Kashmir: Missing the woods for the trees?

22

What is it? The number of social networking sites and applications banned in Kashmir, for either a month or till further orders.

Why is it important? Such sites are being blamed for fanning trouble by letting protesters circulate messages and videos, instigating mob fury further. However, it is also being criticised as a stop-gap measure. Internet access was already hobbled by an earlier ban on mobile high-speed data, as students took to the streets in droves to voice dissent from the administration and military force.

Tell me more: Facebook, Twitter, Whatsapp, Wechat, QQ, Qzone, Google Plus, Skype, Line, Pinterest, Snapchat, Youtube, Vine and Flickr are some of the apps being banned.

 

84

What is it? The number of Uttar Pradesh IAS officers who have transferred under Yogi Adityanath administration on Wednesday.

Why is it important? It’s the biggest administrative change that UP chief minister has made since he came to power on March 19th. Large scale transfers are often used by the political leadership to assert themselves. Data shows one out 10 of postings in 20 key departments in the state cadres last only 33 to 71 days. One out of five IAS officers spend less than a year in a posting on average.

Tell me more: 54 IPS officers have also been transferred.

 

7.6%

What is it? The estimated average increment for employees of mobile phone operators this year.

Why is it important? Compared to 8.4% last year, the increment is set to decrease as carriers’ profitability is strained in the cutthroat competition. Price wars and imminent consolidation in the industry have dented performances of the leading players.

Tell me more: Aon Hewitt which has published the report expects overall India Inc increments to hover at 9.5%.

 

~$1.1 billion

What is it? The amount of the deal South Korean Kia Motors, a Hyundai subsidiary, is expected to sign on Thursday for its first Indian factory.

Why is it important? While the investment will be a feather in the cap of Andhra Pradesh, India also gains more importance for Hyundai and Kia.  China’s consumers sentiments turn against Korean chaebols as South Korea tests a US-made anti-missile system. India has been the fastest-growing passenger car market, though China is over seven times its size.

Tell me more: The new plant will produce 300,000 a year, and become operational by the second half of 2019.

 

~20 percentage points

What is it? The reduction in corporate tax rate in the United States, per president Donald Trump’s new tax plan.

Why is it important? This is the first big tax reform since 1986, and is aimed at encouraging businesses to invest more, boost the economy and create jobs. However, there are concerns that it might also increase deficit.

Tell me more: Trump has reduced the corporate tax rate from 35% to 15%, and the number of individual income brackets from seven to three.

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