Chart of the Day | LinkedIn User Growth

With 37 million of its members in India, LinkedIn counts the country as its second largest market after the US. Its potential is even bigger. Facebook, with 125 million users, is thrice as big in the country. So, it’s no wonder that LinkedIn has launched a lite version of its mobile app, which will work better with lower data speed, to expand its user base here. This chart shows how it has grown globally since 2009.

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Chart of the Day | India’s Busiest Airports (H1, 2016)

India is working on a plan to upgrade its airports over the next six years, Economic Times reports. It quotes Minister of State for Civil Aviation Jayant Sinha as saying that in the next 10 to 12 years, there will be billion footfalls in our airports. The government wants to make sure that the capacity keeps up with the demand.

A look at the passenger traffic in top ten busiest Indian airports shows that it grew 18.76% in the first half of 2016 compared to the same period last year. Delhi’s Indira Gandhi International Airport, the busiest in the country, grew at over 21% in the first half this year. Among the top five, passenger traffic in every airport grew at over 10%.

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Chart of the Day | Reserve Bank of India’s profits

Reserve Bank of India’s profit is 2.4 times of Reliance Industries

The Reserve Bank of India (RBI), India’s central bank, reported a surplus of Rs 65,876 crore for the twelve months ended March 2016, the highest ever in its 81-year history.

At this level, RBI’s surplus is 2.4 times of Reliance Industries’ (RIL) profit of Rs 27,630 crore reported during the same period. RIL is India’s most profitable company, ahead of software companies like Tata Consultancy Services and Infosys.

And the biggest beneficiary of this record surplus is the central government. As per the RBI Act, the central bank has to transfer all its surplus to the government.

So how does the RBI earn money? Mainly through interest bearing domestic and foreign securities. Around 85% of its total income of Rs 80,870 crore.

And it hardly spends money with total expenses of Rs 14,990 crore. Salary bill (Rs 4,058 crore), agency charges (Rs 4,756 crore) and printing of notes (Rs 3,421 crore) were the major expenditure items. Agency charges are the commission paid by RBI to the banks that sell government securities. Apart from being the central bank, RBI also functions as a banker to the central government selling bonds.

Should the current arrangement of transferring all surplus to government continue, or should RBI be given powers to spend the money for public good? What do you think? Let us know.

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Chart of the Day | Tenure of Reserve Bank Governors

Raghuram Rajan had the second shortest stint among post-1991 RBI governors

Since 1935, India’s central bank has had 24 people—all men—occupy the top post, the latest being Urijit Patel, beginning today. The 23 who came before him have had tenures of widely varying durations. On the one extreme lies A Ghosh, who was there for all of 20 days in 1985. On the other extreme was Sir Benegal Rama Rau, who took over 1949 and stayed there for nearly seven-and-a-half years.
Judging by the general consensus on his performance, Raghuram Rajan would have been a shoo-in for a term longer than the three years he ends up with. In this list of 23, that only ranks him 13 in the list of longest tenures as RBI governor. Even among the six RBI governors who have completed their terms since 1991, when India ushered in liberalisation, Rajan’s is the second shortest tenure, after S Venkitaramanan in 1991-92.

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