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Another dies of dengue in North 24Parganas

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first_imgKolkata: The dengue death toll in North 24-Parganas continues to go up with another woman reportedly died at the SSKM Hospital on Sunday.The victim identified as Sadhana Sarkar (32), a resident of Ichapur of Gaighata in North 24-Parganas had been suffering from fever since August 9. The victim’s family members took the victim to the Habra State General Hospital after she complained of fever. After primary check up, the patient was admitted to Habra hospital. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari PujaHer family members shifted her to the SSKM Hospital on August 27. The patient had been under close monitoring at the hospital as her condition turned critical. The SSKM Hospital authorities however said that the patient died due to multi-organ failure after her liver stopped working. A senior official of the SSKM said the hospital where the patient had been admitted previously in the case history mentioned that she had been suffering from dengue. Also Read – Bengal civic volunteer dies in road mishap on national highwayThe cause of her death has however been ascertained by the SSKM Hospital as multi-organ failure. According to the SSKM Hospital authorities, the patient’s liver was badly affected when she was taken to the hospital a few days ago. Despite all the efforts by the doctors, the patient could not be saved. Her kidney stopped functioning followed by multi organ failure. Renuka Mondal (40), also a resident of Gaighata died of dengue in a city hospital on Saturday. Mondal was also admitted to the Habra State General Hospital. She was shifted to a private hospital in Duttapukur in the same district after her condition deteriorated. The situation turned worse in Habra and its adjoining areas after dengue erupted in these pockets of the district. The North 24-Parganas district administration took up massive anti-dengue drive following the incident and the civic bodies have been instructed to undertake rigorous campaigns to combat dengue and other mosquitoes-borne diseases.last_img read more

Canadians paying more in taxes than on basic necessities Fraser Institute

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first_imgA new study finds Canadians are paying more than 40 per cent of their income on taxes, compared to just under 40 per cent on the basic necessities of life.The Canadian Consumer Tax Index by the Fraser Institute, which was released on Thursday, looked at tax bills from 1961 to 2016.Last year, the average Canadian family earned $83,105 but paid $35,283 in taxes compared to $31,069 spent on housing, food and clothing combined.Canadians spent 42.5 per cent of their income on taxes and 37.4 per cent on basic necessities, which include food, clothing and housing, the report found.In comparison, back in 1961, the average Canadian family spent 33.5 per cent on taxes and 56.5 per cent on food, clothing and housing.“Taxes help fund important public services that Canadians rely on, but the issue is the amount of taxes governments take compared to what Canadians get in return,” said Charles Lammam, a co-author of the report.“With more than 42 per cent of their income going to taxes, Canadians might ask whether they’re getting good value for their tax dollars.”According to the report, taxes have grown more rapidly 1961 to 2016 than any other household expense. Money spent on housing increased by 1,527 per cent, clothing by 677 per cent, and food by 639 per cent.In the same time period, the tax bill has risen by 2,000 per cent. The increase in the tax bill outpaced the rise in the Consumer Price Index.Read the full report below.Canadian Consumer Tax Index 2017: Fraser Institute by CityNewsToronto on Scribdlast_img read more

SecretaryGeneral calls for investment in women for peace and development

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Greater investment in women and girls will help further economic growth and advance development, Secretary-General Ban Ki-moon has told today’s commemoration at United Nations Headquarters of International Women’s Day. “I am deeply convinced that, in women, the world has at its disposal the most significant and yet largely untapped potential for development and peace,” Mr. Ban said at the event held in New York to mark the Day, observed annually on 8 March. He stressed that achieving gender equality is not only a goal in itself, but a prerequisite for reaching all the other development objectives, including the Millennium Development Goals (MDGs) – the global pledges to slash poverty, hunger, maternal and infant mortality, and other social ills, all by 2015. In recent years, agreements at major UN summits – including the Beijing Platform for Action, the Monterrey Consensus and the 2005 World Summit Outcome – have highlighted women’s empowerment as a key factor in economic development and called for the provision of sufficient resources to that end. “And yet, we still have a long way to go,” Mr. Ban stated. “Women are still severely hampered by discrimination, lack of resources and economic opportunities, by limited access to decision-making and by gender-based violence.” He called on everyone in the international community – governments, multilateral organizations, bilateral institutions and the private sector – to “dramatically” increase investments in women and girls, stressing that “investing in women is not only the right thing to do. It is the smart thing to do.” For his part, the Secretary-General pledged to work to strengthen the gender machinery within the UN Secretariat. He has proposed almost doubling the staffing of the Office of his Special Adviser on Gender Issues and Advancement of Women, and increasing the resources of the Division for the Advancement of Women. In addition, he supported the creation of one “dynamic and strengthened gender entity” that would consolidate existing UN structures, to advance the cause of women’s empowerment and realize gender equality worldwide. At a press briefing this afternoon, the Secretary-General’s Special Adviser on Gender Issues and Advancement of Women, Rachel Mayanja, highlighted the five strategies proposed by Mr. Ban for investing in women.One of the proposals is to finance infrastructure projects that assist women, such as roads, sanitation and water supply. “As you know, women spend an inordinate amount of time looking for water,” she said.The other strategies are to use public resources in ways that reduce the gender gap, scale up the share of gender-related allocations in official development assistance, create a transparent, stable and predictable investment climate to promote women’s employment and productivity, and increase the mainstream financial services available to women.In his message to mark the Day, General Assembly President Srgjan Kerim said the importance of investing in women and girls cannot be overstated given that women make up more than half of the world’s population. “However, women will only be truly empowered, when globally we muster the necessary political will to fully implement exiting commitments and make available the appropriate human, financial and educational resources that have been promised,” he stated. “But more fundamentally than these efforts, it is increasingly clear that we need to change our attitudes towards the role and status of women in society.” Also marking the Day, the Director-General of the UN World Health Organization (WHO) stressed the importance of investing in women and girls as an investment in health development. “Abundant evidence shows that when women are given an opportunity to express their potential, health indicators rapidly improve for themselves, for households and for communities,” Margaret Chan said in a statement issued today. “But while the potential of women is recognized at the international level, this potential will not be realized until conditions improve – often dramatically – in countries and communities,” she added, noting that many factors, often rooted in social and cultural norms, continue to hinder the ability of women and girls to achieve their potential. Meanwhile, the UN refugee agency today launched a handbook on the protection of women and girls, outlining strategies, international legal standards and responsibilities. UN High Commissioner for Refugees (UNHCR) António Guterres highlighted the importance of raising awareness on gender-based issues and described the handbook as “an important new tool? [that] describes the protection challenges faced by refugee women and ways of resolving them.” He added that the agency would be directing $1.5 million this year to special projects aimed at countering and raising awareness about sexual and gender-based violence in 14 countries. 6 March 2008Greater investment in women and girls will help further economic growth and advance development, Secretary-General Ban Ki-moon has told today’s commemoration at United Nations Headquarters of International Women’s Day. read more

Sudans 2010 elections crucial benchmark in peace process – Ban

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“The holding of nationwide elections is an important benchmark in the implementation of the Comprehensive Peace Agreement (CPA),” Mr. Ban’s spokesperson said in a statement, referring to the 2005 accord signed by the Government of National Unity and the Government of Southern Sudan. Mr. Ban urged the Sudanese authorities to proceed with the necessary preparations in accordance with the timeframe proposed by the National Election Commission (NEC), and expressed hope that the National Assembly will pass all relevant legislation as a matter of urgency. “He further encourages all political parties to participate in this historic vote, which will further contribute to the consolidation of the ideals set out in the Interim National Constitution,” the statement added. “The United Nations stands ready to assist the parties in the conduct of free and fair elections.” The 21-year conflict between the Sudanese Government and the Sudan People’s Liberation Movement (SPLM) left more than two million people dead and uprooted some four million across the vast African nation. In addition to the holding of elections, the CPA also contains elements relating to border demarcation the disarmament, demobilization and reintegration of ex-combatants the formation of joint integrated units involving the two sides and a national census. The UN Mission in Sudan (UNMIS) is tasked with assisting the parties and the people of Sudan in fulfilling their commitments under the accord. 3 April 2009Secretary-General Ban Ki-moon today welcomed the announcement that national elections will be held in Sudan in February 2010, noting the polls will be an important step in consolidating the hard-won peace achieved by the country following its long-running north-south civil war. read more

Top US Indian and Chinese officials to attend Colombo symposium

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It is envisioned that events of this nature would further augment the government’s policy towards transforming Sri Lanka into a regional trading, logistics and financial hub.The Conference, which is a Track 1.5 exercise that includes policy makers and senior government officials along with academia, is organised by the  Office of the Prime Minister, Ministry of Foreign Affairs, and the Lakshman Kadirgamar Institute in collaboration with the Global Maritime Crime Programme of the United Nations Office on Drugs and Crime (UNODC). (Colombo Gazette) The “Indian Ocean: Defining our Future” Conference, which aims to create a platform for Indian Ocean littoral states and major maritime users to discuss issues of mutual interest and concern, will be held in Colombo on 11-12 October 2018. Top officials from the US, India and China are to attend a symposium to be held in Colombo next week, the Ministry of Foreign Affairs said today.Indian Deputy National Security Advisor Pankaj Saran, Principal Deputy Assistant Secretary of the US State Department Alice G. Wells, and Director General of the Department of Boundary and Ocean Affairs of the Ministry of Foreign Affairs of China Yi Xianliang are attending the symposium. This Conference is held at a time when the Indian Ocean has emerged as one of the world’s busiest and most critical trade corridors, carrying two thirds of global oil shipments and a third of bulk cargo and hosting the most critical Sea Lanes of Communication (SLOCs), directly impacting global trade and economy. The inaugural address of the Conference will be delivered by President Maithripala Sirisena while Prime Minister Ranil Wickremesinghe will deliver the keynote address. The UN Secretary-General’s Special Envoy for the Ocean, Ambassador Peter Thomson will also address the inaugural session.The Inaugural Panel titled “Navigating Challenges and Prospects in the Indian Ocean: Towards a Shared Understanding” will include key policy makers such as Indian Deputy National Security Advisor Pankaj Saran, Principal Deputy Assistant Secretary of the US State Department Alice G. Wells, and Director General of the Department of Boundary and Ocean Affairs of the  Ministry of Foreign Affairs of China Yi Xianliang, and Deputy Director General at Department of International Relations and Cooperation, South Africa, and Chair of the Committee of Senior Officials of IORA, Dr Anil Sooklal.The speakers and participants will focus their discussions on four thematic areas, namely:  The Indian Ocean Economy: The New Global Growth Pole;  Life below Water: Reframing the Oceans as Development Spaces; An End to Uncertainty: Safety and Security at Sea; and Reinforcing International Law in the Indian Ocean:  United Nations Convention on the Law of the Sea (UNCLOS) and Emerging Issues. The Conference is expected to lead to a multilateral  diplomatic Conference to be held early next year in Sri Lanka building on the work of this Conference and move towards an understanding among littoral states and major maritime users that would contribute towards greater peace, security and prosperity in the Indian Ocean. The “Indian Ocean: Defining Our Future” Conference will explore the region’s strongest challenges and opportunities in a 2-day symposium featuring international dignitaries and experts from the littoral states and beyond. Sri Lanka’s geographical location in the Indian Ocean and its long history of peaceful engagement with the international community makes it an ideal convenor of such an international Conference.The Conference, scheduled to be held at Temple Trees, is an initiative of Prime Minister Ranil Wickremesinghe with the patronage of President Maithripala Sirisena, the Foreign Ministry said. read more

UN reform proceeding on many fronts Fréchette tells General Assembly

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A new report on providing technical cooperation identifies UN system agencies active on certain issues and clarifies roles and responsibilities to eliminate duplication, she told the Assembly. “It is hoped that this compendium will be a useful source of information for programme countries and the donor community.”The UN’s work in developing countries “is being made more effective through simplification and harmonization of procedures, joint programming, the pooling of resources, better knowledge management and improvements in the (development) Resident Coordinator system,” she said.This year’s UN budget proposals represent “a major effort to realign activities with priorities and to increase attention to development issues, in particular the Millennium Development Goals,” she said.The goals, approved in 2000 by a summit of world leaders, aim to eliminate extreme poverty by 2015.Alongside the efforts to reform the international civil service, General Assembly President Julian Hunte of St. Lucia has been campaigning to improve the working of the 191-member body.Speaking at the opening session of the Inter-Parliamentary Union hearing today, he said, “We seek to foster the building of a ‘global parliament,’ more efficient in its decision-making process and more capable of taking effective decisions. Above all, we need a United Nations General Assembly whose decisions are respected and have a decisive influence on the actions of member states.”In the General Assembly later, he appointed “facilitators” to move the process of gathering reform proposals along and he asked delegates “to demonstrate a combination of imagination in proposing solutions and of willingness to be flexible during the process of negotiation.” read more

UN agency opens first safe camp for Sudanese refugees in Chads south

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The camp, known as Goz Amer 1, accepted its first convoy of 78 refugees on Tuesday and another convoy of 130 people today, the UN High Commissioner for Refugees (UNHCR) reported. A second camp in the same area is being planned.UNHCR, Chad’s national refugee agency and several non-governmental organizations (NGOs) have set up five camps this year well inside Chad so that residents will be safe from cross-border raids by militia groups.The refugees now in Goz Amer 1 had been living in makeshift shelters near the town of Mouraye. The new camp will provide a home for refugees living along a 300-kilometre stretch of the Chadian-Sudanese border between the towns of Ade and Tissi.Almost 15,000 refugees live in four camps – Farchana, Iridimi, Kounoungo and Touloum – in the northern section of the border zone, with fresh convoys arriving daily. The camp at Touloum is currently full until more water supplies can be introduced.UNHCR estimates that more than 110,000 Sudanese have fled across the border to Chad in the past year to escape conflict in the Darfur region in their country’s west. Fighting continues between the Sudanese Government, rebel groups such as the Sudan Liberation Army (SLA) and militia groups. Another 700,000 people are thought to be internally displaced because of that conflict, while overall, Sudan has the world’s largest population of displaced persons, with some 3 million to 4 million across the vast territory. read more

Ireland agree to close the roof for Cardiff clash with Wales

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first_img 32,242 Views Murray Kinsella reports from the Principality StadiumTHE ROOF WILL be closed for tomorrow’s Six Nations clash between Ireland and Wales at the Principality Stadium [KO 8.05pm].Wales have a preference for shutting the retractable roof for games at the Cardiff venue, but opposition teams have the final say in whether it remains open or not. The roof will be shut tomorrow in Cardiff. Source: Billy Stickland/INPHOEngland opted to leave the roof open for their clash with the Welsh in the second round of this years’s championship, but Ireland have agreed to close it.Scattered showers are forecast for Cardiff tomorrow and, presumably with that in mind, Joe Schmidt and Ireland have gone along with the Welsh desire to close the roof.“It’s staying closed,” said Wales assistant coach Robin McBryde this afternoon after his side’s captain’s run at the Principality Stadium.Ireland are more than happy to go with our decision. In fairness, from the supporters’ point of view, that’s going to add to the occasion. It will be a fantastic atmosphere and that’s what it’s all about.“Teams come to Cardiff wanting to play in the Principality and make it as great an occasion as possible. It’s closed, so we’re looking forward to that.”The closed roof will serve to accentuate the volume of what is expected to be a raucous crowd in the stadium tomorrow. The pitch should remain dry, of course, although Schmidt has previously spoken about the manner in which moisture tends to build up inside the stadium when the roof is closed.Ireland opted to leave the roof open when the sides met here in the 2015 Six Nations, although they did play under a closed roof in Cardiff in their 2015 World Cup games against Canada, France and Argentina. Wales’ players emerge for their captain’s run today. Source: Dan Sheridan/INPHOMeanwhile, McBryde says he expects Wales to bounce back from the criticism they have faced following defeats to England and Scotland.Interim head coach Rob Howley has decided not to make any changes to his matchday 23 after the loss to the Scots in round three, and a response is now required.“I think each individual deals with it differently. If you go looking for it, you’re going to find the criticism,” said McBryde.As far as I’m concerned, when you’re taking part in international rugby as a player and a coach, you’re always under constant pressure. Maybe a little more so in Wales.“But the way we react to it, that can only be shown on the field. For myself personally, there’s still a level of hurt there from the Scottish defeat and I’m sure players are feeling that as well.“We need to react in a positive manner in the opening stages with what will be a very confident Irish team.”Subscribe to The42 Rugby Show podcast here: 55 Comments Ireland agree to close the roof for Cardiff clash with Wales Joe Schmidt has opted to go for a shut roof, with scattered showers forecast for Cardiff. http://the42.ie/3278686 iTunes By Murray Kinsella Androidcenter_img Share12 Tweet Email1 Thursday 9 Mar 2017, 3:14 PM Mar 9th 2017, 3:14 PM Nash holds captaincy despite Kelly return to Ireland U20 midfieldBilly Vunipola named on the bench as England get set for Scotland clash Short URL Tweet thisShare on FacebookEmail this articlelast_img read more

The EU is 60 this weekend but it wasnt the first vision

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first_img Short URL Saturday 25 Mar 2017, 7:00 AM 12,509 Views By AFP Tweet thisShare on FacebookEmail this article The EU is 60 this weekend, but it wasn’t the first vision of a united Europe It’s been tried many times before. WHEN: 1938-1945WHERE: Most of Europe, parts of North Africa and RussiaWHAT: Hitler’s vision of Europe under the Nazi swastika was less a dream than a twisted search for “lebensraum” for a Greater Germany.Rome again proved an inspiration, in the form of the Nazi eagle and other martial iconography, as well as Hitler’s grand architectural projects.There were also echoes of Napoleon, particularly in that it was another doomed attempt to conquer Russia that would eventually see the 1,000-year Reich collapse within six years of war that left tens of millions dead.Boris Johnson, now Britain’s foreign minister, sparked outrage last year when he compared the EU to Napoleon and Hitler.European Union Source: EUofficial/YouTubeWHEN: 1957 – ?WHERE: Currently 28 nationsWHAT: In 1950, just five years after World War II, French foreign minister Robert Schuman unveiled proposals for an economic union between France and West Germany, drawing on the ideas of economist Jean Monnet that were long seen as a pacifist fantasy.A year later, six countries — Belgium, France, Germany, Italy, Luxembourg and The Netherlands — established the European Coal and Steel Community, from which on March 25, 1957, the Treaty of Rome established the precursor of the EU.The UK is now set to become the first country to leave, but the EU is a chapter in Europe’s history that remains unfinished.© – AFP 2017Read: Juncker calls Brexit ‘a tragedy’ as he says UK’s final bill will be around €58 billion >Read: ‘As the UK withdraws economic opportunities will arise. Ireland must aggressively pursue them’ >center_img THE EUROPEAN UNION was created by the Treaty of Rome 60 years ago this weekend, but it’s far from the first vision of a united Europe.Here are some other notable examples from history of when Europeans attempted to unite under one flag, people or nation.Roman Empire Actors dressed as ancient Romans near the coliseum. Source: Antonio Masiello/PA ImagesWHEN: 27 BC to 476, the empire falling to the German GothsWHERE: Stretched from northern England to North Africa, Europe’s Atlantic coast to the Middle EastWHAT: Visions of a united Europe have often been anchored in the time when toga-wearing emperors spread their influence across territory even greater than today’s EU.The EU’s founding Treaty of Rome of 1957 was signed in a city that was the seat of European civilisation and centralised power for a half a millenium.Rome endured longer than any regime since, finally falling to infighting, overreach and barbarian invasions.Charlemagne WHEN: 768 to 814WHERE: Eastern Europe to Western France, most of ItalyWHAT: Rome was at the heart of the European project launched by Charlemagne, king of the Franks.Mostly based in Aachen, Germany, Charlemagne fought endless wars to unite his vast kingdom under one throne and was crowned emperor of Rome by Pope Leo III (750-816), the first since the fall of the Roman Empire.A zealous Christian, Charlemagne imposed his faith across Europe’s feudal boundaries, instituting political reforms and an intellectual revival.The Holy Roman Empire would endure after Charlemagne, but as a loose confederation of German duchies and city-states.Charles V Charles V, Holy Roman Emperor Source: WikimediaWHEN: 1515-1555WHERE: Spain, Italy, Germany, the Netherlands and South America.WHAT: The one ruler of the Holy Roman Empire who sought to unite Europe into a seamless whole on scale with today’s European Union was Charles Hapsburg.Charles V was a French-speaking Belgian with a Spanish mother and a Flemish father who tried to forge a Europe based on staunch Catholicism, common laws and colonialism.But Europeans proved to be too disparate and unwilling to pay taxes to a Belgium-based autocrat with whom they had little in common.Charles V stood down as monarch after ruling for 34 years, retiring to a monastery in Spain.Napoleon BonaparteWHEN: 1799-1815WHERE: Spain to the outskirts of MoscowWHAT: The French Revolution, rooted in the Enlightenment, changed Europe forever, not least because a Corsican dictator tried to impose its values across much of what is now the EU.Influenced by ancient Rome, Napoleon transformed the French Revolution into a family-run empire, and embarked on a decade of military battles that ended with his final defeat at Waterloo, now a Brussels suburb.Napoleon felt deeply for Europe’s Roman past. He gave Paris a Roman-style triumphal arch to celebrate his war dead and created the Legion of Honour, an order of distinction, on the model of the Roman Legio Honoratorum. He also invoked Charlemagne at his imperial coronation in 1804.Victor Hugo French Peer Victor Hugo Source: WikimediaWHEN: 1840sWHAT: After the Congress of Vienna, the post-Napoleonic peace deal, Europe became a continent of nation states that worked warily together in a careful balance of power operated by political conservatives.Against this, intellectuals such as France’s Victor Hugo and Italy’s Giuseppe Mazzini pleaded for a united states of Europe based on peace and a leftist common purpose that would fuel the revolutions of 1848 — and provide the basis for visions of post-World War II Europe.Adolf Hitler Hitler portrayed on a Greater German Reich stamp. Source: Wikimedia Mar 25th 2017, 7:00 AM 48 Comments http://jrnl.ie/3305809 Share24 Tweet Email1 last_img read more

Demolition work at Hanford plant to resume

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first_imgSPOKANE — Work to demolish a former nuclear weapons production factory in Washington may resume in September, about six months after it was halted when workers were exposed to radioactive particles, the U.S. Department of Energy said Thursday.The agency will implement extra safety measures for workers demolishing the Plutonium Finishing Plant on the Hanford Nuclear Reservation, which is near Richland. The plant was involved in producing much of the plutonium for the nation’s nuclear arsenal.Hanford officials issued a report in late March that said a total of 42 Hanford workers inhaled or ingested radioactive particles when they were exposed during contamination events in June and December of last year. Radioactive contamination was also found outside plant offices and inside two dozen vehicles, the report said.Demolition work was halted. Experts studied the dangerous work, looking for ways to make it safer for employees and the environment.“Right now we are planning for a September resumption on demolition,” said Karen Wiemelt, a manager at CH2M Hill Plateau Remediation Company, the private contractor performing the work for the Energy Department. She predicted demolition could be completed by next June.Experts have identified techniques to make the work safer, including better and more frequent monitoring for radioactive contamination, better ventilation, minimizing waste piles and making sure that materials known as fixatives were used according to manufacturers’ specifications, Wiemelt said.last_img read more

Icy roads blamed for crash north of amphitheater

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first_imgIcy conditions were blamed for a two-car crash north of Sleep Country Ampitheater. The drivers of both vehicles suffered injuries described as not serious. (Clark County Sheriff’s Office) Icy conditions Friday morning were blamed for a two-car crash north of the Sleep Country Amphitheater near Ridgefield. John V. Schulling, 59, of Battle Ground was driving a 2003 Mazda east on Northeast 179th Street near Northeast 15th Avenue about 8:45 a.m. when the vehicle slid on an icy patch into the path of a westbound Ford F-150, according to Clark County Sheriff’s Office spokesman Sgt. Fred Neiman. Schulling and the driver of the pickup, Susan M. May, 37, of Battle Ground both were injured, but Neiman described their injuries as not serious. Schulling was taken by ambulance to PeaceHealth Southwest Medical Center while May was taken to the hospital by private vehicle and later discharged. Schulling was listed in satisfactory condition Friday night.No citations were issued.last_img read more

Police No charges in Southwest Ranches crash that killed 2 horses

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first_imgSOUTHWEST RANCHES, FLA. (WSVN) – Police said no one will be charged in a crash that claimed the lives of two horses in Southwest Ranches and sent a 9-year-old girl and her trainer to the hospital.According to officials, all parties shared equal blame in the incident that happened along Griffin Road and Southwest 198th Terrace on July 8.Davie Police said a white Toyota Tundra traveling east along Griffin Road, near 199th Terrace slammed into the horses and the riders as they crossed the road.The girl and her instructor, identified as 62-year-old Joy Shupnick, have been released from the hospital and are recovering at home.Copyright 2019 Sunbeam Television Corp. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.last_img read more

Indian firms were involved in 77 billion worth MA dealsEY

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first_imgMergers and acquisitions (M&A) involving Indian companies saw 18 percent growth in value terms at $7.7 billion while the number of deals remained at 233 during the third quarter of 2015, said EY Services Ltd on Tuesday.In statement citing the Transactions Quarterly 2015, the company said the M&A activity involving Indian companies picked up momentum during the quarter ending September 2015 and saw a total of 233 deals — both inbound and outbound.The M&A activity is expected to remain strong in the coming months, on the back of positive economic outlook, improved investor confidence and favourable capital markets.The cumulative disclosed deal value registered during the third quarter of 2015 was $7.7 billion.”While this represents an 18 percent increase in terms of aggregate disclosed value as compared to $6.5 billion in 3Q14, the deal volume remained at the same levels (232 deals in 3Q14),” the statement said.According to EY Services, the technology sector continued to dominate the M&A sector tables in terms of volume, accounting for 36 deals, as companies remained focussed on acquiring firms specializing in SMAC (social media, mobile, analytics and cloud) capabilities.”Cross-border transactions were a significant driver of the M&A activity. This reflects increased business confidence of global playersin the Indian economy and the domestic companies. The M&A activity on the domestic front, though subdued, is expected to pick up over the next few months as the economy continues to improve.” Amit Khandelwal, partner and national director, transaction advisory services, EY was quoted as saying in the statement.Cross-border M&A dominated the country’s deal landscape during the quarter with 116 deals with a cumulative disclosed value of $6.6 billion, accounting for 85 percent of the total disclosed deal value.Compared with the previous quarter, the deal volume increased by 27 percent (91 deals in 3Q14) and deal value by 150 percent ($2.6 billion in 3Q14), EY Services said.This surge in deal value can be attributed to three outbound big-ticket transactions ($500 million and above) and two inbound deals totalling to $3.6 billion, compared to only one big-ticket cross-border transaction in 3Q14 that being an inbound deal valued at $610 million.According to EY Services, the quarter under review witnessed 33 outbound deals with a cumulative disclosed deal value of $3.6 billion.The deal volume remained nearly flat for the third quarter as compared to corresponding period last year. However, the value size of the deals for the quarter under review went up by eight percent from $401 million for corresponding period in 2014.Key transactions within the space included ONGC Videsh Limited’s agreement to acquire up to 15 percent stake in Russia-based CSJC Vankorneft for $1.3 billion, Lupin Limited’s agreement to buy the US-based Gavis Pharmaceuticals LLC and its affiliate Novel Laboratories Inc. for $880 million and Cipla Limited’s agreement to acquire the US-based InvaGen Pharmaceuticals Inc. and Exelan Pharmaceuticals Inc. for a joint consideration of $550 million.”Of the top 10 deals of the quarter in terms of value, 50 percent were outbound and drove the significant increase in value to $3.6 billion in 3Q15, compared to $0.3 billion in 1Q15 and $0.5 billion in 2Q15.”These transactions marked an end to a prolonged absence of big-ticket outbound transactions from the M&A activity in India since 2012,” said Khandelwal.On the inbound front, a total of 83 deals were registered with a cumulative disclosed deal value of $2.9 billion, up from 60 deals with a total disclosed deal value of $2.2 billion in 3Q14.Technology, infrastructure and financial services were the most active sectors for inbound investments.According to EY Services, the US companies continued to be the most active counterparts of Indian companies in the cross-border transactions.During the quarter, players from the US were involved as acquirers in 23 inbound deals and as targets in nine outbound transactions.Companies from the UK followed next with 6 inbound and 5 outbound transactions.Domestic M&A activity took a plunge this quarter, both in terms of disclosed deal value and volume. The deal volume decreased to 117 from 141 in 3Q14 and aggregate disclosed deal value decreased to $1.1 billion from $3.9 billion in 3Q14.The largest deal in domestic arena was Birla Corporation’s agreement with Lafarge India to acquire its two cement assets for $768 million.last_img read more

More than 250000 loan defaulters in country Finance minister

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first_imgAHM Mustafa KamalThere are a total of 266,118 loan defaulters in the country as of December 2018, finance minister AHM Mustafa Kamal informed parliament on Thursday, reports UNB.Answering a starred question of lawmaker Waresat Hussain Belal (Netrokona-5), Kamal also made available the list of top 20 loan defaulters, published in line with an earlier decision.However, a number of stay orders of the High Court prevented names of some defaulters from being published, noted the finance minister.The top 20 defaulters, as per the Credit Information Bureau of Bangladesh Bank, are: 1) Quantum Power System Limited 2) Samannaz Super Oil Ltd 3) BRSpinning Mills Limited 4) Suprov Spinning Limited 5) Rimex Footwear Ltd 6) Rising Steel Limited 7) Computer Source Limited 8) Benetex Industries Ltd 9) Max Spinning Mills 10) SA Oil Refinery Ltd 11) Rubya Vegetable Industries Ltd 12) Anowara Spinning Mills 13) Crescent Leather Products Ltd 14) Suprob Rotor Spinning Limited 15) Yasir Enterprise 16) Chowdhury Knitwears Ltd 17) Siddique Traders 18) Rupali Composite Leather Wear Ltd 19) Alppa Composite Towels Limited and 20) MM Vegetables Products Ltd.The sum of non-performing loans (NPL) stood at Tk 939.11 billion at the end of 2018, up from Tk 743.03 billion a year ago, according to Bangladesh Bank data.They accounted for 10.3 percent of the banking sector’s total loans, up from 9.3 percent in 2017.The majority of the total amount of NPLs is still held by the country’s eight state-owned commercial banks, standing at Tk 534.84 billion at the end of 2018, up just over 25 percent year-on-year.Yet worryingly the amount of default loans is rising faster at the private commercial banks, having ballooned by 30 percent year-on-year to end 2018 at Tk 381.40 billion.Against this background, Mustafa Kamal also briefed the house on the imminent launch of three new private banks – namely Bengal Bank Limited, People’s Bank Limited and Citizen Bank Limited, after the central bank in a board meeting on February 17 decided to issue their licenses.Responding to a written question of Md Nurunnabi Chowdhury MP (Bhola-3), the finance minister said there are currently 41 private commercial banks and nine foreign banks in the country, besides the state-owned commercial banks.last_img read more

Pandora Names Jason Roth Head of Product and Partnership Communications

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first_imgPandora has named veteran music/technology communications exec Jason Roth as its new Head of Product and Partnership Communications, based at the company’s Oakland headquarters. Roth, who starts this week, will report to Pandora’s newly-hired VP of Brand and Communications, Brad Minor, who comes via senior branding roles at JP Morgan Chase & Co. and American Express.Roth most recently managed communications and editorial strategy for HP’s 3D printing business, but the well-regarded PR vet has a deep resume of senior communications roles in the music space that includes Senior Publicity Director for Capitol Records, where he worked with Coldplay, LCD Soundsystem, Liz Phair, The Decemberists and the Beatles catalog, among others, as well as senior roles at Spotify and Apple, where he led communications for iTunes for many years. Roth is also a longtime music writer whose work has appeared in Spin, the Chicago Tribune, and New City, among others, and moonlights as a contributor to NPR Music.Roth, whose late father Morry was Variety’s midwest bureau chief for over 35 years, was indoctrinated into the music industry from an early age. “While other fathers and sons were bonding at baseball games, we were bonding at Black Sabbath and Ramones concerts,” said Roth. “We tried to play it like normal people, but we went to exactly one Boy Scout meeting, where other dads were wearing khaki shorts and tying knots, and turned right around and went to a Judas Priest show.”As competition in the music streaming space continues to heat up from Spotify and Apple Music, a recently-announced acquisition of Pandora by SiriusXM, expected to close next year, would create the world’s largest audience audio entertainment company.Said Roth: “The most exciting part of leading product and partnership communications for Pandora is that those two things are so central to driving this new era for the company, where it has the wind back in its sails, accelerating listener growth, big market-leading partners, and some things in the works that are genuinely going to surprise people and make Pandora the one to watch. I can’t wait to help tell that story.” Popular on Variety center_img ×Actors Reveal Their Favorite Disney PrincessesSeveral actors, like Daisy Ridley, Awkwafina, Jeff Goldblum and Gina Rodriguez, reveal their favorite Disney princesses. Rapunzel, Mulan, Ariel,Tiana, Sleeping Beauty and Jasmine all got some love from the Disney stars.More VideosVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9Next UpJennifer Lopez Shares How She Became a Mogul04:350.5x1x1.25×1.5x2xLive00:0002:1502:15last_img read more

Alibaba Buys 8 Stake in Chinese Video Platform Bilibili

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first_imgAlibaba has purchased an 8% stake in the Chinese online video platform Bilibili, the official Xinhua news agency reported.Bilibili is one of China’s top video streaming and entertainment platforms, with about 92 million monthly active users and 450 million page-views per day. Founded in 2009, it was listed on the NASDAQ last March. Alibaba’s Taobao e-commerce retail platform now owns 24 million shares.“I believe our cooperation can further unleash Bilibili’s commercial potential. I hope our collaboration will bring the creativity of the young Chinese to the world,” said Jiang Fan, vice president of Alibaba Group and president of Taobao, according to Xinhua’s report Thursday. It also cited Bilibili CEO Chen Rui as saying that the enormous Taobao platform would help more people discover Bilibili content. Popular on Variety Alibaba’s investment comes on the heels of a deal struck with the platform in December to find new, interactive ways of connecting users to content creators and merchandise. Bilibili is particularly popular with post-’90s Generation Z users — a key demographic for content-driven e-commerce.Alibaba rival Tencent is the second-largest shareholder of Bilibili, making the video platform one of China’s rare companies to have both tech giants as investors. In October, Tencent and Bilibili announced a partnership to mutually create and host more content in the anime, comics and games space.center_img ×Actors Reveal Their Favorite Disney PrincessesSeveral actors, like Daisy Ridley, Awkwafina, Jeff Goldblum and Gina Rodriguez, reveal their favorite Disney princesses. Rapunzel, Mulan, Ariel,Tiana, Sleeping Beauty and Jasmine all got some love from the Disney stars.More VideosVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9Next UpJennifer Lopez Shares How She Became a Mogul04:350.5x1x1.25×1.5x2xLive00:0002:1502:15last_img read more

Mamata rues being stopped from attending Chicago event in memory of Swamijis

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first_imgKolkata: Chief Minister Mamata Banerjee said that she had been prevented from attending a function in Chicago to commemorate the125th year of Swami Vivekananda’s address before the World Parliament of Religions by some “unholy conspirators”. “I felt bad and was hurt. I know that some unholy conspirators did not want me to attend the meeting. They had threatened Ramakrishna Mission as well,” she said while addressing a gathering at Belur Math on Tuesday afternoon. Also Read – Rain batters Kolkata, cripples normal lifeBanerjee was scheduled to address a meeting at Chicago in August on the invitation of the Vedanta Centre, a branch unit of Ramakrishna Mission. The state government will create Vivekananda Chair at the Ramakrishna Mission Educational Research Institute, formerly known as Ramakrishna Mission Vivekananda University and gave Rs 10 crore for Vivek Tirtha, the value education centre that is coming up at New Town. Banerjee said some forces are trying to interpret Hinduism by creating division. Also Read – Speeding Jaguar crashes into Mercedes car in Kolkata, 2 pedestrians killed”There are some who are trying to dictate what food habit we should follow or what dress we should put on. This is ridiculous. We have Swami Vivekananda and will not listen to the neo-interpretations,” the Chief Minister said. Quoting Swamiji’s first speech at the Parliament of Religions where he said “We believe not only in universal tolerance but we accept all religions as true,” she said this is Swamiji’s philosophy and this is Bengal. She said to become a leader one must learn to sacrifice for the people. She felt that more and more students should be brought under Swamiji’s umbrella. “Swamiji is our leader and he can show the path,” she said, adding that steps should be taken to ensure that fanaticism and sectarianism do not affect the society. She urged people to follow the path of Swami Vivekananda. The Chief Minister said tolerance is the biggest gift of Hindu religion. “This religion is humanism,” she said. She said Swamiji had wanted all boys and girls to be fearless. “If there is any weakness in the world, it is sin, it is death,” she quoted the words of Swamiji, who had spread the message of love, hope and tolerance. Many people blew conch shells on Tuesday afternoon, to mark the beginning of the Parliament of Religions in 1893. Swamiji had delivered six lectures at the Parliament. In state-run, sponsored and aided schools, functions were held to commemorate 125 years of Swamiji’s speech. The state government will also observe Harmony week from September 12 to 19.last_img read more

Regal Hotels signs strategic partnership

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first_imgRegal Hotels Signs Strategic Partnership Agreement with reward-URegal Hotels Signs Strategic Partnership Agreement with reward-URegal Hotels International is delighted to announce a strategic partnership with reward-U to reward guests who book with participating Regal Hotels and iclub Hotels.Starting from today, members of reward-U are entitled to earn 2,000 and 1,000 reward-U points respectively for each eligible stay at participating Regal Hotels and iclub Hotels* with specified qualifying room rates.Regal Hotels is delighted to form this strategic alliance with reward-U. Regal Hotels has strived to extend its partnership network to provide guests with more options and benefits. The partnership brings together Hong Kong’s leading hotel group and airline loyalty programme to create added incentives and enhance experience for mutual guests. Regal Hotels will continue to deliver its world-class facilities and attentive hotel services that bring guests a pleasant and memorable stay.Launched in 2016, reward-U is the loyalty programme founded by HK Express. It has reached 1 million members quickly by offering an easy-to-understand programme structure, and unique features and benefits that members see value in.“reward-U caters to the needs of the mass market and the growing millennial segment that is overlooked, helping them maximize moments of enjoyment,” says Steven Greenway, CEO of reward-U. “The new partnership with Regal Hotels Group appeals to the love of travel in our members, providing more exciting rewards to them,” he adds.Regal Hotels currently works with 21 other international airline partners, including Air China, Alaska Airlines, American Airlines, ANA, Asiana Airlines, British Airways, Cathay Pacific, China Airlines, China Eastern Airlines, Etihad Airways, EVA Air, Hong Kong Airlines, JAL, Jet Airways, Korean Air, Malaysia Airlines, Philippine Airlines, Qantas, Singapore Airlines, United Airlines and Virgin Atlantic.*Participating Regal Hotels and iclub Hotels –Hong Kong: Regal Airport Hotel, Regal Hongkong Hotel, Regal Kowloon Hotel, Regal Oriental Hotel, Regal Riverside Hotel, iclub Fortress Hill Hotel, iclub Ma Tau Wai Hotel, iclub Sheung Wan Hotel and iclub Wan Chai HotelShanghai: Regal International East Asia Hotel, Regal Shanghai East Asia Hotel, Regal Jinfeng Hotel and Regal Plaza Hotel & ResidenceDezhou: Regal Kangbo Hotel and Regal Kangbo Hotel & ResidenceFoshan: Regal Financial Center HotelXi’an: Regal Airport Hotel, Xi’anTerms and conditions apply. For details, please visit www.regalhotel.com and www.hkexpress.com. For enquiries, please contact individual hotel reservations directly.Source = Regal Hotels Internationallast_img read more

Mortgage Apps Experience YearOverYear Rise

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first_img According to the most recent MBA Builder Applications Survey (BAS) data, mortgage applications for new home purchases experienced an increase of 7.8 percent compared to December 2016. However, applications decreased by 18 percent month-over-month. According to the report, this change did not include any adjustment for typical seasonal patterns.Lynn Fisher, MBA VP of Research and Economics explained that after playing catch-up for two months following the slowdown caused by hurricanes Harvey, Irma, and Maria, mortgage applications for new homes declined in December to a more normal growth rate.“Based on December applications, we forecast that new home sales fell in December but remained nearly 16 percent higher than a year ago, and we are anticipating only modest year-over-year growth for new home sales in 2018,” said Fisher. “Despite robust demand, a lack of labor and land will continue to constrain homebuilders.”In addition, the survey, which tracks application volume from mortgage subsidiaries of home builders across the country, estimated new single-family home sales were running at a seasonally adjusted annual rate of 554,000 units in December 2017, a decrease of 16.4 percent from the November pace of 663,000 units.On an unadjusted basis, the survey estimated there were 40,000 new homes for sale in December 2017, a decrease of 14.9 percent from 47,000 new home sales in November. These estimates were derived using mortgage application information from the survey as well as assumptions regarding market coverage and other factors.Providing data information on the types of loans used by new home buyers, the survey results reported that conventional loans made up 72.5 percent of loan applications, FHA loans produced 15.1 percent, RHS/USDA loans composed 2.3 percent, and VA loans collected 10.1 percent. In addition, the average loan size of new homes increased to $339,203 in December—compared to $337,427 in November. Mortgage Apps Experience Year-Over-Year Rise HOUSING mortgage Mortgage Applications 2018-01-12 Nicole Casperson January 12, 2018 561 Views center_img in Daily Dose, Data, Featured, News Sharelast_img read more

Banks face heftier fines for mistreating customers

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first_imgParliament on Monday passed a law expanding the scope of action of the Financial Ombudsman and empowering the agency to impose heftier fines on banks found to have treated debtors unfairly.With the amendments to the relevant law, the Financial Ombudsman may now award damages of up to €100,000 (up from €50,000 previously) for real losses suffered by a consumer, following a final decision that goes against a financial corporation.In addition, the agency will examine complaints worth up to €250,000 relating to disputes between consumers and financial corporations, up from €170,000 currently.The amendments also allow legal entities to lodge a complaint whose turnover – in the year prior to that when they file a complaint – does not exceed €350,000, compared to €250,000 today.Another change extends the deadline during which a debtor may apply for mediation, from 14 days currently to 30 days.The agency’s scope is expanded to handle cases of loans granted for business premises.Decisions by the agency’s executive – the board of directors – will henceforth require prior consultation with the Financial Ombudsman, who will be appointed/terminated by the cabinet.The board comprises seven members, likewise appointed by the cabinet. One of the members is a representative of the banks.The bank representative on the board may not be an administrator, officer or employee of a licensed financial corporation or subsidiary thereof, and may not possess shares in any bank or financial corporation licensed in Cyprus.The Financial Ombudsman was set up as an independent service tasked with settling disputes between financial institutions and their customers – a daunting undertaking given the astronomical number of non-performing loans (NPLs) in post-March 2013 Cyprus.The agency is designed to serve as an independent authority to be engaged once all internal restructuring efforts made privately between the banks and borrowers have been exhausted, in order to help broker a settlement without resorting to the courts.Also on Monday, the House plenary passed a legislative proposal stipulating that owners of immovable property must “adequately and in a timely manner” be informed of any decisions – governmental or otherwise – that materially affect their property.The relevant authority must inform the property owner in writing following any such decision.The legislative work of the plenary was curtailed due to the presence in the House of Representatives of visiting Egyptian President Abdel Fattah al-Sisi.The House plenary is normally held on Fridays. You May LikePopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndoLivestlyChip And Joanna’s $18M Mansion Is Perfect, But It’s The Backyard Everyone Is Talking AboutLivestlyUndoSmart Tips DailySeniors With No Life Insurance May Get A $250,000 Policy If They Do ThisSmart Tips DailyUndo Pensioner dies after crash on Paphos-Polis roadUndoCypriot tycoon launches ‘Bank of Cannabis’UndoThree arrested in connection with hotel theftsUndoby Taboolaby Taboolalast_img read more