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What is it? Tata Motors’ rank in research and development (R&D) spend among 2,500 companies analysed by the European Commission.

Why is it important? Tata Motors is the only Indian firm among the top 50 companies in the latest annual Industrial R&D Investment Scoreboard. It has moved up from the 104th position last year. It also recorded the largest increase in R&D investments among the top firms, though most of this R&D is at its UK subsidiary, Jaguar Land Rover.

Tell me more: The top five ranking companies are Volkswagen, Samsung, Microsoft, Intel and Novartis. There are 26 Indian companies in the list of 2,500 firms compared to 829 companies from the US, 360 from Japan, 301 from China, 114 from Taiwan, 80 from Switzerland and 27 each from Canada and Israel.

0.7%

What is it? General insurance penetration, or insurance premium as a percentage of national income, in India in 2014-15.

Why is it important? It has come down from 0.80% in 2013-14 despite an increase in per capita premium. Reflects corporate underperformance with respect to GDP growth rate. While GDP grew by 7.3% in 2014-15 compared to 6.9% the previous fiscal, corporate executives have said they don’t see that reflecting in their revenue and other metrics. According to Universal Sompo General Insurance executive chairman O.N. Singh, the decline in general insurance penetration has also been because “some products like health insurance have been taken away by the life insurers".

Tell me more: The general insurance density (per capita premium) increased to 686 in 2014-15 from 664 in the previous fiscal.

1,719 crore

What is it? The amount 1,181 companies listed on the BSE have spent towards healthcare and sanitation for corporate social responsibility (CSR) activities in 2014-15, according to a report. This included conducting of health camps, construction of medical facilities, building toilets and provision of safe drinking water.

Why is it important? This is 27% of the total amount spent by these companies on CSR initiatives. This partly explains the performance of Swachh Bharat and Swachh Vidyalaya. Work has commenced in building nearly 20 lakh toilet seats (includes individual household toilets, community toilets and public toilets) in addition to the 6.2 lakh toilet seats built up to October 2015.

Tell me more: The CSR spend by the 1,181 companies amounted to 6,400 crore in 2014-15. India legislated that certain classes of companies (subject to some criteria) have to spend at least 2% of their three-year annual average net profit towards CSR activities.

$238 million

What is it? Box office collections of Star Wars: The Force Awakens over the weekend in the US and Canada.

Why is it important? It is the highest-ever in Hollywood’s history, beating the previous record of $208.8 by Jurassic World (released this June) in its first weekend. Its estimated worldwide ticket sale was $517 million until Sunday, just $8 million short of Jurassic World’s global sales (including China) in its June opening. However, the latest Star Wars movie will be released in China, the world’s second-largest movie market, only on 9 January. This makes it a likely contender to be the highest-grossing movie of all time. Avatar is the current record-holder with $2.8 billion worldwide after its December 2009 release.

Tell me more: Star Wars: The Force Awakens is the seventh instalment in the science-fiction franchise created by George Lucas in 1977 and is a battle between the good and evil in a faraway galaxy.

1.2%

What is it? The error percentage in revenue forecast by the Indian government between April-September 2015.

Why is it important? It is significantly less than the error percentage recorded in the first half of 2014-15—16%. And, the forecast error this year is also “less than 20% of the average for the last few years in all categories". Better revenue estimates help the government plan their policies better and have an effect on its budgetary targets for the financial year, which are usually slashed at the end of the year due to errors in revenue estimation.

Tell me more: In the first half of 2014-15, the government over estimated its tax revenues by 1,05,000 crore.

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