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Major News and Events of 04 July 2012

What Happened on 04 July 2012


Google's Nexus 7 in India in October

Google’s Nexus 7 tablet made in partnership with Asus will be launched in India in October this year. This is the first Nexus branded seven inch tablet which has Google's unmodified Android operating software. The tablet has 8GB internal storage and is priced at $199. Asus has not disclosed the price for which the tablet will be available in India as this with other specifics like exact configurations will be decided in September this year. As it is low priced compared to other models in the US it seems Nexus 7 can be one of the most cost effective high end tablets in India.

Indians shine at Wimbledon

India's Leander Paes and his Russian partner Elena Vesnina have entered the third round of the Wimbledon mixed doubles. Similarly Rohan Bopanna, and his Chinese partner Jie Zheng had a smooth win through a second round walkover from Marcelo Melo of Brazil and Vera Zvonareva of Russia.

The fourth-seeded Indo-Russian pair of Paes and Vesnina won 6-3, 6-3 against the unseeded duo of Ashley Fisher of Australia and Mona Bartheli of Germany. They will next face the Belarussian pair of Max Mirnyi and Victoria Azarenka. 

Bollywood actors unhappy with the service tax

Government’s decision to tax Bollywood and TV actors 12 % service tax has invited the ire of many Bollywood stars like Sonam Kapoor, Arshad Warsi, producer-director Farah Khan and others  who have been vocal on open forums to express their discontent.

The stars feel it would be difficult for some actors to sustain in this competitive world with the extra burden of taxes. Some opine that they are already doling out much as taxes and this may lead to more actors without jobs. Actors should be treated as any other employed professionals and this differential treatment was uncalled for.This 12 per cent service tax for the actors from this month on their earnings is over and above their income tax obligations.

US 'bring jobs home' attitude, a cause of concern for Indian IT: Experts

Indian IT industry which depends heavily on foreign contracts has a new reason for worry. The US government has decided to stick by the onshore model for two new projects. There has been a shift to anti-offshoring model in the US and the US  government has lately included a mandatory clause for no offshoring in contracts.

President of NASSCOM Som Mittal has opined that this does not mean that business will be denied. Further since there is shortage of highly skilled resources in the US anti-offshoring will be restrictive. The Presidential elections is believed to be the cause for ‘bring jobs home’ attitude in the US. This is going to affect the Indian companies, that is the buzz in the Indian IT space. 

RBI will watch over monsoon for policy review

In the upcoming first quarter review of monetary policy 2012-13 on July 31, RBI will watch over the progress of monsoons.  As the progress had a direct effect on inflation in the last 2-3 days the RBI Deputy Governor Subir Gokarn stated RBI will put close watch on this aspect.

Monsoon has a direct bearing on the Indian economy as 60 per cent of the cultivable land in the country is not irrigated.

RBI had kept its rate unchanged in the mid quarter policy review on June 18 for various reasons which included inflationary concerns and deteriorating global situation.

God particle: 'India is like a historic father of the project'

The discovery of a new sub-atomic particle critical in understanding  how the universe was formed has Indian connection.  In this world’s most ambitious experiment there was involvement of large number of Indian scientists representing the Saha Institute of Nuclear Physics (SINP), Kolkata, Tata Institute of Fundamental Research, Mumbai, Harishchandra Research Institute, Allahabad and Institute of Physics, Bhubaneswar.

The experiment, which spotted the sub-atomic particle "consistent" with the Higgs boson or 'God particle', has an Indian connect was stated by the CERN scientists. "India is like a historic father of the project," said Paolo Giubellino, spokesperson for CERN.

Not 10, but 12 terrorists trained for Mumbai attack: Abu Jindal

12 LeT men sneaked into Mumbai for the 26/11 attacks and not 10, Abu Jindal the Indian handler of the attackers disclosed this fact to the investigators. This has stumped the Indian sleuths as now they need to figure out who were the other two terrorists who didn’t turn up on that fateful day which killed 166 people and injured 230.

Abu Jindal is right now in a mood of disclosing new facts about 26/11 attacks which is sending not only India but the world into a tizzy. Jindal said he personally trained the 12 terrorists in speaking Hindi and acquainted them with the culture of Mumbaikars. There was last minute change in LeT’s operations so only 10 terrorists were sent to India for the attack. 




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