Amazon and Flipkart are outdoing each other, but last quarter was a downer for both the e-commerce giants. On GST, governemnt collected the lowest tax last month ever since the new tax regime was launched in July. A report said, more people are dying prematurely due to air pollution in India and this can get worse in coming decades. Delhi metro has done a ton of good in encouraging other cities to come under the metro rail network. And in cricket, Ashwin reached a milestone on Monday, as India routed Sri Lanka in the second test at Nagpur.
What is it? The respective scores of Flipkart and Amazon India in the July-September period, according to the latest RedSeer E-tailing Leadership Index.
Why is it important? Scores of both companies have declined from 95 in the previous quarter. Identical scores of India’s top two e-commerce firms in two consecutive quarters indicates intense competition with no clear winner. While RedSeer did not give any reason for the decline in their scores, the previous quarter saw the flagship festive sales of both Flipkart and Amazon, and the higher volume of orders could have affected customer satisfaction levels.
Tell me more: Flipkart has emerged as the most trusted brand in e-commerce in India, while Amazon tops in customer experience.
Rs 83,346 crore
What is it? Collections under GST (goods and services tax) for October up to Monday (November 27).
Why is it important? This is the lowest since July, the first month when GST was implemented in the country. The government attributed the lower tax collections to, among other reasons, lower tax incidence on most goods. In a report on Monday, India Ratings said the government’s disinvestment drive and encouraging GST collections would help “reduce pressure on fiscal arithmetic”. The government has used up 96.1% of its full-year fiscal deficit target in the first five months of 2017-18. It has set a fiscal deficit target of 3.2% of gross domestic product for the current fiscal.
Tell me more: The GST collections in July, August and September were Rs 92,283 crore, Rs 90,669 crore and Rs 92,150 crore respectively.
What is it? The percentage of premature deaths in India caused by air pollution alone, according to a report by the Centre for Science and Environment (CSE).
Why is it important? It highlights the urgent need for a multi-pronged approach to lower air pollution levels across the country. The report says every third child in Delhi, which is among the world’s most polluted cities, has impaired lungs. Not only are Indian cities witnessing higher pollution levels but 41 tier-II cities exceed the ambient air quality standard. The Organisation for Economic Cooperation and Development has said air pollution could cause 6-9 million deaths by 2060, with the biggest increases in mortality rates in India and China, among others.
Tell me more: The CSE report also said 61% of all premature deaths in the country can be attributed to lifestyle or non-communicable diseases.
What is it? The number of Indian cities that will have a metro rail service following the inauguration of the Hyderabad Metro on Tuesday. The other eight cities are Bengaluru, Chennai, Delhi, Gurugram, Jaipur, Kochi, Kolkata and Mumbai.
Why is it important? India has been late to embracing metro rail as a means of public transport, and it’s only in the last decade, following the success of the Delhi Metro, that cities have taken to it. Another two dozen projects are at various stages of completion or lined up with the ministry of urban development.
Tell me more: China has been extremely aggressive in making the metro rail a mainstay of its public transport system. In the global list of top 10 cities with the longest metro rail network, four are from China; Delhi is at number 11.
What is it? The number of test matches that Indian off spinner Ravichandran Ashwin took to reach 300 test wickets. Ashwin reached this milestone on Monday, as India routed Sri Lanka in the second test at Nagpur.
Why is it important? Among the 30 bowlers who have scalped 300 test wickets, Ashwin is the quickest to this milestone in number of tests. He bettered the record of Australian fast bowler Dennis Lillee, of 56 matches.
Tell me more: Ashwin is the fifth Indian to reach 300 test wickets. Also, he is only the third blower to return at least 50 test wickets in three consecutive calendar years, the others being Shane Warne (1995-97) and Muttiah Muralitharan (2000-02).