1- Iconic watch brands HMT Watches and HMT Chinar Watches – both subsidiaries of HMT Ltd – soon to go out of existence.
The company, incurring losses since 2000, posted the net loss of Rs 242.47 crore just for 2012-13.
The company was established in 1961 in collaboration with Japan’s Citizen Watch.
2- Government clears disinvestment in 3 CPSEs namely Coal India Limited (CIL), Oil and Natural Gas Company (ONGC) and National Hydro Power Corporation (NHPC). Cente is going to generate close to Rs 43,000 crore from the sale of its stake in these 3 CPSEs.
Rs 23,000 Crore from liquidation of 10% stake in CIL
Rs 18,000 Crore from 5% in ONGC
Rs 2,800 Crore from 11.36% in NHPC
3- Union government clears Phase-V of the Unique Identification (UID) scheme for undertaking enrolments in the four States of Uttar Pradesh, Bihar, Chhattisgarh and Uttarakhand. Over 67 crore Aadhaar numbers have been allotted by the UIDAI since its inception in August 2010. The phase-V aims to take this tally to over a billion by 2015.
4- Torn between Billiards and Snooker; Pankaj Advani to quit the latter, He will retire from professional snooker after the conclusion of Indian Snooker Open 2014 to be held in Pune from September 19-24.
5- Centre approves 28 rural road projects in Leh (6) and Kargil (22) districts of Jammu and Kashmir under the Pradhan Mantri Gram Sadak Yojna (PMGSY). The proposed 350-km road network is expected to cost Rs. 438 crores.
6- Subhash Chandra Garg is appointed as Executive Director (ED) in World Bank for a 3-year term.
7- Kamal Bawa, noted scientist and green-activist, is one of the three recipients of 3rd biennial Midori Prize for biodiversity 2014. He has bagged the honour for his pioneering research, including the one on climate change in the Himalayas.
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