Major News and Events of 13 November 2013
What Happened on 13 November 2013
Supreme Court suspends the demolition of flats at Campa Cola Society
SBI registers maximum slump in net profits in more than two years.
Heavy investment by SAI in Kerala
Delhi High Court stays the release of Ram-Leela
Android now accounts for 80% of the market share
CBI Director Ranjit Sinha apologized for his remark on rape which may have hurt the sentiments of people unintentionally. He also specified that he respected women a lot and was committed to gender issues. He explained that he had said that betting should be made legal and there was no such thing that if enforcement of a law cannot be done so law should not be made. This was in similar context like if rape was to happen and one was not able to stop it then one should enjoy it. His expression of regret failed to convince the National Commission for Women (NCW) which dispatched a notice to Sinha asking the reason for his controversial remark. Its chairperson Mamata Sharma even went ahead and stated that Sinha should resign if he had made such a statement. She also added that it seemed the people at higher levels also needed sensitization much like the lower levels. Sinha made this remark while he was a part of a discussion on "Ethics and integrity in sports - need for a law and role of CBI".
Justice G.S. Singhvi led Supreme Court bench has ordered suspension of the demolition of flats at Campa Cola Society. These were supposed to be razed down on Wednesday by the BrihanMumbai Municipal Corporation acting on the directive by the apex court earlier. Now the demolition of the 96 flats has been suspended by the Supreme Court till May 31, 2014. This order came after senior advocate Fali Nariman referred the matter to the court. Earlier the directive was that as these flats construction did not follow the norms so they have to be pulled down. The flats were built 30 years ago. The apex court earlier this year had said that these flats have to be pulled down because of violation by the builders. These flats were constructed three decades ago. Till the next hearing the demolition remains suspended. This comes as a huge relief for the residents of the complex who were agitating against the order. The Attorney General has also been asked to look into providing a permanent solution to this crisis and the BMC was questioned that why it had not taken any action against the builders responsible for the construction. Earlier the BMC officials had got in the residential complex which was locked by the residents and people supporting them to prevent demolition. The area was cordoned off by the police. 96 flats above the fifth floor in all the seven buildings are illegally constructed.
State Bank of India has recorded maximum dip in its quarterly profit in a period exceeding two years. This is because there was an increase in the nonperforming loans. The sluggish economy had had an impact on the public banks like SBI which have greater exposure to infrastructure and power sectors. In fact PNB also recorded lesser earnings in the previous week than expected. SBI’s net profit dipped by 35% and stood at 23.75 billion rupees in the quarter which ended in September though it was expected that the profit will be 27 billion rupees. There was an increase in net nonperforming loans which stood at 2.91% of the total assets from 2.83% in the previous quarter. There was a slump of more than 39% in the net new bad loans compared to the previous quarter and there was a marginal increase that of 3.51% in the net interest margin which is a key determinant for bank’s profit.
The Sports Authority of India (SAI) will do huge investments in Kerala, this was specified by Chief Minister Oommen Chandy on Wednesday. The CM said that two proposals have been passed for the SAI which includes setting up football academy in Kozhikode costing Rs.300 crore. The land will be provided by the University of Calicut-Kozhikode. Besides this an international golf course will be set up as well and clearance has been allotted to SAI for acquisition of Thiruvananthapuram Golf Club. Also at Munnar SAI will take over the high-altitude training centre. Chandy said that the state government is committed to promotions of sports in Kerala.
The release of Sanjay Leela Bhansali’s Ram-Leela has been stayed by Delhi court. The movie which stars Ranveer Singh and Deepika Padukone was to release on November 15. Additional District Judge AS Jayachandra, stayed the release of the movie till further orders were passed. A suit was filed wherein it was specified that the movie has a liberal dose of violence and obscenity and has hurt the Hindu sentiments. The petition also specifies that the word Ram Leela is used in reference with Lord Rama and people will go to watch the movie with this expectation that it will depict something related to that. The petition was filed by six persons that included Prabhu Samaj Dharmik. The name of the movie has to be changed this has been stated in the petition. An NGO earlier had to shell in Rs 50000 as fine for requesting to ban the movie which the Delhi High Court rejected.
Science and Technology
Android has now accounted for 80% of the smartphone units shipped. This was specified by the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker. In Q3, 211.6 million smartphones were shipped. There was 39.9% growth in the smartphone sector year-over-year in Q3 as well. Windows Phone OS also showed 156% year over year growth with main backing from Nokia. It constituted 3.6 per cent of the market share with 9.5 million units shipped. It has been analyzed that the main reason for the success for both Android and Windows OS is their competitive pricing compared to Apple’s phones which are not available at entry level. Micromax which is about to enter in the Windows phone segment can bring the price down further. Apple’s iOS sale volumes though increased but there was a dip in the market share. It has to be noted here that iOS 7 devices were not taken into consideration so that may change the figures.