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Major News and Events of 12 November 2012

What Happened on 12 November 2012


Indian Aakash 2 Tablet Costs $20, Thanks to Government Subsidizing

If a bargain price for ICS tablet is around $75-$120, then $20 for a tablet is a great deal. The Datawind-made Aakash 2 has a 1GHz processor, 7-inch display, Wi-Fi, Android 4.0 and at a cheap price because of Government subsidizing. The Datawind tablets costs actually $40 to make, but the government is helping cover the cost and then selling the tablets at cheap price to students across India. They will be given to students for educational use. In the past they've done similar things for around the US equivalent of $50 or $60– but this price is really low. A tablet like this in another country, without subsidizing, would still cost around $60-$80 in order to make a profit.

What drew Aamir Khan to 'Talaash'?

Actor Aamir Khan, who plays a cop in his next film "Talaash", says the script, which is thrilling yet emotional, attracted him most to the project."For me, it was the script. When I was listening to the script, I was very stressed and tense as I could not predict what is going to happen (in the story). So I found the story very exciting," said Aamir.The actor, who spoke on the sidelines of a recent event here, says the movie goes beyond being a mere thriller."It's not only a drama and a suspense, but also a very emotional story. We all love someone or the other, who is close to us - our parents, our children, husband or wife, or lover. We are always scared of losing them," he said.Directed by Reema Kagti, "Talaash" also stars Rani Mukerji and Kareena Kapoor. It hits the screens on Nov 30.

India fail to make impact in World University badminton

The Indian side for the World University Badminton Championships failed to make an impact in the tournament with none of the players getting past the second round. The Association of Indian Universities (AIU) squad was controversiallyfinalized, a day before the event began.Barring Sanyal Sheshadri, none of the contestants won a match in men's and women's singles. Sheshadri lost 8-21, 8-21 to Kim Su Youn in the second round. She along with Vijeta Bhargava also made the second round of the women's doubles event. Harshvardhan Singh Bisht, Nitish Kumar Arora and Amit Kshatriya lost after getting first round byes in the men's singles category. Harshvardhan and Bhuwan Sethi won a match in the men's doublescategory. Two Indian pairs made the round of 16 in mixed doubles.Three entries from a country were allowed in the five individual categories. The team could barely make it in time for the individual events following confusion surrounding the selection policy. Six players -- Harshvardhan, Arora, Bhuvan, Vikramaditya Chaufla, Nidhi Tiwari and Shreya Aggarwal -- were accommodated in the squad at the last moment after they claimed that the originally selected squad was sub-standard. Subsequently, a 17-member AIU unit left for Korea against the stipulated limit of 12. The tournament was held from Nov 6 to Nov 11.

Economic growth will be less than 6 percent: Survey

India's economic growth will be less than six percent while inflation will remain in the range of six to eight percent next year, according to chief financial officers of leading Indian firms. The Eurozone crisis followed by slowdown in the US and increasing oil prices are expected to have the biggest impact on the Indian economy, according to a survey conducted by the Confederation of Indian Industry (CII) and McKinsey & Co among other CFOs (chief financial officers) of Indian firms. Over half of the CFOs (chief financial officers) who participated in the survey, released today, believe that global economic growth will remain flat in the coming year, while 67 percent feel that India's gross domestic product growth will be less than six percent. India's economic growth fell to a nine-year low of 5.3 percent in the January-March 2012 quarter. It improved marginally to 5.5 percent in the quarter ended June, but remained much below the average annual growth of 8.2 percent recorded in the past eight years. Nearly half of the financial officers expect inflation to remain in the 6-8 percent range in 2013. The Indian rupee is expected to remain in the range of 50-55 against a US dollar in 2013, 86 percent of the surveyed executives feel.

Markets to open for 'Muhurat' trading on Tuesday

India's leading bourses, the Bombay Stock Exchange and the National Stock Exchange, will conduct 75 minutes of special trading, called "Muhurat", on Tuesday on the occasion of the Hindu festival of Deepawali.The Muhurat trading will be conducted from 3.45 p.m. to 5 p.m. The pre-open order entry will start at 3.30 p.m. The short duration trading is conducted to pay obeisance to Lakshmi, the goddess of wealth and prosperity. It also marks the beginning of new year, Samvat 2069, for traders based on the lunar calendar as per ancient Hindu tradition. The special Muhurat trading is conducted every year on Diwali day, a tradition that dates back over a century. The timing of trading varies from year to year. Last year the special trading was conducted from 4.45 p.m. to 6 p.m. The market is likely to remain range-bound during the special session, after witnessing lacklustre trading today. The benchmark Sensex of the Bombay Stock Exchange (BSE) closed 0.07 percent down at 18,670.34 points, while the wider 50-scrip S&P CNX Nifty of the National Stock Exchange fell 0.04 percent at 5,683.70 points.

Pranab Mukherjee, Manmohan Singh greet nation on Diwali

President Pranab Mukherjee, Vice President M. Hamid Ansari and Prime Minister Manmohan Singh greeted the nation on Diwali. President Mukherjee urged the countrymen to "try and celebrate a pollution-free Diwali". The president said: "On the joyous occasion of Diwali, I extend my warm greetings and good wishes to my countrymen in India and around the world. I urge all Indians to try and celebrate a pollution-free Diwali." he added,"Diwali is a time for festivity and happiness cutting across all faiths and cultures. It is an occasion to share our joy with those who are needy and deprived. The diyas (earthen lamps) lit on the moonless night of Diwali signify the end of the darkness of ignorance and the beginning of light that enlightens all,".Vice President Hamid Ansari said: "I extend my warm greetings and best wishes to all the citizens of our country on the auspicious occasion of Deepawali." he added"The celebration of this festival promotes the spirit of love, compassion and brotherhood amongst us and at the same time removes bigotry, hatred and ignorance from our midst. May the festival of lights shower peace, progress and prosperity on all,".Prime Minister Manmohan Singh while wishing peace and prosperity for the people of India hoped that the festival of lights this year would mark the beginning of a new phase of optimism for every Indian.

Convulsions as RSS man blames Narendra Modi for Nitin Gadkari's woes

The needle of suspicion in the campaign against BJP chief Nitin Gadkari points to Gujarat Chief Minister Narendra Modi, RSS ideologue M.G. Vaidya today said, sparking swift denials from both the organisations. While the Rashtriya Swayamsevak Sangh (RSS) distanced itself from Vaidya's remarks, Gadkari called his comments "unfounded" and insisted that there was total unity in the Bharatiya Janata Party (BJP). "The BJP completely rejects such insinuation as it is totally unfounded. All central leaders and its chief ministers have been working cohesively and unitedly," Gadkari said in a statement here. He also rejected Vaidya's attempt to link the anti-Gadkari comments by party MP Ram Jethmalani with Modi. "The BJP is firmly and unitedly behind Modi and we are confident the party will win decisively in the ensuing (Gujarat) elections," he said.