Prime focus is right to life of citizens, says SC on firecrackers ban

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New Delhi, Sep 28 | The Supreme Court on Tuesday said its primary concern is to protect “the right to life of innocent people”, which cannot be infringed under the guise of employment, while considering ban on firecrackers.

A bench of Justices M.R. Shah and A.S. Bopanna said it is important to strike balance between employment, unemployment, and the right to life of the citizen. It emphasisised that under the guise of employment of few, it cannot permit others to infringe the right to life of other citizens.

On the aspect of burning firecrackers, the bench noted that everyday, there is a violation of orders, and pointed out at several crackers being set off at marriages and other functions. It added that the court would have to set up liability on someone, otherwise, this will not stop at all.

Senior advocate Atmaram Nadkarni, representing manufacturers’ association of firecrackers, submitted that Diwali is on November 4 and the association wants Petroleum and Explosives Safety Organisation (PESO) to take a decision, adding that government should decide the matter as lakhs of people are unemployed.

To this, the bench said: “If we find green crackers are there and accepted by the committee of experts, we will pass suitable orders.” It also stressed that the orders of the top court should be implemented in true spirit.

Nadkarni contended that plight of lakhs of people who are working in the firecracker manufacturing industry should also be looked into.

Senior advocate Gopal Sankaranarayanan, representing the petitioner Arjun Gopal, submitted top court has passed several orders, and it had also passed directions that PESO will give final clearance to firecrackers — which are safe.

Amid the heated argument, the bench, in a lighter vein, said: “We don’t want any bursting of crackers in the courtroom. Everybody will get a chance…”

Additional Solicitor General Aishwarya Bhati, representing the Ministry of Environment and Forests, cited the October 2020 affidavit filed by the ministry, saying it covers all interim applications and experts have made suggestions on the issue of green crackers.

The top court is likely to continue hearing this matter on Wednesday.

Earlier, the top court had refused to impose a complete ban on sale of firecrackers, and directed only green crackers can be sold. The judgment came on a plea seeking ban on sale and manufacturing of firecrackers across the country, against the backdrop of increasing air pollution.

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

The benchmark Indices Nifty started on the positive side after continuous sell off in last week and has managed to settle at 15842.30 with 60 point gain or 0.38 percent. However Nifty has failed to regain 16000 levels prior to LIC listing.

While Bank nifty has managed to settle at 33597.60 levels after gaining 1.44 percent. On the sectoral front, Nifty PSU Bank, Nifty Realty and Auto have contributed 2-3 percent gain on closing basis. On the flip side Nifty IT and FMCG ended with losses of 0.75 percent and 0.35 respectively. In Nifty, EICHERMOT, APOLLOHOSP and UPL were the top gainers while ULTRACEMCO, SHREECEM and ASIANPAINT were the prime laggards.

Technically, after forming the bearish candle on the weekly chart, the index has formed a Doji candlestick on the daily chart which shows indecisiveness among the trades. Moreover, the index has also faced a resistance from falling trend lines and showed profit booking from higher levels. However, Fibonacci retrenchment also has support around 15650 levels.

Traders may find buying opportunities for short term as if 15650 levels is protected. In the hourly chart, with support of the middle Bollinger band short term upside movement is expected. Stock specific action would drive the market in coming days too.

On the derivatives front, the highest call OI is at 16000 strike price followed by 16200 strike prices while on the put side, highest OI is at 15500 strike price. INDIA VIX closed at 24.53 with gain of 4.43 percent intraday indicating volatility is going to remain till weekly expiry . On the other hand, Bank nifty has support at 32600 levels while resistance is placed at 34500 levels.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

 

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