On this day, 08 May...
1790 - The French National Assembly decided to create a simple, stable, decimal system of measurement units. The earliest metre unit chosen was the length of a pendulum with a half-period of a second. On 30 Mar 1791, after a proposal by the Académie des sciences, the Assembly revised the definition of the metre to be 1/10 000 000 of the distance between the north pole and the equator.
1840 - The first U.S. photographic patent was issued to Alexander S. Wolcott of New York City.
1847 - Robert W. Thomson of Adelphi, Middlesex, England was issued the first U.S. patent for Rubber tyres. His "improvement in carriage wheels" was the application of elastic bearings around the rims of carriage wheels.
1879 - The first U.S. patent for an automobile was filed by George Baldwin Selden of Rochester, N.Y. It was issued almost two decades later, on 5 Nov 1898 for a unique combination of an internal combustion engine and a road vehicle.
1886 - Coca-Cola, the soft drink, was first sold to the public at the soda fountain in Jacob's Pharmacy in Atlanta, Georgia. It was invented by a pharmacist, John Stith Pemberton, who mixed it in a 30-gal. brass kettle hung over a backyard fire. Until 1905, the drink, marketed as a "brain and nerve tonic," contained extracts of cocaine as well as the caffeine-rich kola nut. The name, using two C's from its ingredients, was suggested by his bookkeeper Frank Robinson, whose excellent penmanship provided the first scripted "Coca-Cola" letters as the famous logo.
1933 – Mohandas Gandhi begins a 21-day fast of self-purification and launched a one-year campaign to help the Harijan movement.
1954 - Indian Government decided to integrate Chandranagar in West Bengal which was under the rule of the French.
1959 - Dalai Lama will not be allowed to campaign for Tibetan independence in India. India wants to maintain friendly relations with Communist China.
1962 - The era of the trolleybus in London ended. Just as they replaced London trams from 16 May 1931, they were themselves now being superseded by diesel-fuelled buses as economical alternatives. The trolleybus ran on electricity from overhead lines, had pneumatic tyres and shared the existing road surface with other street traffic. One trolleybus running on the final day was an "A" class trolleybus which had made its first journey for the original London United Tramways.
1996 - The governing Congress party is routed in Indian elections that have left no party with a clear mandate to govern.
1997 - India decides to import currency notes for the first time.
Born
1906 - General PN Thapar, Former Army Chief.
1916 – Chinmayananda Saraswati, spiritual leader and educator.
1965 - Shiny Abraham, athlete. (She has been a National Champion in 800 metres for 14 years. She collected a total of 18 gold and two silver medals from the seven South Asian Federation Meets she has competed).
You may have known...
Mahatma Gandhi who had paid his only visit to Kashmir when visited from 1 to 4 Aug 1947, admired the masses for maintaining exemplary Hindu-Muslim unity at a time when there were dark clouds of strife and observed that he saw “a ray of hope” in Kashmir despite communal frenzy elsewhere on the sub-continent.
Let us keep that hope alive.
Economic News
CBDT notifies Amendments to India-Kuwait Tax Treaty & DTAA b/w the two countries, which Enables Sharing of Information with Other Law Enforcement Agencies
GSTN to rope in Private Entities for Tax Payer Profiling, Fraud Analytics for Checking GST Evasion
Jaypee Promoters Submit Over Rs 10,000 Crore Revival Plan For Jaypee Infratech
Delhi High Court Rejects Centre's Plea & Refuses to Stop Vodafone's UK arbitration saying that the Telecom Major's Tax Arbitration Will Continue Both in the Netherlands and the UK and asked the Government to move to the India-UK BIPA Tribunal
SEBI writes to Govt Urging Tax Parity Between Cash and Derivatives w.r.t. Securities Transaction Tax (STT)
Arbitration Hearings Begin in Cairn India's Challenge to Rs 20,500 Crore Retrospective Tax Demand
India and World Bank Sign USD 200 Million Loan Deal for the National Nutrition Mission (POSHAN Abhiyaan)
Bitcoin Drops to $9300, Cryptocurrency Market Loses $20 Billion Overnight
Rupee Closes at 15-Month Low at 67.14 against US Dollar after Foreign Investors continued to Liquidate their Holdings in Local Equity and Debt Market Amid Surging Crude Oil
ICICI Bank Q4 Profit Drops 50% to Rs 1,020 Crore as Provisions Spike.
US-based BlackRock and Hemendra Kothari-led DSP Group have ended their Mutual Fund (MF) Joint Venture DSP Blackrock Investment Managers, after nearly a decade
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