Home >politics >policy >News in numbers | Vedanta Group cuts 4,000 jobs in India since January


The number of jobs Vedanta Group has slashed in India since January due to lower commodity prices and subdued market sentiment. Of these, 67.5% are direct jobs while the rest are indirect. The job cuts have been effected at four of its group companies—Vedanta Aluminum (2,000 jobs cut), Balco (1,000), Sesa Goa and Cairn India (450 each). The metals and mining conglomerate has 69,000 direct and indirect employees. The revenue of the group in 2014-15 stood at 73,364 crore, up by 1% from the previous financial year. The group’s earnings before interest, tax, depreciation and amortization (EBITDA) declined by 13% in 2014-15 year-on-year.


The number of acres of land that Coal India Ltd (CIL) said it will need to acquire in the next five years to open new coal mines and expand existing mines, so as to meet its production target of 908 million tonnes by 2019-20. Further, the capital needed for such expansion—at around 60,000 crore—had risen sharply due to the increased costs of acquiring such land and rehabilitating those who lived on that land. Cost of acquiring land for industry has risen in recent years due both to increased opposition from local populations, and because of legal changes requiring better rehabilitation and resettlement of people from whom land is taken.


Number of people whose statements were recorded by Justice (retired) Vishnu Sahai to prepare his report on the 2013 Muzaffarnagar communal riots. Of these, 101 were officials and the rest common people. Though the contents of the report are not officially released, a media report indicates that the local members of the Samajwadi Party and the BJP have been indicted. The one-man commission has also charged senior police and administrative officials posted in the district for lapses that led to the violence. As many as 60 people were killed and around 50,000 were rendered homeless in the Muzaffarnagar riots. The report was submitted to the Uttar Pradesh governor on Wednesday. A special investigation team probing the riots had said recently that it had completed the investigation of 503 cases out of 510. Over 1,400 people involved in the riots were arrested.

53.92 crore

Losses incurred by the Maharashtra State Road Transport Corp. (MSRTC) between April 2014 and March 2015. Between January 1, 2013 to January 30, it earned 267.9 per commuter; Overall, it earned 468.87 crore and transported 1.75 crore people in this period. The state transport minister blamed illegal operators such as six-seater auto-rickshaws, jeeps and mini-trucks for the losses. He also said due to the condition of the roads, the maintenance costs increase, putting pressure on MSRTC’s finances. India’s public sector bus transportation network carries 30 billion passengers every day. In 2013, the country’s 38 state road transport undertakings posted a cumulative loss of 6,719.17 crore. Only two state-run networks made a profit: Odisha State Road Transport Corp. and Karnataka State Road Transport Corp.


The share of the number of people who did not receive any kind of vocational training, according to data released by the National Sample Survey Office (NSSO) from its 2011-12 round on education and vocational training. In other words, only one out of every 10 adults received vocational training, most of them informally. Among people aged 15-59 years, about 2.2% received formal vocational training while 8.6% received non-formal vocational training. This kind of training includes passing down of hereditary skills and on-the-job learning. While ‘driving and motor mechanic work’ was the most preferred kind of training among rural males, ‘computer trades’ was the top pick for urban males. Among rural females, ‘textile related work’ was the most popular while urban females chose ‘computer trades’. The NDA-led government recently launched a Skill India mission where it has set targets to impart skills to 40.2 crore workers by 2022.

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