Too much money spending will only INCREASE the value of the currency. People in this message board are spreading the wrong message, one, because they may be jealous and two, they find themselves in the wrong place after going through the hardship of leaving India and settling abroad. By the way, Bush distributing free Dollars in the name of tax rebates makes the Dollar weak...people living abroad should mind their own beeswax.
Who benifits from salary hike? The Malls and shop keepers. I had been to Gurgaon and recently to Bangalore and Mumbai. I am surprised to see youngsters spending money at the malls like there is no tomorrow. Too much money to spend automatically will reduce the value of money.
RE:its good
by arshad mirza on Jun 26, 2008 01:45 AM
You must be earning it in USA...a lot of guys including me earning $5000 pm here in india itself..so keep quite..u r not earning much..come back..
I believe though the situation demands stern action, IT companies are happy in these times because it gives them an excuse to perform their cost cutting measures by blaming the macro environment. If we calculate the transport subsidy or food subsidy as a total % of income or expenditure it would be minuscule. Moreover considering that the overall recruitment scenario is grim, even not raising salaries to the same extent as last year will not impact attrition in a significant way. In fact when analysts write bad things about IT industry the industry is happy because its employee retention programs deliver the intended benefit.
Money is what it can buy. Yes what it can buy. If your salary increases by 3 times over last 5 years but you have to buy the same appartment you dreamt of for 1.6 crs now instead of 60L back then..you are running at the same place. but looking at high salaries all the well established NRI are coming back to India??? and becoming VP in a BPO??? and sstill feel that getting tonnes of BPO jobs is great for the country as so I all the malls that have sprung up. I am from Mumbai now settled abraod...and i can say that mumbai needs more gardens and parks and a good waterfront and not malls.
RE:Worth of money
by idiotix on Jun 25, 2008 10:20 AM
when more people earn more and more amounts of money, the value of money depreciates. simple inescapable fact of life. about 15 years ago the number of people earning a crore of rupees (as salary) a year were probably 10 or 15 in all of india. now there must be atleast a few thousand of them.
so now theres loads of people who are loaded with cash, and they are chasing the same scarce commodity - space. when demand outstrips supply, prices rise. theres nothing much, you or the govt can do. praying might help, but braying senselessly definitely doesnt.
RE:Worth of money
by idiotix on Jun 25, 2008 10:20 AM
when more people earn more and more amounts of money, the value of money depreciates. simple inescapable fact of life. about 15 years ago the number of people earning a crore of rupees (as salary) a year were probably 10 or 15 in all of india. now there must be atleast a few thousand of them.
so now theres loads of people who are loaded with cash, and they are chasing the same scarce commodity - space. when demand outstrips supply, prices rise. theres nothing much, you or the govt can do. praying might help, but braying senselessly definitely doesnt.
RE:Worth of money
by idiotix on Jun 25, 2008 10:21 AM
when more people earn more and more amounts of money, the value of money depreciates. simple inescapable fact of life. about 15 years ago the number of people earning a crore of rupees (as salary) a year were probably 10 or 15 in all of india. now there must be atleast a few thousand of them.
so now theres loads of people who are loaded with cash, and they are chasing the same scarce commodity - space. when demand outstrips supply, prices rise. theres nothing much, you or the govt can do. praying might help, but braying senselessly definitely doesnt.
RE:Worth of money
by muhammed hussain on Jun 25, 2008 09:54 AM
Well said... who needs these hangouts in the form of malls. More garden and park are very much needed.
I dont know why the govt is not able to control the costs, everything has become so costly, right from daily need goods to luxury goods...
Hope we get normal soon, every body in bleeding in this inflation hit period.
