Agence Francaise de Developpement
Former IB chief Rajiv Mathur took over as the new Chief Information Commissioner in the Central Information Commission.
A milestone has been achieved in the field of aviation safety when CSIR-National Aerospace Laboratories (CSIR-NAL), Bangalore and India Meteorological Department (IMD) signed a partnership agreement for joint production of Drishti system.
As many as nine Indian firms have made it to the Forbes World's 100 most innovative growth companies list, which has been topped by New Zealand software accounting firm Xero.
The 2014 edition of the ‘SIMBEX 2014’ series of annual bilateral naval exercises between the Indian Navy (IN) and the Republic of Singapore Navy (RSN), is being conducted in the Andaman Sea from 22 May to 28 May 2014.
The Agence Francaise de Developpement (AFD) is extending a Line of Credit (LoC) of Euro 100 million to M/s Indian Renewable Energy Development Agency Ltd. (IREDA) to be utilized for financing Renewable Energy and Energy Efficiency projects in India.
Foreign direct investment into India grew 8 per cent year-on-year to $24.3 billion in 2013-14, according to the Department of Industrial Policy and Promotion (DIPP) data.
Moving closer towards doing away with banking secrecy practices, Switzerland has started ground work for implementation of automatic exchange of information on tax matters.
India's steel production grew by 5.3 per cent in April outpacing the world's average growth of 1.7 per cent, World Steel Association (WSA) opinion.
Marking the biggest consolidation in e-commerce space in India, homegrown e-retailer Flipkart has acquired online fashion retailer Myntra in estimated Rs 2,000 crore deal.
Former IB chief Rajiv Mathur took over as the new Chief Information Commissioner in the Central Information Commission.
A milestone has been achieved in the field of aviation safety when CSIR-National Aerospace Laboratories (CSIR-NAL), Bangalore and India Meteorological Department (IMD) signed a partnership agreement for joint production of Drishti system.
As many as nine Indian firms have made it to the Forbes World's 100 most innovative growth companies list, which has been topped by New Zealand software accounting firm Xero.
The 2014 edition of the ‘SIMBEX 2014’ series of annual bilateral naval exercises between the Indian Navy (IN) and the Republic of Singapore Navy (RSN), is being conducted in the Andaman Sea from 22 May to 28 May 2014.
The Agence Francaise de Developpement (AFD) is extending a Line of Credit (LoC) of Euro 100 million to M/s Indian Renewable Energy Development Agency Ltd. (IREDA) to be utilized for financing Renewable Energy and Energy Efficiency projects in India.
Foreign direct investment into India grew 8 per cent year-on-year to $24.3 billion in 2013-14, according to the Department of Industrial Policy and Promotion (DIPP) data.
Moving closer towards doing away with banking secrecy practices, Switzerland has started ground work for implementation of automatic exchange of information on tax matters.
India's steel production grew by 5.3 per cent in April outpacing the world's average growth of 1.7 per cent, World Steel Association (WSA) opinion.
Marking the biggest consolidation in e-commerce space in India, homegrown e-retailer Flipkart has acquired online fashion retailer Myntra in estimated Rs 2,000 crore deal.
current affairs 14 september 2012
Information panels
should be manned by judicial people: SC
The Supreme Court
held that the Central Information Commission and state information commissions
are forums performing quasi judicial functions and thus these should be manned
by people with judicial background. The court said that one of the two members
hearing a plea challenging the denial of information has to be from judicial
background. Justice A.K. Patnaik and Justice Swatanter Kumar suggested to
parliament to either rework or amend the provisions of the Right to Information
Act, 2005, dealing with the criteria and appointment of the central and state
level commission members. The appointment of the judicial members of the CIC
would be done in consultation with the Chief Justice of India, and similarly
for the state information commissions in consultation with the chief justices
of the respective high courts. Lawyers with 20 years of experience could also
be considered for appointment to central and state level commissions. The court
order came on a public interest litigation (PIL) seeking quashing of Clause
five of Section 12 and Clauses 5 and six of Section 15 of the RTI Act,
prescribing qualifications for the people who are eligible for appointment to
central and state information commissions.
Four coal blocks
de-allocated; 3 firms to lose bank guarantee
The Coal Ministry
accepted the recommendations of the Inter-Ministerial Group (IMG) and notified
de-allocation of four blocks and deduction of bank guarantee in the case of
three companies. The IMG took into consideration various factors before making
the recommendations, including approval of the mining plan, grant of
environment clearance and the status of forest clearance, land acquisition and
setting up of end-use project by the concerned private company concerned. The
Ministry said the IMG had recommended de-allocation of four blocks the
Bramhadih Block in Jharkhand allocated to Castron Mining Ltd. in 1996; the
Chinora and Warora (Southern part) blocks in Maharashtra given to Field Mining
and Ispat Ltd. in 2003; the Lalgarh (North) block in West Bokaro, Jharkhand,
allotted to Domco Smokeless Fuels Pvt. Ltd. In 2005. In addition, the IMG,
headed by Additional Secretary Zohra Chatterjee, had also recommended deduction
of bank guarantee in the case of Marki Mangli-II, III and IV blocks in
Maharashtra allocated to Shri Virangana Steels Ltd.
Tilak Kumar elected
INS president
K.N. Tilak Kumar,
Joint Managing Director of The Printers (Mysore) Ltd. and Editor of Deccan
Herald , was elected president of The Indian Newspaper Society for 2012-13, at
its 73rd annual meeting held in Bengaluru. He succeeds Ashish Bagga of India
Today . The 45 members of the executive committee include K. Balaji, Director,
The Hindu ; Akila Urankar of Business Standard ; M. Venkatesh of Hindustan
Times ; Manoj Kumar Sonthalia of The New Indian Express ; Maheshwer Peri of
Outlook ; Jayant Mammen Mathew of Malayala Manorama ; R. Lakshmipathi of
Dinamalar ; and Shailesh Gupta of Mid-Day. The INS has on its panel of members
over 1,000 dailies, bi-weeklies, weeklies, fortnightlies and monthlies,
published in 18 languages from all over the country. It was set up to give the
newspaper industry direction, cohesion, and foster mutual co-ordination
Muslims object to
illustrations in NCERT history textbook
Even as the
controversy over political cartoons in school textbooks is yet to subside, the
Muslim community has objected to two illustrations and the text of a chapter in
the Class XI history book published by the National Council of Educational
Research and Training under the National Curriculum Framework-2007. Shahi Imam
of the Fatehpuri mosque Mohammad Mukarram Ahmed has written to HRD Minister
Kapil Sibal, demanding immediate withdrawal of the textbook and an apology from
the NCERT. The controversy relates to a chapter on ‘The Central Islamic Lands’
that has two illustrations. One of them on page 79 depicts a medieval painting
of Archangel Gabriel (Jibril) who brought messages to Muhammad. The caption
reads: “The first word he spoke was ‘recite’ (iqra) from which has come the
word Quran. In Islamic cosmology, angels are one of the three intelligent forms
of life in the universe. The other two are human and jinn.” The other
illustration, on page 80, depicts pilgrims at the Kaba taken from a 15th
century manuscript. It reads: “A pilgrim touches the black stone (hajr
al-aswad) while angels watch.” Page 2 of 3 14th September 2012
Ranganath
Misra passes away
The former Chief
Justice of India, Ranganath Misra, died on September 13 following prolonged
illness.
FICCI award for
Fortis Escorts
Jaipur-based Fortis
Escorts Hospital has bagged the prestigious FICCI Healthcare Excellence
Award-2012 for operational excellence in the category of private hospitals with
super speciality having more than 100 beds. The hospital’s track record in
patient care, efficiency of staff and excellence in functioning were taken into
account for its selection. The award, instituted by the Federation of Indian
Chambers of Commerce and Industry, aims at felicitating institutions and
individuals for their contribution to the industry through innovations in
health care delivery and increasing efficiency of the medical and para-medical
staff. Fortis hospital was the first in Rajasthan to get the coveted national
award. Fortis was selected from among 270 hospitals across the country which
had applied for the award. Director Prateem Tamboli received the award at a
ceremony organised by FICCI in New Delhi recently, where President Pranab
Mukherjee was the chief guest.
Himachal power
project inaugurated
The 192 MW Allain
Duhangan hydro-electric project in Kullu district of Himachal Pradesh was
inaugurated and dedicated to the nation by Chief Minister Prem Kumar Dhumal.
The Allain Duhangan Hydro Project Limited (ADHPL) is a subsidiary of Malana
Power Company Limited, a joint venture between Bhilwara Energy Limited and
Norway’s SN Power. The project is a run-of-the-river project on Allain and
Duhangan rivers in Manali and would generate 820 million units of power annually.
With this, the total installed capacity of the Bhilwara Group in hydro power
has gone up to 300 MW. Malana Power Company has an operational 86 MW project at
Kullu which was commissioned in 2001. This project also includes construction
of 175 km high voltage line for transmission of power to the national grid
connection point located at Nalagarh in Himachal Pradesh. The project has been
approved by UN Framework Convention on Climate Change for Clean Development
Mechanism,
Qaida posts online
video of two 9/11 hijackers
Al-Qaida posted an online video of two plane
hijackers of the September 11, 2001 suicide attacks, which they said were part
of a war to drive US forces out of the Arabian Peninsula. Salim al-Hazmi and
Khalid al-Mihdar, two of the 19 extremists who hijacked the four airliners,
appeared reading their wills, in the video titled 'The Emerging Sun of Victory
Over the Victorious Ummah and the Vanquished Crusades' produced by As-Sahab
media arm of al-Qaida and provided by the US-based SITE Monitoring Services.
Mihdar, dressed in a military jacket and white turban, with a machinegun to his
left, said he was reading his will on 21 Safar 1422, on the Islamic calendar,
which was April 26, 2001. Mihdar is believed to have landed in the US in
January 2000. "Arab leaders... have gone far in betraying their nation and
have permitted Christian Americans into the land of the two holy sites" of
Mecca and Medina, he said. The operation was "part of jihad campaign against
the US and its supporters," said Hazmi.
COMPAT serves notice
on CCI
The Competition
Appellate Tribunal (COMPAT), has served notices on the Competition Commission
and the Builders’ Association of India, on whose complaint the fair trade
regulator had imposed a penalty of Rs. 6,307 crore on 11 cement firms on
charges of cartelisation. In their petitions, the cement firms have requested
the tribunal to quash the entire CCI order. They have also requested the COMPAT
to grant an interim stay on the CCI’s penalty till the tribunal decides on
their petitions. Industry body Cement Manufacturers’Association (CMA) has also
challenged CCI’s findings along with the producers.
Essar
Oil can pay sales tax dues in phases: SC
Ending the Gujarat sales
tax case involving Essar Oil, the Supreme Court, which passed the judgment, has
directed Essar Oil to pay the balance sales tax dues of Rs.5,165 crore in eight
quarterly instalments spread over two years beginning January 2, 2013. The
Gujarat Government’s demand for Rs.1,800 crore as interest for the period up to
January 17, 2012, has been dismissed by the Supreme Court.
‘Touch Screen’ watch
from Sonata
Sonata, the watch
brand from Titan Industries, has announced the launch of the first ever touch
screen watch in the country. The touch screen watch is a multi-function sports
watch with a high water resistance and comes packed with features such as
light, stop-watch, multiple time display, day, date, alarm, and is available in
three vibrant colours. Like all other Sonata super fibre watches, this watch is
made with acrylonitrile butadiene styrene and polyurethane. It is available in
over 8,000 outlets across the country at an introductory price point of
Rs.1,499.
Lamborghini recalls
1,500 cars due to risk of fire
Italian sports car
maker Lamborghini is recalling some Gallardo models because power steering
fluid can leak and catch fire. The recall affects about 1,500 Gallardo Coupe
and Spyder autos, from model years 2004 to 2006. Lamborghini says in documents
sent to the U.S. safety regulators that pipes can corrode near the power
steering pump. In rare cases, fluid can leak onto the hot engine and cause a
fire.
‘India's potash
imports expected at 3.5-4 MT’
World's second
largest potash producer Uralkali has pegged India's potash imports at 3.5-4
million tonnes (MT) in 2012 due a cut in subsidy on phosphatic and potassic
(P&K) fertilisers by the Government. India imports 100 per cent of its
domestic requirement of muriate of potash (MoP), a key fertiliser. It had
imported 2.7 million tonnes in 2011-12 fiscal and 4.5 million tonnes in 2010-11
fiscal.
Govt likely to
approve stake sale in 5 PSUs, IPO of RITES
Hard pressed to
achieve disinvestment target of Rs 30,000 crore in the current fiscal, the
government will consider the proposal of stake sale in five state-owned
companies including Hindustan Copper, Oil India and Nalco stake sale, the
Cabinet Committee on Economic Affairs (CCEA), will also consider initial public
offering (IPO) in the Rail India Technical and Economical Services (RITES). The
agenda of the CCEA, also include stake sale in Neyveli Lignite and MMTC. The
Department of Disinvestment (DoD), has proposed 10 per cent stake sale proposal
of Oil India and another 9.59 per cent disinvestment of Hindustan Copper.
National championship
from Oct. 8
The 18th Fenesta National tennis championship, offering
Rs. 1.5 lakh for the men’s champion and Rs. 1 lakh for the women’s champion,
will be held at the DLTA Complex from October 8 to 13. The qualifying event
will be held from October 6.
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