How history forgot Felipe and Vivián Espinosa, two of the American West's most brutal killers — and the complicated story behind their murderous rampage.
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Last Saturday night, Musk was spotted driving around Malibu and Los Angeles in the much-discussed Cybertruck. Some parts of the ride were smoother than others.
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Finn Wolfhard went from dressing up as a Ghostbuster in "Stranger Things" to appearing in a "Ghostbusters" movie (one that appears to forget the 2016 movie ever happened).
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Looking back at my experience, I'm still stunned by how easy the whole process was. Deepfake porn forums appear on the first page of Google's search results, and creators are willing to make deepfakes for anyone with 13 seconds of video and $30.
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Infowars host Owen Shroyer interrupted House Judiciary Committee Chairman Jerry Nadler's opening statement during the impeachment hearing today, crying "Americans are sick of your impeachment scam."
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Treat yourself to a targeted, rejuvenating massage after any workout or long day on the job with the ExoGun DreamPro Percussion Massage Device. Normally $119.99, get it for $95.99 with GREENMONDAY20.
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The normal reality is that you end up only photocopying the outline of the puddle. But the bizarre reality that exists in this video is so much better.
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For nearly two decades of war in Afghanistan, U.S. leaders have sounded a constant refrain: We are making progress. They were not, documents show, and they knew it.
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In the ninth entry of the DC Cinematic universe, Gal Gadot's Wonder Woman is reunited with Chris Pine and the film includes appearances from Kristen Wiig and Pedro Pascal.
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A British Airways passenger caused chaos after trying to open the aircraft door during a flight, but air pressure and clever design makes it impossible.
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Congressman Nunes was asked about his communication with Lev Parnas by The Intercept and instead of answering, or denying comment, he started to record the interaction himself.
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Victor Pedro got acclaim and state funding for his unusual method of treating brain injuries. There's a lack of evidence that it works, and medical experts are outraged. But his patients insist he's cured them. Here's how that's possible.
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The World Anti-Doping Agency has unanimously agreed to ban Russia from major international sporting competitions — notably the Olympics and the World Cup — for four years over doping non-compliance.
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As a shy teen, my cure for loneliness was a weird and wonderful world where we created fake celebrity profiles — and formed surprisingly intimate connections.
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"I WROTE YOU A THREE-PAGE LETTER CONTAINING SOME OF MY THOUGHTS," the man who murdered Jo Cox told me, replying to a letter I had sent to him in prison. His note was short, just half a side of A4 paper, and there was no sign of the other three pages he mentioned.
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Perfect for the anti-aviary (or bird fanatic with a sense of humor), this snarky illustrated handbook is equal parts profane, funny, and — let's face it — true.
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Over the last 10 years, a steady stream of new series has turned into an unstoppable flood. But if you can survive the onslaught, there are ample rewards.
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My mother grew up knowing that her father had wanted to be a writer — and, along with the red hair and the freckles, she inherited those aspirations. So did I.
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As psychiatrists and philosophers begin to define a pervasive mental health crisis triggered by climate change, they ask who is really sick: the individual or society?
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A lawsuit says that a federal prison work camp employed no fewer than seven officers who took advantage of their access and authority to sexually abuse the women in their control.
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We've got our first pics of the Yemen missile seizure. Hook says land attack and anti ship cruise missiles, SAMs, and ATGMs. Pics on the right look like Dehlaviyeh anti-tank missile tubes (Iranian Kornets) pic.twitter.com/wM5zU3hTyL
The US government announced on Thursday that it had intercepted a weapons stash which it alleges was destined for Houthi militants and delivered by Iran. This comes as the Trump administration steps up its pressure on the Iranian government.
The US government on Thursday released photos of missile parts which military officials claim to be of Iranian origin and allegedly meant to be delivered to Yemen.
Brian Hook, the US Special Representative for Iran and a senior adviser to Secretary of State Mike Pompeo, displayed the photos during an official briefing on Thursday.
The FBI is investigating the fatal shooting at a Naval base in Florida as an act of terrorism, a special agent said Sunday.
Rachel Rojas, special agent in charge of the FBI's Jacksonville office, told a news conference Sunday that the investigation was taking place under the "presumption" it was an act of terrorism, but that the gunman had likely acted alone.
"We currently assess there was one gunman who perpetrated this attack and no arrests have been made in this case," she said.
WATCH: Hundreds of thousands of people march through the streets of Hong Kong, in the biggest demonstration since pro-democracy candidates swept the board in the city's local elections last month. https://t.co/moaJ7BCEVYpic.twitter.com/9HSq30oyXe
New Zealand authorities say a volcano has erupted on a small island often frequented by tourists. Prime Minister Jacinda Ardern said people were injured and missing after the eruption on White Island while about 100 people were on or near the island. https://t.co/zRz0ThyUTZ
WNU Editor: I live in Canada and I always watch and follow Canadian news. The above Facebook post gives President Trump the last laugh. On a side note. President Trump's Facebook post was completely ignored by the Canadian media this weekend, they focused instead on Canadian Prime Minister Trudeau's spat with President Trump during last week's NATO summit.
WNU Editor: I closely follow Ukraine news, and the Ukraine press is now extensively reporting on past U.S. involvement and interference in Ukrainian judicial affairs, court cases, and investigations. But it is a sad state of affairs that the only American news agency interested in following up on all of these stories, including former U.S. Ambassador Marie Yovanovich's "untouchables" list, is OAN. To put it bluntly, if OAN can go to Ukraine and interview principals in the impeachment scandal, why can't ABC, NBC, CBS, CNN, MSNBC, the Washington Post, New York Times, etc.? Do they care? Or is it because they are not interested in knowing what actually happened?
This is an important story, because it does not only undercut the thesis of the whole impeachment endeavor, but I am willing to bet that this will be used as evidence that the House prosecutors will be confronted with if there's a trial in the Senate. How do I know this. If you look at the video the person that the Ukraine Prosecutor is talking to is the President's own personal lawyer Rudy Giuliani.
WASHINGTON - The leader of the House of Representatives committee weighing articles of impeachment against President Donald Trump contended Sunday that there is a "rock solid case" against the U.S. leader.
Congressman Jerrold Nadler declared on CNN that Trump would be found guilty in "three minutes flat" if he were facing charges before a criminal court jury that he abused his office by soliciting Ukraine to investigate one of his chief 2020 Democratic presidential challengers, former Vice President Joe Biden.
Nadler said if Trump "had any exculpatory evidence," he would be making it known rather than rejecting participation, as the White House has, before the Democratic-controlled House Judiciary Committee's consideration of impeachment allegations against the Republican president.
An investigation by the Justice Department's internal watchdog is expected to find that the FBI's Russia probe was valid but flawed, The Associated Press reported Sunday.
Inspector General Michael Horowitz's report, which is scheduled to be released on Monday, is anticipated to counter President Trump's claims that the FBI investigation into Russian election interference and his 2016 campaign's alleged connections to Moscow was unfounded, according to the AP.
But the inspector general's investigation will reportedly note that errors made during the FBI probe, upon which the president may seize.
WNU Editor: The person who is the responsible for this investigation is not optimistic that this Department of Justice Inspector General's report will be telling the full story .... Carter Page: Horowitz report will only tell 'part of the story' (The Hill). More here .... Carter Page, on eve of DOJ IG report, says findings will only tell 'part' of the story (FOX News). I think Carter Page is right .... there must be a lot of information that they will want to keep classified and not released to the public. The US Attorney General also has some reservations .... Bill Barr's Reservations About the IG Report (RCP). As to what's my take. The IG report will focused on FISA irregularities, and the role that the FBI played. We also now know that the Trump campaign was under surveillance, and that President Trump's claims that he was being "spied on" are true. There is also now a full fledged criminal investigation into potential FBI and Justice Department misconduct in the run-up to the 2016 election by U.S. Attorney John Durham. I expect this IG report is going to illuminate the reasons why Durham's probe has become a criminal inquiry. What I am also looking forward to is Inspector General Michael Horowitz's testimony to Congress on Wednesday. My gut tells me that if this hearing is open to the public, we are going to get answers to questions that many of us have been waiting for a very long time.
More News On US Inspector General's Report On Russia Probe To Be Made Public Tomorrow
Mexico had asked the US not to label cartels as terrorist groups due to concerns over sovereignty. The issue came to the fore after nine US-Mexican citizens were killed by cartel members in early November.
US President Donald Trump said Friday he would temporarily refrain from designating Mexican drug cartels as terrorist groups.
The decision came in response to a request from Mexican President Andres Manuel Lopez Obrador, whose government said the terrorism label would infringe on its sovereignty.
"All necessary work has been completed to declare Mexican Cartels terrorist organizations,'' Trump wrote on Twitter. ``Statutorily we are ready to do so."
Since the election of Taiwan's President Tsai Ing-Wen in 2016, tensions between China and Taiwan have increased. File Photo courtesy of Office of the President of Taiwan
WASHINGTON, Dec. 5 (UPI) -- The chances that China will invade Taiwan have increased, but the risk might be too great, two experts said at a conference in Washington, D.C.
"As each day, week, month and year pass over the course of the next decade, there will be increasing pressure within Zhongnanhai to use force," James Fanell, former U.S. Pacific Fleet director of intelligence and information operations, said at a Center for Strategic and International Studies conference. Zhongnanhia is the headquarters of the Communist Party of China.
But Tim Heath, a senior international defense researcher at the RAND Corp., said at the conference Wednesday that China knows using military force could strengthen alliances trying to dampen Chinese growth as a global leader.
An independent international audit of Bolivia's disputed election in October has detailed "deliberate" and "malicious" efforts to rig the vote in favour of then-President Evo Morales.
The Organization of American States (OAS) said the measures included hidden servers and falsified signatures.
Mr Morales fled to Mexico after the army urged him to quit. He has not commented on the report.
The interim president has pledged new elections but no date has yet been set.
Jeanine Áñez, a former right-wing senator, called the OAS findings "frightening". She has previously said Mr Morales, Bolivia's first indigenous president who was seeking a fourth term, should face prosecution if he returns to the country.
* Rene Auberjonois has died at 79 after a battle with metastatic lung cancer
Star Trek actor Rene Auberjonois has died at 79 after a battle with metastatic lung cancer.
The actor best known for his roles in Star Trek: Deep Space Nine, MASH and Boston Legal passed away at his California home, his son Remy-Luc has confirmed.
'We're sad to confirm that René passed away today, Sunday,' a post on his official Twitter account read Sunday.
He was remembered on social media by his Deep Space Nine co-star Armin Shimerman, who played Quark.
WNU Editor: It was about 25 years ago and I was in a coffee shop in Montreal on an early Sunday morning having a coffee and a muffin and low and behold the person who sits at the table next to me was Rene Auberjonois. I kept to myself for a few minutes until some Star Trek fans recognized who he was, and then everyone started talking.A gifted actor, he will be missed.
Western intelligence agencies tracked up to 15 members of Russia's military intelligence agency, the GRU, including 2 who poisoned a defector in London.
WASHINGTON — A group of elite Russian military intelligence officers, including some of those who planned the poisoning of a defector in Britain, have been operating out of picturesque villages in the French Alps, Western intelligence officials tell NBC News.
Confirming a report in France's Le Monde daily that could have been ripped from the pages of a John le Carré spy novel, the officials said European and American intelligence agencies had been tracking up to 15 members of the Russian military intelligence agency known as the GRU who had lived for a time in France. Le Monde published what it said were the names of the officers, some of which had already been published by Bellingcat, an open source investigative group.
Le Monde reported that among the Russians who stayed in France's Haute-Savoie department in the Alps were Alexander Petrov and Ruslan Boshirov — the alleged cover names of the two GRU agents accused of carrying out the attack on Skripal. French officials told the newspaper they considered the area to have been the unit's rear base for covert operations in Europe.
The US has resumed talks with the Taliban in Qatar, a US source said, in a renewed bid to end the long war in Afghanistan. It comes months after the US president abruptly halted diplomatic engagement with the insurgents.
US talks with the Taliban were resurrected in the Qatari capital on Saturday, according to reports.
"The US rejoined talks today in Doha. The focus of discussion will be reduction of violence that leads to intra-Afghan negotiations and a ceasefire," a US source told the AFP news agency on Saturday.
The statement comes after the US special envoy for Afghanistan, Zalmai Khalilzad, made a two-day visit to Kabul to launch an "accelerated effort" to get Afghans on both sides of the conflict to the negotiating table to plot a road map to a post-war Afghanistan.
* Head of Russian Northern Fleet has warned NATO countries risk war over Arctic * Vice-Admiral Alexander said NATO should 'keep out' of mineral-rich polar areas * Moiseev warned that Western military exercises in region had greatly increased * It comes as Putin ordered reopening of military bases along Russia's Arctic coast
The risk of war in the Arctic involving Russia and NATO is rising, claimed a top Kremlin commander.
The chilling forecast came from hawkish head of the Russian Northern Fleet, Vice-Admiral Alexander Moiseev, warned NATO countries risk war over the Arctic, head of the Russian Northern Fleet.
He pointed to an alleged significant increase in NATO's presence in polar waters warning that military exercises by Britain and the US along with other Western countries have doubled in five years.
WNU Editor: IMHO Vice admiral Alexander Moiseev is one of the most hawkish commanders in the Russian military. His warnings (and threats) do not surprise me.
Ukrainian President Volodymyr Zelenskiy is under immense pressure ahead of Monday's summit with Vladimir Putin in Paris. Zelenskiy wants peace — but any concessions could spark an outcry at home.
Expectations are enormously high for the first face-to-face meeting between Ukrainian President Volodymyr Zelenskiy and Russian President Vladimir Putin in Paris on Monday. Observers in the media and politics agree: the talks between the heads of state and government from Ukraine, Russia, Germany and France could mark a turning point.
WNU Editor: What's my take. Ukrainian President Volodymyr Zelenskiy was overwhelmingly elected on a very clear road-map to achieve peace in eastern Ukraine and with Ukraine's Russian minority. If he chooses to ignore those promise and commitments, there will be no peace in Ukraine.
More News On Tomorrow's Summit Between Presidents Putin And Zelenskiy
* Briefcase said to contain codes to Russia's nuclear arsenal shown on television * Inside of cheget displayed on Zvezda, a channel run by the Ministry of Defence * Controller has distinctly unmodern-looking number pad and four large buttons
A Russian television network has given a rare glimpse into one of three carefully guarded briefcases that Moscow could use to trigger nuclear strikes.
The case, which has a personalised key code, a flash card and is under constant supervision, is said to remotely control Russia's nuclear arsenal.
It allows president Vladimir Putin to give the order to launch a nuclear weapon by sending a permission code to the Strategic Missile Forces. The cases can also warn Putin and two other high-ranked officials who carry them of any early signs of a nuclear attack.
The U.S. military believes that an unarmed American drone reported lost near Libya's capital last month was in fact shot down by Russian air defenses and it is demanding the return of the aircraft's wreckage, U.S. Africa Command says.
Such a shootdown would underscore Moscow's increasingly muscular role in the energy-rich nation, where Russian mercenaries are reportedly intervening on behalf of east Libya-based commander Khalifa Haftar in Libya's civil war.
Haftar has sought to take the capital Tripoli, now held by Libya's internationally recognized Government of National Accord (GNA).
U.S. Army General Stephen Townsend, who leads Africa command, said he believed the operators of the air defenses at the time "didn't know it was a U.S. remotely piloted aircraft when they fired on it."
Three US Navy sailors were killed when they "didn't run from danger" after a gunman opened fire at a US Navy base in Florida, US Navy officials said.
"When confronted ... they ran towards it and saved lives. If not for their actions, and the actions of the Naval Security Force that were the first responders on the scene, this incident could have been far worse," said Capt. Tim Kinsella, the base commander officer.
The sailors were Airman Mohammed Sameh Haitham, 19, of St. Petersburg, Florida; Airman Apprentice Cameron Scott Walters, 21, of Richmond Hill, Georgia; and Ensign Joshua Kaleb Watson, 23, from Coffee County, Alabama.
* Organisers claim another massive turnout, while police say it peaked at 180,000 * Procession from Causeway Bay to Central largely peaceful until nightfall, when protesters allegedly hurled petrol bombs at court buildings
Hundreds of thousands flooded Hong Kong's commercial heart on Sunday to mark six months of their fight against the government, saying that while city residents had become more united and won international support, officials still failed to meet their demands for greater democracy and accountability.
The march was largely peaceful until nightfall, when some radical protesters allegedly hurled petrol bombs at the entrance of the High Court and Court of Final Appeal. That came after police confiscated weapons including knives and a Glock semi-automatic pistol in raids before the rally began.
Politicians say they were offered hundreds of thousands of dollars for their support before country switched diplomatic recognition to Beijing.
Solomon Islands politicians allege both China and Taiwan offered bribes of hundreds of thousands of dollars to gain their support during a diplomatic row that rocked the country earlier this year.
In September the prime minister of the Solomon Islands, Manasseh Sogavare, formally severed ties with Taipei and established relations with Beijing, ending the country's 36-year relationship with Taiwan.
The decision had reverberations around the world, incensing US senators, outraging the Taiwanese, influencing Kiribati to also abandon Taiwan less than two weeks later, and causing headaches for Australia at a time when Beijing's influence in the Pacific appears to be expanding. Now, just 15 countries recognise Taiwan.
BAGHDAD (Reuters) - A rocket fired from a drone targeted the home of populist Iraqi cleric Moqtada al-Sadr on Saturday, lawmakers from his Saeroon party said, following one of the capital's bloodiest nights in recent weeks.
The drone attack, which caused little damage and left no casualties, followed a deadly attack by armed men near Baghdad's main protest site on Friday night, which left at least 23 dead, police and medical sources said.
Nearly 130 others were wounded by gunfire and stabbings targeting anti-government protesters at the Sinak bridge near Tahrir Square, the sources said. The death toll includes three members of the police.
(BEIJING) — People who were at vocational training centers in China’s far west Xinjiang have all ”graduated” and are living happy lives, an official said Monday. But Uighurs and other predominantly Muslim ethnic minorities from the region say their family members continue to be arbitrarily detained in camps and prisons.
Shohrat Zakir, Xinjiang’s Uighur governor, made the remarks during a press briefing as part of a strident propaganda campaign launched following U.S. Congress’ approval last week of the Uighur Human Rights Policy Act.
“When the lives of people of all ethnic groups in Xinjiang were seriously threatened by terrorism, the U.S. turned a deaf ear,” Zakir said at a press briefing. “On the contrary, now that Xinjiang society is steadily developing and people of all ethnicities are living and working in peace, the U.S. feels uneasy, and attacks and smears Xinjiang.”
The U.S. legislation condemns the mass detentions of an estimated more than 1 million Uighurs, Kazakhs and others. It also raises possible sanctions against Chinese government officials deemed responsible for human rights abuses in Xinjiang.
Former detainees and their relatives have told The Associated Press that the centers for “re-education” were essentially prisons where they were forced to renounce Islam and express gratitude to the ruling Communist Party. They were subject to indoctrination and torture, the detainees said.
While Chinese authorities have described the detentions as a form of vocational training, classified documents recently leaked to a consortium of news organizations revealed a deliberate strategy to lock up ethnic minorities even though they had not committed any crimes.
Xu Hairong, the Communist Party chief of Urumqi city, Xinjiang’s capital, did not dispute the documents’ authenticity. He said, however, that there was no such thing as “detention camps.”
“The reports by The New York Times, the International Consortium of Investigative Journalists and other foreign media organizations are purely malicious attempts to smear and discredit Xinjiang’s vocational education centers and its counter-terrorism and de-radicalization efforts,” Xu said.
Officials have repeatedly declined to say how many people are in the centers but insist the figure is far less than 1 million. Zakir said Monday the number is “dynamic.”
All those in the centers who were studying Mandarin Chinese, law, vocational skills and deradicalization have “graduated” and found stable employment, Zakir said, adding that others such as village officials, farmers and unemployed high school graduates continue to enroll on a rolling basis in programs that allow them to “come and go freely.”
Some ex-detainees have told AP they were forced to sign job contracts and barred from leaving factory grounds during weekdays, working long hours for low pay. Many Uighurs abroad also say their relatives are in prison, not camps, after being sentenced on vague charges of extremism.
Monday’s briefing was the latest in a slew of public rebuttals from the Chinese government in response to the U.S. Uighur human rights bill, which Beijing has called a violation of international law and interference in China’s internal affairs. The legislation further muddied U.S.-China ties, which were already strained over trade and pro-democracy demonstrations in Hong Kong.
During the briefing, officials played a clip from a documentary released last Friday by CGTN, the international branch of state broadcaster CCTV. The documentary, called “Fighting Terrorism in Xinjiang,” showed old footage of terrorist attacks over the last decade, including bombings and stabbings such as the knife attack that killed 31 people outside a railway station in southern Kunming city in 2014.
___
Associated Press journalist Dake Kang in Hong Kong contributed to this report.
(WELLINGTON, New Zealand) — A New Zealand volcanic island erupted Monday in a tower of ash and steam while dozens of tourists were exploring the moon-like surface, killing five people and leaving many more missing.
The site was still too dangerous hours later for police and rescuers to search for the missing.
Police Deputy Commissioner John Tims said the number of those who remained missing was in the double digits but he couldn’t confirm an exact number. He said there were fewer than 50 people on the island when it erupted and 23 had been taken off, including the five dead.
Tims said experts had told them the island remained unstable but search and rescue teams wanted to get back as quickly as they could. He said there had been no contact with any of those who were missing.
He said both New Zealanders and overseas tourists were among those who were dead, missing or injured. He said most of the 18 who survived were injured and some had suffered severe burns.
Some of those involved were guests from the Royal Caribbean International cruise ship Ovation of the Seas.
“A number of our guests were touring the island today,” the company said. “We will offer all possible assistance to our guests and local authorities. Please keep all those affected in your prayers.”
The cruise ship, which had left from Sydney last week, was scheduled to sail to the capital Wellington on Monday night but the company said it would instead remain in the Tauranga port overnight until it learned more on the situation.
“My god,” wrote Michael Schade on Twitter as he posted video of the eruption. “My family and I had gotten off it 20 minutes before, were waiting at our boat about to leave when we saw it. Boat ride home tending to people our boat rescued was indescribable.”
His video showed a wall of ash and steam around the island and a helicopter badly damaged and covered in ash. He said one woman was badly injured but seemed “strong” by the end.
Prime Minister Jacinda Ardern said she was traveling to the region late Monday. She said the incident was “very significant.”
“All our thoughts are with those affected,” she said.
Brad Scott, a volcanologist with research group GNS Science, said the eruption sent a plume of steam and ash about 12,000 feet (3,660 meters) into the air. He said it had also affected the whole of the White Island crater floor.
The GeoNet agency, which monitors volcanoes and earthquakes in New Zealand, at first raised its alert level to four, on a scale where five represents a major eruption. It later dropped the alert level back down to three. Scott said that was because the eruption wasn’t sustained beyond the initial blast.
White Island sits about 50 kilometers (30 miles) offshore from mainland New Zealand. Already people are questioning why tourists were still able to visit the island after scientists recently noted an uptick in volcanic activity.
GeoNet raised the alert level on White Island from one to two on Nov. 18, noting an increase in the amount of sulfur dioxide gas, which originates from magma deep in the volcano. It also said at the time that over the previous weeks, the volcanic tremor had increased from weak to moderate strength.
Scott said the alert level was often raised and then later dropped again without any eruption. He said there hadn’t been any major incidents with tourists visiting the island in the past, although there had been some close calls.
Scott said it was not for him to say whether the island was safe enough to host tourists immediately before Monday’s eruption.
Ardern said the focus remained on the search and rescue mission for now and questions about whether tourists should be visiting would be addressed later.
“In the scheme of things, for volcanic eruptions, it is not large,” said Ken Gledhill from GeoNet. “But if you were close to that, it is not good.”
White Island is northeast of the town of Tauranga on North Island, one of New Zealand’s two main islands. Police were asking people to avoid areas on the North Island that were close to the eruption, including the Whakatane Heads and Muriwai Drive areas.
GeoNet said White Island is New Zealand’s most active cone volcano and about 70% of the volcano is under the sea.
Twelve people were killed on the island in 1914 when it was being mined for sulfur. Part of a crater wall collapsed and a landslide destroyed the miners’ village and the mine itself.
The remains of buildings from another mining enterprise in the 1920s are now a tourist attraction, according to GeoNet.
The island became a private scenic reserve in 1953, and daily tours allow more than 10,000 people to visit the volcano every year.
The island is also known by the indigenous Maori name Whakaari.
Two senior leaders of an American business organization in Hong Kong were denied entry to neighboring Macau over the weekend amid heightened tensions between the U.S. and China.
The president of the American Chamber of Commerce in Hong Kong, Tara Joseph, and the group’s chair, Robert Grieves, were separately denied entry into the Chinese-ruled territory on Saturday.
Neither Grieves nor Joseph was given a reason for being turned away.
“We are puzzled as to why this happened, given this was simply a social occasion to celebrate AmCham Macau’s annual gathering,” an AmCham spokesperson said in a statement.
Both Joseph and Grieves were en route to Macau to attend AmCham’s annual ball, which the Chief Executive of Macau and the U.S. Consul General in Macau and Hong Kong were expected to attend.
Their refused entry comes at a time of escalating fiction between Washington and Beijing. The world’s first and second largest economies are trying to end their bruising trade war, while also clashing over the ongoing political unrest in Hong Kong.
In November, President Donald Trump signed the Hong Kong Human Rights and Democracy Act in support of the pro-democracy protests that have gripped the financial hub since early June. The legislation will require the State Department to annually assess whether Hong Kong retains sufficient political autonomy from Beijing to merit favorable trading terms with the U.S.
In retaliation, China banned U.S. Navy visits to Hong Kong and slapped sanctions on several U.S.-based NGOs. Beijing perceives the protest movement as the result of meddling by foreign governments, including the U.S.
“We hope that this is just an over reaction to current events and that international business can constructively forge ahead,” AmCham said in the statement.
The AmCham leaders were made to sign statements saying they had “voluntarily agreed not to pursue entry into Macau,” before they were sent back to Hong Kong, the statement adds.
With Hong Kong in the midst its worst political crisis in decades, Beijing has proffered Macau as a successful example of the so-called “one country, two systems” model that governs both Special Administrative Regions.
Macau has been quick to clamp down on any shows of solidarity for its neighboring enclave. Officials in Macau have denied requests for demonstrations and have reportedly detained several people showing support for the Hong Kong protesters.
Chinese President Xi Jinping is expected to visit Macau next week for celebrations marking the twentieth anniversary of the former colony’s handover from Portugal.
What started off as Hong Kong’s summer of protest has now reached the six-month mark, a reflection of the lack of political compromise on both sides. On June 9, a million people (according to the organizer’s estimate) peacefully took to the streets, decrying what they saw as China’s encroachment on the semi-autonomous enclave’s cherished liberties. Since then, the protests have become considerably smaller but more violent. They also show no signs of abating.
As the movement hits its half-year anniversary, here are five things to know about it.
A controversial extradition bill that triggered the protests was withdrawn in October
A divisive bill that would have allowed suspects to be extradited to mainland China for the first time was formally withdrawn on Oct. 23. The move was seen as a victory by protestors, who feared the bill would be used by Beijing to round up dissidents and critics in the territory. But most saw the withdrawal as coming too late. A key protest slogan, “five demands, not one less,” reflects the broadening of the movement beyond the extradition bill controversy. The additional demands include calls for a directly elected leader of Hong Kong and an investigation into police handling of the protests.
Protestors and authorities have dramatically escalated the use of force
Teargas-filled streets, petrol bombs and arson have become the norm at protests. According to official figures, more than 6,000 protestors — a significant number below the age of 18 — have been arrested on charges ranging from criminal damage to participating in a riot. Police have fired around 16,000 rounds of tear gas and 10,000 rubber bullets. Three protestors have been shot with live rounds, including a 21-year-old critically injured last month. A street cleaner reportedly filming violent protestors died after being struck in the head by a brick, and a man was set on fire during an argument with protestors. Around 480 police officers have also been injured, including one slashed in the neck with a box cutter and another shot in the thigh with a bow and arrow. The government has time and again condemned the use of force and asked citizens to “say no” to violence, but extremists have refused to switch tactics. Peaceful campaigners have also failed to disown the violent behavior of radicals.
The government’s invocation of emergency laws led to questions over judicial independence
In October, the government activated an emergency ordinance to outlaw the wearing of face masks. The move sparked a night of severe clashes as hard line protestors took to the streets in response, furious that Hong Kong’s top official had bypassed legislators to invoke the law. Last month, the city’s highest court ruled the mask ban unconstitutional. In response, Beijing condemned the verdict, countering that only the National People’s Congress — China’s legislature — had the right to decide on what was constitutional or otherwise for Hong Kong. The saga raised questions about the future of judicial independence in the territory, reinforcing protesters’ fears that Beijing was eroding its freedoms.
The U.S. passed an act supporting human rights in Hong Kong
Protestors have incessantly appealed to foreign governments to support the city’s movement, believing they are unable to counter Beijing, the world’s largest authoritarian regime, on their own. Prominent activist Joshua Wong led a delegation to the White House in September to advocate the passing of the Hong Kong Human Rights and Democracy Act, which Trump signed into law last month. The legislation requires the State Department to annually assess whether Hong Kong retains sufficient political autonomy to continue to qualify for favorable trading terms with Washington, and also stipulates that Chinese or Hong Kong officials deemed responsible for violating human rights could face sanctions. Protestors, who have waved flags of other countries at marches, have also demonstrated outside the U.K. consulate calling for their former colonial power to “help” Hong Kong.
Beijing is making its presence increasingly known
While Beijing has acted with relative restraint, taking no concrete action beyond condemning the violence and reminding the city that it can intervene at any time, it has increasingly made its presence known. In August, a Hong Kong citizen who works at the U.K. consulate was detained in neighboring Shenzhen, for a “legal violation.” Last month, the detainee said he was tortured by Chinese authorities and pressed for information about the city’s protests. Meanwhile, in a deft PR stunt that may have been a warning to radicals, soldiers from the Chinese garrison emerged from their barracks last month to clear roadblocks and debris left by protestors. “We volunteered! Stopping violence and ending chaos is our responsibility,” one soldier reportedly said, quoting a phrase used by President Xi Jinping. Some soldiers wore basketball shirts bearing the name of a crack anti-terrorism unit.
(PARIS) — France braced for even worse transportation woes when the new work week begins Monday due to nationwide strikes over the government’s redesign of the national retirement system. French President Emmanuel Macron convened top officials to strategize for the high-stakes week ahead.
Sunday saw more travel chaos as the strikes entered their fourth day, with most French trains at a standstill. Fourteen of Paris’ subway lines were closed, with only two lines — using automated trains with no drivers — functioning. International train routes also suffered disruptions.
Monday will be an even bigger test of the strike movement’s strength and of commuters’ and tourists’ patience. Unions are calling for more people to join the strike Monday. Many employees worked from home or took a day off when the strikes began last week, but that’s not sustainable if the strikes drag on.
Warning of safety risks, the SNCF national train network and the Paris transit authority RATP warned travelers to stay away from train stations Monday instead of packing platforms for the few trains still running.
“On Dec. 9, stay home or find another means of locomotion,” SNCF warned travelers.
Facing a challenging week ahead, French Prime Minister Edouard Philippe met Sunday afternoon and evening with government ministers involved in the pension reform, and later met with Macron.
Macron, a centrist former investment banker, argues that the retirement overhaul will make a convoluted, out-dated pension system more fair and financially sustainable, uniting 42 different plans into one. The government says it won’t change the official retirement age of 62, but the new plan is expected to include financial conditions to encourage people to work longer as lifespans lengthen.
Unions see the reforms as an attack on worker rights and fear that people will have to work longer for smaller pensions. Some French workers can now retire in their 50s.
The new retirement plan will affect all French workers but the strikes involve primarily public sector workers, including train drivers, teachers and hospital employees.
New nationwide protests are scheduled Tuesday and the prime minister will release details of the new retirement plan on Wednesday.
Yellow vest activists joined the protests Saturday, adding retirement reform to their list of economic grievances in protests around the country. Police fired tear gas on rowdy protesters at largely peaceful marches through Paris and the western city of Nantes.
TALLINN, Estonia (AP) — A 34-year-old transport minister and lawmaker has been tapped to become Finland’s youngest prime minister ever and its third female government leader.
Finland’s ruling Social Democratic Party council voted 32-29 late Sunday to name Sanna Marin over rival Antti Lindtman to take over the government’s top post from incumbent Antti Rinne.
Having emerged as Finland’s largest party in the April election, the Social Democrats can appoint one of their own to the post of prime minister in the Nordic nation of 5.5 million.
Marin has been the party’s vice chairwoman, a lawmaker since 2015 and served as until this week as the minster for transport and communications. According to Finland’s biggest newspaper Helsingin Sanomat and the Ilta-Sanomat tabloid, Marin will become the world’s youngest sitting prime minister.
Finland currently holds the European Union’s rotating presidency until the end of the year. Lawmakers are likely to approve the appointment of Marin and her new government quickly so she can represent Finland at the Dec. 12-13 EU leaders’ summit in Brussels.
Rinne stepped down Tuesday after a key coalition partner, the Center Party, withdrew its support, citing lack of trust. The Center Party also criticized Rinne’s leadership skills prior to a two-week strike by the country’s state-owned postal service Posti in November that spread to other industries, including the national flag carrier Finnair.
Rinne’s resignation prompted the formal resignation of a coalition of the Social Democrats and the Center Party and three junior partners: the Greens, the Left Alliance and the Swedish People’s Party of Finland.
On Sunday, Social Democrats and the four other coalition parties said they are committed to the government program agreed upon after the April election and will continue in Marin’s new government. The new government will still have a comfortable majority of 117 seats at the 200-seat Eduskunta, or Parliament.
Social Democrats said Sunday they’re seeking to have Rinne, a former trade union leader, become the parliament’s vice speaker. He also plans to stay on as the Social Democrats’ chairman until a party congress next summer.
(BERLIN) — Six people have been arrested after an off-duty firefighter was killed in an altercation between two couples and a group of young men in the southern German city of Augsburg, authorities said Sunday.
The couples had just left a Christmas market late Friday when they ran into the seven-strong group and an argument started, according to police. One of the young men hit the 49-year-old victim in the head and he fell to the ground. He died at the scene.
A 50-year-old man who was with him was hit in the face and seriously injured. Their wives were not attacked.
The youths fled. Dozens of Augsburg firefighters held a vigil Sunday for their colleague and German Interior Minister Horst Seehofer voiced his dismay at the killing.
Bavaria’s state Interior Ministry then announced the arrest of the suspected main culprit and an alleged accomplice. Both were 17 and born in Augsburg; the first had German and unspecified other citizenships and the second was a citizen of an unidentified southern European country.
The ministry said surveillance cameras enabled investigators to identify the suspects.
Later Sunday, police said four more suspects had been arrested, the German news agency dpa reported. No details were immediately given on those suspects.
(RIYADH, Saudi Arabia) — Women in Saudi Arabia will no longer need to use separate entrances from men or sit behind partitions at restaurants in the latest measure announced by the government that upends a major hallmark of conservative restrictions that had been in place for decades.
The decision, which essentially erodes one of the most visible gender segregation restrictions in place, was quietly announced Sunday in a lengthy and technically worded statement by the Municipal and Rural Affairs Ministry.
While some restaurants and cafes in the coastal city of Jiddah and Riyadh’s upscale hotels had already been allowing unrelated men and women to sit freely, the move codifies what has been a sensitive issue in the past among traditional Saudis who view gender segregation as a religious requirement. Despite that, neighboring Muslim countries do not have similar rules.
Restaurants and cafes in Saudi Arabia, including major Western chains like Starbucks, are currently segregated by “family” sections allocated for women who are out on their own or who are accompanied by male relatives, and “singles” sections for just men. Many also have separate entrances for women and partitions or rooms for families where women are not visible to single men. In smaller restaurants or cafes with no space for segregation, women are not allowed in.
Reflecting the sensitive nature of this most recent move, the decision to end requirements of segregation in restaurants was announced in a statement published by the state-run Saudi Press Agency. The statement listed a number of newly-approved technical requirements for buildings, schools, stores and sports centers , among others.
The statement noted that the long list of published decisions was aimed at attracting investments and creating greater business opportunities.
Among the regulations announced was “removing a requirement by restaurants to have an entrance for single men and (another) for families.”
Couched between a new regulation about the length of a building’s facade and allowing kitchens on upper floors to operate was another critical announcement stating that restaurants no longer need to “specify private spaces”— an apparent reference to partitions.
Across Saudi Arabia, the norm has been that unrelated men and women are not permitted to mix in public. Government-run schools and most public universities remain segregated, as are most Saudi weddings.
In recent years, however, Saudi Crown Prince Mohammed bin Salman has pushed for sweeping social reforms ,with women and men now able to attend concerts and movie theaters that were once banned. He also curtailed the powers of the country’s religious police, who had been enforcers of conservative social norms, like gender segregation in public.
Two years ago, women for the first time were allowed to attend sports events in stadiums in the so-called “family” sections. Young girls in recent years have also been allowed access to physical education and sports in school, a right that only boys had been afforded.
In August, the kingdom lifted a controversial ban on travel by allowing all citizens — women and men alike — to apply for a passport and travel freely, ending a long-standing guardianship policy that had controlled women’s freedom of movement.
The new rules remove restrictions that had been in place, but do not state that restaurants or cafes have to end segregated entrances or seated areas. Many families in conservative swaths of the country, where women cover their hair and face in public, may prefer eating only at restaurants with segregated spaces.
___
Batrawy reported from Dubai, United Arab Emirates.
(KYIV, Ukraine) — Ukraine and the International Monetary Fund have reached agreement on a new $5.5 billion program to boost the country’s growth and economic reforms.
The agreement, which still must be approved by the fund’s management, was reached in a Saturday telephone call between Ukrainian President Volodymyr Zelensky and IMF managing director Kristalina Georgieva.
Details of how the money would be used over the plan’s three years weren’t given.
Zelenskiy, who was elected in April on a platform focusing on economic reforms and fighting corruption, said in a statement that the program will accelerate growth.
(SEOUL, South Korea) — North Korea said Sunday that it carried out a “very important test” at its long-range rocket launch site that it reportedly rebuilt after having partially dismantled it at the start of denuclearization talks with the United States last year.
The announcement comes amid dimming prospects for a resumption of negotiations, with the North threatening to seek “a new way” if it fails to get major U.S. concessions by year’s end. North Korea has said its resumption of nuclear and long-range missile tests depends on the United States.
Saturday’s test at the Sohae Satellite Launching Ground will have “an important effect on changing the strategic position of (North Korea) once again in the near future,” an unidentified spokesman from the North’s Academy of National Defense Science said in a statement, carried by the country’s official Korean Central News Agency.
North Korea didn’t say what the test included. Kim Dong-yub, an analyst at Seoul’s Institute for Far Eastern Studies, said that North Korea likely tested for the first time a solid-fuel engine for an intercontinental ballistic missile.
The use of solid fuel increases a weapon’s mobility and reduces the amount of launch preparation time. The long-range rockets that North Korea used in either ICBM launches or satellite liftoffs in recent years all used liquid propellants.
CNN reported Friday that a new satellite image indicated North Korea may be preparing to resume testing engines used to power satellite launchers and intercontinental ballistic missiles at the site.
Seoul’s Defense Ministry said in a brief statement later Sunday that South Korea and the United States are closely monitoring activities at the Sohae site and other key North Korean areas.
On Saturday, President Donald Trump and South Korean President Moon Jae-in discussed developments related to North Korea, and the two leaders committed to continuing close communication, the White House said in a statement. Moon’s office also released a similar statement, saying the two leaders had a 30-minute phone conversation at Trump’s request.
The North Korean test “is meant to improve military capabilities and to shore up domestic pride and legitimacy,” said Leif-Eric Easley, a professor at Ewha University in Seoul. “With the activity at Sohae, Pyongyang is also trying to raise international concerns that it may intensify provocations and walk away from denuclearization talks next year.”
The Sohae launching center in Tongchang-ri, a seaside region in western North Korea, is where the North has carried out banned satellite launches in recent years, resulting in worldwide condemnation and U.N. sanctions over claims that they were disguised tests of long-range missile technology.
North Korea has said its satellite launches are part of its peaceful space development program. But many outside experts say ballistic missiles and rockets used in satellite launches share similar bodies, engines and other technology. None of North Korea’s three intercontinental ballistic missile tests in 2017 was conducted at the Sohae site, but observers said the site was used to test engines for ICBMs.
After his first summit with North Korean leader Kim Jong Un in Singapore in June last year, Trump said Kim told him that North Korea was “already destroying a major missile engine testing site” in addition to committing to “complete denuclearization” of the Korean Peninsula.
Satellite imagery later showed the North dismantling a rocket engine-testing stand and other facilities at the Sohae site. Last March, South Korea’s spy agency and some U.S. experts said that North Korea was restoring the facilities, raising doubts about whether it was committed to denuclearization.
U.S.-North Korea diplomacy has largely remained deadlocked since the second summit between Trump and Kim in Vietnam in February due to disputes over how much sanctions relief the North must get in return for dismantling its key nuclear complex — a limited disarmament step.
North Korea has since warned that the U.S. must abandon hostile policies and come out with new acceptable proposals by the end of this year or it would take an unspecified new path. In recent months, North Korea has performed a slew of short-range missile and other weapons launches and hinted at lifting its moratorium on nuclear and long-range missiles.
North Korea said the results of Saturday’s test were submitted to the Central Committee of the ruling Workers’ Party. The North said last week that the Central Committee will hold a meeting in late December to discuss unspecified “crucial issues” in line with “the changed situation at home and abroad.”
At the United Nations, a statement released by North Korea’s U.N. ambassador, Kim Song, said Saturday that denuclearization had “already gone out of the negotiation table.”
The statement accused the Trump administration of persistently pursuing a “hostile policy” toward the country “in its attempt to stifle it.” The statement was a response to Wednesday’s condemnation by six European countries of North Korea’s 13 ballistic missile launches since May.
The North Korean diplomat accused the Europeans — France, Germany, Britain, Belgium, Poland and Estonia — of playing “the role of pet dog of the United States in recent months.”
“We regard their behavior as nothing more than a despicable act of intentionally flattering the United States,” the ambassador said.
___
Associated Press writer Edith M. Lederer at the United Nations contributed to this report.
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A NEW ZEALAND volcano on White Island erupted on Monday morning killing at least five people and leaving dozens injured, with social media video appearing to show a group of people milling in the crater minutes before the eruption.
NEW ZEALAND's Prime Minister Jacinda Ardern has issued a heartbreaking warning following the volcanic eruption earlier on today which has seen dozens injured.
EMMANUEL MACRON is leading the efforts to secure peace in Crimea while also building bridges between Russian President Vladimir Putin and European nations – but his plans are likely to be scuppered by unwavering differences between Kiev and Moscow.
FRENCH President Emmanuel Macron's belligerence, specifically his proposals for a French digital tax on US giants such as Google and Amazon, risks triggering disastrous trade wars with both the United States and China, experts have warned.
TOURISTS visited a small island off the coast of New Zealand for many years despite scientists warning it was too dangerous as a deadly eruption has left at least five dead and 20 injured.
WHAKAARI volcano on White Island in New Zealand was rocked by an eruption on Monday, killing five people and leaving at least 10 people unaccounted for - but is the Ovation of the Seas cruise ship affected?
Discover that funds from a flexible spending account typically cannot be used to pay for a gym membership unless a doctor issues a special prescription.
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TNMGRMU Results 2019 Released: Dear Folks!! Here we have a piece of good news for you. Yes, The Tamil Nadu Dr. M.G.R. Medical University has published the results for various Courses. The University recently released the results for Diploma in various departments, B.Sc, B.O.T, B.Pharm, M.D/M.S, and other results are available here. Students who are studying under The Tamil Nadu Dr. M.G.R. Medical University can check their TNMGR Medical University Results 2019 from the official website of the University i.e, tnmgrmu.ac.in. Also, we provide all the Regular, Supplementary and the Revaluation Results from this article. Moreover, you can obtain your Tamil Nadu Dr. MGR Medical University Results regarding the Dental, Medical, Allied Health Sciences, and the Distance Education Result all in one place.
TNMGRMU Results 2019 @ tnmgrmu.ac.in
Dr. MGR Medical University Results in 2019 of Dental, Indian Medicine and Homoeopathy, Allied Health Sciences and Ph.D. announced. All the candidates who have attended these examinations can check out this website. Here, on this page, we have included all the regular, supplementary and revaluation exam results easily. Here on this page, we have provided the direct link to download and verify the TNMGRMU Results from the below table. Also, we will be updating the Upcoming TNMGRMU Results link, it will work once the University will announce the results officially. In fact, Students can get the Result links, and the download process of the Dr. MGR Medical University Results 2018 -19 on this page. Furthermore, refer to our official site to know other University Result Details all in one place.
Latest TNMGRMU Exam Results 2019
Allied Health Sciences Department
Name of the Exam
Release Date
Download Link
B.Sc. in Radiology & Imaging Technology – I & II YR
The Tamil Nadu Dr. M.G.R. Medical University, or TNMGRMU for short, is a government medical university centered in Chennai, Tamil Nadu, India. It is named after the former Chief Minister of Tamil Nadu, Dr. M.G.Ramachandran (M.G.R.) and is the second-largest health sciences university in India. The University offers undergraduate qualifications in medicine (MBBS), dentistry (BDS), Nursing, Allied health professions, and Indigenous Medicine. It also provides postgraduate courses in various medical and dental subspecialties. The university is planning to set up a 500-bedded hospital on four acres of land on the outskirts of the Raj Bhavan campus, with 300 beds set to be installed in the first year.
TNMGRMU Supply/Revaluation Results
Students have a chance to apply for the revaluation, if the students may get low marks in the examination, they can apply for the Revaluation results. So again the head of the Examiner will review the answer paper. After revaluation, students may get high marks. Still, if anyone got low marks, they can apply for the Supplementary Examinations. For Revaluation/Supplementary, Students should pay the fee. Students can get all the results from this page Regular, Revaluation and Supplementary Results. Students of the Tamil Nadu Dr. M.G.R. Medical University can also get all Results Also. Just we are advising the Students to frequently visit this page to get the latest updates of all TNMGRMU Results 2019.
BARC Work Assistant Admit Card 2019 on December 2019 @ barc.gov.in. Thus, the exam will be held in the month of December 2019. Candidates who have applied for the post of Work Assistant Group C should download the admit card to take down the exam. Examiners are suggested to get ready to download the BARC Assistant Admit Card from the official website or through the direct link provided below.
BARC Work Assistant Admit Card 2019
Bhabha Atomic Research Centre will issue the admit card at any date of this month. The BARC Admit Card contains the details of candidates and also the exam details. Moreover, Aspirants must provide the Registration Number and the Password to download the hall ticket. The registration number had been provided at the time of application submission. Hence, the BARC Work Assistant Admit Card direct link will be active in the below section once the board releases it on the official website.
Download the BARC Work Assistant Admit Card from the direct link section. Before submitting the admit card aspirants are suggested to check to the details that you have given. Follow the steps given below to download the hall ticket.
Candidates Name
Name of the Candidate's Father
The venue of the Exam Centre
Date & Time of the Test
Reporting Time to the Exam Hall
Gender (Male/ Female)
Roll Number
Duration of the Online Test
Space for Invigilator's Signature
Registration Number
Name of the Test Centre
Category of the candidates
Space for Applicant's Signature
Name of the Exam Conducting Board
Photograph of the Candidate
Applicant's Date of Birth
Name of the Written Test
Important Guidelines for the Exam Takers
Full Name of the Applicant
Examination Centre Code
Signature of the Board Counselor
BARC Work Assistant Exam
BARC has announced the exam date in the month of December 2019. The exact date will be declared soon by the officials on their official portal. Stay tuned with our webpage to get the BARC Work Assistant Exam Date 2019. Download the BARC Work Assistant Syllabus PDF 2019 from this section. Get down to get the BARC Admit Card link.
BARC Work Assistant Exam Pattern: Preliminary Test
Sl No
Subjects
No of Questions
1
Mathematics
20
2
Science
20
3
General Awareness
10
Total Marks
150
Documents Along with BARC Assistant Admit Card
The below-listed documents are important to enter the exam hall. Competitors are suggested to download the admit card before the last date ends. If any mistakes found with the BARC Work Assistant Admit Card contenders must inform the board immediately to get the corrected admit card.
Original Photograph
Voter Card
Pan Card
Employee ID
College ID
PAN Card
Passport
Driving License
Any other ID proof issued by a Gazetted Officer
Bank Pass Book with the photograph
BARC Admit Card Download Steps 2019
Click on the BARC Hall Ticket 2019.
Enter the Registration Number and Password on the home page.
Now enter the image in the box that is available on the page.
Log in to get the BARC Assistant Admit Card.
Admit Card page will appear on the screen.
Fill the needed credentials into the hall ticket which are asked.
After filling recheck the details that you have entered.
Once done with the checking Submit the admit card.
Finally, download the hall ticket after the submission.
Take a photocopy of the BARC Exam Admit Card.
Carry for the exam and for the upcoming selection rounds.
Calicut University Results 2019 Released @ uoc.ac.in:Calicut Universityis one of the famous university in Kerala which releases the examination results by the board. Updated Calicut University Results released on 07th December 2019 for Semester wise Bachelor and Master Degree Exams. Here we provide all the Courses Results according to the semester wise. Candidates do check complete section to know the latest Updated Calicut University Exam Results 2019.
Calicut University Results 2019-20
Calicut University (CU) is one of the top universities in India. Around 373 colleges are affiliated to the University of Calicut which has an annual intake of 100000 students. The University conducts exams for the students who are pursuing their UG, PG Programme, Ph.D. Programming Courses. Candidates can get the updated University results from the below page which will direct you to the official site. Earlier CU had declared M.Com 2nd Sem Results. Candidates can check their results of all exams from the direct link given below. Here you will find the direct link to check Calicut University Exam Result 2019.
The University of Calicut is the largest University in Kerala. Established in the year 1968, it is the second university to be set up in Kerala. The University aims to nurture excellence in education and research in its catchment areas of Northern Kerala, historically consigned to the periphery of Kerala's academic map. Calicut University lays its emphasis on fostering quality human resource that benefits both local communities and wider humanity. The University created through a Government plan bifurcating Kerala University. The four post-graduate departments of the University of Kerala operating in Calicut annexed to the new University along with 54 constituent colleges spread across 7 northern districts.
University of Calicut Regular/ Supplementary Result
Students, those who have not cleared or got low marks in the University examinations can apply for the Revaluation. This is is a second chance for the students to increase their marks in subjects in which they have scored low marks. If students have written the main exam well and still got a low score or having doubts in the correction of the exam paper it is a choice to increase their marks. Currently, the Calicut University has released the revaluation results for UG, PG with all-region Students. So Students can check the Revaluation results from the official website as well as on this page.
CSIO Results 2019 will be declared soon @ csio.res.in. Check Cut Off Marks and Merit List from this page. We will update the latest information regarding CSIO Results 2019 on our Site. Central Scientific Instrument Organization (CSIO) has commenced written Examination on 23rd November 2019. Now all the participants are eagerly looking forward to the CSIO Senior Stenographer Result 2019. Hence, this is the right place to get your Results. The Board CSIO is planning to release the Senior Stenographer Result in the month of December 2019 (Tentatively). So, Aspirants can check and download the Central Scientific Instrument Organization Results 2019.
CSIO Results 2019 – Get here
Central Scientific Instrument Organization has conducted CSIO Senior Stenographer Exam to fill the vacancy of the Senior Stenographer post. And now the authority is going to reveal the CSIO Sr Steno Result 2019 in the month of December 2019 (Tentatively). We will update the CSIO exact Result date on our Webpage once we get the official announcement. So, aspirants can Check the Senior Stenographer Result on our page itself. We will give a direct link to download the Result and it will activate at the time official declaration.
We gave enough information regarding this Result in the above table. To check the Result Aspirants must have the login credentials like roll number and password along with them. Moreover, the official will release the CSIO Sr Steno Result 2019 based on the performance of the Contenders in the Examination. In the upcoming section, we can have the details of CSIO Senior Stenographer Cut Off Marks 2019, Merit List 2019. Therefore, We have given the link to check upcoming Recruitment in CSIO CSIR Recruitment
Central Scientific Instrument Organization Cut Off Marks 2019
In this section, you can have detailed information about the CSIO Cut Off Marks 2019. Since the Officials have not yet released the exact cutoff marks. CSIO Merit List 2019Therefore, the CSIO Senior Steno Cut Off Marks will be released after the announcement of CSIO Result 2019. The Board will decide the eligible Candidates based on some conditions given below.
Candidates category SC, BC, ST, OBC.
Previous years cut off marks
Level of question paper in the exam.
Number of candidates attended the exam
Senior Stenographer Merit List 2019 @ csio.res.in
Generally, the authority will announce the Merit List after releasing the Result. So, the Higher Officials will declare the CSIO Merit List 2019 based on higher marks scored by the Candidates. However eligible Candidates will get shortlisted in the CSIO Senior Stenographer Merit List 2019. Further, we have given the instructions to check the MPSC Civil, Electrical Engineering Services Result 2019.
How to check the CSIO Sr. Stenographer Result 2019?
Initially, Candidates can visit the official website of the Central Scientific Instrument Organization (CSIO) @ csio.res.in
Then the Homepage of CSIO will open on the Screen.
And go to Career Section on the right corner of the homepage
Or else you can go to Recruitment which is on top of the main page.
Then search for the link related to the CSIO Senior Steno Results 2019.
Click on that link and enter login details in it.
Finally, Check and download the CSIO Sr Steno Result 2019 PDF for future use.
NIEPMD Recruitment 2019 – Apply Offline | 23 Assistant Professor, Lecturer & Other Vacancies. National Institute for Empowerment of Persons with Multiple Disabilities (NIEPMD) has recently uploaded the Job Notification to fill 23 Assistant Professor Jobs. Candidates who are looking for the NIEPMD Assistant Professor Vacancy 2019 can apply for this Recruitment through Offline Process. Interested Aspirants can Start downloading the Application form and send the duly filled application form to the Registered Postal Address on or before the last date 26th December 2019.
Applications are invited from Indian Nationals eligible for engagement to the following temporary consultant positions on contract basis at Composite Regional Centre for Skill Development, Rehabilitation and Empowerment of Persons with Disabilities (CRC), Port Blair, Andaman & Nicobar Islands, established to serve as a resource center in disability rehabilitation for all categories. Details like eligibility criteria, the application process, pay scale and other NIEPMD Recruitment Notification details are mentioned in the below sections. However, you can also know more NIEPMD Careers @ niepmd.tn.nic.in.
Orientation & Mobility Instructor cum Special Educator
01
Special Educator
01
Vocational Instructor
01
Clinical Assistant
02
Assistant
01
Typist Clerk
01
Total
23
Eligibility Criteria for NIEPMD Career Notification 2019
Applicants can check your eligibility criteria for NIEPMD Assistant Professor, Administrative Officer, Accountant & Other Jobs. Along with this, we have provided Apply Offline Steps for NIEPMD Vacancy 2019.
Educational Qualification:
Assistant Professor (PMR) (Consultant)
Qualification – MBBS/ PG Degree/Diploma in PMR recognized by MCI/RCI and Registration with MCI.
Experience – Minimum 5 years of experience in teaching or research in a related field.
Desirable – Ph.D. in the field of rehabilitation of Persons with Disabilities.
Assistant Professor (Clinical Psychology) (Consultant)
Qualification – M.Phil.in Clinical or Rehabilitation Psychology (Full-time course) recognized by RCI and Registration with MCI.
Experience – Minimum 5 years of experience in teaching/research in the field of rehabilitation.
Desirable – Ph.D. in a related field of rehabilitation of Persons with Disabilities.
Administrative Officer (Consultant)
Qualification – Post Graduate Degree /MBA from a recognized University
Experience – Minimum 5 years experience in establishment/admin. matters in any Govt. Organization/ Autonomous Bodies / Public Sector Undertaking/Semi-Government / Quasi-Government.
Accountant (Consultant)
Qualification – Commerce graduate from a recognized University with hands-on knowledge of computer and Tally
Experience – Minimum 2 years experience in handling accounts/cash in Govt. or Semi Govt. Establishments / Autonomous Bodies / Public Sector Undertaking/Semi-Government / Quasi-Government.
Qualification – 10+2 or equivalent qualification, Diploma / Certificate in Prosthetics & Orthotics
Experience – Minimum 2 years of experience in the concerned area.
Assistant Professor (Speech & Hearing) (Consultant)
Qualification – Post Graduate Degree (Full-time course) in Speech and Hearing (Recognized by RCI).
Experience – Minimum 5 years of experience in teaching/research in the field of rehabilitation
Desirable – Ph.D. in a related field of rehabilitation of Persons with Disabilities.
Lecturer (Physiotherapy) (Consultant)
Qualification – Master's in Physiotherapy with specialization in Orthopaedics / Neurology / Paediatrics /Dev. Disability from a recognized Institute (Full Time).
Experience – Minimum 3 years of experience in teaching/research in the field of rehabilitation.
Lecturer (Occupational Therapy) (Consultant)
Qualification – Master's in Occupational Therapy with specialization in Orthopaedics/ Paediatrics / Neurology/ Developmental Disorder/ Mental Health / Rehabilitation from a recognized Institute (Full Time)
Experience – Minimum 3 years of experience in teaching/research in the field of rehabilitation.
Desirable – Possessing any RCI recognized qualification.
Prosthetist & Orthotist (Consultant)
Qualification – Degree in Prosthetics & Orthotics registered with RCI
Experience – Minimum 2 years of relevant experience.
Age Limit for NIEPMD Jobs 2019:
No Upper Age Limit and post based reservation is prescribed for any post as the post being filled up on a Contractual basis for the short term.
NIEPMD Assistant Professor Salary Details:
Post Name
Pay Scale
Assistant Professor
Rs. 55000/-
Assistant Professor (PMR) (Consultant)
Rs. 60000/-
Administrative Officer
Rs. 40000/-
Accountant
Rs. 35000/-
Workshop Supervisor-cum-Store Keeper
Rs. 25000/-
Lecturer
Rs. 50000/-
Rehabilitation Officer
Rs. 35000/-
Prosthetist & Orthotist
Rs. 35000/-
Orientation & Mobility Instructor cum Special Educator
Rs. 35000/-
Special Educator
Rs. 35000/-
Vocational Instructor
Rs. 35000/-
Clinical Assistant
Rs. 32000/-
Assistant
Rs. 35000/-
Typist Clerk
Rs. 20000/-
Application Fee:
General – Rs. 500/- applicable for each post
SC/ST/PWD – exempted from payment of application fee.
Payment Mode – Offline mode of Demand Draft made in favor of Director, NIEPMD, payable at Chennai needs to be enclosed.
NIEPMD Career 2019 – Selection Process:
Interview
Apply Offline Steps for NIEPMD Vacancy 2019
Download the Official Notification given below, read the details and check the Eligibility details
Then download the application form from the below link
Fill the application form with the required details
Applicants should sign the application form and other required places
Attach self-attested photocopies of documents as mentioned in the form.
Write your name, post applied and mobile number on the backside of the Demand Draft
Recheck whether the details are properly filled in the application form.
Finally, Send the application form with all the required documents at the following Postal address on or before the last date.
NOTE: A separate application is to be submitted for each post. The envelope containing application should be superscribed "Application for the position of ————————"
Postal Address:
The Director, National Institute for the Empowerment of Persons with Multiple Disabilities (Divyangjan), (NIEPMD) ECR – Muttukadu, Kovalam Post, Kancheepuram Dist. Tamil Nadu. Pin – 603 112
Important Dates for NIEPMD Assitant Professor, Admin Officer, Accountant Recruitment 2019
About the National Institute for Empowerment of Persons with Multiple Disabilities (NIEPMD)
National Institute for Empowerment of Persons with Multiple Disabilities (NIEPMD) is an Indian government agency providing services to persons with multiple disabilities. It was established by the Government of India under the aegis of the Department of Disability Affairs within the Ministry of Social Justice and Empowerment at Chennai. It runs HRD programs to train rehabilitation professionals.
The institute provides services such as physiotherapy, speech therapy, occupational therapy, psychological intervention, vocational training, and special education. The institute is the first of its kind in Asia dedicated exclusively to persons with multiple disabilities.
ECIL Recruitment 2019 – Apply Online | 64 Vacancies | Graduate Engineer Trainee @ www.ecil.co.in. Electronics Corporation of India Limited (ECIL) has recently announced a Job Notification to fill 64 Candidates for Graduate Engineer Trainee Posts. Candidates who have Completed their Engineer Degree in ECE, CSE, Mechanical Department can apply for this GET Posts. Interested Aspirants can Start to apply for this Graduate Engineer Trainee Posts through Online Mode. The Online Registration link has activated on 06th December 2019 and the link will be disabled by 04th January 2020.
Candidates having Post Graduation qualification in Engineering are not eligible for this Posts. For the GET Posts, the selection methodology will comprise of two-stage selection process i.e. Marks as per GATE 2018 & GATE 2019 Score as may be applicable and Personal Interview. ECIL has openings for dynamic and result-oriented young engineers with post-training placements at ECIL Headquarters in Hyderabad or in any of Zonal/Branch/Site Offices located across India.
ECIL Graduate Engineer Trainee Jobs 2019 – 64 Openings
Eligibility Criteria for ECIL Recruitment for Graduate Engineer Trainee
Interested candidates can check their eligibility with the details given below. Additionally, we have provided some steps for the ECIL Recruitment 2019 Apply Online Process. Get a direct link for the ECIL Recruitment 2019 Pdf from the below table.
Academic Qualification:
First Class Engineering Degree with minimum 65% marks in aggregate (Second Class with 55% for SC/STs) from AICTE approved Colleges / Recognized Indian Universities in the relevant discipline.
Candidates having Post Graduation qualification in Engineering are not eligible to apply for these Posts.
Age Limit for ECIL Graduate Engineer Trainee Jobs 2019:
Maximum Age Limit – 25 Years (Upper Age Limit as on 30th November 2019)
Age Relaxation:
SC/ST – 5 Years
OBC – 3 Years
PWD – 10 Years
Upper age limit is relaxed by 5 years for candidates who had ordinarily been domiciled in the State of Jammu & Kashmir from 01.01.1980 to 31.12.1989.
PWD candidates, belonging to SC/ST the age relaxation is 15 years and OBC for 13 years and General for 10 years
Selection Process for ECIL Careers:
GET Posts the selection methodology will comprise of the two-stage selection process
Marks as per GATE 2018 & GATE 2019 Score as may be applicable
Personal Interview
Only the Short Listed candidates will be called for Personal Interview at Hyderabad. The candidates will be allowed to take part in the Personal Interview process only after the successful completion of the Document Verification process. The date, time and venue of the interview will be intimated by mail / SMS. The same will be hosted on our website
After the Training Period in First-Year – Rs.69,960/-
After the Training Period in Second Year – Rs.72,060/
Application Fee:
General [UR], OBC, & EWS candidates – Rs.500/-
Candidates belonging to SC/ST/PWD are exempted from payment of Application Fee.
Internal employees are also exempted from payment of Application Fee.
Internal Employees include Technical Officer on fixed tenure contract (currently engaged with ECIL)
How to Apply Online for ECIL Graduate Engineer Trainee Jobs 2019?
Download the ECIL Recruitment 2019 Notification
Read the details and check the eligibility details
Log on to @ www.careers.ecil.co.in or www.ecil.co.in
Click on careers and then click on e-Recruitment
Search the ECIL Recruitment 2019 Apply Online link
Read the details carefully and keep all the necessary documents ready
Download the application form
Fill and re-check for errors.
General Instructions:
After applying online, the candidate is required to take the print out of the registered on-line application form with system generated application serial number.
Please note down your application serial number for the post applied, for future reference without fail.
The candidate can take a re-print of his/her registered on-line application form before the last date for On-line registration.
Write the system generated on-line application serial number on the Application Fee receipt for future reference.
The candidate has to quote advertisement number, post name and On-line system generated application number for all future correspondence.
Important Dates for ECIL GET Recruitment 2019
Starting Date to Apply Online
06th December 2019
Last Date to Apply Online
04th January 2020
Availability of the Interview Call Letter for Download
Electronics Corporation of India Limited (ECIL) || भारत इलेक्ट्रॉनिक्स निगम लिमिटेड ( ईसीआईएल is a Government of India Enterprise under the Department of Atomic Energy, built up on April 11, 1967, by A. S. Rao at Hyderabad, to make a solid indigenous base in hardware. ECIL is a multi-item, association with a spotlight on indigenous Nuclear vitality, space, and Defense divisions. ECIL additionally has a solid nearness in indigenous Electronic Security, Communications, Networking, and e-administration areas.
ECIL has submitted associations with atomic vitality foundations of India, especially Bhabha Atomic Research Center (BARC), Nuclear Power Corporation of India Limited (NPCIL) and Indira Gandhi Center for Atomic Research (IGCAR). ECIL likewise effectively bolsters other key divisions, for example, indigenous Defense Indian Ordnance Factories, (Defense Research and Development Organization (DRDO)), Space (Department of Space (India))Civil Aviation, Information and Broadcasting, Telecommunications, Insurance, Banking, Police and Para-military Forces, Oil and Gas, Power, Space Education, Health, Agriculture, Steel and Coal.
NIFFT Recruitment 2019 – Apply Offline | 22 Assistant Professor Vacancies. National Institute of Foundry & Forge Technology (NIFFT) has recently uploaded the Job Notification to fill 22 Assistant Professor Jobs. Candidates who are looking for the NIFFT Assistant Professor Vacancy 2019 can apply for this Recruitment through Offline Process. Interested Aspirants can Start downloading the Application form and send the duly filled application form to the Registered Postal Address on or before the last date 6th January 2020, 20th January 2020 (Remote Locations).
Applications are invited from Indian nationals possessing a good academic background along with self-motivation to quality teaching and research for faculty positions at Assistant Professor level for the following different departments from all categories (General, SC, ST. OBC & PwD). Details like eligibility criteria, the application process, pay scale and other NIFFT Ranchi Faculty Recruitment 2019 details are mentioned in the below sections. However, you can also know more NIFFT Careers @ nifft.ac.in.
NIFFT Assistant Professor Recruitment 2019 – 22 Openings
Name of the Board
National Institute of Foundry & Forge Technology (NIFFT)
Eligibility Criteria for NIFFT Ranchi Assistant Professor Recruitment 2019
Applicants can check your eligibility criteria for NIFFT Assistant Professor 2019 Job Notification. Along with this, we have provided Apply Offline Steps for NIFFT Ranchi Faculty Recruitment 2019.
Educational Qualification:
Assistant Professor
B. E. / B. Tech. / B. S. and M. E. / M. Tech. / M. S. or integrated M. Tech. in relevant branch with first class or equivalent in any one of the degrees.
Candidates who have done a Ph.D. after the Bachelor’s Degree from the institution of National importance with GATE shall be eligible for the post of Assistant Professor.
Experience:
2 Years of Industrial Experience in the Metal Processing/ Manufacturing Industry.
Age Limit:
Maximum Age Limit – 35 Years
NIFFT Assistant Professor Salary Details:
Post Name
Pay Scale
Assistant Professor
Level 7 Pay Matrix, Initial Pay Rs.57700/-
Application Fee:
General – A Demand Draft of Rs 500/-, drawn in favor of “NIFFT, Ranchi” from any nationalized bank payable at Ranchi for each application
SC/ST/PWD – 50% in case of SC / ST & fully exempted for women & PwD candidates.
NIFFT Career 2019 – Selection Process:
Written Test/ Online Test.
Interview.
Apply Offline Steps for NIFFT Assistant Professor 2019 Job Notification
Download the Official Notification given below, read the details and check the Eligibility details
Then download the application form from the below link
Fill the application form in CAPITAL letters and take a print-out on white A4 size paper on single side only
Applicants should sign the application form and other required places
Attach self-attested photocopies of documents as mentioned in the form. Write your name, post applied and mobile number on the backside of the Demand Draft
Recheck whether the details are properly filled in the application form.
Finally, Send the application form with all the required documents at the following Postal address before the last date.
NOTE: Write the name of the post applied for and Department at the top-left corner of the envelope.
Postal Address:
The Director, National Institute of Foundry & Forge Technology (NIFFT), Hatia, Ranchi-834003.
Important Dates for NIFFT Ranchi Assistant Professor Recruitment 2019
Last date to submit the Application Form
06th January 2020
Last date to submit the Application Form for Remote location (NE Region, Andaman & Nikobar), etc
About the National Institute of Foundry & Forge Technology (NIFFT)
The National Institute of Foundry and Forge Technology (commonly referred to as NIFFT) is a public engineering institution. It is a fully residential Government of India co-educational institute. It was established in 1966 by the Government of India in collaboration with UNDP – UNESCO to provide qualified engineers and specialists for running Foundry and Forge industries. This is an autonomous and Centrally Funded Technical Institute (CFTI) under the Ministry of Human Resource Development(MHRD), Government of India.
The institute offers Post Doctoral, Doctoral and Master’s program at the graduate level and Bachelor’s program as well as Advanced Diploma Courses at the undergraduate level. The objectives of the institute have broadened to meet the present need of the industries, with the introduction of departments of Manufacturing Engineering in 1985 and Materials and Metallurgical Engineering in 1998.
23 – Professor, Associate Professor, Assitant Professor CUJ Teaching Recruitment23 – Professor, Associate Professor, Assitant Professor CUJ Teaching Recruitment
CG Fisheries Department Recruitment 2019 – Apply Offline | 30 Fisheries Inspector Vacancies. Chhattisgarh Fisheries Department has announced a CG Fisheries Inspector Job Notification for 30 Vacancies. Candidates who are looking for Inspector Jobs in CG Fisheries Department can apply for this Posts through Offline Process. Candidates can start downloading the application form and sent it to the Registered Posts address on or before the last date by 26th December 2019.
CG Fisheries Department is looking for the bright and result oriented candidates for the CG Fisheries Inspector Vacancies. Candidates those who want to get enrolled for this Fisheries Inspector posting should be under the age limit of 35 years. Here we have furnished all the details regarding the Eligibility details of CG Fisheries Inspector Recruitment 2019 Notification. Applicants can make note of the information and start applying for the Vacancies.
Generally, a fishery is an entity engaged in raising or harvesting fish which is determined by some authority to be a fishery. According to the FAO, a fishery is typically defined in terms of the “people involved, species or type of fish, area of water or seabed, method of fishing, class of boats, the purpose of the activities or a combination of the foregoing features”. The definition often includes a combination of fish and fishers in a region, the latter fishing for similar species with similar gear types.
A fishery may involve the capture of wild fish or raising fish through fish farming or aquaculture. Directly or indirectly, the livelihood of over 500 million people in developing countries depends on fisheries and aquaculture. Overfishing, including the taking of fish beyond sustainable levels, is reducing fish stocks and employment in many world regions. A report by Prince Charles’ International Sustainability Unit, the New York-based Environmental Defence Fund and 50in10 published in July 2014 estimated global fisheries were adding $270 billion a year to global GDP, but by full implementation of sustainable fishing, that figure could rise by as much as $50 billion
NCRTC Recruitment 2019: National Capital Region Transport Corporation is inviting applications from candidates who are interested in Junior Engineer – II (Civil) posts. They need 40 individuals to fill up the post. Aspirants can start sending their applications from 9th December 2019. The last date NCRTC Officials will accept applications received is 21st December 2019. Candidates who have a minimum working experience of 3 years in civil construction and now want to work for the central government can apply for NCRTC Recruitment 2019.
NCRTC Recruitment 2019-20
Candidates interested in the post of Junior Engineers can start by reading the details given below. They can also refer to the official notification. A link to the official website and notification is made available below. Candidates can use them as a reference to check eligibility and then proceed to apply for NCRTC Jobs. An overview of the job is given below which is then followed by details of eligibility, steps to follow when applying for these jobs and other details. Read the entire post before moving on to the application.
Overview of NCRTC Jobs 2019
Name of the Organization
National Capital Region Transport Corporation (NCRTC)
There are a total of 40 vacancies for the post of Junior Engineer as given in the NCRTC Recruitment 2019 Notification
Eligibility Criteria for NCRTC Junior Engineer Recruitment 2019
Candidates interested in NCRTC Jobs can check their eligibility with the details below to apply. The candidates must have completed their diploma in civil engineering and must be below the age of 30 years to be eligible for NCRTC Recruitment.
Academic Qualification:
Diploma in Civil Engineering
Minimum pay package of three lakh rupees
Read the official notification for more details on NCRTC Careers.
Experience:
Minimum of three years experience in civil construction
At least 1 year (out of the total experience) in metro rail or railway projects construction work
Age Limit:
The age limit as given in the NCRTC Recruitment 2019 notification, should be
Maximum – 30 Years
This age will be calculated as on 7th December 2019.
Selection Process:
Written Test
Interview
Written examination
Physical and medical examination
Pay Scale for NCRTC Recruitment 2019:
Rs. 27,500/- to Rs. 97,350/-
Surety Bond & Probation Period:
Candidates will have to execute a surety bond of Rs. 1,50,000/- to serve in the corporation
Candidates will have to serve for a minimum of three years in the corporation
Notice must be given before a period of three months in case candidate wants to resign
NCRTC Application Fee:
Candidates may read the official notification to get more details on NCRTC online application fees
How to apply for NCRTC Recruitment 2019?
Visit the official website @ www.ncrtc.in
Find the advertisement for the job you want to apply for
Read the entire notification carefully
Download the application form
Fill the application form with all details
Attach the relevant documents as required
Send the application to the address given below
General Information :
Shortlisted candidates will be informed through email about the further procedure for selection
In addition to the salary, the company also offers attractive incentives and allowances
The job is transferable and the candidate can be transferred or posted to any of the offices of NCRTC during service
Important Documents:
Candidates need to attach photocopies of the following documents along with the application form
Education certificates (10th Onwards)
Experience certificate issued by the last employer
Latest salary slip
APARs
Officer order/ Duty allocation order
Proof of CTC (for private-sector candidate)
NOC (for government employees)
Candidates have to carry all original documents when attending the interview
Address:
Career Cell, HR Department, National Capital Region Transport Corporation, 7/6 Siri Fort Institutional Area, August Kranti Marg, New Delhi – 110049
About National Capital Region Transport Corporation (NCRTC):
NCRTC is a joint sector company of the Government of India and the states of Delhi, Haryana, Uttar Pradesh and Rajasthan. It was established for implementing the Regional Rapid Transit System (RRTS) project across the capital region. NCRTC aims at creating a balanced and sustainable urban development through better connectivity and access. It has also ensured a lower mission rate and reduced congestion. As a result of the National Capital Region Transport Corporation, there is now a balanced economic growth across the region.
NEW DELHI: Millions of organised sector employees may soon have the option of reducing their provident fund contribution — currently at 12% of basic salary — and therefore increase their takehome pay. Labour ministry officials said this provision is part of the Social Security Code Bill, 2019, approved by the Cabinet and expected to be tabled in Parliament this week.The rationale for allowing lower employee PF contribution is that higher take-home pay may boost consumption, which has been falling, dragging growth down. The Bill, however, retains employers' PF contribution at 12%. Details on how low employees' PF contribution can be brought down will be worked out after the passage of the Bill, officials said.Also, as per the Bill, fixed-term contract workers will be eligible for gratuity on a pro rata basis. Currently, workers are not entitled to gratuity before completing five years of continuous service, as prescribed in the Payment of Gratuity Act, 1972.The labour ministry has also done away with its earlier proposal to give subscribers of the Employees' Provident Fund Organisation an option to switch to the National Pension System vis-à-vis the Employee Pension Scheme under EPFO. It said the current arrangement provides multiple benefits such as higher rate of return and exempt-exempt-exempt status to funds invested in EPFO.Social Security Fund ProposedThe ministry also decided to retain the existing autonomy of EPFO and Employees' State Insurance Corporation (ESIC), rejecting the proposal to corporatise them. 72432095 The Bill proposes setting up a social security fund using corpus available under corporate social responsibility. This fund will provide welfare benefits such as pension, medical cover, and death and disablement benefits to all workers, including gig workers."We have dropped all controversial proposals and kept our focus intact on the welfare of workers as well as improving the ease of doing business in India through amalgamation of existing laws under the Social Security Code," a senior government official told ET on the condition of anonymity.As per the Bill, all establishments employing at least 10 workers will have to provide multiple benefits to employees under ESIC, while it would be mandatory for all workers employed in hazardous sectors. Companies with less than 10 workers can voluntarily opt to provide benefits under the ESIC scheme to their workers.The Social Security Code subsumes eight central labour laws. They are the Employees' Compensation Act, 1923, Employees' State Insurance Act, 1948; Employees' Provident Funds and Miscellaneous Provisions Act, 1952; Maternity Benefit Act, 1961; Payment of Gratuity Act, 1972; Cine Workers Welfare Fund Act, 1981; Building and Other Construction Workers Cess Act, 1996; and Unorganised Workers' Social Security Act, 2008.As part of its reform initiatives, the labour ministry has decided to amalgamate 44 labour laws into four codes — on wages, industrial relations, social security and safety, and health and working conditions.The Social Security Code is the last of the four labour codes that have been approved by the Cabinet.The labour code on wages was approved by Parliament in August while the code on occupational safety, health and working conditions has been referred to the parliamentary standing committee on labour. The Industrial Relations Code Bill, 2019, has been tabled in Parliament.
NEW DELHI: Ace stock market investor and Fortis' largest individual shareholder Rakesh Jhunjhunwala has endorsed Malaysian company IHH Healthcare's Rs. 4,000-crore investment in the hospital chain after a recent Supreme Court ruling placed the deal under a cloud.While voicing shareholders' concerns over delays in IHH's planned open offer for Fortis, Jhunjhunwala emphasised the deal was "fair" and that IHH should complete the open offer that has been pending for a year."Malvinder and Shivinder had nothing to do with Fortis when IHH invested in the company. IHH was chosen after a fair bidding process," Jhunjhunwala said while responding to questions around the delay in IHH's open offer to Fortis' shareholders.The apex court has ordered that status quo be maintained on IHH's 31% shareholding in Fortis, which it formally acquired on November 13 last year while holding the Singh brothers guilty of contempt of court in an ongoing dispute involving them and Japanese drug maker Daiichi Sankyo.IHH has been unable to proceed with its open offer to acquire a further 26% stake from minority shareholders of Fortis as a result of the status quo. "IHH was chosen by an independent board and approved by the shareholders.No shares were purchased from Malvinder and Shivinder. All the money came into Fortis," Jhunjhunwala said, stressing that several parties were given an offer to bid for the company. "The open offer should be completed as per Sebi norms," he demanded. The apex court on November 15 held the Singhs guilty of "wilfully" disobeying its orders. The court noted that the Singh's shareholding in Fortis had vanished into "thin air" despite their assurances to the court that they would maintain a certain level of shareholding in Fortis to cover any sum required to fulfil Daiichi Sankyo's claims if the latter won the dispute. 72431854 The Singhs owned half a per cent in Fortis by the time the IHH deal happened. The Singh's have attributed the drop in their shareholding to a ruling on February 15 last year, where court lifted restriction on sale of encumbered Fortis shares, allowing financial creditors to whom such shares were pledged to sell them and recover dues. Jhunjhunwala owns a 1.6% stake in Fortis Healthcare in his individual capacity as per latest available stock exchange filings.The Supreme Court has simultaneously directed the registration of a contempt petition against Fortis terming the transfer of funds from Fortis to purchase units of Singapore-listed RHT Health Trust (RHT) "dubious and clandestine." The apex court noted that the Singh's "were at one time the biggest unit holders in the trust." RHT's units were acquired with the funds infused by IHH into Fortis. "The company's financial performance is improving every day," Jhunjhunwala said when posed with questions on the merits of the RHT deal.RHT was floated seven years ago as an offshore vehicle where assets and infrastructure of Fortis were carved out and parked in to the Singapore-registered entity. Fortis had been paying hospital services fee of Rs 1 crore daily to RHT before the units were bought out, according to sources.The Singh brothers in their individual capacity and through an arm of Fortis owned nearly 29% of RHT as of June 30, 2017. Fortis has maintained that to its knowledge the Singh's did not own any units in RHT when the deal to buy out the trust took place. Daiichi has been fighting to enforce a Rs. 3,500-crore arbitiration award that they won against the Singh brothers at a tribunal in Singapore over their acquisition of Ranbaxy, a company previously controlled by the Singhs.Daiichi has claimed the Singh brothers concealed critical information about the company from them at the time of its sale. The Singhs deny any wrongdoing.
The economic slowdown in India became worse in the second quarter of 2019 and the GDP growth rate fell to 4.5%—the lowest in the last 26 quarters (see chart). More bad news followed: the expected economic recovery was not going to happen anytime soon. Most economic indicators like industrial production, merchandise exports, bank credit, freight movement, electricity production, among others, are pointing to weak growth in the first months of the third quarter. Since this could mean lower growth rate in the third quarter, economists are busy cutting their growth projection for 2019-20. "Growth could weaken further to around 4% in the third quarter of 2019-20, which will mark a trough. For 2019-20, we are cutting our growth forecast from 5.7% to around 4.5%," says Nikhil Gupta, Lead Economist, Motilal Oswal Securities.GDP growth rate has been plummetingWith GDP growth hitting a 26-quarter low, investors need to be cautious. 72413681 Source: BloombergMedium term slowdownThe government and RBI are taking several steps to fight the slowdown. However, despite the efforts, the slowdown is likely to extend to the medium term. "Due to several structural issues faced by the Indian economy, growth rate is expected remain moderate—around 4-5%—in the short to medium term", says Santosh Kamath, MD & CIO – India Fixed Income, Franklin Templeton. 'Debt aversion' among businesses is one of the main reasons for this. Most businessmen are leaning towards avoiding debt altogether. Even Mukesh Ambani wants to make Reliance Industries debt free in 18 months. Though good for the long term health of the economy, the ongoing clean-up of the financial sector and massive deleveraging drive by companies will continue to put pressure on medium term growth rates. Fall in nominal GDP growth rate is another worry. Nominal GDP growth rate is real GDP plus inflation and this matrix is very important for stock market investors because the aggregate corporate growth usually mirrors nominal GDP growth rates.Valuation another concernWhile the broader market has reacted to growth concerns, benchmark indices like the Sensex and Nifty are still quoting close to all-time highs, pushed up by a few stocks. Valuation parameters of these indices are also at high levels now. "Though not in the overvaluation zone, their valuation now is above average. In other words, the current market valuation is not supported by the current economic fundamentals," says Kaushlendra Sengar, Founder and CEO, Advisorymandi.com.Don't avoid mid & small capsThough mid and small caps usually underperform during slow growth periods because industry leaders get stronger during such periods, there is no need to avoid these segments altogether this time. This is because some of the mid-cap stocks are sector leaders (they are midcaps because these sectors are small) and therefore, they should be able to do well even during bad times. Reasonable valuation is another reason to look at these segments now.Mid-cap stocks that are sector leaders are worth consideringReasonable valuation is a reason to look at mid-cap stocks right now. Small-caps also offer good opportunities. 72413692 Source: Bloomberg, ETIG Database & CapitalineThis is why most stocks selected by us— except Infosys—are from mid-cap space. The small-cap space also offers good opportunities. However, direct equity investing is riskier there and it is better that investors use the mutual funds route to invest in the small-cap segment.Also read: Intensity of slowdown in certain pockets is surprising: R. Gopalakrishnan, Principal Mutual FundExport sectorsThe best way to beat the domestic slowdown is to bet on export-oriented sectors like IT, pharmaceuticals, etc. "These low beta stocks are the best bet now. In addition to a stable US economy (their main market), companies from the IT and pharma segments will also benefit from the rupee depreciation triggered by domestic slowdown," says Sengar. Even among good sectors, investors need to be selective. They should avoid highly valued stocks because the market is now chasing growth at any cost.The entire pharma industry can be treated as a defensive bet now because their valuation has been down for the last 4-5 years due to their US FDA related woes. However, Cipla continues do well in the US market and its US revenues grew by 26% y-o-y during the second quarter. Another advantage of Cipla is its strong domestic base. Around 40% of its revenues come from India and since people are not going to stop taking medicines during economic slowdown, domestic pharma players are also treated as a good defensive bet. After a dip in the first quarter, domestic sales picked up in the second quarter and the same grew by 29% q-o-q and 6% y-o-y. In addition to the 22% exposure to the North American market, Cipla's export pie is also diversified to Europe, South Africa, Sub Saharan region, emerging markets from other regions, etc.Pharma industry can be a defensive betDomestic woes will not affect pharmaceutical companies like Cipla. 72413696 Unlike pharma, IT is mostly a global play. We decided to pick Infosys because the same is still quoting at a discount to the sector market leader TCS. However, its valuation is expected to improve because several research houses have started upgrading the stock. "We upgrade Infosys to 'buy' based on better visibility on growth, stable margin trajectory and the recent stock underperformance," says a recent HDFC Sec report. Infosys is now focusing more on large deals and the same is yielding results—large deals grew by 77% in the first half of 2019-20. Since Infosys is now growing faster than the sector average, its valuation gap with TCS should come down further.Organised retailersWhile normal retailers and small traders are suffering from the slowdown, triggered mostly by the NBFC-driven liquidity crisis, organised retailers are reporting good revenue growth. The economy-wide shift from unorganised to organised due to the implementation of GST is helping them. More importantly, most of the listed players have come of age now. "The systems and processes of organised retail players are established now, helping them to report faster growth and they did the same in the second quarter," says Kumar.Though growth is not an issue, exorbitant valuation is the biggest problem with listed retail chains and many are quoting at PEs well above 100. However, Future Retail is still quoting at a PE of 23.22 against the industry average PE of 98.33. Future Retail always used to quote at low valuations because it is not one of the fancied retail players like D-Mart or Trent. However, things are expected to improve at Future Retail due to the strategic tie-up with and a small stake purchase by Amazon. Future Retail's new strategy of growth with profitability and deleveraging of balance sheet should also result in better valuation ratios. In addition to the cost savings initiatives, Future Retail also plans to shut down unprofitable small stores.Real estate playersThough the real estate sector is still facing problems and waiting for the implementation of the government's bailout package, listed players continue to do well. In other words, the strength of strong and organised players are getting amplified by the ongoing turmoil in the real estate market. For example, aggregate housing sales value and absorption of listed players have moved up by 5% and 9% respectively q-o-q. Small time builders winding operations or selling out to bigger players is the main reason for this. "Even the most conservative industry estimates indicate a staggering number of developers in top cities who have been either been wiped off the map or have merged with organised developers," says Anuj Puri, Chairman, Anarock Property Consultants.Organised real estate players will fare wellPhoenix is expected to report better growth in coming years. 72413697 As organised retailers are expected to do well in coming years, the best real estate player to bet on now is Phoenix Mills, one of India's largest mall owners and operators. Phoenix is expected to report better growth in coming years because some of its mall projects are expected to get completed in the next 2-3 years. While its Lucknow mall is expected to be operational in 2019-20, the remaining four are expected to be fully operational between 2020-21 and 2022-23.Corporate facing banksRetail-facing banks like HDFC Bank, Kotak Mahindra Bank, etc. will continue to do well even during periods of turmoil. However, analysts are more bullish on corporate facing banks now for three reasons. First, the valuations of corporate facing banks are much lower. Second, they are mostly out of the NPA related problem, which was plaguing them for the last 3-4 years. Third, the business opportunity is also increasing for them. "Through aggressive lending, NBFCs weaned away the SME segments from corporate banks in the past and these banks are now regaining market share due to the pains of NBFCs," says Kumar.Federal Bank is a good example of a mid-cap bank with improving fundamentals and reasonable valuations. First, its shift to retail book is playing out well and its retail loan growth was placed at 25% in the second quarter of 2019-20, mostly because of increased contribution from low risk housing and gold loans. Asset quality improvement is also visible and its 30% y-o-y increase in other income during the second quarter was because of recovery from written off accounts. "Given Federal Bank's largely steady watch-list and healthy capital adequacy ratio coupled with low valuations, we are positive on the stock," says a recent Axis Securities report. Federal Bank's price to book ratio is placed at 1.22 times, compared to the industry average of 1.60 times now.
NEW DELHI: Bharti Telecom, a promoter of Bharti Airtel, has sought government nod for the infusion of Rs 4,900 crore investment from Singapore-based Singtel and other foreign entities, a move that would make the country's oldest private telecom operator a foreign entity.The fund infusion will enhance foreign stakeholding in Bharti Telecom to over 50 per cent that will make it a foreign-owned entity, an official source aware of the development told PTI. Sunil Bharti Mittal and his family own around 52 per cent stake in Bharti Telecom, at present.Bharti Telecom holds around 41 per cent stake in Bharti Airtel while foreign promoter entities hold 21.46 per cent stake in the telecom firm. Public shareholders have around 37 per cent stake in the company."Bharti Telecom has applied for infusion of Rs 4,900 crore in the company which includes investments from Singtel and some other foreign investors. With this Bharti Telecom will become a foreign entity as majority stake will be held by overseas investors. DoT is expected to approve this investment this month," the source said. The Department of Telecom had earlier this year rejected Bharti Airtel's FDI application as the company had not provided clarity on the foreign investor.Total foreign shareholding is 43 per cent in Bharti Airtel, at present. With promoter firm Bharti Telecom becoming a foreign entity, foreign shareholding in the company will cross 84 per cent, the source said. Bharti Airtel has already been in discussion with Singtel and other entities for fund infusion.The company in August had informed stock exchanges that Bharti Telecom in order to retire some debt may seek equity from its existing promoter group which may include overseas entity and Singtel in proportionate to its holding.Bharti Airtel has said that even a marginal increase in foreign equity would take the foreign investment in Bharti Telecom above 50 per cent making it a foreign owned entity.Bharti Airtel has already applied to raise FDI limit to 100 per cent in the company.Bharti Airtel board last week approved a proposal to raise USD 3 billion through QIP, stake sale and debt papers as the company owes AGR dues of Rs 43,000 crore to the government.The company will launch one or more QIPs or offer for sale of equity shares or a combination of similar offers to raise USD 2 billion. Rest USD 1 billion will be raised through debentures and bonds.
BENGALURU | NEW DELHI: The government will likely give companies up to two years to be fully compliant with the proposals in the Data Protection Bill after it is passed in Parliament and becomes law, official sources told ET.The industry is of the view that since the Bill is modelled on the European Union's General Data Protection Regulation (GDPR), large companies, including global Internet giants and Indian information technology companies, may not have to put too much efforts to tweak their systems to comply with the proposed Indian law. "Some time — around two years — will be given to the companies to be compliant with the law," said a top government official, adding that the government would soon decide on the exact timeline for the implementation of the Bill.EU's GDPR was notified in May 2016 and gave companies and public bodies until May 2018 to adjust their business practices according to the legislation. "Let's assume the Bill gets passed within 24 hours. The draft Bill has provisions that within six months the Data Protection Authority has to be established and 12 months thereafter various sections can be bought into effect… all in one go or bit by bit, depending on the government. So, you have 18 months for reorienting your thinking, reorienting your software, rejigging the business practices," Justice BN Srikrishna, one of the main architects of the Bill, told ET.A committee led by the retired Supreme Court judge had in July 2018 submitted the draft Bill to the government, which held wide public and inter-ministerial consultations on the proposals before tweaking the Bill and getting it approved by the Union Cabinet last week.Aruna Sundararajan, one of the members of the Bill's drafting panel and former telecom and IT secretary, told ET that companies would be given lead time to implement the law but they needed to get their act together quickly."Once the Bill is passed and notified, it will be implemented in a calibrated manner. The companies will get a lead time, but they will have to get their act together quickly as there is enough precedent set with GDPR. They are not starting on a blank slate and have to fast forward," she said.However, domestic companies and startups may have to completely overhaul their systems to meet the proposed regulations. The Bill seeks to give the ownership of the data in the hands of the people and is based on the consent architecture. It means organisations, big and small, will have to seek the individual's consent before collecting any personal data and will have to clearly notify them of the purpose of its use. Data fiduciaries will have to delete the data in a stipulated time and users will have the option to revoke their consent at any time. Data localisation provisions on sensitive and critical personal data mean all the data of Indian users stored around the world will have to bring back to India, adding significant costs to businesses."Indian startups will have to significantly restructure the way they capture data, store data and have set up the consent mechanism," said Rameesh Kailasam, the chief executive at IndiaTech.org, a domestic lobby body that counts Ola, PolicyBazaar and MakeMyTrip among its members. "They will also need manpower who understands the law and rules. There is also a cost element involved and they may have to budget for storage and compliance cost."However, Data Security Council of India CEO Rama Vedashree said while Indian startups might face additional cost burden, the real challenge would be for the government and big firms. "The real challenge is with government agencies and state government departments and large technology organisations who deal with so much user data. Startups will have additional cost burden but the implementation of privacy provisions, not a challenge," said Vedashree, who was also a member of the Srikrishna committee.
NEW DELHI: Indians dismayed by the year-end surge in international airfares aren't cancelling holiday travel plans — they are just not going too far away. Most are opting for domestic and short-haul overseas destinations, according to online travel agencies and operators.There's been a 15-20% jump in advance bookings for destinations such as Goa, Udaipur and Jaipur from the year earlier as an increase in winter schedule capacity has resulted in a decline in some domestic fares. Advance bookings for international destinations like Singapore, Colombo, Bangkok, Dubai, Mauritius and Malaysia are up 10-12%. Meanwhile, operators said homestays and villas have gained in popularity over top hotels this holiday season with travellers looking to save on costs.Goa, Dubai, Udaipur, Jaipur, Bangkok, Singapore and Kuala Lumpur are the top trending holiday destinations, according to ixigo, while locales such as Dubai, Bangkok, Singapore, Kuala Lumpur and Colombo are receiving maximum bookings on Paytm Travel."With Christmas and New Year vacations right around the corner, we have witnessed a 15-20% jump in advance bookings for domestic destinations," said Aloke Bajpai, cofounder, ixigo. "An increase in capacity for the winter schedule has resulted in a 20% decline in domestic airfares. This has encouraged families, couples and millennials to opt for short domestic getaways over international vacations this year."Fares on key routes to the US and Europe are up almost threefold following the grounding of Jet Airways, which was the second-largest international carrier from India until it stopped flying in April, ET had reported on December 3. Compared with this, average fares to short-haul international destinations are up just 10-12%, according to ixigo. Some routes are actually cheaper — average one-way fares to destinations such as Dubai and Kuala Lumpur are down to Rs 16,695 and Rs 11,381, from Rs 16,818 and Rs 15,163, respectively, at the same time last year."We have seen an uptick in demand for short-haul international destinations such as Thailand, Singapore, Malaysia, Bali and Dubai," said Sabina Chopra, cofounder and COO, corporate travel and head of industry relations at Yatra-.com. "Compared to last year, there is a 63% growth in booking enquires for domestic destinations including Goa, Kerala, Coorg, Pondicherry and Orchha.
The sharp polarisation across market segments has been visible for a while now. Frontline indices have breached all-time highs even as mid- and smallcap indices have seen sharp corrections. This divergent performance has prompted calls for shifting allocation towards midand small-cap stocks. But how should investors play this space?The earlier valuation premium of midand small-cap indices relative to large caps has eroded completely. While the BSE Sensex is trading at a price to book value (PB) of 2.95, the BSE 150 Midcap index and BSE 250 Smallcap index are trading at 2.32 and 1.71 respectively. With large-cap valuations out of the comfort zone, experts say the valuation differential has turned riskreward in favour of mid and small-caps. "Over the long-term, the performance of small-, mid-cap vis-a-vis large-caps typically converges. So, the headwind of small, mid-cap underperforming should go away in due course," Prashant Jain, ED and CIO, HDFC Mutual Fund, said at a recent event. "The current situation presents an interesting opportunity to invest for the long term in mid-caps and small-caps, which are currently available at attractive valuations," says Nimesh Shah, MD & CEO, ICICI Prudential Mutual Fund.Mid- & small-caps have corrected sharply......But since January 2018, frontline stocks have soared. 72413738 Source: BSEClearly, there is enough reason to warrant a closer look at mid- and small-caps. However, the risk-reward dynamics between mid-caps and small-caps are quite different. According to some, small-caps offer a better opportunity now. ICICI Securities analysts Vinod Karki and Siddharth Gupta point out in a report that the risk spread has risen sharply for small and micro caps, whereas risk spreads for mid-caps (relative to large-caps) continue to be low. Risk spread is defined as the difference in trailing earnings yield between two types of stocks (such as mid-caps over large-caps). The comparatively higher risk spread for small-caps over large-caps makes this segment more attractive than mid-caps. "Sell-off since January 2018 has ensured the significant relative outperformance of small-caps has disappeared while mid-caps have held on to some of the outperformance," the report states.Experts recommend playing the smallcap space by taking the SIP route through mutual funds. Given the limited information available on smaller businesses, picking stocks directly in this space is akin to throwing darts in the dark. Besides, returns from small-cap funds are highly volatile and come through sporadically. At times, this segment may not offer returns for 3-4 years at a stretch, but then a sharp spike within 6-12 months can bump up the return profile by several notches.Small-cap funds have lagged in recent yearsIn past year, there have been several fund launches in this space. 72413751 Source: Value Research. Data as on 3 Dec. 3-year returns annualisedBesides, experts insist revised definitions make small-cap funds a more compelling space to invest in. As per new rules, small-cap funds can pick stocks ranked beyond the top 250 in terms of market capitalisation for their core portfolio, comprising 65% of the fund corpus. This has opened up a wider hunting ground for small-cap funds, as several erstwhile mid-caps now qualify for inclusion in the portfolio.Small-cap fund managers can now create a more hygienic portfolio and not compromise on quality. "Fund managers in this space can invest in more proven names across sectors and not be compelled to dabble in lower quality names," says Taher Badshah, CIO–Equities, Invesco Mutual Fund. "The investable universe of midcaps is much narrower than small-caps. At this juncture, we prefer SIP in small-cap funds for long term wealth creation," says Shah. Over the past year, there have been several fund launches in this space. For now, investors should stick with funds with a proven track record. It is advisable to keep allocation towards small-caps limited to 15-20% of the portfolio.Even when investing through mutual funds, investors should come into this segment with the right perspective. The risk in betting on smaller companies is more pronounced, particularly in the midst of a slowdown. This segment comprises relatively weaker business models with higher mortality rate that may not withstand high turbulence. Fundamentals of smaller businesses can weaken further if economic activity contracts and liquidity becomes scarce. However, within this segment, some companies are in a position to hold strong owing to being in niche businesses with a sizeable market share. "Exceptions do exist where relatively small companies enjoy a dominant position in small but rapidly rising sectors," say Karki and Gupta. They prefer non-commodity stocks that offer earnings yield yield greater than or equal to bond yield, stable earnings outlook, return on equity greater than 13%, low financial leverage, positive free cash flow and preferably be linked to the domestic economic recovery.
Zee provides a unique investment opportunity for the investors as there are no other leading media players listed. Also the recent share price correction, triggered by promoter woes, and the resultant fall in valuations has made the company a favourite of analysts.Investors used to consider Zee Entertainment Enterprises as a low risk high reward opportunity because of its strong business model and balance sheet. Zee always used to report better than industry advertising growth rates and increased subscriptions. In addition to its strong presence in the Hindi entertainment space, Zee also invests heavily in regional language space and this should make Zee a pan-India player. Due to increasing market share, Zee was also able to report 16% annualised advertisement revenue growth during the past five years.However, the decision of the promoters to raise money using Zee shares for their other projects has shattered this belief and dragged this counter to low levels. With the promoters selling their stake to repay personal debt, a big overhang over the counter has been removed now. This means the investor focus will now shift to its business fundamentals and balance sheet.Analysts' viewsSell 3Hold 10Buy 16The media industry is going through cut-throat competition now and Zee is responding to it with increased investments. There was pressure on its working capital and its working capital days in first half of 2019-20 was 204 compared to 152 during the first half of 2018-19. Zee's continued investment in new regional channels and its over the top (OTT) platform Zee5 is the main reason for this. Since these investments (for acquiring new movie rights etc.) are needed short term, this pressure on cash flow from operations will continue for some more time. However, analysts are hopeful that these pressures will be over soon and Zee will be able to return to positive free cash flows during 2020-21.Recent share price correction, triggered by the promoter woes, and the resultant fall in valuation is another reason attracting analysts to this counter. Zee also provides unique investment opportunity because other leading players from the media space are unlisted. However, investors entering this counter now should also know the possible risk involved. The biggest risk in Zee now is the uncertainty about upcoming management structure, because Subhash Chandra has resigned from the post of chairman, though he will continue to be a non-executive board member. However, the current CEO Punit Goenka is working efficiently and is well entrenched from 2008, he is also from the promoters' family. It means that the investors should keep a close watch on management changes in Zee. 72412364 Zee Entertainment compared with ET Media and Sensex. Stock price and index values normalised to a base of 100. Source: ETIG and Bloomberg.Selection Methodology: We pick up the stock that has shown maximum increase in "consensus analyst rating" during the last one month. Consensus rating is arrived at by averaging all analyst recommendations after attributing weights to each of them (ie 5 for strong buy, 4 for buy, 3 for hold, 2 for sell and 1 for strong sell) and any improvement in consensus analyst rating indicates that the analysts are getting more bullish on the stock. To make sure that we pick only companies with decent analyst coverage, this search will be restricted to stocks with at least 10 analysts covering it. You can see similar consensus analyst rating changes during the last one week in ETW 50 table.
BENGALURU | NEW DELHI: The government will likely give companies up to two years to be fully compliant with the proposals in the Data Protection Bill after it is passed in Parliament and becomes law, official sources told ET.The industry is of the view that since the Bill is modelled on the European Union's General Data Protection Regulation (GDPR), large companies, including global Internet giants and Indian information technology companies, may not have to put too much efforts to tweak their systems to comply with the proposed Indian law. "Some time — around two years — will be given to the companies to be compliant with the law," said a top government official, adding that the government would soon decide on the exact timeline for the implementation of the Bill.EU's GDPR was notified in May 2016 and gave companies and public bodies until May 2018 to adjust their business practices according to the legislation. "Let's assume the Bill gets passed within 24 hours. The draft Bill has provisions that within six months the Data Protection Authority has to be established and 12 months thereafter various sections can be bought into effect… all in one go or bit by bit, depending on the government. So, you have 18 months for reorienting your thinking, reorienting your software, rejigging the business practices," Justice BN Srikrishna, one of the main architects of the Bill, told ET.A committee led by the retired Supreme Court judge had in July 2018 submitted the draft Bill to the government, which held wide public and inter-ministerial consultations on the proposals before tweaking the Bill and getting it approved by the Union Cabinet last week.Aruna Sundararajan, one of the members of the Bill's drafting panel and former telecom and IT secretary, told ET that companies would be given lead time to implement the law but they needed to get their act together quickly."Once the Bill is passed and notified, it will be implemented in a calibrated manner. The companies will get a lead time, but they will have to get their act together quickly as there is enough precedent set with GDPR. They are not starting on a blank slate and have to fast forward," she said.However, domestic companies and startups may have to completely overhaul their systems to meet the proposed regulations. The Bill seeks to give the ownership of the data in the hands of the people and is based on the consent architecture. It means organisations, big and small, will have to seek the individual's consent before collecting any personal data and will have to clearly notify them of the purpose of its use. Data fiduciaries will have to delete the data in a stipulated time and users will have the option to revoke their consent at any time. Data localisation provisions on sensitive and critical personal data mean all the data of Indian users stored around the world will have to bring back to India, adding significant costs to businesses."Indian startups will have to significantly restructure the way they capture data, store data and have set up the consent mechanism," said Rameesh Kailasam, the chief executive at IndiaTech.org, a domestic lobby body that counts Ola, PolicyBazaar and MakeMyTrip among its members. "They will also need manpower who understands the law and rules. There is also a cost element involved and they may have to budget for storage and compliance cost."However, Data Security Council of India CEO Rama Vedashree said while Indian startups might face additional cost burden, the real challenge would be for the government and big firms. "The real challenge is with government agencies and state government departments and large technology organisations who deal with so much user data. Startups will have additional cost burden but the implementation of privacy provisions, not a challenge," said Vedashree, who was also a member of the Srikrishna committee.
IBC to be amended to protect new owners of bankrupt cos MUMBAI: The Centre is set to alter the insolvency code to shield new owners of bankrupt companies from criminal liabilities pertaining to the time when the entities were controlled by the outgoing promoters, three people familiar with the matter told ET.The Cabinet is likely to approve relevant changes to the three-year-old Insolvency and Bankruptcy Code (IBC) at the earliest, they said."The government is expected to shortly seek Cabinet approval on amending the IBC that will give immunity to assets bought through the NCLT (National Company Law Tribunal) route," said one of the three cited above."This will bring much-needed confidence to buyers of distressed assets, acquirers who were otherwise wary about the over-reach of the investigative authorities."72431926 ET reported on December 4 that steel giant ArcelorMittal had approached the government seeking immunity from any future probes into Essar Steel or its erstwhile promoters, the Ruia family. Arcelor-Mittal won the bid for Essar Steel through the IBC resolution process.Amendments to the IBC, which came into effect in December 2016, will require eventual parliamentary approval. The ongoing winter session of Parliament is scheduled to end on December 13.Buyers of distressed assets have been a worried lot after the Enforcement Directorate (ED) attached assets of the Singal family, the erstwhile promoter, on charges of money laundering in the Bhushan Power & Steel case.The ED had attached the assets of Bhushan Power & Steel around the time JSW Steel was looking to acquire the company.The case saw the ED and the National Company Law Appellate Tribunal (NCLAT), the court of appeals in bankruptcies, debate which of the two had priority rights over the assets of an insolvent company.In October, the NCLAT came down heavily on the ED and directed it to release the assets of Bhushan Power & Steel."You are going to kill the economy of the country... (You are) playing with fire," the bench headed by NCLAT chairman Justice SJ Mukhopadhyaya had told the directorate, ET reported on October 15. "No outsider will come and purchase (distressed companies)... IBC cannot be annulled in this manner. Money laundering is by an individual."Last month, India's Supreme Court cleared billionaire Lakshmi Mittal's ?42,000 crore bid to take over Essar Steel's manufacturing complex at Hazira in Gujarat and settle outstanding debt. Essar Steel owes as much as ?54,550 crore to its lenders. But ArcelorMittal is awaiting clarity over amendments to the IBC before transferring money into the lenders' escrow account.A mail sent to the finance ministry and the Insolvency and Bankruptcy Board of India (IBBI) did not elicit any response.While the details of the amendments are not fully known, experts said blanket immunity may be counter-productive in such cases and should come with a set of riders that ensure assets built through proceeds of crime are not legitimised. Across-the-board immunity could also encourage round-tripping."The same rule cannot apply to every situation and hence the government should carefully look at giving immunity in cases dealing with bankrupt companies: Otherwise, it may end up permitting the sale of assets gained through illegal routes," said one of the people cited above. "The sovereign should have rights over such assets."However, another banker aware of the development said this cannot be an argument against providing immunity to the new buyer."Investigations similar to Bhushan Power and Steel will keep all potential buyers away. Even without the amendment, IBC had seen promoters attempting to buy their own companies, but that wasn't allowed and deals could be scrutinised to make sure these transactions are above board," he said. Source: ET
IBC to be amended to protect new owners of bankrupt companies MUMBAI: The Centre is set to alter the insolvency code to shield new owners of bankrupt companies from criminal liabilities pertaining to the time when the entities were controlled by the outgoing promoters, three people familiar with the matter told ET.The Cabinet is likely to approve relevant changes to the three-year-old Insolvency and Bankruptcy Code (IBC) at the earliest, they said."The government is expected to shortly seek Cabinet approval on amending the IBC that will give immunity to assets bought through the NCLT (National Company Law Tribunal) route," said one of the three cited above."This will bring much-needed confidence to buyers of distressed assets, acquirers who were otherwise wary about the over-reach of the investigative authorities."72431926 ET reported on December 4 that steel giant ArcelorMittal had approached the government seeking immunity from any future probes into Essar Steel or its erstwhile promoters, the Ruia family. Arcelor-Mittal won the bid for Essar Steel through the IBC resolution process.Amendments to the IBC, which came into effect in December 2016, will require eventual parliamentary approval. The ongoing winter session of Parliament is scheduled to end on December 13.Buyers of distressed assets have been a worried lot after the Enforcement Directorate (ED) attached assets of the Singal family, the erstwhile promoter, on charges of money laundering in the Bhushan Power & Steel case.The ED had attached the assets of Bhushan Power & Steel around the time JSW Steel was looking to acquire the company.The case saw the ED and the National Company Law Appellate Tribunal (NCLAT), the court of appeals in bankruptcies, debate which of the two had priority rights over the assets of an insolvent company.In October, the NCLAT came down heavily on the ED and directed it to release the assets of Bhushan Power & Steel."You are going to kill the economy of the country... (You are) playing with fire," the bench headed by NCLAT chairman Justice SJ Mukhopadhyaya had told the directorate, ET reported on October 15. "No outsider will come and purchase (distressed companies)... IBC cannot be annulled in this manner. Money laundering is by an individual."Last month, India's Supreme Court cleared billionaire Lakshmi Mittal's ?42,000 crore bid to take over Essar Steel's manufacturing complex at Hazira in Gujarat and settle outstanding debt. Essar Steel owes as much as ?54,550 crore to its lenders. But ArcelorMittal is awaiting clarity over amendments to the IBC before transferring money into the lenders' escrow account.A mail sent to the finance ministry and the Insolvency and Bankruptcy Board of India (IBBI) did not elicit any response.While the details of the amendments are not fully known, experts said blanket immunity may be counter-productive in such cases and should come with a set of riders that ensure assets built through proceeds of crime are not legitimised. Across-the-board immunity could also encourage round-tripping."The same rule cannot apply to every situation and hence the government should carefully look at giving immunity in cases dealing with bankrupt companies: Otherwise, it may end up permitting the sale of assets gained through illegal routes," said one of the people cited above. "The sovereign should have rights over such assets."However, another banker aware of the development said this cannot be an argument against providing immunity to the new buyer."Investigations similar to Bhushan Power and Steel will keep all potential buyers away. Even without the amendment, IBC had seen promoters attempting to buy their own companies, but that wasn't allowed and deals could be scrutinised to make sure these transactions are above board," he said. Source: ET
UK Elections: PM Boris Johnson's Conservatives poll lead jumps to 14 points The poll put Johnson's party on 45%, up 2 points, compared to Labour's 31%, down 2 points, before Thursday's national election.
Strong US jobs data supports dollar as market looks to country's trade deal with China China's exports shrank for the fourth consecutive month in November, underscoring persistent pressures on manufacturers from the Sino-US war.
From the rental income, only specified deductions are available such as payment towards municipal taxes, standard deduction of 30% of net rent, interest on housing loan, if any.As per the Income-tax Act, the buyer of an immovable property is required to deduct TDS at the time of making a payment to the seller Source: LM
B.Sc. in Radiology & Imaging Technology – I & II YR
