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Major News and Events of 29 September 2015

What Happened on 29 September 2015


India in quarters of Asian basketball meet despite losing

The Indian men's basketball team has qualified for the quarter-finals of the 2015 Asia Championship for the first time since 2003 -- despite losing 65-99 to Philippines. India progressed to the knockout stage, despite the loss, on the basis of a superior head-to-head matchup against Palestine. Both the teams ended their Group E commitments with a 2-3 win-loss record, but India defeated Palestine in their group encounter on Sunday to clinch the knockout spot. Source: IANS

Exclusive portal for pensioners soon

The central government is all set to launch an exclusive portal for pensioners to address their grievances and provide information and guidance to them. The web-based portal, to be called 'Pensioner's Portal', would be launched by the Department of Pension and Pensioners' Welfare under the Ministry of Personnel, Public Grievances and Pensions, a government statement said. The project would be implemented under the National e-Governance Plan. Source: IANS

RBI lowers GDP growth rate estimate for fiscal to 7.4 percent

The Reserve Bank of India has scaled down its earlier estimate of the country's GDP growth for the current fiscal to 7.4 percent citing lack of new private investment, banks' stressed assets and waning business confidence in context of slow global growth. "With global growth and trade slower than initial expectations, a continuing lack of appetite for new investment in the private sector, the constraint imposed by stressed assets on bank lending and waning business confidence, output growth projected for 2015-16 is marked down slightly to 7.4 percent from 7.6 percent earlier," the RBI said in its bi-monthly monetary policy statement. Source: IANS

Attempts made to introduce Maoism in Gujarat: Anandiben

Gujarat Chief Minister Anandiben Patel has said that despite attempts to introduce Maoism in Gujarat, left-inspired violence had not covered much ground because of "pro-active steps for all-round development of tribals in our state". "The spread of influence of extremist elements is a matter of common concern. Gujarat has remained unaffected despite attempts to introduce Maoism in the state," Patel said in her speech at a Western Zonal Council meeting in Panaji. Source:IANS

Poll promise fulfilled with lending rate cut: BJP

The BJP  welcomed the RBI's reduction of its short-term lending rate and claimed its government had fulfilled one of the promises made during the 2014 Lok Sabha polls. "The BJP welcomes the reduction in short-term lending rate by the Reserve Bank of India governor (Raghuram Rajan) by 50 basis points. This is the fourth reduction in interest rate in a year. The monetary policy accommodation is a reflection of a growing, robust economy under Prime Minister Narendra Modi and Finance Minister Arun Jaitley," Bharatiya Janata Party national secretary Sidharth Nath Singh said in a statement. Source: IANS

A.R. Rahman creates signature tune for 17th Mumbai film fest

Oscar-winning composer and music maestro A.R. Rahman has lent his support for the 17th Jio MAMI Mumbai Film Festival by composing a bespoke signature tune for the festival.This is the first time that the film festival has a signature tune. “The 17th Jio MAMI Mumbai Film Festival is about creating, celebrating and nurturing cinema. I am very pleased to support the festival. I hope the people of Mumbai and India come and partake in this incredible movie feast,” Rahman said in a statement. Source: IANS

Facebook clarifies on 'Internet.org' profile picture issue

Social networking giant Facebook has defended itself on the 'Internet.org' profile picture imbroglio and said that the issue on the site was a mistake by an engineer which had nothing to do with Internet.org's publicity plans in the country. "There is absolutely no connection between updating your profile picture for 'Digital India' and Internet.org. An engineer by mistake used the words 'Internet.org profile picture' as a shorthand name he chose for part of the code," a Facebook spokesperson said. Source: IANS

India to get $123.51 mn ADB loan for tourism development

The Indian government on Monday signed an agreement for a $123.51 million loan from the Asian Development Bank (ADB) for tranche three of the Infrastructure Development Investment Programme for Tourism to upgrade tourism infrastructure and services in Punjab, Uttarakhand and Himachal Pradesh. The loan will be used for development and conservation of places of tourist attractions. It will also be used to improve basic tourism facilities, and to build the capacity of sector agencies and local communities in the three states. Source: IANS

Indian equity indices tank ahead of monetary policy update

Ahead of the monetary policy update for this fiscal, wherein expectations are high over an interest rate cut, key Indian equity indices opened sharply lower as sentiments continued to be ruled by the weak global cues, notably in other Asian markets. The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 25,496.38 points against the previous day's close at 25,616.84 points. Minutes thereafter, it was quoting at 25,357.09 points, with a loss of 259.75 points, or 1.01 percent. Source: IANS

BEL setting up defence systems integration unit in Andhra

State-run Bharat Electronics Ltd (BEL) is setting up a Rs.500-crore defence systems integration complex in Ananthapur district of Andhra Pradesh. Touted to be the largest of its kind facility in the country, the 900-acre complex at Palasamudram in the Rayalaseema region of the neighbouring state will help BEL to explore emerging business opportunities in the defence sector. It is about 120 km from here across the state border. Source: IANS




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