Major News and Events of 07 April 2015
What Happened on 07 April 2015
Rajya Sabha to Reconvene from 23 April to 13 May
J&K CM meets PM and Home Minister; Congress takes Dig at BJP and PDP on Mufti's AFSPA Comment
CMIE Report Reveals Tremendous Rise in Investment Intensions in 2014-15
Legitimate Taxes Should be Paid, says Finance Minister
More Than 3000 Indians Rescued from Yemen, says VK Singh
Killing of 20 Suspected Sandalwood Smugglers in Andhra Pradesh kicks up Political Storm
Five SIMI Terrorists Killed by Telangana Police After They Try to Escape
RBI Keeps Key Rates Unchanged; Sensex, Bank Nifty, and CNX Realty Fall Significantly
Goa Police Acts on FIR of Union Minister Smriti Irani, Summons 11 Persons
System Integration by NPCI Enables RuPay Card Holders of PSU Banks to Buy Online
UP CM Inaugurates IGCL to Promote Sports in Rural Areas
NDA-ally Shiv Sena today hit out at Prime Minister Narendra Modi and asked him to clean the filth created by the BJP MPs who make controversial statements. In the mouthpiece Saamna, Shiv Sena asked the PM to clean his party from the members such as MP Dilip Gandhi, whose controversial statement on tobacco use became headlines of newspapers and news channels. Gandhi had said a few days back that tobacco use does not cause cancer. The article on Shiv Sena also mocked the controversial MP by saying that he should be conferred with a Nobel Prize.
The Cabinet Committee on Parliamentary Affairs recommended reopening Rajya Sabha that went to recess from March 20. As per the recommendation, upper house will reconvene from 23 April to 13 May 2015 so that Union Government gets another chance to pass the new Land Acquisition Bill along with 9 amendments, which were passed in the lower house on 9 March. The centre has now issued a fresh Land Acquisition Ordinance having all the 9 new amendments on 3 April as the earlier ordinance issued in December 2014 was scheduled to lapse on 5 April 2015.
Mufti Mohammad Sayeed, J&K CM, called on PM Narendra Modi and briefed him about the current situation of J&K. As per reports, Mufti also met Home Minister Rajnath Singh and briefed him about the recent terrorist attacks on police and overall law and order situation in the state. Rajnath Singh has reportedly asked J&K CM to provide land for creating “Composite Township” for Kashmiri Pandits and CM responded in affirmative. When inquired about discussion on AFSPA, Home Minister replied in negative. While BJP leader M.J. Akbar said that AFSPA will be repealed only when terrorism ends in J&K, Congress referred to Mufti Mohammad Sayeed’s recent comment on AFSPA as deep division between BJP and PDP in J&K.
Recently released data by the Centre for Monitoring Indian Economy shows that “investment intentions” in the financial year 2014-15 with respect to that of 2013-14 is up by 80 per cent. Managing Director of CMIE, Mahesh Vyas, said that 2014-15 fiscal was “slightly better” than last few years in terms of existing project completion as well as new investment proposals. However, he pointed out that new investment proposals during Jan-Mar quarter fell from the earlier two quarters. Vyas also pointed out that concentration of new investment proposals are not evenly spread throughout India but concentrated mainly in Gujarat (around 40 per cent).
During an address to an audience at an industry body event, Union Finance Minister Arun Jaitley said that India is not a tax haven and all FIIs and FPIs have to pay legitimate taxes. The timing of making the statement is crucial as Income Tax department is all set to send tax notices to the Foreign Institutional Investors asking them to pay up 20 per cent MAT or minimum alternate tax on capital gained in the last few years. Estimates point out that the total tax bill may reach a whooping Rs 37,500 crore or $6 billion. Jaitley also said that legitimate tax demands shouldn’t be equated with tax terrorism.
General (retired) VK Singh, Minister of State for External Affairs, has said that Union government has till now successfully brought back more than three thousand Indians from war-torn Yemen. He went on to add that most of the Indian nationals have been evacuated and around 200 to 300 more Indians remain in the country. Reports say that 474 people were evacuated by the Indian Navy from Al Hudaydah port by INS Mumbai and 574 passengers were evacuated in three Air India flights from Yemen’s capital Sana'a after Indian authorities got permission to fly in Air India flights for rescue operation.
The Andhra Pradesh Police killed twenty suspected red sandalwood smugglers when the latter tried to ambush police and forest officials in the dense forest with knives, axes, and stones. Police and Red Sanders Anti-Smuggling Task Force personnel carried out a raid in the dense forest in Southern Andhra Pradesh’s Chittoor district after getting information from reliable sources late last night. Sources say that all people killed belonged to neighbouring state of Tamil Nadu. It has created a political storm as MDMK Chief Vaiko has called the killing nothing but murder and said killing people “like birds is unacceptable”. However, M Kantha Rao, Deputy Inspector General, said that police open fired “in self defence”.
Fives suspected SIMI (Students Islamic Movement of India) terrorists were killed by Telangana police when they reportedly tried to attack the police personnel. They also tried to snatch weapons of security personnel during transit from Warangal to a court in Hyderabad. Telangana was on high-alert as the terrorists, allegedly having ISI connections according to police officials, were moving around in the state. This is the second incident in within three days in Telangana when SIMI terrorists were killed during encounter. On April 4, two SIMI activists Mohammad Aslam and Mohammad Ejazuddin, who fled from MP’s Khandwa jail in 2013, were shot dead during an encounter.
Raghuram Rajan, Governor of RBI, has announced keeping key rates unchanged. Status quo has been maintained for both reverse repo and repo rates at 8.5 per cent and 7.5 per cent respectively. Though rate sensitive stocks bled profusely after the announcement leading to a 100 point dip in BSE Sensex, most analysts believe that maintaining status quo was more or less expected as Rajan made two repo cuts in the last financial year. Credit Reserve Ratio also remained unchanged at 4 per cent. RBI Governor said that they are in the process of gathering information on the effect of weather disturbances. While Bank Nifty fell by 1 per cent, CNX Realty fell by 2 per cent after the announcement.
After Union Human Resources Development Minister Smriti Irani found a CCTV camera inside a changing-room of one of Fabindia outlets in Goa a couple of days back, state police has summoned eleven people related to the renowned company including William Bissell (CEO of Fabindia), MD, directors, regional manager, two staff members of Fabindia’s IT department, and Chaitrali Sawant (concerned store manager), media reports stated. Sunil Garg, Inspector General of Police, said that Goa police would probe every concerned person related directly or indirectly to the case. He went on to assure people that they are fully committed in providing privacy and security to women in Goa.
Science and Technology
National Payments Corporation of India in a statement said that customers of Public Sector banks having RuPay cards can now buy goods and services (including air, road, and railway tickets) from different eCommerce portals and online stores as it has completed system integration. Reports say that RuPay Cards are expected to earn high revenue for the banks. Currently, more than thirty thousand online merchants including LIC, Snapdeal, Jet Airways, IRCTC, Flipkart, Bookmyshow and others accept RuPay cards. As per a NPCI statement, 140 million RuPay card holders can start purchasing online by starting with a one-time registration followed by two-factor authentication process every time they make a purchase.
Uttar Pradesh Chief Minister Akhilesh Yadav inaugurated the Indian Gramin Cricket League (IGCL) at Lucknow’s K D Singh Babu stadium, in an effort to identify sports talent in villages as well as district. After inaugurating the initiative, Akhilesh Yadav told the media that his government is making all efforts to take towns as well as villages on the path to development. IGCL has been inaugurated just one day before IPL extravaganza kick starts in Kolkata. UP CM also emphasized upon his government’s initiative of developing and encouraging sporting spirit of rural youths by promoting IGCL rather than organising IPL or similar tournaments.