Cuba's Fidel Castro: A timeline

November 26, 2016

Cuban revolutionary Fidel Castro passed away on Saturday. Here is a look at his life and work in Cuba.

CubaBIRTH DATE: Officially listed as Aug. 13, 1926, in Cuba's Oriente province, although some say Castro was born a year later.

TITLES: Former president of Council of State and Council of Ministers, first secretary of Communist Party of Cuba, commander in chief of Cuba's Revolutionary Armed Forces. Before resigning Feb. 19, 2008, he was the world's longest-ruling head of government, and leader of one of world's last five communist states. Had been off public stage for year and half after provisionally ceding power to his brother Raul following emergency intestinal surgery.

EDUCATION: Attended Roman Catholic schools and University of Havana, where he earned law and social science degrees.

FAMILY: Married Mirta Diaz-Balart in 1948; son, Fidel Felix Castro Diaz-Balart, born in 1949; divorced in 1955. Although Castro never confirmed remarrying, reportedly wed former schoolteacher Dalia Soto del Valle and had five sons. Also reportedly had several other children out of wedlock.

QUOTE: “Homeland or death! Socialism or death! We shall overcome!”

July 26, 1953: Launched his revolutionary fight by attacking military barracks in eastern city of Santiago. Was arrested, later freed under amnesty deal. Travelled to Mexico to form a rebel army, and returned to Cuba with followers aboard small yacht. Most were killed or captured, but Castro and a small group escaped into eastern mountain strongholds

Jan. 1, 1959 Castro's rebels take power as dictator Fulgencio Batista flees Cuba.

June 1960 Cuba nationalises U.S.-owned oil refineries after they refuse to process Soviet oil. Nearly all other U.S. businesses expropriated by October.

October 1960 Washington bans exports to Cuba, other than food and medicine.

April 16, 1961 Castro declares Cuba socialist state.

April 17, 1961 Bay of Pigs: CIA-backed Cuban exiles stage failed invasion.

Feb, 7, 1962 Washington bans all Cuban imports.

October 1962 U.S. blockade forces removal of Soviet nuclear missiles from Cuba. U.S. President John F. Kennedy agrees privately not to invade Cuba.

March 1968 Castro's government takes over almost all private businesses.

April 1980 Mariel boatlift: Cuba says anyone can leave; some 125,000 Cubans flee.

December 1991 Collapse of Soviet Union devastates Cuban economy.

August 1994 Castro declares he will not stop Cubans trying to leave; some 40,000 take to sea heading for United States.

March 18, 2003 75 Cuban dissidents sentenced to prison.

July 31, 2006 Castro announces has had operation, temporarily cedes power to brother Raul.

Feb. 19, 2008 Castro resigns as president.

July 2010 Castro re-emerges after years in seclusion, visiting a scientific institute, giving a TV interview, talking to academics and even taking in a dolphin show at the aquarium.

April 19, 2011 Castro is replaced by his brother Raul as first secretary of the Communist Party, the last official post he held. The elder Castro made a brief appearance at the Congress, looking frail as a young aide guided him to his seat.

April 19, 2016 Castro delivers a valedictory speech at the Communist Party's seventh Congress, declaring that “soon I'll be like all the others. The time will come for all of us, but the ideas of the Cuban Communists will remain.”

November 25, 2016 Fidel Castro dies

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Agencies
June 12,2020

Mumbai, Jun 12: Following an overwhelming response for the mega rights issue of Mukesh Ambani-owned Reliance Industries, the partly paid-up rights shares are set to debut on stock exchanges on June 15.

The biggest ever Rs 53,124 crore rights issue was subscribed 1.59 times and received bids worth Rs 84,000 crore on June 3.

Reliance said the rights issue saw a huge investor interest, including from lakhs of small investors and thousands of institutional investors, both Indian and foreign.

In 2019, Ambani said in the Reliance's annual general meeting that the company will be net zero debt by March 2021. The company is on course to achieve its target ahead of the deadline.

"In spite of the COVID-19 crisis and the lockdowns, the due-diligence by Saudi Aramco for the planned investment in the O2C business is on track as both the parties are committed and actively engaged," he said recently.

"With a strong visibility to these equity infusions, Reliance is set to achieve net zero debt status ahead of its own aggressive timeline. We believe rights issue was a part of the company's strategy of deleveraging its balance sheet," said Ambani. 

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Agencies
March 10,2020

New Delhi, Mar 10: Crisis-hit Yes Bank on Tuesday said that it has enabled inward IMPS and NEFT services.

The move allows people to send money from other bank accounts to their Yes Bank account through IMPS (Immediate Payment Service) and NEFT (National Electronic Funds Transfer) mode.

In a tweet, the bank also said that Yes Bank customers can pay their credit card dues and loan obligations from other bank accounts.

"Inward IMPS/NEFT services have now been enabled. You can make payments towards YES BANK Credit Card dues and loan obligations from other bank accounts. Thank you for your co-operation. @RBIA @FinMinIndia," said tweet.

Last week Yes Bank was placed under moratorium and a withdrawal cap of Rs 50,000 was imposed till April 3.

The administrator of Yes Bank, Prashant Kumar and Rajnish Kumar, the Chairman of the State Bank of India are hopeful that moratorium would be lifted within a week.

As per the Reserve Bank of India (RBI) draft reconstruction scheme for the crisis-hit private lender, the SBI will take up 49 per cent in the bank by investing Rs 2,450 crore.

The new board of directors will stand constituted from the appointed date. It will comprise a CEO and MD, non-executive chairman and non-executive directors. The SBI will have nominee directors appointed on the board of the reconstructed bank.

The RBI may appoint additional directors to the board, who shall continue in office for one year, or until an alternate board is constituted by Yes Bank.

The SBI will not reduce its holding below 26 per cent before completion of three years from the date of infusion of the capital.

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Agencies
July 10,2020

In a first, the Supreme Court on Friday allowed the service of summons and notices, a necessity in almost all legal proceedings, through instant messenger like WhatsApp as well as by e-mail and fax.

A bench headed by Chief Justice SA Bobde observed that it has been brought to the notice of the court that it is not feasible to visit post offices for service of notices, summons, and pleadings. The bench also comprising Justices AS Bopanna and R Subhash Reddy observed that notice and summons should be sent through e-mail on the same day along with instant message through WhatsApp and other phone messenger services.

The bench clarified that all methods should be deployed for a valid service on the party. "Two blue ticks would convey that the receiver has seen the notice," noted the bench.

The bench declined the request of the Attorney General for specifically naming WhatsApp as a mode of effectuating service. The top court noted that it would not be practical to specify only WhatsApp. The apex court also permitted RBI to extend the validity of cheques in the backdrop of lockdown to contain the coronavirus outbreak.

Senior advocate V Giri representing RBI informed the bench that he had circulated the note regarding validity of a cheque as directions issued on the previous hearing.

The bench noted that it will be in discretion of the RBI to issue orders which are suitable to alter the validity of the period of a cheque.

During an earlier hearing on the matter on July 7, the Attorney General contended before the top court that the Centre had some reservations in connection with the utilization of mobile applications like WhatsApp and other apps for service of summons. The Centre's top law officer informed the apex court that these apps claimed to be encrypted, and they were not trustworthy.

The RBI counsel had contended before the top court that it was considering clarifying the validity of a cheque which has been reduced to 3 months from 6 months.

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