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1. Developments in the Telecom Industry
The Reliance Group witnessed a few turbulent times in 2019. Mukesh Ambani had to step into save his younger brother Anil from going to jail for not paying the Swedish Equipment major Ericsson. Mukesh had agreed to help Anil after their mother, Kokilaben, requested him to do so.
Mukesh Ambani, Kokilaben Ambani, Anil Ambani
Read: Kokilaben got Mukesh Ambani to bail out Anil
Bharat Sanchar Nigam Limited (BSNL) paid its employees their salary due for the month of October only by the month of December!
Read: BSNL pays October salary in December
2. Top stories from the world of information technology
BusinessLine’s exclusive article on how Airtel Digital TV subscribers could select channels or channel bouquets as per their desires had topped the charts! The directive on allowing a la carte subscription was issued by the Telecom Regulatory Authority of India (TRAI).
Read: Airtel Digital TV: How to select channels you want
India’s second largest IT company, Infosys, faced many tough moments this year.
The case involving a whistleblower group, Ethical Employees, made headlines across the country. This group had allegedly complained to the US Securities and Exchange Commission and the Infosys Board that the company’s Chief Executive Officer (CEO), Salil Parekh, was indulging in “unethical practices” to boost short-term revenues and profits.
Read: The detailed story on the Infosys whistleblower case
The Samsung Galaxy Fold 5G phone is presented at the hall of Samsung at the IFA consumer tech fair in Berlin, Germany, September 6, 2019. REUTERS/Hannibal Hanschke
The Samsung Galaxy Fold had drawn the attention of android fans across the globe.
Costing Rs 1.6 lakh, this phone is said to be ideal for those who love to multi-task. It has 12 GB RAM and an internal storage of 512 GB.
Read: The Samsung Galaxy Fold: First impressions
3. A look at the PMC scam and the EPF
The Reserve Bank of India (RBI) had directed put the Mumbai-based Punjab and Maharashtra Co-operative Bank (PMC Bank) under certain directions for six months from the close of business of the bank on September 23, 2019. One of the directions were that the bank’s depositors would be allowed to withdraw a sum not exceeding Rs 1,000 of the total balance in every savings bank account or current account or any other deposit account by whatever name called.
BusinessLine’s article on Employee Provident Funds (EPF) had thrown light on the changes that are likely to impact the salaried citizen today. Moreover, it presents an in-depth analysis of the EPF, its features, as well as its position vis-à-vis other investment options.
4. Beed, Lok Sabha elections, Citizenship Bill and more
The Lok Sabha elections in the year 2019 saw the return of Narendra Modi as the Prime Minister. Amit Shah, Rajnath Singh and Nirmala Sitharaman were made the Home Minister, Defence Minister and Finance Minister respectively.
Read: India votes: Lok Sabha elections 2019
Months after the Lok Sabha polls, Maharashtra went to the polls. The State soon saw Shiv Sena leader, Uddhav Thackeray, being appointed as the Chief Minister. This came a few weeks after the Presidents’ rule was retracted from the State.
Read: Uncertainty looms over future of new Maharashtra government
The Indian Parliament introduced the Citizenship (Amendment) Act, 2019, which provides a path to Indian citizenship for Hindu, Sikh, Buddhist, Jain, Parsi, and Christian religious minorities fleeing persecution from Pakistan, Bangladesh and Afghanistan.
Read: Rajya Sabha passes Citizenship Bill; Muslims in India are safe, says Amit Shah
On October 31, 2019, the State of Jammu and Kashmir had ceased to exit upon the abrogation of Article 370 and Article 35a of the Indian constitution. The articles were abrogated on August 5, 2019. Now, the State has been divided into the two Union Territories – Jammu and Kashmir and Ladakh.
Read: Explainer: What is Article 370?
The story about the hysterectomies of women living in a village situated in Maharashtra’s Beed district, had caught the attention of international media as well as many women welfare organisations. Written by BusinessLine ’s senior journalist, Radheshyam Jadhav, the story revolves around women who work in sugar cane farms of the district.
Banana plants wither on a farm at Rohital village in the Beed district of Maharashtra’s Marathwada region due to a drought
Read: Why many women in Maharashtra’s Beed district have no wombs
Earlier, this year, the Unique Identification Authority of India (UIDAI) had started re-printing Aadhaar cards on a pilot basis. This move - getting the Aadhaar card directly from UIDIAI – was aimed to help people looking for Aadhaar reprint centres.
Find out how to print your Aadhar card officially
5. Jet Airways crisis, Karvy Stock Broking, V G Siddhartha
In the world of markets, Karvy Stock Broking (KSBL) has been banned by SEBI for client defaults worth around Rs 2,000 crore making it one of the India’s largest cases of equity broker default. In an ex-parte interim order, SEBI banned Karvy from not only taking new clients but also from executing trades for current.
Karvy Stock Broking: The story
Commercial airline, Jet Airways, was grounded in the April after it was unable to repay its debts. The move was rather sudden and had taken the employees by surprise.
Learn more about the Jet Airways crisis
The death of VG Siddhartha, the founder of Coffee Day Enterprises had an impact on the industry at large. The incident also saw a fall in the company’s shares prices.
VG Siddhartha, the founder of India's largest coffee chain Cafe Coffee Day. File Photo
Read: Autopsy report confirms VG Siddartha’s death was suicide
6. Stories about the Indian economy
Finance Minister Nirmala Sitharaman
Finance Minister Nirmala Sitharaman
Union Finance Minister, Nirmala Sitharaman, had introduced a range of financial reforms (aka the Stimulus package), which included certain changes in the taxation system like those related to corporate taxes .
More about the financial reforms introduced by Nirmala’s Sitharaman
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