Donald_J._Trump_at_Marriott_Marquis_NYC_September_7th_2016_04

“nothing but lies and deceit”

As Donald Trump and Pakistan ushered in new year, the latter got reprimanded by the leader of the world’s most powerful economy in his first tweet of 2018. Trump said that Pakistan had given them “nothing but lies and deceit”, as he laid out in his tweet, the quantum of funds US has given to Pakistan in last 15 years. Well, that’s some way to ring in the new year.

For more news in numbers, read on.

 

Rs 68,826 crore

What is it? The total amount raised by Indian firms via the initial public offering (IPO) route in 2017, according to Prime Database.

Why is it important? This is the highest amount raised through this route so far, indicating increased buoyancy in the Indian equity markets. This is likely to continue in 2018: 15 companies have Sebi (Securities and Exchange Board of India) approval to raise Rs 12,000 crore; another 10 companies, looking to raise Rs 19,000 crore, are awaiting regulatory consent; and more filings are expected in the near future.

Tell me more: According to SBI’s research report Ecowrap, the heightened IPO activity could spur credit growth in some sectors—as seen in previous years—even though there is no direct relation between the two.

 

119.2 million

What is it? The number of shares that Bandhan Bank is looking to offer to the public via its proposed initial public offering (IPO).

Why is it important? On Monday, the bank said it had filed a Draft Red Herring Prospectus (DRHP) with capital market regulator Sebi. Back in June 2015, Bandhan, which was then India’s largest microfinance company, was one of the two entities to receive a banking licence, the other being IDFC. Going public within three years, a statutory requirement, will mark another milestone in Bandhan’s transformation from a giver of small loans to a full-fledged bank.

Tell me more: The proposed Bandhan IPO will consist of a fresh issue of up to 97.6 million shares and an offer for sale of 21.6 million shares. As of September 30, 2017, the Kolkata-headquartered bank had 864 bank branches and 386 ATMs, and current account and savings account deposits of Rs 7,170 crore.

 

6.8%

What is it? The rate at which India’s infrastructure output grew in November from a year ago.

Why is it important? This is the fastest in 13 months, which suggests a possible revival in Indian industrial production. The growth in eight core industries, which account for 40% of industrial production, is likely to boost India’s factory output (as measured by the Index of Industrial Production), which had slowed to a three-month low of 2.2% in October.

Tell me more: The growth in infrastructure output in October was led by double-digit growth in steel and cement. The eight core sectors cumulatively grew 3.9% between April and October of 2017-18, lower than the 4.9% growth in the same period a year ago.

 

$33 billion

What is it? The total aid the United States has given Pakistan over the last 15 years, according to a tweet by US President Donald Trump yesterday.

Why is it important? In a strongly-worded tweet, which is also his first in 2018, Trump accused Pakistan of harbouring terrorists and said it had given them “nothing but lies and deceit”. The US is reportedly considering withholding $255 million in aid to Pakistan to express its displeasure over the latter’s alleged role in abetting terrorism. This is likely to boost India’s efforts in isolating Pakistan, whom it has blamed for sponsoring terrorism.

Tell me more: Minister of state Jitendra Singh tweeted that the American stance on Pakistan has vindicated India’s stand on terror.

 

61

What is it? The number of seasons that Vidarbha have played the Ranji Trophy, the premier competition in Indian domestic cricket.

Why is it important? On Monday, playing their first Ranji final, unfancied Vidarbha trounced Delhi by nine wickets to win their first title. Only two teams have taken longer to win their first title: Gujarat (83 seasons) and Uttar Pradesh (72 seasons).

Tell me more: Vidarbha’s win was scripted by a young squad mentored by a team of Ranji veterans, including 39-year-old opening batsman Wasim Jaffer, who won eight titles with Mumbai, coach Chandrakant Pandit and bowling coach Subroto Banerjee.

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Pyongyang’s sanctioned trade

$3 billion

What is it? North Korea’s annual export revenue.

Why is it important? This is likely to be cut by a third due to the new sanctions imposed by the United Nations for its intercontinental ballistic missile testing in July. The resolution against North Korea represents the “strongest sanctions ever imposed in response to a ballistic missile test”. These sanctions are to cut off Pyongyang’s money supply and prevent it from further developing its outlawed missile expansion program.

Tell me more: It was a unanimous decision of the UN Security Council with 15 votes in favour that targets North Korea’s primary exports including coal, iron, iron ore, lead, lead ore and seafood.

 

10 days

What is it? The number of days spent by Congress MLAs (member of legislative assembly) from Gujarat at a hotel resort near Bengaluru, ahead of the Rajya Sabha elections.

Why is it important? The forty-four MLAs returned to their home state after being flown away to Bengaluru to prevent them from either quitting or defecting ahead of the Rajya Sabha elections in Gujarat on Tuesday.

Tell me more: At stake is the fifth re-election of Congress head, Sonia Gandhi’s political secretary, Ahmed Patel to the Rajya Sabha from Gujarat. The MLAs were again whisked away to another resort in in Anand, near Ahmedabad on return.

 

2 lakh-tonne

What is it? The quantity at which the Indian government has capped the import of arhar dal (split pigeon pea).

Why is it important? This comes at a time when farmers are demanding a better price for arhar dal following a record production of 22.4 million tonne of pulses in 2016-17 and 4.6 million tonne of arhar dal (record) in the same year. The prices of arhar dal shot up to Rs 200 per kg last year, following which the government imported 30 lakh tonnes of pulses, of which 20 lakh tonne are lying in its warehouses.

Tell me more: India is not only the biggest producer but also, the largest consumer and importer of pulses.

 

116

What is it? The number of sexual harassment complaints reported in IT software and services company, Wipro, in the year 2016.

Why is it important? This was the highest number of such complaints with a listed company in the latest reporting year (FY17, according to Sebi guidelines), of which 102 were resolved. The numbers increased last year compared to previous years, and not just for Wipro. While Wipro’s went up from 111 in 2015 (with 107 solved), Infosys’ went up from 62 in FY16 to 88 in FY17 (77 resolved), and TCS’ cases went up from 34 to 65 (with 61 resolved) in that time.

Tell me more: The Securities and Exchange Board of India had made it mandatory for listed company to disclose the number of complaints and their pendency at the end of the financial year in their annual reports.

 

56

What is it? The number of employees in United Spirits who received above Rs 1 crore in salary in FY17.

Why is it important? This could be an attempt by Diageo, which has majority stake in United Spirits, to professionalise the management by attracting talent in an industry affected by multiple factors — alcohol ban in Bihar, demonetisation and the Supreme Court banning alcohol sale along the national highways. The number of crorepatis is more than even some tier-I IT companies such as Infosys (51).

Tell me more: Diageo completed buying controlling stake of 55% in the company in 2014.

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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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Americans’ insurance loss

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 1. 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.

 

 

Rs 85.03 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.

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