Consumer Issues
JSPL connived with coal officials to mine illegally: CBI

The CBI probe in the coal scam points fingers at officials in the government and the company in the mining allowances given to the company

 

A CBI investigation report into the coal scam has said that Jindal Steel and Power Limited (JSPL) and Coal Ministry officials connived to allow JSPL to mine coal illegally.
 
JSPL was headed by Congress MP Naveen Jindal. The agency has also filed 17 new FIRs in the coal scam under the Prevention of Money Laundering Act (PMLA).
 
A PTI report said that as against an approved mining volume of 1.35 million tonnes for four years leading up to 2002-03, JSPL had mined a total of 5.9 million tonnes.
 
The CBI has filed cases under both, the Indian Penal Code and Prevention of Corruption Act against officials of companies it is investigating in connection with the coal scam.
 
The agency is working with the Enforcement Directorate on various cases.
 
The JSPL stock fell on the new revelations in the case, it closed the day down by 2.99% at Rs152.75 on the Bombay Stock Exchange.
 

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COMMENTS

Dr Anantha K Ramdas

3 years ago

Though we "elect" the people to represent us, we attach too much importance to them and do not even have the guts to protest when there is enough information available about their "not doing the job, in the right and legal manner".

If JSPL officials "connived" with "coal officials", the least that the government machinery can do, is to order suspension of both until the investigations are complete.

An investigating group has to take over such a responsibility and carry out the job, however unplesant it may be.

We cannot allow this kind of virus to spread. Pending completion of the investigation, all the officials concerned, on both sides, need to be kept under "suspension" and a time frame should be set up to get to the bottom of the mess.

guilty needs to be punished, regardless.

Massachusetts Tightens Rules on Restraining, Secluding Students

Under new rules, Massachusetts schools will not be allowed to use certain techniques to restrain or isolate students as frequently and will have to report all restraints and injuries

 

Schools in Massachusetts will be subject to new limits on physically restraining or isolating public school students under reforms ushered in late last year.
 
School staff members will no longer be permitted to pin students face-down on the floor in most instances and will need a principal's approval to keep children in a "time out" away from class for more than a half-hour.  The changes -- which will be phased in this fall and officially take effect in January 2016 -- also require state officials to collect comprehensive data on how often schools restrain or seclude students and how often someone is hurt as a result.
 
Massachusetts' reforms were shaped, in part, by a June story by ProPublica and NPR that showed physical holds and isolation remain common in public schools across the country. Our analysis of federal data revealed these techniques were used more than 267,000 times in the 2012 school year, with some schools employing them dozens – or even hundreds – of times.
 
There's a growing awareness that, in some cases, children can suffer serious injuries and lasting trauma from such treatment. At least 20 children have died while being held down or left alone in seclusion rooms.
 
Spurred by tougher state and federal regulations, as well as professional standards, psychiatric and health care institutions have worked diligently over the past decade to limit their use of restraints and seclusion.
 
But rules governing public schools have remained more scattershot. The U.S. Department of Education issued restrictions, but made them voluntary. State and local authorities passed a patchwork of regulations that left dangerous techniques illegal in some places but perfectly acceptable in others. For instance, some states don't let schools use restraints that can restrict breathing – such as face-down "prone" restraints –on any children. But others do.
 
 

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Infosys Q3 net rises 13% y-o-y as employees get 100% bonus

The Q3 numbers beat expectations of analysts and Infosys' own guidance for the quarter

 

Infosys declared its quarterly results for the October-December quarter 2014. The numbers beat estimates and net profit grew 13% for the quarter ended 31 December, on a y-o-y basis, while q-o-q growth was at 4.3%. 
 
Infosys also maintained its sales growth outlook for the year, while analysts had expected a cut in the earlier expectation of 7%-9% growth in sales.
 
The Infosys stock reacted positively to the news by closing 5.02% higher on the Bombay Stock Exchange today.
 
In an effort to deal with the high attrition in the industry and the company specifically, the company had instituted various measures for employees. With the announcement of the current results, Infosys also announced a 100% variable bonus to its employees and reports also said that it had gifted 3000 iPhone 6s to employees.
 
This has been a good year so far for CEO Vishal Sikka, who had come in last year to take Infosys into a new growth trajectory after it had started falling behind competitors and the marketplace.
 
Total revenues for Infosys stood at $2.218 billion, up by 2.6%, and total employees stood at 1,69,638, implying an addition of 13,154 employees.
 

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