News in numbers | China drops one-child policy, allowing families two children3 min read . Updated: 30 Oct 2015, 01:23 PM IST
India has highest number of TB cases at 2.2 million
What is it? The amount of credit grant at concessional rates to be given by India to Africa over a period of five years.
Why is it important? It is a step forward in Indo-African ties and a way to regain India’s lost influence in the resource-rich nation even as China’s dominance continues to grow there. Between 2000 and 2013, China provided $95 billion in aid and other official financing to Africa, according to US-based research project, AidData.
Tell me more: India has also announced a $600 million grant aid to Africa, which includes an India-Africa Development Fund, India-Africa Health Fund and 50,000 scholarships for African students in India. Since the first India-Africa summit in 2008, India has given $7.4 billion in soft loans and $1.2 billion in aid.
What is it? The number by which China’s working-age population came down in 2014. It stood at 916 million.
Why is it important? It’s the third decline in three straight years, and demographers say this trend is expected to accelerate. It’s among the reasons why China dropped its one-child policy and made it into maximum two-child policy. The reduction in the working age population would be a barrier in economic and social advancements even as China tries to battle a slowing economy.
Tell me more: The Asian country’s one-child policy is estimated to have prevented 400 million births. Those who went against the law were subjected to a variety of punishments.
$500 million-550 million
What is it? The estimated combined losses of India’s airlines in 2015-16, according to consultancy Centre for Aviation (CAPA).
Why is it important? It has actually come down from June’s estimates of $680 million-750 million. Trimming down of losses could spell good news for the aviation sector, which has an industry-level debt of $11.3 billion. Better financials would mean better means of raising funds, which in turn could translate to better fares and services for passengers. However, it’s not clear how long this could last, because it’s primarily driven by lower fuel costs.
Tell me more: Indigo is the only major airline in India to consistently post profits. After Indigo’s recent listing on the bourses, CAPA says GoAir might follow the lead in 2015-16. Low-fare airlines such as Indigo, GoAir and Spicejet are likely to increase their combined profits to about $300 million from $200 million-220 million, while Air India would post losses of $750 million-800 million in the current financial year.
What is it? The number of tuberculosis (TB) cases reported in India in 2014, the highest in the world.
Why is it important? This is nearly a fourth of the total TB cases reported worldwide. The disease is estimated to kill 300,000 Indians annually, which is one death every two minutes. Besides the loss of lives, TB causes an estimated economic loss of $43 billion and a loss of 100 million productive days annually.
Tell me more: The good part is there was a 29% increase in notifications of cases in 2014 after the government made it mandatory to report TB cases in May 2012. Most often, lack of proper data makes it difficult to assess the gravity of the situation to take adequate steps to address various issues.
What is it? The number of sheets an abridged prospectus should contain when companies file for initial public offerings (IPOs) from 1 December 2015.
Why is it important? It’s good for retail investors, who have to otherwise wade through 400-500 pages to find the key information. The abridged prospectus should contain all the important and relevant information an investor would look for while considering buying shares of the companies going public. The question though is whether reading these five pages will lead retail investors to believe they have read it all.
Tell me more? The abridged prospectus is to be printed in the form of a booklet, the size of an A4 sheet with information given in tabular format as against running text.
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