September 24, 2021

German figures show growth

first_img KCS-content Tags: NULL German figures show growth Thursday 14 April 2011 8:02 pm Berlin yesterday hiked its official German growth forecast for 2011 from 2.3 to 2.6 per cent, citing soaring consumer spending as the main reason behind the expansion. German authorities said that the average households’ disposable income should rise by 3.3 per cent this year and next. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastBrake For ItThe Most Worthless Cars Ever MadeBrake For ItSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comcenter_img Show Comments ▼ whatsapp Share whatsapplast_img read more

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Revenues fall at Citigroup as costs rise

first_img KCS-content Show Comments ▼ Tags: NULL Monday 18 April 2011 8:51 pm Revenues fall at Citigroup as costs rise CITIGROUP yesterday revealed a slump in revenues and profits in its quarterly results compared to last year, emphasising the bank’s ongoing fight to rein in its backlog of struggling consumer business lines.Revenues dropped 22 per cent year-on-year to $19.7bn (£12.1bn), but the figure was a seven per cent improvement on the fourth-quarter of 2010. Its cards business and retail banking lost 15 per cent of revenues and seven per cent of sales compared to last year.Costs in the group’s core business rose for the third consecutive quarter to $9.6bn, despite a fall in credit costs, with the bank blaming “higher spending on marketing and technology” in North America. Compensation and benefits costs rose four per cent to $6.16bn.The bank tried to sell an optimistic, high-growth story to investors in its presentation for analysts, highlighting that “emerging markets represented over 50 per cent of Citicorp’s earnings before tax”. But the figures show that the Citicorp division’s pre-tax profits from developing economies increased only slightly from $2.9bn to $3.2bn. Instead, recovery in pre-tax profits in advanced economies fuelled the improvement at the end of 2010, jumping from $1bn to $2.9bn.Citi Holdings, the group’s non-core division, continued steady progress in shrinking its balance sheet, with assets decreasing by 6.2 per cent on the previous quarter to $337bn. In total, Citigroup plans to sell $12.7bn of bad assets, such as subprime loans and mortgage-backed securities, which it said carried a “disproportionately high” risk weighting under the new Basel III capital rules.FAST FACTS | US BANK RESULTS SO FARJP Morgan Chase kicked off the first-quarter reporting season last Wednesday with a dramatic recovery in earnings compared to the start of 2010. Pre-tax profits jumped 78 per cent to $8.06bn (£4.95bn).The investment bank recorded its second most profitable quarter ever, with fees revenue up 23 per cent on the first-quarter of 2010 at $1.79bn.The retail bank saw earnings drop, but still made money, with pre-tax profit coming in at $1.49bn.JP Morgan Chase was the first bank to estimate its core tier one capital ratio under stringent Basel III?rules, putting it at 7.3 per cent, above the overall minimum but likely below the 10 per cent minimum for systemically important financial institutions.Earnings per share came in at $1.28, at the high end of analysts’ expectations.Bank of America Merrill Lynch (BAML) was next, reporting last Friday. It posted a surprisingly sharp drop in first-quarter profits as home foreclosures hit its mortgage business.Despite making a profit of $2bn (£1.23bn), BAML, the largest US bank, lost a staggering $2.39bn on its portfolio of home loans.Income in the bank’s retail division fell 49 per cent as service charges plunged, though deposits were up.Investment bank revenue and profit also fell from last year’s record quarter. Sales and trading revenue was down 30 per cent, but overall investment banking income was up 24 per cent.Earnings per share came in at the low end of analysts’ expectations at $0.17. center_img whatsapp whatsapp Share last_img read more

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FMBcapital Holdings Plc (FMBCH.mw) 2003 Annual Report

first_imgFMBcapital Holdings Plc (FMBCH.mw) listed on the Malawi Stock Exchange under the Banking sector has released it’s 2003 annual report.For more information about FMBcapital Holdings Plc (FMBCH.mw) reports, abridged reports, interim earnings results and earnings presentations, visit the FMBcapital Holdings Plc (FMBCH.mw) company page on AfricanFinancials.Document: FMBcapital Holdings Plc (FMBCH.mw)  2003 annual report.Company ProfileFMBcapital Holdings (FMBCH) is the Mauritius based holding company for the FMBcapital Group and was listed on the Malawi Stock Exchange in September 2017 following a one for one share swap with First Merchant Bank of Malawi shareholders. FMBCH has banking and finance operations in Botswana, Malawi, Mozambique, Zambia and Zimbabwe. It is primarily an investment holding company with interests as follows: First Capital Bank, Malawi – 100% (established June 1995)First Capital Bank, Botswana – 38,60% (established July 2008)Capital Bank Mozambique – 70% (acquired June 2013)First Capital Bank, Zambia – 49% (acquired June 2013)First Capital Bank in association with Barclays – 62% (acquired October 2017) Through its subsidiaries, FMBCH offers a comprehensive range of financial products and services to both corporate and retail sectors. The Global Credit Rating Co. has consistently given FMB an annual Long Term Rating of A+ and a Short Term Rating of A1 since 2007. FMBcapital Holdings Plc is listed on the Malawi Stock Exchangelast_img read more

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Could you double your money with Sirius Minerals in 2020?

first_img I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Enter Your Email Address Could you double your money with Sirius Minerals in 2020? Simply click below to discover how you can take advantage of this. “This Stock Could Be Like Buying Amazon in 1997” Image source: Getty Images. Roland Head | Saturday, 4th January, 2020 | More on: SXX 2019 was a truly dire year for the Sirius Minerals (LSE: SXX) share price, which collapsed after the failure of the firm’s $3.8bn stage two fundraising plan.However, this story isn’t over yet.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Sirius says that it has enough cash to last until April. The company has produced a new financing plan that’s designed to contain the risk faced by future financing partners. And I think we can be pretty sure that CEO Chris Fraser has spent his Christmas working hard to find new sources of funds.Even a sniff of a financing deal would be likely to send the shares rocketing higher. In such a scenario, I wouldn’t be surprised to see the Sirius share price double overnight.Should we be buying SXX stock in anticipation of a recovery? Here’s what I think.Will the government rescue Sirius?My colleague Rupert Hargreaves recently suggested that Sirius might be able to secure some financial support from the new government, which has promised to spend more on infrastructure.However, the previous government refused to support the project, so I wouldn’t get too excited about this prospect.Finally, even if the government does provide some support, this wouldn’t necessarily be enough to save existing shareholders from being diluted by new strategic investors.Is the new plan better?The key change in Mr Fraser’s latest financing plan is that funding for the shaft-sinking activity — which the company says is the riskiest part of the project — has been separated from funding for the mine build.The plan now is to raise $600m to complete the mine shafts and then raise a further $2.5bn to fund the build-out of the mine.One problem with this is that this new plan is likely to delay the date at which the project is fully funded, potentially by several years.For shareholders, this is a serious concern. Until funding is secured, there’s no way to be sure that the company won’t run out of cash or be forced to sell a stake in the business to raise the funds needed to complete the mine. In either scenario, I think existing shareholders would be likely to face dilution and large losses.Remember, the mine might eventually be built by different owners, leaving existing shareholders with nothing.Should I buy Sirius Minerals shares?Before investing in a mining project like this, I’d want to see proven market demand, predictable pricing and a short-term path to positive cash flow and profitability. Sirius Minerals offers none of these, in my view. The mine is expected to take around five years to complete and the firm’s POLY4 fertiliser has not been sold in such large volumes before.Debt investors seem to share my view of the risks involved. Even the promise of a 15% interest rate wasn’t enough to persuade them to lend $500m to Sirius earlier this year.I think there are only two likely outcomes for existing shareholders. One is that the company will go into administration, sending the share price to zero pence. The other possible outcome is that a new financing partner will be found who will demand a significant equity stake in the project, diluting existing shareholders.For these reasons, I think that Sirius remains much too risky to consider as an investment.center_img I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Roland Head has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Our 6 ‘Best Buys Now’ Shares See all posts by Roland Headlast_img read more

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Aviva Premiership Final preview: Bath v Saracens

first_imgThere promises to be some tantalising individual duals all over the pitch. Peer past the obvious battle at No 10 for Ford and Farrell and you have the unlikely face-off at No 6 – 20-year old Maro Itoje and Sam Burgess going toe-to-toe at blindside. Both are massive men, at 6ft 5in and around 18st, and it promises to be a titanic battle in the close exchanges for two men still learning their trade on the grandest of stages. That’s not forgetting the African ballast provided by Francois Louw and Jacques Burger on the other side of the scrum.Man on a mission: Jacques Burger is a human exocet with, or without, the ballAt scrum-half Saracens will pit the box-kicking excellence of Richard Wigglesworth against the whippet-like old stager Peter Stringer, who will both chide each other’s packs on, like jockeys in the saddle.Many more individual battles will be contested, but whatever the outcome it promises to be a rip-roaring occasion for neutrals with 18 England hopefuls on trial in front of a watching Stuart Lancaster. He would not be blamed for crossing fingers and toes, after the trials and tribulations of the past few weeks, but for the 82,000 assembled at Twickenham an intriguing game will be the thrilling denouement to a wonderful season.Prediction: Saracens to win by three pointsKick-off: 2.30pm, Twickenham TAGS: HighlightSaracens Catch me if you can: Jonathan Joseph will need close attention from the Sarries defence Bath will look for their Premiership title, while Saracens will look to atone after the pain of last year’s loss. It promises to be quite a final LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS Beauty versus the beast. The great entertainers versus the great nullifiers. It’s easy for commentators to paint the narrative of the Aviva Premiership final clash as a battle of styles. Yet like most things in sport, nothing is that simple.Bath, for their part, have played some scintillating rugby this term. Inspired my Messrs Ford and Ford, they have brought smiles back to the assembled masses in Bath not seen since the ghosts of Callard, Guscott, Hall and Halliday bestrode The Rec. They are the form team, on a seven-game winning run that, coupled with a second demolition of Leicester Tigers where they ran in seven sumptuous tries last weekend, will have been duly noted by the cerebral Mark McCall. They also have the pedigree of six-time English champions, and the motivation of a 19-year absence from the Premiership winners’ podium that will have given them a hunger to give their travelling masses reason to celebrate.Memory bank: Bath did beat Saracens 21-11 earlier in the season at The RecLooking at the stats, Bath have excelled in many areas. They have beaten the most defenders per game in the Premiership (21.2), with Saracens way behind in 10th on 14.2. Perhaps more surprisingly Bath’s tackling rate is second only to Wasps with 87 per cent and of course they have proven individual match-winners: Semesa Rokodoguni has made the most clean breaks this season with 36, and George Ford has assisted more tries than any other this season with 13. Jonathan Joseph and Kyle Eastmond are also more than support acts.And yet Saracens hold sway in many areas. They have beaten Bath in nine of their past ten meetings, and have more recent big-game experience of knockout rugby. In Europe, they have reached the latter stages in 2012, 2013 and 2014. Perhaps more pertinently, they can harness the pain of last year’s final heartbreak, where Alex Waller burrowed over late on for Northampton to win 24-20, leaving Saracens players strewn, exhausted and despondent on the deck, no doubt vowing history would not repeat itself.Saracens also boast a pack that should cause the Bath eight problems, with the Vunipola brothers Billy and Mako, Jamie George and Jacques Burger all prominent in getting over the ball at the breakdown to slow ball down and starve Bath of quick possession.Home turf: Saracens have a superb record against Bath in the last five seasons, losing only onceAt half-back, in Wigglesworth and Farrell, they have two teak-tough competitors who will look to send chasers after high balls deep into Bath territory, while out wide Chris Wyles, Chris Ashton and David Strettle have plundered 33 tries between them. Put simply, they will look to use their ‘wolf pack’ mentality to suffocate Bath’s runners, force penalties and let Farrell keep the scoreboard ticking over.Under Mike Ford, Bath will be looking shunt the heavier Saracens pack around the Twickenham turf, hold parity up front, and look to their creative trio, Ford, Eastmond and Joseph to spot mismatches in midfield, as they did to devastating effect last weekend. Star turn: Sam Burgess have proved far more effective at blindside than centreSaracens: Alex Goode, David Strettle, Duncan Taylor, Brad Barritt, Chris Wyles, Owen Farrell, Richard Wigglesworth, Mako Vunipola, Jamie George, Petrus Du Plessis, George Kruis, Alistair Hargreaves (c), Maro Itoje, Jacques Burger, Billy VunipolaReplacements: Schalk Brits, Richard Barrington, Juan Figallo, Jim Hamilton, Jackson Wray, Neil de Kock, Charlie Hodgson, Chris AshtonBath: Anthony Watson, Semesa Rokoduguni, Jonathan Joseph, Kyle Eastmond, Matt Banahan, George Ford, Peter Stringer, Paul James, Ross Batty, David Wilson, Stuart Hooper (c), Dave Attwood, Sam Burgess, Francois Louw, Leroy HoustonReplacements Rob Webber, Nick Auterac, Henry Thomas, Dominic Day, Matt Garvey, Carl Fearns, Chris Cook, Ollie Devotolast_img read more

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Don’t miss out on free stash Fridays!

first_imgAll you need to do is follow this link and fill in your email address and name. We will email you the newsletter telling you which prize is on offer that week, and we will then let you know how you can get your hands on some of that rugby gear with minimal hassle. Keep your eyes on that inbox guys…Good luck! LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS A question for all you rugby fans out there: would you be at all interested in some free stash?Yeah, okay, that’s a pointless question. We all love free stuff. And for that very reason we’re giving you the chance to win some rugby stash courtesy of the team at Rugby World magazine. Just follow our links and sign up for our weekly newsletter. It couldn’t be simpler.Every week we will email you with the biggest stories from rugbyworld.com, the latest offers we have for you and any other content we think you should be aware of. So not only do you get kept updated with some of the best analysis, features and videos from the game, but you also find out Rugby World’s exclusive deals… and give yourself a chance of winning some kit, balls or apparel.last_img read more

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With a little Help From You

first_img Tagged with: Events With a little Help From You Every year, thousands of people raise hundreds of thousands of pounds at loads of fun events to raise money during Red Cross Appeal Week (2-8 May). 2010’s campaign sees the launch of the first ever British Red Cross music video. ‘With A Little Help From You’ was written by up and coming artists Reid & Stanners.www.redcross.org.uk/appealweek  18 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 20 April 2010 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

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Cost of fundraising replaces public trust as biggest concern for European fundraisers

first_img About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com. Cost of fundraising replaces public trust as biggest concern for European fundraisers Tagged with: European Fundraising Association Research / statistics The cost of fundraising has overtaken public trust as the biggest concern for charities across Europe, according to Fundraising in Europe 2017, a new report published this week by the European Fundraising Association (EFA).Previously the lead concern in EFA’s 2015 report, public trust was cited as the second most highly ranked concern in Fundraising in Europe 2017, followed by adapting to forthcoming EU data protection rules with most national fundraising associations believing that charities in their nation are under-prepared for GDPR requirements.The report, which represents the views of fifteen national fundraising associations including the UK also shows that voluntary income is growing across Europe. The large majority of associations questioned for the report have recorded a rise over the last five years, identifying increasing use of social media, technological developments, growing national economies and innovation as having a positive impact on fundraising and charitable giving, together with growing professionalism across the sector.While voluntary income is rising however, less than half of the associations surveyed (six) reported a rise in donor numbers, with the majority reporting numbers in their country as either static (five) or declining (three). However, associations also referenced new groups of donors and younger supporters who have become more accessible to the sector with the development of online donation platforms, growth of peer-to-peer giving and with new entrants to the fundraising marketplace attracting a different supporter base.Top fundraising methods and causesDirect mail is still the top fundraising method followed by public collections by direct debit, and corporate fundraising. However, direct mail was selected by less than half of associations surveyed for this year’s report, compared to 62% in 2015.The report also shows that while children’s charities remain the top cause across Europe, followed by healthcare / medical research and international charities, arts, education, sports and environment charities are also becoming more prominent.Gosse Bosma, EFA President and Director of Goede Doelen Nederland, said:“The sector rarely shies away from innovation and, having embraced new payment channels, peer-to-peer giving platforms and social media, this report shows that fundraising continues to be a dynamic and exciting industry.“A big challenge however is strengthening relationships with supporters, particularly younger generations, and making the most of the new opportunities that technological developments and digital fundraising bring.“At the same time, charities have to be careful not to ask too much. The number of fundraising organisations is rising, which can compound the effect and deter the public from giving. We need to do all we can to ensure that every contact with a current or potential donor is a positive experience.” Advertisement Melanie May | 7 December 2017 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis16 Countries covered by the Fundraising in Europe 2017 report are: Austria, Czech Republic, Finland, France, Germany, Ireland, Italy, Netherlands, Norway, Slovakia, Slovenia, Spain, Sweden, Switzerland and the United Kingdom.  171 total views,  1 views today  172 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis16last_img read more

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Karnataka High Court Quashes Decision Of Bar Council, Karnataka Law University To Conduct Offline Intermediate Semester LLB Exam

first_imgTop StoriesKarnataka High Court Quashes Decision Of Bar Council, Karnataka Law University To Conduct Offline Intermediate Semester LLB Exam Mustafa Plumber8 Feb 2021 2:04 AMShare This – xKarnataka High Court quashes BCI, KSLU decision to conduct offline intermediate semester examsThe Karnataka High Court on Monday quashed and set aside the decision of the Bar Council of India and subsequent circular issued by the Karnataka State Law University thereby imposing an examination on the intermediate semester law students.A Single judge bench of Justice R Devdas said: “Having regard to the grievance raised in the petition and decision of Supreme Court in the case Praneet K,…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Karnataka High Court on Monday quashed and set aside the decision of the Bar Council of India and subsequent circular issued by the Karnataka State Law University thereby imposing an examination on the intermediate semester law students.A Single judge bench of Justice R Devdas said: “Having regard to the grievance raised in the petition and decision of Supreme Court in the case Praneet K, the decision of the Bar Council and University is not being arrived at based on any expert opinion, unlike the guidelines issued by UGC. This court is of the opinion that if not for cancellation of all exams, at least the even semester examination of First to Fourth Year intermediate law students requires cancellation.”The bench accordingly ordered :”The impugned press released November 1 2020, issued by Bar Council of India and Circular dated November 9, 2020, issued by the University are quashed and set aside, in so far as intermediate semester examination are concerned with respect to first to fourth year of Five year law students only”. It added “The time table announced by KSLU along with notification dated Jan 13 and Jan 29, in so far as first and fourth year students are quashed and set aside.”The bench directed KSLU to announce a fresh timetable with respect for first to fourth year law students of five-year law course, scheduling exams of ODD semester only. In so far as even semester exams are concerned, the same shall be assessed on the basis of internal assessments of the students to an extent of 50 percent and remaining 50 percent marks on the basis of the performance in previous semester only, if available.” The marks card shall also be issued in the above terms in respect to ‘Even’ semesters.The bench in its order also observed that :”As held by the Apex court there is a rational basis for decision of UGC in advising the university that in case a situation does not appear normal in view of the COVId-19, in order to maintain social distancing, safety health of students, grading of student on the basis of internal assessment and taking 50 percent of marks awarded in previous semester, marks can be awarded to first year and fourth year students.”The order was passed while hearing a petition filed by Ritvik Balanagraj B, 3rd year law student at St. Joseph College of Law, Bengaluru. Earlier, the student had moved a public interest litigation before the high which was dismissed by a division bench.The court had then said :”The reliefs they are seeking in this writ petition are not in public interest, in as much as they are seeking relief in their personal interest or private interest. Therefore writ petition cannot be styled as PIL. On this short ground the petition is dismissed, reserving liberty to petitioners to file writ petitions seeking reliefs in personal or private interest, if so advised.”Following that, the student approached the single bench stating that – “The examination will have a disproportionate and adverse impact on the students who were unable to attend classes in online mode for various reasons like accessibility, remote locality, and affordability. They would effectively be compelled to write examinations on subjects which they were never taught and that will have a disparate impact on these students and will impose an extra burden on such individuals who were already marginalized, and violate Article 14.”Further, it is said that because of the sudden shutdown of colleges, the students have lost access to libraries and have come back home without any study material in their hand. The students had a legitimate expectation from the university that they would be taught the subjects, given access to study material and then they would be evaluated. If an examination is conducted bypassing this process that would breach this legitimate expectation.The petition was filed through advocates Arnav Bagalwadi, Shathabish Shivanna, Abhishek Janardhan and H.C. Prateek states that the circular issued by BCI and KSLU are inconsistent with UGC guideline of April 2019, UGC Revised Guidelines dated 6.07.2020 and the government of Karnataka order dated 10.07.2020, which mandated all the universities in the state of Karnataka to evaluate its intermediate semester students under an evaluation formula, where 50% weightage would be in internal evaluation and 50 % weightage would be in marks scored in previous semester. The law students of KSLU are equally affected by the pandemic and they are also similarly circumstanced.The petition prays for quashing the circular dated 09.11.2020 and Press Release dated 01.11.2020 as being illegal and void to the extent that they deviate from the guidelines issued by the Universities Grants Commission and impose an examination on Intermediate semester Law Students of all Law Universities across India, including the Law Universities that are affiliated with KSLU, for the semester of 2019-2020 academic year.Further, the plea seeks a prayer to quash the Guidelines dated 27.05.2020 and Press Release dated 09.06.2020 issued by Respondent No.1(Bar Council of India) as being illegal and void and to direct Karnataka State Law University to give effect to the government of Karnataka order dated 10.07.2020 which is in line with the UGC Guidelines on Examinations and Academic Calendar for the Universities in view of Covid-19 Pandemic and Subsequent Lockdown. Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

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Letterkenny the exception as SVP plan hostel management changes

first_img RELATED ARTICLESMORE FROM AUTHOR Facebook Google+ By News Highland – October 1, 2020 Twitter Google+ WhatsApp Facebook Letterkenny the exception as SVP plan hostel management changes WhatsApp The Society of St. Vincent de Paul has announced that it is planning to transfer the management of nine of its ten hostels across the country to other homeless charities with specialist expertise in the sector.The exception is St Colmcille’s in Letterkenny where there are 10 Units catering for women, men and families.The society says the situation at St Colmcille’s is different to other hostels because of the physical structure of the buildings, and they are working with funders to continue to develop the service in Letterkenny.***************************Statement in full -Letterkenny hostel not affected by SVP announcement to transfer management of its hostels to other homeless charitiesThe Society of St. Vincent de Paul (SVP) has announced that it is planning to transfer the management of  most its hostels to other homeless charities with specialist expertise in the sector.The exception is St Colmcille’s in Letterkenny where there are 10 Units catering for women, men and families.Dunia Hutchinson SVP National Manager of Homeless Services said,  “The situation in St Colmcille’s is different to our other hostels because of the physical structure of the buildings. We are working with your funders to continue to develop the service in Letterkenny in line with Housing First principles, and to focus supports for our service users though Outreach and Home Liaison.”This approach  would allow the service to be delivered into the future within SVP’s volunteer-led Social Housing function, with a proposal for an own-door model of supported temporary accommodation service”.“In effect, there will be no changes to the service currently being provided, but we will be working with the local funders  to put it on a clear footing making best use of the own-door premises we already have on site, and creating potential to scale the capacity more easily depending on shifting local need.In relation to its other 9 SVP hostels in Carlow, Cork (2), Ennis, Limerick, Longford (2), Waterford and Wexford. the Society says that it believes that the move to transfer management to other homeless charities with experience in the sector. will benefit those who use the services of its hostels as managing homeless hostels is moving beyond the capacity of a volunteer-led organisation such as SVPAs most of the funding for the hostels comes from the state SVP is in discussion with the respective Local Authorities and the HSE to facilitate the transfer of its services.SVP National Secretary Andy Heffernan says that as a volunteer-led organisation, the SVP structure is not suitable to fully adhere to statutory governance and management protocols in the sector and to the increased specialisation, which now exceed the capacity of SVP volunteers.The transfer to new management at the hostels is scheduled to take place before the end of September 2021. “Our funders, staff, service users and their families where appropriate are being fully briefed with a view to organising smooth transfer of services.” said Mr Heffernan.In tandem with these briefings SVP has been in discussions with fellow Vincentian organisation Depaul which has extensive experience in the sector.Dunia Hutchinson said, “We are very mindful of the potential impact of this decision on services and are committed to managing  the process collaboratively with all the stakeholders at local and national level, and with our service users and staff interests at heart.“We are determined to ensure that the eventual outcome will be a positive one for our services which have demonstrated, this year especially, how impactful they can be in the sector and how important the work is to the community.”  Previous articleDonegal Covid 19 incidence rate now above 211 per 100,000Next articlePSNI investigate Derry arson attack News Highland center_img Twitter Arranmore progress and potential flagged as population grows Homepage BannerNews DL Debate – 24/05/21 Loganair’s new Derry – Liverpool air service takes off from CODA Pinterest Important message for people attending LUH’s INR clinic News, Sport and Obituaries on Monday May 24th Pinterest Nine til Noon Show – Listen back to Monday’s Programmelast_img read more

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