Major News and Events of 22 July 2014
What Happened on 22 July 2014
Seedless mangoes developed by Indian scientists
More than 180 Indians return from Iraq, 39 are still captive
HDFC Bank and HDFC likely to merge
MTNL and BSNL focus on improving data speed and coverage
Delhi Lt. Governor to consult all political parties
India beat England at Lord's, after 28 years
New rules for disqualification in politics
Walmart expands its business, added more funds to its India operations
A trivial fire broke out in the Delhi Police Headquarters on Tuesday. As per media reports, the fire broke out on the fourth floor but no injury was reported in the incident. The fire officials said, “We got a call about the fire at 7:10 am. Being a high-rise building, eight fire tenders were rushed to the spot. The fire had broken out in a battery panel on the fourth floor which was doused”. As per reports, this is the third such incident at the police headquarters in Delhi.
Science and Technology
Indian scientists have developed seedless mangoes which are distinctive in flavour and are finely textured and juicy. V.B. Patel, Chairman of the horticulture department at the Bihar Agriculture University (BAU) in Bhagalpur district said, “We have developed a seedless mango variety from hybrids of mango varieties Ratna and Alphonso”. He also added, “The seedless variety also has good export potential.”Bihar ranks third in mango cultivation and Malda, Jardaloo, Bumbai and Chausa are major varieties grown in the state.
Over 180 Indians have returned from Iraq on a special flight of Iraqi Airways from Basrah. The total number of Indians to come back from conflict-hit country has crossed the mark of 3,500. A spokesperson from the Ministry of External Affairs confirmed that the flight carrying 180 Indian passengers from Iraq has reached Delhi. He also said that the ministry has already given 2,500 tickets to bring the Indians back. There are around 39 Indians who are being held captive in Iraq by Sunni ISIS and the ministry is making all the efforts to get them released.
As per media reports, HDFC Bank and Home financer HDFC are likely to merge to form the second largest bank in India. If the “economies of scale” prove beneficial to both the firms, the merger may result in the formation of the second largest bank after the State Bank of India (SBI) in terms of assets. As per the regulations of the RBI, a bank is required to keep aside 22.5% in government bonds and 4% of its deposit as cash reserve ratio. Therefore, if this merger will take place, HDFC would have to transfer its assets to the bank.
Science and Technology
MTNL and BSNL, the state-run telecom companies are working towards improving their services along with their coverage in the country. As per Telecom Minister, Ravi Shankar Prasad, these companies are adding about 28,300 mobile sites in this concern. They are also focusing on enhancing the 2G and 3G data coverage. He also said, “To improve coverage and data speed, BSNL is augmenting its network by adding IP-based 10,502 new Node Bs (3G antenna) and 14,263 base transceiver stations (generally for 2G) in the network as part of phase 7 expansion plan.”
Najeeb Jung, Lt. Governor of Delhi met Aam Aadmi party chief Arvind Kejriwal to discuss over fresh polls on Monday. With this meeting, Jung began the consultation process with several political parties as the President’s rule in the capital is coming to an end next month. A statement issued from his office said, “He will take into account the full situation and after due consultations with others, send in a detailed report to the President of India for his consideration”. The President rule is imposed in Delhi since 17 February 2014 after Kejriwal resigned from the post of Chief Minister of Delhi.
India has defeated England by 95 runs in the second test at Lord’s. India has won after 28 years at Lord’s where the third generation Indians brought a long awaited victory for the nation. Since 2011, this is the first overseas test win of the team. Ishant Sharma’s seven wickets, Ravindra Jadeja’s 68 runs in the second innings and three wickets, and Bhuvneshwar Kumar’s 52 runs in the second innings and six wickets contributed to the victory of the team.
The Law Commission has recommended new rules for disqualification of candidates from electoral politics. The Commission has recommended that disqualification should take place after charges were framed in cases punishable by five years or more in jail. It also recommends that filing of false affidavit should also be treated as “corrupt practice”. It states, “Disqualification upon conviction has proved to be incapable of curbing the growing criminalisation of politics, owing to long delays in trials and rare convictions”.
Walmart Stores has added more funds to its India operations in the month of June to expand its network in the country. The total investment of the firm in India has reached nearly Rs. 2,000 crore. According to the resolution submitted by the company to the Registrar of Companies on July 16, funds amounting Rs. 623 crore were allotted by the parent company as share application money. As per Walmart, this latest infusion will be used in the expansion of the business. Krish Iyer, CEO of Walmart said, “The equity infusion is to fund our working capital and capex requirements of our cash-and-carry business in India”.