Major News and Events of 23 April 2015
What Happened on 23 April 2015
Delhi Police Report Submitted to Union Home Ministry Points Finger at Aam Aadmi Party
Sports Ministry Suspends Paralympic Committee of India
Micromax's Revenue Increased by Over 39 Per Cent during 2014-15
Kawasaki to Launch 600cc Mid-Capacity Kawasaki Ninja ZX-6R 636 Superbike in India
GST Faced Hurdle during Empowered Committee Meeting
Indian Railways to Raise up to $1 Billion Through Offshore Rupee Bonds for Financing Railway Infrastructure
Indian High Commissioner Addresses Khyber Pakhtunkhwa Chamber of Commerce and Industry
FIIs and FPIs belonging to Countries with which India has DTAAs can Approach Tax Officials for Claiming Tax Benefits
Maharashtra CM to Visit Israel on Sunday for Exploring Advanced Agricultural Technology
PM Assures Central Assistance to Storm Affected Bihar
Probe Ordered in Farmer's Suicide during AAP Rally
Jammu and Kashmir government today issued a warrant against Masarat Alam. The hardline separatist leader who led a mob in Srinagar a few days back shouting pro-Pakistani slogans and waving Pakistani flag while welcoming Hurriyat leader Syed Ali Geelani, has been booked under Public Safety Act and sent back to jail outside Kashmir Valley. When contacted a senior police officer told media that he was booked under PSA on 22 April and the warrant was issued on 23 April. Though Alam's detention order given by Chief Judicial Magistrate will end on Saturday, fresh charges that are leveled against him may put him behind bars for two years without trial.
An FIR filed by Delhi Police says that volunteers of Aam Aadmi Party not only abetted suicide of farmer Gajendra Singh but also resisted the police from taking the victim to a nearby hospital as they insisted that Gajendra was one of them and should not be taken in a police van. The report submitted by Delhi Police Crime Branch to Union Home Minister Rajnath Singh say that on the basis of their probe they have filed FIR against AAP for obstructing public servant from discharging their duties and instigating Gajendra to suicide. In another development Delhi Police has refused to cooperate with AAP government ordered magisterial probe. Meanwhile Delhi government has announced Rs. 10 lakh compensation to Gajendra’s family.
The sports ministry has suspended the Paralympic Committee of India (PCI) for poor management of the fifteenth National Para Athletics Championships that was held in Ghaziabad from 20 March to 22 March. The decision comes after International Paralympic Committee took a similar step against PCI on April 15. National Sports Federation’s recognition was suspended by the sports ministry yesterday with immediate effect till further notice. The sports ministry took the decision after Sports Authority of India’s inquiry found serious flaws in administration, technicals and logistics while conducting National Para Athletics Championships in March.
Science and Technology
Vineet Taneja, CEO of Micromax, said during the launch of Canvas Spark that the indigenous technology behemoth’s revenue for the financial year 2014-15 has surpassed Rs. 10,000 crore. While comparing this figure with the revenue earned by the company during 2013-14 fiscal, it was observed that Micromax’s revenue has increased by 39 per cent from a paltry Rs. 7200 crore. Micromax’s CEO went on to say that one of the major reasons of the company’s achievement is the success achieved in the low cost mass market phones. Vineet said that his company sold 1 crore units of such phones in the Rs. 3000 - Rs. 5000 price bracket during 2014-15 FY.
Science and Technology
Kawasaki has announced that it will launch the Kawasaki Ninja ZX-6R 636 mid-capacity superbike in India during last half of 2015. As per reports, the upcoming Kawasaki Ninja ZX-6R 636 will be an upgrade over the internationally popular Ninja ZX-6R model as the former comes with a more powerful engine than the latter. Sources say that this superbike will be priced in Rs. 12-13 lakhs range. Kawasaki Ninja ZX-6R 636 will have 636cc engine (inline four cylinder) with 132 PS rated at 13,500 rpm peak power, 6 speed foot-operated manual gearbox, single disc rear brake and double disc front brakes.
During the empowered committee meeting held on 22 April, many state governments have asked the Union government for increasing the time period from the proposed 2 years for paying up one per cent additional tax on the proposed national GST (Goods and Services Tax). Sources say that it has been decided that the time period can be increased if 2/3rd of the empowered committee agrees. Chairman of the committee, K M Mani (Finance Minister of Kerala) told media that some states have expressed their concern over compensation of Central Sales Tax and also vouched for compensating them for the loss, from implementation of GST, for ten years or more than that.
After RBI gave permission to domestic companies for raising offshore bonds in rupees, Indian Railways Finance Corp is going to become the first ever domestic issuer of such bonds as it plans of raising up to $1 billion through offshore rupee bonds. Rajiv Dutt, Managing Director of IRFC, said that they have not yet made a final decision about the total amount of money they want to borrow from offshore market though they have board’s approval of raising $1 billion from offshore market. Indian Railways Finance Corp plans to raise $2.81 billion or Rs. 17,655 crore from domestic and foreign markets, which will be utilized for renewing and building Railway infrastructure.
TCA Raghavan, Indian High Commissioner, while giving his speech at Peshawar’s Khyber Pakhtunkhwa Chamber of Commerce and Industry meet yesterday said categorically that India is not at all concerned about China’s $46-billion economic corridor with Pakistan through controversial Pakistan Occupied Kashmir. He also said that time has come for removing misconception between the two neighbours and restore mutual trust. As per reports, Raghavan underlined the fact that India has no concern regarding the increasing bond between Pakistan, Iran, Afghanistan, and China. This is the first time in the last 9 years that an Indian High Commissioner visited KPCCI. TCA Raghavan went on to add that the perception of Indian goods flooding Pakistan market is misplaced.
In a huge relief to the Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs), Union government has asked them to present facts of Double Taxation Avoidance Agreements or DTAAs to the tax officials for avoiding paying up capital gains tax and consequently Minimum Alternate Tax or MAT. Revenue Secretary, Shaktikanta Das, told FPIs and FIIs during a conference call with them (addressing their concerns on MAT amounting to a total of Rs. 40,000 crore) that the entities belonging to the 85 countries with which India has DTAAs in force can furnish facts for claiming tax benefits. However, entities belonging to countries with which India doesn’t have DTAAs can approach court for getting reprieve.
Maharashtra Chief Minister Devendra Fadnavis is all set to visit Israel on Sunday. He will be attending the Agritech Israel 2015 and will explore agricultural technology for increasing per hectare productivity of crops at a time of shrinking land availability for agriculture. An official at Chief Minister's Office told media that the concerned fair will take place in Tel Aviv’s Israel Trade Fairs and Convention Centre and the entourage with Maha CM will try to replicate the sophisticated agri-technology in Maharashtra for minimising the effect of erratic climate on farmers. Another purpose of visiting Israel is to promote Maharashtra as an attractive tourist destination.
Prime Minister Narendra Modi spoke to Chief Minister of Bihar Nitish Kumar and assured all possible central assistance for bringing normalcy to twelve storm-hit districts of the state. Modi also informed that Union Home Minister Rajnath Singh will visit Bihar today to take stock of the situation. As per latest available information, the severe storm has left 42 people dead and 80 injured. Bihar CM Nitish Kumar has announced Rs. 4 lakh compensation to the families of the victims. To expedite the compensation disbursal task, Bihar government has already assigned officials to the affected districts including the most affected ones such as Madhepura and Purnia.
A farmer’s death during an Aam Aadmi Party rally in Delhi’s Jantar Mantar on 22 April took an ugly turn when political parties tried to score on the incident by blaming one another. While Delhi CM Arvind Kejriwal sniffed ‘sabotage’ plot in the unwanted incident and also accused both BJP and Congress of neglecting farmers, opposition parties including JD(U), SP, and CPIM, sent notice for suspending question hour in both houses of the parliament to discuss the situation. Amid this political wrangling, FIR has been lodged against unknown persons on accusation of abetting farmer Gajendra Singh’s suicide. Lapses on the part of Delhi Police and rally organisers will be probed by the Crime Branch.