Monsoon cracks on ☔

6%

What is it? The percentage above normal registered by monsoon rainfall till July 2.

Why is it important? The monsoon, which accounts for over 70% of India’s annual rainfall, is the primary source of irrigation for half of the country’s cropland and refills over 80 nationally-monitored water reservoirs (important for drinking purposes, power and irrigation).

Tell me more: The monsoon is expected to cover the country by July 15, on schedule. The onset of the southwest monsoon has led farmers to plant 19% more hectare with rain-dependent kharif crops than last year (22.2 million hectare over 18.7 million hectare).

 

8%

What is it? The hike in Bharti Airtel Chairman Sunil Bharti Mittal’s annual pay in 2016-17.

Why is it important? Mittal’s pay increased despite India’s largest telecom operator  suffering a sharp decline in annual consolidated profit this year due to intense competition. In 2016-17, Bharti Airtel’s consolidated net profit was Rs 3,799 crore, registering a fall of 37.5%. Mittal’s income rose from Rs 27.8 crore to Rs 30.1 crore in the same year.

Tell me more: Bharti Airtel Managing Director and CEO (India and South Asia) Gopal Vittal earned nearly 50% more than last year, as well. It is unlike the trend in another sector: chiefs in the IT industry such as Infosys CEO Vishal Sikka and Wipro Chairman Azim Premji have taken cuts in their pay, in line with performance goals.

 

28%

What is it? The percentage of women students who secured admission to the post graduate programme in management at the Indian Institute of Management, Ahmedabad (IIMA) – the premier business school.

Why is it important? This was achieved without giving extra marks or gender-specific quotas. IIMA decided to give lower weightage to the score from the Common Admission Test, an entrance exam for getting admission to business schools, and invite candidates from non-engineering background for the interviews.

Tell me more: Around 85% of students in IIM, Bangalore are from engineering background, and within that 50% are from Indian Institute of Technology and National Institute of Technology.

 

33.6 million

What is it? The number of youth in the 18-19 age group who remain unregistered on the voters’ list.

Why is it important? This number is 60% of eligible voters in the age group of 18-19 years. However, the number of eligible voters not enrolled has come down from 90% six years back. Indian citizens are allowed to vote after reaching 18 years.

Tell me more: The Election Commission of India is running a month-long drive in July to persuade them to register. For the generation hooked on social media, EC has tied up with Facebook to host a special button for registration.

 

Upto Rs 32

What is it? The hike in the cost of an LPG or cooking gas cylinder.

Why is it important? Household LPG cylinders are set to become costlier because under GST it is under the slab of 5% taxation, higher than the VAT levied earlier by some states at 2-4%. Further cuts in subsidy of LPG connections in June will compound the price rise, and go up to Rs 32 extra for each cylinder in some states.

Tell me more: The last subsidy cut was in May of around Rs 2, implementing the government’s target of eliminating it through small increases.

Read More

News in numbers, Nov 27, 2015: Sunil Mittal’s salary cut, Bihar’s liquor ban…

33%

What is it? The percentage of jobs that will be reserved for women in the paramilitary forces per government plans.   

Why is it important? Higher representation of women will help better police areas where these forces are deployed. However, this is not the first time an announcement was made to reserve jobs for women in the paramilitary forces. Earlier Congress-led United Progressive Alliance aimed to reserve 5% for women. Even that lower target couldn’t be met.

Tell me more: Paramilitary forces account for 25% (or 7.94 lakh) of central government employees.

Rs 5 crore

What is it? Salary cut taken by Sunil Mittal, chairman of Bharti Enterprises, to fund Nyaya Bharti an initiative to help underpriveleged undertrials.     

Why is it important? Besides money, such acts by high profile corporate leaders also highlight serious social issues. Undertrials account for 68% of India’s total prison population. In absolute numbers, this is 282,879. Many of them languish in prison for lack of knowledge about the legal process or can’t afford lawyer’s fee. The new initiative will tackle this.

Tell me more: More than 25% of undertrials have stayed in prison for more than a year.      

6

What is it? The number of states or union territories where the sale of liquor, partial or full, will be banned if Bihar joins their ranks on April 1, 2016, as announced yesterday by the state’s chief minister Nitish Kumar.

Why is it important? The intended social objective apart, it will lead to a revenue loss for Bihar of a reported Rs 5,000 crore. In 2014-15, that would be 20% of tax revenues collected by the state.

Tell me more: The other states where the sale of liquor is banned are Gujarat and Nagaland (full), and Lakshadweep, Manipur and Kerala (partial).

4

What is it? The over in which the first wicket fell in the first day-night test match in cricket, which began this morning at Adelaide: Martin Guptill LBW B Josh Hazelwood.

Why is it important? In the first test match played in cricket, in 1877 between Australia and England, the first wicket also fell in the fourth over: Nat Thompson B Allen Hill.

Tell me more: Both Guptill and Thompson scored an identical number of runs: 1.

85,131

What is it? The number of complaints received by the Banking Ombudsman during last financial year.

Why is it important? This represents a 11% over 2013-14. Complaints received by ombudsman indicate failure of bank’s internal complaint redressal system satisfactorily. Complaints from customers of private banks rose 16%.

Tell me more: Complaints from rural customers rose 16%, the second highest after urban areas, indicating more awareness among them to seek redressal against the bank. Card related – both debit and credit cards – accounted for 21% of all complaints.

Read More