In other news, India may face an estimated coal deficit of 163 million tonnes by 2020, down from 191 million tonnes in 2016
What is it? The percentage of undernourished people in India between 2014-16, according to the Global Hunger Index 2016.
Why is it important? This ranks India 97th among 118 developing nations, which is worse than all South Asian countries other than Pakistan. It ranked 80th out of 104 countries last year. If hunger declines at the current rates, 45 countries including India would have ‘moderate’ to ‘alarming’ hunger levels in 2030, which means the United Nations Sustainable Development Goal of ending hunger by then is unlikely to be achieved.
Tell me more: Approximately, two out of every five children below the age of five years are stunted in India while 15.1% of them are wasted (mostly, indicates severe weight loss associated with acute starvation/disease).
163 million tonnes
What is it? India’s estimated coal deficit by 2020, down from 191 million tonnes in 2016, according to a report.
Why is it important? India is likely to miss its goal of achieving coal self-sufficiency by 2020 due to delays in opening up of commercial mining to the private sector and giving approvals to state miners, as per the report. Coal accounts for 61% of electricity generation capacity in the country and India is looking to reduce its imports by boosting domestic output. However, the government is worried about the how it would sell the surplus coal.
Tell me more: India is looking at 1.5 billion tonnes of coal production by 2020, of which over two-thirds would come from Coal India. India is set to surpass US as the world’s second biggest coal producer after China in four years where its share of world output would increase to 12.7% in 2020 from 9.8% in 2016.
Why is it important? This is after the company announced that it is halting production and sales of its flagship Galaxy Note 7 on Tuesday. The amount is calculated based on the lost sales of up to 19 million phones. This is more than triple the amount of $5 billion analysts expected Samsung to report in missed sales and recall costs, assuming that the company would recommence global sales of the product in the fourth quarter. Though the company would probably be able to absorb these costs as it has a market value of $235 billion and $69 billion in cash, it remains to be seen how this affects its brand value and the sales of its other smartphone models.
Tell me more: The product was launched on August 2 in New York and complaints of overhearing started emerging followed by reports of the devices catching fire. In September, Samsung recalled 2.5 million of Note 7s.
Why is it important? It’s 9% higher than last year, and comes on the back of good monsoon during the season. It will raise farm income, which drives a range of consumer products in India from white goods to automobiles. This follows two years of drought.
Tell me more: This season saw the rainfall well distributed across the country, India Meteorological Department said. This season saw farmers increasing area under cultivation - 4.4% higher than five year average for crops in general, and 37% higher for pulses.