Top News This Week

1.More on the Coalgate fiasco


Enough has been said about the coal misallocation and mismanagement of PM Manmohan Singh in thr 2005-2009 period when he served as coal minister. He decided to speak on the issue and silence his critics.

The PM has said that the allegations by the CAG report are without the support of facts and that they are highly untrue.

The PM planned to read his 32 point statement defending himself and his term as the former coal minister however he was not allowed to finish as opposition leaders created yet another ruckus.

Meanwhile, the CBI has entered the picture and has filed FIRs on leading government officials as well as corporate houses. The CBI has confirmed that they will search for irregularities in the coal allocation case in 10 major cities of the country.

The companies include Vinni Iron and Steel, Nav Bharat Steel, JLD Yavatmal, JAS Infrastructure and AMR Iron and Steel.

2.Death for Kasab, says Supreme Court


Finally some relief for the billion Indians who were waiting for justice to prevail over the 26/11 Mumbai terror attacks.

The Supreme court has confirmed a death sentence to Ajmal Kasab, the prime accused in the Mumbai terror attack for waging war against Indian and mercilessly killing innocent people. This was affirmed by the Bombay High Court.

The historical judgment was around 400 pages long and was announced early today.

Justices Aftab Alam and C.K. Prasad confirmed the news and said that justice has prevailed as the conspiracy, acted out by Ajmal Kasab and fellow-men, was an intentional war of terror against the government and people of India.

Kasab argued that he had not received a fair trial right from the beginning of the trial. However, his appeal was over ruled in favor of senior counsel for Maharashtra Gopal Subramanium who argued otherwise.

The Bench also said that this was a rare crime involving explosives, hostages and bloodshed and so it deserved a punishment as severe as this.

3.India shines at Paralympics


India has just digested its best ever performance at the Olympics and there’s more medals coming our way, this time from the Paralympics.

India won its first medal at the Paralympics and it is silver.

Girisha Nagarajegowda made India proud by winning a silver in the men’s high jump event in London.

Girisha, who is 24 years of age, jumped a good 1.74 meters in the final. His performance was applauded by Indians and foreigners alike.

Not long ago, the Indian Paralympic coaches were criticized for leaving their athletes uncared for at the Games Village and enjoying the tourist destinations.

However, the Karnataka boy rose to the occasion and performed like a dream.

The gold in the event was won by Iliesa Delana of Fiji. Nevertheless, Nagarajegowda, became the first Indian to win a Paralympic medal in this event.

Nagarajegowda suffers from a leg impairment, but his performance has helped India better their last Paralympic performance in Beijing where they did not win a single medal.

The Indian contingent includes ten athletes including the silver medalist. Here’s hoping India shines in the sporting event and brings back more medals.

4. Amazon unwraps larger kindle fire, takes on Apple


The world’s largest Internet retailer, which got into the market last year with a tablet roughly half the price of the iPad, will begin selling on Nov 20 an 8.9-inch version with a high-definition screen, that works off fourth-generation or 4G wireless broadband.

Called the Kindle Fire HD, its price tag matches the current-generation WiFi-only iPad but its 1920 by 1200 resolution screen lags Apple’s so-called “retina” display. At 8.9 inches, it is also smaller.

“Their first Kindle Fire tablet was a device that said ‘See, we can tie all this together,” but it wasn’t a strong enough device,” said Forrester Research analyst James McQuivey.

“Now they’ve really come ready to show that their device line-up is going to be as good as their service line-up. They’re tying those two things together, and at a price that is very very hard to compete with. It’s going to push everybody’s else’s price buttons — including Apple’s.”

Amazon’s volley of products on Thursday comes as technology giants prepare to take the wraps off a slew of new mobile devices. Apple is expected to unveil the iPhone 5 next week, and Microsoft and Nokia launched their power powerful Windows phone on Wednesday.

5. China’s Lenovo to buy Brazilian electronics firm CCE


China’s Lenovo Group Ltd agreed on Wednesday to buy Brazilian electronics maker CCE, as the world’s No. 2 PC maker by sales bets that Brazil’s promising consumer market can help revive its slowing profit growth.

The deal, announced in a securities filing, is valued at a base price of 300 million reais ($148 million), subject to adjustments. Payment, in a mix of stock and cash, could include an additional 400 million reais, depending on performance-based indicators over the four years ending in December 2016.

“Brazil has a positive growth rate (for PCs) even in the current relatively volatile environment,” Lenovo chief financial officer Waiming Wong told in an interview. “If we really go for the high growth market, the big market, Brazil is obviously the candidate.”

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