Cheat Sheet

  • Sensex Surges Nearly 250 Points, Nifty Hits 10,100: 10 Points
    Indian stocks markets continued their record run today, with Sensex advancing nearly 250 points to 32,633 and Nifty rising to 10,101 at day's high. The latest political development in Bihar and a global rally boosted domestic sentiments. Nitish Kumar took oath as Bihar Chief Minister for the sixth time today, ending his two-year-old alliance with Lalu Yadav and the Congress. He is back with the BJP, whose Sushil Modi was also sworn in; he gets his old post of Deputy Chief Minister back. The rupee also rose to 64.07 against the US dollar. Yes Bank extended gains after posting better-than-expected earnings. Yes Bank rose 4.6 per cent today after surging nearly 6 per cent on Wednesday. HCL Tech, which announced better-than-expected earnings earlier in the day, also gained over 3 per cent.
  • Tejashwi Yadav Meets Governor, Fails To Stop Swearing-In: 10 Points
    Nitish Kumar in a shock move, quit as Chief Minister of Bihar on Wednesday evening. He said the approach of his allies, Lalu and Tejashwi Yadav, to a CBI case of corruption filed against them earlier this month, made it untenable for him to remain in partnership with them. Within hours the BJP offered support to Mr Kumar, and they have staked claim to form a new government. The oath ceremony will be held at 10 am. Tejashwi Yadav -- who as the leader of the largest party in Bihar said he would stake claim -- met the Governor in a bid to defer the oath ceremony, but drew a blank.
  • On Jyotiraditya Scindia Row, Speaker's Emotional Comment In Parliament: 10 Points
    Lok Sabha Speaker Sumitra Mahajan today took some moments in parliament to clarify that a controversy involving Congress leader Jyotiraditya Scindia - in which he has demanded a public apology from two BJP parliamentarians - was the result of a mistake by her office. Mr Scindia, a Congress MP from Madhya Pradesh, has accused the BJP's Virender Kumar and Manohar Utwal of defamation over the allegation that a hospital building was "purified" with holy water from the river Ganga before his visit.
  • PM Narendra Modi Announces 500 Crore For Flood-Hit Gujarat, Conducts Aerial Survey: 10 Points
    Prime Minister Narendra Modi, who conducted an aerial survey of the flood-affected areas of Gujarat on Tuesday evening, has announced an interim relief of Rs 500 crore. The central government, after a detailed survey has been conducted, will give whatever is additionally required, the PM said in a statement after reviewing the situation. "Everything possible will be done to help the farmers who suffer immensely due to floods," PM Modi said. Around 33,000 people have been evacuated over the last 24 hours in Gujarat. The floods have hit the north and central parts of the state.
  • PM Modi To Make Aerial Survey Of Flood-Hit Gujarat Today: 10 Points
    Prime Minister Narendra Modi will take an aerial survey of flood-affected areas of Gujarat this afternoon a day after nearly 25,000 people were evacuated to safety from the inundated areas in the north and central parts of the state. A high alert has been issued in Gujarat and Rajasthan after the Met office has forecast heavy rain in the next four days. In Rajasthan, where two people have died in floods, Air Force choppers were conducting sorties of the affected areas and other aircraft are kept on stand-by. Schools have been shut in Jodhpur, Sirohi and Jalore, the worst-hit parts of the state. The National Disaster Response Force and other rescue agencies are working round-the-clock to evacuate people from flooded areas.
  • 10,000 Is Here, Nifty Hits Historic Mark For First Time: 10 Points
    The Nifty hit the historic 10,000 mark today, propelling Indian stock markets to yet another high this year. The Nifty has gained over 22 per cent this year, making it one of the world's top performers in 2017. Nifty was created in 1996 with a base value of 1,000. In other words, if you had invested Rs 1,000 in Nifty in 1996, it would have become Rs 10,000 today. Or to put it simply, your money would have doubled in every six years. The Nifty hit 10,011 at day's high while the Sensex rose around 100 points. However, profit-taking surfaced at higher levels and markets ended flat. The Nifty closed 1.85 points lower at 9,964.55 while the BSE benchmark Sensex settled 17.6 points or 0.05 per cent lower at 32,228.27.
  • President Pranab Mukherjee's 5-Year Tenure In 10 Points
    President Pranab Mukherjee, who hands over the country's highest post to Ram Nath Kovind on Tuesday, addressed the nation for the last time this evening. Over the last week, the 81-year-old has attended a series of farewell ceremonies - the last one today was a lunch at the Supreme Court by the Chief Justice of India and the other judges. Yesterday evening, he attended a ceremony in Parliament's Central Hall, where all the lawmakers and Prime Minister Narendra Modi gathered to meet him.
  • 25,000 Evacuated As Heavy Rains Batter Gujarat: 10 Updates
    Around 25,000 people have been evacuated to safety across Gujarat after several districts in the north and central parts of the state were flooded following heavy rains. A high alert has been sounded as more than 20 highways of the state got submerged. Waterlogging on tracks forced the Delhi-bound Rajdhani Express to return to Ahmedabad from Mehsana. While teams of National Disaster Response Force, and other rescue agencies are at work, the Air Force has been kept on stand-by to evacuate people. On Monday evening, more rescue workers were sent into the affected areas. Heavy rains are expected till July 29.
  • Top 5 Quotes of President Pranab Mukherjee's Farewell Address To Nation
    Days away from demiting office, President Pranab Mukherjee, in his farewell address to the nation today, said he was "overwhelmed by a deep sense of gratitude" for people's trust and faith in him. As the guardian of the constitution, he said he had been aware of his responsibility for "each day of these five years". "How successful I was in discharging my responsibilities will be judged, over time, by the critical lens of history," he said. The President will hand over the charge of the nation's highest office to his successor Ram Nath Kovind on Tuesday.
  • Great Responsibility, Says Ram Nath Kovind, New President Of India: 10 Points
    Ram Nath Kovind, lawyer, former MP and governor, was elected India's next President on Thursday. The government-backed candidate, a Dalit leader, won nearly 66 per cent of the votes cast by an electoral college of MPs and state lawmakers on Monday. He will be sworn in on July 25. "I realise it is a great responsibility," the 71-year-old said at his home in Delhi, where a crowd burst crackers and distributed sweets in celebration. Though he won by a comfortable margin, his rival Meira Kumar ended up with the best haul for an opposition candidate in recent times.
  • Right To Privacy Is Not Absolute, Observes Supreme Court Judge: 10 Points
    The right to privacy is not absolute and cannot be catalogued as it includes everything, a Supreme Court judge said on Wednesday. A nine-judge bench is revisiting the question of privacy 55 years after the Supreme Court decided that it is not a basic right for citizens. The decision of the judges is pivotal to petitions that challenge making the Aadhaar scheme mandatory for millions of Indians.
  • Venkaiah Naidu: 10 Facts About NDA Candidate For Vice President
    M Venkaiah Naidu, 68, was picked today as the BJP's candidate for Vice President -- a post he is almost certain to occupy. Like NDA's Presidential candidate Ram Nath Kovind, Mr Naidu comes from a humble background. In a tweet, Prime Minister Narendra Modi said, "A farmer's son, M VenkaiahNaidu Garu brings years of experience in public life and is admired across the political spectrum". But while Governor Kovind is almost a political unknown, Mr Naidu - a two-time Union minister and four-time Rajya Sabha member - enjoys cordial relations with colleagues across party lines. He is known to be jovial, has a talent for acronyms and is a good orator.
  • Red Alert In Odisha After Heavy Rain, Several States Inundated: 10 Points
    A red alert has been sounded in Odisha for the next 24 hours after the extremely heavy rainfall led to floods in the state. Swollen Nagavali and Kalyani rivers have inundated Kalahandi and Rayagada districts. Yesterday, the Odisha government sought the help of the army and the air force to rescue the stranded and requested the Centre to provide IAF choppers to intensify relief and rescue operations. Rain fury continued across the country claiming nine lives in Gujarat, while in Assam the death toll touched 60 though the flood situation has eased.
  • Presidential Election 2017: Top 5 Interesting Facts
    A former Bihar governor known for an unflinching sense of justice and the first woman in India to hold the post of Lok Sabha speaker, both Dalits. The stage is set for a battle between National Democratic Alliance's presidential nominee Ram Nath Kovind and opposition's candidate Meira Kumar. Although, the endgame of the polls is seemingly predictable, it is undoubtedly going to be an interesting one.
  • Parliament's Monsoon Session Starts Today: 10-Point Guide
    Stormy debates on cow vigilantism, farmers' protests, the Kashmir unrest, corruption charges against opposition leaders and India's stand-off with China are expected to dominate the discourse of the Parliament in the Monsoon Session that begins today. The Lok Sabha as well as the Rajya Sabha will be adjourned today due to the death of sitting members of both the Houses and proceedings are expected from Tuesday. The session is slated to conclude on August 11. Members of the Parliament will vote for the Presidential Election today to decide on a contest between Ram Nath Kovind and Meira Kumar.

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