Major News and Events of 13 January 2016
What Happened on 13 January 2016
Moto E & Moto G are here to stay, confirms Motorola
Canara Bank embraces 4-tier system
Samosa comes with 13.5 per cent luxury tax in Bihar
BSE Sensex jumps 172+ points
Kerala becomes the first state to attain 100% primary education
Sensex set to open higher today
Dismantling of BRT Corridor to be over by February
Mumbai slums to pay unit-wise property tax from April
A notable face of the hit TV series “Comedy Nights with Kapil”, Kiku Sharda (alias Palak) has been arrested on charges of hurting the religious sentiments of Guru Baba Gurmeet Ram Rahim Singh. Sharda had mimicked the self-styled Haryana-based Guru in an episode that was aired late in December. With nearly 50 million followers, Guru Baba Gurmeet Ram Rahim Singh has also starred in two films.
Science and Technology
Speculations about Motorola bidding adieu to Moto E and Moto G have come to a halt with the company confirming the stay of the two super cool smartphones. Motorola, the Lenovo-owned company, has falsified the remarks of Chen Xudong (Lenovo’s head of mobile) wherein he had stressed Motorola and Lenovo were aiming to streamline the overall product portfolio and wanted to put greater focus on two product sub-brands viz: Moto and Vibe.
In an attempt to improve efficiency, the public sector Canara Bank’s board has given a “clean chit” to organizational restructuring by switching to a 4-tier system. This new system would allow the lender to set up multiple regional offices for ensuring a better connectivity with Canara Bank branches across India. On the lines of Canara Bank, yet another public sector lender, the Indian Overseas Bank (IOB), has indicated its move to rationalise the count of regional offices by shutting down 10 existing offices.
The Nitish Kumar government in Bihar has listed samosa as a ‘luxury item’ which would now attract a 13.5 per cent tax to fund the state’s development work. The Bihar state cabinet took the decision after approving 23 proposals from different departments. The list of ‘luxury items’ was given out by Brajesh Mehrotra (Principal Secretary, Cabinet Coordination Department) and also includes salty items like 'kachauri' and 'namkins' (salted snacks), auto parts, sand cosmetics, hair oil, perfumes, battery parts and UPS units.
Recovering from its 19-month low, the BSE Sensex jumped over 172 points to close at Rs. 24,854.11. Swinging almost 570 points on alternate sessions of buying and selling, the Sensex was led by a strong rally in RIL and Infosys. While Tata Motors skyrocketed by 2.65 per cent to close at Rs. 364.45, other gainers comprised Sun Pharma, ICICI Bank, ONGC, HUL, Bajaj Auto and HDFC Bank.
The continuous efforts put in by the Kerala State Literacy Mission - a nodal agency for conducting continuing education programmes have helped the state in achieving 100% primary education. The Vice President of India, Hamid Ansari, made the announcement, quoting special significance of the “Athulyam” scheme (launched in October 2014) which witnessed 2, 00,000people receiving the fourth equivalency programme in a single year.
Both, Sensex and Nifty are likely to open higher in trades today. The Nifty futures traded on the Singapore Stock Exchange indicate a positive start for the Indian stock markets, taking the SGX Nifty up by 0.71 per cent or 53 points to close at 7,590. Additionally, the late rebound in energy and biotech shares has also helped push the S&P 500 to maximum gains.
The Kejriwal-led Delhi government has confirmed the work of dismantling of the BRT (Bus Rapid Transit) corridor to be completed by February. The 5.8-km long stretch from Moolchand to Ambedkar Nagar was built in 2008 by the Shiela Dikshit government and costs around Rs. 150 crore. The BRT Corridor would be dismantled as an initiative to redesign the roads in accordance with a set plan.
The Brihanmumbai Municipal Corporation (BMS) is gearing up to levy property tax on slum properties within the city from April this year. The slum owners would be expected to pay between Rs. 2,400 and Rs. 18,000 as property tax on a yearly basis. This tax would be calculated on the basis of size and type of huts. Applicable on slums built both on government and private lands, the property tax does not intend to regularise the slums.