first_imgStandard Alliance Insurance Plc (STDINS.ng) listed on the Nigerian Stock Exchange under the Insurance sector has released it’s 2013 abridged results.For more information about Standard Alliance Insurance Plc (STDINS.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Standard Alliance Insurance Plc (STDINS.ng) company page on AfricanFinancials.Document: Standard Alliance Insurance Plc (STDINS.ng)  2013 abridged results.Company ProfileStandard Alliance Insurance Plc is an insurance company in Nigeria offering general and risk insurance as well as life assurance and annuity products and services for corporate and high net-worth individuals. Home insurance products cover homeowners, burglary and housebreaking, fire and special perils, risk and computer/electronics insurance. Business insurance products include professional indemnity, consequential loss, goods-in-transit, machinery breakdown, public/product liability, contractors all-risk and fidelity guarantee insurance. Engineering insurance products cover erection and plant all-risks insurance. Special risk insurance covers boiler and pressure vessels, marine cargo and hull, oil and gas, aviation insurance, travel and compulsory insurance. Formerly known as Jubilee Insurance Company Limited, the company changed its name to Standard Alliance Insurance Plc in 1996. The company’s head office is in Lagos, Nigeria. Standard Alliance Insurance Plc is listed on the Nigerian Stock Exchangelast_img read more

first_imgTropical Paradise Co Ltd (TPL.mu) listed on the Stock Exchange of Mauritius under the Tourism sector has released it’s 2014 abridged results.For more information about Tropical Paradise Co Ltd (TPL.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the Tropical Paradise Co Ltd (TPL.mu) company page on AfricanFinancials.Document: Tropical Paradise Co Ltd (TPL.mu)  2014 abridged results.Company ProfileTropical Paradise Co Limited  engages in the tourism and leisure sector where it operates hotels in Mauritius. Headquartered in Moka, Mauritius, the company operates the Labourdonnais Waterfront Hotel, Le Suffren Hotel & Marina, Hennessy Park Hotel, and Port Chambly Hotel. Tropical Paradise Co Limited (Ordinary) is listed on the Stock Exchange of Mauritius.last_img read more

first_img Please enter your comment! By Sascha Meinrath, Director of X-Lab; Palmer Chair in Telecommunications, Pennsylvania State University, and Natalia Foditsch, Ph.D. Student in Law and Communications, American University and first published on theconversation.comThe internet may be an international system of interconnecting networks sharing a rough global consensus about the technical details of communicating through them – but each country manages its own internet environment independently. As the U.S. debate about the role of government in overseeing and regulating the internet continues, it’s worth looking at how other countries handle the issue.Our research and advocacy on internet regulation in the U.S. and other countries offer us a unique historical and global perspective on the Federal Communications Commission’s December 2017 decision to deregulate the internet in the U.S. The principle of an open internet, often called “net neutrality,” is one of consumer protection. It is based on the idea that everyone – users and content providers alike – should be able to freely spread their own views, and consumers can choose what services to use and what content to consume. Network neutrality ensures that no one – not the government, nor corporations – is allowed to censor speech or interfere with content, services or applications.As the U.S. continues to debate whether to embrace internet freedom, the world is doing so already, with many countries imposing even stronger rules than the ones the FCC did away with.The US as trailblazer and laggardBefore 2015, many internet businesses in the U.S. discriminated against or blocked customers from particular legal uses of the internet. In 2007 Comcast illegally blocked its customers from sharing files between themselves. In 2009, AT&T blocked access to Skype and FaceTime apps on its network. In 2011, MetroPCS blocked its customers from streaming Netflix and all other streaming video except YouTube (possibly due to a secretly negotiated deal). In 2012, Verizon disabled apps that let customers connect computers to their mobile data service. There were many other violations of the principle of net neutrality, too.Customers and regulators tried to control these discriminatory practices over many years of public deliberation and multiple court cases. In 2015, under the Obama administration, the FCC finalized the Open Internet Order, a set of rules barring internet service providers from speeding up or slowing down traffic based on its content or whether the companies posting it had paid extra to the company delivering the data. It was far from perfect – but nonetheless a giant leap forward.In early 2017, after his inauguration, President Trump appointed Ajit Pai, a former Verizon lawyer, as the FCC chairman. Pai, an Obama appointee to the FCC who had voted against the Open Internet Order in 2015, has moved rapidly to undo it. He and some other commentators believe that customers will get better service from a less-regulated market, ignoring that the rules only emerged in the wake of problems and consumer complaints.Pai’s proposal has been criticized by former FCC Chairman Tom Wheeler as “a shameful sham and sellout” to big telecommunications companies. A who’s-who list of the people who invented the technologies and systems underlying the internet denounced Pai’s policy as “based on a flawed and factually inaccurate understanding of internet technology.”Other countries are facing similar dilemmas about how to deal with today’s digital realities, and are slowly and individually contributing to a patchwork of laws that differ from country to country. But many highly industrialized and rapidly developing countries share a general consensus that regulations ensuring an open internet are good for consumers and for civil society.Opening the internet Brazilian-styleBrazil’s Civil Rights Framework for the Internet, enacted in 2014 and further refined in 2016, only allows internet service companies to prioritize certain types of traffic for technical reasons – such as overloaded networking capacity – or to allow network use by emergency services.Yet, the country has been reluctant to enforce these rules and hold violators to account. Much like in the U.S., there is increasing concern that industry power has overwhelmed government regulatory agencies. Some of the largest telecommunications companies have been providing their mobile internet customers with preferential access to content on sites and services owned by business partners. Many Brazilian consumer rights groups are particularly alarmed because the companies receiving this privileged treatment are all large foreign corporations, including Facebook, WhatsApp, Twitter and music-streaming service Deezer (the only non-U.S. company).In addition, there are proposals in the works that would grant tens of millions of dollars in publicly owned telecommunications infrastructure to private companies for free. Brazilian internet freedom is further at risk because the country’s telecommunications companies are planning to insist that its regulators align with the weakened U.S. rules.Active enforcement in EuropeThe European Union approved strong rules in 2015, requiring companies that provide internet access to handle all traffic equally, leaving flexibility to restrict traffic when network equipment was operating at its maximum capacity. EU rules also allow traffic restrictions to protect network security and handle emergency situations.In 2016, European Union electronic communications regulators detailed potential problemsin agreements between telecommunications companies and content providers. And they explained that quality of service could vary, but no specific applications should be discriminated against.In 2017, they highlighted the importance of Europe’s emphasis on proactively monitoringcompliance with net neutrality rules, rather than waiting for violations to happen before reacting. This gives European residents much stronger consumer protection than exists in the U.S.India takes a standIndia has taken similarly strong steps. In 2016, the Telecom Regulatory Authority of India approved rules stating that “no service provider shall offer or charge discriminatory tariffsfor data services on the basis of content.” In November 2017, the agency also issued “recommendations on net neutrality,” laying out rules of the road for internet service providers that incorporate substantial protections against content and application discrimination.Indian regulators are looking to balance consumer and corporate priorities in areas such as security, privacy and ownership of data. Moreover, they are considering adopting regulations to spur competition in mobile data services.Most importantly, Indian regulators make very clear that companies providing internet service should not do anything “that has the effect of discriminatory treatment based on content, sender or receiver, protocols or user equipment.” This puts openness at the core of internet service, the sort of clear consumer protection that public interest advocates and academics have called for.The U.S. isn’t an islandThe U.S. internet industry is a powerful global force, with billions of users of its websites and online services all around the world. Further, the U.S. government has traditionally been a leader in developing policies that balance free speech, consumer protection and other civil rights with strong opportunities for research and business innovation – but this too is now in decline.Net neutrality protections might not be so necessary if the broadband market were more competitive. But 29 percent of Americans have no options for getting high-speed wired internet service at home. Another 47 percent have just one choice – and 20 percent have just two.The telecommunications industry continues to consolidate – though the U.S. Department of Justice is trying to block the pending AT&T-Time Warner merger. In this market with few providers, and many companies seeking profits by promoting their own content via their own networks, net neutrality protections will only become more important – not less so.Lastly, legally speaking, policy and regulatory decisions made in the U.S. don’t hold any direct power in other countries. However, domestic rules about the internet will indeed affect the global conversation around net neutrality. What the U.S. decides, through the FCC, the courts and potentially even through Congress, will determine whether U.S. leadership on the internet remains strong, or whether it will cede ground to other countries willing to protect their citizens. UF/IFAS in Apopka will temporarily house District staff; saves almost $400,000 Gov. DeSantis says new moment-of-silence law in public schools protects religious freedom Save my name, email, and website in this browser for the next time I comment. Please enter your name here Opinioncenter_img Florida gas prices jump 12 cents; most expensive since 2014 Share on Facebook Tweet on Twitter You have entered an incorrect email address! Please enter your email address here TAGSNet-Neutralitytheconversation.com Previous articleFlorida Highway Patrol: Drive sober or get pulled overNext articleCookies and Milk with a Cop this morning Denise Connell RELATED ARTICLESMORE FROM AUTHOR LEAVE A REPLY Cancel replylast_img read more

first_imgProducts used in this ProjectWindowspanoramah!®ah!38 – FlexibilityThe Water / Cherry House by Japanese firm Kengo Kuma Associates is located on a cliff along one of Japan’s many beautiful coastlines. The home is a series of separate enclosures connected by open-air walkways that run between water and rock landscapes, fusing interior and exterior spaces into one. Various screens in the house can be opened to further connect living spaces with the outdoors, exposing panoramic vistas onto the home’s lush, peaceful surroundings to create a structure that is truly in tune with its natural environment. Check out this video by JA+U for a tour!Landfill Reclaimation: Fresh Kills Park Develops as a Natural Coastal Buffer and Par…Architecture NewsFilms & Architecture: “The Fifth Element”Articles Share Written by Barbara PoradaMarch 02, 2013 Share CopyAbout this authorBarbara PoradaAuthorFollow#TagsNewsArchitecture NewsResidential ArchitectureHousesJapanKengo Kuma AssociatesJA+UCite: Barbara Porada. “Video: Water / Cherry by Kengo Kuma Associates” 02 Mar 2013. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogAluminium CompositesTechnowoodWood Siding in KSR Villa BodrumPlasticsMitrexSolar SidingMetal PanelsAurubisOxidized Copper: Nordic BrownEnclosures / Double Skin FacadesCupa PizarrasCupaclad® 101 Random in Les PalmiersUrban ApplicationsIsland Exterior FabricatorsPublic Safety Answering Center II Envelope SystemConcreteKrytonConcrete Hardening – Hard-CemSkylightsVELUX CommercialModular Skylights – Ridgelight 25-40°Porcelain StonewareGrespaniaPorcelain Tiles – Coverlam ImperialWindowspanoramah!®ah! Vertical SlidingFastenersSchöckConcrete Façade Fasteners – Isolink®CarpetsFabromont AGTextile Floor Covering – Arena®CoatingsFormicaLaminate – ColorCore®2More products »Please enable JavaScript to view thecomments powered by Disqus.Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?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 stream Copy Products translation missing: en-US.post.svg.material_description “COPY” ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/339130/video-water-cherry-by-kengo-kuma-associates Clipboard Video: Water / Cherry by Kengo Kuma AssociatesSave this articleSaveVideo: Water / Cherry by Kengo Kuma Associatescenter_img Architecture News “COPY” ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/339130/video-water-cherry-by-kengo-kuma-associates Clipboard Video: Water / Cherry by Kengo Kuma Associates ArchDailylast_img read more

first_img 2015 Photographs:  João Carmo SimõesProject Coordinator:Bruno AntãoCollaborators:Pedro Gonçalves, João BagorroEngineering:Fernando Rodrigues, Cristina Martinho, Mário Boucinha, João GuimarãesLandscape:Catarina Assis PachecoConstruction Company:Manuel Mateus FrazãoArchitect In Charge:Pedro DomingosCity:OeirasCountry:PortugalMore SpecsLess SpecsSave this picture!© João Carmo SimõesRecommended ProductsMetallicsKriskadecorMetal Fabric – Outdoor CladdingWindowsJansenWindows – Janisol PrimoWindowsVEKAWindows – SOFTLINE 82 ADWindowsRabel Aluminium SystemsMinimal Casement Windows – Rabel 8400 Slim Super Thermal PlusText description provided by the architects. The house is anchored to an interior patio with 11.5m x11.5m x 5.75m.The patio acts as the center of the house, an outdoor room. A space built in reference to the atmosphere of the traditional mediterranean patio, defining a place of intimacy, light and shadow.Save this picture!© João Carmo SimõesThe house is organized around the patio, through a path from the common areas, in the south/east, to the most private rooms in the north.Save this picture!© João Carmo SimõesThe house is lived as a continuous space without interior doors, with different heights and atmospheres in order to define its use. The central patio is the only autonomous space where the physical boundary is precise and defined.Save this picture!Ground Floor PlanThe construction is simple and austere, emphasizing the pure qualities of light, shadow and space, looking for a constructive and economic optimization: concrete structure; interior and exterior walls with pigmented plaster; inside floors finished with pigmented concrete; ceilings with exposed natural concrete; frames with fixed glass and metal doors.Save this picture!AxonometricProject gallerySee allShow lessChesa Gabriel / Corinna Menn ArchitektenSelected ProjectsRAW Architecture’s Office / Realrich Architecture WorkshopSelected Projects Share Save this picture!© João Carmo Simões+ 50 Share Photographs House in Oeiras / Pedro Domingos arquitectos Area:  220 m² Year Completion year of this architecture project House in Oeiras / Pedro Domingos arquitectosSave this projectSaveHouse in Oeiras / Pedro Domingos arquitectos Houses CopyHouses•Oeiras, Portugal “COPY” ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/787812/house-in-oeiras-pedro-domingos-arquitectos Clipboard Year:  ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/787812/house-in-oeiras-pedro-domingos-arquitectos Clipboard Projects ArchDaily Architects: Pedro Domingos Arquitectos Area Area of this architecture project Portugal “COPY” CopyAbout this officePedro Domingos ArquitectosOfficeFollowProductConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesOeirasPortugalPublished on May 22, 2016Cite: “House in Oeiras / Pedro Domingos arquitectos” 22 May 2016. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogPartitionsSkyfoldChoosing the Skyfold Wall for Your SpaceGlass3MSun Control Film – Prestige ExteriorShowerhansgroheShowers – Croma SelectWall / Ceiling LightsSpectrum LightingLED Downlight – Infinium 3″ Round FlangelessVentilated / Double Skin FacadeCosentinoDekton Cladding in LD Sevilla hotelSealantsSikaJoint SealingBeams / PillarsLunawoodThermowood Frames and BearersPorcelain StonewareApariciPorcelain Tiles – MarblesCeramicsTerrealTerracotta Facade in Manchester HospitalWindowspanoramah!®ah! CornerHome AppliancesGIRAGira Keyless in – Door communicationLightsLinea Light GroupIntegrated Lighting – Fylo+More products »Read commentsSave想阅读文章的中文版本吗?葡萄牙 Oeiras 住宅 / Pedro Domingos arquitectos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

first_imgFacebook Twitter Jaelan Austin runs the ball in the third quarter of the Alamo Bowl on January 2nd, 2015. ReddIt Quarterback Bram Kohlhausen looks down the line before calling a play and leading the frogs to victory in the Alamo Bowl on January 2nd, 2016. Aaron Greene completed 101 yards rushing and 56 yards receiving to help the frogs claim the Alamo Bowl win. Oregon’s offense in the first half puts them at a 31-0 lead over the Horned Frogs going into halftime. Frogs, Ducks both have San Antonio connections Sarah Breunerhttps://www.tcu360.com/author/sarah-breuner/ A two-yard touchdown run by Aaron Green, followed by a two point conversion, cuts the lead to three with only minutes remaining in the 4th quarter. Frogs drop to No. 18 in ranking despite win Oregon fans high five in the first half, when the Ducks shut out the TCU Frogs 31-0 in the 2016 Valero Alamo Bowl in the San Antonio Alamodome on Jan. 2, 2016. TCU quarterback Bram Kohlhausen led the Frogs to a win in the Valero Alamo Bowl in the San Antonio Alamodome on Jan. 2, 2016. Bram Kohlhausen leads the team to victory in a triple overtime win against Oregon in the Alamo Bowl. Spirited Oregon fans watch the Valero Alamo Bowl in the San Antonio Alamodome on Jan. 2, 2016. Quarterback Bram Kohlhausen leads the team to victory in the Alamo Bowl on January 2nd, 2016. TCU baseball finds their biggest fan just by saying hello Quarterback Bram Kohlhausen won offensive player of the game in the Valero Alamo Bowl in the San Antonio Alamodome on Jan. 2, 2016. Previous articleRemember the Alamo BowlNext article36 hours later: a game and season to remember Sarah Breuner RELATED ARTICLESMORE FROM AUTHOR Sarah Breuner is a senior journalism major from Portland, Oregon. She is working as copy chief for tcu360.com as well as interning with Fox Sports Southwest. Another series win lands TCU Baseball in the top 5, earns Sikes conference award ReddIt TCU rowing program strengthens after facing COVID-19 setbacks Sarah Breunerhttps://www.tcu360.com/author/sarah-breuner/ The TCU Horned Frogs came back from being down by 31 points in the first half to beat the Oregon Ducks in the 2016 Valero Alamo Bowl Saturday night in San Antonio. Enjoy a slideshow of fan and game pictures. Fans and players celebrate on the field after TCU wins the Alamo Bowl in third overtime on January 2nd, 2015. Twitter TCU Rangers celebrate a TCU touchdown at the Alamo Bowl on January 2nd, 2015. The Horned Frogs face off against the Oregon Ducks in the Alamo Bowl on January 2nd, 2016. Oregon fans watch the Valero Alamo Bowl in the San Antonio Alamodome on Jan. 2, 2016. Wide receiver Emanuel Porter looks into the crowd after scoring a touchdown in the first overtime in TCU’s comeback win over Oregon Quarterback Bram Kohlhausen won offensive player of the game in the Valero Alamo Bowl in the San Antonio Alamodome on Jan. 2, 2016. Aaron Green runs the ball in for a touchdown in the Alamo Bowl on January 2, 2016. Sarah Breunerhttps://www.tcu360.com/author/sarah-breuner/ Wide receiver Bralon Addison (2) and offensive lineman Tyrell Crosby (73) celebrate in the first half of the Valero Alamo Bowl Quarterback Bram Kohlhausen won offensive player of the game in the Valero Alamo Bowl in the San Antonio Alamodome on Jan. 2, 2016. KaVontae Turpin runs the ball in the Valero Alamo Bowl in San Antonio on January 2nd, 2015. Oregon quarterback Vernon Adams Jr. suffered an injury during the first half of the Alamo Bowl. TCU’s defense fights to hold back the ducks in triple overtime. + posts Linkedin George W. Bush comes to town: Trivia with students Oregon tight end Evan Baylis (81) rushes in the Alamo Bowl Quarterback Bram Kohlhausen won offensive player of the game in the Valero Alamo Bowl in the San Antonio Alamodome on Jan. 2, 2016. A TCU fan cheers late in the Alamo Bowl Quarterback Bram Kohlhausen won offensive player of the game in the Valero Alamo Bowl in the San Antonio Alamodome on Jan. 2, 2016. TCU struggles to hold back Oregon’s offense in the first half of the Alamo Bowl in San Antonio. TCU’s defense struggles to hold back the ducks in the first half of the Alamo Bowl. Facebook Sarah Breunerhttps://www.tcu360.com/author/sarah-breuner/ TCU fans watch the first half of the 2016 Valero Alamo Bowl, in which the Frogs overcame a 31-point deficit to beat the Oregon Ducks 47-41 in the San Antonio Alamodome on Jan. 2, 2016. Record-setting duo heads to Atlanta as national award finalists TCU players celebrate the team’s 47-41 comeback victory over Oregon in the Alamo Bowl. print TCU running back Aaron Green dives into the endzone in the fourth quarter of the Valero Alamo Bowl Quarterback Bram Kohlhausen won offensive player of the game in the Valero Alamo Bowl in the San Antonio Alamodome on Jan. 2, 2016. Linkedin Tight end Buck Jones blows a kiss to the crowd in the Alamo Bowl Quarterback Bram Kohlhausen won offensive player of the game in the Valero Alamo Bowl in the San Antonio Alamodome on Jan. 2, 2016. Sarah Breuner Oregon’s Taj Griffin dodges TCU’s defense in the second quarter to put Oregon ahead 31-0 going into half of the Alamo Bowl.last_img read more

first_imgNewsSport Donegal to get 50 tickets for Armagh but not for spectators Facebook Further drop in people receiving PUP in Donegal RELATED ARTICLESMORE FROM AUTHOR By News Highland – February 1, 2014 Man arrested on suspicion of drugs and criminal property offences in Derry 365 additional cases of Covid-19 in Republic Facebook Jason Quigley crowned Donegal Sports Person of the Year Pinterest Twittercenter_img WhatsApp Jason Quigley has been crowned Donegal Sports Person of the Year for 2013.The Finn Vally boxer, who won a silver medal at the the World Championships in October, was awarded the prize at a ceremony in Letterkenny’s Mount Errigal Hotel last night.The 22-year-old fended off competition from the likes of Donegal captain Michael Murphy, athlete Mark English and martial arts champion Natalie McCarron. Google+ Google+ Previous articleOrange Hall reopened in Manorcunningham following renovationsNext articleMet Eireann issues orange weather alert as high winds hit the country News Highland O’Kane and McCarter take up coaching rules Twitter Pinterest Main Evening News, Sport and Obituaries Tuesday May 25th WhatsApplast_img read more

first_imgNews County Council says its dealing with flooding and other weather related issues Facebook WhatsApp Google+ Facebook Pinterest 75 positive cases of Covid confirmed in North 365 additional cases of Covid-19 in Republic Gardai continue to investigate Kilmacrennan fire RELATED ARTICLESMORE FROM AUTHOR By News Highland – January 3, 2014 center_img WhatsApp Previous articleDerry Council holds emergency meeting over radioactive waste dumping at CulmoreNext article“Make or break” meeting for Foyle ferry service News Highland Google+ Pinterest Man arrested on suspicion of drugs and criminal property offences in Derry Further drop in people receiving PUP in Donegal Twitter  Donegal County Council has been dealing with flooding and other issues lined with the stormy weather.The winds are expected to reduce this evening but there will be a return to more stormy conditions after the weekend.In the meantime, the council is urging care on the roads, and says it will continue to respond to issues and problems.Donegal County Council says high tides this morning from about 7am along with a storm surge resulted in flooding in various coastal areas including Donegal Town, Doohery,  Burtonport and  Dunfanaghy .There were also several reports of localised flooding on roads across the county, caused by saturated lands, falling branches and blocked drains has also occurred.The council says last night and this morning, it reacted to several calls from Gardai and members of the public, and Roads Section personnel are fully mobilised today clearing branches from roads and drains as well as assisting the Council’s Fire Service in areas of floodingThe council is urging motorists to allow extra time and slow down on their journeys today as there is excess surface water, as well as a risk of fallen branches and debris. Twitter Main Evening News, Sport and Obituaries Tuesday May 25th last_img read more

first_imgTop StoriesPlea Seeking Extension of The Benefits Of RBI Circular on Loan Moratorium To All NBFCs: SC Issues Notice Radhika Roy15 May 2020 1:37 AMShare This – xThe Supreme Court has issued notice to the Centre and Reserve Bank of India in a plea by The Confederation of Real Estate Developers’ Associations of India (CREDAI) which sought for clarification regarding whether all NBFCs were eligible for loan moratorium or whether banks had the discretion to give the benefit. 

On March 27, in wake of the COVID-19 pandemic and the consequent…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 Supreme Court has issued notice to the Centre and Reserve Bank of India in a plea by The Confederation of Real Estate Developers’ Associations of India (CREDAI) which sought for clarification regarding whether all NBFCs were eligible for loan moratorium or whether banks had the discretion to give the benefit. 

On March 27, in wake of the COVID-19 pandemic and the consequent national lockdown, the RBI had issued a Circular, giving liberty to all banks to allow a moratorium period of three months on payment of instalments with regard to all term loans which were outstanding as on Match 1, subject to the borrower making such a request. 

A plea had also been filed before the Delhi High Court regarding the applicability of the Circular to NBFCs like Indiabulls Commercial Credit Ltd. (ICCL). Justice Rekha Palli had directed the state-run Small Industrial Development Bank of India (SIDBI) to clarify the same before demanding further loan instalment from ICCL. 

In the instant plea before the Supreme Court, Senior Advocate Harish Salve, appearing for CREDAI, submitted to a Bench of Justices L. Nageswara Rao, Sanjay Kishan Kaul and BR Gavai, that there was an entitlement to moratorium in terms of the Circular issued by RBI and some banks were refusing to give the benefit. 

”The real problem lies with what is happening with RBI. When the matter came to Court, RBI said that the Circular was binding. But, some banks were not giving the benefit. While the RBI reply says that it is the discretion of the bank, the RBI Governor’s speech said that it was binding”. 

Salve further submitted the predicament of the NBFCs as they had large loans, but the banks were refusing to give them the relief. 

”The deferment of loan, we have members of our community who are in the real estate agency. We only want the RBI to clarify this, to clarify whether this is binding or not binding, whether they will give or not give”. 

Salve acknowledged that the new financial package that was recently announced by the Finance Minister Nirmala Sitharaman might resolve the issue. 

Solicitor-General Tushar Mehta informed the Bench that he would accordingly take instructions from RBI, SEBI and the Finance Ministry. 

In light of the same, the Bench directed the SG to come back with complete clarity on the matter and issued notice. The matter will now be listed after two weeks. Next Storylast_img read more

first_img DL Debate – 24/05/21 Pinterest WhatsApp Facebook Twitter Condemnation in Strabane as car crashes into road sign and is set on fire Twitter There has been condemnation in Strabane after a car was crashed into a road sign before being set on fire in the Ballycolman Estate area of the town in the early hours of yesterday morning.West Tyrone MLA Michaela Boyle has described the actions of the driver who abandoned the car as completely reckless as was those who subsequently set the car on fire.She says thankfully no one was hurt but those who carried out the incidents showed total disregard for the community:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2017/11/boyle.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Facebook Google+ Loganair’s new Derry – Liverpool air service takes off from CODA Previous articlePolice appeal for information after man assaulted at bus depot in DerryNext articleBurst water main causing supply disruptions in Letterkenny and surrounding areas News Highland center_img Pinterest Homepage BannerNews Google+ RELATED ARTICLESMORE FROM AUTHOR News, Sport and Obituaries on Monday May 24th Arranmore progress and potential flagged as population grows By News Highland – November 27, 2017 Important message for people attending LUH’s INR clinic WhatsApp Nine til Noon Show – Listen back to Monday’s Programmelast_img read more