Major News and Events of 19 July 2012
What Happened on 19 July 2012
Pawar and Patel submit resignation
Small and light commercial vehicles in India to record 18 percent growth
BOC India net profit slide by 24.65 percent in Q2
India needs to beat Sri Lanka in all the matches to return to top slot
Aashirwad may be transformed into Rajesh Khanna museum
Reliance Communications launched its upgraded 3G tablet priced at Rs.14,499
Rahul Gandhi has stated that he was ready for a "more proactive role in the party and the government". This has led to number of speculations and the Congress party has specified that he will be soon number two in the party after his mother Congress president Sonia Gandhi. Rahul Gandhi also added that the decision of him playing an active role has already been taken now only the timing has to be decided by the leadership. This is the first time he has openly expressed about his willingness to play an active role in the government.He is seen by many as the future prime minister of India.
The United Progressive Alliance (UPA) has again a challenge to face in its allies. This time Nationalist Congress Party (NCP) chief Sharad Pawar and his lieutenant Praful Patel have tendered their resignations from the government. The reason supposedly is the way Congress has "denigrated and humiliated the coalition". The Prime Minister is not going to accept the resignations as per the sources. The NCP with which the Congress shares seats in Maharashtra is displeased with the fact that Agriculture Minister Pawar did not get number two slot after the exit of Pranab Mukherjee. Pawar and Patel did not attend the cabinet meeting. This is the first time in eight years that NCP has boycotted a cabinet meeting.
BOC India (BOCI), the Industrial gas manufacturer which is a member of Germany-based The Linde Group has stated a 24.65 percent slide in its net profit for the second quarter to Rs.203.19 million from Rs.269.68 million in last year. The firm though has reported net sales of Rs.3,424 million to Rs.2,470 million in the same period last year leading to an increase of 39 percent. There was a sales growth of 15 percent in the gases business of the company when compared to the corresponding period last year.
The Indian small and light commercial vehicle (SCV and LCV) segment is poised to record a compounded annual growth rate (CAGR) of 18 percent over the next five years. It is scheduled to reach around 830,000 units by 2016 as per the consultancy firm Frost and Sullivan. These two segments, SCV and LCV are rapidly growing in the world. Factors like growth of SEZ, urbanization and infrastructural development have all contributed to the robust growth of these two segments in India. Future demand for these vehicles is going to be driven by factors like prevalence of small lanes which are suitable for the small vehicles. Many international vehicle manufacturers are keen to target this segment and are setting up plants in India. New products, variants with features and price distinction are being worked upon.
India has got a chance to jump to the number one position in the ICC One-day International team rankings again. The team enjoyed this position for a short time in September 2009. The team is now at 4th position in the rankings and they need to win all the matches to achieve this feat and remove toppers Australia from that position. The ranking table is very competitive now with each of the four teams distinguished by a margin of two points. Between the top position holder Australia and India there are South Africa and England.
Late superstar Rajesh Khanna's bungalow may be changed into a museum according to his daughters' wish. Sources close to his family have said that discussions on this are on but no final decision on this has been taken. This would be decided after Rajesh Khanna's 'chautha'. This museum will have all the invaluable things belonging to him and would be named as Rajesh Khanna Museum. Rajesh Khanna passed away at the age of 69, on July 18 after suffering from liver infection. He is survived by his two daughter Twinkle and Rinke and his estranged wife Dimple Kapadia.
Science and Technology
Reliance Communications launched its upgraded 3G tablet priced at Rs.14,499.The company was the first operator in the country to offer tablets for both 3G and CDMA networks.The features in the tab include a 7-inch capacitive touch screen, Android 2.3 operating system, a high speed processor of 1.4GHz, 512 MB RAM,3.0 MP rear camera and a front camera, 5 point touch experience. The tablet's weight is 402 grams.It allows video calling supported by Reliance's IP based 3G network across 13 circles that is 333 towns in India. There is more to cheer for the 3G customers as Rs 6250 worth of free benefits is available to them which includes 3 months of free video calls, local and STD to Reliance 3G, 3 GB 3G data for a period of 3 months, free voice rental for postpaid customers for a period of 12 months as well as global calling card worth Rs 250.