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Major News and Events of 09 April 2016

What Happened on 09 April 2016


Moody's lauds PM Modi's Make in India initiative for boosting FDI

PM Modi's 'Make in India' initiative got a shot in the arm after a report published by Moody's Investors Service said that the Foreign Direct Investment (FDI) in India increased significantly due to the adoption of the initiative for transforming India into a manufacturing hub. Moody’s lauded the initiative as it reduces Indian economy’s dependence on portfolio investment and also helps government in covering current account deficit. Reports say that net FDI inflows in January 2016 increased to an all-time high to $3 billion.

PM Modi asks for reports on Panama Leaks within 15 days

While stressing on the need of speedy investigation into the Panama Papers revelations, Prime Minister Narendra Modi asked top officials to submit its interim report within 15 days so that multi-disciplinary committee can be set up for thorough investigation. A top functionary said that PM wants to have a clearer picture on the whole Panama documents and modus operandi of the people who stashed billions in the tax haven. Reports say that around 500 Indians have opened offshore companies with the help of law firm Mossack Fonseca.

BJP raises poll pitch in Assam against CM Tarun Gogoi

With political pundits forecasting brightening prospect of BJP in Assam assembly election, the BJP has raised its poll pitch against Tarun Gogoi government. With Sarbanand Sonawal as BJP’s projected CM candidate of Assam, Prime Minister Narendra Modi asked people of the state to give BJP-led government an absolute majority and ensure development for the state. He also asked voters to defeat rumour-mongering forces who are trying to create political instability. Modi attacked incumbent Congress government of its involvement in the chit fund scams and claimed that Pradhan Mantri Jan Dhan Yojana will end chit fund frauds.

ISRO-NASA to jointly launch satellite for Monitoring Climate Change

Indian Space Research Organisation (ISRO) and NASA (US space agency) will jointly launch a satellite (named NISAR or NASA-ISRO Synthetic Aperture Radar) for monitoring deformations on earth’s crust, seismic activities and climate change. This will ultimately help in studying earthquakes and their patterns and take measurements of ice-sheet collapse, ecosystem disturbances, and many other natural calamities including landslides, volcanoes and tsunamis. ISRO Chairman AS Kiran Kumar said that his agency will provide the S-Band and NASA will provide L-Band component along with antenna.

NSA Doval asks Pakistan about Pathankot probe progress, to hold strategic talks with China

After Pakistan’s ambassador to India Abdul Basit said that the India-Pakistan Comprehensive Bilateral Dialogue has been suspended for now and also ruled out visit of India’s NIA team for investigating January 2 Pathankot terror attack, National Security Advisor Ajit Doval called up Naseer Khan Janjua (Doval’s Pakistani counterpart) late on Friday night and lodged a strong protest. According to Pakistani media reports, Doval asked Naseer to reject Abdul Basit’s statement. Under such circumstances, India may toughen its bilateral engagement with Pakistan. Meanwhile, NSA Doval is set to hold strategic dialogue with his Chinese counterpart in Beijing next week.

West Bengal CM dares PM Modi to arrest her; calls BJP 'Fraud' party

After Prime Minister Narendra Modi said that TMC means “T for Terror, M for Maut, C for Corruption” and went on to regard Kolkata flyover tragedy as God’s message to people for saving West Bengal from TMC during an election rally, West Bengal Chief Minister Mamata Banerjee shot back by saying BJP stands for “Bhayanak Jali Party” (dangerously fraud party). She challenged PM Modi to arrest her and said she always fights with her head held high. Mamata filed her nomination yesterday from Bhowanipore constituency. Her rivals, Congress candidate Deepa Dasmunshi and BJP candidate Chandra Kumar Bose, also filed nomination from the South Kolkata constituency.




FAQs and Answers on Indian History and Geography
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