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Insider Tips On WhatsApp?

 

Insider tips are circulating on WhatsApp groups, a Reuters Investigation found. Government may let the farmers sell the farm stubble so they don’t have to burn it. What makes Narendra Modi such a popular leader? His political humor and sarcasm, found a research group, that analyzed his tweets. 

 

Rs 5,500 per tonne

What is it? The amount for which farm stubble would be bought via a tender to be floated by National Thermal Power Corporation (NTPC).

Why is it important? The burning of stubble of the previous crops to pave way for new plantings in November around Delhi is a major source of pollution and smog in the national capital and neighbouring states. The government says farmers can earn around Rs 11,000 per acre from the sale of stubble/straw pellets.

Tell me more: Some farmers in Punjab are using ‘waste decomposer‘ prepared by the National Centre for Organic Farming to solve this problem. In this method, a solution that decomposes 10,000 metric tonnes of bio-waste in 30 days. Each bottle is available at Rs 20.  

 

12

What is it? The number of instances Reuters has documented in which predictive messages about 12 major companies were posted in private Whatsapp groups.

Why is it important? The report says these messages involved information relating to specific metrics of upcoming quarterly results, upcoming bonus share issues or revenue guidance and were circulated hours or days before official company announcements. Though not all the messages had information that was the same as that reported, experts say the sharing of unpublished insider information and/or using it for trading could potentially be illegal, if they were deemed to be unpublished price-sensitive information. Passing on such details can result in penalties of up to Rs 25 crore and imprisonment up to 10 years.

Tell me more: Recently, the Securities and Exchange Board of India set up a committee to review rules related to insider trading. This is the second time a review of these rules is being conducted in two years, after the Prohibition of Insider Trading Regulations, 2015 received criticism for a lot of grey areas in terms of price-sensitive information.

 

9,040

What is it? The number of tweets of Prime Minister Narendra Modi (@narendramodi) studied by a group of researchers between February 2, 2009 and October 2, 2015.

Why is it important? The study, which seeks to understand what makes the Indian Prime Minister popular, says that he used political humour and sarcasm to appeal to a wider circle and refashion his political style. The authors say his irony gives rise to a form of political spectacle and reverberated with those using social media platforms as is evident from the high re-tweeting of his sarcastically-worded posts. According to a recent survey by Pew Research Centre, nearly nine out of 10 Indians hold a favourable opinion of him, similar to their view of him in 2015.

Tell me more: US President Donald Trump is the most followed leader on Twitter followed by Pope Francis and Modi, according to a report by Twiplomacy.

 

1,614 sq. ft

What is it? The maximum carpet area of houses that is eligible under the Pradhan Mantri Awas Yojana (PMAY), an affordable housing program. The new limit, approved by the Union cabinet, is 22% higher than previous limit of 968 sq. ft.

Why is it important? The higher house size, applicable for people earning between Rs12-18 lakh per annum, could spur demand especially in smaller cities and towns as more projects will be eligible under PMAY.  

Tell me more:  Under PMAY, an interest subsidy of 3% for loan upto Rs12 lakh is given for homebuyers earning between Rs12 lakh and Rs18 lakh. Loans above Rs12 lakh will not be subsidised.

 

Rs3,320

What is it? The additional amount allocated under the National Mission for Judicial Delivery and Legal Reforms to improve infrastructure facilities.  

Why is it important? The spending will increase number of courtrooms and residential facilities for judicial staff at district, sub-district, and village levels. The additional amount is the central government’s contribution, which is 60% of total expenditure.  

Tell me more:  There are adequate courtrooms available to meet the current strength of judges. But if vacancies are to be filled, then it won’t be enough. 16,513 court rooms are available for district and subordinate courts as against working strength of 16,070 judges as on December 2015. The vacancies were estimated at 22% of the sanctioned strength.

 

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