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Major News and Events of 24 November 2013

What Happened on 24 November 2013


India must work out a solution on WTO's food subsidy - CPM

CPI(M) has shown concern over the issue of WTO’s permitted food subsidy limit norms. CPI(M) said on Sunday that India should not surrender before the unfair pressure of the WTO and western powers. It should continue to look for “fundamental changes” in its rules at the next meet in Bali in December. According to WTO norms, food subsidy up to 10% of the complete farm output can be provided by the developing nation. It is possible that India may accept a four-year "peace clause". According to this, if India will breach the food subsidy cap then it will not receive any penalty for the same. But bureaucrats are saying that India should not give in to this unjust pressure and keeps on working towards its efforts for fundamental changes in the WTO rules. Rules of WTO will put India’s present efforts regarding food at risk. With this, nation’s further measures on food security will also become impossible.  The G-33nations including India are demanding a change in the WTO's Agreement on Agriculture (AoA). The 9th WTO Ministerial Conference will be held in Bali from December 3-6. Commerce Minister Anand Sharma had said yesterday that the government must find out a solution in the Bali meet. This must be done to safeguard the interest of Indian farmers and poor.

Police must be proactive service provider says Pranab Mukherjee

“Transform the police system” so that it comes in sync with the needs of a modern democratic nation. President Pranab Mukherjee said this while addressing the delegates of the annual conference of directors and inspectors general of police from the states and union territories, and heads of central police organizations. All the leaders of security forces and police were called on him at the Rashtrapati Bhavan on Saturday. In a press release issued on Sunday, the President has recommended that police officers must make sure that problems of a common man are listened and addressed. Police officer must work with other stake holders to ensure peace and conducive environment for the growth and prosperity of the nation.  He even expressed his concern that sometimes police is unable to win the confidence of people. He further added that the rule of law must be enforced with strictness for proper law and order. It is the main point on which modern state relies. All the leaders in police must display good leadership qualities through their action and values. Along with this, external as well as internal communication must develop further for emergency situations. Communication with general public as well as internal communication must be improved. President showed his concern over increased crime rate due to urbanization. He said that this crime is adversely affecting all the sections of the society, but women and children are the worst sufferers. President said that the police must be very effective in urban areas to deal with such crimes. He said that police must take firm actions. Police must be a proactive service provider.

Regional market might be tapped by IndiGo

IndiGo which is the largest airline by market share in India is planning to penetrate tier-II and tier-III markets with smaller aircraft. Rahul Bhatia, the promoter of IndiGo confirmed this major move of changing the focus and use of small aircrafts. Bhatia, group managing director of Inter-Globe Enterprises, the company that owns IndiGo also said that regional aviation market has huge potential. He said that this plan is not for immediate future but will take time and because of this he cannot say whether the market will be targeted by the IndiGo or it will be targeted by a separate subsidiary. Earlier in 2013, Bhatia had also met aviation ministry officials to discuss the matter pertaining to initiate a new airline for the regional market with 18-20 turbo propeller ATR planes. IndiGo uses a single type aircraft because of low maintenance and less training cost.

Pfizer India and Wyeth to merge for uniform brand presence

In order to create a homogenous brand presence across India, Pfizer India declared on Saturday that it is going to merge Indian subsidiary Wyeth Ltd with itself. Short-term dividend of Rs360 a share for Pfizer and Rs145 a share for Wyeth shareholders has also been declared by the board of directors. After the disbursement of dividend, the exchange ratio of merger will be applicable. According to this swap ratio, seven shares of Pfizer India will be given to shareholders. Face value of each share will be Rs10 for every 10 shares held by Wyeth. Aijaz Tobaccowalla, managing director, Pfizer and Wyeth India said that to get all the regulatory approvals for the transaction near about nine months will be taken. Also the merged entity will then have more therapeutic presence and less risked business profile.

First Bharat Ratna in sports should be awarded to Dhyan Chand – Milkha Singh

“Flying Sikh” Milkha Singh said that he is very happy that a sportsperson in India is going to receive the first ever India’s highest civilian award – Bharat Ratna. But he would have been happier if instead of Sachin Tendulkar hockey legend Dhyan Chand was chosen to receive the award. He said that first Bharat Ratna in sports category should be given to Dhyan Chand. Though he is not against Sachin but Dhyan Chand deserved it first. Tendulkar will be the first sportsperson and the youngest to receive Bharat Ratna. This has been announced by the government the last week when Tendulkar retired from all kinds of cricket matches. Milkha Singh added that contribution of Dhyan Chand should not be neglected even 34 years after his death. He was the part of the teams that won Olympic gold in 1928, 1932 and 1936. He further added that sportsperson at such a level like Olympic is a representative of the country and so must be awarded. As per him, winning an Olympic gold medal is a huge accomplishment. Milkha Singh said that he doesn’t expect more than two medals in track and field events in the coming Asiad and the Commonwealth Games next year. Even in the coming four years there is no athlete who is capable of winning the medal at the Olympics, he said.

Shruti Haasan's stalker arrested

Police has arrested a spot boy today in connection with trespassing and stalking at the residence of Shruti Haasan, an actress living in suburban Bandra. The accused Ashok Shankar Trimukhe (45) arrested from Dharavi area was a spot boy in Film City. The accused said that he had gone to the actress residence to ask for a job for his brother but before he could say anything, the actress misunderstood him and banged the door. He further said that he had not come with an objective of frightening the actress. The entire incident occurred at about 9:30 am on Tuesday when Shruti came to open the door of her residence on hearing door bell. In front of him was Ashok Shankar Trimukhe who tried to barge into the apartment. He even put his hand on her shoulder. The actress managed to push him away and then locked the door. She filed the complaint and the accused was booked under IPC sections 354 and 452.




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