News in numbers, Nov 9, 2015: Grand Alliance parties versus BJP, IPO lapses in 2015 so far…

64,911 versus 59,287

What is it? Average number of votes per seat of the Grand Alliance parties (JD(U), RJD and Congress) versus number of votes per seat of the BJP in the recently concluded Bihar elections.

Why is it important? BJP, which lost the election, stood first in terms of vote share. But that masked the fact it contested more seats compared to JD(U) and RJD. Calculating votes per seat contested reveal the extent of victory margin. Congress, which won 27 seats, has a higher average number of votes per seat than the BJP, which won 53. Also, BJP contested in 157 seats, the maximum for any single party this time.

Tell me more: BJP got 59,287 votes per seat it contested, as compared to 69,262 for RJD and 63,529 for JD(U).

 

Rs 2.85 lakh crore

What is it? The aggregate non-performing assets (NPAs) or bad loans of 34 of the 39 listed banks in the September quarter that have declared their financial results so far. It has ballooned by 23% since September 2014, and 6% from June this year.

Why is it important? Reveals continued stress in the Indian economy with borrowers not being able to service their loans. Higher NPAs would mean banks have to set aside higher amount to cover the loss.

Tell me more: The central bank in July this year had said that the asset quality of banks is likely to deteriorate before it shows some signs of improvement at the end of the current financial year, though it warned bad loans would increase if the macro-economic situation worsens. Stressed assets (NPAs and loans that are restructured) accounted for 12% of total lending as on March 2015.

 

Rs 10 lakh per annum

What is it? The income limit of households above which they are likely to be asked to give up their LPG subsidy.

Why is it important? The Indian government has been urging people to give up their LPG subsidy if they can afford to buy cooking gas cylinders at market rates. This is because the government is looking to reduce its oil subsidy bill, which was over Rs 40,000 crore in 2014-15. The voluntary nature of the campaign is likely to partially change, depending on households’ income limit.

Tell me more: So far, around 40.1 lakh consumers have voluntarily surrendered their cooking gas subsidy.

 

2

What is it? Number of companies that let their approvals for initial public offerings (IPOs) from the market regulator to lapse in 2015 so far.

Why is it important? The equivalent numbers were as high as 41 and 22 in 2012 and 2013 respectively, though it tempered down to seven in 2014. This shows that the improved market sentiments are encouraging companies to take the plunge even as investor appetite remains healthy.

Tell me more: After four years of near-muted responses to IPOs, Indian companies have raised around Rs 7,500 crore so far this year, which is still way below the total amount raised via this route in 2010 ( Rs 37,535 crore).

 

Rs 40 crore

What is it? The base price for reverse bid from IPL governing council’s central revenue pool to set up two new teams.

Why is it important? Number of teams to play in the tournament, which is estimated to have a brand value of $3.5 billion, would remain intact for the next two seasons (2016 and 2017). Television rights is one of the major sources of revenue for the teams and without the new additions, earnings from this stream would have been impacted for the other six teams.

Tell me more: The new teams will replace Chennai Super Kings and Rajasthan Royals, which are serving two-year suspension terms for spot fixing and illegal betting. The IPL governing council has omitted Jaipur and Kochi from the list of cities that would bid for new IPL teams. Nine potential franchise venues have been finalised.

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News in Numbers – September 25, 2015

News In Numbers: September 25

717

Number of pilgrims who died in a stampede outside the Muslim holy town of Mecca, which is said to be the worst disaster to strike the annual Hajj pilgrimage in 25 years. At least 863 people have been injured. In July 1990, 1,416 pilgrims were crushed to death in a tunnel near Mecca. As on Thursday evening, over 220 ambulances and 4,000 rescue workers were sent to the stampede location to help the injured people. Different media reports say 1-4 Indians have been killed in this stampede. More than 2 million Muslims from 183 countries travel to Mecca for Hajj. Between 2012 and 2014, 3,46,323 Indian Muslims have gone on Hajj pilgrimage from Haj Committee of India and 95,490 through private tour operators.

 

29.8 lakh

The number of people who have given up their LPG subsidy so far. This March, Prime Minister Narendra Modi had requested consumers to surrender their subsidies on LPG if they could afford to buy it at market rates. Bollywood star Amitabh Bachchan is the latest celebrity to ‘Give it up’ (as the campaign is called). As on July 28, the total number of people who had opted for no LPG subsidy stood at around 13.9 lakh. Of this, Uttar Pradesh, Maharashtra and Delhi were the top three states that accounted for 44% of the total number of consumers who had given up the LPG subsidy.

 

1.9% versus 4.1%

The population growth a year in the district of Delhi compared to that of Gautam Budh Nagar, Delhi’s neighbouring area, between 2001 and 2011. It’s an example of how population growth has been faster in the peripheries of the major Indian cities, as pointed out by the World Bank in its recent report on urbanisation in South Asia. These peripheries do not come under the cities’ “official administrative boundaries”. Talking about “hidden urbanisation”, the report pointed out that the official national statistics in South Asian countries understated the share of the region’s population living in areas with urban characteristics. The number of urban agglomerations (urban spread constituting a town and its neighbouring areas or two or more towns) in India increased to 475 (Census 2011) from 384 (Census 2001).

 

Rs 1,000 crore


Cost of the education package Gujarat government has launched, a move that is seen to placate the agitating Patel community. This community has been holding public demonstrations demanding the other backward status. Applicable to students of all categories, the government would provide financial assistance for those who score above 90 percentile and whose parents’ annual income do not exceed Rs 4.5 lakh per annum. The scheme will be implemented this year itself and around 70,000 students are expected to benefit from it. Gujarat had 25 colleges per lakh population (18-23 years) in 2011-2012 and average enrolment per college was 594. The state’s enrolment for undergraduate degrees in the same year totalled to over 9 lakh, about 4% of the all-India figure.

 

30

The number of Indian developers Facebook has partnered with for ‘Free Basic Services’, which is a part of its controversial Internet.org platform. With this, the total number of free services is up to 80. Internet.org is a partnership between the social networking company, telecommunication companies where it would provide free services including applications for learning english or providing information to farmers in developing countries. This has come under severe criticism for going against the ‘free spirit’ of the Internet. Facebook says that globally 50% of the users on this platform have moved on to accessing other websites by paying for data services and in India, the figure is eight times the number of users on the platform. The telecom regulator in India has said that it would make its position clear on net neutrality in a couple of months.

 

 

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News in Numbers – July 6, 2015

 

439

The number of times the median pay of ITC employees the company’s chairman YC Deveshwar earns in a year, probably among the highest in Indian companies. And, in the case of India’s richest person, Mukesh Ambani (chairman of Reliance Industries), this ratio is 205:1. These disclosures follow the new Companies Law and the Corporate Governance Code, which mandate listed companies to disclose the pay structure of top management personnel and average employee. Salary multiples of Indian CEOs are similar to those of CEOs in the US: in 2013, CEO of healthcare company CVS Caremark and Goodyear Tires earned 422 and 323 times the median employee pay respectively.

 

8

The death of India Today TV journalist, Akshay Singh while working on the Madhya Pradesh recruitment scam has brought to focus the safety of journalists in the country. The world’s largest democracy is also the eighth deadliest country for journalists. Since 1992, 35 journalists have been killed in India while on assignment, which is more than Mexico and Afghanistan. If a motive is established in Akshay Singh’s case, he would be the 36th such fatality.

 

Rs 7

The loss the Department of Posts incurs on each postcard. Put another way, what the department earns from a postcard, it incurs a cost of 15 times that. For an inland letter, that multiple is 2.8 times. For speed post, it is 1.4. Only three out of 18 postal services offered by the state-run entity make a profit: letter, book post (other periodicals) and competition postcard.

 

65,000

Over 65,000 people in around 125 villages have been affected as the flood situation worsens in Assam. Nearly 99% of them are from two districts: Bongaigaon and Dhemaji. Less than 4,000 hectares of crop areas were under water. So far this year, five people in Assam, at least 70 people in Gujarat and over 40 people in Jammu and Kashmir (cause of deaths also includes landslides) have been killed due to incessant rains.

 

0.5%

Of the 15.3 crore cooking gas consumers, just 7.57 lakh or 0.5% of the total have voluntarily surrendered their LPG subsidy. The government claims that it is able to save Rs 253 crore per annum. The oil marketing companies lost Rs 36,500 crore in 2014-15 on the sale of subsidised cooking gas cylinders. Each consumer is entitled to receive 12 cylinders a year at subsidised rates.

 

2 of 3

Every two of three rural households own a mobile phone but only one out of ten have a salaried job. Uttar Pradesh has the highest percentage of rural households owning only a mobile phone. Chhattisgarh’s villages are the least connected with 71% of the rural households with no phone, most likely linked to the Naxal violence in the state.

 

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