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News in numbers - July 3

100%
is the amount of equity foreign telecom companies can have in Indian operations. Telecom Commission, the highest decision making body in telecom ministry, recommended this. Only 49% foreign investment will be under automatic route. Prior approval is needed to increase beyond that. 

67,787
is the number of cases pending in the Supreme Court as on May this year. More than 33 million cases are pending in India's court system. Not enough judges is one of the reasons. India has 10 judges every 1 million population, as against accepted norm of 50 per million. 

$3.7 trillion
will be the total Information technology spend this calendar year, representing a growth of 2.1%. Gartner had earlier predicted it at $ 3.8 trillion. Higher global spend is crucial for India's $ 100 billion software IT industry which employs 2.8 million people. 

11,000
State-run Food Corporation of India (FCI) will hire 11,000 people to operationalise National Food Security Law, which aims to provide food grains at low cost to 67% of India's population. This would mean FCI has to procure an additional 63 million tonnes of grains annually. 



176,031
is the number of cars sold by car makers in June this year, as compared to 187,386 in year-ago period. Slower growth is putting pressure on car makers even as deprecating Rupee meant import of auto components costlier. 

Note: Click on the numbers to see the article from where it's sourced. 


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