Are we very weak in mathematics?
If 130 crore is distributed to 130 crore people, each will get Rs. 1/-(Rupee One only )
Even if 20 lakh crore is distributed to 130 crore people, each will get approximately 15000 (15384) only.
Look below and know it.
To give one rupee to one citizen - India needs 130 crores
To give Ten rupees to one citizen - India needs 1300 crores
To give 100 rupees to one citizen - India needs 13000 crores
To give 1000 rupees to one citizen - India needs 130000 crores
To give 10000 rupees to one citizen - India needs 1300000 crores
To give one lakh rupees to one citizen - India needs 13000000 crores
To give Ten lakh rupees to one citizen - India needs 130000000 crores
To give One crore rupees to one citizen - India needs 1300000000 crores (13000 Lac Crores)
This works out to 13000 lakh crores. Whereas the package is only 20 lakh crores. Where and how can we have some balance as suggested by you? Fantastic WhatsApp Message.
If 20 lakh crores is distributed to 130 crores Indian, each Indian will get only just Rs. 15000/-What a person can do with 15k? It might go to the liquor shop for pleasure and joy. Ultimately India and Indians will be at loss. The Indian economy will go flat.
I think the mathematical calculation has gone wrong with the WhatsApp author followed by the ISC Author.
Members, Please check my calculation. I may also go wrong. I too poor at mathematics.
No life without Sun
Everything in your calculations is correct except 130 lakh crores, which should be either 130 crore crores or 13000 lakh crores.
Some people, to point out the government and bring down the works that are being carried out by the government, are trying these types of posts. We will never have such a time to see the correctness of the post and we will get carried away by that.
So this is a clear example that the social media news are fake and never accurate. I request all the members not to get carried out by such waste postings on social media.
You are absolutely right. (I edited my post) I went wrong with the zeros. It is13000 lakh crores or 130 crore crores. I think all who reads this thread are applying their mind to check the right figures. If every Indian is made crorepati, who will work in India? What would be life? Will there be farmers? Will there be laborers? Will there be any working class?
No life without Sun
So any true government will spend money on ventures and areas where it can generate further money, by creating more jobs and more goods and srvices. Government will assist by enhancing infrastructure also.
So to improve economy money has to be spnt n infrastructure, capital and using that produce more goods and services and create more jobs. Thi wil create a self acceleration of further jobs, further production.
So government will enable money coming by way of loans, subsidy, drawbacks, incentives, protection, insurance and some initial doles.
That is what is done now. It may not appeal to us now as we mean help as free cash donation or doles. But in Macro level it is ot to be so.At Micro level we may have to help some very needy by giving some cash. That is also being done bty the direct cash transfer,free ration, free LPG etc.
We not only have to surpass short term crisi, but we have to have a long term vision to prevent further crisis.
Knowledge is power.
Those of us who ate working in metro cities, the amount specified correctly by our member would be spared for rent or just provisions for a month. How can he bare this huge list of services and how would he care to this situation.
Lead the leader
Now I think we can give money but we can't make people rich by giving money. As our respected PM sir is talking about self - dependency and we are talking to give them money without calculations of their potentials and interests . There are these questions about this idea -
1)will our governments be free after giving this package ?
2)will everyone use this money properly to achieve self- dependency ?
I have presented my own view you may be agree with me or not.
K Mohan @ Moga
'Idhuvum Kadandhu Pogum "
Even this challenging situation would ease
Knowledge is power.
The government will spend the money and it will ensure that wealth will be created using the money they have seeded. That is why they are giving various benefits to the industries and that will increase the vacancies and people will get jobs. So I feel the strategy is good and that only should be continued. Already the government has announced a huge aid to farmers in the form of Ritu Bandhu or similar schemes. They are giving free rice and some items free to the poor and giving some cash also for their expenses. Expecting more from them is not a correct point I think.
PM Cares Fund is the new account for giving the donation
Congress party has said the new fund lacks transparency, and it has questioned why it was created and why it could not be merged with the older fund, the Prime Minister's National Relief Fund, which was set up in 1948 and has a balance of 38 billion rupees ($498.6m)
if this 38 billion rupees amount is distributed among poor Indians they will be thankful to the government.
Regarding the objection of Congress party about lacking in transparency in PM Cares Fund, government should rebut the congress with evidences to enhance the people's confidence.
Do you ever think which political parties are the richest..and why ?
Do you ever think how many 'Free services' are given to elected representatives?
But if Rs 500 is given to poor you think they have become rich ? Why should they be given any extra paisa...? Can you feed your family in 500/ per month?
You need to rethink. I think you are thinking that 38 billion rupees is too big an amount to distribute to the poor Indians. If distributed to the poor,( considering 50 percent of Indians are poor) each poor Indian would get just Rs. 60/- only. 38 billion is only 3800 crores which is a peanut amount for our government in front of 20 lakh crore package. What Congress President Rahul thinks is also wrong. Need to learn mathematics. To give Rs. 500/- to each poor, the government needs Rs. 3800 billion/380000 crores/3 lakh 80,000 crores per month. It is not easy to have this money easily. Let us learn good mathematics.
No life without Sun