News in Numbers, Nov 10, 2016: He paid less, much less…

< $5

What is it? The amount US President-elect Donald Trump likely paid per vote, according to a Reuters analysis campaign finance records and voting data. This is on the assumption that the candidates spent all the money raised.

Why is it important? This is about half of what Democratic Party nominee Hillary Clinton spent per vote. Until mid-October, Trump’s campaign committee spent around $238.9 million versus Clinton’s $450.6 million. This works out to be around $859,538 per an electoral vote for Trump and $1.97 million per an electoral vote for Clinton (this doesn’t include spending between October 20 and until election day). Trump got about $5 billion worth of free media coverage during the campaign, which is more than twice of what Clinton got, according to data analytics firm mediaQuant.

Tell me more: Interestingly, Trump also spent lesser than the campaigns of President Barack Obama ($630.8 million) and Mitt Romney ($360.7 million).

 

Rs 2.5 lakh

What is it? The limit above which cash deposits made till December 30 in a bank account will be reported to the tax department by banks.

Why is it important? After having banned old currency denominations of Rs 500 and Rs 1,000 effective Tuesday midnight, the government had announced that one could deposit the old notes in the banks between November 10 and December 30. The authorities would then match the deposits with the income tax returns of the depositors and any mismatch would be treated as a case of tax evasion. The tax amount and a penalty of 200% of the tax payable would be levied. Jewelers are being given instructions to note the PAN numbers of their buyers and the government would take action against those who do not comply with this.

Tell me more: There is a format that has been created to collect information from the depositors and CCTV cameras would be installed to keep track of them. In addition, banks have also appointed nodal officers to deal with situations as and when they arise.

 

202 crore

What is it? The number of currency notes in Rs 100 denomination that would be fed into ATMs over the next few days.

Why is it important? As many as 12,000 cash vans would reportedly carry these notes and on their return trips, they would carry 1,300 notes of Rs 500 and Rs 1,000 denominations (approximately, worth Rs 8.5 lakh crore). This is probably the largest amount of cash that has ever hit the Indian roads at the same time. However, such a seamless operation is possible only if enough Rs 100 notes are supplied on time to banks, cash in transit operators and ATM service providers.

Tell me more: There is likely to be inconvenience for customers who wish to withdraw Rs 100 notes as most ATMs have cassettes (used to dispense cash) that can hold up to only 2,250 notes at a time. And, again, most of these are fitted with four cassettes, which means these ATMs can dispense about Rs 9 lakh when they are fully filled up.

 

Rs 1 lakh crore

What is it? The amount the Karnataka government plans to invest in the development of irrigation projects.

Why is it important? The southern state has been facing its second consecutive drought year, which is also the sixth straight year of deficient rainfall. Karnataka, which is involved in river disputes with six states, has been seeking about 28% of its drought-related losses of Rs 12,125.79 crore this year in disaster relief. The number of farmer suicides has increased from 122 in 2014-15 to a record 1,461 in 2015-16, which the government officials attribute to crop losses, drought and pressure from private money lenders.

Tell me more: The new estimates of irrigation spending are double of the earlier outlay and the escalation in costs is due to delays in completion of existing projects and addition of new ones.

 

1.5%

What is it? The growth forecast for the euro zone in 2017, according to the European Commission.

Why is it important? This is lower from the 1.8% growth predicted by the body in May thanks to Britain’s exit from the European Union, political uncertainty and weak global trade. Investment is expected to rebound in 2018 and is forecast to grow by 3.3% this year, 3.1% in 2017 and 3.5% in 2018.

Tell me more: The UK economy is expected to grow 1.9% in 2016 and this is expected to fall to 1% in 2017, which is almost half of what the Commission had forecast in its previous estimates before the country voted to leave the European Union.

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News in numbers, Feb 3, 2016: India’s borrowing plans for irrigation, Whatsapp’s billion users…

 

Rs 86,000 crore

What is it? Amount India plans to raise by way of overseas loans to fund irrigation projects.

Why is it important? It will add 1.3 crore hectares of irrigated farmland. India has witnessed back-to-back droughts affecting its crop production and threatening to turn it into a net importer of some commodities.

Tell me more: The Indian government is likely to approach the World Bank, Asian Development Bank and state-owned foreign banks for loans with tenures of as much as 25 years. The government-run National Bank for Agriculture and Rural Development is likely to take the lead in the borrowing programme.

 

Rs 5,300 crore

What is it? Amount Sahara Group plans to raise by selling some of its assets to help free its jailed chief Subrata Roy.

Why is it important? This is about 15% of the money (Rs 36,000 crore) it has to refund its investors for a time-deposit scheme declared illegal. The group expects to sell the Sahara Star Hotel, its stake in the Formula One racing team to raise Rs 3,000 crore and the rest by selling of three of its overseas properties.

Tell me more: The Supreme Court was expected to take a decision on the appointment of a receiver to auction off some of the group’s properties on Tuesday. The hearing has now been deferred until March 29. The bail amount for Roy’s release was fixed at Rs 10,000 crore.

Rs 1.14 lakh crore

What is it? Investment commitment by electronic manufacturing firms such as LG, Samsung and Foxconn in India in the last 20 months.

Why is it important? Shows global firms’ interest in Indian government’s ‘Make in India’ programme, partly driven by the government’s incentive scheme for companies setting up electronics manufacturing facilities here. It remains to be seen if all the 156 proposals materialise.

Tell me more: The Indian Electronics Systems Design and Manufacturing industry was estimated to be worth $68 billion in 2012 and was projected to increase to $94.2 billion in 2015 at a compounded annual growth rate of 9.9% between 2011-15.

 

1 billion

What is it? Number of users Whatsapp has now, more than double of those using the service when it was acquired by Facebook two years ago.

Why is it important? Whatsapp rivals – Viber and WeChat (along with its Chinese version) – have 400 million users and 650 million monthly active users. However, in terms of monetisation, WeChat’s average revenue per user at $7 is way higher than Whatsapp’s $1.

Tell me more: Facebook reached this target in 2012 and six months ago, 1 billion users logged in on a single day. Facebook acquired Whatsapp for $22 billion in 2014, justifying the price saying it has the potential of reaching 1 billion users. “The global SMS-system does around 20 bn messages a day. Whatsapp is now doing 42 bn. With 57 engineers.” –@BenedictEvans

 

131

What is it? India’s consumer confidence index in the fourth quarter of 2015, according to a Nielsen survey.

Why is this important? India has been on the top of this index for four quarters in a row now. In terms of job prospects and personal finances, Indians were found to be the most optimistic in the world with 80% and 82% of the respondents (respectively) in India said they were confident of these attributes. However, 50% of the polled Indians said the country is in an “economic recession”, meaning the recessionary sentiment is felt strongly.

Tell me more: Consumer confidence index of China, which posted its lowest economic growth numbers in 25 years recently, increased by one point to 107 in the last quarter of 2015.

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