News in numbers, Apr 5, 2016: The fastest jump in digital history, first conviction in coal scam…

12.3%

What is it? The share of stalled projects as a percentage of total projects under implementation for the quarter ended March 2016.

Why is it important? This is the highest since the NDA came to power in May 2014. The government now wants to focus on execution and go slow on announcing new schemes, even as it enters its third year.

Tell me more: The value of the stalled projects increased from Rs 9.49 lakh crore in April-June quarter of 2014 to Rs 11.36 lakh crore in January-March quarter of 2016, according to data by the Centre for Monitoring Indian Economy. The average number of projects as a share of outstanding projects revived and completed was 22% in 2014-15 and 2015-16, compared with 29% during the UPA-II rule (2009-10 to 2013-14).

1,000,856,739

What is it? The number of Aadhaar numbers that have been issued till date.

Why is it important? About 93% of the projected adult population of 2015 have Aadhaar numbers. The first card was issued in September 2010, which makes it the fastest jump from zero to billion in digital history. The challenge ahead is to use Aadhaar to provide government services – such as subsidies – more efficiently.

Tell me more: The government said it has saved Rs 14,672 crore under the direct benefit transfer of LPG scheme and another Rs 2,346 crore under the public distribution system in four states. The government is looking to approach the Supreme Court for using Aadhaar in other government services and social security schemes.

$231 million

What is it? The amount Terraform Global Inc. has accused its parent company SunEdison Inc. of misappropriating.

Why is it important? This has delayed the renewable energy projects in India. SunEdison, which is reportedly planning to file for bankruptcy in the near future, has also put all its India assets on sale. It has projects of 1.5 gigawatts capacity in India, which are under various stages of development.

Tell me more: Terraform Global alleged that SunEdison used its cash to prop up its flagging liquidity position instead of using it to finish near-complete renewable energy projects in India, as promised.

$20 million

What is it? The amount invested by Velocity Interactive Group in NDTV in 2007.

Why is it important? It has been disallowed by the Income Tax Department. This is equivalent to Rs 135 crore at current exchange rates.

Tell me more: The I-T department has issued an order to the media company terming the investment a sham transaction and that it was unexplained in the hands of NDTV. It has also raised a tax demand of Rs 47.27 crore for 2007-08. The department had issued a similar order to NDTV with respect to an investment of $150 million (Rs 1,000 crore) in NDTV in 2008 in NDTV Networks Plc to acquire a 26% stake.

4

What is it? The jail term for two directors of Jharkhand Ispat for coal scam.

Why is it important? This is the first conviction in the coal blocks allocation scam, which has been estimated to have caused a loss of Rs 1.86 lakh crore loss to the exchequer. Last August, the CBI chargesheeted 14 people including industrialist Naveen Jindal, former Coal Minister Dasari Narayan Rao, former Jharkhand chief minister Madhu Koda.

Tell me more: RC Rungta and RS Rungta, chairman and director of the company respectively, have been held guilty of deceiving and defrauding the government to get a coal block allocated to them in Jharkhand. The court has imposed a fine of Rs 25 lakh on Jharkhand Ispat and Rs 5 lakh each on the company executives.

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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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