Towering inferno

$30 billion

What is it? The cost of setting up a joint refinery, by state-owned companies — Indian Oil (IOC), Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL) — in Ratnagiri, Maharashtra, as per the agreement signed on Wednesday.

Why is it important? The refinery will be India’s largest, with a capacity of 60 million-tonne. Costing around Rs 2 lakh-crore, it will boost the country’s oil export potential, besides readiness to tackle demand at home. Being considered since 2015, the project faced land acquisition hurdles in 2016.

Tell me more: There will be a mega petrochemical complex to accompany the refinery at the site.

 

 

1,800

What is it? The number of Infosys overseas employees who earn above Rs 1 crore.

Why is it important? Employees hired abroad tend to earn more. Infosys is expected to face pressure on its cost as it is slated to hire 10,000 in the US in the next two years. Around 700 of the 1800 high earning overseas employees were hired after Sikka took over in 2014.

Tell me more: The number of India based Infosys employees who earn more than Rs 1 crore has come down from 113117 in FY15 to around 50 in FY17.

 

 

520 million

What is it? The number of 4G subscribers in India by 2022, as forecast by the latest Ericsson Mobility Report.

Why is it important? In the recent months, 4G migration got a boost with huge discounts from Reliance Jio. It also forced other players to bring down price. The report forecasts 740 million subscribers for 3G by 2022. In 2016, an April report by CLSA had put the combined subscription of 3G and 4G services at 120 million.

Tell me more: There are 1.17 billion wireless subscribers (April,  2017), which include increasingly unpopular technologies such as 2G and CDMA.

 

 

12

What is it? The number of people confirmed dead in the inferno in Central London on Wednesday.

Why is it important? The 24-story Grenfell Tower apartment block, was built in 1974 but was recently refurbished, and the fire spread through it at an unprecedented speed. Despite the presence of hundreds of firefighters, the fire could not be contained to evacuate everyone trapped in the tower. The disaster has called into question fire safety in high-rises, increasingly common in cities around the world. India has constantly been reminded of the shortfall in fire-preparedness of its high-rises, most recently by a CAG report on Maharashtra.

Tell me more: The tower block was home to 600 people, and the fire is being considered one of London’s deadliest.

 

 

2.17%

What is it? The rise in India’s wholesale price index in May, 2017.

Why is it important? This is the slowest growth in the last five months. The trend was also seen in consumer price inflation at 2.18%. It was driven down by falling food prices, as wholesale vegetable price index fell by 18.51% in May.

Tell me more: The low growth in inflation has led businesses to call for rate cuts.

Read More

News in Numbers – September 3, 2015

News In Numbers: September 3, 2015

 

5

The number of persons sent to jail by a Delhi court on Wednesday, the first conviction in a 2010 Commonwealth Games scam case. Four are officials from the Municipal Corporation of Delhi (MCD), each of whom received four years, while the fifth person, the managing director of a private firm, got six years. They have been convicted for their involvement in a street-lighting scam, which resulted in a loss of Rs 1.4 crore to the exchequer. Of the 10 ongoing corruption cases that relates to the Games, one is against former Congress MP Suresh Kalmadi and nine others for alleged irregularities in awarding a contract to a Swiss company, causing a loss of Rs 95.6 crore to the exchequer. Last January, the Central Bureau of Investigation (CBI) closed nine of the 19 FIRs (first information reports) filed for lack of evidence.

 

Rs 25,000 crore

The estimated loss to the Indian economy due to a one-day strike by 10 central trade unions on Wednesday, according to industry bodies CII and Assocham. However, Finance Minister Arun Jaitley dismissed the strike as something that “had a marginal or an inconsequential impact”, saying that most people were not even aware. The trade unions claimed that over 15 crore organised sector workers participated in the strike, and media reports suggest banking and transportation services were hit in parts of the country. Workers from 23 public sector banks, 12 private banks, 52 regional rural banks and over 13,000 cooperative banks went on strike on Wednesday.

 

422

The number of trees estimated per person on earth, according to a group of researchers led by ecologist Thomas Crowther. The researchers have combined two methods – satellite imagery and ground-based counting – to arrive at an estimate of 3.04 trillion trees on earth. This is 7.6 times the previous estimate of 400 billion trees, which was arrived at by primarily using the second method. With an estimate of 15 billion trees being cut down every year, the number of trees has declined by 46% since humans began cultivation about 12,000 years ago. According to the World Wildlife Fund, about 36 football fields worth of trees are lost every minute across the world.

 

0.1%

According to gross-value added (GVA, which is essentially GDP minus taxes plus subsidies) data, inflation was 0.1% in the Indian economy in the first quarter of 2015-16. In the fourth quarter of 2014-15, this number was in negative territory, indicating the economy was in deflation. Except for agriculture, industry and services are in deflation. On Wednesday, chief economic advisor (CEA) Arvind Subramanian warned the Indian economy “appears to be in or close to deflation territory” but maintained that it would grow at around 8% in 2015-16. The CEA has said in the past that policymakers should also look at the Wholesale Price Index, which is in the negative, besides the Consumer Price Index. The Reserve Bank of India kept key interest rates unchanged in August citing inflationary concerns.

 

75,000

The number of Indians in the age bracket of 15 to 34 years who were killed in road accidents in 2014, of which 82% were men. The victims in this age group accounted for 53.8% of the road accidents recorded last year and those in the 35-64 age bracket accounted for 35.7%. Uttar Pradesh, Tamil Nadu and Maharashtra account for nearly one-third of total road fatalities last year. About 1.2 million Indians were killed in car accidents in the last 10 years or so, an average of one every minute. According to a World Health Organization report, India has the highest absolute number of recorded road deaths, followed by China.

 

 

howindialives.com is a search engine for public data



Read More