Major News and Events of 09 July 2014
What Happened on 09 July 2014
Indian economy to grow 5.4-5.9%: Economic Survey
The Yellow Chilli goes for expansion via the franchise mode
Himachal government takes steps to discourage smoking among minors
India chooses to bat against England in Trent Bridge Test
Thailand firm proposes to invest Rs 1,000 crore in Andhra Pradesh
Amit Shah, close aide of Prime Minister Narendra Modi, has been appointed as the new President of the Bharatiya Janata Party (BJP). The announcement was made by the Home Minister and former BJP President Rajnath Singh after a meeting of the BJP parliamentary board. Shah started his career as an ordinary 'karyakarta' of the party. During his journey as a politician, he also became the home minister of Gujarat. Before his appointment as the party president, Shah was working as a general secretary of the BJP. It is expected that Shah will increase the influence of the party to make it stronger across the country.
The Economic Survey for 2013-14 estimates Indian economy to grow at 5.4-5.9 per cent in 2014-15. The Survey, considered as the annual report card of India’s economy, was tabled by Finance Minister Arun Jaitley in Parliament a day before the Union budget for 2014-15. The Finance Minister termed price rise as a major issue before the economy for which the subsidy rule and increasing tax revenues must undergo a change. He added that fuel prices should be driven by the market. As per the survey, the country needs $1 trillion investment in infrastructure over the coming five years.
Chef Sanjeev Kapoor’s chain of restaurants under the name ‘The Yellow Chilli’ is all set to undergo an expansion with 25 more outlets by the end of next year. Franchise India, with known expertise in the franchise industry, is helping the restaurant in this regard.
The Yellow Chilli will provide support in terms of product enhancement, marketing and timely upgradations to its franchisees. The company opted for the franchise model in 1998 and at present operates a total of 26 outlets out of which 24 are franchise-run. The company is making all-out efforts to become an integral part of the world’s hospitality industry by satisfying the taste buds of food lovers.
In an effort to end the easy availability of tobacco to minors in Himachal Pradesh, Health Minister Kaul Singh has said that soon the sale of loose cigarettes will be completely banned in the state. Anybody found violating the said rule will have to pay heavy fine. The minister added that school and college going kids often buy loose cigarettes as complete pack is a costly option for them. To further discourage smoking government was also planning to increase value added tax (VAT) from 36 per cent to 50 per cent on cigarettes and cigars.
India won the toss and opted to bat against England at the Trent Bridge. Both the teams are playing the first match of the five-match Test series. All-rounder Stuart Binny has replaced Rohit Sharma and with this Binny will play his first Test. In England’s team, Ben Stokes has replaced Chris Jordan. David Boon from Australia is match referee, Ian Gould from England is TV umpire and Kumar Dharmasena from Sri Lanka and Bruce Oxenford from Australia are umpires of the series.
One of the major agro-industrial and food companies of Thailand, Charoen Pokphand Foods (CPF) has proposed to invest Rs 1,000 crore in Andhra Pradesh. The company wants to set up chicken processing and fish and prawn feed units. CPF vice chairman Chaiporn Montha and director Kwan Chai met Andhra Pradesh Chief Minister N. Chandrababu Naidu in this regard. For chicken processing unit Chittoor district has been proposed and proposal of East Godavari and West Godavari districts has been made for fish and prawn feed units.