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Major News and Events of 25 July 2015

What Happened on 25 July 2015


Union Government Constitutes Sports advisory Body for Development and Promotion of Sports in India

Union Government yesterday constituted a sports advisory body – All India Council of Sports (AICS) – for deliberating on sports development and promotion in India. In a release, sports ministry has said that the advices rendered by AICS will be considered seriously by the ministry but the advices are no way obligatory or binding on the union government. To promote sports in India, All India Council of Sports may organise symposia, seminars, and conferences of national or international stature. President and council members of the body will be appointed by the government. AICS will be headed by the president, having Minister of State rank.    

Indo-European Union Workshop on Marine Ecosystem and Climate to be held Next Week

India is going to organise a workshop on marine ecosystem and climate in association with European Union next week for exploring collaboration possibilities and popularising scientific works. This two-day event is being organised jointly by Nansen Environmental Research Centre (NERCI) and Kerala University of Fisheries and Ocean Studies (KUFOS). Reports say that the meet will be inaugurated by K Babu, Kerala Fisheries Minister. Vice Chancellor of KUFOS, B Madhusoodana Kurup, said that experts (environmentalists, oceanographers, maritime industrialists, and naval exponents from both India and European Union Members States) will discuss climatic, environmental, academic, and scientific aspects of oceans during the workshop.   

Army Chief General Dalbir Singh pays Tribute to Kargil Martyrs

Army chief General Dalbir Singh today paid tribute to the martyrs of Kargil War at Jammu and Kashmir’s Dras sector War Memorial. Operation Vijay, which cleared Kargil sector from Pakistani infiltrators, witnessed death of 527 Indian Army officers and soldiers. The Army chief said that after Kargil experience India has beefed up deployments as well as capabilities in the vulnerable frontiers along LoC over the years, since 1999. He went on to claim that they will not allow occurrence of another Kargil. As part of Vijay Diwas celebrations, Dalbir Singh is scheduled to lay wreath at India Gate’s Amar Jawan Jyoti tomorrow.

Teesta Setalvad Faced Set Back in Special CBI Court followed by Relief in High Court

Renowned social activist Teesta Setalvad and Javed Anand, her husband, got a breather yesterday when Bombay High Court granted them two weeks interim bail. The decision came within hours after a special CBI court rejected their anticipatory bail plea. After CBI court’s bail plea rejection, Setalvad shot back by saying she was “shocked and aggrieved by the judgement”. She also accused central power for trying to intimidate her and possibly eliminate her. Bombay HC asked Teesta Setalvad and Javed Anand to be questioned on 27 July, 30 July, 3 August, and 6 August. However, HC reprimanded Teesta for making open statement on CBI court’s verdict.

PM Narendra Modi inaugurates Developmental Projects in Patna with Bihar CM on Dais

Before launching BJP’s campaign in Bihar Assembly election through a mega rally in Muzaffarpur, Prime Minister Narendra Modi launched important development projects in Patna today with Bihar CM Nitish Kumar sharing the dais. While PM Modi launched Patna-Mumbai AC express and flagged off Daniyawa-Biharsharif railway line, he also launched power sector reforms in Patna - Deen Dayal Upadhyaya Gram Jyoti Yojana. He acknowledged that “Rs. 50,000 crore is not enough for Bihar's development”. Modi also said during 2015-20, Bihar will be allocated with Rs. 3.75 lakh crore funds. PM Modi agreed with Bihar CM Nitish Kumar’s statement that politics stalled Bihar’s development.

After Market rattles on Concerns of RBI's Loss of Independence, CEA says Revised IFC Draft not Government View

Revised Indian Financial Code draft by a government panel that recommended no veto power by RBI Governor on decision taken by Monetary Policy Committee on interest rate raised both domestic and international concerns on loss of apex bank’s independence on interest rate determination. This concern led to rattling of the market yesterday. RBI Governor Raghuram Rajan called the report "schizophrenic" and went on to say that its implementation will convert RBI into a “paper tiger. After widespread criticism of the report, Chief Economic Adviser Arvind Subramanian briefed media that the second IFC draft is a “report of FSLRC” and doesn’t reflect government’s views.




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