SC tells Sahara's Subrata Roy to deposit Rs 600 cr by Feb 6 to avoid imprisonment

New Delhi: The Supreme Court on Monday asked Sahara Group chief Subrata Roy to deposit Rs 600 crore more by 6 February next year in the Sebi-Sahara refund account to remain out of jail and cautioned him that in case of failure, he would have to return to prison.

A bench comprising Chief Justice T S Thakur and Justices Ranjan Gogoi and A K Sikri also said that it may consider appointing a "receiver" of properties if the group finds itself unable to sell them to pay back dues to the investors.
"If you (Sahara Group) are unable to sell properties, then the court would be comfortable to appoint a receiver," the bench said, adding it also did not want to keep a person in jail.

The bench, initially, asked senior advocate Kapil Sibal, representing Roy, to deposit Rs 1,000 crore with market regulator Sebi in two months or it will appoint a receiver, but later reduced the money to be deposited to Rs 600 crore till 6 February, 2017.

At the outset, Sibal said the group has deposited the money in pursuance of an earlier direction and filed a fresh re-payment plan to the court which asked senior advocate Arvind Datar, appearing for Sebi, and another senior advocate Shekhar Naphade, the amicus curiae, to file their response.


sOURCE:-Firstpost

Demonetisation impact: The last hurrah of King Cash in real estate

Contrary to expectations that demonetisation will blot out the use of black money, there are reports that it is still in use in real estate transactions. A sting conducted by a real estate channel in Mumbai indicated three things: developers were willing to stagger payments over several months if the cash portion was paid in new notes; those who wanted to pay with old notes had to pay a premium over the face value of these notes; property dealers were eager to sell at discounts and for cash.

Does this indicate that black is still beautiful in real estate?

Actually, no. It probably represents the last hurrah of King Cash in real estate, and one can expect future deals to be less and less cash-oriented.

The spike in black money deals is probably temporary, and one could have predicted this when Rs 500 and Rs 1,000 notes were demonetised from the midnight of 8 November. People are trying to get rid of cash, and this is apparent from not only its short-term rise in real estate, but also in increased payments of municipal taxes, and increased sales at petrol bunks and utility bills, areas that were exempted from the ban on accepting old notes.


sOURCE:-Firstpost

Why Hillary Clinton lost the white women's vote

WASHINGTON — Something enchanting, it shows up, happened while in go to Hillary Clinton's fizzled push to reshape up the crucial lady president of the United States: She lost the white ladies' vote.

"Shows up" is the star word here. Mrs. Clinton won the general ladies' vote, 54 percent to 42 percent, mirroring the longstanding sexual presentation opening that gives Democratic contenders an edge with female voters. Regardless, among voters most like Clinton – white ladies – she lost, 53 percent to 43 percent.

Why this happened, and what it prompts us concerning the condition of "character regulatory issues," is edifying.

Like all voters, ladies vote the way they complete for a liberal party of reasons, including the issue positions, character properties, and experience of the hopefuls. For a couple, the probability of picking the key lady president was fundamentally basic; for others, not by any extend of the creative limit. To a couple of ladies supporters, Clinton's sex was even a negative: What in the event that she fizzled? That could set ladies back, said female voters in a concentration stockpile the past summer.

Source:- csmonitor

Demonetisation: PM Modi has created a new normal, will clean and expand economy, says Arun Jaitley

Official Narendra Modi has made "another common" of white exchanges with crackdown on lessen cash, Finance Minister Arun Jaitley said on Monday, giving affirmation concerning that demonetisation will affect to a bounce in private hypothesis and more open spending on welfare measures. Tending to BJP parliamentary putting away over the result o the choice, he struck Rahul Gandhi saying from one perspective the Congress pioneer says the demonetisation choice was especially spilled to BJP overpowering hitters and on the other he guarantees "that even Finance Minister, that deciphers I, was likewise not cautious".

Talking finally, Jaitley cleared up all parts of the move and said, "Demonetisation has form relationship with poor with franticness and with strained quality engaging" and said once the substitution of money fulfills a sensible level, th controls will be reinforced.

Portraying the conceivable positive results of this move, Jaitley said the nation reliably gets Rs 4-5 lakh crore and after this move and these awesome conditions can be utilized for open spending for improvement of typical districts and mix of poor About Rs 8 lakh crore will be amassed from wage charge this year and Rs 8.5 lakh crore from circumlocutory duty however despit that another Rs 4-5 lakh crore is required to hold up under costs for running the nation, he said.

"..so if the good 'ol fashioned drive paying framework makes in the nation… then do we have to get cash… and in the cas these borrowings of about Rs 4-5 lakh crore reliably can be used as a touch of country spaces for wretchedness enabling and othe square with measures," Jaitley included.

Source:- Indianexpress

On World Cancer Day-Eve, Experts Pitch For A National Database

NEW DELHI:  Lack of a national database on cancer in India remains a huge concern and there is an urgent need to make cancer noticeable with an electronic database, experts said on Wednesday on the eve of World Cancer Day.

According Dr Sunil Kumar, Assistant Professor in Surgical Oncology at AIIMS, India doesn't have a comprehensive national picture as far as cancer burden is concerned though the disease has been found to be on the rise as per the population registry which is region specific.

"Absence of National Registry leads to difficulties in formulating a nationwide policy on preventive as well as therapeutic measure to be taken to fight this menace," said Dr Kumar said.

It will help ensure optimal utilization of resources in areas with high prevalence of cancer.

"A majority of cancer treatment centers are restricted to major urban areas and a vast majority of the rural population is not catered to through these centers located only in metropolis," said Dr Kumar.

Having a national registry will generate the true picture of various types of cancer existing in the country, said Dr Shyam Aggarwal, Chairperson of Department of Medical Oncology at Sir Ganga Ram Hospital, even as he stressed that not only diagnosis but the deaths should also be recorded.

"That way, we will have data as to how many lives cancer has claimed in our country along with those getting affected."

"Currently, most of the cancer registries are hospital- based and some hospitals do not even have registries. So, now when we talk about the cases going up, we are extra-collating from the hospital-based registry and thus the data is limited," said Dr Aggarwal.

"Yet, even in the absence of comprehensive data, the trends indicate rising numbers. The incidence is rising faster in urban areas but the rise is also apparent in rural areas. Another worrying trend is increasing incidence in younger patients, those in their 20s and 30s," said Dr Vineet Talwar, Senior Consultant, Medical Oncology, Rajiv Gandhi Cancer Institute.

"As compared to the West, Indians have an earlier age of presentation and to make it worse a more advanced stage of diagnosis compromising the cure rates and needing a lot more chemotherapy and radiation as the presentations are late."

"Urbanization contains several accompanying attributes such as obesity, lack of exercise, more consumption of fats, lifestyle changes and intake of alcohol. These factors tend to increase risk of cancer. Pollution is another factor of urbanization that further encourages cancer," Dr Talwar said.

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