French push to regulate commodities

first_img FRANCE has sent detailed proposals to the European Commission calling for common action to regulate volatile commodities markets before it is due to head the Group of 20 economic powers, ministry officials said.President Nicolas Sarkozy said last week that regulating commodity derivatives would be one of the priorities of France’s presidency of the G20 starting in November for a year.France’s economy, energy and agriculture ministers sent a letter to three European commissioners on 27 August stressing that current European regulation was not enough and calling for coordinated and cross-sector EU action.“At a time when commodities markets are more and more financial, the European regulation of commodity derivatives markets appears insufficient to us,” the ministers wrote in a letter made public by the economy ministry.The derivative markets cited in France’s proposals include grains and other raw agricultural products, metals, oil, gas and CO2 quotas.European commodity markets are under pressure to tighten regulation as the United States pushes forward with plans to tame speculative activity, which was blamed by some for boosting food and energy prices to record highs in 2008.France wants the EU to adopt new legislation to improve its own system but also hopes to convince its European counterparts to put forward a joint proposal at the G20.In February farm ministers from the Organisation for Economic Co-operation and Development (OECD) failed to produce concrete measures on market regulation at a meeting on price volatility as differences surfaced on several issues. whatsapp French push to regulate commodities KCS-content More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com whatsapp Share Show Comments ▼ Tuesday 31 August 2010 9:04 pm Tags: NULLlast_img read more

Best tries of the Top 14 – Round 19

first_imgTuesday Mar 17, 2009 Best tries of the Top 14 – Round 19 Its been a while, but we have another Best Tries of the Top 14 video for you, this time from Round 19 as the tournament reaches the last few rounds, with relegation battles and places at the top becoming a tight affair.Theres a few excellent tries in this round, with superb build up play being a feature of many, as well as great inter-passing and support play.Fulgence Ouedraogo once again showed his quality as a flanker with turning up in the right place at the right time once again, followed by some finishing that a wing would be proud of.Australian Rugby League convert Mark Gasnier got on the end of an excellent Stade Francais try that was started deep in their own half by Lionel Beauxis, then had some excellent exchanges amongst various players before finding Gasnier. A classic try at number four on the list.Johan Dalla Rivas try for Montauban also came from excellent lead up work, culminating in Dalla Riva collecting the neat chip over the top.The number one try, as chosen in this compilation, comes from former All Black prop Carl Hoeft. Itll make the front row fraternity proud as Hoeft showed that the big boys can also be up in support and take scoring passes nicely.Nice collection of tries. We hope you enjoy. Time: 04:23ADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Related Articles 81 WEEKS AGO scottish prop saves fire victim 84 WEEKS AGO New Rugby X tournament insane 112 WEEKS AGO Vunipola stands by his comments supporting… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedDoctors Stunned: This Removes Wrinkles Like Crazy! (Try Tonight)Smart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingHere’s the Purpose of These Little Bumps in the F and J Keys on Your KeyboardNueey10 Types of Women You Should Never MarryNueeyShe Was the Most Beautiful Girl in the World. What She Looks Like Now is InsaneNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancel ADVERTISEMENT Trending 6 DAYS AGO HUGE controversy sees Borthwick call Pat Lam a liar during heated Prem clash 5 DAYS AGO Melbourne Rebels do their best to wreck Bryn Gatland 4 DAYS AGO Lam’s explanation of bizarre situation that caused heated touchline argument 5 DAYS AGO François Steyn’s ridiculous 60-metre drop goal which left commentators in hysterics 5 DAYS AGO The time Waisale Serevi used his iconic hitch-kick to carve up Scotland in 2000 Great Tries 5 DAYS AGO Eye-opening compilation shows why Taulupe Faletau could harm Springboks this Summer 5 DAYS AGO The time Waisale Serevi used his iconic hitch-kick to carve up Scotland in 2000 1 WEEK AGO Veainu finishes superb try after octopus style offload from Waisea 2 WEEKS AGO FULL MATCH REPLAY: Huge stars on show when All Blacks host Pacific Island XV in 2004 2 WEEKS AGO WATCH: Hooker produces ridiculous speed to score 60-metre wonder try for Hurricanes View All Big Hits & Dirty Play 1 DAY AGO Awesome new Etzebeth montage will have Springboks fans psyched for Summer Lions tour 5 DAYS AGO Melbourne Rebels do their best to wreck Bryn Gatland 5 DAYS AGO Eye-opening compilation shows why Taulupe Faletau could harm Springboks this Summer 5 DAYS AGO Re-live O’Driscoll’s EPIC try-saving tackle in 2003 RWC quarter-final 1 WEEK AGO AWESOME video shows the very biggest and best tackles of the 2020/21 season View All See It To Believe It 4 DAYS AGO Cheetah racer Habana reveals what was actually going through his mind that day 4 DAYS AGO Lam’s explanation of bizarre situation that caused heated touchline argument 5 DAYS AGO François Steyn’s ridiculous 60-metre drop goal which left commentators in hysterics 5 DAYS AGO Re-live O’Driscoll’s EPIC try-saving tackle in 2003 RWC quarter-final 6 DAYS AGO HUGE controversy sees Borthwick call Pat Lam a liar during heated Prem clash View All Funnies 2 WEEKS AGO Joe Marler elated in special interview as fans return to The Stoop 2 WEEKS AGO WATCH: One of the luckiest and most bizarre tries you will EVER see 2 WEEKS AGO WATCH: Reds players caught out in hilarious celebration blooper vs Chiefs 2 WEEKS AGO WATCH: Faz, Piutau and Burns star in hilarious try fail compilation 4 WEEKS AGO MLR: Giltinis howler sees try overruled despite attempts to celebrate View All Amateur 32 WEEKS AGO Viral video of Scottish club brawl goes down a storm with rugby community 69 WEEKS AGO RUGBYDUMP BLITZ: This Best of the Week round up is sure to entertain you 69 WEEKS AGO RD BLITZ – Disaster, just when it looked so promising… 69 WEEKS AGO That glorious moment that will live on forever, like it or not 69 WEEKS AGO RD Blitz – PROP’S Lionel Messi wizardy creates incredible try View All Player Features 16 WEEKS AGO WATCH: Bumping off tacklers and taking high balls, Rob Kearney had an impressive Super Rugby debut 21 WEEKS AGO Brian Moore on money in modern rugby and how it should never be compared to ‘outlier’ football 22 WEEKS AGO Tuisova’s wrecking ball montage will make you grateful you never made it as a pro 28 WEEKS AGO New Zealand rugby pod admit Owen Farrell is world class 29 WEEKS AGO WATCH: Bath prop launches Amazon documentary focused on those from non-traditional backgrounds View All Related Content from the RugbyPass Network ‘What you do today is how you’re going to be remembered’: Spirit of Rugby – Ep 5 In Spirit of Rugby episode 5, Jim Hamilton talks Lions with Matt Dawson, Jeremy Guscott, Rob Kearney, Simon Shaw, Tom Croft and John Bentley. Watch: Reforging the Steelers | Episode 2 | RugbyPass Original Documentary In Episode 2 of Reforging the Steelers, we follow the team through rounds two to four as they try to get their season on track after an opening loss to competition powerhouses Tasman. Leinster finish with Rainbow flourish as fans attend RDS for first time in 16 months Retiring duo Scott Fardy and Michael Bent bowed out on a winning note as Leinster finished the Rainbow Cup with a victory over Dragons. Final round of the Gallagher Premiership hit by a second match cancellation The final round of the Premiership lost the Worcester-Gloucester match on Tuesday and now Bristol versus London Irish is off. Crusaders player ratings vs Rebels | Super Rugby Trans-Tasman Which Crusaders stood out in their 26-point win over the Rebels in the final round of Super Rugby Trans-Tasman? Shock result: Crusaders left to rue costly errors with win over Rebels not enough for final guarantee In a shock result, the Crusaders have failed to record the requisite winning margin needed over the Rebels to book themselves a spot in the Super Rugby Trans-Tasman final and are now reliant on the Blues dropping the ball against the Force. Best tries of the Top 14 – Round 19 | RugbyDump – Rugby News & Videos RugbyDump Home RugbyDump Academy Store About Contact Legal Privacy Policy Cookie Policy Categories Latest Great Tries Big Hits & Dirty Play See It To Believe It Funnies Training Videos Player Features RugbyDump Home RugbyDump Academy Store About Contact Sitemap Categories Latest Great Tries Big Hits & Dirty Play See It To Believe It Funnies Training Videos Player Features Legal Privacy Policy Cookie Policy Sign In Username or Email Password Stay logged in Forgot password Thank you for registering Click here to login Register Register now for RugbyDump commenting & enewsletter. * Required fields. Username * Password * Email * Password Repeat * Please send me news, information and special offers from RugbyDump By clicking register you agree to our Privacy Policylast_img read more

Asafo Aumua took just 16 seconds to make an impact in Super Rugby Aotearoa

first_imgThursday Jul 2, 2020 Asafo Aumua took just 16 seconds to make an impact in Super Rugby Aotearoa Super Rugby Aotearoa kicked off with two thrilling games in week one, including a sold-out clash between the Blues and Hurricanes at Eden Park in Auckland. In the second half of the game, Asafo Aumua entered the fray in typical fashion.ADVERTISEMENTWe’ve seen Aumua, now 23-years-old, pull off multiple feats of athleticism and brute force power in recent years. When playing for New Zealand’s Under 20s, he scored some stunning tries to put himself on the map.That followed with Wellington in the Mitre 10 Cup.He made his All Blacks debut at the age of just 20, and is now a regular player to watch out for when the Hurricanes play, and someone who is always likely to make an impact, especially if from the bench.That’s exactly what happened in round 1 of Super Rugby Aotearoa, when Aumua came on and within seconds, put in an almighty shot on a far larger player. He followed that up a few minutes later with a powerful charge down the left wing, bowling over Otere Black in the process.While each of those moments were not perfect and included some loose play, there’s little doubt as to how exciting he can be to watch.The Hurricanes next play the Chiefs away on Sunday.ADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Big Hits & Dirty Play Related Articles 25 WEEKS AGO Suspensions handed down after testicle grabbing… 26 WEEKS AGO The ‘double ruffle’ splits opinion with fans… 26 WEEKS AGO WATCH: The nastiest and most brutal moments… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyWrinkle Remedy Stuns TV Judges: Forget Surgery, Do This Once DailySmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living30+ Everyday Items with a Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

6 Leadwood Loop / Metropole Architects

first_imgArchDaily Architects: Metropole Architects
 Area Area of this architecture project Houses CopyAbout this officeMetropole Architects
OfficeFollowProductsWoodConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesSouth AfricaPublished on August 28, 2017Cite: “6 Leadwood Loop / Metropole Architects
” 28 Aug 2017. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogWoodTechnowoodPergola SystemsWindowsMitrexSolar WindowMetal PanelsAurubisPatinated Copper: Nordic Green/Blue/Turquoise/SpecialCommunications2NIntercom – 2N® IP BaseSkylightsLAMILUXGlass Skylight FE Pyramid/HippedConcreteKrytonCrystalline Waterproofing – KIMWood Boards / HPL PanelsBruagWall Cladding – MDF Perforated PanelsStonesMikado QuartzQuartz Slab – ClassiqueFloorsFranken-SchotterFlooring Panels – Dietfurt LimestoneWindowspanoramah!®ah! CornerFittingsSaliceStorage Accessories – Excessories, Pull- outArmchairs / Couches / Futons / PoufsEmuSeating System – TamiMore products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/878540/6-leadwood-loop-metropole-architects Clipboard Photographs CopyHouses•South Africa Photographs:  Grant Pitcher Manufacturers Brands with products used in this architecture project “COPY” 6 Leadwood Loop / Metropole Architects
 “COPY”center_img South Africa Projects Year:  Area:  500 m² Year Completion year of this architecture project 2017 Manufacturers: Kone, Miele, Audico, Ken Leiman, Kenny Matthews Pools, Timber TrendsInterior Design:Ann Alderton Bespoke
Feng Shui Consultants: Albert Leroux and Michael RuthvenMain Contractor:Sygnatur ProjectsStructural Engineers:Young and SathariaKitchen, Vanities And Built In Cupboards:Ken LeimanTimber Detailing:Timber Trends
Landscape Implementation:Lynch Frog LandscapesCountry:South AfricaMore SpecsLess SpecsSave this picture!© Grant PitcherRecommended ProductsFiber Cements / CementsRieder GroupFacade Panels – concrete skinFiber Cements / CementsULMA Architectural SolutionsPaper Facade Panel in Leioa School RestorationFiber Cements / CementsDuctal®Ductal® Cladding Panels (EU)Fiber Cements / CementsEQUITONEFiber Cement Facade Panel NaturaText description provided by the architects. The architecture of 6 Leadwood Loop was designed in accordance with Feng Shui principles. The square geometry of the floor plan is aligned with the cardinal axis. The shape, position and orientation of all the spaces and bodies of water were guided by Feng Shui protocols.Save this picture!© Grant PitcherCharacteristics like elemental roof forms with large eaves, overhanging upper storey, play of light and shade, screening, flow of spaces including an uninterupted indoor / outdoor flow and lush landscaping are all hallmarks of Tropical Modern architecture.Save this picture!SectionThe house is a layered composition of individually expressed horizontal elements. The offshutter concrete and glass ground floor level is articulated from the timber clad first floor level by means of the cantilevered first floor plate, and the angled cantilevered ground floor terrace projects out over the timber and stone lower floor level. Subdivisions in the timber doors and windows reinforce the horizontal lines of the architecture. The building culminates in the bold form of the pyramid roof with a two metre overhang, splayed timber eaves brackets and T&G eaves closer.Save this picture!© Grant PitcherSave this picture!Ground Floor PlanSave this picture!© Grant PitcherSave this picture!1st Floor PlanThe site offers exceptional panaramic sea views from the north east through to the south east. The rim flow swimming pool with a natural stone waterfall feature and sundeck have been placed on the north side of the house, enjoying warm sunlight throughout the day, but at the same time being significantly shielded from the prevailing winds coming off the ocean. An al fresco sitting area and shallow reflective pond adorn the east facing terrace, providing a tranquil area to linger and enjoy the natural splendour of the Indian Ocean.Save this picture!© Grant PitcherThe double volume space positioned centrally at the heart of the home acts as a hub that the other spaces radiate out from.Save this picture!© Grant PitcherThe large open plan main bedroom suite integrates a luxurious lounge and an open plan ensuite bathroom and dressing area into one seamless space. Expansive sliding doors and windows along the east and south edges of this space open up to take full advantage of the sea views.Save this picture!© Grant PitcherProject gallerySee allShow lessRicard Camarena Restaurant / Francesc Rifé StudioSelected ProjectsLaboratory for Shihlien Biotech Salt Plant / WZWX Architecture GroupSelected Projects Share ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/878540/6-leadwood-loop-metropole-architects Clipboard 6 Leadwood Loop / Metropole Architects
Save this projectSave6 Leadwood Loop / Metropole Architects
 Save this picture!© Grant Pitcher+ 60 Sharelast_img read more

Borrowers are Getting Back Into the Black

first_img in Daily Dose, Featured, News Tagged with: Home Equity Underwater Borrowers Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / Borrowers are Getting Back Into the Black Related Articles Home Equity Underwater Borrowers 2017-01-08 Brian Honea The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Homeowner equity improved over the first three quarters of 2016 to levels not seen since before the recession, according to the Black Knight Financial Services Mortgage Monitor for November 2016 released Monday.The report found that 4.4 percent of homeowners, or 2.2 million, were in negative equity‒‒the fewest since early 2007‒‒and roughly 1 million homes returned to positive equity over the first three quarters of 2016. This has created $4.6 trillion in available equity, or nearly $118,000 available per borrower. This is the highest market total and highest average per borrower total since 2006 and is within 6 percent of peak totals.“There are now over 39 million borrowers with tappable equity, meaning they have current combined loan-to-value ratios of less than 80 percent,” the report stated.Homes in the bottom 20 percent by price were also nine times more likely to be underwater than those in top 20 percent, according to Black Knight.Ben Graboske, EVP for Data and Analytics at Black Knight, said that whereas negative home equity was once a widespread national problem‒‒with roughly 30 percent of all homeowners being underwater on their mortgages at the end of 2010‒‒it has now become much more of a localized issue.“By and large, the majority of states have negative equity rates below the national average of 4.4 percent,” Graboske said. There are, though, some pockets where homeowners continue to struggle.”Three states in particular stand out: Nevada, Missouri, and New Jersey, all of which have negative equity rates more than twice the national average, he said. Atlantic City leads the nation, with 23 percent of its borrowers underwater, followed by St. Louis at 20 percent.“On the other hand,” Graboske said, “even though the total equity tapped via first-lien refinances hit a seven-year high of more than $70 billion over the first three quarters of 2016, that means less than two percent of available equity has been tapped so far this year. That equity also continues to be accessed safely, with the resulting average post-cash out LTV of 66 percent at near 10-year lows and the average credit score above 750.”Much like the negative equity situation, tappable equity is geographically concentrated as well, although in different areas, he said. The top 10 metropolitan areas contain half of all available lendable equity, and California alone accounts for nearly 40 percent, despite having only 16 percent of the nation’s mortgages.Click here to view the entire Mortgage Monitor for November. The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: The Week Ahead: The Falling National Foreclosure Rate Next: Regulator Releases HSBC from Consent Order About Author: Scott Morgan Scott Morgan is a multi-award-winning journalist and editor based out of Texas. During his 11 years as a newspaper journalist, he wrote more than 4,000 published pieces. He’s been recognized for his work since 2001, and his creative writing continues to win acclaim from readers and fellow writers alike. He is also a creative writing teacher and the author of several books, from short fiction to written works about writing. Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share 1Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Borrowers are Getting Back Into the Black January 8, 2017 3,405 Views  Print This Post Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

Balancing Cost and Quality in Servicing

first_imgHome / Daily Dose / Balancing Cost and Quality in Servicing Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save ServiceMac, a mortgage sub-servicer for banks, investment firms, mortgage bankers, and credit unions has selected IndiSoft’s RX Office Compliance platform to support its enterprise-level quality assurance and quality control processes.“As we round out our technology partners to complete our vision of a unique mortgage sub-servicing solution designed for the digital age in mortgage banking, IndiSoft’s RX Compliance platform is critical in addressing the constantly changing regulatory landscape to ensure superior, cost-effective governance,” said Bob Caruso, CEO for ServiceMac.IndiSoft’s AI-enabled regulatory compliance technology will assist ServiceMac’s adherence to federal, state and investor guidelines, enforcement actions, administrative rulings, court decisions, and internal policies and procedures. Previous: Homebuyers Stretching Budgets for the American Dream? Next: The Wolf Firm Expands to the Northwest, Makes New Appointments in Daily Dose, Featured, News, Servicing Balancing Cost and Quality in Servicing AI Banks IndiSoft laons mortgage ServiceMac Servicing Technology 2019-02-27 Radhika Ojha “Working with a new sub-servicing enterprise, led by Bob and his team, is an exciting opportunity for us. ServiceMac is modernizing the mortgage sub-servicing model unburdened by the need to upgrade or convert from a multitude of legacy and end-user systems,” said Hans Rusli, CEO, IndiSoft LLC. Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: AI Banks IndiSoft laons mortgage ServiceMac Servicing Technology ServiceMac focuses on providing technology, products, and services for the mortgage industry backed by personalized service and support. Through continuous innovation and acquisition, its offerings are comprised of personalized solutions that span the mortgage continuum and enhance security, customer satisfaction, and profitability.IndiSoft LLC is a software development and product company specializing in delivering collaborative technology solutions to a wide range of businesses in the financial services and health care industries. The company’s RX Office Management Solution is its patented technology offering and has been adapted for numerous stakeholders in mortgage banking, law, insurance, education, health care, consumer-facing applications, and the housing advocacy sector. About Author: Radhika Ojhacenter_img Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Subscribe Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post February 27, 2019 1,257 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily last_img read more

Profit Margin On COVID Rapid Test Kits On Higher Side : Delhi HC Fixes Price As ₹400 Per Kit, 40% Less Than ICMR Approved Rate [Read Order]

first_imgNews UpdatesProfit Margin On COVID Rapid Test Kits On Higher Side : Delhi HC Fixes Price As ₹400 Per Kit, 40% Less Than ICMR Approved Rate [Read Order] LIVELAW NEWS NETWORK26 April 2020 12:07 AMShare This – xPublic interest must outweigh private gain, the Court observed.Observing that public interest must outweigh private gain, the Delhi High Court has capped the price of the Rapid Test Kits for COVID19 in a dispute between a distributor and an importer of the kits. By noting that 61% profit mark up of such test kits is bit on a higher side, especially at these extraordinary times when economy has reached a standstill and a serious pandemic is upon us,…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?LoginObserving that public interest must outweigh private gain, the Delhi High Court has capped the price of the Rapid Test Kits for COVID19 in a dispute between a distributor and an importer of the kits. By noting that 61% profit mark up of such test kits is bit on a higher side, especially at these extraordinary times when economy has reached a standstill and a serious pandemic is upon us, the Single Bench of Justice Najmi Waziri reduced the price of the Rapid Test Kits from ₹600 per kit to ₹400.The order stated :”The Court is of the view that a profit mark-up of Rs. 155/- i.e 61% on the landed cost price of Rs. 245/- is much on the higher side and in any case more than sufficient for the seller, for the kits/tests to be made available in India for urgent extensive tests through the country, especially in these present extraordinary circumstances of the worldwide pandemic. The country is going through an unprecedented medical crisis affecting public order. People have been cloistered in their homes or constrained to stay wherever they were on 24th March 2020. The economy is virtually at a standstill for the last one month. There is an element of disquiet apropos one’s safety. For people to be assured that the pandemic is under  control and for governments to ensure and for agencies engaged in the frontline battle to safeguard people’s health, more kits/tests should be made available urgently at the lowest cost, for carrying out extensive tests throughout the country. Public interest must outweigh private gain. The lis between the parties should give way to the larger public good. In view of the above, the kits/test should be sold at a price not beyond Rs. 400/- per kit/test inclusive of GST”The order was passed in a petition filed by Rare Metabolics, who had agreed to be the sole distributor of COVID-19 Rapid Test Kits imported by Matrix Labs (respondent) from China. There was a dispute regarding non-supply of the imported kits to the petitioner. The importer, Matrix Labs, insisted on upfront payment, whereas the petitioner maintained that the payment can be made only after release of funds by the ICMR.The parties agreed to the selling of kits at Rs.400 per test, which is 40% less than the ICMR approved price of Rs.600 per test. The Court recording the concession made by the parties as follows :”Mr. Jayant Mehta, the learned counsel for the petitioners, states upon instructions, that in the interest of the country he would not pursue the matter any further and would give up all further claims, in the case if the importer undertakes to sell the product at not more than Rs.400/- each, inclusive of GST. Indeed, both parties agree to the principle public interest should be paramount and the tests should be made available to the general public at the lowest cost possible. Mr Nagrath, the learned counsel for the respondent submits, that the respondent is ready to and undertakes to supply the kits/tests at Rs.400/- each, plus GST i.e. at 40% lesser than the ICMR approved rate, directly to any Government or its agency or private entity duly approved to carry out these tests”On 25th March, the Petitioner had expressed a desire to get one million SARS COV-2 Antibody Test Kits from China, and the Respondent agreed to import the same. Subsequently, on 27-28th March, ICMR had placed an order for the supply of 5 lakh test kits from the Petitioner at a rate of ₹600/per kit. Of the said order for 5 lakh tests kits, 2.76 lakh have already been delivered to ICMR and the remaining 2.24 lakh tests are expected to be delivered very shortly. It was informed to the court that the said consignment is likely to land in India in the next 24 hours, subject to prioritisation by the Government of India. Therefore, the Petitioner moved the court seeking the release of remaining Rapid Test Kits and other COVID related materials by the Respondent, so that further supplies can be made to the ICMR as per the agreement. The Petitioner argued that according to the bi-partite agreement the material cannot be distributed in India, except through Rare Metabolics, which has already paid Rs. 12.75 crores to the respondent and this amount covers the cost of import of 5 lakh tests at the rate of USD 3 per test and the freight cost. On 17 April, a consignment of 2.76 lakh test kits was delivered to ICMR, the payment for which is still awaited. According to ICMR, such payments are to be paid after the tests after having met the requisite standards set by it. It was the Petitioner’s case that the moment payment is received, it will be immediately remitted to the Respondent. The latter, however, argued that the import was on the understanding between the parties that there would be 100% upfront payment, especially with regards to the consignment for ICMR. The Respondent also informed the court that it had received an order for supply of 50,000 kits/tests, from the Tamil Nadu Government , through an intermediary dealer Shan Biotech and Diagnostics, at the ICMR approved rate of ₹600/- per test. Of this order, 24,000 has been supplied and 26,000 more are to be supplied.Having regard to the pandemic situation, the Court passed the following directions in the facts of the case :Having regard to the pandemic situation, the Court ordered : a. 2.24 lakh tests shall be delivered to ICMR, the moment it lands into India b. The total invoice value raised by the Respondent-importer upon Petitioner is a total of ₹21 crore. The Respondent has received ₹12.75 crores. The balance amount of ₹8.25 crores shall be first paid to the importer before any monies received from ICMR by Petitioner is adjusted for any other purpose. Such monies shall be paid to the respondent within 24 hours of it coming into the petitioner’s bank account. While understating the gravity of public interest involved in this case, the Respondent importer agreed to supply the kits/tests at ₹400/- each, plus GST i.e. at 40% lesser than the ICMR approved rate, directly to any Government or its agency or private entity duly approved to carry out these tests. After talking such submissions on record, and the fact that the public interest has to prevail over private profit, the court directed that from the other 5 lakhs kits/tests, 50,000 shall be excluded for the State of Tamil Nadu and the remaining 450,000 would be available to the Respondent to be disposed-off in terms of the above, directly to any Government or governmental agency or any private entity which has received due approval to carry out such tests. Advocates Jayant Mehta & Anshumaan Sahni, appeared for the petitioner.Advocates Amitabh Chaturvedi, Jeevesh Nagrath,  Sangeeth Mohan & Chandan Dutta appeared for the respondent.Click here to download orderRead Order 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

Migrant Workers: Fresh Plea In SC Seeks Directions For Identification Of Displaced Migrants Pan India, Allay Their Hardships

first_imgTop StoriesMigrant Workers: Fresh Plea In SC Seeks Directions For Identification Of Displaced Migrants Pan India, Allay Their Hardships Sanya Talwar21 May 2020 3:59 AMShare This – xA PIL has been preferred in the Supreme Court seeking directions to local administrations and police authorities pan India to identify displaced migrant workers and equip them with basic amenities during subsistence of the national lockdown.The plea has been moved by a lawyer Nachiketa Vajpayee and filed by Advocate Deepak Prakash. It takes into account the hardships faced by migrant workers…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?LoginA PIL has been preferred in the Supreme Court seeking directions to local administrations and police authorities pan India to identify displaced migrant workers and equip them with basic amenities during subsistence of the national lockdown.The plea has been moved by a lawyer Nachiketa Vajpayee and filed by Advocate Deepak Prakash. It takes into account the hardships faced by migrant workers who have found themselves in dire straits with their fundamental rights being violated across the country.In light of this, the petitioner brings to the fore, an order passed by the Top Court on March 31 (In Alakh Alok Srivastava V. Union of India) wherein the bench took note of the “anxiety” and “fear” of the migrant workers which was required to be understood by the police and other authorities. The court had noted, “As directed by the Union of India, they should deal with the migrants in a humane manner. Considering the situation, we are of the opinion that the State Governments/UTs should endeavour to engage volunteers along with the police to supervise the welfare activities of the migrants. We expect those concerned to appreciate the trepidation of the poor men, women & children and treat them with kindness”It is contended by the petitioner that the aforementioned directions have not been complied with by the authorities.”The very purpose of the said order stands defeated since thousands of distressed migrant workers have gathered at railway stations and bus stops, seeking relief from the authorities. Thousands of workers continue walking to their villages with minor children, old age persons, ladies, without food or water and are found to be violating social distancing guidelines” – Excerpt of PetitionThe plea states that the instant plea is not adversarial in nature and that while all such violations are the “unintended consequences of the unprecedented National lockdown”, it is still the “foremost fundamental duty to protect and safeguard the lives and well-being of its citizens”.It is emphasised that the mass movement is prevalent in the States of UP, Punjab, Haryana & Delhi “wherein currently, the situation has gone extremely out of law and order”. Therefore the Petitioner has impleaded the respective State Government’s as well.Furthermore, in order to highlight the plight of migrant workers, petitioner has annexed several news reports which are “just the tip of the iceberg and provide only a small glimpse of the immense, countless, unimaginably inhuman hardships being faced by…. millions of migrant workers….” the petitioner contends.Apropos this, it is prayed, inter alia, that the Government and concerned authorities establish hygienic accommodations by way of refugee camps or requisition schools/ other properties to “allay the exodus” of the migrant workers”, provide adequate nutrition and healthcare facilities to them, set up a social monitoring committee – fully dedicated towards providing relief at the district levels throughout India.Click Here To Download PetitionNext Storylast_img read more

Kerala Brings Ordinance Making Cyber Defamation/Intimidation An Offence Punishable With Imprisonment Upto 3 Years

first_imgNews UpdatesKerala Brings Ordinance Making Cyber Defamation/Intimidation An Offence Punishable With Imprisonment Upto 3 Years LIVELAW NEWS NETWORK21 Nov 2020 12:52 AMShare This – xThe Kerala Governor has reportedly signed an ordinance to incorporate Section 118A in the Kerala Police Act which makes intimidation, defamation, or insulting of any person through social media as an offence punishable with imprisonment of term upto Three years and/or upto Rs. 10,000/- fine.The Governor of Kerala Arif Mohammed Khan has signed the Kerala Police Act Amendment ordinance, the…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 Kerala Governor has reportedly signed an ordinance to incorporate Section 118A in the Kerala Police Act which makes intimidation, defamation, or insulting of any person through social media as an offence punishable with imprisonment of term upto Three years and/or upto Rs. 10,000/- fine.The Governor of Kerala Arif Mohammed Khan has signed the Kerala Police Act Amendment ordinance, the PTI reported.The provision stipulates either imprisonment for up to five years or a fine of up to Rs 10,000 or both to those who produce, publish or disseminate content through any means of communication with an intention to intimidate, insult or defame any person through social media.Last month, the Kerala cabinet had made this recommendation to the Governor. It had stated in the press release that the ordinance is to ameliorate the concerns about the increasing incidents of crimes perpetrated through social media. The existing laws are found to be insufficient to deal with such crimes, especially after the Supreme Court struck down Section 66A of the Information Technology Act and Section 118(d) of Kerala Police Act, it had said.Various activists and political parties have been criticizing this move by the Government saying that it would tantamount to curbing free speech.Pertinently, as per Section 118(d) of the Act [which was later struck down by the Supreme Court] any person who causes annoyance to any person in an indecent manner by statements or verbal or comments or telephone calls or calls of any type or by chasing or sending messages or mails by any means; shall, on conviction be punishable with imprisonment for a term which may extend to three years or with fine not exceeding ten thousand rupees or with both. In Shreya Singhal judgment, the Supreme Court had held that Section 118(d) violated Article 19(1)(a) of the Constitution of India. The offence of ‘causing annoyance in an indecent manner’ suffers from the same type of vagueness and overbreadth, the court had observed while striking down this provision as unconstitutional. The court had, however, rejected the challenge against the provision on the ground of legislative incompetence. The penalty created for causing annoyance in an indecent manner in pith and substance would fall within Entry 1 List III which speaks of criminal law and would thus be within the competence of the State Legislature in any case, it had said. Image courtesy: Deccan ChronicleClick Here To Download Notification[Read Notification]  Next Storylast_img read more

Latest tallies from Donegal Electoral Area

first_img Twitter Loganair’s new Derry – Liverpool air service takes off from CODA WhatsApp Community Enhancement Programme open for applications Google+ By News Highland – May 25, 2019 Pinterest Twitter Facebook Renewed calls for full-time Garda in Kilmacrennan Google+ Latest tallies from Donegal Electoral Area Publicans in Republic watching closely as North reopens further RELATED ARTICLESMORE FROM AUTHOR Previous articleSenator Mac Lochlainn reacts to emerging race for European ParliamentNext articleEarly tallies for Stranorlar/Lifford showing Harley performing well News Highland Important message for people attending LUH’s INR clinic Facebook Arranmore progress and potential flagged as population grows Newsx Elections 2019 WhatsApp Pinterestlast_img read more