Citizens' Issues
Delhi observes third Car-Free Day
Continuing its efforts to curb air pollution in the national capital, the city government on Tuesday organised the third Car-Free Day in Delhi on the Vikas Marg stretch in east Delhi's Laxmi Nagar area.
 
Deputy Chief Minister Manish Sisodia led a cycle rally from Nirman Vihar Metro Station on the Vikas Marg to mark the occasion.
 
Entry of cars was restricted on the stretch between Laxmi Nagar and Karkari Mor from 8 a.m. to 4 p.m. and traffic was diverted to other roads.
 
As a result, traffic moved at snail's pace near Anand Vihar ISBT and at ITO. 
 
"Delhi Chief Minister Arvind Kejriwal could not participate in the cycle rally due to ill-health," a government official told IANS.
 
Twenty additional buses were pressed into service to avoid any inconvenience to the people, the official added.
 
Before the cycle rally, Sisodia appealed to the people to not use personal cars and opt for public transport just for a day in a month to help bring down pollution which has alarming levels in the city, the official said.
 
Beating early morning chill, the residents of various areas of east Delhi, including students, came flocking in thousands and took part in the anti-pollution drive.
 
"It was easy walking on Vikas Marg today (Tuesday). Delhi is on the verge of becoming the most polluted city of the world and in such a situation only these initiatives are going to get results," Manoj Nair, who works at ITO, told IANS.
 
Praisining the move, Damodar Singh, a 50-year-old Laxmi Nagar resident, said: "It is a very good effort. Though it is for one day only but it would certainly help in bringing down pollution levels to an extent in the city."
 
Jitesh Kushwaha, who took part in the cycle rally, said: "I am happy to see that people are participating in this cycle rally. It is not a big deal to leave your car at home at least for one day for the sake of the environment."
 
Car-Free Day, held on the 22nd day of every month, was launched by the Aam Admi Party (AAP) government in October to create public awareness about using public transport and thus bringing down pollution levels in the city.
 
The first Car-Free Day was held on October 22 on the Red Fort-India Gate stretch and the second in Dwarka on November 22.
 
The increasingly toxic air in the capital prompted the judiciary to nudge the state government into checking pollution.
 
The city government then decided to restrict the number of motor vehicles on the roads on a given day based on whether their registration number ends in an even or odd digit. The even-odd system is set to be tried from the first of January next year.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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BSE suspends trading in 35 companies on unusual price movement, weak financials
Unusual price movements vis -a- vis preferential issue price and weak financials led to BSE suspending trading on 35 companies from 24th December 
 
Following directions from market regulator Securities and Exchange Board of India (SEBI) on unusual price movements preferential issue price and weak financials of the company, the BSE has decided to suspend trading in 35 companies from 24 December 2015.
 
"While the Exchange, from time to time, has taken requisite steps to detect and contain such instances, it is felt necessary that further pre-emptive measures should be adopted to curtail misuse of the Exchange's system. Accordingly, various enhanced surveillance measures such as reduction in price band, and suspension in the trading of securities, will be adopted by the Exchange. In furtherance of aforesaid course of action and as a preventive measure, trading in the securities of following companies shall be suspended / remain suspended with effect from 24 December 2015," BSE said in a release.
 
The suspended companies are required to submit auditor certificate, along with documents confirming, amount raised under each of the preferential issue, object, and how it benefitted the company. The suspended companies will also have to certify that there was no mis-utilisation of funds raised under preferential basis and it needs to be supported with a bank statement. 
 
In addition, these companies will have to submit auditor's certificate stating that the money raised has not been transferred back to the preferential allottees, promoters and directors either directly or indirectly. 
 
BSE said, in case of any discrepancies observed in the auditor certificate in future, same shall be viewed seriously including referring of the case to ICAI. 
 
Here is the list of companies suspended by BSE from trading...
 
Moneylife has been writing on unusual price movement in stock markets since past several years. Here is the link to Stock Manipulation section… http://www.moneylife.in/investing/stock-manipulation 

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COMMENTS

Vaibhav Dhoka

11 months ago

BSE suspend trading but it is in fact punishing investor whose money is blocked and he is further penalized by compulsory maintaining shares in DMAT.ALL that is SEBI NSE BSE NSDL and CSDL are silent on this issue from investor point.I inquire with NSDL officer in Pune when he came for interaction at investors meet.He kept mum on this issue.

India takes up students' deportation issue with US
India has strongly taken up the matter of 14 Indian students being deported from the US where they had gone to join two universities.
 
"We have seen reports regarding deportation of Indian students from San Francisco," external affairs ministry spokesman Vikas Swarup said in a statement on Tuesday.
 
"As per information available with us, the deportations have taken place due to denial of entry to these students by US immigration authorities," he said.
 
"Air India has acted as per the advice of US authorities. We have strongly taken up the matter with the US government both in the US and in Delhi. We are closely following up the matter with the aim of resolving it at the earliest."
 
The 14 students reportedly went to take admission in Silicon Valley University in San Jose, California, and North Western Polytechnic College in Fremont, California.
 
Air India, in an earlier statement, said it received a communication on December 19 from the US Customs and Border Protection agency that the two universities were under scrutiny and the students who arrived in San Francisco were not allowed to enter the US and were deported back to India.
 
"So far, 14 students who travelled on Air India flights to San Francisco have been deported," the Air India statement said.
 
"Students travel on a one-way ticket to the US and in the event of deportation, the student incurs huge expenditure to buy a ticket back to India on first available service. Further, seats are often not available on any airlines to travel back."
 
On Sunday, Air India stopped 19 students headed for these two institutions from boarding its flight to San Francisco.
 
"In considering the situation, as a precautionary measure and to avoid inconvenience, students booked for travel to take admission to these universities are not being accepted on Air India flights," the Air India statement said.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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