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Tuesday, February 28, 2017

HOW BROKERS ARE SELLING ALL YOUR PERSONAL INFORMATION FOR LESS THAN A RUPEE TO WHOEVER WANTS IT

By Aritra Sarkhel & Neha Alawadhi, ET Bureau | Updated: Feb 28, 2017, 06.56 AM IST 

BENGALURU/NEW DELHI: If data is the new oil, then there is a gigantic oil spill all around you. Your personal data — be it your residential address, your phone number, email id, details of what you bought online, age, marital status, income and profession — is all up for sale. Most of this personal data is sold for less than a rupee per person — the cost of a chewing gum. 


Over one month, ET approached companies called ‘data brokers’ — who hawk their services on online listings and sell personal information — posing as a prospective buyer. For anywhere between Rs 10,000 and Rs 15,000, we were offered personal data of up to 1 lakh people in Bengaluru, Hyderabad and Delhi. 


The lists up for sale are creative and granular. One data broker said he could get lists of high net worth individuals, salaried people, credit card holders, car owners and retired women in any given vicinity. 

Some brokers sent free samples: excel sheets with personal data of people in Bengaluru, split by address and income profiles. ET called a dozen people from these lists to verify their details. “It’s scary to say the least,” said Hyderabad-based Rajashekar, whose data like name, address and credit card ownership was procured from a Gurgaon-based data broker who sold ET a sample database of nearly 3,000 people with Axis Bank and HDFC Bank credit cards. The price tag: Rs 1,000. 


The database had details like name, address, phone number and the classification of the card (debit, credit or a premium card). The broker also said that a database of 1.7 lakh people from Delhi, NCR and Bengaluru can be made available for Rs 7,000. 


“It should be deemed as a crime. Without my permission, how can someone trade information related to me?” said Bengaluru-based Nagaraj BK, who was appalled that details of his purchase of a gas stove on eBay were procured by ET as part of a free sample. 


Similarly, Bengaluru-based Shruti’s purchase of luggage on Amazon, along with her phone number, was part of a free list of 115 online purchases made from the city. When contacted to check if the purchase listed was accurate, Shruti was offended and scared and even wondered if her Amazon account had been breached. 


In response to ET’s queries, eBay said it takes data security and privacy of buyers and sellers on its platform very seriously. An Amazon spokesperson said the company was not aware of any data leak or any data being sold from their end, adding that any such case brought to their notice will be dealt with strictly to ensure customer data protection. 


HDFC Bank and Axis Bank both said they work on educating customers about the importance of protecting private or personal details, as well as safe banking practices. “We can’t confirm the authenticity of the data shared with you by the data brokers and would urge people to highlight to us if they come across instances like this for us to take it up with the relevant authorities,” an Axis Bank spokesperson said. 


The obvious question to ask is: where are these brokers getting the data from? “Most of the data is sold to us by mobile service providers, agents from hospitals and banks, loan agents, car dealers,” Rajesh, an executive from an NCR-based data broker, told ET. 


To be sure, data broking isn’t illegal but it does work in a grey zone. A 2014 US Federal Trade Commission report identified data brokers as companies that “obtain and share vast amount of consumer information, typically behind the scenes, without consumer knowledge.” 


“Globally, data broking is an approximately $200-billion industry. Marketing products generate over 50% revenue, followed by risk mitigation, which constitutes approximately 45% of the revenue, and, finally, people search constitutes the remainder,” says Kannan Sivasubramanian, VP of research firm Aranca. 


The FTC report cited earlier said “data brokers operate with a fundamental lack of transparency,” and asked US lawmakers to consider enacting legislation to give consumers greater control over the immense amount of personal information about them collected and shared by data brokers. India’s IT Act does not specifically address the issue of data brokerage and privacy. 


“When you sign up for free discounts, fill out questionnaires, or your clickstream in general, you are giving up all the data voluntarily and agreeing to privacy policies that allow you to do so,” said Mishi Choudhary, executive director of non-profit legal services organisation Software Freedom Law Centre. 


The most obvious kind of misuse is of financial data. The Reserve Bank of India registered 8,689 cases of frauds involving credit cards, ATM/debit cards and internet banking up till December 2016. This number was 16,468 in 2015-16. Many of these frauds are perpetrated by scamsters by using freely available personal data to win the confidence of customers to get them to share critical data like CVVs or one-time passwords (OTPs). 


However, data brokerage is still at a very nascent stage in India. The market is dominated by larger international players such as Epsilon, Equifax and Experian that offer more sophisticated data sets. 

John Young, US-based Epsilon’s chief analytics officer, told ET that the data they collect comprise customers’ previous transactions from PoS (point-of-sale) systems, thirdparty data such as demographic and lifestyle information. 

“Increasingly, data from social media sites – much of it unstructured data, such as tweets – is collected for analytics that can help deepen the understanding of consumers,” Young told ET in an email response. 

Data collected by agencies such US-based Equifax Credit Information Company, who carry out consumer credit reporting, is an example of data contributed by banks and other financial institutions. 

“All the data in credit bureau is contributed to directly from our member financial institutions in a standard format. We do not collect any additional information from users directly,” Manu Sehgal, business development leader, emerging markets, told ET 



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Saturday, February 25, 2017

HOW AMERICAN CIA -SABOTAGED (THROUGH TRAITOR IPS OFFICER RB SREEKUMAR ALONG WITH CERTAIN CORRUPT OFFICERS AT INTELLIGENCE BUREAU OF INDIA) MY COUNTRY'S ISRO's EFFORTS TO DEVELOPE INDIA'S OWN CRYOGENIC ENGINE AND DELAYED SPACE SUCCESS OF INDIA-(AN OLD ARTICLE WHICH WORLD MUST READ)

Author(s) : Madhu Purnima Kishwar

While the country celebrated the launch of ISRO's Geosynchronous Satellite on 6 January 2014 putting behind several past failures, we should also remember the sacrifince of ISRO scientist Nambi Narayanan who originally started this project.  This satellite would have been launched 13 years ago had his work not been sabotaged by certain rogue officers in the Intelligence Bureau who worked allegedly at the behest of CIA to sabotage Nambi Narayanan's work. The least ISRO owes Nambi is to name the satellite after him. This three part article describes the leading role played by Gujarat IPS officer RB Sreekumar in hounding ISRO scientist in 1994 through a cooked up spy scandal to destroy ISRO.
-------------------

Like the rogue IPS officer Sanjeev Bhatt, Retd IPS officer R B Shreekumar, who has been projected by Teesta Setalvad’s NGO as one of the prime witnesses alleging Narendra Modi’s direct complicity in the 2002 riots, has a very dangerous and blemished career record. 

R. B. Shreekumar belongs to the 1971 IPS batch Gujarat cadre. He wasdeputed to the Intelligence Bureau on 21 August 1987 and returned to his parent cadre in the state of Gujarat on 9 August 2000 after earning severe indictments from the CBI for falsely implicating two top scientists of the Indian Space Research Organization (ISRO) and four other innocents in a fabricated spy scandal to sabotage the work of this premier space research institution. This was allegedly done at the CIA’s behest.

A chance meeting at an airport with a senior police officer of the Gujarat Government sometime in the month of May-June 2013 led me to examine the history of IPS officer Shreekumar. This officer had read my article on IPS officer Sanjeev Bhatt which provided a glimpse into his roguish track record. (Read article: Heroes of the Secular Brigade: A Glimpse into the Doings and Misdoings of Sanjiv Bhatt)  This officer told me that Teesta 
Setalvad and the Congress Party had handpicked only those officers to level cooked up charges against Modi whose own track record was corrupt, compromised and roguish. Hence, they were willing to play the Congress game- especially since it also brought handsome rewards.

In that brief meeting, he asked me to also examine the track record of IPS officer Shreekumar, especially his involvement in the ISRO spy case which nearly destroyed the premier space research institution built by Dr Vikram Sarabhai. This part of Shreekumar’s history had been so successfully erased that no one ever raised it.
Like most others, I too had forgotten the ISRO spy scandal. But on reaching Delhi, I did a Google search and found that there was enough reason for me to follow the lead. What better way to do so than to talk to the prime victim of Shreekumar—the ISRO scientist Nambi Narayanan whose life was marred beyond repair by the malafide actions of Shreekumar?
After fixing the time on the phone, I flew to Trivandrum on 26th of August 2013 and met Mr.Nambi Narayanan at his house. The story he narrated was more spine chilling than any crime thriller—not just in terms of the injustice and horrors inflicted on Nambi Narayanan but also in terms of how a premier space research institution of the Indian Government was targeted for destruction at the behest of the CIA by a team of its own police and Intelligence Bureau officials, of which Shreekumar was a lead player.
                          Nambi Narayanan
(The unedited video recording of the interview with Nambi Narayanan is available at http://www.youtube.com/watch?v=2GNnxc6PNw4.An edited text of Nambi’s account along with other evidence will appear in part II and III)
Brian Harvey, a space scientist, in his well-researched book “Russia in Space: The Failed Frontiers”, and Rajshekhar Nair, in his book “Spies in Space”, have both brought together a wealth of evidence to indicate that the CIA was behind the targeting of ISRO and destroying the lives of some of its best scientists. Their research points out that Sreekumar and other officials of IB were allegedly set up by the CIA to eliminate India from the lucrative satellite launch business and to retain the monopoly of US firms in this field.
To quote from Brian Harvey’s book -
Development of the Indian upper stage had been underway with Russian help for four years when the arrangements were denounced by American President George Bush as a violation of the Missile Technology Control Regime….
In May 1992, the Bush administration announced that it was applying American sanctions on both the ISRO and Glavcosmos…..
In July, 1993, after negotiations in Washington DC, Russia backed off its proposals to transfer technology to India and suspended its agreement, invoking force majeure (circumstances beyond their control), to the fury of the Indian government…..
The KVD-1 had now become caught up in a much bigger game- the negotiations between America and Russia for the construction of the International Space Station. Russia suggested compensation for loss of the Indian contract and the $400m paid by the United States for seven American flights to Mir may have become part of the equation…...
The plot thickened when, in October 1994, two senior scientists at the Indian Liquid Propulsion Systems Centre, S. Nambi Narayanan and P. Sasikumaran, were arrested for ‘spying for foreign countries’. Eventually, the Central Bureau of Investigation admitted that the charges against S. Nambi Narayanan and P. Sasikumaran were false and baseless and they were freed. Later, the United States was accused of setting them up as part of a dirty tricks campaign against the sale of the KVD-1….(From“Russia in Space: The Failed Frontier”, Springer in collaboration with Praxis Publishing, UK, p. 259]…
In 1994, Shreekumar was posted as the Deputy Director of the State Intelligence Bureau (SIB) in Trivandrum. He was found by the CBI to have acted as the mastermind in the ISRO spy scandal. CBI had recommended that appropriate action be taken against Shreekumar and other officials of the Intelligence Bureau (IB) and Kerala Police who acted with malafide intent to destroy the ISRO. The key target of IB officials was the eminent space scientist Nambi Narayanan—the main anchor of cryogenic technology. His life has been permanently marred. Apart from having successfully fought a heroic battle to clear own name, Nambi Narayanan has been pleading with successive governments to investigate the role of the CIA and to expose those who acted at its behest. But thus far these appeals have fallen on deaf ears for reasons which are not hard to guess. 
Shreekumar has gotten away with his crime despite serious indictment by the CBI. The only “punishment” he got was to be sent back to his parent cadre in Gujarat. On 16 August, 2000, he was posted as Adl. DGP, ArmedUnit at Ahmedabad. He continued to hold the same post till 8 April, 2002. However, after almost two months of post-Godhra riots, Shreekumar was posted in the State Intelligence Bureau (SIB) and held this post from 9 April 2002 to 17 September, 2002.
Shreekumar escaped punishment because he worked out a deal to act as a hatchet man for the Congress-led UPA government. Like Sanjeev Bhatt, he too belatedly launched a tirade against Narendra Modi in unison with Teesta Setalvad to whose NGO the Congress Party had outsourced the job of attacking Modi. (Details of the Quid Pro Quo deal follow towards the end of this piece)
It is noteworthy that before this deal was struck, Shreekumar had submitted a letter to the Nanavaty Commission, raising questions over Bhatt's integrity for speaking up against Narendra Modi. Shreekumar had said that in 2002 he had asked Sanjeev Bhatt, who was DCP (Intelligence) during the riots, to file an affidavit before the judicial panel probing the riots but Bhatt had not done so. Former DIG Mr Syed told me that earlier, when Shreekumar was Sanjeev Bhatt’s boss, he had filed a 30 page long ‘Adverse Confidential Report’ against Bhatt. But at the behest of Congress party, he joined forces with Sanjeev Bhatt to level baseless charges against Modi.
After working out a deal with the UPA Government, Shreekumar suddenly claimed that K. Chakravarthi, the then DCP, informed  him about a meeting on 27 February, 2002 convened by  Narendra Modi after his return from Godhra in which Modi  allegedly said that- “Komi hulla do ma tame police barabari korocho. Tame be Hindu ne pakdo to tame be Musalmano ne pan pakdo. Have emnahichaleHinduonogussouttarwa do.” (In communal riots the police takes action against Hindus and Muslims on one-to-one basis. This will not do now- allow Hindus to give vent to their anger). Shreekumar admits that he was personally not present in that meeting. Yet, Teesta and Co. used this as major evidence against Modi. 
During SIT interrogation, Chakravarthi denied that he had any such conversation with R. B. Shreekumar. After enquiring with other relevant persons, the SIT concluded that since Shreekumar did not attend the meeting personally and made the allegation based on hearsay—which too was not supported by Chakravarthi, the person who is supposed to have reported the conversation in the CM’s meeting--the version of Sreekumar could not be treated as admissible evidence. The SIT found his charge untenable not just because it was one man’s word against another but also because Shreekumar did not have any concrete and reliable evidence to back his allegations. The SIT report also notes that, like Sanjeev Bhatt, Shreekumar had kept quiet for a long time and started making allegations only when he was superceded for promotion, leading the SIT to conclude that in attacking Modi, he had " a personal axe to grind".
To quote the SIT report: “R.B. Sreekumar did not reveal these facts before the Nanavati-Shah Commission of Inquiry, when he appeared on 31 July 2004, for his cross examination, neither did he reveal these facts even in his second affidavit filed on 6 October 2004. It was only on 9 April 2005, that R. B. Sreekumar filed his third affidavit before Nanavati-Shah Commission of Inquiry suo-moto, when he enclosed the transcript of the recordings of the conversations with Dinesh Kapadia as wellas G. C. Murmu and Arvind Pandya.”(page 127)

His secret recordings of conversations with senior government officers show that Shreekumar was already preparing the ground for his turn around and struck only when the Congress Party delivered on its part of the deal by withdrawing CBI’s chargesheet against him in the ISRO spy case. 

The SIT found enough prima facie evidence to conclude that Shreekumar's allegations against Modi were "unsustainable" and were also "tainted by self interest". He proved the SIT right about being a politically motivated witness when, within days of his retirement from the IPS, he formally joined Teesta Setalvad headed NGO. The very shreekumar who had written adverse Confidential Reports against IPS officer Sanjeev Bhatt became a comrade-in-arms of Bhatt and launched a tirade against Modi. Like with the ISRO case, he helped Teesta fabricate evidence against Modi to personally target Modi. 
Alleged Links with Terrorist Groups
Rais Khan Pathan, a former employee of activist Teesta Setalvad’s NGO Citizen for Justice & Peace (CJP) has recently demanded an investigation into the role of Shreekumar & Setalvadfor their alleged links with Muslim radical groups. Pathan has written a letter to Ahmedabad Police Commissioner in this regard, citing among other things his telephonic conversation with Shreekumar, which he taperecorded.
According to Khan’s letter dated October 3, 2013, Rais Khan got a call from Shreekumar from cell phone no. 9824061182 on November 4, 2010, which lasted for 17 minutes. In that recorded conversation, Shreekumar is heard saying, “It is my request- you do whatever you want to, but it should not benefit VHP people. It will spoil what we have done till date. Can I do something to help you compromise with Teesta Setalvad? By your association with VHP, the terrorist groups will target you. If you will work against Muslims, the Muslims will also turn against you. We have to work together. If we fight with each other, the enemy will be benefited. The benefit will go to Modi.”
Rais Khan said in an interview with me as well as complained to the police and courts that Teesta and Co. started branding him as a VHP supporter when he began challenging their corruption and wrong doings in the organization, including manufacturing false witnesses against Modi. Shreekumar, being an expert in propping up false witnesses, played a lead role in helping Teesta get false testimonies against Modi.
Shreekumar’s compromised position and his eagerness to serve the interests of the Congress Party in order to keep himself out of indictment in the CIA-masterminded ISRO SPY case along with his working for Teesta Setalvad’s NGO post retirement demolishes the credibility of his allegations regarding Narendra Modi’salleged direct complicity in the 2002 riots. 

Evidence of Quid Pro Quo between the Congress and Shreekumar

Here is telling evidence that R B Shreekumar was protected by the UPA government in return for turning against Modi:
  • On 17 November, 1999, disciplinary proceeding against R. B. Shri Kumar were started under Rule 8 of AIS (Conduct) Rules, 1968 on grounds of misconduct against him in the infamous ISRO spy case when a charge sheet was issued to him with 9 Articles of Charge.
  • No action was taken in that case for 5 years. In the Government of India such delays are considered routine.
  • On 29 January, 2004, as a mastermind of the ISRO Spy case, R B Shreekumar was served a charge sheet by the Ministry of Home Affairs, Government of India on 9 counts. The charges included the following :-
(1) Illegally taking into custody the accused persons from the custody of Kerala Police without completing the legal formalities and conducting an independent investigation totally disassociating the Kerala Police which had originally arrested the accused. [The law does not allow the IB to interrogate suspected persons. Therefore, as per law, the interrogations conducted by the IB were illegal]

(2) Torturing/ill-treating the accused persons during the investigation.

(3) Not preparing written statement of interrogation in respect of the two prime accused interrogated by the team, one of whom wasNambi Narayanan. [The CBI report had noted that Narayanan’s statements were not recorded because he had refused to yield despite torture and did not give a false testimony as the three other accused did under third degree treatment].

(4) The interrogation statements prepared by Shreekumar’s team were left unsigned and undated, indicating devious intent.

(5)The interrogation was video recorded but none from the investigating team could establish the identity of the person who videographed the interrogation.

(6) Shreekumar failed to conduct a verification about the veracity of the statements of the accused persons as recorded by the team of IB officers. He was unable to assign any reasons for this lapse. “This resulted in irreparable loss and humiliation to respectable scientists of ISRO and others which reflects lack of proper supervision, integrity to duty.
.. ”
(7) In his interrogation report Shreekumar talked about a meeting between Raman Srivastava, the then Inspector General (IG) (an IPS officer of Kerala cadre) with some accused persons, but he neither shared this information with the State Police nor provided the basis of allegations against the officer, which led to the suspension, defamation and humiliation of a senior level police officer.

(8)Shreekumar had built a case that one of the main accused was responsible for smuggling out the secret papers, documents, maps etc., from one of the installations of ISRO.  Despite this fact, the State Police was informed by the IB team that nothing was likely to be recovered from the house of the accused. Therefore, there was no need to search it. However, later, the State Police was blamed for not having searched the residence of that accused.

(9)Shri Mathew John, Joint Director, IB (a senior of Shreekumar) sent a message stating that disclosures made by the accused persons were a mixture of truth, half-truth and untruth.  Thus, Shreekumar was fully aware of the fact that the investigation report prepared by their team was full of contradictions and that the statements of the accused did not match each other. He made no attempt to verify the “disclosures” made by the accused persons. [This too indicated malafide intent and a pre-planned resolve to file a case without a shred of evidence]  

But despite these charges involving endangering of national security allegedly at the behest of the CIA, Shreekumar remained unscathed because on 22 May, 2004, UPA came to power, after which things took a dramatic turn. This is the sequence leading to illegal closure of the enquiry against Shreekumar: 
  • On 13th December, 2004, i.e., after a lapse of more than 5 years, an Enquiry Officer was appointed to hold an oral enquiry with Shri K. M. Singh, the then Director General of CISF, was appointed to investigate charges against R. B. Shreekumar.
  • On 13 December2004 itself, that is, within six months of UPA in power, the written statement of defence was considered by the Home Minister and was partially accepted, dropping 7 out of 9 charges and deciding to hold an enquiry on just the 1st and 2nd charges as those charges could not have been dropped without holding an enquiry.
  • On 9 April 2005, Shreekumar filed his third affidavit before Nanavati-Shah Commission of Inquiry suo-moto, when he started levelling charges against Modi. In his earlier two affidavits before the Nanavaty Commission, Shreekumar had made no such allegations. In fact, he had indicted Sanjeev Bhatt for his devious role.
  • It is noteworthy that the charge sheet has listed 12 witnesses from all over the country,including retired senior officers like Shri D.C. Pathak, the former Director of Intelligence Bureau. In addition to that, it relied on 24 documents including the statements of the accused in the ISRO spy case and, more notably, that of Shri Nambi Narayanan, the main accused.
  • In normal course, the Presenting Officer would not have received these documents in less than a year. He/she would not have completed the examination of witnesses and the exhibition of documents in less than two to three years.
  • Normally, the Government would not have been able to provide the relied upon documents to the Charged Officer in less than a year.
  • The disciplinary proceeding were, however, closed on 24January, 2005, which means that between 13December, 2004 and 24 January, 2005 (which comes to 43 days including both the first and last days for initiation of oral enquiry), presentingthe case of the prosecution; exhibiting the relied upon documents; providing the copies of the relied upon documents to the charged officer; examining the witnesses; allowing the cross-examination of the witnesses by the charged officer; considering the defence of the charged officer; examining the witnesses of the charged officer; receiving the statement of defence by the charged officer; considering the entire material in a judicial manner; preparing the enquiry report; submitting the enquiry report to the competent authority; examining the enquiry report beginning at the level of SO and passing through Under Secretary, Deputy Secretary/ Director, Joint Secretary, Additional Secretary, Secretary, MOS (H), and then finally the Home Minister; considering the entire material by the Home Minister and his decision thereon; returning the file right up to SO through the same channel; drafting the order and submission of the same by the same channel again up to Home Minister; and returning the file through the same route for issue of the order, closing the disciplinary proceeding.
  • The entire process involved in disciplinary proceedings by the Government of India is normally not completed in less than 5 years. The swiftness of this enquiry has no parallel in the history of the police administration.
  • The very fact that the entire matter was completed in 43 days clearly shows some “hidden hand” was managing the entire case.
  • The 2nd Article in the chargesheet was in respect to torture and ill treatment of at least three accused persons by the Charged Officer in the course of the investigation which could not be decided without the examination of the concerned persons. There is nothing on record to show that those three persons were examined by the Presenting Officer in support of charges.
  • There is nothing on record to show that the Presenting Officer examined all the witnesses relied upon to prove the charge and exhibited all the documents relied upon in support of the charge.If the witnesses and relied upon documents were not relied upon by the Presenting Officer, it is obvious that he was given instructions not to do the same by the competent authority which clearly makes a case of a strong collusion between the Charged Officer and the Government.
  • The break neck speed with which the enquiry was completed and the manner in which it was conducted clearly shows a deep rooted conspiracy and collusion between the Charged Officer and the Ministry of Home Affairs and it is clear that for some undisclosed consideration, the MHA/Govt. of India were in a tearing hurry in December, 2004, to close the disciplinary proceedings against Shreekumar.
  • Finally, the closure of disciplinary proceedings initiated against Sreekumar is also illegal as the approval of the Prime Minister and the President was not obtained in terms of the Rule 8 of the Govt. of India (Transaction of Business) Rules, 1971 r.w. Item 39 (i), Schedule I of the said Rules.   
Such serious charges involving national security being dropped without any enquiry was unprecedented. Such a bizarre conduct of enquiry completed in a manner completely contrary to normal and routine practice lends credence to the allegation that a quid pro quo deal was brokered between MHA and Shreekumar. In this connection, reliable sources point to the name of former National Security Advisor, MK Narayanan who is alleged to have played a key role in working out the details.

Posted on November 16, 2013 

Friday, February 24, 2017

Indian shot dead in Kansas bar, shooter shouted 'get out of my country'-American spewing racial slurs in Kansas

February 24, 2017 08:14 IST
Adam Purinton, the alleged shooter who is a navy veteran, told a bartender in Clinton, Missouri, that he had killed two Middle Eastern persons.
An Indian engineer was killed and two others injured when an American man opened fire on them after allegedly yelling "get out of my country", with the local police calling it as a "possible hate crime".
Srinivas Kuchibhotla, 32, working at the Garmin headquarters in Olathe, was killed in the shooting on Wednesday night, while another Indian and his colleague Alok Madasani was critically injured and is battling for life at a local hospital.
One other identified as Ian Grillot was also injured in the shooting.
The accused, Adam Purinton, 51, was arrested on Thursday morning, five hours after the incident.
"It was a tragic and senseless act of violence," Olathe Police Chief Steven Menke told media persons.
According to local media reports, he yelled "get out of my country" at the Indians.
Purinton, a navy veteran, later reportedly told a bartender in Clinton, Missouri, where he was hiding that he killed two Middle Eastern persons, the Kansas City Star said.
The Indian Embassy has swung into action and two senior officials of the Indian Consulate in Houston have been sent to Kansas to assist the victims' families.
"Consul Ravindra Joshi and Vice Consul Harpal Singh rushed to Kansas to assist shooting victim. They are on their way and will reach by evening," the consulate said in a tweet.
The accused has been charged with premeditated first-degree murder and his bond has been set at $2 million.
According to Garmin, Kuchibhotla and Madasani worked in the company's aviation systems.

"We're saddened that two Garmin associates were involved in last night's (Wednesday night) incident, and we express our condolences to the family and friends of our co-workers involved. Garmin will have grievance counsellors on-site and available for its associates today and tomorrow," Garmin said in a statement.






10 STEPS THAT COULD SECURE A GOOD SALARY HIKE FOR YOU

ECONOMICTIMES.COM|
Updated: Feb 23, 2017, 04.26 PM IST

As FY16-17 is about to come to an end, 'appraisal' is the buzzword in corporate houses. While different companies or different departments may have their own criteria to evaluate the individual performance of its employees, there are certain fundamentals that remain unchanged. Here's a list of 10 things you can do to not only become a productive and a valuable employee but also secure a good appraisal this season. 

1.Document all your achievements: If you have proof of all your work, it will help you and the boss avoid recency bias. Recency bias makes one focus only on events in the recent past. Besides, if you keep a record, the boss has no way to refute your hard work. 

2. Self-evaluation: Self-evaluation will help you understand where you stand in the organisation and how much increment you can expect. This way you will have no one to blame but yourself for the size of your salary hike. 

3. Equation with boss: If you are at odds with your boss, all your diligence and hard work may go down the drain if he is the decision-maker for your increment. 

4. Be a team player: Getting along with colleagues and helping or guiding them is often seen as a key trait which can be the crucial difference between a good and an average increment.  

5. Set your future goals: Set your goals for the next year and discuss them with your boss. This is a clear indication of your loyalty and commitment to the company and is bound to attract a good appraisal and higher increment. 

6. Go beyond your KRA's: Flexibility at work is the key to drawing attention to your work. If you are seen as a multi-tasker and dependable, rest assured you will be valued and are bound to get a good hike. Don't just stick to your KRAs. 

7. Get your work assessed by your boss regularly: Knowing if you are on track and where you are lagging will help you grow professionally. This exercise will not only keep your boss aware of the quality of work you are putting in, but also keep you at the top
of his mind at increment time. 

8. Reinvent your skills: If you constantly upgrade and keep up with latest developments, you will have an edge over others and the company will be keen to retain you. 

9. Be a problem solver: Thinking out of the box and coming up with a solution will make you a worthy employee. Problem solvers are likely to be in the boss' good books and therefore get  favourable treatment especially when it comes to salary hikes. 

10. Be a committed employee: Stay committed to your work and be punctual about your in-time. Always reach a couple of minutes before reporting time at your workstation. Punctuality not only shows that you are disciplined but also reflects your sincerity and
commitment. 

Read more at:http://economictimes.indiatimes.com/articleshow/57306182.cmsutm_source=contentofinterest&utm_medium=text&utm_campaign=
cppst




Tuesday, February 21, 2017

REASON OF SUCCESS STORY OF ISRO-----(NOT HEADED BY IAS -BUREAUCRATS)

The 39th flight of the Indian Space Research Organisation’s (Isro) Polar Satellite Launch Vehicle last week was justifiably lauded. The playing up of the record-breaking nature of the flight—104 satellites is by some distance the most a single launch has ever managed—echoes the bouts of self-congratulation that follow every major Isro success, and there have been a fair few of those. Well and good; bragging rights and the resultant positive public perception are valuable assets for any space programme. But there is another issue worth examining: why Isro has managed to deliver on a level that few other comparable government agencies have.
Perhaps the most apt point of comparison is the Defence Research and Development Organisation (DRDO). They share a number of similarities. Both work in areas where technological and research capital is paramount. Both deal with targets that require advanced application of that capital. Both, importantly, work on projects that can take decades to come to fruition, with all the uncertainty that it engenders—and indeed, given the nature of the beast, may turn out to ultimately be unsuccessful. The DRDO’s reputation has perhaps obscured some of its achievements, but the gulf in outcomes between it and Isro—similarities notwithstanding—is nevertheless clear. There are a few reasons for this.
The first is organizational structure. In 1962, the department of atomic energy—which had been entrusted with space research—set up the Indian National Committee for Space Research (Incospar) with scientist Vikram Sarabhai as chairman. In 1969, the committee was replaced by the newly founded Isro, again under Sarabhai, which took on the responsibility of developing space technology and overseeing its application. The final step in the evolution of India’s space programme was the constitution of the department of space (DOS) and the Space Commission. Isro was brought under DOS in 1972, with the commission formulating policy and seeing to its implementation. The entire structure functioned directly under the prime minister.
The absence of the otherwise mandatory layers of bureaucracy present in any government body is the obvious takeaway. The fact that specialists in the field and technocrats—starting with Sarabhai himself—rather than mandarins have populated the upper echelons of the hierarchy compounds this. For instance, Isro’s current chairman, A.S. Kiran Kumar, is also chairman of the Space Commission and secretary of DOS. This set-up has promoted vertical integration between policymakers—who are in a position to understand the nature of the long-term projects Isro undertakes—and those delivering the end results.
Contrast this with the DRDO, which functions under the ministry of defence and is entrenched in the bureaucratic culture. The fetishization of civilian supremacy over the military has resulted in the heads of the Armed Forces not having a place at the table when it comes to policy decisions—and the political and bureaucratic set-ups have failed to articulate a long-term vision to understand the needs of the Armed Forces. This means that the DRDO functions at a remove from the end users of its technology, and with inadequate leadership at the ministry level.
The second reason is international cooperation. Although there have been some impediments—Isro, along with a number of other government agencies, was removed from the US’ entity list only in 2011, and a decade-old US policy that hampers the use of Indian launch vehicles by American companies is still in effect—Isro has been able to work with the international scientific community since inception. This has been a throughline from the first component of the space programme, the Thumba Equatorial Rocket Launching Station, established by Incospar, to the agreement between Isro and the US’ National Aeronautics and Space Administration to work on future joint missions to Mars.
The DRDO, on the other hand, has faced far greater barriers here. This has partly to do with geopolitics and international restrictions on sharing defence-related technology. Partly, it is the Indian political leadership’s stress on entirely indigenous development in past years. This has been counterproductive. As the then director general of DRDO, V.K. Saraswat, said in 2011, “if anyone wants complete homegrown products in critical areas, it is because of the lack of (understanding) of the dynamics of the market and a lack of understanding of what is global competitiveness.”
A third difference is accountability in the form of outcome budgets. This is too recent to judge its impact on both agencies; outcome budgets were mandated in 2005-06. And given the nature and risks of technological projects with long gestation periods, strict financial accountability is not feasible. But some level of periodic oversight is necessary—and while DOS submits an outcome budget that contains a detailed breakdown of Isro projects, the ministry of defence, and thus DRDO, are exempt. More likely than not, this will eventually result in further divergence in the outcomes of both agencies.
Given the nature of Isro’s work and its unique organizational structure, it’s not possible to employ all the lessons learnt elsewhere. And there are unquantifiables such as institutional culture in the mix as well. But there is no harm and potentially much good in examining its success and the methods that can be successfully translated, such as streamlining decision-making mechanisms and lateral entry at the policymaking level for area experts. The political and bureaucratic will to actually employ those methods elsewhere is, of course, another matter entirely.
Source;- The Economic Times

Saturday, February 18, 2017

34 CAs ALLEGEDLY FOUND LAUNDERING MONEY FOR COMPANIES THROUGH SHELL COMPANIES DURING DEMONETISATION PERIOD


Moneycontrol  The government has shared with the Institute of Chartered Accountants of India (ICAI), names of 34 chartered accountants (CAs) who were allegedly found laundering money for companies through shell companies during the demonetisation period, ICAI President Nilesh S Vikamsey told The Financial Express on Tuesday. 

The ICAI would issue show cause notices to these professional depending on the graveness of their participation. It has already began the process of verification of the names provided to them. S Vikamsey said the professionals will be produced before the disciplinary committee if guilt is established in the investigation prima facie. "The ICAI does not have the power to temporarily suspend chartered accountants found involved in wrongdoing. We have made a representation to the government to equip us with such powers by amending the CA Act," Vikamsey said. 

The government said they had found evidence against 559 beneficiaries who appointed these 34 professionals who laundered close to Rs 4,000 crore for the former. It confirmed the information has been shared with the appropriate agencies, including ICAI. Tags  money laundering chartered accountant ICAI Institute of Chartered Accountants of India Nilesh S Vikamsey demonetisation cash ban fraud   YOU MIGHT ALSO LIKE


Thursday, February 16, 2017

Why black-ka-white through stocks won't stop in India

February 16, 2017 11:46 IST
Debashis Basu lists various reasons why laundering through the stock market
thrives.

Under the 2017-18 Budget provisions, equity shares bought on, or after October 1, 2004, would attract capital gains tax, if securities transaction tax (STT) had not been paid at the time of purchasing the shares. Bonus shares, shares from public offers or stock options, on which we pay no STT, would not attract this provision.

So, whom does this provision target?

Those who buy into illiquid and closely-held listed stocks (khoka companies) through a
preferential allotment (on which no STT is paid), hold them for over a year and book tax-free
income as long-term capital gains (LTCG).

How big is the menace?

Speaking at a post-Budget seminar, Central Board of Direct Taxes Chairman Sushil Chandra said, 'I can tell you that last year.... We detected bogus long-term capital gain of Rs 80,000 crore.' He explained the modus operandi as 'creation of a 'khoka' company, putting some worthless investment, showing great appreciation in that, listing the company on stock exchange and then quickly getting out of it by encashing the high valuation.'

This is incorrect. Contrary to what the CBDT chairman says, it is not easy to list a khoka
company anymore. The beneficiaries (black money holders who wish to procure entry of LTCG to convert cash into tax-free gains) and market operators, work only with already listed dormant companies whose share price is low and listing is only in name.There are no public shareholders. The existing shareholders move out and the beneficiaries buy the shares, often through preferential allotment.Since it is a preferential allotment, they don’t pay STT. This is where the new Budget measure plans to catch them. After this, the operator starts ramping up the share prices to astronomical levels through 'circuitous and prearranged transactions', as described in an investigation report by the directorate of investigation of the income tax department, Kolkata. 'It is here that the surveillance mechanism of the stock exchange has either failed or the persons responsible for surveillance have consciously allowed the manipulations to happen,' says the report.

Note that this black-ka-white game is as much a surveillance failure of the Securities and
Exchange Board of India, as tax evasion. After a year, the operator tells the beneficiaries to arrange the cash to be laundered and hand it over to his contact persons. Various small players ('entry-operators', who create false book entries) convert this cash into cheque transactions and transfer it all to an account of the dummy buyer of ramped up shares.Note that this conversion of cash into cheque, though false book entries, is central to the operation and it signals a complete breakdown of the official surveillance system that should easily flag this.

At the final stage, the operator tells the beneficiary and instructs his stock broker (who is fully in this game) to sell a specific quantity of shares at a specific price and time, in a very carefully timed transaction where two sets of people have to enter data and hit the keyboard
simultaneously (usually to a count of three) to ensure their entries match. The operator charges a commission in cash to conduct this laundering operation.To summarise, here are various reasons why laundering through the stock market is thriving. One, there are many listed khoka companies. This is a legacy issue that hasn't been addressed well by Sebi and stock exchanges. The government needs to push both. Second, price-rigging is rampant. If Rs 80,000 crore of capital gains can be generated through the stock market, it reflects a complete breakdown in Sebi's market surveillance system.

Indeed, according to a recent Delhi high vourt judgment, the tax department cannot label
money laundering through the stock market as a sham transaction merely on suspicion. This is why Sebi's role in establishing price manipulation is key to stop the LTCG scam.Three, the most crucial part of the laundering scheme is depositing the black cash received from the beneficiary into bank accounts, which is then paid out to the beneficiary, to buy the rigged up shares from him. It is extraordinary that such dubious operations are rampant in various cities, mainly Kolkata, the capital of such 'routing' transactions.

How do thousands of shell companies and bank accounts get past, strict KYC, Prevention of
Money Laundering Act, and I-T scrutiny?

None of these three systematic weaknesses are addressed by the change in the Budget provision. Besides, what the Budget has tried to plug, can be easily bypassed.The beneficiary can simply buy low-priced shares of the khoka companies through the stock 
market trading system, pay STT and escape the provision. They can avoid making preferential allotments.Meanwhile, many legitimate preferential allotments, may get affected. But that is a different
story.

The problem of tax evasion and laundering through the market would not be fixed, unless
pressure is brought on Sebi.


Debashis Basu is the editor of www.moneylife.in