News in Numbers, Mar 22, 2017: Who moved my cash 💸

Rs 640.75

What is it? The closing price of Avenue Supermarts on the first day of its trading at the bourses.

 

Why is it important? That’s more than double its issue price, when it went for initial public offering earlier this month. Avenue is the holding company of D-Mart retail chain and operates in a segment rife with growth, margin and business model issues.

Tell me more: Avenue Supermarts is part of a busy IPO season which continues in 2017, after a good year in 2016.

 

Rs 2 lakh

What is it? The limit to a single cash transaction (or multiple cash transactions related to the same event) if the amendment to the Finance Bill, 2017 gets passed in the Lok Sabha.

Why is it important? This is a further reduction from earlier cap of Rs 3 lakh suggested in the Union Budget for 2017-18. A cap on cash payments will push the public towards more digital payments and potentially increase tax collections. Norway, Sweden and Denmark, the countries that score high on human development, have a tax revenue to GDP ratio of around 50%. For India it is around 17%.

Tell me more: This is a part of the record 40 amendments proposed for the finance bill.

 

$1 billion

What is it? The fall in US President Donald Trump’s net-worth compared to March, 2016.

Why is it important? The first billionaire president of the United States, Trump’s fortune dwindled to tie him with 19 others as the 544th richest billionaire. He dropped 220 spots on the Forbes billionaire list as prices dropped in a part of New York’s real estate market where 40% of his wealth is tied up.

Tell me more: Trump’s business had also donated $66 million to last year’s presidential campaign.

 

18

What is it? The number of greenfield airports that have received government approval

Why is it important? About Rs 30,000 crore will be invested in building these airports, to be set up mostly in the smaller cities and towns. It is likely to help push investments in more centres, and eventually align with the government’s multi-modal logistics hubs initiative that aims to bring down the logistics cost for companies by strengthening infrastructure.

Tell me more: Mopa (Goa), Navi Mumbai, Shirdi and Sindhudurg (Maharashtra), Bijapur, Gulbarga, Hassan and Shimoga (Karnataka), Kannur (Kerala), Pakyong (Sikkim), Karaikal (Puducherry), Dholera (Gujarat) and Bhogapuram (Andhra Pradesh) are among the places that will get new airports if the projects go through.

 

Rs 5092.6 crore

What is it? The amount Sahara Group has to deposit in SEBI-Sahara refund account by April 17, 2017.

Why is it important? Supreme Court has now warned that it would auction the group’s Aamby Valley project, worth Rs 39,000 crore if it doesn’t deposit the amount on time. The court refused to extend the deadline. Last month, it had said the group had to pay the amount by the deadline to keep its chief Subrata Roy out of jail.

Tell me more: Securities and exchange board of India has been struggling to get Sahara Group return Rs 24,000 crore plus interest to investors through a long drawn court battle.

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News in Numbers, Mar 06, 2017: ⚡ More power to railways 🚂

Rs 41,000 crore

What is it? The amount Indian Railways expects to save on energy bills in the next 10 years.

Why is it important? Indian Railways is the single-largest consumer of electricity in the country, consuming around 17.5 billion units a year. The railway ministry has prepared an action plan to achieve this savings. The initial results of the plan has led to Rs 4,000 crore savings on energy consumption, according to the Union Railway Minister Suresh Prabhu.

Tell me more: Indian Railways passenger and other coaching services racked up losses of Rs 33,490.9 crore in FY15.

 

20-30%

What is it? The estimated increase in number of recruitments over last year at Flipkart, one of the top two Indian ecommerce companies.

Why is it important? Flipkart appears to have bucked the hiring slowdown/freeze in Indian start-ups as funds run dry. It had denied firing more employees after letting go of 1,000 people in July, 2016 for underperforming. While rival Snapdeal recently fired 600 employees, and Flipkart itself faced devaluations by existing investors, its hiring plans seem to be intact under the new CEO, Kalyan Krishnamurthy.

Tell me more: In 2016, Flipkart reportedly hired 1,500 employees, and 10,000 temporary staffers for last year’s festive season.

 

~Rs 2,300 crore

What is it? The combined value of the initial public offerings slated to open this week: Radio City FM channel operator Music Broadcast and D-Mart chain of supermarkets-owner Avenue Supermarts.

Why is it important? The twin IPOs would account for 8.5% of the total IPO funding raised in 2016, at Rs 26,493 crore. While Avenue Supermarts is looking to raise Rs 1,870 crore starting March 8, Music Broadcast will be raising up to Rs 400 crore starting March 6.

Tell me more: Music Broadcast raised Rs 146.5 crore from anchor investors on Friday. Over a dozen more IPOs are in the pipeline, having obtained the approval of the capital market regulator including those of Aster DM Healthcare, Hinduja Leyland and GVR Infra Projects.

 

89%

What is it? The percentage of households in Punjab under debt.

Why is it important? The average indebtedness per household in the state, which has 10.53 lakh households, is Rs 8 lakh, according to a study. Farm debts have accounted for three out of every four suicides in the agrarian state, and most of them are cotton growers. They were hit by whitefly attacks and low international prices earlier part of this decade. In 2015, Punjab stood second in the country by number of suicides.

Tell me more: The study – spanning every farm household in the state – was conducted by Punjab Agricultural University, Ludhiana, Guru Nanak Dev University, Amritsar and Punjabi University, Patiala, and the final report is expected in the next two weeks. Meanwhile, the legislative assembly poll results for the elections that took place in February, is to be announced on 11 March.

 

268.9 million

What is it? The number of new internet users in India in the last three years.

Why is it important? It reflects the growth of smartphones and affordable data plans in the country. A lot hinges on the digitally connected Indians – from government initiatives that want to leverage universal bank accounts, mobile phones and digital identity to reform state services; to private companies that see immense business opportunity in the new digital immigrants.

Tell me more: Globally, the number of new internet users went up by over 500 million, including 97 million new users in China and 35 million new users in Brazil, according to Adobe Digital Insights.

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News in Numbers, Mar 02, 2017: Hiring to strain finances 💰😓

Rs 295-299

What is it? The price band of shares of Avenue Supermarts, owner of the profitable supermarket chain, D-Mart, that would be sold in its initial public offering starting March 8.

Why is it important? The upcoming IPO, worth Rs 1,870 crore, has evinced interest as it is one of the few organised retail chains, especially in grocery segment, which makes a profit. In 2015-16, it made a profit of Rs 321 crore on a revenue of Rs 8,605 crore.

Tell me more: While Maharashtra and Gujarat contribute over 81% of its revenue, D-Mart also has footprint in Telangana, Karnataka, Andhra Pradesh, Madhya Pradesh and Chattisgarh.

 

4-52%

What is it? The sales growth range of passenger cars across seven manufacturers in February, 2017.

Why is it important? Passenger car sales are picking up after being hit in the last two months of calendar 2016, following the cash crunch. A measure of consumer discretionary spending, the growth was fuelled by higher shipments to dealers and new models for some manufacturers.

Tell me more: Growth for Ford India was the highest at 52%, albeit on a small base of 8,338 cars. Maruti Suzuki, selling 120,735 cars, managed to grow in double-digits over 2016. Mahindra and Mahindra was the only company to report a decline of 13% owing to demonetisation.

 

56.67 million

What is it? The number of Indians suffering from depression, according to the World Health Organisation (WHO).

Why is it important? India has only 0.3 psychiatrists per 100,000 population, whereas incidence of depression is 4.5% of the population. Lack of mental health facilities, and concentration of doctors and hospitals in urban areas, mean a large number of people with mental health issues will go untreated for a long time.

Tell me more: The total estimated number of people living with depression increased by 18.4% between 2005 and 2015, according to the ‘Depression and Other Common Mental Disorders — Global Health Estimates’ report.

 

2.8 lakh

What is it? The number of hiring by central government in next financial year starting April 2017.

Why is it important? This will bloat government expenses and potentially suck money away from developmental schemes, unless tax revenues match the increased outgo. Salaries (excluding defence personnel) and pension payment totals Rs 317,529 lakh crore, or 25% of tax collections in 2017-18.

Tell me more: Current size of central government employees is 3.53 million.

 

Rs 2,500 crore

What is it? The amount of black money declared so far under the Pradhan Mantri Garib Kalyan Yojana (PMGKY). The last date under this scheme is March 31, 2017.

Why is it important? Tax authorities have identified 1.8 million taxpayers who have deposited more than Rs 5 lakh in cash during the two months’ period in November and December when old high value notes were replaced with new ones. Tepid response to the scheme could be an indicator these taxpayers are confident of explaining their sources of income, or waiting till the end of this month.

Tell me more: A flat tax rate of 50% would be levied on income declared under the PMGKY, and another 25% will be parked in an interest-free deposit for four years.

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