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Major News and Events of 12 July 2015

What Happened on 12 July 2015


CEA Arvind Subramanian says Indirect Tax Revenues Increased by 37.5 per cent during April-June'15

Arvind Subramanian, Chief Economic Advisor, has said that growth rate of indirect taxes in India has been encouraging in the June quarter of 2015-16 fiscal, which he inferred to be reflective of economy’s healthy growth. Subramanian, without divulging actual collection numbers, said that indirect tax revenue during April-June quarter of 2015-16 increased by a robust 37.5 per cent. Formidable increase in indirect tax collection has been attributed by the Chief Economic Advisor to effective additional measures undertaken by the Union Government. He referred to two additional measures, which includes service tax rate increase from June 1, 2015 and increase of excise duty on gold, petrol, and diesel. Arvind Subramanian also pointed out that the other constituents of indirect tax, besides excise duty, such as customs and service taxes increased by 14.5 per cent in Q1 of 2015-16 when compared to that of same period previous fiscal.  

Population of India touches 127,42,39,769, Increasing at Breakneck Speed of 1.6 Per Cent Per Annum

Population in India is increasing at an alarming speed of 1.6 per cent every year. On World Population Day yesterday at 5PM IST, the Indian population was 127,42,39,769 and reports say India will become world’s most populous nation by 2050, where expected population will be 1.63 billion. Union Health Ministry’s autonomous body National Population Stabilisation Fund (NPSF) said that India accounts for 17.25 per cent of world’s total population. An official of NPSF has said that China is still the most populous country of the world with a population of around 1.39 billion but added that India could well surpass China by 2050. Union Health Minister J P Nadda said that his ministry is trying to achieve population stabilisation goals by roping in development partners and NGOs. Meanwhile, Ministry of Health and the Ministry of Skill Development have signed MoU for increasing skilled human resources of health sector.

Union Government Launches Rs.5,000 crore Project for Building Telecom Infrastructure in North East

Union Telecom Minister Ravi Shankar Prasad has said that Modi government has launched an ambitious Rs. 5,000 crore project for developing telecommunications in North East states. He went on to add that the project, spanning over 5 years, will start after foundation stone is laid at Bangladesh’s Cox Bazar for operationalising new international internet gateway. Prasad also said that after international internet gateway gets commissioned, internet connectivity in North Eastern states will be at par with that of other parts of the country. He stressed on the fact that better internet connectivity will boost North Eastern states’ economy, banking, tourism, education, etc. Union Telecom minister stressed upon efficacy of Digital India initiative, launched by PM Modi on July 1, 2015 in transforming India. While emphasizing on the need of developing North East, Prasad recollected PM Modi’s speech where he said India will remain incomplete till northeast region remains underdeveloped.   

Sania-Hingis Triumphs Wimbledon Women's Doubles Final, Creates History

Ace tennis player Sania Mirza along with her Swiss partner Martina Hingis won Wimbledon Women’s Doubles Final by defeating Russian pair Ekaterina Makarova-Elena Vesnina 5-7, 7-6 (7/4), 7-5. Sania created history as she became the first women's Wimbledon championship winner from India. In fact, this win is the first ever Wimbledon title win for Martina Hingis since 1998. Sania-Hingis duo made a superb comeback after they were down by one set (5-7) and was lagging behind the Russian pair by 2-5. Though Sania has earlier won three Grand Slam mixed doubles tournaments, this is the first time she won women's doubles title at a Grand Slam event. Both President of India Pranab Mukherjee and Prime Minister Narendra Modi congratulated Sania and Hingis on achieving the feat. Sania Mirza hoped that this win “inspires a lot of girls” and make them believe that they can win Grand Slam title too.  

Union Government mulling the Idea of Effectively Managing North Eastern Borders

Union Home Minister Rajnath Singh has said, while giving his speech at a meeting with Chief Ministers of North Eastern States, that more than two lakh people living in 240 villages along Indo-Myanmar border live “at the mercy of the insurgents” as they don’t have any “worthwhile security cover”. He also said that R N Ravi chaired Joint Intelligence Committee (JIC) is expected to submit its report on effective management of India-Myanmar international border in coming few days. Rajnath went on to add that under Border Area Development Programme, the development expenditure has been increased by 30 to 40 per cent for North Eastern states. During yesterday’s meeting, Tripura’s Chief Minister Manik Sarkar blamed successive union governments, since Independence, for backwardness and underdevelopment of North Eastern states. Sarkar also regarded poverty, discontent, and deprivation as root causes of insurgency, inspite of it looking like a security problem superficially.     

Pakistani Lawyer refuses giving Voice Sample of 26/11 Mumbai Attack Mastermind Lakhvi even after Modi-Sharif Agreement

Pakistani lawyer of Zakiur Rehman Lakhvi, mastermind behind 26/11 Mumbai attack, has refused to provide authorities voice samples of his client, inspite of the ‘encouraging’ extended meeting and agreement signing between PM Narendra Modi and Pakistani PM Nawaz Sharif at the sidelines of BRICS and SCO meets at Russia’s Ufa city. Lakhvi’s lawyer Rizwan Abbasi said that his client has refused providing his voice sample earlier and will keep refusing it again in the future. The Pakistani lawyer went on to add that according to Pakistan’s law, the accused must give his consent on giving his voice sample. The reaction comes within 48 hours of Modi-Sharif agreements on terror cooperation, expedite Mumbai court trial process, and Pakistan to provide India with Lakhvi’s voice sample. However, Salman Khushid, former External Affairs Minister, has asked Prime Minister Narendra Modi to not expect dramatic results from his Pakistan visit in 2016.




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