logo
Hydro ganja is proving to be a big challenge after Thailand, US made it legal: Fadnavis

Hydro ganja is proving to be a big challenge after Thailand, US made it legal: Fadnavis

Indian Express17 hours ago
Chief Minister Devendra Fadnavis on Thursday said hydro ganja is proving to be a big challenge for the government and since it has been legalised in Thailand and America, cases of it being sent via-parcel are increasing.
Replying to an Attention Motion in the Monsoon Session of the Maharashtra Assembly, Fadnavis informed the house that MD drugs worth Rs 4,115.59 crore were confiscated in 2024 while by May 2025, MD drugs worth Rs 138.90 crore were seized.
'Breaking the drug infrastructure and giving wide publicity to the anti-drug movement by involving school children is a campaign that has been kickstarted in many commissionerates,' said Fadnavis. He said the police are not only arresting drug peddlers but have also made probes into the forward-and-backward links compulsory. 'Even last-stage cancer patients are being used (as carriers),' he said.
'It was found that ports in Gujarat and the Jawaharlal Nehru Port Trust (JNPT) in Maharashtra were used to bring in drugs concealed in cargo consignments. Scanners that can detect concealed drugs have been installed in Gujarat and Maharashtra. Randomised checking of shipments from certain countries, where there is a possibility of drug supply, is being done,' said the CM adding that due to intense action taken by the police, the number of cases being reported are also higher.
Fadnavis reiterated that since drug peddlers secure bail and again resort to similar activities, the state government is amending the laws to book them under the stringent Maharashtra Control of Organised Crime Act.
'Hydro ganja is proving to be a challenge. Thailand and the US have made it legal. So hydro ganja is being pushed into the country through courier services and other routes,' said Fadnavis, highlighting the deportation of alleged drug cartel operator Naveen Jichkar who bought an island in Australia which he used to send hydroponic ganja from Thailand and the US through courier.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Rs 65-Lakh Land Rover Sold For Rs 8 Lakh Because Of Delhi Vehicle Policy
Rs 65-Lakh Land Rover Sold For Rs 8 Lakh Because Of Delhi Vehicle Policy

NDTV

time39 minutes ago

  • NDTV

Rs 65-Lakh Land Rover Sold For Rs 8 Lakh Because Of Delhi Vehicle Policy

New Delhi: The Delhi government's plan to lift the fuel ban on end-of-life vehicles and make efforts to resolve issues related to the restrictions on their movement has come too late for one man, who had to sell two expensive vehicles at throwaway prices because of the policy. In 2014, the National Green Tribunal ruled that diesel vehicles over 10 years old and petrol vehicles over 15 years old will not be allowed to be used in Delhi and the National Capital Region. This was later upheld by the Supreme Court. This policy forced Nitin Goyal to sell his 2013 Jaguar Land Rover, which he bought for Rs 65 lakh, to a person from Himachal Pradesh for just Rs 8 lakh. He also sold his 10-year-old Mercedes C Class 220 CDI Sports Limited Edition, for which he had paid Rs 40 lakh, for just Rs 4 lakh. Goyal asked that if BS-IV vehicles were being allowed to be sold till 2020, how were vehicles that followed the same norms, but manufactured in 2013, suddenly unfit for use? He has now bought a Jaguar F-Pace. Delhi Government's Letter The Delhi government on Thursday urged the Commission for Air Quality Management (CAQM), which is responsible for taking anti-pollution measures for the Capital and NCR, to suspend the fuel ban on end-of-life vehicles just two days after it was implemented. Pumps in Delhi had been instructed not to give fuel to diesel vehicles older than 10 years and petrol vehicles older than 15 years. Following outrage, Delhi Environment Minister Manjinder Singh Sirsa said the fuel ban was not feasible and technological challenges were coming in the way of implementing it. Mr Sirsa said people were unhappy because of the ban and the BJP government would stand by them. "Because of several critical operational and infrastructural challenges, it will not be feasible to implement this order at this juncture. In fact, immediate implementation may be premature and potentially counterproductive," Mr Sirsa said in a letter to the CAQM. The government also said it will make all efforts to resolve issues related to the restrictions on the movement of end-of-life vehicles in Delhi. How To Get Back Impounded Vehicles More than a dozen four-wheelers and over 60 two-wheelers were also seized after July 1, when the fuel ban came into effect. To recover the impounded vehicles, three conditions will need to be met: An affidavit will have to be given that the vehicle will be taken out of Delhi to another state. A challan of Rs 10,000 will have to be paid. The expenses incurred by the Transport Department in seizing the vehicle will also have to be reimbursed by the vehicle's owner.

Jane Street Fallout: Zerodha's Nithin Kamath flags risk to brokers and stock exchanges
Jane Street Fallout: Zerodha's Nithin Kamath flags risk to brokers and stock exchanges

Economic Times

time40 minutes ago

  • Economic Times

Jane Street Fallout: Zerodha's Nithin Kamath flags risk to brokers and stock exchanges

Jane Street allegedly executed a Rs 36,500 crore market scam, raking in Rs 43,289 crore in options profits while booking Rs 7,208 crore in deliberate losses in futures and equities. Synopsis SEBI's action against Jane Street may be justified, but it could have unintended consequences, warns Zerodha CEO Nithin Kamath. With prop firms like Jane Street driving nearly 50% of options volumes, their exit could dent retail participation and impact brokers and exchanges. Market regulator Sebi's crackdown on Jane Street may have been necessary, but it could spell trouble for stock exchanges and brokers, according to Zerodha Founder and CEO Nithin Kamath. Highlighting the broader impact, Kamath warned that if proprietary trading firms like Jane Street, which account for nearly 50% of options volumes, pull back, retail participation could also take a hit. ADVERTISEMENT "...there's a flip side. Prop trading firms like Jane Street account for nearly 50% of options trading volumes. If they pull back— which seems likely —retail activity (~35%) could take a hit too. So this could be bad news for both exchanges and brokers," Kamath said in a tweet. Lauding SEBI's intervention, Kamath said that if the allegations are proven, it would amount to blatant market manipulation. "You've got to hand it to SEBI for going after Jane Street. If the allegations are true, it's blatant market manipulation. The shocking part? They kept at it even after receiving warnings from the exchanges. Maybe this is what happens when you're used to the lenient U.S. regulatory regime. Think about the structure of U.S. markets: dark pools, payment for order flow, and other loopholes that allow hedge funds to make billions off retail investors. None of these practices would be allowed in India, thanks to our regulators," the tweet said further."The next few days will be telling. F&O volumes might reveal just how reliant we are on these prop giants. I'll share more data as and when anything interesting turns up," Kamath Street, one of the world's most sophisticated trading firms, allegedly pulled off a Rs 36,500 crore market scam, making a whopping Rs 43,289 crore in options profits while deliberately losing Rs 7,208 crore in futures and equities. ADVERTISEMENT The market watchdog in a 105 page order issued on Thursday imposed comprehensive interim restrictions on Jane Street pending detailed investigation. Jane Street entities are completely restrained from accessing securities markets and prohibited from buying, selling, or dealing in securities directly or regulator also ordered impounding of Rs 4,843.57 crore in unlawful gains, requiring Jane Street to deposit this amount in an escrow account with a lien in favor of SEBI. All bank accounts, demat accounts, and custodial accounts are frozen, with no debits allowed without SEBI permission (though credits can be accepted). ADVERTISEMENT The entities also cannot dispose of or alienate any assets in India until the unlawful gains are deposited in the escrow has given Jane Street 21 days to file objections, and it can request a personal hearing. The interim restrictions remain in force until further orders from SEBI. ADVERTISEMENT Meanwhile, the stock exchanges have been directed to closely monitor any future dealings by Jane Street to ensure they don't engage in manipulative activities using the patterns identified in the order. Read More: Explained: What is Jane Street and how it made Rs 36,500 crore profit by gaming Dalal Street ADVERTISEMENT 'Jane Street is committed to operating in compliance with all regulations in the regions we operate around the world,' the firm said in an emailed response to Reuters. 'Jane Street disputes the findings of the SEBI interim order and will further engage with the regulator.' (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel) sebisebi action on jane streetjane streetnithin kamathzerodha Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY

‘Rs 20 lakh stolen in 60 seconds': Thieves in South Delhi drive away parked car after hacking its security system, video goes viral
‘Rs 20 lakh stolen in 60 seconds': Thieves in South Delhi drive away parked car after hacking its security system, video goes viral

Indian Express

timean hour ago

  • Indian Express

‘Rs 20 lakh stolen in 60 seconds': Thieves in South Delhi drive away parked car after hacking its security system, video goes viral

Thieves hacked the security system of a car parked outside a house in South Delhi's Safdarjung Enclave on June 21 and drove away with the vehicle in less than a minute. The car's owner, Rishab Chauhan, uploaded the CCTV footage of the alleged theft that took place at 4.50 am on his social media page with the title 'Rs 20 lakh stolen in 60 seconds', and it soon went viral with over three million views. The footage shows a car pulling up next to Chauhan's top-end variant Creta, worth over Rs 20 lakh, and a man stepping out to break the glass window at the driver's side before leaving. Moments later, the same vehicle returns, and a man with a face mask and holding a tablet-like gadget hacks the Creta's security system. Within seconds, he opens the door without a key, and drives off with the vehicle that was reportedly only six months old. 'Hi, my Hyundai Creta got stolen in 60 seconds on 21st June 2025. As can be seen in this video that I took from my CCTV camera, the CRETA is no longer safe outside. Its security system has been hacked or leaked and can be bypassed in 60 seconds,' wrote Chauhan on Instagram. A post shared by Rishabh Chauhan (@421sweetdevil) Chauhan also shared a screenshot of the police complaint registered and stated that the Delhi Police have launched an investigation into the incident. Chauhan, in his video, expressed surprise that such a theft could occur in the upscale locality he lives in, especially since the police heavily barricade the area at night to prevent thefts and untoward incidents. The police told The Indian Express that the district's Anti-Auto Theft Squad is looking into the theft and will tap into known networks of car thieves to identify the suspects. 'The machine that the suspects used to unlock the car is generally used by mechanics when car owners have lost their keys,' explained Amit Goel, Deputy Commissioner of Police, South West. 'It is used to make duplicate keys in a matter of seconds and car thieves generally smuggle these machines to use in robberies,' he added.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store