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Current News Shots October 22 - 30, 2013



YASH CHOPRA MEMORIAL AWARD
Legendary vocalist Lata Mangeshkar was presented the first national Yash Chopra Memorial Award
By: Ministry of Information and Broadcasting
Tribute: To the legendary filmmaker Yash Chopra
Eve: First death anniversary OF Yash Chopra
Instituted by: TSR Foundation of T. Subbarami Reddy.
Amount: Rs 1 million and a citation.

SEBI STUDY SUGGESTS REDUCTION IN STT TO GIVE IMPETUS TO CAPITAL MARKET
Securities and Exchange Board of India (SEBI), Development Research Group (DRG)  the spot-market has been dominating the futures and option markets and the dominance of futures market over options has diminished after the increase in Securities Transaction Tax (STT). Reducing Securities Transaction Tax has inverse effect on the capital market.
The Central Government levies Securities Transaction Tax (STT) on all transactions done on the stock exchanges at rates prescribed it from time to time. This includes shares, derivatives or equity-oriented mutual funds units. The Government of India notified the Securities Transaction Tax Rules, 2004 and STT came into effect from October 1, 2004.

TATA SIA AIRLINES LTD.
The Ministry of Corporate Affairs approved the name “Tata SIA Airlines Ltd.”
Service: Full-service passenger’s services on domestic and international routes.
Initial investment: $100 million, with Tata Sons injecting $51 million for a 51% stake and Singapore Airlines pumping in $49 million for the remaining 49%. 
This is the third proposal in the aviation sector since the Government permitted 49% FDI in domestic airlines in September 2012.
Tata is already into a separate joint aviation venture with AirAsia and Telstra Tradeplace for a low-cost airline.
History: In 1932 JRD Tata had started Tata Airlines, which was later in 1946 renamed Air India and was subsequently nationalized in 1953.

SAUDI ARABIA DECLINES UN SECURITY COUNCIL SEAT
Reason:

  • Showing disappointment over the inability of the United Nations Security Council (UNSC) to end the war in Syria and act on other Middle East issues,
  • Security Council’s failure to resolve the Israeli-Palestinian dispute,
  • curb nuclear proliferation in the region as the reason behind its turning down the membership.
  • accused the global body of perpetuating conflicts and grievances.

Saudi Arabia was one of five countries elected by the UN’s General Assembly to serve a two-year term as a non-permanent member on the 15-member Security Council

MANNA DEY, THE LEGENDARY SINGER PASSED AWAY
Original Name: Prabodh Chandra Dey
Age: 94.
Role: Playback singer.
Feature Works: Manna Dey sang mainly in Hindi and Bengali. He also recorded songs in several other Indian languages like Bhojpuri, Punjabi, Assameese, Oriya, Gujarathi, Marathi, Kannada, Malayalam.

  • Dadasaheb Phalke Award (2007)
  • Padma Bhushan (2005)
  • Padma Shri (1971)

Debut film: Tamanna (1942)
Feat: Recorded more than 4000 songs

DIPIKA PALLIKAL CLINCHES MACAU OPEN SQUASH TITLE 2013


India’s star Squash player Dipika Pallikal clinched the Macau Open title
Venue: Macau, China.
Runner Up: Former World No.1 Rachel Grinham of Australia. 
About Dipika Pallikal:
Feat:

  • First Indian woman to make to the top 10 WSA rankings. 
  • She is also first squash player to receive prestigious Arjuna Award.

‘STATE GOVTS CAN’T ORDER SUSPENSION OF FILMS’: JUSTICE MUKUL MUDGAL ON DRAFT CINEMATOGRAPH BILL 2013
The Empowered Committee on film certification chaired by Justice Mukul Mudgal has mandated that no State government can order the suspension of a film.
Cinematograph Bill, 2013  was drafted to ammend changes in the Cinematograph Act 1952:
Only the Central government can suspend the screening of a film after it has been certified by the Censor Board.
CONDITION: The Central government can only invoke this clause only after a show-cause notice has been given in writing to the film-maker setting out the grounds for proposing such a move and giving him/her reasonable opportunity to respond

FIRST GENESIS PRIZE “JEWISH NOBEL PRIZE” TO NEW YORK MAYOR MICHAEL BLOOMBERG


New York City Mayor Michael R. Bloomberg has been selected for the inaugural Genesis Prize – an award popularly dubbed the Jewish Nobel Prize given by the Government of Israel.
Recognition: For long record of public service and philanthropy.  
Israeli Prime Minister Benjamin Netanyahu will present the prize to Bloomberg in May 2014 in Israel.
Genesis Prize – The Jewish Nobel Prize
Instituted by: Government of Israel, the Jewish Agency for Israel and the Genesis Philanthropy Group.
Provided to: It is awarded to individuals who have achieved international recognition in their professional field, the worlds of science and the arts.
Prize Money: $1 million
Presented by: On annual basic by the Prime Minister of Israel
Venue: Jerusalem.
The award seeks to emphasize across the Jewish community and the world at large the significance of Jewish values to the fulfillment of human potential and to the betterment of the world. This way, it intends to strengthen the Jewish identity of young Jews across the world who are rapidly assimilating and losing connection to the Jewish people and their rich heritage.

 

TATA SIKORSKY PRODUCED FIRST INDIGENOUS S-92 COPTER CABIN
Tata Sikorsky, the joint venture firm of

  • Tata Advanced Systems Limited (TASL) 
  • Sikorsky Aircraft Corporation of the U.S.,

Manufactured: India’s first 100% indigenous S-92 helicopter cabin at its Hyderabad facility.
Established in 2009
Time Span: Three years to develop and deliver 50 cabins at the facility.
Present Status: The facility manufactures all the 5,000 parts needed for the cabin in the Hyderabad facility.
Brief: The Sikorsky S-92 is a four-bladed twin-engine medium-lift helicopter built by Sikorsky Aircraft for the civil and military helicopter market. The S-92 was developed from the Sikorsky S-70 helicopter and has similar parts such as flight control and rotor systems.

INDIA, CHINA INK BORDER DEFENSE CO-OPERATION AGREEMENT
India and China inked a BDCA (Border Defence Co-operation Agreement)
Aim: Confidence building measures that in any face-off on the Line of Actual Control (LAC) they will not use force or threaten to use force against each other and prevent exchange of fire or an armed conflict. Between: Prime Minister Manmohan Singh and Chinese Premier Li Keqiang.
The BDCA was among nine agreements signed by both sides, of which an MoU on Strengthening Co-operation on Trans-border Rivers was another significant agreement.
Highlights of the BDCA (Border Defence Co-operation Agreement) between India and China: 

  • The BDCA seeks to build a graded mechanism, starting with meetings between border personnel, perhaps in all sectors.
  • It has 10 clauses that seek to maintain peace, tranquility and stability along the 4,000 km-long LAC.
  • Periodic meetings will be held between officers of the regional military headquarters, specifically between the Chengdu military region and India’s Eastern Command, and Lanzhou military region and the Northern Command.
  • Higher-level meetings between the two ministries of Defence will also be held, aside from the working mechanism for consultation and co-ordination on India-China Border Affairs, and the India-China Annual Defence Dialogue.
  • Both the sides have reached an agreement not to tail each other’s patrols in the areas where there is no common understanding of the LAC, and laying down the right to seek a clarification.
  • The two sides are to set up meeting sites for border personnel, as well as telephone and telecommunication links on the LAC. A hotline between the two military headquarters is also being contemplated.
  • Both have also agreed that in the event of a face-off in areas where they have differing perceptions of the LAC, “both sides shall exercise maximum self-restraint, refrain from any provocative actions, not use force or threaten to use force against the other side, treat each other with courtesy and prevent exchange of armed conflict”.
  • Joint celebrations by military personnel at the border on major national or military days and festivals, organizing non-contact sports, and joint small-scale tactical exercises.
  • According to India, the pact doesn’t affect India’s right to build infrastructure at the border. There is recognition on both sides, like in all previous agreements — 1993, 1996 and 2005 — that “the border is asymmetrical, that what is on their side is different from our side. Each side will approach its security in its own way.” With these agreements both the sides hoped that it would help maintain peace and tranquility in the border areas.

 

FINALLY SUU KYI RECEIVES 1990 SAKHAROV PRIZE


Myanmar’s pro-democracy activist and parliamentarian Aung San Suu Kyi finally collected the EU democracy prize that had been awarded 23 years ago while she was under house arrest. The Sakharov Prize for freedom of thought, named after Soviet dissident Andrei Sakharov, has been awarded annually by the European Parliament since 1988.

 

 

 


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