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FBN Holdings Plc (FBNH.ng) Q12014 Interim Report

first_imgFBN Holdings Plc (FBNH.ng) listed on the Nigerian Stock Exchange under the Financial sector has released it’s 2014 interim results for the first quarter.For more information about FBN Holdings Plc (FBNH.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the FBN Holdings Plc (FBNH.ng) company page on AfricanFinancials.Document: FBN Holdings Plc (FBNH.ng)  2014 interim results for the first quarter.Company ProfileFBN Holdings Plc is a leading financial services institution in Nigeria offering banking products and services for the commercial, corporate, investment and merchant banking sectors. The company also offers insurance products for individual and corporate clients and other financial services for merchant banking, asset management, investment and general trading, private equity, financial intermediation services, trusteeship, portfolio management and discount house services for individual and corporate clients. The Insurance division underwrites life and general insurance products and offers insurance brokerage services. FBN Holdings Limited was founded in 1894 and today operates in 874 business locations in 12 countries. Its company head office is in Lagos, Nigeria. FBN Holdings Plc was founded in 1894 and is based in Lagos, Nigeria. FBN Holdings Plc is listed on the Nigerian Stock Exchanglast_img read more

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Could the FTSE 100 Index take off in 2021?

first_imgCould the FTSE 100 Index take off in 2021? Our 6 ‘Best Buys Now’ Shares Image source: Getty Images Rupert Hargreaves owns shares in British American Tobacco. The Motley Fool UK has recommended Lloyds Banking Group. 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. 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. 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. See all posts by Rupert Hargreaves I believe the FTSE 100 index could take off in 2021. I expect the index’s performance to improve after a lacklustre 2020 as the economy turns a corner. Get ready for take offThe FTSE 100 is mainly made up of resource and financial firms. This positioning has weighed on the index for the past decade or so. In the years after the financial crisis, some of the index’s most prominent constituents, such as Lloyds and NatWest (formally RBS), faced lengthy restructuring programmes. For NatWest, the programme is still ongoing, as the UK government remains the lender’s biggest shareholder. 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…And while the financial sector dealt with its problems, resource companies faced their own challenges. The prices of key commodities increased in the first half of the last decade, but the boom times didn’t last long.Unfortunately, many mining companies had staked billions on the commodity boom continuing. When prices collapsed, they had to write off billions of pounds worth of investments. It took the industry years to recover from these issues.The oil sector is still recovering. After facing an oil price crash in 2014, the industry suffered another gut-punch in 2020 when the pandemic sent oil prices plunging. As a result of these challenges, Royal Dutch Shell and BP ended up reporting some of the most considerable losses in UK corporate history for 2020. However, it’s beginning to look as if the outlooks for these sectors are improving. The oil price has recovered to pre-pandemic levels recently, while the prices of essential commodities, such as iron ore and copper, have also increased to multi-year highs. Rising iron ore prices allowed Rio Tinto and BHP, two of the largest companies in the FTSE 100 index, to announce record dividend payouts earlier this year. The prospects for the financial sector is improving as well. The pandemic hasn’t impacted UK banks as severely as initially expected. Based on their improving outlooks, regulators have allowed them to reintroduce dividend payouts. Based on all of the above, I think the FTSE 100 index could take off in 2021. FTSE 100 index performanceWith the outlooks for the oil and gas, mining and financial sectors improving, the share prices of these companies could increase in 2021, which would push the UK’s leading blue-chip index higher. Unfortunately, this is by no means guaranteed. The commodities sector can be incredibly volatile, as we’ve seen over the past 12 months. Also, these sectors only account for around a third of the index’s 100 constituents.For the FTSE 100 to move substantially higher, other stocks will have to put in a positive performance as well. There’s no certainty this will happen as other companies, such as British American Tobacco, face a more uncertain future.The prospects for the industrial sector will also depend on how quickly the UK economy recovers from the pandemic. The index also lacks exposure to the fast-growing tech sector, which could impact long-term returns. Overall, I’d buy the FTSE 100 index for my portfolio in 2021, based on its improving outlook. However, I’d include other investments alongside the blue-chip index to provide diversification and non-UK exposure due to the risks outlined above. center_img Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Rupert Hargreaves | Sunday, 7th March, 2021 Enter Your Email Address “This Stock Could Be Like Buying Amazon in 1997” 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. Simply click below to discover how you can take advantage of this.last_img read more

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Happy Mother’s Day – A Short History

first_imgShare on Facebook Tweet on Twitter UF/IFAS in Apopka will temporarily house District staff; saves almost $400,000 Florida gas prices jump 12 cents; most expensive since 2014 LEAVE A REPLY Cancel reply Please enter your name here Please enter your comment! TAGSMother’s Day Previous articleCity Center deal misses another deadlineNext articleKilsheimer surprises Council with LANGD Board recommendations Dale Fenwick RELATED ARTICLESMORE FROM AUTHOR Gov. DeSantis says new moment-of-silence law in public schools protects religious freedom You have entered an incorrect email address! Please enter your email address here Mother’s Day, when did it begin?From history.comAs usual, the celebration has pagan roots.  The Greeks and Romans held festivals to honor the mother goddesses Rhea and Cybele.The modern Mother’s Day is tide to an early Christian festival known as “Mothering Sunday.” In the UK and parts of Europe, this celebration fell on the fourth Sunday in Lent and was originally seen as a time when the faithful would return to their “mother church” for a special service. Mothering Sunday transitioned a secular holiday with children giving presents to their mothers.Mother’s Day in AmericaDuring the Civil War, Ann Reeves Jarvis of West Virginia helped start “Mothers’ Day Work Clubs” to teach local women how to properly care for their children.   These clubs began celebrating “Mothers’ Friendship Day” after the war ended.The official Mother’s Day holiday was staterred by Anna Jarvis, daughter of Ann Reeves Jarvis, who died in 1905.Anna Jarvis conceived of Mother’s Day as a way of honoring the sacrifices mothers made for their children.The first official Mother’s Day celebration was at a Methodist church in Grafton, West Virginia in 1908. The event was also promoted by John Wanamaker, a department store owner.  Wannemacher held a Mother’s Day event the same day at one of his stores in Philadelphia.Jarvis worked hard to the holiday added to the national calendar.  In 1914 President Woodrow Wilson established the second Sunday in May as Mother’s Day.Jarvis’ original idea was a day of personal celebration between mothers and families. Her version of the day involved wearing a white carnation as a badge and visiting one’s mother or attending church services.But once Mother’s Day became a national holiday, it was not long before florists, card companies and others capitalized on its popularity.  In 1920 Jarvis began a campaign against the commercialzation of the holiday she helped to create.Mother’s Day is now one of the biggest holidays for consumer spending.To see the complete article, go here Save my name, email, and website in this browser for the next time I comment.last_img read more

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Public trust in charities up but levels are lower for fundraisers, Charity Commission survey suggests

first_img  92 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis14 AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis14 Tagged with: Charity Commission Research / statistics Public trust in charities up but levels are lower for fundraisers, Charity Commission survey suggests Public trust in charities is up but fundraisers themselves are not trusted as much as charities, research by the Charity Commission suggests.The 2017 Trust and Confidence in the Charity Commission survey shows that the charity sector is well trusted by the public compared to other sectors, with a score of 6.3 on a scale of 0-10. This is comparable with the level of trust and confidence the public has in schooling and childcare (6.7) and the food and drink industry (6.4) but not quite as high as the level of trust and confidence in educational institutions (7.0).The survey sought views separately on the charity sector and the fundraising industry, with findings seeming to indicate different levels of trust in charities and fundraisers. Among the public, the charity sector is more trusted than the fundraising industry, which scored 5.8, while charities also seem to trust fundraisers less. The findings show that charities trust their sector more than any other at 7.3, while suggesting a slightly lower level of trust and confidence in fundraisers than the public has, at 5.5.The Commission’s decision to separate ‘charities’ and the ‘fundraising industry’ in the survey sparked some debate on social media:center_img Views on regulation were also examined in the survey. The majority ­– 58% – of the public feel charities are regulated effectively: a slight drop from 2015’s level of 65%. In addition, 41% of the public feel there is the right amount of regulation while almost a third (32%) feel there is currently too little. In contrast, among the charities questioned, just over half (55%) feel there is the right amount with 16% feeling there is too little.In terms of how the Charity Commission itself is viewed, levels of public trust and confidence remain steady at 6.0: the same as in 2015. A majority of charity respondents also give the Charity Commission a positive trust and confidence rating of 8-10 (66%, vs. 74% in 2015), although charities’ average trust and confidence score in the Commission has slightly declined since 2015 (7.8/10 vs. 8.3). 59% of the public agree that the Charity Commission’s role is ‘essential’ and a further 29% identify it as ‘very important’. Charities believe that the Commission is performing best on supporting trustees (7.8/10) and acting with authority and expertise (7.7/10).The survey questioned 1,002 members of the public with Computer Aided Telephone Interviews, 1,015 charities online, and 26 stakeholders through in-depth telephone interviews (charities, Government officials, umbrella bodies and professional advisors).  91 total views,  1 views today About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com. Melanie May | 13 July 2017 | Newslast_img read more

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Indiana Farm Bureau Health Care Legislation Sails Through House

first_img By Eric Pfeiffer – Mar 3, 2020 Indiana Farm Bureau Health Care Legislation Sails Through House Previous articleCould Interest Rate Cut be a Sign of ‘Trouble Brewing’?Next articleIndiana Farm Bureau Health Care Legislation Sails Through House and Colder Air Coming on the HAT Wednesday Morning Edition Eric Pfeiffer Facebook Twitter Indiana Farm Bureau Health Care Legislation Sails Through House“This was a great day for Indiana agriculture,” said Indiana Farm Bureau President Randy Kron after INFB’s health care benefits plan bill sailed through the Indiana House on Tuesday with a 93-2 vote.9 different House Representatives, Republican and Democrat alike, stepped up to the mic prior to the vote to express their support for the bill and tell stories they heard from their constituents about the necessity of this bill. Kron credits that to the strong grassroots movement at the statehouse this year.One of those that stood in support was Democrat Melanie Wright from Yorktown who heard this story from a prominent farmer in her district.“He just sent this to me last week. He said, ‘I paid $10,234.50 in insurance premiums. That’s no office visits covered, no prescription coverage, no dental. It’s just outpatient with a $5,000 deductible.’ So, I think this clearly covers a loophole that the people are being left out of. I’m so, so incredibly happy to get up here and speak on behalf of this bill.”The bill initially passed the Indiana Senate in overwhelming fashion with a 49-0 vote. Now, the bill needs to go back to the Senate for another vote after some minor amendments were made in the House. Kron says INFB nor Republican Senator Ed Charbonneau, who authored the bill, have issues with those amendments and it should sail through, again, either today or tomorrow. The bill then is off to Governor Holcomb for his signature. Kron doesn’t anticipate any issues there either.“I have talked to him numerous times about it. So, he’s fully aware of it and (so is) the Lieutenant Governor… they’ve been helpful. If you remember back to our state convention in French Lick, the governor even mentioned that our agendas align very closely. I’m not going to say that was an endorsement, but that’s probably as close as you can get to an endorsement on a lot of these issues.”Kron couldn’t give enough credit to Farm Bureau staff and members for their work to get this bill through.“A 49-0 vote and a 93-2 vote. That sounds like, ‘Well, that was a cakewalk. Pretty easy,’ but what you don’t realize is how much work went in to get to there. It’s taken a lot, and I just say ‘thank you’ to everybody for your effort.The goal is to have plans ready to be sold later this year that could begin on January 1st, 2021. We’ll have more with Kron later this week on what the plans might look like, knowing that details are a bit scarce right now.You will not need to be a farmer to take advantage of the health benefits package. All Indiana Farm Bureau members will be able to participate. You can learn more about Indiana Farm Bureau membership and other benefits here.You can see HAT’s previous coverage of the health benefits legislation below.INFB Trying to Find ‘Affordable’ Healthcare Options for MembersIndiana Farm Bureau Takes Aim at Health Care Improvements‘A Lot of Support’ in Indiana House and Senate for INFB Healthcare LegislationCould INFB Health Benefits Plan Bring Younger Generation Back to the Farm?Indiana Farm Bureau Health Benefits Legislation Clears Senate Home Indiana Agriculture News Indiana Farm Bureau Health Care Legislation Sails Through House SHARE Facebook Twitter SHARElast_img read more

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Egyptian authorities pressure editor by jailing his brother, colleagues

first_img February 1, 2021 Find out more News Kamal Elbalshy, the owner of a tourism company, was arrested on the street on 20 September after being recognized as the brother of the news website Darb’s well-known founder and editor, and was immediately placed in detention. EgyptMiddle East – North Africa Condemning abusesProtecting journalists Imprisoned Follow the news on Egypt Reporters Without Borders (RSF) is appalled by the way that the Egyptian authorities are persecuting people close to Khaled Elbalshy, a prominent website editor who covers human rights violations. After jailing two of his reporters, they are now holding his brother with the clear aim of putting pressure on Elbalshy himself. October 14, 2020 Egyptian authorities pressure editor by jailing his brother, colleagues February 6, 2021 Find out more News Shimaa Samy was the first victim. She was arrested in May after writing an article for Darb about Alaa Abdel Fattah, a blogger who has been held since the September 2019 protests. Then Darb reporter Islam Al-Kalhy was arrested when he went to Gizeh on 9 September to cover the protests that broke out there after a man died in detention. Both Samy and Al-Kalhy were charged with membership of a banned group and spreading false news. Organisation “The targeted and repeated jailing of people close to Khaled Elbalshy are clearly a way of making him suffer for his commitment to covering human rights violations,” said Sabrina Bennoui, the head of RSF’s Middle East desk. “Targeting his family and colleagues is appalling and disgraceful, and completely contrary to international law. Everything must be done to make these practices stop.” This is not the first time the Egyptian authorities have targeted journalists’ families. The son of Magdy Shendy, the editor of the daily Al-Mashhad, was detained for several days in September 2019, while the sister of well-known journalist Alaa Abdel Fattah was jailed last July.Egypt is ranked 166th out of 180 countries in RSF’s 2020 World Press Freedom Index. EgyptMiddle East – North Africa Condemning abusesProtecting journalists Imprisoned News Detained woman journalist pressured by interrogator, harassed by prison staff Receive email alerts to go further Khaled Elbalshy has been subjected for months to a smear campaign in local media outlets. Dozens of articles have accused him of being an “agent” of the Muslim Brotherhood – a political movement now regarded as a terrorist organization in Egypt – and of spreading “lies” about the government’s harassment of journalists. Less press freedom than ever in Egypt, 10 years after revolution RSF_en Before closing in on Khaled Elbalshy’s family, the authorities targeted journalists working for his website, which has been blocked since April. Al Jazeera journalist Mahmoud Hussein back home after four years in prison The judicial authorities have charged Kamal with spreading false news, membership of a banned group, misusing social media and “demonstrating” ­ – participating in a demonstration to mark the first anniversary of anti-government protests in 2019 that are known as the “20 September events.” Help by sharing this information News January 22, 2021 Find out morelast_img read more

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NASA’s Dawn Spacecraft Beams Back New Photo

first_img Community News Your email address will not be published. Required fields are marked * HerbeautyYou Can’t Go Past Our Healthy Quick RecipesHerbeautyHerbeautyHerbeautyA Mental Health Chatbot Which Helps People With DepressionHerbeautyHerbeautyHerbeauty9 Of The Best Family Friendly Dog BreedsHerbeautyHerbeautyHerbeauty5 Things To Avoid If You Want To Have Whiter TeethHerbeautyHerbeautyHerbeautyThe Dos And Don’ts Of Tinder You Must KnowHerbeautyHerbeautyHerbeautyYou’ll Want To Get Married Twice Or Even More Just To Put Them OnHerbeautyHerbeauty Make a comment Dawn took this image during its current orbit of Vesta, traveling from the day side to the night side. The large structure near the south pole that showed up so prominently in previous images is visible in the center of the illuminated surface. Compared to other images, this one shows more of the surface beneath the spacecraft in the shadow of night. Vesta turns on its axis once every five hours and 20 minutes.Dawn entered orbit around Vesta on July 15, 2011, and will spend a year orbiting the body. After that, the next stop on its itinerary will be an encounter with the dwarf planet Ceres.The Dawn mission to Vesta and Ceres is managed by NASA’s Jet Propulsion Laboratory. The University of California, Los Angeles, is responsible for overall Dawn mission science. The Dawn framing cameras have been developed and built under the leadership of the Max Planck Institute for Solar System Research, Katlenburg-Lindau, Germany, with significant contributions by DLR German Aerospace Center, Institute of Planetary Research, Berlin, and in coordination with the Institute of Computer and Communication Network Engineering, Braunschweig. The Framing Camera project is funded by the Max Planck Society, DLR, and NASA/JPL. 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. 21 recommended0 commentsShareShareTweetSharePin it Name (required)  Mail (required) (not be published)  Website  First Heatwave Expected Next Week Subscribe Top of the News center_img Community News LATEST NEWS NASA’s Dawn Spacecraft Beams Back New Photo Dawn entered orbit around Vesta on July 15, 2011, and will spend a year orbiting the body. From STAFF REPORTS Published on Friday, July 22, 2011 | 5:19 pm Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Business News Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyCitizen Service CenterPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes More Cool Stuff Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy last_img read more

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Five things you need to know today, Feb. 22

first_img OC employee of the year always learning WhatsApp Pinterest 2021 SCHOOL HONORS: Permian High School The Stonehenge replica on the University of Texas Permian Basin campus seen through ice on a car window Wednesday morning. The temperature was 27 degrees. Twitter WhatsApp Facebook ECISD undergoing ‘equity audit’ Home Local News Five things you need to know today, Feb. 22center_img Twitter Pinterest Take a look at the news in and around Odessa on Thursday, Feb. 22. Find complete local news coverage in the Odessa American every day, online at oaoa.com and our daily E-Edition at myoaoa.com.1. Odessa and Midland ministers said Wednesday, after the legendary Dr. Billy Graham died in North Carolina, that Graham had greatly inspired them and was one of the most important evangelists in history.2. The two Republicans vying to become the next Ector County judge staked separate positions Wednesday on a sales tax proposal that voters will consider in May.3. Ector County residents learned about the seven justice of the peace candidates and their platforms, and about the office itself, during a forum Wednesday night hosted by the Ector County Republican Women.4. Old arguments were rehashed and fingers pointed as candidates for Ector County commissioner offices discussed their platforms during the Ector County Republican Women’s meeting Wednesday afternoon. 5. IN SPORTS: The Permian and Odessa High boys basketball teams will travel to Abilene for their area round playoff matchups against Metroplex opposition, according to an ECISD release. Local News Five things you need to know today, Feb. 22 By admin – February 22, 2018 Texas Fried ChickenFoolproof Roasted Pork TenderloinFruit Salad to Die ForPowered By 10 Sec Mama’s Deviled Eggs NextStay Facebook Previous articleCommissioner candidates air dirty laundryNext articleFlu-like illness increases in Ector County admin RELATED ARTICLESMORE FROM AUTHORlast_img read more

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Three States Account for Nearly One-Third of the Country’s Negative Equity

first_img Previous: Economic Improvement Predicted for the Rest of 2015 Despite Market Volatility Next: Fed Keeps Federal Funds Target Rate At Zero to 1/4 Percent Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Market Studies, News Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: CoreLogic Negative Equity Underater Mortgages Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Brian Honea Three states accounted for nearly one-third of the nation’s negative equity in single-family residential mortgages, according to data released this week by CoreLogic.CoreLogic’s Equity Report for the Second Quarter of 2015 found that Nevada, Florida, and Arizona combined accounted for about 31.7 percent of the nation’s negative equity. This means that out of the 4.4 million mortgaged properties nationwide with negative equity as of the end of Q2, about 1.39 million of them were located in those three states.Nevada had the highest share of residential properties in negative equity (commonly referred to as “underwater” or “upside down”) in Q2 with 20.6 percent, followed by Florida, Arizona, Rhode Island, and Illinois, according to CoreLogic. The state with the highest percentage of homes with equity as of the end of Q2 was Colorado at 96.7 percent, followed by Montana, Hawaii, Alaska, and Texas.Only 14 states had a higher negative equity share than the national average in Q2, which was 8.7 percent, according to CoreLogic. The nationwide equity share for Q2 was 91.3 percent.Out of the top five metros (taken from the largest 25 metros in the nation) with the highest share of homes with equity, two of them were located in Texas. The metro area with the highest share of homes with equity was Houston, with 98.1 percent, followed by Portland, Anaheim, Dallas, and Denver. The metro area with the highest share of residential homes with negative equity was Tampa, with 20.2 percent, followed by Phoenix, Chicago, Riverside, and Warren (Michigan), according to CoreLogic.The 4.4 million properties with negative equity represented about 10.9 percent of all residential mortgages nationwide (50.2 million), according to CoreLogic. It was a decline of about 1 million properties from the same quarter in 2014. September 17, 2015 885 Views  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago CoreLogic Negative Equity Underater Mortgages 2015-09-17 Brian Honea Share Save Home / Daily Dose / Three States Account for Nearly One-Third of the Country’s Negative Equity Related Articles Three States Account for Nearly One-Third of the Country’s Negative Equity Subscribelast_img read more

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Delhi HC Asks CAT To Consider Commencing Hearing Via Video Conferencing [Read Order]

first_imgNews UpdatesDelhi HC Asks CAT To Consider Commencing Hearing Via Video Conferencing [Read Order] LIVELAW NEWS NETWORK8 May 2020 4:26 AMShare This – xIn its recent order, the Delhi High Court has urged the Central Administrative Tribunal (CAT) to consider commencing hearing of urgent matters via video conferencing during the lockdown period, so that the litigants do not suffer on account of in-access to justice. The appeal has been made by a bench of Justice C. Hari Shankar while dismissing a Service Matter filed in the High…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?LoginIn its recent order, the Delhi High Court has urged the Central Administrative Tribunal (CAT) to consider commencing hearing of urgent matters via video conferencing during the lockdown period, so that the litigants do not suffer on account of in-access to justice. The appeal has been made by a bench of Justice C. Hari Shankar while dismissing a Service Matter filed in the High Court, owing to non-functioning of the CAT. In the backdrop, an employee of the North Delhi Municipal Corporation had approached the High Court for quashing of the disciplinary proceedings pending against him for over 7 years, due to which he was precluded from opting for voluntary retirement. Refusing to entertain the petition for it being purely a “service matter”, the High Court highlighted that the Petitioner’s case lie under the Administrative Tribunals Act, 1985, and was thus amenable to adjudication by the Central Administrative Tribunal. The court stated that in light of the observations made by the Supreme Court in L. Chandra Kumar v Union of India, (1997) 3 SCC 261, the High Court was “entirely proscribed” from entertaining the Petitioner’s cause as a court of first instance. “…Tribunals will, however, continue to act as the only courts of first instance in respect of the areas of law for which they have been constituted. By this, we mean that it will not be open for litigants to directly approach the High Courts even in cases where they question the vires of statutory legislations (except, as mentioned, where the legislation which creates the particular Tribunal is challenged) by overlooking the jurisdiction of the Tribunal concerned,” the Supreme Court had held therein. Accordingly, while acknowledging that even in service matters there may conceivably be cases of pressing urgency which “brook no delay”, the High Court has urged the CAT to commence hearings via video conferencing, so that the High Courts are not unnecessarily flooded with more of such petitions. “In view of the fact that, by virtue of the law laid down in L. Chandra Kumar1 , such disputes cannot be urged before the High Court as a court of first instance, the Hon’ble Chairman of the Central Administrative Tribunal is respectfully requested to examine the feasibility of commencing hearing, of urgent matters, by video conferencing, so that this Court, as also other High Courts, are not swamped by a deluge of petitions which, otherwise, would lie within the jurisdiction of the Central Administrative Tribunal,” Justice Hari Shankar observed. He further remarked that if apposite steps in this direction are not taken, “it may become highly questionable whether, even in extremely urgent cases, the High Court could, in the teeth of the said proscription, entertain a service matter, otherwise amenable to the jurisdiction of the Central Administrative Tribunal, even if the case is of extreme urgency.”Considerably, the CAT’s Principal bench and its branches across the country have not been functioning since March 20, due to the lockdown. A notification dated May 2 has been issued for hearing of cases via VC, however no case has been taken up till date. Case Details: Case Title: Lalit Kumar Gupta v. North Delhi Municipal Corporation Case No.: WP (C) 3055/2020 Quorum: Justice C Hari Shankar Appearance: Advocate Shashank S. Mangal (for Petitioner); Standing Counsel Akhil Mittal (for NDMC) Click Here To Download Order Read Order Next Storylast_img read more