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ICOR Figures And Corollary


wealthymattersIncremental Capital Output Ratio (ICOR) is the additional capital required to increase one unit of output. This ratio is used to measure the efficiency of an industrial unit or country as an economic unit. The lesser the ICOR, more efficient the organization.

India’s ICOR has more than doubled in the last year,meaning we are now half as efficient as before in the use of our capital.

In 2011-12,we needed to invest 5.4 Rupees to make 1 rupee,i.e we were getting an average 18.5% returns on our money invested in businesses.In 2012-2013,the returns fell to 8.7%.

So what sort of returns do you make on money invested in  business?Is it above or below the national average? If you feel business is slower or that its increasingly difficult to turn out a decent profit.you are not alone…….

If this is the sort of returns promoters on an average can make on money,guess what investors , especially retail investors are likely to receive….. Read more of this post

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Datta Phuge Dons His Bespoke Gold Shirt


Datta PhugeDatta Phuge calls himself “the gold man” and to live up to this self-image, he ordered himself a shirt made of gold to ring in the new year. He is a chit fund businessman from Pimpri,near Pune . His wife – Seema Phuge is an NCP corporator,

As he took the delivery of his custom-made 3.25 kg 22 karat gold shirt last Thursday he had jewellery weighing 5 kg loaded around his neck and wrists as accessories.

His next, but by far more modest, aspiration in the making, is a gold covered mobile phone.

About 15 goldsmiths laboured over 15 days, working 18 hours a day, to make 14,000 gold flower rings, interwoven with one lakh spangles, which were assembled on a fabric base of imported white velvet. The shirt has six Swarovski buttons and a gold belt to complete the look.

“After extensive research on the design and the look of the piece, I decided to give it an armour-like appearance,” says Tejpal Ranka who designed this opulent apparel.

Phuge, clearly a lover of bling, owns about 10 gold chains (including three chains of 70 tolas or 700 grams each), six bracelets and 25 rings, collectively weighing 10 kilograms.

But his most prized possessions are custom-made personal effects, which include a pen and a wristwatch made by the same jeweller. Now, the shell of a phone from Nokia’s gold series is being further gilded. It is likely to cost him another Rs 2.5 lakh. The phone is expected to be ready in a month’s time. “The body would be retained and the cover would be made in gold. This will be challenging as the elasticity of plastic cannot be matched by gold; so the skill set of the designer is put to a complete test,” says Ranka.  Read more of this post

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