NMBZ Holdings Limited (NMB.zw) 2009 Annual Report

first_imgNMBZ Holdings Limited (NMB.zw) listed on the Zimbabwe Stock Exchange under the Banking sector has released it’s 2009 annual report.For more information about NMBZ Holdings Limited (NMB.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the NMBZ Holdings Limited (NMB.zw) company page on AfricanFinancials.Document: NMBZ Holdings Limited (NMB.zw)  2009 annual report.Company ProfileNMBZ Holdings Limited is a registered financial-services holding company in Zimbabwe; operating in the retail and commercial banking sector aswell as treasury, international banking and corporate finance through its principle subsidiary NMB Bank Limited. A second subsidiary, Steward Holdings (Private) Limited, is an equity holding company. Formerly known as National Merchant Bank of Zimbabwe Limited, NMB Bank Limited was established as a retail banking institution in 1992 by a group of Zimbabwe entrepreneurs who had held senior positions in renowned international financial institutions such as the World Bank and the International Finance Corporation. It was granted a commercial banking license in 1999 which enhanced its funding capacity and extended it product offering. NMB Holdings Limited is listed on the Zimbabwe Stock Exchange and London Stock Exchangelast_img read more

I think this FTSE 250 stock is high risk, but is it high reward?

first_img Enter Your Email Address Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Jabran Khan | Thursday, 16th April, 2020 | More on: CPI I think this FTSE 250 stock is high risk, but is it high reward? “This Stock Could Be Like Buying Amazon in 1997” I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Capita (LSE:CPI) is the major player in the UK’s outsourcing market. It is recognised as the largest business processing outsourcing and professional services company in the country. Capita’s clients include central and local governments as well as the private sector. Capita is not unfamiliar with controversy and poor performance. Is this stock worth a punt or is it one to avoid? For perspective, it is worth noting that the recent market crash saw near 60% wiped off its share price value. 5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Recent troublesThe last couple of years have been particularly tough for Capita. Back in 2018, following full-year losses of £513m, Capita launched a £700m fundraising campaign. At that point, the share price had seen a 70% decrease in the past year. Capita scrambled for these funds to avoid becoming a casualty of the government contractor crisis, like Carillion had just months earlier. The purpose of this money was to pay off climbing debts. Rising debt is always a red mark when I assess a company’s viability. Capital also needs to invest in technology as well as overseas growth, and to shift the group’s divisions to a more narrow focus. Rather than 40 divisions, Capita will narrow these down to software, HR, customer management, central and local government, and IT. If you were expecting to hear that 2019’s full-year results were better, based on the cash influx, you’d be disappointed. Capita reported a pre-tax loss of £62.6m, which was a huge drop from its 2018 profit of £272.6m. Even worse, its net debt rose from £466.1m to £790.6m. CEO Jon Lewis warned that more investment would be needed (which would ultimately require more fundraising) to continue the attempted turnaround. It sounds as though further injections of cash will be needed. Another red mark for me. Unfortunately, it seems Capita cannot curb its debt levels. There have also been revisions to previous guidance relating to the fundraising proceeds. The original £700m has been deemed not enough. The figure now stands at over £800m needed to continue plans. Most people understand market conditions change, but for me these are almost like broken promises. These are the types of issues that make me doubt Capita’s viability right now.COVID-19 and next stepsA trading update provided at the end of March provided an insight into the impact of the coronavirus on Capita. The firm has been asked to assist in the government response to the pandemic, which is positive. There is also plenty of liquidity, as well as an order book totalling over £6bn, to see the company through the crisis.Based on 2019 figures, Capita’s price-to-earnings ratio sits at below 3, which represents minimal risk. At the time of writing, the share price was trading at just over 40p per share. There is an opportunity here if you have a strong stomach and can handle some ups and downs. For me, however, Capita will be one to avoid just now. The recent climb in debt levels and the fact the company has admitted it will be seeking more funds to continue its rebuild are the major factors here. However, I do feel longer term there is an opportunity if things go right for Capita and its CEO’s plans. For that reason it will be one I will continue to closely monitor.center_img Jabran Khan has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. See all posts by Jabran Khan Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Image source: Getty Images Our 6 ‘Best Buys Now’ Shares Simply click below to discover how you can take advantage of this.last_img read more

Stock market crash 2 ahead! Here’s what I’d do now

first_img “This Stock Could Be Like Buying Amazon in 1997” See all posts by Anna Sokolidou Stock market crash 2 ahead! Here’s what I’d do now I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Image source: Getty Images Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee.center_img Our 6 ‘Best Buys Now’ Shares Stock market crash 2 is probably coming, but is not reflected in current share prices. There is no need to panic – I’ll explain why it is so and what I would do now.Reasons for stock market crash 2Even though the UK’s economy is opening up, it could still face the economic consequences of the lockdown for a long time. Some industries, such as airlines, might even take several years to recover. Some smaller businesses might go bankrupt in the near term. And it might take quite a while for the employees that used to work for those small businesses to find jobs. All this will have a prolonged negative effect on consumer demand, a key driver of economic growth.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Then, a second wave of Covid-19 is highly likely. If it happens, the UK economy might go through a prolonged lockdown again. This will probably worsen already poor economic conditions. Moreover, the Covid-19 pandemic has led to deteriorating relations between the US and China. Trade tensions between these two countries started back in early 2018. Before the coronavirus pandemic, the issues were all about tariffs. Now some countries are thinking of seeking compensation from China for covering up information about the spread of the coronavirus. Finally, there are risks of a hard Brexit. It is probably the most important threat for FTSE 100 companies and their shareholders. It seems to me that everyone has forgotten that the likelihood of a hard Brexit is high. The UK government appears to be unwilling to agree to any extension beyond the end of 2020. So, if no significant breakthrough is reached before the deadline, there will probably be a hard Brexit.All these factors could lead to stock market crash 2. And the recent FTSE 100 rebound could just simply be a bear market rally, a rally before the second part of the crash. We should remember that bear market rallies have happened in the past and it might take a long time for stock indexes to recover.But they will eventually recover.Here’s what I’d do nowThe most important things I’d do now is to invest for the long term when shares appear cheap enough. I know it is easy to say but hard to do. Psychologically, many people become greedy when they should be fearful and vice versa. You should be prepared for the market crashing and ready to take advantage of the situation.In order to do so, you have to keep some spare cash available to invest. I wouldn’t spend my entire savings to buy shares now. Instead, I’d spend a small amount of money to buy stock in undervalued companies.Investors should always remember that ‘good’ companies with a future usually recover and flourish even after awful recessions. So, choosing the ‘right’ stocks is essential.My colleague Jonathan came up with a very good idea of investing in large UK-focused Footsie companies. It would protect investors’ money when global economic risks linger. However, this is just one strategy. You could retire early in spite of all the risks mentioned above even if you buy international companies, as long as they are large and profitable. Simply click below to discover how you can take advantage of this. Enter Your Email Address I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Anna Sokolidou | Saturday, 6th June, 2020 last_img read more

Second stock market crash: will it really begin in July as this man predicts?

first_img Image source: Getty Images. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Second stock market crash: will it really begin in July as this man predicts? Enter Your Email Address See all posts by Kevin Godbold Our 6 ‘Best Buys Now’ Shares Kevin Godbold | Thursday, 16th July, 2020 I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement.center_img Investors have been fretting about the possibility of a second stock market crash in 2020 for some time. Meanwhile, the US stock market has been shooting higher. Some believe optimism about the development of a vaccine for Covid-19 is driving stocks up.Indeed, if one of the many development programmes delivers a safe and effective vaccine to the world anytime soon, our economic worries will likely begin to fall away. And shares will probably advance higher because of progress in the businesses behind stocks.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…A second stock market crash may be imminentBut this week, CNBC’s Jim Cramer pointed to prominent, long-time chartist Larry Williams who reckons the current rally in the markets will be short-lived.  Williams is being specific. He reckons the S&P 500 index in the US will climb for a week or two and then begin to roll over around 28 July.I admit I’m not a big fan of charting and tend to base investments on the fundamentals underpinning a business. For example, it’s opportunities in the markets served and valuations as assigned by the stock market and reflected in share prices. However, it seems clear that part of what drives the stock market is investor speculation, and charts can be useful for gauging that.Williams is studying the American stock market and not the indices here in the UK. But there’s no denying that UK shares, in general, tend to follow the US markets, at least in the short term. So, is Williams onto something, and should we hunker down for another plunge in shares?He focuses on seasonal patterns of the market and reckons July tends to be a bullish month for stocks. So far in the US markets, that’s happened this year. Although in the UK, the FTSE 100 has been volatile. But, charting prior ups and downs, Williams reckons the market could peak near its old highs near the end of July. Ominously, he thinks those levels “will be fleeting,” according to Cramer.  The longest bull run in recorded historyThe S&P 500 index is close to its all-time closing high of 3,386. That level was achieved in February before Covid-19 caused the markets to plunge in the spring. The high marked the end of “the longest bull run in recorded history,” noted Cramer.It does seem to me the ducks are lining up for a pullback in the markets across the pond. And indices and share prices often bounce back from previous highs before resuming their upwards trajectory.  On top of that, there’s a strong argument that speculation in the US markets has driven valuations too high.Neither Williams nor Cramer attempted to quantify the pullback they think is coming. But Cramer said Williams expects it “to hurt.” So, I’m preparing for any weakness in the stock market, or indeed a second crash this year.As usual, I’m doing so by working hard on my watch list of quality shares so I’m ready to pounce if the market offers me a bargain. I’m also focusing on investing for the long term. Markets around the world are reeling from the coronavirus pandemic…And with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be daunting prospect during such unprecedented times.Fortunately, The Motley Fool is here to help: our UK Chief Investment Officer and his analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global lock-down…You see, here at The Motley Fool we don’t believe “over-trading” is the right path to financial freedom in retirement; instead, we advocate buying and holding (for AT LEAST three to five years) 15 or more quality companies, with shareholder-focused management teams at the helm.That’s why we’re sharing the names of all five of these companies in a special investing report that you can download today for FREE. If you’re 50 or over, we believe these stocks could be a great fit for any well-diversified portfolio, and that you can consider building a position in all five right away. Simply click below to discover how you can take advantage of this. Click here to claim your free copy of this special investing report now! Kevin Godbold has no position in any share mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. 5 Stocks For Trying To Build Wealth After 50last_img read more

MFH Dali Rain / dolmus Architekten

first_img Area:  1500 m² Year Completion year of this architecture project Save this picture!© Aytac Pekdemir+ 20 Share CopyApartments•Rain, Switzerland 2016 “COPY” Photographs Year:  Projects Switzerland Photographs:  Aytac PekdemirSave this picture!© Aytac PekdemirRecommended ProductsMetallicsStudcoWall Stop Ends – EzyCapCeramicsApavisaTiles – JewelsWoodEGGERLaminatesWoodBruagBalcony BalustradesSave this picture!© Aytac PekdemirText description provided by the architects. The densification on the main street is carried out by a volumetrically structured building. The North facade leans against the street space in the same degree as the historic buildings. The south facade with the staggered balconies is free of any formal conditions.Save this picture!© Aytac PekdemirSave this picture!SectionSave this picture!© Aytac PekdemirProject gallerySee allShow lessBehind The Scenes at Studio GangArticlesPeter Cook is Concerned By Contemporary Drawing Culture, And Here’s WhyArchitecture NewsProject locationAddress:6026 Rain, SwitzerlandLocation to be used only as a reference. It could indicate city/country but not exact address. Share MFH Dali Rain / dolmus Architekten “COPY” ArchDaily ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/870459/mfh-dali-rain-dolmus-architekten Clipboard Apartments ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/870459/mfh-dali-rain-dolmus-architekten Clipboard MFH Dali Rain / dolmus ArchitektenSave this projectSaveMFH Dali Rain / dolmus Architekten Architects: dolmus Architekten Area Area of this architecture project CopyAbout this officedolmus ArchitektenOfficeFollowProductConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousingApartmentsRainSwitzerlandPublished on May 04, 2017Cite: “MFH Dali Rain / dolmus Architekten” 04 May 2017. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogAluminium CompositesTechnowoodHow to Design a Façade with AluProfile Vertical ProfilesRailing / BalustradesMitrexIntegrated Photovoltaic Railing – BIPV RailingMetal PanelsAurubisCopper Alloy: Nordic RoyalShelvingZeitraumWardrobe – Hide & ParkSignage / Display SystemsGoppionDisplay Case – Qd-ClassConcrete FloorsSikaIndustrial Floor CoatingsStonesCosentinoSurfaces – Silestone® Stone SeriesWindowsOTTOSTUMM | MOGSWindow Systems – FerroFinestra W20Panels / Prefabricated AssembliesULMA Architectural SolutionsMIS Facade PanelUrban ShadingPunto DesignPavilion – TentChairsInterstuhlConference Chair – Low With CastorsWoodreSAWN TIMBER co.Pre-Weathered Wood CladdingMore products »Save想阅读文章的中文版本吗?交错公寓 / dolmus Architekten是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more

Big Lottery Fund to “adopt the principle of full cost recovery”

first_img Howard Lake | 1 February 2005 | News  14 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Big Lottery Fund to “adopt the principle of full cost recovery” 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. National Lottery distributor The Big Lottery Fund has announced that, given the results of phase one of its national public consultation, it will “adopt the principle of full cost recovery by allowing all legitimate overhead costs to be recovered by voluntary and community organisations.”This development, long requested by fundraisers of many grantmakers, is one of a series of changes to the Big Lottery Fund’s grantmaking that will be introduced following the first results from the distributor’s six month nationwide public consultation.The Fund says that in future its grant programmes will be “flexible, demand-led and customer friendly.” Advertisement AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis In practice, this means that the Fund willintroduce more flexibility in the length of funding.strengthen its regional offices to increase the emphasis on policy development, outreach, partnerships and external relations.establish two operational centres in Newcastle and Birmingham to make it easier to access funding and to ensure a strong, unified funding policy.As the consultation results were announced, the Fund re-stated its undertaking to direct 60-70% of all its funding to voluntary and community organisations. It also re-confirmed that it will continue to fund research and international projects.Sir Clive Booth, the Big Lottery Fund’s Chair, said: “Over the next few months, my Board will begin to work up our portfolio of new programmes. In March and May, we will consider in more detail how our funding programmes will be designed, taking full account of the outcomes of the phase two consultation, which will be published in May. And we will begin to launch our new programmes from this summer.”The first stage of the consultation received over 2,900 responses over six months. The Board’s decisions, based on this consultation, will affect grantmaking between 2005 and 2009.last_img read more

Report reveals how grantmakers use and share evidence on what works

first_img Do funders know enough about what works? The report found:·         Funders could make better use of the evidence they do hold by sharing it more widely. While funders regularly share evidence with other funders, they are not always as active in sharing evidence with practitioners and policymakers.·         Funders are keen to know and share what works, but may have limited knowledge about the relative impact and cost effectiveness of different interventions.·         Funders draw on a wide range of evidence sources to inform strategic reviews and funding programmes; they also place significant emphasis on staff expertise to assess individual funding bids.·         The main types of evidence that funders use (e.g. scoping, synthesis, application forms) are different to the main types of evidence they generate (e.g. impact reporting) and share with others (e.g. evaluations).·         Grantees may be nervous about sharing evidence with funders and their evidence can be of variable quality – funders need mechanisms to help address this. Questions for fundersThe report includes a number of questions for grantmaking organisations to consider in view of the research findings. These include: what counts as evidence and what counts as ‘good enough’? AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis1 What funding, policy or other barriers do your grantees face that limit their impact or scale? Could there be added value in sharing more of the evidence you receive and use with others? Howard Lake | 24 July 2013 | News How confident are you about the evidence gleaned from your grantees? can funders spot the difference between grant recipients providing good evidence and those achieving good outcomes? 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. Report reveals how grantmakers use and share evidence on what works will a move towards more evidence-based funding act as a straitjacket on innovation, especially for smaller grantmakers and recipients? The report covers a range of issues and challenges faced by funders in gathering, interpreting and sharing evidence, including: Other opportunitiesThe report, which concludes with a literature review, also highlights the potential for funders of open data, the new What Works centres, and social media and online evidence tools.The report, while aimed at funders, also makes useful reading for fundraisers seeking funding, especially those who recognise that impact reporting is likely to become more important for more funders.  30 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis1 The Alliance for Useful Evidence has published a report that looks at how a small group of UK grantmaking organisations use and share evidence on how their funding works.The 26-page report ‘The secrets of success? How funders use and share evidence in practice’ reveals what evidence they draw on, how they find it, and how they use it. It also looks at how they share this evidence to inform the decisions of others, including funders, practitioners and policymakers.The Alliance is an open–access network of 1,000 individuals from across government, universities, charities, business and local authorities in the UK and internationally. It champions the use of evidence in social policy and practice. It is funded by the BIG Lottery Fund, the Economic and Social Research Council and Nesta. Advertisementlast_img read more

TPS Supporters Launch Nationwide ‘La Libertad’ Bus Campaign From Pasadena

first_img Your email address will not be published. Required fields are marked * Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena More Cool Stuff Families from the National TPS Alliance protest the recent the 9th district court decision at the Richard H. Chambers United States of Appeals building in Pasadena, on Monday, September 21, 2020. (Photo by James Carbone) Top of the News Ahilan Arulanantham the senior Council for ACLU Southern California and the attorney for TPS, gives his support during a rally protesting the recent the 9th district court decision at the Richard H. Chambers United States of Appeals building in Pasadena, on Monday, September 21, 2020. (Photo by James Carbone) The bus “La Libertad” is parked at the Richard H. Chambers United States of Appeals building in Pasadena during a press conference to launch the TPS bus tour that will visit 54 cities in 32 states in response to the 9th district court decision, on Monday, September 21, 2020. (Photo by James Carbone) Dozens of supporters gathered Monday morning at the U.S. Court of Appeals in Pasadena to send off TPS (Temporary Protective Status) holders, who planned to caravan through historic spaces in Los Angeles before its bus, “La Libertad,” departed for San Francisco.The caravan is in response to the recent Ninth Circuit Court of Appeals decision in the Ramos v. Nielsen lawsuit over temporary protective status.The decision will allow the Trump administration to move forward with efforts to potentially deport over 250,000 citizen children, according to National TPS Alliance representatives. Most TPS beneficiaries have until March 5, 2021 to begin repatriation, with the exception of Salvadorans, who have until November 2021.Twenty riders on the “La Libertad” bus will ride across the nation from Sept. 21 to Nov. 13. The journey will cover 54 cities in 20 states, ending in Washington D.C.“This is our journey on the road to justice, and we have three goals,” Pablo Alvarado, of the Pasadena office of the National Day Laborer Organizing Network, said Monday. “The first is that after two decades of working hard, these TPS holders deserve permanent residency status. The second is that anyone who is able in this country needs to vote on Nov. 3. Don’t stay home.”Finally, said Alvarado, “The COVID-19 pandemic is affecting low-income workers and people of color disproportionately, and that needs to change.”The riders and supporters are a coalition of activists from groups that include: the Ramos v Nielsen plaintiffs; Ahilan Arulanantham, Legal Defense Representative with the ACLU; the National TPS Alliance; the Central American Resource Center of Los Angeles; the National Day Laborer Organizing Network; the Haitian Bridge Alliance; the AFL CIO; the Teamsters; and the Los Angeles Alliance for a New Economy. Community News Make a comment Families from the National TPS Alliance protest the recent the 9th district court decision at the Richard H. Chambers United States of Appeals building in Pasadena, on Monday, September 21, 2020. (Photo by James Carbone) ‹› EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Subscribe The bus “La Libertad” is parked at the Richard H. Chambers United States of Appeals building in Pasadena during a press conference to launch the TPS bus tour that will visit 54 cities in 32 states in response to the 9th district court decision, on Monday, September 21, 2020. (Photo by James Carbone)center_img Name (required)  Mail (required) (not be published)  Website  Members of TPS pack the “La Libertad” bus as it gets ready for the TPS bus tour that will visit 54 cities in 32 states in response to the 9th district court decision, at the Richard H. Chambers United States of Appeals building in Pasadena, on Monday, September 21, 2020. (Photo by James Carbone) STAFF REPORT Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Donald CommunityPCC- COMMUNITYVirtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Herbeauty15 Beauty Secrets Only Indian Women KnowHerbeautyHerbeautyHerbeautyThis Trend Looks Kind Of Cool!HerbeautyHerbeautyHerbeauty8 Easy Exotic Meals Anyone Can MakeHerbeautyHerbeautyHerbeautyIs It Bad To Give Your Boyfriend An Ultimatum?HerbeautyHerbeautyHerbeauty15 Countries Where Men Have Difficulties Finding A WifeHerbeautyHerbeautyHerbeautyInstall These Measures To Keep Your Household Safe From Covid19HerbeautyHerbeauty 15 recommended0 commentsShareShareTweetSharePin it STAFF REPORT First Heatwave Expected Next Week Community News Community News TPS Supporters Launch Nationwide ‘La Libertad’ Bus Campaign From Pasadena Nationwide bus tour is in response to recent Appeals Court decision in TPS case removing protective status By ANDRÉ COLEMAN, Managing Editor Published on Monday, September 21, 2020 | 1:13 pm Business News The bus “La Libertad” is parked at the Richard H. Chambers United States of Appeals building in Pasadena during a press conference to launch the TPS bus tour that will visit 54 cities in 32 states in response to the 9th district court decision, on Monday, September 21, 2020. (Photo by James Carbone) CITY NEWS SERVICE/STAFF REPORT Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Supporters of the National TPS Alliance protest the recent the 9th district court decision at the Richard H. Chambers United States of Appeals building in Pasadena, on Monday, September 21, 2020. (Photo by James Carbone) Families from the National TPS Alliance protest the recent the 9th district court decision at the Richard H. Chambers United States of Appeals building in Pasadena, on Monday, September 21, 2020. (Photo by James Carbone)last_img read more

GST Rate & HSN Code Requisite In Notice Inviting Tenders To Ensure Level Playing Field: Allahabad High Court

first_imgNews UpdatesGST Rate & HSN Code Requisite In Notice Inviting Tenders To Ensure Level Playing Field: Allahabad High Court Sanya Talwar21 Dec 2020 4:55 AMShare This – xThe High Court of Allahabad has held that bidders are required to mention the GST Rate and the HSN Code in the Notice Inviting Tender to ensure uniform bidding from all participants.A bench of Justices Sunita Agarwal & Jayant Banerji has held that the same is necessary in order to ensure that all tenderers and bidders are provided a “level playing field”.”The mentioning of the HSN Code in…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 High Court of Allahabad has held that bidders are required to mention the GST Rate and the HSN Code in the Notice Inviting Tender to ensure uniform bidding from all participants.A bench of Justices Sunita Agarwal & Jayant Banerji has held that the same is necessary in order to ensure that all tenderers and bidders are provided a “level playing field”.”The mentioning of the HSN Code in the tender document itself shall resolve all disputes relating to fairness and transparency in the process of selection of bidder, by providing ‘level playing field’ to all bidders/tenderers in the true spirit of Article 19(1)(g) of the Constitution of India,” the bench said.The court has extrapolated on the legal position in light of the facts and circumstances of the case – “whether the the classification of HSN Code is integral to the tendering process, i.e., whether it has an impact on the selection of tenderers or the choice of tenderers while ranking them after opening the financial bids”.The Respondent, Diesel Locomotive Works Varanasi published a notice inviting e-tender for procurement of Turbo Wheel Impeller Balance Assembly. The petitioner contended that the a circular issued by the Railway Board indicates that bidders were required to specify the percentage of local content in the material being offered in accordance with the Make in India policy and as the value of GST was not mentioned in the bidding documents, those bidders which had quoted a lower GST rate could have outbid the petitioner. Respondent No. 6 (Krishna Bearing) had quoted a GST rate of 5% while the petitioner Bharat Forge, quoted a GST rate of 18%, organically increasing the total bidding price of the Petitioner.It was further contended that the GST rates of the products and services have been duly clarified/fixed by the Goods and Services Tax Council, using the Harmonized System of Nomenclature (HSN) Codes for each product/service, to specify the rates at which GST would be applicable. The Petitioner quoted the applicable rate of GST Value at 18%, even in the absence of the HSN codes for each product or service by the Respondent Company.It was pointed out that neither the NIT (Notice inviting tender) nor the tender document published by respondent no.1 mentioned the relevant HSN code applicable to the procurement product.In light of the above facts, Court, relied on Reliance Engery ltd and another vs Maharshtra State Road Development Corporation ltd and others reported in (2007) 8 SCC 1 which held that ‘Level playing field’ is an important concept while construing Article 19(1)(g) of the Constitution of India. When Article 19(1)(g) confers financial right to carry on business to a company, it is entitled to invoke the doctrine of ‘level playing field’.Court held that there will be disparity in the total price offered on account of difference in the GST rates quoted by each bidder and that the fair competition or ‘level playing field’, would, therefore, be denied to each bidder as someone may bag the tender by quoting lesser rate of GST (lesser GST value), which may result in substantial difference in the total price offered by bidders/tenderers. In this light, court went on to explain that,”The HSN code (Harmonized System of Nomenclature) is provided for each product/service by GST Council to specify the rate at which GST would be applicable. The suppliers have to quote HSN Code of the product to be supplied by them in the tender document, itself. The mentioning of correct HSN Code is necessary to determine the GST rate (GST value) which is to be added in the base price to arrive at the final price offered by the bidder/tenderer.”Court further noted that mentioning the GST rate or HSN Code in the tender document is integral to the process of selection of tenderer and directed Diesel Locomotive Works to mention the same in the NIT.Click Here To Download JudgmentNext Storylast_img read more

Breaking: Young family have lucky escape after home destroyed by fire

first_img Twitter AudioHomepage BannerNews Arranmore progress and potential flagged as population grows Google+ Pinterest Facebook Facebook Publicans in Republic watching closely as North reopens further Pinterest Nine til Noon Show – Listen back to Monday’s Programme WhatsApp Breaking: Young family have lucky escape after home destroyed by firecenter_img RELATED ARTICLESMORE FROM AUTHOR A young family are said to have had a lucky escape after their home was gutted in an overnight house fire in Culdaff. The alarm was raised at around 2.30 this morning and while the emergency services reportedly attended the scene within the minutes, the fire had already destroyed the house.A mother and her three young children managed to escape the fire uninjured.An investigation is ongoing to determine what caused the blaze.Local Cllr Bernard McGuinness has been praising the prompt response of the fire service and says its a miracle that lives weren’t lost:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2018/10/culdaff1pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Google+ By News Highland – October 12, 2018 WhatsApp Previous articleGo ahead given to prescribe medicinal cannabis in NINext article€20,000 for urgent repair works at Donegal Parish Church News Highland Twitter Loganair’s new Derry – Liverpool air service takes off from CODA Community Enhancement Programme open for applications Important message for people attending LUH’s INR clinic last_img read more