Major News and Events of 12 November 2015
What Happened on 12 November 2015
Trade Union front affiliated to RSS opposes FDI Reforms
India finishes campaign at 13th Asian Shooting Championship with 44 Medals
ISRO to launch 2 more Communication Satellites in 2016 and 2017
Diwali Muhurat Trading hints at a Prosperous Year ahead as it ends in Green
PM Modi starts his 3-Day UK visit, followed by visit to Turkey for G20 Summit
JDU leader Nitish Kumar says Government Formation Process to start from November 14
War Veterans Protest March to Rashtrapati Bhavan, PM Modi promises "Foolproof" OROP
Saina Nehwal and PV Sindhu advances in China Open
India International Science Festival 2015 to be Organised from December 4 to 8
Government planning to help Public Sector Banks curtail NPAs
Power Struggle Continues in BJP as Veterans push for Dialogue rather than Statement
UN chief Ban Ki-moon has asked all sides to lift Indo-Nepal border blockade immediately so that the Himalayan country is able to get free transit. Stephane Dujarric, spokesperson of UN chief Ban Ki-moon, has said that Nepal is facing acute fuel supply shortage, which is restricting planned deliveries to Nepal’s villages, which were worst affected by earthquake. In the statement, it is also said that blockade must be lifted at the earliest as shelter materials, warm clothing, and food are to be delivered to Nepal before harsh winter in the Himalayan regions and shortage of fuel in the landlocked nation is jeopardizing the plan of smooth delivery of these essentials.
Bharatiya Mazdoor Sangh (BMS), the trade union front of Rashtriya Swayamsevak Sangh (RSS), has slammed FDI easing norms implemented by Union Government in fifteen sectors. Virjesh Upadhyay, General Secretary of BMS, has told media that they have even written to Prime Minister Narendra Modi as well as Union Finance Minister Arun Jaitley, asking them for consulting all stake holders before taking a final call on these FDI reform issues. BMS has categorically mentioned their reservation of easing FDI norms in retail sector and asked the central government of bringing out a white paper on all foreign direct investment as well as foreign direct outflow.
Indian team’s final medal tally at 13th Asian Shooting Championship is 44 medals. While 17 medals are gold, 14 are silver and 13 are bronze. On last day of the championship, Vijay Kumar (the silver medalist at London Olympics) won two medals. While he won bronze medal in individual 25m Centre Fire Pistol event, he along with teammates Pemba Tamang and Samaresh Jung won silver medal. In the individual 25m Centre Fire Pistol event, Dae Kyu Jang of Korea won Gold and Pongpol Kuchairatanna of Thailand won silver. In the team event, Team India accumulated 1736 points to finish second, with Korea emerging as winner and Vietnam securing 3rd position.
Science and Technology
Indian Space Research Organisation (ISRO) is going to launch two more communication satellites in the coming two years. While GSAT–17 will be launched in 2016 by European space agency Aerospace, GSAT–18 will be launched by the same space agency from French Guiana’s Arianespace in 2017. The announcement comes a day after the launch of GSAT-15 communication satellite. Arianespace has said that both these spacecrafts (having approximate weight of 3,400 kgs) will be launched by Ariane 5 rocket for replacing currently operational relay platforms, thereby providing multiple frequency band services.
Market rebounded during Diwali Muhurat trading and snapped a five session long losing streak yesterday. Both benchmark NSE Nifty and BSE Sensex ended in the green, bringing cheers among the traders and brokers as gains in the market on Diwali Muhurat trading is believed to signal a positive trend in the market for coming one year. Though rout of BJP during Bihar Assembly election had hampered investors’ sentiments, Finance Minister’s announcement of easing FDI norms in 15 sectors helped market to bounce back. In the first session of Samvat 2072 yesterday, BSE Sensex jumped by 123.69 points and NSE Nifty increased by 41.65 points.
Prime Minister Narendra Modi has started his 3-days UK visit today and is expected to sign defence and trade deals, worth $15 billion. An agreement may be signed between Britain and India on selling twenty Hawk trainer jets by BAE Systems of Britain to India. Joint statement on carrying forward partnership in defence as well as security is likely to be announced. Modi will also meet CEOs of different companies and pitch for Make in India. PM Modi is all set to meet British PM David Cameron at 10, Downing Street and also have lunch with the Queen of England at London’s Buckingham Palace. PM Modi is also scheduled to visit Jaguar Land Rover plant, taken over by Tata Motors in 2008. After inaugurating Ambedkar memorial and Basaveshwara’s statue in London, PM Modi will head towards G20 Summit on Saturday.
Incumbent Chief Minister of Bihar and senior leader of Janata Dal (United) Nitish Kumar has said that the formal process of cabinet formation will start from November 14. This is the same date when the ongoing state cabinet will meet and dissolution of the present house will be recommended. Earlier he met Governor Ram Nath Kovind and greeted him on the occasion of Diwali. He also said that on Saturday afternoon leaders of the Grand Secular alliance will meet, where they will decide upon venue as well as date of the new cabinet’s oath taking ceremony and will also elect a new leader.
While categorically rejecting official notification of implementing One Rank One Pension scheme on charges of dilution, war veterans (around 2,000) have not only observed Black Diwali and returned medals but also tried setting their medals on fire at Jantar Mantar. However, on-duty police stopped them from the act. Ex-servicemen also staged a protest march on the issue to Rashtrapati Bhavan. With escalation of protest by the war veterans, Prime Minister Narnendra Modi has said that a commission has been set up for looking into the shortcomings of OROP scheme so that “foolproof” OROP can be implemented in the coming days.
Indian women shuttlers Saina Nehwal and PV Sindhu advanced to the second round of China Open. While Saina defeated China’s Sun Yu in straight sets 22-20, 21-18, Sindhu defeated Russia’s Ksenia Polikarpova also in straight sets 21-14, 21-9. However, Indian male shuttlers including HS Prannoy, Ajay Jayaram, and Kidambi Srikanth were ousted from China Open. World No. 25 Ajay Jayaram, in the men’s singles, lost to World No. 1 Chen Long in straight sets 12-21, 11-21. Prannoy lost to China’s Guo Kai in a three set match (14-21, 21-17, 19-21). Kidambi Srikanth lost to Hu Yun in straight sets 12-21, 18-21.
Science and Technology
Technology Information, Forecasting and Assessment Council (TIFAC) and Vijnana Bharati are jointly organizing India International Science Festival (IISF 2015) from December 4 to December 8. This festival, a joint event of Ministry of Earth Sciences and Ministry of Science and Technology, aims in providing platform to young scientists from across India in sharing as well as spreading scientific inventions, achievements, and ideas. IISF 2015 will focus on union government’s flagship programmes such as Digital India, Make in India, Smart Cities, Smart Villages, Start-ups, etc. Main objective of this science festival is to instill scientific temper and also expose fruits of scientific advancements to the masses.
Official sources say that a comprehensive discussion is going on between Prime Minister’s Office and officials of Finance Ministry regarding chalking out a plan on public sector banks so that they are able to check non performing assets (including bad loans). Reports point out that public sector banks are unable to lend more because of their inability to tackle bad loans and this is stifling private investment, thereby hurting expansion of economic prospects. Government is stressing on the issue as they have realized that long term capital infusion must be backed up by a focused approach in increasing private investment. Finance minister headed Financial Stability and Development Council has decided upon setting up Resolution Corporation for dealing with financial companies’ closure issues.
Power struggle within BJP has reached a peak as the veterans seem to be unhappy with official response of the party through making statements. Sources say that the veteran leaders, who still have enormous clout within the party, want dialogue with the party brass for overcoming shortcomings within BJP. Meanwhile, Nitin Gadkari has gone a step ahead of issuing official party statement and urged BJP chief Amit Shah to take strong action against those who are “making irresponsible statements” and harming image of the party. Sources say top brass is trying to down play the crisis and is hoping that ruckus within BJP will die down.