Major News and Events of 21 October 2012
What Happened on 21 October 2012
India's Forex Reserves Down $167 Million
Arthouse and Commercial Cinema Can't be Separated: Filmmaker
Pakistan Aiding Terrorist's Infiltration into India: Sushilkumar Shinde
Delhi Daredevils beat Perth in Champions League
Lightest Titanium Watch Unveiled by Titan
IT Companies Revenues Rise Despite Slowdown: Survey
Gujarat Chief Minister Narendra Modi met the top brass of the Rashtriya Swayamsevak Sangh (RSS), including Sarsanghachalak Mohan Bhagwat, before the assembly elections in Gujarat this December. In the meeting which lasted over three hours, they spoke about diverse subjects. Modi denied of having any political talks with the RSS top brass. When asked if his meeting with was to garner RSS support for the 2014 general elections, Modi said he doesn’t know if there is such a candidacy in our country and when asked about the RSS's take, Modi said that The RSS will never get into any such thing, as it’s neither their subject nor a matter of their interest. Modi is currently campaigning for the Gujarat assembly elections to secure a third consecutive term as the chief minister.
The Reserve Bank of India (RBI) data shows India's foreign exchange (forex) reserves down by $163.7 million to $294.87 billion for the week ended Oct 12. Forex went up by $227.3 million for the week ended Oct 5. Foreign currency assets (FCA) which is the biggest component of the forex reserves fell $150.1 billion to $260.02 billion in the week. India's central bank said that FCA in the US dollar terms incorporated the effect of appreciation or depreciation of non-US currencies held in reserve. The gold value of gold reserves remained unchanged at 28.13 billion in the week ended Oct 12.
Home Minister Sushilkumar Shinde targeted Pakistan for helping terrorists infiltrate from across the border into the country. On an event to mark the police commemoration day, Sushilkumar Shinde said that India has information that Pakistan is helping terrorists to enter our territory and our intelligence inputs are on an alert. He also appealed people to be extra careful. Directions to all security forces have been issued to be extra vigilant during the festival season and ensure peace. Referring to Jammu and Kashmir, he said that security forces cannot be withdrawn from the state till peace returns entirely.
Filmmaker Prashant Rasailly feels that there is no divide between arthouse and commercial cinema. He personally feels that art and commercial cinema films can't be completely separate nowadays. It's more of art - for artistic films your commerce is involved and you can make money out of it, so it becomes commercial. He said that he artistic films can be commercial and commercial films can be made artistic. He thinks Bollywood films are entertaining millions of people. People like it and pay for it, so he thinks Bollywood has its own space. He says it is satisfying when his films are showcased at film festivals as they are a good platform for people who have different ideas.
An enduring 52 off 44 balls from Virender Sehwag helped the Daredevils to reach at top in Group A table of the Champions League Twenty20 after a three-wicket win over Perth Scorchers here today. They chased down the Scorchers' score of 121 for five. They scored 123 for seven in 19.3 overs, thanks largely to Sehwag's innings. The Daredevils with 10 points leaped the Titans with 8 points to the top spot in the group.
Science and Technology
Titan Industries Ltd has unveiled its lightest watch 'Edge' weighing just 36 grams. They have pushed the envelope of innovation and produced the lightest watch weighing 36 grams in titanium material, which is used in making aircraft and spacecraft. With less than fourmillimetrescasing, the watch has redefined manufacturing standards with features like case-in-case concept, offset dial and sapphire crystal glass at the top and bottom. With eight different styles of watches, priced between Rs.11,995 and Rs.16,995, the new generation collection in Edge series have an ultra thin 1.15 mm movement. The watch collection will be available at all 'World of Titan' outlets across the country.
According to an industry survey, Indian technology, telecommunication and media companies are set to register a healthy growth in revenues this year in spite of the slowdown in economic growth and global uncertainties. The top five fastest growing companies in technology, telecommunication and media sectors are estimated to a register a revenue growth of 1,947 percent in 2012 as compared to 910 percent in 2011. This will mark the fastest growth in the past three years. The survey ranks the fastest growing technology companies in India based on their percentage revenue growth over the last three financial years.