Major News and Events of 24 September 2014
What Happened on 24 September 2014
Indian Army Plays it Cool after China's PLA asks for Border Meeting
360-degree Feedback Mechanism Suggested by RBI Committee
Committee formed for Restructuring Railway Board
SC terms 214 Coal Blocks Illegal
India takes its medal tally to 12 at the Asian Games 2014
Mangalyaan enters Mars' Orbit Successfully
Ajit Singh Relents – Decides to Vacate Official Bungalow that he and his Family was Residing for 36 Years
PM Stresses upon getting Global Market Access for Indian Farmers
SC Sets up Panel for Comprehensive Assessment of J&K Flood Situation
Narendra Modi to have One-to-One Meeting with 6 MNC CEOs during his US Visit
AIIMS whistleblower and officer Sanjiv Chaturvedi has been removed by the Union Health Ministery. According to media reports, it was done upon special request and insistence from J P Nadda (MP and National General Secretary of BJP), not on the instruction of the Central Vigilance Commission or CVC.
China's People’s Liberation Army has requested a flag meeting with the Indian Army for resolving border confrontation at Chumar, which both countries claim to be theirs. However, Indian Army responded by saying they are assessing the agenda and the response will be delivered in due course. Chumar is a disputed segment along the LAC or Line of Actual Control between India and China.
The RBI panel report has suggested that 360-degree feedback mechanism is very important for employees of NBFCs and Banks so that differentiation can be made in the actual performance of different employees. This is important for comprehensive and transparent performance assessment exercise. The concerned committee also suggested creation of Chief Learning Officer in commercial banks. One of the main tasks of CLO would be to create ‘learnability index’ for every individual on the basis of their ability to learn. This input will come handy in case of judging ‘promotability’ of employees.
Indian Railways has set up a committee to steer the restructuring of Railway Board. This committee will be headed by professor and economist at the Centre for Policy Research, Bibek Debroy. Railway Minister Sadanand Gowda announced the Railway Board reform three months back in his Railway Budget speech. The two main objectives of this committee are suggesting ways of doing away with political interference in the field and rationalise rates. Though similar committees were formed earlier too under Sam Pitroda and Rakesh Mohan, implementation of the recommendations was very poor.
The Supreme Court today cancelled 214 coal blocks out of a total of 218 blocks. The ones in joint venture with government run blocks including SAIL and NTPC have been exempted. The apex court observed that the allocations in case of the 214 illegal coals blocks were done in an arbitrary manner. Sensex today shed 100 points after the SC verdict.
At the end of fourth day of the Asian Games 2014, India is at the 15th spot with 1 Gold, 1 Silver, and 10 Bronze medals (12 medals in total). Badminton stars of India, P V Sindhu and Saina Nehwal, entered second round of women’s singles. In lightweight men's single sculls final, Dushyant Singh won bronze medal. Men's as well as women's sepaktakraw teams have little chances left for advancing to next round as they suffered 2nd consecutive loss. Indian Men's Basketball team is knocked out of the game after losing to Iran.
Science and Technology
India has become the first Asian country to successfully place its Mangalyaan spacecraft in Mars’ orbit on 24 September 2014 at the very first attempt. A senior official of Indian Space Research Organisation (ISRO) said that the Mars Orbiter Mission (MoM) was accomplished successfully, 515 km away from the surface of Mars. On Wednesday, Indian Prime Minister Narendra Modi said India has not only reached out to the unknown but also achieved the near impossible, creating a history.
At last Ajit Singh, the former Civil Aviation minister, decided to vacate 12, Tughlaq Road bungalow which he along with his family has been living for the last 36 years. Rashtriya Lok Dal supporters were protesting on the issue of eviction notice for the last few days. The supporters mainly belonged to the Jat community, RLD’s main vote bank, hailing from western Uttar Pradesh. The protest took a nasty turn when some of the RLD supporters threatened cutting water supply for Delhi.
After inaugurating Integrated Food Park in Karnataka, PM Narendra Modi stressed upon need for global market for produce of Indian farmers. He stressed upon the fact that farmers need to be given proper support in terms of facilities so that they can grow more and also develop economically. Prevention of food product wastage was stressed upon by the PM. He particularly said that up to Rs 40,000-crore can be saved every year if food product wastage can be stopped.
For assessing flood condition in Jammu and Kashmir comprehensively, apex court of India has set up a 5-member committee. It has been directed to report back to the court after assessment. The committee will consist of a senior registrar of Jammu and Kashmir High Court, secretary of the department of revenue, relief and rehabilitation of the state government, a nominee of the central government and the presidents of the Jammu and Kashmir High Court Bar Association in Srinagar and Jammu regions.
Indian PM is expected to meet heads of seventeen big corporations of the world when he visits US at the end of September 2014. Some of the CEOs of MNCs he is reported to meet include Pepsi, MasterCard, Goldman Sachs, IBM, Boeing, Google, and many more. The visitors’ list has been revealed by the Ministry of External Affairs recently. The meetings are expected to be fruitful and hold significance for Narendra Modi’s ‘Make in India’ campaign.