Srinagar, April 14: Former Chief Minister and Chairman of Democratic Azad Party (DAP), Ghulam Nabi Azad on Monday dissolved all state, province, district and block level committees of his party.

Bashir Arif, secretary to Gulam Nabi Azad, said the DAP chairman has dissolved all state, province, district and block level committees, and the reconstitution will take place in due course.

Ghulam Nabi Azad parted ways with the Congress party, with which he remained associated for over 40 years.

He was the Leader of Opposition in the Rajya Sabha as a Congress MP in 2014, and after his term of office ended, he announced that he was parting ways with the Congress that had become a ‘family driven affair’ for the mother and son.

He launched the Democratic Azad Party (DAP) from Jammu and Kashmir on September 26, 2022, saying “it will not be autocratic, but democratic”.

“The DAP will be based on the principles of democracy. It will not be influenced by any outside leader or other party. It will have independent thinking and will stay independent in its decisions. It will not be autocratic and power will not be in one hand,” Azad said on the party’s launch day.

He quit Congress on August 26, 2022, after over four decades of association, following differences with the party high command.

However, none of the leaders from the G23, a rebel group within the Congress, was present at the party launch. He had suggested launching a national-level party rather than a regional party.

DAP fought the J&K Assembly elections last year, but could not manage to win a single seat in the 90-member Legislative Assembly.

After the complete defeat in the Assembly elections, many leaders of Azad’s party left the party to rejoin Congress.

Prominent among them are Taj Mohiuddin and some other former ministers in the Congress rule in J&K.

Mumbai, April 12: Alarmed at frauds related to securities market on various social media platforms, capital markets regulator SEBI has issued an advisory for investors to exercise caution and due diligence to verify the genuineness of social media handles of SEBI-registered entities while accessing them.

SEBI noticed an increase in frauds related to securities market on various social media platforms such as YouTube, Facebook, Instagram, X (previously Twitter), WhatsApp, Telegram, Google Play Store and Apple Store, etc.

“With increasing adoption of digital communication platforms, it is observed that scamsters are enticing victims by giving trading calls in the name of providing education. They also provide misleading or deceptive testimonials, promise or guarantee of assured or risk-free return etc. through various social media platforms,” according to a SEBI statement.

SEBI noticed unregistered investment advisory services being provided by entities that falsely claim to be registered intermediaries with SEBI or by showcasing fake certificates purportedly issued by the regulator.

It also observed impersonation of SEBI-registered entities by fraudulent trading platforms, WhatsApp, Telegram channels which deceptively claim or suggest affiliation with SEBI-registered entity claiming to provide assured or risk-free return.

“Scamsters are enticing gullible investors by claiming that they provide exclusive services on their platform (fake trading/advisory apps) facilitating securities trading that allow the subscriber to enjoy preferential services with regard to trade and share price — institutional trading account, IPOs at discounted price, block trade at discounted price and sure shot allocation of IPO,” said SEBI.

Also, misleading and manipulative contents have been designed by scamsters to entice investors to join private chat groups or channels on WhatsApp/Telegram, through fraudulent ads/posts on various social media platforms.

“Investors are advised to exercise caution and due diligence to verify the genuineness of social media handles of SEBI registered entities while accessing them,” the regulator noted.

Further, while investing in securities market, investors are advised to deal with only SEBI-registered intermediaries and authentic trading apps, it added.

New Delhi, April 11: Prime Minister Narendra Modi will visit his parliamentary constituency Varanasi on Friday, during which he will distribute Geographical Indication (GI) certificates for 21 newly registered products of Uttar Pradesh.

Of the 21 recipients, nine are artisans and producers from Varanasi, underscoring the city’s role as a vibrant hub of traditional craftsmanship and cultural heritage.

Padma Shri awardee and GI expert Rajni Kant, who has been instrumental in advancing GI registrations across India, shared his views ahead of the event.

“I am playing a small role in the progress of GI in Banaras and the whole of India,” he said.

“Since the GI Act came into force in 2003, this is the first time in the country that GI certificates will be distributed for 21 products in one event, and that too by the Prime Minister,” Kant said.

He highlighted that with these new inclusions, the total number of GI-tagged products from Uttar Pradesh will reach 77, placing it among the top states in India in terms of GI recognition.

“It’s a proud moment, Kashi alone has 32 GI-tagged products, supporting around 20 lakh people and generating an annual business of about Rs 25,500 crore,” he said.

Emphasising the national impact of the GI movement, he said: “The journey that started in Kashi has now reached Arunachal Pradesh and Andaman and Nicobar Islands.”

Apart from the GI event, PM Modi’s Varanasi visit includes inaugurating a transit hostel at Police Lines, new police barracks in Ramnagar, four rural roads, and beautification works along Shastri Ghat and Samne Ghat.

Additional urban development projects under the Railways and Varanasi Development Authority will also be launched.

A major portion of the Rs 3,880 crore development push will focus on upgrading the city’s power infrastructure, including the construction of 15 new substations, the installation of transformers, and laying 1,500 km of new power lines.