News in Numbers, Jan 18, 2017: Stirring the ready-to-cook pot

$25 million

What is it? The cost of 25% stake in a ready-to-cook food company, ID Fresh Foods, paid by Premji Invest, the investment firm of Wipro-owner Azim Premji.

Why is it important? With the increase in nuclear and double-income families, demand for ready-to-cook products is expected to grow faster and this has attracted investors wanting to tap this market. ID Fresh Foods had secured investment from Helion Ventures two years ago. Premji’s investment values it at $100 million. This would be Premji Invest’s fifteenth largest investment.

Tell me more: Premji Invest manages assets over $2 billion across 50 companies and has invested in companies such as Amagi Media Labs (over $500 million) and Lenskart ($115 million). ID Fresh Foods was started by IIM-Bangalore-alumnus PC Musthafa in 2006.

2

What is it? The number of Indian Police Service (IPS) officers compulsorily retired by the home ministry after a performance review.

Why is it important? It is a rare instance of performance-related rap for bureaucrats, the first removal in the last 10-15 years of IPS officers. The state cadres removed them for poor performance based on their service records, complaints and senior reviews.

Tell me more: Rule 16(3) of the All India Services (Death-cum-Retirement) Benefits Rules, 1958 provides for a service review, in consultation with the state government, of All India Services officers completing 15 and 25 years of service or attaining 50 years of age. Centre may also ask for such a review irrespective of the service years.
4 months

What is it? Remaining prison sentence of Chelsea Manning, after the rest of it was commuted by US President Barack Obama. Manning is a US army intelligence expert convicted of leaking America’s diplomatic and military activities in 2010.

Why is it important? The commutation marks a reversal of President Obama’s policy of actively pursuing criminal prosecution of people involved in leaking government secrets. With three days left in his presidency, Obama also pardoned 63 and commuted sentences of 208 prisoners, mostly drug offenders. Chelsea, who has spent seven years in jail, was originally serving a 35-year imprisonment.

Tell me more: Obama has granted clemency in only 3.7% of the total petitions received (35,944) till December 31, 2016. This compares favourably with George W.Bush who granted clemency only to 0.02% of applications in his eight-year tenure.
23

What is it? Number of railway stations that will be redeveloped and modernised by private companies at a cost of Rs 4,000 crore.

Why is it important? After announcing plans to redevelop 44 stations more than a year back, Indian Railways has roped in Bansal Construction to modernise Habibganj station near Bhopal. Work is expected to start from March this year. With the state-run monopoly not having resources to invest in modernisation of railway stations, the centre is roping in private players to redevelop the stations. In lieu, private players get to develop surplus land near the station on a lease of 45 years.

Tell me more: Railways have identified 332 stations for redevelopment and modernisation based on passenger earnings.
1,050

What is it? The number of village panchayats which will have free WiFi hotspots in three years.

Why is it important? It underlines the government’s efforts to speed up digitisation, especially with an eye on going cashless. Previously, the telecom secretary mentioned the target of making all gram panchayats WiFi-enabled. In December, Members of the Parliament were permitted to use their allocated funds to set up WiFi hotspots in villages and educational institutions.

Tell me more: Over Rs 400 crore would be spent in the first leg spanning three years in public-private partnerships.

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News in Numbers – September 9, 2015

News In Numbers: September 9, 2015

 

 

23,604

The number of village panchayats in which the government has laid optic fibre cable (OFC) till July 2015 to provide high-speed broadband connectivity under the BharatNet project. The government plans to connect all 250,000 village panchayats under this plan by end-2016. In a March 2015 report, a committee constituted to review the programme (earlier called the ‘National Optical Fibre Network’) estimated the project cost at Rs 72,778 crore. An addition of 100 users per village panchayat would increase the share of Internet subscribers as a percentage of the total population by 1.9%. The committee also estimated that the increased Internet penetration would translate to potential economic benefit of Rs 66,465 crore in 2018-19.

 

45%

Share of Mumbai, Delhi and Bengaluru in the total bids received for FM radio stations in the ongoing e-auctions. The bid price for a radio station was Rs 169.2 crore in Delhi, Rs 122.8 crore in Mumbai and Rs 109.3 crore in Bengaluru. Leading stations in Delhi and Mumbai currently generate yearly advertising revenue of Rs 35-40 crore each. There were no takers for 38 stations in 13 cities. The government received bids worth Rs 1,156.9 crore for 97 channels in 56 cities. A Ficci-KPMG study has projected the size of the radio industry to be $19.6 billion in 2015 (calendar year) and $22.3 billion in 2016.

 

6

The number of hotel deals done so far in 2015 as against two in 2014 and three in 2015, according to real estate consultant JLL India. With hotel valuations falling by over 25%, the consultancy expects five more hotel deals to be sealed by end-2015. The major deals concluded this year include ITC acquiring Park Hyatt Hotel in Goa for Rs 515.4 crore, Radhakishan Damani (promoter of hypermarket chain, D-Mart) acquiring Radisson Blu Resort & Spa (Alibaug) for Rs 135 crore and SAMHI Hotels buying a Vizag-based hotel for Rs 90-95 crore. Ratings agency ICRA expects the Indian hotel industry to grow by 5-6% in 2015-16, with occupancy rates improving by 2-4% and revenue per room by 3-5%.

 

20%

One of every five deaths of children below the age of 5 years took place in India in 2015, according to data put out by the British medical journal The Lancet. India lost 1.2 million children below the age of 5 years. The under-5 years mortality rate for India has dropped 62% in 15 years and, currently, stands at 48 deaths per 1,000 live births, against the global average of 43. Pneumonia (15%) and diarrhoea (9%) were the main killers. According to Unicef, India is unlikely to achieve the Millennium Development Goal 4, which aims to reduce under-five mortality by two-thirds between 1990 and 2015, unless the related determinants are “urgently addressed”. Only six states — Kerala, Tamil Nadu, Maharashtra, Punjab, Himachal Pradesh and West Bengal — are likely to achieve this goal.

 

Rs 160-190
The black market cost of a litre of petrol in Manipur currently — about thrice the price in metros. The flow of essential commodities into the state has been hit due to a landslide, which blocked parts of the Imphal-Dimapur highway in August. Further, the weak condition of a bridge on the Imphal-Silchar highway has also hit the movement of supplies. Rationing of fuel is in force, and has led to long queues at petrol outlets. At least 20 people were reportedly killed when a landslide caused by heavy rains buried an entire village in Manipur’s Chandel district last month. Geological Survey of India has estimated that nearly 15% of India’s landmass or 0.49 million sq km area is prone to landslides. There are six states in which most districts fall under high to very high landslide hazard classes, and Manipur is one of them.

 

 

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