Major News and Events of 18 December 2015
What Happened on 18 December 2015
HC refuses to stay release of Nirbhaya's Juvenile Rapist, To be set free on Dec 20
Mother Teresa to be Canonised as Saint Next Year
Google CEO Sundar Pichai dreamt of becoming a Cricketer
Micromax to shift entire Phone Manufacturing from China to India
GDP Growth Rate down at 7 to 7.75 per cent during Mid-Year Economic Review
RBI asks Banks to review lending rates frequently from April 1 to pass on Policy rate cut to Borrowers
RS Chairperson Hamid Ansari calls All Party Meeting to Request Opposition Parties to End Logjam
Delhi CM opens new front by alleging Union Government has asked CBI to Finish off Opposition Parties
11 BJP MLAs along with 21 Congress rebel MLAs (out of the 60 member assembly) met at a community hall, as Arunachal Pradesh assembly building was sealed for 2 days (questioning governor’s action), of a hotel and passed a no-trust motion against the current government. They also impeached the current speaker of the house. Chief Minister Nabam Tuki had boycotted the make-shift assembly at a hotel along with his 26 supporting lawmakers and termed the proceedings “illegal and unconstitutional". Gauhati High Court has called Governor Jyoti Prashad Rajkhowa’s action partisan and consequently put an hold on the proceedings of the assembly till February 2.
Delhi High Court has refused to stay release of the juvenile criminal out the 6 rapists of the infamous 2012 Delhi gang rape case. HC has observed that as per current juvenile justice act, a juvenile criminal can’t be detained more than 3 years. Juvenile Justice Board has been asked by the HC in taking a final call on rehabilitating the juvenile. Nirbhaya’s mother, Asha Devi, broke down after hearing the verdict and said that crime has won but she will continue her fight. Nirbhaya’s mother, urged the lawmakers to act so that the criminals don’t get freed after committing such crime. The juvenile criminal is scheduled to be set free on Sunday.
Mother Teresa is likely to be canonised as Saint by the Vatican next year as reports say Pope Fransis has recognized Mother’s second medical miracle. A panel of experts agreed that Mother Teresa miraculous healed multiple brain tumours of a Brazilian man. The first miracle attributed to the Mother was that of the miraculous healing of Monica Besra’s abdominal tumour, recognized during late Pope John Paul II’s tenure in the year 2003. If reports of Avvenire are to be believed, Mother Teresa’s canonisation ceremony is going to be hold as early as September 2016.
While talking to Shri Ram College’s students, CEO of Google, Sundar Pichai, has said that in his childhood he wanted to be a cricketer. He also added that initially he was a huge fan of Sunil Gavaskar and latter he revered another cricketing legend Sachin Tendulkar. Sundar Pichai also said that he enjoys watching both the test and one-day formats of cricket but not the faster T20 format. He also found some time to play cricket with some local residents at India Gate. Google CEO also said that he is basically a football fan and loves watching Lionel Messi, Barcelona FC star, play.
Science and Technology
Leading indigenous tech giant Micromax has announced that by the year 2018, they will shift their total manufacturing set up back from China to India, owing to the latter’s lowering cost of production. Rahul Sharma has said that currently less that 2/3rd of its products are assembled in India. However, he added that complete home production is now making sense because of the expanding network of local component suppliers, on one hand, and increasing cost of Chinese labour, on the other. He went on to say that India has become much cheaper than China, especially when manpower in taken into consideration.
In the mid-year economic review, Finance Ministry has come down on the full year economic growth forecast from the earlier announced (in February 2015) 8.1 to 8.5 percent to 7 to 7.5 percent now. Reports say that some of the factors that made the finance ministry bring down the forecast include weak global demand coupled with farm output risk due to drought. During 2015-16 fiscal’s first half, Indian economy grew at 7.2 per cent rate. Finance ministry’s report said that there has also been a subdued export growth due to fall in world demand for Indian merchandise, dependant on falling world demand.
Reserve Bank of India (RBI) has said that effective from April 1, 2016, it will become mandatory for the banks to review lending rates frequently so that they can pass on the policy rate cuts, as and when announced by the apex bank, to the borrowers. Reports say that the new lending rates will now be known as Marginal Cost of Funds-based Lending Rate (MCLR), whose computation can be done on the basis of banks’ incremental cost of funds (also called marginal cost of borrowing). Till now, the computations are done on the basis of average cost of funds.
With winter session of the Rajya Sabha coming to an end on December 23 and continued standstill holding up the pending bills, Rajya Sabha Chairman Hamid Ansari today called an all party meeting for ending the logjam. Reports say that an all-party consensus has been reached on passing 6 bills (Arbitration and Conciliation Amendment Bill, Commercial Courts Ordinance Bill, Atomic Energy Amendment Bill, Anti-Hijacking Bill, Appropriation Bills, and SC/ST (Prevention of Atrocities) Amendment Bill). MoS for Parliamentary Affairs Mukhtar Abbas Naqvi said that the main opposition party Congress has not made its stand clear regarding GST Bill.
Tussle between Delhi government and Union Government reached a new low with Delhi CM Arvind Kejriwal making allegations that a CBI officer told him that the department has been asked by the central government to target opposition political parties and finishing them off that “don’t fall in line”. However, Parliamentary Affairs Minister M. Venkaiah Naidu has today refuted the claims of Arvind Kejriwal and called the allegations “baseless”. Another Union minister Jitendra Singh also criticized Delhi CM for making such allegations and went on to reveal the name of the CBI officer who gave him this information. Singh also said that government didn’t interfere with CBI’s functioning.