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News in numbers - August 2

Rs5,500 crore
That's the amount of outstanding contracts which are not fulfilled in the National Spot Exchange (NSEL)- which suspended trading in many commodity contracts disapproved by the government. The payment crisis brought back memories of similar event at Calcutta Stock Exchange in 2001. The core of the problem is that a spot exchange was not supposed to sell forward contracts, but NSEL was selling 21-day contracts, which were not approved by the government. The fear now is there are no underlying commodities to support the forward contracts. The shares of Financial Technologies Ltd and MCX Ltd- the two promoter group entities- fell more than 20% on Friday. On Thursday, the shares of FTIL fell by 64%. 

Rs72,000 croreCentral government along with four northern states (Haryana, Rajasthan, Delhi, Uttar Pradesh) have formed a National Capital Region Transport Corporation (NCRTC) which will built 381 kilometer long high-speed transport corridor that will connect three satellite towns- Alwar, Merrut and Panipat- with Delhi at an estimated cost of Rs 72,000 crore. The four states and centre have agreed to finish the project in five years time once the land is acquired. 

15 million homes
A survey has estimated demand of 15 million homes at a price range of Rs 4 lakh to Rs 10 lakh for people earning Rs 10,000 to Rs 25,000 per month. This works to Rs 9 lakh crore opportunity for real estate developers and Rs 7 lakh crore worth of business for home finance firms. 

1
Indian government has made only one removal request with Twitter in the six months ended June 2013. Twitter received a total of 60 requests, with Russia leading the race with 17 requests. India also requested less than 10 user information requests in the first half out of 1,157 request from all over the world. 

Rs 4That's the price at which M & B Switchgears Ltd is selling solar power per unit to bulk customers directly, breaking the conventional wisdom that solar power is costly than power sourced from thermal or gas powered power plants. At this rate, it is 20% cheaper that what the local power utility charges customers. A tax provision of accelerated depreciation benefit is making investment of Rs 7.5 crore per MW attractive for entrepreneurs. 

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