News in Numbers – June 13, 2016

50

What is it? The number of people shot dead in a gay nightclub in Orlando, Florida by a lone gunman.

Why is it important? The latest mass shooting, the worst in US history, brings to fore the easy availability of guns. There have been at least 1,001 mass shootings in the US resulting in 1,141 deaths since December 2012, according to Gun Violence Archive data. 

Tell me more: The identity of the gunman, a New York born muslim with parents from Afghanistan, is likely to become an election issue where Donald Trump, the presumptive republican nominee, had openly advocated ban of muslims entering US.

133

What is it? The rank of Riya Singh, who topped among the girls in the Joint Entrance Examination (JEE) Advanced conducted for entry into the Indian Institute of Technology (IITs).

Why is it important? Only 13% of 36,566 candidates qualified were female students in the results announced on Sunday. The numbers underscore the barriers to entry for nearly half the student population in cracking admissions to India’s top engineering colleges.

Tell me more: 23 IITs admit 10,575 students in academic year 2016-17. The biggest chunk is IIT, Kharagpur with intake of 1,341 students.  

Rs 600 crore

What is it? Fine levied on five private run hospitals by the Delhi government for not treating poor patients.

Why is it important? Hospitals were allotted land at subsidised rate with a condition that 25% of in-patient and 10% of out-patient capacity to treat poor patients free of cost. The action by government follows a public interest litigation by Social Jurist in 2007 that private hospitals be fined for not giving free treatment to poor patients.

Tell me more: The land were allotted between 1960 and 1990, and the fine amount is calculated till 2007 from the time the hospital became operational.

145%

What is it? China’s corporate debt to GDP ratio.

Why is it important? A top International Monetary Fund official has called it a “key fault line in the Chinese economy”. The huge debt, which was once seen as essential to drive growth, could have adverse impact on China, and owing to the size of its economy, on the world, if it’s left unchecked.

Tell me more: Meanwhile, India is trying hard to tackle its corporate debt that have gone bad. Arundhati Bhattacharya, chairman of India’s largest lender State Bank of India, said the banks should have had more tools and resolution mechanisms to deal with bad loans.

Rs 6,700 crore

What is it? The amount I Squared Capital, a private equity firm, is looking to invest in India over years through its ISQ Global Infrastructure Fund.

Why is it important? It could provide a boost to India’s rooftop solar energy aspirations, a key focus of the fund. It plans to invest about Rs 2000 crore on roof top solar. Indian government is targeting 100GW of solar capacity by 2022, and hopes to pull it off even earlier – by end of 2017.

Tell me more: I Squared Capital was founded by former Morgan Stanley executives, Sadek Wahba, Gautam Bhandari and Adil Rahmathulla all specialising in infrastructure. Its Global Infrastructure Fund has a corpus of 3.8 billion.

 

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