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Major News and Events of 12 November 2014

What Happened on 12 November 2014


Green Norms Eased Partially

State governments have been given partial power by the Union Government in clearing small mineral mining projects, especially those that are located in biodiversity protection zones, sanctuaries, national parks and other environmentally sensitive zones. In these cases, states don’t have to get clearance from centre anymore. States can clear these projects on their own.   

Employees of PSU Banks on Strike

All the employees of Public Sector Bank went on strike on 12 November 2014 as their negotiation with management failed on the issue of wage revision. Essential banking services such as withdrawal and cheque clearance were affected. However, leading private sector banks such as HDFC and ICICI were open. M V Murali, Convenor of United Forum of Bank Unions claimed that the strike was successful.

Will the Ice Melt on WTO's Contentious Issues?

Government of India believes that some ice will melt on the contentious issues of Trade Facilitation Agreement, on one hand, and public stockholding for securing food security (according to the demand of India), on the other during G20 Summit between the contending nations. As per available information, Indian PM is expected to take up this issue with the US President during G20 and ASEAN summits.

INC Welcomes Nitish and Mamata but Forgets Indian PM

During 125th anniversary of Pandit Jawaharlal Nehru, INC has only reached to like minded politicians such as TMC’s Mamata Banerjee and JD(U)’s Nitish Kumar. However, INC didn’t call up Indian Prime Minister for the program. Others called up by Congress include Jayalalithaa of AIADMK, Mulayam Singh Yadav of SP, and the Left parties. However, no one from NDA are invited for the November 17 event.

Minority BJP Government in Maharashtra Wins Trust Vote

Devendra Fadnavis led new government in Maharashtra won trust vote on the basis of voice vote. While Nationalist Congress Party abstained from voting by remaining silent, Shiv Sena voted against the minority government of BJP. Shiv Sena has criticised speaker’s move of allowing BJP first for moving confidence motion, even before sorting out the claim for the post of opposition leader between INC and SS.

PM Addressed ASEAN-India Summit

Indian PM addressed twelfth ASEAN-India summit on 12 November 2014. Narendra Modi is on a ten-day foreign tour. His first stop is in Myanmar, where he will spend three days. While addressing the summit he asked other countries to experience India's new economic journey, started by the new Union government. He also stressed upon stronger partnership between India and ASEAN countries. Modi stressed upon the successful conversion of Look East Policy to Act East Policy.

Can NSE Nifty touch 9600 by End of 2015?

Global brokerage and research company UBS has said that NSE Nifty is expected to touch 9600 points by the end of 2015. If this actually happens, it means it will be a gain of 15 per cent from now. There are two main planks of optimism and they are expectation of great corporate earnings within 2015 coupled with possibility of phenomenal economic performance. However, they have also said that in case Nifty fails to reach 9600 mark, it will come down to 7500 level.  

BSE Sensex Gains More than 100 Points

BSE Sensex was trading at 28,058 points at 1 pm today, which means it is a gain of 148 points. The rally was witnessed due to robust buying of finance and auto stocks. Market is expecting a rate cut with the expectation of yet another fall in CPI inflation, which is fuelling investment in bank and automobile stocks. Intraday high of BSE Sensex till 0100 hours was 28,126.

Coca Cola Plant in Gujarat May Face Trouble on Water Sharing

Coca Cola Plant is facing flak from many quarters as its Gujarat plant is all set to get 3 million litres of water from Sardar Sarovar Dam every day. Congress has accused the Gujarat government about taking such a decision when many villages in Sanand can’t access water. INC’s Ahmed Patel has also written to the Gujarat CM reminding her about the real purpose of setting up the dam, which was to supply water to drought prone areas of Kutch and Saurashtra.

LG Tone Infinim at Rs. 10,990

Wireless wearable neckband has been launched by LG Mobiles today. It is named LG Tone Infinim and is priced at Rs. 10,990. Most important function of this neckband is that it can be paired with mobile handsets with the help of Bluetooth. Some of the important features include Advanced Vibration Alert, SMS/SNS Replay, Jogswitch, Direct Dial, current time alert, and Speed Dial.  

Will AIBA End Sarita Devi's Career for Rebelling Against Controversial Decision?

Governing body of boxing, AIBA, is all set to punish ace Indian boxer Sarita Devi  for rebelling against a controversial decision given in South Korea during 2014 Asian Games. Per the communications done by AIBA, Sarita Devi’s career may come to an end. According to CK Wu, President of AIBA, the ruling will be given by the world body ‘very soon’.

Anand Fights Back

India’s ace chess champion Viswanathan Anand has now tied with his Norwegian contender Magnus Carlsen in the third game. Though Anand lost the second game, he won the third game in the 12-game match. Viswanathan Anand beat Carlsen in the crucial third game in just 34 moves.