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Major News and Events of 01 March 2013

What Happened on 01 March 2013


Petrol price to increase by Rs.1.40 per litre

Petrol prices will rise by Rs.1.40 per litre, excluding taxes, from midnight on Friday as the rupee is depreciating  and so there was a sharp hike in crude oil prices in global markets according to the government-run oil marketing firms. This is the second time petrol prices have increased in the past two weeks. Earlier it increased by Rs.1.50 per litre Feb 16. Indian Oil Corporation said the prices have been hiked due to rupee depreciation and increase in international crude oil prices and that there was no option but to transfer the burden of increase in motor spirit prices to consumers as the Corporation had earlier incurred losses on sale of motor spirit during the year. 

Government not tapping any phones: Shinde

The Home Minister Sushilkumar Shinde expressed concern over attempts to access phone call details of Rajya Sabha Leader of Opposition Arun Jaitley and stated that the government was not involved in phone tapping of the MPs. He also furnished details of the case in the Rajya Sabha specifying that there was no tapping of Jaitley's phone. There was no disclosure of the records of calls he made. He stated it was a case where an attempt was made for an unauthorized access to call data records. He said,"The Delhi Police informed us that they came to know that some person had sought call data records of Arun Jaitley. Police came to know about it after the nodal officer of Airtel asked the ACP operation of Delhi police to reconfirm the request, through email. Since no such request was made, the confirmation was not given, and the call data records were not disclosed." Opposition members however charged the government, specifying the statement did not disclose anything and the BJP leader M. Venkaiah Naidu asked on whose direction the call details were asked for. It was also specified that the government should provide clarifications regarding this as it has "a notorious record of misusing central investigating agencies."

Government's assurance for foreign investors on tax residency certificate

A day after the national budget, the government tried to assure overseas investors that their apprehension of losing benefits over the Tax Residency Certificate (TRC) will be taken up during discussion on the Finance Bill in parliament. In the union budget for 2013-14, Finance Minister P. Chidambaram Thursday mentioned changes in the Finance Act that specified  a tax residency certificate (TRC) is a "necessary but not sufficient condition" for getting benefits of the double taxation avoidance agreement (DTAA). The amendment proposed in the Finance Bill states,"The certificate of being resident in a specified territory outside India shall be necessary but not a sufficient condition for claiming any relief under the agreement referred to therein." He also added that there are instances of some tax avoidance arrangements which will be taken care of. Some of the companies which were unlisted to ward of dividend distribution tax have indulged in buyback of shares. This led to lot of confusion in the markets and the Sensex dipped by 290 points.The foreign investors were worried about the TRC provision as they think it would make diversion of funds from low-tax havens like Mauritius, Cyprus and Singapore to avail the benefits under the Double Taxation Avoidance Agreement (DTAA) difficult.

March 10 to be another open track day at Buddh Circuit

People will get another chance to experience speed when the Buddh International Circuit (BIC) hosts an open track day on March 10. The Formula 1 facility hosted its first open track day of the year on Feb 17. After March 10, BIC will host the public event before the Indian Grand Prix in October. Then one event will be organized around the time of the inaugural World Superbike India round in November. The speed lovers will get to test their driving skills on open track day.  The event will be for all categories of bike and car owners and the only requirement is to reserve a slot and having a valid driving licence. The registration fee is Rs 4000 for an hour's session in a car while for bike it is Rs.3,000. If one avails all the three sessions, then the fourth one will be complimentary. Taxi Rides in Mercedes SLS (Twin seater) and Mercedes C, E and ML Class from certified circuit drivers at a cost of Rs.7500 and Rs.1500 per person, respectively is also there for the fans.

Shootout at Wadala' a real film: John Abraham

John Abraham in response to Balaji Motion Pictures decision to change the name of Sonu Sood's character Dawood Ibrahim in "Shootout At Wadala", stated that he still stands by the affirmation that the movie is based on real incidents.John  essays the character of the gangster Manya Surve.He also added that the studio's decision to change the name was fine as long as it did not affect the  film in any way. He also said the film is very powerful and will not be affected by anything. He considers this as his best performance and felt that his character is going to impact the audience in a very different way. The movie is directed by Sanjay Gupta and also has Anil Kapoor, Tusshar Kapoor, Manoj Bajpayee, Kangna Ranaut, Mahesh Manjrekar in the cast. It will release on May 1.

Now books on Google Play Store

Google Play store has now books for people in India, and there are thousands of Indian titles from new releases to classics to choose from. The collection includes books by Indian authors such as Amish Tripathi, Devdutt Pattanaik and APJ Abdul Kalam as well as international bestsellers from the world’s largest ebookstore. Google is providing many ways to access and read these books so that one has a virtual library at the fingertips. One can discover, purchase and read books on Android phones and tablets, or on computer in web browser and iPhones and iPads where one can read books in the Google Play Books app.




FAQs and Answers on Indian History and Geography
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Which State is the Largest Tea producer? Assam is the largest producer of tea in India. India is one of the largest producers of tea in the world, second only to China. India recorded a total production of 1233.14 million… Read More...
Which State is the Largest Mica Producer? Andhra Pradesh is the largest producer of mica in India. For over hundred years, India had enjoyed monopoly in production and export of sheet mica in the world. Of late,… Read More...