Now, pay for dirtying Ganga 🌊

Rs 50,000 

What is it? The penalty that will be imposed for dumping waste into the Ganga river between Haridwar in Uttarakhand and Unnao in Uttar Pradesh, one among a slew of directions passed by the National Green Tribunal (NGT) on Thursday to rejuvenate the water body.

Why is it important? A pet project of Prime Minister Narendra Modi, the ‘Clean Ganga’ project has progressed slowly with only $205 million spent till now as compared to the total commitment of $3.06 billion till 2020.

Tell me more: The environment regulator has declared a no-development zone 100 metres from the river’s edge (between Haridwar and Unnao) and dumping of waste within 500 metres from the river has been prohibited.

 

Rs 5,945

What is it? The net profit of Tata Consultancy Services (TCS), India’s largest software services exporter, in the first quarter of 2017-18, 5.8% lower on a year-on-year basis.

Why is it important? This is the 11th consecutive month when the firm has either under-performed or failed to meet analysts’ estimates. A survey of 20 analysts by Bloomberg had estimated TCS’ net profit to be Rs 6,203.5 crore. This is the biggest drop in profits in two years. A stronger rupee impacted TCS’ results even as concerns over US President Donald Trump’s order for a review of a visa program for skilled workers remain.

Tell me more: The company’s headcount was lesser by 1,414 people to 385,809 at the end of June 2017 compared to the previous quarter – a net decline in its employee strength for the first time since 2010.

 

80

What is it? The number of people who have died due to floods and landslides in three north-eastern states – Assam, Manipur and Arunachal Pradesh – so far this season.

Why is it important? As many as 58 districts have been affected in the three states. In Assam, around 2,500 villages have been submerged and over 17 lakh people have been affected. Many district headquarters in Arunachal Pradesh have been cut off from the rest of the country while its capital Itanagar is cut off from its main connecting road (NH-415).

Tell me more: Jitendra Singh, the minister for the Development of North Eastern Region said that his team has approached the Ministry of Health to take steps to prevent the outbreak of epidemics and also, with the telecom ministry for the restoration of communication lines.

 

Rs 10 lakh

What is it? The money McDonald’s Corp will have to pay Vikram Bakshi, managing director of Connaught Plaza Restaurants, its estranged joint-venture partner for North and East India, according to a National Company Laws Tribunal (NCLT) ruling on Thursday.

Why is it important? The long-brewing dispute between the JV partners had seen Bakshi being ousted as the chief in 2013. The ruling reinstates Bakshi as the MD, restoring all the powers of an administrator to him.

Tell me more: The ruling reiterated allegations made by Bakshi, including violation of JV terms and an attempt to buy him out at a low valuation. In the kerfuffle, Connaught Plaza Restaurants recently shut 43 of its restaurants in Delhi, citing failure to renew requisite licences.

 

Rs 70,000 crore

What is it? The monthly value of card payments at point-of-sale (PoS) terminals, according to a State Bank of India (SBI) research report.

Why is it important? The report claims this average (both debit and credit cards) would have taken another three years at 25% growth in card transactions at PoS terminals if not for demonetisation.

Tell me more: The greater focus on digital payments after demonetisation, which happened in November 2016, was supplemented by the addition of 1.18 million PoS terminals. The lack of PoS terminals had held back card usage earlier.

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Deadly mountain roads

Rs 7,400 crore

What is it? The worth of 30 properties of the Sahara group, many of which conglomerates have evinced interest in buying.

Why is it important? The auction, reportedly in its early stage, will not appease the Supreme Court, even if the entire money raised is deposited with it. The court turned down the proposal and insisted on the group selling its expansive Aamby Valley project as it had failed to meet the apex court’s timeline for depositing Rs 5,000 crore. Aamby Valley’s value is reportedly between Rs 34,000-39,000 crore, while the Sahara group says it is over Rs 1 lakh-crore. The 30 properties, which includes Lucknow’s Sahara Hospital, would fetch around 50% (Rs 14,779 crore) of the amount still owed to investors as per Sebi’s instructions if not sold in a hurry, and less if they are.

Tell me more: Knight Frank, the realty consultants, in India, has been tasked with carrying out the sale. The interested buyers include Tatas, Godrej, Adani, Patanjali, realty developers Omaxe, Eldeco, Indian Oil and Apollo Hospital.

 

44

What is it? The death toll in the bus crash near Shimla, Himachal Pradesh.

Why is it important? India’s killer roads become deadlier with altitude. The bus veered off a mountain road and plunged into a river, killing those onboard. In 2015, as many as four hilly states figured among 10 states with the highest severity (deaths in every 100 accidents), even though compared to cities and metros in other densely-populated states, traffic is less in such states. Himachal Pradesh had 36.4% severity while neighbouring Uttarakhand 59.9%.

Tell me more: Two people travelling on the bus were able to escape by jumping off before the bus fell.

 

6

What is it? The number of places in Arunachal Pradesh for which China has announced its own names and spellings – in Chinese, Tibetan and English.

Why is it important? This is being seen as China’s retaliation for theDalai Lama’s visit to the Indian state. China’s foreign ministry spokesperson mentioned the move as reflecting and explaining its claims on ‘Southern Tibet’, China’s name for Arunachal Pradesh. While India is yet to respond to the reaffirmation of China’s territorial claim, it had refuted the latter’s objections to Dalai Lama’s, the Tibetan spiritual leader visit, saying there was no political motive to it and was religious.

Tell me more: It was the Dalai Lama’s second visit to the state that stirred up such a storm.

 

1.6 million

What is it? The number of voter-verifiable paper audit trail (VVPAT) units to be bought by Election Commission.

Why is it important? The election commission wants to ensure that by 2019 general elections, all polling stations have electronic voting machines with VVPAT units, which will confirm to the voters that their votes were registered accurately. The machines will cost Rs 3,173 crore. The cabinet approved the funding on Wednesday.

Tell me more: These machines will be manufactured by state owned Bharat Electronics and Electronics Corporation of India.

 

4,000 kgs

What is it? The weight of payload that can be carried by Indian Space Research Organisation’s new rocket GSLV-Mk III.

Why is it important? It’s almost double the weight of the heaviest payload that Indian rockets launched so far. The first developmental flight of GSLV-Mk III (D1) is scheduled to take place next month. The second developmental flight is likely to happen a year from now. It would reduce India’s dependence on other countries to launch heavier satellite, besides creating more opportunities for revenue generation.

Tell me more:  The first developmental flight will take communication satellite GSAT 19, which will also monitor the effect of radiation on the satellite and electronic equipment.

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