News in numbers, Dec 9, 2015: Job creation numbers, India’s missing women and children…

 

43,000

 

What is it? Net fall in jobs in textiles, automobiles, leather, metals, gems and jewellery, transportation, information technology/business process outsourcing (IT/BPO) and handloom/powerloom sectors in the April-June quarter this year, compared to the previous quarter, per quarterly employment survey.

 

Why is it important? This is a four-quarter low for job creation in manufacturing and export-oriented sectors. Despite a 7% GDP growth recorded in the first quarter of 2015-16, dismal job creation numbers show economic recovery is slower than expected and still has a long way to go.

 

Tell me more: Automobiles and textiles and apparels reported the largest decrease in jobs in the April-June 2015 quarter: 18,000 and 17,000 respectively.

 

1.35 lakh

 

What is it? Number of missing women in India as of November 30, 2015, as per government records.

 

Why is it important? That is an increase of 41% from nearly a year ago. Trafficking of women and children for various purposes such as for domestic help, forced marriages, sexual exploitation, forced labour, begging rackets and stealing of organs, is a major problem in India. According to non-governmental organisation, Prajwala, which had moved the Supreme Court against trafficking of women and girls, as many as 200,000 women and children are inducted into the flesh trade every year.

 

Tell me more: The number of missing children as of November was 61,000, an increase of 34.5% from December 2014. The Indian government has approved the setting up of 150 specialised investigative units on crimes against women in states and union territories on a 50:50 fund sharing basis.

 

Rs 1,427 crore

 

What is it? The amount Flipkart India and Flipkart Internet borrowed from banks by pledging their assets in the August-October period this year.

 

Why is it important? High growth companies such as Flipkart tend to avoid debt, because it comes with interest costs, and other risks related to default. Instead, they go for venture capital funding. In fact, Flipkart has raised $3.2 billion since inception – and over 80% of it in the last two years.

 

Tell me more: Flipkart India and Flipkart Internet reported a loss of Rs 2,000 crore in 2014-15, three times the loss it posted the previous financial year.

 

Rs 65-70 crore

 

What is it? The amount the two new Indian Premier League franchisees for Pune and Rajkot will forego from the central pool of the league’s revenue to be a part of IPL.

 

Why is it important? Shows the intensity of competition for the franchise. In fact, New Rising Promoters and Intex Technologies would be paying BCCI Rs 16 crore and Rs 10 crore respectively, per year for the teams. Power utility CESC Ltd chairman Sanjiv Goenka’s New Rising won Pune by bidding minus Rs 16 crore while mobile phone maker Intex Technologies got Rajkot by bidding minus Rs 10 crore. In a reverse bidding process by the Board of Control for Cricket in India (BCCI), the companies that bid for the lowest amount to be received from the central pool for the teams, are declared winners.

 

Tell me more: These two teams would replace Chennai Super Kings and Rajasthan Royals for two years.

 

Rs 5,000

 

What is it? Flight ticket prices (starting range) to fly from Mumbai to Goa between December 20 and January 1.

 

Why is it important? This is half of the ticket prices that reigned five years ago between the same sectors. And, Goa is one of the busiest places to holiday in Christmas/New Year season. Fuel prices at a near seven-year low and increase in capacity have led to this drop.

 

Tell me more: The average airfare between the New Delhi-Mumbai sector in December 2015 is Rs 4,984 compared to Rs 5,581 in 2010.

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