News in Numbers – September 6

0

What is it?

Number of Indian bowlers in the top 10 in the latest one-day international (ODI) rankings released by the sport’s governing body.

Why is it important?

Bowling has been the weak link in ODIs for India, which is ranked joint third. R Ashwin, at number 12, is the highest-ranked Indian bowler. In ODIs in the past 12 months, of the 10 test-playing nations, India conceded the most runs per wicket (37.3) and second-most runs per over (5.68).

Tell me more:

By comparison, India was tied with South Africa in having three players in the top 10 list of ODI batsmen: Virat Kohli (ranked 2), Rohit Sharma (7) and Shikhar Dhawan (8).

2.3

What is it?

Number of passenger complaints against Air India in July for every 10,000 passengers ferried by the airline on domestic routes, the most among large carriers.

Why is it important?

Air India has consistently had the worst record among domestic airlines on complaints. In the latest episode, a section of Air India pilots took leave on Monday, in the backdrop of protests over payment and other issues, delaying flights.

Tell me more:

The best were Vistara (0.1) and IndiGo (0.3). In July, 34.2% of complaints across airlines related to “flight problems”, followed by customer service (27.4%).

2085

What is it?

The year by which India will achieve universal upper secondary education, as per Global Education Monitoring report by UNESCO.

Why is it important?

This would be 55 years late as compared to United Nations’ Sustainable Development Goals which wants ‘free, equitable and quality’ primary and secondary education for all. Universal primary and lower secondary education will be achieved only by 2050 and 2060 respectively.

Tell me more:

There is a correlation between education and economic growth. Universal upper secondary education by 2030 in poor countries will lift 60 million people out of poverty by 2050, as earnings will increase by 75%.

283.36 million tonnes

What is it?

India’s estimated horticultural production in 2015-16

Why is it important?

This is higher than the country’s foodgrain production for the fourth year in a row – and is a good news for farmers for a number of reasons. Fruits and vegetables take up less land than foodgrains, and can benefit small and marginal farmers. They can also be harvested in shorter durations, compared to foodgrains, and ensure cash flow to farmers, a reason why it’s picking up.

Tell me more:

Onion production grew 11% to 21 million tonnes in 2015-16, while tomato production was up 12%. Potatoes dropped by 9%.

$255 billion

What is it?

Market cap of China-based web company Tencent Holdings, whose well known brands include WeChat and QQ

Why is it important?

It’s now the most valuable company in Asia, and among the top ten in the world. It was mostly recently in news in India after it invested in Hike Messenger, propelling the Indian startup to Unicorn status (over $1billion in valuation). Tencent has been active in India for some years now, and made its first startup investment in Practo in 2015.

Tell me more

Tencent overtook China Mobile on Monday rising by 4% in Hong Kong. Tencent primarily makes money through its flourishing online gaming business.

Read More

News in Numbers, Aug 17, 2016: Hike becomes a unicorn, dengue cases on the rise in Delhi…

$175 million

What is it? The amount Indian messaging startup Hike Messenger has raised from a group of investors led by Chinese Internet firm Tencent Holdings and Taiwan-based Foxconn Technology Groupat a valuation of $1.4 billion.

Why is it important? This is Hike Messenger’s fourth and its biggest round of funding and with this, the startup has now entered the unicorn club. This would help the startup invest in services and make the product better even as it tries to catch up with the most popular or dominant messaging platform Whatsapp in India. Hike has over 100 million users, of which 95% are Indians while Whatsapp hit the 1 billion-mark globally in Feb this year.

Tell me more: Hike was launched by Kavin Bharti Mittal, son of Sunil Mittal who is the chairman of Bharti Enterprises, in December 2012. It has raised over $250 million so far.

 

3.55%

What is it? The increase in India’s wholesale price inflation in July, up from 1.62% in June.

Why is it important? This was the fastest in nearly two years (23 months) and was due to increase in inflation of both food and non-food articles. While the former increased by 9.38% last month (compared to 8.18% in June) the latter quickened to 9.49% in July (from 5.72% in June). Cereals, pulses, vegetables and fruits were the main reasons for the increase in food inflation while fibers and oil seeds pushed up non-food inflation.

Tell me more: In the last one year or so, the gap between wholesale price index-based inflation (WPI-based) and consumer price index-based inflation (CPI-based) has narrowed: last month, CPI-based inflation accelerated to 6.07%, again the highest in 23 months.

 

194

What is it? The number of companies that have been asked by Bombay Stock Exchange to delist. They have been suspended from trading for the last 13 years.  

Why is it important? This will help public shareholders. The promoters of the delisted firms have to purchase shares from the public shareholders at a fair price arrived at by an independent valuer (who is appointed by the exchange). The markets regulator is taking steps to bring down the number of listed companies to reduce the risk of price manipulation through such firms and improve the governance of public markets.

Tell me more: The Securities and Exchange Board of India (SEBI) would reportedly attach the assets and properties of companies that fail to comply with the delisting notices. In June, it was reported that the BSE was finding it difficult to follow SEBI’s order of delisting firms that have been suspended from trading for more than seven years as half of the 509 letters sent by the exchange bounced back, indicating that the promoters are not traceable.

 

277

What is it? The number of dengue cases reported between June and August in Delhi.

Why is it important? With nearly 40% of the cases having been reported in the first two weeks of this month, the numbers suggest that the number of cases are displaying an increasing trend. A total of six cases were reported in May, 15 in June and 91 in July. Delhi reported 15,867 cases last year, the worst in 20 years and 60 lives were lost to the vector-borne disease.

Tell me more: As of June 28, India recorded 8,307 cases and at least 10 deaths from/due to dengue. According to one estimate, dengue costs India over $1.1 billion per year.

 

39

What is it? The number of airports in India that are not under the cover of the Central Industrial Security Force (CISF).

Why is it important? Soon, all 98 functional civil airports in the country would be brought under the security cover of the CISF, according to a decision taken at a meeting attended by ministers and officials of the Home and Civil Aviation Ministries. The Intelligence Bureau warned on Tuesday that none of the Indian airports are safe and do not have the capabilities to withstand an attack similar to that in Brussels that took place in March killing 32 people and injuring over 300.

Tell me more: The Home Ministry has ordered a security audit of all the airports and the probe committee is expected to submit its report in 20 days. The central government would then work with state governments to plug the loopholes at all airports.

Read More