News in numbers, Dec 11, 2015: Recall by Honda Cars India, Twitter’s India revenue…





What is it? Number of cars Honda Cars India will recall to replace the fuel return pipe, which leads unspent fuel back to the fuel tank.


Why is it important? Faulty return pipes could potentially result in fuel leakage and stop the engine. This is the fourth recall for the Japanese carmaker this year adding up to 3.3 lakh units in 2015. It’s about a fifth of the total number of cars that have been recalled in India since the Society of Indian Automobiles introduced a voluntary code on vehicle recall in July 2012.


Tell me more: The recall includes 64,428 units of diesel variants of Honda City (manufactured between December 2013 and July 2015) and 25,782 units of diesel variants of Honda Mobilio (manufactured between June 2014 and July 2015).


$140 billion


What is it? The capital Indian banks would need to ensure full implementation of Basel III norms by 2019, according to a report by ratings agency Fitch. Basel III norms require banks to have enough capital and liquid assets in its coffers.


Why is it important? It means banks will have to raise more capital. In case of public sector banks, that would mean government injecting capital to maintain its stake in the banks. The Indian government’s July announcement of providing $11 billion to state lenders over the next four years will not cover the requirement.


Tell me more: Bad loans account for 4.2% of the total lending in Indian banks, and more than a tenth of its loans are stressed (bad loans plus restructured loans)


Rs 13.26 crore


What is it? Revenue of the Indian unit of Twitter (TwitterCommunications India) in 2014-15.


Why is it important? It’s 0.12% of its global revenue ($1.59 billion), even though Twitter is estimated to have about 22.2 million users in India, or 7% of its global monthly users. It has a much bigger mindshare, and is being used extensively in the relief efforts around Chennai floods.


Tell me more: TwitterCommunications India’s revenue is up 3 times from Rs 4.17 crore last year. Its net profit also increased threefold to Rs 1.07 crore in 2014-15 from Rs 35.7 lakh the previous year. Globally, the company has been struggling to increase its user base.


Rs 21,457 crore


What is it? Total debt in ‘default’ category (It is considered ‘default’ if repayment is delayed by a day) as of December 8 this year, according to India Ratings and Research.


Why is it important? This is more than double of what was recorded in the entire year of 2014 – Rs 9,035 crore. It’s yet another indicator that the economy is not performing as well as the GDP numbers suggest.


Tell me more: Data from another rating agency, Credit Rating Information Services of India (CRISIL), shows that debt in the default category was at Rs 25,895 crore as of September this year compared to Rs 28,323 crore for the full year in 2014.


$3 billion


What is it? Extent of economic loss caused by severe rainfall and flooding in November and December in Tamil Nadu and Andhra Pradesh, according to reinsurance broker Aon Benfield.


Why is it important? One of the early estimates of the loss. Expect updates in the coming days, after on ground assessments and extrapolation of insurance data (Insurance penetration is low in India – about 3.9%). As it is, this is about a third of the annual economic losses India is estimated to incur per year, as per a report by the United Nations. The annual economic losses due to disasters is estimated to be about $9.8 billion per year, of which floods account for nearly three-fourth or 71% ($7 billion).


Tell me more: Claims by India’s sole domestic reinsurer, General Insurance Corporation, is likely to reach up to $300 million.

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News in Numbers – September 17, 2015

News In Numbers: September 17, 2015



The number of entities that have received ‘in principle’ approval for setting up small finance banks from the Reserve Bank of India (RBI). The central bank had received 72 applications. Last month, the RBI gave in principle approval to 11 entities to set up payment banks and PayTM has recently announced that it would be the first one to set up a payments bank in India by the end of the current financial year. A small bank, as the name suggests, would provide basic banking services such as deposits and loans but “in a limited area of operation”  whereas payment banks cannot offer loans but would provide small savings accounts, remittances and payments services. Small banks would help in financial inclusion  would help in the cause of furthering financial inclusion by “provision of savings vehicles”, giving credit to small business units, small and marginal farmers, micro and small industries and other unorganised sector entities through high-technology, low-cost operations. The minimum paid-up equity capital for small finance banks was set as Rs 100 crore.



After 100 smart cities, the Indian government is now planning to develop 300 ‘smart village clusters’ at a cost of Rs 5,142 crore in the next three years. These would be developed as economic hubs that would offer employment opportunities, skill development training linked to economic activities, agro-processing, digital literacy, better schools, provision of piped water and sanitation, among other things. Besides this, the cabinet also approved the increase the number of days of employment under the Mahatma Gandhi National Rural Employment Guarantee Scheme to 150 days from 100 in the areas that have been hit by drought or natural calamities. These two decisions are aimed at alleviating rural distress building up due to below-average monsoon in many parts of the country.The number of farmers committing suicide due to agricultural stress in certain states including Karnataka and Maharashtra are on the rise. A Crisil report says four states (Bihar, Karnataka, Maharashtra and Uttar Pradesh) and five crops (jowar, soyabean, tur, maize and cotton) “are most hurt by deficient rains”. These states contribute to over a third of India’s total foodgrain production in India.


Rs 6 lakh

Employees Provident Fund Organisation (EPFO) decided to increase life cover for its 40 million subscribers to Rs 6 lakh, as compared to Rs 3.6 lakh at present. Life insurance payments were given to 30,000 subscribers’ families in 2014-15, at an estimated outgo of Rs 180 crore. Employers, who don’t provide health cover to their employees, contribute 0.5% towards the corpus, Employees Deposit Linked Insurance (EDLI). EPFO manages Rs 8.5 trillion corpus. At 40 million subscribers, they represent mostly the organised employment whereas bulk of India’s workforce are unorganized and don’t get to benefit from this move.



23 lakh

The number of people who have applied for 368 positions of peons at the state assembly in Lucknow, Uttar Pradesh. Of these, over 2 lakh applicants hold at least a graduate degree. There are 255 of them with doctorate degrees too. The requirements for this position is school education and bicycle-riding skills. A peon’s position would get pay a salary of at least Rs 16,000 per month plus other government benefits. The unemployment rate in India was estimated to be 4.9% in 2013-14 and that in the age group of 18-29 years was 12.9%. The unemployment rate of people in this age group who are at least graduates was 28%. The 66th round of National Sample Survey Organisation report has estimated that Uttar Pradesh would have 1 crore unemployed youth aged 15-35 years by 2017.



The percentage of drop in central government funding allocation to Delhi for controlling vector-borne diseases between 2012 and 2015. It stands at just Rs 17 crore now. The Delhi government, in turn, has allocated a smaller proportion of funds to the municipal corporations. Of the total expenditure by the directorate of health services, the share of funds for controlling malaria and dengue has come down to less than 5% from 10%. The Delhi Health Society, set up to receive funds from the central government, had asked for Rs 2.5 crore to fight dengue and malaria in 2015-16 but received only 50% of that amount. The state government has unspent balance of Rs 19 crore from the previous year. Until September 12, over 1,800 cases of dengue have been reported in Delhi and as on September 16, the death toll rose to 13. Delhi is witnessing its worst dengue outbreak since 2010. is a search engine for public data

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News in Numbers – September 4, 2015

News In Numbers: September 4, 2015


Rs 20,000 crore

The one-time impact on profitability of banks in 2016-17 if the Reserve Bank of India’s (RBI) draft guidelines on computation of base rate are implemented in their present form, according to ratings agency Crisil. This would be about 15% of their collective estimated profits in the next fiscal. The central bank on Tuesday invited comments on these guidelines. Currently, banks use different methods to compute their base rate and the one suggested by RBI “should be more sensitive to changes in policy rates”. However, Crisil says this would create an adverse impact as banks would be reluctant to cut deposit rates given its impact on their profitability. Banks are already battling rising bad loans, which is affecting their profitability.


$7.94 billion

Mumbai’s economic output at risk in the event of a terrorist attack between 2015 and 2025, according to Lloyd’s, the world’s oldest active insurance marketplace. In the terrorism context, Mumbai ranks number one among 301 cities, with 16.8% of its GDP (gross domestic product) at risk. The Lloyd’s City Rank Index says 10 Indian cities, including Ahmedabad, Bengaluru, Chennai, Delhi and Mumbai, are the top ones in terms of GDP at risk. In terms of overall threats (besides terrorism, volcano, nuclear accident, market crash, etc), the three cities with maximum economic output at risk are Taipei, Tokyo and Seoul, and none of the Indian cities figure in the top 20.



The number of state quota seats illegally filled between 2009 and 2013 in private medical and dental colleges in Madhya Pradesh, according to the state government. Known as the DMAT scam, it came to light when a whistleblower filed a complaint with the Central Bureau of Investigation (CBI). The DMAT exam is conducted by the Association for Private Medical and Dental Colleges (APDMC) to fill 58% of around 2,800 seats in 15 private dental colleges and six private medical colleges. The rest are filled under the state quota, through Vyapam. The whistleblower alleged that almost all admissions under the management and NRI quota are rigged. The CBI recently told the Supreme Court that the DMAT scam looks bigger than the Vyapam scam “in its scope and depth”.


Rs 300 crore

Tata Sons, the holding company of the Tata Group, has moved the Supreme Court challenging the sales tax demand of Rs 300 crore made by the Maharashtra government on the royalty it earns from its subsidiaries for using the ‘Tata’ brand name. In January, the Bombay High Court had ruled in favour of the Maharashtra government. The Tata Group had argued that the right to use the trademark was not exclusive and conditional, and therefore, should not come under the provisions of the ‘Transfer of Right to use any Goods for any Purpose Act, 1985’. Tata Sons earned over Rs 400 crore in royalty in 2014-15. According to Brand Finance, the Tata Group ranked 65 globally in terms of brand value in 2015 and was valued at $15.4 billion.


August 28

The air quality in Delhi has been in the ‘poor’ zone since August 28, almost a month earlier than usual. Typically, air quality drops gradually at the onset of winter and reaches its peak in January, when cold air and fog trap more pollutants. This year, due to the receding of rainfall a month earlier, PM2.5 (fine particulate matter) which is an air pollutant causing serious health problems, had started rising since August 26. In 2013, when rainfall was normal, the air quality was better in the corresponding period. The forecast for the next three days in Delhi shows ‘poor’ air quality, while Mumbai and Pune fare better with ‘good’ air quality predictions. Recently, the World Health Organization named Delhi as the worst of 1,600 cities globally in terms of PM2.5 particles. is a search engine for public data

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