SC upholds SEBI probe , turns the spotlight on
Hindenburg’s ‘ conduct
The SC Wednesday given verdict over
Hindenbuerg report and fall in Adani shares there after .
The SC
trained the “ spotlight” on Hindenbuerg “ conduct “ of abindenberg
Research , directing Security and Exchange Board of India ( SEBI ) and
investigative agency of center to probe
, and if necessary take “ suitable action “ if the losses suffered by
Indian investors after Hindenbuerg report involved any infraction of law .
The 46 page Judgment has following key points
:
●
Three Judge Bench headed by CJI DY
Chandrachud said that volatility in the aftermath of the Hindenberg report has
impact only on individual scale and did not result in market volatility .
●
The Judgement said that the
investigation conducted by SEBI “ inspires
confidence “ and was prima facie “ comprehensive “ , the market
regulator had already completed 22 out of 24 investigations in the group . The
court ordered SEBI to complete the investigation in two remaining cases within
three months .
●
The judgment refused to accept
Petitioner contention that SEBI’s amendment in Foreign Portfolio Investors
Regulations and Listing Obligations ( LODR
) Regulations has been an exercise in “ first opening a loophole and then
plugging the loophole , with deferred effect “
and has now affected the regulators investigation .
●
The court rubbished the
petitioners reliance on finding of Organised Crime and Corruption Reporting
project that Adani Group manipulated it’s shares prices through two Mauritius
based funds and critical newspaper
reports on SEBI investigation . Court
said that no effort was made to verify authenticity of these reports .
●
Supreme Court refused to transfer
the case to CBI or any Special Investigation Team ( SIT ) .
Who said what ?
Congress – Jairam Ramesh SC’s decision to not
transfer the case to CBI or SIT as “very generous “ . He questioned extension
of term of SEBI for three more months in 2 cases .
Gautam Adani – “ Truth has prevailed , Satyameva Jayate “ .
Timeline
●
January 24 , Hindenburg published report
alleging that Adani Group had manipulated share prices.
●
February – PIL filed in Supreme
Court for a direction set to set up a committee led by retired judges to be
investigate allegations.
●
March – SC asks SEBI to probe
within two months , which was later extended till August 14 .
Modi launches internet project in Lakshadweep
The Prime Minister Narendra Modi on Wednesday
inaugurated Kochi Lakshdeweep submarine optical fibre cable project ,
implemented at a cost of ₹1072 crore .
The 1868 km cable will allow telecom companies
to provide 4G , 5G services and high speed broadband for the first time in the
Archipalegeo .
The cable has been laid by BSNL , while the
project was executed by Japanese firm NEC .
Transport workers likely to intensify protest on BNS
The all India Road Transport workers ,
Federation a platform of various trade platforms , trade Union’s and drivers
has warned that it will intensify protest if govt does not withdraw section 104
(1) and (2) of Bahrtiya Nyay Samhita act .
The Center of Indian Trade Union ( CITU ) , in
a statement on Wednesday supported , the agitations against ( BNS) immediately .
The Union Home Ministry is in talk with truck
drivers and owners and has told that the provisions will not be implemented
without exclusive consultation .
Mahua fails to get interim relief from SC over LS ouster
Supreme court on Wednesday gave three weeks to
Secretary General Lok Sabha , to file reply in case of ouster of Mahua Moitra
from Lok Sabha .
But the court didn’t allow her immediate interim
relief of participating in the house sessions.
Kejriwal skips ED summons , AAP sees conspiracy to arrest
him
Arvind Kejriwal skipped third summon by
Enforcement Directorate ( ED ) to appear before the agency for questioning in
Delhi Excise Policy scam .
Mr. Kejriwal wrote a letter to ED ,
reiterating that summon was “ motivated “ , and appeared to be a “ fishing
exercise “.
Exercise restraint , do not summon govt officials at the
drop of a hat : SC to HCs
SC in Wednesday issued official Guidelines so that the govt officials are
not called to courts at the drop of a hat .
●
Judges should not bellittle
officials on the ground of their clothing or physical appearance etc .
●
Court should not summon official
merely because the affidavit didn’t agree with the views held by Judge.
●
Court can seek personal appearance
of officials in in complex issues requiring expert evidence .
SpaceX Falcon 9 to launch India’s GSAT 20 , satellite to
spread biradband coverage
New Space India Limited ( NSIL ) the
commercial arm of ISRO will launch GSAT 20 , on board Space X ‘s Falcon 9
rocket during the second quarter of 2024.
The agency said GSAT 20 offeres ka ka band HTS
capacity having pan India coverage , including Andman and Nicobar and
Lakshdeweep .
The satellite weighs 4700 kg , offers an HTS
capacity of 48GBPS and has been significantly designed to meet the demanding
service needs , of remote and unconnected region .
Union Govt in 2020 mandated NSIL to build ,
launch, own and operate satellite in “ demand driven mode “ .
Falcon 9
ASI urges court not to make Gyanvapi Survey report public
The central agency said that if the survey
report was made public before the submission in the high court there is more
chances of rumour .
54% of patients given antibiotics only as a preventive
measure , says survey
A survey by NCDC ( National Council for Disease Control ) has the
following findings regarding use of Antibiotics and spread of Anti icrobial
resistance
●
94% of the patients were
prescribed antibiotics even before a definite diagnosis of the infection . Only
6% were given antibiotics after confirmed diagnosis .
●
55% were prescribed the drugs ,
for prophlatic indications means to prevent an occurence or spread of infection .
37.3% getting
antibiotics to prevent surgical site infection .
Antimicrobial
Resistance ( AMR )– It is a condition in which drugs
used to prevent disease are not that effective , as bacteria evolves . The
frequent use of antibiotic make bacteria evolve and the drug to cure the
disease is not that effective .
WHO has identified AMR as top threat to public
health .
50 % of cybercrime
plaints originate in China , Pockets of Cambodia and Mayanmar
The information was given by home ministry .
About 5000 companies are filed every day .
From April 1 2021 to December 31 , 2023 .
₹10,319 crore had been lost to cybercrime .
World
103 killed in twin blast at memorial event in Iran
At least 103
people were killed on Wednesday as two bombs in twin succession struck a
crowd commentatoring , salin general Qassem Suleimani , on
anniversary fo his killing the state media said .
The blast injured 211 people ,
Iran’s supreme leader Ayatollah Ali Khameeini blamed “ evil and criminal enemies
“ of country and vowed a “ harsh response “ .
The blast struck Saheb Al Zaman Mosque in
Kerman , Sokemiinei , Southern Bonetown where he is buried .
UN Secretary general Antonio Guterras , the
European Union and Russian President Vladimir Putin , denounced the blast .
Qasssim
Sukeimani was killed in a US drone strike near Baghdad few years ago . Quassim Sukleimani served in Islamic
Revolutionary Guard Corps . He was main person behind Iran’s millitary and
intelligence .
In Iran
he is seen as a “ living legend “ and
looked as a hero .
Israel ready for any scenario ,after hit kills Hamas
leaders
A drone strike in Labnon killed Hamas killed
deputy leader of Hamas Saleh Al Aruri .
The number two of Hamas.
Though Israel has not confirmed that it killed
Aruri ,it is widely thought behind the
killing .
Israeli army spokesperson Daniel Harrari told
“ said “ military was in a very high states of readiness in all arenas “ and
prepared for all scenarios “ .
David Barnea chief of Mossad said that it
wiloild hint down , every member of Hamas no matter where they are .
Saleh Al
Aruri was instrumental in building up Hamas’s military capabilities and it’s
link with regional allies .
Most
recently he was “channel or link “between Hamas Movement and Iran and Hezbollah
, a hams source said , Aruri had regularly visited Iran . Aruri was also
considered leader of Hamas in West Bank .
Israel
has accused Aruri of playing key role in several attack on Israel including
October 7 attack.
Israel Minister Ben Gvir calls for return of settlers to
Gaza
Israeli National security minister Ben Gvir in a meeting called for return of settlers to Gaza , and
said that , Palestinian should be encouraged to leave .
“ This is an opportunity to develop a project
to emigrate Gaza’s residence to emigrate to countries , around the world “
. Ben Gvir said .
He suggestted settling of Jewish people in
Gaza .
The US and France on Tuesday denounced these
comments .
Trump promises to begin largest domestic deportation
operation
Donald Trump is escalating verbal attackninmigrants
as h seeks a second term .
Trump has promised the largest domestic
deportation in Amercian history , telling supporters twice in recent weeks that
immigrants were “ poisoning the blood of our country “ .
Rescuers search for survivors after quakes leave 73 dead
The numbee of death in Japanese earthquake has
reached 73 .
