Nation
Gujarat court convicts BJP MP for three years jail for beating doctor

A local court in Amreli district sentenced three years jail term and Rs25,000 fine to BJP MP Naran Kachhadiya and four others for beating a doctor in January 2013

 

A local court in Amreli district on Wednesday sentenced three years jail term and Rs25,000 fine to local Member of Parliament Naran Kachhadiya and four other accused including a woman leader from Bharatiya Janata Party (BJP) in a case related to the beating of a doctor on duty in civil hospital here in January 2013, says a report from DeshGujarat.
 
According to the report, the District Sessions Court, gave all the convicts an interim relief from arrest and a time of one month for making an appeal before the Gujarat High Court.
 
The case pertains to beating of civil hospital doctor Bhimji Dhabi in January 2013 when he allegedly refused to give treatment to the injured son of Madhuben Joshi, leader of BJP women's wing. She then called MP Kachhadiya and his supporters to beat up the doctor, says the report.
 

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An average of 71 Indians die daily in car, taxi accidents; Delhi deadliest

In December 2015, the Delhi Traffic Police complied with the Supreme Court’s recommendations of enforcing stricter traffic rules, such as suspending the driving licences of violators for three month

 

The viral video of a 32-year-old man, Siddharth Sharma, being mowed down by a Mercedes car driven by a teenager in Delhi has generated a lot of outrage, but Sharma is one of 71 Indians who, on an average, die every day in accidents involving cars, jeeps and taxis, according to an IndiaSpend analysis of government data.
 
As many as 139,671 people lost their lives on India’s roads during 2014, which means 382 died every day, IndiaSpend had reported. The data reveal that Delhi is India’s deadliest city: 1,671 died in road accidents that year.
 
Sharma’s death sparked questions about growing lawlessness on Delhi’s roads, which have witnessed a 24 percent rise in road accidents over three years.
 
In December 2015, the Delhi Traffic Police complied with the Supreme Court’s recommendations of enforcing stricter traffic rules, such as suspending the driving licences of violators for three months.
 
“Seizing and suspension of driving licences, even for the first offenders, will take place for jumping red light, drunken driving, over-speeding, using mobile phone while driving, and carrying passengers in goods vehicles,” Muktesh Chander, Special Commissioner (Traffic) told the DNA.
 
As the incident video shows, Sharma was a pedestrian trying to cross the road when he was mowed down: 12,330 pedestrians were killed in 2014, accounting for 8.8 percent of the total deaths.
 
The car was being driven by a 17-year-old, who was with seven friends, according to a Times of India report, which means he did not have a driving license. The minimum age to get one is 18.
 
Further, the accident happened around 8:45 pm, during an accident-prone period: 17 percent of accidents occur between 6 pm and 9 pm.
 
As many as eight percent of road accidents involved drivers without a license. The juvenile was a repeat offender, the police found.
 
The juvenile’s father has been booked under section 109 read with 304 (abetment to culpable homicide) and the son, under 304 (culpable homicide).
 
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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Nifty, Sensex set for more gains – Wednesday closing report
Nifty will head higher, as long as, it stays above 7,760
 
We had mentioned in Tuesday’s closing report that Nifty, Sensex were in an uptrend and that as long as Nifty stayed above 7,670, the market would head higher. Favourable monsoon forecast sent India's benchmark equity indices soaring and the trends of the major indices in the course of Wednesday’s trading are given in the table below:
 
 
Key Indian stock market indices soared on Wednesday morning, cheered by the official forecast that rains this monsoon season will be bountiful, as also on account of a rise in factory output after three months of contraction and a notable fall in retail inflation. Investors were also bracing for a long weekend with trading holidays on Thursday and Friday.
 
Among the 30 Sensex stocks, the sole scrip that was in the red was GAIL India. This scrip was down at the NSE as well, along with Tata Consultancy Services. Significantly, each of the 19 sector-specific indices of the BSE was also ruling higher. The BSE market breadth was tilted in favour of the bulls -- with 1,566 advances and 1,120 declines.
 
The India Meteorological Department (IMD) said that after two straight years of drought, India is likely to be showered with above-average rains during the upcoming monsoon season, with a probability of more than 94% precipitation.
 
Then, after the closing bell, came the twin dose of positive news from the Central Statistics Office that India's factory output for February logged a growth of 2% after three straight months of decline, and annual retail inflation fell to 4.83% in March from 5.26% in February.
 
On Wednesday, most Asian-Pacific markets were also trading in the green, with sentiments buoyed by the rise in oil prices that had, in turn, helped US stocks to rise. European stocks also rose and closed mostly higher on Tuesday at the end of a choppy session, helped by gains in energy and mining stocks. 
 
According to Reuters, China's exports in March 2016 returned to growth for the first time in nine months, adding to further signs of stabilisation in the world's second-largest economy that cheered regional investors. March exports rose a blistering 11.5% from a year earlier.
 
Australia's ASX 200, Japan's Nikkei, Taiwan's Taiex, Hong Kong's Hang Seng were all trading higher.
 
Hence, rising global crude oil prices and positive global markets have cheered investors' sentiments in Indian stock markets on Wednesday.
 
However, caution over the ongoing Q4 (fourth quarter) results season, which started from April 8, mildly dampened sentiments. Infosys is expected to be the first bluechip firm to come out with its results on April 15.
 
The Supreme Court will examine if the Reserve Bank of India and the central government could take shelter behind the confidentiality clause in the RBI Act and other statutes for holding back names of loan defaulters and the total quantum of money in default. If bank recoveries of bad loans improve, the Bank Nifty could improve further.
 
ICICI Securities expects good Q4FY15-16 results for media sector on the back of robust advertising growth for broadcasters and favourable newsprint prices for print players. It expects advertisement revenues to grow at 14% on a y-o-y basis and EBITDA (earnings before interest tax and depreciation) by 25% across their coverage universe. 
 
Idea Cellular emerged as the biggest gainer of the mobile number portability (MNP) scheme in the last five years, Kotak Institutional Equities said here on Wednesday in a five-year scorecard. Idea Cellular shares closed at Rs114.45, up 0.88% on the BSE.
 
Consumer electronics and home appliances major Videocon on Wednesday launched two new smartphones to reach out to the emerging smartphone users who demand best Android experience at an affordable cost. Videocon Industries shares closed at Rs107.40, up 0.37% on the BSE.
 
Alternative investment in India had a breather with Uttar Pradesh jewellers opening their shops on Wednesday, after 43 days of nationwide strike against the excise fees levied. 
 
India's economic growth is expected to rise from 7.5% in 2015-16 to 7.7% in the current fiscal on the back of strong private investment, more infrastructure spending, better investment climate and improved corporate balance sheets, propelling South Asia to becoming the fastest-growing region globally, the World Bank said on Tuesday. 
 
The top gainers and top losers of the major indices are given in the table below:
 
 
The closing values of the major Asian indices are given in the table below:
 

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