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Major News and Events of 30 August 2015

What Happened on 30 August 2015


Sun Pharma Founder vouches for the need of Strengthening R&D in Indian Pharma Industry

While addressing an audience in Dr Reddy's Institute of Life Sciences organised DRILS Synergy 2015, Dilip Shanghvi (MD and Founder of Sun Pharmaceutical Industries Limited) stressed upon the need of Indian pharmaceutical industries to improve their research and development capabilities along with strengthen clinical development. He also exuded confidence in Indian Pharma companies on the existing potential of discovering couple of new drugs in the coming 10 years. However, Shanghvi also complained about the lack of required expertise in India, especially in the fields of biology and clinical development, that made Sun Pharma set up laboratories in foreign countries.

RBI Governor Raghuram Rajan hints at yet another Rate Cut Ahead

RBI Governor Raghuram Rajan has raised hopes of India Inc as he hinted on another round of rate cut this year by saying India’s apex bank is still under “accommodative mode”. However, he also added that the final decision of any rate cut will be undertaken only after inflation data and other macroeconomic economic factors. While speaking at Jackson Hole economic symposium of the Kansas City Federal Reserve, Rajan said that government of India and RBI have reached a consensus of setting up Monetary Policy Committee, a highly empowered panel for setting rates. However, he also cautioned US Federal Reserves against increasing rates right now because of the slowing global growth rate.

Jaisha Orchatteri breaks Indian National Record at 2015 World Athletics Championships

Indian woman marathoner Jaisha Orchatteri today broke Indian national record in this year’s World Athletics Championships, held at Beijing National Stadium, by finishing the marathon in 2:34:43 time. While Jaisha finished 18th, Sudha Singh finished at 19th spot by clocking 2:35:35 (better than earlier national record of 2:37:29, set by Jaisha during Mumbai marathon earlier this year). Both Jaisha Orchatteri and Sudha Singh secured their respective berths in 2016 Rio Olympics after these commendable performances. In this women's marathon competition, the first three positions are secured by Ethiopa’s Mare Dibaba (2:27:35),Kenya's Helah Kiprop (2:27:36), and Bahrain’s Eunice Kirwa (2:27:39).

Jaitley reiterates Government's Commitment towards OROP, Hints at reaching an Understanding with War Veterans

Union Finance Minister Arun Jaitley has said that his government is committed to implement One Rank One Pension (OROP) and also hinted at reaching an understanding with ex-servicemen. He went on to add that the only issue to be resolved is “arithmetical translation of the phrase OROP”. Jaitley said that implementation of OROP should be based upon certain principles and the gap of disagreement is getting narrowed down. The response comes after Chairman of the Indian Ex-Servicemen Movement (IESM), Major General (Retired) Satbir Singh, said that responsibility of any untoward health issues of the hospitalized protesting army veterans Colonel Pushpendra Singh and Havaldar Major Abhilekh Singh rests with the government.

PM Modi Shares his 11th "Mann Ki Baat" Today with the Nation

Prime Minister Narendra Modi today addressed the nation through 11th edition of “Mann Ki Baat”. Today he highlighted on the need of amendments in the existing land bill, importance of listening to the woes of farmers, success of Jan Dhan Yojana, and unwanted recent violence in Gujarat. PM Modi congratulated the officials for making Jan Dhan Yojana a success (opening 17.74 lakh bank accounts with accumulated deposits of Rs. 22,000 crore). He also stressed upon carrying forward the cleanliness drive. Modi said he agreed not to issue land ordinance once again, after it lapses tomorrow but stressed on including 13 points for reforming land acquisition law to benefit farmers. However, he also highlighted the need of amendments in the land bill to accelerate construction of rural roads, electrification of villages, and canal construction for irrigation.

Mega Swabhiman Rally by JD(U), RJD, Congress, and SP in Patna Today

The ‘secular’ front in Bihar has taken on BJP-led NDA head on by organizing their first “mahagathbandhan” rally in Patna’s Gandhi Maidan today before the upcoming Bihar assembly election. This mega “Swabhiman rally” has been organized after JD(U), RJD, SP, and Congress came to an understanding on seat sharing. Bihar Chief Minister Nitish Kumar challenged PM Modi’s claims and attacked the latter on his DNA remark, promises made before Lok Sabha election, Bihar package, etc. While Congress President Sonia Gandhi made scathed attack on Modi government for curtailing monetary allocation of social security schemes including MGNREGA, RJD President Lalu Prasad Yadav forecasted a humiliating defeat of BJP that will be worse than that in last Delhi Assembly election. Senior BJP leader Ravi Shankar Prasad called the ‘secular’ alliance nothing but opportunist, corrupted, family-oriented, and criminal-oriented politics.




FAQs and Answers on Indian History and Geography
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