News in numbers, Oct 12, 2015: Fiscal deficit turns surplus after 8 years, India’s brand value…

Rs 15,808 crore

What is it? India’s fiscal deficit in August 2015 indicating surplus of revenues over expenditure. This is happening for the first time in eight years.

Why is it important? This indicates one of the two things, or a combination of the two: the Indian economy is doing well and there has been a substantial increase in tax collections or the government is not able to spend the money it receives at a pace that is fast enough.

Tell me more: India’s fiscal deficit target for 2015-16 is 3.9% of GDP. As of August 2015, the fiscal deficit was 74.9% of the budget estimates.


1.94 basis points

What is it? Average fee charged by the Big Four global accounting firms (Ernst & Young, KPMG, PwC and Deloitte) as a proportion of sales, according to a study. This is much higher than the corresponding number for the other auditors, which is 0.93 basis points of sales. (A basis point is one-hundredth of a percentage point.)

Why is it important? Research shows Indian companies favour the Big Four and perceive them to be better though the quality of audit provided by them is no different from that of the others.

Tell me more: In the Satyam case, the fees paid to the India-based affiliates of the PwC (PricewaterhouseCoopers) tripled during the time the fraud was perpetrated while the auditors of the company were paid twice as much as that paid to the auditors of its peer companies.


$2.14 trillion

What is it? India’s nation brand value in 2015, says a report by London-based Brand Finance.

Why is it important? An increase of 32% over last year, this reflects the country’s image globally and could potentially benefit in terms of tourist arrivals or foreign investment. Brand Finance has used data points across three key ‘pillars’: goods and services (further divided into governance, market tourism), investment (governance, market, people & skills) and society

Tell me more: This year, India has moved up a rank to the seventh position. Though the top three slots occupied by the US, China and Germany remain unchanged, the brand value of the last two have fallen. Germany’s brand value took a hit due to the recent Volkswagen emission scandal.



What is it? Share of over five-year-old pending cases in subordinate cases in India of a total of 2 crore cases.

Why is it important? High pendency shows that justice delivered in India is as slow or slower than imagined. Also could be indicative of the high number of poor people who may not be able to afford lawyers to obtain a bail and continue to remain behind the bars. Undertrials accounted for 68% of the prison population of 4.18 lakh at the end of 2014.

Tell me more: The number of cases disposed of by the 24 High Courts in 2014 is 3% lesser than those recorded in 2012. The then Chief Justice of India Altamas Kabir said in 2013 that the country has only 15 judges per million population, far less than the recommendation of 50 judges per million people by the Law Commission in 2008 in its 120th report.



What is it? Share of houses in mid-size cities (with less than 1 million population) that discharge wastewater in open drains

Why is it important? Goes on to show the uphill task the Indian government has in executing its mission of cleaning up 1,000 towns where the first phase covering 500 towns is to be completed by 2019.

Tell me more: About a quarter of 416 mid-size towns have less than 20% of households that have waste water outlets connected to the drainage system. Mysuru has the maximum percentage of houses connected to the closed drainage system at 94% and is one of the eight cities where the share is above 80%. is a search engine for public data

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News in Numbers – September 11, 2015

News In Numbers: September 11, 2015


Rs 3,300 crore

The amount the perpetrators of Satyam scam have to pay. The latest order by the market regulator in the seven-year-old Satyam scam directs the 10 entities linked to the main accused, B Ramalinga Raju, including his mother, brother and son, to disgorge or give up illegal gains made by them. This is worth Rs 1,800 crore plus an interest of Rs 1,500 crore on the disgorgement amount, which has been levied since January 2009 when Raju confessed to having inflated the accounts of Satyam Computer, the company he founded. In what is known as India’s biggest corporate fraud, a special court under the Central Bureau of Investigation held the founders of Satyam Computer guilty in the Rs 7,000-crore scam and Raju was sentenced to seven years in jail.



Sales of medium and heavy commercial vehicles, an indicator of economic growth, in August. This segment grew 35.29% from the same period a year ago. Plans by the Indian government to make safety features mandatory in commercial vehicles – which might push the price up by 3-5% – seems to have helped this growth. Overall, commercial vehicles registered an increase of 7.58% in August while passenger vehicles grew by only 3.99%. Car sales, which are a reflection of demand and economic growth, rose for the 10th consecutive month but slowed down to 6% on a year-on-year basis.



The multiple by which the net profit of Indigo Airlines jumped in 2014-15 from the previous financial year to post its biggest ever net profit. With revenues of Rs 13,925 crore and net profit of Rs 1,304 crore, Indigo is India’s largest domestic airline by market share (35.8% in July 2015). According to Indigo president Aditya Ghosh, the financial performance is mainly because of low fuel costs, passenger growth and better yields. In 2014-15, the Indian airline industry posted losses of Rs 7,000 crore, despite a 35% drop in jet fuel prices. In contrast, Indigo is the only consistently profitable airline in the country. The airline recently placed an order for 250 A320neo aircraft, Airbus’ largest order by number, at a cost of $26.6 billion (about Rs 1.55 lakh crore). Interglobe Aviation, the company which operates Indigo, is looking to raise more than Rs 2,500 crore in an initial public offering.


Rs 600 crore

The amount Tata Motors is looking to earn from supplying buses to the government under the second phase of the Jawaharlal Nehru National Urban Renewal Mission (JNNURM). Tata Motors earned Rs 100 crore . The company is providing 65% of the total number of buses being rolled out under this scheme. The JNNURM covers 10 projects including the bus rapid transit system, which ran into various problems in different states such as delayed implementation and supply of substandard buses. This July, the Indian government had written to the states saying that it has received information related to the procurement of only 2,228 buses whereas it had released Rs 884.21 crore for 7,509 buses. The centre warned the states that if they did not provide the updated information by August 24, 2015, then it would withdraw the funds already released with interest and cancel the sanctions.


3.3 million

The number of Indians who died prematurely in 2013, according to a study published in the British medical journal, The Lancet. The top five avoidable risks associated with health loss and disease burden outlined by the study were: high blood pressure, high blood sugar, household air pollution from solid fuels, unsafe water sources and smoking. Of these, the first three were estimated to cause 7.8%, 5.2% and 4.7% of the total health loss in India in 2013. Based on the death rates India recorded in 2010, the Lancet has estimated that the country would see 9.3 million premature deaths before 70 years of age, at 2030 – and, this would be more than any other country. is a search engine for public data

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