SEBI bans YouTuber Ravindra Balu Bharti for investment scam, fines ₹9.5 crore
New Delhi: The Securities and Exchange Board of India (SEBI) has barred YouTuber Ravindra Balu Bharti and his company, Ravindra Bharti Education Institute, from accessing the securities market until April 4, 2025. The action follows allegations of running an unregistered investment advisory business.
SEBI has also directed Bharti and his firm to refund ₹9.5 crore earned through unauthorised activities. Bharti, who has over 19 lakh subscribers across two YouTube channels, reportedly lured inexperienced investors with trade recommendations, investment advice, and execution services.
According to SEBI, Bharti’s company promoted "high returns" without disclosing associated risks and operated without mandatory registration. The regulator highlighted manipulative tactics, including selling multiple investment plans to individual investors, limiting their autonomy in decision-making.
In addition to the repayment order, SEBI has imposed a ban on Bharti, his company, and associates from engaging in any securities market activity until April 2025. They are also prohibited from offering investment advisory services without proper registration. A further penalty of ₹10 lakh has been levied on Bharti and his associates.
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No ICU in 14 Delhi hospitals, mohalla clinics without toilets: CAG report
New Delhi: A report by the Comptroller and Auditor General (CAG) on Delhi's healthcare infrastructure has exposed alarming mismanagement, negligence, and a lack of accountability over the last six years. Expected to be tabled in the Delhi Assembly on Friday, the report outlines critical deficiencies across the city's healthcare system, including severe shortages of medical equipment, healthcare workers, and essential services, as well as poor infrastructure in mohalla clinics.
The report, as cited by India Today, revealed worrisome gaps in critical medical services, with 14 out of 27 hospitals in Delhi lacking ICU facilities, 16 hospitals without blood banks, and 8 hospitals missing oxygen supply. Additionally, 15 hospitals do not have a mortuary, and 12 hospitals are operating without ambulance services.
The report also highlights the dire conditions in mohalla clinics, many of which are without basic facilities such as toilets, power backup, and check-up tables. Similar deficiencies were observed in AYUSH dispensaries, further adding to concerns about the city's healthcare infrastructure.
Staff shortages in Delhi hospitals are equally concerning. The report unveiled a 21 percent shortage of nurses, a 38 percent shortage of paramedics, and a staggering 50-96 percent shortage of doctors and nurses in some hospitals.
These shortages are contributing to long wait times for essential treatments. At Lok Nayak Hospital, patients face a 2-3 month wait for general surgeries and 6-8 months for burn and plastic surgeries. Meanwhile, CNBC Hospital has a 12-month waiting period for pediatric surgeries.
Other major concerns include underutilisation of available resources. The report mentioned that operation theatres, ICU beds, and private rooms at Rajiv Gandhi and Janakpuri Super Speciality Hospitals remain unused, while trauma centers suffer from a lack of specialist doctors for emergency care.
The report also flags the underutilisation of funds allocated for COVID-19 response. Of the Rs 787.91 crore allocated for pandemic management, only Rs 582.84 crore was spent. Furthermore, Rs 30.52 crore earmarked for healthcare workers remained unspent, and Rs 83.14 crore designated for essential drugs and PPE kits went unused.
