Major News and Events of 08 July 2012
What Happened on 08 July 2012
Congress counters TIME Magazine's remark on PM
Rupee will stick to 50 mark : Kaushik Basu
Declining rupee stops Indian firms from benefiting global prices fall
Yuvraj hopes he is lucky to get the Arjuna Award
It is the responsibility of cable operators to provide set-top data: M-I&B
Joker trailer along with Cocktail
CRPF intends to come down heavily on the unexplored Naxal hotspots of the country and the recent encounter at Bijapur district of Chattisgarh was part of that operation. 80000 personnel have been deployed in different states to get into those areas where the police as well as administration have not ventured in many years thus making them easy prey for Naxalite operations.
In the past CRPF has undertaken such activities like freeing Saranda forests and Sarju-Kone in Latehar district in Jharkhand, flushing out the Naxalites from the forests of Abujhmaad (Bastar region) and Singhanmadu (Sukma district) in Chattisgarh. Three to four CRPF battalions along with CoBRA will be instrumental in this plan. ?
Congress has come up with a statement to counter “underachiever” tag given by TIME magazine on its cover to the Prime Minister Manmohan Singh. Congress spokesperson Manish Tewari stated that UPA led by the PM has brought political stability, economic growth, and greater participation in global affairs. All this cannot be termed as underachievement.
BJP on the other hand came up with the statement that this was in sharp contrast to how TIME magazine carried a feature on Narendra Modi some time back where it was specified that he meant business among other things.
The rupee will stick to the 50-mark in the coming months, that is what Kaushik Basu, chief economic adviser to the Union finance ministry, expects. He specified that the present status of the rupee that of 55-56 to the dollar is not desirable but we should not expect it to come down to 47-48 mark as it is not realistic.
The rupee will hover around 50 mark in next few months. Even though there were lot of changes it is not possible to sell dollars to control the sharp dip as there is this fear that it may lead to reduction in foreign exchange reserves.
The fall in global commodity prices has not benefited the Indian companies much due to declining rupee. In some of the cases even if there is a substantial dip in prices here in India the companies could reap only marginal benefit. In fact the declining rupee in some cases has resulted in rise of prices though the global price may have fallen.
Global prices have plunged in case of industrial raw materials but decline in rupee term is marginal. Import duties and freight rates further add up to the cost of imports.
Yuvraj Singh is honored with the fact that the BCCI has again sent his nomination for the prestigious Arjuna award. He hopes he would get it this time. This is the second time he was nominated. He was addressing the media at "YouWeCan” which is an initiative of Yuvraj Singh Foundation.
BCCI went ahead with nominating Yuvraj as he is the senior most player yet to get the award though Virat Kohli had performed well in this year. Virender Sehwag, Harbhajan Singh, Zaheer Khan and Gautam Gambhir have all got the Arjuna award. Yuvraj has recovered from a rare germ cell cancer.
Science and Technology
The cable TV regulations have been amended by Ministry of Information and Broadcasting (M-I&B) by incorporating a new amendment. This makes the multi-system operators (MSOs) and local cable operators (LCOs) responsible for authentication of data on set-top boxes and its deployment.It has been initiated after the authorities realized that due to the cable operators there was postponement of the cable digitization deadline by 4 months now to October 31, 2012. There were inconsistent data provided by the service providers specially the MSOs regarding inventory status and deployment of set-top boxes.
The amendment known as Incorporation of rule 10A will be one of the terms and conditions of registration of cable operators and MSOs. Failure to abide by this and in the event of non-submission of required information, the central government will have the power to cancel or suspend the registration of cable operators or MSOs.
Akshay Kumar’s fans will have something to look forward to when they go to watch the movie Cocktail. Viewers will catch the glimpse of Joker directed by Shirish Kunder which is believed to be Akshay Kumar's 100th film, along with Homi Adjania's Cocktail.
The director tweeted that Joker Trailer will release on July 12. The movie is slated for release on August 31. The storyline is about a character who returns to his hometown an obscure place, not present even on the map but sequence of events makes it popular globally. The movie has Akshay and Sonakshi Sinha in the lead roles.