Citizens' Issues
Maharashtra's emergency medical service plan may roll out in April

The EMS plan is aimed at offering assistance to accident victims and other critical patients in the 'golden hour', the time during which prompt intervention can save a patient’s life

Mumbai: The first phase of Maharashtra Government's much awaited emergency medical service (EMS) plan is expected to roll out in April, with active participation of Indian American doctors, who are working with authorities to develop US-style EMS and trauma care model for Mumbai, reports PTI.

 

"The first phase of the plan which will cover Mumbai, is expected to be launched in April," co-founder of American Association Physicians of Indian Origin (AAPI) Navin Shah said.

 

Shah, who recently met Union Health Minister Ghulam Nabi Azad, health secretary Desiraju and Maharashtra chief secretary Jayant Kumar Banthia, said mortality rates in accident injuries would come down by around 30% once the EMS and trauma care plan is operationalised.

 

The plan is aimed at offering assistance to accident victims and other critical patients in the "golden hour", the time during which prompt intervention can save a patient’s life.

 

The plan would enable medical professionals to provide aid to the injured within the golden hour. The EMS has been functional in states like Gujarat, Rajasthan, Kerala, Karnataka, Andhra Pradesh, Meghalaya, Assam, Tamil Nadu, Goa, Uttarakand, Punjab, Himachal Pradesh and Chhattisgarh.

 

"We have amalgamated services and expertise of 24 Mumbai hospitals, including Hinduja, Bombay Hospital, Lilavati,Nanavati, Hiranandani, Wockhardt and Bhatia hospitals, besides government run J J, KEM and Sion hospitals," Shah said.

 

"We have full support from the American College of Surgeons Trauma Director, Dr. Wayne Meredith who has offered a fully paid scholarship to invite one Mumbai surgeon for a week’s training in the US. Six US trauma surgeons will also visit India to train surgeons in Mumbai," Shah said.

 

India has one of the highest mortality rates in accident injuries, estimated at around 3.5 lakh deaths annually, Shah said. Of these, around 9,000 are in Mumbai, which has a population of almost 1.6 crore, he added.

 

Azad welcomed the initiative to provide prompt and proper medical care to all emergent patients, especially belonging to middle and lower strata of the society, he said.

 

"Over the last five years, I have been working with the Prime Minister's Office, the Chief Minister and Health Secretary of Maharashtra, Mumbai Municipal Corporation and private hospitals, and have developed the EMS and trauma care plan for Mumbai, based on the one followed in the US," he said.

 

"In our meeting in Delhi last week, the advisor to the Prime Minister, TKA Nair, in fact, phoned the state Chief Secretary and asked him to expedite work on launch of the EMS and trauma care plan," Shah said.

 

"We also have support from the American Medical Association and we would like to create the Maharashtra project as a national model which can be replicated by other states. Such a structured US style service will save a large number of lives and curtail severe disabilities in a number of affected patients," he said.

 

In January, Maharashtra Government approved acquiring 920 ambulances for the entire state, he said. "The Government should list and classify all hospitals in the state as per their facilities and expertise prior to initiating the programme," Shah said.

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Bourses may consider shifting shares of nine companies to normal trading: SEBI

SEBI said the stock exchanges may consider to shift the scrips of nine companies from TFTS to a normal rolling settlement as these companies have established connectivity with both depositories - NSDL and CDSL

Mumbai: Market regulator Securities and Exchange Board of India (SEBI) said the stock exchanges may consider shifting securities of as many as nine companies to normal trading category from restricted segment, reports PTI.

 

The scrips which could now be shifted to rolling settlement include Lifeline Drugs & Pharma, Dera Paints & Chemicals, Ravindra Energy, Count N Denier (India) Ltd, Monotype India, Golechha Global Finance, Shree Manufacturing Company, Midwest Gold and Delta Leasing And Finance, SEBI said in a circular.

 

In 'trade-to-trade' segment, no speculative trading is allowed and delivery of shares and payment of the consideration amount are mandatory.

 

In addition, SEBI also advised the stock exchanges to report to it about the action taken in this regard in the monthly/quarterly development report.

 

SEBI said the stock exchanges may consider to shift the scrips of these (nine) companies from the Trade for Trade Settlement (TFTS) to a normal Rolling Settlement as these firms have established connectivity with both depositories - NSDL and CDSL.

 

The shifting is subject to that 50% of non-promoter holdings in these companies should be in demat or electronic form.

 

"The stock exchanges may consider shifting the trading in these securities to normal Rolling Settlement subject to the following: at least 50% of other than promoter holdings are in dematerialised mode before shifting the trading in the securities of the company from TFTS to normal Rolling Settlement," SEBI said.

 

For this purpose, the listed companies require to obtain a certificate from its Registrar and Transfer Agent (RTA) and submit the same to the stock exchange, the regulator said.

 

In case, an issuer company does not have a separate RTA, it may obtain a certificate in this regard from a practising company Secretary/Chartered Accountant and submit the same to the stock exchange, it added.

 

"There are no other grounds/reasons for continuation of the trading in TFTS," SEBI said.

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SEBI slaps Rs10 lakh fine on Alka Securities promoter

SEBI imposed a fine of Rs10 lakh on Mahendra Pandey one of the promoters of Alka Securities for alleged violation of disclosure norms

Mumbai: Market regulator Securities and Exchange Board of India (SEBI) imposed a penalty of Rs10 lakh on one of the promoters of Alka Securities Ltd (ASL), Mahendra Pandey, for alleged violation of disclosure norms, reports PTI.

 

The order comes about a year after the Securities Appellate Tribunal (SAT) had set aside SEBI's penalty against Pandey related to non-compliance with the disclosure norms.

 

At the time, SAT had directed SEBI to proceed afresh in the case on the ground that the findings of adjudicating officer did not clarify if Pandey was an officer of the ASL.

 

As per norms, a disclosure has to be made by a person who is a director or officer of a listed company.

 

In its latest order, SEBI imposed a fine of Rs10 lakh on Pandey confirming that he is a promoter of ASL and also appointed "Principal Officer" to take care of the company's compliance matters.

 

"Since, the noticee is the promoter and Principal Officer of a SEBI registered intermediary, he is vested with a higher responsibility to make timely disclosures and adhere to the various rules and regulations under the securities laws," SEBI said in its order.

 

SEBI said it is evident that there was a change in the shareholding of Pandey as he sold more than 25,000 shares of ASL on three occasions and also bought more than 25,000 shares of the company on four occasions.

 

As per regulators norms he was required to make the necessary disclosures regarding the change in shareholding pattern to the company and the stock exchange which he failed to do, SEBI said.

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