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Major News and Events of 10 May 2013

What Happened on 10 May 2013


CBI to interrogate Bansal?

Railway Minister Pawan Kumar Bansal may be interrogated by the CBI after they landed up with some details which put the minister in a sticky situation.

In fact, the Congress core committee meeting will be held tomorrow to decide on the continuance of the minister. The fact that Mahesh Kumar ( who wanted the job in railway board badly and was willing to pay Rs 20 crore for that) is said to have met Bansal's nephew Singla at his official residence and, as per Kumar, even met the minister. All this sound more trouble for Bansal. Several meetings had taken place at his residence; name of Bansal has allegedly come up many times in the 1000 calls which CBI has tracked of the past few months.

Another fact which can go against Bansal is that Gupta, who has said he worked for the Bansal family, joined as a part-time "Non Official Director" in Canara Bank, went on to become a Shareholder Director. Now Canara Bank extended a loan of around Rs. 20 crore to Theon Pharmaceuticals Limited, founded in 2005 by the Bansal family. Incidentally, Bansal had offered to resign but he was asked to stay put by the senior leaders. It seems now the Congress won’t like to create more issues for itself with so many facts unfolding. It has to be seen what comes of tomorrow’s meeting. (Source: NDTV)

Narendra Modi to speak to Indian community in 18 US cities

Narendra Modi will speak to the Indian community of 18 US cities in an event to celebrate the formation of Gujarat on May 1. The event will be held on May 12 and Modi will connect through satellite.

He had been denied the US visa since 2005 for his alleged involvement in the Gujarat riots in 2002. He spoke to the Indian community in North America in March when his invitation to speak at the Wharton India Economic Forum was withdrawn after there were protests from some students.

Modi will share his thoughts on “Good Governance” on Gujarat Day celebrations.

Industrial output growth in 2012-13 lowest in 20 years

Industrial output showed only 1% growth which was the lowest in two decades due to bad performance in the mining and manufacturing sector.

Factory output though registered some improvement but it failed to do much to the overall figure. In fact, this growth of 1% is lowest since 1991-92. Industrial output grew by mere 0.6% compared to 2.9% in 2011-12.

Manufacturing sector was the biggest deterrent by posting only 1.12% growth. Mining output recorded a huge slump of 8.1 %. Economic slowdown and fall in demand is said to have cast effect on the manufacturing sector.

I&B Minister personally visit Pran's home to give award

The I&B Minister Manish Tewari flew down to Mumbai to confer the Dadasaheb Phalke Award to Pran who, being 93 years old and frail, could not attend the national awards ceremony in Delhi.

The I&B Secretary, officials of the Ministry as well as the Directorate of Film Festival went with him.

Pran started his career as a photographer but coincidentally met a film producer who gave him a role in Yamla Jat. Pran has worked in 400 films in a career of six decades and not only excelled in the negative roles but gave a different dimension to the character roles he portrayed.

India gets record nine medals in TT, gets no gold

India compiled nine medals in the Commonwealth Table Tennis Championships. It earned seven bronze medals and two silver medals but could not get the gold as its top paddler Sharath Kamal could get only a bronze medal.

He lost the singles to Li Hu of Singapore and suffered defeat even in the doubles along with Subhajit Saha to Christopher Doran and Samuel Walker. The thing to note is that the Indian pair was the defending champions since they won the 2009 edition in Glasgow and also acquired gold at the 2010 Commonwealth Games. Li Hu beat Sharath Kamal easily. In the women’s category Mouma Das was defeated by Yu Mengyu of Singapore and Manika Batra missed a big chance to get into a Commonwealth final when she failed to post a win against Zhang Mo of Canada.

19 year old bags Thiel Fellowship for Oravel.com

A startup which provides an alternative option to hotel stays, Oravel.com has fetched the founder, Ritesh Agarwal, a Thiel Fellowship for 2013 worth $100,000 which entails the option of skipping college and engaging in work, self-education and research.

The 19-year-old lad is the only one from India to feature in the Thiel list of "20 under-20 years of age globally". Ritesh was very pleased to get this honor and he stated that it was due to the stringent procedure followed in execution and quality. He said that Elon Musk and Sean Parker, who are the Thiel Fellowship mentors, inspire the world and he has got a huge opportunity to be mentored by them.

Ritesh will get access to technology to ensure cost effective and quality accommodation to developing economies in the world.