New ULCV with 15Year Charter Joins Ocean Yield

first_imgzoom Norwegian ship owner Ocean Yield ASA has taken delivery of the Ultra Large Container Vessel (ULCV) MSC Eloane from South Korea’s shipbuilder Samsung Heavy Industries.After being delivered from the shipyard today, the vessel commenced a 15-year bareboat charter with Switzerland-based Mediterranean Shipping Company for a charter rate of USD 46,250 per day, according to data provided by VesselsValue.Featuring 202,000 dwt, the vessel is capable of carrying 19,500 TEU.This is the third vessel to be delivered in a series of six mega container vessels that Ocean Yield owns in a joint venture with private shipowner Quantum Pacific Shipping, a part of Quantum Pacific Group.The company acquired a 49.5% equity interest in the newbuildings for a total of USD 162 million in June 2016.The remaining boxships, all of which are on 15-year bareboat charters to the European container line, are scheduled for delivery by February 2017.last_img read more

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VIDEO Gustav Maersk Refloated after Grounding off Italy

first_imgImage Courtesy: Italian Coast GuardThe 9,038 TEU container vessel Gustav Maersk was refloated after it ran aground in the Messina Strait, Italy in the early morning hours on January 10, Maersk Line’s spokesperson informed.Assisted by three tugs, the 2008-built vessel was refloated at 7.30 am local time, some five hours after it ran into trouble, and proceeded by own power to Gioia Tauro.At the time of the incident the 367-meter-long containership was en route from the Croatian port of Rijeka to Gioia Tauro, where it is still moored, according to AIS data provided by MarineTraffic.Maersk Line spokesperson said that all crew is safe and accounted for and no pollution or damage to cargo was reported.“In Gioia Tauro all cargo is being discharged and repair plans will be made for the vessel. Cargo contingency plans are being made and will be covered within Maersk Line’s existing network. Customers will be directly informed in case of delays,” according to the company.Maersk Line, which launched an investigation into the incident, informed that initial findings do not indicate that any technical failure caused the incident.Video Courtesy: Italian Coast Guardlast_img read more

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Pakistans Port Qasim to Get 2nd FSRU

first_imgzoom Following negotiations with the consortium of Engro, Fatima, and Shell, US-based Excelerate Energy said that it would help deliver a proposed floating LNG terminal and second FSRU to the Pakistan market. The consortium’s project site is located across the Port Qasim channel and the country’s first LNG import terminal that Elengy installed early last year utilizing Excelerate’s floating regas technology.When the consortium’s project comes on line in 2018, the total regasification capacity from Excelerate’s two FSRU’s at Port Qasim will be over 1 bcf per day, enough natural gas to support over 6,000 MW of power generation.“The fast track FSRU project will supply much needed natural gas to Pakistan to help mitigate the supply shortfalls the country is currently facing,” Excelerate informed.“Excelerate is extremely excited to work with this strong partnership of Engro, Fatima, and Shell to implement this project in what we view as one of the largest markets for natural gas in the world,” Chief Development Officer Daniel Bustos, said.last_img read more

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SAAM Posts DoubleDigit Profit Growth

first_imgzoom Chilean provider of port, logistics and towage services SAAM ended the first half of 2017 with a net income of USD 43 million, a rise of 48.3 percent compared to a net income of USD 29 million posted in the same period a year earlier. As informed, this figure was strongly impacted by a non-recurring gain of USD 26.9 million, mainly from the sale of the company’s minority interest in Tramarsa.Excluding non-recurring effects, earnings for the first six months of the year totaled USD 16.6 million, according to SAAM.“Isolating the non-recurring effect, these results reflect the challenges we are facing in an industry experiencing consolidation. For this reason, we are working hard, and with a long-term outlook, to strengthen our current assets and evaluate new opportunities in the region. In this spirit, we are very satisfied with our recent investments in the ports of Caldera in Costa Rica and Guayaquil in Ecuador,” Macario Valdés, CEO of SAAM, commented.During the first half of the year, SAAM’s port terminals division performed well, with sales of USD 163.7 million, up 25% from the same period in 2016. EBITDA totaled USD 50.5 million, reflecting an increase of 14%.These figures can be attributed to Ecuador’s Terminal Portuario Guayaquil (TPG) which boasts increased volumes of cargo transferred and positive projections thanks to the recent inauguration of its expanded dock and new infrastructure, SAAM explained.This is in addition to the contribution from Puerto Caldera in Costa Rica, the facility which was added to SAAM’s portfolio in early 2017, and positive commercial management at Terminal Marítimo Mazatlán, Mexico, all of which helped offset poor performances from the Chilean terminals of San Antonio—due to excess supply in Central Chile—Antofagasta and San Vicente.Also during the six-month period, SAAM bought 15% of Iquique Terminal Internacional. Following the acquisition, SAAM now controls 100% of ITI.last_img read more

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Diana Shipping Inks Charter Deal with Ausca

first_imgzoomIllustration. Source: PxHere under CC0 Creative Commons license Greek dry bulk owner Diana Shipping has entered into a time charter contract with Hong Kong-based Ausca Shipping Limited for one of its Panamax dry bulk vessels.Under the deal, the company’s 73,593 dwt Arethusa was scheduled to start working for Ausca Shipping on May 2 at a gross charter rate of USD 9,150 per day.The charter contract for the 2007-built unit was signed for a period of twelve to fifteen months.Diana Shipping said that the employment is expected to generate around USD 3.29 million of gross revenue for the minimum scheduled period of the time charter.The vessel was previously chartered by Rotterdam-based Glencore Agriculture at a rate of USD 12,600 per day.last_img

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Drewry Capesize Market Spot Rates at Record Highs

first_imgzoomIllustration; Image Courtesy: Vale Surging iron ore exports from Brazil and contracting vessel supply in the region will keep Capesize/VLOC vessels in high demand in the Atlantic, supporting the continued surge in freight rates, shipping consultancy Drewry explained.Despite growing concerns of a slowdown in the global economy, spot rates reaching record highs in the Capesize market. The recent strength in spot rates is expected to continue over the remaining months of 2019 mainly due to the upcoming IMO regulations and the sharp recovery in Brazil’s iron ore exports.Following the disaster in late January this year when a tailing dam collapsed causing widespread casualties, the iron ore supply from Brazil tumbled in the first half of 2019 with the country exporting less than 20 million tonnes of the ore in April 2019. However, after an approval from the court, iron ore supplies have now resumed.Brazil’s iron ore exports registered a steep recovery, and in July the country exported 34.3 million tonnes of the ore which is more than 80% higher than the exports in April 2019. Strong demand for Capesizes to load cargo in Brazil created a shortage of tonnage in the Atlantic, leading to skyrocketing spot rates.As Brazil exports most of its iron ore to the Far East with China accounting for the lion’s share, a vessel takes about 80-90 days to complete a round voyage. Hence, vessels that loaded cargo in June and July at Brazilian ports for discharge in the Far East would be available again for loading only in September and October respectively. With not many Capesizes/VLOCs repositioned in the Atlantic from other locations to meet the surging demand, spot rates are on an upward spiral, according to Drewry.Additionally, in the run up to the impending IMO regulations, the effective supply of vessels has contracted. To avoid using expensive fuel and save on bunker costs, many shipowners are retrofitting their vessels with scrubbers before the regulation comes into force. This process takes about a month, during which time the vessels is removed from the operating fleet.In total, 45 Capesizes/VLOCs were retrofitted during June-August which is equivalent to 3% of the Capesize/VLOC operating fleet in terms of dwt.“We expect the momentum in retrofitting scrubbers to only increase as the IMO deadline approaches with almost 10% of the additional Capesize/VLOC fleet scheduled for retrofitting in the remaining months of 2019, taking the spot rates even higher,” Drewry added.last_img read more

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Traffic Advisory Annapolis County

first_img MacKenzie Mountain Road Young Mountain Rd. East Dalhousie Road between Ridge Road and Cherryfield Road Guinea Road Lily Lake Road Brickton Bridge on Mount Hanley Road The Annapolis County area continues to have road closures because of washouts and flooding. Motorists are advised to use alternate routes. Major roads still closed due to flooding are: Trunk 1 in Brickton and the McEwan Bridge are closed. Drivers should not use the bridge. The intersection of Route 201 and Paradise Lane in Paradise, is closed and motorists should obey temporary barricades erected by the department. Water levels are receding but roads and water currents are still dangerous. Other roads and bridges closed due to washouts are: Staff are working on the major paved and gravel roads and will open them as as soon as possible. Road inspections continue and updates on road conditions are available on the Transportation and Infrastructure Renewal web site at: ns.telenium.ca/map/map15.html#advisories. Drivers are advised to use caution in flooded areas and obey signs and personnel on the scene. -30-last_img read more

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Consultation on Fuel Safety Regulations Changes

first_imgThe province is seeking input on new regulations that will modernize the rules of conduct around the safe handling of fuel and equipment that operates on fuel. The regulations apply to such things as fireplaces, furnaces, propane stoves, restaurant cooking equipment, natural gas systems in hospitals and other large buildings. They will allow for more flexibility without compromising safety. The Department of Labour and Workforce Development encourages comments and suggestions from industry representatives and other interested groups, during consultations that started Nov. 4 and will end Dec. 4. A consultation paper outlining key regulatory changes will be circulated to industry representatives and can be found on the department’s website at, http://www.gov.ns.ca/lwd/buildingsafety . “This regulation review will ensure we promote the highest safety standard possible in workplaces, public places, and homes across the province, while at the same time attracting world-class business to Nova Scotia,” said Mark Parent, Minister of Labour and Workforce Development. “We look forward to working with those who work in the industry and other interested parties to gather their suggestions and opinions during our consultations.” The revised fuel safety regulations will provide flexibility by introducing a single-signature green tag on installations requiring a registration. A green tag signifies the installation was safely completed. Other changes allowing greater flexibility in operations includes an expanded gas registration system, and self-monitored inspection system for registrations. More information about these and other changes are addressed in the consultation paper. The regulations form part of the province’s new technical safety legislation which works to enhance safety for people and property in Nova Scotia. The new Technical Safety Act will consolidate the Steam Boilers and Pressure Vessels Act, the Crane Operators and Power Engineers Act and the fuel safety regulations. This legislation will result in clearer responsibilities, wording, accountability, and consistent language. It will also allow for a more streamlined appeal process, and will replace the current advisory committees structure with one advisory board. It is hoped the act will become effective early in 2009. It is also in keeping with the province’s Better Regulation Initiative which works to improve regulation, and create a competitive business climate that supports business, while at the same time ensuring the protection of public health and safety, a clean environment and safe workplaces. The new regulations will also provide increased flexibility as a result of eliminating unnecessary and outdated requirements.last_img read more

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Changes to Wildlife Act Regulations

first_imgThe latest changes to regulations under the provincial wildlife act will provide greater opportunities to all Nova Scotia hunters, including youth and the disabled. Wildlife regulations are reviewed by the Department of Natural Resources, based on requests and advice from wildlife division biologists. “These revisions ensure that our wildlife resources are used in a sustainable and equitable manner, making life better for Nova Scotia families,” said John MacDonell, Minister of Natural Resources, today, June 23. Perhaps the most noteworthy change is the replacement of eight deer management zones by 12 new zones, which was done in broad consultation with the public, hunters and wildlife biologists. The goal is to provide greater deer-hunting opportunities in areas where there are large deer populations, bringing a number of vehicle-deer collisions and other human-wildlife conflict. Another regulation change is a transition project which will create a non-motorized moose hunt in the Pollet’s Cove-Aspy Fault Wilderness Area in Cape Breton. It will be separate from the regular moose hunt and motorized vehicles will not be permitted in the area. The hunt will be Sept. 20-25 and Oct. 11-16. The departments of Natural Resources and Environment will use the trial to gauge hunter interest and evaluate hunting and hauling techniques before the motorized vehicles are prohibited for moose hunting in the area in 2012. Only 20 licences, awarded through a special draw, are available for this hunt. Application details will be announced in the coming weeks. Hunters who have applied for the general Nova Scotia moose draw may also enter the non-motorized hunt draw. In an effort to attract more young people to the joys of hunting, changes to regulations will allow youth age 16 to 19 years of age to hold a guide licence. They can serve as a guide when supervised by a licenced guide older than 19. Hunters 12 to 15 years of age will now be eligible to take guide courses. In another rule change, hunters with a disability will now be permitted to hunt on their own, providing someone is available to help retrieve game. Other changes will: double the bear snaring bag limit to two repeal the mandatory registration of bait sites for hunting bears, making it consistent with the regulations for snaring bear and hunting deer allow the use of camouflage orange garments while hunting (in addition to blaze orange) allow the use of crossbows in all hunting situations where conventional bows may be used, except the special open season for bowhunting deer allow the use of .410 slugs for deer hunting and larger shot sizes (buckshot) for hunting big game, coyotes, furbearers and certain small game, as safe alternatives in higher populated areas where animals such as deer are creating problems.last_img read more

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New Paving Initiatives OpEd

first_imgSince coming to office, the government has taken action on building a safe and efficient highway system that keeps communities connected and supports local economies. We have delivered the two largest highway improvement budgets in the province’s history, helping to create good jobs and grow the economy. Over the last two years, more than $635 million has been invested in roads and bridges right across the province. We took another major step forward with the introduction of a Five Year Highway Improvement Plan, a new way of doing business, that supports improved planning for road builders and provides important information for communities. Developing a new asphalt plant and road resurfacing crews is another initiative that will help make sure we get as many kilometres as possible for the dollars taxpayers spend. We currently tender all repaving work, however in some areas, limited or no competitive bidding has led to higher prices. We have carefully analyzed the options and determined that doing some of this work in house will save money for taxpayers. For example, our analysis of tender prices shows that this lack of competition has resulted in asphalt prices between $9 and $24 per tonne higher than we are able to get in areas with competitive bidding. A limited number of bidders has also been an issue. Competitive bidding works best when there are multiple bids for each tender, ideally between six and eight. While there are 12 asphalt contractors who could bid on provincial paving tenders, in 2008 and 2009, 83 per cent of the tenders had three bids or less. In fact, in 2009 one company alone did 50 per cent of the province’s paving work. Compared with the prices we have received in the past, the savings from doing some work in house are estimated to be up to $2.5 million per year from the asphalt plant and $2.2 million from a chip seal crew. The majority of this kind of work would continue to be tendered. This is a model that is working well now. For example, by doing some centerline painting ourselves, we get prices that are 35 per cent to 45 per cent lower than other provinces get when they contract out all of their line painting. The significant investment required to build roads, along with the fiscal challenge we have inherited, means we must take advantage of all options to make the most of every dollar. In our Five Year Highway Improvement Plan we outlined improved approaches to maintaining our roads and bridges, including adopting a more balanced approach that uses a variety of improvement options, meaning we can improve more roads in more communities and pave smarter by preventing more costly problems before they happen. To see the Five Year Plan go to www.gov.ns.ca/tran . We will continue to do all we can to make sure we get the best deal possible for taxpayers. -30-last_img read more

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Construction Starts at Lunenburg County Lifestyle Centre

first_imgSports, culture and recreation will soon have a new home in Bridgewater thanks to the construction of the Lunenburg County Lifestyle Centre. MLA Gary Ramey, on behalf of Health and Wellness Minister Maureen MacDonald and MP Gerald Keddy today, Aug. 25, broke ground on the centre. The centre will provide families in Lunenburg County with access to high-quality community facilities. “Investing in this facility is an investment into the health and well-being of the residents of Lunenburg County,” said Mr. Ramey. “Physical activity levels and sport facility infrastructure go hand in hand. That’s why this investment will ensure residents have the means to get fit, get healthy and have fun.” “This new facility will offer countless opportunities for local residents to get active and participate in community events,” said Mr. Keddy. “Our government is proud to invest in infrastructure, such as the Lunenburg County Lifestyle Centre, and to contribute to building strong, sustainable and healthy communities.” The Town of Bridgewater and the Municipality of the District of Lunenburg have been working together to see the project realized. Mayor Don Downe, Municipality of the District of Lunenburg, and Mayor Carroll Publicover, Town of Bridgewater, are happy to see the project begin. Paul Belliveau, chair of the volunteer Lunenburg County Lifestyle Centre Society, said residents are excited about what the facility will do for the region. “The community will now have a facility for their use and enjoyment, making a major contribution to maintaining and improving the quality of life on the South Shore.” The Lunenburg County Lifestyle Centre will be a year-round sport, recreational and cultural facility. The project involves the construction of an ice pad with fixed seating for more than 1,000 spectators. The facility will also include an aquatic centre accommodating leisure and competitive users, a therapy pool, a public library and other multi-purpose spaces, including administrative offices, community and cultural spaces and areas capable of hosting meetings, high tech training sessions, exercise classes, senior citizens’ activities and many other functions. The province, through the Department of Health and Wellness, committed $10-million toward the Lunenburg County Lifestyle Centre. The government of Canada provided up to one-third of the eligible costs to a maximum contribution of $10.35-million. The Municipality of Lunenburg and the Town of Bridgewater also contributed a total of $8.85-million, with the remainder of the funds coming from grants, foundations and community fundraising. Canada and Nova Scotia are working together to create jobs and boost the economy, while making significant investments that help communities improve infrastructure.last_img read more

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Hundreds to Discuss Youth Partnerships Bullying

first_imgHundreds of crime prevention advocates, police, teachers and youth are together today, March 27, building positive relationships that support youth and prevent bullying and other crime. Twenty Nova Scotians were also recognized for their commitment to making their communities safer at the fifth annual crime prevention symposium in Halifax. “We have a responsibility to help young people make the right choices to avoid a life of crime and to understand what’s driving poor decision-making,” said Justice Minister Ross Landry. “That’s what today is about. We need to work together to understand root causes of crime and help youth become contributing members of society.” This year’s theme is Building Relationships – A Way Forward for Safer Communities. Participants will discuss building youth leadership capacity, the impact of cultural boundaries, the impact of bullying, building relationships with youth and the role of police, schools and others. Manus Farmer is one of the youth presenters. He is a participant in the Centre for Entrepreneurship Education and Development’s Second Chance Program that uses entrepreneurship models to help youth in conflict with the law develop employability and life skills. “I’m so pleased to be a part of this day,” said Mr. Farmer. “It’s nice to be treated as a person and not just a statistic.” Attendees are hearing about local success stories like Leave Out Violence Nova Scotia, a violence prevention and intervention program that works with youth who have experienced violence. Youth will also deliver workshops, and students from École John W. MacLeod Fleming Tower Elementary School will deliver an anti-bullying choir performance. “I’m very pleased that young people have such a strong voice at this event, and that they are also hearing and seeing a big community of support ready to join with them,” said Ramona Jennex, Minister of Education and Early Childhood Development. “This collaborative approach is at the heart of the province’s Speak Up action plan, to work with young people, their families and communities so we can more effectively prevent bullying and other crime that can drastically change lives.” The symposium features academic experts and keynote speakers Brenda Morrison, Simon Fraser University, Vancouver, and Nombuso Dlamini, York University, Toronto. Ms. Morrison is an expert on bullying and how schools can respond. Ms. Dlamini is an expert on the impact of culture on youth identity. Mr. Landry presented the Minister’s awards for Leadership in Crime Prevention during the symposium. Awards are presented to Nova Scotians in six categories who have been nominated for their outstanding work in preventing crime and making their communities a safer place. Fourteen individual awards and one group award are being presented. Paul Ratchford, of Cape Breton Regional Police Service accepted an award on behalf of Rebecca Walker, volunteer co-ordinator at Clifford Street Community Centre in North Sydney. “Speaking for Rebecca and other volunteers, the recognition is appreciated. It’s not what they strive for, but it’s very nice. and appreciated very much.” For more information on crime prevention initiatives and award recipients, visit www.gov.ns.ca/just .last_img read more

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Nova Scotians Encouraged to Get Flu Shot Early

first_imgNova Scotians are encouraged to get a flu shot as soon as possible. “Vaccination is the safest and most effective way to protect yourself and loved ones from the flu,” said Health and Wellness Minister Leo Glavine. “We encourage everyone to plan ahead and get the flu vaccine before the Christmas holidays.” Seasonal flu vaccine is available from most pharmacies, family doctors, family practice nurses, nurse practitioners, many workplaces and through clinics offered by some public health offices. “Last year, 40 per cent of Nova Scotians got a flu shot, and we hope to see more this year,” said Dr. Frank Atherton, Nova Scotia’s deputy chief medical officer of health. “Our publicly funded immunization program is an important part of the government’s commitment to promote health and prevent illness.” The province is providing the quadrivalent vaccine recommended by the National Advisory Committee on Immunization. The vaccine contains two influenza A strains and two influenza B strains. High-risk groups strongly encouraged to get a flu shot are: seniors children six months to five years of age Aboriginal people pregnant women people with chronic medical conditions such as heart disease, asthma, and diabetes people who live with, or care for, people in high-risk groups Proper hygiene such as hand washing and covering noses and mouths when coughing or sneezing is also important to prevent the spread of influenza and many other infections. People with flu symptoms should stay home and minimize close contact with others. Flu symptoms often include a sudden high fever, headache, general aches and pains, fatigue and weakness, a runny, stuffy nose, sneezing and sore throat. It can lead to more severe illness such as pneumonia or even death. For more information on the flu, visit novascotia.ca/flu .last_img read more

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Halifax Convention Centre Reaches Substantial Completion

first_imgThe Halifax Convention Centre has reached substantial completion, a milestone for the state-of-the-art, modern event space. “Reaching substantial completion with this massive project is a milestone,” said Transportation and Infrastructure Minister Lloyd Hines. “We have a beautiful, modern facility to help grow our tourism sector and showcase our province to the world.” Substantial completion is a technical, legal and financial term that refers to a variety of financial and administrative issues which must be achieved before a building is deemed completed. It paves the way for federal, provincial and municipal payments to flow to the private sector developer. Now that substantial completion has been met, funds from three levels of government, totalling $169.2 million, will begin to flow to Argyle Developments. The federal government has contributed $51.4 million, in a lump sum. The remaining $117.8 million will be split 50-50 between the province and Halifax Regional Municipality and will be paid out in monthly payments over the lifetime of a 25-year lease. The province and Halifax Regional Municipality will collectively pay Argyle Developments a little more than $10.76 million per year over the next 25 years in annual base rent. There are more than 100 events booked for the first year of operations in the new facility, which are estimated to bring more than 80,000 delegates and more than $50 million in new money to the province. This includes 44 national and international conventions.last_img read more

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PCR reunites 3 missing children with families

first_imgNEW DELHI: The PCR MPVs displayed professionalism and humane face of police by reuniting three lost children with their families in two separate incidents in Karkadooma and Dilshad Garden.In the first incident on May 27, at arund 7 pm a PCR was placed at Karkadooma metro station, noticed two children near metro station. The children were apparently distraught and confused. The MPV staff immediately stopped and started taalking and consoling the children. On enquiry the children told their names as Aadi, aged four years and Gaurav 5.5 years and also informed that they have lost the way to their home. Also Read – Cylinder blast kills mother and daughter in Karawal NagarThe MPV staff immediately took them in the MPV and went towards police station Anand Vihar for further help. When the MPV staff was passing through Saini Enclave market, they noticed some people gathered and looking tense. On verification it was found that they were looking for the above missing children. One of the person identified himself as Montu, residence of Karkadooma village, father of the missing children. The father and children were handed over to local police for legal formalities. Also Read – Two persons arrested for killing manager of Muthoot FinanceThe second incident took place at 5.40 am on 28 May. The PCR staff received a call about a three-year-old child wandering alone in a street near Mrignayani Chowk, Dilshad Colony. The PCR MPV immediately rushed to the spot and found the girl there. “The girl could not speak properly and only signalled in a particular direction. The MPV staff along with the girl went in the direction, and also enquired in the area. After some efforts they traced the parents of the girl who were searching for her. She was handed over to her father, Mohd. Zuwer, R/o New Seema Puri, Delhi,” said a senior police officer. The prompt and timely intervention by MPV staff reunited the children with their families and averted any mishappening.last_img read more

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Govt may float national retail policy to boost nascent sector

first_imgNew Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT) has proposed to formulate a national retail policy to support growth of domestic trade, an official said. This proposal is part of the 100-day action plan prepared by the department, under the commerce and industry ministry, for the new government. “A national retail policy will be formulated to support development of the sector that would benefit 65 million small traders,” the official said. Also Read – SC declines Oil Min request to stay sharing of documentsIn February, the subject of domestic or internal trade was shifted to DPIIT from the consumer affairs ministry, which was earlier the nodal agency for regulating the fast-growing sector. The department is already in the process of formulating guidelines on e-commerce and, hence, it would be appropriate for the ministry to come out with norms for retail trade, the official added. Views of all stakeholders, including state governments, would be taken while framing the policy as retail trade is also governed by the Shops and Establishment Act, which is implemented by states. Also Read – World suffering ‘synchronized slowdown’, says new IMF chiefDomestic traders’ body Confederation of All India Traders (CAIT) has time and again requested the government for the policy. It has said these steps will not only strengthen the domestic trade but also improve export performance of the country. According to CAIT, over 6.5 crore small businesses are engaged in the sector across the country. The demand for the policy from domestic traders came after multi-national retail firms entered the Indian markets and started providing huge discounts of goods. According to the action plan, large-scale programme for capacity building of managers of small businesses would be undertaken to improve productivity.last_img read more

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CISF nabs two passengers with Rs 15 lakh cash at Varanasi Airport

first_imgNew Delhi: A CISF surveillance team at Varansi Airport on Sunday evening nabbed two men travelling from Kolkata with Rs 15 lakh in cash. One SK Dutta and Swapan Pal were travelling from the Kolkata airport on an Air India flight with the large sum of cash money. Income Tax officials at the Kolkata Airport had suspected the two, but did not have enough time to alert security personnel there. The IT sleuths subsequently sent information of the passengers’ travel itinerary to the CISF team in Varanasi through their counterparts in Kolkata. The Central Industrial Security Forces personnel duly intercepted both Dutta and Pal and handed them over to IT-officials after a brief enquiry which led to the cash recovery.last_img

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Delhi soon to get world class teachers training university

first_imgNEW DELHI: Delhi will get its own state of the art world class teachers training university with the goal to improve teachers training in the state, asserted Deputy Chief Minister Manish Sisodia on Thursday.The Deputy CM, who also holds the portfolio of the Education Department, said that in the last four and a half years the Delhi government has established 13 new colleges. “By opening new campuses of existing Delhi state universities like DTU, Ambedkar University, etc, Delhi government has opened 13 new undergraduate colleges in the last 4.5 years. This DIET (District Institutes of Education and Training) will be college number 14, and number 15 will be another DIET which we will be launching soon at Defence Colony,” said Manish Sisodia. Also Read – Kejriwal ‘denied political clearance’ to attend climate meet in DenmarkThe Deputy Chief Minister also added that with the new DIET we are opening two new centres for teachers training; One at Shahdara and another at Defence Colony. This will train 200 students who pass-out of class 12 for teaching. Delhi Government currently has a capacity of 1,040 seats for class 12 pass-outs who apply for teachers training in the city spread across the nine centres operational presently. The addition will further add to the availability of a number of seats for teachers training. Also Read – Bangla Sahib Gurudwara bans use of all types of plastic itemsOn Thursday Chief Minister Arvind Kejriwal and Deputy Chief Minister and Education Minister, Manish Sisodia laid the foundation stone for a new District Institute of Education & Training (DIET) at the Baburam School campus in Shahdara.”Four and a half years ago, Delhi gave ordinary people like us the responsibility of running the city. When we took over, the city’s social infrastructure was crumbling, whether it was schools, hospitals, water or power supply. The education machinery was completely battered; school buildings were in ruins and teachers were low on motivations,” said CM Kejriwal. He added that Many private schools were running like a mafia, extorting high fees from parents without government regulation. “We started with the intent to change this; we wanted all children – rich or poor – have access to high-quality education. But we were nervous. If in 70 years so many parties had tried and failed, would we succeed in our mission?,” asked the CM. He further said that after coming to power, the AAP government started with the basics.last_img read more

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UK HC allows Mallya to appeal against his extradition

first_imgLondon: In a reprieve to embattled liquor tycoon Vijay Mallya, the UK High Court Tuesday allowed him to appeal against his extradition order signed off by the UK home secretary Sajid Javid to face alleged fraud and money laundering charges amounting to Rs 9,000 crores in India.A two-member bench of the Royal Courts of Justice comprising Justices George Leggatt and Andrew Popplewell made the conclusion after hearing the arguments. The bench said that the arguments can be reasonably made on some of Westminster Magistrates’ Court Chief Magistrate Judge Emma Arbuthnot’s conclusions in her prima facie case ruling. Also Read – How a psychopath killer hid behind the mask of a devout laity!The High Court judges ruled that the 63-year-old former Kingfisher Airlines boss was permitted to appeal on only one limited ground to be able to address the admissibility of some of evidence and interpretations made by the lower court. They have given directions to submit a draft for the appeal to proceed and ascertain the time frame for the hearing. Ahead of the hearing, Mallya told reporters outside the court that he was feeling “positive”. Representatives from the Indian High Commission in London were present in court to observe the proceedings. Also Read – Encounter under way in Pulwama, militant killedMallya, accompanied by his son Sidharth and partner Pinky Lalwani, watched from the bench as his barrister Clare Montgomery began by reiterating many of her arguments laid out during the extradition trial at Westminster Magistrates’ Court last year and characterised aspects of Chief Magistrate’s ruling as “plain wrong”. She claimed to have “chased down” and countered many of the claims in the case put forward by the Indian authorities and dismissed the conclusion that there was a “clear and unequivocal false statement” made by Mallya about profits being made by a struggling Kingfisher Airlines at the time the loans were being sought. “The conclusions are in effect a false dichotomy [Arbuthnot] failed to recognise that there was a straightforward business failure,” said Montgomery, as she claimed the case presented by the Indian authorities had moved on in essence from that ruled upon by the lower court. She also questioned the admissibility of many witness statements and once again highlighted the badly paginated documents submitted by the government of India in the extradition case. The judges made a few interventions to indicate that the offence for which Mallya is wanted by the Indian justice system is not materially different between English and Indian law. “Your starting point is that the judge [Arbuthnot] has made findings of a prima facie case on allegations that you haven’t had a chance to answer,” noted Judge Leggatt, in an early observation on the grounds for the appeal. PTIlast_img read more

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No question of going to Assembly say rebel MLAs after SC verdict

first_imgNew Delhi: Welcoming the Supreme Court’s verdict on Wednesday which said the 15 rebel Congress and JD(S) MLAs should not be compelled to take part in the trust vote which is scheduled to be held in Karnataka Assembly tomorrow, the rebel MLAs who are in Mumbai said there is no question of going back and no question of attending the floor test. “We honour the Supreme Court’s verdict. We all are together. We stand by our decision. There is no question of going to the Assembly,” ANI quoted the MLAs as saying. Also Read – Squadrons which participated in Balakot air strike awarded citations on IAF DayA bench headed by Chief Justice Ranjan Gogoi also left it to the Speaker to decide on the resignations of the rebel MLAs within the timeframe he thinks appropriate. The top court was hearing the pleas of the MLAs against Karnataka Speaker K R Ramesh Kumar for sitting on their resignations.In Karnataka, resignations by the MLAs have plunged the Congress-JD(S) coalition government into crisis earlier this month. Thirteen Congress and three JD(S) MLAs have resigned since July 6, technically reducing the numbers of the coalition from 117 to 101 compared to the BJP’s 105 in the 224-member House where the halfway mark is 113. Also Read – SC declines Oil Min request to stay sharing of documents on Reliance penaltyThe bench had on Tuesday said the position and powers of the Speaker after the enactment of the anti-defection law in 1985 may require a relook, after hearing the rebel MLAs, the Speaker and Karnataka Chief Minister H D Kumaraswamy. Earlier on Friday, the top court had restrained the Speaker from taking any decision till July 16 on the resignation and disqualification of the rebel MLAs. Also, a vote of confidence has been scheduled in Vidhana Soudha on July 18.(With inputs from Indian Express)last_img read more

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