Major News and Events of 09 May 2016
What Happened on 09 May 2016
Indian Army likely to cut non-combat jobs
Sensex shoots up by 300+ points, Nifty by 7,800+
With Sunday witnessing the phenomenal celebrations of Mother’s Day, only a bare 10% women candidates would be contesting the ongoing elections in four poll-bound states including West Bengal, Assam, Kerala and Tamil Nadu. While the number of women contestants has met a stand-still in Assam, West Bengal and Kerala, the state of Tamil Nadu has witnessed nearly double the percentage of women contestants, who contested in the previous assembly elections.
With a total strength of 1.2 million personnel, the Indian Army is eyeing to cut job vacancies registered for different non-combat areas. Lieutenant general Philip Campose, who retired as vice-chief has said the determination of tooth-to-tail ratio- the number of personnel(tail) required to support a combat soldier(tooth), would be quite complex but the figure can help in rightsizing the force.
During the morning trades, both the BSE Sensex as well as Nifty witnessed huge gains. While the Sensex advanced by over 300 points to reach 25,537, Nifty scaled to over 7,800 points to reach a high of 7,825. The gains were led by banking stocks with the Bank Nifty being the top sectoral gainer, rising by 1.4 per cent. Additionally, stocks related to power, metal, realty and capital goods, FMCG and auto hiked by over 1 per cent each.