the supply for affordable housing. This state of affairs should certainly raise questions about why developers seem to ignore the opportunity that is present in plain sight and instead, opt to build premium projects. If a leading daily is to be believed, it has to do with the cost of the land and the long gestation periods that affordable housing projects usually take. Little wonder, the sector is in a state of complete mess as the safe haven for developers during a slowdown has hardly been a viable undertaking.

Tuesday, September 27, 2011

An interesting article about Mr. PV Narasimha Rao, the powerful Prime Minister

he was one of the most decisive leaders this nation has seen. On all crucial issues, he took decisions that have continued to shape India's rise over the last two decades. Manmohan Singh [ Images ] is touted as the father of Indian economic reforms but as Singh has himself acknowledged it was Rao was fathered the process. Singh was an economic technocrat with little understanding of the political constraints. It was Rao who shielded Singh from the Left of his own party who had left no stone unturned in opposing the economic liberalisation programme.


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