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Major News and Events of 19 February 2015

What Happened on 19 February 2015


PM Modi Approves Warship Manufacturing Project Worth INR 50,000 cr

Defence sources revealed that Narendra Modi government has cleared defence proposal of manufacturing advanced warships to the tune of $8 billion, equivalent to Rs. 50,000 crore in a bid to catch up with the military might of China. The decision comes just months after the defence ministry ordered new advanced submarines to close on the naval might of Chinese defence. To boost ‘Make in India’ campaign, government has decided to implement Project-17A’s frigate manufacturing programme, which will take place in the shipyards of Kolkata and Mumbai. Sources revealed that cabinet approval of Project 17-A was pending since 2012.

HDFC Chief Expects Government to Work Towards Improving Ease of Doing Business

Deepak Parekh, the Chairman of HDFC, has said that nothing has changed on the ground in the last nine months of the new government led by Narendra Modi. Parekh categorically mentioned that the progress is only marginal in terms of ‘ease of doing business’ in India. While pitching for removing ‘administrative controls’ Deepak Parekh said that optimistic outlook of the business community towards the Narendra modi government persists but that positive outlook has not yet converted into surge in revenues.  

Union Budget 2015-16: Potpourri

With the date of Union Budget 2015-16 approaching, a recently published report claimed that post-budget interviews of both Union Finance Minister Arun Jaitley and Union Railway Minister Suresh Prabhu will be streamed live on YouTube. External Affairs Minister Sushma Swaraj, while addressing an audience of Indian diaspora in Omanese capital told that her government is going to undertake more reform measures, starting from the upcoming budget session. Sources revealed that the Indian government has decided to continue with its $18.64-billion food welfare programme inspite of a panel recommending slashing of beneficiary number from 67 to 40 per cent.

AAP and TMC Criticise Auction of Modi's Monogrammed Bandhgala Suit

As Narendra Modi’s monogrammed bandhgala suit attracted the maximum bid of Rs. 1.21 crore on the very first day of the three-day auction, arch rivals Trinamool Congress (facing stiff competition from BJP in West Bengal) and Aam Aadmi Party have referred this auction as nothing but damage control exercise on PR gone wrong. Ashutosh, reporter-turned-politician and senior AAP leader, has called the event marketing blitzkrieg. Derek O'Brien of TMC told media that the auctioning of suit and spending the money in cleaning of Ganga river is nothing but Damage Control Public Relations or DCPR.     

Bihar's Constitutional Crisis may Come to an End Tomorrow

As current Bihar CM Jitan Ram Manjhi is all set to face trust vote tomorrow, all important parties including him and JD(U)’s Nitish Kumar held talks with local MLAs  for securing support. Bihar BJP, after a closed door meeting, told media that all its MLAs have unanimously agreed to support Jitan Ram Manjhi tomorrow because they feel JD(U)’s Nitish Kumar has disrespected Mahadalit community by taking action against Jitan Ram Manjhi. In addition to support of 87 MLAs, Manjhi now needs support of 30 more MLAs to win the trust vote by reaching 117.

 

Union Government Didn't Find any Illegal Foreign Fund Transfer in Favour of AAP

The Union Government has told the Delhi High Court that the Intelligence Bureau has not found any illegal foreign fund transfer against the Aam Aadmi Party. It was earlier alleged that Aam Aadmi Party had illegally received foreign funds. Advocate appearing on behalf of AAP, Pranav Sachdeva, reasoned before the HC that Aam Aadmi Party received funds to the tune of Rs. 8.5 crore from NRIs and by accepting them, the party has not violated any law. Delhi High Court has asked Union Government to file a fresh status report on the findings and submit before the court in sealed cover.  

Indian-American Becomes America's Special Envoy and Coordinator for Strategic Counterterrorism Communications

The US state department told media that 37-year old Rashad Hussain, an Indian-American, has been given the task of engaging and establishing partnership with different countries across the globe by appointing him as Special Envoy and Coordinator for Strategic Counterterrorism Communications. It is learnt that Hussain is currently America’s Special Envoy to Organisation for Islamic Countries. His father hailed from Bihar and was a Hafiz, a person who memorised Quran. Rashad Hussain has done his master’s in Arabic and Islamic Studies from Harvard University and Public Administration from Kennedy School of Government.

Coast Guard DIG's Statement Leaves India in Foot in Mouth Situation; Parrikar Stands by his Earlier Comment

After BK Loshali, Coast Guard DIG of India, was reportedly found to be bragging about ordering to blow-up Pakistan’s intruding boat in December 2014, Pakistan went on the offensive and condemned the act by referring it as ‘heinous’. Though the Government of India ordered a probe in the matter, Defence Minister Manohar Parrikar briefed media by saying that he stands by his earlier ‘terror link’ statement on the blown up Pakistani boat. He however refused to issue any clarification on the statements made by BK Loshali.

Indian Student Invents Eco-Friendly Scooter

S.A. Engineering College’s student Sharath Rajan has invented a scooter that doesn't need fossil fuels for operation. Reports say that the new scooter uses solar energy for operation. Sharath Rajan told the media that his scooter comes with solar panels that traps solar energy to run the scooter. He went on to say that the new invented scooter is capable of reducing pollution created by fossil fuels. Solar panel, fitted on top of the scooter, requires three-four hours to charge. Reports say that this scooter is capable to run at a maximum speed of 45 kms per hour.

India to Take on the Mighty Proteas Coming Sunday

The Indian cricket team is all set to take on the mighty South Africans coming Sunday in Melbourne. Dr. Baba, team media manager, told that Bhuvneshwar Kumar and R. Ashwin are fit to play against the Proteas. Sources reveal that South African cricket team has brought in former successful Indian coach Gary Kirsten to know about Indian cricket so that the Proteas can secure a smooth win over India. It is learnt that the travelling Indian journos are not happy with the Indian team as the players are reportedly not interacting with the media.

Realty Index Outshines Benchmark Sensex; Indian Bourses to Remain Open on Budget Day

S&P BSE realty index outshines benchmark index as real estate companies report good performance in terms of earning in third quarter of 2014-15. Yesterday’s intraday trading data shows that of S&P BSE realty index increased by 1.5 per cent. In comparison, Sensex increased by just one per cent. Only real estate company that bled in the market was DLF, whose consolidated net profit declined by 9 per cent. Available reports point out that SEBI is all set to keep Indian bourses open on February 28, the day Budget is scheduled to be placed.

TCS Partners Startupbootcamp FinTech for Hosting Pitch Days in India

Tata Consultancy Services has announced that they have entered into a partnership with Startupbootcamp FinTech that is hosting Pitch days in India. Pitch days will visit Mumbai campus of TCS on Tuesday and the Bengaluru campus on coming Thursday. Financial technology sector startups, which are in their early stage, can participate in the events. Ten startups from the total participants will be chosen and then sent to either Singapore or London for participating in Startupbootcamp FinTech accelerator programme, spanning over 13 weeks. CTO of TCS, K Ananth Krishnan, has said that they are working with the startup companies across the globe as a part of their Co-Innovation Network.




FAQs and Answers on Indian History and Geography
Which State is biggest Jute producer? West Bengal is the largest producer of jute in India. India is the largest producer of jute in the world. Approximately 60 percent of the total world produce of jute is cultivated in India… Read More...
Which State is the Largest Tea producer? Assam is the largest producer of tea in India. India is one of the largest producers of tea in the world, second only to China. India recorded a total production of 1233.14 million… Read More...
Which State is the Largest Mica Producer? Andhra Pradesh is the largest producer of mica in India. For over hundred years, India had enjoyed monopoly in production and export of sheet mica in the world. Of late,… Read More...