What is it? The estimate, on the higher end, of black money, or money illicitly taken out of the India in 2014.
Why is it important? Curbing black money, both its movement and creation, has been an integral part of the Narendra Modi government’s propaganda. It was the reason initially furnished by the Prime Minister when he introduced demonetisation last year, before switching to the cause of a cashless economy. In 2014, the year the government came to power, there was also an illicit fund inflow of $101 billion (on the higher side).
Tell me more: Illegal fund flows from developing countries totalled $1 trillion in 2014, according to the watchdog, Global Financial Integrity, which came out with the study.
What is it? The estimated number of Aadhaar card numbers leaked through four government portals.
Why is it important? While the parent data governing agency, Unique Identification Authority of India (UIDAI), has maintained the information remains secure, studies such as this expose the gross mishandling by government agencies with access to Aadhaar data, which is set to become sensitive, that fraudsters would be eager to misuse. The debate around Aadhaar’s information security has become more intense as the Union government attempts to link it mandatorily with other key documents such as passports, PAN (permanent account number) cards, flight and train tickets, with implications such as enabling financial transactions with just an Aadhaar proof. The Supreme Court is hearing a PIL against why it should not be linked to PAN cards. The reasons against linking Aadhaar mandatorily are many. Read here and here.
Tell me more: The study by thinktank, Centre for Internet and Society, reveals Aadhaar details linked by the National Social Assistance Programme, National Rural Employment Guarantee Scheme, Chandranna Bima Scheme, Government of Andhra Pradesh and Daily Online Payment Reports of NREGA stand exposed. It says the UIDAI is ignoring the swathes of public disclosure of this data.
What is it? The number of new warehouses e-commerce giant Amazon plans to add in India.
Why is it important? The Flipkart competitor will double its storage capacity with this move. A few days back, Amazon chief Jeff Bezos reiterated he would continue increasing India investments, having committed to spend $5 billion.
Tell me more: The new warehouses would serve tier II and III cities, as the company looks to complete the last mile in the hinterland.
What is it? The average number of suicides by farmers each year since 2013.
Why is it important? The government informed the Supreme Court about the death toll. In 2015, this was 9.4% of all suicide victims as 8,007 farmer cultivators and 4,595 agricultural labourers took their lives. Two years of drought still continues to haunt farmers, with protests as recent as in April.
Tell me more: The Centre was furnishing the details in a case on minimum support price for agricultural produce and the inefficacy of crop insurance.
What is it? The value of a privately-monitored manufacturing activity index for the month of April.
Why is it important? The Nikkei Manufacturing Purchasing Managers’ Index by Markit stayed above 50, signifying expansion in the sector. It maintained the same level as in March with 52.5, making December’s contraction a distant memory. Growth in new orders led to the output increase.
Tell me more: It is in line with the government’s estimate of growth in output of eight core manufacturing sectors, released on Tuesday.
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