I can’t help wondering how much this school charges for monthly tuition nowadays, if it still exists.
And I wonder if anyone can tell me what the present-day equivalent of two Indian rupees would be 🙂
Abbaji, please translate what is written next to ‘Received from’ 🙂
Days Of Yore 
Thanks for another edition of “Days of yore.
A quick calculation tells me that what cost Rs. 2.00 in 1948 would cost Rs. 90.46 in 2011 which is an increase of 4423.00%. Since this is a school run partly by a charitable trust and partly funded by the state, the tuition fees would not be more than Rs. 150/-.
150 Indian rupees is 300 Pakistani ones. Still unbelievably cheap!
my calculation says its somewhere around Rs 302
considering the avg inflation rate is 7.9% for the last 50 years
How does one KNOW such facts? o.O
Abaji’s middle name starts with a ‘T’?
Yup! Tayyabali…remember? 😉
That’s such a typical Western India thing! Your name, your father’s name, then surname.
Mamuwala M.T.
Really interesting. Your Abbaji really seems to be digging deep down on his treasure hunt. I hope he finds more treasure.
Nafisa
Let’s see what we can find next!
Gold was $35 ounce in 1948. Today it is around $1535 – an increase of 4385%. 2 rupees would be around 87.71 rupees today. The old receipt itself would however be worth much more – at least in my estimate.
Thanks for the comment Mansur bhai 🙂 4385% is a huge leap! Finance and figures have never been my strong suit so I appreciate the feedback…hahah!
You’re right of course, this receipt is a historical treasure 🙂
Wow ! this is great.