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Major News and Events of 30 December 2014

What Happened on 30 December 2014


Jaitley Stresses upon Need of New Tax Regimen and Manufacturing Sector Revival

For reviving manufacturing sector in India, Finance Minister Arun Jaitley vouched for implementing a tax regime that is compatible on a global basis. He also emphasised upon the need of policy rate reduction as he believes this is increasing capital cost, ultimately coming in the way of manufacturing sector revival. Jaitley made these statements while making inaugural speech at a meeting on Make in India.

 

Union Government brings Ordinance to Pass Land Acquisition Bills

Two ordinances have been approved by the Union Government that drew sharp criticism from the opposition parties. These two important ordinances are Land Acquisition Ordinance and National Capital Territory of Delhi Laws (Special Provisions) ordinance. Finance Minister Arun Jaitley told media that the ordinances have now being sent to the President for signing the dotted line. He also said that provisions of compensation remains untouched in the new ordinance.

RBI Rules Eased; Indian Companies can now Loan to Invest Abroad

RBI eased rules for the Indian companies who intend to borrow money and invest in locations abroad. Per Reserve Bank of India’s new rule, the companies requiring loans for investing overseas can do so by putting charge on assets as loan security or stocks in joint ventures abroad. RBI statement clearly states that the loan thus raised cannot be used for investment in India but only core business activities abroad.

Stalemate over Government Formation in J&K Continues; PDP seeks 'Grand Alliance'

PDP patron Mufti Mohammad Sayeed has mooted the idea of forming the next government through ‘grand alliance’. Mufti particularly pointed out that in such a government, representation will be there from all three regions of J&K - Ladakh, Kashmir,and Jammu. While BJP has nodded to the idea, INC has aired their voice against this. Rashid Alvi of Congress has said that a government having BJP as a constituent will be against the Kashmir valley’s sentiment.

Maharashtra Government Curtails Security Cover of Politicians

The new Maharashtra Government has curtailed security cover of many leading politicians of the state and their families. Z-Plus or Z category security cover is withdrawn from political heavyweights in Maharashtra politics including Prithviraj Chavan, Narayan Rane, Praful Patel, R R Patil, Chhagan Bhujbal, and Ajit Pawar. Per the panel decision, these politicians will now get Y or X category security cover, which will free around three hundred police constables. However, former Chief Minister of the state P. Chavan has noted that the Maharashtra Government should not undertake these kinds of decisions with biased attitude.

BJP Workers Arrested for 'Defaming' Mulayam Singh Yadav

4 BJP workers were arrested on the charges of ‘defaming’ Samajwadi chief Mulayam Singh Yadav. The arrests were made in Uttar Pradesh’s Azamgarh when the BJP workers were putting posters that asked to find SP chief and get reward. BJP accuses Mulayam of not visiting his constituency since the day he got elected. A senior police officer reportedly said that the detentions were done for disrespecting an MP who he claims to be attending the parliament on a regular basis.  

27/11 Mastermind back in Pakistan Jail Again

Zakiur Rehman Lakhvi, 27/11 Mumbai attack mastermind is back in Pakistan jail, at the time when he was on the verge of release following a court order. After a court in Pakistan ruled out his detention order, Lakhvi has been sent to jail again on another case. Officials of interior ministry said that details of the new case will be revealed later. Raja Rizwan Abbasi, counsel of Zakiur Rehman Lakhvi has reportedly protested against fresh detention order of his client.

Amazon India beats Flipkart

Survey conducted by CashKaro.com and cashback has found that Amazon.in is the new leader in the best eCommerce website category. It is learnt that the results of People’s Choice Survey were published after surveying 2000 online shoppers across India. Amazon is followed by Flipkart, Snapdeal, Myntra, Jabong, and Shopclues.

Delhi amends Radio Taxi Scheme, 2006

Well awaited Radio Taxi Scheme, 2006 has been amended by transport department of Delhi for helping the renowned cab providers including Uber, TaxiForSure, and Ola Cabs to hit the road again. After the amendment, aggregators as well as fleet owners can get licenses. This has also facilitated entry of small players in the segment as minimum requirement of fleet size has been slashed from 500 cars to less than 250.

Remains of AirAsia Flight QZ8501 found in Java Sea

Ruins of the Flight QZ8501 from AirAsia has been found in the sea, quite close to the Borneo island. Spokesperson of Indonesia’s National Search and Rescue, Yusuf Latif, informed the press that helicopter has been sent to recover some of the floating items that are debris of the AirAsia Airliner, which has been expanding its base in South East Asia including India. Indonesian official said that 95 per cent of the wreckage has been found at Java Sea.

Oppo Launches Slimmest Phone in India

Oppo India launched its slimmest phone today. This new smartphone is called R5 that costs Rs. 29,990. Per company sources, from 1 January 2015 Oppo R5 will be available for pre-booking. Though this phone is the 'slimmest smartphone' in India having thickness of 4.85mm, Vivo X5Max is world’s slimmest smartphone. Oppo R5 is packed with Qualcomm Snapdragon 615 (MSM8939) Octa Core (64-bit) processor, RAM of 2GB, 13MP primary camera, 5MP secondary camera, 5.2 inch Full HD screen, and ColorOS 2.0.1 operating system that is based on Android 4.4 KitKat.

India Secures a Draw with Australia in 3rd Cricket Test but Loses the Series

India loses Test Series in Australia as the 3rd test match between the mighty Australian cricket team and Indian minnows end in a draw. Australia found it difficult to break the Virat Kohli - Ajinkya Rahane partnership but it was Ryan Harris who made the breakthrough by taking the wicket of Virat at 54 runs. To win the third test in a row Australia needed 4 wickets in just twelve overs. However, Ravichandran Ashwin and Indian skipper MS Dhoni sailed it through comfortably to secure a draw.  




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