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Source:- IIPM Editorial
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The rankings were decided on the basis of the cost of a shopping basket consisting of 95 goods and 27 services. This basket costs $ 38.5 in Mumbai and $ 42.8 in Delhi. Compare that to $ 121.5 in Oslo and more than $ 100 in London, Copenhagen, Zurich, Tokyo, Geneva and New York! The net hourly pay in Delhi is pegged at $ 1.2 and $ 1.4 in Mumbai, as against $ 19.5 in Zurich and upwards of $15 in London and New York. Finally, what’s urban life without that most vital ingredient – yes, right, we are talking about vacations! People in Delhi work 2,121 hours and are entitled to 15 paid vacations per year while in Mumbai, people work 2,205 hours and get 17 days off in a year. The global average is 1,844 working hours and 20 vacations. Seoul tops the list with 50.2 hours a week.
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Source:- IIPM Editorial
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Saudi Arabia’s international investment position is very impressive, thanks to the rising crude oil prices. Current account surplus for 2005 stood at a whopping $90.66 billion, as compared to $51.92 billion in 2004. Current account as percentage of GDP was at 28.3 in 2005, as against 20.6 in 2004. Reserves in terms of number of months of import cover totaled 21.20 in 2005, which declined from 25.50 in 2004.
violation perpetrated by the war, the facts are appalling. The US Defense Department, testifying before the Congress, stated that it paid $19 million to the Iraqis for around 600 separate incidents. With the commonly reported dole of $2,500 per victim, the admitted killings by Americans then mount up to 7,600! It was also reported that recently that the US had ‘bettered’ on their compensation and paid $38,000 for Haditha victims’ family members – averaging to a beggarly $1,600 per person ‘killed’ (read: raped and slaughtered).