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Major News and Events of 03 February 2014

What Happened on 03 February 2014


PNG and CNG price reduced,domestic cooking gas supply to increase from 80% to 100%

The domestic cooking gas supply has been increased in order to reduce the prices. This initiative by the government is to reduce the prices of the domestic cooking price. Supply has been increased from 80% to 100% city gas distribution (CGD) sector. With this the CNG prices will reduce by Rs 15 per kg and PNG prices will decrease by Rs.5 per standard cu. m (scm). It has to be noted here that the domestic gas prices was supposed to increase by April 1. It is understandable that this measure is announced with an eye on the upcoming Lok Sabha polls. PNG and CNG, both are more cost effective than conventional fuel has 75% of supply in Delhi while in Ahmedabad there is 100% dependence on LNG. There will be review every 6 months.

Four rounds of bidding in 2G Spectrum 900 MHz, 1,800 MHz band auction completed

 

In the second round of 2G Spectrum Auction four rounds have been completed and bids have been received in 22 circles in 1800 MHz and 3 circles in 900 MHz. The third round of spectrum auction which began today had 8 companies who were there to bid and the government is targeting Rs 11300 crore of revenue from the auction. DoT has placed a cap around 385 MHz of radiowaves in the 1800 MHz band, and in 900 MHz it is 46 MHz. Each company has 240 min or 4 hours to extend auction round as per the rules. On an average 6-7 rounds occur in a day with a 20 minute gap in between. There was a Supreme Court verdict which specified that an auction should be done of all the radiowaves accumulated from the cancelled 122 licences in Feb 2012. 900 MHz had some old telecom licnces which had to be auctioned as well as their expiry was in November 2014. In 2010 there was a 3G auction which continued for 34 days, in November 2012 auction went on for 2 days while in March 2013 auction was held only for a day. This time for Vodafone spectrum acquirement has become a necessity in Mumbai, Delhi and Kolkata as the licneces expire in November 2014. Same is with Airtel for Mumbai and Delhi and Loop Mobile in Mumbai. Government’s target is of Rs 40,874.50 crore for current financial year.

Srinagar-Muzaffarbad bus service start after 14 days

 

The Srinagar-Muzaffarbad bus service started today after it was suspended for a fortnight. The suspension was over the issue of arrest of a driver from Pakistan-occupied Kashmir over charges of drug trafficking. 28 passengers were taken from the Indian side to Kaman Post which is the zero point on LoC in Baramull district’s Uri sector. This included 10 passengers from PoK and 18 from the Valley who were going on a visit to their relative’s place. Travel and trade remained suspended on the Srinagar-Muzaffarabad road when the driver of a vehicle in which 110 packets of brown sugar may have the value of Rs. 100 crore was confiscated on January 17. In response to this PoK authorities also detained 27 Indian drivers as well as their vehicles and demanded for the release of the arrested driver. In fact they were also not willing to take back 48 other PoK drivers if their demand was not met. After several meetings to do away this deadlock on January 30 it was decided that the bus service be resumed. Also it was decided upon to continue the talk so that the deadlock in the trade could be removed.

BJP trying to overthrow the Delhi Government: AAP leader

 

AAP leader has put blame on BJP leaders Narendra Modi and Arun Jaitley of being instrumental in overthrowing the Delhi government led by Arvind Kejriwal. AAP has claimed they are trying to attract the MLAs so that the party breaks down. Madan Lal, the AAP MLA has charged that a close associate of Modi has given him an offer of Rs 20 crore to break the party and if he did so he would be made the Chief Minister. He said two persons one of them named Sanjoy Singh met him and said they have come from Gujarat. Sanjoy Singh also stated he is close to Modi and that Modi wanted him to garner support of 10 MLAs from AAP. Though Madan Lal could not furnish any proof for his statements. Lal also stated that on December 7, an anonymous person had called him stating an important leader was interested in talking to him. And when he asked his name the person said it was Arun Jaitley, hearing this Lal disconnected the line. Jaitley has dismissed these allegations. It is important to note here that all the allegations don’t have any proof though AAP government has been asking the people to do sting operations.

India post 5-0 win over Chinese Taipei in the Davis Cup

 

Yuki Bhambri and Saketh Myneni have posted emphatic straight-set win in the Asia/Oceania Group I Davis Cup tie where India has registered a 5-0 win against Chinese Taipei in the 1st round. Myneni, 26 who made a debut required only 48 min to overthrow Tsung Hua Yang with the score 6-1 6-4. Yuki Bhambri defeated Hsien-Yin Peng, who was playing in place of Ti Chen. Bhambri took 55 minutes to post 7-5 6-0 win which made the impressive score of 5-0 for India. On the other hand Japan has reached the quarterfinals of the Davis Cup. The Davis Cup coach for India, Zeeshan Ali has said it was good that the Indian players got to test against Chinese Taipei.

India prominent market for Facebook

The India head of Facebook, Kirthiga Reddy which is poised to celebrate its 10 anniversary has stated that India is prominent on the list for Facebook and the company believes India will be able to cater to what they are looking for. They aim to present Facebook as a mass media and not social media. The company’s founder Mark Zuckerberg thinks of India as a big market and the learning which is imparted here is applied elsewhere. In India there are 93 million users and it is the second after the US and of these 93 million 75 million use mobiles to access Facebook. When Facebook started here in India four years back there were only 8 million people accessing Facebook.




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