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Major News and Events of 17 April 2015

What Happened on 17 April 2015

TCS announces One-Time Bonus of Rs. 2,628 crore for its Employees

IT company Tata Consultancy Services's move to pay one-time bonus to all eligible employees, on the occasion of completing 10 years of its first ever IPO listing will cost the company Rs. 2,628 crore and hit its bottomline during Q4 of 2014-15. As Per IFRS standards, net profit of TCS during Q4 2014-15 was Rs. 3,858 crore, a fall of 29 per cent. In fact, the announced Q4 result also made the TCS stock bleed in the stock market. At 3pm IST, Tata Consultancy Services Limited stock was trading at 2478.60, a fall of 104.20 points (which is a fall of more than 4 per cent).

Cameco to Start Supply of Uranium to India from Second Half of 2015

Cameco, the Canadian company that signed an agreement with India for supplying uranium, is all set to deliver uranium to India from second half of 2015. Tim S Gitzel, President and CEO of Cameco, said that they will deliver uranium as per schedule and as agreed in the agreement signed by Cameco and India’s Department of Atomic Energy during Indian PM’s Canada visit. Reports say that according to the contract, Cameco is going to supply uranium over the coming five years that will cost India 350 million Canadian dollars. Tim S Gitzel also told media that Canadian apprehensions on India’s usage of uranium have become “history”.  

Digvijay Singh hints at Significant Changes in Congress

Senior Congress leader and former CM of Madhya Pradesh Digvijaya Singh said that with the return of Vice President Rahul Gandhi, Indian National Congress is going to witness some major changes in the party’s organisation. It is also learnt that Rahul along with other important members of the party including Jairam Ramesh and Digvijay Singh is all set to meet farmers tomorrow as the Congress prepares for showdown with the Union Government on contentious Land Acquisition Amendment Bill by launching Kisan Rally on 19 April. During AICC meeting today, senior leaders took stock of Kisan Rally’s preparation.

Jaitley Vouches for GST in Washington and Expects it to Increase GDP by 1-2 Per Cent

Union Finance Minister Arun Jaitley, while addressing an audience on taxation issues at Peterson Institute for International Economics in Washington, said that implementation of Goods and Services Tax from 1 April 2016 will help increase GDP growth by 1 to 2 per cent. He also said that GST will come into place after some constitutional amendments are made in the next parliamentary session. Jaitley said that this taxation initiative will transform India into one big uniform market, thereby benefiting all stakeholders. While addressing the concerns aired by US corporates, Finance Minister said that his government is trying to rationalise taxation system and make tax department assessor friendly.

Rahul Gandhi to take Stock of Kisan Rally Preparation at AICC Meeting

All India Congress Committee met today, a day after Rahul Gandhi, Vice President of INC, returned yesterday from Bangkok ending a 57-day sabbatical. Sources say that during the AICC meet, leadership will review preparations for the Kisan rally that the party is going to organise on 19 April against the Land Acquisition Amendment Bill, a day before the Lok Sabha reconvenes on 20 April. Rajya Sabha, where government is in the minority and is still unsuccessful in passing the contentious bill, reconvenes on April 23. Rejuvenated Rahul is all set to lead the rally and spread the issue to villages and small towns to regain Congress’s lost ground.    

Separatist Leader Arrested under Unlawful Activities Prevention Act by J&K Police

Hurriyat hardliner and separatist leader Masarat Alam, who was released by the new J&K government from jail a month back, has been rearrested under Unlawful Activities Prevention Act on the charges of waving Pakistani flags and at the same time raising pro-Pakistani slogans while welcoming Hurriyat leader Syed Ali Shah Geelani in Srinagar on 15 April. Reports say that the delayed action comes after pressure from Union government followed by threat issued by BJP to skip the next Assembly Cabinet meeting if Masarat Alam is not rearrested. Waheed Para, spokesperson of PDP, said that the arrest of Masarat Alam was done not under any pressure and called it a procedural police decision.

US President calls Indian PM Narendra Modi 'India's Reformer-in-Chief'

In the recently published TIME magazine, which included Indian Prime Minister Narendra Modi as one of the top 100 influential persons of the world, US President Barack Obama has written a profile about the Indian PM where the title reads 'India's reformer-in-chief'. Obama has reflected on India’s potential and dynamism by highlighting the phenomenal rise of Modi from poverty to becoming a leader of the nation. The US President emphasized on Modi’s ambitious vision of reducing extreme poverty, unleashing true economic potential of India, improving education, and empowering women/girls while facing the challenges of climate change. Obama also highlighted the amazing blend of Modi’s penchant for ancient Yoga with modernization such as imagining about ‘digital India’ and overwhelming presence on Twitter.

TIME Magazine Lauds India and China's "Forceful" Leaders

TIME magazine has opined that the emerging economic giants India and China are governed by strong and forceful leaders who want to leave their mark in history. The renowned global magazine has specifically mentioned that Indian Prime Minister Narendra Modi’s style of leading from the front is helping India come out of the decade-long “increasingly listless rule” by his predecessor Manmohan Singh, media reports stated. TIME lauded PM Narendra Modi’s Madison Square Garden event where he delivered speech in front of a packed audience, not an easy task for any foreign leader. Both Indian PM Narendra Modi and Chinese President Xi Jinping figured in the TIME 100 list.

MP HC stays Arrest Order Against Governor Ram Naresh Yadav

Madhya Pradesh High Court, today, gave a stay order on arresting Governor Ram Naresh Yadav, who sought quashing of FIR filed by Special Task Force, which has alleged his involvement in Vyapam forest guard recruitment exam scam. SIT allege 11 middlemen, 88 candidates, and Ram Naresh Yadav were involved in Vyapam conducted government jobs selection process. Yadav had allegedly written a recommendation letter in favour of two youths hailing from Uttar Pradesh. After filing of the FIR, Ram Naresh moved court against the arrest order as Article 361(2) and Article (3) gives Governors impunity while in office. It is learnt that the investigation against him will go on.

India Reviving Historic 'Cotton Route'

In an attempt to counter China’s maritime initiatives of connecting its coastal states with South Asian countries, India has proposed to revive ancient Indian Ocean pathways called ‘Cotton Route’ used for exporting Indian fabric to east as well as west. Official sources indicate that this new initiative, at an early stage of formulation, started rolling when Prime Minister Narendra Modi made a three-nation tour of Seychelles, Mauritius and Sri Lanka in the recent past. Experts have pointed out the equal historic and strategic importance of Cotton Route as compared to the ancient Silk Road. Revival of Cotton Route is expected to enhance economic and strategic partnership of India with Indian Oceanic countries.       

SAI to Send More than 100 Athletes to Rio Olympics 2016; Expects 10-15 Medals

Injeti Srinivas, Director General of Sports Authority of India, told the media that their own assessment is that more than a hundred athletes will qualify for 2016 Rio Olympics. While talking about the internal assessment of SAI, Srinivas went on to say that they are expecting anything from 10 to 15 medals in the grand tournament, to be held next year. SAI DG also stressed on the fact that anything below ten medals is absolutely unacceptable. Sources say that the disciplines from where Sports Authority of India is expecting to get medals include tennis, archery, wrestling, badminton, boxing, and shooting.

CERN Felicitates Gyalwang Drukpa for his Contribution to Science and Spiritualism

CERN, the European Organization for Nuclear Research at Geneva, has felicitated leader of the Drukpa-order of Buddhism, his Holiness the Gyalwang Drukpa, during the event "Science Meets Buddhism: Great Minds, Great Matters" for his contribution to both science and spirituality. During the event, Gyalwang Drukpa said that there are some common grounds between modern scientific principles and Buddhist philosophy and both the disciplines try to understand perceptions of reality as well as understanding of natural world in a deeper manner. Gyalwang Drukpa recently walked 800kms (from Varanasi to Lumbini) in support of PM Narendra Modi’s Clean India Movement.

FAQs and Answers on Indian History and Geography
Which state in India has its own constitution? Jammu and Kashmir is the only Indian state which has its own constitution. The constitution of Jammu and Kashmir, which was adopted on 17 November 1956 and came into effect on 26 January… Read More...
Which state in India is the largest producer of milk?India, which is well-known for its dairy products, is the largest producer of milk, second only to United States (in terms of cow milk). The country produces nearly 50 to 60 million tonnes of milk every year and currently contributes around 9.5 percent of the global… Read More...
Which Indian state has the maximum number of major ports? Nearly 7,500 km long Indian coastline makes the country one of the largest peninsulas in the world. There are nine coastal Indian states like Gujarat, Maharashtra, Goa, Karnataka, Kerala, Tamil Nadu,… Read More...

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