Latest news with #Shrinate
The Hindu
12-07-2025
- Politics
- The Hindu
Congress targets Bihar Minister over fake medicine conviction
Congress national spokesperson and chairperson of the party's Social Media and Digital Platforms, Supriya Shrinate, on Saturday (July 12, 2025) criticised Bihar Urban Development Minister Jivesh Mishra over his conviction in a 15-year-old fake medicine case, asserting that his continued presence in the Cabinet reflected a moral crisis in public life. Addressing a press conference at the Congress headquarters in Patna, Ms. Shrinate said the issue of spurious drugs was not merely a legal or regulatory concern, but one that directly affected public health, human lives, and the moral fabric of governance. Also Read | Chirag Paswan raises concern over rising crime in Bihar, questions police accountability 'Bihar government's Urban Development Minister Jivesh Mishra has been found guilty of supplying fake medicines. There was a time when a Minister used to resign merely when their name was mentioned in an allegation. Public life demands dignity and morality, but in the 'double engine government', this guilty person roams freely and fearlessly as a Minister,' she said. Mr. Mishra, a Bharatiya Janata Party (BJP) leader and MLA from Jaale Assembly constituency in Darbhanga district, was convicted by a Rajasthan court on June 4, 2025, along with eight others in a case relating to the manufacture and distribution of substandard drugs. According to Ms. Shrinate, Mr. Mishra is a director of a pharmaceutical company named Alto Health Care Private Limited. During a drug inspection conducted in Rajasthan's Rajsamand district, Ciproline-500 tablets supplied by the company were found to be adulterated and not compliant with prescribed quality standards. 'Instead of being sent to jail, the court gave him relief under Sections 4 and 5 of the Probation of Offenders Act, 1958,' Ms. Shrinate noted. She elaborated that Section 4 allows for first-time offenders to be released on probation if the court believes in the possibility of their reform. Section 5, she added, empowers the court to impose a fine and release the offender on similar terms. 'Jivesh Mishra was not punished, but was released through probation and fine. What is the human side of this? The question is not just about the law; the question is about those thousands of patients who received these substandard or adulterated medicines,' she said. 'Can anyone do business at the cost of life? Can a person holding a ministerial position escape this crime of public trust by calling it a 'first-time offence'? Were the lives of those whose family members took such medicines jeopardised or not?' she asked. The Congress spokesperson demanded Mr. Mishra's resignation on moral grounds and called on the Union Health Ministry and Drug Control Authority to clarify what action had been taken following the conviction. She further questioned whether similar leniency would be extended to a common citizen in such a case. 'Today, when there are concerns about the quality of medicines in the country, this case will set a precedent – either accountability will be fixed, or the business of adulterated medicines will continue to flourish under the shield of politics,' she said. Ms. Shrinate also criticised the State government for the alleged deterioration of law and order in Bihar. Referring to incidents of violence involving women, minors, and businessmen, she described the prevailing situation as 'Goonda Raj'.
India Gazette
11-07-2025
- Entertainment
- India Gazette
"Was not expecting this...": Director Bharat Shrinate after HC stays 'Udaipur Files' release
New Delhi [India], July 11 (ANI): Director of 'Udaipur Files: Kanhaiya Lal Tailor Murder', Bharat S Shrinate on Friday said that he was shocked by the High Court's order to halt the release of the film, which was scheduled to hit theatres today. Shrinate told ANI that he was not 'expecting' the Delhi High Court to order a stay on the release of the film. 'I was not expecting such a decision because just a day before the petition (in Delhi HC), the petitioner filed a petition in the SC and it was denied. So, in the High Court, I don't know how it happened,' said Shrinate. The director further stated that they will move the Supreme Court to request the removal of a stay order for the film. 'We are not questioning any judicial. So we are going to the Supreme Court,' added Bharat. The Delhi High Court had yesterday ordered a stay on the release of the film. The stay will remain in effect until the Central Government decides on the revision application filed by Jamiat Ulema-i-Hind against the certification granted by the Central Board of Film Certification (CBFC). A Division Bench of Chief Justice Devendra Kumar Upadhyaya and Justice Anish Dayal passed the interim order while hearing two petitions, one by Jamiat Ulema-i-Hind and another by journalist Prashant Tandon, challenging the CBFC's decision to grant certification to the film. The petitioners argued that the film's release could disturb communal harmony and pose a serious threat to public order, given the sensitive nature of the subject. The Court observed that since the petitioners had been relegated to invoke the revisional remedy under the Cinematograph Act, 1952, the release of the film must remain stayed until a decision is made on their application for interim relief. 'We provide that till the grant of interim relief is decided, there shall be a stay on the release of the film,' the bench stated. 'Udaipur Files' is based on the 2022 murder of Kanhaiya Lal, a tailor in Udaipur, Rajasthan, who was brutally killed in broad daylight by two men allegedly angered by a social media post in support of former BJP spokesperson Nupur Sharma. The incident had triggered national outrage and raised serious concerns about radicalisation and communal violence. The petitioners contended that the film sensationalises the incident and may further inflame tensions. They also raised concerns over the timing of the release, just ahead of upcoming elections in several states. The Court, while not going into the merits of the film itself, held that the legal procedure for challenging CBFC certification must be followed and ensured that no irreparable damage occurs in the interim. (ANI)
NDTV
11-07-2025
- Entertainment
- NDTV
Director Bharat Shrinate After HC Stays Udaipur Files Release: "Was Not Expecting This..."
New Delhi: Director of Udaipur Files: Kanhaiya Lal Tailor Murder, Bharat S Shrinate on Friday said that he was shocked by the High Court's order to halt the release of the film, which was scheduled to hit theatres today. Shrinate told ANI that he was not "expecting" the Delhi High Court to order a stay on the release of the film. "I was not expecting such a decision because just a day before the petition (in Delhi HC), the petitioner filed a petition in the Supreme Court and it was denied. So, in the High Court, I don't know how it happened," said Shrinate. The director further stated that they will move the Supreme Court to request the removal of a stay order for the film. "We are not questioning any judicial. So we are going to the Supreme Court," added Bharat. The Delhi High Court had yesterday ordered a stay on the release of the film. The stay will remain in effect until the Central Government decides on the revision application filed by Jamiat Ulema-i-Hind against the certification granted by the Central Board of Film Certification (CBFC). A Division Bench of Chief Justice Devendra Kumar Upadhyaya and Justice Anish Dayal passed the interim order while hearing two petitions, one by Jamiat Ulema-i-Hind and another by journalist Prashant Tandon, challenging the CBFC's decision to grant certification to the film. The petitioners argued that the film's release could disturb communal harmony and pose a serious threat to public order, given the sensitive nature of the subject. The Court observed that since the petitioners had been relegated to invoke the revisional remedy under the Cinematograph Act, 1952, the release of the film must remain stayed until a decision is made on their application for interim relief. "We provide that till the grant of interim relief is decided, there shall be a stay on the release of the film," the bench stated. Udaipur Files is based on the 2022 murder of Kanhaiya Lal, a tailor in Udaipur, Rajasthan, who was brutally killed in broad daylight by two men allegedly angered by a social media post in support of former BJP spokesperson Nupur Sharma. The incident had triggered national outrage and raised serious concerns about radicalisation and communal violence. The petitioners contended that the film sensationalises the incident and may further inflame tensions. They also raised concerns over the timing of the release, just ahead of upcoming elections in several states. The Court, while not going into the merits of the film itself, held that the legal procedure for challenging CBFC certification must be followed and ensured that no irreparable damage occurs in the interim.
Indian Express
08-07-2025
- Business
- Indian Express
Congress targets govt, SEBI on Jane Street ‘market manipulation'
The Congress on Tuesday hit out at the SEBI and the government for not taking timely action against US algorithm trading firm Jane Street for 'stock market manipulation'. Congress head of social media department Supriya Shrinate said Jane Street had in 2024 admitted in a US court it made $1 billion in India in 2023 from the Indian options market by exploiting 'inefficiencies'. 'By 2024, that amount grew to $2.3 billion, which was 11.2% of all the money it made around the world. But SEBI didn't act on this information, it was only in February 2025 that SEBI issued a mild warning, a cautionary letter to Jane Street, warning against its questionable trading patterns. But the firm continued its manipulative trades till as late as May 2025,' Shrinate said. Criticising SEBI, she said its 'report shows that 93% of retail investors lost money in derivatives trading between FY2021 and FY2024'. 'In FY2024 alone, 91.1% of traders lost Rs 52,400 crore,' she said. She said instead of protecting small investors, SEBI turned a blind eye to 'rampant fraudulent activities'.
The Hindu
08-07-2025
- Business
- The Hindu
Jane Street row: Congress says ₹44,000 crore of ordinary investors siphoned off to U.S. under government's nose
The Congress on Tuesday (July 8, 2025) alleged that the New York-based hedge fund Jane Street has siphoned off ₹44,000 crore of 'unsuspecting small investors' by manipulating the Futures and Options (F&O) market, and questioned how the Modi government allowed this scam to go on for so long. Addressing a press conference at the All India Congress Committee (AICC) headquarters, Supriya Shrinate, party spokesperson and chairperson of the social and digital media department, claimed that Jane Street, an American algorithm trading firm, looted unsuspecting small investors of Indian markets for five continuous years, while the Securities and Exchange Board of India (SEBI) and all other regulatory institutions 'remained in deep slumber'. Ms. Shrinate said that SEBI's own findings on Jane Street show that the firm made a humongous profit of ₹44,000 crore between January 2023 and March 2025 and repatriated all that money to the U.S. 'Were the agencies sleeping?' 'The total profits must be much more than this amount as these were the profits for just two-year period while Jane Street has been doing business in India for almost five years,' she said, adding, 'Were the investigation agencies such as Enforcement Directorate (ED) and Income Tax sleeping?' Ms. Shrinate noted that Leader of the Opposition Rahul Gandhi had repeatedly and regularly cautioned the government about protecting the interests of the small investors in the F&O market, and still institutions such as SEBI and the National Stock Exchange (NSE), which are supposed to protect their interests, were caught napping as the 'looting' continued. Alleging gross negligence by SEBI, Ms. Shrinate said, 'Five months ago, it had issued a mild warning to Jane Street but did not take any action and allowed it to trade till July.' 'What were PM, other Ministers doing?' Claiming that details about Jane Street's working were in public domain, the Congress leader said that the hedge fund, during a court hearing in the U.S., had openly admitted that it had been making huge profits in India because of the 'inefficiencies here and still SEBI failed to take note'. 'Interestingly, this was the same Madhabi Puri Buch era of the SEBI that saw many other such scandals,' she said. Ms. Shrinate asked what were the Prime Minister, Home Minister, Finance Minister and the SEBI doing while Jane Street 'was robbing the Indian investors'. 'Who allowed Jane Street to repatriate such a huge amount of money to the U.S. and how does the government of India plan to get this money back,' she asked.
