SEBI Chairperson Unveils Investor Risk Reduction Access Platform

by Manisha Das

NEWS HIGHLIGHTS

Chairperson of the Securities and Exchange Board of India (SEBI), Madhabi Puri Buch has launched the Investor Risk Reduction Access (IRRA) platform at the Bombay Stock Exchange (BSE).

Mumbai, Nov 20: Chairperson of the Securities and Exchange Board of India (SEBI), Madhabi Puri Buch has launched the Investor Risk Reduction Access (IRRA) platform at the Bombay Stock Exchange (BSE).

Risk Mitigation in financial markets is an evergreen subject and constant efforts are made by regulators to address risks of various kinds.

The IRRA platform is one such initiative conceptualised and implemented by Market Infrastructure Institutions (MIIs) under the guidance of SEBI to reduce risks faced by investors in the eventuality of technical glitch at Trading Member end at both Primary site and Disaster Recovery site.

MIIs soft launched IRRA platform with effect from October 3, 2023 and officially launched IRRA platform on Monday for the benefit of investors at large.

The platform is available to the trading members supporting Internet-based trading and Security Trading through Wireless Technology for their investors.

IRRA however would not be available for algo trading and Institutional clients.

IRRA can be invoked by Trading Members when they are faced with a technical glitch at their end impacting their ability to service clients across exchanges from both -- Primary site and Disaster Recovery site, where relevant.

On invocation, after basic checks, the platform downloads trades of Trading Member from all the trading venues and sends SMS/email to investors using internet trading or wireless technology along with a link to access IRRA.

Investors using this link can review of status of their investment, orders etc., and place orders for squaring off or closing positions.

(IANS)

Also Read: Business News

Odisha: POCSO Court In Sambalpur Awards Death Sentence To Man For Murder-Rape Of Minor Girl

by Hemanta Pande

Sambalpur, Oct 1: A POCSO court in Odisha's Sambalpur on Tuesday awarded death sentence to a person for killing a minor girl after committing rape in 2022. The convict has also been asked to deposit fine of Rs 1 lakh.

The 34-year-old convict was identified as Prasant Baghar of Jamankera.

"The 11-year-old victim girl had gone to a field near her residence to answer the call of nature in the morning on March 25, 2022. Meanwhile, the convict also reached there and forcefully raped the minor," said public prosecutor Santosh Panda.

Panda further stated that convict Baghar later decapitated her with a sharp weapon and went to the village with her severed head.

The villagers spotted the convict washing the severed head of the girl at the village tube well and informed the police about the ghastly incident.

Upon being informed, the Jamankira police reached the spot immediately and nabbed the accused.

"Based on a complaint lodged by the victim girl's father, police arrested the accused and seized the severed head and weapon," Panda added.

Sources also claimed that the families of the convict and the victim were at loggerheads over some property related-dispute as well.

The court on the basis of the statements of 25 witnesses and other exhibits pronounced the judgement on Tuesday.

The court has also directed the District Legal Services Authority (DLSA), Sambalpur to Rs 3 lakh to the deceased minor's next of kin.

The minor victim's family had earlier received financial compensation of Rs 3 lakh too. (IANS)

Read More Odisha News

East Coast Railway Launches ‘Swachhata Pakhwada’ With Massive Cleanliness Drive

by Hemanta Pande

Bhubaneswar, Oct 1: East Coast Railway (ECoR) has launched a fortnight-long Swachhata Pakhwada, running from 1st to 15th October 2024, with a focus on ensuring cleanliness across Railway Stations, trains, offices, workshops, maintenance depots, hospitals, and residential areas under its jurisdiction, officials said on Tuesday.

This massive cleanliness drive is being carried out to create awareness and inspire collective action towards maintaining a clean and green India.

On the inaugural day of Swachhata Pakhwada, Parmeshwar Funkwal, General Manager, East Coast Railway, administered the Swachhata pledge to all staff and officers. The pledge emphasized the importance of personal responsibility in maintaining cleanliness, with employees committing to keep their premises clean and motivate the general public to do the same.

Earlier, from 14th September to 1st October 2024, ECoR celebrated Swachhata Hi Seva under the theme of "Swabhav Swachhata – Sanskaar Swachhata." The celebrations will culminated on 2nd October 2024, the birth anniversary of Mahatma Gandhi, with Swachh Bharat Diwas events across the East Coast Railway network.

As part of Swachhata Pakhwada, ECoR has planned a series of large-scale cleanliness activities, focusing on engaging Railway employees, passengers, and stakeholders in sustained cleanliness efforts. These activities include:

Cleanliness Drives: Special drives at Railway stations, onboard trains, in offices, workshops, and residential areas.

• Competitions: Painting and drawing competitions themed around cleanliness to raise awareness.

• Anti-littering Campaigns: Awareness campaigns about the hazards of littering at stations and on trains.

• On-board Cleanliness: Focus on maintaining cleanliness within trains, especially in coaches, toilet blocks, and pantry cars.

• Clean Water Installations: Checks on cleanliness at water supply installations, drinking water taps, and water quality across stations.

• Feedback from Passengers: Soliciting passenger feedback on the quality of food served and the cleanliness of the premises and amenities.

The Swachhata pledge taken by ECoR employees includes a commitment to devote 100 hours annually towards cleanliness activities and to encourage at least 100 other individuals to do the same. This initiative echoes Mahatma Gandhi's vision for a clean India and underscores the need for collective action to maintain hygiene in both personal and public spaces.

East Coast Railway remains committed to its mission of achieving cleanliness across all its Divisions, aiming to inspire widespread community involvement. With the support of passengers, railway users, and the general public, ECoR is leading the charge towards a cleaner and healthier environment.

SEBI Chairperson Unveils Investor Risk Reduction Access Platform

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