The Slow Pace Of FDI

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What is it? The number of people lynched to death in Maharashtra’s Dhule district on Sunday by some villagers who suspected them to be part of a gang of child lifters.

Why is it important? This is the latest reported case in which victims have been attacked based on Whatsapp posts that have claimed that a group of child kidnappers was active in the area. Two people in Chennai were thrashed by locals on similar suspicions, though they were rescued and rushed to the hospital. Last week, two people were killed in separate incidents in Tripura, and two friends were killed in Assam earlier last month.

Tell me more:In the Maharashtra case, the police has detained 15 villagers.

$44.85 billion

What is it? The foreign direct investment (FDI) received by India in 2017-18.

Why is it important?FDI inflows to India grew by 3% in 2017-18 from a year ago, which is the lowest growth rate in five years. Before this, growth stood at 9% in 2016-17, 29% in 2015-16, 27% in 2014-15 and 8% in 2013-14. The slippage in growth comes even as India has made efforts to improve ease of doing business and moved into the top 100 in 2017, a jump of 30 places. Mauritius, Singapore and Netherlands were the top three FDI sources for India in 2017-18.

Tell me more:For this year’s World Bank’s ease of doing business rankings, India has reportedly targeted 90 measures, including simpler registration of new companies.

174

What is it?The number of VIPs that have sent requests for the creation of new zones or divisions in their constituencies that are under consideration by the Railway Board.

Why is it important? The cost of infrastructure to create a new zone is Rs 205 crore, while that for a new division would be around Rs 29 crore, excluding other costs such as creation/upgradation of posts, transfer and posting. Several committees have made a case against the creation of new zones, saying they are not financially/operationally feasible. For instance, the Rakesh Mohan Committee in its 2001 report had said that the “scheme for creation of new zones was a patently political one”.

Tell me more: Those who have made demands for such new zones/divisions include Uttar Pradesh chief minister Yogi Adityanath, former cricketer Sachin Tendulkar and Minister of Road Transport and Highways Nitin Gadkari.

23%

What is it?The percentage of road accidents on the Greater Noida-Agra Yamuna Expressway that were caused by speeding, an RTI response has revealed.

Why is it important? Since its inauguration in August 2012, the expressway has seen 4,956 accidents, killing 718 and injuring 7,671. Of these accidents, 1,161 were the result of speeding, 595 tyre bursts and 235 fog. The high numbers underscore how targeted policy and monitoring measures can reduce what are essentially avoidable accidents and fatalities.

Tell me more: In 2015, traffic accident deaths accounted for 177,423 (or 43%) of 413,357 deaths due to un-natural accidents. And road accidents accounted for 84% of total traffic accident deaths.

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What is it? Shots on goal by Spain in their Round of 16 match against Russia on Sunday evening.

Why is it important?In spite of utterly dominating the match with 74% possession, Spain could score only once in 120 minutes of regulation and extra time. By comparison, a Russia in lockdown mode directed only one shot towards Spain goal, and it scored. In the penalty shootout that ensued, Russia beat Spain. In another match yesterday, Croatia beat Denmark, also in a nervy penalty battle, firmly announcing the arrival of this unforgiving format.

Tell me more: England play their Round of 16 today against Colombia. England have lost all three penalty shootouts in world cup football: in 1990, 1998 and 2006.

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