Major News and Events of 24 January 2016
What Happened on 24 January 2016
Union Cabinet recommends President's Rule in Arunachal Pradesh
Moody's believes Small Fiscal Deficit Target Slippage will not affect India's Credit Profile
Home Minister reminds wrong use of Science and Tech may lead to Dangerous Outcome
Consolation win for India in 5th Match of Australia ODI Tour
India-Bahrain vows to Strengthen Trade & Counter-Terrorism Ties
President of France, Francois Hollande, started his 3-days India tour today. Hollande is going to witness Republic Day parade in Delhi as chief guest. Today afternoon French President reached Chandigarh and went on to meet Prime Minister Narendra Modi at Rock Garden. He told media that around Rs. 60,000 crore Rafale fighter jet deal is on the right track but is taking time because of technicalities. The commercial deal will materialize after inter-governmental accord, to be discussed during this tour.
Union Cabinet has recommended President’s rule in Arunachal Pradesh, which shares border with China and is considered as disputed territory by the latter. The decision of recommending President’s rule in the bordering state came just hours before unanimous re-election of Amit Shah as BJP President, during an emergency cabinet meeting that was chaired by PM Modi. The decision of central intervention in the crisis-ridden political landscape of Arunachal Pradesh was taken after consulting the Attorney General. Congress condemned the recommendation.
Atsi Sheth, Associate Managing Director (Sovereign Risk Group) of Moody’s Investors Service, has said while replying to a question that India will be able to meet fiscal deficit target of 3.5 per cent of GDP, earmarked for the year 2016-17, only if there is increase in corporate profits followed by bouncing back of government revenues. Moody’s will be looking closely at the 2016-17 Union Budget that Finance Minister Arun Jaitley is going to place on February 29, 2016.
Science and Technology
Union Home Minister Rajnath Singh, while addressing 13th Convocation of Lucknow’s APJ Abdul Kalam Technical University, said that cyber crime has become a concern all over the world and went on to remind that if science and technology are not used correctly they can pose threat to the society. Singh referred an article of The Guardian which said that the same young talent can be termed creative if he serves a renowned company but can be termed destructive if belongs to terrorist organization al-Qaeda.
India snatched a consolation 5th match win during the 5-match India-Australia ODI series. India’s Australian tour of ODI thus ends with Australia winning the series 4-1. Australian batsmen put up a steep 331 runs target before India but with the brilliant batting of Manish Pandey (unbeaten 104) and amazing 123 runs partnership of Rohit Sharma and Shikhar Dhawan, scoring 99 runs and 78 runs respectively, India won the 5th match with 2 balls to spare.
External Affairs Minister Sushma Swaraj held wide ranging discussion with Foreign Minister of Bahrain Khalid bin Ahmed Al Khalifa in Manama and vowed strengthening ties in important areas such as bilateral trade as well as counter terrorism. Swaraj is on a 2-days tour to attend first ever India-Arab League Cooperation Forum’s meeting. Secretary East Anil Wadhwa told media that discussion has been held between India and Bahrain on Double Taxation Avoidance agreement, transfer of sentenced persons, and many more.