Citizens' Issues
Shiv Sena warns of more unrest in police department
In the wake of the homicide and suicide of two police personnel which has shocked Maharashtra, the Shiv Sena on Monday sounded a note of warning about more incidents of unrest in the state police department.
 
It pointed out how Mumbai police, which fought Pakistani terrorists and sacrificed lives during the November 26, 2008, terror attacks, are now killing one another for issues like leave from duty.
 
"Like the farmers in the state, the number of suicides among even the police force is increasing. Will the home department shut the file by treating it as a simple case of homicide and suicide among colleagues?" the Shiv Sena asked in an editorial in the party's mouthpiece Saamana.
 
Such incidents - like on last Saturday when Assistant Sub-Inspector Dilip Shirke availed leave without informing the office and later in a fit of rage, shot dead Senior Police Inspector Vilas Joshi before committing suicide inside the Vakola police station - can disturb the mental equilibrium of the entire police force, it pointed out.
 
"When those very persons who are entrusted with the responsibility of maintaining law and order lose their mental balance, then in future the repercussions can be horrific," the Sena warned.
 
The edit also referred to Chief Minister Devendra Fadnavis -- who holds the home portfolio -- and said that contrary to perceptions about him being a "part-time home minister", he was actually an 'over-time home minister'.
 
The Sena said the police department, working over time, is losing control and colleagues are killing one another and committing suicide "and it will be better if all this can be stopped".
 
Last week's incident follows two recent cases of a policeman being arrested along with his wife in a multi-crore drug scandal and two inspectors raping a upcoming model inside a police station, which dented the image of Mumbai police.

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COMMENTS

Leonora Machado

2 years ago

http://www.scoopwhoop.com/inothernews/br...

The very fabric of our Society is corroded.. corruption accepted, inhuman acts accepted, no moral consciousness .... Those in authority need the tact to change this. Met Vilas Joshi just once he seemed to be unlike his predecessor. He should have known things cant change overnight.

Women's commission summons AAP leader Kumar Vishwas
The Delhi Commission for Women (DCW) has summoned Aam Aadmi Party leader Kumar Vishwas on the basis of a complaint filed by a party volunteer alleging molestation, an official of the DCW said here on Monday.
 
"Kumar Vishwas has been summoned to state his stand on the allegations made by his party volunteer. We have asked him to appear before us tomorrow," said an official of the DCW.
 
"The volunteer had worked for a year in Amethi for the party and now it is a matter of her respect, and so Kumar Vishwas should turn up and give his clarification," the official said.
 
However, sources from Kumar Vishwas camp said he had not received any summons or notice in this connection from the DCW or any other commission.
 
A female volunteer of the AAP had alleged molestation by Kumar Vishwas during campaigning for the Lok Sabha elections in Amethi.
 

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Parag Parikh, promoter of PPFAS Mutual Fund, dies in a crash
Parag Parikh, well known investment expert and founder of PPFAS died on Sunday in a two-vehicle crash at Omaha the US while on a visit to hear investment guru Warren Buffet
 
Parag Parikh, well known investment expert and founder of Parag Parikh Financial Advisory Services (PPFAS) and PPFAS Mutual Fund, died in a two-vehicle crash on Sunday in midtown Omaha.
 
According to media reports from the US, the 60-year Parikh died at the Nebraska Medical Centre, while his wife Geeta is in a critical condition with head and chest injuries.
 
The Parikhs were believed to be travelling along with two other employees of the group Rajeev Thakkar and Raunak Onkar. Report suggest that the Volkswagen Jetta they were driving collided with a Chevrolet pickup before 7am on Sunday where they were on their way to the airport. All four were in Omaha to attend Berkshire's shareholder meeting, an annual pilgrimage that many value investors around the world like to undertake.
 
Last year, Mr Parikh, one of the foremost behavioural investment gurus in India, surrendered his broking licence for starting his asset management company (AMC) and morphed PPFAS into PPFAS AMC.
 
Even with PPFAS, Mr Parikh always challenged the mutual fund industry with his transparency and accountability. Last year in November, PPFAS MF held its first unit holders meet in Mumbai, a first in the mutual fund industry. During the meet, after presenting their investment philosophy, both Mr Parikh and Mr Thakkar, Chief Investment Officer, Associate Director and Equity Fund Manager at PPFAS Mutual Funds, replied to all queries from unit holders and distributors, explaining rationale behind selecting various scrips for the portfolio.
 
PPFAS had instilled some amount of trust by providing accountability to their investors. In Moneylife's analysis of portfolio management schemes (PMS), Mr Parikh's PMS was among the best. Unfortunately, their mutual fund scheme, PPFAS Long Term Value, had not been among the best in comparison with other schemes. Many stocks were not the best in their class and hence were valued available cheap. Returns from them are unlikely to be high, especially since these stocks have not been able to prove themselves over multiple business and market cycles. However, this scheme was designed for the long-term and it would be too early to comment on the performance. In fact, Mr Thakkar mentioned that they were not looking to be among the best, their only aim is to provide investors a decent return over the long-term.
 
Mr Parikh has written two books, "Stocks to Riches - Insights on Investor Behaviour" published by Tata McGraw-Hill in 2006 and "Value Investing and Behavioural Finance - Insights into Indian Stock Market Realities" in 2009.
 
Mr Parikh has also been a strong supporter of Moneylife Foundation's financial literacy work and has also attended talks organised by it.

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COMMENTS

SUBRAMANIAM GANESAN

2 years ago

Really a Sad News!! Not a desired end for a person like Mr Parikh bhai.. May his soul rest in peace..

Pushpesh Kumar Sharma

2 years ago

Very Sad news. Really Mr Parag Parikh was a genius. though i had never invested with him, i referred to his notes on behavioural finance. he had contributed for some to the outlookmoney also.
As is customary, i would also wish that May! He rest in Eternal Peace, but actually i feel that this is not the end a person like Mr Parag Parikh deserved.
Pushpesh Kumar, Bathinda

Kiran Aggarwal

2 years ago

Sorry to know !!
RIP
It a big vacuum to fill as PPFAS was doing some good work in MF schemes and holding Unit holders meeting .

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