Citizens' Issues
Indian nurses in Iraq freed, to reach Kochi on Saturday

The 46 nurses set free by the militants of ISIS are expected to reach Kochi Saturday morning

A group of 46 Indian nurses held captive by Sunni militants of the Islamic State of Iraq and Syria (ISIS) in strife-torn Iraq have been set free and are being brought back home in a special Air India plane which left this evening for Erbil, a non-conflict zone.


The nurses are expected to reach Kochi Saturday morning, officials said on a day of dramatic developments in efforts to end their ordeal.


Air India is sending a Boeing 777 aircraft to bring back 46 nurses and other Indians stranded in strife-torn Iraq.


The Boeing 777 (Long Range), with a seating capacity for about 300 passengers, would shortly take off from Delhi's IGI Airport to Erbil in north Iraqi region of Kurdistan and is likely to return to Kochi on its way back.


Besides the Boeing 777, two Boeing 747 jumbos have been kept ready to fly at short notice, they said, adding that cockpit and cabin crew to operate them were also on standby.


These 46 Indian nurses, who were forced to move out of Tikrit city in Iraq's conflict zone, were on their way to Erbil, a non-conflict area in the country where a team of Indian officials was waiting to receive them. The flight would directly take them to Kochi as most of them are from Kerala.


The nurses were taken by Sunni militants ISIS on Friday from a hospital basement in Tikrit to an undisclosed location.


There were about 10,000 Indians before the start of the serious strife between government troops and Sunni militants, backed by al Qaida. The militants have captured two key cities and are marching towards Baghdad. Hundreds of thousands of Iraqis have been displaced in the fighting that broke out on 10th June.


Sensex, Nifty close at a new life time high – Friday closing report
Watch out for a close below the day’s low for reversal on the Nifty

On Thursday we said that the Indian stock markets may give up some gains. There was a sharp decline on Friday just after noon and the market remained weak till about 2.20 pm. After this, it gained strength and hit new all-time highs and closed near to it. 
The S&P BSE Sensex opened at 25,845 while CNX Nifty opened at 7,718. Sensex hit a high at a low at 25,659 while Nifty hit a low at 7,661. Both the indices hit its new high at 25,982 and 7,758, respectively. Sensex closed at 25,962 (up 138 points or 0.54%) while Nifty closed at 7,752 (up 37 points or 0.48%). The NSE recorded a volume of 99.65 crore shares. India VIX rose 1.97% to close at 18.1550.
Finance Minister Arun Jaitley said there is "no panic situation" but asked the states to take measures to crack down on hoarding and black marketing to rein in prices. The Reserve Bank of India (RBI) will issue the guidelines that will be used to grant on-tap and differentiated banking licenses later this year, deputy governor R Gandhi told the media on Friday.
The Oil Ministry may move the Cabinet Committee on Political Affairs (CCPA) soon with the expert panel recommendations of raising kerosene price by Rs4 a litre and cooking gas (LPG) rates by Rs250 per cylinder.
Prestige Estate (8.38%), top gainer in the ‘A’ group on the BSE, was in news for that the builder bought 8-acre prime plot in south Bangalore from Siemens for Rs345 crore.
Shree Cement (2.11%), among top four losers in the ‘A’ group on the BSE, said that it has commissioned a grinding unit of two million tonnes per annum (mtpa) capacity at Aurangabad in Bihar.
Reliance Industries plans to enter the e-commerce of grocery venture by the year-end. It plans to offer express deliveries of fresh fruit and vegetables to homes in Mumbai. The company was the top gainer (2.47%) in the Sensex 30 pack.
US indices closed in the positive on Thursday. US markets are closed today for Independence Day holiday.
US employers added 288,000 workers to nonfarm payrolls in June, following a 224,000 increase in May that was bigger than previously estimated. A 1.39 million increase in employment over the past six months was the largest since early 2006, while the unemployment rate fell to 6.1%, the lowest level since September 2008.
Asian indices showed a mixed performance. Nikkei 225 (0.58%) was the top gainer while KLSE Composite (0.20%) was the top loser.
European indices were showing mixed trading.


SEBI postpones new rules on delivery instruction slips till October

Due to difficulties expressed by the depositories and the depository participants, SEBI said it  has decided to postpone its new norms on delivery instruction slips -DIS till October

Market regulator Securities and Exchange Board of India (SEBI) on Friday said its new framework to strengthen the supervisory and monitoring role of depositories and their participants for issuance and processing of delivery instruction slips (DIS) will come into force from October.


As per earlier plan, the new norms were to take effect from 7th July.


In a circular, the market regulator said: "In light of the difficulties expressed by the depositories and the depository participants (DPs) and considering their request, it has been decided to make the circular effective from 1 October 2014."


A DIS is used by sellers of securities to instruct their depository participants to debit their demat account.


The SEBI, which issued the norms on issuance and processing of DIS on 7th January, had said that the new framework would come into effect after six months - 7 July 2014.


Further, SEBI said that a period of one month may be given for receipt of DIS by the beneficial owners (BO).


"The DPs may accept old DIS during this transit period. Further, while issuing new DIS the DPs shall intimate the BO that old DIS cannot be used after the new DIS is received," the regulator added.


According to new guidelines, depositories needs to ensure that the DIS is standardised across all depository participants in terms of serial number and layout and size of DIS to facilitate scanning and easy retrievability of records.


The depositories would have to prescribe a standard method of serial number and ensure that these numbers are unique.


Also, DPs need to ensure that same DIS will not be used for giving both market and off-market instruction. Besides, a single DIS will not be used for transactions with multiple execution dates.


The depositories will have to ensure that their participants have adequate infrastructure, systems and processes to implement scanning, storage and transfer of the scanned DIS in the manner specified by the depositories.


They also need to ensure that the systems set up by the DPs maintain proper records of all scanned DIS images and put in place adequate checks and procedures to prevent unauthorised changes.


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