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NSE places Adani firms under Additional Surveillance Mechanism framework: Here is what it means

On February 2, Thursday, India National Stock Exchange (NSE) put  Adani Enterprises, Adani Ports, and Ambuja Cements under Additional Surveillance Mechanism (ASM). With this, trading in the shares of these firms will necessitate a 100% margin. This is meant to curb speculation and short selling.

This comes after a Hindenburg Research report claimed that the Indian giant had participated in a clear stock manipulation and accounting fraud scheme over decades.

Additional Surveillance Mechanism

If stock prices become volatile, market regulators around the world frequently become concerned. In India, the stock markets frequently impose restrictions like price bands, periodic call auctions, and circuit filters to protect investors from excessive stock volatility.

The Securities and Exchange Board of India (SEBI) and the domestic exchanges have implemented Additional Surveillance Measures (ASM) in a bid to curb short selling and stock volatility. ASM framework came to effect on March 26, 2018.

The National Stock Exchange on its website mentions the ASM framework as, “In continuation to various surveillance measures already implemented, SEBI and Exchanges, pursuant to discussions in joint surveillance meetings, have decided that along with the aforesaid measures there shall be Additional Surveillance Measures (ASM) on securities with surveillance concerns based on objective parameters viz. Price / Volume variation, Volatility, etc.”

The Securities and Exchange Board of India (SEBI) and exchanges jointly decide on the selection criteria for securities to be placed in ASM, which include “high low variation, client concentration, PE, close-to-close price variation, market capitalization, volume variation, delivery percentage, and the number of unique PANs.

As per the NSE FAQs, the investors are alerted by an ASM shortlisting that the stocks have experienced unusual activity. It should not be interpreted as an unfavourable or adverse action against the concerned company or entity since the “shortlisting of shares under ASM is solely on account of market surveillance.”

On February 1, Bloomberg reported that Gautam Adani’s wealth plummeted from $120 billion to $72 billion amidst slumping shares. The latest Bloomberg Billionaires Index records Adani’s net worth at $61.3 billion.

Despite the allegations, Adani group went ahead with its plan and rolled out its Rs 20,000 crore Follow-on Public Offering (FPO) which was oversubscribed by 1.02 times on its final day, due to high demand from non-institutional and qualified institutional investors. Retail investors, however, abstained from subscribing due to the large gap between the stock price and the FPO price range.

However, Gautam Adani in a video message announced the decision of the  Board of Adani Enterprises Ltd (AEL) not to go ahead with the fully subscribed FPO.

Gautam Adani, Chairman, Adani Enterprises Ltd referred to the volatility in the stock over the last week and said the interest of the investors is paramount and to insulate them from any potential financial losses, the Board has decided not to go ahead with the FPO.

“The Board takes this opportunity to thank all the investors for your support and commitment to our FPO. The subscription for the FPO closed successfully yesterday. Despite the volatility in the stock over the last week, your faith and belief in the Company, its business, and its management have been extremely reassuring and humbling. Thank you,” Adani said.

“However, today the market has been unprecedented, and our stock price has fluctuated over the course of the day. Given these extraordinary circumstances, the Company’s board felt that going ahead with the issue will not be morally correct. The interest of the investors is paramount and hence to insulate them from any potential financial losses, the Board has decided not to go ahead with the FPO,” he added.

Even after this, the five group stocks all closed in a lower circuit on Thursday. Adani Enterprises, the company’s flagship, fell 26.7% and finished at a one-year low of $1,565.

In another development, following Credit Suisse’s decision to cease accepting bonds issued by Adani Group firms as collateral for margin loans to its private banking clients, Citigroup’s wealth unit has also stopped offering its clients margin loans secured by securities issued by Adani Group companies.

RBI steps in

A day after the conglomerate withdrew the Rs 20,000-crore FPO of its flagship firm Adani Enterprises amid the sharp decline in its stock prices, the Reserve Bank of India (RBI) reportedly sought information regarding lenders’ exposures to the Adani Group.

Meanwhile, Dinesh Kumar Khara, the chairman of State Bank of India, the largest financier is said to have given loans totaling up to $2.6 billion to companies affiliated with the Adani conglomerate, stated that he sees no “challenge” to the bank’s current lending to the group.

“We have not experienced any conflict default from this entity and we don’t expect to have any challenge because the assets have robust cashflow so as far as our (SBI) lendings are concerned we don’t see any such problem and don’t expect any kind of pressure on the group companies as far as liquidity is concerned and as far as their ability to honour their commitment is concerned,” Khara said.

Hindenburg Report

Hindenburg Research, which claimed of having conducted an investigation for the last two years, said Gautam Adani, the founder and chairman of the Adani Group, has a net worth of approximately $120 billion, mainly due to an 819% average stock price growth in the group’s seven most significant publicly traded companies over the last three years.

Adani Group trashes Hindenburg Report

Calling the short-seller a ‘malicious combination of selective misinformation and stale, baseless and discredited allegations’, the Adani Group had questioned the timing of the Hindenburg report as the group was to roll out its Follow-on Public Offering from Adani Enterprises.

Adani Group in its 413-page response to the Hindenburg Report said the recent report by Hindenburg Research was not an attack on any specific company but a “calculated attack” on India, its growth story, and ambitions. It added the report was “nothing but a lie”.

Supreme Court refuses interim order against union govt’s decision to block propaganda BBC documentary, asks centre to produce original records

The Supreme Court on Friday refused to issue interim order against the central government’s decision to ban the controversial propaganda BBC documentary on PM Narendra Modi. Hearing two petitions filed in the matter, a bench of Justices Sanjiv Khanna and MM Sundresh said that no order can be issued without getting a reply from the centre first.

“Issue notice.. list in April 2023,” the Supreme Court bench ordered. The bench also directed the govt to produce original records on the next date of the hearing in April this year.

Two petitions were filed against the union govt’s directive to remove the videos and links of the BBC Channel 2 documentary ‘India: The Modi Question’ from YouTube and other social media platforms. One of the pleas was filed by Advocate Prashant Bhushan, Trinamool Congress MP Mahua Moitra and journalist N Ram. The other plea was filed by serial petitioner advocate Manohar Lal Sharma.

In an earlier hearing, while appearing for N Ram and Prashant Bhushan, senior advocate CU Singh had said that the tweets of his clients containing links to the videos were removed allegedly using emergency powers. ML Sharma contented in his petition that the ban on the documentary is “malafide, arbitrary and unconstitutional”.

Today advocate CU Singh said that Emergency powers have been invoked by the govt without putting the powers in the public domain. He said that powers were used under the IT rules for intermediaries, which are under challenged. He also alleged that on the basis of ‘secret order’, universities are taking actions against students for screening the documentary.

Therefore, he sought an interim stay order against the ban of the documentary. However, the court refused to grant any interim relief. “Can we allow the interim prayer without hearing them?” the bench said.

The court ordered to issue notice to the centre, returnable in April. While CU Singh sought an earlier date for the next hearing, the court said that it is not possible, and April is the shortest date possible.

The court also gave 3 weeks of time to file a counter-affidavit, and after that 2 weeks to file rejoinders.

When the petitioners argued that universities are rusticating students for screening the videos, the court said that it is separate issue. The court also asked why the petitioners approached it directly without going to high court first. Advocate CU Singh said that this is because the union govt goes before the HC and seeks stay. Apart from seeking a lifting of the ban, Sharma also sought an investigation into those responsible for failing to contain the Gujarat riots.

ML Sharma said that his PIL is for the citizens of India, while the other petition is on personal grievances as their tweets have been deleted on the orders of the govt. But the court refused to treat it as a different issue, and tagged ML Sharma’s petition with the earlier petition by Bhushan, Ram and Moitra.

The Supreme Court bench also noted that despite the ban order, people have been accessing the documentary..

Why Muslims of the Indian subcontinent are always on the streets over alleged ‘blasphemy’ but Gulf Muslims never take to the streets

Recently, Rasmus Paludan, the leader of the Danish far-right political party Hard Line, burnt a copy of the Quran in Sweden. The act outside the Turkish embassy was supposedly a protest against Turkey and its opposition to Sweden’s entry into NATO, but it offended Muslims worldwide. A couple of days later, the Dutch leader of the far-right group, Patriotic Europeans Against the Islamisation of the West (PEGIDA), destroyed a copy of the Quran in the Netherlands before setting it on fire.

Predictably, the Quran burning in Sweden led to public protests in Turkey since it was aimed at them. Countries like Egypt, Iraq, Iran, Lebanon, and Indonesia also saw such protests against the incident. When it comes to protests against Quran burnings, one name you can always rely on to appear, yes, Pakistan saw public protests as well. Just like Pakistan is always certain to appear in this list, there is one influential group that is almost certain never to appear, the Gulf countries.

The Gulf Co-operation Council (GCC) comprises 6 countries, Saudi Arabia, UAE, Qatar, Kuwait, Bahrain, and Oman. Together, they are one of the most influential countries in the world. All 6 countries are Islamic, and in Saudi Arabia, one of the members is the Custodian of the Two Holy Mosques as well. After incidents of Quran burnings elsewhere or any other blasphemy against Islam religion, even if the governments of these countries express their displeasure, the people never come out to protest on the streets.

Unlike the Indian subcontinent, where Muslims in India, Pakistan, and Bangladesh are always out on the streets any time such ‘blasphemy’ occurs, Muslims in these countries are never on the streets shouting ‘sar tan se juda’ slogans, never burning effigies to express their anger, and most certainy never damaging any public property over it.

Even during the Nupur Sharma episode in 2022, when the former BJP spokesperson was accused of ‘blasphemy’, all GCC countries officially expressed their displeasure and wrote to the Indian government, there were no public protests in these countries by locals. If anyone protested, like the one protest in Kuwait where Indians protested, they were swiftly deported.

On the other hand, India saw protests every Friday for weeks, most of them violent in nature, over the same issue. Pakistan and Bangladesh also saw massive public protests full of angry Muslims demanding death for the ‘blasphemer’.

This got me thinking, why do Muslims in only some countries, like the Indian subcontinent, always take to the streets, and why Muslims in some Islamic countries never do the same? Some of the reasons that lead to this dichotomy could be as follows:

The difference in general law & order

Law and Order situation in Gulf countries is infinitely better than the situation in India. With all the riches of petrodollars, GCC countries can afford to spend significant sums on their local police force and provide them with the best equipment that money can buy. The much smaller populations compared to the countries in the subcontinent also make implementing law and order easier.

On the other hand, in the subcontinent, the police force is already stretched thin as it is, and this additional burden of controlling such protests gets a little overwhelming for the cops. During Islamic protests in India, if stone-pelting breaks out, we frequently see policemen wearing bike helmets to save their heads. That is the only anti-riot gear most of them are equipped with.

Interestingly, with this strict implementation of law & order, even the Muslims from the sub-continent don’t take to the streets while living in these countries. They know that they can’t riot with impunity there and any protest will mean a quick deportation or jail or fine, or all 3!

No political backing to violent protests in Gulf

In the Indian subcontinent, whenever any violence happens during such protests, one can always trace their links to a political party. In Pakistan and Bangladesh, they can do it directly and openly, while in India, most of them provide logistical support while trying to remain in the background. This political support ensures them the votes in return of those people, while the protesters get to run riot with impunity knowing that they will be saved by their political backers and their battery of lawyers if the need arises.

All the Gulf countries are monarchies, there is no democracy to speak of in these countries so nobody needs to play such gambits to ensure votes. There are some local elections for Shura Councils but at the end of the day, Royal decrees announce all the important decisions and the King rules with unchecked powers.

No complex, and hence no need to prove themselves as the “True Muslims” in Gulf

Even if Pakistanis keep tracing their ancestry to Turkey or the Arab world or some other part from time to time, the fact is that most of the Muslims in the Indian subcontinent are the ones whose forefathers converted during Islamic invasions. Unlike the Gulf, where Islam originated and most of the early adherents of Islam came from there, who then spread it around the world.

There is a saying in Hindi “Naya Mulla jyada pyaz khata hai”, which basically means that a new convert always tries to show that he is even better. The Muslims of the sub-continent are always eager to show that they are even more Muslims than the Arabs, so they go the extra mile to prove their Muslim identity. This involves taking personal offense after every alleged blasphemy around the world and then taking to the streets to protest for the same.

The desire to exhibit street power among Muslims in Indian sub-continent

For varying reasons, Muslims in the Indian sub-continent always have the desire to exhibit their street power. From taking up roads and public spaces for their prayers to blocking entire roads during these regular protests and stone-pelting, the exhibition of street power is always at play. When an Akbaruddin Owaisi says “remove police for 15 minutes”, it is not appearing out of thin air. It stems from the belief that they do have street power.

On the other hand, in Gulf, there is no such desire to exhibit on the streets who has all the power, that is pretty much settled.

So, to conclude, what we see is that Islam is there same everywhere, but Islamic protests are not. This is not to assume that the Muslims in the Gulf are not offended by or harbour the same sentiments as the subcontinent Muslims – perhaps more so.

However, they don’t come out on the streets because they are already in an Islamic nation that adheres to the principles of Islam rather strictly – that coupled with the fact that they have no interest in proving that they are “true Muslims”, given that they actually are, and with their economic affluence, they have no motivation to come out on the streets and protest.

Centre clears the deck for a 78-km highway in Arunachal Pradesh, reaching 4km close to India, China, and Myanmar tri-junction: Report

India is building a 78-km strategic road in its easternmost village of Arunachal Pradesh, reaching as close as 4 km from the Line of Actual Control (LAC), near the crucial tri-junction of India, China, and Myanmar, an exclusive report by CNN News18’s Aman Sharma said.

On February 1, the Centre embarked on the construction of a new road connecting Dong village to Jachep camp in Arunachal Pradesh by inviting bids with a deadline of three years. The road holds importance as Dong is India’s easternmost village and the new highway will reach Jachep, situated 4 km from China and 20 km from Myanmar’s borders.

With a cost of close to Rs 200 crore, the 3.75-meter-wide highway would be critical for transporting personnel, weapons, and ammunition near the LAC and the tri-junction with China and Myanmar. A helipad is also planned along the road, which will traverse steep terrain with a maximum speed limit of 30-40 km/hr.

The project begins in Dong, where the Lohit and Seti rivers converge in Arunachal Pradesh, and ends at Jachep camp, 4 km before the Line of Actual Control. The road route starts at an altitude of 1,255 meters in Dong and rises to a height of 4,500 meters near the tri-border area of China, India, and Myanmar.

As per the CNN News18 report, the major part of the highway has to navigate through snow-clad mountain tops to counter the steep rise in elevation near Patthar camp.

A greenfield project, the road will be built in accordance with the single-lane national highway specifications.

In the last few years, Indian and Chinese Armed forces have locked horns in the forward positions along the border in Arunachal Pradesh. In December 2022, Defense Minister Rajnath Singh announced that Chinese soldiers tried to cross the LAC in the Tawang sector’s Yangtze area to unilaterally alter the status quo but were driven back by Indian troops’ prompt response.

Before that, in October 2021, a large contingent of Chinese forces tried to violate the LAC at Yangtze, resulting in a major confrontation between the two sides. It reportedly culminated in the temporary detainment of Chinese troops in the region. The Chinese soldiers also attempted to destroy some unoccupied bunkers at the Bum La and Yangtze border crossing near the Arunachal Pradesh LAC.

Earlier last month, News18 had exclusively reported that a new single-lane highway of around 135 kilometres will be built alongside the Line of Actual Control (LAC) from Chushul to Demchok in Ladakh in the coming two years. The road was billed as a major strategic asset for the country to counter China. This road construction project will provide a second boost to infrastructure in the Leh region, following the Indian Border Roads Organization’s invitation to bid on the construction of the Nyoma Airfield in Ladakh last month. The airfield will feature an advanced landing ground, enabling fighter planes to land quickly.

Chinese ‘spy balloon’ spotted flying high over Montana in USA, Pentagon says its keeping watch

Only days before a rare visit to Beijing by the US Secretary of State Anthony Blinken, the Pentagon announced on Thursday that it was tracking a Chinese spy balloon that was floating high over the United States. The incident accelerated tensions between the two sides.

Defense Secretary Lloyd Austin and senior military leaders discussed shooting down the balloon at President Joe Biden’s request but ultimately determined doing so would put too many people in danger on the ground, a senior defence official told reporters on Thursday.

The official, who spoke on the condition of anonymity, stated that it is obvious that the purpose of the balloon is for surveillance.

The balloon had flown over important airbases and strategic nuclear missiles in underground silos in the northwest of the country, the official continued, but the Pentagon did not consider it to be a particularly severe intelligence threat.

From the standpoint of intelligence gathering, we believe that this balloon has little added value, he added.

According to defence authorities, the balloon has been monitored for a few days after it entered US territory and began flying at a great height. It has been traced recently when it passed over Montana, which is home to some of the US’s silo-based nuclear missiles, and has been observed using a variety of techniques, including manned planes. Flights from Billings Logan airport were halted on Wednesday out of caution.

The Pentagon released a statement saying, “The balloon is currently travelling at an altitude well above commercial air traffic and does not present a military or physical threat to people on the ground.”

“Instances of this kind of balloon activity have been observed previously over the past several years. Once the balloon was detected, the US government acted immediately to protect against the collection of sensitive information.”

According to a senior US defence official, the US has “engaged” Chinese authorities through a variety of channels and conveyed the gravity of the situation.

Joe Biden was informed of the situation, as per Pentagon officials, who stated that there was “high confidence” that it was Chinese. The president sought military options, but it was decided against them because of the likelihood that falling debris might hurt people on the ground.

Flying over nuclear missile bases?

One of the three nuclear missile silo fields in the country is located in Montana at Malmstrom Air Force Base. On Wednesday, from 1:30 to 3:30 p.m., all aviation traffic was suspended at Billings Logan International Airport in Montana as the military prepared fighter jets and gave the White House alternatives.

On Thursday afternoon, the subject was briefed to congressional leaders. Kevin McCarthy, the speaker of the House, later tweeted, “China’s brazen disregard for US sovereignty is a destabilizing action that must be addressed.”

According to a statement from the governor and spokesperson Brooke Stroyke, Montana Governor Greg Gianforte stated that he was briefed on the issue on Wednesday after learning that a military operation was in progress in the state’s airspace.

Before making an appearance over the city of Billings, Montana, on Wednesday, the object first soared over Alaska’s Aleutian Islands and through Canada, according to officials.

According to military analysts, the usage of high-altitude balloons is anticipated to grow in the upcoming years. They are significantly less expensive than espionage satellites, difficult to detect with radar and tough to knock down, and occasionally continue to exist for days after being damaged. Using computers to estimate how to take advantage of winds blowing in various directions at various layers of the atmosphere, they can “steer” by altering altitude. In times of conflict, they could carry bombs in addition to surveillance equipment.

The incident occurred just days before Antony Blinken is anticipated to travel to China this weekend, during which time it is anticipated that the US secretary of state will meet Xi Jinping.

Assam govt launches massive crackdown on child marriage, over 1800 arrested so far in 4004 cases filed

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Launching a massive crackdown on child marriage, Assam Police have arrested over 1800 accused so far across the state. Assam Chief Minister Himanta Biswa Sarma informed on Twitter today that 1800+ people have been arrested so far for violating provisions of the Prohibition of Child Marriage Act.

“I have asked Assam Police to act with a spirit of zero tolerance against the unpardonable and heinous crime on women,” the CM further added. It is notable that Assam police have registered 4004 cases of child marriage in the state, and it is expected that most of the arrests will be completed in three days.

Giving a district-wise break up of cases filed, Himanta Biswa Sarma informed yesterday that action on the cases will begin from February 3, and accordingly, police started arresting people named in the cases from last night itself. The CM also informed that more cases are likely to be filed by the police in the coming days.

According to the data provided by the CM, among the 4004 cases, the largest number, 370, has been registered in the Dhubri district. Following that are 255 in Hojai, 235 in Uddalguri, 224 in Morigaon, 204 in Kokrajhar, and 192 in Guwahati. Hailakandi has the lowest case with just 1.

Speaking to the media earlier in the day, CM Sarma said, “Till 8 am today, a total of 1800 people have been arrested in connection to child marriage-related cases in various districts of the state. The police will continue extensive statewide operations in the next three to four days. The exact details on the arrests will be further clarified by the DGP in the evening.”

The crackdown on child marriage was started after the Assam govt in a January 23 cabinet meeting announced that strict measures will be implemented across the state to keep a check on the spike in child marriages in the state. The government had said that legal action against men who marry girls below 14 years of age would be initiated under the POCSO Act and the Prohibition of Child Marriage Act. Similarly, action will be taken under the prevention of child marriage act in cases where the age of the bride is between 14 and 18 years.

The cabinet also decided to designate all 2,197 Gram Panchayat Secretaries to as ‘child Marriage Prevention (Prohibition) officers’ under The Prohibition of Child Marriage Act, 2006 to reduce Infant Mortality Rate & Maternal Mortality Rates and prevent child marriages in rural areas. The CM said that the move was based on a thorough discussion of the National Family Health Survey (NHFS) 5 by the state government.

Ahead of the start of the police action, Chief Minister Himanta Biswa Sarma on Thursday night chaired a video-conference meeting with senior officials of the police department, including Superintendents of Police of all districts, regarding the police actions that would be launched state-wide from today onwards against the practice of child marriage in the state.

The Chief Minister appealed to the people to support the government’s action to rid the state of the evil practice of child marriage. He has also stated that the police will book everyone who has engaged in child marriage in the previous seven years, with a specific emphasis on “mullahs, Kazis, and pujaris” who perform these weddings.

Talking about the 4004 cases filed so far, he said, “these many cases have been registered within nine days; by tomorrow this number might cross 8,000 or 9,000. From Friday, our arrests and action will begin. People will be picked up from across the state. It will be a massive action… All the people who were involved in child marriage in the last seven years will be booked retrospectively. Our main targets will be the mullahs, kazis or pujaris who encourage these marriages,” he said on February 2.

Even though Dhubri and Morigaon are Muslim-majority districts, while Hojai and Nalbari house significantly huge Muslim populations, Sarma maintained his prior declaration that the crackdown will not be directed against any specific community. “Action will be taken against everyone, regardless of caste, creed, or religion,” he stated.

Even as Assam police started nabbing people accused in child marriage cases, some people attempted to flee from the state. 58 people heading towards Kerala in a bus were detained by the police in Rupahi. Similarly, many Qazis accused of performing the marriage of minors have disappeared from several places.

As AAP tries to play up the ‘corruption’ plank, targeting Adani, here are 7 questions they must answer about ED’s chargesheet in liquor scam

A week after Hindenburg Research published a report about the Adani Group, Aam Aadmi Party (AAP) leader Sanjay Singh sought to exploit the precarious situation to target the Modi government.

On Thursday (February 2), he wrote a letter to the Indian Prime Minister, demanding the confiscation of the passport of businessman Gautam Adani. He further accused the Adani Group of committing fraud and peddling lies.

“Adani’s mountain of lies and fraud is crumbling like a pack of cards. Crores of investors in the country are worried. Those who have invested in LIC, and SBI because both of them have given loans worth crores of rupees. The Prime Minister should come forward and address the issue,” he claimed.

Singh further added, “The Finance Minister should tell what the RBI, ED, and CBI are doing. Why is the government silent on such huge corruption? FPO is just the beginning, the mountain of lies will fall.”

Despite the allegations being trashed by the Indian conglomerate, Singh told ANI, “I have written a letter to PM, ED, and CBI demanding the confiscation of Adani’s passport, or else If he also flees from the country like other industrialists and capitalists, then crores of people of this country will be left with nothing.”

He also claimed that entities such as Life Insurance Corporation of India (LIC) and State Bank of India (SBi) continue to invest in the Adani Group, despite allegations of ‘money laundering’ and ‘theft’.

AAP cannot evade questions on Delhi liquor policy scam

While Sanjay Singh has been raising ‘corruption bogey’ and falsely trying to implicate the Union Government of being hands-in-gloves with the Indian businessman, it must be mentioned that the Enforcement Directorate has already filed a supplementary chargesheet into the ‘Delhi liquor policy scam.’

As such, the AAP leader must answer 7 key questions pertaining to the scam and the allegations surrounding the use of funds to fuel the party’s campaign in the State of Gujarat.

  1. Did AAP leader Vijay Nair hire an associate to arm-twist liquor business operators in Punjab?
  2. Did he use the ₹100 crores, obtained as a kickback from the ‘South Group’ for implementing the new liquor policy, to fund AAP’s election campaign in Goa?
  3. What was the role of Chariot Productions in the money laundering scheme?
  4. Did the entity specifically make cash payments for PR/ Advertising related work in Goa?
  5. How did businessman Dinesh Arora secure kickbacks for AAP from South Group?
  6. What was the role of Manaswani Prabhune in the Goa election campaign?
  7. Why did a Punjab-based businesswoman pay 51 lakhs to the State’s CM Relief Fund?

Understanding the Delhi liquor policy scam

The now-scrapped liquor policy of the Delhi government was originally proposed in 2020. After coming into effect in November 2021, it changed the manner in which alcohol was sold in Delhi.

Until then, only government-owned liquor vendors were permitted to sell alcohol. The Delhi Excise Policy 2021-2022 introduced private players in the market. The National Capital was divided into 32 zones and a total of 27 private vendors were to ply in each zone.

Every municipal ward had 2-3 liquor vendors operating in the area. The private liquor shops were allowed to attract crowds by offering discounts on the Maximum Retail Price (MRP). They could deliver liquor at home, and even keep shops open till 3 am in the morning.

The drastic policy change resulted in a 27% increase in government revenue to ₹8900 crores. At the same time, it marked the complete exit of the Delhi government from the liquor business.

While the objective of Excise Policy 2021-2022 was to end black marketing and the liquor mafia, the AAP government soon came under fire over allegations of corruption. Naresh Kumar, who was appointed the Chief Secretary of Delhi in April 2022, found irregularities and procedural lapses in the new liquor policy. 

The Chief Secretary prepared a report and sought the response of Delhi’s Deputy Chief Minister Manish Sisodia, the head of the Excise Department. The report blamed the Deputy CM for making changes to the excise policy without the authorisation of the Lieutenant Governor and providing ‘undue benefits’ to the liquor vendors.

Manish Sisodia reportedly waived off ₹144.36 crores on the license fee, to be paid by the private liquor vendors, under the garb of the Coronavirus pandemic. He also caused loss to the Excise Department and benefitted liquor licensees by waiving the import pass fee of ₹50 per beer case.

All these changes were made without the final approval of the Lieutenant Governor and thus considered illegal under the Delhi Excise Rules of 2010 and Transaction of Business Rules of 1993. The CBI had therefore registered a case against Vijay Nair and 14 others and later arrested Nair in September 2022.

Kolhapur: Wahid abuses, forces 16-year-old Hindu girl for marriage, threatens abduction, attacks her brother

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On January 25, Maharashtra Police filed an FIR against a person named Wahid Shahabuddin Mahabir for abusing, harassing, and threatening a minor Hindu girl in the Rajarampuri area of Kolhapur district, Maharashtra. The accused also is said to have physically assaulted the brother of the victim.

According to the FIR copy obtained by OpIndia, the victim is 16 years old and is a resident of the Daulatnagar area of Rajarampuri. She studies in the 11th Science stream at Rajaram College. The victim girl in the FIR mentioned that the accused had been keeping a watch on her for the past two years and that he deliberately began calling on the home telephone to develop a ‘friendship’ with her.

FIR Copy obtained by OpIndia

“I was in 10th when one day he called our home telephone. My father was away in the field. He knew that my father would not be home at that time and so he called to talk to me. He continued this for several days. I didn’t tell anybody as I thought my father would forbid me from going to school. Later he began meddling on my way to school and harassing me. He used to smile and follow me on my way to the school,” she said.

The victim then sought help from her parents who warned Wahid to stay away from their daughter. But Wahid, who is also a resident of the Daulatnagar area continued to terrify the minor. A year later, the victim happened to join Rajaram College for further education. The accused continued to harass her on her way to college as well. He also used to sit outside her lecture hall in the college and observe her.

Accused Wahid named in the FIR

On January 25, the accused identified as Wahid followed the victim when she was on her way to the college. He asked her to stop and said that he wanted to talk to her. “I was with my friends. We did not stop. He was continuously following us on a bike. He said that he wanted to talk to me. We were already terrified,” the victim said.

According to the FIR, the accused then proposed to the victim and said that he liked her and that he wanted to marry her. He forced the victim to respond and also said that if her family had any problem with their ‘relation’ he would abduct her and then marry her. All this happened when the victim was still on her way to the college. She refused to stop and respond while the accused proposed to her for marriage.

Complaint mentioned in the FIR

Later the accused got enraged and said, “I will see you. You meet me at the college.” He then forcefully held her hand and again asked her to marry him, forcing her to respond. The victim further mentioned in the FIR that the accused followed her even after college. “At around 4:30 pm, after the college, he again followed me and raced his bike against me. I did not stop. He then abused me and used abusive words for me. I told him that I would lodge a Police complaint against him. But he threatened me saying that even if he goes to jail, he wouldn’t spare me. He said he would follow me after his probable release from jail,” the victim noted.

The victim’s brother was on the same way on January 25 and witnessed how Wahid was abusing and harassing the victim. The accused then also physically assaulted the victim’s brother who rushed on the spot to save his sister. “People gathered around seeing that my brother was being badly beaten. Wahid then took his bike and absconded from the spot,” the victim added in the FIR.

The FIR has been registered under IPC sections 354 D, 323, 504 and 506. The accused has also been booked under section 12 of the Protection of Children from Sexual Offences Act, 2012. The Rajarampuri Police confirmed to OpIndia that the case has been filed and that the investigations are underway.

Notably, on January 1, several Hindu organizations organized a protest rally under the banner of ‘Hindu Jan Aakrosh Morcha’ in Kolhapur against a rise in cases of love jihad. Thousands of people joined in the protest and demanded stringent laws against forceful conversion. To date, around 30 such rallies have already been organised across Maharashtra. Previously, such rallies have been organised in over 20 districts, including Mumbai, Parbhani, Nanded, Ahmednagar, Kolhapur, Gadchiroli, Satara, Karad, Sangli, Solapur, Pune, Dhule, Jalgaon, Nagpur, Amravati, Hingoli, Buldhana and Jalna.

Pakistan warns Wikipedia, asks to take down ‘blasphemous’ content or face shutdown

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On February 1, Pakistan Telecommunication Authority (PTA) said that it will block Wikipedia if it fails to take down content deemed to be blasphemous within 48 hours. PTA did not, however, specify which Wikipedia content it viewed to be “blasphemous.”

According to a press release dated February 1 and issued by PTA, it has degraded Wikipedia services in the country for the next 48 hours on account of not blocking/removing sacrilegious content from its platform. 

Wikipedia has, however, neither taken the alleged sacrilegious content down nor did it appear before the Pakistani telecommunication authority.

“Wikipedia was approached for blocking/removal of the said contents by issuing a notice under applicable law & court order(s). An opportunity for a hearing was also provided, however, the platform neither complied by removing the blasphemous content nor appeared before the Authority. Given the intentional failure on part of the platform to comply with the directions of PTA, the services of Wikipedia have been degraded for 48 hours with the direction to block/remove the reported contents,” the press release read.

Press release issued by Pakistan Telecommunication Authority

PTA has warned Wikipedia that its services will be blocked in Pakistan in case it fails to comply with its directions.

According to Wahaj-us-Siraj, Chief Executive Officer of internet service provider Nayatel, “there is slowness and surely it will impact especially those who use Wikipedia for education and information purposes.”

Blasphemy laws in Pakistan

Notably, amidst widespread riots over foodgrains and severe power outages as a result of the ongoing economic crisis in Pakistan, the country’s parliament has recently tightened the country’s draconian anti-blasphemy law.

In January, the Parliament reinforced Pakistan’s strict blasphemy laws, which are regularly applied to settle personal scores or to persecute minorities.

The laws, which currently carry the death penalty for anyone found guilty of insulting Islam or the Prophet Muhammad, can now also be used to punish those found guilty of insulting those associated with him.

The Criminal Laws (Amendment) Act 2023, which was unanimously approved by the Pakistan National Assembly last week, increased the minimum sentence for individuals who disrespect the holy figures of Islam.

Crisis in Pakistan

Pakistan is experiencing its worst economic crisis in years as the country is dealing with a shortage of food, a shortage of power, sky-high inflation, and a collapsing currency. The economy of Pakistan has been spiralling out of control due to the vicious cycle of debt and partial payments. In addition to running out of money, Pakistan has also run out of flour to feed its population, and the country is facing massive power cuts as well.

With expanding debt, rising energy import costs, depleted foreign reserves, political instability, a protracted decline in GDP growth, and millions losing jobs, the country desperately needs a bailout.

The situation in several cities of Pakistan is so grave that flour is being rationed and guarded by armed guards. Prices of flour and wheat have witnessed a dramatic surge. 

Sweden: As migrant influx fuels gang wars and street crime, one-fifth of the population now wants the right to bear arms

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In the latest survey conducted by Novus in Sweden it has been revealed that a large number of Swedish people would feel safer if they could shoot, the respondents also expressed the need for more opportunities to practice shooting skills. 

Novus conducted this survey over 1043 people who belong to the 18-24 age group. Torbjörn Sjöström, CEO of Novus said that the purpose behind conducting this survey was to amidst daily reports on shootings investigate the role of citizens in the connection between weapons, marksmanship, and serious violent crimes.

Sjöström stated that for Sweden, the percentage of people (almost 20%) who said they would feel safer if they had access to a firearm was very high.

This is not the United States, and the fact that more than a million Swedes would feel safer if they could arm themselves represents a significant shift from the normal in Sweden, he continued.

Notably, ownership of firearms for hunting and sports shooting is common in Sweden, however, owning firearms for self-defence is not very common. As per some reports, Sweden has become the country with the highest amount of gun violence within a decade, from its earlier position at the bottom.

‘Integration of migrants has failed’

Since 2000, Sweden has witnessed a dramatic surge in gun violence.  According to a report by The Swedish National Council for Crime Prevention released in 2021 [PDF English Summery], the country, which was once considered one of the safest countries in the world, now stands at the number one position in Europe in terms of fatal shootings. 

In April 2022, the Prime Minister of Sweden Magdalena Andersson said that the integration of immigrants has failed, and it has fuelled gang crimes in the Scandinavian country. PM Andersson had back then also announced multiple initiatives to tackle this. The announcement came after violent riots in Sweden left over 100 police officers injured.

The failure of the authorities to integrate the immigrants the country has received in recent years has led to the formation of parallel societies. Gang violence is much more prevalent in the country now compared to other European countries, data suggests.

Blaming criminals for the law and order situation, PM Andersson said extremism on both sides, i.e. Islamic and right-wing, was allowed to grow in Sweden. She said, “Segregation has been allowed to go so far that we have parallel societies in Sweden. We live in the same country but in completely different realities.”

Back in 2016, it was reported that the Swedish Police had lost control over 55 No-Go Zones where the police struggled to enforce law. 

Interestingly, in 2016, World Bank’s Chief Economist Paul Romer suggested that the best way to deal with ‘migrant problem’ is to create a state-within-a-state where the Swedish national laws will not be applicable. Homer had suggested “rent out a land area the size of HongKong.”