Major News and Events of 19 September 2012
What Happened on 19 September 2012
Congress states to raise limit on subsidized LPG cylinders
India Inc requests the government not to roll back reforms under pressure
Five Indian Americans feature in Forbes 400 richest
India beat Afghanistan by 23 runs in an unimpressive show
Heroine' in safe zone and would earn profits: Bhandarkar
India tests Agni-IV missile
The opposition parties will organize a nationwide strike on Thursday to demand a rollbackof the hike in diesel prices, cap on subsidized cooking gas cylinders and FDI in retail.Samajwadi Party, the Communist Party of India-Marxist (CPI-M), the Communist Party of India, the Telugu Desam Party, the Biju Janata Dal, the Janata Dal-Secular, the All India Forward Bloc and the Revolutionary Socialist Party intend to organize picketing, demonstrations and court arrest, said a CPI-M release.'Bharatbandh' will also be held by BJP.While Trinamool Congress announced its decision to pull out of the government, another ally DMK joins the protests against the center's economic reforms.
The Congress directed the party-ruled states to raise the limit on subsidized cooking gas cylinders from six to nine at the rate of Rs.399 a cylinder. At the party's core group meeting at Delhi the decision was taken by Congress chief Sonia Gandhi. This was announced by party general secretary Janardan Dwivedi and reiterated by Information and Broadcasting Minister Ambika Soni. Non-subsidized cooking gas cylinders costs Rs.750 a cylinder.
India Inc asked the government not to roll back the recent reform measures like FDI in multi-brand retail and hike in diesel prices. If government rolled back its decision under political pressure then it would raise doubts about the government's ability to take policy decisions and can affect business sentiments adversely. R.V. Kanoria, president, Federation of Indian Chambers of Commerce and Industry (FICCI) stated that it may send a message that government is not efficient to take a decision. Kiran Mazumdar Shaw, chairperson and managing director of Biocon, specified that FDI in retail will be helpful for the Indian economy. Anand Mahindra, chairman of Mahindra & Mahindra, also requested the government to stick to the reform process.
Five Indian-Americans feature in the Forbes magazine's annual list of the richest people in America. Microsoft Corp chairman Bill Gates has maintained the top spot with $66 billion, up $7 billion from 2011 in this list. Bharat Desai and family with a net worth of $2 billion at 239th place tops the Indian-Americans' list. He started as a programmer for Tata Consultancy Services and left the company four years later to start Syntel with his wife.Romesh T. Wadhwani (No. 250), Founder and Chairman, Symphony Technology Group, with a net worth of $1.9 billion is next in the list. His business software firm Aspect Development has more than 10 different enterprise software companies.Third is Kavitark Ram Shriram (No. 298), Managing Partner, Sherpalo Ventures, with a net worth of $1.6 billion. He is among the first people to write a check to Google co-founders Sergey Brin and Larry Page in 1998. Indian-born Manoj Bhargava (No. 311) with a net worth of $1.5 billion is at 4th spot. He has a 90 percent-plus market share in the energy shot sector with a two-ounce caffeine and vitamin elixir, 5-Hour Energy. The last person on the list is Venture capitalist Vinod Khosla (No. 328) founder of the Khosla Ventures with a net worth of $1.4 billion. With a vision to develop cleaner energy sources he was a huge supporter of biofuel producers Kior and Gevo, both of which went public in 2011.
India beat Afghanistan by 23 runs in their opening match of the World Twenty20 at the R. Premadasa Stadium in Sri Lanka after a scare that the game may have slipped from them.Afghanistan were all out for 136 runs with three balls to spare while chasing a target of 160.Left-arm spinner Yuvraj Singh (3/24) and Lakshmipathy Balaji (3/19) struck through the Afghanistan batting with their tight bowling.The limelight though was stolen by Virat Kohli, who made a valuable 50 that helped India score 159 for five in 20 overs. Kohli was Man of the Match. Afghanistan restricted India to a modest total but gave away the match with dropped catches and bad fielding. They came close to the target but lost wickets at regular intervals, Mohammed Nabi (31), Karim Sadiq (26) and skipper Nawroz Mangal (22) were the prominent contributors.
Director Madhur Bhandarkar is ready with the release of "Heroine", which reveals the truth behind an actress' life. He said he is confident that the movie would earn profits and is in a safe zone. Made on a moderate budget of around Rs.22 crore to Rs.23 crore with additional marketing and promotion costs, the total cost of the movie was around Rs.32 crore. The movie will release in around 2,300 theaters. The movie will release on Friday and has Kareena Kapoor along with Randeep Hooda and Arjun Rampal.
Science and Technology
India on Wednesday successfully did the testing of its nuclear-capable surface-to-surface Agni-IV missile from a military base in Odisha,off the coast near Dhamra in Bhadrak district, about 200 km from Bhubaneswar. This is a new generation missile, which has the capacity to hit targets at about 3,500 km away. The test was said to be successful and conforming to all the mission objectives as stated by Defence Research Development Organisation (DRDO) spokesperson Ravi Kumar Gupta.