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, Dec 15, 2015: November inflation numbers, iPhone sales estimates…

 

5.41%

 

What is it? Increase in consumer price index (or growth retail inflation) in November.

 

Why is it important? This is the highest in 14 months. The increase is mainly due rise in food prices, especially that of pulses, which rose 46.1% in November on a year-on-year basis. High inflation rates suggest the effects of deficient monsoon in two consecutive years have begun to show on the rural economy. This also shows the challenge the Reserve Bank of India in containing retail inflation under 6% in January 2016.

 

Tell me more: Overall wholesale prices fell by 1.99% in November, the 13th consecutive monthly fall and the highest since January. Wholesale food prices increased 5.20% in November compared to 2.44% rise in October.

 

130

 

What is it? India’s rank among 188 countries in the Human Development Index (HDI) in 2014 according to the Human Development Report 2015 released by the United Nations Development Programme (UNDP). The HDI looks at three factors – longevity, education and income.

 

Why is it important? It has shown a slight improvement from last year – up by one spot. India’s HDI has marginally gone up from 0.604 in 2013 to 0.609 in 2014. This puts India in the “medium human development” category where its HDI is lower than the average HDI of countries (0.630) in this section. India’s poor ranking in the human development index is mainly due to high inequality and low education levels. The index is widely followed, even it’s considered to be a “somewhat crude measure” of human development.

 

Tell me more: India ranks the lowest among BRICS countries (Brazil, Russia, India, China and South Africa). Norway, Australia and Switzerland rank the top three in the HDI, falling under the “Very High Human Development” category along with 46 other countries.

 

6%

 

What is it? Estimated drop in iPhone unit sales in 2015-16, according to Morgan Stanley.

 

Why is it important? If the estimates turn out to be right, it could well be that the sales of the most successful tech product in the recent years has peaked. Apple earns most of its revenue from iPhones and in the three months ending September this year, iPhone sales accounted for nearly two-thirds of the company’s revenue.

 

Tell me more: Other analysts such as JP Morgan Chase & Co, Drexel Hamilton and Credit Suisse have similar predictions for Apple. For instance, JP Morgan Chase has lowered its Iphone sales’ prediction for the fourth quarter of fiscal 2016 – it says sales of iPhone units are likely to come down to 75-77 million, down from an earlier prediction of 75-80 million units.

 

€25.3 million (around Rs.186.7 crore)

 

What is it? The amount Mahindra and Mahindra and affiliate Tech Mahindra would pay to purchase 76.06% stake in Italian car designer Pininfarina SpA, through a special purpose vehicle (SPV).

 

Why is it important? Shows Indian companies’ drive to expand their design capabilities – and their global footprint. Pininfarina has designed cars for Ferrari, Maserati, Rolls-Royce and Cadillac. Mahindra group had acquired controlling stakes in South Korea-based Ssangyong in 2011 and PSA Peugeot Citroen’s motorcycle unit this year. As for Pininfarina, it has been unprofitable for the last decade and struggling with high debt levels.

 

Tell me more: The SPV would make an open offer to public shareholders of Pininfarina for the balance 23.94% stake. Mahindra and Tech Mahindra would fund the acquisition in the ratio of 40% and 60% respectively.

 

10%

What is it? The data point that Maggi noodles removed from its masala noodles package. Prior to the ban, the package cited this number as percentage of recommended dietary allowance (RDA) of protein that a 70g packet of Maggi noodles had.

Why is it important? Could be seen as an indicator that food regulators are getting increasingly strict about labelling. Or it could be just that Nestle India, which makes Maggi noodles, is trying to be more cautious after the ban. Maggi noodles was banned for a few weeks due to higher than permissible lead content. It’s woes are far from over as the Supreme Court recently issued a notice to the company after the food regulator appealed against the lifting of ban on Maggi Noodles.

Tell me more: The pack now also doesn’t have the following: “Maggi masala noodles is a source of protein and calcium: essential nutrients for you at all stages of life”. And, this has been replaced with “Consume along with fruit and milk”.

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News in Numbers – September 15, 2015

News In Numbers: September 15, 2015

 

6.36%  

The rate at which consumer prices of vegetables fell in August 2015 compared to the same period last year. This rate of decrease was higher in the urban areas than in the rural ones. However, compared to a month ago, vegetable prices went up by 8.5%. Pulses and related products saw the highest rate of increase in consumer prices among all the other product groups in August from a year ago while ‘sugar and confectionery’ saw the highest rate of decline in the same period. The wholesale prices of onions recorded the highest annual increase among all the major commodity groups at 65.29% in August 2015. Overall, wholesale inflation declined for the 10th straight month in August at 4.95% compared to 4.05% in July, aided by falling global commodity prices. Inflation based on the consumer price index fell to a nine-month low of 3.66% in August from 3.69% a month ago.

#1

Gujarat’s position in implementing reforms to facilitate the ease of doing business among all Indian states. An assessment of state implementation of business reforms sponsored by the Department of Industrial Policy and Promotion has considered 98 parameters for the ranking. And, Gujarat’s score is 71.14% (implementation status of each state has been converted to a percentage) followed by Andhra Pradesh (70.12%), Jharkhand (63.09%), Chhattisgarh (62.45%) and Madhya Pradesh (62%). North eastern states — Arunachal Pradesh (1.23%), Nagaland (3.41%) and Meghalaya (4.38%) — are at the bottom of the list. Interestingly, Punjab is the best state to startup followed by Andhra Pradesh. Globally, India ranks 142 among 189 countries in ease of doing business, according to a World Bank report.

 

 

Rs 5,000 crore

The amount taxi aggregator Ola will invest in its newly formed cab leasing business in the coming year. A wholly-owned subsidiary will run the leasing business headed by former LeasePlan India executive Rahul Maroli. In India’s first such programme, drivers would be able to lease a car for a minimal initial deposit of Rs 35,000 and monthly lease payments of about Rs 15,000 with an option to own the vehicle after three years. Ola plans to invest Rs 500 crore initially, after which it would raise funds “independently for this subsidiary”.Over 1,000 vehicles are already operating as part of a pilot programme in six cities including Bengaluru, Chennai and Hyderabad. The company plans to add 10,000 cars under this model by December 2015. Ola, the third most valuable internet company, recently raised around $225 million led by Falcon Edge Capital and other existing investors.

 

2

The number of Indian institutes that have made it to top 200 universities in the world for the first time. The QS World University Rankings 2015 puts the Bengaluru-based Indian Institute of Science (IISc) in the 147th position while the Indian Institute of Delhi (IIT-Delhi) ranks 179. The world’s top university is Massachusetts Institute of Technology (MIT) followed by Harvard University. MIT has a score of 100 while the IISc scored 62 and IIT-D 56.4. In terms of academic reputation, only IIT-Delhi figures in the top 200 while in terms of employee reputation, IIT-Bombay, IIT-Delhi and IIT-Madras find themselves in the top 200 slot. IISc, which also debuted in the QS Asian University Rankings this year, ranks 34 in this list while IIT-Delhi is in the 42nd position.

 

1.6%

The share of medical applications in 3D printing industry, according to the US government-funded National Center for Biotechnology Information. The 3D printing industry, which is a $700 million industry, is expected to grow into a $8.9 billion industry by 2024 with 21% projected to be spent on medical applications. Meanwhile, 3D printing was used for the first time in the world to help perform a surgery on a Spanish cancer patient. The 54-year-old man has successfully received a 3D printed titanium sternum and rib implant and has recovered well. He was suffering from a type of tumour that grows in and around the rib cage and required his breastbone and a part of his rib cage replaced. Also, the US Food and Drug Administration has approved the world’s first 3D printed pill recently.

 

 

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News in Numbers – September 3, 2015

News In Numbers: September 3, 2015

 

5

The number of persons sent to jail by a Delhi court on Wednesday, the first conviction in a 2010 Commonwealth Games scam case. Four are officials from the Municipal Corporation of Delhi (MCD), each of whom received four years, while the fifth person, the managing director of a private firm, got six years. They have been convicted for their involvement in a street-lighting scam, which resulted in a loss of Rs 1.4 crore to the exchequer. Of the 10 ongoing corruption cases that relates to the Games, one is against former Congress MP Suresh Kalmadi and nine others for alleged irregularities in awarding a contract to a Swiss company, causing a loss of Rs 95.6 crore to the exchequer. Last January, the Central Bureau of Investigation (CBI) closed nine of the 19 FIRs (first information reports) filed for lack of evidence.

 

Rs 25,000 crore

The estimated loss to the Indian economy due to a one-day strike by 10 central trade unions on Wednesday, according to industry bodies CII and Assocham. However, Finance Minister Arun Jaitley dismissed the strike as something that “had a marginal or an inconsequential impact”, saying that most people were not even aware. The trade unions claimed that over 15 crore organised sector workers participated in the strike, and media reports suggest banking and transportation services were hit in parts of the country. Workers from 23 public sector banks, 12 private banks, 52 regional rural banks and over 13,000 cooperative banks went on strike on Wednesday.

 

422

The number of trees estimated per person on earth, according to a group of researchers led by ecologist Thomas Crowther. The researchers have combined two methods – satellite imagery and ground-based counting – to arrive at an estimate of 3.04 trillion trees on earth. This is 7.6 times the previous estimate of 400 billion trees, which was arrived at by primarily using the second method. With an estimate of 15 billion trees being cut down every year, the number of trees has declined by 46% since humans began cultivation about 12,000 years ago. According to the World Wildlife Fund, about 36 football fields worth of trees are lost every minute across the world.

 

0.1%

According to gross-value added (GVA, which is essentially GDP minus taxes plus subsidies) data, inflation was 0.1% in the Indian economy in the first quarter of 2015-16. In the fourth quarter of 2014-15, this number was in negative territory, indicating the economy was in deflation. Except for agriculture, industry and services are in deflation. On Wednesday, chief economic advisor (CEA) Arvind Subramanian warned the Indian economy “appears to be in or close to deflation territory” but maintained that it would grow at around 8% in 2015-16. The CEA has said in the past that policymakers should also look at the Wholesale Price Index, which is in the negative, besides the Consumer Price Index. The Reserve Bank of India kept key interest rates unchanged in August citing inflationary concerns.

 

75,000

The number of Indians in the age bracket of 15 to 34 years who were killed in road accidents in 2014, of which 82% were men. The victims in this age group accounted for 53.8% of the road accidents recorded last year and those in the 35-64 age bracket accounted for 35.7%. Uttar Pradesh, Tamil Nadu and Maharashtra account for nearly one-third of total road fatalities last year. About 1.2 million Indians were killed in car accidents in the last 10 years or so, an average of one every minute. According to a World Health Organization report, India has the highest absolute number of recorded road deaths, followed by China.

 

 

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