News in Numbers, Aug 3, 2016: Share of diesel variants in cars, NGOs’ foreign funding…

🚘 Will you buy a diesel car today?

The reasons to buy a diesel car are coming down day after day. The percentage of diesel variants in new cars is just one in four now, from one in two a few years ago. This is just one of the five interesting numbers we picked for you today.

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Have a look at them, and please do share this post to your friends. Here’s the link to subscribe.

26%

What is it? The share of diesel variants in new cars in India as of May 2016

Why is it important? This is down from 52% four years ago. The decline is due to rise in diesel prices on the back of government cutting fuel subsidies. In June 2012, diesel price in Delhi was 41.28 per litre or Rs 26.50 lower than petrol prices. Now it’s Rs 54.3/litre, just Rs 6.84 lower.

Tell me more: In Delhi, diesel car sales have dropped significantly after National Green Tribunal said cars over ten years will be deregistered.

4 million

What is it? The number of tax arrears cases – where the due amount is less than Rs 5000 – likely to be waived off.

Why is it important? An application of the Pareto Principle, which says large effects come from a few causes. Writing these amounts off would help Income Tax department focus on large defaulters where the amount that can be recovered would be larger, and the probability of recovery would be higher.

Tell me more: Of the 4 million cases, 1.8 million cases have arrears of less than Rs 100, and the rest between Rs 101 and Rs 5000.

Rs 22,137 crore

What is it? Foreign contribution received by 3,068 non-governmental organisations (NGOs) in 2014-15.

Why is it important? This represents 83% increase in foreign funding for NGOs that received Rs 1 crore or more. In 2013-14, the increase was a modest 17%. As part of the plan to monitor foreign funding of NGOs more closely, Government cancelled registrations of more than 10,000 NGOs that did not file annual returns.

Tell me more: Six states – Delhi, Andhra Pradesh, Kerala, Maharashtra, Tamil Nadu and Karnataka – received 75% of the total amount in 2014-15.

8.5%

What is it? The drop in share price of Bharat Financial, formerly known as SKS Microfinance, after the company’s president S Dilli Raj was arrested by financial crimes investigators.

Why is it important? The company is among the biggest players in microfinance industry with claimed membership of 7 million, and Dilli Raj was the second-in-command. Bharat Financial claims the arrest was not related to the present company. It was based on a case filed by IDBI Bank against First Leasing Company of India, where Dilli Raj worked till January 2008.  First Leasing’s ex-MD Farouk M Irani was arrested in June this yearunder the same case.

Tell me more: Bharat Financial survived turbulent times when Andhra Pradesh government enacted a tough law to regulate micro lending in 2010. This law effectively meant most lending by microfinance firms couldn’t be collected from borrowers.

6

What is it? The number of hours West Bengal chief minister Mamata Banerjee had to wait before her turn came to speak at an inter-state council meeting in Delhi on July 16

Why is it important? West Bengal comes right at the end, if the state names are arranged alphabetically. Ms Banerjee was reportedly prompted by this to rename the state ‘Bengal’ in English and ‘Bangla or Banga’ in Bengali. The change would help it move to fourth position. The state cabinet cleared a proposal to this effect on Tuesday. However, it needs to be cleared by both houses of parliament in Delhi.

Tell me more:  This is the not the first time West Bengal proposed a name change. Earlier, it wanted the to be called Paschim Banga. The central government didn’t approve.

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News in Numbers, May 16, 2016: Google’s likely antitrust fine, polling across three states…

€3 billion

What is it? The antitrust fine amount Google is reportedly to be served with, by the European Commission in the near future.

Why is it important? If true, this would be the highest antitrust fine imposed on any company, surpassing a €1.1 billion fine on chip-maker Intel in 2009. The world’s largest search engine has been accused of promoting its shopping service in Internet searches, harming its rival services. This is likely to force Google to stop manipulating its search results, a case which has gone on since 2010 in the European Union.

Tell me more: The fine is expected to be announced in June and could go up to €6.6 billion, one-tenth of Google’s annual sales.

5,000

What is it? The number of jobs affected in the automobile sector due to the ban on diesel cars and SUVs with engine capacity of 2,000 cc and above in the Delhi-NCR area, according to an industry body.

Why is it important? The Society of Indian Automobile Manufacturers has contended that there is no link between engine capacity and emission levels and automakers such as Mercedes Benz have argued that their vehicles are BS VI-compliant and that diesel does not pollute the air anymore than petrol. Some have called for phased reduction, which might also give more time for transition for workers. However, Supreme Court appears to be entertaining no further debate on the issue.

Tell me more: Due to this ban between December 16, 2015 and April 30, 2016, production of 11,000 vehicles has been affected and a countrywide ban during the same period would have impacted 47,000 jobs and resulted in a loss of production of 1 lakh vehicles.

402

What is it? The total number of constituencies where polling is happening across Tamil Nadu (232 of 234), Kerala (140) and Puducherry (30).

Why is it important? In Tamil Nadu, which has always elected a clear winner for nearly 50 years, the fight is between J Jayalalithaa’s AIADMK and M Karunanidhi’s DMK, it remains to be seen if the combine of a few regional parties including Vijayakanth’s DMDK is able to make a mark to result in vote-splitting. In Kerala, the ruling UDF and the LDF are battling it out. In both these states, BJP’s vote share would be keenly watched as a measure of Prime Minister Narendra Modi’s popularity, who campaigned in both the states.

Tell me more: In the southern union territory of Puducherry, two Congress parties are up in arms against each other – one, led by Sonia Gandhi and the other, a breakaway faction led by chief minister N Rangasamy.

6 days

What is it? The delay in the onset of Indian monsoons this year, which is now expected to hit the Kerala coast on June 7.

Why is it important? After two consecutive years of drought and with a quarter of India’s population reeling under its effects, India’s monsoon this year is highly anticipated. The monsoon accounts for over 70% of India’s annual rainfall, is the primary source of irrigation for half of the country’s cropland and refills over 80 nationally-monitored water reservoirs (important for drinking purposes, power and irrigation). The delay is unlikely to affect the sowing of the Kharif crops.

Tell me more: Monsoon usually arrives on June 1 and the India Meteorological Department’s forecast has a margin of error of four days.

0.616

What is it? The number of seconds by which Dutch teenager Max Verstappen beat Ferrari’s Kimi Raikkonen in Sunday’s Spanish Grand Prix.

Why is it important? With this win, 18-year-old Verstappen became the youngest winner of a Formula One race, beating four-times world champion Sebastian Vettel’s victory in 2008 at the age of 21. He is also the first Dutch race winner since the championship began in 1950.

Tell me more: Dominant players Lewis Hamilton and Nico Rosberg collided and crashed out in the opening lap. Verstappen made his F1 debut when he was 17 for Toro Rosso, one of the two F1 teams owned by Austrian beverage company Red Bull, after which the minimum entry age was changed to 18 years.

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