Category «ohdklafyxzva»

Banco Popular addresses capital

first_img Share Tuesday 16 November 2010 9:22 pm Spanish bank Banco Popular is to reinforce its position ahead of the new Basel III regime on capital adequacy, with plans to raise up to €679m (£577m) of new capital. The bank will strengthen its capital base by €579m-€679m with a 3 per cent capital increase taken up by France’s Credit Mutuel-CIC, and a €400-500m bond issue for retail investors compulsorily convertible into shares. Chairman Angel Ron said: “Banco Popular’s capital will be well above the minimum core capital requirements and will thus achieve a position of advantage.” Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap KCS-content Banco Popular addresses capital whatsapp Tags: NULL Show Comments ▼ whatsapplast_img read more

Chemco Limited ( Q12015 Interim Report

first_imgChemco Limited ( listed on the Stock Exchange of Mauritius under the Chemicals sector has released it’s 2015 interim results for the first quarter.For more information about Chemco Limited ( reports, abridged reports, interim earnings results and earnings presentations, visit the Chemco Limited ( company page on AfricanFinancials.Document: Chemco Limited (  2015 interim results for the first quarter.Company ProfileChemco Limited specialises in the formulation, manufacturing, blending and trading of chemicals. The company operates as one of the subsidiaries of Harel Mallac & Co. Ltd. Chemco Limited company engages in the production and sale of agro chemicals, specialty chemicals and consumer goods.  Chemco Limited is headquartered in Port Louis, Mauritius. Chemco Limited is listed on the Stock Exchange of Mauritius.last_img read more

Morning Light Co Ltd ( Q12017 Interim Report

first_imgMorning Light Co Ltd ( listed on the Stock Exchange of Mauritius under the Tourism sector has released it’s 2017 interim results for the first quarter.For more information about Morning Light Co Ltd ( reports, abridged reports, interim earnings results and earnings presentations, visit the Morning Light Co Ltd ( company page on AfricanFinancials.Document: Morning Light Co Ltd (  2017 interim results for the first quarter.Company ProfileMorning Light Co. Limited engages in the tourism and leisure industry. Morning Light Co. Limited is headquartered in Beau Bassin, Mauritius and owns a resort hotel under the Hilton Mauritius Resort & Spa name. Morning Light Co. Limited is listed on the Stock Exchange of Mauritius.last_img read more

How I’d invest £500 a month to make four figures a year in passive income

first_img See all posts by Jonathan Smith Jonathan Smith | Thursday, 11th March, 2021 Our 6 ‘Best Buys Now’ Shares Image source: Getty Images. jonathansmith1 has no position in any of the shares mentioned. The Motley Fool UK has recommended GlaxoSmithKline. 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. Enter Your Email Address Simply click below to discover how you can take advantage of this.center_img Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. “This Stock Could Be Like Buying Amazon in 1997” Sometimes I can get ahead of myself when it comes to thinking about passive income. Of course, I’d love to make enough to retire tomorrow and spend more hours playing tennis and golf. But as an alternative, making just four figures a year in passive income would also be fantastic. Reducing the amount of income I need to make also reduces the cash I need to be investing each month, making it less of a burden on me month-to-month.How to target passive income from investingIn theory, I don’t have to just look to dividends from stocks to make me passive income. For example, Buy-to-let property and bonds are both alternatives that can offer income.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…But my preference would be to buy solid UK stocks that pay out a regular dividend a few times a year and to hold them for as long as possible. For example, take GlaxoSmithKline. The company details the dates of each quarter that the dividend will be paid. Closer to the time, the amounts will also be released. So if I buy shares in GSK today, I’ve got reliable information about the passive income that I’ll be making over time.The main risk to using stocks to make passive income is my ‘priority’ as a shareholder. If I was a bondholder, I’d be guaranteed my coupon payments. This ranks higher than my rights as someone who owns shares. After these coupon payments, profit that’s left over is available to be paid as a dividend. But due to the pandemic, profits were severely dented and even some well-known names stopped paying dividends as they couldn’t afford it. For the record, GSK maintained a dividend over this period.Although investing in stocks is inherently more risky, than some other investments, I feel the potential rewards are worth it. And I think I can find safer stocks that are less likely to cut or cancel their payouts.Let’s run the numbersOk, so now let’s look at how an investment of £500 a month adds up. I think I can target a 6% dividend yield by investing in several top stocks (for reference, the GSK dividend yield is 6.32%). So after a year, my £6,000 pot would potentially be making me £360 a year. At the end of year three, my dividend stocks could be generating me £1,080. This four-figure annual sum is clearly very obtainable, and something that I can achieve after only a relatively short period of time.Taking it from four figures a year to four figures a month requires more patience and time. It would take me close to 33 years to generate £12,000 a year, or £1,000 a month, in passive income. A good point to remember though is that there’s nothing stopping me getting to four figures a year and keeping going. If I don’t need the £500 for other pursuits, I may as well keep investing it for the long term. And if I decide to reinvest my dividends for a few years, I can take advantage of the power of compounding, building up a bigger pot for when I eventually decide to draw a passive income further down the line. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! How I’d invest £500 a month to make four figures a year in passive incomelast_img read more

Tropical Chalet / G8A Architecture & Urban Planning

first_img “COPY” Photographs ArchDaily “COPY” Photographs:  Hiroyuki Oki Manufacturers Brands with products used in this architecture project Tropical Chalet / G8A Architecture & Urban Planning Save this picture!© Hiroyuki Oki+ 16Curated by Hana Abdel Share Projects Houses 2020 CopyHouses, Sustainability•Da Nang, Vietnamcenter_img Architects: G8A Architecture & Urban Planning Area Area of this architecture project Year:  CopyAbout this officeG8A Architecture & Urban PlanningOfficeFollowProductBrick#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesSustainabilityDa NangSustainable ArchitectureOn InstagramOn FacebookBrick HousesVietnamPublished on October 16, 2020Cite: “Tropical Chalet / G8A Architecture & Urban Planning” 16 Oct 2020. ArchDaily. Accessed 10 Jun 2021. ISSN 0719-8884Browse the CatalogSinkshansgroheBathroom Mixers – LogisVinyl Walls3MExterior Vinyl Finish – DI-NOC™ StonePartitionsSkyfoldWhere to Increase Flexibility in SchoolsTiles / Mosaic / GresiteCupa PizarrasVentilated Facade – CUPACLAD UprightGlassLAMILUXGlass Roof PR60ConcreteKrytonCrystalline Waterproofing – KIMSkylightsVELUX CommercialAtrium Longlight Skylights in ExperimentariumMetal PanelsLorin IndustriesAnodized Aluminum – Copper FinishesStonesFranken-SchotterWall Covering & CladdingWindowsRabel Aluminium SystemsMinimal Casement Windows – Rabel 8400 Slim Super Thermal PlusSwingsStudio StirlingHanging Chair – BasketWallcovering / CladdingArrigoni WoodsWood Cladding – AcousticMore products »Save想阅读文章的中文版本吗?热带木屋 / G8A Architecture & Urban Planning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 Area:  385 m² Year Completion year of this architecture project ShareFacebookTwitterPinterestWhatsappMailOr Clipboard Vietnam Tropical Chalet / G8A Architecture & Urban PlanningSave this projectSaveTropical Chalet / G8A Architecture & Urban Planning ShareFacebookTwitterPinterestWhatsappMailOr Clipboard Manufacturers: AutoDesk, Hafele, Legrand, Malloca, Trimble NavigationArchitect In Charge:Manuel Der Hagopian, Grégoire Du PasquierDesign Team:Manuel Der Hagopian, Andrea Archanco Astorga, Hoang Khiem LeEngineering And Construction:Meico Construction & InteriorLandscape:G8A Architecture & Urban PlanningConsultants:Full House DesignEngineering:Meico Construction & InteriorConstruction:Meico Construction & InteriorCity:Da NangCountry:VietnamMore SpecsLess SpecsSave this picture!© Hiroyuki OkiRecommended ProductsWoodBlumer LehmannFree Form Structures for Wood ProjectsWoodEGGERWood-based materials in EGGER HeadquartersWoodGustafsWood Veneered Wall & Ceiling PanelsDoorsGorter HatchesRoof Hatch – RHT AluminiumText description provided by the architects. The four-bedroom family villa “Tropical Chalet” reflects the simplicity of its idyllic context through a porous design that welcomes the surrounding environment of lake-front greenery. The rectangular plot is cushioned in a new-town residential area on the Vietnamese coastal region of Danang, a tranquil environment close to the seaside.Save this picture!© Hiroyuki OkiSave this picture!Ground Floor PlanSave this picture!© Hiroyuki OkiThe land gives onto a lake revealing the marine panorama that is optimized by the L shaped massing of the building. The large surrounding garden respects the native context and breaths a cooling and placid atmosphere for the family to enjoy.Save this picture!© Hiroyuki OkiTwo main elements form the design rhythm and narrative for the project. Firstly, the porosity of the brick moucharabieh façade in combination with the recessed gallery creates a certain transparency that welcomes exterior elements of sunlight, cross ventilation and panoramic views into the communal areas. The ground-floor’s shared spaces of dining hall, living room and kitchen are simultaneously open yet protected from sporadic costal weather conditions.Save this picture!© Hiroyuki OkiSecondly the remarkable form of the geometric and undulating roof continues the design narrative, creating uniqueness of perspective and a varied experience for each user. From the interior the roof represents a smooth cool surface of waxed concrete hiding from the viewer the structural framework of the terracotta tiled roofing. This “double roof façade”, visually discrete, strengthens sustainable qualities of the project by offering cooling characteristics.Save this picture!© Hiroyuki OkiMaterials were chosen not only for their sturdiness and climate resistance, particularly bricks with their high insulation qualities. But also, their minimal and natural aesthetic, once again blending with the surrounding landscape. A strong presence of wood, textured concrete and rough brick highlight the organic nature of the concept, referring also to the historical context of Danang’s baked brickwork that has been used as early at the 4th century.Save this picture!© Hiroyuki OkiProject gallerySee allShow lessCall for Entries: 7th Edition of Bringing Light to Life Architectural Design AwardsOpportunitiesLoop of Wisdom Museum & Reception Center / Powerhouse CompanySelected Projects Sharelast_img read more


first_img  189 total views,  1 views today Advertisement AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis28  190 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis28 Tagged with: Fundraising ideas IWITOT This year’s I Wish I’d Thought of That is underway at Amnesty International in London, and you can watch it live.The annual event features fundraisers sharing one of their favourite fundraising campaigns that they’d wish they’d thought of. Each has just seven minutes to present.The audience get to hear some inspiring fundraising ideas and successes from ancient fundraising history to the current day. They also get to vote on them at the end of the day to find the best idea.The event is brought together by Open Fundraising and helps raise funds for SOFII, the Showcase of Fundraising Inspiration and Innovation. This year is different. An anonymous donor has pledged to give up to £1000 to SOFII in matched giving. So MD James Briggs invited those in the audience to donate to help maximise this opportunity.Look out for the three winners of I Want To Talk At That. They are new speakers presenting for the first time, but have received presentation help from mentors over the past few months. Howard Lake | 18 January 2018 | News About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of Researching massive growth in giving. WATCH LIVE: IWITOT 2018last_img read more

Why build workers’ assemblies

first_imgSharon BlackWW photo: Brenda RyanTalk given at the WWP conference by Sharon Black.The new low-wage workers movement is really a movement in embryo form that is taking on the global problem of fighting low wages. In some parts of the world, like Bangladesh, the workers are way ahead. They have been engaging in revolts to raise the minimum wage.There’s a lot of debate going on about the Service Employees International Union and Fast Food Forward. Are they doing the right thing in their organizing drives? But I would submit that the biggest problem for the low-wage workers movement is arousing and engaging the entire working class, not just because it’s so needed for its success but because a huge section of the working class is low wage.The recent studies show that 50 percent of the working class makes less than $15 an hour. People are poor! What Sam Marcy said in “High Tech, Low Pay,” that capitalism has impoverished the working class, is now a full-blown global phenomenon.The Workers’ Assembly is a vehicle that can help us fight this phenomenon on an independent class basis. There were earlier forms. The Million Worker March was an example.Uniting the working class as a classBaltimore brought a wonderful delegation of people from the workers’ assembly there.We have a great delegation of American Federation of Government Employees workers. It’s a myth that federal workers are well-paid and privileged. The truth is that a vast majority of them are poorly paid — they are mostly, Black, Latino/a and women. Why should they be fighting against government shutdowns and furloughs alone and isolated? Why shouldn’t they stand together with the postal workers, who are fighting another form of austerity?Look at the [Boston] school bus drivers. Why should a brave union like this stand alone against an international corporation with global tentacles around the world?Why shouldn’t the workers fight as an entire class on a global basis?That is what a workers’ assembly has the potential to do — to unite and elevate our demands on a political basis. We have not maximized this or fully succeeded, but it illuminates the potential for the assemblies.Take the issue of police killings and mass incarceration. The union movement has finally begun to address this in small ways. A good resolution on mass incarceration was passed at the 2013 AFL-CIO convention [in Los Angeles]. This is something the working-class movement has to take on — not just the bread and butter issues, but also the important political and social issues like racism, mass incarceration and unemployment that affect the entire working class.Organizing problems for this present periodI come from an older generation. When I was 18, I was able to get a job in a garment factory, later in an auto plant, and then for 17-plus years I worked at a food processing plant. The terrain which my generation struggled in, which could be described as the traditional union movement, was easier.When I was younger, you could get up and shut the whole plant down. You could exercise working-class power. But it’s much harder now for younger workers.Capitalism at this stage has atomized workers in a way previously unheard of. Workers can be anywhere — in smaller workplaces, spread out. They could be in India or Los Angeles, in Burger King or hidden in a warehouse or working behind a computer. It makes it harder to organize.It shows that you have to develop new tactics, new strategies and the workers’ assembly can be one of them that enables the working class to come together and exert its power.Jobless crisisWe are now in the greatest jobless capitalist recovery in history — a recovery that is for the bosses — and joblessness and misery for over 30 million people, most of them youth. This crisis is a departure from the past boom and bust cycles of capitalism, where workers returned to the economy when there was a recovery.Young people are now facing a system where they may never work . It’s not only true in this country — especially for the most oppressed youth — but for the entire world.I am so glad that Larry Holmes raised the issue of a “Jobs, not jails” youth march. For a number of reasons, we didn’t get a chance to raise a proposal like this to the national AFL-CIO convention. But it doesn’t mean we can’t revisit it. The unions have the resources, the buses and all that’s needed to help the unemployed, underemployed and low wage youth.While talking about the workers’ assemblies, we need to take the union movement up on their call for inclusion with the community. We need to go to the state and city AFL-CIO councils and see where we can participate and where we can raise this proposal.Sharon Black ended her remarks by calling on participants to not only build people’s and workers’ power, but explained the need to build Workers World Party. She also referred to the Cuban revolution’s use of the thousands of workers’ assemblies which provided working-class democracy to the workers.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Mayor welcomes the re-opening of non-essential retail across Limerick

first_imgFacebook MAYOR of the City and County of Limerick Cllr Michael Collins has today urged the people of Limerick to ‘support local’ as non-essential retail resumes for many businesses following the lifting of COVID-19 restrictions.Mayor Collins is encouraging Limerick people to think Limerick and shop local but also calling on all supporting them to adhere to social distancing guidelines, wear facemasks and be patient.Sign up for the weekly Limerick Post newsletter Sign Up Limerick City and County Council has worked to support Limerick businesses throughout Covid-19 to ensure they can recover strongly as the economy reopens. The €9.1 million revitalisation of O’Connell Street, combined with the installation of buildouts to increase footpath widths, will help to increase footfall in both Limerick City and towns across the county, which will in turn deliver more business for the retail and hospitality sectors. The re-opening of Limerick’s non-essential retailers follows the re-opening of Limerick’s hairdressers, museums and galleries and resumption of religious services last week – more milestones in the re-opening of Limerick from Covid-19 restrictions.Mayor of the City and County of Limerick Cllr Michael Collins said: “Today marks the first time in 2021 that Limerick retailers can open and welcome customers back into stores. This is an important step in Limerick’s recovery from Covid-19 and I hope that everyone across the county will think Limerick and shop local so that we can support the shops and stores that employ many people across the county.”“Although today is a day to be celebrated, we also need to be aware that Covid-19 hasn’t gone away and everyone in Limerick needs to adhere to social distancing guidelines and continue to wear facemasks while out shopping. Stopping the spread of the virus is the best way to ensure Limerick’s retailers can keep their doors open for customers and avoid any further restrictions, which would further damage businesses and risk Limerick jobs.”Limerick City and County Council has been supporting businesses throughout the pandemic. The Local Enterprise Office has been offering advice and grants, while has been operating its Shop Limerick campaign. All the local stores signed up to Shop Limerick can still be accessed through Limerick re-opens is the place to visit for everything that’s happening and place to eat and shop. Previous articleOver €400,000 for upgrade works on Limerick’s rural roads and lanewaysNext articleWATCH: John Kiely on the ‘major concerns’ facing the game of hurling Staff Reporter Email Print Donal Ryan names Limerick Ladies Football team for League opener WhatsApp WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads Limerick’s National Camogie League double header to be streamed live RELATED ARTICLESMORE FROM AUTHORcenter_img Linkedin Limerick Ladies National Football League opener to be streamed live TAGSCllr Michael CollinsKeeping Limerick PostedlimerickLimerick Post Advertisement Twitter NewsBusinessLimerickLocal NewsMayor welcomes the re-opening of non-essential retail across LimerickBy Staff Reporter – May 17, 2021 89 Billy Lee names strong Limerick side to take on Wicklow in crucial Division 3 clash Roisin Upton excited by “hockey talent coming through” in Limericklast_img read more

10 Cities Where Homebuyers are Most Stretched

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Total household debt has increased by $219 billion or 1.6 percent to $13.51 trillion in the third quarter of 2018, according to the latest Quarterly Report on Household Debt and Credit by the Federal Reserve Bank of New York.According to an analysis by, these debt burdens vary by the housing market of a city or a region. Keeping this factor in mind, the analysis looked at places where homebuyers were the deepest and least into debt. analyzed the debt-to-income ratios (DTI) that account for all debt owed by mortgage applicants, divided by their pretax income. The team then analyzed mortgages taken out over the first eight months of 2018 and calculated the median debt-to-income ratio for mortgage borrowers in the 200 largest metropolitan areas to get the cities where homebuyers had the most and least debt.The city with homebuyers with most debt was Honolulu, Hawaii, where the median mortgage borrower’s DTI stood at 45.1 percent. With a median home price of more than $600,000, the analysis found that the median household income in Honolulu was at only $81,300 accounting for this disparity.With a median mortgage borrower’s DTI at 43.4 percent and a median home price of approximately $389,000 Riverside, California came in second on the list of cities with homebuyers with the most debt to their name, thanks to a low median income of around $62,000.Cape Coral, Florida, with a median home price of $299,000 and a DTI of 43 percent was third on this list followed by Lakeland, another Florida city and El Paso, Texas, that rounded off the top five cities on this list. Other cities that featured on this list included Stockton, California; McAllen, Texas; Greeley, Colorado; Las Vegas, Nevada; and New York, New York.Huntsville, Alabama topped the list of cities where homebuyers were least stretched, according to the analysis with a DTI of 33.6 percent and a median list price of approximately $259,000. Ann Arbor, Michigan was second on this list, followed by Fayetteville, Arkansas; Durham, North Carolina; and South Bend, Indiana that rounded off the top five on this list. debt DTI Federal Reserve Bank of New York Home Homebuyers household HOUSING Income 2018-11-27 Radhika Ojha Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Market Studies, News Tagged with: debt DTI Federal Reserve Bank of New York Home Homebuyers household HOUSING Income Home / Daily Dose / 10 Cities Where Homebuyers are Most Stretched Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Related Articles Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. center_img Share Save The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post Previous: A ‘Meaningful’ Change Next: Slowing Gains 10 Cities Where Homebuyers are Most Stretched Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago November 27, 2018 2,024 Views About Author: Radhika Ojha Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

Initiating Debate: An Urgent Need for Emergency Supreme Court Procedures [Read Proposed Draft Rules]

first_imgColumnsInitiating Debate: An Urgent Need for Emergency Supreme Court Procedures [Read Proposed Draft Rules] Shyam Divan, Senior Advocate13 May 2020 12:51 AMShare This – x[Editorial Message: Dear Readers,The unprecedented COVID-19 crisis has thrown out of gear the normal functioning of Courts across the country. While our courts have swiftly adopted the new ways of technology to address the urgent concerns of litigants, this situation also highlights the importance of having a concrete and set-in procedure for addressing such emergencies, which may arise…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?Login[Editorial Message: Dear Readers,The unprecedented COVID-19 crisis has thrown out of gear the normal functioning of Courts across the country. While our courts have swiftly adopted the new ways of technology to address the urgent concerns of litigants, this situation also highlights the importance of having a concrete and set-in procedure for addressing such emergencies, which may arise in future. Rather than ad-hocism, we need a fool proof procedure in place, which can take care of all exigencies. With this objective, LiveLaw is initiating a debate on reform measures needed for court procedures. The series starts with the article written by Shyam Divan, Senior Advocate, Supreme Court, where he discusses the need for emergency procedures in SC.To take the debate forward to a meaningful conclusion, LiveLaw cordially invites response from all the readers on this topic. The responses may be send to “[email protected]”/”[email protected]”, with the Subject : Emergency Court Procedures”.Warm RegardsLiveLaw Editorial Board] Over the past few days my chamber colleagues and I discussed the impact of the Covid-19 pandemic on access to justice here in India and elsewhere. As we deliberated, we felt that at times like these, the legal community, particularly courts, must respond by upgrading their infrastructure and quickly putting in place a new set of procedural rules. This is imperative because the general sense is that a return to the pre-pandemic manner of working may take several weeks, if not months. Let me set out what I believe are the most important objectives: (a) restoring the working of the Supreme Court of India in a meaningful manner where access to justice is restored; and (b) ensuring that no one in the business of administration of justice in the Supreme Court is put to enhanced risk by the Covid-19 disease. How do we achieve these objectives? Keen as we all are for resumption of physical courts, I do not see this as a realistic possibility for several weeks, possibly months. This is because many factors weigh against reopening of physical courts. Adopting even the most stringent physical distancing rules, there remains a very strong likelihood: a) Lawyers, clients, support staff, members of the Registry will in the coming months get infected. Frankly, all of us are at risk and will continue to be so until the disease abates. b) Decision makers will not allow physical reopening even post lockdown so long as there remains a non-negligible risk of spreading of Covid 19 through courts. c) A large number of community members who are in and out of court belong to sections of the community who are medically vulnerable and high risk groups. d) It will be several weeks, if not months before decision makers can confidently assess as negligible, the risk of exposure to Covid-19 in a court building. In this backdrop, what are the options? I do not see an early return of physical court hearings. In other words, if the courts are to function in the near term there is no option except to adopt as a temporary measure virtual courts. The default position is that the present mode of functioning with some cosmetic changes will drag on. This would be most unsatisfactory. This brings me to draft rules appended to this article. The purpose of the draft rules is to initiate a discussion that hopefully will result in a new set of procedural rules. Unless we have formalized procedures, the current ad hocism will continue. Both from the standpoint of access to justice as well as protecting the health of those involved in the administration of justice, there is in my view no choice but to have structured virtual court hearings at least for the next few months. It is the duty of all of us who are involved in the serious business of administration of justice to find solutions. Doubtless, we need a sharp upgrade in the quality of technical infrastructure which must be introduced with the help of technical experts. The Supreme Court of India has an opportunity to lead the way by swiftly adopting emergency pandemic rules to restore court operations post-lockdown. Click here to download the ‘Draft Rules’Read ‘Draft Rules’   Next Storylast_img read more