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Major News and Events of 06 July 2013

What Happened on 06 July 2013

Bihar gets largest package for rural development in 12 years

Bihar has been allocated a special package of Rs.4,130 crore for rural development. This announcement was made by Jairam Ramesh, the Minister of Rural Development. The minister is on a two-day visit to Bihar to oversee the progress of rural development projects.

This is the largest package Bihar has got in 12 years. Ramesh also stated that the below poverty line (BPL) quota for allocation of houses under the Indira Awas Yojna would wind up from April 1 in 2014.

Amit Shah offer prayers for Ram temple in Ayodhya

Amit Shah, who is BJP General Secretary, visited the temporary Ram Temple at Ayodhya and offered prayers and expressed a wish that one day it will be a magnificent shrine.

He went there from Lucknow and also offered prayers at the Hanuman Garhi temple. He also stated that he had offered prayers for good governance and Congress losses in the 2014 elections. He also hoped that people will come together to construct the Ram Temple in Ayodhya as it was connected to the sentiments of millions of Hindus.

Being in charge of Uttar Pradesh, he also had a meeting with leaders of BJP’s Avadh Prant including 14 districts of UP.

SEBI imposes restriction on Gillette India

SEBI issued a directive against Gillette India which failed to comply with the criteria of 25% minimum public shareholding. Their voting rights will freeze and this would be applicable even for corporate benefits that include dividends.

The restrictions will impose on Procter and Gamble (P&G) and the Poddar group, who are promoters of Gillette in US and in India respectively. This will continue till holdings by promoter come below 75% which at present is at 88.76%, the freeze will be applicable on around 48% of the holding. Gillette did appeal regarding this, but it was rejected by the Securities Appellate Tribunal (SAT).

The interim relief provided by SAT was removed as the deadline for the same was on June 3. The promoters will not be able to deal in the securities of Gillette India and the promoters and directors will not be able to occupy any new post as director in any listed company.

India beat West Indies by 102 runs

India tasted their first win of the tri-series when they posted a 102-run victory over the West Indies (D/L method) at the Queen’s Park Oval at Port of Spain.

West Indies, winning the toss, elected to field. India compiled 311 for 7 wickets with the skipper Virat Kohli scoring a fiery century of 102 runs off 83 balls. As rain disrupted the play, the target for West Indies was revised at 274 in 39 overs but the hosts could make only 171 in 34 overs.

With this match West Indies still tops with nine points and India and Sri Lanka both have 5 points each.

Farhan Akhtar trained 18 months for 'Bhaag Milkha Bhaag'

Farhan Akhtar has worked very hard for his next movie Bhaag Milkha Bhaag.

Portrayal of legendary Olympian Milkha Singh led him to have a 18-month exercise regime. The fact that the director Rakeysh Omprakesh Mehra wanted Farhan to look like an athlete and in fact sprint like an Olympic player resulted in Farhan training hard for the role. He had a team of athletics coach, fitness trainer to guide him in his regimen. Farhan followed strict diet and exercise routine for a year and a half.

Vespa VX scooter at Rs. 71,380

Vespa VX, the scooter that comes at ex-showroom price of Rs. 71,380 by Piaggio, the Italian auto manufacturer, hit the market. The machine has a 125 cc engine designed especially for the Indian customer. The company claims the scooter will give a mileage of over 60 kmph.

The company had launched a single model last year and now aims at expansion. As much as 52,000 units have been launched of Vespa LX. Piaggo are known for Moto Guzzi and Aprilia range of superbikes.

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