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Posted by: | Posted on: October 20, 2019

Unstable exchange rate may put businesses in dire straits Mitra

first_imgKolkata: State Finance minister Amit Mitra said on Thursday that an unstable real exchange rate due to borrowing of foreign money may jeopardise the businesses in the country.Mitra also urged the businessmen to be careful while borrowing foreign money. He was speaking at the inauguration of the new Integrated Leather Complex at Bantala on Thursday. He said that if any foreign banks hike the interest rates, it will affect the borrowers. Sharing some Bengal-specific data, Mitra said planned expenditure in the state has increased six times in last eight years, while the capital expenditure in the state has increased 11 times. Also Read – Centuries-old Durga Pujas continue to be hit among revellersAccording to Mitra, the physical infrastructure in the state has also increased five times. The Bengal government has increased the allotment in agriculture as well. During his speech, Mitra has given a detailed account of how the Centre has reduced budgetary allocation in different schemes in the current financial Budget, pointing out the 1.8 percent reduction in allotment under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari PujaThe Centre has also slashed the budgetary allocation for the umbrella schemes for scheduled castes by 28.4 percent. Mitra, during his recent speech on the Union Budget, had said that where unemployment rate of the country stands at 6.1 percent, the figure in Bengal at 4.6 percent is much lower than the national average. It may be mentioned that the Narendra Modi government often claims that it is carrying out development projects for the people belonging to the scheduled castes category. Many have since raised questions on the implementation of the schemes.last_img read more

Posted by: | Posted on: October 7, 2019

Brock alum hopes to serve up wheelchair tennis gold

Joel Dembe (foreground) heads to the Paralympics in London next month to compete in singles competition and with his tennis partner Philippe Bedardin (right) in wheelchair tennis. Dembe is ranked first in Canada in the sport and 36th in world. Wearing the red and white, 80,000 people screaming at the top of their lungs – Joel Dembe can’t wait for either to happen.As the Paralympic Games in London near, the Brock alumnus will experience both in a few weeks when he takes to the courts to compete against the world’s best in wheelchair tennis.“It’s going to be really exciting,” Dembe said about his first Paralympics. “Your first Paralympics is special. It’s going to be awesome.”Dembe, 28, has spent the past 16 months getting ready for this level of competition.In March 2011, he quit his marketing job in Toronto’s financial district to pick up his racket full-time. At the time, Dembe was the fourth-ranked player in Canada but hadn’t cracked the top 100 in world.By that July, a determined Dembe netted the top player ranking in Canada and worked his way comfortably into the middle of the pack among the top players in world. Today, he is ranked the 36th best wheelchair tennis player in the global pool.As quick as his ascent to the top was, it certainly wasn’t easy. Those early months were marked by self-doubt, particularly when Dembe didn’t get the nod to attend the World Team Cup – the Davis Cup of wheelchair tennis – in South Africa in May 2011.“I was pretty upset at that but it was probably a good thing because it allowed me to focus on my training,” he said.That training includes 15 to 20 hours a week with his coaches. There’s also time with trainers, doing basket and fitness training, cardio, physiotherapy, trips to the chiropractor and “everything that revolves around letting me be the best at my discipline,” Dembe explained.It has been time well spent.In May, he handily worked his way to the World Team Cup in South Korea where he was served up a glimpse of the competition he’ll see in London. He’ll likely face some of the same players at the Paralympics.In the past year, Dembe has competed in 20 events on four continents.“In hindsight, (leaving my job) doesn’t seem like a tough decision now,” he said. “For me to make the decision at the time was definitely something I was thinking about or worried about.”Dembe will take to the court in London starting Sept. 1. Though he’s focused on the competition at hand and improving his world standings, Dembe is also thinking about life after the Games.He said he’d like to focus on working in sports, using his bachelor’s degree in sport management that he received at Brock in 2007.“There were so many opportunities for me to grow at Brock,” Dembe said. “It was definitely one of my best experiences in life. It definitely allowed me to become more independent.”Motivational speaking, medalling at the 2015 Parapan Am Games in Toronto in front of friends and family before possibly competing at the Paralympics in Rio in 2016 are all on his to-do list, too, Dembe said.“There’s always going to be something in tennis for me.” read more

Posted by: | Posted on: October 3, 2019

Regulators should explore boosting minimum down payment on homes CMHC

TORONTO – The head of Canada’s federal housing agency says regulators should explore the possibility of raising the minimum down payment required on a home as a way of easing affordability and reducing risk to the financial system.Evan Siddall, president and CEO of Canada Mortgage and Housing Corp., says that although politicians are tempted to help first-time buyers, low down payments fuel demand and lead to higher housing costs.Siddall says that ends up hurting the first-time buyers that the government wanted to help.Last year, Ottawa raised the minimum down payment on the portion of a home worth over $500,000 to 10 per cent.Siddall said in a speech at the Bank of England’s offices in London that increasing the minimum down payment even further could help offset the effects of rock-bottom interest rates, which have encouraged borrowers to take on excessive mortgage debt.He added that regulators should also explore the possibility of imposing a loan-to-income limit as Ireland, the U.K. and a few others have done.Follow @alexposadzki on Twitter. by The Canadian Press Posted Nov 18, 2016 11:11 am MDT Last Updated Nov 18, 2016 at 12:00 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Regulators should explore boosting minimum down payment on homes: CMHC read more

Posted by: | Posted on: September 25, 2019

Doctors never told man about aneurysm the size of a golf ball

first_imgThe coroner wrote to the Health Secretary because of her concern that the tragedy could be repeated Credit:PA Although the surgeon was aware of the finding, he had not acted, because he intended to do so when the patient attended his clinic five days later, the inquest  heard.But when the appointment came, the pensioner was seen by a junior doctor – who either failed to review the report of the scan, or never saw it, because it had yet to be filed.The finding from the scan was not reported to Mr Higgs’ GP. A man died after doctors found an aneurysm the size of a golf ball – but failed to tell him or take any action for five years, an inquest has heard.A coroner has written to Jeremy Hunt following the death of John Higgs, who was repeatedly seen in hospital, without anything being done about the bulging blood vessel which went on to kill him.Mr Hunt has been warned of “a risk that future deaths will occur unless action is taken” at Barnsley Hospital in South Yorkshire, unless its systems are overhauled.The pensioner collapsed in November 2015 and was taken to the hospital, where he died later that day.A scan revealed a ruptured abdominal aortic aneurysm –  a swelling in the the main blood vessel that leads away from the heart, down through the abdomen to the rest of the body.A ruptured aneurysm can cause massive internal bleeding and is usually fatal.Mr Higgs’ aneurysm measured 6.6cm and was classed as large.It was only after his death that his wife learned he had had a CT scan in March 2011, which had found a 6 cm aneurysm in the same location.Neither Mr Higgs or his GP had been told about this and the consultant in charge of his case had taken no action over it, the inquest found. ward 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. As a result, the pensioner was never referred to specialist vascular surgeons and “did not have the opportunity to consider any further treatment options prior to his sudden collapse” the coroner said.Although Mr Higgins returned to hospital on a number of occasions after the scan, none of the doctors he saw ever saw the scan.In her letter to the Health Secretary, Sarah Slater, assistant coroner for South Yorkshire, told Mr Hunt said the system of communication was not safe.And she warned: “there is a risk that future deaths will occur unless action is taken”.The inquest heard a radiology protocol was in place at the trust for “unexpected cancer pathology” where results were sent to the treating consultant and the multidisciplinary team cancer coordinator for action. However, there is no similar protocol for “non-cancerous but significant and potentially life-threatening findings” such as an aneurysm.Although the trust had since moved to an electronic system, the coroner said significant findings were still only sent to the consultant and no “red flag” was in place to alert other clinicians.Richard Jenkins, interim chief executive at the trust, apologised to the family of Mr Higgs for deficiencies in his care.He said: “The trust had undertaken an investigation into Mr Higgs care prior to the inquest and we are carefully studying the coroner’s findings to ensure that all necessary steps have been taken to prevent a similar situation from arising in future.”last_img read more