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Major News and Events of 05 November 2014

What Happened on 05 November 2014

Indian Cricket Players Stand By Sachin

Sachin Tendulkar not only regarded former Indian Cricket captain Greg Chappel as dictatorial but also accused that he conspired to remove the then Captain Dravid. Though Greg Chappel called Tendulkar a liar, Muralitharan along with renowned Indian cricket players including Zaheer Khan, Harbhajan Singh, and  VVS Laxman spoke out against Greg. Laxman specifically mentioned that Greg Chappell used to follow divide and rule policy and created rift within the team during his tenure from 2005 to 2007.

Google Vice President Amit Singhal Shows the Future

Amit Singhal, software engineer and Senior Vice President of Google Inc., has said that Google will transform itself into a perfect personal assistant in the coming future. He asserted his audience that this search engine will cater to the specific needs of people by knowing in advance the specific needs of individuals as well as the time when he/she needs it. According to Singhal this will increase thought process of individuals.

RSS Chief on 'Love Jihad' and his Prescription to Counter it

Mohan Bhagwat, Chief of RSS, has recently said that girls from Hindu families who fall in love with boys from Muslim community, need counseling to counter the trend. He said that in reported cases of 'Love Jihad', considering police help should not get priority. He rather stressed upon counselling girls and preaching 'Indian Values' so that they don't get lured by Muslim youths.          

BJD Leader of Orissa Arrested for Involvement in Chit Fund Scam

Members of Parliament (Ramachandra Hansda) from Biju Janata Dal party along with two of its former Members of Legislative Assembly (Hitesh Bagarti and Subarna Naik) have been arrested by CBI for their alleged involvement in Nabadiganta Capital Financial Services Chit Fund scam. The charges levelled by the central agency on the accused are cheating, criminal conspiracy, and fund diversion.

Kolkata on Terror Target: Intelligence Report Indicates

Central intelligence agencies have sent a major threat perception to West Bengal administration. According to the report, there are chances of Mumbai-styled terror attack carried out through sea route. The report indicates that Pakistan Navy’s submarines could be used to attack Kolkata based ports. Kolkata Police has increased security cover. Indian warships - INS Sumitra and INS Khukri – have been sent back to sea from Khidderpore dock.

Delhi Assembly Poll Rumbling

After Central government gave nod to dissolution of Delhi assembly, all the political parties have geared up the process of preparing for yet another showdown. The next Assembly elections is likely to take place in January-February, 2015. BJP has not yet decided on the probable Chief Ministerial candidate. However, Aam Aadmi Party may project Arvind Kejriwal as their CM candidate. INC is sitting on the fence on this matter.

Shiv Sena on Fadnavis and Vidarbha

Before joining the ministry Shiv Sena has reminded its supporters through an editorial at Saamna that the new Chief Minister had vouched for dividing Maharashtra, to carve out Vidarbha, earlier. Shiv Sena hopes after assuming the important position Devendra Fadnavis will not resort to any kind of divisive politics. On November 2, the new CM said in a program that the decision of new state formation lies with Central government and the end will be achieved amicably.

INC to Select Legislature Party's Leader and Deputy Leaders in Maharashtra

Maharashtra Congress will meet on November 6 to elect its leader as well as deputy leader of the legislature party. For overseeing selection process of the leaders, the meeting will be attended by senior INC leaders such as Mohan Prakash and Mallikarjun Kharge. Sources within the party indicate that no factional feud will be tolerated.

Private Banks Find New Target Lending Segment

Corporate sector in India has not yet shown any significant sign of increased loan requirements. This has forced private banks to concentrate more on lending for medium and small businesses. This is a significant new trend because lending practices to SMEs, loans up to Rs. 5 crore as per RBI guidelines, are generally restricted to public sector banks along with Axis and HDFC. Market analysts point out that private banks can make this lending segment profitable if they manage priority sector lending in a prudent manner.

Regulator-Free Auctioning for Coal Blocks

Seventy four coal producing blocks will be auctioned through e-auctioning route by coming December 2014. Official reports say that there will be no regulator during the auctioning process. However the coal mines that are currently non-operational will not go under the hammer for now. Officials say that these blocks will be used mainly for end usage purposes including production of iron, cement, and power.   

Land Aquisition for Industries to get Easier

Narendra Modi government has planned to change the existing land acquisition laws, implemented by the erstwhile UPA government in January 2014. In the Bill, NDA government is all set to do away with the social impact assessment study as most states have said that this will delay projects by 2 years. In addition, the consent clause of 70 percent land owners may also be done away with. However, it is not yet clear whether the proposed amendments will be implemented through ordinance route.

Sensex Reaches New High

When global indicators are giving mixed signals, Sensex witnessed a roaring opening as S&P BSE Sensex touched at all time high of 28006.60 points. Small-cap as well as mid-cap indices are also doing exceptionally well. Both are trading at 0.8 percent higher. In the morning, CNX Nifty was trading 0.5 percent higher.

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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