Major News and Events of 18 January 2016
What Happened on 18 January 2016
French troops to march down Rajpath on Republic Day
ISRO Navigation Satellite to be launched on Jan 20
CNG scam behind Odd Even Rule, alleges woman
Indian becomes #2 fruit producer in the world
Higher provisions, higher interest income for Kotak Mahindra Bank
IPL 2013 & 2015 spot-fixing invites ban for Chandila and Shah
Alleged assaulting lands Nawazuddin Siddiqui in judicial trouble
Fire breaks out at Andheri (East) building
Sensex to open lower with Wipro under lens
After having experienced strong dislike by the Indian capital Delhi, the 5.8km long stretch i.e. the BRT(Bus Rapid Transport) corridor would be dismantled tomorrow afternoon. The BRT corridor was created by the government of Sheila Dikshit for a whopping sum of Rs. 150 crores and was intended to allow buses to shuttle travellers through a lane free of traffic lights.
For the very first time in the history of India’s Republic Day celebrations, a contingent of French troops would be marching down the Rajpath. Accounting to the French President Francois Hollande, who would be the chief guest for this year’s Republic Day celebrations, a French contingent comprising 56 personnel of the 35th Infantry Regiment of the 7th Armoured Brigade would be marching with the Indian soldiers.
Science and Technology
The Indian Space Research Organisation has announced the launch of India’s fifth Indian Regional Navigation Satellite IRNSS-1E on 20 January 2016 at 9:31 a.m. The 48-hour countdown for the launch of rocket Polar Satellite Launch Vehicle(PSLV-31) carrying the Indian Regional Navigation Satellite System IRNSS-1E has already begun in the Sriharikota rocket port located in Andhra Pradesh and would be put into orbit the 1,425 Kg IRNSS-1E satellite.
A 26-year-old woman, Bhavna Arora, who threw ink at the Delhi Chief Minister Arvind Kejriwal at the AAP gathering on 17 January 2016, has alleged a “big CNG scam” behind the Odd Even formula that was applicable in Delhi from 1 January to 15 January. She intends to submit papers/ sting pertaining to the scam and is also demanding a prompt investigation into the matter. Bhavna was earlier denied a meeting with the CM and Delhi Transport Minister regarding the purported CNG scam.
The ending of the green revolution that started in 1960s and 1970s has made way for India to become the second largest fruit producer in the world after China. Robust annual growth in the country’s horticulture has witnessed a commendable production of fruits as compared to vegetables. While grapes have been exported to a maximum with 107.3 thousand tonnes valued at Rs. 1,086 crore in 2014-15, other fruits that have recorded a bumper harvest include banana and mango.
Kotak Mahindra Bank has recorded a net profit of Rs. 635 crore with an increased net interest income of Rs. 1,766 crore. However, higher provisioning for bad loans has hit the bank shares. Kotak Mahindra Bank made a provision of Rs. 235 crore in the December quarter as compared to Rs. 30 crore in the year ago duration, followed by Rs. 176 crore in the September quarter.
A life ban and five-year ban has been imposed on Ajit Chandila (former Rajasthan Royals player) and Hiken Shah (Mumbai Ranji Trophy player) respectively. The Board of Control for Cricket in India (BCCI) has handed these bans for the players’ involvement in spot-fixing in the 2013 and 2015 editions of the Indian Premier.
A police case has been filed against actor Nawazuddin Siddiqui for allegedly assaulting a woman over a minor dispute at the parking space in the housing society located at Yari Road in suburban Mumbai. The 24-year-old woman has claimed the actor slapped him during the exchange of words. The Versova Police has registered an FIR against Siddiqui under Section 354 of the Indian Penal Code.
A minor fire broke out this morning on the fifth floor of the Times Square building located in Mumbai’s Andheri (East) suburb. With no human loss/injury reported till now, the fire has been brought under control with the help of eight fire engines that were sent to the spot immediately. The building houses a good collection of corporate and IT offices.
Today, both the BSE Sensex and Nifty are set to open lower, basis the weak Asian markets. With the Oil prices hitting their lowest since 2003, the Iranian exports witnessed a commendable jump. Rupee fell to 67.70 per dollar against Firday’s close of 67.60. Wipro-India’s third largest IT exporter recorded a net profit of Rs. 2,480 crore on revenue of Rs. 12,310 crore in Q3.