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Major News and Events of 04 July 2015

What Happened on 04 July 2015

Doha Bank all set to Double Business in India in 2-3 years to $5-6 Billion

A Qatar-based leading lender, Doha Bank, has said that in keeping up with the projected high growth story of Indian economy, they are aiming to enhance their Indian exposure in the coming 2 to 3 years from the current $2.4 billion to $ 5-6 billion. Reports say that Doha Bank has decided to focus on multiple sectors including infrastructure finance, funding to big corporate to fulfill their working capital needs, contract finance, real estate, trade and services. CEO of Doha Bank, R Seetharaman, said the Indian economy is currently on a revival path and the measures announced by government are expected to push the economic growth way above the projected 7-7.6 per cent growth rate. Doha Bank, which also finances Indian companies for investing in Gulf projects, is planning to open two more Indian offices, in addition to the existing two in Mumbai and one in Kochi.

State-run BSNL Launches Pre-Paid Card Linked Mobile Wallet Service

BSNL has come of age with the changing times. The company launched pre-paid card linked mobile wallet service named Speed Pay that will help customers make payment for services, transfer money, and withdraw cash up to Rs. 1 lakh. Reports say a person can use this wallet for loading money even if he/she does not possess a bank account. The loaded money can be withdrawn from either a BSNL outlet or bank branch and can be transferred to a bank account. While inaugurating the service, Telecom Minister Ravi Shankar Prasad said that PM Modi once asked him whether people of Uttar Pradesh and Bihar working in Tamil Nadu and Kerala can transfer money to their families back home. Prasad added that this wallet service is a significant step towards that direction. Speed Pay has been launched by BSNL by partnering with IT company Pyro.    

India Humiliated by Belgium in Hockey World League (HWL) Semi-Final Match

Indian men’s hockey team was ousted from Hockey World League by the hosting country Belgium in the semi-final match played at Antwerp’s Brasschaat Municipal Park. Belgium humiliated India 4-0. Three goal scored by Belgium’s Florent Van Aubel made the game a no-match. The second goal on behalf of Belgium was scored by Tanguy Cosyns. The hosts played smart and put pressure on India at the very beginning of the game by scoring their first goal at 2nd minute of first quarter of the match. India’s Satbir Singh got a golden opportunity to level the score but a brilliant save by stopper Vincent Vanasch denied the equaliser. It was Tanguy Cosyns who scored the second goal to help Belgium lead by 2-0 at 8th minute of the game. In the 41st and 53rd minute of the game Van Aubel scored the third and fourth goals.  

Union Minister Mukhtar Abbas Naqvi says Madrasas are a Reality in India

While attending an Iftar party organised by Ramdas Athavale, chief of Republican Party of India, at Mumbai’s Haj House Union Minister of State for Minority Affairs Mukhtar Abbas Naqvi said that madrasas "are a reality of India" and went on to add that on behalf of the union government he has assured the madrasas that they are in favour of education for all and there will be no dearth of funds. Naqvi also said that it was erstwhile Congress government that excluded Madrasas from the ambit of formal school category and also assured that his government at the centre will consider including these educational centres under Right to Education Act’s mainstream educational system. Mukhtar Abbas Naqvi’s comment come at a time when confusion surfaced after Maharashtra government decided to classify madrasa students who were not taught mainstream subjects and but only Islamic scriptures as “out-of-school”.     

BJP Lawmaker 'Dreamgirl' Hema Malini Discharged from Hospital, Criticised for not Reaching out to Accident Victims

BJP lawmaker and yesteryear actor, 66-year old ‘Dreamgirl’ Hema Malini, whose chauffeur-driven Mercedes rammed on a Maruti Suzuki Alto killing a 4-year old girl child, has been discharged from hospital after undergoing a surgery of wounds and treatment for minor nose fracture. Fortis Hospital’s spokesperson said that the actress was discharged at 9.30am IST today on the request of her family. Prima facie police report says that Hema’s car was over-speeding at the time of accident on Jaipur-Agra national highway near Dausa. Mahesh Chand Thakur, driving Hema Malini’s car, was arrested by Rajasthan police and was kept at Dausa’s Kotwali Thana. FIR was filed and produced before Additional Chief Judicial Magistrate Pallavi Sharma before being released on bail.

India Abstains from Voting on Israel's Gaza Operation at UNHRC

United Nations Human Rights Council (UNHRC) adopted a resolution that condemned Israel on the basis of the UN Inquiry Commission report in the Operation Protective Edge in Gaza. 41 countries voted in favour of the resolution, US voted against it, and 5 countries (India, Ethiopia, Kenya, Macedonia, and Paraguay) abstained from voting. Though Israeli media marked India’s abstention from voting as their “unprecedented achievement”, Ministry of External Affairs issued statement that India still maintains its “long standing position on support to the Palestinian cause”. Israeli PM Netanyahu criticized UNHRC by saying they are not interested in facts or human rights as he alleges the resolution condemned targeting of innocents by Israel but completely ignored rocket fire by Hamas. Indian officials say reference to International Criminal Court, not recognised by India, made it abstain from voting. PM Modi is all set to visit Israel in late 2015 or early 2016.     

FAQs and Answers on Indian History and Geography
Which Indian state is the largest producer of bauxite?The state of Odisha is the largest producer of bauxite in India. India has abundant resources of bauxite and serves as a raw material in the production of aluminium. As per the report of the Ministry of Mines, India stood at the 7th position in… Read More...
Which Indian city is famously known as the "Manchester City of India"?The city of Ahmedabad in the Gujarat state is famously known as the "Manchester City of India". This name was given to this city by a popular textile center in the Manchester of Great Britain, adhering to the striking similarities of Ahmedabad's prospering cotton textile… Read More...
Which Indian state is the largest producer of coffee?Karnataka state is the largest producer of coffee in India. The state contributed about 70% of the total production of coffee in India during 2016-17 with 2.33 lakh MT coffee production. The main variety of coffee grown in Karnataka is Robusta, but the state also… Read More...

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