The Juvenile Justice Bill that provides for treating boys aged 16 and above at par with adults for punishment of heinous crimes like rape was passed in the Lok Sabha on Thursday.A day ago, several members had opposed the bill stating that rehabilitation and not retribution should be the policy, while expressing concern over amendments to the Juvenile Justice (Care and Protection of Children) Bill, 2014. The bill has been prepared against the backdrop of public outcry over the Delhi gang-rape case of 2012 in which a juvenile accused got away with a lighter punishment because of his age.On April 22, the Union Cabinet approved the Women and Child Development ministry's proposal that juvenile offenders accused of heinous crimes be tried as adults.Rediff.com broke this story more than two months ago, on March 9! Read Rashme Sehgal's story! Maneka Gandhi is determined to introduce a revised Juvenile Justice (Care and Protection of Children) Bill in the current session of Parliament. The bill … [Read more...] about Rediff said it first: Juveniles, accused of heinous crimes, to be tried as adults
The Bombay Hemp Company offers goods fashioned out of hemp, the lesser known cousin of ganja.Rediff.com Last year in April, senior narcotics officers were discussing the drug problem in Himachal Pradesh at a conference organised by the Institute for Narcotics Studies and Analysis, a think-tank. Most of the talk centred around drug busts and how to tackle marijuana (and opium) farms. Here, Jahan Peston Jamas, 27, went up to talk about legitimising and strengthening cannabis farms. Jamas' proof-based talk on the industrial use of hemp (cannabis) was so convincing that a senior bureaucrat, who wanted to propose replacing these cultivations with apple orchards, paused to acknowledge his ideas as a way forward. Jamas is one of the seven co-founders of Bombay Hemp Company (Boheco), a startup that offers goods fashioned out of hemp, the lesser known cousin of the stigma-heavy marijuana or ganja. The talk of legalising medical marijuana has existed as long as the ban on it. In a landmark move … [Read more...] about 7 young men and their unusual start-up
Biking Around What was Bajaj Auto first called? Take the Rediff Biz Quiz and find out how much you know about India and its two-wheeler companies.Biz Quiz is best viewed in Internet Explorer (IE) and Netscape above version 6.0. 1. Which company launched the first 100 cc bikes in India?Ind-Suzuki Hero Honda Bajaj Auto Wrong! Try again.. Wrong! The correct answer is Ind-Suzuki. Ind-Suzuki (later known as TVS-Suzuki) -- a joint venture of TVS Motor Company Limited and Suzuki Motor Corporation -- was launched in September 1984. It was the first company to launch 100 cc bikes in India. The two companies parted ways in September 2001. Correct!Ind-Suzuki (later known as TVS-Suzuki) -- a joint venture of TVS Motor Company Limited and Suzuki Motor Corporation -- was launched in September 1984. It was the first company to launch 100 cc bikes in India. The two companies parted ways in September 2001. 2. What was Bajaj Auto first called?Bajaj Trading Corporation Bajaj Trading Company Bachraj … [Read more...] about What was Bajaj Auto first called?
'People who have unaccounted money often park it in unregulated deposit schemes.' Illustration: Uttam Ghosh/Rediff.com In the past, scams like Rose Valley and Saradha deprived thousands of investors of their hard-earned money. To curb the menace of illegal deposit raising, the government introduced the Banning of Unregulated Deposit Schemes Bill in Parliament in July 2018. The Bill was subsequently referred to the Standing Committee on Finance. Recently, it was passed by the Lok Sabha, but could not be passed in the Rajya Sabha.On the Cabinet's request, the President has promulgated the Bill as an ordinance. Unregulated entities can't raise deposits: At present, nine regulators monitor various deposit-taking schemes in India. The Reserve Bank of India, for instance, regulates non-banking financial companies, the Securities and Exchange Board of India oversees mutual funds, state and Union territory governments regulate chit funds, and so on. According to this ordinance, all … [Read more...] about Tough law against illegal deposits
Delhi brokers under SEBI's glare for drawing investors through ads promising unrealistic returns.Rediff.com The Securities and Exchange Board of India has started cracking down on a fraud scheme promising unreasonable returns from the stock market in a short span of time. The move comes after dozens of investors complained to the regulator at its New Delhi office against a scheme promising high returns.Calling it a business offer, scrupulous entities lured investors through advertisements in local and national dailies in New Delhi. 'Invest Rs 12 lakh, earn Rs 3 lakh weekly approximately,' the ad claimed. 'Open online trading account and deposit money in your own name with any NSE discount broker', the ad further said. Sources say Sebi has begun to round up brokers who are suspected to be facilitating such trades in the market. The market regulator has also shared this information with the economic offence wing of the Delhi police. "The regulator has approached the Delhi police … [Read more...] about SEBI action against high return schemes