Monday, July 14, 2014

Money Magnet

1 lakh is fairly small. You can hold a bundle worth Rs 1 lakh easily in your hand if it’s in 1,000 rupee notes. (These dimensions are based on the RBI specs for the Mahatma Gandhi series of notes. A Rs 1,000 note is 177mm x 73mm x 0.11mm). It weighs around 116 grams, and can be easily carried around.
Rs 10 lakhs is a little bulkier. It’s approximately the size of a stack of A4 sheets, or a large format book – about 14” x 14” x 0.4”. It weighs over a kg, but can still be comfortably carried around. In fact, Rs 10 lakhs can be carried in a person’s pockets without much discomfort.
If we place 10 such stacks one above another, we get a Rs 1 crore stack. This is 14” x 14” x 4”, about the size of a jewel box. It’s quite heavy, though – about 12 kg – which makes it a bit difficult to carry easily.
Rs 10 crores is can be packed in a large suitcase. At 3’ x 2.5’ x 8” and 116 kg it is difficult for most people to carry. If placed in a car, it can cause the wheels to compress a bit.
Rs 100 crores is about the size of a bed. At 6’ x 5’ x 1’8”, you can wrap all the currency inside a rather tall bed, and leave no one the wiser if you didn’t want it to be found. However, it does weigh over 1 tonne.
Rs 1,000 crores can fill half a room of dimensions 12’ x 10’ to a height of 4’2”. It weighs 11 tonnes. At this point, the volume of wealth is higher than any candidate other than Nandan Nilekani’s. (So even if the candidates had their entire property in cash, it would fit comfortably in their living rooms, or in their garage.)

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