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Major News and Events of 07 August 2014

What Happened on 07 August 2014

India Ratings increased FY15 GDP growth estimate marginally to 5.7 percent

On a good show by the industrial sector, domestic rating agency India Ratings increased its FY 15 GDP growth estimate from 5.6 percent to 5.7 percent. It said, “We believe both revenue and disinvestment targets are optimistic. A large part of non-plan expenditure is of committed nature and it is quite likely that the government will overshoot the budgeted targets”.

Hrishita Bhatt Makes a Comeback to Films

Hrishita Bhatt will make a comeback to Bollywood with the upcoming film “Bhai Ka Maal Hai”. The film will be directed and written by Anil Goyal and produced by Rajesh Agarwal under the banner of RTM Technologies Pvt. Ltd., Delhi. The release date of the film is not declared yet. She was last seen in the movie ‘Anuradha’.

Nokia India Head Balaji Quits

P. Balaji, Nokia’s India head has resigned and according to sources, many other employees may follow. His resignation has come amidst the new Microsoft set up. Microsoft bought the global devices business of Nokia in April. A Microsoft spokesperson said, “After spending almost two years with Nokia and now in Microsoft Devices Group (MDG), P Balaji has decided to move on from the organisation for personal reasons”. The software giant denied that Balaji’s exit was related to the bigger changes announced by the company in July.

Narendra Modi to be assisted by Google to Develop Varanasi as Culture Hub

PM Narendra Modi has initiated the process of developing Varanasi as a national hub for culture and heritage. As per reports, Google along with technicians, consultants, professionals, etc. are working on the project to identify the tourism hotspots and improve security and movement in the city. Many companies have shown interest to assist the government after Modi announced his interest in developing Varanasi. However, Google declined to comment on this and said, “As part of our ongoing initiative with the Archaeological Survey of India (ASI) to bring India's national monuments online, we continue to explore opportunities to collaborate further. We have nothing more to share at this point”.

At Chess Olympiad, India Wins Round Five

At the 41st World Chess Olympiad in Norway, Indian open and women teams have won their fifth round against Montenegro and Austria respectively. Women team made a clean sweep over Austria with 4-0 score, while the open team scored 3.5-0.5 against Montenegro.

In Early Trade, Sensex down over 18 Points, Rail Shares Cruise Ahead

In early trade today, the benchmark BSE Sensex declined over 18 points, extending Wednesday’s losses. A weak trend overseas made investors reflect dampening trading sentiment. The 30-share barometer fell by 18.84 or 0.07 percent in early trade. It had already lost 242.74 points in the previous session. Amidst this, companies involved in railway-related businesses were in demand after the government yesterday approved FDI in the sector. Nifty also shed 4.25 points or 0.06 percent.

Sacking of Governor Kamla Beniwal was not Politically Motivated, Says Government

The government today justified the sacking of the Governor of Mizoram Kamla Beniwal yesterday. She was just two months short of completing her tenure as the Governor of the state. The ruling government confronted the opposition allegations of “vendetta politics”. According to sources, Beniwal had differences with Narendra Modi while he was the CM of Gujarat. Exactly a month ago, she was shifted from Gujarat to Mizoram. Parliamentary Affairs Minister Venkaiah Naidu said, "Action was taken as per Constitution. There are serious allegations against Kamla Beniwal”.

IM Commander Yasin Bhatkal to be questioned by UP Police

Indian Mujahideen commander Yasin Bhatkal will soon be questioned by the UP Anti-Terror squad before August 10. After the interrogation, he is certain to be taken on remand by other states. Formalities for his remand are underway, officials said. Additional Director General Mukul Goyal said Bhatkal had a role in the Sheetla Ghat blasts that occurred in Varanasi on December 7, 2010. The blast was carried out by IM operative Tehseen Akhtar.

Union Cabinet Approves Lowering Juvenile Age from 18 to 16

The Union Cabinet on Wednesday approved lowering of age of juveniles from current 18 years to 16 years. The move is aimed at arresting the growing instances of juveniles committing heinous crimes such as rape, etc., and to empower Juvenile Justice Board to decide whether a juvenile aged above 16 is to be tried as a major or be sent to an observation home. The bill, however, makes it clear that in no case the juvenile will be awarded death penalty or life imprisonment.

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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