Nation
BJP govt wins trust motion in Maharashtra assembly

With NCP remaining 'neutral' during the trust motion, BJP managed to win through voice vote in Maharashtra assembly. As expected, Shiv Sena is the Opposition party

 

Devendra Fadnavis-led Bharatiya Janata Party (BJP) on Wednesday won the trust vote in Maharashtra Assembly through voice vote. BJP was helped by Sharad Pawar-led Nationalist Congress Party, which remained 'neutral' during the voting.

As the motion seeking vote of confidence in the BJP Government moved by MLA Ashish Shelar was passed in the House where the ruling party is in minority, Shiv Sena MLAs stormed the Well seeking division of votes.

“The motion has been passed,” Speaker Haribhau Bagade announced in the din.

Agitated members of Shiv Sena, which had earlier said that it will oppose the trust vote and had demanded that its leader Eknath Shinde be accorded the status of Leader of Opposition, shouted slogans.

 

Bagde later also announced the appointment of Shinde as the Leader of Opposition in the Vidhan Sabha, the lower House.

Earlier, Fadnavis managed to get his party's Haribhau Bagde as Speaker, unopposed after Congress and Shiv Sena withdrew their candidates from the race.

The Speaker had said he would take up the issue of Sena’s demand for LoP’s post after the trust vote as Congress had also staked claim and he would have to study the legal implications. Congress had demanded LoP’s post on the ground that Sena continued to be a constituent of BJP-led NDA.

After Sena members objected to the passing of the trust motion by a voice vote and sought division, Bagde adjourned the House.

When proceedings resumed, the Speaker announced the appointment of Shinde as Leader of Opposition in the House.

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Sahara: No Money, No Worry

Sahara tamasha continues

 

In early November 2014, The Mint reported that the Securities & Exchange Board of India (SEBI) had approached the Supreme Court seeking directions to be issued to the Sahara group to sell assets worth Rs47,000 crore. It may be recalled that the apex court, in a landmark judgement in August 2012, had ruled that two Sahara group realty companies that had raised funds from retail investors without SEBI approval, through a debenture-like product, must return the money to investors. The amount was then estimated at Rs25,000 crore (with interest).  

Sahara’s many manoeuvres to avoid complying with the court order landed Subrata Roy in Tihar jail, which has been his home since March 2014. For a while, in August, he persuaded the court to permit him the use of an air-conditioned conference facility to negotiate the sale of his overseas properties. But that drama ended in early October without a sale and Mr Roy is reportedly back in jail.

Meanwhile, it remains a mystery why a business group that appears to have limitless resources and opaque finances has been content to allow its founder-chief to languish in jail, for the past nine months. Or that Subarata Roy’s wife and son Susanto go on to become citizens of the Republic of Macedonia, a Balkan country, and acquire large tracts of land to start a dairy business (reported by www.moneylife.com in July 2014) in that country.

At the same time, its spending on non-revenue generating activities continues unabated. Interestingly, the film and sports fraternity, which the Sahara group cultivated assiduously, seems determined to carry on as if it is business as usual. The Sahara group’s travails may have ended its sponsorship of the Indian cricket team, but it hasn’t stopped India’s cricket captain, Mahendra Singh Dhoni, partnering with the beleaguered group to snap up the Ranchi franchise of Hockey India. Some say, it shows the cricketer’s ability to put business above reputation concerns.

Similarly, there is no impact on Sahara Force India Formula One franchise, despite the fact that both promoters—Subrata Roy and Vijay Mallya—are in deep financial trouble. In May this year, well after Mr Roy went to jail, the franchise announced an alliance with the vodka brand Smirnoff.

The only apparent change in the working of the Sahara group is that the Roy family no longer hankers after publicity and is quietly stepping down from group companies leaving them in the hands of employee managers.

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Before Miracle Copper Socks Knock You Off Your Feet…

You would be wise to question the science behind copper-infused clothing

 

One would be wise to keep their feet on the ground regarding Miracle Copper Socks, an “As-Seen-on-TV” product that claims to deliver a dose of copper-infused compression that improves circulation, reduces swelling, and relieves aches and pains in the feet and calves.


“Copper releases positive ions to promote health and wellness,” a man identified as Dr. Mark Spal says in the commercial. “I recommend Miracle Copper Socks to my patients to help relieve pain and swelling of the foot.”


However, the science is still out on the health benefits of copper-infused clothing and the commercial does not cite any specific clinical studies that prove different.


But that’s only part of the problem with the product’s advertising. The other issue that could sock consumers is the advertised cost, or rather the misleading nature or it.


The commercial ends, “That’s right. You get two pairs of Miracle Copper Socks — an amazing value — for only $12.99. Call now!” But as you can see on the checkout page, that price does not factor in the cost of processing and handling, which at $6.99 a pair, makes the total cost of getting the socks to you more than the total cost of the socks.


It’s also worth noting that the box to purchase the second “free” pair of socks is pre-checked in the order form online, a red flag consumers should look out for whenever shopping online.

 

Courtesy: TruthInAdvertising.org

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