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Major News and Events of 13 April 2015

What Happened on 13 April 2015


Indian Bourses Close in the Green Yet Again

Indian bourses made significant gains today led by the expectation of yet another economic stimulus push by China, expected overall positive announcement of corporate  earnings, and good performance by individual stocks such as Larsen and Toubro (on the news of its agreement signing with Areva of France for nuclear power projects). At 3.30pm IST, S&P BSE Sensex was trading at 29047.46 (168.08 points above previous close) and Nifty was trading at 8834 (53.65 points up from previous close). While the top 5 gainers at Nifty are Idea, Bharti Airtel, BHEL, Sun Pharma, and Cairn, the top 5 losers are M&M, ACC, Tata Motors, GAIL, and SSLT.

Indian companies to invest $6 billion in Mozambique

Dharmendra Pradhan, Minister of State (Independent Charge) for Petroleum and Natural Gas, said that the Indian oil companies including Bharat Petroleum, Oil India, and ONGC Videsh are all set to make huge investments in oil and gas exploration sector of Mozambique, to the tune of $6 billion, in phases by the year 2019. While briefing the media, Pradhan also said that monetisation of offshore Mozambique’s Rovuma Area 1 is India’s priority. Signifying close ties between the two countries, the oil minister also informed media of a scheduled visit of “high-level delegation from Mozambique’s oil and gas sector” in August.

BJP MP supports Shiv Sena's demand of scrapping of voting rights of Muslims, strokes controversy

Controversial BJP MP from Unnao, Sakshi Maharaj, has supported Shiv Sena’s statement of demanding scrapping voting rights of Muslim community in India. This has kicked up a storm in the political circle. Sakshi Maharaj also called for ending appeasement politics in India. He also said that people from Muslim community must also go for sterilisation just as their Hindu counterparts. Sakshi Maharaj called for a single strict law to promote family planning and therefore check uncontrolled population increase in India. He also indirectly hinted that the increase of population in India was mainly due to Muslims.

The 21st CPIM Conference to Start Tomorrow

The 21st National Conference of the Communist Party of India (Marxist) is all set to begin in Tuesday at Andhra Pradesh’s Visakhapatnam where politburo members along with nine hundred CPIM delegates will discuss about adopting the right strategy for strengthening the party throughout India. Leaders of other Left parties such as Suravaram Sudhakara Reddy (GS of CPI), Debabrata Biswas (Forward Block), Kavitha Krishnan (CPI-ML), and Provash Ghosh (SUCI) have been invited to attend the conference. Incumbent CPI-M General Secretary, Prakash Karat, will step down from the position as constitution of the party mandates maximum three terms. CPI-M delegates will choose the new General Secretary at the end of the six-day conference.

"Save Net Neutrality" Campaign Gains Momentum

After multiple telecom operators approached TRAI (Telecom Regulatory Authority of India) for permission to block access to websites and online apps (Skype, Flipkart, Whatsapp, etc.) and in turn charge money from consumers and businesses for access, a storm was raised in the cyberworld. More than one lakh emails have been sent to the telecom regulatory body through savetheinternet.in website for saving neutrality of the internet. TRAI had asked for public consultation on the issue after receiving telecom operators’ request. Public feedback deadline ends in one week’s time.  Implementation of consultation paper on Over-The-Top (OTT) Services’ Regulatory Framework of TRAI, published on March 27, will adversely affect equal access to internet content.

Sania Mirza Becomes the First Indian Female Tennis Player to Reach Number one rank in Doubles

Sania Mirza became the first Indian female to reach the No. 1 rank in doubles tennis after she and Martina Hingis won their third consecutive championship, USD 731,000 WTA Family Circle Cup in Charleston, in a row as partners.  Though the official ranking chart will be published today, available information shows that Sania reached the top with 7965 points in her kitty, followed by Sara Errani and Roberta Vinci of Italy having accumulated 7640 points each. Fact sheets show that Sania Mirza-Martina Hingis duo have till now played 14 matches in three tournaments and have lost just three sets.

HDFC Bank to Launch Mobile Banking App on Apple Watch later this Month

HDFC Bank is all set to enter the ‘watch banking’ market space, the first-of-its-kind in India, as it prepares to launch mobile banking app on Apple Watch later this month.  HDFC Bank’s digital banking head, Nitin Chugh, said that they would be offering eight to ten features generally available in the mobile banking application. He also said that they started development of the application when developers’ kit was released by Apple Watch. Customers of HDFC Bank will be able to make payments for utility bills, check account statement, request for chequebooks, pre-paid mobile phone recharge, and balance enquiry through use of Apple Watch app.              

Hollande to Hold High-Level Meeting on Sale of Jets to India

After signing a $5 billion deal with Indian Prime Minister Narendra Modi on the sale of 36 Rafale fighter jets to India, President of France, Francois Hollande, is all set to hold a high-level meeting for chalking out the finer details of the deal. As per media reports, the high-level meeting will be attended by executives of Dassault Aviation, the manufacturers of Rafale jets, officials of Hollande government, and the French President. The concerned meeting will take place at Elysee Palace.

PMO's Additional Principal Secretary stresses on Improving Capabilities of Government Staffs for Delivering Effective Governance

Additional Principal Secretary in the Prime Minister’s Office, PK Mishra, while delivering a speech at a training programme in Delhi said that the objective of the government is to provide transparent, responsive, accountable, effective, and efficient governance. He also stressed on the need of enhancing capabilities and skills of government employees for meeting the aspirations of the people. He went on to stress on the importance of employees’ capacity building at all levels for delivering the programmes, launched by the Narendra Modi government, smoothly and efficiently. PK Mishra made the statements at a two-day national symposium organised by the Department of Personnel and Training along with UNDP (United Nations Development Programme).

Indian Students can Stay in France for an Additional Two Years after Completing Studies

After Indian Prime Minister Narendra Modi signed an agreement with French President Francois Hollande at the end of his four-day meeting in France yesterday, Indian students studying in France can now stay there for an additional 24 months for facilitating their professional experience. As per the agreement, the same will also be true for French students studying in India. As per the VIE Scheme, the Indian post graduate students can stay for two years, 1 year addition to the already existing 1 year scheme, for getting professional experience. According to the scheme, 250 French students would be permitted up to 24 months stay in India to join French companies operating in India.

PM Modi likely to meet Netaji Subhash Chandra Bose's Nephew amid Nehru-Snooping Controversy

After inaugurating Indo-German summit in Hannover, Indian PM Narendra Modi will on Monday visit Berlin to attend the community meeting hosted by the Indian Ambassador. Following the Nehru-snooping row on relatives of freedom fighter Netaji Subhash Chandra Bose, Modi will meet his grand nephew, Surya Kumar Bose, in Berlin. While talking to the media, Surya Kumar Bose said that he would ask the PM to declassify files related to Netaji Subhash Chandra Bose. He went on to say that he has been invited to a reception in Berlin along with many others where the Indian PM will be present and he hopes to meet and interact with Modi.

Narendra Modi woos Investors at Hannover Fair Address

Indian Prime Minister Narendra Modi went all out to woo investors from Germany and other prosperous nations of the European Union and assured them of providing a friendly business environment along with a stable and competitive tax regime. Modi made the statement while addressing an audience at the prestigious Hannover Fair after inaugurating the event with Angela Merkel, the German Chancellor. Indian PM also said that his government is in the process of simplifying procedures and at the same time removing unnecessary regulations for helping foreign companies fruitfully participate in the ‘Make in India’ programme. Most importantly, he also said during his speech at Hannover Fair that his government is creating a rational land acquisition framework without adversely affecting landowners and farmers.




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