News in numbers, Dec 9, 2015: Job creation numbers, India’s missing women and children…

 

43,000

 

What is it? Net fall in jobs in textiles, automobiles, leather, metals, gems and jewellery, transportation, information technology/business process outsourcing (IT/BPO) and handloom/powerloom sectors in the April-June quarter this year, compared to the previous quarter, per quarterly employment survey.

 

Why is it important? This is a four-quarter low for job creation in manufacturing and export-oriented sectors. Despite a 7% GDP growth recorded in the first quarter of 2015-16, dismal job creation numbers show economic recovery is slower than expected and still has a long way to go.

 

Tell me more: Automobiles and textiles and apparels reported the largest decrease in jobs in the April-June 2015 quarter: 18,000 and 17,000 respectively.

 

1.35 lakh

 

What is it? Number of missing women in India as of November 30, 2015, as per government records.

 

Why is it important? That is an increase of 41% from nearly a year ago. Trafficking of women and children for various purposes such as for domestic help, forced marriages, sexual exploitation, forced labour, begging rackets and stealing of organs, is a major problem in India. According to non-governmental organisation, Prajwala, which had moved the Supreme Court against trafficking of women and girls, as many as 200,000 women and children are inducted into the flesh trade every year.

 

Tell me more: The number of missing children as of November was 61,000, an increase of 34.5% from December 2014. The Indian government has approved the setting up of 150 specialised investigative units on crimes against women in states and union territories on a 50:50 fund sharing basis.

 

Rs 1,427 crore

 

What is it? The amount Flipkart India and Flipkart Internet borrowed from banks by pledging their assets in the August-October period this year.

 

Why is it important? High growth companies such as Flipkart tend to avoid debt, because it comes with interest costs, and other risks related to default. Instead, they go for venture capital funding. In fact, Flipkart has raised $3.2 billion since inception – and over 80% of it in the last two years.

 

Tell me more: Flipkart India and Flipkart Internet reported a loss of Rs 2,000 crore in 2014-15, three times the loss it posted the previous financial year.

 

Rs 65-70 crore

 

What is it? The amount the two new Indian Premier League franchisees for Pune and Rajkot will forego from the central pool of the league’s revenue to be a part of IPL.

 

Why is it important? Shows the intensity of competition for the franchise. In fact, New Rising Promoters and Intex Technologies would be paying BCCI Rs 16 crore and Rs 10 crore respectively, per year for the teams. Power utility CESC Ltd chairman Sanjiv Goenka’s New Rising won Pune by bidding minus Rs 16 crore while mobile phone maker Intex Technologies got Rajkot by bidding minus Rs 10 crore. In a reverse bidding process by the Board of Control for Cricket in India (BCCI), the companies that bid for the lowest amount to be received from the central pool for the teams, are declared winners.

 

Tell me more: These two teams would replace Chennai Super Kings and Rajasthan Royals for two years.

 

Rs 5,000

 

What is it? Flight ticket prices (starting range) to fly from Mumbai to Goa between December 20 and January 1.

 

Why is it important? This is half of the ticket prices that reigned five years ago between the same sectors. And, Goa is one of the busiest places to holiday in Christmas/New Year season. Fuel prices at a near seven-year low and increase in capacity have led to this drop.

 

Tell me more: The average airfare between the New Delhi-Mumbai sector in December 2015 is Rs 4,984 compared to Rs 5,581 in 2010.

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News in numbers, Nov 5, 2015: All-time low solar tariff, human trafficking from Nepal to India…

Rs 4.63

What is it? Price at which US-based SunEdison will sell solar power per kilowatt-hour in India.

Why is it important? This is an all-time low solar tariff in India and gives a boost to the Indian government’s ambitious target of installing 175 GW of renewable energy capacity by 2022. Of this, 100 GW would be comprised of solar energy. India’s solar generation capacity is 2,900 MW now. This would also help India’s plans of providing solar power at Rs 4.75 per unit to state electricity boards, which are struggling with mounting debts and losses and reluctant to buy power.

Tell me more: SunEdison won the auction for a 500 megawatt project in Andhra Pradesh. The previous low tariff was Rs 5.05 per kilowatt-hour for Canadian company SkyPower’s project in Madhya Pradesh.

 

5 to 9

What is it? Multiple by which nitrogen oxide emissions were higher in a sample of 11 vehicles manufactured by Volkswagen Group in India – compared to levels tested during the approval stage, according to the Automotive Research Association of India.

Why is it important? Indicates that despite tough laws, some companies are able to get through the approval process without playing by the rule book. It remains to be seen if it’s a one-off or an industry-wide phenomenon. For VW, it is more bad news as its emission scandal gets murkier. According to the ARAI, VW India has informed them that 314,000 cars (across Volkswagen, Skoda and Audi models) have been fitted with engines from the E 189 diesel engine family, which have been used to fool emission tests in the US and Europe.

Tell me more: The Indian government has issued a show cause notice to VW asking it to explain its position on these findings and disclose if it has used an emission defeat device in India. The company has confirmed that it has received the show cause notice from the government-owned agency, Automotive Research Association of India, and would respond to it by the end of this month.

 

25%

What is it? Share of devices connected on mobile networks in India that are 3G-enabled, according to a survey by Nokia Networks.

Why is it important? Of this, only 45% are used for 3G services – pointing to an opportunity for telecom companies to tap into. The survey shows that of the sample size of 650 million subscribers, just 2.3% have 4G-enabled devices. Given the likelihood of prices of 4G devices coming down in the near future, there is a possibility of 4G overtaking 3G in terms of subscription, Nokia Networks said.

Tell me more: Mumbai, Delhi, Kerala, Punjab and Kolkata are the top five cities in terms of 3G device penetration. 

 

500%

What is it? The percentage increase in human trafficking from Nepal to India in 2015 (with two months to spare) compared to 2014.

Why is it important? The human trafficking from Nepal has seen a threefold increase after a massive earthquake devastated large parts of the country this April. Shows the levels of poverty that people have been subjected to, after the quake and their desperation to escape it all.  

Tell me more: Till this September, the Sahastra Seema Bal, one of India’s Central Armed Police Forces, has rescued 206 victims, of which 159 were rescued after the quake. In 2014, 33 victims were rescued.

 

€2 billion (over Rs 14,000 crore)

What is it? France’s committed investment for India’s Smart Cities Mission.

Why is it important? Despite the various challenges that the Indian economy faces, particularly the infrastructure sector, this indicates international interest in India’s long term growth story. But, there are serious concerns about how such ambitious urban projects would get funded.

Tell me more: The Western European nation is also investing 200 million (over Rs 1,400 crore) for the extension of the Bangalore metro network.

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