Major News and Events of 20 June 2015
What Happened on 20 June 2015
LG G4 with DSLR-type Camera Launched in India at Rs. 51,000
Intelligence Bureau Issues Alert on Eve of International Yoga Day
Indian Sugar Mills Bagged Major Export Deal for the First Time in Months after Reports Revealed Dipping Export Figures
Arun Jaitley says Global Investors Can't Ignore Indian Economy; Vouches for 8-9 Per Cent Growth Potential
BJP defends Vasundhara Raje and Sushma Swaraj on Lalitgate; Congress Hits back with "Lalit-Asana"
Indian team of snookers, including Aditya Mehta and Pankaj Advani, has entered the quarter final match of Snooker World Cup, played in Wuxi, China. In the final round robin match, Indian team beat Singapore 4-1 and secured their place in the quarters. In the Group A of the round robin, India finished second, coming after China, the defending champion. India could have topped Group A if they didn’t lose to China 2-3 on the very first day of the Snooker World Cup. Indian snooker team first defeated Austria as well as Norway with identical outcome 5-0. However, India had to battle it out with Malta to win the tie. The final score against Malta is 3-2. In the quarter final match, India will have face off with Belgium team. In another knockout quarterfinal match, China will face Scotland.
Science and Technology
LG G4 has finally been launched in India at Rs. 51,000. Its 5.5 inch display comes with Quad HD (2560x 1440 pixels) resolution and 538 ppi pixel density. G4 sports unique leather back (brown, black, sky blue, red, yellow, and beige) and boasts of DSLR-type camera having manual controls and F1.8 aperture (capable of allowing 80 per cent more light to pass through than that in LG G3). G4 runs on Android 5.1 Lollipop OS and is powered by Qualcomm Snapdragon 808 processor with X10 LTE. While the primary camera has 16MP sensor, the camera in the front-end has 8MP sensor. Some of the other notable features of LG G4 are dual-LTE connectivity support, dual SIM, 3GB RAM, 3000 mAh battery, etc. Besides leather back, the other rear cover options available are lustrous, Shiny Gold, artisan-forged Metallic Gray, and pure Ceramic White with 3D patterns.
Intelligence Bureau (IB) has issued alert in New Delhi, just a day before International Yoga Day celebration at Rajpath on 21 June. IB has said that aerial objects may be used for carrying out attack and that’s why security agencies have been asked to be extra cautious. Accordingly, Delhi police has banned all flying objects near the vicinity to annul the aerial threat. Reports say that the flying objects banned in the list include micro light objects, glider, balloons, kites, and even drones (used for photography). It is learnt that 30 companies of security personnel (including diplomats, NCC cadets, government officials, etc.) have been deployed around Rajpath and adjoining areas for warding off threat on International Yoga Day. With Prime Minister Narendra Modi along with 35,000 yoga practitioners expected to attend the early morning 35 minute yoga drill programme tomorrow, 5,000 armed security personnel will guard the venue.
Indian sugar mills have bagged a major deal (worth $1,70,00,000 - $1,72,50,000). As per reports, this is one of the first major big deals seen by the industry in months. Recently published data showed that India's goods export fell 20.19 per cent in May 2015, straight sixth month fall in a row. Indian sugar mills have bagged a 50,000 tonnes white sugar contract to be delivered to Turkmenistan, Afghanistan, Myanmar, and Sri Lanka. Reports say, per tonne is priced anything from $340 to $345 and the cargoes will be shipped in the coming month. Market reports say that sugar mills have opted for export after the ex-mill price of sugar per tonne has fallen to Rs 19,200 in Indian market. Sugar prices are witnessing a correction currently due to its over-production. Sugar stocks have soared 37 per cent since last year to 10.3 million tonnes, as on October 1, 2014.
During a discussion session organised by Columbia Business School in New York, Union Finance Minister Arun Jaitley said that the Indian economy has the potential of growing anything from 8 to 9 per cent in the coming 1-2 years and therefore the global investors can’t ignore such a robust economy. However, he took a jibe on the previous governments by saying that investment didn’t come to India earlier because of the policy instability, particularly those related to taxation. Boasting performance of Narendra Modi government, Jaitley underlined that FDI in India increased by 39 per cent in the last one year, increasing almost at the same pace as FII investment. After reaching Washington from New York, Arun Jaitley said at American Enterprise Institute that it is “reasonably possible” for Indian economy to grow at 10 per cent, following massive investment in infrastructure, ongoing economic reforms, and a possible good monsoon.
BJP has defended both External Affairs Minister Sushma Swaraj and Rajasthan CM Vasundhara Raje by saying there are "no technical or legal" basis of the allegations made against them on Lalitgate. BJP also rejected Congress’s demand of both Raje and Swaraj’s resignation. Spokesperson of BJP, Sudhanshu Trivedi, said during a press meet that the documents produced against Vasundhara Raje are not verified yet. He also called the corruption charges, leveled by Congress, “laughable”. Meanwhile, Congress and Left asked for removal of both Sushma and Vasundhara and threatened to stall the parliament during monsoon session if not removed. Congress’s Jairam Ramesh took pot shot at PM Narendra Modi by calling his silence on the issue as “Lalit-Asana”. ED is currently looking into the alleged sweetheart deal Raje’s son Dushyant Singh entered with Lalit Modi and the discrepancies it has with the IT return filed by Singh.