The week in 5 graphs | Queen Elizabeth II dies, debt traps via instant loan apps and more

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Here are 5 charts that will help you understand some of the key stories from this week

Here are 5 charts that will help you understand some of the key stories from this week

(1) Queen Elizabeth II, UK’s longest-serving monarch, dies

Britain’s oldest reigning monarch, Queen Elizabeth II, died on September 8 at the age of 96. His death at his Scottish estate, Balmoral Castle, was announced by Buckingham Palace shortly after 6 p.m. Thursday evening. With the death of Queen Elizabeth II, her son Charles automatically becomes the new monarch. The Queen was the head of 14 Commonwealth countries, including Australia and New Zealand. She had been a ubiquitous figure for an entire generation, especially in Britain, given the length of her reign.

The following graphic is a timeline that offers a concise summary of the late Queen’s life.

(2) The fatal lure of instant loan apps

Several Indians have taken their own lives due to harassment by debt collectors from unregulated digital loan apps mostly linked to China-based entities. Survey agencies are now cracking the whip on such apps that lure customers into debt traps by offering quick loans. To combat the threat of illegal loan applications, the RBI has been asked to prepare a ‘white list’ of legal loan applications and the Ministry of Electronics and Information Technology (MeitY) has been tasked with s ensure that only these apps are available on the app stores. The following series of graphs explores the scale of the problem by showing the number of complaints received by the RBI regarding suspicious loan applications. It also details how lending apps leverage critical phone features.

(3) Mass shootings in the United States are rampant

A total of 17 people lost their lives and 54 were injured due to multiple mass shootings across the United States from September 3, 2022 to September 5, 2022, according to Gun Violence Archive. As of September 8, 2022, there have already been 468 mass shootings, killing 479 people. The following series of graphs displays the number of people killed by state in 2022, followed by an overview of mass shootings in the country from 2016 to 2021.

(4) Job creation is one of the Centre’s top priorities: FM

Inflation is no longer a “red lettered” priority for the government as it has been brought down to a “manageable level” over the past two months, Finance Minister Nirmala Sitharaman said on Wednesday, noting that rather, job creation and the equitable distribution of wealth were the main priorities from now on. In August 2022, the unemployment rate reached 8.3%, according to the Center for Monitoring Indian Economy. The following chart explores monthly unemployment rates from January 2016.

India ranks 132nd in UNDP’s Human Development Index

India ranks 132nd out of 191 countries in the 2021 Human Development Index (HDI), after recording a decline in its score for two consecutive years for the first time in three decades. India’s HDI score fell from 0.645 in 2020 to 0.633 in 2021. The graph below shows the evolution of HDI scores of India and its neighboring countries over the past 10 years.

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