traffic signal Anomalies and confusion to walk or not to walk ?

last night after attending the friends party in noble house Chinese restaurant near my office while heading back to home we saw a weird anomaly in pedestrian traffic light signal immediately my Colleague clicked it with his 3.2 mp camera from his mobile phone for a moment we were confused whether to walk or not to walk because the signal showed both red and green signals at a time and few people there said its a regular thing from long time in that traffic pole and most people always confuse with it, below is the picture of the pedestrian signal which was in tristate ;)

though i guess its a problem with the traffic signal if you think it has some special meaning or its some traffic rule newly introduced ;) and my other question is do people still follow pedestrian signals in india any more? please comment.