Major News and Events of 15 June 2015
What Happened on 15 June 2015
Bihar Assembly Election Potboiler Warms up as Election Campaign takes Shape
First Mobile Developer Meetup in India on 24 June and 26 June
Rohan Bopanna with Romanian Partner wins Euro 574,965 Stuttgart Open Title
Ex-Servicemen go on Indefinite Hunger Strike Today on Demand of Implementing "One Rank, One Pension" Scheme
Harinder Pal Sandhu has to settle with Runners up Title at US $10,000 Christchurch International Squash Tournament
Indian Government to boost Economy with Rs 17.77 Lakh Crore Investment in Roads, Shipping, Agriculture
Board Approves Merger of Cairn India, Vedanta in $2.3 billion All Stock Deal
Indian Government will Intervene in Infosys-TCS H1B Visa Issue when Need Arises
Sources in the ruling party of India say that BJP leaders are working overtime to iron out the differences within the party and its ideological organisation Rashtriya Swayamsevak Sangh (RSS) on certain legislation of the newly drafted Land Acquisition Bill. Reports say that RSS functionaries are calling some of the legislations “pro corporae”. However, on these points, the BJP leaders have assured them that the lands will be acquired for infrastructural projects. In an effort to smooth out the differences on Land Bill, Amit Shah (National President of BJP), Ram Madhav (GS of BJP), and Ramlal (GS-Organisation) met leaders of the saffron party’s mass organisations such as Bharatiya Mazdoor Sangh (BMS), Bharatiya Kisan Sangh (BKS), Swadeshi Jagaran Manch (SJM), Grahak Panchayat, Vanavasi Kalyan Ashram, and Sahakar Bharati a fortnight back. Law minister Sadanand Gowda told media that land acquired along Industrial corridor will be government property solely.
Jharkhand’s Chief Minister and senior BJP leader Raghuvar Das today took a swipe at Bihar CM Nitish Kumar by referring to him as “arrogant and proud”. He went on to say that people of Bihar will teach him a lesson during the upcoming assembly election. The reaction comes within 24 hours of Nitish taking dig at both Prime Minister Narendra Modi and National President of BJP Amit Shah. Das asked Nitish to practice Yoga for controlling his arrogance. Nitish Kumar sent back the salvo opened yesterday by Communications and IT Minister Ravi Shankar Prasad by asking the latter to watch the frequent call drop issue of BSNL rather than attacking “Janata Parivar”. In a press conference in Patna, RJD chief Lalu Prasad Yadav targeted BJP-led Union government by saying they failed to fulfill their promises. Sources say Left parties will fight it alone and will not join Janata Parivaar led “secular alliance”.
Science and Technology
Flurry’s Vice President of Analytics and Marketing, Jarah Euston, said that Yahoo is going to organise a Mobile Developer Meetup in India for the first time ever to tap the rapidly increasing as well as vibrant base of app developing community. Jarah also said that Yahoo Mobile Developer Suite will help the app developers in building their own application development business, monetise them, and at the same time create better experiences for users. These aspects will help the app developers sustain themselves in the already crowded app developing market. While the first Mobile Developer Meetup in India will take place on 24 June in New Delhi, the second one will be on 26 June in Bangalore. Reports say that at the meetup, the app developers will have first look of new Yahoo Mobile Developer suite and can also network with other developers from across the country.
India’s promising tennis player Rohan Bopanna along with his Romanian partner Florin Mergea clinched the Euro 574,965 Stuttgart Open Title yesterday at Tennis Club Weissenhof’s grass court in the men's doubles segment. The Indo-Romanian duo beat the Alexander Peya (Austrian) and Bruno Soares (Brazilian) pair in the final match of the tournament 5-7, 6-2, 10-7. With this win, Bopanna wins four titles this year. However, this is his second title win this year with Romanian Florin Mergea. Last month, they won the Madrid Open clay court championship in the men’s doubles segment. In the match Indo-Romanian pair won 64 points out of 120 points. The match started on an even pace but the Austrian-Brazilian duo broke serve and won the first game 7-5. However, Bopanna- Mergea pair fought back well and didn’t give a single break point chance to the opponent throughout rest of the game.
After carrying out nationwide protest rally, ex-servicemen have today started their relay hunger strike at Jantar Mantar, protesting against delay in implementation of One Rank, One Pension scheme. Reports say that different batches of 50-55 ex-servicemen have started their relay hunger strike of 24 hours each and the protest will continue until OTOP is implemented. Indian Ex-Servicemen Movement’s (IESM) President, Maj Gen Satbir Singh (retd), said that they will not budge until and unless OROP is implemented. In an extreme form of protest yesterday, IESM announced signing a petition in blood and sending it to President Pranab Mukhrjee as well as Prime Minister Narendra Modi. In a programme on border security in Jaipur, Defence Minister Manohar Parrikar asked agitating ex-servicemen to be patient and reassured them of OROP’s implementation. Congress spokesperson P L Punia today said that his party is extending support to demands of ex-servicemen.
India’s ace squash player Harinder Pal Sandhu lost to Declan James of England in the final match of US $10,000 Christchurch International Squash Tournament. Final score of the game in favour of the winner is 8-11, 12-10, 11-9, 11-6. The four game match went on for 67 minutes. The Indian squash sensation started the game aggressively and wrapped up the first game at 11-8. In fact, the second game was also a thriller but Sandhu lost it 10-12. In the 3rd game, Harinder Pal Sandhu started off well and led the game 7-3 at one point. Declan James fought back and leveled the score 9-9 and ultimately pulled up the game in his favour 11-9. The fourth game was almost a no-match as James won it 11-6. While the India dominated the court through quick movements, the English player was better in quicker movement and pick-up.
With indirect tax collection increasing at a rate of 39.2 per cent during April-May 2015 in comparison to same period last year, Finance Ministry has asked other ministries as well as departments to “front load expenditure”. In sharp contrast to earlier years when public expenditure was squeezed, total expenditure for 2016 financial year is pegged at Rs 17.77 lakh crore. Finance ministry sources say that in absence of any economic stimulus, not much impressive private sector investment, and not so liberal stance from RBI in interest rate cut, the ministry believes that spending is needed to jack up growth. Ministry has accordingly asked the different departments to ensure spending in four major areas including roads, shipping, agriculture, and rural development. The concerned official from the finance ministry said that impetus to growth can be given if early spending can be done.
Vedanta Resources has announced merger of profit making Cairn India Ltd. and Vedanta Limited. Vedanta Ltd. now holds 60 per cent stake in Cairn India and the merger will help the former to access the huge cash reserve of Cairn India, to the tune of Rs. 16,800 crore. Merger is expected to be closed by 31 March 2016. With the finalisation of this deal, parent company Vedanta Resources Plc’s stake at debt heavy Indian arm Vedanta Ltd. will come down from 62.9 per cent to 50.1 per cent. Effective swap ratio is 1:1.04, which includes preference share. The concerned all-share deal is worth US $2.3 billion and after the merger the entity will become biggest diversified natural resources player of India. At 3.30 pm IST, Cairn India was up 3.18 per cent and Vedanta Ltd. was down by 1.50 per cent.
Ravi Shankar Prasad, Communications and IT Minister, has said that Indian government will intervene at the right time when the actual need arises to safeguard the interests of Indian IT behemoths Infosys and Tata Consultancy Services (TCS). The announcement comes after the circulated reports say that US has not only geared up to investigate immigration law violation but also scrutinising some other contracts signed by other Indian outsourcing countries including Cognizant. R Chandrashekhar, President of Nasscom, has said that this kind of investigation may have serious long-term ramifications on businesses of different Indian outsourcing companies. He also stressed on the fact that Nasscom is dismayed by the sudden creation of hostile environment by US administration. IT Minister Ravi Shankar Prasad said the Indian government believes that both Infosys and TCS will able to address the concerns of the USA.