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News in Numbers | Modi government will give jobs to 280,000 people in FY17-18

LiveMint logoLiveMint 02-03-2017 howindialives.com

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 the 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 2,500crore

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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