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News in numbers - July 20

Rs 93,066 crore
That's the amount of cash Reliance Industries Ltd has in its book. In the just concluded quarter, RIL earned Rs 1,628 crore as interest income- accounting for 30% of its net profit. At the same time, the company also has Rs 80,307 crore of debt and incurred Rs 810 crore as interest expenses. Though the debt is only 14% lower than cash, the interest expenses is 50% lower than what RIL earned from its cash holdings. The reason could be $ 12 billion foreign currency denominated debt borrowed at low rates. But falling value of rupee could erase the gains.

3.2%is the level of unemployment among Muslims living in rural areas. In the five-year period (2004-05 and 2009-10), joblessness fell from 4.1% among rural Muslims. But in urban areas, unemployment among Muslims is much lower at 1.9%. Hindus, who occupy more than 80% of India's population, have the lowest unemployment in both urban and rural areas. Sharpest drop in joblessness is experienced by urban Christians from 8.6% in 2004-05 to 2.9% in 2009-10. Unemployment among urban Sikhs is the only category to show increase in the five-year period. 

14%Ever wondered why political parties field criminals and wealthy candidates. Two papers (click here and here) says candidates with criminal record have better chance (14%) to win as compared to other candidates (6%). And candidates with criminal record tend to contest from constituencies with higher percentage of poor and illiterate voters. In 34% of constituencies, the candidates with highest declared votes win the elections. Now we could understand why political parties disagreed with recent Supreme Court judgement banning tainted candidates from contesting elections. 

10.03%
Of the 27,556 candidates who appeared in final exams (both groups) conducted by the Institute of Chartered Accountants of India (ICAI), only 2,764 candidates (or 10.03%) passed - making this it one of the toughest exams to pass. 

Rs 1,000
That's the amount paid to majority of 2.7 million cooks who work in more than 1.2 million schools in India. A major demand for these cooks who implement government's mid-day meal scheme is job regularisation. Tamil Nadu is the only state which recognises them as permanent government employees and pays Rs 5,000 per month. 

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