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IGB - Financial Report 11-06-2010

Day 934, 02:22 • Published in India India

• by Indian Government Bank

FINANCIAL ASSETS

64841 INR
666 GOLD

INCOME
325 Gold - Karnataka Rental Agreement

EXPENDITURE
200 Gold - Malaysian Training War MPP
100 Gold - USA/India MPP
50 Gold - Bharatiya Rashtrapati Office (President)
63 Gold - Resistance War in North-West Frontier Province
3,500 Inr - Indian Armed Forces
900 Inr - Internal Affairs India
- - - - - - - - - - - - - - - - - - - -

NEW TAX SYSTEM ANALYSIS

As everyone is now aware the new 'Tax System' in India is underway with all Income, Import and VAT taxes set at the lowest amount possible ie 0-1%

The following information was captured at the start of DAY 934 and we will publish an update shortly with further analysis to see if the new system is having a positive or negative effect on our economy

Indian Citizens - 1198
Money in Treasury - 2807.46 Inr
Companies in India - 384
Total Value of Companies - 17060 Gold
Total Value of Licences to India - 8700 Gold
Number of Employees in India - 712

COMPANY BREAKDOWN (Q1, Q2, Q3, Q4, Q5)

Food
59 - 16 - 07 - 02 - 03
Gifts
17 - 01 - 00 - 00 - 00
Weapon
67 - 13 - 07 - 04 - 03
Moving Tickets
23 - 00 - 00 - 01 - 00
Grain
40 - 11 - 09 - 01 - 00
Diamonds
03 - 00 - 00 - 00 - 00
Iron
10 - 00 - 03 - 00 - 00
Oil
01 - 00 - 00 - 00 - 00
Wood
21 - 13 - 16 - 03 - 00
Houses
11 - 04 - 04 - 00 - 01
Hospitals
06 - 00 - 00 - 01 - 01
Defense System
02 - 00 - 00 - 00 - 00

Please lets give this tax system a trial period to see the results both for businessmen and also citizens and then we will make any required changes, also remember to tell everyone to come to India to receive the highest wages in the World

Comments

Jelen od Potoka Day 934, 02:25

Captain Niks Day 934, 02:36

RESERVE BANK OF INDIA!!!

Abhi347 Day 934, 03:16

wages r not the highest for Q1 manu. I am trying to make it high though 😉

Enigma1990 Day 934, 03:22

The Khurram Day 934, 03:26

Voted,

MTrading Day 934, 03:56

Showing a company breakdown doesnt make sense. You should post the active companies!

Wing0 Day 934, 04:42

"Karnataka Rental Agreement - 1300 Gold"
"325 Gold - Karnataka Rental Agreement"

So are we getting 1k+ for the rent of Karnataka or is it only about 300 ?

hsharma83 Day 934, 05:08

Voted

MTrading Day 934, 05:22

@wing0: prolly they meant to say 325 ( x4 = 1300)

Ind1anMartyr Day 934, 06:20

yes...karnataka is 1300 a month.

BroodRoosterNL Day 934, 06:50

Agniveer Day 934, 08:10

voted

ChandraGuptaM Day 934, 17:15

Thanks. Good report. Voted. Couple of points
1) Can you convert all INR income/expenses to gold at current market rate so it is easier to understand the numbers and their impact.
2)So we dont make any money from taxes? Dont see it in the income section.
3)We are having a -ve net income(unless you have missed out something) which is not good. That tells us clearly that some adjustments would need to be made to continue to have the economy like a well oiled machine. We can't run our coffers down and then decide to change things.

Njofrinjo Day 934, 17:29

voted

Phil Brooks Library Day 935, 07:50

any comments on INR falling to 0.027g, and what do you plan to do to stop the currency from losing more value?

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