News in numbers, Apr 22, 2016: FDI into India in 2015, Time’s list of 100 most influential people…

$63 billion

What is it? Foreign direct investment into India in 2015.

Why is it important?  It’s more than what China, which has been a huge magnet for greenfield capital investments last few decades, received during the same period. China attracted $56.6 billion in 2015, spread over 789 projects. India’s $63 billion was spread over 697 projects. The FDI has created 2.25 lakh new jobs in 2015 in India (compared to 1.6 lakh new jobs in 2013).

Tell me more:  The report is from fDi Intelligence, data division of Financial Times. The report said the Asia Pacific region accounted for 45% of all greenfield investments, taking in $302.5 billion and 3883 projects.

 

25%

What is it? The stake United Kingdom government is willing to buy in Tata Steel’s UK business.

Why is it important?  It might help Tata find a credible buyer, and in turn, help UK save about 15,000 jobs. Tata has been trying to sell its UK steel business, bought through its $12.9 billion acquisition of Corus Group in 2007. The business has turned sour with rising costs, drop in steel demand and cheap imports from China as well as a series of internal issues.

Tell me more:  Earlier this month, Greybull Capital offered to buy its long products business for one pound, and possibly save around 4,400 jobs. Tata Steel is in talks with a number of potential buyers.  

 

$42 million

What is it? The penalty on West Indies Cricket Board that BCCI (Board Of Control For Cricket In India) has now waived. It was imposed on WICB for West Indies team abandoning the 2014 tour midway.

Why is it important? This brings an end to a long spat between West Indies and India. The unfinished games will be played next year, as it was hinted last December. It also clears ground for more matches between the two teams since BCCI had suspended all bilateral tours till the issue was resolved.

Tell me more:  In 2014, West Indies, under captainship of Dwayne Bravo, had abandoned its tour in India midway over payment structure dispute between the players, WICB and West Indies Players’ Association.

 

> 150

What is it? The number of countries that will sign the Paris Climate Agreement on Friday, 22 April Earth Day in New York.

Why is it important? It’s the first significant step in taking forward the landmark deal struck in Paris last December, which seeks to limit the global temperature rise to below 2 degree C. It comes at a time when the effects of global warming are causing increasingly more concern. For example, the first three months this year has been the hottest ever.

Tell me more:  While it’s a significant first step, experts believe countries need more ambitious plans to tackle the impact of climate change – heat waves, food shortages and fast rising seas.  

 

6

What is it? The number of Indians in Time magazine’s 2016 list of 100 most influential people.

Why is it important? It’s a sign of soft power and widely followed and debated in India, even if the process of measuring people’s influence or someone making it to the list is far from perfect. Raghuram Rajan, Priyanka Chopra,  Sania Mirza, Sachin Bansal, Binny Bansal, Sunita Narain made it to the list. Prime Minister Narendra Modi, widely expected to be in the list, did not.

Tell me more: The first Time 100 list was published in 1999, with a list of 100 most influential people of 20th century. (Albert Einstein was ranked number 1, followed by Mahatma Gandhi). US President Barack Obama holds the record for maximum appearance, making to the list 11 times. The 2016 list also featured Aziz Ansari, Sundar Pichai, Raj Panjabi and Nikki Haley, all persons of Indian origin.

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