News in Numbers: Twitter added 2 million users in the last quarter of 2016
- Google targeted again as European Union is said to weigh search-result rules
- Rahul Gandhi seeks revival in Narendra Modi’s backyard
- Opening bell: Asian markets open mixed; HDFC Bank, Infosys Q2 results today
- Hindustan Zinc takes partial insurance against fall in prices
- Havells India: cables boost performance but may not sustain
What is it? Bank customers whose debit card data was stolen in 2016 due to the hacking of Hitachi Payment Services that manages ATMs of certain banks.
Why is it important? While millions of users were stricken between May and July of 2016 and had their money stolen, Hitachi Payments only now admitted on Thursday it still does not know the amount of user data compromised. The hacking, detected in September, led to an audit of Hitachi Payments, whose ATMs for banks like ICICI Bank, Yes Bank, Axis Bank, HDFC Bank, SBI were affected the most.
Tell me more: The audit results, now out, by SISA Information Security and commissioned by the National Payments Corporation of India (NPCI), tells of a sophisticated malware that concealed its tracks and was able to delete them. Hitachi in its admission says containment measures have been deployed.
What is it? The productivity of the Lok Sabha in the first phase of the Budget session for 2017.
Why is it important? The phase which saw the Specified Bank Notes (Cessation of Liabilities) Bill or the bill on demonetisation, along with others such as the Finance Bill, Payment of Wages (Amendment) Bill, passed, saw the Lok Sabha accomplish 13% more work than scheduled. This was less than the first phase productivity of 2016’s Budget session (123%). While the data was shared by the Parliamentary affairs minister Ananth Kumar, it reiterates a study by think-tank PRS Legislative Research which showed having a majority in the lower house helped keep up Budget session productivity levels for this government. While productivity hovered between 49-89% in 2010-2013 Budget sessions, 2014 onwards, it was at 103-121%.
Tell me more: Rajya Sabha productivity in the first phase of the ongoing session was 97%.
What is it? The number of people forced from their homes by the civil war going on in South Sudan, the world’s youngest country.
Why is it important? The United Nations now says the fighting between the government and rebel forces is reaching “worrying proportions”. Aid workers have had to be evacuated and military supplies and reinforcements find their way to the country.
Tell me more: South Sudan’s brief history has been fraught with the ongoing civil war leading to a humanitarian crisis, rife with displacement and food insecurity. A tentative peace agreement struck in 2015 is still to be acted upon.
$ 250 billion
What is it? The amount analysts expect India to spend on defence modernisation over the next 10 years
Why is it important? With this large budget, it hopes to get manufacturers shift their production facilities to India, boosting its Make in India campaign. Its deal with Lockheed Martin to make its F-16 combat jets in India was in this direction. However, the defence firm has now said US government under Trump might take a fresh look at the deal, which could be a setback for Make in India efforts.
Tell me more: One of the key campaign promises of Donald Trump was to bring back jobs to America, and the indications are that he will try protectionist measures to achieve that.
What is it? The number of users Twitter added in the last quarter of 2016. It now has 319 million monthly active users.
Why is it important? In contrast, Facebook, its rival in the social media space, added 72 million users. It came during the height of American presidential campaign, with Donald Trump making his most impactful statements on Twitter. The user growth, as well as the merely 1% increase in quarterly revenues hammered the stock price down by 11%.
Tell me more: Despite this, Twitter suggested its users are getting more addicted to the platform pointed to the growth (11% quarter on quarter) in daily active user numbers.
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