By Paul JarvisPaul Jarvis is a web designer and author. His latest book, The Good Creative, explores the habits of the world’s most respected and interesting artists.Wouldn’t it be great if being a brilliant artist was all it took to earn a living?We could spend our days with words, canvases and music, creating our art until we dropped of beautiful exhaustion. Rent, food, college funds, insurance could be worries for someone else.Sadly, when art mixes with money, we’ve got to take on (or hire) several responsibilities beyond just creating our art. We’ve got to be lawyers, accountants, sales people, researchers, and marketers too, if there’s any hope that our art will sustain us.Taste (as Ira Glass famously said) cannot be taught, so most of our artistic abilities come from constant work and our innate talent for creating. The rest of what we need to take care of to make our art work for us needs to be learned, and most of the time, learned very quickly.To pursue your art as a creative professional, here are a few things you either need to learn quickly or be able to afford hiring out:1. Understand sellingNot in the sleazy car-sales or travelling vacuum peddler sense, but in a way that actually provides value to the people you want your art to connect with. It’s not enough to price your art at “what it’s worth”. The price has to be “what the market is willing to pay for it”.2. Understand moneyYou’ve got to price your work accordingly, revise as necessary and make sure what’s coming in isn’t less than what’s going out. Keep track of expenses and for the love of Van Gogh, live within your means (or under). Hire an accountant and keep meticulous records of everything you sell and buy, beyond keeping receipts in shoeboxes (or Evernote).3. Understand your audienceYou aren’t going to please everyone and not everyone is going to want your art. The good thing is that it’s much easier to please the right people than all of the people.Share your work with them as often as possible. Connect with them, seek them out and offer help/insight when applicable. It’s interesting how much value there is in taking time to listen to what your audience is saying.4. Understand how to not get fed over*Contracts are funny things. Most of us creative professionals can’t afford to actually take someone to court, but we also need to be aware that not everyone is an altruistic, loving, and most importantly, paying, customer.Contracts are more important to define a mutual understanding than anything legal. What is a client getting, exactly, when, and for how much. Making these things absolutely clear (in writing) goes a very long way towards not getting screwed.So, there you have it. The 4 bare minimums required if you want to work for yourself in a creative field. If you aren’t good at or haven’t figured out all four of those things, learn. Take courses, read books, ask others questions. Get good at them quickly or earn enough to hire them out. If you aren’t comfortable connecting with your audience or selling to them, find an approach or style that does feel comfortable for you.I easily spent the first few years working for myself getting screwed over. By clients and by the government (ok, that never stops happening, but at least now it’s done in expected and planned for ways). And I didn’t have a clue about connecting with the right people, in the right way.Even after many years of working for myself, I still don’t have all the answers and there’s lots I still don’t understand. But I’m slightly closer, I think. And now that I have those 4 bare things under control, I worry about and focus on them less.If you have a boss (that isn’t you), then someone else will take care of the four above points. Working for yourself as creative means you have to work harder than you would for any employer. It’s more hustling, longer hours, and probably less pay (at least at first).The good thing is that once you have those four bare minimum things under control, you can focus more on your art and defining what success means for you. Being a gifted artist isn’t enough. If you want your art to support your life (financially), make these 4 bare minimums a priority.
What is addressed in the Presidential Decree?The Presidential Decree gives instructions to specific government agencies regarding a two-year suspension of new permits on areas of primary natural forest and peatland shown in an attached “Indicative Map of New License Suspension” (Indicative Map).The Presidential Decree addresses key elements in the following ways:Objectives: Does the preamble clarify the objectives of a temporary suspension of new permits to achieve long term improvements in land use planning and permitting processesThe decree itself states that the objective is to balance economic, social, and cultural development and efforts to reduce greenhouse gas emissions from deforestation and forest degradation. The explicit inclusion of governance is notable and should be applauded, as this starts to get to the root causes of Indonesia’s high rates of forest loss. It will be especially important in the coming months to reach agreement on what specific improvements in governance are needed most and how these improvements can be achieved.Definitions: Are terms clear and consistent with achieving the stated objectivesThe decree does not include definitions of terms. The decree refers to primary natural forest and peatland, but not secondary forest. Large areas of secondary forest, with high carbon content and important biodiversity, will therefore likely not be covered by the decree.The terms primary natural forest and peatland have not been defined in Indonesian law. In this context they have been interpreted as descriptions of vegetative cover and soil characteristics, as distinct from legal designations. The decree also refers to legal designations such as conservation forest, protected forest, and production forest, which have been previously defined in Indonesia’s 1999 Forestry Law. Media reports suggest there is ongoing confusion regarding whether or not primary natural forest refers to a legal designation.Data: Are the data and maps that will be used or created to determine the areas impacted by the moratorium accurate and adequateThere is insufficient information on the data and methods used to develop the Indicative Map, and indeed, on who produced it. This map shows peatland and primary forests, yet there are no definitions of these terms. It is also not clear which areas are under which forms of protection, and whether any information on existing or already exempted permits was used to generate the map. Crucially, no information is provided on the extent, location, and status of existing and exempted permits.A more detailed analysis can be conducted only once the digital maps, source data layers, associated methods, and accurate information on the extent, location, and status of existing and already exempted permits, are made publicly available.Permits: Which permits are included and excluded from the moratorium?The moratorium applies to “new permits” (e.g. for the clearing of land to start oil palm, timber or other large estate crops) in the areas specified by the Indicative Map, with a considerable number of notable exemptions, including those for:forest area release and use permits that have been approved in principle by the Ministry of Forestry;geothermal, oil and gas, electricity, rice and sugar cane development;extension of existing and valid forest use permits (e.g. logging permits); andecosystem restoration concessions.No exemptions are provided for the multiple types of use or management rights that can be issued to communities, even though community based forest management and monitoring has been recognized as an effective strategy for achieving sustainable forest management and balancing economic, social, and environmental development goals.The types of permits which will not be exempted include loan use and business permit use for timber in natural forests issued by Ministry of Forestry, lease rights and use rights issued by the National Land Agency, and recommendations for and location permits issued by Governors and Regents/Mayors. There is no mention of exemptions or inclusion of forest use for mineral or coal mining.The process for determining the validity of existing forest use permits is unclear. It is also not clear what the implications are for companies that have existing location permits (which are exempted) but not business use permits (called HGU permits). These existing permits may cover millions of hectares (an estimate from Daemeter Consulting is at least three million hectares).Agencies: Which government agency is responsible for producing the relevant maps associated with the moratoriumInstructions to suspend issuing permits apply to all areas in the Indicative Map. This applies to the Ministry of Forestry, National Land Agency, as well as to all Governors, Regents and Mayors. The Minister of Interior is instructed to coach and supervise Governors and Regents in implementation.For new permits that are exempted and may still be issued inside the Indicative Map areas, the Minister of Environment is instructed to reduce emissions of the business activities by issuing environmental licenses. It is assumed to mean that these licenses will restrict allowable GHG emissions.The Ministry of Forestry is given primary responsibility for reviewing and updating the Indicative Map and reporting to the president at least once every six months, in cooperation with the Head of the National Spatial Planning Coordinating Agency, Head of the Coordinating Body for National Survey and Mapping, Governors, Regents, Mayors, and the Head of the REDD+ Task Force. The Head of the REDD+ Task Force is instructed to monitor implementation and submit a report to the president.This updating process does not only have consequences on the physical delineation of primary forest and peatlands, it also moves the licensing authority on non-forested lands (other usage areas) to the Ministry of Forestry as stated in Section Four of the decree.This decree does however involve many of the important ministries and agencies and specifies their role and the need to work together. This is an important step forward in managing lands and forests more efficiently and sustainably. This is also consistent with indicators of ‘good governance’.Process: What processes will be put in place regarding reviewing permits, cooperation and coordination of government agencies, increasing transparency and participation, making maps and spatial data publicly available, and settling disputesThe decree includes some instructions to agencies regarding improving governance. For example:The Minister of Forestry is instructed to: (1) improve policies on issuing permits on the use of timber in natural forest areas and (2) improve management of lahan kritis (“critical” or degraded forest) through ecosystem restoration concessions.The Minister of the Environment is instructed to improve governance of business activities within the areas shown on the Indicative Map through environmental permits.Multiple agencies are instructed to coordinate the map revision process and provide information to monitor and report to the President on a regular basis.The Head of the National Spatial Planning Coordinating Agency is instructed to accelerate the consolidation of the Indicative Map into the spatial planning map revision as part of land use governance reform, in cooperation with other agencies. This could ensure that primary forest and peatland that is not already under some form of legal protection is appropriately zoned through the spatial planning process, with the status change lasting beyond the two-year moratorium period.The decree does not make any specific provisions for reviewing or revoking permits, increasing transparency and participation, or making maps and spatial data publicly available.The omission of an exemption for community forestry permits—when many exemptions were made including for industrial activities— is a major weakness in the decree.Addressing Unanswered QuestionsAn effective moratorium would help to improve land use planning and permitting processes that contribute to Indonesia’s development goals and respect local rights, continuing beyond the two-year suspension period.Important unanswered questions include:What specific areas are included in the moratorium and what data and methods were used to identify them? What are the extent, location, and status of existing and already exempted permits? How will this information be made publicly available?What instructions will be given to the Minister of Mines and Energy?How will provisions be made to allow legal community-based forest management during the two-year period, and to strengthen local management options in the future?How will government agencies interpret and by what process will they implement the instructions provided regarding ‘improving governance’?What additional actions will be taken regarding the governance of areas not identified on the Indicative Map?The Indonesian government can begin to help answer some of these questions by ensuring that a digital version of the Indicative Map, source data layers, associated methods, and accurate information on the extent, location, and status of existing and already exempted permits, are made publicly available.What are additional priorities for the two-year moratorium period?In addition, as acknowledged by the government, achieving these goals will require taking many actions in the two-year moratorium period that are not addressed in the Presidential Decree. This includes putting in place REDD+ policies such as improved land use planning and permitting processes, reviewing or revoking illegal permits, encouraging expansion of agriculture and timber plantations onto degraded land instead of forested land (e.g. sustainable palm oil expansion on degraded land) and developing incentives for existing permits on forested lands to be swapped for permits on degraded lands (e.g. voluntary land swaps).The main purpose of this decree, as identified in a previous article, is to create time for the government, business and civil society to develop and implement changes that will lead to more sustainable land management while stimulating economic growth, such as:Comprehensive, accurate, and regularly updated spatial data and maps on land cover and forest type, land use, land status, and land rights—including permits—made publicly available through easily accessible websites.Revised land use plans (zoning) such that appropriate natural forest and peatlands are classified for conservation or sustainable management and appropriate degraded lands are classified for agricultural or other uses, through a process that incorporates best practices in participatory spatial planning.Transparent and participatory processes for reviewing, revoking, reissuing, or relocating permits that are illegal or are in areas that are inappropriate for development, incorporating best practice stakeholder engagement and including the free prior and informed consent of relevant communities.Whether this Presidential Decree contributes to achieving the goals of the Indonesia-Norway agreement on REDD+ is highly dependent on how remaining unanswered questions are addressed and what additional actions the Indonesian government takes—with the participation of industry and civil society—during the two-year period. The moratorium makes progress in some key areas…Despite stiff opposition from advocates of business as usual, a moratorium has been signed and issued.It highlights the importance of improved governance.It recognizes the importance of ministries and agencies working together to make implementation of the decree successful.It includes a map of areas that should not be deforested. The representation of this decree in map form makes it easier for stakeholders to carry out monitoring and support law enforcement.…but some important issues remain:Areas of secondary forest are not covered. These are widespread and valuable for carbon, biodiversity and livelihoods.There is no mention of the Minister of Mines and Energy in the decree, and it is not clear how permits for non-exempted mining activities (i.e. coal and minerals) will be addressed. The Ministry of Agriculture is also not mentioned in the decree.Community-based forest management and other sustainable activities that do not result in forest conversion are not included in the exemptions.No information is provided on the extent and location of existing permits that are exempted from the moratorium.It is unclear what will happen with the many permits that may have been issued illegally. A summary of key elements, and unanswered questions, in Indonesia’s recent moratorium on new forest permits.On May 20, 2011, Indonesian President Susilo Bambang Yudhoyono signed a Presidential Instruction (“decree”) putting into effect a two-year moratorium on issuing new permits for use of primary natural forest and peatland.The highly anticipated moratorium is part of a broader $1 billion Indonesia-Norway partnership to reduce emissions from deforestation and degradation (known as REDD+).According to government statements, the decree applies to between 64 and 72 million hectares of primary forest and peatland, shown in a map attached to the decree. The decree highlights governance as a key area for improvement, critical in addressing the underlying causes of forest loss. The President calls on ministries and agencies to work together nationally and locally to implement the moratorium.It is difficult to assess the likely effectiveness of the moratorium in achieving its goal of reduced greenhouse gas (GHG) emissions, since the decree includes a number of exemptions (such as cases in which licenses are pending) without providing details on the exempted areas’ location or size.In order for the public to fully assess the impact of the decree, the government would need to make all exemptions public in such a way that a quantitative spatial analysis can be independently prepared and published. Only with this information can the various partners in Indonesia’s efforts to reduce GHG emissions see whether the spirit of the decree is being met.In the meantime, this article provides a summary of how key elements are addressed, identifies unanswered questions to be further explored once the digital maps and additional information are publicly available, and suggests priority actions for the two-year moratorium period that can produce lasting benefits to Indonesia’s forests and the people and businesses that depend on them.
“To tell the story of the corporation is to tell the story of a grand bargain gone awry,” says Pavan Sukhdev in his new book, Corporation 2020: Transforming Business for Tomorrow’s World. It’s a bold statement, but he backs up his claim persuasively. While many companies are reaching record profits, they’ve oftentimes come at the expense of ecological degradation, rising greenhouse gas emissions, unemployment, spikes in food and fuel costs, and social inequalities.But Sukhdev has developed what he believes is a framework for shifting the private sector towards a greener, more equitable economy. WRI recently hosted Sukhdev at our Washington, D.C. office to discuss his new book and his vision for the future. The founder of GIST Advisory and former head of UNEP’s Green Economy Initiative joined a panel discussion with WRI’s Managing Director, Manish Bapna, and Naoko Ishii, CEO of the Global Environment Facility.“Pavan has written a remarkable new book,” said WRI’s president, Andrew Steer, who opened Wednesday’s event. “It not just a book, but really a campaign to change corporations in four viable ways.”The 4 “Planks” for Corporate SustainabilitySukhdev’s framework for shifting the private sector towards greater social and environmental sustainability includes what he calls the “four planks of change:”1. Accounting for externalities: Many of the resources corporations regularly use and extract—water, minerals, trees, etc.—exist in the public space, and therefore come cost-free. Internalizing these externalities—or assigning an economic value to them—can help corporations measure, report, and manage their social and environmental impacts.Taxing resources: Companies currently face corporation and income taxes, but, according to Sukhdev, there’s a missing revenue stream: resource taxes. For example, taxing mining companies on the minerals they extract would incentivize sustainable management and better environmental stewardship.Limiting leverage: Many companies—from banks to airlines to hedge funds—have become “too big to fail.” “This constant increase in size coupled with huge amounts of leverage leads to moral hazard,” Sukhdev said.More responsible advertising: “Advertising is the single biggest driver of excessive demand,” Sukhdev said. Moreover, advertising today focuses on the need to purchase more and more products. A more sustainable method, Sukhdev argues, is taking a life-cycle approach, advertising how long a product will last, where its materials come from, and how to properly dispose of and recycle it.These “planks” aren’t an exhaustive list—Sukhdev acknowledges that dozens of other promising ideas and strategies exist. But embracing these principles now can help move the private sector towards greater sustainability in 2020.“The framework provides a very clear, accessible way to think about the type of change we need in our economic system,” said Bapna. “It’s a very manageable set of reforms—they’re ambitious, but all of these are being talked about today and are do-able.”WRI and Moving Businesses Toward SustainabilitySukhdev’s corporate vision aligns with much of the work WRI does in the business sector. Our Corporate Ecosystems Services Review provides companies with a structured methodology to manage business risks created by a dependence on ecosystems and natural resources. Our Coastal Capital series of publications conducts economic valuation studies of mangroves and coral reefs in five Caribbean countries. WRI’s Aqueduct project provides an online mapping tool that helps corporations identify and manage current and projected water risks. And the Greenhouse Gas (GHG) Protocol is the most widely used international accounting tool to measure, manage, and eventually reduce greenhouse gas emissions.The Future of BusinessRevamping the way corporations do business isn’t the only way to move toward a more sustainable future, but it is one of the most important. As Sukdhev noted, business operations create wide-ranging impacts—on poverty and inequality, the environment and ecosystems, unemployment, politics, and communities. “The challenge really is that we need a change in the private sector,” Sukhdev said. “Otherwise, we won’t get the transformation we seek—switching from the brown economy to the green economy.”
Read more In praise of the Cup Winners’ Cup, the competition that was never retained Last Tuesday night three Englishmen scored at the Jämtkraft Arena, a ground where Galatasaray, PAOK Thessaloniki and Hertha Berlin were beaten and Athletic Bilbao were held in the Europa League last season. The efforts of the young Ytterhogdals IK players were in vain as home side IFK Ostersund won 4-3 to progress in the Swedish Cup.All but five of the Ytterhogdals squad are British. Having come through at Liverpool, Preston North End, Leyton Orient, Grimsby Town, Fleetwood Town, Manchester United, Sunderland and Wolves, they now live together in a hostel in a village 100 miles from the nearest town. They train twice a day and play in the Swedish fourth tier for one of Europe’s strangest clubs.So how come 3% of the people living in an isolated Swedish village are professional footballers? Crowds at Ytterhogdals average around 250 – almost half the village – yet the players are paid enough to survive in an expensive country thanks to funding from wealthy farmers in the area. Yorkshireman Adie Costello, who managed Hull City Ladies, York City Ladies and Garforth Town before moving to Sweden, says: “There is no pressure or expectation, other than to not get relegated and bring pride to Ytterhogdal.” Facebook Playing in the shadows Share on Twitter Topics Share on Facebook Pinterest Share via Email Now, with the snow piled up behind the goals and ice pavements between the changing block and the wobbly wooden terrace, it is not immediately hospitable. But thawing yourself in the reception area with a half-time kaffe and korv – coffee and hot dog – the few spectators who have braved the freezing temperatures can rub shoulders, literally, with the players and referees waiting to access their dressing rooms.As the only full-time club in Sweden’s lower tiers, Ytterhogdals are joint favourites to win Division 2 Norrland, one of six regional fourth-tier divisions. One club at this level reportedly have a budget of around £1.3m, while others are happy to remain totally amateur. It is an imbalance reflected in the opening-day results: Ytterhogdals and Gottne both put seven past the two promoted clubs.Conducting Ytterhogdals through their stroll past Sandviks was captain Sam Alderson, a 21-year-old from Maidenhead. A wide player at Orient, Alderson came to Sweden last year on the League Football Education’s player placement programme. Funded by the EU’s Erasmus+ project, for the last 10 years LFE have arranged for a couple of dozen released teenagers to spend three months with Swedish clubs. If they impress, they are usually asked to stay for longer and build a career in the Swedish game. Several members of the Ostersund side that went on that wild Europa League adventure arrived in Sweden on the programme. After being released by York City, playmaker Jamie Hopcutt joined Ostersund in 2012. He is still at the club, where he is now playing alongside Ravel Morrison under English coach Ian Burchnall. Twitter The Swedish lower leagues are a young man’s game. Every club trains at least three, sometimes four, times a week and away games can be 10 hours away. All that for a free tracksuit and a sandwich at some clubs. It is not for family men. So, 23-year-old Peter Smith, a former Wolves defender, is one of the oldest players at Ytterhogdals. Jordan Blinco, once of Sunderland, is 22; and midfielder Alexander McBurnie, brother of Swansea and Scotland striker Ollie, is just 21.The style of football suits players coming straight out of English academies, too. “It’s hard to compare with a level in England,” says Costello. “I would liken it to Under-23 football back home. It’s very technical but with a competitive edge that academy football doesn’t have. The English boys bring a physicality from years in EFL academies that the Swedes just don’t have. We have to build the locals up.”If the club are promoted, they will have a problem: in the third tier locals have to make up 50% of every matchday squad. Ytterhogdals currently have four Swedish players, only one of whom started last weekend. Their Dutch goalkeeper plays for New Zealand Under-23s and drives the team minibus home once the players have packed away the refreshments and polished off the homemade cake.This Sunday, Ytterhogdals will travel four hours east to the Gulf of Bothnia to face another village team, Gottne IF. English voices will abound as Gottne also have teenagers on the LFE programme from Luton Town, Oxford United and Wigan Athletic. They are having a life experience they will never forget – and may end up staying for years.This week in… 2011Eight years ago Preston North End secured a place in the Lancashire Senior Cup Final with a penalty shootout win over Liverpool at Deepdale. North End fielded future Australia centre-back Bailey Wright, while Jon Flanagan was at right-back for the Reds. The star that afternoon was the visitors’ wonderfully skilful lightweight right winger: Jesús Fernández. Better known as Suso, the Spaniard is now a regular for Milan. Twitter Read more Pinterest Facebook Reserve teams in the lower leagues? That idea doesn’t even work in Spain Share on Messenger Next man up: Alex Cochrane, BrightonBrighton left-back Alex Cochrane, who turns 19 next week, is revelling in his first full season of Premier League 2 football. Quiet and calm, Cochrane is creative too, setting up Albion’s injury-time equaliser against Swansea last week at the Amex, just a few minutes’ drive from his home in Lewes. He also covers the back line well and the club rate this low-profile prospect highly enough to field him in the Checkatrade Trophy this season.Fantasy footballIf you would like to attend a Premier League ground for an affordable price, pay attention. Almost every Premier League 2 game in this last two rounds of fixtures takes place at the main stadiums. Liverpool go to Leicester’s King Power on Sunday, then the PL2 Division One title should be decided at Goodison Park on Monday as leaders Everton host second-place Brighton, while Chelsea play Arsenal at Stamford Bridge, and the bottom two – Swansea and Spurs – meet at the Liberty.Thousands of kids on Easter holidays can also sample a game the following weekend at the Emirates, Amex, London Stadium and, most exciting of all, the new White Hart Lane, where Spurs host Derby on 29 April. See you there.Follow Gavin Willacy and Playing in the Shadows on Twitter Share on Pinterest Read more features Share on WhatsApp Fans attend the Jamtkraft Arena to watch Ostersund play Arsenal in the Europa League. Photograph: Peter Cziborra/Action Images via Reuters Ostersund Remember me?Jack Wilshere was among the star names appearing in the Premier League 2 last week. It was a rare appearance at the Olympic stadium for the former England stroller, making his latest injury comeback for the West Ham U23s as they beat Swansea 1-0. Eliaquim Mangala, who Manchester City signed for £42m in 2014, played in their 4-3 win over Everton; and, nearly three years after his first-team debut, Ben Woodburn scored in Liverpool’s 3-2 win over Chelsea. Europa League Football Share on LinkedIn Suso, once of Liverpool reserves, now plays for Milan. Photograph: Marco Bertorello/AFP/Getty Images Just like the FA Cup, the Swedish Cup can bring fame and glory to unlikely places. Ytterhogdals reached the last-32 three years ago and the following season IFK’s partner club, Ostersund, went all the way and won it, securing a place in the Europa League.In the stadium where 9,000 watched Ostersund play Arsenal in the Europa League last year – the Swedish club went out with their heads held high after winning the second leg at the Emirates – the attendance on Tuesday was about 200. That is normal in Sweden’s fourth tier and considerably more than the 18 people I counted as Ytterhogdals opened their league campaign last Saturday. With their grass pitch not fit to play on until the middle of May, Ytterhogdals spent the frigid pre-season training an hour away from the village in various indoor domes as temperatures headed towards -30, and now have a temporary home on 4G pitch in Ljusdal. It, too, was an indoor dome until the gigantic snowfall made the roof collapse. Ravel Morrison to ‘rebuild’ himself by joining Swedish side Ostersund Reuse this content
Asian News International LondonFebruary 20, 2019UPDATED: February 20, 2019 15:43 IST Nasir Jamshed was banned for 10 years by the PCB (Reuters Photo)HIGHLIGHTSNasir Jamshed along with Yousef Anwar and Mohammed Ijaz were arrested in February 2017Jamshed, Anwar and Ijaz have been charged with conspiring to bribe players in the PSLThe alleged conspiracy is said to have taken place between November 2016 and February 2017Pakistani cricketer Nasir Jamshed, who was previously banned by the Pakistan Cricket Board (PCB), is all set to face trial in the United Kingdom after being accused of bribing players in the Pakistan Super League.Jamshed and two UK nationals – Yousef Anwar and Mohammed Ijaz – were arrested in February 2017 as part of an investigation into alleged spot-fixing by the UK’s National Crime Agency, according ESPN Cricinfo.Jamshed, Anwar and Ijaz have been charged with conspiring to bribe players to perform below their potential in the PSL. The alleged conspiracy is said to have taken place between November 2016 and February 2017.Anwar and Ijaz have also been charged with bribing players in the Bangladesh Premier League in late 2016.These three entered not guilty pleas at Manchester Crown Court. The trial will take place at the same court from December 2, Cricinfo said.All the three have been granted unconditional bail, but they have been told to attend a pre-trial review on September 6.Jamshed was banned for 10 years by the PCB after the player was found guilty of five charges under the anti-corruption code.Also Read | Irfan Ansari, man who approached Pakistan captain Sarfraz Ahmed, banned for 10 yearsAlso Read | Pakistan Super League finds new producers after IMG Reliance snaps dealAlso Read | India-Pakistan World Cup clash likely to be discussed on sidelines of ICC meetAlso Read | No India vs Pakistan at World Cup? BCCI sources say government to take final callFor sports news, updates, live scores and cricket fixtures, log on to indiatoday.in/sports. Like us on Facebook or follow us on Twitter for Sports news, scores and updates.Get real-time alerts and all the news on your phone with the all-new India Today app. Download from Post your comment Do You Like This Story? Awesome! Now share the story Too bad. Tell us what you didn’t like in the comments Tags :Follow PakistanFollow Pakistan cricketerFollow Nasir JamshedFollow BriberyFollow TrialFollow UKFollow PSLFollow Pakistan Super League Pakistan cricketer Nasir Jamshed to face bribery trials in UK in DecemberNasir Jamshed and two UK nationals – Yousef Anwar and Mohammed Ijaz – were arrested in February 2017 as part of an investigation into alleged spot-fixingadvertisement
zoom Warsash Maritime Academy (WMA), part of Southampton Solent University, is the first training provider to offer a learning app dedicated to support the training of maritime personnel.The Warsash app is available to download free from the Apple iTunes Store and it enables seafarer’s access to updated course materials, career progression charts, WMA’s maritime course offering, news and a wide range of training FAQs via an iPad.Students already enrolled on the academy’s commercial yacht and engineering courses have the additional benefit of accessing their course materials via a user name and password. The access to course notes will shortly be rolled out to its students undertaking unlimited certification starting with phase one officer cadets.The app enables students with access to iPads to download the course materials remotely even when being offline, and as WMA course lecturers are able to continuously upload the latest information, their students are consistently provided with up-to-date learning materials. It is with their commitment to improve the student experience and having listened to student feedback, that Warsash Maritime Academy created this enriched learning app.“With its modern look and feel and ease of use,” said Andrew Hair, Director at Warsash Maritime Academy, “anyone who is looking to pursue a career in the maritime industry will benefit from the information available from the app. The ability for Warsash students to constantly receive updated material is invaluable and means they can access their course material easily whilst they are on board and working globally.”Warsash Superyacht Academy, the superyacht training arm of WMA launched the first superyacht learning app in September last year and it has been well received by students.“For almost 70 years Warsash Maritime Academy has been a world class provider of maritime education, innovation, research and development. Being the first major academy to deliver training to students via an app, we want to continue to enhance our reputation as a world leader,” continued Andrew Hair.The academy appointed CM Group’s Luminosity Motion Learning platform to build the app and deliver content. As an organisation that is committed to providing pioneering solutions and a student learning experience, it was appropriate that the association provided an app that enables WMA to continue to lead in a fast changing and competitive environment.The Warsash apps are available through the Apple App Store and future developments include an android version for non-Apple tablets. My location Print Close 此页面无法正确加载 Google 地图。您是否拥有此网站？确定 Warsash Maritime Academy, February 5, 2014
New Delhi: India’s economic growth on Friday slumped for the fifth straight quarter to an over six-year low of 5 per cent in the three months ended June as consumer demand and private investment slowed amid deteriorating global environment. Having lost the tag of the world’s fastest-growing economy earlier this year, India’s GDP growth was behind China’s 6.2 per cent in April-June, its weakest pace in at least 27 years. The Gross Domestic Product (GDP) of India, Asia’s third-largest economy, slumped by larger than expected 5 per cent in April-June, the slowest pace since January-March 2013. Also Read – Thermal coal import may surpass 200 MT this fiscalThe growth stood at 5.8 per cent in January-March of 2019 and 8 pe cent of April-June 2018, according to official data released on Friday. Government’s Chief Economic Adviser K V Subramanian said India’s GDP numbers indicate that growth while still high, has shown some slowdown. “Similar phenomenon has been observed previously in the last quarter of 2013-14,” he said. “This has been on account of both exogenous and endogenous factors. The government is quite alive to the situation especially global headwinds arising out of deceleration in the developed economic and Sino-American trade conflict which has contributed to the slowdown,” he noted. Also Read – Food grain output seen at 140.57 mt in current fiscal on monsoon boostPrior to announcement of GDP numbers, the government on Friday announced its second of the three-part stimulus, merging 10 public sector banks into four with a view to boost credit to help revive the economy. Last week, the first stimulus package was announced that included reduction of taxes, improvement of liquidity in the banking sector (formal and shadow), increased government spending on auto and infrastructure, and accelerated refunds of Goods and Services Tax (GST). This was followed by liberalisation of foreign investment rules in four sectors — coal mining, contract manufacturing, single-brand retail and digital media. A third and possibly last package, expected in the next few days, may deal with issues facing the realty sector. The Chief Economic Adviser said the government has been taking all necessary steps in short term and medium term to take care of the situation. “The investment rate actually seems to be picking up. The capacity utilisation is increasing now and is now comfortably above 76 per cent,” he said. “What is critical for that 8 per cent growth is investment”, he added. The Budget for 2019-20, he said, has announced Rs 100 lakh crore investment in infrastructure creation in the next five years which has the ability to crowd in investment. “Given some of the green shoots I have spoken on the investment side, we should be assured that higher growth would start manifesting in some time. Right now, we are sticking to the forecast of achieving 7 per cent growth in FY20 (April 2019 to March 2020),” Subramanian said. Declining savings especially household saving is a major challenge for the economy and is leading to structural growth slowdown, Fitch Group’s India Ratings and Research chief economist Devendra Pant said. “While the fiscal space to undertake counter-cyclical measures are very limited, we believe, the government would undertake some measures to provide a short-term boost to the economy,” he said. After agriculture, real estate/ construction is the second-largest employer and also has a huge backward and forward linkages with other sectors. So reviving real estate sector would be crucial both from the investment as well as consumption point of view, he noted. The rating agency believed that there is no quick-fix solution to the downturn which has been in the making for the past few years. “Hence, the recovery will also take its own time,” he said, adding the RBI may cut interest rates one more time to boost demand. So far, RBI has cut interest rate by 110 basis points this year. “The growth slowdown was led by private final consumption expenditure, which grew 3.1 per cent only (18 quarter low). Investment demand also remained lackluster and fixed capital formation grew 4.0 per cent (4QFY19: 3.6 per cent). Only government expenditure provided support to growth and increased by 8.8 per cent,” he said. While general elections in April-May 2019 had some impact on investment growth, the collapse of private consumption demand from 10.6 per cent in 4QFY18 to 3.1 per cent in 1QFY20 is the real cause of concerns, he said. “Ind-Ra believes both structural and cyclical issues are plaguing Indian economy and in order to bring the economy back to a respectable growth path both short-term and long term measures are required,” he noted. The Gross Value Added (GVA) growth in the manufacturing sector tumbled to 0.6 per cent in the first quarter of this fiscal from 12.1 per cent expansion a year ago. Similarly, farm sector GVA growth remained subdued at 2 per cent as compared to 5.1 per cent in the corresponding period of the previous fiscal. Construction sector GVA growth too slowed to 5.7 per cent from 9.6 per cent earlier. However, mining sector growth climbed to 2.7 per cent from 0.4 per cent a year ago. The previous low in GDP growth was recorded at 4.3 per cent in the January-March quarter of 2012-13. India’s economic growth stood at 8 per cent in the same quarter of 2018-19. The Reserve Bank had marginally lowered the GDP growth projection for 2019-20 to 6.9 per cent from 7 per cent projected earlier in the June policy and underlined the need for addressing growth concerns by boosting aggregate demand.
TORONTO – The Weston family is poised to create Canada’s largest real estate investment trust through a $3.9-billion deal for its publicly traded Choice Properties REIT to buy Canadian Real Estate Investment Trust.The combination of Choice Properties, which counts Loblaw as its principal tenant and largest unitholder, and CREIT will create a company with a diversified portfolio of 752 properties.The Weston family — one of Canada’s wealthiest — controls the Loblaw food business and other retail operations, including Shoppers Drug Mart and the Joe Fresh fashion chain, through its holdings in George Weston Ltd.The REIT empire helps it diversify away from its focus on retail, which has been experiencing mass disruption amid the rise of e-commerce and an increasingly competitive environment.“Loblaw and GWL continue to be fully committed to Choice Properties as a strong pillar of growth within the Weston Group of Companies,” Galen G. Weston, who is chairman and CEO of Loblaw and GWL, said in a statement.“We’ve always had an ambition to really establish Choice Properties as a real estate entity on its own,” he added in a conference call with analysts.“We always contemplated (mergers and acquisitions) as a long-term strategic option for us. . . . And fortunately, we were able to engage in a constructive conversation with (CREIT’s) management and their board.”Under the arrangement announced Thursday, Choice Properties will pay about 42 per cent of the purchase price in cash — to a maximum of $1.65 billion — and the rest in Choice Properties units, to a maximum of 183 million units.On a per share basis, CREIT unitholders are being offered $53.75 in cash or 4.2835 Choice Properties units for each CREIT unit held, subject to the overall cash and equity maximums.Following the deal, Loblaw Companies Ltd. and George Weston Ltd. will own approximately 62 per cent and four per cent of the combined company respectively. Canadian REIT unitholders will own approximately 27 per cent.The transaction requires a number of approvals, from unitholders in both REITS and the federal Competition Bureau, which has authority to review all mergers in Canada.“The Bureau is aware that Choice Properties and Canadian Real Estate Investment Trust are proposing to merge. . . . As the Bureau is obligated by law to conduct its work confidentially, I cannot comment further,” media relations officer Jayme Albert said in an email.The combined entities will be led by CREIT’s management team: chief executive Stephen Johnson, chief operating officer Rael Diamond and chief financial officer Mario Barrafato, who will have similar roles at Choice Properties.Choice Properties CEO John Morrison, who will become non-executive vice-chairman of the board of trustees, said that CREIT brings expertise in office and industrial properties as well as retail, where Choice has a lot of its assets.“So, I mean, there may be a bit of rationalization, but I wouldn’t say it would be material,” Morrison said.Choice Properties did announce Bart Munn will step down as chief financial officer but didn’t disclose whether he was leaving the organization.Morrison said one of the growth opportunities for the enlarged REIT will be a collection of about 60 properties ripe for mixed-use development, including 48 from Choice.He added that “some of the CREIT’s properties are in a position to move forward a little bit faster than maybe some of the Choice Property sites that are available.”CREIT units were up about 16 per cent to $50.49 on the Toronto Stock Exchange Thursday. Choice Property units closed down 3.6 per cent at $12.04.Companies in this story: (TSX:CHP.UN, TSX:REF.UN, TSX:WN, TSX:L, TSX:WN)
Chandigarh: The Election Commission has issued a notice to BJP’s Chandigarh candidate Kirron Kher, seeking a reply after she shared a video on Twitter in which children were seen campaigning for her.However, in her reply, Kher said it was done “unintentionally”, acknowledging that it was “wrong”. The poll panel had asked the actor-turned-politician to reply within 24 hours. “You have shared a video on your Twitter account which shows that children are being used for election campaign in your favour through slogan ‘Vote for Kirron Kher’ and ‘Ab Ki Baar Modi Sarkar’,” the notice issued on May 3 said. Also Read – 2019 most peaceful festive season for J&K: Jitendra SinghIn the notice, it was mentioned that the National Commission for Protection of Child Rights in January 2017 had requested the Election Commission to ensure that children are not involved in any form with election-related activities, by either election officials or political parties. The EC had subsequently instructed that it should be ensured by all political parties and election officials that children are not involved in any election-related activity, as per the notice. Also Read – Personal life needs to be respected: Cong on reports of Rahul’s visit abroadKher later said she has sent her reply to the EC. “Some party worker sent it and my social media team shared it…Sometimes because of rush of work and enthusiasm, people do it and which is wrong. Children should not be used for this at all. I agree with that and it was not done unintentionally…So it was very bad, not good and it should not have been done,” she said. Kher is seeking re-election from the Chandigarh seat and is pitted against four-time MP and Congress candidate Pawan Kumar Bansal and AAP’s Harmohan Dhawan. Chandigarh will vote in the last phase of the Lok Sabha election on May 19.
Eddie Robinson would not be happy about this. In fact, he’d be embarrassed. An attorney in Grambling, Louisiana, where Robinson coached at Grambling University for 57 years, has asked the NCAA infractions committee to vacate some of the late Joe Paterno’s wins at Penn State in light of evidence indicating he might have participated in a cover up of the Jerry Sandusky child sex abuse drama.Her goal: To move Robinson back to the top position in all-time NCAA Division I victories. What a cheap approach.Paterno has 409 career wins. Robinson has 408, getting passed by Paterno less that two weeks before the Sandusky case broke.City attorney Pamela Breedlove said she filed the request with the approval of Mayor Edward Jones because the university is such a valued and important part of the city, according to the Shreveport (La.) Times.Breedlove said she did not have an opinion about how many victories should be vacated, which speaks to how outrageous this request.The three-page letter she sent to the NCAA details the city’s position, which says that the Freeh Report’s conclusions are enough evidence to give the record back to Robinson.”We just believe that you would want to associate the record with someone who had the character of coach (Eddie) Robinson,” Breedlove said. ”Especially now that we’ve come to realize how bad things really were (at Penn State).”Robinson, who was a man of immense character and pride, would be irate over such silliness. He would never want to achieve the record by retroactively taking away Paterno victories. In fact, it is a ludicrous notion for the NCAA to consider and an even worse idea to believe Robinson would be in agreement of such a tactic.NCAA spokesman Amy Kudwa Dunham confirmed that the letter had been received, but added that the ”issue is not before the infractions committee at this time.” She declined additional comment.The school president at Grambling neither endorsed nor dismissed the idea.”Grambling State University is a proud institutional member of the city of Grambling, Louisiana and a proud member of the NCAA,” Frank G. Pogue said in a statement. ”We are as passionate about Coach Eddie legacy as anyone. This is an NCAA matter.”Robinson, who died in 2007, had 45 winning seasons during his career that spanned more than half a century.Grambling plays in the Football Championship Subdivision (formerly Division I-AA), a step below the Football Bowl Subdivision (formerly Division I-A), which is where Penn State competes.
Ohio State All-American long jumper Michael Hartfield was named Big Ten Field Athlete of the Year and Big Ten Athlete of the Outdoor Championships on Wednesday. Hartfield, a junior, won the Big Ten Championship in the long jump Saturday, making him both the indoor and outdoor champion. “Definitely at a loss for words,” Hartfield said. “It’s a great accomplishment and I know I wouldn’t have gotten to this point without my family, friends and coaching staff. I’m definitely feeling more appreciative than anything else right now. This is crazy to me.” Hartfield also participates in the triple jump, and took second place in the Big Ten at the indoor and outdoor championships. Fellow junior long jumper Steve MacDonald was happy for his teammate. “I’m just really proud of Mike,” said MacDonald, who was named a second-team All-Big Ten performer on Wednesday. “His hard work has really paid off and he has become a leader on our team in one year. We are looking forward to finishing this year strong by meeting goals we set and then working hard over the summer going into next year, where we plan to continue improving.” Hartfield, who set a personal record with a jump of 7.95 meters, next will compete at the NCAA East Regional Preliminaries in Bloomington, Ind., from May 26 through May 28.
WANT TO KNOW what David Brent’s been up to for the last ten years?Well wonder no more, because he’s back for one night only… YouTube/PlumplardWant to see more? Click here>Ricky Gervais is resurrecting the character for Comic Relief’s The Office Revisted on 15 March on BBC One.No word yet how many of the other Office staffmembers will be taking part. We are gagging for a Tim and Dawn update though.Do you fancy someone in your office? You’re not alone> 9 office perks we all need: a DailyEdge.ie manifesto>
Une PS Vita sur 10 présenterait un défaut de fabricationSelon une enquête du site Kotaku, la dernière console portable de Sony connaîtrait quelques soucis d’un point de vue technique.Après avoir interrogé des possesseurs de PS Vita, il en ressortirait que 1 utilisateur sur 10 aient rencontré des problèmes avec sa console, le poussant à la faire réparer ou échanger. Malgré cela, l’enquête montre que les joueurs sont dans l’ensemble satisfaits de leur achat.Difficile d’en savoir plus et sur quoi ce problème technique se porte-t-il vraiment, ni même sur la fiabilité de cette enquête. Sony, de son côté, ne s’est pas manifesté sur ce sujet. Rappelons juste que la PS Vita est sortit au Japon juste avant les fêtes de Noël. Après un départ honorable au moment des fêtes (environ 320.000 unités vendues), elle s’est un peu vite essouflée jusqu’à atteindre un total de 442.490 console vendues à la fin janvier (source : VGChartz). Elle atteindra nos rayons le 22 février prochain.Le 26 janvier 2012 à 14:15 • Maxime Lambert
For some time, experts have thought people first arrived in the Americas from the so-called “Old World” around 15,000 years ago. Early explorers would have come across the Bering Land Bridge from modern day Russia to Alaska and down, and also spreading up from South America. Or so we thought. Researchers now believe that they’ve found evidence of humans in the Americas that dates back over 130,000 years.The study, published in the academic journal Nature, details and analyzes the remains of an ancient mastodon. Authors posit that the mastodon was buried in a way consistent with human activity. That sounds spurious, but I can assure you, as someone with a degree in biological anthropology I can confirm that it’s often pretty obvious if remains were buried intentionally. You won’t typically find bones arranged in patterns without intervention, for example.What’s more is that the mastodon’s remains show evidence of damage from human tools. All of this has been known for some time, and it was accepted to be one of the oldest sites in the Americas already. Recent uranium-thorium dating, however, revealed that these remains might be far older than we first thought.Study co-author, Steve Holen, noted that the site was in spectacular condition with no geological disturbance. “So we can eliminate all of the natural processes that break bones like this.”Other experts in the field caution that the bones might not be quite as old as they appear. Each method radiometric dating has different pros and cons. Some work with certain types of material or only with substances that between specific ages. Uranium-thorium dating, used here, isn’t often applied to bones, leaving some skeptical. Still, radiocarbon dating has failed, indicating that the remains are likely at least 60,000 years old.“The results are completely astounding, as it’s very unexpected that there would be any evidence of humans in North America that are this old,” Beth Shapiro told The Verge. Shapiro, a professor in paleogenomics at UC Santa Cruz said she believed the data had been “reasonably interpreted.”While I never got to the Ph.D. level myself, I can say that the findings seem valid but odd. And they certainly leave a lot of questions. Human activity is generally pretty easy to track across the planet. Every time we go somewhere new, we tend to cause massive extinctions of large animals as we hunted them and destroyed their natural environment. Plus, because humans are so recent, many of our tools and bones are pretty close to the surface and easy to find. If we really did arrive in the Americas more than 100,000 years ago, we’d have expected to have found more fossils around the same age. They may well be out there, but it’s not like people haven’t been looking. The west coast is densely populated with lots of activity and yet… very little.It may be a while yet before we know for sure what these findings mean, but they are remarkable nonetheless, and they may raise some big questions about our history. That’s science for you — always more questions than answers.
The Manchester United midfielder believes their current opponents are very difficult and he talks about how his team prepared for the challenge.Manchester United will pay Crystal Palace a visit tonight in the English Premier League.And for footballer Andreas Pereira, this is a very difficult test and cannot compare to what they did against Liverpool in the team’s last fixture.“I think every game is very important,” the 23-year-old told MUTV.“You have a derby, like Liverpool, and then you have Crystal Palace away – a very difficult game at their ground.”“So we have to adapt and we know it is a different type of game, but also a difficult one. So we have to prepare differently and prepare ourselves mentally as well,” he added.“Hopefully someone can score the same [kind of goal].”“It can be a tough one there, so you have to be fully focused and you can’t underestimate them,” he added.Liverpool legend Nicol slams Harry Maguire’s Man United form Andrew Smyth – September 14, 2019 Steve Nicol believes Harry Maguire has made some “horrendous mistakes” recently, and has failed to find his best form since joining Manchester United.“They have very good players, they have experienced players and we have to stop them and try to play our football.”“We’re very happy with everyone at the club, with the manager, with the staff,” he said.“All the players are happy and you can see it on the pitch. We just want to be a happy team that is winning games.”The Red Devils are currently in the fifth position of the table with 52 points. The club has won 15 out of their 27 matches, seven draws and five losses.Here’s what happened last time #MUFC went to Selhurst Park…We don’t need to tell you to keep watching ’til the end! 😉 pic.twitter.com/rKFBt1jxQl— Manchester United (@ManUtd) February 27, 2019
Sainikpuri: In an endeavor to empower the spouses of tri-services officers attending the Higher Defence Management Course and faculty members at College of Defence Management (CDM), Secunderabad, a nine-week-long certificate course commenced on “Social Awareness and Life Skills Towards Responsible Citizenship (SALSRC).” The Certificate Course at CDM, a premier tri- services institution, is being conducted in collaboration with Osmania University (OU), All India Institute of Management Association (AIMA) for 49 participant spouses of Armed Forces officers from three services. Also Read – Secunderabad: Major General N Srinivas Rao makes farewell visit to AOC Advertise With Us The aim of the course is to empower the ladies in various aspects pertaining to Corporate Social Responsibility and Life Skills towards a life of fulfillment at personal and professional level and help them in discharging their duties as responsible citizens. The course designed with multi-disciplinary curriculum, is jointly being conducted by faculties from CDM, Secunderabad and Osmania University encompassing various modules on Women Empowerment, Social Awareness, Life Skills and Corporate Social Responsibility (CSR). Considering the scope of the course as part of value addition to the curriculum, several guest speakers are also being invited to deliver talk to the course participants from fields like Environment Protection, Apollo Hospital and various NGOs of national and international repute and a field visit to Tata Institute of Social Sciences.
Apple set to hire from Indian Institute of Technology-Bombay this yearReutersGlobal tech giant Apple Inc. has made quite some buzz in India in the last few weeks, and no, it is not over its latest iPhone. The placement season is here and all eyes have been on the Cupertino-based firm since it was reported that the tech giant was set to hire employees from the Indian Institute of Technology, Bombay this year.Keeping up with the hype, Apple debuted at the IIT-Kharagpur campus on Friday, December 1, and recruited five students for its Bengaluru facility, reported the Times of India. And living up to its reputation, Apple is said to have offered a six-figure monthly package to these students, who are from the department of computer science and engineering and will be a part of Apple’s data analytics team.Speaking about the much-awaited recruitment, a person from the institute’s placement cell told the daily: “Apple Inc deciding to come to IIT-Kgp and offering positions to students for its Bengaluru office is proof that they have grand plans for India.”Apart from Apple, the IIT-Karagpur campus also saw the presence of several other renowned firms willing to hire students. “We have offers from Halma Plc and Dunia, both of which will be recruiting for their overseas job postings,” another source added. This is the first phase of placements at IIT-Kharagpur and the second one will be in January.ONGC and ISRO also visited the campus and are said to have recruited 13 students on Friday, but the institute explained that it expected more firms to hire from the campus, which did not happen.”There’s been a lukewarm response. We expected more PSUs to turn up. Several of them complained that we do not allow core companies to recruit in the beginning and that they missed out on slot O. ONGC and Isro recruited 13 students on Friday. This time though we had offered PSUs better slots, many didn’t come to recruit,” said the source.Meanwhile, Apple had earlier said that it would hire students from IIT Bombay and had started giving out application forms for it. “The tech giant is offering positions for coding profile and most computer science students and some enthusiasts from other streams have signed up for the test,” a source from IIT-Bombay told TOI.Even though a source confirmed Apple’s participation in placements this year, IIT-B hadn’t officially announced the news. Instead, it said: “We don’t want to comment whether Apple is participating or not.”Students who applied for the roles and were short-listed by Apple will now reportedly take up a test. The selected candidates will mostly be placed in the firm’s India facilities in Hyderabad and Bengaluru.The students at IIT-B are clearly thrilled with the opportunity to land a job with one of the most-loved brands and a student said: “The chance to be a part of the powerful ecosystem at Apple is so enticing that many of us have registered for the test and hope to be short-listed.”Microsoft too has made quite a mark across IITs this placement season and is said to have offered the most number of US jobs. Similarly, Accenture is said to have been the top recruiter at IIM- Ahmedabad, from where it picked up 19 students.
Reserve Bank of IndiaReutersA Reserve Bank of India committee has proposed to double the cap on collateral-free Mudra loan from Rs 10 lakh to Rs 20 lakh. The proposal aims at helping self-help groups and borrowers that fall in the Mudra scheme’s micro, small and medium enterprises (MSMEs) category.The RBI panel was headed by UK Sinha, former chairman of Securities and Exchange Board of India (SEBI). The report reviewed the current framework of the MSME sector and will be made public by RBI on Friday. The report focuses on giving long-term solutions for the economic and financial stability of the MSMEs. [Representational image]Creative CommonsThe proposal focuses on categorising the MSMEs on the basis of their annual turnover rather than their investment size. It also states that the micro-based sector can have an annual turnover of Rs 5 crore, small sector up to Rs 75 crore and medium sector up to Rs 250 crore turnover.The Pradhan Mantri Mudra Yojana (PPMY) was launched by Prime Minister Narendra Modi with an aim to provide easy loans to non-corporate, non-farm small and micro-enterprises. The loans are provided to the manufacturing, trading and service sectors by banks and non-banking financial companies as working capital.As per the Mudra Yojana, the lending target of Rs 3 trillion was achieved by the government in 2018-19. The amount was structured by providing funds to 60 million different sectors.”As on February 1, 2019, over 15.73 crore loans amounting to Rs 7.59 trillion have been extended by MLIs (member lending institutions) under the PMMY, since the inception of the scheme. Almost 73 percent of the loans under the PMMY has been extended to women borrowers,” said Shiv Pratap Shukla, former minister of state for finance. He added that there were drawbacks in the schemes because of the loans sanctioned to the first-time borrowers without a credit history which led to a loss of about Rs 7277.31 crore in 2018.Bad debt problemThe loans under Mudra are covered under the Credit Guarantee for Micro Units. The newly proposed cap of rupees 20 lakhs might push the number of bad loans higher than normal if the definition of MSME also changes.There might be massive bad debts if micro-units are given loans with reference to their turnover. The bad debts might also be reflected in the other sector units, resulting in the failure of the Mundra Yojana. The persisting bad debts might also create a negative impact on banks because of which the bankers might restrain themselves from more funding unless the insurance cover is commensurately increased.
Eliot L EngelExpressing doubt over the return of Rohingyas to their homeland, Congressman Eliot L Engel has called for an end to the attacks and an immediate restoration of humanitarian access to Rakhine state of Myanmar.”The governments of Burma and Bangladesh have struck a deal to begin repatriating Rohingya next month, but it’s not yet clear that anyone is interested in returning right now,” he said.In fact, the Ranking Member of the House Committee on Foreign Affairs said, there are reports of more arrivals in Bangladesh each day, on fishing boats for those who can afford passage and on makeshift rafts for those who cannot.”People are leaving Burma out of fear and they are leaving because they’re hungry and they’re leaving because they know if they stay, they’ll die,” Engel said in a statement recently shared by Bangladesh foreign ministry on Thursday.He said the Burmese military and security forces are waging a brutal campaign of violence against unarmed civilians, including women and children, killing, raping, and destroying lives and livelihoods.”The Rohingya people have been marginalised for decades, but the unthinkable violence and human suffering since August is ethnic cleansing, pure and simple-a description the Trump administration now agrees with, although they were far too slow to say so-and possibly even genocide,” he said.Over the past four months, more than 626,000 men, women, and children have fled to neighbouring Bangladesh to find refuge in a country with tremendous needs of its own.”This is more than 10 times the number of refugees the Administration will allow into the United States this year-the same Administration that ended America’s participation in the UN effort to develop a Global Compact on Migration,” said the Congressman.He said Bangladesh deserves their deep gratitude for opening its doors to the Rohingya at a time when our government slams the door shut.”We must also urge our own administration to hold members of the Burmese military and security forces accountable for these atrocities, and I’ve introduced sanctions legislation to do just that,” he said.
Two Air Force B-1B Lancers (Top L & R) flying from Andersen Air Force Base, Guam, for a 10-hour mission, flying in the vicinity of Kyushu, Japan, the East China Sea, and the Korean peninsula. Photo: AFPPresident Donald Trump issued an apocalyptic warning to North Korea on Tuesday, saying it faces “fire and fury” over its missile program, hours after US media reported Pyongyang has successfully miniaturized a nuclear warhead.“North Korea best not make any more threats to the United States,” said Trump, who was speaking from his golf club in New Jersey. “They will be met with fire and fury like the world has never seen.”Hours later, North Korea said it was considering strikes near US strategic military installations in Guam with its intermediate range ballistic missiles, state news agency KCNA reported.Pyongyang is “carefully examining the operational plan for making an enveloping fire at the areas around Guam with medium-to-long-range strategic ballistic rocket Hwasong-12.”The plan could be put into motion “any moment” once North Korean leader Kim Jong-Un makes a decision, the KCNA report said.It was not immediately clear whether the threat was in response to Trump’s statements.The Washington Post had quoted a Defense Intelligence Agency analysis as saying officials think North Korea now has “nuclear weapons for ballistic missile delivery”—including in its intercontinental ballistic missiles—making it a potent threat against neighbors and possibly the United States.The Pentagon did not comment on the story, but the Post said two US officials familiar with the analysis had verified the assessment’s broad conclusions, and CNN said it had confirmed the report.Nuclear threatThe development suggests North Korea is further along the path to having a deployable nuclear missile than had previously been acknowledged.Experts had until last month said it would take another two or three years for North Korea to develop a nuclear-tipped ICBM.That calculus suddenly changed after Pyongyang in July tested two ICBMs—the first time Kim had demonstrated such a capability.The first of these trials, which Kim described as a gift to “American bastards,” showed the rocket had the potential range to hit Alaska.The second rocket tested flew even longer, with some experts even suggesting New York could be vulnerable.Trump said Kim “has been very threatening beyond a normal state.”“As I said, they will be met with the fire and fury and, frankly, power,” he told reporters.The remarks mark a sharp rise in rhetoric from the United States. Administration comments have generally focused on finding non-military solutions.Congressman Eliot Engel, who is the Democratic senior member of the House Committee on Foreign Affairs, said Trump’s remarks sounded crazy, and chastised him for drawing an “absurd” red line that Kim would inevitably cross.“Make no mistake: North Korea is a real threat, but the president’s unhinged reaction suggests he might consider using American nuclear weapons in response to a nasty comment from a North Korean despot,” Engel said in a statement.Pentagon spokesman Lieutenant Colonel Chris Logan said the United States seeks a peaceful de-nuclearization of the Korean Peninsula, but he indicated military action is never off the table.“We remain prepared to defend ourselves and our allies and to use the full range of capabilities at our disposal against the growing threat from North Korea,” Logan said.Deputy Secretary of State John Sullivan said the department continues to work to make sure China and other countries enforce tough new sanctions.“We’re not going to come to the table until the North Koreans have committed to” stopping their missile tests, Sullivan said.The Post also reported that another intelligence assessment estimated that North Korea now has up to 60 nuclear weapons, more than previously thought.Technical hurdlesDespite the advance, North Korea still must overcome technical hurdles before it can claim to have perfected its nuclear weapons technology.After Kim’s second ICBM test, experts said it appeared the “re-entry vehicle” that would carry a warhead back into Earth’s atmosphere from space had failed.Without proper protection during a re-entry stage, a missile’s warhead would burn up.“North Korea likely made some of the key measurements required to define those extreme conditions during the two July tests, but I can’t imagine it has learned enough to confidently make a warhead that is small and light enough and sufficiently robust to survive,” Stanford University expert Siegfried Hecker said in an interview with the Bulletin of the Atomic Scientists.The former Los Alamos National Laboratory director said he did not think North Korea yet has sufficient missile or nuclear test experience “to field a nuclear warhead that is sufficiently small, light and robust to survive an ICBM delivery.”News that Kim appears to have produced a small nuclear warhead comes as international tensions flare around Pyongyang’s program.“Especially since last year, when it pushed ahead with two nuclear tests and launched more than 20 ballistic missiles, it has posed a new level of threat,” Japan’s defense ministry said in an annual report.North Korea has vowed that tough new UN sanctions agreed over the weekend would not stop it from developing its nuclear arsenal, rejecting talks and angrily threatening retaliation against the United States.