News in Numbers – June 13, 2016

50

What is it? The number of people shot dead in a gay nightclub in Orlando, Florida by a lone gunman.

Why is it important? The latest mass shooting, the worst in US history, brings to fore the easy availability of guns. There have been at least 1,001 mass shootings in the US resulting in 1,141 deaths since December 2012, according to Gun Violence Archive data. 

Tell me more: The identity of the gunman, a New York born muslim with parents from Afghanistan, is likely to become an election issue where Donald Trump, the presumptive republican nominee, had openly advocated ban of muslims entering US.

133

What is it? The rank of Riya Singh, who topped among the girls in the Joint Entrance Examination (JEE) Advanced conducted for entry into the Indian Institute of Technology (IITs).

Why is it important? Only 13% of 36,566 candidates qualified were female students in the results announced on Sunday. The numbers underscore the barriers to entry for nearly half the student population in cracking admissions to India’s top engineering colleges.

Tell me more: 23 IITs admit 10,575 students in academic year 2016-17. The biggest chunk is IIT, Kharagpur with intake of 1,341 students.  

Rs 600 crore

What is it? Fine levied on five private run hospitals by the Delhi government for not treating poor patients.

Why is it important? Hospitals were allotted land at subsidised rate with a condition that 25% of in-patient and 10% of out-patient capacity to treat poor patients free of cost. The action by government follows a public interest litigation by Social Jurist in 2007 that private hospitals be fined for not giving free treatment to poor patients.

Tell me more: The land were allotted between 1960 and 1990, and the fine amount is calculated till 2007 from the time the hospital became operational.

145%

What is it? China’s corporate debt to GDP ratio.

Why is it important? A top International Monetary Fund official has called it a “key fault line in the Chinese economy”. The huge debt, which was once seen as essential to drive growth, could have adverse impact on China, and owing to the size of its economy, on the world, if it’s left unchecked.

Tell me more: Meanwhile, India is trying hard to tackle its corporate debt that have gone bad. Arundhati Bhattacharya, chairman of India’s largest lender State Bank of India, said the banks should have had more tools and resolution mechanisms to deal with bad loans.

Rs 6,700 crore

What is it? The amount I Squared Capital, a private equity firm, is looking to invest in India over years through its ISQ Global Infrastructure Fund.

Why is it important? It could provide a boost to India’s rooftop solar energy aspirations, a key focus of the fund. It plans to invest about Rs 2000 crore on roof top solar. Indian government is targeting 100GW of solar capacity by 2022, and hopes to pull it off even earlier – by end of 2017.

Tell me more: I Squared Capital was founded by former Morgan Stanley executives, Sadek Wahba, Gautam Bhandari and Adil Rahmathulla all specialising in infrastructure. Its Global Infrastructure Fund has a corpus of 3.8 billion.

 

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News In Numbers – July 23

News In Numbers: July 23

 

20%

A Rajya Sabha panel has recommended capping the proposed Goods and Services Tax (GST) at 20%. If accepted, this is good news for consumers because an earlier panel of state finance ministers had recommended a higher rate of 27%. However, the Rajya Sabha panel kept intact the inter-state levy of 1% on goods. A product from Tamil Nadu to Assam will attract 5% extra tax, as each of the five states will levy a tax of 1% on goods being moved. GST was supposed to merge all state and central taxes into one-single tax rate, so as to create a single all-India market. Inter-state levy would go against this concept.

 

53%

The proportion of 333 women-student respondents in a 2013 gender relations survey conducted at the Jawaharlal Nehru University, New Delhi, who reported they had experienced sexual harassment “once in a while”; another 26% of respondents answered “often (weekly)”. However, only 34 complaints were filed by them, underscoring the societal and systemic difficulties faced by women in India in speaking out or following through. On Wednesday, the government stated that 75 cases of sexual harassment against women educators and research scholars were reported by 84 Indian universities in 2014-15.

 

Rs 41,000 crore

India’s oil import dues to Iran. Amidst concerns that India might have to clear this due immediately after Iran signed a deal with six world powers about a week ago to curb its nuclear programme in return for lifting of international sanctions, the middle-eastern country has proposed it can invest a part of the corpus in Indian projects. India was unable to pay fully for its oil imports in the past two years, as US and Europe have banned financial institutions from doing business with Iran. Imports from Iran accounted for 7.3% of India’s total oil purchases in 2014, making it the seventh-biggest oil supplier to India; India’s total oil import bill for 2014-15 was Rs 7.9 lakh crore.

 

369.9

The suicide rate of women in Indian paramilitary forces per lakh population. This rate for men in central armed police forces, which include the BSF, CISF and CRPF, is 11.2 per lakh population. Women constitute a little less than 2% of all paramilitary force personnel but account for over 40% of suicides. Just four states account for all female suicides in these forces: Madhya Pradesh, Telengana, Bihar and Jammu & Kashmir. In March this year, Home Minister Rajnath Singh had announced that 33% in central paramilitary forces would be reserved for women. The overall incidence of suicides per one lakh population in India for 2014 was 10.6.

 

41

As many as 41 BSE-listed companies have pledged 100% of their stake to raise money, an indication of stressed corporate finances, even as India makes an attempt to recover from an economic slowdown. On the other hand, promoters of 3,240 companies have not pledged any of their shares. Lenders demand extra collateral when value of shares held as pledge go down or when borrowers ask for extra credit. The outstanding corporate debt of Indian companies is over a third of India’s GDP: 34% in 2013-14.

 

 

 

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