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Major News and Events of 03 September 2012

What Happened on 03 September 2012


Parliament paralyzed for the ninth day

The logjam over 'coalgate' continued to paralyze the parliamentary proceedings for the ninth day. BJP remained adamant on PM's resignation as well as the cancellation of the controversial coal mines allocation and the government refusing to listen to this demand. P.Chidamaram echoed the government's decision when he said BJP's demand for PM's resignation was"outrageous". For the cancellation of coal blocks he said that any action can be taken only after the report byan inter-ministerial group is submitted by mid-September. He also specified that the purpose of the coal blocks allocation policy to boost economy suffered a setback as many of the mines have not be mined, even though the allocations were in vogue since 1993. The only way things can proceed further is through a face-to-face debate in parliament, Chidambaram also stated that.

Torrential rains in Maharashtra kill six

Mumbai experienced a heavy downpour with 15 cm average rainfall in 12 hours since 8 a.m. on Monday, September 3 leading to death of a person. Five persons were killed and another four injured when a temple's wall collapsed at Kaundinyapur village in Amravati district. The torrential downpour resulted in overflowing of Thane district's Lake Tansa which supplies drinking water for the 17 million people of the city. Some parts of Mumbaireceived between four to eight centimetres of rains. This may wipe out the water deficit this year. Low-lying areas were waterlogged causing massive traffic snarls on both the national highways and other major roads. Five people were injured in a house-collapse in Chunabhatti area of central Mumbai in the evening as torrential rains continued.

Coal India to spend Rs.5,000 crore to acquire assets abroad

Coal India Ltd (CIL) will be spending Rs.5,000 crore this financial year to acquire assets abroad,this was stated by Pratik Prakashbapu Patil, minister of state in the coal ministry. CIL had also chalked out a Rs.500-crore outlay to develop a coal block in Mozambique. The budget is over and above CIL's capital investment budget of Rs.4,275 crore in the current fiscal with a production target of 464.10 million tonnes and dispatch target of 470 million tonnes of coal. The company's capital investment in the 12th plan is Rs.24,400 crore for the period 2012-17.Rs. 25,000 crore is planned for acquiring assets abroad and Rs.10,000 crore for development of a coal block in Mozambique, in addition to the capital investment. Coal production was in focus when the country faced its worst power outage last month.

Clarity in tax regulations and stable tax regime: Chidambaram

Finance Minister P. Chidambaram on Monday, September 3 gave an assurance to the investors that the government would incorporate clarity in tax regulations and take appropriate steps to ensure a stable tax regime.He stated that the tax officials have been asked to adopt a "non-adversarial" approach to tax collection. Chidambaram was optimistic that the government would be able to meet Rs.5.7 lakh crore direct tax collection target in the current financial year. He accepted that the collection from the direct taxes so far had been below target and that it will probably pick up in the second half of the current fiscal.

India win second test and series against New Zealand

India with its win in the second cricket Test by five wickets whitewashed New Zealand in the two-match series at the M. Chinnaswamy Stadium here. In the second innings given a target of 261 runs, India made 262 for five with Virat Kohli unbeaten on 51 and Mahendra Singh Dhoni on 48 remaining not out. India had scored 353 in the first innings. New Zeland had made 365 in the first innings and 248 in the second innings.New Zealand skipper Ross Taylor said that his team did not put sufficient runs on the board to pull off a victory. Dhoni was happy with overallperformanceof the team.

Twitter blocks third party apps which don't make money

Twitter has again come down heavily on third-party apps and this time those sites that run on the micro-blogging platform but don’t make money. Those who do not pay to use Twitter for its data will now have a sign in button. Earlier Twitter's new API rules imposed a user limit (a maximum of 100,000 tweets) for third-party app developers. Twitter also removed the via stamp from the tweets when it was done from third party apps thus killing the visibility of of Tweeting clients. Tumblr and Instagram had to remove the find friends feature from their services after Twitter imposed new rules and revoked the API.

Life's important lessons for SRK in Kashmir

Superstar Shah Rukh Khan, who is currently shooting for Yash Chopra's untitled directorial project in Kashmir,completed his schedule at Pahalgam but not before taking back home some important lessons which he learnt during his short stay in the valley. This was his maiden film shoot in Kashmir, and for him coming to the Valley of meadows and mountains has been an enriching experience. He tweeted that after ages he got to sleep for 10 hours and was so rejuvenated that he switched his phone to ringing mode after keeping it on silent for years.




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