{Court_matters,Super_regulator,Twitter_public,Helicopters,&Wikileaks}

Dear all,
Welcome.

Supreme Court had ruled out separation of hearing of Modi's close aide in a matter regarding fake encounter. Since it had been part of similar conspiracy, separate investigation could not be done. It is alleged that Police had killed Prajapati in fake encounter on Dec. 27, 2006.
3G Roaming: Supreme Court had provided relief by issuing direction to Department of Telecon. to continue services of Bharti Airtel till April 11. Airtel had been providing 3G services in seven telecon. circles. DoT had put a fine of 350 crores INR. RCom had also stated that it is incurring losses due to 3G services. Earlier, Vodafone too had been fined in similar 3G roaming matter.

Sahara/SEBI: The conflict regarding shareholders interest may affect other Sahara Group companies. It is to note that SEBI had earlier asked Sahara to return investors amount with interest raised via. OCDs. Whilst Sahara group claims that it had returned the money, SEBI had approached Supreme Court for arrest of Sahara Groups persons. Supreme Court had, in it's earlier judgement, already told that SEBI has rights to recover the aforesaid amount. It can opt for recovery of money through property attachment, sale & bank account freezing etc.
After all this, Sahara had approached Securities Appellate Tribunal for challenging freezing of it's accounts. Sahara's business has entered many sectors like insurance, shares, life insurance, asset management, hospitality etc. along with prestigious Amby valley project. As such, legal war may not be contained immediately.

Super Regulator: As per Justice Srikrishna Committee on Financial reforms, a single agency would be better off in handling customers difficulties related to finance. Financial redressal agency could meet the stated norms. It would have rights to provide cheaper solutions available. Presently, various regulators issue notifications, press release note etc. which create confusion. It had to be dealt with.
FRA would include Banking LokPal and Insrance LokPal system and customers would be able to get protection under Consumer protection Act. Also, SBI & LIC would have laws under company's act.

Twitter public: Gujarat CM, Modi, had asked for people's comment on twitter after his speech at FICCI's ladies forum(FLO). While speaking upon women empowerment, he had cited various small things like Lijjat Papad made by tribal women's forum etc. He referred about entrepreneurship of Jesu Ben & her pizza venture too. But, he had been referred to have contained himself to Gujarat's entrepreneurship. It is to note that he had also answered few questions of spectators. But twitter public had termed him in Indian slang making it difficult to have opinion about Modi.

Augusta Westland: The VVIP helicopter scandal had got Augusta Westland prone to be put into the blacklisted companies. It had also filed tenders for Indian Navy & Indian Coastguard.Indian Navy is planning to buy two engine Light Helicopter in lieu of old Cheetah & Chetak helicopters. In Coastguard's deal, Syskosky & Eurocopter have filed tenders with two other companies. Around 56 Naval Utility helicopters & 14 medium lift helicopters supply tender had been floated.
Indian coast guard wishes to deploy light & medium weight helicopters for monitoring coast after Mumbai attacks. CBI's report is awaited for alleged deal with 362 crore INR bribery.

Wikileaks disclosure about Rajiv Gandhi, as having been involved in alleged arms deals, had confirmed about his operational knowledge on aircrafts before coming into politics.

With regards,

M.K.Pachraiya