Major News and Events of 23 July 2013
What Happened on 23 July 2013
CBI asked to specify its stance on Lalu Prasad Yadav's petition in Fodder Scam Case
Is Indian youth aware of tax planning and refund?
IBL in a controversy before the start
Rs 11 is what the Bollywood stars are charging
Samsung Galaxy S4 Zoom in India now
The state of Bihar has lost 23 innocent lives, some as young as four year old in the mid-day meal tragedy but its politicians are head on in war with each other and playing blame games. On one hand the Chief Minister Nitish Kumar feels that this was a vicious conspiracy on the part of the opposition to malign his government where the food was deliberately laced with insecticides. On the other hand the opposition asks why the CM still did not have time to visit the village where this tragedy had occurred even though it is merely 80 km from Patna. Nitish Kumar has stated that the way the opposition called a bandh the very next day of the tragedy causing hardship to the people tells volume about the intentions of political parties. It has to be noted here that earlier in the Bodh Gaya blasts incident too Kumar had stated it was a conspiracy.
Supreme Court gave the CBI seven days time to specify its stance on Lalu Prasad's petition asking for the transfer of trial in the fodder scam case to a different court. The Supreme Court bench comprising CJI P. Sathasivam and Justice Ranjan Gogoi postponed the hearing after there was no clarity from the CBI to the Court about what it intends to do with the RJD leader’s petition. Ram Jethmalani who represents Laloo Yadav in the court asked for a week’s time to submit an affidavit to support the transfer of plea and Justice Ranjan Gogoi then asked for reasons for delay in the matter. The matter will be up for hearing on August 6 and before that the two parties have been asked to specify what they want so that on next date final hearing can be held regarding the matter.
A survey conducted by TaxSpanner, an online tax return filing portal indicates that the Indian youth is not expert when it comes to tax planning and refunds. 27% of the youth in the age bracket of 20-34 years submit refund claim compared to 53% of those who are above 35 years. A 25 year old tax payer pays 12% tax on an average when his annual salary is Rs. 10-11 lakh while a 35 year old pays only 6% tax. This makes it clear that the young generation are not acquainted well with the tax rules and don not do tax saving planning. Also they don not claim refunds if they pay more taxes which results in them shelling out more money than required for taxes.
Indian Badminton League (IBL) is in a controversy before the start of the game. There was an issue when two players, Jwala Gutta and Ashwini Ponappa were sold for half of their base price and it was stated that the remaining money will be compensated. It should be noted here that the organizers decided to do away with the women’s doubles and so came up with this decision about which the players were not intimated earlier. Rulebook was not given to the team for the simple reason it was not there. The IBL had been postponed thrice, auction date changed twice and teams had no buyers. There seems to be a lot of chaos surrounding the league.
A new trend has captured Bollywood. Firstly, it was Sonam Kapoor who stole the limelight from the lead actor Farhan Akhtar by charging only Rs 11 for the movie ‘Bhag Milkha Bhag’. Now, Karan Johar who will be acting for the film ‘Bombay Velvet’ directed by Anurag Kashyap has stated that he will charge Rs 11 and the money thus saved should be used for enhancing production qualities and special effects. He also added that he cannot charge money from his friend and it was not his regular job but to gain experience. It seems this amount has suddenly caught the fancy of Bollywood and it remains to be seen whether this is publicity gimmick or there is something real about this.
Science and Technology
Recently launched Samsung Galaxy S4 Zoom is now available for pre-orders at the Samsung's online store. This device is noted for its 16 megapixel camera with CMOS sensor and 10x optical zoom as well as Xenon Flash. The device also has a 1.9 megapixel secondary camera. It has a 4.3” Super AMOLED display with 540x960 pixels resolution. The device comes with a 1.5 GB RAM, 8 GB of internal memory, expandable up to 64 GB and 2330 mAh battery. The device can be communicated using WiFi, Near Field Communication or NFC, A-GPS as well as Bluetooth. There are some introductory offers from Samsung as well like one time free LCD or lens replacement, entertainment package and 0% interest EMI Options for 3 and 6 months. The device is priced at Rs 29,390 and will be available by this month end in stores.