July 13, 2021
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first_imgBamburi Cement Limited (BAMB.ke) listed on the Nairobi Securities Exchange under the Building & Associated sector has released it’s 2012 interim results for the half year.For more information about Bamburi Cement Limited (BAMB.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the Bamburi Cement Limited (BAMB.ke) company page on AfricanFinancials.Document: Bamburi Cement Limited (BAMB.ke)  2012 interim results for the half year.Company ProfileBamburi Cement Limited manufactures and sells cement and cement products for the building sector in Kenya and Uganda. The company exports its products to Reunion, Uganda and Mayotle. Brands in its retail range include Powermax, Powercrete, Nguvu, Supaset, Multipurpose, Powerplus and Roadcem. Pre-cast concrete paving blocks sell under the BamburiBlox name. The company also supplies precast molded cement products used for drainage, edge constraints, fencing and walling and ready-mix cement. Bamburi Cement Limited offers its service to rehabilitate quarries and owns and maintains a nature and environmental park developed from a rehabilitated quarry. The company was founded in 1951 and has its head office in Nairobi, Kenya. Bamburi Cement Limited is a subsidiary of Lafarge Holcim Limited (SA). Bamburi Cement Limited is listed on the Nairobi Securities Exchangelast_img read more

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first_imgBralirwa Limited (BLR.rw) listed on the Rwanda Stock Exchange under the Beverages sector has released it’s 2016 abridged results.For more information about Bralirwa Limited (BLR.rw) reports, abridged reports, interim earnings results and earnings presentations, visit the Bralirwa Limited (BLR.rw) company page on AfricanFinancials.Document: Bralirwa Limited (BLR.rw)  2016 abridged results.Company ProfileBrasseries et Limonaderies du Rwanda (Bralirwa) produces and distributes beer products and other alcoholic and non-alcoholic beverages for Rwanda and international export. The company operates in two segments: beer and soft drinks. Beer brands include Primus, Mutzig, Turbo King, Amstel, Legend Extra Stout and Heineken brands. Soft drinks include a selection of popular Coca-Cola brands. Bralirwa was established in 1957 and is a subsidiary of Heineken NV. Its head office is in Kigali, Rwanda. Bralirwa Limited is listed on the Rwanda Stock Exchangelast_img read more

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first_img While 2016 is the Year of the Monkey on the Chinese calendar, in the world of food and nutrition, it’s the Year of the Egg.The recently released 2015-2020 Dietary Guidelines for Americans provides key recommendations for healthy eating patterns for the consumption of a variety of protein foods in nutrient-dense forms, like eggs. For eggs to be considered a nutrient-dense protein, eating the yolk is a must because the yolk is where key nutrients such as B vitamins, vitamin D, vitamin E and omega-3 fatty acids are found.What’s more, the new Dietary Guidelines no longer limit the consumption of dietary cholesterol which was a nutrient of concern in the past. Instead, the Guidelines recommend limiting the intake of saturated fats and trans fats.“For years, many Americans were led to think that whole eggs should be limited or even cut out of their diets to avoid high cholesterol,” says Registered Dietitian Lyssie Lakatos. “These new recommendations show that they truly are a great source of protein and are filled with important nutrients we need. I’ve always recommended Eggland’s Best since they are packed with three times more vitamin B12, five times more vitamin D, 10 times more vitamin E and double the omega-3 fatty acids, when compared to ordinary eggs, thanks to their proprietary hen feed.”Below, Lakatos gives tips on how to incorporate eggs into a healthy meal plan any time of day.* Breakfast: There isn’t a more classic breakfast food than the egg. Whether you like them scrambled, poached or over-easy, they can be great all by themselves or paired with a bowl of fruit or whole grain toast. When pairing them with other breakfast items, be mindful of foods high in saturated fat. Lakatos chooses Eggland’s Best which contain 25 percent less saturated fat than ordinary eggs.* Snacks: Although eggs are a great breakfast food, we often forget they can also be the perfect snack. Lakatos keeps EB Hard Cooked Peeled Eggs in her refrigerator for a post-workout snack because they are rich in vitamins necessary for optimal muscle recovery such as B vitamins, vitamin D and vitamin E.* Lunch and dinner: Whether it’s meatless Monday or you’re just looking to incorporate more eggs into your diet, there are plenty of ways to include them in your lunch and dinner. Lakatos loves mixing Eggland’s Best eggs into a great stir fry for dinner and using leftovers for lunch the next day.For more information and recipes using Eggland’s Best, such as a No-Fuss Stir Fry, visit www.egglandsbest.com. Share on Facebook Tweet on Twitter Florida gas prices jump 12 cents; most expensive since 2014 You have entered an incorrect email address! Please enter your email address here TAGSEggs Previous articleBreaking News: School Bus Fire at Wekiva Terrace SubdivisionNext articleRelax and engage: 4 ways to learn on vacation Denise Connell RELATED ARTICLESMORE FROM AUTHOR Gov. DeSantis says new moment-of-silence law in public schools protects religious freedom Save my name, email, and website in this browser for the next time I comment. Please enter your name here Please enter your comment! UF/IFAS in Apopka will temporarily house District staff; saves almost $400,000 LEAVE A REPLY Cancel replylast_img read more

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first_imgPhoto: victoriapeckham on Flickr.com Advertisement The Community Development Foundation, Nesta, crowdfunding platform Buzzbnk and CrowdfundUK are partnering to launch the Community First CrowdMatch Challenge, a fundraising initiative for social ventures and projects in the country’s most deprived communities.As part of the government-funded Community First initiative, the Challenge is designed to give projects the chance to access materials, advice and support on crowdfunding and they will launch a crowdfunding campaign to raise the funds needed for their project.If the projects reach their first crowdfunding ‘milestone’, they will receive match funding from their local Community First panel, doubling the money they have raised.Head of Programmes at Community Development Foundation, Jason Nuttall, said:“Crowdfunding is a great way for community projects to increase their profile, and gather support from local people. We are excited to be working with Nesta and Buzzbnk on the Crowdmatch Challenge to introduce crowdfunding as a new tool to Community First projects. ”The Community First CrowdMatch Challenge is now open to all Community First panels and projects from Community First wards. Tagged with: crowdfunding Community Development Foundation offers matched funds in crowdfunding challenge  35 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThiscenter_img Howard Lake | 8 January 2014 | News About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThislast_img read more

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first_imgIbarra, EcuadorOctober 23 — Ecuador’s regime mobilized all 47,000 national police to repress massive worker-student demonstrations in Quito, the capital, and 17 provinces of the country on Oct. 22.Trans demonstrators lead Oct. 22 protest in Quito. Is a new uprising ahead?Only four days earlier, the government of right-wing President Lenín Moreno was forced to concede to Andrés Arauz the right to represent the Citizens’ Revolution (RC) as its candidate for president in the upcoming election in February 2021. Arauz and running mate Carlos Rabascall will campaign under the sign of UNES, “Union for Hope.”Memories of last October’s mass uprising, sparked by a massive revolt against a price hike for gasoline, haunt the Moreno regime. The revolt brought Indigenous organizations, such as the CONAIE, into the streets along with people from every sector including the Citizens’ Revolution, the party of former President Rafael Correa.By dividing Correa’s movement from that of the Indigenous peoples, Moreno was able to stop the massive rebellion with minimal concessions. This year, the mobilization of the entire police force shows how much the Moreno regime fears a popular uprising. What he fears most is an uprising that unites his two main enemies: the progressive RC and the Indigenous peoples.Since Moreno abandoned his electoral promises three years ago, he and the powerful interests he serves have desperately tried to annihilate the RC. So far they have failed. Instead, his policies of privatization and the government’s inept and criminal handling of the COVID-19 crisis have alienated greater and greater sections of the population.In contrast, Andrés Arauz has been welcomed by the people wherever he goes. The latest polls indicate that Arauz will defeat right-wing banker Guillermo Lasso on the first ballot, just as Luis Arce won in Bolivia. In both Ecuador and Bolivia, however, the real struggles for power are in the streets. The popular struggle in Ecuador against the wealthy and their U.S. imperialist backers takes place in the midst of similar struggles in South America. Evo Morales’ Movement for Socialism just won a landslide presidential election in Bolivia. Mass protests continue in Chile and Colombia despite repression. The struggles in this hemisphere against Washington’s domination are all connected.October 2019The rebellion of October 2019, known as the “Great Uprising,” brought hundreds of thousands of people into action. In a graphically illustrated book, Indigenous leader Leonidas Iza calls the uprising a school for revolution. The book, “Outburst: Rebellion of October in Ecuador,” has lessons for the new generation of revolutionaries.But last October’s intense class struggle was set back when CONAIE leaders made a controversial agreement to take amnesty for demonstrators and other key demands off the table during negotiations to end the insurrection. The government conceded a little, withdrawing Decree 883, which had ended fuel subsidies and hiked the price of auto and truck fuel. Having stopped the uprising, the regime continued its relentless dismantling of the Citizen’s Revolution. During the time the Citizen’s Revolution ruled Ecuador — the “Decade Won” between 2007 and 2017 — almost 2 million of Ecuador’s 17 million people escaped poverty as the Correa government sought to reduce inequality.Following U.S. orders, Moreno’s regime expelled 382 Cuban doctors last November in a health care coup d’état. Moreno has used the Coronavirus pandemic as a shield to hijack the country and to prevent the people from stopping his onslaught of privatization and termination of vital social services. His courts have summoned 670 Indigenous people to appear, and leaders still face charges of instigating sabotage, kidnapping and terrorism. During the past year of ruthless neoliberal adjustment, the government has brutally attacked the people with IMF austerity packages, tax cuts for the rich and laws that “flexibilize” exploited labor. These measures have caused a million layoffs, beginning in the public sector, and health care cuts that have led to 35,870 deaths related to the pandemic. Fraud involving hospitals and personal protection equipment was too big of a scandal for the corporate media to hide. Neoliberal restructuring — privatization, removal of work rules — has left 23% of Ecuadorian workers subemployed — with almost half employed in the informal economy. Life for these workers is precarious. Support for gov’t plummetsDespite its enormous stolen wealth and control of the mass media and the manipulated “justice” system, the right wing is losing the battle to recolonize the minds of the people. An example is the mass hostility toward Minister of Government María Paula Romo, the civilian commander of the National Police, who have killed 11 people. According to the Inter-American Commission on Human Rights (IACHR), 19 demonstrators lost an eye due to the impact of  tear gas canisters and other “nonlethal” projectiles. Called the “minister of death,” Romo released a book in August in which she claimed last October’s mass demonstrations put Ecuadorian democracy under attack. Romo was forced to apologize for her brutal repression of a Sept. 15 peaceful protest by hundreds of postgraduate doctors who were not paid for their frontline work during the pandemic. The ironic title of Romo’s hateful anti-Correa propaganda piece, “October: Democracy Under Attack,” promotes the Big Lie. The reality is Ecuadorians live in a dictatorship — a police state that protects the interests of the International Monetary Fund and the capitalist Ecuadorian oligarchy. In September, doctors and teachers protested because they hadn’t been paid for months on end. The Minister of the Environment resigned when 398 of his workers were fired. And $1.7 million was allocated to the National Police to purchase armored vehicles for riot control, because the government expects a much bigger insurrection if the people’s vote is fraudulently stolen.Many ignored an early warning from Vice President Jorge Glas, for which he was sequestered like former Brazilian President Lula da Silva via legal coup and incarcerated three years ago. Glas was Ecuador’s first target of “lawfare,” which can be defined as the combined media and judicial extermination of political enemies. RC spokesperson Paola PabónThe RC’s elected Prefect of Pichincha Province Paola Pabón was arrested Oct. 14, 2019, and imprisoned with others charged with participating in a conspiracy between leaders of RC and Venezuela’s President Nicolás Maduro to violently overthrow the government. Pabón said that when Moreno denounced the alleged “plan” in a live broadcast on Oct. 7, flanked by his uniformed generals, “I knew they were coming for us.” (youtube, Oct. 14) The absurd charges were later reduced to “rebellion,” because only the cops were armed. Pabón thanked the Inter-American Commission for Human Rights for her release in December after 72 days in prison, because IACHR had granted measures of protection in favor of the alleged coconspirators. The RC leader talked with Contexto y Acción about lawfare and political annihilation. She said, “They are breaking us economically. Do you know what so many lawyers’ defenses cost? Our accounts and salaries are frozen,” she said. “To break us personally is a way of breaking the legacy.” (ctxt.es, Sept. 7)Pabón said, “This undoubtedly has a format that goes beyond the limits of our countries. There are transnational interests here that were uncomfortable with our progressive regimes in the face of global geopolitics, and U.S. embassies have played a role in these processes that we have called the ‘New Condor Plan.’[Operation Condor was the 1970s CIA plan for violent repression of left sectors in the Southern Hemisphere. Military dictatorships were coordinated by hi-tech telecommunications and the School of the Americas in Panama.] “So, it is no longer the case of Paola Pabón, it is no longer the case of Lula, it is no longer the case of Rafael Correa. The problem is in reality that we are no longer dealing with democratic states.” A xenophobic “false flag” arrest of 17 Venezuelan taxi drivers, who were supposedly engaged in a plot to assassinate Moreno, would coincide with the allegations against President Nicolás Maduro. In August 2019, in an interview with elestado.net, Pabón said, “I think that there are two experiences that are the key to understanding [the struggle in Venezuela]: the popular organization to defend their political process and also [. . .] institutional strength to defend the sovereignty, not submitting to the political and financial hegemonies. The cost is high. But at the same time we must reconsider, when the aggression and the blocking cease, how can we guarantee an economic process that avoids the dependence on the external sector and on oil. What Nicolás Maduro has had to experience has been cruel, but he could not have resisted as he does without a strong and well articulated popular political organisation . . .” The leaders of RC and the left will need to reevaluate their fraught relations in this critical moment. Correismo is not in and of itself “the left.” The fragmented left is much more complex. Many believe that CONAIE and the Correistas must unite to end neoliberalism. And it may not be possible for the Ecuadorian people to defeat neoliberalism on their own.Indigenous spokesperson Leonidas Iza In Ecuador, all issues are Indigenous issues. Leonidas Iza, president of the Cotopaxi Indigenous and Farmers Movement (MICC), said in a May 24 Youtube interview: “One of the historic questions in Ecuador is that so far we have not been able to change the type of politics we have. It always remains under individual leadership . . . the caudillismo [strongman paradigm] does not allow for the possibility of making collective decisions with the Ecuadorian people. “Imagine political programs that we the people have really dreamed of on the road to transformation. [Our programs] have fallen by the wayside, because they are always surrounded by the large economic groups or by political interest groups that finally end up turning the wheel and driving for their interests.”Many in Ecuador would agree that without the unity of all progressives it will be hard to stop the establishment of a much more fascist, racist, sexist, xenophobic and regionalist neoliberal authoritarian regime. In other words we need an accord which includes the Indigenous peoples and the people: Afro-descendants, students, workers, ecologists, feminists, LGBTQ+, socialists and communists. For a source in Spanish giving background on October 2019, see “Outburst: Rebellion of October in Ecuador”FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

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first_imgNews to go further Follow the news on Somalia RSF and NUSOJ call for release of a journalist held in Somalia’s Puntland region March 2, 2021 Find out more News Reporters Without Borders voiced outrage at the murder today of the director of HornAfrik radio, Said Tahlil, just 16 months after the radio’s former director, Ali Imam Sharmake, was killed by a booby trap car bomb.With 11 journalists killed there since 2007, Somalia is Africa’s deadliest countries for the profession. Tahlil was shot dead in the capital’s market district of Bakara as he and other radio directors were on their way to a meeting called by representatives of the al-Shabab militia. A presenter on HornAfrik announced that the radio was immediately halting broadcasts as a mark of respect to its murdered director. The identity of the gunmen is not yet known, but the Islamist al-Shabab militia was strongly suspected of responsibility. It has carried out most murders of journalists, academics and militant feminists in the country for more than two years.HornAfrik, one of the country’s leading privately-owned radio stations, had recently covered talks in Djibouti between Somalia’s different political factions that lead to the election of a “moderate” Islamist, Sheikh Sharif Ahmed, as president. One of the owners of the radio is information minister, Ahmed Abdisalam, a former member of the transitional federal government. “Our thoughts are with the family of this courageous and respected journalist and with his colleagues on HornAfrik, yet again hit by the despicable murder of its director”, the worldwide press freedom organisation said.“It is essential that the authorities, and in particular the recently elected president, Sheikh Sharif Ahmed, make a public commitment to do everything possible to fight the armed militia who terrorise the people and who have for several years attacked figures in civil society.”“It should also be clear to Somalis who might have sympathy for supporters of targeted assassinations of the elite that remain in the country, that their objective is to force them to live with obscurantism and violence. There must be an immediate end to this carnage”, it added. Tahlil was the second journalist to be murdered in Somalia this year. Hassan Mayow Hassan, of Radio Shabelle, was killed on 1st January 2009, giving rise to fears of a particularly bloody new year for the profession.“Somali journalists community have lost today a leading journalist who was killed by enemies of press freedom with the intention of instilling fear in the hearts of journalists”, said Omar Faruk Osman, secretary general of the National Union of Somali Journalists (NUSOJ), partner organisation in Somalia of Reporters Without Borders. Help by sharing this information SomaliaAfrica Organisation Receive email alerts Reporters Without Borders voiced outrage at the murder today of the director of HornAfrik radio, Said Tahlil, just 16 months after the radio’s former director, Ali Imam Sharmake, was also killed. “It is essential that the recently elected president, Sheikh Sharif Ahmed, makes a public commitment to do everything possible to fight the armed militia who terrorise the people and who have for several years attacked figures in civil society,” Reporters Without Borders said. SomaliaAfrica Radio reporter gunned on city street in central Somalia February 4, 2009 – Updated on January 20, 2016 Director of HornAfrik radio murdered in Mogadishu RSF requests urgent adoption of moratorium on arrests of journalists RSF_en January 8, 2021 Find out more News News February 24, 2021 Find out morelast_img read more

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first_img Related Articles  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Fannie Mae’s Gross Mortgage Portfolio Dips Below $400 Billion Next: DS News Webcast: Wednesday 7/1/2015 Tagged with: CFPB CFPB Director Richard Cordray Consumer Financial Protection Bureau Senate Banking Committee Senator Richard Shelby Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago About Author: Brian Honea June 30, 2015 1,721 Views Demand Propels Home Prices Upward 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Home / Daily Dose / CFPB Director Cordray to Testify In Full Senate Banking Committee Hearing July 15 Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img CFPB CFPB Director Richard Cordray Consumer Financial Protection Bureau Senate Banking Committee Senator Richard Shelby 2015-06-30 Brian Honea Share Save The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago CFPB Director Cordray to Testify In Full Senate Banking Committee Hearing July 15 Consumer Financial Protection Bureau (CFPB) Director Richard Cordray is scheduled to testify before the U.S. Senate Committee on Banking, Housing, and Urban Affairs on Wednesday, July 15, according to an announcement on the Senate Banking Committee’s website.The full committee hearing, titled “The Consumer Financial Protection Bureau’s Semi-Annual Report to Congress,” begins at 10 a.m. Eastern time on July 15.Senator Richard Shelby (R-Alabama), chairman of the Senate Banking Committee, has been one of the CFPB’s most outspoken critics over the last four years since the Bureau’s formation. Like many Republicans, his criticisms of the Bureau revolve around the fact that the CFPB is not accountable to Congress and is run by a single director rather than a board despite the fact that it is funded by the Federal Reserve.In the last couple of weeks, the CFPB has been under fire for alleged discrimination against its employees and subsequent retaliation against the whistleblowers. Two of the whistleblowers testified last week in a subcommittee hearing in the House Financial Services Committee of the illegal discrimination and retaliation by the CFPB against employees.CFPB has also been under pressure from lawmakers and stakeholders in the mortgage industry to delay the effective date of the Know Before You Owe Mortgage Rule, also known as the TILA-RESPA Integrated Disclosure (TRID) Rule. Last week, the Bureau announced a proposed amendment that would delay implementation of TRID until Saturday, October 3, due to an “administrative error.” The CFPB is taking public comments on the proposal until July 7.The July 15 hearing can be viewed live by clicking here. Testimony and archived video can be accessed by clicking here. in Daily Dose, Featured, Government, News Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Subscribelast_img read more

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first_imgHome / Daily Dose / Janet Yellen Is Biden’s Treasury Secretary Pick Data Provider Black Knight to Acquire Top of Mind 1 day ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Servicers Navigate the Post-Pandemic World 2 days ago About Author: Christina Hughes Babb 2020-11-23 Christina Hughes Babb Sign up for DS News Daily President-Elect Joe Biden has chosen former Federal Reserve Chair Janet Yellen as his Treasury Secretary, several news outlets report, and the Associated Press has confirmed, through an unnamed source. Yellen would be the first woman to head the U.S. Treasury—and that’s about seven years after she became the first woman to lead the Fed.The Associated Press reported that Yellen’s nomination is “confirmed by a person who spoke on condition of anonymity to discuss Biden’s plans.”Politico reports that “according to people familiar with the decision, [this] historic move [is] intended to satisfy competing factions within the Democratic Party.”According to CNN, Yellen, should she be accepted by the Senate, would lead Biden’s economic response to COVID-19.The Wall Street Journal, first to report the pending nomination, calls Yellen “an economist at the forefront of policymaking for three decades.”The Associated Press reported earlier that Biden pledged to build a diverse team.”Yellen enjoys a close working relationship with Jerome Powell, who succeeded her as Fed chair, something that would likely improve coordination between the Fed and the Treasury and perhaps result in additional support for the economy,” wrote AP’s Christopher Rugaber and Michael Balsamoap and AP Economics Writer Martin Crutsinger. Share Save Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others.  Print This Post Demand Propels Home Prices Upward 1 day ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Janet Yellen Is Biden’s Treasury Secretary Pick Demand Propels Home Prices Upward 1 day ago November 23, 2020 1,246 Views Data Provider Black Knight to Acquire Top of Mind 1 day ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Fannie Mae Recognized as a Top Company for Inclusion Next: The Benefits of Homeownership Often Elude Black Americans Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Government, News Subscribelast_img read more

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first_img Twitter Calls for maternity restrictions to be lifted at LUH Pinterest Facebook Twitter Previous articleMac Lochlainn praises campaigners as Moville Greencastle Scheme gets the go-aheadNext articleTaxi driver assaulted over a £3 fare News Highland Pinterest WhatsApp By News Highland – August 20, 2011 Organisers of National Heritage Week are expecting a record 370-thousand people to take part in more than 1,400 events around the country.The nine-day programme – which kicks off today – aims at raising awareness about the value of our national heritage and its importance.Most of the events are free and attractions include learning how the 1916 Proclamation was printed, exploring lightkeepers’ houses along the coast and a medieval weapons display in Co Donegal.You can get a full list of events for Donegal HERE Google+ Details of Donegal events for National Heritage Weekcenter_img Almost 10,000 appointments cancelled in Saolta Hospital Group this week Guidelines for reopening of hospitality sector published Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Newsx Adverts Need for issues with Mica redress scheme to be addressed raised in Seanad also Google+ LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Facebook WhatsApp RELATED ARTICLESMORE FROM AUTHORlast_img read more

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first_imgNews UpdatesNo Bar In CPC/ Arbitration Act For Accepting Immovable Property As Security For Stay Of Decree: Calcutta High Court Akshita Saxena20 March 2021 10:29 PMShare This – xThe Calcutta High Court has held that there is no bar in the Code of Civil Procedure or under the Arbitration Act, 1996, in accepting immovable property as security for stay of decree. While emphasizing that the intention behind seeking security is simply to furnish an effective cushion for the decree-holder in case the challenge to the decree fails, a Single Bench of…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Calcutta High Court has held that there is no bar in the Code of Civil Procedure or under the Arbitration Act, 1996, in accepting immovable property as security for stay of decree. While emphasizing that the intention behind seeking security is simply to furnish an effective cushion for the decree-holder in case the challenge to the decree fails, a Single Bench of Justice Moushumi Bhattacharya held that cash security is not sine qua non under the statutes. The Bench noted that Section 36(3) of the Arbitration Act, which contemplates procedure for stay of an Award, does not mention the word “security” and only indicates that the Court may impose suitable terms for stay of the award. The provision states that on filing of an application for stay of award, the Court may, “subject to such conditions as it may deem fit,” grant stay of operation of such award for reasons to be recorded in writing. The Bench observed that the language of Section 36(3) imparts discretion to the Court for deciding the conditions which may be imposed and the only stated requirement is that the Court must indicate its reasons in writing for granting an order of stay of the award in question. “The intent of the provision relating to stay of a money decree is that the applicant who seeks stay of a decree must furnish some sort of effective cushion for the decree-holder to fall back on in the event the challenge to the decree fails,” it added. The Court also observed that various provisions of the CPC relating to stay of a money decree nowhere prescribes that such stay would only be in monetary terms. It noted: Order XLI Rule1(3) of the Code provides that in cases of appeal against a decree for payment of money, the Appellate Court may allow the appellant to deposit the amount disputed in the appeal or furnish such security in respect thereof as the Court may think fit Order XXI Rule 26(3) mandates that before making an order of stay of execution or for restitution of property or the discharge of the judgment-debtor, the Court shall require such security from, or impose such conditions upon, the judgment-debtor as it thinks fit. Order XXI Rule 29 continues in the same vein to provide that the Court may on such terms, as it thinks fit, stay execution of a decree until the pending suit has been decided. In this backdrop the Court held, “On a conjoint reading of the above provisions it is clear that the intention of the framers of the law, which is relevant for consideration in the present case, was to refrain from a strict requirement that security to be furnished for stay of a decree would only be in monetary terms.” Reliance was also placed on Sihor Nagar Palika Bureau v. Bhabhlubhai Virabhai & Co., (2005) 4 SCC 1, where it was held that security in the form of immovable property could be accepted to the satisfaction of the Trial Court. In the instant case, the Petitioner had moved an application under Section 36 of the Arbitration Act for stay of an arbitral award. It was submitted that the Petitioner does not presently have sufficient liquidity or financial means to offer as cash security or by way of bank guarantee and therefore, title deed of a specified land be deposited with the Registrar. As against an award worth Rs.67,04,681/-, the Petitioner had offered a land whose market value was Rs.65,00,000/-. It was also stated on affidavit that the said plot of land is free from all encumbrances, is butted and bounded on all sides and that there is no manner of encroachment whatsoever. Further, the land has not been let out and is in the exclusive possession of the Petitioner. Taking a sympathetic view, the Bench said, “This Court must respond to such submission by taking into account the afflicted state of the economy which has affected millions in the country in the aftermath of the pandemic. This Court would have taken a different view had the petitioner requested for a total go-by of the security requirement and asked for stay of the award without offering security in any form.” Case Title: Nitu Shaw v. Bharat Hitech (Cements) Pvt. Ltd. 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