Day Traders\, Nasdaq Whales Show Market-Moving Clout With Options

Day Traders, Nasdaq Whales Show Market-Moving Clout With Options

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(Bloomberg) -- Beyond all the wrangling over who caused the recent boom in options is a more fundamental debate: How much do they matter to stock prices, anyway?

Day Traders\, Nasdaq Whales Show Market-Moving Clout With Options

Fake News Caused Migrant Exodus: Government's Second Shocker In Parliament

Fake News Caused Migrant Exodus: Government's 2nd Shocker In Parliament

The Home Ministry was responding to a written question by Trinamool Congress MP Mala Roy on steps taken to protect migrant labourers before the lockdown was announced on March 25.

Fake News Caused Migrant Exodus: Government's 2nd Shocker In Parliament

On migrant deaths, Nityanand Rai replied that those details were "not centrally maintained" (File)

New Delhi:

The mass movement of migrants after the country went into lockdown in March to fight the coronavirus was because of "fake news", the government said in parliament today, delivering a new shocker a day after saying there was no data on migrant deaths, therefore "no question of" compensation.

The Home Ministry was responding to a written question by Trinamool Congress MP Mala Roy on steps taken to protect migrant labourers before the lockdown was announced on March 25, the reasons why thousands of labourers ended up walking home and the number of migrants labourers who died on their journey home.

"The migration of large number of migrant workers was triggered by panic created by fake news regarding duration of lockdown, and people, especially migrant labourers, were worried about adequate supply of basic necessities like food, drinking water, health services and shelter," replied Minister of State for Home Nityanand Rai.

"However, the central government was fully conscious of this, and took all necessary measures to ensure that during the period of the inevitable lockdown, no citizen should be deprived of basic amenities of food, drinking water, medical facilities etc," the minister told Lok Sabha.

According to him, the centre "allowed the state governments to use the State Disaster Response Fund (SDRF) on 28th March itself" for providing temporary accommodation, food, clothing, medical care, etc., to homeless people as well as migrant workers. To augment the funds with the states, the Centre released an advance Rs.11, 092 crores from the state disaster funds to states on April 3, Mr Rai said.

On migrant deaths, he replied that those details were "not centrally maintained".

Yesterday, on Day One of the first session held in the virus crisis, the government told Parliament it does not have data on migrants who died or were injured. He was asked whether the families of those who lost their lives were compensated.

"No such data is maintained. Question does not arise in view of the above," Union Labour Minister Santosh Gangwar told Lok Sabha.

Images of tens of thousands of workers leaving various states after losing their jobs and homes in the nationwide shutdown were compared by many to the tragic scenes of mass exodus after the Partition of 1947.

With no money or food to feed their families, migrant workers started on foot for their hometowns hundreds of kilometres away. Many died on the brutal journey home. The opposition accused the government of imposing a lockdown without a plan for the poorest and those who lost their daily earnings.

Day Traders\, Nasdaq Whales Show Market-Moving Clout With Options

No "Actionable Inputs" To Show Drug, Film Industry Nexus: Government

No "Actionable Inputs" To Show Drug, Film Industry Nexus: Government

The issue found resonance in parliament, with veteran actor Jaya Bachchan strongly refuting actor Ravi Kishan's allegations on Bollywood drug nexus.

No 'Actionable Inputs' To Show Drug, Film Industry Nexus: Government

Jaya Bachchan said in parliament that whole industry cannot be tarred because of few people

Mumbai:

No "actionable inputs" have been received on any nexus between people in the film industry and drug traffickers, the government told the Lok Sabha today in the backdrop of allegations on the matter following the death of actor Sushant Singh Rajput. With the Narcotics Control Bureau's arrest of Sushant Rajput's friend Rhea Chakraborty during investigations into the drug angle in the case, and accused of being "an active member of a drugs syndicate", the Hindi film industry has been facing sharp criticism.  

The issue found resonance in parliament, with veteran actor Jaya Bachchan strongly refuting actor Ravi Kishan's allegations on Bollywood drug nexus.  

In response to a written question in the Lok Sabha on whether the government has conducted a detailed inquiry into the matter, Union Minister of State for Home G Kishan Reddy today said the Narcotics Control Bureau has found no such "actionable inputs" during the COVID-19 lockdown. 

"However, a case in this regard has been registered by NCB Mumbai zonal unit on August 28, 2020. Till date, in this case 10 persons have been arrested. Drugs such as Ganja, Hashish, Tetra Hydro Cannabinol and Lysergic acid De-ethylamide have been seized in the operation," minister added. 

Allegations regarding drug use in Bollywood were first made by actor Kangana Ranaut. several prominent actors will be "behind the bars" if the Narcotics Control Bureau investigated the film industry, said the actor who has been involved in a huge row with the Maharashtra government over her Mumbai unsafe comment and the subsequent comparison of the city with Pakistan-Occupied Kashmir.  

On Monday, her remarks on drug use found support from Ravi Kishan, a popular Bhojpuri and Hindi actor. In a statement in Parliament, the actor said several people have been arrested in the industry for drug use and it was all a conspiracy by Pakistan and China targeting the country's young people.  

"I urge the central government to take strict action against the culprits soon. Give them a befitting punishment and bring an end to this conspiracy by neighbouring countries," he said. 

Today, Jaya Bachchan issued a spirited refutation, saying a whole industry cannot be tarred because of a few people. 

"I was really embarrassed and ashamed that yesterday one our members in the Lok Sabha, who is from the industry, spoke against the film industry. Jis thaali me khaate hain usi me chched karte hain," she said. 

Ravi Kishan stood by his allegations, saying, "When Jaya-ji joined, the situation was not like this but now we need to protect the industry".