Major News and Events of 05 February 2014
What Happened on 05 February 2014
Modi holds rally in Kolkata
Government could not table the anti-communal violence bill
Increasing cap on subsidized LPG cylinders to be credit negative for OMCs
Viswanathan Anand finishes 5th in the Zurich Chess Challenge
Satya Nadella is the CEO of Microsoft, Bill Gates resigns as the chairman
The Delhi Government will be filing an appeal against the acquittal of seven persons in the 2008 cash for vote scam. Among the seven accused are Amar Singh, Sudheendra Kulkarni as well as 3 BJP leaders by a trial court in the 2008 cash-for-vote scam. Manish Sisodia informed that the Delhi government looked into the details of the order by the trial court. It was then decided that appeal should be filed against the verdict in the Delhi High Court. Sisodia also specified that Special Public Prosecutor and law officer have said that a critical point was missed in the case. The minister also stated that this scam was a black mark on democracy. The accused have got relief from the trial court on the grounds that the evidences did not have enough ground so that the case could not proceed further. Case was only carried further for Sanjeev Saxena, former aide of Amar Singh under section 12 of Prevention of Corruption Act. The cash-for-vote scam entails to the incident during the trust vote session on July 22, 2008 in the Lok Sabha when the Left Front has withdrawn support to the UPA-I government. The BJP MPs have displayed currency notes in the Parliament. Amar Singh and spent 49 days in jail while Sudheendra Kulkarni spent 52 days in jail before being released on bail.
BJP prime ministerial candidate today had a rally at Brigade Parade Ground in Kolkata where people have assembled in large numbers. Modi hit the third front directly and stated they would make India a third rate country. He also stated that whenever there are elections the third front emerges and talks about secularism and that they have reduced the Muslims into a vote bank. Modi also asked the people of Bengal to do an experiment and vote for BJP as voting for TMC would be like wasting the votes in case of Lok Sabha polls. In fact he said with Mamata Banerjee at the state level, he being there at the national level and Pranab Mukherjee being the President, people of West Bengal will be benefitted in three ways. He also added that in spite of Pranab Mukherjee being the senior leader in the Congress he was never assigned the role of the PM. Modi also targeted the state government by saying where was the report card for the change or poribortan it had brought.
The government could not table the anti-communal violence bill which can be a major facedown for it. This was due to united opposition against the bill in the Rajya Sabha on Wednesday. Ugly scenes followed between the Congress members as well as the BJP when Law Minister Kapil Sibal commented about the requirement of bill in case of disruption of law and order situation as it occurred in Gujarat. This led to massive outrage as the remark angered the BJP members. The Opposition comprising TMC, Left, DMK and AIADMA said the bill was against the federal structure and intruded on the powers of the state governments. This resulted in Deputy Chairman P.J. Kurien deferring the introduction of the bill. Earlier SushilKumar Shinde, the Home Minister had also tried to introduce the bill without any success. This led to adjournment for the second time of the house.
The increase in the limit of the subsidized cooking gas cylinders will result in credit negative for oil marketing companies that are Indian Oil Corporation, Hindustan Petroleum Corporation and Bharat Petroleum Corporation, as per Moody's Investors Service. The OMCs will have to sell more of LPG at below market price and it would entail to increase in the fuel subsidies till the time of receipt of full or partial payment from the government. The wait would lead to additional interest expenses, for which they won’t receive compensation from the government. In fact the increase in subsidized LPG cylinders would entail to a subsidy burden of Rs 5,000 crore in a year. The fact that there are only two months left in the current fiscal the total fuel subsidy burden projection will be static at Rs. 1.4-1.5 lakh crore.
Viswanathan Anand who has been world champion for five times was struggling for his form and finished 5th after an unimpressive performance in the rapid section of the Zurich Chess Challenge. He was at fourth spot jointly when the Classical games were over. In the rapid section he secured only one out of five points whereas the rapid section was his stronghold always. Viswanathan Anand could arrange only 5 out of total of 10 points in an event which had 6 players. In the Classical games Anand had lost two matches. In the rapid section he was defeated in the first three games Nakamura, Aronian and Caruana which sealed his hope of being in the first half. Last two matches were draws against Gelfand and Carlsen.
Science and Technology
Bill Gates has resigned as the chairman for Microsoft and he will be now technology adviser whereas India born Satya Nadella would be the CEO. It has been long since Steve Ballmer the former chief announced his retirement in August. Interestingly Satya Nadella is the third CEO in 39 years of Microsoft's history, after Bill Gates and Steve Ballmer. Bill Gates has stated that there cannot be any suitable person than Nadella to head Microsoft as he has proven his leadership qualities and has all the expertise for that. Very few people knew about Nadella till last Thursday when his name was nominated as a candidate for the position of the CEO. He was executive vice president of Cloud and Enterprise group and handled the products targeted for the businesses. Nadella heads the enterprise and cloud division at present.