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Appointments January 9 1. Modibo Keita appointed as the Prime Minister of Mali.
Modibo Keita was appointed as the Prime Minister of West African nation Mali. His appointment was confirmed by Mali's President Ibrahim Boubacar Keita. Modibo Keita succeeded Moussa Mara who resigned under pressure from the President due to the strife-torn condition of the nation.
2. Haryana Government appointed Yash Pal Singhal as Haryana DGP.
Haryana Government appointed Yash Pal Singhal as Director General of Police (DGP). His appointment was confirmed by the Haryana Chief Minister Manohar Lal Khattar. He took over the post with immediate effects. He succeeded S N Vashisht who has been posted as Director General of State Vigilance Bureau.
3. Maithripala Sirisena, Sri Lanka's new president.
Sri Lanka's Maithripala Sirisena was a low-profile minister when a rudderless opposition chose him to spearhead a campaign to topple the president. Official results showed Maithripala Sirisena, a former ally of the incumbent, had won 51.3% of the vote.
10 important things we know about Sri Lanka's president-elect:
Sri Lanka's Maithripala Sirisena was a low-profile minister when a rudderless opposition chose him to spearhead a campaign to topple the president. The son of a World War II veteran, Sirisena entering parliament in 1989 after settling in the eastern district of Polonnaruwa, where he had worked as a local government official. At the time his Sri Lanka Freedom Party (SLFP) was struggling to find candidates willing to risk attacks by Marxist Sinhalese militants who wanted an elections boycott. Sirisena was also a soft target for the Tamil Tiger rebels during the height of fighting and says the separatists may have tried to assassinate him on at least five occasions. Sirisena was jailed for nearly two years after being arrested on suspicion of leading a revolt against the government in 1971 when he was just 20. 63-year-old farmer-turned-politician had become a rallying point for disaffected Sri Lankans. He rejected the president's accusation of backstabbing, promising to "end the Rajapakse family rule".
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Dressed in the white sarong and tunic favoured by Sri Lankan politicians, Sirisena appeals to a rural electorate while his main backer, the centre-right United National Party (UNP), is more popular in urban areas. Maithripala Sirisena has pledged to abolish the executive presidency within 100 days and return the country to a Westminster-style parliamentary democracy where the police, the judiciary, and the civil service will be independent institutions. The government has accsued Sirisena of being a proxy of former president Chandrika Kumaratunga, who came out of retirement to boost his electoral fortunes by asking her loyalists to vote for him. Maithripala Sirisena says he will make UNP leader and former premier Ranil Wickremesinghe his prime minister if he wins, and together they pose a a serious threat to Rajapakse. Sirisena's vision for the country ties in closely with the free-market, investor-friendly policies of the opposition UNP which provided him with the political base to challenge Rajapaksa.
Awards & Honors January 9 1. Pioneer of China's Hydrogen Bomb Yu Min Wins Top Science Award Yu Min, nuclear physicist considered the "father of China's Hydrogen Bomb" has won the country's top science prize. About Yu Min: Yu Min began serving as a researcher at the Modern Physics Research Institute of the Chinese Academy of Sciences in 1951. He studied nuclear weapon theory and solved a series of problems concerning thermal nuclear physics related to H-bomb tests. He was also the recipient of the "Two Bombs, One Satellite" Achievement Medal, another top science award given by the Chinese government to those who have made great contributions to China's first satellite project. About Science Award: The five million-Yuan State Preeminent Science and Technology Award was set up in 1999. The award comes with a cash prize worth five-million-Yuan (805,200 US dollars), 10% of which is given to the awarded scientist. It is awarded to the top two scientists of the country each year.
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Deaths January 9 1. 'Time Machine' Star Rod Taylor Dead at 84 An Australian actor who transitioned into a Hollywood leading man with his breakthrough role in the 1960 sci-fi thriller The Time Machine, Taylor's career spanned nearly six decades. He is perhaps best known for his role in Alfred Hitchcock's 1963 horror classic The Birds, as well as celebrated performances in Seven Seas to Calais, Sunday In New York, and Young Cassidy. Probably his most famous role was in “The Birds” (1963), based on a Daphne du Maurier short story. The film, about an attack by flocks of birds on a northern California town, was ranked No. 7 on the American Film Institute’s list of all-time greatest thrillers, when it was compiled in 2001. Taylor's most recent appearance was a cameo in Quentin Tarantino's 2009 war film Inglorious Basterds playing Winston Churchill.
Economy January 9 1. SEBI proposed 'e-IPOs' Capital markets regulator Securities and Exchange Board of India (SEBI) has proposed draft norms for initial public offers (IPOs) in electronic form to boost retail participation, and a 'fast-track' route for already listing public listed firm to raise funds via follow-on public offerings (FPOs) and rights issues. The proposed development comes as a part of efforts to boost fundraising from the markets via simplifying the process of IPOs, lowering their costs, helping companies reach more retail investors in small towns, and providing fast track route for FPOs and rights issues. The proposed electronic-IPOs (e-IPOs) mechanism will enable investors to place bid for shares in the public offering online, eventually on mobile too, without signing any physical documents. The process will result in overall lower cost of public issues due to reduction in printing of application forms.
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Under the proposed norms for e-IPOs, investors can submit applications to a registrar and transfer agent (RTA), a registered stock broker, a self-certified syndicate bank (SCSB) or a depository participant (DP). Depositories can access the stock exchange platform and, in turn, provide the same to their DPs or RTAs.
2. Kohlberg Kravis Roberts (KKR) has formed another non-banking finance company NBFC to provide loans to the real estate sector. Private equity firm Kohlberg Kravis Roberts (KKR) has formed another nonbanking finance company (NBFC) in the country to provide loans to the real estate sector. Singapore’s sovereign wealth fund GIC, which has shown interest in the realty segment in the recent past, will also invest in the newly formed company. KKR said in a statement that it will provide structured credit solutions to the real estate sector. KKR already operates an NBFC in India. “Since 2009, KKR has extended more than $2 billion of structured financing to 21 business groups in India through its credit and capital markets business,” the company said in a statement. In 2014, KKR said it participated in three transactions aggregating to around $190 million. In private equity. KKR has been active in India since 2006, with total equity investments exceeding $1.5 billion. GIC: Government of Singapore Investment Corporation
3. Finance Ministry proposes new tax accounting standards for businesses
To ensure consistency as well as clarity on taxation issues, the Finance Ministry has proposed new tax accounting standards related to income computation and disclosures by businesses. The new draft of 12 Income Computation and Disclosure Standards (ICDS), for which comments have been sought from stakeholders till February 8, is aimed at having consistency in respect of issues that come under this ambit. This ICDS is applicable for computation of income chargeable under the head ‘profits and gains of business or profession’ or ‘income from other sources’ and not for the purpose of maintenance of books of accounts. With regard to tax accounting standards, a committee, set up by the Central Board of Direct Taxes (CBDT), had submitted its first interim report in August, 2011. The final report was submitted in August, 2012. The draft standards, proposed by the panel, were placed in the public domain for comments.
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Under Section 145 (1) of the Income Tax Act, 1961, income chargeable under the head ‘profits and gain of business or profession’ or ‘income from other sources’ be computed in accordance with either cash or mercantile system of accounting regularly employed by the assessee. Section 145 (2) provides that the Central Government may notify ICDS for any class of asssessees or income.
International December 9 1. US House Passes Bill Approving Keystone XL Pipeline
House of Representatives of the United States passed a legislation that approves construction of a controversial Keystone XL oil pipeline. The bill was passed by 153 votes in the 266-member House of Representatives. Now the bill will go to the Senate for approval The lower house of the US took the decision after Nebraska Supreme Court in its ruling removed a major obstacle that delayed project till now
The obstacle was over the issue of constitutionality of Governor’s decision to bypass regulatory procedures and approve the pipeline route himself. In 2012, former governor of Nebraska, Dave Heineman had granted TransCanada Corp a pipeline route to cross the State
In its decision, four judges of the Nebraska court said that the Governors’ decision was unconstitutional but state law required five judges to reach that conclusion. As a result, the deadlock over the issue in the court amounted to ruling in the company's favour
With the court decision in the favour of the pipeline, it is now supposed that US President Barack Obama will have to sign the controversial bill who so far had refused to sign the bill on the grounds that the case was pending in Nebraska court
About Keystone XL oil Pipeline Country: Canada/United States TYPE: Crude oil Owner: TransCanada The 2000-kilometer Keystone
XL oil pipeline would carry 830000 barrels of oil per day from the oil sands of western Canada to the ports and refineries of the Gulf Coast of Mexico
The pipeline will be built by TransCanada Corp. which had submitted its permit application in 2008 to the State Department, which has jurisdiction over Cross-Border Pipelines
National January 9 4. Vistara started its first flight from Delhi to Mumbai
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Tata Group launched its full-service airline Vistara in partnership with Singapore Airlines Ltd (SIA), more than 60 years after the Indian government nationalized the group’s airline business and following two abortive attempts to return to the skies. The airline’s first Airbus A320 flight, from Delhi to Mumbai, took off at 12.52pm and landed at 2.46pm. Minister of state for aviation Mahesh Sharma inaugurated the flight, which was welcomed in Mumbai by Tata Sons Ltd chairman Cyrus P. Mistry. The name Vistara comes from Vistaar in Sanskrit, which means limitless expanse, and draws inspiration from the brand’s domain—the limitless sky. Tata Sons holds the majority stake of 51% in Vistaara and SIA the remaining 49%. It’s the third full-service airline operating in India after state-run Air India Ltd and Jet Airways (India) Ltd. According to consulting firm consulting firm Capa Centre for Aviation, India’s airlines had posted an estimated loss of Rs.10,660 crore in FY14, which was 76% higher than in the previous fiscal year, and the worst result since FY08. Over the last seven years, Indian airlines have lost about $10.6 billion, according to Capa. These years also saw the closure of Kingfisher Airlines, Air Deccan (which had merged with Kingfisher), Deccan 360, Air Mantra, MDLR Airlines, Paramount Airways and Indus Air.
Places in News January 9 1. DMRC launched first public bicycle sharing scheme for Delhi Metro users.
Delhi Metro Rail Corporation launched first public bicycle sharing scheme for Delhi Metro users. The scheme will help the commuters to seamlessly reach their destination via the metro rail. The scheme aims to provide pollution free last-mile connectivity to DMRC commuters. The eco-friendly project was inaugurated from the Saket Metro Station in south Delhi.
2. Jharkhand Assembly adopted resolution on opening High Court bench in Dumka.
Jharkhand Assembly unanimously adopted a resolution urging state government to send a proposal to Union Government for setting up a bench of the Jharkhand High Court in Dumka.
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Dumka is the sub-capital of Jharkhand. The resolution was initiated by Parliamentary Affairs Minister C P Singh after JMM MLA Stephen Marandi raised the demand. Speaker Dinesh Oraon adopted it saying the unanimous resolution by the House be conveyed to the Centre with a request in this regard.
Special Days January 9 1. January 9 observed as Pravasi Bharatiya Divas Pravasi Bharatiya Divas (Non-resident Indian Day) is celebrated in India on 9 January each year to mark the contribution of the overseas Indian community to the development of India. The day commemorates the return of Mahatma Gandhi from South Africa in Bombay on 9 January 1915. Established in 2003, it is sponsored by the Ministry of Overseas Indian Affairs of the government of India and the Federation of Indian Chambers of Commerce and Industry (FICCI) the Confederation of Indian Industry(CII) and the Ministry of Development of the North Eastern Region of India. A celebratory event is held on 7–9 January each year in an Indian city: a forum for issues concerning the Indian Diaspora is organized and the Pravasi Bharatiya Samman Awards are given. History:
The decision to celebrate Pravasi Bharatiya Divas was taken in accordance with recommendations of the High Level Committee (HLC) on the Indian Diaspora set up by government of India under the chairmanship of L. M. Singhvi. The then Prime Minister
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of India, Shri Atal Bihari Vajpayee after receiving the report of the Committee at a public function at Vigyan Bhavan in New Delhi on 8 January 2002, announced the "Pravasi Bharatiya Divas"(PBD) on 9 January that year. The day was chosen to mark the return of Mahatma Gandhi from South Africa to India in 1915. The occasion is marked by special programs to recognize the contributions of NRI/PIO individuals of exceptional merit, felicitate NRI/PIO individuals who have made exceptional contributions in their chosen field/profession (Pravasi Bharatiya Samman (Hindi: NRI/PIO Award)) and provide a forum to discuss issues and concerns of people of the Diaspora. The event has been organized every year since 2003, and is sponsored by the Ministry of Overseas Indian Affairs and the CII (Confederation of Indian Industry), initially sponsored by FICCI.
Sports January 9 1. Shane bond was appointed as Mumbai Indian bowling Coach. Former New Zealand fast bowler Shane Bond had been appointed bowling coach of Mumbai Indians for the IPL-8 season. He played for Kolkata Knight Risers in 2010. Australia’s Ricky pointing is the head coach, Jonty Rhodes the fielding coach and Robin Singh the batting coach. About IPL – 8
The 2015 season of the Indian Premier League, abbreviated as IPL 8 or Pepsi IPL 2015, is the eighth season of the IPL. Kolkata Knight Riders are the defending champions having won the title in the 2014 season. The complete tournament is expected to be held across different cities in India unlike the previous season. The tournament is expected to start on Wednesday, April 8, 2015 after the end of the 2015 Cricket World Cup. A total of 60 T20 matches including Final are expected to be held in the entire tournament. Winners of last IPL seasons 2008 – Rajasthan Royals 2009 – Deccan Chargers 2010 – Chennai Super Kings 2011 – Chennai Super Kings
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2012 – Kolkata Knight Riders 2013 – Mumbai Indians 2014 – Kolkata Knight Riders
State January 9: 1. Governor’s rule imposed in Jammu and Kashmir. Centre has imposed Governor's rule in Jammu and Kashmir, accepting the state's Governor N.N. Vohra's recommendations. Mr. Vohra sent a report to the President after Omar Abdullah asked him to relieve him as caretaker Chief Minister. More than a fortnight after the results of the Assembly elections have been out, neither PDP which emerged as the single largest party with 28 seats nor BJP with 25 could get the magic figure of 44 to stake claim to form a government in the 87-member House. NC has 15 MLAs while the Congress 12.
2. ‘Operation Smile’ to rescue missing children in Telanagana.
In order to rescue missing children and hand over them to their parents, the Karimnagar district police have launched an ambitious programme called ‘Operation Smile’ in coordination with Child Friendly Society. As part of the Operation Smile programme, Superintendent of Police V. Shiva Kumar had constituted a Special Juvenile Police Unit (SJPU) with one sub-inspector of police and four constables in each police sub-division in Karimnagar district. SJPUs have been constituted in all the six police sub-divisions in the district.
Surveys January 9 1. Teixobactin, a new antibiotic discovered.
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A team of scientists led by Kim Lewis from Northeastern University have identified a new antibiotic called teixobactin, which kills some kinds of bacteria by preventing them from building their outer coats. They used it to successfully treat antibiotic-resistant infections in mice. And more importantly, when they tried to deliberately evolve strains of bacteria that resist the drug, they failed. Teixobactin appears resistant to resistance. Bacteria will eventually develop ways of beating teixobactin -- remember Orgel -- but the team are optimistic that it will take decades rather than years for this to happen. That buys us time. Teixobactin isn't even the most promising part of its own story. That honour falls on the iChip-the tool that the team used to discover the compound. Teixobactin is a fish; the iChip is the rod. Having the rod guarantees that we'll get more fish-and we desperately need more.
2. Qantas rated as ‘World’s Safest Airline for 2015.
AirlineRatings.com, the world’s only safety and product rating website, which was launched in June 2013, has announced its top ten safest airlines and top ten safest low cost airlines for 2015 from the 449 it monitors. Top of the list again is Qantas which has a fatality free record in the jet era. Making up the remainder of the top ten in alphabetical order are: Air New Zealand, British Airways, Cathay Pacific Airways, , Emirates, Etihad Airways, EVA Air, Finnair, Lufthansa and Singapore Airlines.
3. India home to 2,00,000 refugees in first half of 2014: UNHCR.
India was home to over 2,00,000 refugees in the first six months of 2014, a period that saw over 5.5 million people displaced worldwide mainly due to war and violence across large swathes of the Middle East and Africa. The U.N. Refugee Agency (UNHCR) in its new Mid-Year Trends 2014 report said of the 5.5 million who were newly displaced, 1.4 million fled across international borders becoming refugees, while the rest were displaced within their own countries.
