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Who and Us Center

In: Business and Management

Submitted By sa020390
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10 July 2014

SC restrains States on remission for life convicts
The Supreme Court restrained all State governments from releasing life convicts exercising their remission powers. A five-judge Constitution Bench comprising Chief Justice R.M. Lodha and Justices J.S.
Khehar, J. Chelameswar, A.K. Sikri and Rohinton Nariman passed the restraint order till July 22, when the matter relating to the release of life convicts in the Rajiv Gandhi assassination case would be taken up for hearing.
Bollywood to open up for Canadian filmmakers
The Bollywood market could soon open up on a large scale to Canadian filmmakers, with the coming into force of the Canada-India Audiovisual Coproduction Treaty, which will enable film producers of both the countries to utilise a common platform for collaboration on various facets of film-making. The agreement was signed by the Ministry of Information and Broadcasting and the Canadian High Commissioner earlier this year. It is expected to benefit producers from both the countries and allow them to combine their creative, technical and financial resources for co-production.
CBI quizzes Andhra governor in Agusta chopper deal probe
The CBI recorded the statement of former Intelligence Bureau director and Andhra Pradesh governor E S
L Narasimhan as a witness in its probe into the AgustaWestland VVIP chopper deal.
Senior official to handle PMO's media affairs
The Modi government and BJP are planning a major media outreach with a senior official expected to be soon appointed to handle PMO's interface with the media while ministers will also be drafted as spokespersons. Plan commission may be reduced to think tank
The finance ministry has made a pitch for taking away Planning Commission’s key role of allocating development funds to central ministries. If implemented, the commission’s function will get limited to formulating fiveyear plans. Currently, the finance ministry and Planning Commission decide the level of central support to plan schemes and the panel then allocates funds.
Survey hotwires export to electronic hardware
A finance ministry study has highlighted flaws with free trade agreements (FTAs) signed by the government and suggested fresh benefits boost investment in SEZs, once a key driver of investment and exports. Banks can't fix 60% marks as cutoff for study loans: HC
Banks cannot fix 60% marks in Class XII as the minimum required for extending education loans to students joining engineering courses, the Madras high court has ruled.
Govt nod for INS Vikrant project fund:
The Modi government reportedly granted Rs 19,000 crore to complete the ongoing construction of INS
Vikrant at the Cochin Shipyard.
Highway expansion in 5 States
The Cabinet has approved four- and six-laning of highways covering over 676 km in U.P, Rajasthan,
Delhi, Kerala and A.P.
Pinky Anand appointed ASG
Senior Advocate Pinky Anand has been appointed Additional Solicitor-General in the Supreme Court.
She is the second woman lawyer to be appointed ASG after senior advocate Indira Jaising demitted office following the change of government at the Centre.

10 July 2014

Monsoon: Centre ready with contingency plan
The Centre is fully geared up to meet any eventuality arising from deficient southwest monsoon, Union
Agriculture Minister Radha Mohan Singh told the Rajya Sabha. Responding to a discussion on “deficient rain, drought conditions and plight of farmers,” the Minister said the government could not declare a drought. It was guided by the India Meteorological Department on weather forecasts. “Based on certain parameters, States assess the situation on the ground and inform us about the dry districts.

U.K. to boost India’s allocation in Chevening scholarships
Over the next two years, India will see a fourfold increase in the budget for the prestigious Chevening scholarships. The new allocation — raised from £600,000 to £2.4 million — will take the total number of scholarships awarded to Indians to 150 by 2015-16. This is part of an overall plan to triple the total number of scholarships under the programme, Minister of State in the Foreign and Commonwealth Office
Hugo Swire told a group of journalists on July 8, a day prior to an event to be held at the Kent-based
Chevening House to mark 30 years of the U.K.’s prestigious scholarship programme.
South Africa to keep India posted on Lankan mission
South African Deputy President Cyril Ramaphosa has told the Tamil National Alliance (TNA) that he will keep India informed of South Africa’s reconciliation efforts in Sri Lanka. TNA parliamentarian M.A.
Sumanthiran told presspersons that the discussions centred broadly on addressing the ethnic question and the post-war environment.
Obama faces impeachment call
A surge of undocumented child immigrants at the U.S.’ southern border appeared to be fomenting a political crisis for President Barack Obama, with some Republicans calling for his impeachment this week.
U.S. presses China on human rights
The United States “forcefully” pressed China on festering maritime rows and human rights, even as the two countries vowed to seek cooperation rather than confrontation. Opening two days of talks between the world’s two largest economic powers, U.S. Secretary of State John Kerry warned his Chinese counterparts that it would be “unacceptable” to try to alter the status quo in the South and East China
Seas, where Beijing is in dispute with its neighbours.
Australia denies abuse of asylum-seekers
Australia has denied Sri Lankan migrants’ allegations that they were abused and treated badly by its authorities in a recent mid-sea operation that has now spiralled into an issue of refugees’ safety.
Australian Minister Scott Morrison, who was in Colombo, termed the claims by some of the 41 returned asylum-seekers “offensive.”
France unveils bill to curb jihadists
France presented a bill aimed at strengthening anti-terrorism laws to stop increasing numbers of aspiring jihadists from travelling to fight in Syria. The new bill, presented by Interior Minister Bernard Cazeneuve to the Council of Ministers, came as a 48-year-old woman was charged under anti-terrorism laws after visiting Syria thrice where her son is fighting.
Germans probe a second spy case
German authorities are investigating a second spy case reportedly involving the U.S., a week after the arrest of a German intelligence employee cast a new shadow over relations between the two countries.

10 July 2014

Business and Economy
El Nino may hit foodgrain output
After substantial strides in agriculture production in the last few years, the likely occurrence of the El Nino will impact foodgrains output and put pressure on prices, the Economic Survey said. The extent and impact of El Nino depends on temporal and spatial distribution of rainfall. It occurs when surface temperatures in the Pacific Ocean rise above average for several months which adversely affects weather in many regions, the Survey said.
Immediate challenge of services sector is revival of growth
Stating that the immediate challenge in the services sector is revival of growth, the Economic Survey
2014 said this could be achieved through reforms and speeding up of the policy decision-making. The survey pointed out that a targeted approach with focus on big-ticket services could lead to a rebounding of services sector growth for India.
Excessive land, environmental regulation cause investment slump
The slowdown in investment growth over the last five years partly came about due to difficulties in land acquisition, delayed environmental clearances, infrastructural bottlenecks, problems in coal linkages and ban on mining in some areas, according to Economic Survey 2013-14.
SEBI slaps Rs.1 cr fine on Apollo Tyres
The Securities and Exchange Board of India (SEBI), imposed a fine of Rs.1.03 crore on Apollo Tyres for allegedly failing to comply with buyback regulations.
DGCA overrules objections for grant of AOP to Tata-SIA
Clearing the decks for grant of air operator permit to Tata-SIA Airlines, aviation regulator DGCA, overruled all the objections raised by the Federation of Indian Airlines (FIA) over the application of the start-up carrier.

Vijay’s day out
Murali Vijay knows how it feels to be stranded in the 90s overseas. At Durban, he fell on 97, but on a sunny Wednesday here at Trent Bridge, the opener discarded that ghost and prospered.
Ojha, Rayudu hit centuries in drawn ‘Test’
Naman Ojha and Ambati Rayudu hit unbeaten centuries each to rescue India ‘A’ to 285 for five in the second innings on the fourth and final day as the unofficial Test against Australia ‘A’ ended in a draw. th Smit Singh finishes 35
Former national silver medallist Smit Singh shot 112 and finished 35th in men’s skeet in the shooting
World Cup in Beijing. Three-time world champion and the reigning Asian Games champion Abdullah
Alrashidi of Kuwait won the gold ahead of Valerio Luchini of Italy who had shot a world record 125 in qualification. Deep Sengupta triumphs
Deep Sengupta won the Commonwealth chess championship at Glasgow. The third seed triumphed in dramatic style after beating Sahaj Grover in the final round and pushing boy wonder Aravindh
Chithambaram, who shocked defending champion and sole leader Abhijeet Gupta with black pieces, to the runner-up spot on tie-breakers.

10 July 2014

Sci and Tech
Soon, a brain implant to help restore memories
US military researchers announced on Wednesday they have awarded $40 million toward developing a new kind of brain implant that may help restore memories in wounded soldiers and civilians. This kind of recall can be lost in traumatic brain injury , which has affected 270,00 US military service people since
2000 and touches 1.7 million US civilians each year.
Russia tests 1st new space rocket since Soviet era
Russia test launched its first new design of space rocket since the Soviet era, Russian news agencies quoted a source at the country's northern Plesetsk cosmodrome as saying. “The launch has taken place,“ the source was cited by Interfax as saying of the new generation Angara rocket.
Scientists described fossils from Canada of a hedgehog the size of a shrew -about 5cm long -that lived 52 million years ago in a rainforest in northern British Columbia. About the length of a person's thumb, it ate insects, plants and maybe seeds, the researchers said.
GREEN BATTERY - Sand may power mobiles in future
Scientists have used sand to create a lithium ion battery that outperforms the current industry standard by three times. Graphite is the current standard material for the anode, but as electronics have become more powerful graphite's ability to be improved has been virtually tapped out. Researchers are now focused on using silicon at the nanoscale, or billionths of a metre, level as a replacement for graphite. The problem with nanoscale silicon is that it degrades quickly and is hard to produce in large quantities.
Forgotten vials of smallpox virus found in US lab
In a development that has left both the WHO and US Centre for Disease Control and Prevention (CDC) worried, vials of the deadly smallpox has been found lying forgotten in the cupboard of a building in
Washington. This is the first time that unaccounted-for smallpox vials have been found in the US.
Caribbean lost half its corals since 1970s
The Caribbean has lost at least half its coral reefs since the 1970s, says a new report by the United
Nations Environment Programme (UNEP). And the main culprit, it adds, is overfishing — in particular, the loss of parrotfish. Large parrotfish graze down algae that can otherwise smother corals. If the trend in overfishing continues, Caribbean reefs — which account for about a tenth of the world’s corals — could all but vanish in 20 years, the report predicts.
World’s biggest-ever flying bird discovered
Scientists have identified the fossilized remains of an extinct giant bird that could be the biggest flying bird ever found. It had an estimated wingspan of 20-24 feet.
Early prediction of floods by satellites
Data from NASA satellites which capture a much fuller picture of how water is accumulating can greatly improve predictions of how likely a river basin is to overflow months before it does.
Antarctic winds create new sea level threat
Projected changes in the winds circling the Antarctic may accelerate global sea level rise more than previously estimated by warming the ocean under the ice shelves along the coastline.

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