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Business News/ Politics / Policy/  News in numbers | Assets worth Rs330 crore seized in I-T raids till July this year
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News in numbers | Assets worth Rs330 crore seized in I-T raids till July this year

The I-T raids drive home the message that the Modi government is stepping up measures to crack down on the black money problem in the country

The amount surrendered in the first seven months of this year (`3,360 crore) is 56.5% higher than that received in the same period a year ago. Photo: MintPremium
The amount surrendered in the first seven months of this year (`3,360 crore) is 56.5% higher than that received in the same period a year ago. Photo: Mint

Rs350

What is it? The minimum wage for semi-skilled non-agricultural workers is up from 246, the government announcement on Tuesday.

Why is it important? This, along with the announcement that bonuses for 2014-15 and 2015-16 will be paid to Central government employees, was an attempt by the government to prevent trade unions from going on a nationwide strike on 2 September. The trade unions have rejected the new minimum wage hike proposal. This means that banks, government offices and factories would remain closed this Friday.

Tell me more: The demands of the unions include a minimum wage of 18,000 per month (as against the government’s offer of 9,100), social security for workers, increased pension of not less than 3,000 per month for all sectors (for unorganized workers, too) and removal of foreign direct investment from railways, defence and other strategic sectors.

329.93 crore

What is it? The value of unaccounted cash, jewellery, movable and immovable assets reportedly seized by the income tax (I-T) department in raids from January-July 2016.

Why is it important? This is over thrice the amount seized ( 102.5 crore) in such raids by the department in the corresponding period last year, indicating that the government is stepping up measures to crack down on the black money problem in the country. The number of I-T raids and searches, seizures made and the untaxed income surrendered to the government are reportedly the highest in nearly five years. The amount surrendered in the first seven months of this year ( 3,360 crore) is 56.5% higher than that received in the same period a year ago.

Tell me more: The government has asked people to declare their undisclosed wealth under a one-time compliance window before 30 September, after which they would face stringent action, including imprisonment.

2.17

What is it? The multiple by which patients are more likely to die when operated on at night compared to those operated on during the day, according to a research. This is based on 30-day survival rates for patients at a Canadian hospital and the results are yet to be published in a peer-reviewed journal.

Why is it important? The reasons for this could possibly include staffing shortages at night, fatigue among medical staff and delay in treatment, according to the researchers. This could prompt further research into understanding post-operative mortality and its link with the time of the day and night and find out ways to reduce it for surgeries done in the night or late in the day (when patients are 1.43 times more likely to die than those operated on during regular working hours).

Tell me more: The research included study of 41,176 emergency and routine operations done on 33,942 patients between April 2010 and March 2015. The operations were divided into three time blocks: between 7.30am to 3.29pm, 3.29pm to 11.29pm, and 11.30pm to 7.29am.

327,394

What is it? The number of crimes against women in 2015, a 3.1% decrease from that recorded in 2014 (337,922), according to the National Crime Records Bureau data released on Tuesday.

Why is it important? Despite the small dip in the number of cases, the instances of attempts to rape (4.8%), kidnappings (3.4%), sexual harassment (9.6%) and assaults (0.2%) have increased in 2015 over the previous year. The number of rapes (7.4%), gang rapes (9.9%) and dowry deaths (9.7%) have seen a decline in the same period.

Tell me more: Uttar Pradesh (10.9% of the total), West Bengal (10.1%) and Maharashtra (9.5%) top the list in terms of number of crimes against women. In terms of crime rate (incidence of sexual offences per 100,000 women), Delhi recorded the highest (43.6), followed by Odisha (22.2) and Assam (20.6).

25%

What is it? The reservation proposed by social justice minister Ramdas Athawale for the economically backward (whose annual income is less than 6 lakh) among the upper castes.

Why is it important? This means the maximum reservation limit has to be increased from the current 49.5% to 75% to include the economically backward communities including Gujjars, Patels, Rajputs, Brahmins, Marathas and Jats. This could be a result of agitations for reservations in education and government jobs by some communities such as the Patidars (or Patel), Jats and Marathas. A Constitutional amendment would be required to bring about this increase.

Tell me more: The scheduled castes, scheduled tribes and other backward castes have 15%, 7.5% and 27% reservation, respectively.

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Published: 31 Aug 2016, 03:03 PM IST
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