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Stock manipulation: Midas Infra Trade
Midas Infra Trade gained a stupendous 1104% in 18 months, with almost no income
 

Midas Infra Trade Ltd (MITL) is supposedly in the business of ‘share trading’. Prior to April 2014, MITL was known as Associated Finlease Ltd. It is a dormant company. It reports marginal income from its trading activities. With almost nil net profits, in an 18-month period, the stock of MITL gained a stupendous 1104%—from Rs0.95 on 23 May 2013 to Rs11.44 on 5 November 2014. Since then, the stock price has fallen 46% to Rs6.15 on 23 January 2015. Over this period, the promoters have been reducing their stake. In just a year, they have reduced their stake to 0.35% on September 2014 from 8.85% in September 2013. This suspicious activity did not raise a red flag, despite the regulator and the Exchanges being aware of MITL’s mismanagement in the past. In 2000, MITL’s certificate of registration as a non-banking finance company was rejected by the Reserve Bank of India (RBI) and it was prohibited from accepting deposits. Yet, in 2010, MITL collected money from public through money circulation schemes by making tall promises of high returns. Though this led to a cautionary notice from RBI, no penal action was taken against the company. MITL has also been suspended in the past for not complying with the listing agreement. No wonder, investors are so suspicious of the stock market and have little respect for the regulators.

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Towards Freedom from Child Sexual Abuse
Child sexual abuse is not even acknowledged as a reality by many, say trainers from Arpan who are trying to create awareness about this taboo subject
 
In  India, talking about sex and sexuality is still a taboo. Child sexual abuse (CSA) is not even acknowledged as a reality. People were shocked when Pooja Taparia started creating awareness about the issue. She is the founder of the NGO, Arpan, which started work in this area in 2007. It came into being with a team of just two or three people who started conducting awareness sessions, training various stakeholders like children, parents, teachers, civil society groups, clubs, etc.
 
Going back to her own early work in this field, Pooja recalls, “The inspiration to start working on the issue came when I watched a play on CSA and was deeply moved by it. The play depicted the trauma faced by a survivor of sexual abuse as she carries on with her life, makes decisions, develops relationships and the fears and crisis she experiences in her everyday life. The play shook me from the core. The understanding that children are violated (the violation of not only child’s body but the trust implicit in care-giving relationship) and the revelation that child sexual abuse can be psychologically traumatic and disturb a person’s everyday experience of self and others if not supported and healed at the appropriate time, unsettled me. So I decided to do something about it.”
 
Arpan evolved an effective two-pronged strategy—prevention and healing—to reduce the occurrence of CSA and heal its psychological, social, sexual and physical consequences. Its preventative programme is called ‘Personal Safety Education’ (PSE) and is the core programme. PSE is conducted in private, semi-private and government schools and institutions. The programme aims to empower children by imparting age-appropriate knowledge, information and skills related to personal safety and by building their self-esteem to prevent and protect them from sexual abuse. The programme also includes awareness and skill enhancement of adults like parents, teachers and institutional caretakers who are the primary stakeholders in a child’s life. These stakeholders are empowered with adequate information and skills about CSA so that they can create strong safety and support networks around children in their respective environments.
 
The second part of Arpan’s work is to provide psycho-therapeutic support to children who report cases of attempted and continued sexual abuse. Qualified psychologists work with survivors of CSA and their families to heal the trauma and impact they faced. “We work at various levels to help restore the child’s sense of self awareness, self-worth, create safe and supportive environment, stabilisation, help the child to process the trauma and reach re-integration,” says Pooja.
 
Over the past eight years, Arpan has reached out to over 22,000 children and adults directly through its training and capacity building programmes.
 
An anecdote narrated by a parent illustrates the effectiveness of Arpan’s efforts. “When an uncle tried to kiss my child who has borderline mental retardation, the child categorically said: ‘NO, do not kiss me. I will not allow’… I did not think the child would understand, you trained us and her takeaway is so high that now I am confident that she will be able to protect herself.” The child is just under four years old. Donations can be made in the name of Arpan by demand draft or cheque, payable in Mumbai. Donors will receive a receipt as well as the 80G certificate for income-tax exemption.
 

 

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COMMENTS

Narendra Doshi

2 years ago

Pooja, Kudos for work in this area.

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