toronto municipality budget
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Quote:
Orginally posted by rajcanada
You are comparing a city from a country ranked 11 (in terms of per capita income PPP, Canada, International $ 29,740) and city from a country ranked 143 (in terms of per capita income PPP, India, International $ 2,880).
http://www.worldbank.org/data/databytopic/GNIPC.pdf</font>
Yes, but relevant to this website because our users are Indians who live in Canada / prospective immigrants....
Quote:
Orginally posted by crenshaw
Quote:
Orginally posted by rajcanada
You are comparing a city from a country ranked 11 (in terms of per capita income PPP, Canada, International $ 29,740) and city from a country ranked 143 (in terms of per capita income PPP, India, International $ 2,880).
http://www.worldbank.org/data/databytopic/GNIPC.pdf</font>
Yes, but relevant to this website because our users are Indians who live in Canada / prospective immigrants....
Good Analysis but i guess the exercise would be worthless.
1 lt. milk here cost you is CAD 1 (=35 Rs.) and in mumbai Rs. 25 means comparison factor is 1.4 (35/25)
25 km ride in Go Transit cost you CAD 3.5(Rs.123) and same traveling in train in Mumbai cost you Rs.4 means comparison factor is 30.75 (123/4)
Above both are the basic need of the people. One factor showing 1.4 and other 30.75, now whats the meaning of this result
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Kap
Quote:
Orginally posted by Kap
Good Analysis but i guess the exercise would be worthless.
1 lt. milk here cost you is CAD 1 (=35 Rs.) and in mumbai Rs. 25 means comparison factor is 1.4 (35/25)
25 km ride in Go Transit cost you CAD 3.5(Rs.123) and same traveling in train in Mumbai cost you Rs.4 means comparison factor is 30.75 (123/4)
Above both are the basic need of the people. One factor showing 1.4 and other 30.75, now whats the meaning of this result
Thanks for your comments Kap.
That's why PPP is computed using a basket of different products, that are commonly consumed.
PPP computations are used in a range of GDP and per capita analysis.......While PPP factors do have their limitations, they are considered to be among the more reliable indicators....
Oh and on the subject of train travel, can you make a journey from CST to Virar in Rs 4?
Location: Beef and Bacon Country
Posted on: 18-10-04 16:29:43
I used to travel Virar to CST in 4 rupees in 1985 
Quote:
Orginally posted by crenshaw
Quote:
Orginally posted by Kap
Good Analysis but i guess the exercise would be worthless.
1 lt. milk here cost you is CAD 1 (=35 Rs.) and in mumbai Rs. 25 means comparison factor is 1.4 (35/25)
25 km ride in Go Transit cost you CAD 3.5(Rs.123) and same traveling in train in Mumbai cost you Rs.4 means comparison factor is 30.75 (123/4)
Above both are the basic need of the people. One factor showing 1.4 and other 30.75, now whats the meaning of this result
Thanks for your comments Kap.
That's why PPP is computed using a basket of different products, that are commonly consumed.
PPP computations are used in a range of GDP and per capita analysis.......While PPP factors do have their limitations, they are considered to be among the more reliable indicators....
Oh and on the subject of train travel, can you make a journey from CST to Virar in Rs 4?
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"Ever dance with the devil in the pale moon light?"
"I always ask that of all my prey."
"I just like the sound of it."
At this rate when will Indian budget catch up with Canadian budget at 10 % growth rate assuming
canadian economy stgnates forever.
Quote:
Orginally posted by crenshaw
Quote:
Orginally posted by Kap
Good Analysis but i guess the exercise would be worthless.
1 lt. milk here cost you is CAD 1 (=35 Rs.) and in mumbai Rs. 25 means comparison factor is 1.4 (35/25)
25 km ride in Go Transit cost you CAD 3.5(Rs.123) and same traveling in train in Mumbai cost you Rs.4 means comparison factor is 30.75 (123/4)
Above both are the basic need of the people. One factor showing 1.4 and other 30.75, now whats the meaning of this result
Thanks for your comments Kap.
That's why PPP is computed using a basket of different products, that are commonly consumed.
PPP computations are used in a range of GDP and per capita analysis.......While PPP factors do have their limitations, they are considered to be among the more reliable indicators....
Oh and on the subject of train travel, can you make a journey from CST to Virar in Rs 4?
Hi Crenshaw,
read before reply please.
You never reply what the people discuss or asked instead of you doing .........................., you and all knows.
Read in my post :
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25 km ride in Go Transit cost you CAD 3.5(Rs.123) and same traveling in train in Mumbai cost you Rs.4 means comparison factor is 30.75 (123/4)
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CST to Virar is just 25 km? HHhaaa man, really poor.
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Kap
Kap
The GO Transit is a longer distance transit system and thefore your comparison over a shorter distance is inappropriate……
I imagine that before coming to Canada you would have been earning Rs 25k to Rs 50k pm or perhaps more. You would probably travel first class. A one-way first class ticket from Churchgate to Virar costs Rs 104. A similar distance from Oakville to Union station in Toronto would cost about C$5.70, which translates to about Rs 200. Therefore the PPP factor in this case is less than 2.
You would have to consider equivalent levels of service if you want to compare the prices of the GO V/s that of the suburban trains in Bombay:
GO Transit - Travel from Oakville to Union Station, Downtown Toronto:
One way fare = C$5.70 = Rs 200 approx.
Travel time: 45 minutes
Class of travel: No distinction between first and second class. All carriages are air conditioned / heated, seating space available for the most part, no pushing and shoving to get onto the train.
Bombay suburban train - Travel from Churchgate to Virar:
One way fare = Rs 104 (first class), Rs 13 (second class)
Travel time = 90 mins (?) Bombayites might want to correct me.
Class of travel: Carriages are not air-conditioned, even in Bombay’s sultry weather….Bombayites might want to post any further comments as regards the conditions in which they travel…….
