Supreme Court Issues Notice To Centre On Plea Seeking Appointment Of Regular CBI Director

first_imgTop StoriesSupreme Court Issues Notice To Centre On Plea Seeking Appointment Of Regular CBI Director LIVELAW NEWS NETWORK11 March 2021 11:47 PMShare This – xThe Supreme Court on Friday sought the response of the Central Government on a PIL filed by NGO Common Cause seeking the appointment of a regular director for the Central Bureau of Investigation.The public interest litigation opposes the appointment of Mr. Praveen Sinha as an interim / acting CBI Director, after expiry of the term of the last incumbent viz. Mr. Rishi Kumar Shukla on February…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Supreme Court on Friday sought the response of the Central Government on a PIL filed by NGO Common Cause seeking the appointment of a regular director for the Central Bureau of Investigation.The public interest litigation opposes the appointment of Mr. Praveen Sinha as an interim / acting CBI Director, after expiry of the term of the last incumbent viz. Mr. Rishi Kumar Shukla on February 2 this year.A division bench comprising Justices L Nageswara Rao and S Ravindra Bhat has posted the matter after two weeks.Advocate Prashant Bhushan, appearing for the petitioner NGO, submitted that there is no provision for the appointment of an acting director. He said that the work of CBI was suffering because of the lack of a regular directorThough Bhushan requested for a posting next week, saying that a quick response was required, the bench said that it was not sitting next week as it will be in the Constitution Bench hearing on Maratha reservation.Bhushan also pressed for an order to convene the selection committee meeting. However, the bench said that it will not pass any orders before hearing the Centre.The plea states that appointment of a full-time Director as per the statutory law is necessary for upholding the rule of law and for enforcement of the rights of the citizens under Articles 14 and 21 of the Constitution of India.It also refers to the case of Prakash Singh v. Union of India, (2019) 4 SCC 13, against appointment of Director General of Police on acting basis and argues that just like DGPs are heads of police force in states and CBI Director leads the premier Central Investigating agency. Next Storylast_img read more

Ash Center launches Innovation Field Lab New York

first_img A summer of service to cities Related The Ash Center for Democratic Governance and Innovation today announced the launch of the Innovation Field Lab New York, a new two-year program comprising data-driven experimentation and real-time policy innovation to improve neighborhoods in 10 cities in the state of New York.The program supports city leaders through data-analytic support, applied research, and executive education aimed at strengthening performance leadership in the fight against blight and distressed properties. Community engagement and a focus on equitable impact are integral parts of the work. “Our mission is to help governments become more effective, efficient, equitable, and responsive to social needs” — Jorrit de Jong Through the Bloomberg Harvard Initiative, student fellows help mayors to improve lives center_img The program builds upon the successful work of the center’s existing Innovation Field Lab in Massachusetts, launched in 2014, which has embedded over 150 graduate students to collaborate with local governments from across eastern Massachusetts to develop more holistic, preventative, and strategic interventions to resolve the prevalence of problem properties.Jorrit de Jong, lecturer in public policy and management and academic director of the center’s Innovation in Government Program, said “Our mission is to help governments become more effective, efficient, equitable, and responsive to social needs. We are very excited to work with 10 new cities that are all highly motivated to develop and implement innovative ideas that improve the quality of life for residents.”The Innovation Field Lab works with a unique collaborative of cities and organizations named Cities for Responsible Investment and Strategic Enforcement Program (Cities RISE) established by the New York State Office of Attorney General in 2017 that provides cities with an opportunity to pilot creative and forward-thinking local initiatives in the fight against blight and distressed properties. Participating cities include Albany, Binghamton, Buffalo, Elmira, Mount Vernon, Newburgh, Niagara Falls, Rochester, Syracuse, and White Plains.As part of the program, mayors and senior city leaders involved in blight reduction will participate in an executive education retreat at Harvard Kennedy School to learn from each other and from state-of-the-art research, build new skills and relationships, and develop an actionable innovation strategy for their cities. Innovation Field Lab New York will also help cities evaluate the effectiveness of interventions and measure impact through a variety of research methods. The lessons will be shared among the 10 participating cities, creating a community of practice focused on peer-to-peer learning.The Ash Center will be partnering with Tolemi, a civic technology company focused on data integration and spatial analytics, and Hester Street, an urban planning, design, and development nonprofit that works to ensure neighborhoods are shaped by the people who live in them. Read Full Storylast_img read more

Indonesia raises $930m in samurai bonds to fund pandemic response

first_imgIndonesia has raised 100 billion yen (US$930 million) from the issuance of five-tranche samurai bonds to help the government cover the fiscal deficit and fund the coronavirus pandemic response, the Finance Ministry announced Friday.The deal was finalized in Japan on Thursday and sold in maturities of 20 years, worth 1.5 billion yen with a coupon rate of 1.8 percent; 10 years, worth 13.4 billion yen with a 1.59 percent coupon rate; and seven years, worth 10.1 billion yen with a 1.48 percent coupon rate.The five-year tenure is worth 24.3 billion yen with a coupon of 1.35 percent and the three-year tranche is worth 50.7 billion yen with a 1.13 percent coupon. The settlement date is set for July 8. The financing directorate general reported that Japanese investors responded with a strong appetite for the debt instrument, with interest coming from both existing and new investors.“Indonesia’s achievement of successfully pricing benchmark-sized transactions, while significantly reducing the average premium for its US-dollar secondary curve, encouraged the market and proved Indonesia […] was a leading samurai bond issuer,” the Finance Ministry added.The joint lead arrangers of the bond issuance are Daiwa Securities, Nomura Securities, SMBC Nikko Securities and Mitsubishi UFJ Morgan Stanley Securities.Prior to the samurai bond issuance, the Finance Ministry held a non-deal financial roadshow through the internet and group calls to explain macroeconomic conditions in the country.The government now expects full-year growth of only 1 percent under the baseline scenario in 2020 or full-year contraction of 0.4 percent in the worst-case scenario.Fitch Ratings director for sovereigns and supranationals Thomas Rookmaker expected Indonesia’s government debt ratio to swell to 38 percent by the end of the year, adding that it would still be below the BBB rating peer median of 53 percent of GDP.”A rapid increase in public debt resulting from rising budget deficits is a negative rating sensibility from our last review when we affirmed Indonesia’s rating at BBB with a stable outlook, but that was before the coronavirus pandemic,” Rookmaker told The Jakarta Post in mid-June.Topics : “The funds raised will be used to finance the budget deficit, including to fund COVID-19 relief and recovery efforts,” the ministry said in a statement. “Indonesia’s transaction is the first issuance of the sovereign Japanese yen in 2020 and the first issuance from an Asian [country] since the pandemic hit.”The government faces the daunting task of funding the budget deficit of 6.34 percent of gross domestic product this year, with Rp 695.2 trillion ($49 billion) set aside to bolster the economy and strengthen the healthcare system.The government is planning to offer Rp 900.4 trillion worth of sovereign debt papers in the second half of the year as debt financing swells significantly to fund the country’s coronavirus response.It had raised Rp 630.5 trillion worth of debt papers until June this year, including $4.3 from a three-tranche US-dollar bond in April and $2.5 billion from a three-tranche global sukuk (sharia-compliant bond) last month.last_img read more

ESG roundup: UBS AM launches own climate-aware strategy line

first_imgSuni Harford, president of UBS AM, said: “The degree to which investors are embracing ESG as a fundamental investment driver, particularly around the issue of climate risk, is stark. As demand continues to grow and sustainable assets amass more capital, we will see the investment landscapes transform even further.”He added that this is a trend which “we believe is here to stay and investors in today’s markets must understand the effect that climate is having on their portfolio”.Barry Gill, head of investments, said the firm’s Climate Aware approach “sits at the heart of our sustainable investment proposition and is underpinned by our active stewardship program”. He added that this new appraoch “sends a clear message”  to the companies UBS AM invests in, giving the firm the opportunity to engage with such companies to help them achieve a lower-carbon target.University of Oxford and Lombard Odier launch strategic partnership on Sustainable InvestmentThe University of Oxford and Lombard Odier have set up a new multi-year partnership to foster research and teaching on sustainable finance and investment.The collaboration between the two entities will provide a unique platform for knowledge exchange between scholarship and financial services and support sustainable finance in becoming a major field of academic research globally.It will also harness the “vast potential of the financial sector to drive environmental, social and economic transformation”, they said.The five-year partnership will allow for both to create the first endowed senior academic post in sustainable finance at any major global research university. Oxford University will establish a programme for the ongoing training of Lombard Odier investment professionalsAs part of the partnership, Ben Caldecott – an expert in sustainable finance and investment who is the founding director of the Oxford Sustainable Finance Programme and the COP26 Strategy Advisor for Finance at the UK Cabinet Office – will become the Lombard Odier associate professor and senior research fellow of sustainable finance at the University of Oxford, based at the Smith School of Enterprise and the Environment within the School of Geography and the Environment.Lombard Odier will work with Oxford University’s scholars to integrate the University’s pioneering work into the firm’s own proprietary research and investment solutions.In addition, the university will establish a programme for the ongoing training of Lombard Odier investment professionals, while Oxford scholars will benefit from accessing the asset manager’s research and product innovation.The two partners will also host a joint annual research forum, open to the wider academic and practitioner community.Caldecott said: “Sustainable finance is a structural change in both the demand and provision of financial products and services. It is also mission critical for tackling the massive environmental and social challenges facing humanity.”He added, however, that for sustainable finance to be itself sustainable “it needs greater academic rigour, as well as pedagogy to scale the adoption of best practice.”FRC calls for participants in new reporting lab projectThe Financial Reporting Council’s (FRC) Financial Reporting Lab is inviting investors and companies to participate in a new project on corporate disclosures on risks, uncertainties and scenarios.Investors and other stakeholders are increasingly looking for information from companies about how they will evolve, adapt and respond to changes in the external business environment, FRC said.It noted that the risks and uncertainties that could impact a company’s business model, strategy and viability will vary over the short, medium and longer term. Given the significant reassessment many companies are making to their longer-term business model and strategy, risk, uncertainty and scenario reporting is likely to become even more important, it added. FRC said that how companies consider and report on business model, strategy, the reporting of risk, uncertainties and scenarios, viability and resilience, and the drivers of value is, necessarily, interconnected.FRC expects to address these topics in due course as part of its previously announced Horizons project, but given the current level of uncertainty in the business environment, this project will focus on the reporting of risks, uncertainties and scenarios and consider what users want from these disclosures. The scope of the project will likely explore whether and how companies’ risk identification, risk management and scenario planning processes are evolving and how this is impacting reporting and disclosure.It will also try to determine whether the time horizons utilised in scenario planning have changed and will consider how companies communicate uncertainty in their disclosures.FRC also said the project will likely discuss which areas of reporting are most challenging for companies and will explore examples of risks and related disclosures where investor focus has been heightened by the current pandemic – for example, supply chain risk, existential risk/viability of business model.The Lab expects to publish a range of outputs across 2021.Truvalue Labs and Solactive Launch a New Generation of AI-Powered ESG IndexesTruvalue Labs, an artificial intelligence-driven environmental, social, and governance (ESG) data firm, along with Solactive, the German index engineering firm, have launched the Solactive Truvalue ESG Index Series.These indexes are designed to provide investors with diversified exposure to global large- and mid-cap equities with strong ESG characteristics.As assets in passive ESG funds doubled to $250bn (€209bn) in the past three years, investors are demanding better quality information, Truvalue Labs stated.The firm claims it sources and analyses information differently than traditional ESG research firms do, using natural language processing and machine learning. Its insight scores are derived from real-time ESG information that is not dependent on company disclosures.Using the Sustainability Accounting Standards Board (SASB) materiality framework, Truvalue Labs’ approach is “transforming investors’ expectations about ESG research, offering a timely, transparent and salient stakeholder perspective on sustainability issues”, it said.The Solactive Truvalue ESG United States Index is the first benchmark in the series to apply Truvalue Labs’ volume and insight scores for component selection while avoiding exposure to fossil fuels, utilities and tobacco companies.As of 26 August, index performance from February 2008 shows annualized returns of 12.43% compared with 10.38% for the Solactive GBS United States Large & Mid Cap Index, the parent index.“We actively seek partners with diverse and creative approaches to develop differentiated indices of the highest quality,” said Steffen Scheuble, CEO of Solactive.To read the digital edition of IPE’s latest magazine click here. UBS Asset Management has today announced the launch of a new suite of strategies based on its innovative Climate Aware framework, whcih will enable the firm to support more clients in aligning their investment and environmental goals.The asset manager developed its Climate Aware framework as part of its Climate Aware passive equity strategy launched in 2017. The launch of the broader suite of investment strategies today includes active and passive equity and fixed income, which are the building blocks of most portfolios, it said.This represents the first time UBS AM has launched a cross-asset class suite of products, the firm added.The framework is based on portfolio mitigation by lowering investment exposure to carbon risks; portfolio adaptation through increasing investment exposure to climate-related innovation and solutions; and portfolio transition aligning to a chosen climate glidepath.last_img read more

Fishing report

first_imgLOS ANGELES COUNTY CASTAIC: What’s biting: largemouth, stripers, catfish, carp, trout: Hot spots: lagoon (trout), ski arm, fishing arm, Castaic Landing (stripers), lagoon (largemouth), muddy areas (catfish), west ramp (carp); Best baits: night crawlers, sardines (stripers), a variety of plastics (largemouth), mackerel, anchovies, stink baits (catfish), frozen shad (carp), Power Bait (trout); DFG stock: No trout plants until mid-February due to closure of hatchery; Info: (661) 775-6232, Ext. 1. Best baits: Power Bait, night crawlers; DFG stock: Feb. 15; Info: (626) 575-5526. PECK ROAD: What’s biting: trout; Hot spots: all over; Best baits: Power Bait, night crawlers; DFG stock; Feb. 15; Info: (626) 575-5527. PUDDINGSTONE: What’s biting: trout, bass, crappie, bluegill; Hot spots: all over; Best baits: Power Bait (trout), Power Bait, night crawlers (bass), mini-jigs (crappie, bluegill); DFG stock: Feb. 22 (bi-monthly); Info: (909) 599-8411, Ext. 4. SANTA FE DAM: What’s biting: trout; Hot spots: all over; SAN GABRIEL VALLEY LEGG LAKE: What’s biting: trout; Hot spots: all over; center_img Best baits: Power Bait, night crawlers; DFG stock: Feb. 15; Info: (626) 334-1065. INLAND VALLEY CUCAMONGA/GUASTI: What’s biting: trout; Hot spots: all over; Best baits: Power Bait, night crawlers; DFG stock: Feb. 15; Info: (909) 481-4205. GLEN HELEN PARK: What’s biting: trout; Hot spots: both lakes; Best baits: Power Bait, night crawlers; DFG stock: Feb. 15; Info: (909) 887-7540. YUCAIPA: What’s biting: trout; Hot spots: top and lower lakes; Best baits: Power Bait; DFG stock: Feb. 15; Info: (909) 790-3127, Ext. 3. SANTA BARBARA/VENTURA COUNTIES CACHUMA: What’s biting: trout; Hot spots: east end; Best baits: needlefish; DFG stock: Feb. 16; Info: (805) 688-4040. CASITAS: What’s biting: bass; Hot spots: Sunken Island, east shoreline; Best baits: jigs, plastic worms; DFG stock: Feb. 16; Info: (805) 649-2043, 649-6001, Ext. 1, 7. PIRU: What’s biting: trout, largemouth; Hot spots: in the narrows, main lake (trout), off the points in10-15 ft. of water (largemouth); Best baits: Rapalas, Thomas Buoyants (trout), jigs, drop-shotted plastic worms (largemouth); DFG stock: Feb. 16; Info: new fishing hours, 6:30 a.m. 3:30 p.m., seven days; Info: (805) 521-1231, (805) 521-1319. RIVERSIDE COUNTY ANGLER’S: What’s biting: trout; Hot spots: all over; Best baits: Power bait, night crawlers; DFG stocks: Fridays, Saturdays; Info: (951) 927-2614. LAKE SKINNER: What’s biting: stripers, trout; Hot spots: north shore (stripers), ramp No. 2, east end (trout); Best baits: flies (stripers), nightcrawlers, Power Bait (trout); DFG stock: Feb. 15 (bi-monthly); Info: (951) 926-1505. CORONA LAKE: What’s biting: trout; Hot spots: far side of the lake, dam (trout); Best baits: chartreuse or corn Nitro bait with corn-flavored Nitro gravy, Power Worm, Yello Nitro bait, rainbow Power Bait, night crawlers, Lip Ripperz (trout); DFG stock: Feb. 8; Event: Thundra and Lightning Fishing Tournament, Sunday, Feb. 25, call for info; Info: (951) 277-3321, www.fishinglakes.com DIAMOND VALLEY: What’s biting: bass, trout, stripers, panfish, catfish; Hot spots: 30-50 feet on the points, along the dam, marina, along the shoreline, from the bank, Rock Quarry, Rawson Cove (bass), along the shoreline, east dam, west dam, south side of the wave attenuator (trout), east dam (stripers), saddle dam (panfish), first island on the north shore (catfish); Best baits: worms, swim baits, Carolina Rigs, cranks, brush hogs, ice jigs, lizards, crawdads, Ikas, Senkos (bass), Kastmasters, Power Bait, Roostertails, mini-jigs, Lip Ripperz, Kastmasters (trout), swimbaits (stripers), night crawlers (panfish), pig n’ jigs (catfish); DFG stock: Feb. 15; Info: (951) 926-7201 or www.dvmarina.com FISHERMAN’S RETREAT: What’s biting: trout; Hot spots: all three lakes; Best baits: Power Bait; DFG stock: Jan. 11; Event: Fishing derby every Saturday after Friday stock, 7 a.m. to 4 p.m.; Info: (909) 795-2411. HEMET: What’s biting: trout, bass; Hot spots: off the shoreline (trout, bass); Best baits: Power Bait (trout), swimbaits, night crawlers (bass); DFG stock: Thursdays (bi-monthly); Info: (951) 659-2680, Ext. 4. PERRIS: What’s biting: largemouth, trout, crappie; Hot spots: all over (largemouth), lots No. 11 and No. 12, east end (trout), marina docks (crappie); Best baits: large trout swimbaits, Huddleson lures (largemouth), pieces of night crawlers, silver and gold Kastmasters, Rainbow Rapala, yellow and gren Power Bait (trout), night crawlers, crawdads (largemouth), waxworms, red and white jigs (crappie); DFG stock: Feb. 15; Info: (951) 657-2179 or (909) 648-5640. RANCHO JURUPA: What’s biting: trout; Hot spots: front lake; Best baits: Power Bait, night crawlers, jigs; DFG stock: Feb. 15; Info: (951) 684-7032. ORANGE COUNTY IRVINE LAKE: What’s biting: trout; Hot spots: dam, Sierra Cove, west shore, Kid’s Lagoon, mid-lake; Best baits: CD5 firetiger color Rapalas, Power Mouse made with Gulp! Salmon Eggs, Roostertails, Night crawlers, Kastmasters; Stock: Feb. 15; Info: (714) 649-2168, (714) 649-9111, Ext. 4, or www.irvinelake.net LAGUNA NIGUEL: What’s biting: bass, crappie, trout; Hot spots: to the right of the concession stand, the point, launch ramp, three pipes, flats (trout), deep water (bass), all over (crappie, bluegill); Best baits: zebra midges, olive midges with gold bead, inflated night crawlers dipped in garlic sauce, Berkley Power Bait in various colors, mini-jigs, Berkley power worms in various colors, assorted lures and crappie jigs (trout), drops shots, Texas Rigs, pig n’ jigs, plastic worms in dark colors (bass), night crawlers, mealworms fished with a bobber (crappie, bluegill); DFG stock: Feb. 21; Info: (949) 362-3885 or www.lagunaniguellake.com 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

Elections 2019: Nicholas Crossan retains seat in south Inishowen

first_imgNicholas Crossan has secured his seat in the new Buncrana Electoral Area (South Inishowen) in the 2019 Local Elections.The Independent Cllr was voted in on the eighth count with 1,527 votes.The Independent Cllr was voted in on the eighth count with 1,527 votes. Nicholas Crossan (IND) retains his seat and is the fourth councillor elected for south Inishowen. #LE19Donegal #Inishowen pic.twitter.com/Dk0w4IXX68— Shaun Keenan (@Skeenan14) May 26, 2019Elsewhere, Frankie Lavelle (597 votes) has been eliminated from the contest, with Terry Crossan (SF) looking good for the final seat.Mickey Doherty, barring a miracle, looks set to lose his seat. He currently has 739 votes.Elections 2019: Nicholas Crossan retains seat in south Inishowen was last modified: May 26th, 2019 by Shaun KeenanShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

45 Russian athletes have appeals against Olympic bans rejected

first_imgPYEONGCHANG, South Korea >> Russia’s desperate attempt to get 45 banned athletes — including several medal favorites — into the Pyeongchang Olympics failed just hours before Friday’s opening ceremony.The International Olympic Committee had banned Russia because of a massive doping scheme at the 2014 Sochi Games, but gave individual athletes the chance to apply for admission to compete as “Olympic Athletes from Russia.” There were 168 Russians who passed the vetting process. Dozens more filed …last_img read more

Leaders Treat the Disease

first_imgA leader looks past the symptoms to the root causes of the disease. A leader looks past the presenting problem to find the source of the problem. Treating the symptoms doesn’t cure the disease. Eliminating the presenting problem doesn’t address the source of the problem. Treating only the symptoms may actually allow the disease to worsen.In the heat of the moment, it’s easy to look at the symptoms as the problem. It is tempting to focus on eliminating the symptoms, believing that things will be better when the symptoms disappear. Dealing with the symptoms seems easier and more immediate.By dealing only with the symptoms, you don’t have to face the source of your problem. You don’t have to face the harsh reality of what is required. You don’t have to have the difficult conversations. You don’t have to face your constraints. You don’t have to face your limitations, including your personal limitations as a leader.Leaders look past the symptoms to find the root cause of their challenges. They know that unless the root cause is addressed, treating the symptoms is only a band-aid and that the symptoms will reappear, often at the most inopportune time. Leaders force the conversations, face their constraints, and breakthrough their limitations.Facing the source of problems instead of the symptoms is how leaders propel the organizations they lead forward to greater results. It’s also how leaders help the people they serve to grow.last_img read more

Congress standing by antinationals Prasad

first_imgPatna: Union Minister Ravi Shankar Prasad, who is the BJP candidate for Patna Sahib Lok Sabha seat, on Wednesday said the opposition Congress party is standing with those against the country. Prasad has been fielded by the BJP from Patna Sahib after the party denied the ticket to the sitting MP actor-turned-politicuan Shatrughan Sinha. “Congress has been supporting and standing with Tukde-Tukde gang and Congress manifesto is to divide the country, and will give relax to hearts of those against the country” Prasad said here. He said that the Congress is doing everything to demoralise the army and security forces. The Union Minister also asked the Congress to spell out how many jobs were given by the previous UPA government at the Centre during its 10 years in power. The NDA government is giving fitting response to terrorists and Pakistan, Prasad added.last_img read more

Will be Indias last election if Modi is reelected Mamata

first_imgMathabhanga (Cooch Behar): Stepping up the ante against Prime Minister Narendra Modi, Chief Minister Mamata Banerjee on Thursday called him a “jhootha chowkidar” and alleged that he would “throw away” the Constitution and turn India into a totalitarian regime if he is re-elected and the upcoming Lok Sabha elections could be the last one in that case.Addressing a rally here on Thursday, Banerjee challenged Modi to win more than 125 Lok Sabha seats in the general elections across the country. She claimed that the government of the “expiry babu”, the term she has coined for the Prime Minister, will be defeated in the Lok Sabha polls after losing seats across north and central parts of the country. The people of India are sick and tired of the “fake (jhootha) chowkidar” because of his arrogance and endless lies and will replace him in the ensuing Lok Sabha elections, Banerjee said.last_img read more