Taking it away…….( News in Numbers – June 27, 2017)

News In Numbers: June 26

60%

What is it? The estimated percentage of traders who don’t have access to computers, according to the Confederation of All Indian Traders (CAIT) – a trade body.    

Why is it important? Traders with turnover above Rs 20 lakh per year are required to file returns online – thrice a month – under the Goods and Services Tax (GST) regime that will be rolled out from July 1st. CAIT estimates 35 million out of the 60 million small firms will be eligible to file returns under GST.          

Tell me more: Traders whose turnover is between Rs 20 lakh and Rs 75 lakh can opt for composition scheme and can file returns once a quarter.

43%

What is it? The growth in disbursements of housing loans below Rs 10 lakh during last financial year ended March 2017. In comparison, loans above Rs 25 lakh shrunk by 1%.  

Why is it important? Growth in disbursements of loans below Rs 10 lakh is an indicator of people taking advantage of government’s credit linked subsidy scheme for families earning less than Rs 12 lakh per annum. Central government is pushing affordable housing to meet the unmet housing needs in both rural and urban areas.

Tell me more: Under Pradhan Mantri Awas Yojana, people earning upto Rs 12 lakh per annum will get interest subsidy of 4% on their home loans. Mortgage loans below Rs 10 lakh account for only one-fourth of the total loan portfolio in 2015.     

22 million  

What is it? The number of Americans who will lose health insurance if the Better Care Reconciliation Act of 2017, which is pushed forward by the Republican party. Better Care will replace Affordable Care Act, which reduced number of uninsured from 50 million to less than 27 million in 2016.   

Why is it important? 49 million Americans (or 15% of US population) will not have health insurance by 2026. US is the only developed economy that does not have a universal health coverage.          

Tell me more: Health expenditure per capita in US is $ 7,900 as compared to $ 3,233 in other developed economies, and $ 132 in India. Numbers are in purchasing power parity basis.   

Rs85.03 crore

What is it? The amount of money returned to Sahara India’s bondholders by market regulator, the Securities Exchange Board of India till March 2017.    

Why is it important? Five years have passed after the SEBI passed an order asking Sahara to refund money to the bondholders. Subsequently, the Supreme Court had asked Sahara to deposit the same with the market regulator. So far, Sahara has deposited Rs 11,798 crore and SEBI has been able to refund only Rs 85 crore.       

Tell me more: Sahara had raised the money without the approval of SEBI, which asked the company to refund the entire amount. Sahara had claimed it has refunded 95% of the bondholders.  

34%

What is it? Market share of scooters in the domestic two-wheeler market during 2016-17.    

Why is it important? Indicates increasing preference towards scooters, which is outpacing motorcycle sales in India – the world’s largest two-wheeler market. Scooter sales expanded by a fourth in the first two months of current fiscal as compared to 4% growth for motorcycle sales.

 Tell me more: 17.5 million two-wheelers were sold in 2016-17, as compared to 13.4 million in 2011-12.

 

ENDS

 

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News in Numbers – May 20, 2016

-0.1%

What is it? Net sales growth of 1,500 companies listed in stock exchanges in three months ended March 2016.

Why is it important? Near flat sales could be early indicator of recovery. In three quarters between March and December last year, sales of the same set of firms contracted by 5% and 7%. Consumer oriented sectors like auto, entertainment, garments and infrastructure companies performed well.

Tell me more: Fall in value of Rupee helped software and pharma firms to post double-digit sales growth.

20%

What is it? Increase in price of 1121 variety of Basmati rice in the last month to Rs 46 per kg in wholesale market.

Why is it important? The spike is due to impending rice ban to be imposed by Iran to protect its local farmers. The ban, which will be effective from July 23 this year, led to exporters signing contracts and export before the ban comes into force.

Tell me more: Basmati rice exports shrunk by 22% in dollar terms between April 2015 and February 2016. 1121 variety or known as PUSA 1121 rice is has dominant share in Basmati rice exports because of its grain length, aroma and non-sticky nature. For farmers, this variety needs less water and yields more.

260,000

What is it? The number of excess cancer-related deaths due to 2008-10 economic crisis in high and middle income countries.

Why is it important? Underlines the need for more government spending on healthcare. The 2008-10 economic crisis fueled unemployment, which in turn reduced the capacity of people to spend. This combined with absence of Universal Health Care led to deaths from cancer that could have been treated.

Tell me more: The data relates to the Organization for Economic Co-operation and Development, a grouping of world’s richest countries.

4,700 acres

What is it? Land claimed to be owned by Sahara Group that’s up for sale now.  

Why is it important? The sale is to meet the Supreme Court conditions to grant bail to Subrata Roy, chief of Sahara group. The apex court has demanded Rs 5,000 crore to grant bail, and another Rs 5,000 crore as bank guarantee. This is after the Sahara group failed to repay Rs 20,500 crore of deposits deemed illegal by the market regulator.

Tell me more: The sale of land is spread across 14 states. HDFC Realty and SBI Capital are managing the sales.

46.66%

What is it? The pass percentage of class 10 students in Bihar. The pass rate dipped by 28 percentage points from last year.

Why is it important? The sharp dip was due to measures taken by education authorities to curb cheating. This followed after pictures of mass cheating in an examination centre in Vaishali went viral.

Tell me more: Pass percentage of boys in Bihar was 54% as compared to 38% among girls – in contrast to the rest of the country where girls have higher pass percentage than boys.

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News in Numbers – September 23, 2015

News In Numbers: September 23

 

Rs 7,269 crore

The penalty levied by the market regulator on PACL, Delhi-based realty and land development company and its directors. This is the highest ever fine levied by the Securities and Exchange Board of India (SEBI) so far. PACL had launched a few schemes in 1996 through which it mopped up thousands of crore from small investors but did not register them with the market regulator. SEBI directed it to register these schemes as a collective investment scheme after which, it asked the company not to launch any new schemes. PACL challenged this in the Rajasthan High Court saying these schemes don’t come under the purview of SEBI. The High Court quashed its SEBI’s notice but was later upheld by the Supreme Court, which asked it to investigate the matter. Last year, SEBI asked PACL to refund Rs 49,100 crore to its investors and wind up operations. At Rs 49,100 crore, it is more than twice the amount Sahara was asked to return Rs 24,000 crore it had mobilised from its investors.

 

11 million

The number of cars Volkswagen said has been equipped with the same software that was used to cheat on emission tests in the United States. In the biggest ever scandal in its 78-year-old history, Volkswagen was accused by US regulators of programming around 500,000 vehicles to emit lower levels of harmful emissions during official tests than on roads. The carmaker admitted that the problem was bigger and that rigging was done globally. It has said that it would set aside $7.3 billion to cover the costs of this scandal during the third quarter of this year and that it would adjust its earnings targets for the group accordingly. The CEO of Volkswagen, Martin Winterkorn, apologised for the current events but has refused to quit.

 

Rs 1.06 versus Rs 2.58 

The comparison between transportation cost via inland waterways and highways per tonne per km. India has failed to develop 14,500 Km of its inland waterways as an alternative to move cargo despite 50% lower costs. The share of goods transported via inland waterways is just 0.4%. The equivalent numbers for Netherlands is 42%, for China and the US, 8.7% and 8% respectively. The Indian government would require Rs 40,000 crore to develop new fairways and funding would come from the World Bank, Asian Development Bank and Japan International Cooperation Agency. According to Inland Waterways Authority of India’s chairman, contracts for waterways transport would be awarded in May next year and start work on eight waterways by November 2016. In June this year, a project to develop a fairway between Allahabad and Haldia covering 1,620 km at an estimated Rs 4,200 crore took off with a $3.5 million funding from the World Bank.

 

28.9%

The percentage of India’s diabetics who are from Gujarat, though data from some states were not available. The National Health Profile 2015 released on Tuesday estimated the number of diabetics in India to be 559,718. Rajasthan is home to about 12% of India’s diabetics. Also topping the list of highest burden of hypertension, Gujarat reported 159,150 cases, accounting for 22% of the total number of cases. According to estimates by the World Health Organization, the prevalence of diabetes and hypertension is 62.47 and 159.46 respectively per 1,000 population of India.

 

21%

The drop in pollution levels in the Delhi suburb of Gurgaon, after the area was declared a car-free day on Tuesday. PM 2.5 levels (fine suspended particles emitted by vehicle exhausts) fell by more than a fifth as over 10,000 fewer vehicles plied the roads. Starting next month, every Tuesday will now be declared a car free day. Delhi and its suburbs are among the most polluted cities in the world. Last year, Delhi replaced Beijing as the most polluted city in the world (according to the World Health Organization) and a recent research published in science journal ‘Nature’ said that Delhi had the second highest deaths due to sources of air pollution in the world. It also said in the absence of adequate measures to tackle air pollution, it may continue to be among the top three most polluted cities till 2050.

 

 

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