News In Numbers – August 13

News In Numbers: August 13

 

11.1%

The fall in the rupee against the dollar during the one-year period from July 2008 which was the previous time that China, the world’s largest exporter, held its currency from appreciating consciously and for a sustained period. On Wednesday, for the second consecutive day, China pegged the yuan lower, rattling markets the world over. The rupee fell 0.94% for the day, closing at 64.81, its lowest value since September 2013. The fear is that the currency devaluation by China, which potentially makes its exports even more competitive globally, will force other governments to do the same just to stay in step.

 

3.2%

The percentage of the estimated $5 billion in economic losses suffered by Nepal in the earthquakes in April and May that were covered by insurance, according to a recent report by reinsurer Swiss Re. While Nepal was under-insured against natural catastrophes and manmade disasters, the world, in general, was better off than in the recent past: of the $37 billion of economic losses in the first half of 2015, 45% was covered by insurance firms against the 10-year average cover of 27%.

 

59%

The percentage of seats filled by Vistara on its flights in June, the last month of the summer holiday season in India and the latest for which occupancy data is available. This was the lowest among all airlines, the next being in Air Pegasus (73.1%). In May, the full-service airline co-promoted by the Tata Group and Singapore Airlines filled 71.1% of seats, and its drop to June was the largest among all airlines in India. July to September is a slack period for airlines in the country, and offers and discounts are a norm. On Wednesday, Vistara said it would offer a premium economy-class ticket free with every business-class ticket purchased, usable till 15 October, the approximate beginning of the other busy window for the airlines.

 

55%

Of the 4,363 information requests sought from Twitter by 62 governments during January to June 2015, 2,436 came from the US, as per the latest biannual transparency report by the microblogging site. Of the requests made by the US, which has about 10% of the world’s Internet users, 80% resulted in some information being produced. India was ranked sixth, with 113 requests (against 16 in the January to June 2014 period), 19% of which resulted in information being produced. However, India made more removal requests (33) than the US (25). Twitter has been releasing such data since 2012.

 

11

Number of double hundreds scored in Test matches by decorated Sri Lankan cricketer Kumar Sangakkara, who is currently playing his last Test series, against India. His count of double hundreds is second only to Sir Donald Bradman, who racked up 12 doubles. Among active cricketers, Younis Khan has the most (four) hundreds. In other records, Sangakkara is ranked number five in Test runs. He is also ranked nine in batting averages, though the eight above him have played between 10 and 85 Test matches, which is significantly less than Sangakkara’s 133. On Wednesday, in the first innings of his penultimate Test, he was dismissed for 5.

 

 

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News In Numbers – August 7

News In Numbers: August 7

 

19.2%

Revenue share of data services (essentially, revenues earned from providing Internet access to subscribers) in the Indian operations of telecom company Bharti Airtel for the April to June quarter. This number is set to increase with Bharti Airtel’s decision to launch 4G services, which promises Internet speeds that are up to five times faster than the current 3G, in 296 cities and towns. It will compete against Reliance Jio, which is expected to launch its 4G services later this year. As on 30 June, Bharti had 49 million of its 230 million mobile subscribers using data services, of which 21 million were on 3G services. For the June quarter, average data usage per customer was 706 MB, an increase of 42% over June 2014.

14.47%

Average returns from large-cap equity mutual funds—the closest actively-managed proxy to the stock market—in the past 10 years. On Thursday, the government-run Employee Provident Fund Office (EPFO), the biggest manager of provident fund contributions of salaried employees in India, said it would start investing 5% of its annual inflows into two equity funds that mirror the two bellwether stock indices in India. The current annual rate of assured return that the EPFO provides to its subscribers is 8.75%, though it earns less than that. It is looking at equity to bridge that deficit, but the quantum of current investment is likely to be too small to make a sizeable difference.

11

Number of startups in which Ratan Tata, the previous chairman of the Tata Group, has invested in personally since March 2014. On Thursday, the group, which had revenues of $110 billion in 2014-15, announced e-commerceas one of its growth drivers in the years to come. The first manifestation of this vision, which was outlined by current chairman Cyrus Mistry in his Vision 2025 address to employees on 25 July, will be three ventures, with an estimated initial investment of Rs.1,000 crore.

1966

When the maximum number of planes went missing (eight in all) and which remain unaccounted for, in the last 50 years. In 2014, that number was two, one of them being the Malaysian Airlines plane with 239 people on board. Earlier today, the Malaysian government said that more aircraft pieces—including windows, seat cushions and aluminum foil—have washed up on the same Indian Ocean island where the wing part was found last week and is believed to be from MH370.

34.8 million

Nearly three out of every 100 Indians have reported acute respiratory infections in 2014. This works out to 95,000 cases each day. The environment ministry estimates that air pollution resulted in 35,000 deaths between 2006 and 2014. Indian cities are recording the worst air quality in the world, with 13 of the world’s most 20 polluted cities located here.

 

 

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