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Major News and Events of 16 February 2015

What Happened on 16 February 2015


Man Behind Google Maps is on 'Next Billion' Database Mission

The person behind the success of Google Maps, Lalitesh Katragadda, is now on a mission of creating a massive database of information of one billion people. It is learnt that Katragadda is employing the same method that he used while making Google Maps a success story. Sources reveal that Lalitesh has already employed a team of engineers for developing the database platform. He told the media that enabling infrastructure of the ‘Next Billion’ database is ‘Aadhar’ but also went on to say that government of India is trying to get other tools.

Indian PM Vouches for Innovation in Renewable Energy Sector

While addressing an audience at Renewable Energy Global Investors Meet, the Indian Prime Minister Narendra Modi said that the renewable energy sector needs innovation for not only reaching the ambitious goal of 100 Giga Watt solar energy creation by 2020 but also to make power affordable, especially those produced from wind and solar energies. While stressing on ‘7 horses of energy’, NaMo said that the time has come to shift focus from renewal energy sources of nuclear, hydro, natural gas, and thermal to wind, solar, and biogas energies. ‘Clean energy powers local job growth in India’ analysis has claimed that emphasis on solar energy can create jobs for 1 million people.

Sri Lankan President Starts his 4-day India Tour

Maithripala Sirisena, newly elected President of Sri Lanka, has started his four days India tour yesterday. Sirisena is expected to hold talks with Indian government to renew bilateral ties between the two countries that suffered during his predecessor Mahinda Rajapaksa’s regime. Lakshman Kiriella, spokesperson of the Sri Lankan government, told media that the new government is all set to start a new beginning with India. The Indian government wants to forge ties with Sri Lanka on the basis of “genuine and effective reconciliation”, sources reveal. Maithripala Sirisena is going to have talks with the Indian Prime Minister.

Performance of India Inc. Disappoints During Oct-Dec Quarter

Quarterly report shows that performance of India Inc. during the third quarter of 2014-15 fiscal is not encouraging enough. While comparing with the figures of the corresponding period of the last year, aggregate net profit of 2,941 countries, after adjusting extraordinary transactions, has come down by 6.3 per cent. The annual growth rate of profit in Q3 is the worst to be witnessed in the last five quarters. Sales growth of India Inc. was the slowest in the last 12 quarters. Performance of the listed companies at BSE Sensex was also poor as their year-on-year net profit declined by 6.5 per cent.

Capital International to Buy 11% stake of ChrysCapital in Mankind Pharma

Private equity fund named Capital International is in the discussion process of claiming 11 per cent stake in one of the fastest emerging healthcare companies of India, Rs 1,300-1,500 crore valued Mankind Pharma. Market sources reveal that besides Capital International, two other PE Funds have also showed interest in Mankind Pharma. It is learnt that Capital International is going to buy ChrysCapital’s 11 per cent stake in Delhi-based pharmaceutical company. R C Juneja, Chairman of Mankind, and his family have no plans of diluting their 89 per cent stake, sources reveal.

HSBC India in New Tax Evasion Row

Woes of HSBC continues as new revelations reveal that the representatives of the Indian banking unit of HSBC, whose employees are based in the USA, had assured certain customers that details of their accounts will not be divulged to the tax department and thereby, they will be able to evade payment of taxes. It is interesting to note that the revelation took place on a day when HSBC sought public apology from people on the reported ‘stashing of black money’ in its Swiss banking arm, by advertising in British newspapers.

VHP Asks 'Hindu' Leaders to Give NaMo Some time to Establish 'Hindu' Faith and Culture

After the likes of Sakshi Maharaj and Sadhvi Niranjan Jyoti embarrassing Indian PM Narendra Modi with their ‘Hindu’ jibe, Hindu leaders have been asked by Vishwa Hindu Parishad not to make any comment that embarrasses NaMo. Raghav Reddy, international president of VHP, has asked the ‘Hindu’ leaders to give Narendra Modi some time to implement the ideals of ‘bharatiya’. He went on to say that NaMo and his new government believe in ‘Hindu’ faith and culture and will establish them after some time.

AFSPA and Article 370 Emerge as Note of Contentions between BJP-PDP Alliance

Sources reveal that the talks between Jammu and Kashmir People’s Democratic Party and Bharatiya Janata Party have advanced and the formation of the next Jammu and Kashmir government seems eminent. However, the talks are stuck at two contending issues AFSPA and Article 370 as the two political outfits have dramatically opposite beliefs on these two issues. Per their Common Minimum Programme, CM’s post will go to PDP and the Deputy CM’s to BJP. It is learnt that Mufti Mohammed Sayeed, PDP patron is going to meet Indian PM Narendra Modi today.

India Start their World Cup Cricket 2015 with a Win Against Pakistan

The Indian Cricket Team won their first match against their arch rival Pakistan in their first match in ICC World Cup 2015 by 76 runs. India piled-up a decent 300 runs on board at the loss of five wickets with Virat Kohli scoring a ton (107 runs) and commendable knocks by  Suresh Raina (74 runs) and Shikhar Dhawan (73 runs). Chasing a target of 301 runs to win, Pakistan bundled-up in just 47 overs by scoring 224 runs. With this loss, Pakistan was unable to break the World Cup ODI jinx as they lost to India for the 6th time in 50-over ODI format of ICC WC. The man of the Match Virat Kohli called his knock and India’s win as one of the biggest wins till now.

172 Indian Fishermen Released by Pakistan

After Indian PM Narendra Modi and his counterpart from Pakistan Nawaz Sharif agreed to resume foreign secretary level talks, 172 fishermen were released by Pakistan as a goodwill gesture. Malir Jail’s superintendent, Muhammad Sehto, told media that they have released the prisoners after getting the release orders. He also informed that the 172 fishermen will be handed over to Indian authorities through Wagah border and the prisoners will be ferried to Wagah by train. NaMo has said that S Jaishankar, newly appointed Foreign Secretary, will go on a SAARC trip to strengthen the bilateral ties between estranged neighbours.

RSS Chief Vouches for Unity of 'Hindu Society' and Strengthening it

Mohan Bhagwat, chief of right wing organisation Rashtriya Swayamsevak Sangh, has told its cadres that the main work of RSS is to unite the ’Hindu society’. While delivering his speech at Kanpur’s 'Rashtra Raksha Sangam' event, Bhagwat said that the time has come when they have to fulfill the needs of the ‘Hindu society’ as the entire society has started wanting RSS. He went on to say that the task of RSS is to make the ‘Hindu society’ selfless, self reliant, and fearless, and it can be done by the organisation’s branches and not through lectures.

Prices of Petrol and Diesel Revised After Rise in International Crude Oil Price

Recent volatility in crude petroleum price in the international market has made the Indian Oil Corporation to increase the price of both diesel and petrol by 61 paise and 82 paise per litre respectively. In a statement, IOC has said that this new price revision has been made because of the steep rise in petrol and diesel prices in the international market along with depreciation in exchange rate of rupee-dollar. After reaching $43 per barrel last month, crude oil price increased to $55.19 on February 12.




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