Thursday, October 14, 2010

Mumbai's Economic Role in India



Mumbai accounts for 16% of income tax collections and 35% of corporate tax collection in the country.

• Mumbai accounts for 25% of the State's income at current prices.

• 66% of the sales tax revenue in Maharashtra originated in Mumbai.

• Mumbai is home to both the National Stock Exchange and the Bombay Stock Exchange and dominated the turnover and total market capitalization of the Indian stock markets. The share of these two exchanges is about 92% with respect to the total turnover. They represent virtually the total market capitalization of India's corporate sector.

• Contributes 30% of customs duty.

• Mumbai handles 26% of the domestic air traffic cargo and an average of40%of the international air cargo traffic in country and about 25% of the domestic and 38% of the International air passenger traffic in the country.

• The number of telephone connection in Mumbai is estimated to be approximately 2.31 million. Of the approximately 7 million cellular subscribers in India, 10% of the subscribers are believed to be in Mumbai.


• 2.5 million tax assesses.

• Mumbai accounts for a significant share in deposits mobilization (14% of total deposits) and deployment of credit (21% of total credit) of scheduled commercial banks.

• Mumbai accounts for almost 30% of Foreign Direct Investment (FDI) in the State.

• Handles over 35% of cheque clearances in number and 60% in value, more than 10 times that of any other metro.

• By 2020 Mumbai will have 27 Million people and will be the 2nd largest city in the world after Tokyo

Mumbai makes us proud and here are reason for people who need them





Mumbai singlehandedly handles about 25% of the domestic and 38% of the international air passenger traffic in the country.
  • Mumbai's suburban rail systems carry a total of 2.2 billion passengers every year. Incidentally, the world's population is 6 billion.
  • Mumbai's literacy rate is 85.6% (female: 82.7%, male: 90%) compared with India's overall literacy of 65.4%.
  • Mumbai's per capita income is Rs 48,954. This is almost three times the national average!
  • At the end of financial year 2002-03, Mumbai paid Rs 28,000 crore in taxes, 35% of India's collection of Rs 82,000 crore!
  • The original Walkeshwar Temple was destroyed by the Portuguese, but was rebuilt by Rama Kamath in 1715.
  • Bombay University was founded in 1857 at the Town Hall, and was shifted to the new complex near Oval Maidan in 1874.
  • The Elphinstone College was originally built for the Government Central Press at a cost of Rs 7.5 lakh.
  • The city's first church - the St Thomas Cathedral - was built at Horniman Circle in 1718.
  • The first post office in Bombay was opened in 1832 at the residence of the junior magistrate of police at Byculla.
  • The Stearns & Kittredge company was given permission in 1874 to start Bombay's first tram service with a fleet of 900 horses.
  • The East India Company appointed Sir George Oxenden the first governor of Bombay in 1668.
  • Until 1864, the city's highest ranking police officer was called Police Chief. Post 1864, the title was changed to Police Commissioner.
  • The Hanging Gardens at Malabar Hill was built over three reservoirs which can store up to 300 lakh gallons of water.
  • The first inter-city railway was built between Bombay and Surat, and was completed in 1864.
  • The Great Indian Peninsular Railway laid the first rail tracks in India between Thane and Bombay.
  • It took 60 years to merge the seven islands of Bombay into one landmass between 1784 and 1845.
  • Bombay's highest population growth rate was between 1661 and 1675 when it rose six times from 10,000 to 60,000.
  • The 2nd governor of Bombay, Gerald Aungier, was behind its development into a major centre of commerce.
  • The name Bombay was derived from Bom Bahia (The Good Bay), a name given by Portuguese sailor Francis Almeida, in 1508.
  • When a person travel towards Mumbai,one can see milestone stating Mumbai 35 Kms, but where is Mumbai Zero Kms, it is at Flora Fountain
  • The railway tracks of the Churchgate Station originally extended beyond Azad Maidan in the direction of Afghan Church, which was later changed to a tar road.
  • Former English cricket captain Douglas Jardine of Bodyline fame was born in Malabar Hill, Mumbai, in 1900.
  • India’s first cricket club, Orient, was founded in Bombay in 1848.
  • Mumbai orginally was a cluster of seven separate islands, and the southernmost island was called Old Woman’s Island.
  • Nobel Laureate Rudyard Kipling who wrote Kim and The Jungle Book was born in Mumbai.
  • There are 14 platforms inside the Chhatrapati Shivaji Terminus, earlier called Victoria Terminus.
  • Mumbai’s first ever meteorological observatory was built in Colaba in 1826.
  • The wooden pole in the centre of the Banganga Tank in Mumbai signifies the centre of the earth. Legend has it that Lord Ram created the tank by piercing the earth with his arrow.
  • The Lumiere brothers introduced Motion Pictures to India with six soundless short films at Bombay’s Watson’s Hotel in 1896.
  • There is an original portrait of former US President Abraham Lincoln at the Prince of Wales Museum.
  • Lord Elphinstone performed the opening ceremony after railway tracks were laid between Bombay and Thane in 1853.
  • The railway line from Mumbai to Pune through Bhor Ghat was built by a woman named Alice Tredwell in 1863.
  • The Quit India Movement was launched by Gandhiji in Mumbai in 1942 from Gowalia Tank. It is now called August Kranti Maidan.
  • Mumbai industrialist Jamshetji Tata was the first Indian to own a car.



Toilet in India - How to use

If anyone has been to India, undoubtedly this is a question that we have all found ourselves asking, "How to use this toilet"


I hope that this happy little illustration can clarify the matter. Enjoy. (Also keep in mind that this is comparatively speaking a very nice bathroom compared to most that you encounter while backpacking around India...)
(Step-1)
(Step-2)
(Step-3)


(Step-4)
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(Step-7)


I really appreciate the string of comments that I get on this site. If you visit this link, please do leave comments as we all enjoy them and it gives us all perspective on a variety of views regarding this popular matter.