News in numbers: Telecom firms may bid for Rs1.5 lakh crore in spectrum auction
In other news, seven top executives, the latest to resign being Sanjay Purohit, exited Infosys since Vishal Sikka took over as the chief executive officer in 2014
What is it? Deposit made by seven telecom companies to participate in the upcoming spectrum auction.
Why is it important? The amount indicates robust demand from telecom companies. Deposit amount is usually around 8-10% of the reserve price. If one extrapolates, the seven telecom companies could potentially bid for over Rs.1.5 lakh crore in the upcoming auction. Once the auction begins, the amount would go above the reserve price for lucrative markets. The government is looking to earn Rs.98,994 crore from the auction in the current fiscal.
Tell me more: Reliance Jio, which launched commercial operations this month, deposited the highest at Rs.6,500 crore. The next highest was Vodafone India at Rs2,740 crore.
What is it? The safety rating obtained by Renault Kwid, India’s sixth largest selling car, in a test conducted by Global NACP.
Why is it important? It shows the importance given by car makers to make cars safer for people. NACP tested the highest priced variant of Kwid that comes with driver airbag and a seat belt pretensioner, and yet the score was only one star. More than 146,000 lost their lives in road accidents in 2015 in India, the highest in the world.
Tell me more: Honda Mobilio, a higher priced multi-utility vehicle, scored zero star rating for a variant with no airbags. Another variant of Mobilio which has two airbags scored a three-star safety rating, underscoring the need to make airbags compulsory.
4.14 million square kilometres
What is it? The area of sea ice floating on Arctic Ocean this summer.
Why is it important? This is the second lowest recorded, and is one of the clearest indicators of global warming. 2016 is the warmest year on record so far, and some experts have predicted that in 15 years, summer will see Earth’s polar north completely melting .
Tell me more: Arctic sea ice coverage dipped to its lowest this season on 10 September to 4.14 million square kilometres, tying with 2007 levels, and second only to 2012, when it fell to 3.39 million square kilometres.
What is it? The number of top executives who exited Infosys since Vishal Sikka took over as the chief executive officer in 2014.
Why is it important? Top management attrition is often seen as a cause for worry by analysts because it could slow down decision-making, and hurt morale.
Tell me more: The latest to resign is Sanjay Purohit , executive vice-president and the former head of consulting.
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