Maharashtra brings debt-to-GDSP ratio below 15%

first_imgMaharashtra has brought down its debt-to-gross state domestic product (GSDP) ratio below the 15%-mark, with the latest budget estimates pegging the debt stock at ₹4,14,411 crore for 2019-2020.Debt stock refers to the government’s accumulation of unpaid loans and other liabilities. A low debt-to-GDSP ratio indicates capacity to pay back debt.The drop to 14.82% as opposed to the initially-projected 16.5% during the estimates presented in March 2018, has been made possible due to prudent fiscal planning, Finance Minister Sudhir Mungantiwar said on Wednesday, while presenting his last budget speech before the 2019 elections.At the peak of the Congress-Nationalist Congress Party (NCP) regime, the benchmark number had crossed 28%, he said.The State’s debt-to-GSDP ratio has been declining over the years: from 17.81% in 2014-15, it came down to 15.7% in 2016-17.As per the Centre’s financial indicators, a State’s financial position is considered healthy if the quantum of debt is below 25% of GSDP, officials said. As per the budget estimates presented in March 2018, the State’s total debt was estimated at ₹4,61,807 crore. The government had accordingly planned to raise a loan of ₹54,996 crore. But efforts were made to restrict the loan, in which only ₹11,990 core was finally raised, restricting the debt to ₹4,14,411 crore, said Mr. Mungantiwar, taking a dig at the Opposition for its failure to restrict the debt-to-GSDP ratio.The Finance Minister said the evaluation of the State’s financial position must be based on scientific and available indicators. Mere allegations that the State is ‘highly indebted’ or has become ‘bankrupt’ does not help anyone’s cause, he said taking a veiled dig at the Opposition. “I heard someone in the Opposition talk about our ballooning debt, but let me explain, it all depends on ratio of debt to GSDP,” he told the Opposition benches in the Assembly on Wednesday.Key Highlights of Interim Budget 2019-2020: Estimated revenue receipts: ₹3,14,489 crore Estimated revenue expenditure: ₹3,34,273 crEstimated revenue deficit: ₹19,784 crOutlay plan: ₹ 99,000 crSchool and health services for scheduled caste: ₹9,208 crIrrigation projects: ₹ 8,733 cr Road development: ₹8,500 crTribal development: ₹8,431 crPradhan Mantri Awas Yojna: ₹6,895 crEnergy infrastructure works: ₹6,306 crElectricity concession to agri sector: ₹5,210 crWomen and child development schemes: ₹2,921 cr For Vimukt Jati, nomadic tribes: ₹ 2,892 cr Smart Cities: ₹2,400 crFor building judges and court quarters: ₹725 cr. Modernisation of state transport bus stand: ₹101 crFor police housing: ₹ 375 crDebt stockYear — —— Debt Stock — ratio debt to GSDP 2014-15 — ₹3,00,477 cr — 17.81%2016-17 — ₹3,56,213 cr — 15.7% 2019-20 —— ₹4,14,411 cr – 14.82%last_img read more

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Ind vs Eng: India beat Kent in a thriller

first_imgJoe Denly’s century went in vain as India eked out a thrilling five-run win over Kent in a rain-curtailed 20-over-a-side practice match at the St Lawrence Ground. India lost the Test series 0-4.With the win over Kent last night, India registered its second victory on English soil. On Thursday, the Indians had defeated Sussex by six wickets.The Indians had earlier defeated Sussex by six wickets in their first limited overs practice match at Hove on Thursday.Chasing India’s competitive 164 for six, Denly turned out to be the lone warrior for Kent with the bat as he anchored the hosts innings with a 68-ball 100.Martin van Jaarsveld and Darren Stevens tried hard to give Denly support from the other end with an identical 17 but once the centurion departed Kent’s chase fell apart and the home team could only manage 159 runs for the loss of five wickets in 20 overs.Left-arm seamer RP Singh shone with the ball for India picking up two wickets for 36 runs while Munaf Patel (1/22) and R Ashwin (1/30) scalped a wicket each.Earlier, sent into bat Virat Kohli slammed a quickfire 78 to help India post a competitive 164 for six.Kohli started from where he left against Sussex yesterday, and notched up his second half century of the tour in just 52 balls with the help of seven boundaries and three towering sixes.India’s other half centurion against Sussex, Rohit Sharma gave Kohli good support from the other end with a run-a-ball 30.The duo shared 69 runs for the third wicket off just 48 deliveries to lay the foundation for India’s score, especially after the visitors lost both the openers — Parthiv Patel (1) and Rahul Dravid (15) — cheaply.advertisementOff-spinner Ravichandran Ashwin played a good hand down the order with a 12-ball 23, but captain Mahendra Singh Dhoni and Suresh Raina once again failed with the bat.It was the Doni’s first-ball duck which sent tongues wagging at a packed St Lawrence ground. Dhoni had just arrived at 132 for four in the 17th over when he slammed his first ball from spinner James Tredwell hard but uppishly at mid-on to take the wind out of Indian innings.A ball before, Kohli was run out after he was pushed for a non-existent second run by Raina, whose poor form continued as he could score just four before being bowled by Tredwell.Torrential rains had earlier forced the 50-over-a-side match to be reduced to a Twenty20 fixture.Sent into bat, India lost openers Parthiv and Dravid with the scoreboard reading 53.While Parthiv edged one to wicket-keeper Geraint Jones, Dravid offered a difficult catch to Tredwell at mid-on off left-arm pacer Adam Ball.For Kent, Tredwell turned out to be the pick of the bowlers picking up two wickets for 18 runs. – With inputs from PTIBrief Scores: India 164 for 6 in 20 overs (Virat Kohli 78, Rohit Sharma 30; James Tredwell 2 for 18) bt Kent 159 for 5 in 20 overs (Joe Denly 100; RP Singh 2 for 36) by 5 runs.last_img read more

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Sachin Tendulkar set to open chain of sports bars, speciality restaurant in India, UK, Australia

first_imgSachin TendulkarEven cricketers can be foodies. Sachin Tendulkar is capitalising on the one other thing Indians are passionate about – food. And it’s not just a sporting interest.The cricketer is set to open a chain of sports bars and speciality restaurants serving gourmet cuisine to be called Tendulkar’s in India,,Sachin TendulkarEven cricketers can be foodies. Sachin Tendulkar is capitalising on the one other thing Indians are passionate about – food. And it’s not just a sporting interest.The cricketer is set to open a chain of sports bars and speciality restaurants serving gourmet cuisine to be called Tendulkar’s in India, UK and Australia. Sanjay NarangThe joint venture with Mumbai restaurateur Sanjay Narang, better known as Sushmita Sen’s beau (that Bollywood connection again), will have its flagship restaurant in south Mumbai.The interiors will be “dramatic”, incorporating Tendulkar’s memorabilia. ESPN is getting him to play host on its channel.Will Tendulkar do the same at his cafes?last_img read more

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Lampard not dreaming of Chelsea job

first_imgFrank Lampard is not dreaming of managing Chelsea until his achievements as a coach merit consideration, as he prepares to take his Derby County side to Stamford Bridge in the Carabao Cup on Wednesday.Derby knocked out Manchester United at Old Trafford in the competition’s previous round, with Lampard having guided the Rams to sixth in the Championship table since starting in his first managerial role in August.But Chelsea’s all-time record goalscorer, who recorded 211 goals in 648 games across 12 years in west London, says that leading the club from the dugout is not on his agenda as he cuts his teeth as a manager. Article continues below Editors’ Picks Man Utd ready to spend big on Sancho and Haaland in January Who is Marcus Thuram? Lilian’s son who is top of the Bundesliga with Borussia Monchengladbach Brazil, beware! Messi and Argentina out for revenge after Copa controversy Best player in MLS? Zlatan wasn’t even the best player in LA! “No, because I am pragmatic about those things,” he told the Daily Telegraph. “In football your next game is all-important. I don’t see anything beyond playing Chelsea, and then I will concentrate on ­Birmingham at the weekend.“So to dream is one thing, but in reality, what happens next will rely on what I do here. Hopefully I can bring success to this club.”The former England midfielder has faced his old team before since leaving Chelsea, scoring for Manchester City in 2014 during a season-long loan spell from MLS outfit New York City.Lampard refrained from celebrating his goal that day at the Etihad Stadium, and he expects to show the same restraint should the Rams repeat their surprise success at Old Trafford earlier in October.“It will be easy because I respect the club,” he said. “When I scored against them, I didn’t celebrate. I wouldn’t have done in a million years. Although I was doing my job, I love Chelsea and had a strong bond with the fans that will hopefully never go.“As a manager, I will be respectful because I have to appreciate what the club did for me. I will feel proud and honoured going back to a place I called home for 13 years and still feels like home.“This is my working home now and I have got a great affiliation with this club already, but I can’t forget 13 years of my career.”Derby have been boosted by Chelsea allowing loanees Mason Mount and Fikayo Tomori to play on Wednesday as they look to end Maurizio Sarri’s unbeaten start to life as Blues boss.last_img read more

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I will try to make a comeback at Commonwealth Championships, says Soumyajit Ghosh

first_imgEmbroiled in a case of domestic violence, former national champion Soumyajit Ghosh on Wednesday said he is eyeing a competitive return with the Commonwealth Table Tennis Championships in June, after being granted an unconditional bail by Barasat Courts.”All the allegations against me are false and myself and my family have got bail,” Ghosh, who had become the youngest national champion back in 2013, told reporters.”I will try to make a comeback in the Commonwealth Championships. I will try my best. But at the same time I’ll have to appear in courts whenever they summon.””With the bail, I can concentrate on playing again. It’s a very difficult battle and I consider myself lucky that my family and well-wishers stand beside me.”Ghosh and five of his family members and relatives were charged with IPC sections 498A (physical and mental torture), 406 (criminal breach of trust), 195A (threatening to give false evidence) and 34 (common intention) at the Barasat Courts on January 16.”We all made an effort to reunite but I’m clueless why all these allegations were made against us. I was really shocked to see the complaint. I’m innocent and waiting for the verdict.”After getting a notice, they appeared at the Barasat Courts and after the hearing, the chief judicial magistrate granted bail without imposing any condition, his lawyer Sibashish Pattanayak Dey said.Ghosh married the same girl who had accused him of rape and after the case was dismissed, the same girl filed fresh charges against the Olympian.Also watch:advertisementlast_img read more

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12 days agoSevilla chief Monchi happy working with coach Lopetegui

first_imgSevilla chief Monchi happy working with coach Lopeteguiby Carlos Volcano12 days agoSend to a friendShare the loveSevilla sporting director Monchi is delighted working with coach Julen Lopetegui.Sevilla has been a surprise packet so far this season.Monchi told Marca: “There are always doubts until you really know the coach. Julen has presently surprised me. Everyone told me that he was very professional and he’s won me over. When I see someone like him I fall in love, so I’m very happy to work with him.”I don’t read the press and criticism doesn’t affect me. It’s childish and not real. I think the coach knows what’s happening. The important thing is to know how to plan your road map. I always admit when I’ve been wrong.” About the authorCarlos VolcanoShare the loveHave your saylast_img read more

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ESPN Announcer Getting Crushed For What He Said About Alabama’s Loss

first_imgNick Saban stares on the sideline.TUSCALOOSA, AL – SEPTEMBER 08: Head coach Nick Saban of the Alabama Crimson Tide looks on during the game against the Arkansas State Red Wolves at Bryant-Denny Stadium on September 8, 2018 in Tuscaloosa, Alabama. (Photo by Kevin C. Cox/Getty Images)ESPN’s lead college football announcer is facing some criticism for what he said about Alabama at the end of the Crimson Tide’s loss to Clemson tonight.With the final seconds ticking off the clock in Clemson’s 44-16 thumping of Alabama, ESPN’s Chris Fowler pondered where the Crimson Tide will go from here.“Where does Alabama go from here?” Fowler asked ESPN’s Kirk Herbstreit.Unsurprisingly, Fowler is facing some criticism for this.Alabama is bringing in another top recruiting class, returns Tua Tagovailoa and will almost surely be back in the College Football Playoff next year.Chris Fowler, “Where does alabama go from here?” How about the same direction that has brought 5 championships. What a dumb comment. Congrats to Clemson on a dominating performance. They deserved it from the start.— Dallas Smith (@Bigd8989Dallas) January 8, 2019Chris Fowler: “where does Nick Saban and Alabama go after this?”… back to the National Championship?? ?— Bryan Diehr (@bryandiehr24) January 8, 2019Did Chris Fowler seriously just ask where Alabama goes from here? Lol. Well Chris, they probably go undefeated again and play for another championship in 2020.— Doug Bucshon (@IllinoisRivals) January 8, 2019Of course, Vegas has already released its odds for next season.Alabama is right there at the top:HOT OFF THE PRESSES!!!Futures odds from @SuperBookUSA to win the 2020 #CFBPlayoff National Championship: pic.twitter.com/sQtwIf0Td2— Covers (@Covers) January 8, 2019Alabama will either start the 2019 season ranked No. 1 or No. 2 in the country, too. The Crimson Tide will be just fine.last_img read more

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Foundation Stone Laid for New DP World Terminal in India

first_img Print  Close zoom A major milestone in the development of the new DP World terminal at India’s premier gateway port, Jawaharlal Nehru Port, was achieved today with the ceremonial laying of the foundation stone by the Honourable Minister of Shipping Shri GK Vasan.The ceremony at the Nhava Sheva (India) Gateway Terminal site was held in the presence of the Honourable Minister of State for Shipping, Shri Milind Deora, the Chairman DP World, HE Sultan Ahmed Bin Sulayem, and HE Shri NN Kumar, Chairman of Jawaharlal Nehru Port, along with dignitaries from the Government of India, senior members of Jawaharlal Nehru Port Trust and DP World, and the Indian trade community.HE Sultan Ahmed Bin Sulayem, Chairman, DP World, said: “Today is an important milestone for us and we thank the Honourable Minister Shri GK Vasan for laying the foundation stone for the Nhava Sheva (India) Gateway Terminal. The new development would not have been possible without the dedication and commitment of the Government of India to India’s trade community. As the busiest gateway and hub in India, Nhava Sheva has been constrained in the past by lack of facilities, which has impacted trade. We at DP World are proud to bring new capacity to this vibrant city and the fast growing economy of India.“The new terminal will serve India for generations to come and help speed goods to market, stimulating trade, contributing to economic growth, which in turn contributes to the development of communities and individuals.”Anil Singh, Senior Vice President & Managing Director, DP World Subcontinent said: “For the last five years, India’s premier port has been in critical need of capacity with container trade rising. The building of greater capacity is part of the port’s long term vision. Nhava Sheva (India) Gateway Terminal will provide the immediate relief that the trade community urgently requires and we at DP World are fast tracking the project to commence operations as early in 2015 as possible and we have already placed the order for the cranes that will be installed.”Once constructed, the new terminal will add 800,000 TEUs (twenty foot equivalent container units) of container capacity to the port, and help ease congestion, as the port is currently operating beyond capacity. DP World is investing US$200 million to build the terminal.With one of the strongest emerging economies in the world, and a burgeoning middle class population, India offers immense potential for growth. With Nhava Sheva (India) Gateway Terminal, DP World will contribute even more to India’s growth, offering customers the ability to grow and expand their business in India more efficiently. DP World, March 5, 2014 此页面无法正确加载 Google 地图。您是否拥有此网站?确定 My locationlast_img read more

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Several Bids In for Port of Newcastles Container Terminal

first_imgzoomImage Courtesy: Port of Newcastle/ Container Terminal concept illustration The world’s largest coal export port is on track with its plans to diversify and has received a number of unsolicited bids to develop and operate a container terminal, the CEO of Australia Port of Newcastle, Craig Carmody, said.The announcement is being made after DP World ended talks with the port on the construction of a container terminal at the Australian giant coal port. The company did not disclose the reasons behind the decision when confirming it to World Maritime News.Under the port’s plan, the container terminal would be developed in stages at the Mayfield site and it would have a capacity for a 2 million TEU per annum. At the moment, the Australian Competition and Consumer Commission (ACCC) is reviewing “an artificial constraint on the Port of Newcastle by the NSW government restricting the development of a viable and competitive container terminal.”“I can confirm that the Port of Newcastle has been approached by a number of globally significant container port operators who are eager to take advantage of our proximity to exporters and importers, the availability of large tracts of low cost land around the port and our access to dedicated freight transport infrastructure.“Whilst we cannot go into details yet, these bids clearly demonstrate that there is no doubt in the minds of private investors that a container terminal in the Port of Newcastle is economically viable. It’s really a matter of when, not if, we will see preparatory work commencing on the container port in Newcastle,” Carmody said.“It should be noted that, these bids are contingent on the removal of the current artificial constraint imposed on NSW port competition and other regulatory issues.”The port’s CEO added that the development is being pursued as the number of containers moving through ports in NSW is likely to double in the next 20 years. As such, developing a container terminal in the port would help ease congestion in Sydney and congested NSW roads.last_img read more

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NCPCR preparing report on refugee children living in N Delhi

first_imgNew Delhi: The National Commission for Protection of Child Rights (NCPCR) is preparing a detailed report on the condition of the refugee children living at Majnu Ka Tila in North Delhi area. On Tuesday, the team of child rights body visited the spot. “After class 8, children living there have no options for further studies,” said NCPCR official adding that during the visit a girl was found unhealthy, she had no option for treatment. The security of these children was also a reason for concern. Also Read – Kejriwal ‘denied political clearance’ to attend climate meet in DenmarkAccording to the official, they are making a detailed report on the refugee from the beginning when they came to India, how much they got help from governments and what is their way of earning. Yashwant Jain, member NCPCR told Millennium Post that a complaint was received after which team went to the camp for assessment. “A report is being prepared,” said Jain. During the visit, the NCPCR team found many flaws in the camp which includes poor hygienic condition, improper water facilities, bathrooms were in a poor state. The officials which include Yashwant Jain and Rosy Taba interacted with the kids. The report may include the possibilities through which the lifestyle of these refugees can be changed. “Facilities like enhancing children education, linking with vocational schools can uplift the lifestyle of kids. All the possibilities will be explored,” added NCPCR official. “We may send the report to the state and central government,” added the official.last_img read more

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Clean fuels standard coming soon but maybe not this fall McKenna

first_imgOTTAWA – The single biggest element of Canada’s national emissions reduction plan might not be unveiled on time.A year ago, the federal government announced plans to develop a national clean fuels standard to reduce harmful emissions. It was supposed to start with consultations in the spring and then follow up with the framework this fall.The discussion paper came in February followed by discussion groups and consultations with other governments and industry, but Environment Minister Catherine McKenna will no longer commit to unveiling the framework before Christmas.When asked specifically if it was still coming before Christmas as planned, all McKenna will now say is it is expected “in the coming months.”Regulations to start implementing it were supposed to be published by the middle of 2018.The clean fuels standard will require fuel producers to reduce the carbon intensity of their products.One of the expectations is that Canada will require bigger blends of substances like ethanol, biodiesel and renewable diesel into existing fuels.The standard aims to slash 30 million tonnes of annual greenhouse gas emissions total by 2030, which is more than one-third of the emissions cuts predicted from the entire Pan Canadian Framework on Clean Growth and Climate Change.Thirty million tonnes of emissions is about what 6.4 million passenger cars burn over a year.“It’s a really important piece of our climate plan,” McKenna said Tuesday of the standard. “We know that we can have cleaner fuels. There is an economic opportunity. The details will be coming out soon.”Jeremy Moorhouse, senior policy analyst for Clean Energy Canada, says a national clean fuels standard could add $5.6 billion in annual economic activity, including 31,000 new jobs, by 2030. That’s largely from building and operating renewable fuels plants.Clean Energy Canada released a report today which examines the options for Canada’s national standard.A clean fuels standard could add 5 cents to a litre of gasoline by the time it’s fully implemented. That’s on top of the 11.6 cents a litre a $50 a tonne carbon price is expected to add.Canadians could see their monthly expenses rise between $2 and $5 a month from the clean fuel standard alone, the report suggests.However Moorhouse stresses people will find they save more than they lose once all of the new strategies on energy are combined, including cuts to how much energy they actually use with energy efficiency programs and better building codes.The Clean Energy analysis suggests people who are the most energy-conscious, those who drive electric cars and have the most efficient furnaces in their homes, stand to save $84 a month with new efficiency technologies expected in the next decade or so.A typical Canadian who drives a regular car and has a decent, but not top-of-the-line efficient furnace, will save about $22 a month.Moorhouse said both British Columbia and California have had clean fuel standards in place since 2010. Clean Energy Canada’s website claims the B.C. standard has been so effective most British Columbians aren’t even aware it exists, yet it resulted in one-fourth of B.C.’s emissions reductions between 2007 and 2012.— follow @mrabson on Twitter.last_img read more

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TD Bank reports flat profit buys Epoch Investments for 668million

TD Bank Financial Group (TSX:TD) reported a fourth-quarter profit of $1.6 billion Thursday as it announced a deal to buy U.S.-based money manager Epoch Holding Corp. for US$668 million in cash.“We’ve been looking for an opportunity to acquire a U.S. asset manager to build our North American Wealth business, which is a key growth area for TD,” said Mike Pedersen, who runs TD’s wealth management and insurance business.“This acquisition makes strategic sense for TD. It will broaden our offer for institutional and retail clients in Canada and will immediately and significantly strengthen our U.S. wealth business.”Shareholders of Epoch (Nasdaq:EPHC) will receive US$28 per share under the deal that will see the company continue to operate under its current brand name and operating structure.With the acquisition, TD said it expects to add approximately US$24 billion in assets under management to the US$207 billion already under management by TD Asset Management.The purchase was announced as TD released its fourth-quarter and full-year results for 2012.TD reported a profit for the three months ended Oct. 31 of C$1.66 per diluted share, compared with a profit of $1.59 billion or $1.68 per diluted share the same time last year. Revenue totalled $5.89 billion, up from $5.66 billion.On an adjusted basis, TD had $1.83 per share of diluted earnings — up from $1.75 per share a year earlier and two cents a share above analyst expectations.Analysts on average expected TD would have adjusted earnings of $1.81 per share and revenue of $6 billion, according estimates compiled by Thomson Reuters.“The fourth quarter earnings contributed to a strong year for TD,” TD chief executive Ed Clark said in a statement. “We achieved those results despite a tough operating environment, demonstrating the strength and resilience of our business model.”Canadian personal and commercial banking earned $806 million in the quarter, up from $754 million a year ago, while U.S. personal and commercial banking earned $316 million, up from $295 million.Wholesale banking earned $309 million, up from $280 million. TD’s wealth and insurance business earned $242 million, down from $289 million a year ago.Barclays analyst John Aiken said credit was weaker than anticipated, with a sizable increase in domestic loan impairments.“This drove a significant increase in provisions for credit losses,” Aiken wrote in a note to clients. “While we believe that this could be more of an exercise in catching up as opposed to an indication of structural deterioration, it is something that bears watching, particularly as some of TD’s peers have also shown some weakness in domestic retail credit.”For its full financial year, TD said it earned $6.47 billion or $6.76 per diluted share on $23.12 billion in revenue. That compared with a profit of $6.05 billion or $6.43 per diluted share on $21.66 billion in revenue in the prior year.Also reporting quarterly earnings Thursday was CIBC (TSX:CM) and National Bank (TSX:NA).CIBC (TSX:CM) earned $852 million in the fourth quarter or $2.02 per share, up from $757 million or $1.79 per diluted share a year ago. Revenue totalled $3.16 billion, down slightly from $3.2 billion a year ago. Adjusted diluted earnings per share came in at $2.04.Analysts had expected on average CIBC would have adjusted earnings of $1.98 per share and revenue of $3.2 billion in the fourth quarter, according to estimates compiled by Thomson Reuters.CIBC said its fourth quarter had several one-time items that collectively reduced its earnings by two cents per share. The year-ago results included one-time items that added a penny per share.Meanwhile, National Bank increased its quarterly dividend to 83 cents from 79 cents as it reported a fourth-quarter profit of $351 million or $1.97 per share. The results compared with a profit of $292 million or $1.62 per share a year ago.Revenue at National Bank grew 15 per cent to $1.35 billion, compared with $1.17 billion in the same period last year.RBC Capital Markets analyst Andre-Philippe Hardy noted the CIBC results were better than expectations, but retail revenue growth remained weak.“We believe that, for the market to have a positive change of view on CIBC’s stock relative to peers, better retail revenue growth is needed and fourth-quarter 2012 results are unlikely to change investors’ view on the bank’s relative growth profile in domestic retail banking,” he wrote in a note to clients.Hardy noted that National Bank’s results were in-line with the market expectations, but this was offset by lower than expected capital ratios.“We do not expect meaningful changes to our retail banking profitability forecasts while the bank’s relative capital position weakened in the quarter,” he wrote.In October, debt rating agency Moody’s Investors Service placed the long-term ratings of six Canadian banks including TD, CIBC and National Bank on review for a possible downgrade due to worries about consumer debt and home prices.The ratings agency said high levels of consumer debt and high housing prices have left the banks more vulnerable to downside risks to the Canadian economy than in the past.Moody’s also noted at the time that its scenario for Canada’s economy is for growth between two per cent and three per cent next year, but that the downside risks had increased.TD shares were down $1.63 at $80.95 on the Toronto Stock Exchange in trading Thursday morning, while CIBC was down 44 cents at $80.08.National Bank shares were down 71 cents at $77.06. read more

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World must act now to forestall staggering threat from global warming –

“With these facts before us, we need, more than ever before, a concerted and renewed international efforts to combat the climate change problem,” Klaus Toepfer, Executive Director of the UN Environment Programme (UNEP) said in a statement citing a newly released report by an international team of 300 scientists. The Arctic Climate Impact Assessment (ACIA), an unprecedented four-year scientific study, confirms earlier worrying research on global warming. Increasing concentrations of greenhouse gases are projected to contribute to additional warming of 3 to 9 degrees over the next 100 years and developing countries will suffer most. “The Arctic region, the barometer on global climate change, is like an environmental early warning system for the world,” Mr. Toepfer said. “What happens there is of concern for everyone because Arctic warming and its consequences have worldwide implications.” Among its many detailed findings the ACIA, commissioned by the Arctic Council, a high-level intergovernmental forum comprising Canada, Denmark, Finland, Iceland, Norway, Russia, Sweden and the United States, predicts that Arctic vegetation zones and animal species will be affected. Retreating sea ice is expected to reduce the habitat for polar bears, walrus, ice-inhabiting seals and marine birds, threatening some species with extinction. Such changes will also affect many indigenous communities who depend on such animals, not only for food, but also as the basis for cultural and social identity. Beyond the region, as Arctic glaciers melt and the permafrost thaws, developing countries with limited means to adapt to environmental change will suffer most. Mr. Toepfer praised Russia’s recent decision to ratify the Kyoto Protocol on climate change as an important step in the international fight to check global warming but warned: “As the ACIA reveals the battle is far from over. “I want to congratulate the Arctic Council for their decision to commission the report,” he added. “We now have a clear scientific consensus that the Arctic is warming and the resulting affects on global climate will be serious.” read more

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Security Council backs peace efforts in Somalia

The Council’s expression of support came a statement read out during an open session by Ambassador John C. Danforth of the United States, which holds the rotating presidency of the 15-member body for November. The Council was meeting in Nairobi, Kenya – just the fourth time in the last half century it has convened outside its New York base – in a bid to speed peace efforts in Sudan and other regional hotspots.The statement welcomed the progress made in the Somali national reconciliation process, particularly the establishment of the Transitional Federal Parliament, the election of the Speaker of the Parliament and the President, and the appointment of the Prime Minister, “which provides a sound and solid framework to achieve a comprehensive and lasting solution to the Somalia situation.”The members also reiterated their expectation “of the establishment of a broad-based, all-inclusive and effective government inside Somalia that will continue the reconciliation efforts with all Somali parties.””The Security Council stresses that it is the responsibility of all Somali parties to work together to consolidate the gains made so far and to achieve further progress,” the statement said. “The Council calls upon them to seize this historic opportunity for peace in Somalia by developing a programme of action and timetable for the transitional period, creating a favourable environment for long-term stability and making determined efforts to rebuild the country.” read more

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4 potential replacements join the rotating quarterback carousel

If Saturday’s Spring Game was supposed to be any indication of which quarterback will be starting the first five games of the season, it was not. Each quarterback — freshman Braxton Miller, freshman Taylor Graham, redshirt sophomore Kenny Guiton and redshirt senior Joe Bauserman — worked with the first-team offense on Saturday. All four of them received about equal play under center. All four scored a touchdown. Quarterback Terrelle Pryor was sidelined during the scrimmage, as he is still recovering from ankle surgery, giving Buckeye fans a small idea of what the offense will look like during the first five games of next season. Five Buckeyes — Pryor, offensive lineman Mike Adams, running back Dan Herron, wide receiver DeVier Posey and defensive lineman Solomon Thomas — are suspended for the first five games of the 2011 season for selling memorabilia and receiving improper benefits. Coach Jim Tressel will join them for failing to report their violations. Miller finished the day completing seven of 12 passes for a total of 73 yards, and he ran for another 19 yards. Tressel said he thought the true freshman did well given the simplicity of the playbook. “I thought Braxton probably played a little bit more relaxed and had a little bit more fun than he has in part because we really limited what we were doing today,” Tressel said. Graham completed four of nine pass attempts for a total of 91 yards. His day was highlighted by a 68-yard strike to T.Y. Williams for his only touchdown of the day. “I thought Taylor had a big home run throw, which anytime you can throw the ball vertically up the field, you give a guy going up there a chance to come up with a play like that, that’s big,” Tressel said. Guiton finished with five completions for 43 yards, and Bauserman finished with four completions for 42 yards. Center Michael Brewster said the team is learning to adapt to whichever quarterback is taking the snap at the time. “To us, it doesn’t matter who is back there. We got used to taking snaps with all the different quarterbacks,” Brewster said. “The quarterbacks looked really relaxed today.” Brewster said it doesn’t matter to him at this point which quarterback plays. “I just don’t even look anymore. I just get ready and snap it,” Brewster said. “All those guys did a great job today.” Brewster explained the difficulty of the quarterback position. “Quarterback to center is a very hard position to learn here, especially in three weeks,” he said. “If you can take a few things out of that, you’re going to be doing good.” Tressel said taking sacks became an issue for the squad. Bauserman was sacked twice during the game, and Graham was sacked five times. “We got to learn as young quarterbacks that we can’t get sacked in the red zone and those kinds of things, but it will be interesting to strap all their film throughout the spring chronologically and kind of study them a little bit,” Tressel said. “I think Taylor took a couple too many minus-yard plays.” Posey, who finished the day with two catches for 26 yards, said he was pleased with the quarterback play. “I don’t feel like it slowed us down at all,” Posey said. Senior linebacker Andrew Sweat also said he was pleased with the quarterbacks. “I think they all played well. Obviously they all made their mistakes at certain points,” Sweat said. “I thought Braxton played well. I thought Taylor had a good touchdown throw. Joe and Kenny, I thought they all played well. Obviously there are things to improve on; there are things for all of us to improve on.” read more

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Hundreds of university students attempt to block Jewish Society

“It is important to us that this is process is followed properly and we therefore look forward to a free and fair vote concluding next week.”Kerry Moscogiuri, a director at Amnesty and International, said: “The comments made by a member of the University of Essex Amnesty group on the proposed manifesto for the new Jewish Society at Essex University do not reflect the view of the Essex University Amnesty Society and Amnesty International UK.”Whilst they were well intentioned, their view to conflate Israel Independence Day with the human rights abuses committed by the Israeli authorities is wrong.” “Essex University has not had a Jewish Society for a number of years and there is definitely a need for one to be set up – a view that is championed by the Amnesty group there.” Hundreds of students voted against the creation of a Jewish Society, after a member of the university’s Amnesty International group urged students to oppose it on the basis that it is too “political”.More than 200 Essex University students answered ‘no’ to the question “Should there be a Jewish society?”Every new student group at Essex must win a majority in vote of existing society members in order for its creation to be ratified by the Student Union.  Recently ratified societies include the “K-Pop society”, the “Ted-X Society” and the “Pokemon Go Society”.However, a representative of the university’s Amnesty International group urged students to vote against the Jewish Society, saying: “The society has mentioned it will celebrate Israeli national day which has nothing to do with Judaism.“Until the society is politically neutral like every other religious society we will take a stance on this. So we urge you to please vote no until they are politically neutral”.The Union of Jewish Students said it is “shameful” that a group “ostensibly concerned with human rights” has shown “such disregard for human decency and the rights of all peoples to freely explore and full express their distinct identity”.Will Quince, the Conservative MP for Colchester, described the vote as “shocking” and “terrible”. Stella Creasy, the Labour MP for Walthamstow, added that the vote was “awful”.  Meanwhile, the university has launched an “urgent” investigation into one of its academics who opposed the creation of the Jewish Society, reportedly exclaiming on Facebook that “the Zionists next want to create a society here at our university!”Dr Maaruf Ali, a lecturer in computers and electronics at Essex, also shared a photo from a far-right website which claimed that one of the French policemen killed in the January 2015 attack by Islamist terrorists in Paris was actually “a Mossad agent live and well in Buenos Aires… a crypto-Jew in the service of Israeli intelligence”.Amanda Bowman, vice president of the Board of Deputies of British Jews, said the hundreds of that Dr Ali’s social media posts were “abhorrent”, adding that students who voted against the creation of a Jewish Society were guilty of “pure and simple” racism. A University of Essex spokeswoman said: “As a university, we promote debate and deliberation of controversial issues and, within the limits of the law, encourage students and staff to express views with rigour and conviction.”An Essex student union spokesman said: “We believe strongly in the power of democracy and as a Union led by students we give our members the opportunity to decide on everything we do, from who leads the organisation through to whether a society should be ratified.   Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily  Front Page newsletter and new  audio briefings. read more

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Découverte dun calendrier maya allant audelà de lapocalyptique décembre 2012

first_imgDécouverte d’un calendrier maya allant au-delà de “l’apocalyptique” décembre 2012 Les résultats de fouilles menées par une équipe américaine dans les ruines d’une cité maya de la région guatémaltèque du Petén font état de la découverte d’une ‘maison des scribes’, aux murs ornés de peintures et d’éléments de calculs calendaires qui semblent concerner des dates bien ultérieures à 2012, année de la fin du monde, selon certains, dans le calendrier maya.     Découverte il y a près d’un siècle dans la région du Petén, au Guatemala, le tentaculaire complexe de Xultún, où prospérait la civilisation maya entre le Ier siècle avant J.-C. et le IXème siècle après J.-C., a livré de nouveaux secrets aux archéologues de l’Université Colgate, à Hamilton, et de l’Université de Boston, qui y mènent des fouilles financées par le National Geographic.En effet, les chercheurs ont découvert sur ce site une structure qui contient ce qui semble être un espace de travail pour les scribes de la ville. Ses murs sont ornés de peintures – les premières peintures murales découvertes dans une maison maya – pour le moins étranges. Notamment, une rangée d’hommes en uniformes noirs, de minuscules glyphes rouges et noirs, des centaines de chiffres griffonnés : apparemment des calculs liés au calendrier maya… et s’étendant sur une période de plus de 6.000 ans, soit bien au-delà du fatidique décembre 2012, explique le récit des fouilles publié dans la revue Science et dans le magazine National Geographic. “Pourquoi se lanceraient-ils dans ces chiffres, si le monde devait arriver à sa fin cette année ?”, observe Anthony Aveni, de l’Université Colgate. “Pour la première fois, il nous est donné de voir ce qu’étaient vraiment des registres tenus par un scribe, dont la fonction était de conserver les données ‘officielles’ d’une communauté maya”, résume quant à lui William Saturno, de l’Université de Boston.Des Mayas préoccupés par la fin de leur monde À lire aussiMaladie de Charcot : symptômes, causes, traitement, où en est on ?Mais ce n’est pas le point essentiel de la trouvaille. Parfaitement préservées, les inscriptions découvertes, les plus anciennes de ce type jamais dénichées, permettent d’en apprendre plus sur la société maya et sur les questions qui les préoccupaient. “Nous cherchons sans cesse vers des fins. Les Mayas eux, cherchaient des garanties que rien ne changerait. C’est une toute autre mentalité”, ajoute le meneur de l’expédition cité par le National Geographic. Ainsi, plus que la fin du monde, c’est surtout la fin de leur monde qui faisait l’objet de nombreuses interrogations.Or, à l’époque où les murs ont été ornés au IXème siècle, la région de Xultún connaissait une période d’intense sécheresse et plusieurs villes de la civilisation maya étaient en plein effondrement selon les spécialistes. Des difficultés qui justifieraient les préoccupations qu’évoquent les inscriptions découvertes. Néanmoins, comme le soulignent les membres de l’expédition, il est possible que ceux-ci ne comprennent jamais tout le contexte autour de l’espace de travail qu’ils ont mis au jour. Le 13 mai 2012 à 12:58 • Maxime Lambertlast_img read more

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MiamiDade cop sentenced in road rage shooting

first_imgA judge sentenced a Miami-Dade Police officer to 10 years of probation, 500 hours of community service and counseling for firing his gun during a road rage incident in January, 2015.Jonathan Lang was off duty when, officials said, he shot at a Miami-Dade Corrections officer on the Florida Turnpike after cutting her off. The bullet missed the corrections officer but hit her car.Lang previously pleaded guilty to charges of discharging a firearm from a moving vehicle, assault and tampering with evidence.Copyright 2019 Sunbeam Television Corp. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.last_img read more

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BBG high bandwidth to make Nellore IT hub

first_imgNellore: If the plans of the State government becomes reality then Nellore is going to become an IT hub.As part of the strategy, Industries and IT Minister Mekapati Goutham Reddy interacted with the Union Minister of Communications and Information Technology Ravi Shankar Prasad for extending the Bay of Bengal Gateway (BBG), submarine communications cable, up to Nellore for the benefit of Nellore coastal areas for attracting IT companies. Also Read – Women docs appointed in key posts in Tirupati Advertise With Us In fact, IT and IT Enabled Services require high bandwidth for data transmission in huge volume and traditional internet facility is insufficient for the daily operations of such companies. The difficulty can be overcome if the BBG which is a submarine communications cable built to provide a direct trunk connection between Sultanate of Oman and Penang in Malaysia extending from Chennai for connectivity. Also Read – Event management students of SPMVV exhibit talent Advertise With Us Now, the Gateway is having four landing points at Fujairah (UAE), Mumbai, Colombo and Chennai. The easiest way is extending the cable from Chennai to coastal areas of Andhra Pradesh for promoting the IT industry. IT Minister Goutham Reddy said they are trying for the connectivity that attracts the IT industry because of huge coastal line in the State. Advertise With Us There is huge chunk of lands in the district that were already allocated to some industrial organisations earlier and still the units are non-starter. So, planning to tap the resource, the Minister said these huge vacant lands in the coastal belt will be utilised for promoting the IT industry connecting to the BBG for hassle-free bandwidth for daily operations.The BBG consortium is having 8,100 km submarine cable system which can handle bandwidth demand across its landing points in 6 coastal countries. The Gateway is owned and maintained by telecom operators such as Dialog Axiata of Sri Lanka, Etisalat of UAE, Omantel of Oman, Reliance Jio of India, Telekom Malaysia Berhad of Malaysia, and Vodafone of UK, who are part of the BBG consortium. The initially available capacity is 9 Terabytes per second which can be extended up to 55 Tbps. As of now, Mumbai has 11 international submarine cables coming in, whereas Chennai has four, Cochin has two and Trivandrum and Tuticorin have one each for the needs of clients. Reliance Jio Infocomm Ltd had earlier invested in the 8,100-km the BBG project as part of its broadband plans for providing direct connectivity to South East Asia and the Middle East, then onward to Europe, Africa and Far East Asia by partnering with existing cable systems, in April 2016. The company is having an undersea cable landing facility in Chennai that connects India to the rest of the world. As part of the efforts to identify lands, the Minister asked the officials of Andhra Pradesh Industrial Infrastructure Corporation (APIIC) and the district administration for collecting details of lands allocated earlier to the organisations, who failed to float their units. State government is also optimistic over making the region IT hub because of proximity to Chennai city which is having huge bandwidth facility.last_img read more

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