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Major News and Events of 10 November 2013

What Happened on 10 November 2013


Rs 19 crore collected through donation by Aam Adami Party

 

Before Delhi Assembly elections, Aam Aadmi Party (APP) has collected near about Rs 19 crore as donation. Most of the donors are the first time donors to a political party which is led by Arvind Kejriwal. Pankaj Gupta, Party's National Secretary and in-charge of Funding and donations said that they have collected Rs 19 crore from donations. The donors range from rickshaw puller to traders and industrialist and donation amount varies from Rs 10 to several lakhs. He further added that for Delhi Assembly election aim of the party was to collect Rs 20 crore and they are quite near to the target. Till last week of September, AAP has collected 10 crore and the remaining nine lakhs came in just a month’s period.

Indian donors have contributed Rs 13.18 crore and Rs six crore from NRIs based in the US, UK, Hong Kong, Canada, Australia, Switzerland, UAE and even Saudi Arabia. Even the NRIs living in Germany, Qatar, Kuwait, New Zealand, Norway, the Netherlands and Japan are also contributing to the funds of the party. The APP keeps on posting about all its donations and transactions details on its website. There are more than 63,000 online donors for the APP. Party gave justification for getting overseas funds by saying that it is receiving funds only from NRIs not from everybody. Even the Delhi High Court asked the Centre to check the new accounts of Aam Aadmi Party to know about the source of money received by the party after its commencement.

Prime Minister Manmohan Singh listed as the most powerful sikh

 

The first edition of the annual 'Sikh 100' published in London has listed Prime Minister Manmohan Singh as the most powerful, influential and contemporary Sikh. The second position in the list is that of Planning Commission deputy chairman Montek Singh Ahluwalia. Whereas, the third position is held by Jathedar Singh Sahib Giani Gurbachan Singh, present religions head of Sri Akaal Takht Sahib. In the list, 4th position is held by the chief minister of Punjab Parkash Singh Badal. 8th position is held by Ajaypal Singh Banga, president and CEO, MasterCard Worldwide, USA and at 9th position is Rabinder Singh, high court judge, Royal Courts of Justice, UK. Others in the list are -

Gursharan Kaur, wife of Prime Minister Singh – 13th position

Sukhbir Singh Badal, president of Shiromani Akali Dal – 14th position

Sir Mota Singh, Judge (UK) - 17th position

Sant Singh Chatwal, president and CEO, Hampshire Hotels and Resorts (USA) - 19th position

Malvinder & Shivinder Singh, chairman/director, Fortis Healthcare, India - 21st position

Khushwant Singh, Journalist and Novelist - 22nd position

Finance Ministry interested in Indian Oil disinvestment

 

To achieve its Rs 40,000 crore disinvestment target, the Finance Ministry wishes to sell 10% of the stake of government in Indian Oil Corporation (IOC). This will be done by the end of this month. Overseas roadshows for the IOC stake sale were put off by the Department of Disinvestment last month because of the opposition from the company and the Petroleum Ministry. Poor market conditions were blamed for the same. London, US, Singapore, Hong Kong and Dubai were selected for the roadshows. On Friday IOS share went up to 1.62% to Rs 213.20. On January 18 it was at Rs 375. At present price, the sale of 19.16 crore IOC shares would bring more than Rs 4,000 crore. As of September, government’s share in India’s largest oil refiner is 78.92%. Five merchant bankers have been selected for managing the sale of IOC share that includes Citibank, HSBC and UBS Securities. But selling share at this point means that these will be sold at low price. Losses from foreign exchange and selling diesel, cooking gas and kerosene below cost has led to an 82.5 per cent drop in net profit to Rs 1,683.92 crore for the July-September quarter for IOC. But before selling 10 per cent in Engineers India Ltd (EIL), government is waiting for disinvestment in IOC.

Tax offenders will face stern action – P Chidambaram

 

Union Finance Minister P Chidambaram said that harsh action will be taken against tax offenders. He said that ten persons have been arrested so far in this regard. He further said that certain sectors like IT, consultancy, and real estate which are more susceptible to chronic service tax avoidance are monitored very closely. Also chronic tax evasion has been seen in many cities like Chennai especially in its contract service, maintenance and repair service sectors. While speaking at an interactive meet on Trade and Industry, Service Associations and Chambers of Commerce and Industry on Voluntary Compliance Encouragement Scheme (VCES), Chidambaram said that power of “arrest” is used in those cases only where tax avoidance is Rs 50 lakh or more than that. Government departments have shared lots of information pertaining to PAN number and other unique numbers. He said that they will reach the offenders but does not want anyone to offend the government norms. One should become an honest citizen and pay tax regularly. Government is there to help all of them. He also said that 17 lakh people had voluntarily registered for filing their service taxes but only seven lakh have paid the actual taxes. So they the department has to find those remaining 10 lakh people.

Special postal stamp on Sachin Tendulkar

 

A special remembrance stamp on Sachin Tendulkar will be released by the Department of Posts on November 14, the same day when this cricket icon will play his last 200th match at Wankhede Stadium, Mumbai. Communication and IT Minister Kapil Sibal said that department generally does not release stamp on living personalities but this is the second time it is doing so. The fist stamp of this kind was released for Mother Teresa on August 27, 1980. He said that Sachin’s contribution to the world of cricket is beyond words and cannot be explained. For over two decades he has ruled the heart’s of his millions of fans in the nation and across the world. He made us proud.

IdeaPad Flex, a dual mode notebook launched by Lenovo

 

Lenovo is going to launch its 14-inch IdeaPad Flex, a dual-mode notebook PC with 10 point multi-touch. This has been announced by the company in a statement. IdeaPad Flex will have the Windows 8 operating system, and also it can be flipped 300 degree making it different. User can easily use it as laptop as well as stand modes. The laptop mode offers the traditional way of using it as laptop whereas the stand mode is for touch usage and social functionality. With stand mode it is much easier to use it and enjoy the notebook for touch applications. According to the release, the IdeaPad Flex the 10 point multi-touch which will make the touch experience much better and user can now work with an ease and more flexibility. User can also give voice commands through a voice control system. All Lenovo exclusive stores, multi-brand outlets, large format retails stores and thedostore.com have the Lenovo IdeaPad Flex. IdeaPad Flex weighs 2 Kg, has 4th generation Intel Core i3 processor, 720p HD with array MIC camera  and memory of 4GB DDR3L. You can buy it at a price Rs 42,250/-(inclusive of taxes).