tag:blogger.com,1999:blog-4513524515428334509.post7988809083836056669..comments2024-03-26T10:41:35.852+00:00Comments on The 1709 Blog: Bollywood pays the price for Phone Booth copyMarie-Andree Weisshttp://www.blogger.com/profile/17125973798789498436noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4513524515428334509.post-16702177072828283642013-03-24T21:15:04.957+00:002013-03-24T21:15:04.957+00:00Prashant Reddy over at Spicy IP has posted a comme...Prashant Reddy over at Spicy IP has posted a comment on the case in which he says that the proceedings were actually settled and there was in fact no finding of copyright infringement. See http://spicyipindia.blogspot.com.au/2013/03/a-clarification-on-fox-knockout.html Seems just like a Bollywood story to me.Sonalhttps://www.blogger.com/profile/10643298370681998059noreply@blogger.comtag:blogger.com,1999:blog-4513524515428334509.post-24484792570973057772013-03-23T08:11:18.518+00:002013-03-23T08:11:18.518+00:00Rather ironically, the three and a half year priso...Rather ironically, the three and a half year prison sentence handed down to Sanjay Dutt for possession of an assault rifle has been confirmed by India's Supreme Court. Not a good week for the Bollywood star, and he must report to prison in four weeks according to the Times.Benhttps://www.blogger.com/profile/01868498334405853494noreply@blogger.comtag:blogger.com,1999:blog-4513524515428334509.post-3248246746372822582013-03-17T10:44:49.199+00:002013-03-17T10:44:49.199+00:00It's all in the commas.
1 Lakh = 1,00,000 (1...It's all in the commas. <br /><br />1 Lakh = 1,00,000 (100,000) That's one hundred thousand Rupees (US$1,846). <br /><br />1 Crore = 1,00,00,000 is 100 Lakhs. (10,000,000) That's 10 Million Rupees (US$184,600). <br /><br />So a lakh crore is 100,000 x 10,000,000 which is 1,000,000,000,000 a thousand billion Rupees. Divide by 54 for dollars and you have US$18,460,000,070<br /><br />Given scale of economy in India this works very well. You can even be a Lakh patti and Crore patti - people who have wealth of more than a Lakh or Crore respectively. Great if you can't wait to be called a millionaire! For example to be getting a Rs 1Lakh + salary ($1,846) is a very big thing in general society. <br /><br />So from a developed country perspective the US$280K may sound low, but fines in India are matched to average ability to pay. Traffic fines are in the region Rs 50-200 ($1-4). This is a massive fine by Indian standards and it is good to see the judge giving the maximum. That is the statement. RichardIGPhttps://www.blogger.com/profile/14909822902439934843noreply@blogger.com