News in Numbers: ‘La La Land’ wins six awards at Oscars 2017
- Amazon, Patni Group form joint venture to strengthen customer support
- Tamil Nadu govt appoints retired judge to probe Jayalalithaa’s death
- LIC increases stake in Dena Bank to over 14%
- ED plans new chargesheet against Vijay Mallya after tracking shell companies
- Madhya Pradesh: two judges lose jobs for having over two kids
What is it? The estimated price of the Nokia feature phone redux, the popular 3310.
Why is it important? Nokia, once the most popular mobile brand, is plotting a comeback with a slew of new phones and one relaunch by its current owners, a subsidiary of Foxconn. HMD Global has lined up four phones, including the redesigned feature phone, 3310, for global shipment. Between its launch in 2000 and 2005, the 3310 had sold 120 million units. In India, especially, it could create a stir as more than 55% of mobiles phones are still feature phones.
Tell me more: The new smartphones are priced between Rs9,000 and Rs21,000.
What is it? The estimates of GDP growth for the third quarter of fiscal year 2016-17, when demonetisation was in full swing.
Why is it important? Surveys of economists by Mint and Reuters point to the slowdown caused by demonetisation. The last estimate from the Central Statistics Office of the full fiscal at 7.1% kept the cash ban effect out of reckoning.
Tell me more: In the July-September quarter, GDP growth rose by 7.3%. International Monetary Fund recently projected 6.6% GDP growth rate for India in 2016-17.
What is it? People killed in the boat capsize in Tamil Nadu.
Why is it important? Another boat capsize in a little over a month since the Bihar tragedy. Avoidable deaths recur given India’s lax enforcement of water safety measures, mostly when boats not suited for the purpose are used and there is absence of life jackets on board. In this case, while the cause remains undetermined, it is being reported that many died trapped in the fishing net inside the vessel, taking them on a joyride off Tuticorin, when it overturned. The boat was not meant for too many passengers.
Tell me more: Tamil Nadu had seen 22 persons killed in another capsize in 2011.
What is it? The number of generic drugs the US Food and Drug Administration (USFDA) approved in 2016.
Why is it important? The US is one of the largest pharmaceutical markets in the world and generic or unbranded drugs saved its healthcare system $1.68 trillion in the last 10 years. An increase in approvals would give a boost to its healthcare system. But more significantly, nearly 80% of the generic drugs originate or get made in countries like India and China. So it would also spell a larger market for such drug manufacturers based in these countries. USFDA approvals are up from 580 in 2015 and 146 in 2014.
Tell me more: In India, many drug manufacturers ran into trouble due to their production units failing the USFDA standards.
What is it? The number of Academy Awards or the Oscars that La La Land won, out of 14 categories it had been nominated in.
Why is it important? The movie was in the running for matching/breaking the record of the most number of Oscars won by a movie—11 or more (Ben Hur, Titanic and The Lord of the Rings: The Return of the King). However, with a vocal critic base, the movie was not able to do so.
Tell me more: For a brief moment, the movie was declared the ‘Best Movie’, the ultimate prize at the Oscars and what would have been the movie’s seventh award of the evening. But it was the presenter’s mistake.
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