News in numbers | Reliance Jio’s total assets at Rs1,35,726 crore
In other news, the government is developing 35,000km of roads billed as the most ambitious roads project that could boost the economy, bring down costs and create jobs
Rs 1,35,726 crore
What is it? The total assets of Reliance Jio Infocomm, the telecom subsidiary of Reliance Industries, as of 31 March 2016.
Why is it important? It shows the massive scale of the Reliance Jio telecom launch. And this figure is likely to increase further, with the company announcing that it would raise another Rs.15,000 crore through an optionally convertible debt instrument.
Tell me more: This fund-raising announcement comes in the wake of Jio’s commercial launch of 4G services on 5 September and as a prelude to the spectrum auctions in October.
What is it? The number of economic corridors that India is planning to develop.
Why is it important? It will involve developing 35,000km of roads (21,000km of economic corridor and 14,000km of feeder routes). It could cost Rs.6 trillion in investments. It’s billed as the most ambitious roads project since the golden quadrilateral project under the National Democratic Alliance led by Atal Bihari Vajpayee, and can boost the economy, bring down costs and create jobs.
Tell me more: Consulting firm A.T. Kearney is expected to submit its final report on the project in a month
What is it? The number of additional Army personnel deployed in Kashmir to restore normalcy.
Why is it important? They have been told to use minimum force. The Army recently came under heavy criticism for using pellet guns. By using more people and minimum force, the government hopes to “calm down” the valley with broader public support.
Tell me more: The troops are spread out mostly in four districts of Pulwama, Shopian, Anantnag and Kulgam which were at the centre of violent protests following the killing of militant Burhan Wani.
What is it? The cost of resettling a Syrian refugee in the United Kingdom, as compared to £17,000 in the US and £21,000 in Germany.
Why is it important? Four western countries—UK, US, Germany and Canada—are planning to resettle more than 900,000 Syrian refugees. The wide range in costs show the different ways in which countries are dealing with the influx. In the UK, the government takes care of the entire cost, including housing. But in the US, the government involves churches and charities, who adopt families and take care of accommodation.
Tell me more: India has more than 201,000 refugees, with more than 100,000 from Tibet. But India hasn’t signed the 1951 United Nations Refugee Convention.
What is it? The combined difference in world ranking between the singles tennis players of Spain and India who play in the Davis Cup world group play-off tie in New Delhi later this week.
Why is it important? Despite consistently not having high-ranking singles players, India has punched above its weight in this team tennis competition. Its current ranking is 20, out of 155 nations.
Tell me more: In the upcoming tie, India will be represented in singles by Saketh Myneni (world ranking of 137) and Ramkumar Ramanathan (203), and Spain by Rafael Nadal (4) and David Ferrer (13).
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