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Can victims of Jane Street scam be compensated by investor protection funds?

Can victims of Jane Street scam be compensated by investor protection funds?

Time of India4 days ago
India's capital markets have no shortage of investor protection funds. But in the wake of the massive Jane Street scandal, the big question is: Can any of these funds really provide timely relief? Earlier this month, the Securities and Exchange Board of India (Sebi) ordered the impounding of INR4,843 crore from US-based high-frequency trading firm Jane Street. The market regulator alleges that the firm manipulated index prices — primarily the
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Questions arise over ‘ineffectivecrowd control, missing cops at site'
Questions arise over ‘ineffectivecrowd control, missing cops at site'

Time of India

time20 minutes ago

  • Time of India

Questions arise over ‘ineffectivecrowd control, missing cops at site'

Haridwar: The Mansa Devi temple stampede has raised several questions over failure in proper crowd control and management by Haridwar district administration and police, as per locals. Many pointed out that adequate police presence on the pedestrian route and the entrance for better crowd control could have averted the tragedy, adding that the situation was exacerbated by unauthorised structures on the route. Mohan Lal, whose six-year-old nephew Arush died in the stampede, said, "Only if there were proper arrangements on the temple route, my nephew would've been alive today. There was no police presence on the narrow route. It was overcrowded with people moving up and down at the same time, leading to the congestion. Also, no one could move forward... Even after the incident, help arrived late." People started to panic when rumours spread that the temple gates were being closed, Lal said, adding: "It was a terrible sight." Video clips of the stampede showed a huge crowd of men, women and children stuck in a narrow passage leading to the temple. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like New Retirement Villages Near Sylhe Sadar Senior Living | Search Ads Undo Dozens of people, seemingly glued to each other and hardly moving, could only manage to hold the children above their heads, news agency PTI reported. Mahendra Pratap Singh, an eyewitness who saw the stampede from a rooftop a little distance away, was quoted by PTI as saying that excess crowd was "the only factor to the tragic incident." Ajay Jaiswal, a local, was also quoted by the agency as saying that the administration should have been more alert. "Mansa Devi is the biggest centre of attraction for devotees in Haridwar after Har Ki Pauri. Thousands of devotees come here every day. The crowd swells during the month of Sawan as a rule. Being a Sunday, the possibility of a larger crowd was very much there. So, the administration should have been more alert," he said. Haridwar-based social activist JP Badoni told TOI, "This tragedy could've been averted. Local administration is solely responsible. This is not the first such tragedy in Haridwar. However, lessons from the past have clearly not been learnt. There are over 200 illegally constructed shops along the Mansa Devi pedestrian route, many of which draw electricity illegally. Despite the area being a reserved zone, the forest department never took any action. The religious trust managing the temple also never addressed the growing risks." Badoni urged immediate legal steps against those responsible. Meanwhile, assuring a comprehensive review, DM Mayur Dixit told TOI: "The temple administration has been directed to employ private security. Crowd management protocols at religious sites will undergo review." Soon after the tragedy, chief minister Pushkar Singh Dhami instructed disaster management secretary Vinod Kumar Suman to conduct a comprehensive assessment of crowd management, route planning and security measures across Uttarakhand's pilgrimage sites to prevent similar incidents in future.

Nuns' arrest in Chhattisgarh State-sponsored terrorism, says Hibi Eden
Nuns' arrest in Chhattisgarh State-sponsored terrorism, says Hibi Eden

The Hindu

time36 minutes ago

  • The Hindu

Nuns' arrest in Chhattisgarh State-sponsored terrorism, says Hibi Eden

Terming the recent arrest of two Catholic nuns from Kerala in Chhattisgarh on charges of alleged religious conversion and human trafficking as an incident of State-sponsored terrorism, Ernakulam MP Hibi Eden said he would raise the matter in the Lok Sabha, along with the increasing number of attacks on members of minority communities in northern India. Uniformed forces like the Railway Protection Force (RPF) and the respective Government Railway Police (GRP) are behaving like affiliates of the RSS, he alleged. Nuns and other members of minority communities are increasingly being denied the rights guaranteed to them by the Constitution across the country. In this situation, the Lok Sabha must adjourn its sitting until the government makes a statement on the recent 'terror attack' targeting nuns—forcing them to hide their attire—and on the measures being taken to ensure the safety and security of religious minorities. Such incidents are a threat to the rule of law, he said. Sunday's arrest of the nuns raises serious questions about the safety and security of religious minorities in our country. Given the gravity of the situation and its potential implications for communal harmony and national security, it is imperative that the House discusses this matter at the earliest opportunity. The government's response to this incident, and the measures it proposes to prevent such events in the future, are of utmost importance, Mr. Eden added. Terming the arrest of the nuns as part of the 'Sangh Parivar agenda', the Kochi-based Archdiocesan Movement for Transparency (AMT) of the Syro Malabar Church said most Christians in northern India are living in fear of attacks. This is especially true in Chhattisgarh and Madhya Pradesh. Nuns and others from the community have been doing voluntary service in such remote areas, where the government machinery has little presence, said Riju Kanjookaran, spokesperson of the movement. 'CBCI inaction' Sadly, the Catholic Bishops' Conference of India (CBCI) is weak and unable to find solutions to such issues or initiate legal action. Their role ends with issuing a statement in the wake of such attacks. The CBCI has failed to initiate policy measures or bring international pressure to end such well-planned and coordinated attacks, he added.

Trump says US-EU trade deal is close — But sticking points remain
Trump says US-EU trade deal is close — But sticking points remain

Mint

time36 minutes ago

  • Mint

Trump says US-EU trade deal is close — But sticking points remain

US President Donald Trump on Sunday expressed optimism over reaching a trade deal with the European Union, even as the clock ticks toward an August 1 deadline that could trigger sweeping tariffs on EU exports to the United States. Speaking at the start of a high-stakes meeting with European Commission President Ursula von der Leyen at his Turnberry golf resort on Scotland's western coast, Trump said there was a 'good chance' of striking an agreement, despite 'three or four main sticking points' — most notably around what he called 'fairness' in car and agricultural exports. US President Donald Trump on Sunday expressed confidence that the United States and the European Union could strike a trade deal, even as a looming August 1 deadline threatens to trigger sweeping tariffs on EU exports. Trump said at the start of a meeting with European Commission President Ursula von der Leyen at his Turnberry golf resort in Scotland that 'three or four main sticking points' remain, with the key issue being 'fairness,' particularly regarding barriers to US car and agricultural exports. Von der Leyen acknowledged that talks were balanced on a knife's edge, saying there was a '50-50' chance of securing an agreement before the deadline. 'President Trump is a tough negotiator and dealmaker,' she said ahead of the meeting. 'If we reach an agreement, it will be the biggest deal either of us has done.' She also emphasised that any deal would need to be based on fairness and a rebalancing of the current trade relationship between the two economies. The high-stakes meeting comes amid escalating pressure from Washington, which has threatened to impose a 30% across-the-board tariff on EU goods unless a deal is reached. Currently, EU exports already face tariffs of 25% on automobiles, 50% on steel and aluminum, and an additional 10% on other goods. The European Commission, representing all 27 EU member states, has been striving to avoid further economic strain and prevent retaliation, while preserving a transatlantic trade relationship worth approximately $1.9 trillion annually. Sunday's face-to-face meeting between Trump and von der Leyen was a last-ditch effort to avoid a transatlantic trade rupture. A breakthrough, if reached, could avert what both sides view as a damaging trade war and offer a path forward for stabilizing US-EU relations amid broader geopolitical tensions.

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