Major News and Events of 01 October 2014
What Happened on 01 October 2014
During First Five Months of 2014-15 Fiscal Deficit Reaches 74.6 per cent
Modi woos US Investors
Indo-US Defence Cooperation Agreement extended till 2025
Train Accident in UP – 12 Killed and 45 Injured
Durga Puja is a Social Festival rather than a Religious one
Mary Kom wins Boxing Gold
Modi to Campaign for BJP Candidates in Maharashtra and Haryana from October 4
Life Saving Drug under free HIV/AIDS drugs programme unavailable for 3 weeks
Output of Core Sector Increases
US to Renew Science and Technology Agreement with India
India Secures first ever Asian Games medal in Women's Sailing Competition
Sarita Devi’s controversial loss in Asian Games Women’s Boxing Semifinal (60kg division) was not taken kindly by India. India protested against the decision awarded but the protest was turned down by World body AIBA's technical committee by saying the existing rules don’t have any provision of complaining against judges. Blas Iglesias Fernandes, chief boxing coach of India, said the decision against Sarita was predetermined.
India's Fiscal deficit for the full financial year of 2014-15 has already reached 74.9 per cent of the estimated budget in the first five months itself. Expenditure exceeded receipt by Rs 3.98 crore over the time period from April 1 to August 31. The total fiscal deficit has been pegged at Rs. 5.31 lakh crore for 2014-15 financial year.
PM Narendra Modi made all the right noises to attract foreign investment in India. Modi assured US business leaders about friendlier business environment and tax stability. He also pledged to make tax system of India simpler. Extensive use of technology has also been promised so that business houses can work efficiently and with less hassles. Government will act as a facilitator. Labour reforms and better infrastructure are also promised. Through 'Make in India' campaign, the Indian PM asked US businesses to come and manufacture in India with the assurance that manufacturing will be cheap and easy to perform.
Defence Cooperation Agreement with India has been extended by the US after a meeting between US and India. The pact was supposed to end on June 2015. Now, it will be extended to 2025. Before the summit-level talks with President Obama at the Oval Room, Indian PM had an extensive meeting with Chuck Hagel, US Defence Secretary, where Modi briefed him about raising the defence cap from 26 per cent to 49 per cent. Defence equipment makers of the US – Boeing and General Electric – had met Indian PM a day back and expressed their willingness to expand operations in India.
A tragic train accident claimed 12 lives and left 45 injured. Collision between Krishak Express (15007) and Lucknow Barauni Express (15204) took place in Gorakhpur’s Nandanagar railway crossing at around 10 pm on September 30, 2014. Exact cause of the accident is still unknown. UP Chief Minister Akhilesh Yadav announced Rs 50000 as compensation for injured persons and Rs. 2 lakh for the family members of the deceased.
President Pranab Mukherjee attended home at Kirnahar, West Bengal to celebrate Durga Puja, which he termed as a social festival rather than a religious one. After swearing in as President of India it is his third Durga Puja. On October 2, he is scheduled to offer floral tributes to Lal Bahadur Shastri and Mahatma Gandhi.
Mary Kom, Indian Woman Boxer in 48-51kg Fly division, won Gold Medal. Indian Women’s Hockey team won bronze by beating Japan 2-1. In 800m women’s final, Tintu Lukka won bronze and finished race at a time of 1:59.19s. In protest of her controversial defeat in the semi-finals, boxer Sarita Devi refused wearing the Bronze medal.
Indian PM Narendra Modi will hit the campaign trail from October 4 in Haryana and Maharashtra. Two of the main focuses of the party during campaign will be development and good governance. Modi will be campaigning for BJP candidates in both the states from October 4 to October 13.
Due to bureaucratic bungling, the life saving free HIV/AIDS drugs in a life saving government programme will be unavailable after three weeks. This means over 150,000 HIV/AIDS sufferers will not be able to get the critical medicine for a month. National AIDS Control Organisation (NACO) is scrambling to get tenofovir/lamivudine tablets because of delay in approving concerned tenders.
Output of core sector industries increased to 5.8 per cent from a mere 2.7 per cent in July. Official data also shows that this spurt in output has become possible due to expansion in electricity generation, cement, coal, and steel. During August 2013-14, the core sector output was 4.7 per cent.
Science and Technology
United States President Barack Obama has assured Prime Minister Narendra Modi of renewing Science and Technology Agreement for exploring innovative technologies. The scientific and technological cooperation has been regarded as one of the main pillars of the strategic partnership between Indian and US in the joint statement released by both countries.
India won its first ever medal in sailing competition for women at Asian Games. In 29er women's two person dinghy event at Incheon, Varsha Gautam along with crew Aishwarya Nedunchezhiyan secured third place, by winning a bronze.