News in Numbers, Feb 06, 2017: It takes seven to play fair

7 out of 10

What is it? Countries which voted in favour of the motion at the International Cricket Council (ICC) to remove the ‘Big Three’ model of revenue-sharing between member country cricket boards and the ICC, introduced in 2014.

Why is it important? The vote, in line to get ratified in ICC’s April board meeting, will replace the Board Of Control For Cricket India’s (BCCI) claim to ICC’s highest revenue share. The ICC will likely move towards a more equitable distribution of its earnings among member countries, away from the controversial rule implemented in 2014 that gave India the lion’s share of 20.3% of ICC global revenues, followed by England 4.4% and Australia 2.7% in the 2015-2023 revenue cycle. The rule was based on the argument that these three were more influential in the game and brought in more revenue for the ICC.

Tell me more: India’s old ally Bangladesh and the other two beneficiaries voted against while Sri Lanka was the only country to vote with India, for the Big Three. Zimbabwe did not vote.

 

61 days

What is it? The number of days O Panneerselvam held office as chief minister of Tamil Nadu after the death of his predecessor J Jayalalithaa

Why is it important? Panneerselvam’s resignation from his post on Sunday to let VK Sasikala succeed him comes amidst widespread frustration in the state. In his brief stint as chief minister, Panneerselvam had gained respect for his refreshingly different approach from the autocratic style of Jayalalithaa and for the way he handled the aftermath of cyclone Vardha and protests over Jallikattu. Sasikala, on the other hand, has no experience in administration, has not won any election so far, and faces a court case over accumulating disproportionate wealth.

Tell me more: Panneerselvam’s earlier terms as chief minister lasted longer. He held the office for 161 days after Jayalalithaa was forced to resign by the Supreme Court in 2001, and for 235 days after Jayalalithaa was sent to prison by a special court in 2015.

 

Rs 60,000 crore

What is it? The annual cost of Delhi’s traffic congestion.

Why is it important? Preventing traffic congestions in Delhi could mean saving Rs 60,000 crore for a region which contributes over 4.12% to the country’s GDP. The stakes could even increase to Rs 98,000 crore by 2030 according to a study by IIT Madras, as fuel wasted in idling vehicles, productivity loss, injury from air pollution and road accidents compound the loss further.

Tell me more: Productivity loss on bus commutes was found toconstitute 75% of the total cost and dedicated bus lanes could shave off 50% from the future economic toll traffic would take.

 

1,131

What is it? The number of migrants intercepted by the Libyan coast guard off its shores through last week.

Why is it important? Shows Libya is taking efforts on its own to curb the flow of illegal migrants, leaving their sub-Saharan countries for European shores. The migrants from last week are a fraction of the number of migrants pouring in Libya to travel onwards. Opportunist human smugglers have made Libya a hotbed of abuse and exploitation, with many migrants dying on the sea due to inhuman conditions of transport. The numbers have made European countries offer Libya aid to try and curb such entries.

Tell me more: Libya became the entry-hub for illegal migrants looking to cross the Mediterranean over to Europe after Turkey andGreece shut off theirs.

 

7

What is it? The number of times the winner of Directors Guild of America Award for directing a feature film did not go on to win an Oscar the same year since its inception in 1948

Why is it important? This year, Directors Guild award went to Damien Chazelle who directed La La Land, a musical starring Ryan Gosling and Emma Stone – indicating that the much coveted Academy Award will also go to him. La La Land which first hit the cinemas in November has 93% on movie rating aggregation site Rotten Tomatoesand has earned $223.5 million at the box office

Tell me more: La La Land has won 14 Oscar nominations. The winners will be announced on 26th February during the awards ceremony at the Dolby Theatre in Hollywood, California.

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News in Numbers – September 6

0

What is it?

Number of Indian bowlers in the top 10 in the latest one-day international (ODI) rankings released by the sport’s governing body.

Why is it important?

Bowling has been the weak link in ODIs for India, which is ranked joint third. R Ashwin, at number 12, is the highest-ranked Indian bowler. In ODIs in the past 12 months, of the 10 test-playing nations, India conceded the most runs per wicket (37.3) and second-most runs per over (5.68).

Tell me more:

By comparison, India was tied with South Africa in having three players in the top 10 list of ODI batsmen: Virat Kohli (ranked 2), Rohit Sharma (7) and Shikhar Dhawan (8).

2.3

What is it?

Number of passenger complaints against Air India in July for every 10,000 passengers ferried by the airline on domestic routes, the most among large carriers.

Why is it important?

Air India has consistently had the worst record among domestic airlines on complaints. In the latest episode, a section of Air India pilots took leave on Monday, in the backdrop of protests over payment and other issues, delaying flights.

Tell me more:

The best were Vistara (0.1) and IndiGo (0.3). In July, 34.2% of complaints across airlines related to “flight problems”, followed by customer service (27.4%).

2085

What is it?

The year by which India will achieve universal upper secondary education, as per Global Education Monitoring report by UNESCO.

Why is it important?

This would be 55 years late as compared to United Nations’ Sustainable Development Goals which wants ‘free, equitable and quality’ primary and secondary education for all. Universal primary and lower secondary education will be achieved only by 2050 and 2060 respectively.

Tell me more:

There is a correlation between education and economic growth. Universal upper secondary education by 2030 in poor countries will lift 60 million people out of poverty by 2050, as earnings will increase by 75%.

283.36 million tonnes

What is it?

India’s estimated horticultural production in 2015-16

Why is it important?

This is higher than the country’s foodgrain production for the fourth year in a row – and is a good news for farmers for a number of reasons. Fruits and vegetables take up less land than foodgrains, and can benefit small and marginal farmers. They can also be harvested in shorter durations, compared to foodgrains, and ensure cash flow to farmers, a reason why it’s picking up.

Tell me more:

Onion production grew 11% to 21 million tonnes in 2015-16, while tomato production was up 12%. Potatoes dropped by 9%.

$255 billion

What is it?

Market cap of China-based web company Tencent Holdings, whose well known brands include WeChat and QQ

Why is it important?

It’s now the most valuable company in Asia, and among the top ten in the world. It was mostly recently in news in India after it invested in Hike Messenger, propelling the Indian startup to Unicorn status (over $1billion in valuation). Tencent has been active in India for some years now, and made its first startup investment in Practo in 2015.

Tell me more

Tencent overtook China Mobile on Monday rising by 4% in Hong Kong. Tencent primarily makes money through its flourishing online gaming business.

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News in numbers, Oct 15, 2015: Pharmacy stores’ protest, wholesale inflation of pulses…

~ 800,000

What is it? The estimated number of Pharmacy stores that closed their operations for a day protesting against online sale of drugs.

Why is it important? The All India Organization of Chemists and Druggists (AIOCD),which represents the offline pharmacy stores, claims their business is affected 50% since online sales of drugs. Snapdeal.com, Zigy and 1mg are among the several startups backed by investors like Intel Capital, Omidyar Network, and Sequoia Capital that sell drugs online.

Tell me more: The protests by AIOCD is a broad reflection of conflict between brick and mortar retailers and online portals. Last week, a traders body complained to the Commerce Ministry that online retailers like Flipkart, Snapdeal, and Amazon India are violating India’s foreign investment rules.

 

7%

What is it? Price cut on soaps and detergents sold by Hindustan Unilever Ltd (HUL), India’s largest fast moving consumer goods firm, to boost sales in three months ended September 2015.

Why is it important? HUL’s sales is a proxy of consumer demand, especially in rural market because of its extensive network. Price deflation because of poor rural demand and lower commodity prices is a validation of the Reserve Bank of India’s outlook that inflation has moderated.

Tell me more: Soaps and detergents account for nearly half of HUL’s revenue of Rs 30,791 crore. This is a better reflector of rural demand compared to personal products or beverages.

 

Rs 249 crore

What is it? The amount Corporate India donated to Swachh Bharat Kosh, a fund created to get contributions from individuals and companies, towards government’s pet project, ‘Swachh Bharat’ (Clean India).

Why is it important? Swachh Bharat had set an ambitious target of building 25 lakh individual toilets in urban areas, and achieve 100% collection of solid waste in 1,000 cities and towns in current fiscal. In the first year, this report says, only 25% of targets were met in urban areas.

Tell me more: Larsen & Toubro, a conglomerate with interests in engineering, construction and financial services, donated the maximum with Rs 60 crore.

 

38.56%

What is it? Wholesale inflation of pulses in September this year, as consecutive deficit monsoon rain has hit domestic production.

Why is it important? Pulses is a major source of protein for Indians. India consumes 22 million tonnes of pulses annually, and domestic output is not enough to meet the demand. A further fall in production will mean increased prices.

Tell me more: A fall in domestic production of pulses is a boon for Canadian farmers, who are getting 50% more prices for their red lentils and yellow peas.

 

8 years

What is it? The duration for which Nissan will be the global partner to cricket’s governing body. The Japanese car manufacturer will sponsor all multilateral events of the International Cricket Council, including the 2019 World Cup. The deal size was not announced.

Why is it important? While it has sponsored other sporting events, this is the first time Nissan, which is owned by French company Renault, is padding up for cricket. It’s part of its international push, especially India, where it started selling in 2010 and has managed a market share of 2% so far. It is now targeting 5% by 2020.

Tell me more: The previous global partner of ICC was South Korea’s Hyundai, one of the three global car manufacturers whose India ride has not been bumpy.

 

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