Government is striving to meet its disinvestment target. In the cricketing world, Virat Kohli has shown his best game and has been consistent in doing so. India’s coal imports have risen as states become environment-conscious. Sanjay leela Bhansali’s film Padmavati’s destiny hangs in balance as certification board takes it own sweet time. And, Uber is planning to build its own fleet of cars. Self Driving Cars.
Rs 14,500 crore
What is it? The amount the Indian government has raised through the Bharat 22 exchange traded fund (ETF), which attracted bids worth Rs 32,000 crore.
Why is it important? With this, the government has raised Rs 52,500 crore through disinvestment in 2017-18, which is 72% of its disinvestment target for the current fiscal. Since the time the idea of disinvestment came into being in 1992-93, respective governments have met their stated disinvestment targets just thrice in 16 years.
Tell me more: The Bharat 22 ETF, which tracks the S&P BSE Bharat 22 Index, comprising of 22 stocks is an alternative mechanism to divest its stake in central public sector enterprises. This is the second such ETF, with the first one being launched in March 2014.
What is it? The number of international centuries that Indian cricket team captain Virat Kohli has scored in all three formats of the game.
Why is it important? Kohli notched up his 18th test century against Sri Lanka yesterday. In the list of top 10 batsmen with the most international hundreds, which is led by Sachin Tendulkar (100 centuries) and contains three Indians, Kohli is ranked eighth. He also equalled South Africa’s Hashim Amla’s record of fewest innings to 50 international hundreds.
Tell me more: Despite being affected by rain, the first test match ended in a thrilling stalemate as India fought back with both bat and ball.
2.1 million tonnes
What is it? The volume of India’s coal imports from the US in October.
Why is it important? This is the highest since at least January 2015. Some Indian states have banned the use of petroleum coke, which is better-burning but also more polluting than coal. This could partly be the reason for the increase in India’s coal imports from the US. With environmentalists urging other states to ban petroleum coke, this trend might continue. The increase in imports also indicates there might be a shortage in domestic coal supply, forcing the industry to step up imports.
Tell me more: India has imported 1.5 million tonnes of North American coal in November so far, which is 71% of the previous month’s purchase.
What is it? The number of self-driving cars that Uber plans to buy from Volvo over three years, starting 2019.
Why is it important? If the sale goes through, it would be Volvo’s largest order and the biggest sale in the autonomous vehicle industry. For Uber, this would mark a major transition in the company’s profile: from being an app used to hail a cab to becoming the owner and operator of a fleet of cars. Although this is likely to give a boost to Uber’s ambitions of perfecting its self-driving systems, there are doubts about how it would pan out as no country has any framework or laws to allow this currently.
Tell me more: The firm is locked in a legal dispute with Waymo, a self-drive business owned by Alphabet, which is seeking $1.9 billion in damages for alleged theft of some of its trade secrets by Uber.
What is it? The maximum duration set by India’s Central Board of Film Certification (CBFC) to certify a film, in a seven-part process.
Why is it important? On Monday, CBFC chief Prasoon Joshi cited this window to take its time to arrive at a decision on certifying the Sanjay Leela Bhansali film Padmavati, which is mired in a controversy with religious and political overtones. Last week, the CBFC returned the film’s application citing “technical issues” and the film’s producers deferred its released date. Also, yesterday, the Supreme Court refused to wade into the issue, saying it would wait for CBFC’s certification.
Tell me more: The CBFC’s latest annual report shows it ‘initially refused’ 79 feature films in 2014-15 and 94 in 2015-16.