SERVICE N.S./MUNICIPAL RELATIONS–Amherst Access Nova Scotia toOpen at Superstore Mall The Amherst Registry of Motor Vehicles (RMV) service will beopening in its new home on Monday, Oct. 6. “We’re moving to the new Atlantic Superstore Complex on SouthAlbion Street, not too far from our current location,” said GaryPorter, director of service delivery with Service Nova Scotia andMunicipal Relations. The RMV will operate under the Access Nova Scotia banner. “Adopting the Access Nova Scotia name reflects the fact that weoffer a lot more to our clients than RMV services,” said Mr.Porter. “We will continue our residential tenancies and debtorassistance programs, and supply general information about othergovernment programs and services.” -30-
Representatives of the provincial government, the Cape BretonVictoria-Regional School Board, and students from Rankin Memorialand Christmas Island schools helped break the ground today, Sept.14, for a new, $6.2-million school to serve the Iona area. The Grade Primary to 12 school will have a projected enrolment of155. Education Minister Jamie Muir acknowledged the challenges indesigning a modern school of this type for a relatively smallstudent body, but said active involvement of the community madeit possible. “It has been an excellent example of effective communication andco-operation,” he said. “I would like to thank everyone involved,and say how much we look forward to working with them in bringingthis project to completion.” Mr. Muir said the new school would continue the role of itspredecessor as a focal point for the preservation of Gaelicculture. Elizabeth MacPhee, chair of the Cape Breton Victoria RegionalSchool Board, thanked the Department of Education and communitygroups for their efforts. “I want to thank all here today for their continued support forthe project,” she said. “Home and School, School AdvisoryCouncil, and in particular the School Study Team have committedcountless hours to making this dream a reality. I also want tothank the board members for the area, Keith Bain and DarleneMorrison.” The 35,300 square-foot school is scheduled for completion inMarch 2006. It will replace Rankin Memorial School and Christmas IslandConsolidated School, which currently serve nine communities inthe area. The new building will offer improved facilities in all areas ofschool life, particularly in physical education and music. It is part of an eight-year school construction program funded bythe Department of Education worth more than $400 million. EDUCATION -Work On Iona School Gets Official Launch
Users of Indian Beach, North Sydney, should refrain from swimming at the beach until further notice. Routine weekly testing at the site by the Department of Environment and Labour shows high levels of fecal streptococcus,an organism that often indicates the presence of disease-causing organisms. Dr. Ann Roberts, medical officer of health, advises that swimming in the affected water may result in eye, ear, nose, throat, or skin infection until the bacteria levels return to normal. Levels of micro-organisms at swimming sites can fluctuate for a variety of reasons, including rainfall, water temperature, wind direction, or the presence of pet droppings. “Swimming water quality is monitored weekly during the supervised swimming season, said Mark Farrell, district manager of environmental monitoring and compliance for the Sydney region, Department of Environment and Labour. “It is not unusual that a beach be closed temporarily during the hottest summer months.” Water quality at the beach will be tested several times throughout the next week.
Premier Rodney MacDonald today, Feb. 8, announced that Ronald Chisholm will be appointed acting Minister of Agriculture, and will remain Minister of Fisheries and Aquaculture. Mr. Chisholm replaces Brooke Taylor who has taken time off for health reasons. Mr. Chisholm has been MLA for the constituency of Guysborough-Sheet Harbour, formerly Guysborough-Port Hawkesbury, since first elected to the House of Assembly in 1999.
Women working in science, trades and technology will be the focus of two celebrations for International Women’s Day in Halifax Regional Municipality and in Bridgewater. On March 8, the Nova Scotia Advisory Council on the Status of Women and Nova Scotia Community College celebrations will highlight Techsploration and Women Unlimited, programs that encourage women to enter trades and technology. “Women make an important contribution to our province’s prosperity, whether they work at paid or unpaid jobs,” said Carolyn Bolivar-Getson, minister responsible for the Advisory Council on the Status of Women Act. “And today, we’re focusing on women in trades and technology, who are paving exciting career paths for women in Nova Scotia.” Women make up nearly half of the workforce in the province. However, less than five per cent of women work in trades and about 16 per cent in technology occupations in Nova Scotia, despite good job security and pay. Emily Swim, Jamie Patriquin and Tiffany Cotter are three women studying to work in those fields. They are the only women in the Natural Resources Operations program at NSCC’s Lunenburg campus in Bridgewater. “We are all very proud of our accomplishments,” said Ms. Patriquin. “There were times when our male classmates expected us to fail, but as soon as they realized we could operate a chainsaw as well as the rest, we gained instant respect. I expect it will be the same when we begin our working careers.” Industries that rely on tradespeople and technological workers are experiencing a shortage of skilled workers that will worsen over the next decade. The aging of the trades and technology workforces will have a significant impact; for example 35 per cent of construction workers are older than 45. Several solutions may be needed. Women in all their diversity are a source of talent for employers. Women’s employment in trades and technology is growing as they begin to receive the kinds of encouragement men receive. Techsploration and Women Unlimited both work to improve the numbers of women in these fields. Techsploration, a partnership of the Department of Education, NSCC and Women in Trades and Technology Nova Scotia (WITTNS), is designed to attract students to these fields. It has expanded across the province, with other provinces and countries looking to replicate its success. Women Unlimited is a fairly new concept in Nova Scotia that supports women and helps address the barriers they face trying to enter the trades and technology fields. The WEE Society (Women’s Economic Equality) and the Hypatia Association developed the three-year program with support from Nova Scotia Community College and the federal and provincial governments, including the Advisory Council on the Status of Women. Hypatia Association works with employers to ensure that workplaces are welcoming to women. Women Unlimited is being tested at the Lunenburg and Institute of Technology campuses of Nova Scotia Community College.
The relationship between the Mi’kmaq and the province is growing every day and continues to show positive results in a number of areas, Premier Darrell Dexter said today, Oct. 1. “Since last year’s celebrations, we have shared in unforgettable moments, good work and real progress,” said Premier Dexter. “In particular, the 400th anniversary of the baptism of Grand Chief Membertou in June was a deeply significant event, and one in which I was proud and honoured to participate.” Work between the Mi’kmaq, the province and federal government led to significant gains last month when the three parties signed the Mi’kmaq-Nova Scotia-Canada Consultation Terms of Reference. This landmark agreement creates a clear and consistent single-window approach to decision-making around land development, protection and regulation involving the aboriginal community. “The Mi’kmaq-Nova Scotia-Canada Consultation Terms of Reference recognizes the important role of the Mi’kmaq in decision-making and demonstrates a spirit of good will and co-operation among the three parties,” said Premier Dexter. “It is the only agreement of its kind in Canada.” “We come together today as treaty partners and renew our unique relationship with the Crown as friends and neighbours,” said Mi’kmaq Grand Chief Ben Sylliboy. “2010 will be remembered as the year Mi’kmaq pride filled the hearts of so many and our people were showcased throughout this great nation and the world — through the Membertou 400 celebrations, Her Majesty The Queen’s visit and the rebirth of the Mi’kmaw Summer Games.” “Mi’kmaq Treaty Day in Nova Scotia recognizes the signing of the Peace and Friendship Treaties of the 1700s, and is the basis of the ongoing partnerships between the Mi’kmaq and the Crown,” said John Duncan, Minister of Indian Affairs and Northern Development and Federal Interlocutor for Métis and Non-Status Indians. “Government is proud to be part of this celebration which provides an opportunity to recognize the important contribution made by the Mi’kmaq to the province’s history, culture and economy.” During the Treaty Day ceremony, the premier and Mi’kmaq representatives presented a number of awards to elders and youth from Mi’kmaq communities throughout the province. The ceremony began in 1986 with the signing of a proclamation by then Grand Chief Donald Marshall Senior. The day marks the beginning of Mi’kmaq History Month in Nova Scotia.
Proposed administrative amendments to the Gaming Control Act will ensure the division regulating alcohol and gaming for the province will continue to run smoothly. The amendments will formalize in legislation the current structure of the Alcohol and Gaming Division of Service Nova Scotia and Municipal Relations. The existing legislation reflects a structure that was in place when the work was done by an arms’ length agency. This has not been the case since 2000. “Since the division is no longer an arms’ length agency, the province can eliminate the need for government to appoint positions, making the staffing process more efficient,” said John MacDonell, Minister of Service Nova Scotia and Municipal Relations. The changes recognize that the directors’ positions at the Alcohol and Gaming Division are filled through the Public Service Commission, rather than being appointed by the government. These technical changes to the act will not make any noticeable difference to the public or regulated organizations.
Une nouvelle loi permettra de renforcer les organisations de pêcheurs, leur donnant ainsi une voix collective plus forte aux niveaux provincial et fédéral. Sterling Belliveau, ministre des Pêches et de l’Aquaculture, a présenté la loi sur l’appui aux organisations de pêcheurs (Fish Harvester Organizations Support Act) à l’Assemblée législative, aujourd’hui 15 novembre. « Le secteur des pêches fait face à d’énormes défis et il est important de s’assurer que les organisations de ce secteur reçoivent le soutien nécessaire pour répondre aux besoins de leurs membres, a dit M. Belliveau. Cette nouvelle loi offre des outils pour aider les pêcheurs côtiers à renforcer leurs organisations pour qu’elles puissent représenter plus efficacement leurs intérêts dans des enjeux tels que la gestion des pêches et la sécurité en mer, et tirer profit des possibilités du marché. » La loi mettra en place un système amélioré d’adhésion qui permettra l’imposition fructueuse des cotisations dans les régions qui votent pour la mise en œuvre de cotisations. Elle offrira aussi des mécanismes qui permettent au ministre de faciliter le vote pour les pêcheurs et de modifier les six régions établies en vertu de la loi afin de mieux correspondre aux zones et aux activités de pêche. Les groupes intéressés sont d’accord que la loi actuelle a besoin d’être améliorée. « Sans la capacité de mettre en œuvre la loi, cette dernière ne fera pas ce qu’elle doit faire, a dit Eugene O’Leary, président de la Guysborough County Inshore Fishermen’s Association. Nous avons participé au processus de consultation et nous avons hâte de voir la nouvelle loi qui nous permettra de demeurer une association reconnue et de recueillir des cotisations pour faire notre travail au nom de nos membres. » La loi sur l’appui aux organisations de pêcheurs facilitera l’établissement efficace de groupes selon des intérêts économiques communs et, dans certains cas, selon les espèces ou la région géographique. « Une loi à l’appui des organismes de pêcheurs sera avantageuse pour les futurs pêcheurs et pour l’industrie en général, a dit Ashton Spinney, président du Lobster Fishing Area 34 Advisory Board. Nous avons travaillé pendant plusieurs année pour en arriver à cette étape. Cette loi est nécessaire. Je suis heureux de voir qu’elle a été présentée et j’ai hâte de la voir mise en œuvre. » La loi sur l’appui aux organisations de pêcheurs (Fish Harvester Organizations Support Act) remplacera la loi sur l’appui aux organisations des pêches (Fisheries Organizations Support Act), qui a été adoptée en 1995.
Provincial Emergency Management officials are in the area and are available to provide support today, Sept. 23, after reports of flooding in Colchester and Pictou counties. The Regional Emergency Management Organization is executing its emergency management plan. The flooding in several areas of Colchester and Pictou countes is being managed by local authorities. “The residents of the area have been through a lot already and I really feel for all who are now dealing with flooding issues for a second time,” said Truro-Bible Hill MLA Lenore Zann, on behalf of Ross Landry, Minister of Emergency Management. “I toured the area myself at midnight and again today and provincial EMO and Transportation and Infrastructure Renewal officials have been on the ground since this morning. But I know that the local authorities have things in hand and want to reassure them that the provincial government is also ready to step in if needed.” Provincial and municipal experts will continue to gather information this week in preparation for a meeting with Premier Darrell Dexter, Ms. Zann, municipal leaders and other officials. Premier Dexter called for that meeting after the last storm to develop an action plan that protects families and businesses from flooding in central Nova Scotia. Work to repair a berm on the North River will begin as soon as conditions are safe, which could be as early as Monday, Sept. 24. Information on highways is available by calling 511. Information on local roads is available from the 511 website.
Entrevue avec des personnes âgées. Rédaction de pièces de théâtre. Mentorat. Bénévolat. Voile. Voilà le genre d’activités offertes aux jeunes à risque partout en Nouvelle-Écosse grâce au programme Phares, un programme de subventions provincial. La province cherche d’autres bonnes idées pour aider les jeunes Néo-Écossais à rester sur la bonne voie afin qu’ils puissent réaliser leur plein potentiel À cet effet, le ministre de la Justice, Ross Landry, a annoncé aujourd’hui, 22 janvier, de nouvelles subventions pour l’année 2013-2014. Il a fait cette annonce au Centre d’apprentissage et d’emploi Phoenix, à Halifax. « Quand des jeunes à risque participent à ces programmes, ils ont du plaisir, ils découvrent ce qui les passionne et ils s’engagent dans leur collectivité, a déclaré M. Landry. Nos partenaires du programme Phares tendent la main aux jeunes partout dans la province et cela rend nos collectivités plus fortes et plus sûres. » Dans le cadre du programme Phares, les groupes peuvent faire une demande de subvention de 12 000 $ pour offrir des programmes destinés aux jeunes et conçus pour prévenir et réduire la criminalité. Des initiatives récréatives, éducatives, culturelles et d’aptitudes de vie peuvent prendre la forme de programmes parascolaires pour les jeunes à risque ou d’activités dans les domaines des arts des médias, de la danse ou du théâtre. « Youth on the Radar a été une expérience incroyable. Cela m’a appris qu’à travers l’art, tout le monde peut se faire entendre et amener un changement, a déclaré Caitlin Hempel, une ancienne participante à Youth on the Radar. Cela m’a aussi donné des outils ainsi que la compréhension nécessaire pour savoir comment amener des changements sociaux positifs par l’entremise de l’art. Cela m’a donné une voix. » Commencé en 2010, le programme Phares a accordé l’an dernier la somme de 240 000 $ en subventions à 20 groupes communautaires répartis dans la province. Les groupes ont rapporté près de 3 000 visites de jeunes par mois et près de 33 000 interactions positives entre des jeunes et des adultes. Plus de 150 partenariats officiels ont été établis avec des groupes pour appuyer le programme, notamment avec les services de police locaux, les programmes de santé mentale et des gens d’affaires dans les localités. « Les jeunes que nous avons le privilège d’apprendre à connaître ont du ressort, ne se laissent pas abattre et font preuve d’empathie, a déclaré Timothy Crooks, directeur général de Phoenix à Halifax. Ils veulent rester aux études, avoir de vraiment bons emplois et être en mesure de contribuer à leur collectivité. Grâce à la subvention du programme Phares, nous avons pu aider à renforcer leur détermination et leur offrir un certain soutien en cours de route. » Phoenix utilise la subvention du programme Phares pour offrir des programmes parascolaires aux enfants et aux jeunes de Mulgrave Park. Le formulaire de demande pour les subventions du programme Phare pour l’année 2013-2014 est en ligne à http://novascotia.ca/just/prevention/.
A Nova Scotia university known for protecting the environment is becoming greener. The province unveiled two projects today, March 28, that will help Acadia University become more energy efficient and reduce costs. One project will bring compressed natural gas, a cleaner energy source than the oil, to the university, and the other project will improve Acadia’s steam distribution system. “Acadia is known across the country for its excellent environmental science and environmental studies programs,” said Education Minister Ramona Jennex, on behalf of Labour and Advanced Education Minister Frank Corbett. “The province is delighted to help Acadia put their beliefs into practice.” Nova Scotia’s 10 universities, like most Canadian schools, face a number of demographic and economic challenges, which means they need to do things differently. Burning cleaner fuel and making the distribution system more efficient makes sense, and it shows students how theory translates into reality. “If our graduates are to help Nova Scotia achieve prosperity that we have not seen for generations, they need to be up to date on the latest developments in their field of study,” said Ms. Jennex. “That’s why the province is investing in universities, in students and in the future.” “We are grateful to the Province for its investment in a project that is a significant component of Acadia’s long-term sustainability plan,” said Ray Ivany, Acadia president and vice-chancellor. “Acadia’s enrolment growth, its expanding list of community partnerships, and the scholarship and research success being achieved by its students and faculty, are all signs of a campus community with significant positive momentum. The compressed natural gas energy conversion project represents an important step towards greater energy efficiency, cost savings and improved environmental performance.” Matthew Rios, president of the Acadia Student Union, agrees. “Acadia students are extremely excited about the announcement today, as it points towards a long-term future at Acadia that is more fiscally and environmentally sustainable,” he said. “The Innovation Fund investment will allow our university to make a significant energy change which reflects our institution’s strong and well-understood environmental values.” The two Acadia University projects have a combined value of about $3.4 million. Earlier this week, the province announced 16 Innovation Fund projects worth $6.1 million. More than $4 million in Innovation Fund projects is also being announced today, for St. Francis Xavier University and Cape Breton University. With these projects, the province will have delivered $15 million from the Innovation Fund to Nova Scotian universities since 2012. Another $10 million will be invested in 2013-14. In addition, the province will deliver $314 million in university operating grants next year. A $25-million Innovation Fund, established in 2011, is helping universities deliver high quality education to their students while exploring ways to permanently reduce their operating costs. Each university is receiving Innovation Fund investments this year to enhance learning opportunities and services for students, to become more energy-efficient, or to make better use of technology.
House of Assembly Speaker Gordie Gosse will reconvene the fifth session of the 61st general assembly at noon, Thursday, June 20. This decision results from consultation with government respecting the public interest. -30-
The province is making the holiday season brighter and greener, and promoting Nova Scotia Christmas trees at the same time. As part of an annual tradition, the Lunenburg County Christmas Tree Producers’ Association presented trees to Lt.-Gov. J.J. Grant, Premier Stephen McNeil, Natural Resources Minister Zach Churchill and Agriculture Minister Keith Colwell today, Dec. 4. At a ceremony at Province House, Lt.-Gov. Grant donated his tree to Camp Hill Veterans Hospital, and Premier McNeil donated his to the Home of the Guardian Angel–Chebucto Family Centre. Mr. Churchill donated his tree to Metro Turning Point Centre, a shelter for homeless men, and Mr. Colwell donated his to Margaret’s House, Dartmouth, which provides meals to underprivileged adults. “Nova Scotia Christmas trees are enjoyed around the world so it’s only natural that we want to share that experience with people here at home,” said Mr. Churchill. Tree growers Murray Crouse of Fauxburg, Jeff Reeves of Forties, Anzil Blackadar of New Canada and Jack Wentzell of Parkdale donated the trees this year. “Our families are so excited for the arrival of the tree this year,” said Tammy Turple, executive director, Home of the Guardian Angel-Chebucto Family Centre. “It will certainly brighten our centre and add to the holiday cheer in our community.” While some may think artificial trees are convenient, real trees have many benefits. Real trees are biodegradable, nearly carbon neutral and recyclable. After the holidays, they can be composted or used as bird feeders, potpourri ingredients, or winter garden cover. There are 2,500 Christmas tree growers in Nova Scotia and another 3,000 people employed indirectly. The industry generates about $30 million for the economy, annually and exports close to two million trees annually, making the province the second largest exporter of Christmas trees in Canada. More than 75 per cent of Nova Scotia’s Christmas trees are exported to the United States and about 10 per cent are shipped overseas. The Balsam Fir is Nova Scotia’s most popular Christmas tree, at 98 per cent of the provincial harvest. White pine, Scots pine, red pine, Fraser fir, Korean fir, and spruces are also harvested. Tips about real tree selection and care, and where to buy a Nova Scotia Christmas tree are at http://novascotia.ca/natr/christmastrees/.
Government is improving investor protection through amendments to the Securities Act introduced today, Nov. 20. The changes promote harmonized securities legislation in Canada, something supported by Nova Scotia as a member of the Canadian Securities Administrators. Changes include: Some out-of-date provisions will also be updated or eliminated. The Securities Act provides investors with protection from practices and activities that undermine investor confidence in the fairness and efficiency of capital markets and fosters the process of capital formation. This act is administered by the Nova Scotia Securities Commission. enabling implementation of stage three of the harmonized point-of-sale disclosure requirements for investment funds, which will require a fact sheet be made available for the sale of Exchange Traded Funds enabling the expansion of the passport filing system used across Canada, reducing the regulatory burden on market participants ensuring investors involved in legal proceedings are not unfairly impacted by the limitation of action provision improving investor protection by expanding the number of tools available to the Nova Scotia Securities Commission to conduct compliance and enforcement activities
For Broadcast Use: As the holiday season approaches, the Nova Scotia Provincial Lotteries and Casino Corporation reminds parents to keep age in mind when giving lottery tickets as gifts. Bob MacKinnon, president and CEO of the corporation, says it is important to send a responsible gambling message to parents and minors. Lottery products are forms of gambling and inappropriate for minors, no matter what the season. -30- The Nova Scotia Provincial Lotteries and Casino Corporation is reminding parents not to buy lottery and scratch tickets as stocking stuffers or gifts for minors. “It’s important that we send a strong, responsible gambling message to parents to not purchase lottery products for minors,” says Bob MacKinnon, president and CEO of the Nova Scotia Provincial Lotteries and Casino Corporation. “Playing lottery at a young age can increase the potential for problem gambling later in life.” Parents and caregivers are influential role models for their children and Mr. MacKinnon urges adults to help prevent youth from gambling. “We can all play a role in preventing underage gambling,” said Mr. MacKinnon. “No matter what the season, minors should not be participating in gambling.” The corporation and its ticket lottery operator, Atlantic Lottery, continue to take measures to ensure adults and youth understand their responsibility by including age of majority messaging on ticket lottery products and by confirming ticket lottery retailers are committed to enforcing the 19+ laws. To continue raising awareness, the corporation is again participating in McGill University’s Holiday Campaign reminding people they can keep the fun in the holidays by gifting lottery tickets responsibly to adults.
Kolkata: The second modern foot overbridge in the city, based on public private partnership (PPP) model, with all modern facilities is coming up at Exide Crossing in South Kolkata. The groundwork for construction of the overbridge has already started and the civic body has chopped off five trees on the footpath to facilitate its construction.The bridge will be in close proximity to the gates of Rabindra Sadan metro station located on either sides of the road. Also Read – City bids adieu to Goddess Durga”It will be more or less similar in look to the one that have come up at Alipore. There will be facilities of escalators and stair cases on either sides,” said a senior official of the Town Planning department of KMC which will be overseeing the construction. Exide Industries will bear the entire expense of construction which will be in the tune of Rs 4 crore. The foot overbridge will be nicely illuminated and will be under CCTV surveillance. Exide will have the rights for putting up advertisements in the foot overbridge. “We will be signing an agreement for a period of 20 to 30 years in which the company will be paying a fee to the KMC for advertisement rights,” the official added. Also Read – Centuries-old Durga Pujas continue to be hit among revellersThe KMC has cut down trees after taking necessary permission for the state Forest department and have already earmarked places where they will be planting the same number of trees. In February 2018, when Chief Minister Mamata Banerjee had inaugurated a modern foot overbridge in front of Alipore Zoological Gardens through remote control at a government programme at Tarakeswar in Hooghly district. It was the first foot overbridge under PPP model. The one at Exide will be the second such bridge in the city. KMC has already sought permission from the Defence Ministry for construction of another foot overbridge on Turf View Road. “The main objective behind these foot overbridges is to enable the pedestrians to cross smoothly from one side of the Alipore Road to another and also to have smooth and uninterrupted movement of vehicles,” said DG (Town Planning), KMC Biswajit Majumder. The spots have been selected as these places have witnessed a number of road accidents.
New Delhi: A team of personnel from Indian Air Force, Army and some civil mountaineers were on Wednesday airlifted to a location close to the crash site of an AN-32 aircraft in Arunachal to look for possible survivors, officials said. The wreckage of the AN-32 aircraft of the Indian Air Force was spotted on Tuesday in a heavily forested mountainous terrain by an IAF Mi-17 helicopter, eight days after it went missing with 13 people on board. Also Read – IAF receives its first Rafale fighter jet from France “A team comprising personnel from IAF, Army and civil mountaineers have been airlifted to a location close to the crash site,” a spokesperson of the IAF said. Another official said the rescue team will look for possible survivors. The Russian-origin AN-32 aircraft was going from Jorhat in Assam to Menchuka advanced landing ground near the border with China on June 3 when it lost contact with ground staff at 1 pm, within 33 minutes of taking off. Also Read – Cosmology trio win Nobel Physics Prize The IAF launched a massive operation after the aircraft went missing and the wreckage of the plane was spotted on Tuesday at a height of 12,000 feet near north of Lipo locality. The IAF said efforts are on to establish the status of occupants amid fears that chances of any survivor in the one of worst accidents involving a military platform in recent years may be very bleak. The IAF spokesperson said Air marshal RD Mathur, Air officer-commanding-in-chief Eastern Air Command complimented the search team for their relentless effort spanning eight days. Mathur also thanked Arunachal Chief Minister Pema Khandu and Chief Secretary Satya Gopa for extending unflinching support to the IAF towards locating the missing An-32. “The proud and highly patriotic people of the state have worked tirelessly to help the IAF for a national cause,” said the spokesperson.
New Delhi: Indian equities this week will be guided by factors like geopolitical developments, US-China trade negotiations and Fed interest rate decision amid lack of major domestic triggers, say analysts. Investors will also keep a track on the domestic trade situation following reports that India has decided to impose retaliatory tariffs on 29 US products with effect from June 16. The government had on June 21, 2018 decided to impose these duties in retaliation to the US decision of significantly hiking customs duties on certain steel and aluminium products. India had extended the deadline for imposition of duties multiple times in the hope that some solution would emerge. Also Read – Maruti cuts production for 8th straight month in Sep “Markets are currently dancing to the global tunes and we do not see this changing any time soon, in absence of any major local trigger,” said Jayant Manglik, President – Retail Distribution, Religare Broking. Vinod Nair, Head of Research, Geojit Financial Services, said: “Ripple effect from a weak global market while premium valuation and slow economy is hurting the market. Continuous exchange of words between US and Tehran regarding the oil tanker attack, progress of US-China trade war, Fed policy outcome on 19th June and progress of monsoon will be closely watched by the investors.” Also Read – Ensure strict implementation on ban of import of e-cigarettes: revenue to Customs Global markets were spooked last week after two oil tankers were attacked in the Gulf of Oman, leading to ratcheting up of tensions in the Middle East. Crude oil prices, movement of rupee against the dollar and foreign fund investment trend would be crucial for the markets, experts added. “Negative news flow from the finance sector on loan repayment is dampening the investors sentiment which can be a trigger for a bigger correction before the budget session,” said Romesh Tiwari, Head of Research, CapitalAim. The BSE Sensex stayed on the back foot for the third straight session Friday as investors dialled down equity exposure amid high valuations and a fresh spell of uncertainty in the global markets. The markets suffered a sudden sell-off towards the fag-end following reports of India deciding to impose retaliatory tariffs on 29 US products. During the last week, the Sensex fell 163.83 points or 0.41 per cent, to close at 39,452.07.
New Delhi: Rahul Gandhi Thursday stuck to his decision to resign as Congress president, saying he did it to ensure accountability for the party’s Lok Sabha poll debacle and there was no question of going back on it.He made the comments during a meeting with leaders from Haryana state coordination committee who urged him to continue to lead the party and take back his resignation. “I have resigned after taking full responsibility and ensuring accountability for the party’s defeat in the Lok Sabha elections. I cannot ask others to resign too. It is up to them if they want to take responsibility,” he told the leaders.He added there was no question of going back on his decision. Also Read – Ahead of Xi’s visit, China says Kashmir issue should be resolved bilaterally; drops UN references The Congress did not win a single Lok Sabha seat out of 10 in Haryana. Ashok Tanwar continues to be the state Congress chief and has not quit despite his tenure coming to an end. About the party’s strategy for upcoming assembly elections, Gandhi plainly told the leaders to discuss it among themselves, leaving the state unit in the lurch. The leaders later said they spoke to Gandhi separately and hoped the party would take a decision on the state leadership soon. Haryana goes to polls later this year.Those present during the meeting, which remained inconclusive, were Congress general secretary in-charge Ghulam Nabi Azad, former Haryana chief minister Bhupinder Singh Hooda and Tanwar. Also Read – Rajnath Singh arrives for Rafale handover ceremony in France Haryana CLP leader Kiran Choudhry, party MLA and chief spokesperson Randeep Surjewala and Kuldeep Bishnoi were among the prominent absentees at the meeting.Gandhi, in the presence of UPA chairperson and his mother Sonia Gandhi, had on Wednesday told his party’s Lok Sabha members that he was no longer the Congress president as he had resigned.He had said it was up to the Congress Working Committee, the party’s highest decision-making body, to decide on selecting the new president. When some MPs told him that leaders would start resigning, Gandhi said, “If someone wants to leave the party, they are free to do so today instead of tomorrow. I am here and would continue to be in the party and work for the Congress.” “I have become a Congress fanatic and (will) continue to fight the RSS. If others want to be with him (Rahul), they are welcome,” he told the MPs on Wednesday. (With inputs from DNA)
Economic Survey laid down the current dispensation’s ambitious target to make India a $5 trillion economy by 2024-25 and the Budget elaborates on the roadmap, allaying the rising inquisitiveness in the Indian psyche over the government’s plausibility. Budget 2019 puts India on the developmental trajectory with the objective of reaching a $3 trillion economy in the current year itself. Given the past five years, our economy has jumped from $1.87 trillion back in 2014 to $2.7 trillion in 2019. Exuding confidence in the country’s vision and its people, who have made it possible to add $1 trillion to the economy in just five years, especially since it took 55 years for the Indian economy to reach $1 trillion, Finance Minister Nirmala Sitharaman gave her budget speech addressing the Parliament and people of India on the grand Indian vision laden with developmental aspirations and an investment-driven economy. Highlighting the vision for a decade presented in the interim budget, the FM elaborated on each objective stressing the need to step up. Infrastructure development, as expected, was one of the prime agendas of the Modi government wherein the Budget outlined a greater thrust to investment. Besides investing heavily in infrastructure, digital economy, and job creation, specifically in small and medium firms, took centre stage for this year’s Budget. Keeping “gaon, garib, aur kisan” at the centre of its efforts, the government stressed on transforming rural lives through last-mile rural connectivity–phase three of the Pradhan Mantri Gram Sadak Yojana, rural electrification, housing for all with amenities like toilets, electricity and LPG connections, rejuvenation of traditional industries–Bamboo, Honey and Khadi–to have 75,000 skilled entrepreneurs in agro-rural industry sectors, internet connectivity in every Panchayat and piped water supply to all rural households under the newly constituted Jal Shakti Ministry. Infrastructure development will see the initiation of Bharatmala phase two wherein state roads will be developed. As the world’s third-largest domestic aviation market, the need for aircraft financing and leasing activities from Indian shores remains high in order to develop a self-reliant aviation industry. The Jal Marg Vikas project will ensure the development of inland waterways to improve logistics, reduce transportation cost and decongest railways and roadways. Railways will require a capital investment of Rs 50 lakh crores until 2030 wherein a PPP model will be promoted for development of railway infrastructure. The indigenously developed payment ecosystem for transport called the National Common Mobility Card will enable people to pay multiple kinds of transport charges, including metro services and toll tax, parking charges, retail shopping and even withdraw money across the country. For faster adoption of electric mobility, phase two of FAME will be rolled out incentivising purchase of e-vehicles and setting up charging infrastructure apart from a tax deduction of Rs 1.5 lakh on EV loan interest and no customs duty on certain parts of EV. A comprehensive blueprint would be developed for all-round connectivity infrastructure constituting gas grids, water grids, regional airports, power grids and i-ways. Measures have been listed for boosting infrastructure financing with a Credit Guarantee Enhancement Corporation to be set up in 2019-20. There is an action plan to deepen long-term bonds market with a specific focus on the infrastructure sector and permitting the transfer of FII/FPI investment in debt securities issued by IDF-NBFCs to domestic investors. Industrial development will witness empowerment of MSMEs and social enterprises where interest subvention scheme for MSMEs will be allocated Rs 350 crore for 2019-20. Social stock exchange to be created for listing social enterprises and voluntary organisations. Make in India to be promoted with changes in customs duties and a dedicated TV channel for startups along with e-verification for establishing investor identity and fund-source in a bid to resolve tax issues over fundraising. A scheme of faceless electronic assessment to be launched along with convenience for taxpayers by making Aadhaar and PAN interchangeable for filing returns. A custom duty hike on fuel by 1 rupee. No change in income tax slabs. Enhanced interest deduction up to Rs 3.5 lakh for purchasing an affordable house. 3 and 7 per cent surcharge to be levied on the income of Rs 2 crore and above and Rs 5 crore and above respectively. For promoting a cashless economy, TDS of 2 per cent on cash withdrawal exceeding Rs 1 crore per annum from a bank account while no charges or MDR on the specified digital mode of payments with the compulsory provision of these modes by large businesses. With the further simplification of GST processes, a fully automated GST refund module to be implemented and the provision of filing quarterly returns for taxpayers having an annual turnover of less than Rs 5 crore. Another recapitalisation plan for PSBs amounting to Rs 70,000 crore to compliment the record recovery of Rs 4 lakh crore in the last four years due to IBC and other measures. With the immense success of Swachh Bharat Mission, the expansion of the same to be undertaken for catering to sustainable solid waste management in every village. Scheme for providing pension benefits to retail traders and small shopkeepers. National Research Foundation and National Sports Education Board to be established. Focus to be given on preparing the youth for new-age skills such as AI, IoT, Big Data, 3D printing, VR et al. Covering all sectors, the Budget has outlined the trajectory for its vision and all that now remains is avid adherence to this roadmap that shall guide India to become one of the largest and high-performing economies in the world.