News in numbers | ISIS richest terrorist organisation in the world, with $2.4 billion of revenue3 min read . Updated: 03 Jun 2016, 01:25 PM IST
In other news, a special court on Thursday found 24 people guilty in connection with the 2002 Gulbarg Society massacre case
What is it? The number of people convicted of murder and other charges in the 2002 post-Godhra Gulbarg society massacre by a special designated court on Thursday.
Why is it important? This brings justice to one of the series of riots that broke out in Gujarat in 2002. In this attack, which came a day after 60 Hindu pilgrims were killed in a train-burning incident, 69 Muslims were murdered.
Tell me more: Of those convicted, 11 were found to be guilty of murder, while the rest for lesser charges. The court acquitted 36 defendants, while four of the accused died while on trial.
What is it? The amount taxi-hailing app Uber has raised from Saudi Arabia’s sovereign wealth fund.
Why is it important? This is the company’s single biggest investment and the largest single investment in a start-up. The San Francisco-based company now has $11 billion on its balance sheet to take on its rivals—Lyft in the US, Ola in India and Didi Kuaidi in China (it is also close to raising $3.5 billion). Meanwhile, Ola has raised $1.18 billion so far with the latest funding of $500 million in November 2015. Uber, which could have raised a similar amount via a public listing, has been criticised for raising money from a wealth fund of a politically repressive regime.
Tell me more: With this, Uber has raised $13.5 billion (including convertible debt) so far and Saudi Arabia’s sovereign wealth fund gets a 5% stake in the company. This also indicates how Saudi Arabia plans to reduce its dependence on oil for revenues.
What is it? The number of internet users in India in 2015, a 40% growth from the previous year, according to the Mary Meeker 2016 Internet Trends report.
Why is it important? India has overtaken the US to become the second largest country in the world in terms of internet users (after China) and it is the only country where the growth rate of the number of internet users was higher than the previous year (33%). However, tech start-ups are still struggling to make money, indicating that the users are still not ready to spend much money on the web.
Tell me more: Online retail sales in April were lower than that in December 2015, a first-time occurrence in many years. New rules by the Indian government prohibiting online marketplaces from influencing the prices of products online could have had an effect on e-commerce companies.
What is it? The revenue of terror group ISIS in 2015, a drop of $500 million from the previous year’s estimate, according to the Center for the Analysis of Terrorism.
Why is it important? ISIS retains the tag of being the richest terrorist organisation in the world, despite US bombing its oil fields. The group compensated for the loss in revenue from oil by increasing tax rates for the 8 million people it controls. The share of oil revenue fell from 38% to 25% in 2015, while that of taxes went up from 12% to 33% last year.
Tell me more: Terrorism expert Jean Charles-Brisard, one of the authors of the report, has expressed surprise at the fact that the UN Security Council has not laid a formal embargo that would punish countries that continue to buy goods, including cement, oil and wheat from ISIS territory.
What is it? The percentage of e.coli-infected ice cubes in Mumbai hotels, eateries and juice centres found in the samples examined by Mumbai’s governing civic body.
Why is it important? The bacteria can cause health problems, including severe gastroenteritis (inflammation of the gastrointestinal tract), diarrhoea, vomiting and food poisoning.
Tell me more: The survey included 552 shops and 2,995 street vendors. Around 7,500 people died from consuming contaminated food in 2014.
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