Why is it important? Increasing foreign investment limit and doing away with requirement to get prior government permission will help bring foreign capital into India.
Tell me more: The norms include allowing foreign investment under the automatic route with caps in sectors such as defence, removing restrictions in sectors such as construction and single-brand retail and increase in the limit of foreign investments which need to permission from the Foreign Investment Promotion Board. Some of the sectors where FDI is prohibited under the government route as well as the automatic route are: atomic energy, lottery business, certain agricultural activities, gambling and betting, and the business of chit fund.
What is it? Car sales in October, according to data put out by the Society of Indian Automobile Manufacturers (SIAM), which grew 22% from 159,408 units in October last year.
Why is it important? Car sales is seen as a proxy for economic growth. And, this is the highest monthly year-on-year increase in sales in 4.5 years. Also, this is the 12 straight month of increase in car sales after a few years of muted demand, backed by easing of interest rates, lower fuel prices, the launch of new models and the ongoing festive season. If this trend continues, car manufacturers are likely to be able to increase their capacity utilisation rates, which was at 65% at the industry level in 2014-15.
Tell me more: Motorcycle sales, which are reflective of rural demand, grew only by 6% to 10.7 lakh units in October compared to 10 lakh units in the same month last year.
Rs 31,655.52 crore
What is it? Market capitalisation of InterGlobe Aviation, which operates Indigo Airlines, after its trading debut on the Bombay Stock Exchange (BSE).
Why is it important? Shows investor interest in aviation sector’s potential. Also, this can be seen as a sign for a likely revival in the initial public offer market in India. After Coffee Day Enterprises’ shares slumped by 18% on its market debut last week, there were concerns about InterGlobe’s performance but the company managed to make an impressive debut.
Tell me more: InterGlobe Aviation’s stock price went up by as much as 17.5% on Tuesday to close at 14.7% higher than its offer price.
What is it? Number of industrial units, located alongside River Ganga, that have received notices from the Ministry of Environment and Forests for non-compliance of anti-pollution laws.
Why is it important? Industrial pollution accounts for a fifth of wastewater flow into the river, half of it from Uttar Pradesh. The polluting industries are leather, pulp/ paper, sugar and brass. Controlling this pollution is key to clean River Ganga, which supports 40% of India’s population and account for 25% of water resources.
Tell me more: Cleaning the Ganga is one of the pet projects of Prime Minister Narendra Modi and the Union Cabinet okayed Rs 20,000 crore for this mission earlier this year.
What is it? Number of minutes before the departure of a train one can book a railway ticket online and at reservation counters, from November 12 onwards. At present, booking can be made only four hours before departure.
Why is it important? Helps during any emergency situation and is a passenger-friendly move. However, given the rush on trains, it remains to be seen if berths/seats would be available to be booked half an hour before a train departs.
Tell me more: Charts for a particular train would be prepared twice – four hours before the departure of a train and again, 30 minutes prior to the departure. The Indian Railways hopes this move would ensure optimum utilisation of train accommodation and an increase in revenue.