Tag: committee

‘Committee should examine truthfulness of Hindenburg report’, Centre to SC

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New Delhi: The Central government has told the Supreme Court that the “truthfulness” of the allegations levelled by a US short seller against the Adani Group should be examined and a fact-finding exercise is required to be undertaken as a one-time measure and without making it a precedent.
In a note submitted in the apex court, the Central government supported the formation of a committee to probe the allegations made in the Hindenburg report.
The government said in view of the unprecedented financial loss suffered by the investors and in view of the complexities involved in the subject which requires urgent consideration, a fact-finding exercise requires to be undertaken as a one-time measure and a committee can be constituted with a former judge of the Supreme Court as its head.
The Centre proposed the committee could include the Secretary in the Ministry of Home Affairs, and the Director of the Enforcement Directorate.
“The committee shall have all the powers to undertake an effective investigation with all powers which are available under the relevant legislations regulations/rules, including every authority and power to avail all assistance and protocols for its investigation outside India,” said the note.
It added that this committee should have no reflection either on the ability or competence of Sebi and all other statutory agencies, and it should submit a report within a period of eight weeks.
The Centre said the committee should submit a report “regarding the truthfulness or otherwise of the allegations levelled against Adani group of companies in the Hindenburg report”.
The note added, “To ascertain and submit a report regarding Hindenburg’s admitted claim of taking a ‘short position in Adani Group companies through US traded bonds and non-Indian traded derivatives instruments’ prior to the publication of its subject report with all underlying transactions undertaken/made either by Hindenburg itself, its associated companies/concerns and/or connected entities/individuals, whether within or outside India in violation of any regulatory/penal/preventive or other statutory provisions.”

It added that the committee should ascertain and submit a report regarding the details of all undisclosed “short positions” and/or other transactions, source of funds and profits made by short sellers in India or abroad prior to and/or in near proximity of the Hindenburg report.
“Suggest measures to strengthen investor awareness including at the point of trade. Suggest measures to strengthen statutory and/or regulatory framework for further and better protection of investors,” added the note.
The Supreme Court is yet to issue an order on setting up of a panel proposed to examine investor protection mechanisms against the backdrop of the Hindenburg report.
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#Committee #examine #truthfulness #Hindenburg #report #Centre
( With inputs from www.siasat.com )

February 17, 2023
AAP ‘frustrated’ with defeat in Delhi Haj Committee election: BJP

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New Delhi: Delhi BJP has said that the AAP is “frustrated” after its defeat in Delhi Haj Committee election.
“It is strange that the Delhi Haj Committee was constituted by the Lt. Governor of Delhi on January 6 and Ms Atishi has today – after 40 days – reacted on it, calling the constitution of the Committee illegal,” Delhi BJP spokesperson Syed Yaseer Jilani said.
“The problem with AAP is that it can never digest defeat, and that too at the hands of a woman,” he added.
The BJP spokesperson further said that Arvind Kejriwal “does not believe in giving any position of authority to women, and he and his party are shocked to see that the BJP has given an opportunity to a woman to serve at Delhi Haj Committee”.
Jilani asserted that there is widespread “joy” amongst Muslim community especially the youth after the election of young Kausar Jahan as Chairperson of Delhi Haj Committee and “this is bothering AAP leaders”.
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#AAP #frustrated #defeat #Delhi #Haj #Committee #election #BJP

( With inputs from www.siasat.com )

February 17, 2023
Choose Life, Not Tobacco: Coordination Committee meeting held at Shopian

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SHOPIAN, FEBRUARY 14: The Additional Deputy Commissioner, (ADC) Shopian, Yar Ali Khan today chaired a district level Coordination Committee meeting at Mini Secretariat, here to review the action taken till date towards the furtherance of Tobacco free society and to discuss and approve the future plan of action against the implementation of COTPA Act, 2003.
At the outset, CMO Shopian, Dr Arshid presented an overview of the National Tobacco Control Programme (NTCP), while an expert from DHSK presented discussion on the agenda points.
On the occasion, directions were given for making all government institutions/ private premises ‘Tobacco Free Zones’ and all educational institutions as ‘Tobacco Free Educational institutions ‘ as per the guidelines.
ADC also directed for displaying mandatory prominent signages across the district, at public places, institutions, etc denouncing use of Tobacco products. Directions were also passed to all stakeholders for taking strict action against retailers promoting Tobacco use through surrogate advertising.
Emphasis was given on conducting intensive IEC activities across the district for dissemination of information on the adverse impacts of tobacco use. Capacity building of stakeholders was asked to be stressed for implementation along with increasing challans against the violations of the Act.
Besides, feasibility of vendor licensing was also discussed in the meeting.
ASP, Ifroz Ahmad; CMO, Dr.Arshid; CEO Mohd Mushtaq; DIO, STO, EO MC, ADP and other concerned attended the meeting besides a team of specialists from DHSK.

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#Choose #Life #Tobacco #Coordination #Committee #meeting #held #Shopian
( With inputs from : roshankashmir.net )

February 14, 2023
National Commission for Women issues notice to IPL committee for auctioning women

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Women’s Premier League Auction 2023 Live Updates: The stage has been set for the much-awaited Women’s Premier League (WPL) Player Auction at Mumbai where 449 women cricketers will go under the hammer for five teams – Delhi Capitals, Gujarat Giants, Mumbai Indians, Royal Challengers Bangalore and UP Warriorz.
However, a minutes before the auction, the National commission for women and Ministry of Women and Child Development has issued notice to the BCCI and women IPL committee for openly auctioning women.
Ministry of Women and Child development accused BCCI and Women IPL committee of following Talibani ideology. Ministry issued show cause notice and asked immediate closing of the auction.
The auction has been paused for a while and BCCI has informed that the auction of women is only for playing IPL. Details awaited.
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#National #Commission #Women #issues #notice #IPL #committee #auctioning #women
[ Disclaimer: With inputs from The Fauxy, an entertainment portal. The content is purely for entertainment purpose and readers are advised not to confuse the articles as genuine and true, these Articles are Fictitious meant only for entertainment purposes. ]

February 13, 2023
Plea in SC seeks constitution of committee to probe Hindenburg Research report on Adani Group

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New Delhi: A plea has been filed in the Supreme Court seeking a direction to the Centre to constitute a committee monitored by a retired apex court judge to enquire and investigate into the Hindenburg Research report which made a slew of allegations against the business conglomerate led by industrialist Gautam Adani.
The fresh public interest litigation (PIL), filed by advocate Vishal Tiwari, has also sought directions to set up a special committee to oversee the sanction policy for loans of over Rs 500 crore given to big corporates.
Last week, another PIL was filed in the apex court seeking prosecution of short seller Nathan Anderson of US-based firm Hindenburg Research and his associates in India and the US for allegedly exploiting innocent investors and the “artificial crashing” of Adani Group’s stock value in the market.
The Adani Group stocks have taken a beating on the bourses after Hindenburg Research made a litany of allegations including fraudulent transactions and share-price manipulation against the business conglomerate led by Gautam Adani.
The Adani Group has dismissed the charges as lies, saying it complies with all laws and disclosure requirements.
In his plea, Tiwari has said the petition depicts the “drastic condition and fate of people” when there arises a situation of share fall in the securities market due to various reasons.
“Lots of people who had the whole lifetime saving in such stocks get a maximum setback due to fall in such shares with a huge amount of money getting into drain,” the PIL said.
It said with the recent news of the publication of the Hindenburg report, it has led to the loss of huge amount for various investors who have invested their life-saving in such shares.

“In the aftermath of an unprecedented attack on billionaire Gautam Adani’s vast empire by Hindenburg, the market value of all 10 Adani stocks have halved with investors sitting with a colossal loss…,” the plea said.
It claimed that no concrete steps have been taken by authorities on the issue despite a “massive attack being perpetrated” on the country’s economy.
“It is ultimately the public money for which the respondents (Centre and others) are answerable and there needs to be strict concern for mitigating of such loans with a clear process and sanction policy for such high stake loan amount,” it said.
The plea has made the Centre and others, including the Reserve Bank of India and the Securities and Exchange Board of India, as respondents.
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#Plea #seeks #constitution #committee #probe #Hindenburg #Research #report #Adani #Group
( With inputs from www.siasat.com )

February 6, 2023
BJP holds working committee meets in 12 districts of J-K

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Jammu: The BJP’s Jammu and Kashmir unit on Sunday conducted working committee meetings of 12 districts across the Union Territory as part of efforts to strengthen the organisation.
A day-long working committee meetings of 12 organizational districts including Samba, Kashmir Displaced, Doda, Rajouri, Jammu South, Srinagar, Budgam, Ganderbal, Bandipora, Anantnag, Kulgam and Pulwama, a Bharatiya Janata Party spokesperson said.
In Doda district, J&K BJP General Secretary (organization) Ashok Koul chiefly addressed the working committee meeting of district, while Lok Sabha MP Jugal Kishore Sharma, BJP Vice-President and former minister SS Salathia chaired meeting in Samba district.
Former deputy chief minister Kavinder Gupta addressed the meeting of South Jammu district, and BJP General Secretary and former MLC Vibodh Gupta chaired meeting in Rajouri district, spokesperson said.
In Kashmir Displaced district, Jammu Municipal Corporation Mayor Rajinder Sharma addressed the working committee meeting, while the meeting in Srinagar was chaired by Anwar Khan, prabhari, and Ashok Bhat, BJP’s district president.
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#BJP #holds #working #committee #meets #districts
( With inputs from www.siasat.com )

February 5, 2023
Wrestling row: Babita Phogat joins oversight committee

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Delhi: Commonwealth Games gold medallist wrestler Babita Phogat has joined the oversight committee formed to probe the various allegations against Wrestling Federation of India (WFI) president Brij Bhushan Sharan Singh.
Formed by the Sports Ministry, the oversight committee is carrying out an enquiry into the allegations of sexual misconduct, harassment, intimidation, financial irregularities and administrative lapses of the WFI and its chief.
The allegations were levelled by prominent grapplers such as Vinesh Phogat, Bajrang Punia, Sakshi Malik and Ravi Dahiya.
“Former wrestler Babita Phogat has been added to the panel of the Oversight Committee formed by the Ministry of Youth Affairs and Sports to undertake the day-to-day administration of the Wrestling Federation of India,” the ministry said in a statement.
Babita is the sixth member of the oversight committee, being headed by legendary boxer MC Mary Kom, and includes former wrestler Yogeshwar Dutt, former shuttler Trupti Murgunde, Radhica Sreeman and Rajesh Rajagopalan, ex-CEO, Target Olympic Podium Scheme.
Sports Minister Anurag Thakur had earlier this month announced the formation of the committee to investigate the charges against the WFI chief and also manage the day-to-day affairs of the sports body.
The tussle between the agitating grapplers and the WFI ended after the athletes called off their protest following assurances from the government.
However, Bajrang, Vinesh, Sarita Mor and Sakshi, who staged a sit-in protest at Jantar Mantar for three days demanding the sacking of the WFI president, had also expressed disappointment that they were not consulted before the formation of the committee.

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#Wrestling #row #Babita #Phogat #joins #oversight #committee
( With inputs from www.siasat.com )

February 1, 2023
Trump committee burns through cash in early months, new filings show

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Despite those high expenses, the fundraising committee — which had money in the bank going into December — still distributed significant funds to Trump’s campaign committee, enabling him to pay staff and fund a variety of campaign initiatives over the holidays.
But the high costs of fundraising are an ominous sign, as the early days of campaigns are often a time for candidates to reap easy cash from enthusiastic donors.
Trump has significant fundraising work to do ahead of what could be a grueling election cycle. His campaign reported only $3 million in cash on hand, compared to more than $19 million that his campaign had at the same time in the 2020 election cycle. Four years ago, the then-president also did not have a competitive primary approaching.
The former president’s fundraising numbers would still be enviable for many candidates. December is typically a slow fundraising month, and the fundraising committee raised more than $15 million in October and November, mostly before Trump’s presidential campaign launched. Declining rates of return on digital fundraising is a problem that has plagued many candidates. But Trump was once considered the exception to his party’s digital fundraising woes, as he raised record sums online during the 2020 election cycle and continued raising large amounts of money after he left office in 2021.
“President Trump has raised $21.3 million in the last quarter, proving that he is an unstoppable force that continues to dominate politics,” said Steven Cheung, a spokesperson for the Trump campaign. “The campaign built out a second-to-none operation both on the national level and in early states since announcing. The President will wage an aggressive and fully-funded campaign to take our country back from Joe Biden and Democrats who seek to destroy our country.”
Trump will still benefit from significant outside money. A super PAC backing him, MAGA Inc., reported having $54 million in cash on hand at the end of 2022 and will likely look to target potential GOP primary opponents in advertising — a costly part of any campaign.
Overall, Trump’s fundraising committee spent over $250,000 on top political consultants and staff, while his campaign spent another more than $330,000 on staff and consultants.
The joint fundraising committee paid more than $4,400 to GS2LAW PLLC, the law firm representing Trump in his lawsuit against journalist Bob Woodward over audio of their interviews released by Woodward. Other major campaign expenses in December included $67,000 spent at Mar-a-Lago and a $5,000 donation to the Republican Party of Iowa.

The filings give some clues as to who exactly is working with Trump in the early days of his campaign. Aides say Trump’s 2024 operation, headquartered in West Palm Beach, Fla., not far from Trump’s Mar-a-lago club, is expected to be scrappier than the large 2020 campaign based at a high rise in Virginia.
Over $50,000 went towards paying advisers like Boris Epshteyn and Christina Bobb, who have assisted the former president on his numerous legal cases. The fundraising arm also paid longtime Trump aides like Lynne Patton, who has worked closely with the Trump family for years and was with Trump since his first campaign, and Dan Scavino, Trump’s director of social media in the White House who will continue that work on the campaign.
Other aides included in the filing include Margo Martin, who worked for Trump in the White House and has continued to be a press and communications aide for his reelect, Liz (Harrington) Shrew, a spokeswoman for Trump who frequently appears on right-wing media, Justin Caporale, a Melania Trump aide-turned-operations adviser, and Danny Tiso, a press lead for the campaign.
Vincent Haley and Ross Worthington, Trump’s top policy advisers and speechwriters who worked with him in the White House, are on the campaign payroll. And so are two of the people frequently at Trump’s side: Natalie Harp, the young OAN anchor-turned-aide, and Walt Nauta, Trump’s former military aide in the White House who moved down to Florida to continue to work for Trump and found himself at the center of Trump’s Mar-a-lago document drama.
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#Trump #committee #burns #cash #early #months #filings #show
( With inputs from : www.politico.com )

February 1, 2023
Hyderabad: SC committee finds several irregularities in HCA

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Hyderabad: The supervisory committee appointed by the Supreme Court of India to monitor the Hyderabad Cricket Association (HCA) submitted its latest findings to the apex court on Tuesday.
The report revealed startling facts on HCA memberships.
No record of memberships exists. No documentary evidence on how the electoral roll of HCA was drawn in 2019 by the election officer.
A few HCA members own 7-8 clubs. These members are responsible for ‘subverting the democracy’ by using their votes as well as manipulating the selection procedure for state teams.
“They blackmail all institutionalized processes provided by Justice Lodha Committee reforms incorporated in the by-laws in state team selection procedure, buying and selling of teams,” the report said.
“These said members also indulge in leasing teams that are under their control to brokers for lakhs of rupees. These brokers loot families of budding cricketers who dream of playing league matches hosted by HCA. These matches form the basis for selection to state teams,” the report said.
HCA, which is recognised by the BCCI as the sole representative of cricket in Telangana, contains an imbalanced democracy. “This is because a majority of Hyderababd-based clubs form the electoral college of HCA while the remaining districts of Telangana do not have an equal say. The committee is working on a suitable model of memberships that are equitable,” the report stated.
Moreover, the names of member clubs change frequently, raising suspicion of clubs being sold for crores of rupees, the report points out.

“There have been complaints from the state government alleging large-scale frauds in HCA memberships, lack of intent to provide equal membership rights to districts and has also highlighted the disappearance of hundreds of clubs that existed 35 years ago. There is no record of how these clubs disappeared and who took them over,” the report stated.
The report confirms through sources that membership frauds have existed since the 90s and have increased over time. It then says that the chairman of the committee was hesitant to sign the report, for reasons unknown.
“Normally, frauds in membership have to be looked into by the Ombudsman. Some beneficiaries appointed the Ombudsman of their choice by using their majority and made sure complaints regarding fraudulent memberships, multiple clubs etc never see the light of the day,” the report said.
Finally, the report suggested a decentralised structure for HCA with all districts and municipal corporations as members in order to stop the monopoly of private clubs.
The selection process should be in line with Justice Lodha reforms which recognize the territory as the basis for memberships and led to the concept of one state-one vote.
“A change is always desirable when systems are manipulated and institutionalized corruption takes over. The recent arrest of a vice-president of a member club of HCA on corruption charges only shows how deep-rooted the disease is,” the report concluded.
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#Hyderabad #committee #finds #irregularities #HCA
( With inputs from www.siasat.com )

January 31, 2023
Monitoring, Implementing Projects: Govt Forms PPCPA, Steering Committee

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Srinagar, Jan 27 (GNS): Government on Friday constituted Public Private Partnership cum Project Appraisal Cell (PPCPA) and Steering Committee in the Planning Development & Monitoring Department for overseeing the selection, formulation and implementation of the projects to be undertaken by different departments.
According to a government order, a copy of which lies with GNS, Public Private Partnership cum Project Appraisal Cell (PPCPA) will have Team Leader, Urban Development Expert, Procurement Expert, Support Personnel (Infrastructure Expert), Planning cum Housing Expert, Transport Expert, Industries cum Tourism Expert, Social Sector Expert, Finance/Appraisal Expert, PPP Expert, Environment Expert and MIS/Network Manager. ”The actual filling of positions in PPCPA shall be on the basis of Project Requirement and manpower support received from NITI Aayog/DEA, GoI from time to time.”
Terms of reference of the PPCPA Cell include among others to seek qualified professionals as Consultants, Domain Experts to be housed in the PPCPA for institutional, regulatory and procedural reforms and to work towards standardization of PPP documents, develop concession agreements in different sectors, appraisal of projects, framing of Standard Bid Documents, scrutinizing the cost escalation proposals and preparation of shelf of projects.
It has been also tasked with building the capacity of the government to handhold various departments in identification, preparation and implementation of projects under PPP mode; Process cases under viability gap funding (VGF) under various PPP schemes of GOI; Appraise the project reports/DPRs costing more than 10 crore (or as deemed fit by the Govt.); Carry out Cost Benefit Analysis (CBA) and Internal Rate of Return (IRR)/Return on Investment (ROI) of the project and Providing assistance in engagement of project specific Transactional Advisor, as per requirement.
The six-member Steering committee for PPP projects will be headed by Chief Secretary as chairman, according to the order with Global News Agency. Its members include Administrative Secretaries of Finance Department Revenue Department, Planning Development & Monitoring Department (Member Secretary) and Secretary, Law, Justice& Parliamentary Affairs Department besides Administrative Secretary of concerned implementing Department
The terms of reference steering committee includes among others to oversee the selection, formulation and implementation of the projects to be undertaken by the line departments and approve the projects for funding under Viability Gap Funding scheme of GOI and other source of funding. The other terms of references include approving the quantum of Viability funding for recommendation to DEA, Ministry of Finance, GoI as well as to approve the UT share of Viability Gap Funding as per norms of viability Gap Funding scheme notified by DEA, GoI within the budgetary provisions. Besides, it is tasked with to deal with any other issue related to successful implementation of PPP projects. “All PPP projects shall be undertaken after seeking approval of the competent authority,” the order added. (GNS)
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#Monitoring #Implementing #Projects #Govt #Forms #PPCPA #Steering #Committee
( With inputs from : thegnskashmir.com )

January 27, 2023