FIR against Opindia for spreading fake news on migrant workers in Tamil Nadu
Chennai: Avadi Police have registered an FIR against news portal Opindia.com on charges of spreading fake news and creating a sense of fear among migrant workers in Tamil Nadu.
According to a police release, Thirunindravur Police in Avadi, have registered a case against Rahul Rusan, CEO, and Nupur Sharma, editor, of the website, based on a complaint by a Dravida Munnetra Kazhagam (DMK) IT wing member, seeking action in the matter, reports The Print.
Further details are awaited on the matter.
In an outright dismissal of the reports that Bihari migrant labourers were attacked in Tamil Nadu, DGP C Sylendra Babu told ANI on Monday that the videos circulated on social media claiming to be on the alleged attacks were fake. He also pointed out that most of the videos were not from Tamil Nadu.
The top police official of the state urged the media to act responsibly with regard to ‘offensive matter’. He also asked the people not to spread any message on social media on such matter.
“The situation is now peaceful and that the workers had resumed their work. Some of the workers have left for Holi celebrations. They had already booked tickets for the journey and have left. We are also able to convince them through their employers,” he added.
The officer said, “The police officers have reached out to the migrant workers and convinced them that there is no such incident of attack on Bihari workers or workers from any other state here. Whatever they have seen in the media that the migrant labourers are attacked, they are all fake videos.”
The efforts of the police had convinced the labourers that migrant workers in Tamil Nadu would not be attacked, the DGP added.
“The workers are also convinced that the videos being shared on social media are not from Tamil Nadu. In the places where the north Indian workers were employed, we have intensified the police patrol. Hindi-speaking police officers are in constant touch with them,” he said.
The DGP said that special helplines were set up in districts like Erode, Tripur, Coimbatore and Chennai in order to encourage people to not hesitate to complain if there were cases of attack.
“There has been not even one complaint from them,” the police officer said.
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SEBI must name 'big players' profiteering at expense of small traders in F&O trading: Rahul Gandhi
New Delhi, Sep 24: Congress leader Rahul Gandhi on Tuesday said 90 per cent of small investors have lost Rs 1.8 lakh crore in Futures and Option (F&O) trading in three years and asked the SEBI to reveal the names of the "so called big players" profiteering at their expense.
More than 91 per cent, or 73 lakh, individual traders lost money in the F&O segment in FY24 with an average net loss of Rs 1.2 lakh per person, a study conducted by markets regulator Securities and Exchange Board of India (SEBI) revealed on Monday.
Further, 93 per cent of over 1 crore individual F&O traders incurred average losses of about Rs 2 lakh per trader (inclusive of transaction costs) during the three years from FY22 to FY24. The aggregate losses of such traders exceeded Rs 1.8 lakh crore during the period.
Gandhi, who is the leader of the Opposition in the Lok Sabha, said on X, "Uncontrolled F&O trading has grown 45X in 5 years. 90% of small investors have lost ₹1.8 lakh Cr in 3 years."
"SEBI must reveal the names of the so called 'Big Players' making a killing at their expense," the former Congress chief said.
The study said in FY24 alone, individuals incurred about Rs 75,000 crore in net losses.
It found the top 3.5 per cent of loss-makers -- about 4 lakh traders -- faced an average loss of Rs 28 lakh per person over the same period, inclusive of transaction costs.
On the other hand, only 7.2 per cent of individual F&O traders made a profit over the period of three years and only 1 per cent of individual traders managed to earn profits exceeding Rs 1 lakh, after adjusting for transaction costs.
Moreover, the number of retail traders, or individual traders, has almost doubled in two years to about 96 lakh in FY24 from about 51 lakh in FY22.
Although such investors contributed about 30 per cent to the total turnover in FY24, they are a clear majority in number terms, as 99.8 per cent of total traders in the equity F&O segment are individuals.
"The availability of sophisticated trading platforms and lower transaction costs have enabled retail investors to actively trade in options and futures contracts, contributing to the surge in market liquidity," SEBI said.
The regulator said rapid growth in F&O trading activity has highlighted the need for investor education and risk management practices, as a significant proportion of retail traders continued to incur losses in the market.
Uncontrolled F&O trading has grown 45x in 5 years.
— Rahul Gandhi (@RahulGandhi) September 24, 2024
90% of small investors have lost ₹1.8 lakh Cr in 3 years.
SEBI must reveal the names of the so called “Big Players“ making a killing at their expense.
