News In Numbers: August 14
The 2014-15 operating margin of Jaguar Land Rover, the iconic high-end carmaker and overseas subsidiary of Tata Motors that has been its sole profit driver for the last two years. Between 2009-10 and 2014-15, when the operating margin of Tata Motors’ Indian business fell from 11.7% to -2.2%, JLR’s vaulted from 5.4% to 18.9%. However, with JLR hitting a roadbump in China, its margin dropped to 9.7% for the quarter ended June 2015. In the backdrop of this, and a mixed domestic performance, Tata Motors skipped dividend for 2014-15, drawing the ire of shareholders at its annual general meeting on Thursday.
The jump in the rate of call drops on 3G networks in the January to March quarter this year, over the same period in 2014, according to India’s telecom regulator: 15.96% versus 9.68%. Increasing congestion on 3G networks, and lack of adequate spectrum in relation to the number of subscribers using that spectrum, have led to a deterioration of quality across service providers. The deterioration in quality of service on 2G networks was even worse, with the call drop rate rising seven-fold in the same period. To help ease congestion, the government on Wednesday allowed telecom companies in the same circle to share their airwaves.
Rs 65,896 crore
The total surplus generated by the Reserve Bank of India (RBI) through its investment activities in 2014-15 (July to June financial year), the entire amount of which it will transfer to the government. This is a 25% increase over the surplus transferred by the central bank to the government in 2013-14. A committee, chaired by Y H Malegam, director of the central board of the RBI, had recommended in 2014 that the central bank transfer all its surpluses generated to the government for three years as it had enough reserve funds for contingency and other purposes. As of June 26, 2015, the central bank had Rs 18,94,800 crore in reserve money, a sum of several components, including currency in circulation and bankers’ deposits with the RBI.
Share of black people in the total population in the United States. Apple’s first official diversity filing, dated July 2014 but released yesterday, shows there were only two black people in its group of 83 senior executives, or 2.4%. Across the company, 8% of employees were black. At senior levels, this representation is just as poor in other major technology companies: 4% in Amazon and 2% in Facebook. By comparison, Asians, who account of 5.1% of the US population, have a share in the senior management of 18% in Amazon, 19% in Facebook and 10% in Apple.
The number of beggars in India, according to the Indian government: about 54% male and 46% female. West Bengal and Uttar Pradesh account for over one-third of the beggars in the country. Lakshadweep has the least number of beggars: two. As many as 22 states and union territories have legislations against begging. Although India criminalises begging, the central government recently announced that it would train 3,000 beggars to sing in public places to publicise its initiatives such as Swachh Bharat and ‘Beti Bachao Beti Padhao’ (Save girl child, educate girl child).
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