Citizens' Issues
15 die as coaches of Varanasi-bound train derail
At least 15 people were killed when two crowded coaches of a passenger train derailed in Uttar Pradesh on Friday after the driver overshot a signal, officials said.
 
The ghastly accident took place at Banchrawa, 40 km from from here in Rae Bareli district, when the Dehradun-Varanasi Janata Express was on its way to Varanasi, the officials said.
 
One of the two coaches which derailed was a sleeper class. The other was a general coach.
 
Mahesh Gupta, a railway divisional commissioner, told IANS that 15 people had been killed and that the toll could rise.
 
Rescuers struggled to remove bodies crushed within the mangled coaches. Some bodies were pulled out from under the coaches.
 
"The number of casualties is likely to increase as the general bogey has been completely flattened," an official told IANS. 
 
District officials assisting the railways in the rescue and relief effort also confirmed that the death toll would go up. 
 
Northern Railway officials said that prima facie the train driver seemed to be at fault.
 
"The train was to stop at the Banchrawa railway station but it did not. When he realized this, the engine driver applied the emergency brakes, leading to the derailment," one official said. 
 
The accident disrupted train services on the important New Delhi-Lucknow-Varanasi sector.
 
Furious locals and villagers from nearby areas who rushed to the site raised slogans against the administration and railway authorities, saying official rescuers took a long time to reach the disaster spot. 
 
A special relief train has been rushed to Banchrawa from Lucknow, the officials said.
 
Six doctors and 20 ambulances were also sent to the accident site, and 100 beds have been reserved in Lucknow hospitals to cater to the injured, officials here told IANS.
 
The Uttar Pradesh government has announced Rs.2 lakh each to the families of the dead and Rs.50,000 to the injured. 
 
The railways ordered a probe into the accident. 
 

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Researchers zero in on 'culprit' causing heart failure
Researchers have identified what they describe as "the long-sought culprit" that contributes to heart failure.
 
The research, published in the journal Nature, revealed that an enzyme called PDE-9 interferes with the body's natural "braking" system needed to neutralise stress on the heart.
 
"Like a play with multiple characters, heart muscle function is the result of a complex but perfectly synchronised interaction of several proteins, enzymes and hormones," said lead investigator Dong Lee, cardiology research associate at the Johns Hopkins University School of Medicine in the US.
 
Naturally found in the gut, kidneys and brain, PDE-9 is already a prime suspect in neurodegenerative conditions such as Alzheimer's, the researchers said.
 
But the new study shows that the enzyme's footprints are also present in heart cells and markedly elevated in patients with heart failure - evidence that PDE-9 is a multi-tasking "offender" and a key instigator of heart muscle demise, they added.
 
Working with lab animals and human heart cells, the scientists found that the enzyme PDE-9 wreaks mischief by gobbling up a signalling molecule, cGMP, which normally stimulates the production of a heart-protective protein called PKG.
 
The protein PKG is known to shield the heart muscle from the ravages of disease-causing stress, such as long-standing high blood pressure.
 
To understand the enzyme's role, the scientists exploited the knowledge that heart muscle health is safeguarded by two separate mechanisms, or signalling pathways.
 
Nearly a decade ago, researchers identified the culprit responsible for breakdown in one of the signalling pathways, an enzyme called PDE-5. Ever since then scientists have searched for the second "offender" that causes glitches in the other pathway.
 
The discovery of PDE-9 provides that long-sought break in the case, the researchers said.
 
In the current study, PDE-9 blockers not only stopped heart muscle enlargement and scarring in mice with heart failure, but they nearly reversed the effects of the disease.

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Global Mount Money asked to cease and desist from acting as Investment Adviser
These entities were engaged in providing investment advisory services to public at large without obtaining requisite registration from SEBI for the same and as a result have violated provisions of the SEBI Act, 1992 and SEBI (Investment Advisers) Regulations, 2013
 
A SEBI Order directed Global Mount Money Research and Advisory and its directors and related entities to cease and desist from acting as Investment Adviser and cease to solicit or undertake such activities or any other unregistered activity in the security market directly or indirectly.
 
These entities have further been directed to immediately withdraw and remove all advertisements, representations, literatures, brochures, materials, publications, documents, websites etc. in relation to his investment advisory or any unregistered activity in the securities market.
 
These entities were engaged in providing investment advisory services to public at large without obtaining requisite registration from SEBI for the same and as a result have violated provisions of the SEBI Act, 1992 and SEBI (Investment Advisers) Regulations, 2013.
 
SEBI received information in respect of the activities of a Madhya Pradesh-based entity viz. Global Mount Money Research and Advisory Pvt. Ltd. (Global Mount) providing investment advice to general public through its website (www.globalmountmoney.co), without obtaining necessary registration from SEBI. When SEBI wrote to them for information about their activities, no reply was forthcoming. A SEBI official then visited the office of Global Mount at 504, Shagun Tower, Plot no. 07, PU-04, Scheme no. 54, Vijay Nagar Square, A B Road, Indore, Madhya Pradesh on December 24 and December 31, 2013 to obtain information about the working of Global Mount. It was found that the entity was carrying out investment advisory services in shares, derivatives and commodities. The website of Global Mount claimed the following strengths:
 
(a) Global Mount Money Research and Advisory is one of the India’s finest research and stock advisory company deals in intra-day tips and positional tips. We provide equity tips as well as commodity tips.
 
(b) We offer diversified range of services as per the investments of an investor, trader or a broker. Global Mount Money offers best stock future tips.
 
(c) In stock cash tips we provide intraday and positional services. In which we provide tips on cash scripts with most accurate level.
 
Subsequent to this, SEBI undertook a preliminary examination of the activities of Global Mount. One of the SEBI officers, posed as an ordinary investor, registered for free trials on the website of the entity viz. www.globalmountmoney.co. On successful registration, a representative of Global Mount contacted at the mobile number given at the time of registration for free trials.
 
SEBI also contacted the entities’ bankers and obtained information about them.
 
From the information gathered by SEBI, it observed:
 
(a) Rajeev Singh Rajput, Arpit Kothari and Ajay Kumar are collecting funds from investors for providing investment advice in the name of different company/ firms /proprietary concern viz. M/s Global Mount Money Research and Advisory Pvt. Ltd., Global Mount Money Research and Advisory, Global Money Financial Services and Global Money Research and Advisory.
 
(b) It is further observed that Global Mount Money Research Advisory Pvt. Ltd. (Company), Global Mount Money Research and Advisory (Partnership firm) and Global Money Research and Advisory (proprietary firm) are operating as one entity as is evident from the website of Global Mount, wherein at the home page, the entity was mentioning itself as Global Mount Money Research and Advisory and as a company. It is relevant to note that all the bank accounts given on the webpage are of the proprietary firm, viz. Global Money Research and Advisory. It is observed that all the directors of Global Mount are partners of the firm, Global Money Financial Services.
 
(c) As has been observed earlier, one of the directors of Global Mount, viz. Rajeev Singh Rajput is the proprietor of Global Money Research and Advisory. Two of the directors of Global Mount,  Rajeev Singh Rajput and Arpit Kothari are partners of the firm Global Mount Money Research and Advisory. It is also noted that all the three directors of Global Mount, viz. Rajeev Singh Rajput, Ajay Kumar and Arpit Kothari are partners of Global Money Financial Services.
 
(d) It is further noted that website of Global Mount, i.e. http://www.globalmountmoney.co, the name of the entity is mentioned as Global Money Research and Advisory (proprietary firm).
 
(e) The entity is claiming to have 4,232 active clients.
 
(f) High Accuracy is claimed by the entity, in their tips without any substantial evidence for the same.
 
(g) Marketing executives of the firm calls prospective clients for registration as free trial clients. Also, some clients register for free trials after pursuing the website of Global Mount.
 
(h) Tips are being provided to the investors through SMS/calls as evident from the SMS tips and calls received by the SEBI Official, who had registered for free trial, as an ordinary investor.
 
(i) Bank Account details are mentioned on the website for online payment. From bank statements provided by the respective banks, it is evident that there is a regular flow of funds in bank accounts of the entity from various individuals across the country which is equivalent to fees charged by the entity for his advisory services.
 
This is the nature of business being carried out by the entities.
 
Hence, SEBI in its Order observes, “SEBI has been entrusted with the duty to protect the interests of investors and protect the integrity of the securities market. Considering the facts and circumstances of the present matter and on the basis of prima facie findings, it is necessary to intervene in this matter to take immediate steps to prevent such persons from engaging further clients. This is also a case where, effective and expeditious action is required to be taken to prevent any possible harm to investors caused by the unauthorized activities of the aforementioned entities and its Directors/ Partners/ Proprietor.
 
Hence, SEBI issued the “cease and desist” order mentioned earlier and also instructed the entities from advertising their services.
 
SEBI has also maintained that this Order does not stop it from taking any further action against the entities carrying out the unregistered activity of Investment Adviser.
 

 

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