Nagaland has undertaken an exercise to cleanse the education system of proxy teachers “appointed” by regular employees in order to avoid working out of their comfort zones.The crackdown began with the State’s Directorate of School Education ordering 16 teachers to join their places of posting in Kiphire district, bordering Myanmar, on Monday.To ensure that these teachers do not go back to their old ways of letting a substitute teach on their behalf, the directorate asked them to email their photographs with the school building in the background as well as photographs while taking classes. The directorate has sought such photos every day from November 11 to the end of the academic session this year.“The reforms in the education sector have begun in earnest with inspection of schools,” said Mmhonlumo Kikon, BJP legislator and the State government’s advisor for IT, Science and Technology. He credited the reforms to school education advisor K. Tokugha Sukhalu and the department’s principal director Shanavas C.The crackdown started from November 4 to 7 with Mr. Shanavas undertaking inspection of schools in Kiphire district. He found 16 teachers absent from their duty, but with proxies teaching on their behalf.“We don’t have data on how many proxy teachers are working but the situation is very grave. We have made a start and hope the step taken against the Kiphire teachers would send a message to other teachers who have been guilty of such unethical practice,” Mr Shanavas told The Hindu.He added that district education officials have been asked to survey the schools in their areas of operation toward purging the system of proxy teachers, many of whom are not qualified to teach.Investigations by NGOs in the past had revealed the regular teachers usually pay their proxies a fraction of their salaries while staying put at home in urban centres or villages in a different district and pursuing business or other vocations. The proxies teach in the name of the regulars.Mr. Sukhalu said the 16 teachers have been told to sign an undertaking they would henceforth be regular and not keep proxy in their place of posting. “The undertaking has to be countersigned by the head of the institute, Village Education Committee, and district education officer or sub-divisional education officer. Failure to comply with the order will invite legal action and termination of service without any further notice,” he added.On November 8, the Directorate of School Education published the names of the 16 teachers in Kiphire district who either kept proxies or were absent from duty for a long period. One of the teachers, a woman posted at Government Middle School at Zhimkiur, had “appointed” two locals as proxy teachers.
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Mumbai, May 15 (PTI) Betting big on the premium sports bike segment, Honda Motorcycle & Scooter India (HMSI) today announced the price for its soon-to-be launched 1000-cc superbike Africa Twin at Rs 12.90 lakh, ex-showroom Delhi, and also opened limited bookings.The company is planning to roll out its first 1000-cc superbike in July which will be assembled locally.HMSI said the pre-launch bookings for this adventure motorcycle is open only to first 50 orders, and a few lucky customers will get a chance to attend the grand outdoor True Adventure Africa Twin India.The popular Africa Twin will be known as Honda CRF 1000L Africa Twin in the local market and will be assembled in India. These bikes will be sold through its Wing World outlets which are available in 22 cities.YS Guleria, SVP for sales and marketing, said the Africa Twin is inseparable from the worlds toughest motor rally raids in the world–the Dakar Rally.***************************** Gulf Oil net up marginally to Rs 32 crLubricants player Gulf Oil International today reported a marginal rise in net income at Rs 32 crore for the three months to March despite an over 10 per cent rise in revenue.For the full year, post-tax profit rose 20.7 per cent to Rs 121.08 crore while revenue grew close to 12 per cent at Rs 1131 crore.The Hinduja group company claimed it managed to grow its revenue over three times the industry growth rate with an 11 per cent volume growth.It said bottomline growth was helped by an expansion of margin by 22 bps to 16.1 per cent and this was possible by sales ramp up in commercial vehicles, passenger cars and motorcycle oils.advertisement**************************** Grihashakti launches special home loan for womenFullerton India Home Finance Company, which operates under the brand Grihashakti, today launched a home loan product specially designed for women.The product, Grihalakshmi, encourages salaried and entrepreneurial women in urban and semi-urban India to help build a home for their family and create asset ownership on the basis of their income, a company statement said here.The rate of interest on these loans is competitively priced, from 9.50 per cent onwards for a housing loan and 11.50 per cent onwards for non-housing loans. The loan ticket size for Grihalakshmi will range from Rs 5 lakh to Rs 5 crore.******************************* Visa launches contactless toll payments for NHAIPayments technology firm Visa today said it has launched the countrys first proof-of-concept (PoC) to showcase open loop contactless toll payments at NHAIs Manesar toll plaza.Once commercialised, open loop payment systems (compatible with contactless cards issued by any bank or provisioned in enabled devices) could significantly reduce congestion and waiting times at toll plazas, the company said in a statement issued here.Indian Highways Management Company, set up by NHAI to carry out electronic tolling, has commissioned the deployment of the Manesar PoC (in Haryana).A key objective of the PoC is to assess the advantage of contactless payments in increasing the number of vehicles passing through the toll plaza. PTI BEN PSK RSY
The city of Cannes woke up to Deepika Padukone’s shimmering, sun-like-yellow ensemble today, and now the stunning star is welcoming the dusk in her splendid rogue-pink attire.The beautiful actress who is all braced up for her second day at Cannes Film Festival chose to keep it casual and vivacious for the press interaction sessions.Deepika’s sleevless, shift dress is the classic example of casual-yet-hot styling without trying too hard.Picture courtesy: Twitter/LOrealParisIn Also Read: Deepika Padukone shines bright like a diamond on her 2nd day at Cannes Film Festival Deepika who is known for her magnificent collection of quirky stilettos, teamed up a pair of yet another multi-coloured, studded shoes.The flattering outfit was jazzed up by her vibrant tie-ups, and she pulled it off with her innate charm–totally justifying the crazy love she is being showered with.Also Read: Not sure if you’ve noticed, but Deepika Padukone’s shoes are making our eyes popPicture courtesy: Twitter/LOrealParisIn Deepika sported the same hairdo as she had with her yellow dress, and honestly, it just looks too perfect to be true. Earlier this morning, the actress was seen relaxing in her bathrobe while munching on some delicious croissants.Picture courtesy: Twitter/LOrealParisIn From her first appearance in a red, frilly outfit at on the first day at Cannes followed by the elegant mauve dress to her majestic appearance in a sheer wine-gown at the red carpet–Deepika is setting some serious dressing parameters there.advertisementAlso Read: Deepika Padukone’s sultry, bold look for the Cannes red carpet is a total winner The world is going gaga over this diva’s flawless looks, and we can’t just help but wait with bated breath for what’s about to follow.
New Zealand middle-order batsman Ross Taylor on Tuesday said that the team needs to be prepared for all type of conditions in the upcoming World Cup and the team should possess the skills to adapt accordingly.The player also cited the Champions Trophy 2017, saying that there were not many big scores in that tournament, adding that it is the mindset that actually matters in the big tournaments.”You don’t have to go too far back to the Champions Trophy in 2017, when a lot of people talked about big scores and there weren’t a lot at that tournament. You’ve just got to be flexible, there will be times when the bowlers dominate and the batters will dominate as well. You’ve got to be prepared for anything and adapt accordingly,” International Cricket Council (ICC) quoted Taylor as saying.The 35-year-old highlighted the importance of warm-up matches before the World Cup and he even praised the format of this year’s World Cup, saying it will be more exciting playing the tournament in this format.”The game against India on the 25th (warm-up match) would be a great preparation. They are one of the stronger sides and are favourites going into the tournament. It will be good for us to go out there and have a good hit out as a team,” Taylor said.”The format, with everyone playing everybody, similar to the 1992 World Cup, is pretty exciting and a pretty fair reflection, I think. If you see at World Cups going around in all major sports, it’s more of a Pool-type scenario,” he added.advertisementNew Zealand’s 15-man squad for upcoming World Cup: Kane Williamson(c), Ross Taylor, Tom Latham (wk), Tom Blundell (wk), Mitchell Santner, Colin de Grandhomme, Lockie Ferguson, Tim Southee, Trent Boult, Colin Munro, Ish Sodhi, Henry Nicholls,Martin Guptill, Matt Henry, Jimmy Neesham.New Zealand will play warm-up games against India and West Indies on May 25 and 28 respectively, before beginning theirWorld Cup campaign against Sri Lanka in Cardiff on June 1.Also Read | MS Dhoni will be a big player in World Cup 2019: Ravi ShastriAlso Read | David Miller hopes to leave a poor IPL behind in pursuit of elusive World CupAlso See
Maruti Suzuki India sales fall for fifth consecutive month, company registers 14 per cent drop in June 2019By admin on
Maruti Suzuki India today reported a 14 per cent decline in monthly sales to 1,24,708 units during June 2019. In comparison, the figure stood at 1,44,981 units during June 2018. This is the fifth consecutive month when the country’s largest carmaker has seen its sales going down.Barring January 2019, when the sales had risen by a marginal 0.2 per cent, there has been a continuous fall. There was a decline of 0.8 per cent in February 2019, 1.6 per cent in March 2019, 17.2 per cent in April 2019 and 22 per cent in May 2019.Of the 1,24,708 units sold during June 2019, the total domestic sales accounted for 1,14,861 units, while the total export sales stood at 9,847 units. The total domestic sales also include 1,830 units sold to other OEMs.During June 2019, there was a decline of 36.2 per cent in the mini sub-segment to 18,733 units and 12.1 per cent in the compact sub-segment to 62,897 units. However, the mid-size sub-segment witnessed a 47.1 per cent jump in monthly sales to 2,322 units.The mini sub-segment includes Alto and Old WagonR. The compact sub-segment comprises of the all-new third-generation WagonR, Celerio, Ignis, Swift, Baleno and Dzire. The mid-size sub-segment has Ciaz.Coming to the utility vehicles sub-segment, there was a 7.9 per cent drop in monthly sales to 17,797 units during June 2019, while the vans sub-segment registered a 24 per cent drop in sales to 9,265 units.The utility vehicles sub-segment includes Gypsy, Ertiga, Vitara Brezza and S-Cross. The vans sub-segment has Omni and Eeco.The light commercial vehicle category of Maruti Suzuki India witnessed a 24 per cent rise in monthly sales to 2,017 units in June 2019. This section comprises of Super Carry.advertisementFor the quarter ended June 30, 2019, Maruti Suzuki India reported a 17.9 per cent loss in total sales to 4,02,594 units. The company had sold 4,90,479 units during the corresponding quarter of the previous fiscal.ALSO READ | Audi e-tron previewed in India, expected to priced around Rs 1.15 croreALSO READ | MG Hector: 5 reasons why new premium SUV may beat Tata Harrier, Mahindra XUV500, Jeep Compass, Hyundai CretaALSO READ | Jaguar Land Rover India hands over specially prepared Discovery Sport to NGO for relief operations
Transfers Arsenal hire Sanllehi from Barcelona as head of football relations to aid Wenger Goal Last updated 1 year ago 22:36 11/28/17 FacebookTwitterRedditcopy Comments(1) Getty Images Transfers Arsenal Barcelona Premier League Primera División The 48-year-old will bring an end to a lengthy period at the Catalan club to take on a role leading player negotiations with the London side Arsenal have confirmed Raul Sanllehi will join the club from Barcelona to take over as head of football relations.The 48-year-old will begin his new role leading player negotiations in February and will work alongside manager Arsene Wenger and Huss Fahmy, who was appointed contract negotiator in June.Arsenal 4/5 to beat Terriers to nil Article continues below Editors’ Picks Lyon treble & England heartbreak: The full story behind Lucy Bronze’s dramatic 2019 Liverpool v Man City is now the league’s biggest rivalry and the bitterness is growing Megan Rapinoe: Born & brilliant in the U.S.A. A Liverpool legend in the making: Behind Virgil van Dijk’s remarkable rise to world’s best player Sanllehi, who is credited with being a key role in signing Neymar, Luis Suarez and Alexis Sanchez for Barca, has spent 14 years at Camp Nou and will leave when his contract expires on December 1.His role at the Emirates Stadium will be similar to that previously held by transfer negotiator Dick Law, who formally left the club in September. “In the past three years we have supplemented our team with more top-class expertise across every aspect of our football operations,” chief executive Ivan Gazidis told the club’s website as the 48-year-old’s appointment was confirmed.”Raul’s appointment is another important step in developing the infrastructure we need at the club to take everything we do to the next level.“Raul has extensive contacts across the football world and has been directly involved in some of the biggest transfers in Europe in recent years. We look forward to him bringing that expertise to Arsenal.”Sanllehi’s appointment comes days after they named Sven Mislintat as the new head of recruitment.Mslintat, 45, spent 10 years at Borussia Dortmund and is said to have identified the likes of Robert Lewandowski, Pierre-Emerick Aubameyang and Shinji Kagawa.
I love lamp.The newest light offering by L.A. design studio MASSESS manifests in the shape of a simple archer’s bow, but is far from basic. Cordless and seemingly bulb-less, Bo ($250) is a brilliant practice in deconstructed minimalism.Installed on the wall of your apartment, it can even make your framed Derek Jeter jersey look sophisticated. (No disrespect to Mr. November.)MASSESS achieved its design goal of deconstructed minimalism by stripping away elements and materials to give space to what remains. For Bo, that is a solid oak arch reminiscent of an archer’s bow, kept tense by a bronze braided wire that acts as a touch-activated light control.Lightly touch the wire to illuminate LEDs embedded into Bo’s oak spine, which diffuses light outward in a warm glow.Designers at MASSESS said during the creation of Bo, they allowed the materials to guide its process, whereas traditionally designers sketch a product and source materials to fit its shape and purpose.Bo ups its minimalist points by being explicitly cultureless (a main principle in the design aesthetic). It also pulls on the element of dislocation, as we quickly notice the shape of the light and its association to a bow and arrow, however the item now functions outside of the surroundings we might expect to see it.If Bo is already Incepting your mind, join the club.Its designers added that Bo is, “An approach to rediscover the beauty that arises from a deep understanding of the limitations in materials and processes… Yielding products that encapsulate not only form, but also physical forces.”I guess the main point is, Bo’s not just a lamp. It’s part sculpture and part lighting solution that is stunning both in its functionality and presentation. (I guarantee you won’t be able to look at your normal lamps the same way anymore.)Available in Ebony or natural finished Oak, Bo offers us a chance to dabble in hardcore minimalism, adding breadth and contemplation to our living area without going balls-to-the-wall and swearing to live with less than 100 things.It’s the perfect choice for a space that needs to feel larger and less cluttered, and isn’t too strong of a design choice that you can’t use other styles like industrial lighting in other rooms.Each fixture is handmade in-house at MASSES, where the designer’s obsessively detailed craftsmanship makes just another lamp into a timeless sculpture. And for those of us who have a hard time rationalizing the purchase of art (not to mention the excessive cost), you can kill two birds with Bo and get a masterpiece and a daily essential. The Best New Men’s Grooming Brands You Need to Know About How to Shave With a Straight Razor How to Cultivate Mid-Century Modern Style in Your Own Home Editors’ Recommendations A Soaring Roof Defines This Paradise of an Arizona Desert Dwelling How to Change a Light Fixture Without Getting Shocked
“We are committing $1.5 million per school to instal ramps for this year. A budget of $50 million has been earmarked from our Ministry, and we are looking forward to corporate Jamaica to complement that with their $50 million,” he said. Story Highlights Minister of Education, Youth and Information, Senator the Hon. Ruel Reid, is calling on corporate entities to match the $50-million allocation by the Government to equip public schools with wheelchair ramps. Work will get under way at the St Ann’s Bay Infant School in St. Ann on Labour Day, May 23, which is being observed under the theme ‘Ramp it up… Fix it up’. Minister of Education, Youth and Information, Senator the Hon. Ruel Reid, is calling on corporate entities to match the $50-million allocation by the Government to equip public schools with wheelchair ramps.An initial 126 institutions, two in each of the island’s 63 constituencies, are being targeted under the ‘Ramps for Schools’ project.Work will get under way at the St Ann’s Bay Infant School in St. Ann on Labour Day, May 23, which is being observed under the theme ‘Ramp it up… Fix it up’.“We are committing $1.5 million per school to instal ramps for this year. A budget of $50 million has been earmarked from our Ministry, and we are looking forward to corporate Jamaica to complement that with their $50 million,” he said.Minister Reid was bringing greetings at the National Workers’ Week and Labour Day Thanksgiving Church Service held on Sunday (May 20) at the Portmore Holiness Christian Church, Hellshire Main Road, Portmore.Of the island’s 971 public infant, primary and high schools and over 2,900 early-childhood institutions, only about 138 primary and high schools have been fitted with ramps.Senator Reid said that the ‘Ramps for Schools’ project will run for an initial one year after Labour Day and will continue until “all schools are fully equipped and provide enabled access to all our vulnerable population”.“That means we have a lot of work to do because we have to get all of these institutions retrofitted, including bathroom facilities to ensure that they are fully accessible to our physically challenged,” he said.“The aim is to target organisations to support the remaining schools,” he added.Minister Reid said the theme for Labour Day is timely, and lauded the decision taken by the National Labour Day Planning Committee to focus on the most vulnerable.“There can be no invisible people if we are truly serious about furthering the development of workers’ rights. Each and every one has to be equally protected under the law. Protection of the most vulnerable also means equal access to services and opportunities,” he said.
zoom Although the new revenue standard IFRS 15, set to come into force from January 1, 2018, will have a limited impact on the shipping industry, “it can’t be entirely ignored,” shipping consultant Moore Stephens said.The new accounting standard, Revenue from Contracts with Customers, excludes revenues under leasing contracts, so income from bareboat charters and the asset element of time charters will be unaffected. Rather, the effect will be on the service element of time charters and on voyage charters.The key change is one of approach. Current practice looks at revenue recognition by reference to what is being done by the seller, while the new standard looks at what is being received by the buyer.Moore Stephens informed that there are various bases currently used for voyage accounting, most commonly discharge-to-discharge.“That makes sense when looked at in terms of what the shipping company is doing, but not if we look at what the charterer is receiving. Voyage accounting is expected to move to a load-to-discharge basis, since that reflects the period over which the charterer is obtaining benefit.”That leaves the question of the accounting treatment of relocation costs, such as a ballast leg. Such costs can be carried forward prior to load if they relate directly to a contract; generate or enhance resources to be used in meeting obligations under the contract; and if they are expected to be recovered.“Where costs are carried forward, they will be written off over the period of the next voyage. The criteria will often be met, although care will need to be taken to ensure that general and administrative overheads are not included. The final criterion also means costs cannot be carried forward where the charter is expected to result in a loss,” Moore Stephens said.So compared to current practice, revenue will start to be recognised a little later, and for fewer days each year. On those days when revenue is recognised, the amounts will, of course, be higher. The change in total revenue, and profit, will arise only in relation to those voyages, or periods of relocation, which straddle the end of a year. This will also effect key performance measures, such as Time Charter Equivalents (TCE).
Kolkata: A youth was beaten up badly by a lawyer for allegedly stealing a pigeon from his house. When the youth’s grandmother tried to protect him, she was also allegedly beaten up. The incident recently took place at Betai Bazaar at Tehatta in Nadia.According to sources, approximately two months ago, the lawyer identified as Gobinda Biswas started keeping pigeons as pets on the roof of his house. After a few days, his wife noticed a youth identified as Nayan Chowdhuri was stealing his pigeons. She immediately informed Biswas and who tried to nab Chowdhuri by giving him a chase but failed. Also Read – Centuries-old Durga Pujas continue to be hit among revellersAfter a few days of the incident, Biswas went to Chowdhiri’s house with a few people. As per the plan, a few days a kangaroo court was organised at Biswas’s house. During an argument, Biswas lost his temper and started beating Chowdhuri with a stick. Someone from the crowd recorded a video of the incident and uploaded it on social media.It is alleged that despite Chowdhuri apologised for his mistake Biswas did not stop beating him. On the contrary, when Chowdhuri’s grandmother tried to protect him by shielding him Biswas did not spare her. Later on Saturday, Chowdhuri’s family members lodged a complaint against Biswas at Tehatta police station but till Sunday he was not arrested. After the video went viral, Biswas on Sunday apologised for his act in a TV channel. Sources informed Chowdhuri’s father was a labourer and lived outside Bengal for work.
OTTAWA – Parliament’s spending watchdog urged the federal government to come clean Thursday on billions of dollars’ worth of expenditure outlined in last month’s budget that includes little or no explanation — be it on infrastructure, programs for Canadians or the military.The Liberal government’s third budget, tabled late last month, showed billions in planned infrastructure spending was being shifted to future years. The document also showed declines in program spending totalling about $16 billion over six years, thereby reducing the government’s bottom line.The Liberals provided the Office of the Parliamentary Budget Officer with information to explain why the government believed annual spending would drop by an average of $2.7 billion — but only on the condition that Jean-Denis Frechette’s office not release the details.The PBO received no explanation for why the spending information for some departments and Crown corporations couldn’t be shared with taxpayers — a condition that stands at odds with other work the Liberals have done to help parliamentarians keep better account of government spending.“Those improvements are there, but in certain areas they are still hesitant to provide more detailed information. What I don’t understand is why,” said Mostafa Askari, the deputy parliamentary budget officer.“When I look at that information (about the $16 billion), there’s nothing there that should be confidential.”Finance Minister Bill Morneau’s department said some of the information was still subject to government approval, or contained other details not yet approved for public release. A spokesman for the department insisted the budget included a “clear explanation” for budget changes and “unprecedented detail” about spending as part of ongoing efforts to improve transparency.Thursday’s report casts a critical eye on the budget just days before MPs return to the House of Commons after a two-week break and in the midst of a push to complete funding deals with provinces and territories for $33-billion worth of infrastructure money.The Liberals have repeatedly been forced to defend the slower-than-expected pace of that spending.The distribution of infrastructure funds is often delayed, since dollars don’t flow to projects until cities and provinces submit expense receipts, creating a lag between when work takes place and when federal money gets spent.Frechette asked the Liberals for a revised plan on how the federal government will spend $186.7 billion in infrastructure money over the next 12 years, since the budget indicated that about one-quarter of planned spending between 2016 and 2019 was being moved to future years. As a result, spending drops now, but goes up later, Askari said.That plan doesn’t yet exist, but the government plans to provide more information beyond what was in last month’s budget, the PBO noted. Frechette called the budget details an incomplete account of $91.1 billion in existing spending.Infrastructure Minister Amarjeet Sohi said the majority of approved projects are underway and the government is finalizing plans to provide more details about spending across multiple departments.“We’re hopeful that will deal with some of the concerns that the parliamentary budget office has identified,” Sohi said Thursday from Fredericton, N.B., where he signed a deal to provide the province with more than $673 million over 10 years.Conservative infrastructure critic Michael Chong said the PBO report shows the Liberals are not living up to their promise to fix roads and bridges and reduce congestion in urban centres. He said the government’s plans lacked details.“Not only is there a lack of detail, the plans keep changing,” said Chong, who described how spending projections have changed multiple times.NDP infrastructure critic Brigitte Sansoucy said the Liberals must explain how they plan to avoid further spending delays: “People across the country expect to have a full and up-to-date account of the government’s $186.7-billion investment plan.”Askari said the budget also doesn’t provide details on a 20-year spending pledge for the military. Last year, the government promised to spend $62 billion more over the next two decades for a major expansion of the Canadian Armed Forces, with much of the money only flowing after next year’s federal election.— Follow @jpress on Twitter
In today’s Big Story podcast, when you think of the great women of country music, names like Shania, Loretta, and Dolly probably come to mind. But turn on any country music radio station today, and you’ll no doubt notice men getting way more airtime than women. A new report by Dr. Jada Watson (done in consultation with WOMAN Nashville) finds that from the start of the millennium to the year 2018, representation of women on country radio dropped roughly 20 per cent. Why is this? And what impact is it having on female artists? On the industry as a whole?Country music fan Sarah Boesveld guest hosts this week of The Big Story. She spoke with Dr. Watson about how deep this issue runs, what’s being done, and what more can be done to close the gender gap.Guest: Dr. Jada Watson, SongData ProjectGuest host: Sarah BoesveldAudio Playerhttps://media.blubrry.com/thebigstory/s/chtbl.com/track/G9G45/rogers-aod.leanstream.co/rogers/thebigstory_dai/tbs_07292019_dai.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.You can subscribe to The Big Story podcast on Apple Podcasts, Google and Spotify.You can also find it at thebigstorypodcast.ca.
Charlotte Morritt-Jacobs APTN NewsFor students in the north, being able to get a degree while staying close to home and their own culture is a win-win situation.And the fact that land-based education is becoming more recognized by Canadian universities is a plus.APTN’s Charlotte Morritt-Jacobs talks to one student about being on the land and getting an education at the same email@example.com@aptncharlotte
Mumbai/ New Delhi: State Bank of India (SBI) Monday invited bids from strategic as well as financial bidders for stake sale in ailing Jet Airways. SBI, which is the lead lender of a consortium of domestic lenders that has extended loans to Jet Airways, is looking for “change in control and management” of the carrier, according to a public notice. SBI Capital Markets would be assisting and advising the lenders on the bid process. The bids have to be submitted by April 10. Also Read – Thermal coal import may surpass 200 MT this fiscalThe lenders’ consortium has taken control of the airline under a debt recast plan. Under the debt resolution plan approved by the Jet Airways’ board on March 25, lenders have taken a majority stake in the airline and are set to infuse Rs 1,500 crore. Besides, the carrier’s founder and promoter Naresh Goyal as well as his wife Anita Goyal quit the board. The shareholding of Goyals has come down to 25 per cent from 51 per cent earlier. As per the advertisement, the airline has availed various credit facilities aggregating over Rs 8,000 from a consortium of domestic lenders led by SBI. The company has subsequently come under stress and not been able to service its debt obligations in relation to the facilities. Also Read – Food grain output seen at 140.57 mt in current fiscal on monsoon boostAcute financial crunch has forced the airline to ground aircraft, cancel flights and delay payment of salaries, including to pilots. The consortium has proposed to offer at least 3.54 crore shares of the airline comprising 31.2 per cent of equity share capital of the company and up to a maximum of 8.51 crore shares comprising 75 per cent on fully diluted basis subject to approval, it said. “Bidders shall bear all costs associated with the preparation and submission of the EOI. The lenders or authorised representative shall not, under any circumstances be responsible or liable for any such costs in this regard, whether direct, incidental or consequential,” it added. It further said that the bidders can be strategic investors (SIs) and/ or financial investors (FIs). “SIs may include body corporates having experience in similar sectors with domestic or global experience or both. FIs may include private equity funds, investment funds etc,” it said. SIs should have a minimum three years of experience in commercial aviation business. In the event the bidder is a consortium, it should consist of not more than three members with shareholding of an individual member not being less than 15 per cent and should also have a lead member. Last week, the lenders said they would pursue resolution plan for the carrier in a time-bound manner under the present legal and regulatory framework. “The lenders are cognisant that the outcome of efforts of the lenders will depend on the interest shown by the parties on sale of stake in the company,” the statement issued by lenders had said.
Home prices rise in most major US cities for first time since last August by News Staff Posted May 29, 2012 10:59 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email WASHINGTON – Home prices rose in March from February in most major U.S. cities for the first time in seven months. The increase is the latest evidence of a slow recovery taking shape in the housing market.The Standard & Poor’s/Case-Shiller home price index shows that prices rose in 12 of the 20 cities it tracks.Three of the weakest markets showed signs of improvement. Prices rose in Tampa and Miami. They were unchanged in Las Vegas.The biggest month-to-month increases occurred in Phoenix, Seattle and Dallas. Prices dropped the most in Detroit, Chicago and Atlanta.Rising prices in most cities add to other encouraging signs of a housing rebound. Sales are up, mortgage rates are at historic lows, builders are more confident and the economy is adding jobs.Still, even though 12 of 20 cities showed gains, the weaker cities weighed on Case-Shiller’s overall price index in March. The index edged down to its lowest level since the housing bubble burst.At the same time, price declines have slowed, and a majority of markets are rising.“This is relatively good news,” said David Blitzer, chairman of S&P’s index committee. “We just need to see it happen in more of the cities and for many months in a row.”In part, the increases reflect the start of the spring selling season. The month-to-month prices aren’t adjusted for seasonal factors.The S&P/Case-Shiller monthly index covers roughly half of U.S. homes. It measures prices compared with those in January 2000 and creates a three-month moving average. The March figures are the latest available.Over the past 12 months, prices have dropped nationally. But the declines have slowed. The 20-city index was 2.6 per cent lower in March than in the same month last year. That’s better than the 3.5 per cent year-over-year drop in February. And it’s the smallest annual drop since December 2010Other measures of home prices have also improved. But the S&P/Case-Shiller index uses a three-month moving average that could take longer to signal greater improvement.“It might be the last of the closely followed home price figures to reflect a turning point,” said Jonathan Basile, an economist at Credit Suisse.In April, sales of both previously occupied homes and new homes rose near two-year highs. Builders are gaining more confidence in the market. They’re breaking ground on more homes and requesting more permits to build single-family homes later this year.Long-term mortgage rates have never been lower. The average rate on the 30-year fixed mortgage fell to 3.78 per cent last week, the lowest since long-term rates began in the 1950s.The pace of home sales remains well below healthy levels. Economists say it could be years before the market is fully healed.Many people are having difficulty qualifying for loans. Or they can’t afford larger down payments required by banks. Some would-be buyers are holding off because they fear prices could keep falling.A better job market has made more people at least open to buying. Employers have added 1 million jobs in the past five months, though the gains slowed in April and March. The unemployment has dropped a full percentage point since August, from 9.1 per cent to 8.1 per cent in April.Economists estimate that employers will have added 160,000 jobs this month. The government will issue the May jobs report on Friday.
“Should we realize all 17 Goals, we will transform our world for the betterment of humankind. We must ensure that the remarkable spirit of cooperation displayed during the negotiation process is maintained as we work to turn these ambitious Goals into reality,” she told the annual General Debate. She also called for the collective participation of all countries in the combat against climate change, saying the phenomenon is a challenge for all nations, and decisive action is required to affectively address it. “We will only succeed in reducing global emissions if there is engagement by the entire UN membership,” said Ms. Bishop. “Australia has announced a strong, responsible and achievable post-2020 contribution to international climate action. We are committed to ensuring the UN Climate Conference in Paris is the platform needed to secure a collective approach to the 2 degree goal,” she added. As for her country’s contribution to meeting Goal 5 of the SDGs, she said Australia has established a $50 million fund to accelerate support for gender equality in development programmes it delivers in the Indo-Pacific. “We must step up the fight against the global scourge of violence against women and girls,” she stressed.Regarding the Europe refugee crisis, Ms. Bishop commended the neighbouring countries to war-torn Syria and Iraq and pledge Australian support in terms of humanitarian assistance.“The humanitarian consequences of the conflicts in Syria and Iraq are devastating. I commend neighbouring countries – Jordan, Lebanon and Turkey – which continue to bear the brunt of the population of displaced persons.” She said that Australia has provided $230 million in humanitarian assistance since the start of the conflicts. The massive flows of displaced people across the Middle East and into Europe have stretched response capacities to breaking point. In this environment, people smugglers will strive to prosper from their dangerous and criminal trade, she added.Julie Bishop is among the many leaders who will address the general debate of 70th General Assembly which opened this year with the adoption of Agenda 2030 and 17 Sustainable Development Goals. Made up of all the 193 Member States of the UN, the Assembly provides a forum for multilateral discussion of international issues covered by the UN Charter.
Police said they were alerted to reports of criminal damage to four buildings on Tuesday morning and officers were investigating.It comes after a self-styled ‘grammar vigilante’ revealed that he had spent years changing offending shop signs in the dead of night in Bristol. Last night, residents in Cambridge said they believed the Latin graffiti “reflects the mood” of the area. A 71-year-old retired biochemist, who lives in the city but asked not to be named, said: “The sentiment is perfectly correct but the act of execution is not what you want to see about. The newly-built luxury homes in Cambridge Credit:@RTaylorUK The graffiti reflects a mood in the area about that particular developmentResident Paula Champion She added: “The graffiti reflects a mood in the area about that particular development. They are just massive houses and no one locally would be able to afford them.”Dr Charles Weiss, from Cambridge University’s Faculty of Classics, translated the slogan as “a place for homes equals places for people”. He believes it might be ‘pidgin Latin’, a modern take on the ancient language. Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily Front Page newsletter and new audio briefings. Residents said they believed the graffiti reflected the mood of the areaCredit:@RTaylorUK Latin graffiti has been daubed across several luxury houses in Cambridge amid suggestions locals are unhappy with the development. The words “Loci Populum!” and “Locus in Domos” were painted in large letters across the front and sides of the houses in Water Street, in Chesterton, which cost more than £1.2million each. The Latin phrases translate online as “local people” and “place of homes”. Mary Beard, a Cambridge University professor of classics, told the BBC: “This is a bit hard to translate, but I think what they’re trying to say is that a lovely place has been turned into houses.” Other phrases daubed on to the buildings include “We [heart] our home” and the symbols for dollars, euros and Japanese yen, followed by the phrase “go away”.The six houses, which were built on the site of a pub, have gone on the market at a price of £1.25 million each.”House prices are a massive problem in Cambridge,” said Richard Taylor, a resident who has been “campaigning and commenting” on the development and related issues since it began.The average house price in Cambridge is about £500,000 – at least 12 times the average salary for the area.”We’ve got incredibly rich people living one street away from incredibly poor people,” Mr Taylor said. “Clearly somebody is protesting against these houses.”A spokesman for the developer, HC Moss (Builders) Ltd, said: “We have been made aware of the incident of criminal damage at our Water Street development and are taking steps to remove the graffiti.”This appears to be an isolated incident and it has been reported to the police who are investigating. We will be reviewing our current security measures at the location.” “I would be very surprised if it wasn’t done by a Cambridge-educated activist. I could think of a few people in Cambridge who would have both the knowledge of Latin and the sentiments and the will to do it.”Resident Paula Champion added: “Everyone passing thinks it’s great… I think people think what’s written is funny because it’s on millionaires’ houses – basically it’s a comeuppance.”
Traditionally this has been done by offering bursaries and fee discounts to children from disadvantaged families. However, many private schools now enter into partnerships with local state schools, which can include sharing teachers in specialist subjects or opening up their sports facilities. Private schools have been told to share teachers with local state schools, amid mounting pressure on them to justify their charitable status.The Department for Education (DfE) published new guidance on ways in which fee-paying schools should collaborate with their neighbouring state schools.Independent schools could allow state educated pupils to join their classes in subjects such as languages and Classics, it suggests. Private schools could also share facilities such as science laboratories with nearby state schools, it adds, while teachers from fee-paying institutions could share lesson plans and resources.The new guidance comes against a backdrop of growing pressure on the country’s most prestigious private schools to step up their efforts to help less well-off pupils.–– ADVERTISEMENT ––Three quarters of independent schools in England are registered as charities, earning them favourable business rates and VAT exemptions on fees.To qualify as a charity they must demonstrate that they provide “public benefit” to a reasonably wide section of the public, rather than to a narrow group of wealthy individuals. Julie Robinson, general secretary of the Independent Schools Council, said: “The vast majority of independent schools have established partnership projects with state schools, at varying levels according to their capacity, for the benefit of all involved.”Through partnership work, we encourage all schools to continue supporting teacher training opportunities, sharing governance expertise and enriching the curriculum so that more children can thrive.”State schools are encouraged to sign a “memorandum of understanding” with their private school counterpart, where they enter into a formal agreement about their commitments. The DfE guidance also encourages universities to help struggling local state schools by for example, mentoring pupils who want to progress into higher education or training teachers. Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily Front Page newsletter and new audio briefings. Last month, the Education Secretary told private schools to open up their swimming pools to local primaries as part of a new Government plan to boost swimming lessons.Damian Hinds called on private schools to help children from neighbouring state primaries learn to swim by allowing them to use their sports facilities.Just over half of private schools already share their facilities with other schools, as well as some offering coaches to local primary schools. Lord Agnew, the schools minister, said: “When organisations across the education sector work together the positive impact on pupils can be huge – raising aspirations and unlocking young people’s potential. So much good work already goes on but I want to see more of it.”Ministers have backed down on proposals to scrap the charitable status of private schools that do not help out their state-school neighbours.A schools green paper and the Conservative election manifesto said that independent schools would be required to sponsor academies, forge formal partnerships with state schools or offer a significant number of bursaries to poorer children to retain their tax status.However, the plan has been quietly dropped and the DfE has since set up a new unit to facilitate partnerships between state and private schools.
Facebook Twitter: @NeosKosmos Instagram The number of teenagers who have taken up smoking, drinking alcohol and experimenting with drugs has increased in the past five years, according to a new study by the Athens-based University Research Institute for Mental Health. The study showed a substantial rise since 2006 of youth taking up the bad habits. Two in five Greeks under the age of 15 claim to have smoked at least once, with one in three admitting to drinking alcohol and 7.2 per cent of those surveyed saying they had tried cannabis, which was significantly higher than 2006’s survey results which showed only 3.7 per cent had tried it. Of the youth surveyed, 42 per cent had smoked at least once in their lives, with one in 10 admitting to smoking around six cigarettes a day. One in three admitted to drinking alcohol at least once a week. Source: Kathimerini