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Major News and Events of 15 October 2015

What Happened on 15 October 2015

Reliance Capital to offer ESOPs

In order to reward and retain employees, Reliance Capital Ltd announced launch of Employee Stock Option (ESOP) Scheme 2015 for its and its subsidiaries' employees. In a statement issued here, the Anil Ambani led Reliance Group company said the ESOP scheme, in which it proposes to grant ESOPs with a notional value of approximately Rs.150 crore to 250 employees across its various group units, will be subject to regulatory approvals. Under the scheme, eligible employees will get options on RCL listed stock and/or phantom shares of its businesses, it said. Source: IANS

Centre moves to rein in spiralling price of pulses

With the prices of pulses spiralling to Rs.190 per kg, the government initiated various measures including imports and invoking the price stabilisation fund to create a buffer stock for reigning in runaway inflation in the commodity. Following an inter-ministerial group (IMG) meeting chaired by him on Wednesday, Finance Minister Arun Jaitley said the government has decided to create a buffer stock of lentils mainly through imports. "Keeping in mind that some amount of stock is available with JNPT (Jawaharlal Nehru Port Trust, Mumbai), the group decided that we build up a buffer stock preferably by imports to take care of the problem in future," Jaitley told reporters after the IMG meeting. Source: IANS

Returning Akademi awards politically motivated: Bengal governor

West Bengal Governor K.N. Tripathi on Thursday said a section of authors returning Sahitya Akademi awards in protest against what they described as "rising religious intolerance" in the society is politically motivated. "Several incidents occurred in the country from the time they received the award and then eventually returned it. It makes one wonder if there is small group of people who are lobbying for the return of these awards," Tripathi said here on the sidelines of an event. Source: IANS

SC relaxes Aadhaar card use

The Supreme court has relaxed its earlier order extending use of Aadhaar card on voluntary basis in social welfare scheme MNREGA, old age pension scheme, provident fund and Prime Minister's Jan Dhan Yojana. The apex court constitution bench headed by Chief Justice H.L. Dattu modified the order on a batch of applications by the central government and its various agencies seeking modification of August 11 order by which the use of Aadhaar card was limited for getting foodgrain and kerosene under PDS and for LPG. Source: IANS

Sacrilege of Sikh holy book: Shutdown in Punjab areas

Commercial and other establishments in some places in Punjab remained shut on Thursday following a bandh call given by some Sikh organisations to protest against the desecration of the Sikh holy book, the Guru Granth Sahib, and the violence on Wednesday that left two people dead and several others injured. Sources said that the effect of the shutdown could be seen in Faridkot, Muktsar and some parts of Moga districts. Source:IANS

Top consumer court orders tests on nine Maggi samples

The apex consumer court has ordered tests on nine samples of Maggi noodles from nine different batches. The decision was taken by a bench of the National Consumer Disputes Redressal Commission (NCDRC). The NCDRC said the Maggi samples should be sent to accredited laboratories after verifying the seal and samples in its presence. The bench of Justice V.K. Jain and Justice B.C. Gupta was hearing a class action suit filed against Nestle India, regarding the alleged high levels of lead content in the company's brand Maggi noodles. Source: IANS

Dance bars get a breather in Maharashtra

The Supreme Court has stayed the operation of Maharashtra Police Act that prohibited dance performances at eating places, beer bars and restaurants. Noting that the said provision was brought back in the Maharashtra Police Act in 2014 after being held ultra vires in 2013 by the top court, the bench of Justice Dipak Misra and Justice Prafulla C. Pant said that it is "appropriate to stay the provision" that prohibits the dance performances. Source:IANS

Rajasthan-based writer returns Sahitya Akademi award

Well-known Jaipur-based Rajasthani and Hindi writer Nand Bhardwaj has returned his Sahitya Akademi award in protest against the "rising religious intolerance and attack on freedom of expression". In a letter addressed to Sahitya Akademi, Bhardwaj said: "There is a growing concern among writers and intelligentsia against attacks and killing by hardline communal forces and the failure of Sahitya Akademi to stand up for them (the writers)." Source: IANS

Indian equities open higher

A benchmark index for Indian equities, the sensitive index (Sensex) of the Bombay Stock Exchange (BSE), opened higher and was trading at 26,931.71 points some 25 minutes after the opening bell.The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading higher at 8,152.15 points, with a gain of 44.25 points or 0.55 percent. Source: IANS

Wrong to suppress Netaji's files for 70 years, Modi told kin

Netaji Subhas Chandra Bose's nephew Dr D.N. Bose, who met Prime Minister Narendra Modi on Wednesday along with other members of the extended family, said Modi told them that "it was wrong to suppress Netaji's files for 70 years". The prime minister also told the family members of Netaji that when he (Modi) came to power at the Centre, some bureaucrats told him that the files could not be released, he said. Source: IANS

Nominations for Kerala local bodies cross 1.50 lakh

With !4 October marking the close of nominations for the two-phase local bodies polls in Kerala, a total of 1.50 lakh nominations have been filed, a state Election Commission official said. The official requesting anonymity told IANS that 1.47 lakh nominations were received during 2010 local body elections. "Figures are coming in from the 4,000 centres across the state where nominations are being accepted. So far, the number has crossed 1.50 lakh and a final figure to be available it will take more time," said the official. Source: IANS

App-based cabs to shift from diesel to CNG by March 1: HC

The Delhi High Court allowed app-based cab service providers to run diesel-run taxis for point-to-point transportation here, provided they shift from diesel to CNG by March 1, 2016. Justice Manmohan on the request of Uber India granted time to app-based companies to shift from diesel-based taxis to Compressed Natural Gas (CNG) to ply in Delhi. These companies can ply diesel taxis from point to point in the national capital till March 1. The court also asked the companies to give details with regard to the manner in which they will phase out their diesel cabs by March 1. Source: IANS

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