News in Numbers, Mar 02, 2017: Hiring to strain finances 💰😓

Rs 295-299

What is it? The price band of shares of Avenue Supermarts, owner of the profitable supermarket chain, D-Mart, that would be sold in its initial public offering starting March 8.

Why is it important? The upcoming IPO, worth Rs 1,870 crore, has evinced interest as it is one of the few organised retail chains, especially in grocery segment, which makes a profit. In 2015-16, it made a profit of Rs 321 crore on a revenue of Rs 8,605 crore.

Tell me more: While Maharashtra and Gujarat contribute over 81% of its revenue, D-Mart also has footprint in Telangana, Karnataka, Andhra Pradesh, Madhya Pradesh and Chattisgarh.

 

4-52%

What is it? The sales growth range of passenger cars across seven manufacturers in February, 2017.

Why is it important? Passenger car sales are picking up after being hit in the last two months of calendar 2016, following the cash crunch. A measure of consumer discretionary spending, the growth was fuelled by higher shipments to dealers and new models for some manufacturers.

Tell me more: Growth for Ford India was the highest at 52%, albeit on a small base of 8,338 cars. Maruti Suzuki, selling 120,735 cars, managed to grow in double-digits over 2016. Mahindra and Mahindra was the only company to report a decline of 13% owing to demonetisation.

 

56.67 million

What is it? The number of Indians suffering from depression, according to the World Health Organisation (WHO).

Why is it important? India has only 0.3 psychiatrists per 100,000 population, whereas incidence of depression is 4.5% of the population. Lack of mental health facilities, and concentration of doctors and hospitals in urban areas, mean a large number of people with mental health issues will go untreated for a long time.

Tell me more: The total estimated number of people living with depression increased by 18.4% between 2005 and 2015, according to the ‘Depression and Other Common Mental Disorders — Global Health Estimates’ report.

 

2.8 lakh

What is it? The number of hiring by central government in next financial year starting April 2017.

Why is it important? This will bloat government expenses and potentially suck money away from developmental schemes, unless tax revenues match the increased outgo. Salaries (excluding defence personnel) and pension payment totals Rs 317,529 lakh crore, or 25% of tax collections in 2017-18.

Tell me more: Current size of central government employees is 3.53 million.

 

Rs 2,500 crore

What is it? The amount of black money declared so far under the Pradhan Mantri Garib Kalyan Yojana (PMGKY). The last date under this scheme is March 31, 2017.

Why is it important? Tax authorities have identified 1.8 million taxpayers who have deposited more than Rs 5 lakh in cash during the two months’ period in November and December when old high value notes were replaced with new ones. Tepid response to the scheme could be an indicator these taxpayers are confident of explaining their sources of income, or waiting till the end of this month.

Tell me more: A flat tax rate of 50% would be levied on income declared under the PMGKY, and another 25% will be parked in an interest-free deposit for four years.

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News in Numbers – September 10, 2015

News In Numbers: September 10, 2015

 

Rs 50 lakh

The amount the National Stock Exchange (NSE) has been fined by the Mumbai High Court in a defamation case it had filed against financial news website Moneylife. The bourse filed a Rs 100 crore defamation suit against Moneylife following an article written by Sucheta Dalal alleging that NSE staffers were leaking sensitive information related to high-frequency trading, which helped a select set of investors to trade faster than their competitors. Despite repeated requests by Moneylife, NSE did not participate in the story. According to Hoot, a media watch website, there were 21 instances of defamation cases and legal notices being filed by politicians, business houses, lawyers, former judges and media houses to book publishers, advertisers, other media houses and journalists in 2014.

 

7.5%
Share of revenue Infosys expects to earn by way of acquisitions of the total 2020 target revenue of $20 billion. The Bengaluru-based IT firm is working towards a 30% operating margin and $80,000 revenue per employee in another five years. In 2014-15, Infosys earned $8.7 billion in revenue. Quoting the way Accenture and Cognizant have acquired other companies, Vishal Sikka, managing director and chief executive of Infosys, said they need to do something similar without copying them. The company has made two acquisitions this year. Since the beginning of 2015, Accenture has acquired nine companies.

 

1.9 percentage points

The amount by which global corporate profits as a share of global GDP will fall by 2025, according to a new study by McKinsey, the consulting firm. According to McKinsey, the share of corporate profits as a share of world GDP was 9.8% in 2013. By 2025, this will fall to 7.9% due to a range of factors. Increased competition as firms in emerging markets continue to expand beyond their borders is one major reason.  Another reason, McKinsey says, is the fall in labour costs and interest rates observed over the last few decades is unlikely to continue.

 

21.6%
According to a survey conducted by the Indian government, over a fifth of the toilets it has constructed are non-functional and effectively beyond use. The government has built 6 crore toilets. Chaudhary Birendra Singh, Union Rural development minister, said a change in mindset was needed to make people use toilets. The government is aiming to do away with open defecation under the Swachh Bharat mission by 2019. Over half a billion people in India – or 59% of the 1.1 billion people in the world — still defecate in the open, according to the World Health Organization.

 

400
The number of Indian railway stations Japan will help India redevelop by sending an official mission to “study the opportunities for industries”. Besides this, Japan has agreed to participate in Indian railways’ investment plan of $140 billion in the next five years and engage in technology cooperation for modernising and upgrading Indian railways. Japanese railways and companies would also assist India in its zero-accident mission. Indian railways posted a loss of Rs 30,000 crore in the passenger segment in 2014. Japan has announced a funding of $35 billion across various infrastructure projects over the next five years.

 

 

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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.

 

 

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