Former Andhra Pradesh CM Jagan Mohan Reddy condemns attack on Zilla Parishad chairperson Uppala Harika
He stated in a press release that his party workers informed him about the alleged attack by Telugu Desam Party (TDP) and Jana Sena Party workers that took place in Gudivada on July 12, 2025. The situation was extremely disturbing, especially when the district's first citizen, who was a woman and belongs to the Backward Classes, was left shaken and in fear.
He alleged that the incident was proof of a collapse of basic security and breakdown of governance and public safety in the State, commenting that it [Andhra Pradesh] was heading towards 'jungle rule' under the TDP-led coalition. Mr. Jagan Mohan Reddy promised to stand by Ms. Harika in the face of this political violence and intimidation.
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Indian Express
33 minutes ago
- Indian Express
Opposition parties hit the streets in Tripura over state government's decision to install smart meters, hike power tariff
Various Opposition parties in Tripura Monday protested against the state government's recent decision to install smart electric meters and hike power tariffs. The Congress organised a protest outside a Tripura State Electricity Corporation Limited (TSECL) office in Agartala. Addressing the rally, a Congress leader said, 'The power tariff has been hiked without informing the people. We strongly condemn this and demand the withdrawal of the hike in power tariff… In West Bengal, their party is opposing the installation of smart meters, but in Tripura, the power minister is in favour of the installation of smart meters.' The Congress also organised similar protests over the issue in Unakoti, North Tripura, and Gomati districts. 'In Tripura, people want to know how much commission did (the BJP) get for introducing the smart meter. We demand that the installation be stopped immediately and the hike in tariff be withdrawn for the sake of poor people. There is no food, work here but the government, for the sake of a section of people, is trying to put the burden on the poor people,' said a Congress leader of Pabiacherra Block in Unakoti district. Another Congress leader in Kailasahar said the BJP had assured of fulfilling over 300 promises in their 'Vision Document' before coming to power. He claimed that the BJP said it would introduce a reasonable power tariff. 'After the BJP came to power, the power services are in a miserable condition in Kailasahar. On top of this, the BJP-led state government has decided to install smart meters. Why can the double-engine government not control power tariffs?' he added. Likewise, the Trinamool Congress (TMC) organised a protest in front of Power Minister Ratan Lal Nath's residence in Agartala, demanding the withdrawal of the power tariff and rollback of the decision to install smart meters. 'We have organised a sit-in in front of the power minister's residence and we shall continue our protest till he withdraws the decisions,' a TMC leader said. Meanwhile, the primary Opposition party, CPI(M), also protested in front of the Udaipur Bidyut Bhawan. 'We demand the state to stop the installation of smart meters and roll back the hike in power tariffs,' said a CPI(M) leader. Reacting to the protests, Power Minister Ratan Lal Nath said, 'There has been an attempt to confuse people. The power tariff and the smart meter are two separate things. In the last seven years of BJP rule, the power tariff has been hiked by 24.9 per cent, while the tariff rose by 116.03 per cent during the last seven years of the erstwhile CPI(M) government.' 'Earlier, power services were directly under the state power department, but the Left Front government formed the Tripura State Electricity Corporation Limited in 2004,' he added. The minister said power consumers can keep both meters – the existing electronic meters and the new smart meters – if they have doubts about the smart meters. If any fault were to be detected in smart meters, the government will roll back the decision to install them, he added.
Time of India
38 minutes ago
- Time of India
Foreign short-sellers trigger stock crashes in India with critical reports, and profit from them, reveals report
Proxy firm InGovern has released a report outlining the modus operandi of certain foreign short-sellers who start taking positions in target companies and make gains from the fall in their stock price once the report is released. "Foreign research outfits not registered with Sebi can publish reports on Indian companies without being subject to Indian regulatory scrutiny -- even when their actions directly impact Indian investors and markets," it said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Bank Owned Properties For Sale In Duong Detham (Prices May Surprise You) Foreclosed Homes | Search ads Search Now Undo The report came in the backdrop of US-based Viceroy Research calling billionaire Anil Agarwal-led British firm Vedanta Resources a "parasite" that is "systematically draining" its Indian unit, an allegation which the group called "selective misinformation and baseless" aimed at discrediting it. InGovern said short seller reports have become significant market events, often resulting in heightened volatility and intense scrutiny of targeted companies. These firms first establish a short position in the securities of a company, which is followed by publishing a critical or adverse research report. The report often triggers market reactions, sometimes bordering on panic. Short sellers benefit financially from subsequent movements in stock or bond prices. Live Events In India, the Securities and Exchange Board of India (Sebi) has established a regulatory framework for research analysts. Entities and individuals who publish research on Indian securities are required to be registered with the regulator, ensuring a degree of accountability and oversight regarding the quality and intent of published research. "These regulations are designed to protect investor interests and promote market integrity by holding registered analysts to professional and ethical standards," InGovern said. Citing recent reports against Indian groups, it said instances have emerged where offshore research firms released critical reports while holding economic interests in the securities, yet did not respond to regulatory summons or cooperate with Indian authorities. The reference was to another US short seller, Hindenburg Research, which in January 2023 released a damning report against the Adani Group. Hindenburg, which has since shut shop, did not respond to summons issued by Sebi. "Indian regulators can enforce compliance and accountability among domestic research analysts, but have limited recourse against unregulated foreign entities. This creates a regulatory gap, allowing such firms to influence Indian markets without adhering to the same standards of transparency," InGovern said. "The accuracy of these reports is often debated, but the incentive structure -- where financial gains are tied to negative market outcomes-- raises concerns about motives, with market disruption sometimes prioritised over balanced analysis." Calling for a need for stronger safeguards, it said these dynamics highlight the importance of ongoing dialogue around disclosure norms, cross-border regulatory cooperation, and enhanced investor education as global capital markets become increasingly interconnected. InGovern has said that as an independent proxy advisory firm, it has made recommendations in the past for supporting and opposing various resolutions at Vedanta Group companies, depending on the nature of the proposal and the prevailing governance standards. "Routine resolutions such as adoption of financial statements or reappointment of auditors have generally received support when disclosures and processes met regulatory and best-practice standards," it said. On the proposed demerger of Vedanta, InGovern has noted that it was supported by leading proxy advisory firms (including InGovern) all of whom recommended a vote in favour of the demerger. "These advisors cited potential benefits such as enhanced management focus, improved capital market access, and the opportunity for investors to hold shares in businesses with distinct investment profiles. The demerger is designed to unlock value, sharper strategic focus for each business, and provide flexibility for future growth and collaboration with investors and partners, including the possibility of sale of any of the demerged entities," InGovern said. On the Viceroy report's observations on entity structures, InGovern has stated that such structures are quite common and legitimate. "Infrastructure, mining, and energy businesses require large upfront investments and often operate through holding company structures for regulatory, tax, and operational reasons," it said, adding that parent companies often raise debt at the group level (sometimes at more favourable rates) and use subsidiary cash flows for servicing, which is disclosed and regulated. "This model is not unique to India -- most large conglomerates globally use similar structures, as seen with Glencore, Anglo American, and BHP," it said. InGovern has also highlighted how various regulatory norms in India require ample disclosures for companies, which helps provide information to stakeholders. "Indian regulations (SEBI, Companies Act) require comprehensive disclosure of related-party transactions, inter-corporate loans, and dividend flows." Vedanta Group had denied the claims in the Viceroy Report, stating that the report is a malicious combination of selective misinformation and baseless allegations to discredit the Group.
Time of India
an hour ago
- Time of India
Modi govt gives Governor post to ally TDP, names Gajapathi Raju as Goa Guv
In a rare move, the Narendra Modi government appointed a leader from one of its NDA constituents to the post of governor, choosing TDP member and former union civil aviation minister Pusapati Ashok Gajapathi Raju for the Goa Raj Bhavan. Raju had quit his post as union minister in March 2018 when Chandrababu Naidu walked out of the alliance in protest against the Centre's refusal to give special status to Andhra Pradesh. Apart from Raju, President of India Droupadi Murmu has also appointed former Jammu and Kashmir Deputy Chief Minister Kavindar Gupta as Lieutenant Governor of Ladakh. Gupta, who has also served as Speaker of the J&K Assembly in the past, replaces Brig (Retd.) BD Mishra who resigned from his post. Ashim Kr Ghosh, a veteran BJP leader and former chief of party's West Bengal unit, will be Governor of Haryana. Ashok Gajpathi Raju, 74, hails from the royal family of Vizianagaram in Andhra Pradesh. Apart from his stint as civil aviation minister in the Modi government from May 2014 to March 2018, Raju has also been a minister in Andhra Pradesh from September 1999 to May 2004, holding important portfolios like Finance, Excise, Legislative Affairs and Revenue. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Experts Shocked by New ED Treatment (Works Instantly) fridayplans Learn More Allies are usually interested in ministerial posts and the appointment of Raju as a governor is an exception. Like the NDA-I government, the civil aviation ministry is with TDP in the present dispensation as well with K Ram Mohan Naidu occupying the minister's post. Live Events The appointment of Gupta as LG is also a deviation from the norm as he hails from the erstwhile state of Jammu and Kashmir of which Ladakh was a part before August 5, 2019 when Article 370 was abrogated and it was turned into a union territory. As per convention, the Governor is from another state. The political situation in Ladakh has changed since 2019 and BJP has faced opposition from the people on a host of issues. BJP had also lost the Ladakh Lok Sabha seat in 2024. Professor Ashim Kumar Ghosh is a veteran BJP leader from West Bengal. He held the post of state unit chief from 1999 to 2002. He will replace Bandaru Dattatreya who is leaving before completing five years. He became Haryana Governor in July 2021. BJP is serving its third term in the state.
