What is it? The percentage of the poorest (the bottom 20%) who go to higher secondary schools in urban areas, compared with 66% for the richest fifth of the population.
Why is it important? An indicator of unequal access to education and increase in disparities between rich and power as we go higher up the ladder of education. Underlines the need for better-focussed government spending in education. India spent 3.8% of its GDP (gross domestic product) in 2012, which is lower than the spend (as a percentage of GDP) in some poorer countries such as Nepal (4.7% in 2014) and Vietnam (6.3% in 2012).
Tell me more: This percentage is expressed as net attendance ratio – the number of students attending a particular class-group divided by the total number of people in that age group.
~ $500 million
What is it? Restaurants listings company Zomato Media’s valuation, according to brokerage HSBC Securities and Capital Markets India – slashed by half since its last round of funding in September.
Why is it important? Though the reduction is not by its investors, it keeps alive the concerns about overvaluation of Indian unicorns (startups valued at over $1 billion). Flipkart’s major investors – Morgan Stanley and T Rowe Price – cut the value of their stakes by 27% and 15% respectively while two minor investors slashed it by around 30-40%.
Tell me more: HSBC’s reasons for the marking down include: Zomato being non-profitable in any of the 23 markets it operates in, increasing competition and the firm’s heavy reliance on advertisements as an intrinsic part of its business model. Zomato, which has raised $224 million since its inception in 2008, has disagreed with HSBC’s estimates terming them “valuations markdown speculations of third parties” and said it is on course to becoming profitable soon. Zomato laid off 10% of its 3,000-strong workforce last year.
What is it? Lok Sabha’s productivity in the second half of the ongoing budget session (up to May 5) while that of Rajya Sabha is 98%.
Why is it important? This is despite the NDA and Congress training their guns on each other with issues (especially in the Rajya Sabha) such as Uttarakhand political crisis, Panama Papers and the AgustaWestland deal. The Lok Sabha has passed six bills while the Upper House has passed seven.
Tell me more: The ones passed by the Lok Sabha include: the Compensatory Afforestation Fund Bill, 2015 and the Insolvency and Bankruptcy Code, 2015 while those passed by the Rajya Sabha include: The Industries (Development and Regulation) Amendment Bill, 2015 and the Constitution (Scheduled Castes) Order (Amendment) Bill 2016.
What is it? The share of women candidates contesting in four state elections – West Bengal, Kerala, Tamil Nadu and Assam.
Why is it important? Except for Tamil Nadu, which has seen an almost doubling of share of women contestants since 2011, the share has remained almost the same in the other three states. Only 9% of the seats won in these four states in 2011 were by women. A women’s reservation bill that would set aside 33% of seats in the Parliament and state assemblies is pending.
Tell me more: The national average of women legislators in state assemblies is just 9% with states such as Bihar, Haryana and Rajasthan having 14% representation while some other states such as Nagaland and Puducherry have no women MLAs. In the Lok Sabha, just 12% of the members are women.
Rs 62 lakh
What is it? The alleged loss to Haryana state government in a land allotment case connected to National Herald.
Why is it important? This is the first FIR filed in the land deal and is likely to have a bearing on the case filed by BJP leader Subramanian Swamy against Sonia Gandhi, Rahul Gandhi and others for allegedly acquiring AJL (Associated Journals Limited promoters of National Herald) and its assets reportedly worth Rs 5,000 crore through a private firm. This adds further trouble to Congress, which finds itself embroiled in the AgustaWestland scam, as it readies to face elections in five states/UTs this year.
Tell me more: Haryana State Vigilance Bureau has filed a case against former Haryana chief minister Bhupinder Singh Hooda, senior Haryana Urban Development Authority officials and trustees and directors of AJL, on charges of criminal breach of trust, cheating, conspiracy and violation of the Prevention of Corruption Act. The officials reportedly re-allotted the plot measuring 3,360 square metres to AJL at 1982 rates instead of selling it through an open auction. The current market value of the plot is estimated to be about Rs 100 crore.