Dear all,
Welcome.
Welcome.
Insider trading: SEBI had taken stern action against Insider trading. It had fined Reliance Petroinvestments Ltd (RPIL) for around 11 crores INR. It is an associate co. of RIL.
During 2007, RPIL had violated rules for insider trading and earned profit amounting 3.82 crores INR. IPCL was bought by RIL. It had been a listed co. for some time. As a promoter, RPIL knew about its(IPCL) merger with RIL. Based upon it, few tradings had been done from Feb.22, 2007 uptil March 8, 2008. Also, Ambani's aide Modi & his wife had been acquitted (freed) of charges. Earlier, it had applied for settlement which was rejected.
SEBI/Sahara: Supreme Court had put a stay upon Securities Appellate Tribunal (SAT) & Allahabad High Court's petition on Sahara group companies. A two member bench had stated that it would continue uptil the case of return of investors money is completed.
The SEBI had petitioned for transfer of these petitions before the Supreme Court. The Apex Court had asked Sahara group to file a reply. The regulator had asked for Contempt of Court proceedings against the Sahara group for non-return of investors money. The SEBI's lawyer had stated that the apex court had given its order on Aug 31, 2012 for return of investors 24,000 crores INR. It responsibility for implementation lies with SEBI. When SEBI had ordered for confiscation of property, the Sahara group's lawyer had stated that Contempt of Court charges could not be made against the Sahara group. Neither Sahara group had returned the money nor handed over any document in this regard within the fixed time. If the group had sold its property, claims in this regard could be verified. Sahara had filed petitions in Allahabad Court and SAT.
Secondly, Sahara group had stated that no Contempt had been done directly & thus, Court could not consider the charges. Also, the Sahara group Officials had asked unconditional pardon too. Sahara group's lawyer had asked as to under which act, SEBI is asking for transfer of petitions made before SAT & HC to Supreme Court. The petitioners are those who are neither party nor any relief is sought for. The next hearing is scheduled on Wednesday.
The SEBI had petitioned for transfer of these petitions before the Supreme Court. The Apex Court had asked Sahara group to file a reply. The regulator had asked for Contempt of Court proceedings against the Sahara group for non-return of investors money. The SEBI's lawyer had stated that the apex court had given its order on Aug 31, 2012 for return of investors 24,000 crores INR. It responsibility for implementation lies with SEBI. When SEBI had ordered for confiscation of property, the Sahara group's lawyer had stated that Contempt of Court charges could not be made against the Sahara group. Neither Sahara group had returned the money nor handed over any document in this regard within the fixed time. If the group had sold its property, claims in this regard could be verified. Sahara had filed petitions in Allahabad Court and SAT.
Secondly, Sahara group had stated that no Contempt had been done directly & thus, Court could not consider the charges. Also, the Sahara group Officials had asked unconditional pardon too. Sahara group's lawyer had asked as to under which act, SEBI is asking for transfer of petitions made before SAT & HC to Supreme Court. The petitioners are those who are neither party nor any relief is sought for. The next hearing is scheduled on Wednesday.
Modi brand: Gujarat CM, Modi, had attacked Central govt. stating that the people are a threat to country's federal structure. He was speaking at an Indian Business Council meeting. After completion of his election campaigning in South Indian State, he stated that despite lack of Coal in Gujarat State, it is fore runner in Electricity production whereas the entire country is drowned in Coal gate scam. Even he suspected of Supreme Court getting inflicted due to it. He stated that Constitutional bodies are devaluated.
Further, he told that public outcry is surfacing via. social web sites like Facebook, twitter, etc. He told that if Gujarat could develop, country could also do so if proper direction is provided.
Further, he told that public outcry is surfacing via. social web sites like Facebook, twitter, etc. He told that if Gujarat could develop, country could also do so if proper direction is provided.
With regards,
M.K.Pachraiya
Original_app_mssg(1) Foreign Policy list
Original_app_mssg(1) Foreign Policy list
Indian PM & UPA chief, Sonia, had been included in sixteen Indians who had been included in earth's 500 most powerful people. Besides, P.Chidambaram, Defence Minister, Antony, Foreign minister, Khurshid etc and Baba Ramdev & Sri Sri Ravishankar are included. Also included are Opposition leader, Swaraj, NSA menon, & RAW head, Joshi. Apart from them, industrialist Mukesh Ambani, L.N.Mittal, & Delhi CM are also included.
Original_app_mssg(2) Street Vendors
Due to the general election nearing up, the govt. had included Street Vendors, too, in the list. Around 1 crore vendors Security & livelihood related bill had been approved on the May Day. This would benefit four lakhs vendor. Presently, there are 55,000 licensed vendors. Remaining three lakhs are subject to Police atrocity. After the bill gets passed, all vendors would be under the scope of the bill.
The Central Home & urban poverty eradication minister presented the bill which was widely accepted. As per telecon. minister, license granting would be preventing them. As per Census, it would benefit 1 crore people. If their family is linked, it would benefit 2.5 crore people. At mumbai, there are 18,000 licensed vendors.
The bill seeks to have survey in every five years with 2.5% of certificates being distributed as per census. Town Vending Committee is proposed out of which 50% would be representatives. The area would be defined and in case of accident, the wife or son would have right to work.
The Central Home & urban poverty eradication minister presented the bill which was widely accepted. As per telecon. minister, license granting would be preventing them. As per Census, it would benefit 1 crore people. If their family is linked, it would benefit 2.5 crore people. At mumbai, there are 18,000 licensed vendors.
The bill seeks to have survey in every five years with 2.5% of certificates being distributed as per census. Town Vending Committee is proposed out of which 50% would be representatives. The area would be defined and in case of accident, the wife or son would have right to work.
M.K.Pachraiya
No comments:
Post a Comment