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Major News and Events of 07 May 2013

What Happened on 07 May 2013

Parliament stalled, BJP demands PM, Bansal and Ashwani's resignation

Proceedings in both the houses of parliament were stalled on Tuesday as the Bharatiya Janta Party (BJP) demanded Prime Minister Manmohan Singh's resignation over anomalies in the allocation of coal blocks and also asked for the resignation of P.K. Bansal and Ashwani Kumar.

Lok Sabha and the Rajya Sabha were both adjourned till noon, a few minutes after the question hour started in the morning at 11 a.m. when the houses met. When proceedings started again in the Lok Sabha at noon, members of the BJP went to the speaker's podium asking for the prime minister's and the other two ministers' resignation. 

Speaker Meira Kumar tried to bring order in the house but the BJP members did not pay heed to that and continued with their slogan-shouting. The house was then adjourned till 1 pm

The upper house of the parliament had similar scenes with BJP members shouting slogans against the prime minister. Deputy Chairman P.J. Kurien adjourned the house till 2 pm

Both houses have witnessed disruptions by opposition parties over the allocation of coal blocks and 2G spectrum.

The BJP has stated that the proceedings of the parliament will not be allowed until and unless the PM resigns and Bansal and Ashwani Kumar do so as well.

CBI to appeal against Sajjan Kumar's acquittal

The CBI will challenge the acquittal of Congress leader Sajjan Kumar in a 1984 anti-Sikh riots case by a city court, before the Delhi High Court. The CBI has got "strong grounds" which may form the base of its petition. CBI sources specified that CBI will most probably wait till the court gives its verdict on the quantum of sentence for those proved guilty in the case.

District and Sessions Judge JR Aryan on April 30 acquitted Kumar in the case which went on for 29 years and in which Kumar was charged with murder and inciting a riotous mob that killed five Sikhs in Delhi's cantonment area. Five others - Balwan Khokkar, an ex-councillor, Mahender Yadav, an ex-MLA, Kishan Khokkar, Girdhari Lal and Captain Bhagmal - were convicted for their role in the riots that ensued after the assassination of the then Prime Minister Indira Gandhi on October 31, 1984.

CBI sources specified that the agency's legal department has gone through the judgement and came across several strong points on the basis of which it is going to approach the Delhi High Court challenging the acquittal of Kumar. CBI will be approaching the Law Ministry and ask its approval for the launch of the process of appeal in the high court.

Allahabad Bank Q4 net profit declined by 68.47 percent

Public sector Allahabad Bank recorded a 68.47 percent reduction in net profit for the quarter ended March 31, 2013. It came down to Rs.126.15 crore from Rs.400.22 crore in the same period last year.

The bank, which has its headquarters in Kolkata, stated that the sharp decline in profit was due to fresh addition of non-performing assets (NPA), greater provisioning and dip in accrual on advances.

The bank's total income, however, grew to Rs.4,776.90 crore for the period under review compared to Rs.4,523.38 crore in the year-ago period.

The  interest margin dipped to 2.30 percent in the last quarter of the 2012-13 fiscal from 3.23 percent last year.

Vengsarkar requests for additional playoff tie in Mumbai

Dilip Vengsarkar, the former captain of India has written a letter to Board of Control for Cricket in India (BCCI) president N Srinivasan urging to schedule an 'additional final' of the Indian T20 league at Wankhede or the DY Patil Stadium in Mumbai on May 28 so that funds can be raised for drought-hit Maharashtra.

The final of the league will be hosted on May 26 at Eden Gardens in Kolkata. Vengsarkar specified that he was writing the letter on a personal level and as there was severe drought in many regions of Maharashtra and urgent financial help was needed. He further added that BCCI had earlier stood up to the occasion in such matters. He appealed for the arrangement of another final so that funds can be raised from the match for the worthy cause.

'Bombay Talkies' most fun experience: Dibakar Bannerjee

During the making of Bombay Talkies with three other directors, Dibakar Bannerjee stated that he had an enjoyable experience. He even wondered when he would again get to work with his three friends Anurag Kashyap, Zoya Akhtar and Karan Johar.

Bombay Talkies, an anthology film has four short films and released on May 3. The four films were made and promoted jointly without any competition. In fact though his movie was appreciated by everyone, his personal favorite was Karan Johar's as he thought Karan went out of his comfort zone to make the movie.

Subscriptions for YouTube channels this week?

Google is ready to launch subscriptions for some of YouTube’s more popular video channels as per reports in media. The report also further states that this was in pipeline for months, and may be announced this week and will be applicable to as many as 50 YouTube channels.

Subscriptions may be at $1.99 per month, which is around Rs 107, and may be a new source of revenue for YouTube. The popular video site wants to explore options to create a subscription platform that would result in great content for the users to enjoy. It will also let the creators have an option to generate revenue from their content, apart from the rental and ad-supported models currently in vogue.

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