Major News and Events of 08 December 2014
What Happened on 08 December 2014
Acer Introduces New Smartphones in India
Sanskrit Row in KVs Continue
Switzerland asks India for Black Money Proof
Lima Talks: India Insists upon Financing Green Climate Fund Early
Arvind Kejriwal Acknowledges Tough Contest during upcoming Delhi Assembly Election
External Affairs Minister of India asks SAARC Countries to Consider Security Concerns of Others Sensitively
PM addresses Rally in Kashmir Valley after Terrorist Attack and Shutdown Call by Separatists
Central Bank of India to Raise Capital
Infosys Stock loses 3 per cent after Promoters Sold Over $1 Billion Worth of Stock
BHEL helps Power Expansion in Rwanda's Nyaborongo Hydro Electric Project
Commerce Ministry Launches Indian Trade Portal
For the first time ace all-rounder of Indian Cricket team, Virat Kohli, has been selected to lead the team in Test Matches, to be played in Australia. The first Test match between the two cricketing giants will start from 9 December 2014. Sources reveal that Dhoni was ruled out of the Indian Team as he is still suffering from thumb injury. Kohli’s counterpart of the Australian side will be Michael Clarke.
Science and Technology
New smartphones Liquid E700 and Liquid Jade have been introduced by Acer in their Liquid Series. These new mobiles are priced at Rs. 11,999 and Rs. 16,999. For selling these affordable to mid-range smartphones, Acer has entered into a tie-up with Snapdeal. While Acer Liquid E700 is perfect for business persons who travel a lot, Acer Liquid Jade is ideal for social use because of its look and elegance.
Supreme Court has asked Union Government about the possible effects of Sanskrit’s introduction in Kendriya Vidyalaya schools on students, who are going to appear for Board exams. Apex court of India has categorically asked centre to not take any such decision that puts students in difficulty.
Linus von Castelmur, Ambassador of Switzerland to India, has asked Indian authorities to conduct thorough independent probe before asking Swiss Banks to divulge names of the Indian account holders, who are alleged to have stashed black money in these banks. He has categorically mentioned that the Indian authorities cannot ask for client details from Swiss banks just on the basis of ‘Fishing Expedition’.
Prakash Javadekar, Environment Minister of India, vouched for financing Green Climate Fund of $100 Billion early so that the developing countries can meet with the needs of climate related projects. India is spearheading the pressure group of developing countries insisting developed countries for meeting climate finance commitment. India has already let every country know that the success of Paris agreement on climate issues will depend upon availability of Green Climate Fund.
Arvind Kejriwal, the ‘Muffler Man’ of Aam Aadmi Party, while addressing party workers and supporters in Delhi said that upcoming Delhi Assembly election is going to be a tough contest against ‘very powerful forces’ and also said that this time the contest will be directly between AAP and BJP, thereby writing off the presence of Congress completely. However, Kejriwal also reminded supporters that AAP will contest election only with ‘clean money’. While addressing Indians and expatriats who live in USA, Kejriwal said that his party will not repeat the same mistake it did last time by resigning from the government.
Sushma Swaraj, Minister of External Affairs, asked other SAARC countries to be sensitive to the security concerns of other countries because terrorism is not a localised issue and it has become a grave concern in South Asia. She also attacked the notion, propounded by many leaders in Pakistan, of good terrorists and bad terrorists. Swaraj pitched for a strong, cooperative, and genuine South Asian security community, which she feels is possible only if every SAARC country is sensitive to the security concerns of the other.
Prime Minister of India, Narendra Modi, addressed a BJP campaign rally in Samba where he not only praised people of J&K for coming out in large numbers during first two phases of the 5-phase Jammu and Kashmir Assembly election but also said ‘Ballot is more powerful than bullet’. While addressing the crowd Modi vouched for development and also stressed upon resettling those people who were displaced from their own lands in the state. He accused the present as well as earlier governments of the state for neglecting its own people.
Capital Raising Committee of Central Bank of India has given the bank go ahead to raise Rs. 626.23 crore by issuing 8,28,90,000 equity stocks of Rs. 10 face value that will be sold at Rs. 75.55 per stock. These stocks will be issued on a preferential basis to LIC India. Through a communiqué, Central Bank of India has notified Bombay Stock Exchange that decision of bank’s Capital Raising Committee needs approval from shareholders, RBI, GOI, and other authorities before implementation.
Founder promoters of Infosys offloaded more than $1 Billion worth of stocks as trading started on Monday. It is reported that K. Dinesh, S.D. Shibulal, Nandan Nilekani, and most importantly Narayana Murthy sold 32.6 million stocks at the rate of Rs. 1,988 per stock today morning. After the news of bulk sale of stocks by promoters Infosys stock fell by 3 per cent. At 11am, Infosys stock was trading at Rs. 2003.80 per share.
BHEL, government controlled power equipment maker, has commissioned Nyaborongo Hydro Electric Project in Rwanda. The total power generation from this project will be 28 Mega Watts, power generation of 14 MW each from two plants. This project is owned by Government of Rwanda and with this new installation, its power generation limit increased from 119 Mega Watt to 147 Mega Watt. Expansion of 24MW power by Nyaborongo Hydro Electric Project was done from the Line of Credit, financed by Government of India.
Nirmala Sitharaman, Minister of Commerce & Industry, inaugurated ‘Indian Trade Portal’ that will facilitate Indian exporters in getting various kinds of information on foreign markets including technical trade barriers, rules of origin, preferential tariffs, and many more. The minister asked exporters to use this informative website for accessing information and also urged them to give feedbacks or suggestions so that the ministry can improve catered information.