Major News and Events of 04 April 2016
What Happened on 04 April 2016
India witnesses an investment of $25 million by Xiaomi
Central govt. employees instructed to declare assets by 15 April
Mehbooba Mufti to take oath as J&K CM today
Nirmal Singh, son of a security aide of erstwhile Maharaja Hari Singh of J&K has taken the oath as the deputy chief minister of Jammu and Kashmir for the second time. He holds a doctorate degree in history and was the unanimous choice of BJP for the coveted post of J&K deputy CM when both BJP and PDP decided to forge an alliance in 2015.
Chinese Electronics Company, Xiaomi has chosen to invest in India, leading a $35 million funding round into Indian company called Hungama Digital Media Entertainment- an aggregator and publisher of entertainment content on the internet. Xiaomi will be investing along with Hungama’s current investors namely Intel Capital, Bessemer Venture Partners and Rakesh Jhunjhunwala. Plus, it will be picking up a minority (undisclosed) stake in Hungama Digital Media Entertainment.
As expected under the Lokpal Act, all central government employees have been instructed to fill details of their assets and liabilities, including those of their spouse and dependent children, for the past two years by 15 April 2016. All employees are required to offer details of deposits in foreign bank accounts, expensive paintings, furniture, antiques, movable assets, electronic equipment, insurance bonds, shares and mutual bonds etc.
Daughter of former Chief Minister of J&K, Mufti Mohammad Sayeed, Mehbooba Mufti is scheduled to take the oath of office at Raj Bhawan in Jammu at 11:00 a.m. PDP President Mehbooba Mufti would be sworn in as the first woman Chief Minister that heads a coalition government with BJP in the only Muslim-majority state.