April 2024 – Page 406 – Safir News Agency

Hyderabad

Foreign tour: Show-cause notice served on teacher

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As per the notice issued by District Educational Officer T Pranitha, Yadav was asked why action should not be initiated against him for touring a foreign country flouting norms.

Published Date – 1 April 2024, 07:09 PM

Foreign tour: Show-cause notice served on teacher — As per the notice issued by District Educational Officer T Pranitha, Yadav was asked why action should not be initiated against him for touring a foreign country flouting norms.

Adilabad: Officials of the Education department issued a show-cause notice against M Mahender Yadav, a School Assistant at the Zilla Parishad Secondary School in Bharampur village in Thalamadugu mandal on Monday.

As per the notice issued by District Educational Officer T Pranitha, Yadav was asked why action should not be initiated against him for touring a foreign country flouting norms. He was directed to provide his explanation within 10 days. Action would be taken against if he failed to give an appropriate answer to the notice as per rules of the Classification Control Appeal (CCA).

Teachers unions were criticising the department for failing to take action against the teacher. Yadav had reportedly toured Bangkok without obtaining a mandatory no-objection certification (NOC) from the department from March 7 to 10 as part of a business trip.

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"I'm Haunted Every Day": Sam Bankman-Fried Speaks Out After Sentencing

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'I'm Haunted Every Day': Sam Bankman-Fried Speaks Out After Sentencing

Mr Fried was on a pinnacle of success, leading a luxurious life, to a sudden downfall.

Former crypto entrepreneur Sam Bankman-Fried was sentenced to 25 years in jail last week following his conviction in one of the biggest financial fraud cases in history. In an interview with ABC News, Mr Fried said he is remorseful for his actions.

“It’s most of what I think about each day,” he told the media outlet.

Mr Fried was on a pinnacle of success, leading a luxurious life, to a sudden downfall.

He was found guilty of multiple counts of fraud in 2023 after the spectacular crash of his cryptocurrency exchange FTX.

“I never thought that what I was doing was illegal. But I tried to hold myself to a high standard, and I certainly didn’t meet that standard,” he told ABC News in an email.

A Massachusetts Institute of Technology graduate and a billionaire before the age of 30, Sam Bankman-Fried conquered the crypto world at breakneck speed, turning FTX, a small start-up he cofounded in 2019, into the world’s second-largest exchange platform.

But in November 2022, the FTX empire imploded, unable to cope with massive withdrawal requests from customers panicked to learn that some of the funds stored at the company had been committed to risky operations at Sam Bankman-Fried’s personal hedge fund, Alameda Research.

During the trial, some of Sam Bankman-Fried’s closest associates said that he was key to all the decisions that saw $8 billion vanish from FTX.

“I’ve heard and seen the despair, frustration and sense of betrayal from thousands of customers; they deserve to be paid in full, at current price,” he told the media outlet.

“That could and should have happened in November 2022, and it could and should happen today. It’s excruciating to see them waiting, day after day,” he added.

He added that he “felt the pain” from co-workers as he “threw away what they poured their lives into” and from the charities he supported “as their funding turned into nothing but reputational damage.”

“I’m haunted, every day, by what was lost. I never intended to hurt anyone or take anyone’s money. But I was the CEO of FTX, I was responsible for what happened to the company, and when you’re responsible it doesn’t matter why it goes bad. I’d give anything to be able to help repair even part of the damage. I’m doing what I can from prison, but it’s deeply frustrating not to be able to do more,” he told ABC News.

The downfall began on November 7, 2022 when a rival executive tweeted about FTX’s financial stability, triggering panic among customers and sparking a massive bank run that drained billions from the platform. Despite efforts to stem the bleeding, the damage was irreversible, resulting in over $8 billion in missing customer funds and the bankruptcy of the company.

During Mr Bankman-Fried’s trial, two conflicting narratives emerged about his involvement, with some calling him a brilliant but unwitting CEO, while others accusing him of knowingly siphoning billions of dollars of customer money.

India

Subedar Thanseia, World War II Veteran, Dies At 102

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Subedar Thanseia, World War II Veteran, Dies At 102

Subedar Thanseia was a native of Mizoram

New Delhi:

Subedar Thanseia, a distinguished World War II veteran of the Indian Army, whose actions at the crucial Battle of Kohima against formidable odds, contributed to a pivotal victory for the Allied forces, has died at the age of 102, officials on Monday said.

The Army veteran, who belonged to Mizoram, breathed his last on March 31.

“His remarkable life was defined by his valour at the Battle of Kohima, a crucial confrontation in World War II, and his significant role in establishing the legacy of the 1st Assam Regiment during their critical deployment at Jessami,” a senor official said.

Throughout his service, Subedar Thanseia demonstrated a commitment to the nation that “went beyond the call of duty, earning him a revered place in the annals of India’s military history”.

“His actions at Kohima, against formidable odds, contributed to a pivotal victory for the Allied forces, marking a turning point in the conflict in the East,” the official added.

India mourns the loss of Subedar Thanseia, a “distinguished World War II veteran of the Indian Army’s Assam Regiment”, the Army said.

After his retirement, Subedar Thanseia continued to inspire with his dedication to community and country, actively participating in veteran affairs and educational initiatives.

His life after service was as impactful, fostering a spirit of patriotism and resilience in younger generations, the officials said.

The tribute to Subedar Thanseia witnessed an overwhelming turnout from army and civil fraternities, including comrades from the Assam Regiment, who came together to pay their respects, they said.

“His legacy leaves an indelible mark on the Indian Army, Assam Regiment and people of North East reminding us of the sacrifices made by our soldiers in the quest for peace and freedom,” the Army said.

The Northeast, while mourning his loss, celebrates Subedar Thanseia’s extraordinary life and service. His contributions to our nation and his role in World War II will be remembered as a “beacon of bravery, leadership, and unwavering commitment to duty”, it said.

“Subedar Thanseia’s story is not just a testament to the past but a continuing source of inspiration for the future, honouring the legacy of all Indian soldiers who have served with distinction,” the official said.

“In remembrance of Subedar Thanseia, we are reminded of the courage and determination of those who have served before us, their stories shaping the foundation of our present and future. His memory will live on, a guiding light for generations to come, embodying the spirit of service and sacrifice that defines the best of humanity,” the statement said.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

Hyderabad

Mahabubnagar MLC bypoll: Counting postponed to June 2

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Earlier, the counting of votes was scheduled to be held for Tuesday. The by-election was held last Thursday amidst tight security.

Published Date – 1 April 2024, 07:15 PM

Mahabubnagar MLC bypoll: Counting postponed to June 2

Hyderabad: Counting of votes polled in the Mahabubnagar Local Authorities constituency MLC bypoll has been postponed to June 2 in the wake of the Lok Sabha model code of conduct being in vogue.

Earlier, the counting of votes was scheduled to be held for Tuesday. The by-election was held last Thursday amidst tight security.

Authorities said that of the 1,439 voters, 1,437 voters exercised their franchise at the 10 polling stations established for the election.

The Election Commission of India on Monday said the administrative machinery involved in conduct of the by-election was also involved in the ongoing Lok Sabha elections.

Engaging the same machinery for the conduct of voting may compromise the smooth conduct of Lok Sabha elections in Telangana, the ECI said in a notification.

The Mahabubnagar Local Authorities MLC by-election was held after Kasireddy Narayan Reddy contested and won the Assembly elections from Kalwakurthy constituency. After winning the elections, he resigned as MLC.

From the Congress, Manne Jeevan Reddy was in the fray while for the BRS, N Naveen Kumar Reddy contested the elections.

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Premier Probe Agencies "Spread Too Thin": Justice DY Chandrachuds Advice

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Premier Probe Agencies 'Spread Too Thin', Cautions Justice DY Chandrachud

The premier investigative agencies of the country have been spread too thin and they must only focus on cases that involve national security and crimes against the nation, Chief Justice of India DY Chandrachud said today. Delivering the 20th DP Kohli Memorial Lecture on CBI Raising Day, Justice Chandrachud also flagged how technology has changed the crime terrain and the agency is now facing a complex challenge.

“The CBI is being increasingly asked to delve into diverse array of criminal cases beyond its role as anti-corruption investigative agency. This places a huge responsibility on CBI to live upto its motto,” Justice Chandrachud said.

“I think we have spread out the premier investigative agencies too thin. They must only focus on those that concern national security and crimes of economic offences against the nation,” the Chief Justice added, pointing out that the force consists largely of officers on deputation.

The solution, he suggested, was digitising the investigation process that can begin from the filing of a First Information Report. Given the huge number of cases, technology needs to be leveraged to reduce delays.

“All arms of the criminal justice administration and all stakeholders including the FSLs must collaborate by holding workshops to help confront challenged we face,” he said.

The other changes should include upgrading the probe agency by making structural reforms.

Also, artificial Intelligence must be harnessed fir the best outcome. Calling it a “game changer” that can revolutionise criminal justice, he said it can be used to mine potential leads and data “with unprecedented accuracy”.

Hyderabad

Congress government left farmers in lurch to prove Kaleshwaram as failure: KTR

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Despite previous criticisms of the project’s efficacy, he noted the sudden release of water to Karimnagar, indicating political maneuvering rather than genuine concern for farmers’ welfare.

Published Date – 1 April 2024, 07:19 PM

Congress government left farmers in lurch to prove Kaleshwaram as failure: KTR — File photo of KT Rama Rao.

Nalgonda: Holding the Congress-led government responsible for the drought-like crisis in Telangana, BRS working president KT Rama Rao pointed out the government’s failure to utilise the Kaleshwaram Lift Irrigation Project (KLIP) effectively, leading to water scarcity across the State.

Despite previous criticisms of the project’s efficacy, he noted the sudden release of water to Karimnagar, indicating political maneuvering rather than genuine concern for farmers’ welfare.

“As we have been pointing out, this drought is not a result of natural circumstances but rather the incompetence of the ruling Congress party. To showcase that the Kaleshwaram project is a failure and to blame the BRS regime, the State government emptied all barrages and released water downstream citing the Medigadda barrage inspection. Instead, they could have lifted the available water to fill all water bodies upstream and avoided this crisis to a large extent,” he said.

Rama Rao, who called on farmers Ganneboina Mallaiah Yadav and Byreddy (Borewell) Ram Reddy in Mushampally village of Nalgonda district on Monday, enquired with them about their crops.

He assured that the BRS would fight on behalf of farmers and pressurise the government to fulfill its promises. He called out the Congress leaders for their failure to address the crisis effectively, urging them to prioritise welfare of farmers over political agenda.

The State government was shocked at the response to former Chief Minister K Chandrashekhar Rao’s visit to Nalgonda and Suryapet districts on Sunday.

Ahead of his proposed visit to Karimnagar and Rajanna-Sircilla districts on April 5, the government released water from Sripada Yellampally project as a firefighting measure, he said, asking Congress leaders who termed the Kaleshwaram project as a mammoth failure until yesterday, to explain how water could be released from Sripada Yellampally project to Karimnagar using the massive pumps of the KLIP.

Stating that the State government was not taking contingency measures to safeguard drying crops in lakhs of acres only to cause disrepute to Chandrashekhar Rao and prove the Kaleshwaram project as a failure, Rama Rao demanded immediate relief measures for farmers.

He cited the plight of Borla Ramireddy, a symbol of Telangana farmers’ struggles, underscoring the drastic decline in agricultural conditions under the current regime compared to the BRS rule.

Challenging the government’s apathy, the BRS working president asked Chief Minister A Revanth Reddy and his Ministers to visit affected areas like Mushampally and confront the harsh realities faced by farmers.

Former Minister G Jagadish Reddy and other leaders were also present.