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Major News and Events of 01 January 2014

What Happened on 01 January 2014


Maruti's Sales Dipped Sharply in December 2013

Maruti Suzuki India, the largest car maker of the country reported a sharp fall in its total sales, a dip of 4.4%, in the month of December 2013 in comparison to same month last year. In December 2012, the total number of car units sold was 95,145. However, this December the number has come down to 90,924 units, a fall of 4221 units. Compact cars, Mid-sized Sedan, and Utility Vehicles of Maruti were the biggest losers, in terms of sales while comparing with the figures last year. The biggest loser in all the segments was SX4, the Mid-sized sedan, which saw a significant decline in sales – to the tune of 17.6%. Its sales went down this December from 329 units to 271 units during same period last year. Compact cars of MSI such as Ritz, Estilo, and Swift sold just 19,171 units during December 2013 as against 22,482 units during December 2012, a negative gap of 3311 units that is equivalent to a downward graph of 14.7%.

The figure is not altogether gloomy this December. They are some good news too. Domestic sales of Maruti increased by 5.5% in December 2013 over corresponding month last year. In December 2012, Maruti Suzuki India (MSI) sold 82,073 units. However, this December they increased the number to 86,613 units, an increase of 4540 units. MSI mostly sold mini-passenger cars, especially M800, WagonR, A-Star, and Alto. In fact, this is the segment that witnessed a growth of 16.7% in December 2013 over corresponding month last year. Sales jumped to 38,286 units this December from 32,797 units in the same period last year. Dzire, the compact sedan, posted the best result in terms of sales. It increased by an impressive 18%, with the sales touching 15,427 units, up by 2351 units this December in comparison to the same period last year. During December 2012, MSI sold 13,076 units. Vans – Omni and Eeco - the flagship brands of MSI posted an impressive 5.3% growth over last December. Sales of Utility Vehicles such as Gypsy, Grand Virara, Ertiga, etc. declined by 5.5%. However, biggest blow to the total sales of Maruti Suzuki India came from its Export Sales, which declined by 67% - from 13,072 units during December 2012 to a paltry 4,311 units during December 2013.

New Fastest ODI Ton

Corey Anderson of New Zealand has overtaken Shahid Afridi’s record of hitting fastest hundred in an ODI match. Corey has scored the ton in just 36 balls. Afridi earlier held this record, where he hit a ton in 37 balls. Due to heavy downpour, the 3rd ODI between New Zealand and West Indies was shortened to a 21 overs-a-side match. With the fastest ODI ton, the host team – New Zealand – blazed to 283 for 4 in just 21 overs. West Indies team’s captain Dwayne Bravo confessed that excellent batting of New Zealand caught them off guard. Crowd in Queenstown were awestruck with the young all rounder’s fiery hundred, which included 12 sixes and 4 fours. This ton broke Shahid Afridi’s 18 years old record. When Anderson was on crease, New Zealand’s score increased at a rate of 13 runs per over. In this game he scored 131 runs in just 47 balls and was unbeaten till the end of New Zealand’s innings. Along with Jesse Ryder he put on a massive 191 knock partnership score on board. Jesse Ryder also scored a ton – 104 – in just 51 balls. In fact, this was a comeback series for Jessy Ryder after a period of 2-year absence from international cricket. New Zealand was asked by West Indies to bat first after the later won the toss. At very beginning of the innings New Zealand lost their opener Martin Guptill for just 1. Brendon McCullum, Captain of the team, came one down and then set the momentum going with a breezy 33 runs from just 11 balls. After the captain’s dismissal it was Ryder who took over the responsibility and scored his half century in just 24 balls, with 4 sixes and 4 fours.  However, the impressive knock of Jessy Ryder was overshadowed by the brilliant battering of the ball by the now fastest ODI ton scorer Corey Anderson.

Crucial Seven Days Begin for AAP

The first 7-days of sitting in New Delhi Assembly has begun today. Chief Minister Arvind Kejriwal will get a seven-day period to prove that his party has the requisite numbers to continue governing of Delhi. They have to prove majority by 3rd January 2014. In a 70 member assembly, Aam Aadmi Party has 28 MLAs and is the second largest party in this fractured mandate. After BJP declined to form a minority government, the Lt. Governor asked AAP to form the government. Congress had given ‘unconditional’ support of its 8 MLAs to AAP for forming government. The magic number to form the government is 36 and the support of 8 Congress MLAs will give Aam Aadmi Party the required number. Congress now seems less enthusiastic in providing external support. After witnessing this, Mr. Kejriwal has already announced that he cannot promise a stable government for long and they are ready to face fresh elections. Kejriwal along with his 6-member cabinet was sworn in on December 28, 2014. Within 4 days of his swearing in ceremony, Chief Minister Arvind Kejriwal has already announced two of his party’s major promises – 700 litres of water to all households and 50% cut in electricity tariff rates. Aam Aadmi Party has named M.S. Dhir as their preferred candidate for the post of Speaker. On Friday, January 6, Najeeb Jung – the Lt. Governor – will address the house. On January 7 the house will discuss upon Jung’s address and then the session will come to an end.

AAP Delivers on Water and Power

Current Chief Minister of Delhi, Arvind Kejriwal, and his Aam Aadmi Party delivered their most important pre-poll promises. Within a few days after swearing in, Kejriwal not only announced free 667 litres of water per day to every household having metered connection but also slashed power tariff by 50%.

Subsidy on electricity bill will benefit around 2.8million to 3.4million households in Delhi. If rumored estimates are to be believed, it will cost the government Rs. 61 crores. This subsidy can be availed by those households whose electricity consumptions are less than 400 units per month.

In fact, Arving Kejriwal suggested audit of all the power companies operating in the national capital. He asked power companies in Delhi to file their objections against an audit. Objection can be filed till Wednesday. Tata power has welcomed the decision of cutting power tariff but also said the issue of audit is completely subjudice.

According to the new electricity subsidy plan of AAP government in Delhi, there are two kinds of tariff revisions, based upon units of power consumed:

a) If a household consumes anything from 0 to 200 units, the power tariff will be slashed from Rs. 3.90 to Rs. 1.95 per unit.

b) If a household consumes anything from 200 to 400 units, the power tariff will be slashed from Rs. 5.80 to Rs. 2.90 per unit.

This new electricity tariff rate will be effective from 1st January 2014, a New Year gift from AAP to the common people of Delhi.