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Major News and Events of 19 September 2014

What Happened on 19 September 2014


Pakistan Based Militant Held in UP's Gorakhpur

Rattandeep Singh, Chief of the Bhinderanwale Tiger Force of Khalistan and a Pakistan-based militant, handpicked by ISI, has been arrested from Uttar Pradesh’s Gorakhpur. As per reports, he was conspiring to carry out a series of attacks during the forthcoming festivals. He has been sent to a 10-day police custody by a court in Amritsar.

 

Chinese President invites Modi to visit his hometown

Overwhelmed by the reception received in Gujarat, Narendra Modi's home state, Chinese President invited Narendra Modi in a reciprocal gesture to visit his hometown Xian, where the renowned Chinese globe trotter Hiuen Tsang spent his last few years after returning from India. Xi Jinping also met Sonia Gandhi (Congress President), Manmohan Singh (former Prime Minister), and Sumitra Mahajan (Lok Sabha Speaker).

September 30 becomes US-India Partnership Day

US Senate has designated September 30 as US-India Partnership Day by passing a bipartisan resolution unanimously. Indian PM Narendra Modi is designated to meet the US President at White House on September 29-30. This resolution was introduced by Republican Senator John Cornyn and Democrat Senator Mark Warner.

Richard Verma nominated by Obama as New US Envoy to India

Just before Narendra Modi’s visit to the USA, Barack Obama has nominated Indian-American Richard Vermaas the next Ambassador of US to India. If the US Cabinet approves Obama’s proposal, Verma will become the first Indian-American to become the top US diplomat in New Delhi. He is believed to be close to both former Secretary of State Hillary Clinton and President Barack Obama.

Political Parties Gear up for Maharashtra Assembly Elections

The Nationalist Congress Party (NCP) has described its demand for contesting 144 seats in upcoming Maharashtra Assembly election as justified and also threatened to end the alliance with the Indian National Congress (INC) if this demand is not met. Before the chief of both parties meet, INC has already started preparing the list of candidates for 288 seats, in case the alliance falls apart. Meanwhile, the stalemate between BJP and Shiv Sena continues on the matter of sharing seats.

Sardar Singh is the Flag Bearer of India for Asian Games

28-year-old Indian hockey captain Sardar Singh is the flagbearer of India during Opening Ceremony of the 17th Asian Games. He was also a part of the Asiad torch lighting ceremony that started from Major Dhyan Chand National Stadium. This is the second time Sardar Singh will represent India at the continental Games. In the year 2010, he was included in the FIH All Star Team, solely for his outstanding performance.

Gujarat Technological University Signs MoU with Chinese Universities

The Gujarat Technological University (GTU) has signed an MoU with two Chinese universities for educational partnership as well as student exchange. The two concerned Chinese universities are: Huazhong University of Science and Technology in Wuhan and JiangsuUniversity in Zhenjiang. G P Vadodariya, registrar of GTU, signed the MoU with the Chinese Universities for designing 8-week summer internship programme involving joint research and student/faculty exchange.

Google India to spend Rs 100 crore on Android One Campaign

Google India has decided to spend Rs 100 crore in India for marketing and advertising Android One smartphones. Ogilvy & Mather has already created a catchy advertising tagline 'Apni kismet, apna haath' and is already on air. Unique campaign strategy had been adopted by Google on September 16, where they extended usual show duration from 23-24 minutes to 27 minutes on Zee Television network channels and aired exclusive Android One advertisement after every half an hour for a stretch of 24 hours.

US$ 20 billion of Investment pledged by Chinese President

Visiting Chinese President Xi Jinping has pledged to invest US$ 20 billion in India and give more access to Indian companies in important Chinese markets (fuel, farming, and pharmaceutical industries). China will set up two industrial parks in India. China will also help India to increase high speed trains and redevelop railway stations. An agreement was signed by SBI and ICICI with Export Import Bank of China. Reliance communications signed deals with ZTE Corp and Huawei Technologies Company. Twenty smaller deals worth US$ 500 million were also signed. 

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India Seeks Currency Cover from G20 Nations as US withdraws Stimulus

Vast monetary stimulus given by US Federal Reserve is expected to end. To mitigate the effect of its withdrawal on emerging markets, India has urged G20 nations to create currency swap lines for mitigating the impact. With guidance from IMF, Finance Secretary Arvind Mayaram has asked for collaborative solution from G20 countries. He also regarded the external environment for volatility and uncertainty as worrisome.

The Supreme Court on Gas price Fixation from K-G Basin

The Supreme Court has asked the Narendra Modi government to clear its stand on gas price fixation from Krishna-Godavari (K-G) basin. The apex court has specifically asked the government whether it is adopting the same policy followed by its erstwhile UPA-II government or is deviating from it. The Bench headed by Justice T.S. Thakur is hearing the PILs filed by NGO called Common Cause and CPI MP Gurudas Dasgupta has challenged the decision of doubling of natural gas pricing from $4.2 mmbtu to $8.4 mmbtu and also sought cancellation of RIL contract to explore oil and gas from K-G Basin.

Indra Nooyi of PepsiCo is World's 3rd Most Powerful Woman in Business 2014

India-born PepsiCo CEO Indra Nooyi has been ranked as the 3rd most powerful woman in business by Fortune. The first two positions went to Ginni Rometty (IBM Chairman and CEO) and Mary Barra (General Motors CEO). Indra Nooyi is the only woman to figure in the prestigious list of the Most Powerful Women in Business 2014. Last year, she was at second spot of the list. Her emphasis on R&D has helped PepsiCo to expand its market.




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