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Major News and Events of 17 November 2012

What Happened on 17 November 2012


Bal Thackeray passed away at 3.33pm

Shiv Sena chief Balasaheb Thackeray,86 breathed his last at 3.33 p.m., his doctor Jaleel Parker informed the people outside his residence Matoshri. His body will be kept at Shivaji Park to ensure people can pay their last respects from 7 a.m. on Sunday. Thackeray's body would be cremated on Sunday evening at a crematorium beside Shivaji Park.There was no panic or untoward incident as a reaction to his death but in Mumbai, shops and establishments, restaurants shut down, cinemas cancelled shows and functions were called off or postponed.5,000 Shiv Sainiks cried outside Matoshri.

Pakistan Army wants peace, India should take initiative: Musharraf

Former Pakistan president Pervez Musharraf stated that the Pakistan Army which is perceived as anti-India, was actually in favor of sorting out the Kashmir issue, "the root cause of dispute", and emphasized that New Delhi should take steps in creating peace between the two neighbors.With an aim for a new beginning to relations with India, Musharraf said that sorting the disputes over the Siachen Glacier and Sir Creek marshlands, were "doable" and said that the right niyat (intention) was required to solve these issues.

India's forex reserves dipped by $781 million

India's foreign exchange (forex) reserves dipped by $781.5 million for the week which ended on Nov 9, as per Reserve Bank of India (RBI) data.The reserves reduced by $950.3 million to $294.34 billion for the week ended on Nov 2. The forex had increased by $55.6 million to $295.29 billion for the week which ended on Oct 26.The foreign currency assets (FCA) dipped by $751.8 billion at $258.70 billion. Gold reserves value remained static at $28.18 billion since the week ended on Nov 2, when the value of gold reserves increased to $28.18 billion.The special drawing rights (SDRs) fell by $19.6 million to $4.40 billion during the week under review while reserves with the International Monetary Fund (IMF) went up to $2.25 billion with an increase by $10.1 million.

New cricket ground in Wayanad

A new cricket ground in the picturesque hilly district of Wayanad near Sulthan Battery 900 metres above sea level has become the second such stadium in the country, after the one at Dharamsala in Himachal Pradesh. It is situated a stone's throw from the National Highway to Mysore, and has mountains on three sides offering a stunning view. T.C. Mathew, secretary of the Kerala Cricket Association, said the ground was ready and in the first phase Rs.6.5 million were spent as cost of the land and Rs.25 million to convert it into a cricket ground.The second phase will begin soon and the project will cost around Rs.30 million project where a stadium and rooms will be constructed. The process is expected to get over by April next year.

'JTHJ' makes Rs.60.39 crore in four days

"Jab Tak Hai Jaan" (JTHJ) has made Rs.60.39 crore at the box office within four days of its release.The film got Rs.15.23 crore (Tuesday) Rs.19.54 crore (Wednesday), Rs.14.45 crore (Thursday) and Rs. 11.17 crore (Friday).Produced by Aditya Chopra under the family banner Yash Raj Films, JTHJ was made at a budget of Rs.50 crore.The overseas collections is $4.75 million (Rs. 26 crore). The overseas figures - $1.30 million (Tuesday), $1.20 million (Wednesday), $1 million (Thursday) and $1.25 million (Friday).

Facebook introduces 'LinkedIn-type' job-hunting app

Facebook has introduced a new application that lets candidates choose job vacancies and recruiters on the world's largest social networking site.The new service has around 1.7 million jobs from partners including Monster Worldwide and BranchOut.Marne Levine, Facebook's vice president for global public policy stated,"By allowing job seekers to view and share job openings based on personalised criteria, like location and industry, the Social Jobs Application builds on our broader effort to help people use social media to find jobs in the US."The online app emulates Facebook's introduction of the Social Jobs Partnership last year with the US Department of Labor and other agencies. This appears as a direct competition to LinkedIn.