News In Numbers: Army finalises Rs15,000 crore ammunition production project3 min read . Updated: 14 May 2018, 05:08 PM IST
In other news Over 40 people killed in Sunday's lightning storm, Dena Bank widens Q4 loss at Rs1,225 crore
What is it? The size of a project reportedly finalised by the Indian Army under which a range of ammunition will be produced indigenously for critical weapons and tanks.
Why is it important? This is said to be India’s biggest initiative to indigenise ammunition, thereby tackling delays in imports and shortages in stockpiles. In a July 2017 report, the Comptroller and Auditor General of India (CAG) report said the Army’s ammunition will not last for more than 10 days in a war and that the military does not have the minimum required stock of 55% of the 152 types of arms it uses for operational preparedness in case of a war.
Tell me more: The project, which would involve 11 private firms, would create an inventory for all major weapons that would prepare the Army to fight a 30-day war.
What is it? The number of exit polls of eight major ones that predict BJP to win the largest number of seats in Karnataka, ahead of the Congress.
Why is it important? However, of these, just one has predicted a simple majority for the BJP, while the rest indicate a hung assembly. If these hold true, then Janata Dal (Secular), whose leader said the party expects a possibility of forming the government, could emerge as kingmaker. However, exit polls have often gone wrong in the past; Karnataka’s exit polls carry risks such as hurried calculations in a single phase election, besides the methodology adopted by the agencies.
Tell me more: If BJP wins in Karnataka, it would be in power in 23 states and potentially boost the party’s prospects in the 2019 general elections. As for Congress, it would be able to retain one of the four states it is in power currently and check the BJP juggernaut.
What is it? The number of deaths due to severe storms reported in Uttar Pradesh, West Bengal and Andhra Pradesh on Sunday. More thunderstorms, with wind speeds reaching 50-70 kmph, are predicted over the next two days.
Why is it important? The month of May has been brutal. On 3 May, 124 deaths were reported due to thunderstorms in UP and Rajasthan. And, on 10 May, another 11 people died in northern India, taking the tally to 135. The maximum number of deaths have been reported in UP: the state’s death toll was above 70 till Sunday, when 21 more people died.
Tell me more: In 2017, 2,057 people died due to natural disasters, according to a ministry of home affairs annual report.
What is it? Dena Bank’s net loss in the fourth quarter of 2017-18, compared with a net loss of Rs575 crore in the same period a year ago.
Why is it important? The Reserve Bank of India has barred the bank from lending further and hiring personnel in view of its weakening financial health. On an annual basis, Dena Bank posted a net loss for the third year in a row and its gross non-performing assets (NPAs) hit a high of 22.4% of gross advances in the quarter. The government is considering issuing provision shore-up certificates to banks to deal with increasing provisioning against bad loans.
Tell me more: On 17 May, the finance ministry will reportedly meet 11 banks that are under the central bank’s prompt corrective action framework to check their progress on reforms and seek accountability for the capital provided to them.
What is it? The number of points that Manchester City finished with in the 2018 English Premier League.
Why is it important? Heading into the last league match of the season, City needed to beat Southampton to become the first club in the 20-team EPL to hit a century. They did so, but only in stoppage time. For the season, City finished with 100 out of a maximum 114 points.
Tell me more: In other significant outcomes from the final day, Liverpool qualified for the Champions League; Chelsea didn’t and is likely to sack its manager Antonio Conte. And Arsenal Wenger signed off from Arsenal with a win.
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