Monsoon cracks on ☔

6%

What is it? The percentage above normal registered by monsoon rainfall till July 2.

Why is it important? The monsoon, which accounts for over 70% of India’s annual rainfall, is the primary source of irrigation for half of the country’s cropland and refills over 80 nationally-monitored water reservoirs (important for drinking purposes, power and irrigation).

Tell me more: The monsoon is expected to cover the country by July 15, on schedule. The onset of the southwest monsoon has led farmers to plant 19% more hectare with rain-dependent kharif crops than last year (22.2 million hectare over 18.7 million hectare).

 

8%

What is it? The hike in Bharti Airtel Chairman Sunil Bharti Mittal’s annual pay in 2016-17.

Why is it important? Mittal’s pay increased despite India’s largest telecom operator  suffering a sharp decline in annual consolidated profit this year due to intense competition. In 2016-17, Bharti Airtel’s consolidated net profit was Rs 3,799 crore, registering a fall of 37.5%. Mittal’s income rose from Rs 27.8 crore to Rs 30.1 crore in the same year.

Tell me more: Bharti Airtel Managing Director and CEO (India and South Asia) Gopal Vittal earned nearly 50% more than last year, as well. It is unlike the trend in another sector: chiefs in the IT industry such as Infosys CEO Vishal Sikka and Wipro Chairman Azim Premji have taken cuts in their pay, in line with performance goals.

 

28%

What is it? The percentage of women students who secured admission to the post graduate programme in management at the Indian Institute of Management, Ahmedabad (IIMA) – the premier business school.

Why is it important? This was achieved without giving extra marks or gender-specific quotas. IIMA decided to give lower weightage to the score from the Common Admission Test, an entrance exam for getting admission to business schools, and invite candidates from non-engineering background for the interviews.

Tell me more: Around 85% of students in IIM, Bangalore are from engineering background, and within that 50% are from Indian Institute of Technology and National Institute of Technology.

 

33.6 million

What is it? The number of youth in the 18-19 age group who remain unregistered on the voters’ list.

Why is it important? This number is 60% of eligible voters in the age group of 18-19 years. However, the number of eligible voters not enrolled has come down from 90% six years back. Indian citizens are allowed to vote after reaching 18 years.

Tell me more: The Election Commission of India is running a month-long drive in July to persuade them to register. For the generation hooked on social media, EC has tied up with Facebook to host a special button for registration.

 

Upto Rs 32

What is it? The hike in the cost of an LPG or cooking gas cylinder.

Why is it important? Household LPG cylinders are set to become costlier because under GST it is under the slab of 5% taxation, higher than the VAT levied earlier by some states at 2-4%. Further cuts in subsidy of LPG connections in June will compound the price rise, and go up to Rs 32 extra for each cylinder in some states.

Tell me more: The last subsidy cut was in May of around Rs 2, implementing the government’s target of eliminating it through small increases.

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News in Numbers, Oct 12, 2016: The problem of too much, too little…

15.2%

What is it? The percentage of undernourished people in India between 2014-16, according to the Global Hunger Index 2016.

Why is it important? This ranks India 97th among 118 developing nations, which is worse than all South Asian countries other than Pakistan. It ranked 80th out of 104 countries last year. If hunger declines at the current rates, 45 countries including India would have ‘moderate’ to ‘alarming’ hunger levels in 2030, which means the United Nations Sustainable Development Goal of ending hunger by then is unlikely to be achieved.

Tell me more: Approximately, two out of every five children below the age of five years are stunted in India while 15.1% of them arewasted (mostly, indicates severe weight loss associated with acute starvation/disease).

 

163 million tonnes

What is it? India’s estimated coal deficit by 2020, down from 191 million tonnes in 2016, according to a report.

Why is it important? India is likely to miss its goal of achieving coal self-sufficiency by 2020 due to delays in opening up of commercial mining to the private sector and giving approvals to state miners, per the report. Coal accounts for 61% of electricity generation capacity in the country and India is looking to reduce its imports by boosting domestic output. However, the government is worried about the how it would sell the surplus coal.

Tell me more: India is looking at 1.5 billion tonnes of coal production by 2020, of which over two-thirds would come from Coal India. India is set to surpass US as the world’s second biggest coal producer after China in four years where its share of world output would increase to 12.7% in 2020 from 9.8% in 2016.

 

$17 billion

What is it? The estimated value of lost sales from Galaxy Note 7 for Samsung Electronics, according to analysts.

Why is it important? This is after the company announced that it is halting production and sales of its flagship Galaxy Note 7 on Tuesday. The amount is calculated based on the lost sales of up to 19 million phones. This is more than triple the amount of $5 billion analysts expected Samsung to report in missed sales and recall costs, assuming that the company would recommence global sales of the product in the fourth quarter. Though the company would probably be able to absorb these costs as it has a market value of $235 billion and $69 billion in cash, it remains to be seen how this affects its brand value and the sales of its other smartphone models.

Tell me more: The product was launched on August 2 in New York and complaints of overhearing started emerging followed by reports of the devices catching fire. In September, Samsung recalled 2.5 million of Note 7s.

 

135 million tonnes

What is it? The estimated farm output in kharif crops this year, according to the Ministry of Agriculture.

Why is it important? It’s 9% higher than last year, and comes on the back of good monsoon during the season. It will raise farm income, which drives a range of consumer products in India from white goodsto automobiles. This follows two years of drought.

Tell me more: This season saw the rainfall well distributed across the country, India Meteorological Department said. This season saw farmers increasing area under cultivation – 4.4% higher than five year average for crops in general, and 37% higher for pulses.

 

1.5 million

What is it? The number of people killed by animals in 2015.

Why is it important? Mosquitoes accounted for over 54% of all deaths, with malaria-carrying insects killing a child every minute. Prevention and control measures can bring down the deaths. There has been a 60% reduction in mortality rates since 2000. There are 12,000 cases of Dengue and Chikungunya, both mosquito-borne diseases caused by the same Aedes aegypti mosquitoes that spread Zika, in India by last count.

Tell me more: After mosquitoes, the second biggest cause are human beings themselves. Humans accounted for 37.73% or 580,000 deaths in 2015. War claimed about 172,000 lives.

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