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For example 150,000,000 (one hundred and fifty million) rupees is written as "fifteen crore rupees", "₹ 15 crore". [1] In the abbreviated form, usage such as "₹ 15 cr" is common. [3] Trillions (in the short scale) of money are often written or spoken of in terms of lakh crore. For example, one trillion rupees is equivalent to: ₹ 1 lakh ...
The naming procedure for large numbers is based on taking the number n occurring in 10 3n+3 (short scale) or 10 6n (long scale) and concatenating Latin roots for its units, tens, and hundreds place, together with the suffix -illion. In this way, numbers up to 10 3·999+3 = 10 3000 (short scale) or 10 6·999 = 10 5994 (long scale
Cognizant failed to pay the tax of more than 25 billion rupees ($385 million) in the 2016–17 financial year, according to The Hindu, citing officials from the tax department. [156] The court asked the company to deposit 15 percent of the disputed tax, amounting to 4.9 billion rupees ($75 million) as security deposit till it decides on the case.
This resulted in a decline in the dividend paid to the government from ₹658.76 billion in 2015–16 to ₹306.59 billion in 2016–17 and ₹500 billion in 2017–18. [ 67 ] [ 167 ] [ 168 ] It was estimated that this decrease in income for the government could cause the fiscal deficit for the financial year 2016–17 to increase from the ...
The Digital Rupee (e₹) [39] or eINR or E-Rupee is a tokenised digital version of the Indian Rupee, issued by the Reserve Bank of India (RBI) as a central bank digital currency (CBDC). [40] The Digital Rupee was proposed in January 2017 and launched on 1 December 2022. [41] Digital Rupee is using blockchain distributed-ledger technology. [42]
793 billion (equivalent to Rs. 4.0 trillion or US$14 billion in 2021), constituting 2.7% of the total GDP. [8] By 2025, the government predicts tourism will contribute Rs. 1 trillion (US$3.5 billion) to the Pakistani economy. [9]
The total bank deposits increased from ₹ 59.1 billion (equivalent to ₹ 2.8 trillion or US$33 billion in 2023) in 1970–71 to ₹ 38.31 trillion (equivalent to ₹ 96 trillion or US$1.1 trillion in 2023) in 2008–09. Despite an increase of rural branches – from 1,860 or 22% of the total in 1969 to 30,590 or 42% in 2007 – only 32,270 of ...
[45] [46] Meanwhile, the largest purchase of US dollars in the history of 1976 [47] was when the West German government achieved an almost 3 billion dollar acquisition (a figure is given as 2.75 billion in total by The Statesman: Volume 18 1974). This event indicated the impossibility of balancing of exchange rates by the measures of control ...