After it faced strong opposition over implementation of the amended traffic rules a few weeks ago, the administration is taking no chances before strictly enforcing the ban on single-use plastic in Odisha.The administration has launched an awareness drive in all the urban areas, including Bhubaneswar, Cuttack, Puri and Berhampur, in a big way to make people aware of the threats plastic bags, polythene and single-use plastic pose to the environment.Though raids are being conducted in different areas, a period of one month has been given to traders in Bhubaneswar to make necessary arrangements to cope with the ban on single-use plastic. Cases will be registered against repeat offenders, an official said.Although the decision to ban single-use plastic was announced by Chief Minister in July last year, it came into effect in all urban areas of the State on the occasion of 150th birth anniversary of Mahatma Gandhi on Wednesday.The awareness drive was launched in a big away on Gandhi Jayanti day when pledge was administered to students and their parents in various government schools and Anganwadi centres to shun single-use plastic. Noted sand artist Sudarsan Pattnaik had created a sculpture on the Puri beach recently with the slogan “say no to single-use plastic” to create awareness among the people.After banning single-use plastic in urban areas, the State government has planned to enforce it in the entire State in phases over the next two years.While the Housing and Urban Development Department will enforce the ban in the municipal corporations and urban local bodies, the Panchayati Raj Department will enforce it in rural areas of the State.
File photo of Delhi Metro.A crucial link to the main Commonwealth Games venue of Jawaharlal Nehru Stadium, the Central Secretariat-Sarita Vihar corridor today rolled out to the public just hours before the inauguration of the sporting extravaganza.The 15-km corridor, which will facilitate the travel of people attending the opening ceremony of the Games, was inaugurated without much fanfare, though DMRC Managing Director E Sreedharan was present at the Central Secretariat station.A brand-new Standard Gauge train began its journey from the Central Secretariat station at 8 am after it was flagged off by the Station Master in the presence of Sreedharan.The line is part of the Central Secretariat-Badarpur corridor, whose deadline was September 30. But, the DMRC decided to throw it open till Sarita Vihar only as some signalling work is pending on the small stretch from Sarita Vihar to Badarpur.With this, the Delhi Metro’s ambitious Phase-II has almost been completed except the Airport Express Line, which could not get the safety clearance.”It is a matter of great pride and glory for all of us in Delhi Metro that the Badarpur line has been substantially opened up to Sarita Vihar. This marks almost the completion of our Phase-II project,” an elated Sreedharan told reporters at the Jawaharlal Nehru Stadium.He recalled that the line was sanctioned only in 2007 and it has been completed within just three years and four months.Since the line connects the JLN Stadium, Delhi Metro will runs 29 trains on it till the end of the Games at an all- time high frequency 2.40 minutes.advertisementDMRC spokesperson Anuj Dayal said that Sreedharan himself will monitor train movement on the line on Sunday from the Operation Control Centre at Metro Bhawan.”Since it is the opening ceremony, he will be there at the OCC the whole day and monitor the train movement. Senior officials and experts from South Korea and Germany have also been stationed at various places to ensure no technical glitch takes place today,” he said.This is the second Standard Gauge line to come up in the country after the Delhi Metro’s Inderlok-Mundka corridor.Work on the line was delayed after an under-construction pillar collapsed in Zamrudpur in south Delhi last July killing seven people.Immediately after the line opened, a number of people, especially Games volunteers, took the Metro to reach the Games venue.The JLN Stadium station wore a festive look and Sreedharan visited it along with his wife and senior DMRC officials.At the Central Secretariat station, Sreedharan and other officials took part in a ‘havan’ before taking a ride on the train.The line is expected to be further extended up to Badarpur from Sarita Vihar in about 10 days time.With its inauguration, the total operational Metro network expands to 153 kilometres with 130 Metro Stations and the travel time from Central Secretariat to Sarita Vihar will be approximately 26 minutes.Central Secretariat has now become one of the biggest interchange Metro stations with both Standard and Broad gauge lines merging in the national capital.
Jammu and Kashmir has been in the news lately for the violence that has crippled normal life in the beautiful northern state of India.While both India and Pakistan are thumping their chests at every casualty they manage to inflict on the other side of the border, the routine public life is in a mayhem. (7-year-old Kashmiri boy wins gold in Asian Karate Championships)Amid all the news of bloodbath, the Kashmir valley has produced two young stars who have fought the odds to excel in the field of martial arts.After Tajamul Islam, seven-year-old Mohammed Hashim Mansoor has hit the headlines for the joy he has brought to the entire nation and also the trouble-marred state.Hashim was on Tuesday crowned champion at the Asian Youth Karate Championships in New Delhi but what’s next for him?Having brought up in an environment that has seen violence all across, Hashim is struggling to live a life like any other seven-year-old kid in the country. He wants to go to school, but the prevailing conditions in the valley are not letting him lead a normal life.”No. I don’t go to school. I am in third standard and my aunt teaches me at home. My parents tell me that the situation isn’t conducive to go to school. I do miss going to school with my friends around,” Hashim told India Today.Tajamul, who created history by grabbing a gold medal at the world kickboxing championships in the under-8 category, held in Andria, Italy last month, also faces similar problems with schools frequently being shut for months. They both want to train with better facilities. Tajamul said there is enough talent in Jammu and Kashmir which is waiting to be tapped.advertisement”We don’t have any facilities in Kashmir. There is no indoor hall, dont even have proper roads there. I would request Prime Minister to provide us with facilities there – indoor stadiums, indoor halls and proper roads. It is said that India haven’t been able to do very well in sports, but you provide us with facilities, we will win medals. You have given everything in Delhi but spare a thought for Kashmir as well,” she said.
Buzzed and Beautiful: The Best Short Hairstyles for Men How to Cultivate Mid-Century Modern Style in Your Own Home How Full Harvest and Misfits Market Are Saving Ugly Produce Editors’ Recommendations 1. Arlen Ness custom motorcycle museum 2. Arlen Ness custom motorcycle museum 3. Arlen Ness custom motorcycle museum 4. Arlen Ness custom motorcycle museum 5. Arlen Ness custom motorcycle museum 6. Arlen Ness custom motorcycle museum 7. Arlen Ness custom motorcycle museum 8. Arlen Ness custom motorcycle museum 9. Arlen Ness custom motorcycle museum 10. Arlen Ness custom motorcycle museum 11. Arlen Ness custom motorcycle museum 12. Arlen Ness custom motorcycle museum 13. Arlen Ness custom motorcycle museum 14. Arlen Ness custom motorcycle museum 15. Arlen Ness custom motorcycle museum 16. Arlen Ness custom motorcycle museum 17. Arlen Ness custom motorcycle museum 18. Arlen Ness custom motorcycle museum 19. Arlen Ness custom motorcycle museum 20. Arlen Ness custom motorcycle museum 21. 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While there are and were many customizers out there who can use an English Wheel and make perfect welds, it was Ness who was the first to really push the boundaries in the 1970s, and push them very hard, on a consistent basis. If you opened any number of motorcycle magazines on a consistent basis from the 1970s on through to the 1990s, chances are good you came across a Ness creation in all its glory. And there was glory to spare.Not content simply with fancy paint schemes, fat tires and extended forks, Ness separated himself from other customizers not only with his wild design ideas, but with his marriage of those ideas to performance. Indeed, his most iconic bikes were rarely choppers, they were a mashup of power, aesthetics and never-been-there-before form factors. Ness’ legacy is long and deep enough that there’s even a fantastic book about him and his bikes.Ness opened up engines and then added all manner of devices to improve mixing gasoline and air. He was a big, big fan of superchargers, and one was not always enough. Exposed belt runs, lengthy carb plenums and circuitous exhaust plumbing are all Ness hallmarks. The way he wrapped outrageous yet functional power increases in eye-popping designs was what lifted him above the rest.After an enjoyable ride from L.A. to S.F. on a new Indian, I had to drop the bike off at Ness’s bustling dealership in Dublin, which is nestled near Silicon Valley east of the Bay Area right off the 580. Ness sells Victory and Indian models as well as a selection of used machines and custom-made parts. There’s an expansive service center for all manner of bikes, both mundane and insane. But up on the mezzanine, he has a jewel-like museum crowded with many of his most famous creations. More of his iconic bikes are scattered around the dealership.After dropping off the Indian and with a few minutes before a cab came to whisk me off to the Oakland airport, I got out my camera for a too-short visual tour of several decades of Ness’ endless creativity.If you ever pass through Dublin, California, the Ness dealership and museum should be a mandatory stop. Prepare to be blown away. What Kind of Motorcycle Should I Get? A Comprehensive Guide to Motorcycle Types
zoom Danish shipping and offshore energy conglomerate Maersk Group delivered a profit of USD 778m (USD 1.5bn) for the third quarter of 2015, negatively impacted by the lower oil price and lower average container freight rates, down 51% and 19% respectively compared to the same period last year. The return on invested capital (ROIC) was 7.6% (12.7%). The underlying profit was USD 662m (USD 1.3bn), according to the results, down by almost 50pct when compared to last year.“The Maersk Group delivered an underlying profit of USD 662m in the third quarter. The decline of nearly 50 percent compared to last year was primarily due to container freight rates deteriorating to a historically low level, especially in the later part of Q3, and profits in Maersk Oil being impacted by the lower oil price. “The expected underlying result of around USD 3.4bn for 2015 reflects good performance in very challenging oil and container shipping markets, where the continuous actions taken in all our business units to reduce the cost base will enable us to maintain our ability to pursue the opportunities arising in our industries,” says Group CEO Nils S. Andersen.Maersk Line delivered a profit of USD 264m (USD 685m) and a ROIC of 5.2% (13.5%). The underlying profit was USD 243m (USD 659m).Maersk Oil made a profit of USD 32m (USD 222m) with an underlying profit of USD 32m (USD 224m).Maersk Drilling delivered a profit of USD 184m (USD 192m) generating a ROIC of 9.0% (10.7%), positively affected by fleet growth, cost savings and strong operational performance, but negatively affected by increased idle timeMaersk Supply Service reported a profit of USD 45m (USD 79m) and a ROIC of 10.4% (18.5%). The underlying profit was USD 44m (USD 79m)Maersk Tankers made a profit of USD 59m (USD 84m) and a ROIC of 14.6% (19.1%). The underlying profit was USD 58m (USD 85m)APM Terminals delivered a profit of USD 175m (USD 345m) and a ROIC of 11.6% (22.5%). The underlying profit was USD 175m (USD 201m)According to Andersen, the current operating environment is characterized by slow growth, but the real concern to be taken into account should be the overcapacity in the shipping market and slower than expected market growth.In this respect, Andersen said that Maersk was taking the right steps by reducing costs and stopping investments for the time being.“Another thing is that we have strengthened our balance sheet, brought down our debt and we have finalized the divestments of non-core businesses. Therefore, today we have the money to go and invest in interesting assets in our core businesses,” he added.Speaking of Maersk Line, the Group’s container shipping arm, which was hit the most by depressed freight rates, Andersen said that the company plans to defend its market position, which means that there will be periods when the company will take a bit of market share. However, Andersen stressed that the company would not order vessels that are not needed purely to meet the company’s growth ambition.On the other hand, Andersen said that there has been a growth in the underlying volumes of containers transported by Maersk Line or handled at the Group’s terminal, reaching at least 30% growth, adding that over the past three years oil production and the number of rigs operated by the Group have also been increasing.
A hockey rink may seem like an unusual setting for a fairy tale, but local filmmaker Aram Kouyoumdjian and the judges for the CBC/Nova Scotia Film Development Corporation Bridge Award seem to agree it is the perfect location. Mr. Kouyoumdjian was recently awarded the Bridge Award that will allow him to produce his hockey fairy tale, The Lullaby of Mike Bossy. As sponsors of the Bridge Award, the film development corporation and CBC chose to sponsor Mr. Kouyoumdjian’s proposal above several other projects. The Bridge Award supports emerging filmmakers by providing an investment of $20,000 from the Nova Scotia Film Development Corporation, along with a $10,000 license fee and $10,000 worth of production services from the CBC. “This award is an invaluable opportunity for up-and-coming filmmakers like Aram,” said Ann MacKenzie, chief executive officer of the film development corporation. “It enables those with some producing experience to get that ever-important first broadcast credit as a producer — something which can be challenging for a new producer to achieve in an increasingly competitive industry.” “The Bridge Award is an important stepping stone in my producing career,” said Mr. Kouyoumdjian. “It offers the opportunity to further develop skills and will undoubtedly open doors for future opportunities.” Lullaby tells the tale of a changing relationship between a father and his daughter. The young girl wants to leave her figure skates behind to become a hockey player but her father mistakenly believes she wants to be a figure skater. Comedy ensues as the girl tries to convince her father that hockey is her dream. “It’s a great subject and a great script. It captures a verycontemporary theme. Getting this story to the screen is exactly what the Bridge Award was designed to achieve,” said Ron Crocker, regional director of television, Maritimes for CBC. The Lullaby of Mike Bossy was written by Jeff Wheaton. David MacLeod of the Chester-based production company, Big Motion Pictures, will serve as executive producer and mentor on the production. For more information on the Bridge Award, see the Nova Scotia Film Development Corporation website at www.film.ns.ca/programs_bridgeaward.asp .
La Commission des services publics et d’examen de la Nouvelle-Écosse est à la recherche de candidats pour combler deux postes à temps plein. Les deux postes sont vacants pour cause de départ à la retraite. Les membres à temps plein sont nommés jusqu’à l’âge de 70 ans, comme c’est le cas pour les juges de la cour provinciale. Le processus de nomination des membres de la commission est semblable à celui des nominations à la magistrature. Un des postes s’adresse à un comptable professionnel. Bien qu’aucune qualification particulière ne soit requise pour le deuxième poste, la préférence sera accordée aux personnes ayant des titres de compétences professionnelles. Les candidats intéressés ont jusqu’au mercredi 13 décembre pour poser leur candidature. Pour plus de renseignements sur la commission, allez à l’adresse nsuarb.novascotia.ca. Des renseignements supplémentaires sur les postes figurent dans l’annonce et en ligne à l’adresse http://novascotia.ca/psc. Les personnes intéressées doivent poser leur candidature en ligne à la même adresse. -30-
QUEBEC – Lawyers for a man accused of killing six men at a mosque in Quebec City last January are appealing a lower court decision to have certain confidential documents made accessible to the media.In a motion filed earlier this week, lawyers for Alexandre Bissonnette say the Quebec court judge committed an error in law in allowing the documents released.Bissonnette, 27, faces six counts of first-degree murder and six of attempted murder using a restricted firearm.Prosecutors filed a preferred indictment against Bissonnette and say they are ready to set a trial date on Dec. 11A consortium of seven media organizations including Radio-Canada, Montreal La Presse and TVA had asked the court to remove the seal on 10 search warrants carried out between Jan. 30 and Feb. 6.They received part of the documents in mid-October after Judge Alain Morand ruled they were in the public interest, but the rest remained sealed to allow for an appeal.“The publication of this information would cause real, serious, significant and irreparable harm to the fairness of the trial, and the adverse effects are greater than the beneficial effects on the right to freedom of expression and the public’s right to information,” defence lawyers Charles-Olivier Gosselin and Jean-Claude Gingras wrote.Arguments are expected to be heard on Friday.
Nine and a half years in, the 10 year plan is proving effective.Calgary’s plan to end homelessness began January 1, 2008, and as of May 31, 2017, the School of Public Policy reports the number of people affected by the issue, appears to have dropped.“It’s a good news story, in that, the 10 year plan to end homelessness has shown success,” study author Ron Kneebone told 660NEWS. “The maximum number of beds that shelters have to provide to people in Calgary, has fallen quite dramatically, and I think we’re eventually approaching where we want to be,” he said. And, that is, a low number of people dealing with homelessness, and affordable accommodations for people with limited incomes.“When we try to identify, you know, are we doing a good job of addressing homelessness, you have to pay attention to the fact that the city is growing really quickly,” Kneebone noted. “Over the last 10 years, it’s grown by over 26 per cent.” That’s a population increase, coupled with a 40 per cent decline in the number of stays at Calgary emergency shelters.“What we’re showing here is that despite the fact that we still have very high rents in Calgary, we’ve made real progress,” Kneebone declared, “the progress would be even greater and faster if we could do something about the cost of housing.”Calgary is the most expensive city in Canada for people with limited incomes.
The European Union has offered to share its experience with Sri Lanka to face the drugs threat.The Delegation of the European Union (EU) in Sri Lanka, in a statement in agreement with the Embassies of France, Germany, Italy, Netherlands, Romania and the UK High Commission, the Embassies of Norway and Switzerland, as well as the High Commissions of Canada and Australia said that death penalty is an unacceptable denial of human dignity and integrity. The EU noted that more than two-thirds of countries around the world, with a variety of legal systems, traditions, cultures and religious backgrounds, have either abolished the death penalty or do not practise it.The EU called on the Sri Lankan Government to maintain its moratorium on the death penalty in line with its vote at the 73rd United Nations General Assembly in December 2018. (Colombo Gazette) “While acknowledging that combatting the proliferation of drugs is a serious challenge for countries around the world, and that action to counter the illicit drug trade is important and necessary, the evidence does not support the argument that the death penalty is an effective deterrent. We are ready to share our experiences in addressing the threat posed by drugs,” the EU said. The Government of Sri Lanka has recently taken measures towards resuming executions and bringing an end to Sri Lanka’s 43-year moratorium on the death penalty as part of its stepped up anti-drug policy.
When one thinks of research activities, being cited in newspapers and magazines or on websites, radio and television does not immediately come to mind.But interactions with news media – being quoted in news or feature reports, writing commentaries or having research projects profiled in the press – have increasingly become part of researchers’ roles and responsibilities, say researchers and university officials.“The general public is very often interested in knowing about what we do,” says Community Health Sciences professor Anthony Bogaert, who has been featured in a wide array of national and international media primarily for his pioneering work on asexuality.This is in large part because society – like the students in the classroom – has a thirst for knowledge, while a key activity of a researcher’s job is to disseminate knowledge, says Vice-President Research Gary Libben.Media appearances are “in no way different from that core mandate to share knowledge,” says Libben. “It’s in a different venue perhaps with different people, but that’s all the better.“A democratic society is an informed society. It’s a society that has chosen to think.”To encourage researchers’ involvement with the media, and make it easier for media to connect with researchers, Brock’s Office of Communications & Public Affairs is working with the Office of Research Services and Faculties to create a fresh new BrockU Experts Guide for Media.This web-based resource will be posted on various University websites and shared with local, national and international news media organizations.To become part of this media initiative, faculty members can fill in the yellow-coloured submission forms that were mailed out in August. The deadline for submissions for the 2012-13 Guide is Tuesday, Sept. 17.If anyone has questions, or wants to send submissions in electronically, please contact Jeffrey Sinibaldi (x4687; firstname.lastname@example.org) or Cathy Majtenyi, media relations specialist, Research Services (x5789; email@example.com).
Temperatures are expected to reach nearly double the average for the time of year on Tuesday on what could be the warmest day of 2017 so far.Parts of the UK will be as warm as Spanish hotspots Ibiza, Barcelona and Madrid. In the South East, temperatures could be as high as 18C, the Met Office said, well above the average maximum 10.3C for the region this time of year. Temperatures will have to soar higher than the 18.3C (65F) recorded on February 20 in Northolt, north-west London, and Kew Gardens, south-west London, to become the hottest day of 2017. The average maximum temperature for this time of year, taking in all of the UK, is 8.9C (48.02F) – significantly lower than highs reached on Monday.Murlough in County Down reached 15.9C (60.62F), the Giant’s Causeway hit 15.8C (60.44F), Usk in Monmouthshire enjoyed 15.4C (59.72F), and Saint James’s Park in central London reached 15.3C (59.54F). Towards the end of the week temperatures will fall but remain just above the average maximum highs for mid-March.Forecasters quashed hopes that it could be the hottest March week ever, as thousands of race-goers prepare to descend on Cheltenham.It is thought that it is unlikely that the mercury will reach 25.6C (78F) – the highest-ever March temperature, recorded on March 29 in 1968 in Mepal, Cambridgeshire.Race-goers can expect cloudy skies but will enjoy largely dry conditions. A river cruiser makes its way past Turf Fen Mill along the river Ant at How Hill in NorfolkCredit:PA Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily Front Page newsletter and new audio briefings.
IT’S A LONG WAY to Tipperary… from a sun-drenched beach in Malibu where Cappawhite native Cathriona White has been spotted strolling with none other than Jim Carrey.It’s almost as good as the time Renee Zellweger went out with Damien Rice and they were spotted in Tesco in Celbridge.“Who’s that girl?” the tabloids and celeb websites screamed out. “Where did she come from?”RadarOnline have rooted out a “source” who has revealed that the mystery brunette is indeed 26-year-old Irish woman White, and that she 50-year-old Carrey have been “dating for over a month” and that the actor is “smitten”.Source: RadarOnlineThe source also said that Cathriona, who is a trained beautician and makeup artist, will “do anything she can to make sure she’s successful… and dating Jim certainly can’t hurt her career”. Saucer of milk for the ‘source’ please.Radar also rooted out Cathriona’s Facebook page, but we here at The Daily Edge have sniffed out Cathriona’s early forays into the Hollywood scene.She’s worked a lot on the set of the online TV show The Online Gamer as both a makeup artist and an actress.Here she is as ‘Female Customer #2′ in The Online Gamer: Black Ops from 2010:And here she is in action (we’re not being sarky when we say don’t blink for too long, or you will actually miss her):Here she is on the set of a fashion shoot, doing her thang (again, no blinking):Cathriona has also worked behind the scenes on other Online Gamer episodes and most recently on the set of the short film Firefly.We wish her all the best in her career, and her romance with Jim Carrey. How is she going to explain her romance with Jim Carrey (will she just introduce him as ‘Jim’?) to her family back in Tipperary? Where did she even meet him? We have so many questions.Are you from Cappawhite? Do you know Cathriona? FOR THE LOVE OF GOD get in touch. We want to know if Jim Carrey makes those faces all the time, and if he’s planning a visit to the Rock of Cashel anytime soon. Email firstname.lastname@example.orgWatch: Jim Carrey sings Radiohead in a New York nightclub>
THIS IS THE week that was, in photos…
The driver who allegedly tried last month to hit a Clark County sheriff’s deputy with his vehicle, prompting an officer-involved shooting, made a first appearance in court Thursday in the case.Drew Patrick Lodahl, 30, of Vancouver appeared in Superior Court on suspicion of first-degree assault and two counts of attempting to elude stemming from the April 27 incident on Sunset Falls Road. However, Judge John Fairgrieve found probable cause to support a charge of second-degree assault instead.According to an affidavit of probable cause, Deputy Timothy Gosch spotted a suspicious vehicle parked in a turnout in the 33800 block of Northeast Sunset Falls Road at about 9:30 a.m. and contacted the two occupants. He believed both were wanted for felony warrants and that the car was stolen.The driver, identified as Lodahl, refused to leave the black Honda Accord, so Gosch moved to the front, driver’s side. Lodahl then started the car, in spite of Gosch’s orders not to, and sped toward the deputy, the affidavit states.Gosch back-pedaled out of the way and fired one shot from his service handgun at the driver. The bullet hit the car, court records said. No one was injured.
Christian Eriksen has been awarded the One Hotspur Junior members’ Player of the Season award for his excellent displays over Tottenham’s campaignThe Danish midfielder was presented with the award by One Hotspur Junior member Luke Canning at the club’s final game of the season with Spurs’ winning a nine-goal thriller against Leicester City in what was their last home league match at Wembley, before they move to their new stadium.“What a season it has been at Wembley! Hope you all enjoyed the season as much as we did. And thank you for voting me Junior members club player of the year,” Eriksen wrote on Instagram.The former Ajax star has scored 10 goals and made 10 assists in his 37 Premier League appearances for Spurs this season.Jan Vertonghen was named the club’s Player of the Year, while Victor Wanyama won Goal of the Season for his thunderbolt in the 2-2 draw at Liverpool earlier this year.
A round-up of the key facts and figures relating to financial education in the workplace:49% of employee respondents feel that their employer does not do enough to support informed financial decisions on savings and investments (Source: Equiniti) bit.ly/2ev3g5o38% of UK employee respondents who work at an organisation with a financial education programme are likely to be very or extremely engaged in their organisation (Source: Thomsons Online Benefits) bit.ly/2g1hF8G60% of UK employee respondents believe their employer should provide access to financial education to help with retirement planning (Source: Capita Employee Benefits) bit.ly/2dRpAnz19% of employer respondents have introduced, or will introduce, financial education in response to pensions auto-re-enrolment (Source: Employee Benefits/Close Brothers) bit.ly/2gnBIRp35% of employee respondents feel that a lack of knowledge or information affects their confidence when making saving decisions (Source: Willis Towers Watson and Nottingham University Business School) bit.ly/2get4Bt65% of employee respondents do not feel they have a good understanding of how workplace pensions are taxed (Source: PricewaterhouseCoopers) bit.ly/2fxJ8xn
The Office of Management and Budget (OMB) has told all federal agencies, including the Defense Department, that their upcoming budgets should reflect a 5 percent reduction below the funding level programmed for fiscal 2017 in the current budget request submitted to Congress last February.“[The guidance] asks agencies to show how they would cut 5 percent below the FY 2017 levels shown in the FY 2016 budget, as well as how they would prioritize funding add-backs to those levels,” an OMB spokeswoman told CQ Roll Call.“This guidance represents the starting point in the budget process,” she said.The federal government has until next February to submit its FY 2017 budget to Congress. Agency responses to the OMB memo represent one of the first steps in the process of crafting a budget for the fiscal year starting Oct. 1, 2016.The letter tells officials to focus on reducing areas of “fragmentation, overlap and duplication” as recommended by the Government Accountability Office. Such proposals will “provide the president with the options needed to sustain or augment critical investments and support effective programs,” according to the story. Dan Cohen AUTHOR
India’s NSE Nifty index crossed the 10,000-mark for the first time on Tuesday, as foreign and domestic institutional investors continued to buy in local equity markets.Nifty 50 Index opened at 10,010.55 points, up 0.44 percent from the previous close. Attending this mark makes it one of Asia’s best performing stock markets. Although setting a record, it dropped 45-50 points as traders became cautious ahead of the US Federal Reserve meeting slated later for Tuesday. Mint quoted a Bloomberg report, saying the Fed Reserve is expected to keep rates on hold.The rise in Indian stocks has been primarily fuelled by foreign institutional investor (FIIs) buying. So far this year, FIIs have bought a net of $8.73 billion, according to NSDL data.The bull run in the market has, however, running on excess liquidity with not much of an increase in earnings expectations. Another big factor for the phenomenal rise in stock value has been the shift of Indian savers to more financial assets as prices of gold and property moderated after the government’s ban on high-value currency notes, reported BloombergQuint.Nifty has become one of the most expensive indices in the world. Currently, it is trading at 19.2 its expected earnings for the current financial year, as compared to a multiple of 17.6 at the start of the fiscal year, reported Mint.Among the Nifty stocks, Indiabulls Housing Finance was the top gainer, up 2.6 percent followed by Bharti Infratel and Vedanta, which advanced 2.5 percent and 1.7 percent, respectively.”It’s high time that markets consolidate. Markets are running ahead of fundamentals, only liquidity is driving the rally. Valuations are expensive as earnings are not going to see growth,” Manish Sonthalia, head of equities for Motilal Oswal Asset Management’s portfolio management services said to Mint.In the short term, we may be looking at possible blow out rally as Nifty crosses 10,000 but we could witness a deep correction in near future.