Sunday 18 November 2012

Daily News - 18 Nov

Chinese Film, 11 Flowers won NETPAC Award at Kolkata Film Festival

The Chinese film, 11 Flowers on 17 November 2012 won the Network for the Promotion of Asian Cinema (NETPAC) Award at 18th Kolkata International Film Festival. The film won the best film award in Asian Select category-the only competitive category in Kolkata International Film Festival. A total of 13 films from 12 12 Asian Countries were selected to compete for the award of this category.
The film directed by the acclaimed filmmaker Wang Xiaoshuai describes the backdrop of the Cultural Revolution in form of a semi-autobiographical story of the rural Guizhou Province. Wang Jinchun and Wenqing Liu are the lead stars of the film.
The NETPAC award is now a part of 44 film festivals of 28 different countries across five continents.

The Coal Ministry issued Order for Deduction of Bank Guarantees and de-allocation of Coal Blocks

The Coal Ministry of India on 17 November 2012 issued orders for deduction of bank guarantees of the D B Power and decided on de-allocation of some coal blocks following a decision made by an Inter Ministerial Group.

The Inter ministerial Group after its decision recommended a deduction of the bank guarantee of D B Power to an extent of 5.1 crore rupees. The calculated bank guarantee of the coal controller is to be deducted and deposited with the government.

 
US Lifted the Ban Imposed on Imports from Myanmar, before President Obama’s Visit to the Nati

The decade old ban on most of the imports from Myanmar in the third week of November was scrapped by the United States. The step of scrapping the bans on import of most of the products from Myanmar came ahead of the landmark visit of the U.S. President Barack Obama scheduled on 20 November 2012 to the long isolated nation. With this visit to Myanmar, Obama would turn-up to be the first sitting President of U.S. to visit the country.
The ban would still be in existence, on the import of Gems from the country as gems remained a cause for the long race of violence and corruption in m Myanmar.
The ban on imports from Myanmar was imposed in 2003 by the U.S. Congress and this scrapping of the ban by world’s largest economy may bring back a huge growth in the Garment industry of Myanmar, as U.S. at a point of time remained one of the largest buyers of cloths from Myanmar.
Before this step of U.S. nations like Canada, Australia and the European Union had already suspended virtually all types of sanctions from Myanmar. Japan has forgiven a 3.8 billion dollar debt waiver on the country.

Tulsi Govinda Baruah, the Assam Tribune’s Chairperson died
Tulsi Govinda Baruah, the Chairman of Assam Tribune Group of Newspapers died on 17 November 2012 at his residence in Rajgarh. The 87 year old is now survived by his wife a daughter and two sons.
About Tulsi Govinda Baruah :
Tulsi Govinda Baruah was born in Dibrugarh town of Assam, on 29 July 1925. His father R.G. Baruah was the first Mayor and architect of modern Guwahati and he ran the English daily newspaper, The Assam Tribune. Tulsi Govinda Baruah started working in the newspaper in 1942 and rose to its group Chairperson’s position in the year 1985. The group also publishes monthly literary journal Gariyoshi along with the Assamese daily Dainik Asam, a weekly Asam Bani. 

General Motors decided to expand its Production Capacity at Halol Plant
The General Motors on 17 November 2012 announced its plans of expanding its annual commissioning capacity at Hallo Plant in Gujarat to 1.10 lakh units per year. The Halol Plant at present has an annual production capacity of 85000 units.
The expansion plan came into force because the company is geared to launch a new eight-seater multi-purpose vehicle (MPV) from its Shanghai Automotive Industries Corp (SAIC) platform. General Motors in the recent past raised its stake as a shareholder in the equal joint venture with SAIC to 91 percent and regained its complete control over the corporation.
The company in 2011 sold 111510 units and by October 2012, the Company has already sold about 78100 units in India. In Gujarat the General Motors sold 11500 units in 2011 and it’s expected that by the year ends, it would be successful in sailing 10000 in the state.

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