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Major News and Events of 16 March 2015

What Happened on 16 March 2015


Indian Bourses Remain Cautious Before US Federal Reserve Meeting

Indian bourses opened marginally higher (NSE Nifty opened at 8,656.75 over previous close of 8,647.75; BSE Sensex opened at 28442.84 over previous close of 28,503.30) but could not sustain the gains for long, as the investors are believed to remain cautious before the crucial 2-day meeting of US Federal Reserve, starting tomorrow. At 11.03am IST, Nifty was down by 9.60 points (trading at 8638.15 points) and BSE Sensex down by 29.27 points (trading at 28474.03 points). Many technical analysts believe that correction may be witnessed today and coming few days at Nifty until strong resistances at 8,550 and 8,500 points.       

IMF Chief says India is Better Equipped than Other Emerging Economies in Coping with External Shocks

Christine Lagarde, head of International Monetary Fund, has said that Indian economy is in a better position than other emerging economies when it comes to coping with external financial shocks. She also said that boosting of international reserve stock and stabilising current account deficit conditions are two important aspects of India’s strengthening economy. The statement comes just a day ahead of the crucial two-day U.S. Federal Reserve meeting, scheduled to start tomorrow. Analysts believe that US Fed is all set to increase its excessively low interest rate after the meet, which may trigger moderate flight of foreign capital from India.

Jaitley Vouches for Easing Business Process in India and 7.5 Percent GDP Growth Rate

While addressing an audience of international investors in London, Union Finance Minister Arun Jaitley said that India is determined to woo foreign investments and that’s why Narendra Modi government is all set to simplify business process in the country. During the speech at the event 'Investment Opportunities in India', Jaitley said that his government is determined of introducing non-adversarial and fair system of taxation and thereby rationalise taxes. While inaugurating UK subsidiary of Union Bank of India, Finance Minister of India said that India’s growth rate of GDP is going to be 7.5 per cent this year and higher in the coming year.

Snooping Charge Rocks Parliament Today

Indian National Congress today took up the issue of snooping on Rahul Gandhi, which they termed “Snoopgate 2”, in the parliament and asked for clarification from Union government. Ghulam Nabi Azad of INC questioned possible motive of police in knowing shoe size of Rahul Gandhi. He also asked whether BJP-led NDA government is spying on political opponents. In Rajya Sabha, Arun Jaitley defended the government by saying that the Congress government, led by Rajiv Gandhi, itself back in 1987, started the ongoing profiling of politicians. INC also questioned the motive of police when Special Protection Group protects Rahul Gandhi.

Kidambi Srikanth wins $120,000 Swiss Open Grand Prix Gold Men's Singles Title

Kidambi Srikanth, ace shuttler of India, has won $120,000 Swiss Open Grand Prix Gold championship by defeating defending champion of the title from Denmark Viktor Axelsen by 21-15, 12-21, 21-14. It took the top seeded Srikanth 47 minutes to clinch the title. Though his performance was not up to the mark in the just concluded All England Open, it is the 3rd international title win in the last twenty one months for the 22-year-old Indian badminton player. After winning Swiss Open Grand Prix Gold, Srikanth expressed delight and said that he wants to win many more titles in the future.

President of India stresses on Importance of Ayurvedic Treatment and Medicinal Practices

While speaking at 58th plenary of All India Ayurvedic Congress (organised at Punjab University) after inaugurating the event, President of India Pranab Mukherjee stressed upon the need of a completely separate ministry for Ayurveda, Yunani, Siddha and Homeopathy or AYUSH. He went on to say that this will help in promotion and development of different ancient Indian systems of medicine including Ayurveda. Mukherjee urged the hospitals to include Ayurvedic treatment facility in whatever manner they can. President, while emphasising efficacy of Ayurveda, said that many people prefer this because of the absence of negative side effects of modern medicinal practices.

Delhi Government Makes Installation of GPS in all Taxis Operating in Delhi-NCR Region Mandatory

All taxi operators, operating in Delhi, have been ordered by the Delhi government to install GPS (Global Positioning System) in their respective vehicles for ensuring safety of women. A senior official said that all taxi operators, whether it is black-and-yellow ones or Radio taxis, will have to comply with this new government decision otherwise they will not get fitness services. This decision will be applicable for more than fifteen thousand taxis that operate in Delhi-NCR region. However, Delhi Taxi Union’s General Secretary Rajendra Soni has threatened the government of hitting the roads if the decision is not withdrawn.   

Delhi Chief Minister Returning to Delhi After Undergoing 10 days Naturopathy Treatment in Bangalore

Arvind Kejriwal, Chief Minister of Delhi, is all set to return today to Delhi after spending days in Bangalore treating his cough and high blood sugar level through Naturopathy. Kejriwal, who was accompanied by his parents, underwent Naturopathy treatment for 10 long days in Bangalore. During his absence high decibel blame game followed by some crucial decisions rocked Aam Aadmi Party and consequently sent wrong signals throughout the country about AAP. Sanjay Singh, senior Aam Aadmi Party leader, told media that the senior party leaders will meet and discuss about all the pending issues with Arvind Kejriwal.

Defence Minister's Mid-April Tour to South Korea

Manohar Parrikar, Defence Minister of India, will make his first official foreign trip abroad after assuming office of Defence ministry, during mid-April. It is learnt that during the two-three days visit to South Korea, Parrikar will urge South Korean defence companies to build manufacturing units in India, especially through joint development, for making ‘Make in India’ initiative a success. Manohar Parrikar will meet National Security Advisor and Defence Minister of South Korea to discuss about indigenisation model of manufacturing, joint defence drills, and personnel exchanges. Two major projects to be discussed are joint manufacturing of aircraft trainers and minesweepers.

Central Crime Branch Unearths Major Cricket Betting Racket in Chhattisgarh's Capital City

Central Crime Branch has unearthed a cricket-betting racket in Chhattisgarh’s Raipur and arrested 6 people, who had allegedly bet millions of rupees during Pakistan-Ireland cricket match. Central Crime Branch carried on the raid in a house located near Tandon Dairy in Raipur, after getting definite inputs from a local informer. Persons named Abrar Khan, Roshan Maltani, Harish Panjwani, Manoj Chawla, and Dilip Chawla were arrested from the betting spot. CCB Inspector told media that besides over Rs. 2.55 crore worth of transaction slips, Rs. 52,600 cash, 4 motorcycles, LED television set, a mobile, and other electronic gadgets were recovered.

Communal Tension in Haryana After Vandals Replace Cross Over Church with Hanuman Idol and Saffron Flag

A group of vandals at Kaimri village of Haryana’s Hisar district have vandalised an under-construction church and replaced the cross with a Hanuman idol, thereby triggering communal tension in the area. Williwarsh church’s Father Subhash Chand has filed FIR against fourteen persons under sections 147, 153A, 295, 380, and 506 of IPC. Father Subhash Chand said that the assailants threatened to kill him after installing a saffron flag (having picture of Rama) and Hanuman idol by replacing cross. Christian Front Haryana has condemned the communal act. Saurabh Singh, DIG of Hisar range, told media that the situation is under control now.

Robbers Rob Convent School in West Bengal Church and Rape 72-year Old Nun

Eight robbers in West Bengal’s Nadia district not only robbed Rs. 8 to 9 lakhs from Convent of Jesus and Mary school and ransacked the church but also gang raped 72-year old head nun. West Bengal Governor KN Tripathi assured strict action against the culprits and CM Mamata Banerjee ordered CID inquiry. Eight people have been detained till now. Archbishop of Calcutta Thomas D'Souza condemned the heinous crime and thanked CM for swift police action. Surya Kanta Mishra, opposition leader of assembly and CPIM State Secretary of West Bengal, visited hospital and inquired about the Nun’s health condition. Suresh Bhaiyyaji Joshi, RSS general secretary, condemned the crime.




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