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Major News and Events of 04 October 2012

What Happened on 04 October 2012


Modi lashes out at Sonia, says BJP will win big

Narendra Modi, the CM of Gujarat has come up with a scathing attack on Sonia Gandhi, the Congress President. He stated that in the upcoming elections BJP will win in a resounding manner. While talking to the media he criticized Gandhi for drawing a comparison between the development of other states and Gujarat. He also stated that she was making false claims regarding the availability of cooking gas in Gujarat. Modi stated that the government had provided piped cooking gas facilities to 7 lakh families across 300 villages. He also stated that the government wanted to provide the facility to 20 lakh more families.

He expressed confidence in the fact that people in Gujarat will be re-electing BJP in a major way after it was announced that the state assembly elections will be held in December. Modi further stated that he was not bothered by Gandhi’s election campaign in the state pointing out that Congress fared badly in the previous elections at Chota Udaipur where the Congress President had spoken to the voters. He has also indirectly criticized Gandhi for going outside India for her treatment and not apologized as per Congress demands for commenting on the costs involved in her treatment.

Kashmir: 4 CRPF troopers injured in blast

Four paramilitary officers were injured in Jammu and Kashmir on Thursday when a grenade was thrown by separatist guerrillas at a hotel. Two of the troopers have been wounded seriously. The attack happened at Sopore, a northern town 54 kilometers from Srinagar. As per the local police the attack was meant for the 179 battalion’s headquarters, which is located close to the chief bus stand in the middle of the town. The troopers were immediately taken to the hospital after the incident and the security forces surrounded the area quickly as well.

India increases reforms in pension and insurance sectors

The Union Cabinet has approved legislative alterations whereby 49% FDI will now be allowed in the pension and the insurance sector. In the insurance sector the previous limit was 26%. Manmohan Singh presided over the cabinet meeting where the decisions were taken. He also consented to major changes to the Companies Act and provided the controlling body of the financial markets more independence in coming up with more options and commodities as far as futures trading was concerned.

The reigning coalition UPA has provided its approval to 21 proposals on Thursday even as it tries to liberate the economy even further. P Chidambaram announced the decisions – this included choosing 5 domestic airports for carrying out international operations, restructuring the employment exchanges, and permitting the Competition Commission to monitor the financial services. It has also cleared the draft version of the 12th Five Year Plan (2012-13 to 2016-17), which aims for an 8.2% growth of the national economy. The National Development Fund will now take it up. An infrastructure fund has also been cleared.

It is expected that the opposition, specially the BJP will create some opposition against the decisions on insurance, commodities forwards contracts, and pension when it comes to approval of the parliament. The Parliamentary Standing Committee on Finance is led by Yashwant Sinha, a prominent BJP leader. It had advised that FDI in insurance be limited to 26% and agreed to the idea of 26% FDI in the pension sector. Chidambaram has said that as the foreign equity in the two sectors is connected so the limits in pension and insurance are similar. As per the new pension plan the regulatory body has employed 7 fund managers for procuring investments.

Mary Kom criticizes Manipur government

Mary Kom, the first Indian lady pugilist to win an Olympic medal, lashed out at Manipur, which is also her home state, saying that the government is yet to provide her the land that had been promised to her a couple of years back. As per the 5 time World Champion, she is also to earn the previously promised promotion in the state police force. She stated that the land has been demarcated but the paperwork is yet to be done. The 29 year old mother of twin sons has also stated that she has appreciated the adulation and felicitations coming her way since her London Olympics achievement. However, she has stated that she is not looking for a gold medal at the 2014 Glasgow Commonwealth Games.

English Vinglish sees the biggest premiere of 2012

The comeback film of yesteryear's superstar Sridevi, English Vinglish, has turned out to be the biggest premier this year with the entire Bollywood fraternity coming to encourage her return following a 15 year hiatus from the big screen. Sridevi attended the premiere with her daughters Kushi and Jhanvi and her husband Boney Kapoor. Madhuri, a rival of Sridevi during the late 80s and early 90s, attended the event with Sriram Nene, her husband. In addition to the actresses like Tabu, Bipasha Basu, Sonakshi Sinha and others, top directors and actors such as Amitabh Bachchan, Ramesh Sippy, Anil Kapoor, Sanjay Kapoor, Ashutosh Gowariker, and Anees Baazmee attended the premiere. The film will release on October 5, has been produced by R Balki and directed by Gauri Shinde.

Cheapest tabs of India launched in Bengal

Pantel Technologies Private Limited (PTPL) has introduced the most inexpensive tabs of India in the eastern region. The company states that it hopes to sell 10 thousand in the next 6 months in West Bengal itself. The director of PTPL, Vivek Prakash, has stated that the tabs, entitled Penta T-pads, have a starting value of INR 3999 with features like WiFi, and touch screen facilities. The company is looking at sectors such as education, information management systems, and healthcare and would be looking to enter into tie ups. BSNL has already tied up with the company and is hopeful that this association will help it in increasing its base of 3G subscribers in Kolkata by 200%.




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