As a multi-agency probe into the NSE case gathers pace, the grant of preferential server and data access to select brokers and their suspected misuse are being investigated threadbare to unveil all quid pro quo arrangements in a highly-sophisticated scheme that worked like a cricket betting scandal, officials said on Monday. While the bourse has said it has taken several steps over the years to strengthen its technology infrastructure, including as per regulatory orders, the officials said certain fresh disclosures call for a detailed probe into whether a select group of individuals in high positions had banded together to make illicit gains by facilitating the preferential trading slots, beginning over a decade ago. Even a split-second faster access is said to result in huge gains for a trader.
Shortage of ICU beds, oxygen, ventilators, vaccines, doctors, nurses and crematorium space in India has dominated headlines around the world in the past few weeks with Covid-19 cases surging beyond control and the government failing to deliver. Yes, election rallies, Kumbh Mela, blatant flouting of social distancing and mask protocols coupled with a messy vaccination process are said to be responsible for the health crisis of colossal proportions that India is facing today. But an analysis of Budget speeches made by finance ministers over 75 years also offers a glimpse of how low on the priority list healthcare has featured for the political class and policy-makers, which is a significant reason for the current situation.
All shops and commercial establishments, hotels, pubs and bars will remain closed during this period, Yediyurappa said.
As the coronavirus pandemic made courts adopt the new normal and go virtual in 2020, the Union law ministry pitched in by providing the required infrastructure to ensure online hearings are held smoothly.
The Tamil Nadu government has been transparent in reporting COVID-19 deaths and no one can hide the information, Chief Minister K Palaniswami said on Thursday, rejecting claims of under-reporting of fatalities. He also asserted there was no community transmission of coronavirus in the state, which has reported 1,500 plus fresh cases for four successive days till Wednesday with the tally crossing the 36,000 mark.
Besides law and order, the long standing demand for junking Armed Forces (Special Powers) Act, economic woes of the land-locked state which has hardly any industries, are expected to figure high on the agenda of the unfolding electoral battle between the two main parties with smaller local parties such as National People's Party and the Naga People's Front chipping in with their own demands.
While the users of the three social media platforms remained clueless as they repeatedly received error messages for most part of the day, the stocks of Silicon Valley firm Facebook dropped by nearly five per cent as a result.
'With over 50 per cent of medical seats reserved for those who have the ability to pay a fee ranging from Rs 50 lakh to Rs 1.5 crore for a five-year MBBS course and quotas in accordance with affirmative policies in government colleges, the band of seats available for the not-so-rich and non-OBCs is very narrow.'
The government and the farmers must come back to the negotiating table with only the interest of the country in mind, suggests Vivek Gumaste.
The Delhi government will identify single-use plastic littering hotspots and the entry points of such items into water bodies and drains by October 31 this year, according to a draft action plan for the elimination of the environmentally hazardous products.
Slowly but surely, the game of cricket is changing character. Just that we are unwilling to see the writing on the wall, observes Indrajit GuptaWhy does Indian cricket find itself on a slippery slope?, Indrajit Gupta asks.
An exclusive white paper by the Jamestown Foundation claims that the powerful figures arraigned against the President include former Vice-President Zeng Qinghong and current Vice-President Wang Qishan, The Hong Kong Post reported.
Soumya Swaminathan called on governments to boost exercises on reporting actual numbers.
Stock exchanges and other market infrastructure institutions as well as their top officials are liable to face penalties for lapses in handling and recitfying technical glitches, with Sebi putting in a place a stricter compliance system driven by "financial disincentives". The markets watchdog has come out with a detailed Standard Operating Procedure (SOP) for Market Infrastructure Institutions (MIIs) less than five months after a technical glitch halted trading at the country's largest bourse NSE for nearly four hours. There will be a "financial disincentives" structure for MIIs -- stock exchanges, clearing corporation and depositories -- for any business disruption beyond pre-defined time, according to a circular issued on Monday.
"What happens to the exam which is now to be scheduled as we have permitted women candidates to compete for NDA. That being the position we would require the ASG to file an affidavit within two weeks," the SC bench comprising Justice S K Kaul and Justice B R Gavai said in its order.
Ushering in a big wave of reforms by implementing the four labour codes, setting up the national social security fund to cover over 38 crore informal sector workers and improving the ease of doing business will top the agenda of the labour ministry in the New Year. In a major move, the ministry launched the e-Shram portal on August 26, 2021 for creating a national database of over 38 crore informal sector workers. It will help the government to ensure last-mile delivery of benefits of various social security schemes to the informal-sector workers.
The delivery of the Tejas Light Combat Aircraft (LCA) to the Indian Air Force under a Rs 48,000-crore deal will begin from March 2024 and around 16 aircraft will be rolled out annually till the completion of the total supply of 83 jets, Chairman and Managing Director of Hindustan Aeronautics Limited R Madhavan said on Sunday.
'This is probably why the late General Bipin Rawat, who hails from the Garhwal Himalaya, said that the existing roads are fine with the army.'
The government will create an EV Venture Capital Fund, for financial support to start-ups in the segment. The overall aim is to make Tamil Nadu the preferred destination for EVs and component makers.
People spent a sleepless night as a series of aftershocks shook Assam after a strong 6.4 magnitude earthquake caused extensive damage to buildings.
The decision to procure the fleet was taken at a meeting of the Cabinet Committee on Security (CCS) chaired by Prime Minister Narendra Modi, Defence Minister Rajnath Singh said.
Three key agriculture Bills, approved by the Lok Sabha, are facing staunch opposition from within the ruling coalition with senior minister Harsmirat Kaur Badal resigning in protest and farmers hitting the street.
On Sunday the Ukrainian Tennis Federation urged the sport's governing body the International Tennis Federation (ITF) to immediately expel Russia and Belarus from the organisation and ban Russia from team and individual tournaments. Also, athletes from Ukraine and other nations have called on the International Olympic Committee (IOC) to suspend Russia and Belarus and ban their athletes from events immediately.
'The digital trust level has drastically gone up due to Covid, not only in tier-I and II cities, but also in tier-III, IV and V geographies,'
As an admirer of Japan for close to half a century, I care for Japan and expect Suga to respect the sentiment of his people and cancel the Olympics without further delay, says Rajaram Panda.
From April 1 next year, over 600 state-run Madrassas will be converted into upper primary, high and higher secondary schools with no change of status, pay, allowances and service conditions of the teaching and non-teaching staff.
The Jewar Airport or the Noida International Greenfield Airport will be spread over 5,000 hectares when fully built at an estimated to cost Rs 29,560 crore.
'Geological processes occur at time scales that are beyond human imagination, but we need to understand these events.'
India Ratings expects long products demand growth to be sharp, supported by a demand push from the government-led infrastructure investments in affordable housing, railways, rural electrification and road networks.
One hopes that the government will act on the Kelkar panel recommendations.
India will benefit hugely if the representation of women in Parliament is increased to a just level.
'Above 2,000 metres the gradient of the Himalayas is very steep and if you build any infrastructure (roads, dams, hydro power projects) in these regions, it will not be able to sustain these events (the onslaught of debris that comes down with great speeds).'
Power and money are at the heart of the sordid story -- and it isn't over yet.
All members of the Monetary Policy Committee (MPC) -- Shashanka Bhide, Ashima Goyal, Jayanth R Varma, Mridul K Saggar, Michael Debabrata Patra and Shaktikanta Das -- had unanimously voted to keep the policy repo rate unchanged at 4 per cent after the three-day meet of the panel earlier this month. Further, except Varma, other members voted to continue with the accommodative stance as long as necessary to revive and sustain growth on a durable basis and continue to mitigate the impact of COVID-19 on the economy, while ensuring that inflation remains within the target going forward. Varma expressed reservations on this part of the MPC resolution, according to the minutes.
The country's largest stock bourse NSE on Friday said it stuck to the primary site for carrying out trading on Wednesday and did not switch to the disaster recovery site after a considered view while dealing with telecom connectivity issues which led to the nearly four-hour halt in trading earlier this week. It can be noted that Sebi had asked the exchange, which also trades the highest derivative volumes in the world, as to why it did not switch to the Disaster Recovery (DR) site. "Post shut down of trading on NSE, we considered all the available alternatives on hand including invocation of DR to decide on the course of action that would bring up the market at the earliest with least disruption to market participants and post evaluation, a decision was taken to bring up the systems at the primary site," a statement from NSE said.
A bench comprising Chief Justice S A Bobe and justices B R Gavai and Surya Kant took note of the submissions of solicitor general Tushar Mehta that the high court order, to the extent of allowing their release from prison, needed to be stayed.
"The Central Public Works Department has asked Tata Projects Ltd to start the construction work of the new parliament building on January 15 as it is considered auspicious to commence such a project on the day of first dawn after 'Makar Sankranti'," the official sources said.
They also asked Pak to take 'demonstrable action' against terrorist groups within its territory.
A New York Times report last month said the showpiece event will not be held in the Turkish city and alternative venues were being considered.
"I do not think there is any self-imposed deadline for action, but I think we are looking at weeks, not months," White House Chief of Staff Mark Meadows told reporters aboard Air Force One, flying with President Donald Trump form Atlanta.
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