Major News and Events of 21 April 2015
What Happened on 21 April 2015
Sachin Pilot says that Rahul Gandhi's Coronation will take place after Consensus within Party
AAP Expels Four Leaders including Rebel Duo Prashant Bhushan and Yogendra Yadav
Amazon India to Start its Online Wholesale Business this Week
Parliamentary Panel Stresses on Enlarging Price Control Ambit
Maharashtra CM Drops Controversial Mumbai Development Plan 2034
BSNL Employees' Unions Call two-day Strike
45 Players Selected from 6 Disciplines for Target Olympic Podium Scheme
Delhi Police Submits Chargesheet to Delhi Court on Corporate Espionage Case
OnePlus One Available in Open-to-all Business Model
Rahul Gandhi Attacks Modi Government in Parliament
Sun Pharma Stocks witness Steep Fall after Japanese Drug Maker Daiichi's Complete Pullout
Wipro Limited’s quarterly result published in 21 April show that total income of the company increased by 2.4 per cent and total revenue to Rs. 12,140 billion in the fourth quarter of 2014-15 fiscal on a quarter-on-quarter basis. However, the profit has slid significantly in the last quarter of FY 2014-15 to Rs 2,141.6 crore on a quarter-on-quarter basis, which is a fall by around 9 per cent. As per Thomson Reuters data, on an average the analysts expected the company to report a profit of Rs. 2,180 billion and Wipro certainly missed the market expectation. Rishad Premji, Azim Premji’s son, has been inducted in the Wipro board and he will assume office in 1 May, 2015.
Congress leader and Young Turk Sachin Pilot has confirmed that Vice President of the party Rahul Gandhi will be promoted to the highest position only after a consensus is reached within the Indian National Congress. However, Pilot remained tight-lipped on revealing as to when Rahul’s pending coronation will take place but confirmed that it will take place after reaching consensus within the party. Sachin Pilot also said that INC is best suited to reflect demographic reality of India that consists of both young and experienced people. He went on to add that Congress will strike the correct balance between experienced people in the party and the fresh blood.
Aam Aadmi Party on 20 April expelled four leaders, including rebel duo Prashant Bhushan and Yogendra Yadav, both founding members of the party, as AAP’s disciplinary committee unanimously found that the expelled leaders carried out anti-party activities that grossly violated party discipline. After the expulsion Prashant Bhushan said that “dreams of a movement have been shattered” and went on to compare AAP’s functioning with that of ‘Khaap Panchayats’. He also added that he feels relieved as the ‘drama’ is now over. Another founding member of AAP Shanti Bhushan, former Union law minister and father of Prashant, called Arvind Kejriwal "new Hitler".
Science and Technology
Amazon India is all set to open its new website this week that will help medium and small companies procure supplies. This is the first-ever supplies chain website of Amazon outside India. The wholesale eCommerce business of Amazon India will be operationalised first in Bengaluru as a pilot service. Amazon India’s country head, Amit Agarwal, said that the new venture of the company will try to address the supplies procurement system inefficiencies non-transparent pricing, poor fill rates, inconvenient delivery options, and huge vendor lead time. This new online wholesale business of Amazon India will be headed by Kaveesh Chawla, who will directly report to Amit Agarwal.
The Standing Committee report on Chemicals and Fertilisers, which was tabled in the parliament on 20 April, recommended bringing in all medicines including the life saving ones under price control so that all of them are available in all corners of the Indian market at affordable cost. The report found it surprising that National List of Essential Medicines doesn’t include all medicines but only 509 formulation packs. It observed that “all medicines are essential” and recommended enlarging the scope of price control. The Committee urged the government of incentivising domestic bulk drug industry and at the same time discourage import by Indian pharmaceutical for making “Make in India” a success.
Devendra Fadnavis government has scrapped an urban planning blueprint named Mumbai Development Plan 2034 after it was strongly opposed by politicians, celebrities, and citizens. The concerned long-term plan, which was released on 16 February, is alleged to have a development agenda that could have cost Mumbai its green zone. Residents of Mumbai’s affluent Pali Hill held a protest march last week against the proposal of allowing hawkers to set up shops on footpaths. Maharashtra CM sought public feedback on the draft development plan by coming Saturday. However, Devendra Fadnavis announced dropping the concerned plan altogether today and asked the authorities to chalk out a new plan in four months.
BSNL Employees’ unions, representing more than two lakh employees, called a two-day strike from today in protest of the government’s lackadaisical attitude towards reviving the loss making state-owned behemoth. VAN Namboodiri, Convener of Forum of BSNL Unions and the Association, told media that BSNL is running in loss solely to meet the commitments of the government. Vouching for BSNL’s revival in the interest of consumers, Namboodiri said that government took around Rs. 40,000 crore from BSNL in form of spectrum price and interest that the state owned company had as cash in the year 2000. He went on to add that the service will remain normal except for cable faults or others where manpower is required.
A sports ministry release said that 45 athletes from six different sporting disciplines (sailing, wrestling, shooting, boxing, badminton, and athletics) have been identified by the ministry as potential medal winners in the upcoming 2016 Rio Olympics. The release also said that these chosen players are therefore included in the TOP Scheme or "Target Olympic Podium Scheme". The sports ministry release noted that 37 athletes have sent their consent letters via email, eighteen have sent programmes or requests to prepare for 2016 Olympics, and twenty three have signed agreement. It is learnt that thirty more players will be included in the TOP scheme from athletics and archery.
Delhi Police, in the chargesheet regarding documents leak case submitted to a Delhi court, said that the arrested top executives of some energy companies used to pay “handsome monthly amount” to the Petroleum ministry staffs - Rakesh Kumar and Lalta Prasad – for stealing and leaking important documents from Ministry of Petroleum and Natural Gas. These accused top executives are Reliance Industries Limited’s Shailesh Saxena, Essar’s Vinay Kumar, Cairns India’s KK Naik, Jubilant Energy’s Subhash Chandra, Reliance ADAG Rishi Anand, journalist Shantanu Saikia, and energy consultant Prayas Jain. Delhi Police claims that the monthly amount paid to these two ministry staffs was around Rs. 2.5 lakhs every month. Hearing on the chargesheet will take place on 18 May.
Science and Technology
To commemorate its one-year of launch in India, OnePlus has decided to do away with the “invitation only” scheme on existing OnePlus One models - 16GB (Silk White) and 64GB (Sandstone Black) – and replace it with open to all buying model. A blog post of the company said that on 23 April, 2014, they had unveiled their flagship killer OnePlus One and to celebrate the success of its sales in the last one year the company has decided to adopt open-to-all business model. Flat 50 per cent discount till 23 April, 2015, has been introduced on select accessories with every purchase of OnePlus One . However, upcoming OnePlus 2 will be available in invitation-only business model only.
Vice President of Congress, Rahul Gandhi, yesterday took a dig at Prime Minister Narendra Modi and his government in the first-ever parliamentary speech after his 57-day sabbatical by calling it 'Suit-Boot ki Sarkar'. During his 20-minute speech, a resurgent Rahul said that Modi’s “acche din government” has failed India and warned the government that they are making a grave mistake by hurting the farmers and poor people by bringing the land ordinance. It is learnt that Sonia Gandhi, Congress President and mother of Rahul Gandhi, was impressed by Rahul’s speech. In an interview, newly elected General Secretary of the Communist Party of India (Marxist), Sitaram Yechury said that Modi government should be credited for uniting the fractured opposition.
As news of Japanese drug manufacturer Daiichi Sankyo Company’s board of directors giving nod to selling “entire or part of its holding of Sun Pharmaceutical shares” (which it received after Ranbaxy’s merger with Sun Pharma) hit the market, Sun Pharmaceutical Industries Limited plunged by 10.83 per cent today from previous close. The stock that closed yesterday at 1043.80 is now trading at 949.40, a fall of 94.40 points or 9.04 per cent, at 11.50 am IST. In Sun Pharma, Daiichi had 21.49 crore stocks. With the colossal 24.42 crore trading volume at NSE, it seems the Japanese drug manufacturer has completely pulled out from Sun Pharma.