What is it? The number of jobs technology companies in the US have shed so far this year, according to an outplacement agency.
Why is it important? Automation is replacing jobs, and analysts say that this trend is likely to continue. Hardware engineers are the most hit with firms such as Cisco making the shift to more profitable software-oriented services. Cisco laid off 5,500 employees recently and it may affect its research and development centre in India.
Tell me more: Other companies that are likely to lay off employees are IBM Corp, Oracle Corp, Dell Inc and Hewlett Packard Enterprise, according to analysts. A Global Equities Research analyst said the tech industry is likely to shed 370,000 jobs this year.
Rs 37 lakh crore
What is it? The balance sheet size of State Bank of India (SBI) and its five associate banks post merger. This proposal was cleared by its board on Thursday.
Why is it important? The announcement was made in May and this is the first step in what is believed to lead to a major consolidation phase in the banking sector after many years. This, despite the fact that bank unions have been opposing the move and have gone on strikes in the recent past.
Tell me more: The SBI has announced swap ratios (acquiring company offers its shares in exchange for the target company’s shares) for three of its associate banks (State Bank of Bikaner and Jaipur, State Bank of Mysore and State Bank of Travancore), in addition to that for Bharatiya Mahila Bank. It is yet to announce the swap ratios for State Bank of Hyderabad and State Bank of Patiala.
What is it? The number of pellets fired by the Central Reserve Police Force (CRPF) between July 8 and August 11 to control violent mobs in Kashmir, as per its admission to the Jammu and Kashmir High Court on Thursday.
Why is it important? The use of pellet guns, which caused eye injuries (including loss of vision) to many, has come under sharp criticism by human rights organisations and political parties. After Home Minister Rajnath Singh’s announcement in July that the government would form an expert panel to consider other non-lethal alternatives for crowd control measures, the court had said this meant that pellet guns are not non-lethal weapons and this is enough reason to discontinue its usage.
Tell me more: The protests erupted after separatist militant, also the head of a terrorist group called Hijb-ul Mujahideen, Burhan Wani was killed in July. The CRPF told the court that pellet guns were introduced in 2010 as an accepted form of riot control and if these are withdrawn, then it would have no option but to open fire with rifles in extreme situations, which could be fatal.
What is it? The gap between the actual number of toilets built under the Swachh Bharat Mission and the official numbers as put up by the sanitation ministry in Arunachal Pradesh and Manipur, as per a field survey report of select districts.
Why is it important? Such a mismatch raises concerns about the real progress of the programme. India has set a target to eliminate open defecation by 2019. In some states such as Jharkhand, Gujarat, Karnataka and Rajasthan, the gaps between the actual numbers and those reported to the central government are 19%, 23%, 27% and 28% respectively. The field survey numbers for Sikkim, which became the first to achieve the open defecation free status, are the only ones that match with those with the ministry of sanitation.
Tell me more: Retired civil and defence services officers and non-government institutions with rural development experience are empanelled by the rural development ministry as individual and institutional National Level Monitors. These monitors covered 24.22 lakh random households in some districts across states.
What is it? The duration of the semi-final match between Indian shuttler PV Sindhu and World Number 6 Nozomi Okuhara from Japan on Thursday. Sindhu smashed her way into the finals.
Why is it important? With her Thursday’s win, Sindhu has assured India of at least a silver medal – the second one after Sakshi Malik won a bronze in the 58 kg women’s freestyle wrestling category on Wednesday, and the fifth Indian female athlete to get a medal overall. All eyes are on the 21-year-old athlete from Hyderabad who would face World Number 1 Carolina Marin from Spain this evening and if Sindhu defeats Marin, she would be the second Indian sportsperson to win the gold after ace shooter’s Abhinav Bindra’s victory at the 2008 Beijing Olympic Games.
Tell me more: This was Sindhu’s debut at the Olympics. She trains under Pullela Gopichand at his academy in Hyderabad.