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Major News and Events of 03 October 2012

What Happened on 03 October 2012


LPG prices may vary every month

The fluctuations in the global energy prices will be borne by the consumers with reductions in the retail sale price of the regular domestic non-subsidized LPG cylinders.The present prices of the non-subsidized non-domestic LPG cylinder are: Rs.913 in Kolkata, Rs.894 in Mumbai, Rs.883.50 in Delhi and Rs.877.50 in Chennai. Any increase or decrease in the LPG prices in the international markets would be passed to the consumers by the oil companies. This was stated by the Indian Oil Corporation's director M. Nene. He further specified that although the government has curtailed the supply of subsidized domestic LPG cylinders to six of 14.20 kg per annum, there is no cap on the number of non-subsidized cylinders.Exemption has also been granted on customs and excise duties on non-subsidized LPG cylinders so that the domestic consumers have to pay less. The oil companies under new scheme will announce monthly prices of non-subsidies 14.20 kg domestic LPG cylinder.

Gujarat to vote in December, Himachal in November

The eagerly awaited Gujarat elections is scheduled on Dec 13 and 17 while Himachal Pradesh will vote on Nov 4 in a direct tussle between the ruling BJP and the Congress.As per Chief Election Commissioner V.S. Sampath 37.8 million voters choose a 182-seat house in Gujarat. Himachal Pradesh's 68-member assembly will be elected by 4.5 million voters.The results will be revealed on Dec 20.The Gujarat elections is believed to have a strong impact not only on the political future of Chief Minister Narendra Modi but also the Bharatiya Janata Party with the next Lok Sabha election due in 2014. Modi's supporters believe he is a strong contender for the party's prime ministerial candidate if he can direct BJP to power for a third time in a row whereas a defeat will be a setback both for the BJP and Modi.Both states are ruled by the BJP where the Congress would like to come to power.

Parekh panel asks for 100 percent FDI in Telecom

The committee on infrastructure financing headed by HDFC chairman Deepak Parekh on Wednesday submitted its report to the government asking for 100 percent foreign direct investment (FDI) in telecom, privatizing state-owned monopolies and raising electricity charges and rail fares. Further measures suggested by the committee includes enhancing the regulatory framework in infrastructure, clarity on taxation issues such as anti-tax avoidance rules, and speed up land acquisition and environmental clearance so that there are more investments in the infrastructure sector. The committee projected investment to the tune of Rs.51.46 lakh crore in the 12th Plan period (2012-17)and the private sector share at 47 percent which was 37.53 per cent during the 11th Plan.Sector wise suggestions made by the committee were:Telecom: FDI increase to 100 percent, regulatory uncertainties related to allocation to be removed, pricing and sharing of the spectrum allotted in the pastPower: Tariff rationalization, revision of standard bid documents, allowing import of coal through STC/MMTC or directly through power producers Roads: Forming expressway authority, speed up institutional restructuring of NHAI Railways:Passenger fares rationalization, encouraging PPPs in various sectors of railways Airports: Expediting award of green field airport in Navi Mumbai, Goa, Kannur and Chandigarh in this year Ports: Speed up awarding of projectsRole of IIFCL: Guarantee operations which would ensure non-Bank long term credit for infra projects, especially insurance and pension funds.

Akram puts blame on Dhoni's selection policy

Former Pakistan cricket captain Wasim Akram criticized Mahendra Singh Dhoni's selection policy for India's failure in the World Twenty20. He said that the team was not a balanced one and was surprised why Harbhajan Singh was left out against South Africa who cannot play spin well.Akram also questioned why Lakshmipathy Balaji was allowed to bowl the last over against South Africa. He said that there were many areas in which India needs to look into. He said that though India had the strongest batting lineup they should not be expecting Zaheer Khan or a Balaji to win a tight match often. Allowing Balaji to bowl the last over against South Africa was disastrous as he being a comeback bowler may not have the confidence to pull out the match in a tight situation.Akram also said he thought Zaheer should not be playing all forms of the game.

'Tata Birla' not meant to disrespect anyone: Prakash Jha

Filmmaker Prakash Jha, who is all set to launch his film, "Chakravyuh", stated that the song "Tata Birla Ambani aur Bata" is in no way meant to disrespect anyone and that there is a disclaimer also put into the song. The song is based on how people in the villages think about Tatas and Birlas when they think of industrialists. The movie revolves around the Maoists in the country and stars Arjun Rampal, Manoj Bajpayee, Abhay Deol, Isha Gupta and Anjali Patil and is a story about two friends who are caught up in a situation due to their beliefs.The film will release on Oct 24.

Petition seeks action against Google on anti-Islam film videos

The Delhi High Court reserved its order on a plea which sought for directing the central government to act against Google India as it had not removed the videos of controversial anti-Islam film "Innocence of Muslims" from YouTube.A group of lawyers filed the petition who sought"direction against the respondents (the government, Google India and YouTube) to completely remove and block the links of the entire movie/trailers 'Innocence of Muslim' and all the clips emanating from the movie up-loaded on YouTube, owned by Google and shown in India".It was also argued that Brazil, Argentina and Russia had banned the film and removed the video clips from the site.The government on its part informed the court that 157 URLs were blocked and that the petitioner should provide the link then action would be taken.