Major News and Events of 22 March 2016
What Happened on 22 March 2016
1 lakh+ driving licences seized in Delhi
Atal Pension Yojana undergoes amendment
Mehbooba Mufti to meet PDP legislators on 24 March
Hyderabad University VC's lodge attacked by enraged students
Jats refrain from protesting till 3 April
iPhone SE to arrive in India early April
Odd-even phase 2 to have air monitoring
Nifty slips below 7,700
Science and Technology
After launching Vitara Brezza at the Delhi Auto Expo 2016 on 3 February 2016, Maruti Suzuki is prepared to deliver the compact sports utility vehicle (SUV) from 25 March 2016. Priced at Rs. 6.99 lakh for the base model and Rs. 9.68 lakh for the top model, Vitara Brezza has been booked by over 20,000 SUV lovers with a whopping 70,000 enquiries received for the vehicle.
The special drive ordered by the Supreme Court has played a pivotal role in reducing the violations by 30% in the last couple of months. Delhi Traffic Police has seized more than 100,000 driving licences between 15 December and 1 March 2016 for traffic violations in the national capital. Additionally, around 32,000 drivers were penalised for speeding with licences of 42,854 drivers suspended for jumping the traffic lights.
Government has made an amendment to the Atal Pension Yojana (APY) by offering an option to the spouse to continue to contribute for balance period on the premature death of the scheme subscriber. Additionally, the subscriber’s spouse would be eligible for receiving the same pension amount as that of the subscriber until the death of the spouse. Also, after the death of subscriber and the spouse, the nominee of the subscriber would be entitled to receive the pension wealth, as accumulated till the age of 60 years of the subscriber.
After meeting Prime Minister Narendra Modi with a positive outcome, PDP chief Mehbooba Mufti would be meeting with her party legislators on Thursday, 24 March 2016 before taking a concrete decision on resuming the coalition government with BJP in Jammu and Kashmir. Both PDP and BJP have time only until 8 April, the day that marks the completion of six months since J&K state assembly held its last sitting, to form a government.
Today, during the afternoon, students protested outside vice-chancellor Appa Rao’s lodge after he returned to work following the suicide by dalit scholar Rohith Vemula on 17 January. With a need to call the Rapid Action Force, the attack comes with a reason that the students want the VC’s resignation on an immediate basis. Rao is currently under fire for his handling the case of suspending five dalit scholars, with Rohith being one of them.
After a positive meeting held between the Jat organisations and Haryana Chief Secretary DS Dhesi and Director General of Police Yash Pal Singal, the Jats have agreed to give government time(until 3 April) to get the reservation Bill passed during the in-progress Assembly session that ends on 31 March. The meeting saw 50+ members of Jat community and Akhil Bhartiya Jat Arakshan Sangharsh Samiti(ABJASS) national president Yashpal Malik in attendance.
Science and Technology
iPhone maker Apple announced that its latest 4-inch iPhone will be available in India early April. Priced at Rs. 30,000 and above, the new iPhone SE would be launched at the most aggressive pricing for the Indian as well as global markets. iPhone SE’s 16 GB version would be available at a price of Rs. 39,000 and the smartphone is expected to be available in 110 markets by May 2016.
During the implementation of Odd-Even Phase 2, the Delhi government will be ditching the school buses and instead engaging private CNG carriers as ‘Paryavaran Bus Seva’. Registrations for such CNG buses would open on 28 March and close on 14 April 2016. Commencing from 15 April, the second phase of the odd-even scheme will have the Delhi government monitoring the air quality in Delhi as well as in the NCR (National Capital Region) including Noida and Gurgaon.
While the BSE Sensex fell by nearly 50 points and the Nifty slided below its crucial psychological level of 7,700; the Defense shares jumped with the government clearing the new procurement policy. Bharat Forge, Bharat Electronics, Reliance Defence, BEML and Rolta shares advanced by 2-5 per cent each. In addition to this, mid selling pressure was also visible in FMCG, IT and select banking stocks.