The Enforcement of Security Interest and Recovery of Debt Laws and Miscellaneous Provisions (Amendment) Bill, 2016’

JUNE 8, 2016 | EDIT

Joint Committee on the Enforcement of Security Interest and Recovery of Debt Laws and Miscellaneous Provisions (Amendment) Bill, 2016 seek views and suggestions from various stakeholders and public on the provisions of the said Bill by 22nd June, 2016

The Enforcement of Security Interest and Recovery of Debt Laws and Miscellaneous Provisions (Amendment) Bill, 2016 has been referred to a Joint Parliamentary Committee of both the Houses, under the Chairmanship of Shri Bhupender Yadav, M.P. for examination and presenting a Report to the Parliament. The Bill seeks to amend the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, the Recovery of Debts due to Banks and Financial Institutions Act, 1993, the Indian Stamps Act, 1899 and the Depositories Act, 1996 with the aim to improve ease of doing business and facilitate investment leading to higher economic growth and development.

It has been decided by the Joint Committee to seek views and suggestions from various stakeholders and public at large on the provisions of the aforesaid Bill. ‘The Enforcement of Security Interest and Recovery of Debt Laws and Miscellaneous Provisions (Amendment) Bill, 2016’has been uploaded on Lok Sabha websitehttp://164.100.47.4/…/LSBi…/Asintroduced/144_2016_LS_Eng.pdf.

All those desirous of submitted their views/suggestions to the Committee may send two copies of their written Memoranda/suggestions either in English or Hindi on the Bill to Joint Secretary (SL), Lok Sabha Secretariat, Room No. 336, Third Floor, Parliament House Annexe, New Delhi-110001 or Fax at 23092092 or e-mail at sudesh@sansad.nic.in by 22nd June, 2016.

The Memoranda submitted to the Committee would form part of the records of the Committee and would be treated as strictly confidential and not circulated to anyone, as such an act would constitute a breach of privilege of the Committee.

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We made history, Naresh

JUNE 8, 2016 | EDIT

Naresh —

Tonight, we made history.

After all our hard work and tough fights — and an unwavering commitment to love, kindness, our country, and each other — we broke one of the highest, hardest glass ceilings in America.

Together, we secured the Democratic nomination. For the first time ever, a woman will be a major party’s nominee to become President of the United States.

We’re here because of you, Naresh — and this November, we’re going to win this election and write another chapter in the story of our country. If you’re with me, chip in right now, and let’s keep fighting. When you do, we’ll send you a free sticker so you can show the world you’re on this team.

I have to tell you, I wish my mother were here to see this.

She was my rock from the day I was born until the day she left us. This past Saturday would have been her 97th birthday — she was born the same day Congress passed the 19th Amendment to give women the right to vote.

I wish she could have seen this team and your extraordinary conviction — how you never stopped fighting, no matter how tough this election got. How your voices lifted this campaign up in communities all across the country. How your investment in the values we share made this moment possible.

We’ll need that same energy and commitment going forward, because the stakes of this election could not be higher.

We cannot let a man who demeans women, attacks people for their race or religion, and traffics in paranoid conspiracy theories take the Oath of Office.

We won’t let a man who said he’ll order our troops to commit war crimes by killing the wives and children of suspected terrorists become Commander-in-Chief.

This election isn’t about the same old fights between Democrats and Republicans, Naresh. It’s about who we are as Americans. And it is an argument we must win.

What we did tonight is proof of what we can do when we work together. Don’t let anyone tell you that what we’ve achieved here isn’t important. And don’t let anyone tell you that we can’t win this election.

I know we have the strongest team in this campaign, and because of you, we’re going to win the White House this November and make history — again. Right now, all I need to know is that you’re with me.

Chip in now, and let’s win this fight together:


Thanks,

Hillary

Hillary just made history — chip in $1 to join more than 1.3 million grassroots donors standing with her:

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Indo-US Trade Seven Dating No Engagement $21.1b to $21.7b

JUNE 8, 2016 | EDIT

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Brazilian police raid Olympic construction offices

JUNE 8, 2016 | EDIT

Brazilian police raid Olympic construction offices amid corruption investigation

Brazilian federal police have raided the offices of the consortium responsible for Olympic construction projects at the Deodoro venue, which will host 11 competitions at the upcoming Games. Police said in a statement that they carried out search warrants at the Rio de Janeiro premises, which is made up of the construction firms OAS SA and Queiroz Galvao. Authorities also raided the offices of two unnamed companies which worked at the consortium, Reuters reported. It comes after federal prosecutors confirmed they had found evidence of fraud in earthmoving services at the Deodoro venue. The 2016 Olympic Games are scheduled to kick off in Rio de Janeiro on August 5.

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Glyphosate: Crushed it!

JUNE 8, 2016 | EDIT

Dear Avaazers,

18 months ago, Monsanto’s vast chemical-agricultural empire was rock solid.

Now, after over 2 million of us ran 20 campaigns, with millions of signatures, messages, phone calls, stunts, advocacy meetings and media stories… the future of the ‘Monsanto model’ is actually in question!!

The European Union just refused to grant Monsanto a new license for its flagship product – the pesticide glyphosate. This is massive – glyphosate accounts for up to a third of all Monsanto’s revenue!

“Looking to where we were in the beginning of this year and where we are now, Avaaz is indisputably the driving force of the fight for glyphosate discontinuance.”
Pavel Poc, Vice-Chair of the EU Parliament’s Environment Committee, and key leader of the glyphosate fight

Collage Monsanto model
This is far from over. But it’s an utter game-changer for countries like Germany, France and Italy to challenge the basis of Monsanto’s entire business model.

Avaaz delivers glyphosate petition at the EU parliament
Avaaz petition delivered to European Parliament

We haven’t been knee-jerk anti-pesticide. Our campaign calls for a suspension until independent science determines the safety of glyphosate. We’ll keep fighting, but if the EU allows 18 months for a new scientific process to weigh in, and we can ensure that process is truly independent, we could win this!!

We can also use the next 18 months to focus scrutiny on the global environmental impact of the Monsanto model, which is turning the surface of our planet into strange, toxic “biodeserts” where only one genetically modified Monsanto crop can grow.

Like with climate change and the Paris agreement, Avaaz has mobilised people on this issue at an unprecedented scale – we’ve taken the fight against Monsanto to a whole new level, and now it’s up to all of us, over the next 18 months, to win it.

First big oil, now Monsanto. We are taking on the dragons of our world. But if we stick together, and choose to believe and act, we can do anything.

With hope and determination,

Ricken, Alice, Bert, Pascal and the whole Avaaz team

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World Bank forecasts India ‘s growth at 7.6

JUNE 8, 2016 | EDIT

World Bank forecasts India ‘s growth at 7.6-7.7 per cent for 2016-17 and 2017-18
The World Bank in its latest report entitled “Global Economic Prospects: Divergences and Risks” has forecasted India’s growth to 7.6-7.7 per cent for 2016-17 and 2017-18, two percentage points lower than predicted by the Bank in January.

The Bank further cautioned India against “notable headwinds.” It said rural consumption has been hard-hit by two years of poor monsoons (rainfall in 2015/16 was 14 per cent below the historical average). Despite five interest rate cuts since 2015, credit growth to the corporate sector remains sluggish because of stressed asset quality in the banking sector (especially for claims on the aviation, infrastructure, iron, and steel sectors), it said, adding that weak exports weigh on growth and February marked the 15th consecutive month of decline.

However, it also said rural incomes and spending should improve with the return to normal monsoons, as the benefits of direct transfers through the rolling out of the mobile banking initiative and improvements in agricultural productivity improve.

The report said that FDI to India surged 37 per cent from the launch of the ‘Make in India ‘ campaign in October 2014 to February 2016, with the computer software and automotive sectors attracting the bulk of this investment,”.

The ensuing job creation from strengthening economic activity and boost to real income from low inflation and increase in wages are lifting urban consumption. Furthermore, increased public investment in power generation, roads, railways and urban infrastructure is contributing to an improved business environment and reduced supply-side constraints.

In addition, the government’s planned investment in infrastructure, and the streamlining of business procedures and of the tax regime, are expected to alleviate some constraints, and crowd in private investment, it said.

Nonetheless, private investment will still be held back by infrastructure bottlenecks, a challenging regulatory environment, and by tight credit amidst the ongoing resolution of stressed assets in the banking sector. If implemented as planned, continued fiscal consolidation from 2016 onwards should support investor confidence in India through future bouts of turmoil in global financial markets, the report said.

The Bank downgraded its 2016 global growth forecast to 2.4 per cent from the 2.9 per cent pace projected in January.