Class 12 girl shot dead in UP for protesting against molestation by 3 youths

Agencies
October 24, 2020

Lucknow, Oct 24: Notwithstanding the claims by the state government, crimes against women in Uttar Pradesh show no signs of abating.

A 16-year old girl was shot dead in UP's Firozabad district allegedly after she protested against her 'molestation' by three youths.

According to the police sources here, the youths barged into the house of the victim, who studied in 12th standard at a local school, in Prem Nagar area in the district late on Friday night and shot her dead.

''One of the youths, who carried a pistol, shot my daughter in the head killing her on the spot,'' the father of the victim said.

He said that her daughter had protested and threatened to lodge a complaint to the police, when the youths, who also hailed from the same locality, passed lewd comments on her while she was on her way back home from her school on Friday.

A named FIR was registered against the three youths and a hunt was launched to nab them, police said. ''We have formed three teams to nab the accused persons,'' said a senior police official in Firozabad.

The incidence of crimes against women has risen sharply in the state in the past few months triggering widespread outrage of criticism of the BJP government.

The incident comes close on the heels of alleged 'gangrape' and brutal murder of a woman in Hathras. 

The opposition parties slammed the BJP government in the state and said that the law and order situation had turned for the worse and that 'jungle raj' prevailed in the state.

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coastaldigest.com news network
November 26,2020

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Mangaluru, Nov 26: On account of International Day for the Elimination of Violence against Women, the cadre of Girls Islamic Organisation, Mangaluru Unit, staged an awareness program near Clock Tower, Hampankatta, on the 25th of November, under the theme "ART RAGE - Where Art meets Revolution." 

The program was inaugurated by Police Inspector Revathi, Mrs. Shobhana, who served as a Lecturer in School of Social Work, Roshni Nilaya, Sister Umaira Banu, the State President of GIO Karnataka and Mrs. Sameena Afshan, the President of JIH Women's Wing, Mangaluru. 

The program began with sloganeering and continued with a flash mob. In between there were poetry recitals in 3 different languages under the same theme. 

Mrs. Shobana addressed the issues of patriarchy in Indian Families and how women need to break free and rise above all atrocities and evil. The concluding address was given by our State President, Sister Umaira Banu, who spoke about the increase in domestic violence during the pandemic and also encouraged women to come forward and raise their voices against the heinous evil acts that have been taking place in the society. 

Mafazah Sharafuddein, a student of Journalism, beautifully portrayed a live art of a woman breaking free from shackles and reaching towards a ray of hope. The crowd dispersed after a group song titled "Bekhauff". Around 60 people witnessed this event and it was also telecasted live.

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News Network
November 24,2020

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Elon Musk's year of dizzying ascents hit a new apex Monday as the Tesla Inc. co-founder passed Bill Gates to become the world's second-richest person.

The 49-year-old entrepreneur's net worth soared $7.2 billion to $127.9 billion, driven by yet another surge in Tesla's share price. Musk has added $100.3 billion to his net worth this year, the most of anyone on the Bloomberg Billionaires Index, a ranking of the world's 500 richest people. In January he ranked 35th.

His advance up the wealth ranks has been driven largely by Tesla, whose market value is approaching $500 billion. About three-quarters of his net worth is comprised of Tesla shares, which are valued more than four times as much as his stake in Space Exploration Technologies Corp., or SpaceX.

Musk's milestone marks only the second time in the index's eight-year history that Microsoft Corp. co-founder Gates has ranked lower than number two. He held the top spot for years before being bumped by Amazon.com Inc. founder Jeff Bezos in 2017. Gates's net worth of $127.7 billion would be much higher had he not donated so prodigiously to charity over the years. He has given more than $27 billion to his namesake foundation since 2006.

With Monday's move, Musk unseats an occasional verbal sparring partner in Gates, who the Tesla billionaire has ridiculed on Twitter for, among other things, having “no clue” about electric trucks. The two have also traded barbs over Covid-19. Gates, whose charitable foundation is one of the preeminent bodies backing vaccine research, has expressed concern over Musk's stated suspicion of pandemic data and embrace of certain conspiracy theories.

The year has been a lucrative one for the world's richest people. Despite the pandemic and widespread layoffs that have disproportionately affected the world's working class and poor, the members of the Bloomberg index have collectively gained 23% -- or $1.3 trillion -- since the year began.

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Agencies
November 20,2020

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New Delhi, Nov 20: The Reserve Bank of India's internal working committee has recommended path-breaking reforms in the Indian banking sector, calling for participation of large Indian corporates and industrial house as promoters of banks.

The P.K. Mohanty-headed working group was set up in June to examine and review the extant licensing and regulatory guidelines relating to ownership and control, and corporate structure of Indian private sector banks.

"Large corporate/industrial houses may be allowed as promoters of banks only after necessary amendments to the Banking Regulations Act, 1949 to deal with connected lending and exposures between the banks and other financial and non-financial group entities; and strengthening of the supervisory mechanism for large conglomerates, including consolidated supervision," the committee said in its report released by the RBI on Friday.

The suggestion is in line with evolving thinking that a liberal ownership structure, backed by strong regulation, would help in expanding the banking services in the country while getting the requisite investment from the corporate sector.

The RBI had remained reluctant to permit large corporate houses to promote banks as such a structure is seen to hamper free and fair operations of the banks while presenting a case for conflict of interest.

The NITI Aayog, on the other hand, had recently recommended to the government that long-term private capital should be allowed into the banking sector. It also suggested giving banking licences to select industrial houses.

In its report, the working group has also batted for conversion of well-run large non-banking Finance Companies (NBFCs, with an asset size of Rs 50,000 crore and above), including those which are owned by a corporate house, into banks, provided they have completed 10 years of operations and meet the due diligence criteria and satisfy other additional conditions.

With regard to the complex ownership structure that is place for the banking sector in India, the working group has recommended a more liberal structure that allows promoters to hold higher shareholding in private banks.

It has suggested that while the initial five year lock-in period for promoter shareholding in banks with a minimum holding of 40 per cent per cent of the paid-up voting equity share capital may continue, the cap on promoters' stake in long run of 15 years may be raised from the current levels of 15 per cent to 26 per cent.

"This stipulation (26 per cent shareholding) should be uniform for all types of promoters and would mean that promoters, who have already diluted their holdings to below 26 per cent, will be permitted to raise it to 26 per cent of the paid-up voting equity share capital of the bank. The promoter, if he/she so desires, can choose to bring down holding to even below 26 per cent, any time after the lock-in period of five years," the committee has said in its report.

As per current regulations, promoters of banks have to reduce their shareholding to 15 per cent level.

To provide further flexibility to promoters of private banks, the committee has said that no intermediate sub-targets between 5-15 years may be required for reduction in shareholding.

"However, at the time of issue of licences, the promoters may submit a dilution schedule which may be examined and approved by the Reserve Bank. The progress in achieving these agreed milestones must be periodically reported by the banks and shall be monitored by the Reserve Bank," the committee said.

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