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Indian MPs worth over Rs 3,000 crore
India is home to the largest number of poor in the world, but the 543 Members of Parliament, who have been elected to the Lok Sabha, have a combined asset of Rs 3,075 crore. In a nation where over 28 crore people live below poverty line, the average asset of the MPs elected to the Lower House of Parliament works out to be over Rs five crore. Interestingly, the total asset size of the new MPs makes their congregation more valuable than a vast majority of the public companies.
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Types of life insurance: What you must know
Why is life insurance important? Is it something that you should consider? Have you thought about your family's financial state, or your security after you've retired? How will you take care of them, or yourself? Before we get into the whys of life insurance, here's a brief overview:
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Each employee is worth Rs 1 crore for Infosys
Human capital is mostly ignored by accountants, believes the management of India's second-largest information technology services provider, Infosys Technologies. Arguing that this should not be the case, the company has used the 'Lev & Schwartz' model and pegged the value of each employee at Rs 97 lakh (Rs 970,000), primarily based on the potential value of their future earnings for the company.
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