News In Numbers: July 28
Percentage of assets owned by foreign institutional investors (FIIs) through participatory notes as of March 2014, according to India’s capital market regulator. One of the reasons given for the fall in share prices yesterday was that the Supreme Court-appointed SIT on black money had suggested greater scrutiny of participatory notes by the regulator. Participatory notes essentially allow foreign investors to trade in the Indian capital market without disclosing their identity to authorities. It is suspected that this lower benchmark, besides easing processes for foreign investors, also facilitates the flow of tainted money into Indian markets.
India’s rank out of 124 countries in the Global Terrorism Index 2014. Slotting in behind Iraq, Afghanistan, Pakistan, Nigeria and Syria, India recorded a score of 7.86 on a scale of 0-10 (with 10 being the highest) and accounted for 2.2% of global terrorist deaths. Between 2004 and 2015 (till July 19), there were 64,392 terrorism-related fatalities in India, with civilians and security force personnel accounting for 38.1% and 15% of deaths, respectively, the rest being terrorists. India witnessed its latest terror attack on Monday, in Punjab, when terrorists in army uniform fired at a moving bus and attacked a police station. The 12-hour gun battle resulted in 10 deaths, including that of all three terrorists.
The Central government, public sector banks and paramilitary forces recruited 9,303 people from minority communities (non-Hindu communities) in 2014-15 or 8.5% of total recruitments. About 60% of hirings were by public sector banks and financial institutions, while paramilitary forces accounted for 25%. According to the 2001 Census, minority communities — including Muslims, Christians, Sikhs, Buddhists, Jains and Parsis — formed 19.4% of the Indian population. The government is yet to publish the 2011 census figures on religion.
India’s consumer confidence score in The Nielsen Global Survey of Consumer Confidence and Spending Intentions for the second quarter of 2015, the highest among all countries and a level last recorded by India in 2011. The latest survey score is despite 50% of respondents in the online survey feeling that India was still in an economic recession. The consumer confidence survey conducted by India’s central bank in March 2015 in six metro cities had shown 80% of the 5,400 respondents saying they were inclined to spend more.
The number of licenses of petrol and diesel retail outlets that have been terminated across India for malpractices such as under-measurement and adulteration of transport fuels between April 2012 and June 2015. During this period, the three state-run oil companies — IOC, HPCL and BPCL — have found 3,516 retail outlets guilty of under-measuring fuels and 195 units of adulteration. Uttar Pradesh, Rajasthan, Tamil Nadu, Punjab and Maharashtra lead in such malpractices. Between April 2011 and September 2014, these companies terminated the licenses of 193 outlets.
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