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Major News and Events of 14 January 2015

What Happened on 14 January 2015


Jet Airways Stock fell Sharply after Rumor but Recovers after Company's Statement

Stocks of Jet Airways fell sharply by 6 per cent after media reports indicated that promoter chairperson of the company Naresh Goyal pledged his 51 per cent stake in the company to Punjab National Bank taking loan from the concerned national PSU bank as working capital. However, Jet Airways promptly issued a statement saying that Goyal didn’t sell his stake to PNB but only gave ‘non disposal undertaking’ to the public sector bank. After this announcement, Jet Airways (India) Ltd. stock recovered, which was trading at Rs. 465.50 per stock (0.38 per cent above from yesterday’s closing) at 3.22 pm IST.

Moderate Rise in December WPI

Rise in food price increased Wholesale Price Index in the month of December by 0.11 per cent, available reports indicate. This is a reverse inflationary trend Indian economy has witnessed in last few months. Official data released today showed that WPI rose inspite of the fact that fuel prices as well as manufacturing product inflation declined during the period. Consumer Price Index data for December also increased in December to 5 per cent from November’s 4.4 per cent. Analysts believe that this moderate rise in inflation will not come in the way of rate cut by RBI.

TCS Releases Statement on Lay-off Controversy

After lots of protests on the rumours of large scale lay-off by IT major Tata Consultancy Services has come clean on the controversial issue. TCS has issued statement that the company has no plans of laying off employees, working in any tier of the organisational hierarchy. Management has slammed reports and rumors of large-scale lay-offs. The IT and Consultancy behemoth has said that during 2014-15 financial year, involuntary attrition rate will be around 1 per cent of the total employee strength of the organisation.

Union Government Starts Easing Industrial Pollution Norms

Union Environment ministry has started the process of easing environmental norms for accelerating the growth rate of industrial output. The union government has not only asked the state governments to eliminate licensing powers of the states, which they are empowered by the environmental laws, environment ministry has also started giving additional push to the process of self regulation as well as self certification by respective industries. Per central advisory to state governments, which was issued on December 23, 2014, it is not mandatory from now on for the industries to get consent-to-establish certificates from pollution control boards of respective states.  

NC gives Unconditional Formal Support to PDP to form J&K Government; PDP Refuses

After National Conference formally sent letter of ‘unconditional support’ yesterday to single largest party of the J&K Assembly People’s Democratic Party for forming government and break the on-going logjam, the latter rejected the offer today. It is learnt that PDP refused to accept the offer because it believed by doing so they would go against the mandate of people, who yearned for a change of erstwhile NC-INC government. Naem Akhtar, spokesperson of PDP, today briefed press by saying National Conference was rejected by the Kashmir Valley.

Kejriwal Tries to Placate Corporate to Rectify its Anarchist Façade before Delhi Assembly Election

Arvind Kejriwal, who is believed to have earned an anti-corporate image during its 49-day rule of Delhi Assembly after it came down heavily on Reliance, has walked the extra needed miles to assure corporate that his Aam Aadmi Party will not crackdown if it assumes power yet again during Delhi Assembly election of 2015. However, Kejriwal also took dig at BJP, its main rival in Delhi, by saying that the saffron party resorts to fund collection from corporate entities for campaigning and winning election. The ‘muffler-man’ made these allegations during AAP’s fund-raising event.

World Bank Report Predicts Robust Growth Story for India by 2016-17

World Bank has predicted that Indian Economy will increase at the rate of 7 per cent by the financial year 2016-17, thereby catching up with the growth rate of China. WB has also observed that the ailing Indian economy has recovered after years of lull experienced during UPA regime. The three factors that World Bank believes recovered the economy are Modi government’s economic measures undertaken in the last six months, lower interest rates, and dipping international crude oil price. This announcement was made by Kaushik Basu, Senior Vice President and Chief Economist of World bank.

 

Delhi Police Sources claim Sunanda Pushkar Murder Mystery an open-and-shut case

As BJP’s Subramanyam Swamy and Congress’s Shashi Tharoor enter into a volley of words, Delhi Police sources claimed today that the Sunanda Pushkar murder mystery is an ‘open-and-shut case’. It is learnt from available media reports that Delhi Police has found contradictions between statements made by Tharoor and people who were examined by the police. BS Bassi, Delhi Police Commissioner, informed media that SIT is likely to question Congress MP and slain Sunanda Pushkar’s husband in the coming few days.  

 

 

Amnesty International urges Obama to take up Bhopal Gas Tragedy Issue with Modi during India Visit

1984 Bhopal Gas Tragedy issue is likely to surface during US President Barack Obama’s visit to India, on 26 January, after Amnesty International USA’s Chief of Staff Margaret Huang urged the President to take up the matter with Indian Prime Minister Narendra Modi during the former’s visit to India in the latter part of January 2015. Margaret asked Obama to discuss it with NaMo and issue a joint statement on several unresolved issues (concrete steps to be undertaken for cleaning up the concerned industrial site, holding the culprits accountable, and provision of proper treatment for the survivors) regarding Bhopal Gas Tragedy.  

Table Tennis Player and Coach Suspended

A male Table Tennis Player-cum-Coach has been suspended by Chhattisgarh Association after its 3-member committee placed report on the controversial CCTV footage, showing a physical tussle between the male coach and girl Table tennis player. Owing moral responsibility of the incident secretary of the Association has submitted his resignation. It is learnt that the probe was initiated after media reports flashed the incident and not on the basis of any complaint filed by any girl.

DRDO Chief Sacked; PMO Rubishes Allegations of 'Ulterior Motive'

Avinash Chander, Chief of Defence Research and Development Organisation as well as one of the leading scientists in the field of missiles, has been sacked by Narendra Modi government. It is learnt from the sources in Prime Minister’s Office that Prime Minister himself was unhappy about the lackadaisical manner in which DRDO was functioning under Chander, especially regarding some key defence projects. Sources revealed that PMO acted upon the recommendations of Defence Ministry, which wanted a younger chief. Avinash is likely be replaced by current Director of the Bhabha Atomic Research Centre, Sekhar Basu.

Samsung Z1 Smartphone launched

South Korean tech giant has launched its first Tizen-based smartphone named Samsung Z1, which will be available in the Indian market from today. This Rs. 5,700 smartphone is expected to work better with the brand’s gear watches and upcoming television, both based on Tizen OS. Samsung Z1 is packed with dual core processor clocked at a speed of 1.2GHz, RAM of 768MB, 1500mAh battery, WVGA PLS display of 4 inches, 4GB ROM, multiple connectivity options (v4.1 Bluetooth, Wi-Fi, GPS, and 3G), and many more.      




FAQs and Answers on Indian History and Geography
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