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News in Numbers | Indian Railways expects to save Rs41,000 crore in energy bills

LiveMint logoLiveMint 06-03-2017 howindialives.com

Rs41,000 crore

What is it? The amount Indian Railways expects to save on energy bills in the next 10 years.

Why is it important? Indian Railways is the single-largest consumer of electricity in the country, consuming around 17.5 billion units a year. The railway ministry has prepared an action plan to achieve the savings. The initial results of the plan has led to Rs4,000 crore savings on energy consumption, according to the Union railway minister Suresh Prabhu.

Tell me more: Indian Railways passenger and other coaching services racked up losses of Rs33,490.9 crore in FY15.

20-30%

What is it? The estimated increase in the number of recruitments over last year at Flipkart, one of the top two Indian e-commerce companies.

Why is it important? Flipkart appears to have bucked the hiring slowdown/freeze in Indian start-ups as funds run dry. It had denied firing more employees after letting go of 1,000 people in July 2016 for underperforming. While rival Snapdeal recently fired 600 employees, and Flipkart itself faced devaluations by existing investors, its hiring plans seem to be intact under new chief executive officer Kalyan Krishnamurthy.

Tell me more: In 2016, Flipkart reportedly hired 1,500 employees, and 10,000 temporary staffers for last year’s festive season.

Rs2,300 crore

What is it? The combined value of the initial public offerings slated to open this week: Radio City FM channel operator Music Broadcast and D-Mart chain of supermarkets-owner Avenue Supermarts.

Why is it important? The twin IPOs would account for 8.5% of the total IPO funding raised in 2016, at Rs26,493 crore. While Avenue Supermarts is looking to raise Rs1,870 crore starting 8 March, Music Broadcast will be raising up to Rs400 crore starting on Monday.

Tell me more: Music Broadcast raised Rs146.5 crore from anchor investors on Friday. Over a dozen more IPOs are in the pipeline, having obtained the approval of the capital market regulator including those of Aster DM Healthcare, Hinduja Leyland and GVR Infra Projects.

89%

What is it? The percentage of households in Punjab under debt.

Why is it important? The average indebtedness per household in the state, which has 10.53 lakh households, is Rs8 lakh, according to a study. Farm debts have accounted for three out of every four suicides in the agrarian state, and most of them are cotton growers. They were hit by whitefly attacks and low international prices earlier part of this decade. In 2015, Punjab stood second in the country by the number of suicides.

Tell me more: The study—spanning every farm household in the state—was conducted by Punjab Agricultural University, Ludhiana, Guru Nanak Dev University, Amritsar, and Punjabi University, Patiala, and the final report is expected in the next two weeks. Meanwhile, the legislative assembly poll results for the elections that took place in February, is to be announced on 11 March.

268.9 million

What is it? The number of new internet users in India in the last three years.

Why is it important? It reflects the growth of smartphones and affordable data plans in the country. A lot hinges on digitally connected Indians—from government initiatives that want to leverage universal bank accounts, mobile phones and digital identity to reform state services; to private companies that see immense business opportunity in the new digital immigrants.

Tell me more: Globally, the number of new internet users went up by over 500 million, including 97 million new users in China and 35 million new users in Brazil, according to Adobe Digital Insights.

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