Chart of the Day | India’s Busiest Airports (H1, 2016)

India is working on a plan to upgrade its airports over the next six years, Economic Times reports. It quotes Minister of State for Civil Aviation Jayant Sinha as saying that in the next 10 to 12 years, there will be billion footfalls in our airports. The government wants to make sure that the capacity keeps up with the demand.

A look at the passenger traffic in top ten busiest Indian airports shows that it grew 18.76% in the first half of 2016 compared to the same period last year. Delhi’s Indira Gandhi International Airport, the busiest in the country, grew at over 21% in the first half this year. Among the top five, passenger traffic in every airport grew at over 10%.

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News in Numbers, Aug 17, 2016: Hike becomes a unicorn, dengue cases on the rise in Delhi…

$175 million

What is it? The amount Indian messaging startup Hike Messenger has raised from a group of investors led by Chinese Internet firm Tencent Holdings and Taiwan-based Foxconn Technology Groupat a valuation of $1.4 billion.

Why is it important? This is Hike Messenger’s fourth and its biggest round of funding and with this, the startup has now entered the unicorn club. This would help the startup invest in services and make the product better even as it tries to catch up with the most popular or dominant messaging platform Whatsapp in India. Hike has over 100 million users, of which 95% are Indians while Whatsapp hit the 1 billion-mark globally in Feb this year.

Tell me more: Hike was launched by Kavin Bharti Mittal, son of Sunil Mittal who is the chairman of Bharti Enterprises, in December 2012. It has raised over $250 million so far.

 

3.55%

What is it? The increase in India’s wholesale price inflation in July, up from 1.62% in June.

Why is it important? This was the fastest in nearly two years (23 months) and was due to increase in inflation of both food and non-food articles. While the former increased by 9.38% last month (compared to 8.18% in June) the latter quickened to 9.49% in July (from 5.72% in June). Cereals, pulses, vegetables and fruits were the main reasons for the increase in food inflation while fibers and oil seeds pushed up non-food inflation.

Tell me more: In the last one year or so, the gap between wholesale price index-based inflation (WPI-based) and consumer price index-based inflation (CPI-based) has narrowed: last month, CPI-based inflation accelerated to 6.07%, again the highest in 23 months.

 

194

What is it? The number of companies that have been asked by Bombay Stock Exchange to delist. They have been suspended from trading for the last 13 years.  

Why is it important? This will help public shareholders. The promoters of the delisted firms have to purchase shares from the public shareholders at a fair price arrived at by an independent valuer (who is appointed by the exchange). The markets regulator is taking steps to bring down the number of listed companies to reduce the risk of price manipulation through such firms and improve the governance of public markets.

Tell me more: The Securities and Exchange Board of India (SEBI) would reportedly attach the assets and properties of companies that fail to comply with the delisting notices. In June, it was reported that the BSE was finding it difficult to follow SEBI’s order of delisting firms that have been suspended from trading for more than seven years as half of the 509 letters sent by the exchange bounced back, indicating that the promoters are not traceable.

 

277

What is it? The number of dengue cases reported between June and August in Delhi.

Why is it important? With nearly 40% of the cases having been reported in the first two weeks of this month, the numbers suggest that the number of cases are displaying an increasing trend. A total of six cases were reported in May, 15 in June and 91 in July. Delhi reported 15,867 cases last year, the worst in 20 years and 60 lives were lost to the vector-borne disease.

Tell me more: As of June 28, India recorded 8,307 cases and at least 10 deaths from/due to dengue. According to one estimate, dengue costs India over $1.1 billion per year.

 

39

What is it? The number of airports in India that are not under the cover of the Central Industrial Security Force (CISF).

Why is it important? Soon, all 98 functional civil airports in the country would be brought under the security cover of the CISF, according to a decision taken at a meeting attended by ministers and officials of the Home and Civil Aviation Ministries. The Intelligence Bureau warned on Tuesday that none of the Indian airports are safe and do not have the capabilities to withstand an attack similar to that in Brussels that took place in March killing 32 people and injuring over 300.

Tell me more: The Home Ministry has ordered a security audit of all the airports and the probe committee is expected to submit its report in 20 days. The central government would then work with state governments to plug the loopholes at all airports.

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News in numbers, Jan 27, 2016: Lower forecasts for commodities, hotlines at Indian airports…

 

37

What is it? The number of commodities of 46 monitored by the World Bank are whose prices are projected to fall in 2016.

Why is it important? This is good news for major commodity importers like India, as it could boost economic growth. India consumed 3,846 thousand barrels a day of crude oil in 2014, but domestic production was only 895.

Tell me more: Crude oil prices are projected to recover from current lows (below $ 30 a barrel) to $ 37 a barrel.

 

42%

What is it? The percentage of tenders floated in the construction sector in the last 12 months that are yet to be awarded, according to State Bank of India. The composite index compiled by the bank fell to its lowest level in last one year to 47.3.

Why is it important? India’s largest bank has identified three sectors – construction, steel, and textile – that are facing headwinds, and need help. Higher non-award of tenders indicate implementation delays are still continuing.

Tell me more: Rs 509,478 crore worth of tenders were floated in 2015, but only Rs 293,073 crore were awarded.

 

1.5 acres

What is it? Proposed change in land required to set up engineering college in mega and metro cities, as compared to current norm of 2.5 acres. In rural areas, the All India Council for Technical Education recommended 7.5 acres as against 10 acres.  Other proposals include meeting 20% of faculty requirement as adjunct teachers or industry veterans.

Why is it important? The proposal, if implemented, will reduce cost of setting-up colleges in urban areas as land cost have spiralled in the last 16 years. Allowing a fifth of faculty from industry will help tide over shortages.

Tell me more: There are 3,384 engineering colleges with an annual capacity of 1.63 million students as on March 2014.

 

13

What is it? The number of airports that will have hotlines – two dedicated lines with video conferencing facilities – installed to improve security.

Why is it important? These hotlines are expected to help in hijack situations by making communication more efficient. The lines will connect crisis management room in aviation ministry and the office of cabinet secretary. Six planes have been hijacked in India since 1947.

Tell me more: Delhi, Mumbai, Kolkata, Chennai, Hyderabad, Bengaluru, Trivandrum, Nagpur, Ahmedabad, Chandigarh, Jaipur, Lucknow and Guwahati are the airports that will have this facility.

 

74.77 million

What is it? The number of iPhones sold by Apple in quarter ended December 26, 2015

Why is it important? This is essentially flat from 74.5 million iPhones it sold during the same period last year, underlining concerns that iPhone sales might have plateaued. iPhones account for 68% of revenues for the company. It’s important for Apple because it hasn’t yet launched a product that’s as successful as iPhone. While iWatch and Apple TV saw record sales last quarter, they come nowhere close to iPhones. Apple car, whose launch could be years away, is facing roadblocks.

Tell me more: Apple has projected a revenue of $50 billion to $53 billion in the current quarter ending March 2016, from $58 billion a year ago. This will be the first time its revenue declined in the last 13 years.

 

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