What is lacs in india

The Rajah of Jyneghur offered him a lakh of rupees a day as soon as the grand army should enter his district. If rupees be required, said the Shah, these persons will ask a pledge in property of a lakh of rupees. New Word List Word List. Save This Word!

The usual punctuation for sums of Indian money above a lakh is with a comma after the number of lakhs: Rs. Within traditional Indian music, however, musicians spend 15 years from early childhood in un-paid apprenticeship with a music guru, perfecting their skills in playing traditional instruments like the sitar, violin, drums or flute — but with highly uncertain outlooks for ever making a living from music.

Their reward is the passion for their art. India is pushing ahead with an ambitious space programme of its own and with nuclear energy deployment there are seven nuclear power plants and more planned.

At the same time, the appalling lack of public and private toilets poses both a huge sanitary and a night-time security problem predominantly so in the countryside. And finally, the numbering system: obviously, India uses the decimal system. But superimposed onto it, you find an archaic system for large numbers, representing a heritage from the ancient Sanskrit language: one lakh L is equal to one hundred thousand Using a particular Indian digit grouping, it is written as 1,00, As an example, rupees becomes 1,5 lakh rupees, written as Rs 1,50, or INR 1,50, For even larger numbers, one crore cr denotes ten million 10 Using Indian digit grouping, one crore is written as 1,00,00, So, there are lakhs to a crore.

In daily written or spoken language the notions of crore and lakh are consistently used, at least for large amounts in Indian rupees. A conspicuous exception is provided by Indian English. Two Hindi words for cardinal numbers have passed into standard Indian English, bringing with them a distinct way of thinking about numbers. These are lakh , meaning one hundred thousand, and crore , meaning ten million. The various editions of this collection provide an invaluable resource for documenting vocabulary borrowed from around the world, often supplying the earliest evidence for such words.

While Purchas provides the first written documentation in English for crore and lakh , these terms and their cognates were already well-established in many South Asian languages. As the use of English in India surged during and after the British Raj , both became standard usage in the English of the region, and they remain in common use in Indian newspaper articles, textbooks, and works of literature.

While widely used in a variety of contexts, we find that both crore and lakh are most frequent in discussions of money. The first series of the Indian version of the popular game show Who wants to be a Millionaire? Lesser prizes were counted in lakhs, while those below one lakh are in thousands.

This is typical of the counting system used in Indian English. The prize immediately below the one crore grand prize was one of fifty lakh rupees fifty multiples of one hundred thousand.

Where a speaker of British English would naturally convert this number to five million rupees, such a conversion would be far more unusual in Indian English. Large numbers of rupees are counted in multiples of lakhs until they reach one crore, with million usually being skipped altogether although see below for a common exception.

The values of these terms are reflected in the Indian system of numerical notation. The London-based newspaper uses the Indian system of counting for its Punjab-based story, supplying the value of rupees in lakhs, rather than the British English equivalent, 1. Numerically, British notation would render this figure as 1,,—commas dividing one million and thousand.

However, standard Indian notation gives this as 19,80, To a speaker of Indian English, this figure may be easily read as the above number, the commas here dividing 19 lakh and 80 thousand. It would be unusual for such a speaker to count this as 1. Therefore, large numbers continue to be rendered in lakhs until one crore is reached, and recorded as 1,00,00,