News in Numbers, Mar 21, 2017: How happy are you? 😰, 😒, 😌, 😃 or 😜?

Rs 27,420 crore

What is it? The amount banks will have to write off if the new Uttar Pradesh government grants its election promise of farm loan waiver.

Why is it important? The hit is around 8% of UP’s revised revenue estimates of Rs 3,40,255.24 crore, for FY17. Both the state and the banks with UP farmers as clients will get affected by the measure.

Tell me more: An SBI research which points out the write-off amount, says scheduled commercial banks have an outstanding farm credit of Rs 86,241.20 crore. Most of the loans have been lent to small and marginal farmers.

 

$1 billion

What is it? The amount Flipkart raised in its latest funding round from investors including Microsoft and Tencent.

Why is it important? This is the second $1 billion single round of funding for Flipkart. It coincides with a period of devaluations by Flipkart’s existing investors. Even though the latest funding is said to have valued it between $10-11 billion, it shows not all investors have lost confidence in the desi e-commerce company.

Tell me more: Flipkart is eyeing another $500-1,000 million in the near future.

 

$20 million

What is it? The estimated value of the sky mansion, being built for Vijay Mallya in Bengaluru.

Why is it important? The cantilevered villa being constructed atop a residential tower on land that held Mallya’s ancestral home, could join the list of Mallya’s assets which have been put up for sale to help recover the dues of a consortium of banks. It is 1.4% in value (Rs 131 crore, roughly) of the loan amount of Rs 9,000 crore banks are seeking to recover from the fugitive businessman.

Tell me more: While it is unlikely the business baron would return to stay in the mansion, it will be a challenge to sell it as lenders have found with Mallya’s other properties repeatedly.

 

122

What is it? India’s rank in the latest World Happiness Report. The report ranked 155 countries.

Why is it important? India has slipped four spots from 118 from the previous ranking, and is behind its neighbours including Pakistan (ranked 80), Sri Lanka (ranked 120 ) and Bangladesh (ranked 110) and Nepal (ranked 99). Bhutan, which measures Gross National Happiness, the only country that does it, is ranked 97. China is ranked 79.  Norway topped the list.

Tell me more: The World Happiness Report is published by the United Nations Sustainable Development Solutions Network. The first report came out in 2012. It measures happiness in six categories, explained by GDP per capita, social support, healthy life expectancy, freedom to make life choices, generosity and trust or absence of corruption.

 

2010

What is it? The number of people associated with extremist organisations in Bangladesh who infiltrated into India in 2016, according to a report by Bangladesh government.

Why is it important? India is reportedly skeptical of the exact number of infiltrations, but the report highlights the increasing risk the country faces from extremist ideologies. The extremist groups mentioned in the report are Harkat-ul-Jihadi al-Islami (HuJI) and Jamaat-ul-Mujahideen Bangladesh. They entered Assam, Tripura and West Bengal, the three bordering states.

Tell me more: The rise of religious extremism in Bangladesh has raised concerns in the past. In July last year, 29 people were killed in a terrorist attack in Dhaka.

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What Delhi’s city bus service could learn from Bengaluru and Chennai

 

This piece originally appeared on Livemint.com

 

In its efforts to get people off private transport and check air pollution, Delhi wants to increase the contribution of its public bus service. But the entity that operates this service, the Delhi Transport Corporation, is the worst-performing of the five city bus services in India whose fleet size exceeds 1,000. And it’s not the availability of buses or revenues that is killing DTC. It is fleet and cost management—areas in which it could learn a thing or two from its peers in Bengaluru and Chennai.

Delhi the least profitable, Bengaluru the most

Delhi’s city bus service is the least profitable among the five cities listed here, losing more than R2 for every rupee of revenues. Mumbai, too, is bleeding profusely. In comparison, Bengaluru—the largest city-bus operation in India by fleet, revenue and mileage—was profitable between 2010 and 2011, before posting a marginal loss in 2013.

 

W-Bus1

 

Steady fleet addition and high usage

Bengaluru has a fleet on the road that is larger than that of Delhi. Its fleet addition between 2010 and 2013 was characterized by incremental additions and high utilization. Delhi, in comparison, saw a burst of addition of buses in 2011. But its fleet on the road is down about 19% from its 2012 high. And it’s not using one out of every five buses in its fleet.

 

W-Bus2

 

High footfalls and kilometres

Bengaluru and Chennai are more representative when it comes to serving their population with buses, though Delhi also has an excellent metro service. What the southern cities do better is squeeze more from their buses, ferrying more passengers and logging more than twice the mileage of Delhi.

 

W-Bus3

 

Cost management

More than revenues, what Bengaluru and Chennai have done significantly better than Delhi is managing costs. Delhi, Mumbai and Pune, in fact, earn more revenue per unit than their southern peers. But they lose more on the cost side, with debt servicing being the biggest drag for Delhi, accounting for nearly half the money spent.

 

W-Bus4

 

City bus services: Bangalore Metropolitan Transport Corporation, Metropolitan Transport Corporation (Chennai), Delhi Transport Corporation, B.E.S.T. Undertaking (Mumbai), Pune Mahanagar Parivahan Mahamandal.

Data sources: Source: Statistical Year Book, India 2015, Ministry of Statistics & Programme Implementation (Mospi), Census 2011, Bangalore Metropolitan Transport Corporation, Delhi Transport Corporation

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News in Numbers – September 9, 2015

News In Numbers: September 9, 2015

 

 

23,604

The number of village panchayats in which the government has laid optic fibre cable (OFC) till July 2015 to provide high-speed broadband connectivity under the BharatNet project. The government plans to connect all 250,000 village panchayats under this plan by end-2016. In a March 2015 report, a committee constituted to review the programme (earlier called the ‘National Optical Fibre Network’) estimated the project cost at Rs 72,778 crore. An addition of 100 users per village panchayat would increase the share of Internet subscribers as a percentage of the total population by 1.9%. The committee also estimated that the increased Internet penetration would translate to potential economic benefit of Rs 66,465 crore in 2018-19.

 

45%

Share of Mumbai, Delhi and Bengaluru in the total bids received for FM radio stations in the ongoing e-auctions. The bid price for a radio station was Rs 169.2 crore in Delhi, Rs 122.8 crore in Mumbai and Rs 109.3 crore in Bengaluru. Leading stations in Delhi and Mumbai currently generate yearly advertising revenue of Rs 35-40 crore each. There were no takers for 38 stations in 13 cities. The government received bids worth Rs 1,156.9 crore for 97 channels in 56 cities. A Ficci-KPMG study has projected the size of the radio industry to be $19.6 billion in 2015 (calendar year) and $22.3 billion in 2016.

 

6

The number of hotel deals done so far in 2015 as against two in 2014 and three in 2015, according to real estate consultant JLL India. With hotel valuations falling by over 25%, the consultancy expects five more hotel deals to be sealed by end-2015. The major deals concluded this year include ITC acquiring Park Hyatt Hotel in Goa for Rs 515.4 crore, Radhakishan Damani (promoter of hypermarket chain, D-Mart) acquiring Radisson Blu Resort & Spa (Alibaug) for Rs 135 crore and SAMHI Hotels buying a Vizag-based hotel for Rs 90-95 crore. Ratings agency ICRA expects the Indian hotel industry to grow by 5-6% in 2015-16, with occupancy rates improving by 2-4% and revenue per room by 3-5%.

 

20%

One of every five deaths of children below the age of 5 years took place in India in 2015, according to data put out by the British medical journal The Lancet. India lost 1.2 million children below the age of 5 years. The under-5 years mortality rate for India has dropped 62% in 15 years and, currently, stands at 48 deaths per 1,000 live births, against the global average of 43. Pneumonia (15%) and diarrhoea (9%) were the main killers. According to Unicef, India is unlikely to achieve the Millennium Development Goal 4, which aims to reduce under-five mortality by two-thirds between 1990 and 2015, unless the related determinants are “urgently addressed”. Only six states — Kerala, Tamil Nadu, Maharashtra, Punjab, Himachal Pradesh and West Bengal — are likely to achieve this goal.

 

Rs 160-190
The black market cost of a litre of petrol in Manipur currently — about thrice the price in metros. The flow of essential commodities into the state has been hit due to a landslide, which blocked parts of the Imphal-Dimapur highway in August. Further, the weak condition of a bridge on the Imphal-Silchar highway has also hit the movement of supplies. Rationing of fuel is in force, and has led to long queues at petrol outlets. At least 20 people were reportedly killed when a landslide caused by heavy rains buried an entire village in Manipur’s Chandel district last month. Geological Survey of India has estimated that nearly 15% of India’s landmass or 0.49 million sq km area is prone to landslides. There are six states in which most districts fall under high to very high landslide hazard classes, and Manipur is one of them.

 

 

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News in Numbers – September 2, 2015

News In Numbers: September 2, 2015

 

1 million

The number of workers who went on strike in 2014, nearly 45% down from the number registered in 2003. Ten central trade unions, which claim a combined membership of 15 million, have called for a nationwide strike on Wednesday to demand the withdrawal of the proposed changes in labour laws and stop disinvestment of public sector units. Essential services, including banking and public transportation, are likely to be affected. But data suggests that industrial unrest has gradually decreased in India. The number of person-days of work lost has dropped from 30.25 million in 2003 to 3.63 million in 2014. Likewise, the number of strikes and lockouts has come down from 552 in 2003 to 143 in 2014. The number of industrial closures, and workers affected and laid-off have also seen a gradual decline over the years.

60%

The percentage of seabird species, including penguins, gulls and albatrosses, that have plastic in their gut, which is likely to increase to 99% by 2050. Researchers, based on past data, have predicted that nine out of 10 individual seabirds have consumed plastic. This number was less than 5% in 1960. Seabirds are said to be good indicators of the state of the ecosystem and are “at the top of the marine food chain”, which could increase the ill-effects of plastic pollution through the chain. According to Plastic Pollution Coalition, an international collaboration of organisations and businesses, the ratio of plastic debris to zooplankton (tiny organisms drifting in seas and oceans) is 36:1. A 2015 study ranked India 12th among countries ranked by mass of mismanaged public waste estimated in 2010.

84,000

The number of unsold housing units in Bengaluru in the second quarter of 2015. With this, the Karnataka capital has surpassed Mumbai in terms of unsold inventory for the first time. The National Capital Region continued to lead, with an estimated inventory of 170,000 unsold units. Bengaluru saw an increase in the number of launches in the first quarter of 2015 compared to the same period a year ago, but the absorption rate decreased to 10%, from 11%. India’s top listed real estate companies had unsold inventory worth Rs70,000 crore in March this year, up 9.4% from a year ago.

40%

The drop in prices of aircraft fuel in Delhi between January 2014 and August 2015. On Monday midnight, state oil companies cut prices of aviation turbine fuel by 11.5%, the most in six months. This move is expected to boost the financial prospects of airlines in India, most of whom are labouring to return to profits.

44%

The percentage of Indian mothers who are able to breastfeed their babies within one hour of delivery, putting India in the lowest position among South Asian countries, according to a report. India’s score only marginally improved in 2015 from 2012. Of the 26 million babies born in India, mothers of nearly 56% of the babies are not able to follow optimal feeding practices during the first year. In India, about half of all births in 2007-08 happened at home, with institutional deliveries ranging from 35% in Chhattisgarh to 76% in Madhya Pradesh. India is also home to the highest number of maternal deaths, accounting for one-fifth of total maternal deaths in the world in 2010.

 

 

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