Sebi wants 10 mandatory deposit before appeals at SAT against its orders

first_imgNew Delhi: With an aim to check frivolous appeals against its orders with the sole aim of delaying their execution, capital market regulator Sebi is seeking a mandatory deposit of 10 per cent of the penalty amount before filing of any appeal before the appellate tribunal. The Securities and Exchange Board of India (Sebi) has sought an amendment to the Sebi Act to provide for a “pre-deposit” by any entity seeking to challenge its order relating to a monetary penalty or orders relating to refund, recovery, disgorgement and compounding, officials said. Also Read – SC declines Oil Min request to stay sharing of documentsThe regulator is of the view that many a times provision to file an appeal before the Securities Appellate Tribunal (SAT) is used as a device to delay the execution of the Sebi order. “To curb such a practice, a new provision of pre-deposit needs to be inserted in the section of the Sebi Act that allows filing of appeal before the SAT against orders involving quantifiable money as a penalty, refund, recovery, disgorgement or impounding,” an official said. Also Read – World suffering ‘synchronized slowdown’, says new IMF chiefSebi feels that such measures would help avoid frivolous appeals and expedite disposal of the statutory appeals, the official said, while pointing out that similar provisions are there in other legislations like the Central Excise Act, the Income Tax Act, the Securitisation and Reconstructrion of Financial Assets and Enforcement of Securities Interest Act. The Finance Ministry is also in agreement with the proposal, which has been approved by the Sebi’s board, the officials said. According to the new proposal, no appeal should be admitted against an order of Sebi relating to any monetary penalty, refunds, recovery, disgorgement or impounding, unless the appellant deposits with the SAT at least 10 per cent of the corresponding amount at the time of filing the appeal. The proposal also seeks to provide that in any particular case where the SAT is of the opinion that a pre-deposit would cause hardship to the appellant, the tribunal can dispense with or reduce such a deposit, subject to necessary conditions that can be imposed to safeguard the interest of the investors. According to the latest data, as many as 340 appeals were filed against Sebi orders before the SAT during 2017-18. During the year, a total of 306 appeals were dismissed in favour of Sebi, while 17 were allowed or ruled against the regulator. There were 223 appeals pending with the SAT as on March 31, 2018. Against the SAT’s orders, Sebi filed 13 appeals before the Supreme Court during 2017-18, while 42 appeals were filed by other parties before the apex court.last_img read more

Cap personal income tax rate at 25 to boost demand India Inc

first_imgNew Delhi: The maximum personal income tax rate in the country should move towards 25 per cent to increase disposable income, thereby boosting demand in the economy, the PHD Chamber of Commerce and Industry (PHDCCI) said Wednesday.The industry body, in a statement, said liquidity infusion, job creation and low cost export finance would be crucial at this juncture to revitalise the economy and accelerate it to a higher growth trajectory. The maximum personal income tax rate presently stands at 30 per cent. Also Read – SC declines Oil Min request to stay sharing of documentsThe government must expedite liquidity infusion through gradual reduction in CRR from the current level of 4 per cent to 2 per cent and in SLR from 19 per cent to 15 per cent, PHDCCI President Talwar said. Cash Reserve Ratio (CRR) is the portion of the deposits which banks are required to park with the RBI, whereas SLR or Statutory Liquidity Ratio is the portion of funds which banks are required to park in treasury bills and other instruments. Also Read – World suffering ‘synchronized slowdown’, says new IMF chiefWe appreciate the recent cut in repo rate by 25 bps and expect that the repo rate would be reduced by 125 bps gradually from the current level of 5.75 per cent to 4.5 per cent in the coming quarters, Talwar said. The transmission of policy rate cut by the banking sector in terms of reduced lending rates would be crucial to boost liquidity and induce demand in the country, he added. Besides, he said, creation of jobs in the economy would require structural reforms in the labour laws. The low hanging fruit at this juncture is to promote labour intensive manufacturing by enacting law for fixed term employment in all sectors and making the labour laws simpler by converting 44 labour laws into 4 labour codes, Talwar said. In a separate statement, Assocham Deputy Secretary General Col Saurabh Sanyal said labour and land reforms would go a long way in attracting new investment not only from within the country but also overseas. “Given a huge political capital at his command, Prime Minister Narendra Modi would be able to bring in these reforms with a wide political support as also goodwill from other key stakeholders. “Such reforms would send a very positive message across the world about India unleashing an investor-friendly regime, making the country the best bet among the emerging markets,” Sanyal said.last_img read more

Husband arrested for wifes murder

first_imgNEW DELHI: The Delhi Police have arrested 26-year-old man, Nikhil Singh, for the murder of his wife along with his brother and mother in Paschim Vihar in West Delhi.On interrogation, the accused persons disclosed that the deceased, Sarita, was previously married and had a daughter aged 3 years. Around 6 months ago, she came in contact with Nikhil Singh (accused) and both fell in love. They got married and started residing together in Sultan Puri, Delhi. Later, they separated from their families and started living in the locality of Laxmi Park, Nihal Vihar, Delhi. Also Read – Kejriwal ‘denied political clearance’ to attend climate meet in DenmarkIn the night of May 14, a quarrel took place between Singh and Sarita. After heated arguments accused Singh strangulated Sarita to death. Then, he called his brother Varun and mother Geeta Devi. The latter reached there on a silver coloured Honda Activa. The dead body was packed in a red coloured bag and carried on Honda Activa and dumped in the waste drain near Jwala Puri, Delhi. The body of the deceased was found the next day and police was informed.last_img read more

Govt committed to saving land from getting degraded Javadekar

first_imgNew Delhi: Acknowledging that 29.3 per cent of land in India was affected by degradation, Union Minister Prakash Javadekar on Monday said his ministry was committed to saving it with all necessary contributions in the matter and shall lead by example in combating the crisis.He also announced India will host the 14th session of the Conference of the Parties or COP 14 to the United Nations Convention to Combat Desertification (UNCCD) in September to address the issues of land degradation and desertification. At an event held to mark ‘World Day to Combat Desertification and Drought’, Javadekar said, “There is crisis in the world that the land, once fertile, is not fertile anymore. Where there used to be forest, now it is not. We are discussing degradation of land. Under the leadership of Prime Minister Narendra Modi, we have direction, hope and promise to save the land from degradation.” Also Read – Cong may promise farm loan waiver in Haryana”India will lead by example and cooperate with the world. We will make all necessary contributions in the matter,” Javadekar said. The minister unveiled the logo of COP 14 designed by Aayush Naresh Kumar from Meerut, which was selected by the ministry through a contest. The environment ministry had held a contest inviting all citizens to design and send their ideas for the COP 14 logo. Environment Secretary C K Mishra, who also attended the event, said the issue of land degradation was critical and the country was left with less fertile land.last_img read more

Ola invests in Avail Finance to build financial solutions for driverpartners

first_imgNew Delhi: Cab aggregator Ola has a signed strategic partnership with online lending startup Avail Finance under which both companies will build financial solutions for 1.5 million driver-partners of the ride-hailing firm. As part of the tie-up, Ola has invested an undisclosed sum in Avail Finance. Earlier this month, Avail had announced raising USD 9 million funding led by Matrix Partners India. “Avail Finance has entered into a strategic partnership with Ola to build financial solutions for its base of 1.5 million driver-partners. As part of this partnership, Ola will be making a strategic investment in Avail Finance in its series A round of funding,” Avail said in a statement on Friday. Also Read – Maruti cuts production for 8th straight month in Sep Ola’s investment – which is part of Avail’s series A round – is in addition to the USD 9 million announced already. It, however, did not disclose the quantum of investment made. Avail aims to build customised financial solutions for Ola, including micro-savings and micro-insurance products for the Bengaluru-based company’s driver-partners, the statement said . “We already have close to a million registered users through our various offerings and have processed requests of over USD 50 million. This strategic partnership will further help us expand our offerings to a large, growing base of users with very unique needs,” Avail Finance founder Ankush Aggarwal said. Also Read – Ensure strict implementation on ban of import of e-cigarettes: revenue to Customs Avail’s portfolio of new-age financial solutions are very relevant for Ola’s large and growing base of driver-partners, Ola Chief Operating Officer Puneet Bhirani said. “We are constantly looking at ways to enhance their quality of life and we see this partnership with Avail, helping our partners with access to financial offerings that are tailored to their needs,” he said. Avail Finance provides unsecured online loans, amongst other financial solutions, to blue-collared workforce of India. Its offerings serve users across food-tech, logistics and staffing majors including Swiggy, Ecom Express and Quess Corp, among others, the statement said.last_img read more

Man accused in snatching case jumps to death from fifth floor of

first_imgNEW DELHI: An accused in a snatching case committed suicide by jumping from the fifth floor of the Saket court complex here when he was being produced in court on Tuesday. The incident occurred at 4.30 pm.The incident came to light when a police officer posted with Sunlight Colony police station informed the Police Control Room (PCR) that a man accused of snatching had jumped from the fifth floor in the Saket court premises while in police custody. “The deceased was identified as Tayyab who was a resident of Shahdara. He was later taken to a nearby hospital where he was declared brought dead. He had been arrested in a snatching case in South Delhi,” Deputy Commissioner of Police South district, Vijay Kumar said.last_img read more

In video message Al Qaeda chief threatens India over Kashmir

first_imgNew Delhi: Terror group Al Qaeda’s Chief, Ayman al-Zawahiri, has told “Mujahideen in Kashmir” to inflict “unrelenting blows” on the Indian Army and government in Jammu and Kashmir in a message released by the outfit’s media wing, as per the Foundation for Defence of Democracies’ (FDD) Long War Journal. He also brought to light Pakistan’s involvement in fuelling cross-border terrorism in Kashmir in the message titled “Don’t Forget Kashmir,” released by As Shabab. Also Read – IAF Day: Tributes paid to soldiers killed in line of duty in Jammu Thomas Joscelyn, in his article for the journal, wrote that Al Qaeda has been grooming an upstart group to wage jihad against the Indian forces in Kashmir. “(I am)of the view that the Mujahideen in Kashmir- at this stage at least- should single-mindedly focus on inflicting unrelenting blows on the Indian Army and government, so as to bleed the Indian economy and make India suffer sustained losses in manpower and equipment,” Zawahiri said. Also Read – ED can withhold names of tax evaders in Panama Papers: CICWhile Zawahiri did not explicitly mention deceased terrorist Zakir Musa, a picture of the dead Ansar Ghazwat-ul-Hind’s (AGH) founder flashed on the screen as the terror outfit’s chief spoke on Kashmir. Joscelyn speculated that Zawahiri and al-Qaeda’s Kashmir cell, AGH, are coordinating their messages as he drew similarities between the terror outfit chief’s message and a speech given by Musa’s successor, Abdul Hameed Lelhari, recently. While both Musa and Lelhari admitted to Pakistan’s role in training Kashmiri jihadists, they cautioned that the ” Pakistanis are not trustworthy.” Zawahiri called both the Pakistani Army and government as “toadies of America” in his message. He claimed that Pakistan prevented the “Arab Mujahideen” from “head[ing] to Kashmir after expelling the Russians from Afghanistan,” — which was countered by the author by quoting the 9/11 Commission. Joscelyn stated that the United States had learned of the presence of Pakistan’s military intelligence service at one of al Qaeda’s camps in Afghanistan, which was struck in retaliation for the August 1998 US Embassy bombings. The Pakistanis were training Kashmiri jihadists at the camp, according to the author. The writer also highlighted the “double-game” played by Pakistan after the gruesome 9/11 terror attacks in the US. While Pakistan did conduct counter-terrorism operations against Al Qaeda following the 2001 attacks, it also harboured the Taliban’s senior leadership, including members of the al Qaeda-allied Haqqani Network. “All the Pakistani Army and government are interested in is exploiting the mujahideen for specific political objectives, only to dump or persecute them later,” Zawahiri claimed, highlighting Pakistan’s role while casting them in a negative light. Pakistan’s “conflict with India is essentially a secular rivalry over borders managed by the American intelligence,” the terror outfit’s chief further alleged. In his message, Zawahiri also claimed that the “fight in Kashmir” is not a separate conflict but instead is part of the worldwide Muslim community’s jihad against a vast array of forces. He further called on “unnamed” scholars to spread this point. “You (the scholars) must clearly state that supporting the jihad in Kashmir, the Philippines, Chechnya, Central Asia, Iraq, Syria, the Arabian Peninsula, Somalia, the Islamic Maghreb and Turkistan is an individual obligation on all Muslims, until sufficient strength is achieved to expel the disbelieving occupier from Muslim lands,” he said. Zawahiri also told his terrorists not to target “mosques, markets, and gathering places of Muslims” in Kashmir during his message. Even though the Al Qaeda has attacked several locations which have claimed the lives of innocent Muslim civilians, amongst others, the terror outfit’s chief claimed that “absence of sharia guidelines,” could turn the mujahideen into “murderers.” He also claimed that the terror outfit’s “Jihad against America in Afghanistan” is an “individual obligation” of all Muslims. “Esteemed scholars! It is your duty to preach to the Ummah that the Jihad against America in Afghanistan today is an individual obligation (fard ayn), just as the jihad against Russia was three decades earlier,” Zawahiri said. “Clarify to the people that we are a single ummah, and our jihad is one jihad,” he added. The terror chief also told the scholars to explain that “support of the Islamic Emirate in Afghanistan is an individual obligation on the people of Afghanistan and those in their proximity, and after them on all Muslims, until sufficient strength is achieved to defeat America, its allies, and its agents,” as per the article on the journal’s website. (With inputs from Hindustan Times)last_img read more

Missing Indian mans body found after massive search

first_imgMelbourne: The body of a 21-year-old Indian student in Australia who went missing was found on Monday in Victoria’s Marysville region, according to police, which also emptied a local dam in search of him. Poshik Sharma, a university student in Melbourne, was reported missing last Friday morning after leaving his friends at the Duck Inn on Thursday afternoon. The body was found in bush land on the outskirts of Marysville on Monday, four days after Sharma left a Marysville pub alone following a “minor disagreement” with friends, police was quoted as saying by the Age. The police said that the death is not being treated as suspicious. A search operation involving over 90 people from Victoria Police, the State Emergency Service, Country Fire Authority and specialist teams worked in and around the town of Marysville during the weekend to trace Sharma. Search and rescue crews drained a dam, while police dogs used one of Sharma’s socks to try and track his scent on Sunday, the report said.last_img read more

Synthetic milk racket busted in MP 62 held

first_imgBhopal: Madhya Pradesh police have busted a racket involved in manufacturing synthetic milk and other products and distributing them to branded outlets in various states, a police officer said Saturday, adding that 62 people have been arrested. The Special Task Force (STF) Friday raided factories based at Ambah in Morena district and Lahar in Bhind district of the Gwalior-Chambal region, around 400 kms from here, Superintendent of Police Rajesh Bhadoriya told PTI. Also Read – Encounter under way in Pulwama, militant killed Police seized huge quantity of chemicals and preservatives besides around 10,000 litres of synthetic milk, over 500 kg of spurious ‘mawa’ or condensed milk and around 200 kgs synthetic cottage cheese in the operation. The arrested persons were allegedly supplying highly toxic synthetic milk and milk products like ‘mawa’ and cottage cheese to branded outlets in Delhi, Madhya Pradesh, Uttar Pradesh, Rajasthan and Haryana, he said. “As many as 20 tankers and 11 pick-up vans containing spurious milk and other products were seized,” the SP said. Also Read – 14-yr-old girl raped, strangled to death in UP’s Shamli Synthetic milk was being supplied to various areas in MP, UP and Rajasthan located closer to Morena and Bhind districts while other synthetic products to farther districts. “A huge quantity of liquid shampoo, detergent, refined oil, maltodextrin powder, sodium thiosulfate and other chemicals were seized during the raids,” the SP said, adding that the accused were using high quantity of preservatives. He said STF sleuths also raided a dozen other locations on Saturday but found these premises locked.last_img read more

MP Assembly adjourned till Tue after tribute to Dikshit Jain

first_imgBhopal: The Madhya Pradesh Assembly was adjourned for the day on Monday after paying tribute to former Delhi chief minister Sheila Dikshit and former state MLA Nemichand Jain. Chief Minister Kamal Nath lauded Dikshit’s qualities as a parliamentarian, CM and governor and said he knew Dikshit when he first became Lok Sabha MP from Chhindwara. He said the departed leader had a good rapport with all 412 Congress MPs when she was minister of state in the PMO, adding that she played a pivotal role in modernising Delhi. Also Read – Uddhav bats for ‘Sena CM’ He said the MP government was working on following the Delhi metro model in the state. The MP CM also praised the contribution of Jain. Leader of Opposition (LoP) Gopal Bhargava said Dikshit was a futurist and visionary who transformed Delhi into a modern capital which mirrors India. Bhargava said he was a colleague of Jain in the 9th and 10th Assembly and remembered him as a leader who never drifted from his ideology. The House observed two-minute silence for the departed leaders and then adjourned till Tuesday morning.last_img read more

2 dead 8 swimming athletes hurt in SKorea balcony collapse

first_imgSeoul: An internal balcony at a nightclub in South Korea collapsed on Saturday, killing two people and injuring 16 including American and other athletes at the world swimming championships, officials said. Hundreds were at the nightclub in the southern South Korean city of Gwangju when the collapse occurred next to the athletes’ village. Two South Korean men died while 16 others were injured, police said. According to a police account, the injured include 10 foreigners, eight of them athletes who were in Gwangju to participate in the swimming championships. Also Read – Saudi Crown Prince ‘snubbed’ Pak PM, recalled jet from US Among the athletes were three Americans, two New Zealanders, one Dutch, one Italian and one Brazilian, a police officer said, requesting anonymity ahead of an official announcement. He said most had minor injuries but an American female water polo player required surgery. The other two Americans a man and a woman are also water polo players, the police officer said. Police said they detained one of the nightclub’s co-owners and summoned three other club officials to investigate whether the collapsed balcony was an unauthorized structure. Also Read – Record number of 35 candidates in fray for SL Presidential polls “This is an awful tragedy,” said Christopher Ramsey, CEO of USA Water Polo. “Players from our men’s and women’s teams were celebrating the women’s world championship victory when the collapse occurred at a public club. Our hearts go out to the victims of the crash and their families.” Among the Americans, Kaleigh Gilchrist suffered a deep left leg laceration and underwent surgery at a hospital in Gwangju, said Greg Mescall, director of communications for USA Water Polo. He said that Paige Hauschild suffered lacerations on the right arm and Johnny Hooper on the left hand that required stitches. Ben Hallock suffered minor scrapes on the legs, he said. The anti-disaster agency said the injured also included two Uzbekistan exchange students. None of the injured is in life-threatening condition. Members of the New Zealand men’s and women’s water polo teams were also at the nightclub. The men’s captain, Matt Small, described a chaotic scene and said that his team tried to help the injured. “(It was) business as usual and then it literally collapsed beneath our feet,” Small said, speaking to New Zealand Radio Sport by phone. “None of the boys are hurt or injured though so that’s good. But everyone’s a bit shaken up at the moment.” “We did what we could but we couldn’t really do too much. Some of them were pretty dire cases,” he said. “We were more so just concerned about everyone else, we were trying to do a number count and make sure all the boys were there.” The local organizing committee for the world swimming championships said that eight of the athletes attending the event were injured, most slightly. A committee statement said seven of them had already returned to the athletes’ village after minor treatments at hospitals. It said one player had a leg lacerated and was to receive stitches at a hospital. The organizing committee said it won’t disclose other personal information about the athletes at the request of their national teams.last_img read more

Relief for startups CBDT lays out plan for pending angel tax assessment

first_imgNew Delhi: Giving a relief to startups, the government has laid out a procedure to address pending angel tax assessments under which action would be taken only after approval of a supervisory officer. The Central Board of Direct Taxes (CBDT), in a circular, said that no verification will be done by an assessing officer if a startup has been recognised by the Department for Promotion of Industry and Internal Trade (DPIIT) and the case is selected under limited scrutiny. Also Read – Thermal coal import may surpass 200 MT this fiscalSimilarly, it said the applicability of angel tax would not be pursued during the assessment proceedings and “inquiry or verification with regard to other issues in such cases shall be carried out by the assessing officer only after obtaining approval of his/her supervisory officer”. If a startup is not recognised by the DPIIT, then too the inquiry would be carried out after the approval of a supervisory officer. The circular followed the announcement made by Finance Minister Nirmala Sitharaman in Budget. Also Read – Food grain output seen at 140.57 mt in current fiscal on monsoon boostShe proposed a host of incentives, including a special arrangement for resolution of pending assessments of income tax cases, with a view to encouraging startups. “To resolve the so-called ‘angel tax’ issue, the startups and their investors who file requisite declarations and provide information in their returns will not be subjected to any kind of scrutiny in respect of valuations of share premiums,” she had said. The issue of establishing the identity of the investor and source of his/her funds will be resolved by putting in place a mechanism of e-verification. Commenting on the issue, Amit Maheshwari, Partner, Ashok Maheshwary & Associates LLP said that CBDT has come out with a framework to tackle pending tax assessments. This clarification will help startups which are facing questioning in their assessments and will also give a clear direction to assessing officers on what to do in such cases, he said. “Contention of startups having DPIIT recognition will be accepted on section 56(2)(viib) of Income tax act and therefore, there would not be any tax adjustment additions on this account,” he said. He added that startups which do not have DPIIT recognition will still have to substantiate the valuations of the assessing office, if they question them. “However, as a safeguard this enquiry/verification will be after obtaining prior approval from the supervisory officer,” he added. Nangia Advisors (Andersen Global) Managing Partner Rakesh Nangia said, “Directions of the CBDT that the tax officer will have to summarily accept the contentions of the startup on valuation of its shares shall provide the relief intended to be provided to the startups.” While the recognised startups stand relieved, the ones that are yet to receive a nod from the DPIIT may still have to face the inquiry from tax officers and the procedure to be followed by the tax officers in such cases would be crucial to note, Nangia added. An angel investor puts funds in a startup when it is setting up its business. Normally, about 300-400 startups receive angel funding in a year. Their investment in a unit ranges between Rs 15 lakh and Rs 4 crore. After claims being made by several startups that they were receiving tax notices under section 56(2)(viib) of the Income Tax Act, 1961 to pay taxes on angel funds received by them, the DPIIT in consultations with CBDT resolved the issue. Section 56(2)(viib) of the I-T Act provides that the amount raised by a startup in excess of its fair market value would be deemed as income from other sources and would be taxed at 30 per cent. Touted as an anti-abuse measure, this section was introduced in 2012. It is dubbed as angel tax due to its impact on investments made by angel investors in startup ventures. More than 540 startups have received an exemption from angel tax so far.last_img read more

Pehlu Khan case Raj govt to set up SIT

first_imgNEW DELHI: The Rajasthan government on Friday said it will re-examine the Pehlu Khan case, in which a district court acquitted the six men accused of thrashing the dairy farmer on suspicion of cattle smuggling two years ago. Pehlu Khan, whose beating was captured on a mobile phone video used by Rajasthan police to identify his attackers, died of his injuries three days later. The state government will set up a Special Investigation Team or SIT that will look at police lapses in the investigation. In explaining its judgement, the Alwar district court, which gave the accused the benefit of doubt, highlighted the fact they had not been named in Pehlu Khan’s statement; the names were added two years later. The court also pointed out that an identification parade had not been held.last_img read more

Three persons kill man over affair with niece

first_imgNEW DELHI: Two persons were arrested for allegedly killing a man as one of them suspected him of having an affair with his niece. Pramod (20), a resident of Jhajjar in Haryana and Prakash (22), a resident of Delhi’s Najafgarh, were held on Monday from Dwarka while the third accused is absconding, policesaid. “As per their plan, in the evening, they called Ankit to join them for a liquor party with them. When Ankit got intoxicated, they took him to Baghpat Industrial Area in UP in an inebriated condition. After reaching an isolated place in Baghpat Industrial area, they shot him at forehead and to conceal Ankit’s identification, they burnt his face,” said DCP Dwarka, Anto Alphonse. Also Read – After eight years, businessman arrested for kidnap & murderThree days later, the partially burnt body of the victim was found at an isolated place in Niwara. As the body could not be identified, it was preserved in the hospital, the police said. Acting on a tip off, the two suspects, Pramod and Prakash were nabbed and two loaded country made pistols were recovered from them, Deputy Commissioner of Police (Dwarka) Anto Alphonse said. Pramod disclosed that he suspected Ankit of having an affair with his niece and hatched a plan to eliminate him. He roped in two of his associates including Prakash who arranged the pistols. Also Read – Two brothers held for snatchingsThe disclosure about the murder information and arrest was shared with Police Station Kotwali Baghpat, Uttar Pradesh who confirmed about the recovery of an unidentified body from Niwara, Baghpat industrial area. Later Ankit’s family was informed who later identified the recovered body as their son Ankit. Family of Ankit was not aware of the missing of Ankit as the deceased was staying in Bahadurgarh, Haryana and used to visit his native home in months.last_img read more

Ishaan Ananya Panday to star in Khaali Peeli

first_imgMumbai: Newcomers Ishaan and Ananya Panday are teaming up for the movie “Khaali Peeli”, backed by filmmaker Ali Abbas Zafar. Ali, best known for directing blockbusters such as “Sultan”, “Tiger Zinda Hai” and “Bharat”, has joined hands with Zee Studios to co-produce the film. Ishaan, who has dropped his surname Khattar, made his Bollywood debut with “Dhadak”, while Ananya entered the industry with “Student of the Year 2” this year. Directed by Maqbool Khan, “Khaali Peeli” is set in Mumbai and promises to be a “young, edgy roller-coaster ride that kick-starts one night, when a boy meets a girl,” the makers said in a statement. Also Read – I have personal ambitions now: Priyanka “‘Khaali Peeli’ process has been organic. Maqbool, Himanshu Kishan Mehra and I worked on the script for almost a year and when we thought it was completely baked, we took it to this enthusiastic young cast. “I am happy that Zee Studios is producing this film with us, apart from the other massive film we are working on. We will announce our next big collaboration soon as well,” Ali said. Ace music composers Vishal-Shekhar will give music for the film, which will go on floors on September 11 this year. Also Read – Salman Khan remembers actor Vinod Khanna “We at Zee Studios are delighted to partner with Ali as he commences his journey as a producer. This is the first of many! It’s such an exciting script with tremendously promising talent attached to the film. Exciting times ahead,” Shariq Patel, CEO, Zee Studios said. Maqbool said he cannot wait to “start this ride with this young talent”. “Khaali Peeli” is scheduled to release on June 12, 2020.last_img read more

LG has agreed to join antidengue campaign says CM Kejriwal

first_imgNEW DELHI: Delhi Lieutenant Governor (LG) Anil Baijal has agreed to take part in the city government’s anti-dengue campaign, Delhi Chief Minister Arvind Kejriwal said on Tuesday. “I am so glad that he happily agreed to participate in ’10 hafte, 10 baje, 10 min’ anti-dengue campaign. From this Sunday, LG will also check his residence,” Kejriwal tweeted. Baijal and Kejriwal were not on the same page for a number of initiatives of the Aam Aadmi Party government, so much so that the Delhi Chief Minister went for a sit-in for 10 days at the LG office in 2018. The Delhi government has launched anti-dengue campaign from this Sunday where it has urged all the residents of the city, including MLAs and other officials, to check for stagnant water in and around the house. Under the campaign, people have to give 10 minutes for 10 week on Sunday at 10 am for inspection.last_img read more

Medical wait times cost Canadians millions in lost wages study

first_imgOne million Canadians waiting for medical treatment in 2017 lost $1.9 billion in wages.That’s according to a Fraser Institute study which details that it works out to an average of $1,822 per patient.Study author Bacchus Barua said Alberta has the second highest per-patient cost of waiting at $2,290; only British Columbia was higher at $2,360.“Alberta is also very high, higher than the national average in terms of their average wait time it’s about 26.5 weeks compared to the national average of 21.2 weeks between GP (general practitioner) referral to treatment,” he explained.He said this study only looked at specialist appointment to treatment times, but even there Alberta is worse off, with average wait times of 14.4 weeks, compared to 10.9 weeks nationally.Others are doing better.“So for example in Saskatchewan, over the last five or six years they’ve managed to really reduce their wait times throughout the Saskatchewan Surgical Initiative where they partnered with third-party private clinics to deliver more surgeries and actually at a lower cost per procedure,” explained Barua.This study also only looked at lost wages.When the value of time outside the traditional work week is included, meaning evenings and weekends minus 8 hours for sleep, the cost of waiting jumps to $5.8 billion which is a little more than $5,500 per patient on average.last_img read more

Heavy rain likely to cause new or more flooding in several area

first_imgA forecast of heavy rain in waterlogged central Canada and in both the Atlantic and Pacific regions has residents and emergency officials bracing for flood conditions through Friday and the weekend.Environment Canada has issued a rainfall warning for much of southern and eastern Ontario, where some communities could be soaked with 50-90 millimetres of rain through Saturday.But with the ground already saturated after weeks of rain and spring runoff, the agency says there may be new or additional flooding in many areas.“All parts of Toronto can be affected by flooding and there may be little or no advance warning that localized flooding is imminent,” the City of Toronto warned in a news release Thursday.The city has also warned that the heavily-travelled Don Valley Parkway through the heart of Toronto could be shut down on Friday afternoon should the adjacent Don River overflow its banks.Recent rain and spring runoff have already caused a significant rise in water levels in Lake Ontario, causing some shoreline erosion and localized flooding east of downtown Toronto.Environment Canada has also issued a special weather statement for much of Quebec, where numerous communities are already coping with overflowing rivers, particularly north and south of the Montreal area and in western Quebec.The agency says another 30 millimetres of rain is likely north of the St. Lawrence River through Sunday while the Montreal area can expect slightly lesser amounts.Eastern Quebec is also beginning to experience flooding due to the rain and melting snow.Quebec Premier Philippe Couillard said Thursday that 132 municipalities and some 1,400 residences are affected by or threatened by rising waters .“We know that the water level will not drop in the next few days. It is more likely to remain high, or even continue to rise,” he said.Environment Canada has also issued a special weather statement for a large swath of southern B.C. due to the potential for severe thunderstorms, saying conditions are favourable for the development strong wind gusts, large hail and heavy rain.It said heavy rain associated with the storms, combined with snow melt, will lead to rising river levels and could increase the risk of flooding.The wet weather will also take aim at Atlantic Canada starting Friday night and continuing through the weekend.Environment Canada has posted special weather statements for most of Nova Scotia warning of 50-to-100 millimetres of rain through the weekend while southwestern New Brunswick can expect around 50 millimetres of rain and northwestern areas may receive 20 to 30 millimetres.The agency the additional rain will exacerbate current flooding and advises residents near the Saint John River and its tributaries to remain on alert.last_img read more

Stormbattered Quebec towns preparing for effects of changing climate

first_imgMONTREAL – The windswept archipelago of Iles-de-la-Madeleine used to spend most of every winter firmly encased in the ice of the Gulf of St. Lawrence, protected from the worst effects of winter storms.But warmer temperatures in recent years mean the surrounding waters are more often ice-free, leaving the eastern Quebec island chain at the mercy of battering waves that eat away at the coastline and put vital infrastructure at risk.“When I was young and came home to the islands for Christmas, as of January the islands were surrounded, we were trapped in the ice,” Serge Bourgeois, planning director in Iles-de-la-Madeleine, said in an interview.“Now, the difference is so palpable that we’re more likely to remember winters when there is ice than those when there isn’t.”The town has recently had to move observation sites and a bicycle path away from the receding coast, and is facing the prospect of costlier adjustments in the next five years as the erosion creeps closer to more crucial infrastructure, according to Bourgeois.Other towns along the gulf and the St. Lawrence River are facing similar issues, as warming temperatures accelerate the age-old processes of erosion and flooding, according to Guillaume Marie, a geography professor and erosion specialist at the Universite du Quebec in Rimouski.“While we’re not seeing an increase in the number of storms in the St. Lawrence River and gulf, we’re seeing an increase in the number of storms that have an impact on the coast, which show there are fewer ice floes to protect them,” he said in a phone interview.With the funding of the Quebec government, the university has embarked on a multi-year project to study coastal resilience and develop tools to help eastern Quebec communities adapt to the realities of climate change.In many cases, this will mean making difficult and costly choices about what infrastructure to save and what to sacrifice, Marie says.Possible adaptation measures can include building rock walls or piles of stones, building bypasses around towns in case main roads are damaged, adding sand to beaches and planting vegetation on dunes — a natural way to try to both break up waves and prevent erosion.The best solution, Marie says, is to avoid building in risky areas — but that doesn’t help people who already live in those zones.For now, the university is consulting with towns in order to help them assess priorities, evaluate what’s working, and develop future strategies to mitigate or repair the damage.In many towns, the process is already underway.Perce, near the tip of the Gaspe peninsula, is in the midst of a vast coastal reconstruction project that gained new urgency last winter after its seaside boardwalk was washed away in a winter storm.The project, which is being financed by the province, involves first shoring up the beach with huge volumes of sand and pebbles, followed by an eventual boardwalk rebuild.Just north of Perce, the town of Gaspe has tightened its regulations to prevent new construction in certain zones after a higher-than-usual amount of flooding in the last 10 years, with more studies underway.“We are committed to continually refining our knowledge of these areas and studies are currently under way to characterize our wetlands and coastal areas,” Gaspe spokesman Jerome Tardif wrote in an email.Some towns, including Iles-de-la-Madeleine, have already had to make the unpopular decision to relocate people and homes, and Bourgeois says more tough decisions are coming.There’s no question the roads that link the islands will need to be shored up. But what about the La Grave historical site, the location of the island’s earliest settlement and fishery?“What do we do, as a collective?” he asked “Do we let the site go or try to find adaptation scenarios and put a price on it at the end of the line?”Bourgeois says that so far, he feels the Quebec government has been supporting towns’ efforts, especially when it comes to funding research and studies.But he’s wondering how the provincial and federal governments will react down the line, when more and more coastal towns are faced with huge rebuilding costs they can’t handle themselves.“If you add up the needs of coastal cities across Quebec and Canada, it’s going to be astronomical,” he said. “It’s then that we’ll know if governments are with the communities.”last_img read more

Prince Harry greets Canadian winners of the Duke of Edinburghs Awards

first_imgTORONTO – The energy Prince Harry generated at the Invictus Games’ opening ceremony concert on Saturday night spilled over to Sunday, when the prince met with dozens of high-achieving Canadian youth at the presentation of The Duke of Edinburgh’s International Gold Awards.The mood on Sunday was more subdued and formal than at Saturday night’s concert, but the excitement was palpable as Prince Harry greeted award winners at the Fairmount Royal York hotel in Toronto.The Duke of Edinburgh’s Awards honour 14-to-24-year-olds who take on projects related to personal development and community involvement.Prince Harry walked around the room and greeted the award recipients warmly, asking them questions about their achievements.In a speech before the ceremony began, Ontario Lt.-Gov. Elizabeth Dowdeswell thanked Prince Harry for founding the Invictus Games, a multi-sport event for injured and sick soldiers.Harry founded the Games in 2014 to motivate wounded soldiers through their recovery. Participants took part in track events on Sunday, with some athletes running and others in wheelchairs.Dowdeswell also praised Harry’s grandfather, Prince Philip, for founding the Duke of Edinburgh’s Award in 1963.Prince Harry and the lieutenant-governor were also joined onstage by Lou Gizzarelli, Canada’s National President of the Awards.More than 500,000 young Canadians are currently taking part in the Duke of Edinburgh Award program.last_img read more