Tag Archives: information

INTERESTING FACTS

Copyright@shravancharitymission

By Kamlesh Tripathi

 

 

The Chinese economy is five times bigger than India’s.

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The Indus Waters Treaty (IWT) reserved for India just 19.48% of the total waters of the six-river Indus system

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India is selling 25 million smart phones per quarter and the anticipation is 700 million smart phones in hand by 2020. Internet penetration is growing with 332 million internet users in India. Is now second largest international market, ahead of the US.

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Aadhar is the only billion-user platform outside the US and the only government one.

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India is the largest young country in an ageing world and will continue to have a young population for the next 25 years, whereas China has started ageing.

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Thailand has 25 million international visitors per year while India has only 8 million.

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The International monetary fund estimates that Indian per capita income more than tripled from about $550 in 1991 to $ 1800 last year.

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In 1991, the world’s most populous country accounted for a scant 3.6% of global gross domestic product. By 2015 this had nearly doubled to 7%.

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WHO estimates that the average Indian lives 10 years longer today (68 years) than a quarter century ago. But he has yet to catch up with the average Indonesian (69 years), and continues to lag behind the average Chinese (76 years).

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Between 1991 and 2015, India slashed infant mortality by more than half- from 86 deaths to 38 deaths per 1000 births.

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The international Telecommunications Union estimates that mobile subscriptions in India reached 79% of population last year, up from 62% just five years earlier. That sounds awfully impressive until you realise that in China the mobile penetration is 93% and in Indonesia it’s a stratospheric 132%.

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Back in 1950s and 1960s, US steelworks and auto workers were by far most productive in the world, and could demand high, rising wages. But today the workers in developing countries have acquired skills that are almost as good.

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Before the industrial revolution, China and India accounted for over half of world GDP, but their share fell to barely 7% in the 20th century.

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In the 20th century Europe was twice devastated by World Wars, letting the US forge ahead. US hegemony followed in the second half of the 20th century. Even US workers without college degrees had skills that were globally scarce, and so attracted high pay.

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The world Bank says the number of poor people globally more than halved from 1.75 billion in 1990 to just 702 million in 2015; the proportion of people in extreme poverty fell from 37% to 9.6%; and the world Gini coefficient (which measures inequality) fell from 75% to 62%.

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The US is indeed a great country, but for completely different reasons. It has been the most welcoming country for immigrants in history. Half the start-ups in Silicon Valley are by people of Chinese or Indian origin. Many Nobel Prizes have been won by first or second generation immigrants.

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What a lie: Out of the 6753 candidates of the 2009 Lok Sabha elections that were scrutinized, only four admitted that they had exceeded the limit of election spending as prescribed by ECI while 30 said they had spent 90%. The rest claimed that they had spent 52-55%.

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The telecom industry saw only 40% of the spectrum on offer being sold in 2016. In particular, the complete absence of any bids in the 700 MHz and 900 MHz bands came as a rude shock.

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Recently, interesting though intriguing data from 70-80 countries show that anxiety levels increase when there is less work (James Tozer in the Economist, citing a study done by the World Bank, in 2015).

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Economic liberalisation in China and India are commonly thought to have started in 1978 and 1991 respectively.

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SHORT STORY: TEXTILE MERCHANT … know your strengths

Copyright@shravancharitymission

 

short1 shortstory

TEXTILE MERCHANT … know your strengths

    Once upon a time. There lived a merchant who used to deal in textiles. He used to reside close to a port where ships from foreign countries used to dock with loads of merchandise. And from whom, he used to buy goods to sell in the local market through his shop.

    He had five workers who use to work under his manager. And the manager in turn used to report to him. So in all he had six employees. Each time, when a ship moored in the port. The merchant used to send his manager to get the details of the merchandise available, and basis his acumen and the information collected by him. The Merchant used to buy the merchandise, and the same used to get conveniently sold in his shop located in the market.

    One day, the employees working under the manager came up to the merchant and started requesting for a higher salary on the plea, that they work harder than the manager. Who only sat there and gave instructions while they did the entire labour. The merchant gave them a patient hearing and promised to look into the matter.

    One day when the merchant received a communication from the dock that a ship had arrived loaded with textile. He, instead of sending his manager sent one of the employees working under him to find out about the merchandise that had arrived in the port.

   The employee happily left, thinking the merchant this time had given him a chance to prove himself, instead of the manager. And after sometime he returned from the port when the merchant asked,

    ‘From which country has the merchandise arrived?’

    ‘I don’t know about the country master, but it is big ship with lots of merchandise.’

    ‘What kind of fabric do they have?’

    ‘I don’t know about that master, but there are big bundles, appearing to be thaans’  (bolts of fabric).

    ‘But are the thaans designed for children, ladies or gents?’

    ‘Master I didn’t ask about that. You want me to check again?’

    ‘Then tell me the price range of each thaan? Basis which I will be able to make out whether it is for ladies, gents or children?’

    ‘Sorry master I missed that too.’

    ‘And what about the total value of the merchandise?’

    ‘No idea master.’ Replied the employee, somewhat embarrassed and staring at the floor.

    Merchant looked at the employee pensively and said, ‘Few days back you and your fellow colleagues had come asking for an increase in salary. Because you felt you work harder than the manager. This time I gave you an assignment of the manager. Thinking you will be able to at least equal what he does, if not out-perform him. Had I sent the manager he would have got all the details without my asking and perhaps he could have answered ten more queries of mine. Basis which I could have made my purchase decision.

    Now to get all the relevant information in one go. I will again have to send someone. So, whom should I send this time?’ asked the merchant.

    The employee looked up and politely replied, ‘the manager master.’

    Moral of the story: Before we expect a higher salary or consider ourselves appropriate for a higher position. We must analyse how talented, skilled and knowledgeable we are about the assignment we are aspiring for. In this case while the jobs of employees had more of physical work the manger’s job was to gather niche information about the merchandise. But that alone helped in making purchase decisions, leading to sales, generation of revenue and profits.

By Kamlesh Tripathi

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Shravan Charity Mission is an NGO that works for poor children suffering from life threatening diseases. Should you wish to donate for the cause the bank details are given below:

NAME OF ACCOUNT: SHRAVAN CHARITY MISSION

         Account no: 680510110004635 (BANK OF INDIA)

         IFSC code: BKID0006805

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