Major News and Events of 26 February 2016
What Happened on 26 February 2016
Unity Hyundai launches digital experience outlet at Rohini
LG G5 scheduled to launch in India in next quarter
Bonds witness a remarkable gain
Railway Budget 2016 hints introduction of 4 new train categories
Lava Twinpad 2-in-1 Hybrid launched at Rs. 15,999
7 Indian firms in ISIS supply chain, confirms EU Study
RBI declares infusing Rs. 12k crore into market
Rohtak IGP & 2 DSPs suspended on charges of 'negligence'
In view of the recent Jat reservation stir, the Board of School Education Haryana (BSEH) has decided to postpone the practical examinations for Classes 10th and 12th. These exams would now be conducted after the written examination i.e. from 30 March to 8 April. Around four schools in the Rohtak town were set ablaze or damaged in the agitation-hit districts. Written exams for the secondary and senior secondary classes would take place from 8 March as per schedule.
Science and Technology
Unity Hyundai launched India’s first digital experience outlet at Unity One in Rohini, New Delhi. YK Koo, MD of Hyundai Motors India Ltd.(HMIL) inaugurated the outlet which is intended to break the general monotony of buying cars in the national capital. The event also marked the presence of Rachit Gupta, CEO of Unity Hyundai, Rakesh Srivastav, senior VP, HMIL and Hue, senior GM, HMIL.
Science and Technology
Today, LG announced that it will be launching its G5 flagship smartphone in India in the next quarter. The LG G5 has already gained a lot of traction due to its innovative removable battery and modular design. The smartphone sports a 5.3-inch Quad HD display with an always-on display technology. This feature allows users to check time, battery status and other important notifications. LG G5 is powered by Qualcomm Snapdragon 820 SoC coupled with 4GB of RAM and 32GB of in-built storage that can be expanded via a microSD card.
With a key government report showcasing the call for fiscal prudence and stable inflation, the bonds witnessed a gain along with remarkable hikes in shares and rupee. Ahead of the 2016/17 fiscal budget which is to be unveiled on Monday, this report has indeed been successful in soothing the market fears.
Yesterday, while announcing the railway budget for the year 2016, Railway Minister Suresh Prabhu proposed the introduction of four new categories of trains viz: Humsafar, Tejas, Antyodaya Express and Uday. While Humsafar would be fully air-conditioned third AC service, Tejas would be plying at speeds of 130 kmph or more. UDAY (Utkrish Double-Decker Air-conditioned Yatri) Express would ply on the busiest routes.
Science and Technology
Today, Lava launched its Twinpad 2-in-1 laptop-tablet hybrid running Windows 10 operating system. Priced at Rs. 15,999, this 2-in-1 hybrid will be available across all national retail stores, e-commerce websites and multi-brand outlets. Targeting students and working professionals, Lava Twinpad 2-in-1 is a single-SIM supporting 2-in-1 tablet with a 10.1 inch WXGA (1280x800 pixels) resolution IPS display, a detachable keyboard and a stylus.
Among a list of fifty one commercial entities hailing from twenty different countries, the EU-mandated study has confirmed that seven Indian companies are involved in the supply chain of over 700 components used by the Islamic State. These companies are used by the Islamic State to construct improvised explosive devices (IEDs). While four out of the seven Indian companies denied having exported explosives or accessories to Lebanon or Turkey; two of them confirmed smaller suppliers of components like fuses or detonating cords did not export the items directly, but via trading intermediaries.
As an initiative to ease the current liquidity crunch, the RBI has announced it will infuse up to Rs. 12,000 crore into the market in the form of open market operations (OMOs) on 3 March 2016. Since 7 December 2015, the RBI has already infused Rs. 30,000 crore into the system via OMOs with the government infusing liquidity by purchasing back G-secs and inflation-indexed bonds worth Rs. 36,500 crore in last three months.
Amid efforts to return the state to normalcy, the Haryana government has suspended three police officers, including the former IGP of Rohtak range, the epicentre of the agitation, after they were found to be negligent in performing their duties during the ten day long JAT Quota protests. The three officers include Shrikant Jadhav, an IPS officer and Haryana Police Service officers namely Amit Bhatia and Amit Dahiya (both Rohtak DSPs).