

N ow that the rupee has a symbol that is on its way to global recognition, the time has come for the government to take the next logical step: globalise the way money is counted in India.

This means moving away from the business of lakhs and crores, which is an indigenous legacy, and switching to the millions and billions that the world is familiar with.

This might seem a trivial issue to focus on when weightier matters cry out for attention; but weightier matters will always be there, and it would be wrong to dismiss a mass convenience factor so lightly, especially when the changeover can be accomplished quite easily.

In the globalised world, financial statements are usually prepared on standard software programmes which uniformly use millions and billions, with the commas falling metronomically after every three digits (rather than every two in the Indian system, once you are past the thousand mark).

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