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Major News and Events of 10 March 2015

What Happened on 10 March 2015


3G-version of Moto E Launched in India Today at Rs. 6,999; Customers can buy from Wednesday Midnight

Motorola Moto E (Gen 2) is now available in India at an official price of Rs. 6,999. Though the affordable smartphone has been launched today, it will be available for the customers to buy online through Flipkart from Wednesday midnight. Lenovo-owned Motorola has disappointed Indian customers by not launching the 4G LTE version of the smartphone along with the 3G enabled Moto E (Generation 2). Though the company assured Indian market that they would launch LTE version soon, they didn’t provide distinct date of the launch. Reports say that Motorola Moto E will now be available at Rs. 5,999.

CBI asks TMC to Reveal its Income from Sale of Mamata's Paintings and Donations during 2010-2014

Central Bureau of Investigation has sent a letter to headquarter of Trinamool Congress on March 5, seeking detailed information on the sources of income of the party from the year 2010 to 2014. Specific information has been asked about the income generated for TMC from advertisements, donations, and sale of Mamata Banerjee’s paintings. Sources reveal that the same letter was sent to Mukul Roy, erstwhile General Secretary of TMC, through email on March 3. However, Mukul Roy has reportedly communicated to the CBI that he can’t reply the query as he doesn’t hold the GS position of TMC anymore.  

Satyam Founder and Other Directors Found Guilty by Special Court

A Special Court in Hyderabad has found B Ramalinga Raju, founder of Satyam Computer Services Limited, and other directors of the company guilty for violating Companies Act in all seven cases filed against them in December 2009 by Serious Fraud Investigation Office. While all the accused were fined anything from Rs. 10,000 to Rs. 10 lakhs, some former directors including Raju were sentenced to 6 months jail. Krishna G Palepu, one of the former directors, was found guilty on complaint 394/2009 by the Special Court and was fined Rs. 2.66 crore, which has to be paid within two months period.

AAP Releases Official Statements about Removing Prashant Bhushan-Yogendra Yadav Duo

Aam Aadmi Party has issued official statement about removing Prashant Bhushan and Yogendra Yadav from Political Affairs Committee on March 1. The statement, issued by Manish Sisodia, said that Prashant Bhushan told leaders about the necessity of AAP’s defeat in Delhi Assembly election for making Arvind Kejriwal come back “to his senses”. It also accused Yogendra Yadav of talking off the record and planting stories to media for discrediting AAP. Both Bhushan and Yadav welcomed AAP’s official statement as they believe this will bring the truth out in the open and reveal deep fault lines that have grown within AAP.     

India Wins Comfortably Against Ireland

India secured a comfortable win against Ireland today, making it straight ninth match win for India during ICC World Cup. Ireland batted first and piled up 259 runs on scoreboard in 49 overs. N O'Brien, Porterfield, and Stirling were the highest scorers of Ireland scoring 75, 67, and 42 runs respectively. With a ton by Shikhar Dhawan and 64 runs by Rohit Sharma, India reached the 260 run target in 36.5 overs by losing just 2 wickets. India tops the Pool B chart by accumulating 10 points by winning all 5 matches played till now during 2015 World Cup.   

Modi-Mamata Meet after 9 Months of New PM assuming Office

West Bengal Chief Minister Mamata Banerjee met Indian Prime Minister Narendra Modi yesterday to request waiver of insurmountable accumulated Rs 3 lakh crore loan of the state, which she claims her government mostly inherited from 34 years of ‘Left misrule’, for continuing infrastructure projects and run welfare schemes. Two rounds of meeting took place with one-to-one meeting of 20 minutes followed by discussions with team of delegates from West Bengal. While left called the meeting ‘ghar wapsi’, ex-general secretary of TMC Mukul Roy welcomes the meeting but called it late response. Modi gave no assurance to Mamata on debt relief.  

Drugs Controller General of India Issues Draft for Requirement of Mandatory Accreditation for Clinical Trials

Drugs Controller General of India has issued a draft planning to set new standards in all clinical trials. Per Union Government’s plan, accreditation will become mandatory for all clinical trials and any kind of violation will attract punishment to the extent of debarment from practice. New guidelines put notice to hospitals, members of ethics committee, and investigators. Quality Council of India is assigned with the duty of assigning accreditation in case of clinical trials. GN Singh, DCGI chief, said that a panel of experts is working to strengthen regulatory framework to maintain proper standard in controlling quality in clinical trials.     

31 Rounds of Spectrum Auction Receives Bids of Rs. 94,000 Crore

Spectrum auction, at the end of five days, got bids amounting to a total of Rs. 94,000 crore from the leading telecom companies including Reliance Communications, Idea Cellular, Vodafone, and Bharti Airtel. It is learnt that thirty-one rounds of auction are already over by the end of fifth day. Yesterday, the auction earned the government Rs. 8,000 crore from seven rounds. Sources say in case of 1800 MHz, the bidding was normal. However, robust bidding was witnessed in multiple spectrum bands including 900 MHz, 800 MHz and 2100 MHz. Bidding for 2100 MHz of 3G spectrum is yet to be done.       

OECD Witnesses Firming Economic Growth and Better Prospects for Indian Economy

Organisation for Economic Cooperation and Development (OECD), a global think-tank group of 34 major economies based in Paris, has observed in its recent report that growth scenario of the Indian economy is getting stronger with every passing day and the prospect is becoming better than other countries. OECD’s observations are learnt to be based upon Composite Leading Indicators (CLIs). The group’s report points out that CLIs for India started bettering since September 2014 when it was 99. In December 2014, CLI became 99.3 followed by 99.5 in January 2015, thereby registering a positive sentiment and “firming growth”.

Transparent Auction of 31 Coal Blocks Earn Government Over Rs. 2 Lakh Crore

Anil Swarup, Coal Secretary, has said that proceeds (including upfront payment, royalty proceeds, and e-auction proceeds) from the recent auction of thirty-one coal blocks have crossed the Rs two lakh crore mark. He also said that with the coal blocks’ reverse auction, consumers of power are going to get added tariff benefit of around Rs 97,000 crore. Swarup went on to say that transparent process of auction has reaped rich benefit for the government. Monnet Power Company yesterday emerged as the highest bidder for Odisha’s Utkal C mine with Rs. 770 per tonne, which helped the government earn Rs. 9,537.22 crore from the sale.

Modi Condemns Release of Hurriyat Separatist Leader Masarat Alam

With the release of Masarat Alam’s, Hurriyat separatist leader, from jail, Indian Prime Minister Narendra Modi condemned the newly constituted Jammu and Kashmir government’s decision. He also told parliament that the release was done without consulting the Union Government. However, Peoples Democratic Party claimed that the decision of releasing the separatist leader was taken during 49-day governor’s rule in J&K. Available reports say that District Magistrate of Jammu was asked by Home Ministry’s Additional Secretary to free Masarat Alam.  

Government to bring 9 Amendments on Land Acquisition Bill; Congress firm on Opposing it

The Union government has agreed to move nine amendments on the proposed Land Acquisition Bill today to reach a consensus on the controversial issue. However, Indian National Congress yesterday stood firm on its decision of vote against the proposed bill until and unless it is tabled in the format passed in 2013 or send the same to Parliamentary Standing Committee. Sonia Gandhi met Congress MPs and issued a three-line whip to vote against the proposed bill. It is learnt that BJP has opened all fronts to woo non-Congress parties (including Biju Janata Dal, TMC, Shiv Sena, Akali Dal, and Telangana Rashtra Samithi) to vote in favour of the proposed bill.




FAQs and Answers on Indian History and Geography
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Which State is the Largest Mica Producer? Andhra Pradesh is the largest producer of mica in India. For over hundred years, India had enjoyed monopoly in production and export of sheet mica in the world. Of late,… Read More...