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News in numbers June 29, 2013

$ 172 billion (or Rs 10,14,800 crore) is the amount of debt India has to repay by in less than nine months
Short term debt maturing in less than one-year increased by three-fold since 2008, raising concerns that if non-resident Indians start withdrawing their deposits it will lead to crunch situation to meet the external obligations.

Rs 6.4 per unit will the cost of power in gas-powered units after the government doubled natural gas prices to $ 8.4 per mmBtu
The Hindu reports the current cost of production at Rs 2.93 per unit. The new price will come into effect only from April next year. Unless the government passes on the higher energy bill to fertilizer and power consumers, India's budget deficit will increase correspondingly. Though government will get higher share of taxes and revenue share from gas production.

Rs 1.82 is price increase per litre of petrol effective from June 19, 2013 
This month alone the petrol prices were hiked thrice, increasing the prices by Rs 4.57 per litre. Spot prices of brent crude oil barely increased by $ 1.9 per barrel in the last one month. So the falling Rupee against the US dollar is the reason this time.

Rs 150,000 crore is the amount of PPP infrastructure projects to kick off in six months
That's what Prime Minister Manmohan Singh wants to do. With less than one year before the general elections, he wants mega PPP infra projects- which were stuck for many year- to start the work and invest.

Negative Rs 2,136 crore is the corporate tax collected in April 2013
Higher refunds accounted for this negative tax collection from corporate sector. All other tax collection numbers in the first two months are not showing signs of buoyant growth.



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