Home >politics >policy >News in numbers | Assam floods affect 1.2 million people

0.5 times

What is it? The revenue multiple at which Flipkart bought online retailer Jabong. At $70 million, the buy price is about 50% of Jabong’s revenues.

Why is it important? The fashion and apparel segment is most profitable among all online segments. In addition, Jabong has reported gross profit margins. The deal is also an indicator of the valuation of firms in fashion e-tailing sector. In 2014, Flipkart bought Myntra for about $300 million.

Tell me more: Once the deal is through, Flipkart will secure more than 50% market share in online fashion and apparel market in India. Amazon is also actively pursuing this space.

1.2 million

What is it? The number of people affected by floods in Assam due to overflowing of the state’s main river Brahmaputra.

Why is it important? The situation has become worse in the last two days with half of Assam’s districts affected. Nearly 1.27 lakh people have moved into 322 relief camps in 19 districts so far, and 10 people have lost their lives.

Tell me more: 60% of Kaziranga National Park, which houses one-horned rhinoceroses, is submerged because of floods. This has pushed the rhinoceroses into high grounds where they are vulnerable to poaching.

1.02 trillion

What is it? The amount of additional money the government will spend this fiscal to implement the Seventh Pay Commission recommendations for Central government employees.

Why is it important? This additional money in the hands of around 3.1 million employees will spur demand for consumer facing industries like cars, two-wheelers and durables. The top 25 cities will account for 38% of salary gains from implementing the pay commission recommendations.

Tell me more: Though the pay commission recommendations are restricted only to Central government employees, the state governments will also be forced to increase salaries over the next two years.

600 crore

What is it? The amount the government paid to external lenders between 2009-10 and 2014-15 for unused credit line as commitment charges.

Why is it important? This could have been avoided with better debt planning, according to the Comptroller and Auditor General (CAG). India’s external debt—at $474 billion by the end of 2015—around this period was the second highest among the Asia Pacific countries.

Tell me more: While external debt has grown, India (at 23%) also has among the lowest external debt-to-GDP ratios among emerging economies

2

What is it? The potential jail term for those who employ children, according to changes in the child labour law.

Why is it important? This is more stringent than the existing penalty for the violations, and might help bring down child labour and, along with Right to Education initiatives, increase enrolment in schools. At the same time, the new changes allow children to work for their families and have brought down the number of banned occupations for adolescents. United Nations has warned it could adversely impact backward caste and tribal population.

Tell me more: The Child Labour (Prohibition and Regulation) Amendment Bill passed in Lok Sabha on Tuesday increased the jail term for offenders to six months to two years and or a fine of 20,000 to 50,000. Imprisonment can go up to three years for a second-time offence.

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