Record-breaking women’s cricket

1.54

What is it? The consumer price index for June, 2017 – the lowest in five years.

Why is it important? The inflation is much lower than central bank’s target of 4%. The government is urging the central bank to cut key interest rates to boost the economy. Index of industrial production expanded at a slower rate of 1.7% in May, as compared to 3.1% in the previous month.

Tell me more: Retail inflation was low mainly due to falling falling food prices, as consumer food price index was -2.12 in June, 2017.

 

 

6,028

What is it? The total number of runs scored by Indian cricketer Mithali Raj.

Why is it important? She is the first player to cross 6,000 runs in women’s one day internationals (ODIs). With an average of 51.8 runs per innings, Raj is one among the five women players who have an average of 50 and above.

Tell me more: Raj’s teammate, Jhulan Goswami, is the world’s highest wicket taker in ODIs.

 

 

17,771

What is it? The number of dengue cases in government hospitals and dispensaries in Mumbai in 2016-17, according to NGO Praja Foundation.

Why is it important? The number cases has jumped by over 265% since 2012-13 (4,867). It is a 16.6% rise over last year’s count at 15,244 dengue cases, despite Mumbai having health budget of Rs 3,312 crores for 2017-18.

Tell me more: The incidence of malaria, another mosquito-borne disease, seems to have gone down from 21,939 cases in 2012-13 to 11,607 in 2016-17 (14,631 in 2015-16).

 

 

Rs 900 crore

What is it? The investment by US retail chain, Walmart, in Maharashtra to open 15 modern cash and carry wholesale stores.

Why is it important? After the break-up with Bharti Enterprises in 2013, Walmart has been slow to expand, restarting in 2015. The new slew of stores would be in addition to the 21 stores Walmart operates out of India.

Tell me more: FDI rules do not allow international retail brands to serve end-customers through single-brand retail, except in the cash and carry wholesale format.

 

 

25.1 million tonne

What is it? The sugar output forecast by the Indian Sugar Mills Association for 2017-18.

Why is it important? The estimate is higher than last year’s 20.3 million sugar produced, a seven-year low. Above-average monsoon rainfall and its timely arrival have encouraged sugarcane farmers to plant more crops.

Tell me more: The three major sugar producers — Uttar Pradesh, Maharashtra and Karnataka — are expected to yield over 19.8 million tonne (over 78%) of the estimated sugar output.

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News in numbers, Feb 3, 2016: India’s borrowing plans for irrigation, Whatsapp’s billion users…

 

Rs 86,000 crore

What is it? Amount India plans to raise by way of overseas loans to fund irrigation projects.

Why is it important? It will add 1.3 crore hectares of irrigated farmland. India has witnessed back-to-back droughts affecting its crop production and threatening to turn it into a net importer of some commodities.

Tell me more: The Indian government is likely to approach the World Bank, Asian Development Bank and state-owned foreign banks for loans with tenures of as much as 25 years. The government-run National Bank for Agriculture and Rural Development is likely to take the lead in the borrowing programme.

 

Rs 5,300 crore

What is it? Amount Sahara Group plans to raise by selling some of its assets to help free its jailed chief Subrata Roy.

Why is it important? This is about 15% of the money (Rs 36,000 crore) it has to refund its investors for a time-deposit scheme declared illegal. The group expects to sell the Sahara Star Hotel, its stake in the Formula One racing team to raise Rs 3,000 crore and the rest by selling of three of its overseas properties.

Tell me more: The Supreme Court was expected to take a decision on the appointment of a receiver to auction off some of the group’s properties on Tuesday. The hearing has now been deferred until March 29. The bail amount for Roy’s release was fixed at Rs 10,000 crore.

Rs 1.14 lakh crore

What is it? Investment commitment by electronic manufacturing firms such as LG, Samsung and Foxconn in India in the last 20 months.

Why is it important? Shows global firms’ interest in Indian government’s ‘Make in India’ programme, partly driven by the government’s incentive scheme for companies setting up electronics manufacturing facilities here. It remains to be seen if all the 156 proposals materialise.

Tell me more: The Indian Electronics Systems Design and Manufacturing industry was estimated to be worth $68 billion in 2012 and was projected to increase to $94.2 billion in 2015 at a compounded annual growth rate of 9.9% between 2011-15.

 

1 billion

What is it? Number of users Whatsapp has now, more than double of those using the service when it was acquired by Facebook two years ago.

Why is it important? Whatsapp rivals – Viber and WeChat (along with its Chinese version) – have 400 million users and 650 million monthly active users. However, in terms of monetisation, WeChat’s average revenue per user at $7 is way higher than Whatsapp’s $1.

Tell me more: Facebook reached this target in 2012 and six months ago, 1 billion users logged in on a single day. Facebook acquired Whatsapp for $22 billion in 2014, justifying the price saying it has the potential of reaching 1 billion users. “The global SMS-system does around 20 bn messages a day. Whatsapp is now doing 42 bn. With 57 engineers.” –@BenedictEvans

 

131

What is it? India’s consumer confidence index in the fourth quarter of 2015, according to a Nielsen survey.

Why is this important? India has been on the top of this index for four quarters in a row now. In terms of job prospects and personal finances, Indians were found to be the most optimistic in the world with 80% and 82% of the respondents (respectively) in India said they were confident of these attributes. However, 50% of the polled Indians said the country is in an “economic recession”, meaning the recessionary sentiment is felt strongly.

Tell me more: Consumer confidence index of China, which posted its lowest economic growth numbers in 25 years recently, increased by one point to 107 in the last quarter of 2015.

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