What is it? The number of sellers Reliance Industries plan to enroll by March 2016 for its proposed e-commerce site.
Why is it important? Alters Indian e-commerce industry dynamics substantially. The strategy to compete directly with existing online marketplace sites like Flipkart, Snapdeal and Amazon could lead to more competition in an environment where current players are losing money on daily basis to boost their sales. Bringing 150,000 vendors under its fold is also huge, given the fact Snapdeal and Amazon has got 200,000 and 50,000 sellers respectively.
Tell me more: As on September, Reliance Industries has cash or cash equivalents of Rs 85,720 crore (or $ 13.1 billion), a luxury not many of its online competitors don’t have.
What is it? The number of coal allocations cancelled by the Rajasthan government after opposition parties alleged irregularities.
Why is it important? Public pressure works. The mines were allocated without any competition under ‘first-come-first-serve’ basis, leading to a loss of Rs 45,000 crore, the opposition Congress party claimed. Only last year, the Supreme Court cancelled allocation of 218 coal blocks by the centre citing the opaqueness of the whole process. This led to government giving out coal blocks under open tender.
Tell me more: After the Supreme Court cancelled coal allocation, Union government auctioned coal blocks under three rounds. This, the government claimed, would fetch more than Rs 2 lakh crore in terms of up-front payments and royalties – spread over two rounds.
What is it? The number of domestic airlines that would be listed on the stock market next year if GoAir goes public, as it intends to do March 2016.
Why is it important? Most domestic airlines need more capital to improve their financial position and to expand operations. GoAir needs capital to buy more planes to start flying abroad, as well as shore up its falling domestic share, which has dropped from 8.9% in January to 8.1% in August.
Tell me more? SpiceJet and Jet Airways are the two domestic airlines that are listed. Market leader IndiGo is looking to list this month.
Why is it important? It has fallen below 50% mark for the first time in its 25-year history. MFIs, which had a star status when SKS Microfinance raised money from the public, were seen as a successful business model of reaching rural customers who borrowed in small amounts. Over the last few years, MFIs have shrunk their rural loan portfolio to contain operational cost. It was 70% in 2012.
Tell me more: Urban focus has also increased the average loan size to Rs 13,162 in March 2015, as compared to Rs 10,079 in previous fiscal.
What is it? The number of days spent in non-academic work by primary teachers in urban areas. In percentage terms, it works out to 8% of academic year consisted of 224 days in 2014-15.
Why is it important? A Supreme Court verdict had prohibited engaging school teachers from doing non-academic work like election duty or Census data collection. Only non-teaching staff were to be deployed. This study show disregard for the verdict in almost all states with varying degrees.
Tell me more: In rural areas, only 9 days were spent by teachers in non-teaching work.