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Raahgiri Day is Back: Take Back CP Streets and Reclaim Your Sunday Morning!

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Representative Image | Source : Wikimedia

The New Delhi Municipal Council (NDMC) has decided to re-launch the ‘Raahgiri Days’ programme in Connaught Place from Sunday, with a focus on sustainable mobility, under the G20 theme. This theme is an invitation for action to make sustainable and secure cities, and the Raahgiri Day completely synchronizes with this goal, said a NDMC official.

Raahgiri Day is an idea that started in 2013 and is an auto-free citizens’ effort that promotes safe, open and comprehensive public streets where individuals can walk to close by markets and kids can walk to close by schools securely.

This will be the initial installment of a progression of Raahgiri Days to be facilitated at Connaught Place post the Covid-19 pandemic. It will be held as a part of Delhi Police Week (February 16-22) under the topic of street security, including center on walkability and ladies’ security. During these occasions, the Connaught Place market zone will be changed into a vehicle free zone, permitting inhabitants to partake in an assortment of exercises, including yoga classes, Zumba, games zones, music, move and even instructive programmes on different points like street security.

Officials from the NDMC (New Delhi Municipal Council) asserted that the Raahgiri Day is an initiative to make people aware of the fact that roads and streets are not just meant for vehicles. It is a means to reclaim public spaces and use them for leisure activities as a community. On February 19, the Raahgiri Day will be relaunched at Connaught Place and all Delhi citizens are encouraged to be a part of it. A senior official expressed that this is a chance to make a positive impact on our society and relish the roads in a different way while also encouraging the formation of a safer, more sustainable and walkable city. This event is being organised in collaboration with Delhi Police and other organisations.

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Bus Carrying 40 Passengers Catches Fire in Delhi’s Jagatpuri.

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Photo: (ANI)

A 40-person cluster bus carrying fire on Thursday morning in Jagatpuri, East Delhi, was the scene of a terrifying tragedy. The police said that everyone was thankfully safely evacuated and that they suspect the fire may have started as a result of an air conditioning system short circuit.

The police control room received an emergency call about the fire around 9:48 AM. When officers arrived, they found a blue cluster bus from route 340, which operates between Central Secretariat and Seemapuri, parked by the roadside.

“A biker noticed flames coming from the fully air-conditioned CNG bus and quickly alerted the driver. The driver then pulled over, ensuring all passengers exited safely before the fire engulfed the entire bus,” explained a senior police officer.

As soon as firemen arrived, three fire tenders were on the scene to douse the flames. A representative for the fire department stated that early findings suggest that the bus’s air conditioning system short circuit was most likely the cause of the fire.

The bus has been in service for four years and was operated by DIMTS, a partner agency of the Delhi government. Minister of Transportation for Delhi, Kailash Gahlot, pledged a comprehensive inquiry and acknowledged the incident’s gravity.

“It’s concerning that a relatively new bus caught fire. This could be linked to maintenance issues or failure to replace a faulty part. While the Delhi government isn’t directly involved in the day-to-day maintenance of these buses, we will hold those responsible accountable for any negligence,” Gahlot stated.

 

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Anil Ambani Banned from Markets for 5 Years, Fined Rs 25 Crore: SEBI Calls Him the Mastermind of Fraud Scheme.

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Photo: TOI

SEBI Takes Action Against Questionable Loans, pointing On Anil Ambani and Reliance Home Finance.

Anil Ambani and Reliance Home Finance Limited (RHFL) have been severely punished by the Securities and Exchange Board of India (SEBI) for authorizing dubious loans to parties associated with the firm without doing adequate due diligence. SEBI has slapped Ambani with a big fine of Rs 25 crore and barred him from the securities market for five years. RHFL and some of its top executives are also getting penalized.

Investigative Findings: Ambani’s Involvement and Loan Irregularities

The investigation says Ambani was behind a scam where Reliance Home Finance gave loans to his associates, labeling them as working capital loans during the 2018–2019 fiscal year. These loans, totaling Rs 8,470 crore, didn’t go through proper checks.

The SEBI order noted that funds structured as General Purpose Working Capital (GPC) loans were transferred to entities linked to the Reliance ADA Group. The manner in which these loans were disbursed was described as abrupt and highly irregular. Moreover, there was evidence that senior officials actively pushed for these loans, showed little interest in recovering the amounts, and that Ambani was directly involved in approving them.

SEBI’s findings pointed to a pattern indicating that these loans were intended for Ambani’s benefit, either directly or indirectly.

Independent Reports Back SEBI’s Findings

Reports from Price Waterhouse & Co., RHFL’s statutory auditor, and Grant Thornton, a forensic auditor hired by Bank of Baroda, RHFL’s primary lender, corroborated SEBI’s findings. Price Waterhouse outlined issues that prompted it to stop auditing RHFL, pointing to the company’s other procedural failings as well as a dearth of meaningful answers to its questions. Due to its position, the company even received threats of legal action.

Grant Thornton’s report found similar discrepancies and pointed out suspicious reclassifications of borrower entities from related to non-related parties just before loan disbursements. Eight entities, which initially appeared to be related to the Reliance group, were shown as unrelated shortly before receiving loans totaling Rs 1,323.43 crore.

Broader Penalties

SEBI’s order impacts 28 individuals and entities, including RHFL, Anil Ambani, several Reliance ADA group companies, and other key management personnel. RHFL has been prohibited from participating in the securities market for six months, while Ambani and 26 others face a five-year ban.

RHFL faces fines of Rs 5 lakh, Anil Ambani faces fines of Rs 25 crore, Amit Bapna, the CFO of RHFL, faces fines of Rs 27 crore, and CEO Ravindra Sudhalkar faces fines of Rs 26 crore. All companies involved in this notice face fines of Rs 25 crore each.

This major regulatory action makes it very evident that SEBI is committed to upholding accountability and transparency in the securities industry and makes it very apparent that corporate malfeasance will not be accepted.

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Bengaluru Bus Driver Loses Control, Rams Bikes and Cars; 2 Injured.

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The bus lost control and crashed into multiple vehicles near Bengaluru’s Hebbal bypass, CCTV footage shows that the bus driver had difficulty navigating through the dense traffic, which resulted in five two-wheelers and four autos getting into several collisions. As the bus proceeded to crash into cars and finally stopped after crashing into one and pulling it several meters, the situation became more and more heated.

Given the seriousness of the situation, the bus conductor can be seen frantically pleading with the driver to stop the vehicle. The severely disrupted and damaged bus served as a warning about the perils of poor traffic management and defective vehicle control.

The collision resulted in injuries to two individuals. One of the injured was brought to the hospital so they could receive more care. The accident has sparked worries about traffic safety and the requirement for improved traffic management strategies to avoid similar risky circumstances in the future. In order to determine what went wrong and to stop such occurrences from happening in the future, authorities are looking into the collision.

 

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