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).
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.
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.
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.
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.