http://us.rediff.com/money/2005/jul/06ceo.htm
Vivek Paul, who left Wipro last week, took home Rs 7.15 crore (Rs 71.5 million) as vice-chairman of the company last year. Former Ranbaxy Laboratory CEO Davinder Brar earned Rs 4.17 crore (Rs 41.7 million) and A Hieronimus, MD of Motor Industries, took home Rs 3.25 crore (Rs 32.5 million).
http://www.cia.gov/cia/publications/factbook/fields/2046.html
POVERTY LINE definition, as per Government of India, see below for explanation, at Rs. 10 per day, per person, approx. Rs. 300 /month.
The World Bank's definition of the poverty line**, for under developed countries, like India, is US$ 1/day/person or US $365 per year. As per this definition, more than 75% of all Indians are, probably, below the poverty line!
As per the Government of India, poverty line for the urban areas is Rs. 296 per month and for rural areas Rs. 276 per month, i.e. people in India who earn less than Rs. 10 per day. As per GOI, this amount will buy food equivalent to 2200 calories per day, medically enough, to prevent death. At this level of earning, even in a poor country like India, survival on Rs. 10 per day is a nightmare! This actually translates to Rs. 3650 per year or US $ 75 per year.
The minimum wages in India, vary from state to state and city to city, and average Rs. 1000 - 1250/month or Rs. 12,000 - 15,000/yr. Or US $ 250 - US $ 300/yr. India's per capita is US $ 440 per year. (China's is US $ 990).
source http://www.wakeupcall.org/index.php
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You know you are a desi when ........ You spew forth the virtues of India, but don't want to live there...............You've never had a tanning salon membership
Quote:
Orginally posted by Loser
POVERTY LINE definition, as per Government of India, see below for explanation, at Rs. 10 per day, per person, approx. Rs. 300 /month.
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