What is it? The percentage by which men’s average spend per month on moisturizers exceeds women’s in the age group of 18 and 24 years, according to data from research firm IMRB International’s Target Group Index.
Why is it important? An indicator that men in this age group are spending more on grooming products than women, which goes against the popular perception that it is the latter’s domain. Another example: men in this age group spend 6% more on conditioners every month than women. Men aged between 18 and 45 spend 10% more on body washes and 7% more on face washes and scrubs than women per month.
Tell me more: The Indian men’s grooming market is estimated to touch Rs 14,200 crore by 2020, up from Rs 7,500 crore in 2015 (was Rs 3,000 crore in 2010), according to Euromonitor International.
What is it? The expected loss per unit of power distribution companies (discoms) that have joined the Ujwal Discom Assurance Yojana (UDAY) by 2018-19 from 64 paise in 2015-16, according to research and ratings firm Crisil.
Why is it important? UDAY scheme envisages zero loss. The scheme was launched by the Indian government last year for financialand operational turnaround of discoms and 17 states have signed up for the same so far. While the losses might not be eliminated, it’s projected to come down. The expected aggregate losses of these discoms are expected to see a drop of 46% to Rs 20,000 crore by 2018-19 from Rs 37,000 crore now. The total debt of state discoms were Rs 4 lakh crore by the end of March 2015.
Tell me more: Chhattisgarh, Uttarakhand, Rajasthan and Haryana are likely to do well under the scheme while Uttar Pradesh, Bihar and Jammu and Kashmir are expected to be laggards. The three states are expected to account for almost two-thirds of the gap or loss (average revenue realised minus average cost of supply).
Rs 1,000 crore
What is it? India’s annual losses due to corrosion of steel in structures and buildings in the coastal areas, according to Steel Minister Chaudhary Birendra Singh.
Why is it important? The government is considering a proposal to make galvanisation of steel mandatory in sectors such as automobile, infrastructure and construction to build corrosion-free steel vehicles and buildings. Discussions between various ministries are on and a Cabinet note is expected to be moved that would require regular steel to be replaced by zinc-coated steel. Galvanised steel is also likely to be used in the Smart Cities Mission as well as Pradhan Mantri Awas Yojana (affordable housing for all).
Tell me more: Corrosion causes losses to the extent of 4-5% of India’s gross domestic product annually, as per an internal analysis of Hindustan Zinc Limited.
What is it? The number of people who die from traffic accidents in the world every year, according to the United Nations (UN).
Why is it important? Nearly half (49%) are pedestrians, cyclists and motorcyclists, which highlights the lack of safe walking and cycling infrastructure in many countries. The UN has asked countries to invest at least 20% of their transport budgets on such infrastructure to not only save lives but also, help in reversing pollution and reducing carbon emissions.
Tell me more: Motorised transport, which is responsible for nearly a quarter (23%) of global carbon dioxide emissions (and the fastest growing sector in greenhouse gas emissions), is likely to be responsible for a third of the carbon dioxide emissions by 2050 at current rates. The report noted that countries such as India have come up with high-quality engineering design and construction guidelines for bicycle and pedestrian facilities but have been weak in implementing them.
What is it? HSBC’s market share in the participatory notes segment in India at the end of 2015-16. P-Notes are instruments issued by registered foreign institutional investors to overseas investors who want to invest in the Indian stock markets without registering themselves with the Indian market regulator.
Why is it important? HSBC, which is one of the top five issuers of P-Notes, is planning to close down this business vertical in India. Following stricter rules, the recently-signed double tax avoidance agreement with Mauritius and with the Special Investigation Teamhaving reportedly having asked the market regulator to provide details of those investing through P-Notes to crackdown on black money, the instrument has been losing its attractiveness.
Tell me more: The share of P-Notes in the foreign portfolio investors’ (FPI) asset base has been gradually declining: from 11% of total FPI assets as on September 30, 2015 to 8.4% of total FPI assets as on August 30, 2016. It remains to be seen how the other P-Notes’ issuers would react to the changing situation.