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UP: CCTV Footage Shows Drunk Rail Staffer Busy On Video Call, Places Bag On MEMU Throttle Causing Collision At Mathura Platform; 5 Suspended

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UP: A joint report in the Tuesday Mathura train incident, in which an electric multiple unit (EMU) train broke the buffer dead end and entered platform number 2, has found that the staffer was watching his mobile phone while handling the train and was mildly drunk, sources have said.

The report, according to the sources, while narrating the prima facie reason of the incident, said that according to the Crew Voice & Video Recording System (CVVRS), after the train arrived at the platform, a staffer named Sachin entered the DTC cab (engine) while watching his mobile phone.

It said that while carelessly putting his bag on the throttle of the engine, he again got busy on his mobile.

Drunk Employee Puts Bag On Train’s Throttle

The throttle, due to the pressure of the bag, went into forward position and let the EMU move towards the platform. “It broke the dead end of the platform and half of the coach climbed onto the elevated portion of platform number 2, leading to breakdown of OHE (overhead wire).” The report also said that a breathalyzer test conducted on Sachin showed a reading of 47 mg/100 ml which is considered to be mildly drunk.

“He has been sent for a medical test in which his blood sample will be taken to find out the exact level of alcohol consumption,” a source from the Agra Railway Division, said.

Divisional Railway Manager Tej Prakash Agrawal has suspended five persons including Sachin in connection with the incident. Of the other four, Harbhajan Singh, Brajesh Kumar, and Kuljeet are technical staff and Govid Hari Sharma is a loco pilot.

“We have suspended five persons and further detailed investigation is on,” Agarwal said.

In one of its observations, the joint report said that generally technicians receive the DTC cab (engine) key, however, in this case, the technician sent Sachin to receive the key.

Details On The Incident

Giving the brief history of the incident, the report said that the train arrived at Mathura station at 10.49 pm. After the loco pilot got relieved from his duty and came out of the cab, Sachin entered the cab to take the keys. Within a minute of his entering the cab, it started moving, broke the dead end and half of its portion climbed onto the platform.

Sachin in a written statement said that as per the instruction of his duty in-charge, he asked for the key of the cab from the loco pilot who told him that it was inside the cab.

According to his statement, when he entered the cab and put his bag inside there, the train started moving on its own. He said that he got scared and by the time he applied the emergency brake, it had entered the platform.

He said that he informed his in-charge about it and when he tried to find out the reason why the train started moving, he found that the throttle was in forward position and key was also in position.

Blame Game Over Collision

In his statement, he blamed the loco pilot for keeping the train functions in “switched on” position. However, the loco pilot in his statement said that he had handed over the key to Sachin before the latter entered the cab.

The joint report has mentioned Sachin as ETL staff whereas in his statement, Sachin has mentioned his designation as helper.

The EMU starts from Delhi and covers various local stations before terminating in Mathura. The platform number 2 starts from the train’s terminating point where a buffer dead end has been created.

Business

India ready to share its experience, expertise with world to ensure AI future for all: PM Modi

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Paris, Feb 11: India is developing AI applications for the public good and has one of the world’s largest AI talent pools, Prime Minister Narendra Modi said here on Tuesday, adding that the country is ready to share its experience and expertise to ensure that the “AI future is for Good, and for All”.

Addressing the ‘AI Action Summit’ here, PM Modi said India is also building its own large language model (LLM), considering its diversity.

“We also have a unique public-private partnership model for pooling resources like computing power. It is made available to our start-ups and researchers at an affordable cost,” informed the Prime Minister.

PM Modi further stated while the positive potential of AI is absolutely amazing, there are many biases that we need to think carefully about.

“We must build quality data sets, free from biases. We must democratise technology and create people-centric applications. We must address concerns related to cyber security, disinformation, and deepfakes. And, we must also ensure that technology is rooted in local ecosystems for it to be effective and useful,” PM Modi emphasised.

AI is developing at an unprecedented scale and speed and being adopted and deployed even faster. There is also a deep inter-dependence across borders.

“Therefore, there is a need for collective global efforts to establish governance and standards, that uphold our shared values, address risks, and build trust,” said the Prime Minister.

The country last month announced to launch its safe and secure indigenous AI model within six months at an affordable cost. Aligning with India’s broader vision to become a global artificial intelligence (AI) hub, Finance Minister Nirmala Sitharaman, in her Union Budget speech, announced the creation of three Centres of Excellence (CoEs) in AI for education.

According to PM Modi, governance is not just about managing risks and rivalries.

“Governance is also about ensuring access to all, especially in the Global South. It is where the capacities are most lacking – be it compute power, talent, data, or the financial resources,” he mentioned.

“AI can help transform millions of lives by improving health, education, agriculture and so much more. It can help create a world in which the journey to Sustainable Development Goals becomes easier and faster,” the Prime Minister added.

To do this, the world must develop open-source systems that enhance trust and transparency.

On the debate of job losses due to AI, the Prime Minister said history has shown that work does not disappear due to technology.

“Its nature changes and new types of jobs are created. We need to invest in skilling and re-skilling our people for an AI-driven future,” he noted.

India has successfully built a Digital Public Infrastructure (DPI) for over 1.4 billion people at a very low cost. It is built around an open and accessible network. It has regulations, and a wide range of applications to modernize our economy, reform governance and transform the lives of our people.

“We have unlocked the power of data through our Data Empowerment and Protection Architecture. And, we have made digital commerce democratic and accessible to all. This vision is the foundation of India’s National AI Mission,” said PM Modi.

Today, India leads in AI adoption and techno-legal solutions on data privacy.

“We are at the dawn of the AI age that will shape the course of humanity. Some people worry about machines becoming superior in intelligence to humans. But, no one holds the key to our collective future and shared destiny other than us humans,” the Prime Minister told the gathering.

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Business

RBI desires to go extremely calibrated on future repo rate actions: Experts

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New Delhi, Feb 8: The monetary policy in India is easing since last few months and as rate cuts transmit with a lag, it makes sense to act with a forward-looking estimate if the monetary policy has to work its way on real economy, according to experts.

The October policy saw the stance getting changed to neutral (vs. withdrawal of accommodation). This was followed with 50bps of CRR reduction in December, plethora of liquidity supporting measures in January and now a 25bps of repo rate reduction in February 2025.

“We interpret the neutral stance as the RBI desire to go extremely calibrated on future repo rate actions, given the change in global dynamics, where the markets have significantly dialled down quantum of rate cuts by the US Fed in 2025,” said Mittal.

The fact that stance is neutral, it means that everything that transmit between now and April — Q3 FY25 GDP data, global dynamics, currency, crude, March heat waves — will matter.

“We are expecting 50bps of rate cutting cycle,” Mittal said, adding that liquidity will play much larger role.

In a big relief for banks, RBI Governor Sanjay Malhotra announced that the implementation of the proposed Liquidity Coverage Ratio (LCR), as well as project financing norms, will be deferred by a year and will not be implemented before March 31, 2026.

“A key announcement for banks concerned the postponement of the LCR guidelines implementation, now scheduled for no earlier than April 1, 2026, and to be rolled out in a phased manner,” said Mittal.

Additionally, the RBI indicated that more time would be needed to finalise project financing norms and expected credit loss rules.

According to Ajay Kumar Srivastava, Managing Director and CEO, Indian Overseas Bank, with the inflation rate expected to moderate further in FY26 and GDP growth estimated at 6.7 per cent, “we believe this rate cut will provide a boost to the economy and stimulate investment and consumer demand, fostering overall economic momentum”.

“We also appreciate the RBI’s focus on enhancing digital security in the banking and payments system,” he added.

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Business

Budget math looks realistic, economic growth to pick up pace: Morgan Stanley

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New Delhi, Feb 3: The Union Budget has managed to meet the goals of boosting consumption though tax cuts, increasing capex through transfers to states, and maintaining the path of fiscal consolidation which is expected to lead to a recovery in the economic growth rate with macro stability in a comfortable range, according to a Morgan Stanley report released on Monday.

The report said that both fiscal and monetary policy are pivoting to support growth, which is in line with “our view of a cyclical recovery in growth”.

“The Budget math looks realistic, with nominal GDP assumed at 10.1 per cent for F2026 and gross tax revenue growth of 10.8 per cent. We will remain watchful of income tax collection growth, which the government expects to be 14.4 per cent, given the income tax cuts and execution of capex spending to meet the targets,” the report stated.

The report pointed out that the Budget has balanced needs to support growth and continue with fiscal consolidation. As such, the Budget targets a lower fiscal deficit of 4.4 per cent of GDP for F2026 even as it reduced income taxes to support consumption, especially for middle income tax payers, and expanded capex growth, mainly through a boost in grants to states for capex creation.

“Indeed, as per the Finance Minister, direct tax changes should lead to a 1.0 per cent revenue loss of Rs 1 lakh crore (0.3 per cent of GDP), which should help support consumption,” the Morgan Stanley report said.

On the spending side, the mix remains tilted to capex, with effective capex (direct capex plus grants in aid of creation of capital assets) seen growing at 17.4 per cent in F2026BE vs. 5.3 per cent of F2025RE.

“We expect the Budget to support growth recovery through measures to promote consumption and increase effective capex spending, which will likely lead to a more broad-based recovery, while at the same time continued consolidation should help macro stability remain in check,” the report observed.

The simultaneous boost to consumption and capex has to be sweet for equities, especially in the context of continuing and better-than-anticipated fiscal consolidation (projected primary deficit: 0.8 per cent).

The plethora of announcements around easing of India’s tax regime, including permanent establishment rules, GIFT city clarifications, extension of exemptions to sovereign funds, and changes to tax deduction and collection at source could improve FDI and private investment sentiment, according to the report.

“A new tax code is coming this week, as per the Budget, which could reveal a more liberal tax environment. We are overweight Financials, Consumer Discretionary, Industrials and Technology, and underweight other sectors,” the report added.

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