On this day, 17 May...
Note: 17 May is World Information Society Day, (proclaimed by the United Nations).
1620 - 1st merry-go-round seen at a fair (Philippapolis, Turkey).
1839 - A water wheel was patented by Lorenzo Adkins.
1498 - Admiral Dom Vasco-da-Gama, Portuguese navigator, arrived in India. He sailed around the Cape of Good Hope to Calicut, Kerala with three vessels and was the first Westerner to sail to India from Europe. (17 or 20 May?).
1890 - Comic Cuts, the first British weekly comic paper, was published in London by Alfred Northcliffe.
1949 - India decided with only one dissent vote to remain within the Commonwealth of Nations.
1957 - Nehru, who went to Ceylon to celebrate the 2,500th anniversary of the founding of Buddhism, calls for an end to nuclear tests.
1993 - Visiting Israeli Foreign Minister Shimon Peres signs an MOU with his Indian counterpart to end nearly 4 decades of inactivity in bilateral relation.
2014 - African leaders meet in Paris to discuss ways to fight Boko Haram, the Islamist group that kidnapped more than 200 schoolgirls over a month ago in Nigeria; the country's president, Goodluck Jonathan, has been seen as slow to respond to the situation
Born
1945 – B. S. Chandrasekhar, cricketer and leg-spinner, he is considered as one of the best bowlers in the world. He had a lethal bowling action, despite his polio-affected right arm.
1951 - Pankaj Udhas, singer.
RIP
2009 – Prakash Mehra, film director, and producer known for his blockbuster Hindi films. He was one of the pioneers of masala films. He produced many box office blockbusters and classics, due to which Mehra was considered among the 'Golden Directors' of his time.
2014 – C. P. Krishnan Nair, businessman, founded The Leela Palaces, Hotels and Resorts.
Titbits
1980 - V. S. Kumar Anandan sets record of balancing on one foot for continuous 33 hrs.
You may have known...
The hands and feet together make up more than half the bones in the human body.
Economic News
ICICI-Videocon Loan Case: Income Tax Department Questions Videocon Group Promoter Venugopal Dhoot
PNB fraud: CBI Files Supplementary Chargesheet Against Mehul Choksi and his Gitanjali Group Companies in connection with PNB Scam
In a setback to Google India, ITAT upheld the tax demand that Google India Should Pay Tax on Advertisement Revenue Sent to Parent Company, Google Ireland Ltd
The Confederation of All India Traders (CAIT) Will Challenge Walmart-Flipkart Deal
Nirav Modi Scam: USA New York Court Called for an Investigation into the Role of PNB Employees in the Alleged Fraud involving Nirav Modi, before deciding on Bankruptcy Proceedings Against 3 US-Based Companies of the Diamond Jeweller
SC asks Jaypee to Deposit Rs 1,000 Crore More by June 15 for Refund to Homebuyers
SC Orders Auction Process of Sahara’s Aamby Valley Property to Continue as it has failed to deposit Rs 750 Crore in the SEBI-Sahara Refund Account
CBI Arrests Senior ONGC Official, DGM A.K Singh in Assam for Accepting Bribe of Rs 2 Lakh from an Individual for Clearing His Bill
Exports Rise 5.17% YoY to USD 25.9 Bn in Apr; Trade Deficit Up at USD 13.7 Bn. Imports during the month were valued at USD 39.6 billion, up 4.6% over April 2017
Sundaram Mutual Fund seeks SEBI’s Approval for Launching Sundaram Services Fund which will invest at least 80% of its Corpus in Equity and Equity-Related Instruments of Services Sector Companies and Rest up to 20% in Fixed Income and Money Market Instruments
Atal Pension Yojana(APY) since its launch in May 2015 Crosses 1 Crore Subscribers in 3 years.
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