Major News and Events of 18 February 2016
What Happened on 18 February 2016
Kerala plans to offer short-term liquor license to hotels
Freedom 251 Smartphones bookings stopped
MP schools shut down amid PM Modi's rally
Unitech instructed to refund money, basis delayed projects
ISRO Orbiter to scan India's air
BJP-led 'Pro Farmer' Plan launches today
Sensex & Nifty open on a positive note
Mumbai teacher shortlisted for Global Teacher Prize
Sensex and Nifty have scaled for the second consecutive day, courtesy the broad-based buying. Additionally, the Asian stocks also rose across the boards with crude oil stocks expected to witness profit. While the broader NSE Nifty ended at 1.17 per cent or 83 points higher to close at 7,192; the benchmark BSE Sensex scaled by 1.14 per cent or 267 points to close at 23,649.
Kerala is planning to issue short-term liquor license to hotels holding meetings, incentives, conferences and exhibitions (MICE). The decision is believed to an excellent initiative to resuscitate the MICE segment of tourism business which was severely hit by the liquor ban in Kerala. Presently, only five-star hotels in the state are permitted to serve liquor.
Science and Technology
Smartphone buyers intending to purchase the all-new Freedom 251 were facing issues in booking the phone. With the option to buy the smartphone having disappeared completely, the owner company Ringing Bells has stopped all booking as their servers have been overloaded. Currently, clicking on the ‘Buy Now’ button on the freedom251.com website will redirect you to an error page.
Today, a majority of schools in Madhya Pradesh have been shut down by the authorities in order to procure thousands of buses that are required to ferry a gigantic 500,000 farmers for a massive rally by Prime Minister Narendra Modi scheduled to take place in Madhya Pradesh’s Sehore district. Popular CBSE schools including St. Joseph’s Content Idgah Hills, Holy Family and Bal Bhawan remain closed in addition to deferred international examinations.
The National Consumer Disputed Redressal Commission (NDRC) has directed leading real estate developer, Unitech Ltd. to refund an amount of around Rs. 4 crore to a group of home buyers for the delay caused in providing them possessions of apartments in Gurgaon. Unitech was supposed to give the possession within 36 months from the date of agreement signed for the Vistas project in Sector 70, Gurgaon.
Science and Technology
The Space Applications Centre (SAC) of ISRO has collaborated with Space Flight Laboratory (SFL) of University of Toronto Institute for Aerospace Studies on developing the ‘Next Generation Earth Monitoring and Observation and Aerosol Monitoring’(NEMO-AM) satellite. This nano-satellite will be monitoring suspended particles and aerosols that have polluted the air of Indian cities including Delhi, Lucknow, Amritsar, Ahmedabad and Allahabad.
Seen as an initiative to strengthen its leadership among the agrarian community, the BJP would be rolling out its ‘Pro Farmer’ plan today. Prime Minister Narendra Modi will be addressing four farmer rallies across four different states over the span of next few days. Today, he would be unveiling the plan among farmers in Madhya Pradesh’s Sehore district. He would be announcing new schemes for farmers.
Today, while the BSE Sensex rallied over 300 points, Nifty moved closer to its vital psychological level of 7,200 supported by positive global cues. Also, with the PSU banks performing brilliantly, Union Bank, SBI and Bank of Baroda are also expected to perform phenomenally during rest of the day. Traders are expected to exit at 7,200-7,250 for making small gains.
Robin Chaurasiya, co-founder of a Mumbai-based non-profit organization Kranti that educates sex workers’ daughters has been shortlisted for the Global Teacher Prize that is given out annually by the Varkey Foundation. Worth USD 1 million, this award also has other nominations including teachers from Britain, Kenya, United States, Finland, Australia, Japan, the Palestinian Territories and Pakistan. The winner of the award will be announced in March.