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Major News and Events of 25 December 2014

What Happened on 25 December 2014


New Process in the Offing for PSU Stake Sale

Government has chalked out a new process of selling its shares in the Public Sector Units, according to which yearly stake-sale roadmap will not done away with. Instead a faster approach of rolling disinvestment list will be adopted. Analysts believe this will not give enough time to bears in the market to bring stock price of the PSUs, which are up on disinvestment list, down. In addition, stake sales will be done throughout the year instead of the current process of selling at second half of a year. The new process will come into effect from early FY16.  

PM assures Providing Accountable and Transparent Administration on Good Governance Day

Prime Minister Narendra Modi has said that his government committed to provide an administration that is accountable, effective, and transparent. On a day when Union government is celebrating Good Governance Day, celebrating 90th birthday of ex-PM Atal Bihari Vajpayee, Modi asked his ministers to provide better administration to people. NaMo in a tweet said that declaration of Vajpayee’s birthday as Good Governance Day is the greatest tribute they could have given.

Report Suggest BJP and NC Leaders Working on Alliance

Multiple reports point out that Omar Abdullah of NC has already met National President of BJP, fomenting the idea of possible alliance between the two parties. Unconfirmed reports point out that discussion has also taken place between Omar and Arun Jaitley, who is entrusted with the work of doing the needful for forming the next government in J&K. While some BJP leaders refuted such reports, Omar refused to comment. Analysts are not ruling out possible tie-up between the two largest parties – PDP and BJP – with rotational Chief Ministers.

Death Toll Rises to 78 in Assam Massacre

Assam massacre by National Democratic Front of Bodoland (Songbijit) has left a deep scar in the face of North East as death toll kept increasing, reported to be 78 till now. Rajnath Singh, Union Home Minister, has asked helped from Bhutan to nail the banned terror organisation – NDFB(S). Intel reports suggest that the terror group has setup multiple bases along Indo-Bhutan border. Singh has assured investigation of the violence by National Investigation Agency. Reports indicate that inspite of getting intel input on NDFB’s attack plan, forces didn’t get enough time to reach remote villages of Arunachal Pradesh-Assam border.  

Snapdeal-India Post Endeavour helps Varanasi Weavers to get More Market Access

Snapdeal has forged an alliance with India Post to help artisans and weavers of Varanasi to get more market access, previously unexplored. Per the plan, facilitation desks will be opened in post offices of Varanasi where India Post and Snapdeal will work jointly. Kunal Bahl, co-sponsor and CEO of Snapdeal, has said that this effort will empower local weavers and entrepreneurs (medium as well as small) to get enhanced market access to sell their indigenous products.

Dhoni Rejects Media Speculation of Dhawan-Kohli Spat in Brisbane Dressing Room

As tiff between Indian cricketers Shikhar Dhawan and Virat Kohli crept outside the dressing room, Indian Cricket skipper Mahendra Singh Dhoni went on a damage control by mocking the incident. Dhoni has reportedly laughed off the media report and mocked the incident by saying that Kohli used a dagger to stab Dhawan. Indian skipper also said that these kinds of tales are only suitable for movies. Former Indian skipper Sourav Ganguli has said that these kinds on incidents will not affect Team India because these kinds of tiffs are no big issues.  




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