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Weekly news 27 2

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  • 1. WEEKLY NEWS(27th Sept- 02nd Oct, 2010)
    - Amrit Gill
  • 2. Ayodhya verdict: Disputed land to be divided into 3 parts
    Justice Khan and Agarwal decreed that the 2.7 acre land comprising the disputed site should be divided three equal parts and be given to Sunni Waqf Board, and the party representing ‘Rama LalaVirajman’ ( Ram deity)
    Sunni Wakf Board said it will move the Supreme Court against the Allahabad High Court order dividing the disputed land in Ayodhya among three parties and said they were not going to surrender it.
  • 3. Ford CEO sees zero net debt by 2011- report
    Ford aimed to get back the investment grade rating that it lost in 2005 in 2012, or by the end of 2011, the Wall Street Journal said in August, citing people familiar with the situation. Ford cut its automotive debt by $7 billion in second quarter and ended the quarter with $27.3billion of automotive debt.
    Ford’s plan to solidly profitable this year with a positive cash flow from and said the group would do even better in 2011.
  • 4. Ford, the only large U.S. automaker to avoid bankruptcy last year , borrowed more than $ 23 billion in late 2006, putting up nearly all of its remaining assets, including the familiar blue oval logo to maintain a cash cushion for its turnaround.
  • 5. Commonwealth Games: It’s our sporting glory
    Going by past records, when hosted the first in 1951, followed by the 9th Asian Games in 1982, the Commonwealth Games 2010 are speculated to have far-reaching consequences not just for the sports in the country, but also in the fields of economy, tourism, transport and culture.
    The 2010 is expected to give Indian sports the much needed shot in the arm, similar to the impetus it has received after hosting the Asian Games in 1982 when it finished with an impressive 57- metal tally. When women’s hockey debuted in the 1982 Asian Games, India had the distinction of winning the first gold metal. P.T. Usha’s success saga also has its origins in the 1982.
  • 6. Govt not able to access BlackBerry messaging
    Blackberry’s Canadian maker RIM has said it does not have a key to offer to Indian security agencies that would help decode emails.
    As part of its broader electronic security crackdown, the Indian Government also plans to send notices to Google and Skype to set up servers in India and allow full monitoring of communication.
  • 7. Thank You

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