I got this one from Sreeprakash.
Some interesting currency units being proposed.
Lakhs & Crores no longer work – too many zero’s to handle – so we talk of Lac crores etc
As part of Globalization, one unit which works best is $Billion, which also makes it easier for all to benchmark against their local systems
But for India another simpler system also emerges:
New Units of Money
The huge amounts mentioned in the recent scams have an upside: they have given us convenient new units for communicating large figures:
Rs.1,000 crores= 1 Radia
Rs.10,000 crores= 1 Kalmadi
Rs.1,00,000 crores= 1 Raja
This will make it easier for us to comprehend and communicate large numbers. For example:
Anil Ambani’s new home in Pali Hill will cost Rs 4.5 Radias
India’s total annual subsidy on kerosene is Rs 2 Kalmadis
ONGC’s annual output is worth Rs 1.2 Rajas
India’s loss in the 2G scam is approximately Rs 1.7 Rajas
Poor Pramod Mahajan left behind only Rs 1.4 Radias