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Major News and Events of 09 July 2012

What Happened on 09 July 2012

Stranded Air India passengers return from Pakistan with a smile

The stranded passengers and crew of an Air India aircraft which had to make an emergency landing at Nawabshah Airport in Sindh, Pakistan reached Delhi on Monday with smiles on their faces in spite of 12 hours unscheduled halt. The Pakistani authorities did all to make the passengers and the crew comfortable by quick clearance of relief plane, providing transit visas and serving water and refreshments to the passengers. 

The AI 940 which was Delhi bound from Abu Dhabi had to make an emergency landing after a trouble was detected in the hydraulic system. Pakistan’s Defence Secretary Nargis Sethi  asked the  Civil Aviation Authority (CAA) to offer all the assistance to the 122 passengers and the 8 member crew.

Five acquitted, four get life imprisonment in Best Bakery case

Acquittal of five accused and life imprisonment for four- this was Bombay High Court’s judgment in the Best Bakery case. The court also observed there were serious lapses in the investigations by the police.   The division bench of Justice VM Kanade and Justice PD Kode has stated that the order will be delivered in one or two days.

Life sentences for Sanjay Thakkar, Bahadursingh Chauhan, Sanabhai Baria and Dinesh Rajbhar were upheld taking into account the four eye witnesses’ statement. But there was a reversal of trial court’s orders in case of Rajubhai Baria, Pankaj Gosavi, Jagdish Rajput, Suresh alias Lalo Devjibhai Vasava and Shailesh Tadvi on the grounds that there was no evidence or eye witness for their alleged role in the crime. In a mob attack 14 members of a family were killed in the bakery in Vadodara.  It was after four months that the high court heard on the appeals of the nine accused. 

Indian junior women's hockey team felicitated by SAI

The Indian junior women’s hockey team was felicitated by Sports Authority of India (SAI). They got the silver medal in the recently-completed Asia Cup in Bangkok.In 2008 India had got a bronze medal. This time it lost to China 2-5 in the final but it got qualified for the FIH junior women’s World Cup scheduled for next year.

The team’s coach N.S. Saini, specified that the girls played well despite their limitations and that they  needed more exposure in playing foreign teams. The rain break seemed to have done away the chances of the team’s win as from 2-0 lead it lost to China as stated by the assistant coach. 

Eight Indian companies in Fortune's top 500, IOC and RIL in top 100

Eight Indian companies have made it to the coveted list by Fortune magazine of world's 500 largest companies.  Indian Oil with 83rd spot(98th last year), and Reliance Industries with 99th position ( last year 134th) make it to the top 100.

Out of these eight companies five are state-run. The others who figure in the top 500 are Tata Steel, Tata Motors, Bharat Petroleum, Hindustan Petroleum and Oil & Natural Gas and State Bank of India. The list also includes Citigroup, ArcelorMittal, which are headed by people of Indian origin.

India Inc seeks stimulus package from the government

India Inc has, once again requested the government for an “economic revival package”. But any relief in the lines of the stimulus offered in 2008-09 is not possible that was stated by C Rangarajan, Prime Minister’s Economic Advisory Council (PMEAC) chairman.  He specified that monetary action will depend on easing out of inflationary pressures. He also stated that situation in India is unique from other countries as we have a high growth rate as well as high level of inflation. 

Some of the proposals put forward by India Inc. comprising CII, Assocham PHD Chamber of Commerce includes speeding up of pending reforms, the Goods and Services Tax (GST) implementation from April 1, 2013, deduction of 100 base points in the repo rate and cash reserve ratio and floating of infrastructure bonds for NRIs and people of Indian origin. Whereas Rangarajan has specified that for the RBI to adopt a mild stance the non-food manufacturing inflation has to show a dip. In 2008-09 government had given a Rs 1.86 lakh crore stimulus package. 

Google's business practices to be probed by Competition Commission of India?


Competition Commission of India (CCI) is said to have launched investigation into Google's alleged anti-competitive practices. This was stated by CUTS International, a consumer policy research and advocacy group, which submitted a complaint against Google. 

CUTS in its complaint on June 8 has specified that Google indulged in abusive practice by using its leading position in Indian market.  That the search giant delivered biased search results and in the process attracted traffic to its services. The smaller companies suffered as Google supposedly manipulated its search algorithms denying them an opportunity to score in the online domain. Google has stated they are not aware of any such investigation and have not received any communication from CCI. 

Ranbir steps in director shoes

Ranbir Kapoor always had this desire to become a director and he had expressed this fact as well. The actor used his directorial skills in a promotional video shoot for his film Barfi which is yet to release.

As the director Anurag Basu was busy in post-production an agency director was hired for the promotional video shoot. As some portions were difficult to direct, Ranbir stepped in and directed one sequence. The actor earlier had directed some portions of the Nissan Micra ad. 

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