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Major News and Events of 10 July 2012

What Happened on 10 July 2012

Salman Khurshid says his comments were misinterpreted

Salman Khurshid feels that the media has misconstrued his comments in an interview where he said that Rahul Gandhi was playing a cameo role now. He specified that his party was committed to face the challenges at present and in that context he had stated that the young leadership was ready to lead from the front. He also felt that discussions on party leadership were best to be kept within party from now on. He questioned the media that why his words were not read in positive light rather than in this way.

The BJP on the other hand praised the minister for his candidness though Khurshid has blamed the Opposition as well for misinterpreting his comments. BJP stated that Khurshid has expressed what the common man and the Opposition feels.??

India to get its third stock exchange in MCX-SX

Sebi has granted permission to MCX-SX to begin operation as a full-fledged stock exchange like NSE and BSE. This comes after a four years of wait and tussle which went up to the Supreme Court. This new development may mean a threat to NSE’s virtual monopoly and would initiate more competition in market. MCX-SX at present is involved in trading of foreign currency derivatives the permission to which it got in September 2008.

There are some conditions though specified by Sebi like the promoters will need to bring down the shareholding in MCX-SX to 5% in 18 months, reduction in entitlement to equity or rights over equity in 3 years to shareholding limit of 5%. Also the two promoters’ right to vote cannot be beyond 5% of MCX-SX's equity capital. 

Human remains found near Laila's farmhouse


Human remains which include three skulls were found in the farmhouse belonging to Bollywood starlet Laila Khan in Igatpuri near Nashik, the crime branch informed.  Laila Khan has been missing since early last year. Pervez Tak, the key suspect has stated  to Jammu and Kashmir police that he has murdered her. Tak was arrested in a forgery case last month and he has given statement that he murdered Laila and others last year in Maharashtra.

The Mumbai police stumbled upon the remains after a day long search. It was Tak only who showed the places where he had supposedly buried the remains.  The Crime Branch is looking into the kidnapping case of Laila and her family members.  

Vijay Mallya may sell stakes in the Royal Challengers Bangalore

Vijay Mallya may be forced to sell his stakes in the Royal Challengers Bangalore IPL franchise. This move he may have to take to reduce his debt in Kingfisher Airlines which is around Rs 7500 crores as per reports.

Mallya acquired the Royals Challengers Bangalore in 2008 for $111.6 million. The team has reached the finals twice but is yet to win an IPL title. This season it finished at fifth position. 

Facebook launches App Center in India


Facebook has launched its App Center in India which is part of its move to target 80% of its 900 million users who reside outside the US and Canada. This will help the users to find media content, games and music services easily. The App Center was launched in the US last month.

FB has informed that the App Center has led to millions of app installations. Facebook itself does not host apps but redirects users to relevant stores. The App Center tab can be seen in the left panel of your home page. This feature is also available for Android and iPhone users. 

Satyamev Jayate helps NGO get Rs 4.37 lakh as donations


Muktangan Rehabilitation Centre (MRS), an NGO which works in the field of de-addiction got Rs 4.37 lakh in donations due to Aamir Khan’s TV show Satyamev Jayate. MRS, which is ISO 9001:2000 certified organization, got its activities highlighted in one of the episodes of the show which was on alcohol abuse. This NGO got nominated in the show for its continuous endeavor in the field of de-addiction.

Rs 2.18 lakh were collected from the SMSs sent by people for the show and rest of the amount was collected by Nita Ambani's Reliance Foundation. The NGO has said the money will be utilized for the treatment of addicted street children who cannot afford treatment.  

FAQs and Answers on Indian History and Geography
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