COGES LNG Boxship Ready for Order Book

first_imgzoom Partners in the PERFECt joint industry project (JIP) took one step closer to electric-driven 20,000 TEU ships with an LNG-fuelled combined cycle gas and steam turbine (COGES) electric power plant.Namely, the parties involved in the JIP informed that phase II of the project, which examined the potential of developing such ultra large container vessels (ULCV), proved technical and economic feasibility of the project.The results, unveiled at the Nor-Shipping trade fair in Oslo, looked to validate the phase I results and develop the concept to a “ready to order” stage.The goals for the project were to utilize LNG as a primary fuel for an ultra-low emissions profile, in a design with at least the same carrying capacity and efficiency as existing ULCVs, according to the project partners, which include ABB, OMT, GTT, Caterpillar’s Solar Turbines, CMA CGM, its subsidiary CMA Ships, and DNV GL.“The PERFECt project has brought a new set of expert capabilities together and delivered promising results,” Gerd Würsig, Business Director for LNG-fuelled ships at DNV GL – Maritime, said.“The impulse behind this project was the interest in seeing how a modern ultra large container ship design could benefit from clean fuel and highly efficient COGES technology. We have achieved our objectives and now have a validated design concept with enough technical detail to develop a business case,” Würsig added.Image Courtesy: DNV GLThe use of a COGES system, in combination with an all-electric design, offered “exceptional performance with several advantages.” Propelling the ship with electrical motors enabled the power generation and propulsion systems to be placed in separate sections of the ship. And with the COGES system providing power for both propulsion and auxiliary systems, an engine room was not needed any more. Hence, the power plant, together with the integrated LNG tanks, could be moved below the deck house – freeing up considerable space for more container slots.In addition to the improved overall arrangement of the vessel, a tailored hull shape and new propeller design add to the overall efficiency, according to DNV GL. The novel hull form with vertical bow is tailormade to the operational profile of the vessel, and with a high efficiency propeller in combination with a contra-rotating pod, the total propulsive efficiency is increased by around 5 per cent.last_img read more

Its all about heritage for Indian travellers

first_imgWhat do Indian travellers look for while picking a holiday destination? As many as 88 per cent of Indians are more likely to travel to a heritage place, according to a survey. A family travel trend survey, conducted by a travelling company revealed an increase in heritage-led domestic travel, read a statement. Almost 60 per cent of Indians would rather travel domestically to better understand the heritage and culture of India, as compared to approximately half of the respondents who would prefer travelling to Western Europe. Also Read – Pollution makes you more aggressiveIn the last five years, as many as 88 per cent of Indians said they are more likely to travel to a place of ‘heritage’ with approximately half of the respondents stating that they would give up eating dessert for a year in exchange for a fully-funded trip to a place of their heritage. While 89 per cent believe that heritage trips are somewhat more valuable than normal vacations, about 68 per cent strongly agree. When asked about outbound travel to places of cultural significance, 77 per cent of the respondents agreed that they would travel outside the country to immerse themselves in local cuisines; while 74 per cent would travel to better understand the history of a place. Also Read – Physical therapy better for low back painThe survey was conducted using an online survey platform. A sample of 1000 adults (18 years or older) in India was surveyed on May 1. Experts said: “It is no revelation that the new age traveller is searching for more holistic, unique travel experiences. However, what’s interesting is the curiosity to learn about family origins and be more in sync with their heritage. “Travellers are now keen on discovering their country for its rich legacy, and are making a shift to choose culture and exploring their roots over other traditional leisure destinations.”last_img read more

Centre to sign MoU with Bengal govt over largest DPHD coal block

first_imgNew Delhi: In a significant move, the centre is set to sign an official MoU with state counterpart West Bengal state government on Friday over the formal allotment of the world’s second-largest coal block Deocha-Pachami-Harinsingha-Dewanganj, situated in Birbhum district.Trinamool MP and leader of the Lower House of the party Sudip Bandyopadhyay raised a question, of the prolonged issue between the state and centre on Wednesday. Moreover, a delegation of senior Trinamool members also met the coal minister Prahlad Joshi at his office in the Parliament on Tuesday. The minister confirmed the development both during the meeting and his speech on the Floor of the House. Also Read – How a psychopath killer hid behind the mask of a devout laity!The allocation letter of the DPHD coal block was issued to the state government, after a long wait of three years, the incumbent party of West Bengal stated. An approximate requirement of per day in the state is 55 thousand MT, whereas the average supply is 42 thousand MT per day. The project is not only fulfilling the coal demand of the state but other adjacent states also, the former power minister of WB Manish Gupta told media persons. This coal block is the largest in India, covering the area of 12.31 sq km a having a reserve of 2102 million tonnes of coal. Also Read – Encounter under way in Pulwama, militant killedFurther, the Government of India also plans to auction more than 41 new coal blocks “very shortly”, the coal minister mentioned during his reply in Lok Sabha. “In 2018-19, all commodities loading by the Indian Railways was 1,223.29 million tonnes, out of which coal loading was 605.82 MT, which is almost 50 per cent. A committee, comprising coal and power secretaries, and Member (Traffic) of Railway Board reviews coal transportation and supply on a regular basis,” Joshi mentioned.last_img read more

Swaraj was extraordinary woman leader UNGA President

first_imgUnited Nations: UN General Assembly President Maria Fernanda Espinosa has expressed condolences at the demise of India’s former External Affairs Minister Sushma Swaraj, describing her as an “extraordinary” woman and leader who devoted her life to public service. Swaraj passed away at the All India Institute of Medical Sciences (AIIMS) in New Delhi on Tuesday night after suffering a cardiac arrest. The senior BJP leader was 67. Saddened by the news of the passing of @SushmaSwaraj, an extraordinary woman & leader who devoted her life to public service. I had the honour of meeting her in my visits to #India, & will always remember her fondly, Espinosa tweeted. Also Read – India gets first tranche of Swiss bank a/c details She added in her tweet that she sends her deepest condolences to all of her loved ones @IndiaUNNewYork,” tagging India’s Permanent Mission to the UN in her message. Before assuming her role as the President of the 73rd session of the UN General Assembly in September 2018, becoming only the fourth woman to lead the General Assembly in its 73-year history, Espinosa had visited India and met Prime Minister Narendra Modi and Swaraj. In her meeting with Swaraj, the top UN official had discussed revitalisation of the UN, including reform of the Security Council, strengthening global counter terrorism legal framework and other global issues. Also Read – Tourists to be allowed in J&K from Thursday Condolence messages poured from across India and the world at the demise of Swaraj, one of the most charismatic and dignified political leaders. Over the years, Swaraj had visited the UN on multiple occasions, addressing world leaders in Hindi at the annual high-level General Assembly sessions. She had headlined the commemoration of the first International Yoga Day at the UN in June 2015, launching the annual celebration of Yoga at the world body’s headquarters along side then UN Secretary General Ban Ki-moon. India’s Permanent Representative to the UN Ambassador Syed Akbaruddin tweeted a video montage of Swaraj’s powerful speeches at the UN, beginning from her address to the General Debate at the 70th General Assembly session in 2015 till her statement in 2018. “Leaving behind indelible memories. We @IndiaUNNewYork will always cherish memories of her @UN. Farewell Madam @SushmaSwaraj,” Akbaruddin said in an emotional message on Twitter. The Global Organisation of People of Indian Origin (GOPIO) also conveyed its heartfelt condolences on the passing of Swaraj. As minister looking after the Overseas Indian Affairs, GOPIO has had a close working relation and cooperation on many of the NRI and PIO issues as well as on new initiatives from her ministry. The organisation said it has been working with Swaraj since she was the leader of BJP in the Rajya Sabha. In her passing away, we will miss a Statesman as well as a sincere and able political leader, GOPIO Chairman Thomas Abraham and President Sunny Kulathakal said in a statement.last_img read more

Moroccans largest nonEU community in Spain

Madrid – The Moroccans legally living in Spain represent the largest non-EU community in the Iberian country with 770,735 individuals, the Spanish permanent observatory of immigration said.Romanians continue to be the largest foreign community in Spain with 953,183 followed by the Brits 275,817.Catalonia is the first region attracting immigrants with 1,085,523 followed by Madrid 798,187 and Andalusia 676,613. In 2014, 180,000 residents received the Spanish nationality.

Rif Protestors Reject Separatism Claims Morocco Is Our Home Rif Is

Rabat – Thousands of Al Hoceima residents filled the city’s streets Thursday evening to protest the accusations that they are “drifting to separatism.” Rejecting the government’s claims that the protests are funded by foreign sources, they reiterated their demands for social and economic development.The residents of the northern city and its neighboring areas have staged their largest demonstration thus far, coming out to demand fair economic opportunities.In Tamazight and Arabic, they chanted, “Are you a government or a gang?” and waved banners saying, “We are not separatists.” A picture shared widely on Facebook shows a man carrying on his back a banner reading, “Morocco is our country, Rif is our honor, Unity is our strength, Peace is our weapon, Reaching our demands is our goal.”The banner explained that protesters do not want to separate from Morocco. Instead, it says that they “need separation from corruption, tyranny, injustice, humiliation, and marginalization,” read the banner retorting the government claims. “We want to build a country based on the rule of law, and a homeland that includes all its citizens.”A picture shared widely on Facebook shows a man carrying on his back a banner reading, “Morocco is our country, Rif is our honor, Unity is our strength, Peace is our weapon, Reaching our demands is our goal.”“We are not separatists”“After today’s demonstration in Al Hoceima, the truth has been proven,” Saber Tayebioui, a photographer and Al Hoceima native, told Morocco World News. “More than 200 thousands people participated in the demonstration to say that they are not separatists’.”Tayebioui has been documenting the marches since their beginning, when the fishmonger Mouhcine Fikri was crushed to death in a trash compactor after the confiscation of his clandestine merchandise by authorities on October 28, 2016.The photographer, whose photos of the protests have been shared widely on social media, said, “It was indeed a powerful protest against the recent report of the new government that accused the population of Al Hoceima for being separatists.”In contrast to the government’s dismissal of the protests as a foreign-backed separatist movement, he said, “Today, children, women and young people proved their true slogans.”Tayebioui noted that the protest was marked by peaceful, organized marching. Photos circulated online show the protestors joining hands in a circle to shield public property, including police cars, banks, and other public facilities.“As a photographer, I witnessed a very strong sensation thanks to the great organization and security uring throughout the protest,” he continued. “It was indeed a wonderful work I’ve experienced. This peaceful march facilitated the task of my work.” read more

Dambulla residents given 24 hrs

“We have no place to go. We were born, educated and grew up here,” one resident had told the BBC Sinhala service.The resident said that while they were living on land which has been demarcated as sacred land maintained by the historic Dambulla Temple, they will leave if alternative land was given. According to the residents, they had been told that they are living on state land and so will not be compensated. Several residents living within the Dambulla sacred land area have been asked to vacate their homes with 24 hours, the BBC Sandeshiya reported.The residents have told the BBC that the order had come from the Matale District officer. However the residents claim the orders they have received is that if they fail to vacate their homes then the houses will be razed to the ground. (Colombo Gazette) Some 35 families have been ordered to vacate their homes to facilitate development work in the area. read more

Brock research finds children influence parents sport fandom

When it comes to sports team loyalties, families come second according to research from Brock University.Sport Management professors Craig Hyatt and Shannon Kerwin have been analyzing preliminary data from their research project, Understanding the intersection between fandom and parenting, and the indication is that many families are divided when it comes to the teams they support.“It is becoming very common to find family members cheering for different teams,” says Hyatt, an associate professor in sport management.“Traditionally, we think it is parents who influence their children’s fandom preferences, but what we are seeing, far more than we expected, is that children are motivated to pick teams in competition with another family member’s preferred team,” says Hyatt.“We are frequently hearing comments such as, it would be great if my brother’s team lost so I can give him a hard time about it,” or “my dad likes to taunt me about my team,” or “I decided to cheer for that team to annoy my mom.”The information being collected through Hyatt and Kerwin’s research, in collaboration with Professor Larena Hoeber and PhD student Katherine Sveinson in the Faculty of Kinesiology and Health Studies at the University of Regina, suggests that children are also impacting their parents’ fandom choices.“There’s growing evidence that parents are choosing which teams to cheer for based on their children’s preferences. In instances where an individual’s team is eliminated, the parent will then start supporting their child’s team because it means something to them. Cheering for this secondary team provides a parent-child bonding opportunity,” explains Hyatt.When asked to speculate the reasons behind this, Hyatt suggests it may be the combination of two important cultural shifts.“Every generation of parent seems to be more involved in spending leisure time with their children. Parents are expected to be emotionally involved and actively encourage their child’s interests. As a result, we are seeing vast majorities of parents following certain sports and teams they would otherwise have no interest in.”Advances in technology also put a lot of pressure on parents to keep up and stay informed.“With 24-hour access to sport highlights and analysis, there is nothing a fan can do better to get information than go online. In the 1970s, we cheered for local teams because that is what we had access to, but now, it is possible to cheer for any team, anytime, without ever being in the same city.”Hyatt and Kerwin hope to have their analysis complete later this fall with the goal of sharing their findings at the 2017 North America Society for Sport Management conference in Denver.The study is still looking for parents who are fans of professional sport teams and who have children between the ages of 10 and 20. Contact Professor Hyatt (chyatt@brocku.ca) for more information. read more

Electrician bludgeoned to death by brotherinlaw in Golden Grove

The home where the gruesome murder occurredPolice are investigating the gruesome murder of Justin Peterkin, 39, an electrician of Paradise Village, East Bank Demerara (EBD) which occurred about 08:30h on Monday at his father-in-law’s home located at 1323 Section ‘C’ Block ‘Y’ Golden Grove, EBD.Peterkin’s was reportedly bludgeoned to death by his 25-year-old brother-in-law who reportedly beheaded him afterwords.The suspect identified as Anthony King is currently in police custody.According to the Police, their investigations revealed that the deceased and suspect visited the Golden Grove property and soon after the occupants (owner and daughter) left for work, a neighbour saw Peterkin’s being chopped by his in-law, in the yard.The neighbour, Daniel Boutrim related that he was in his yard when he saw King retreating from the house with a hammer in his hand and appeared “nervous”.A few moments later, he heard a sound and upon checking, King was already in the process of killing his sister’s husband.“I hear a knocking and when I peep over now, I see he chopping away on the man head with a kitchen chopper and lashing the knife with the hammer,” Boutrim related.An alarm was raised and the suspect who resides at Princes Street, Wortmanville left the scene but was promptly arrested by the police who were summoned.The body which bore multiple wounds to the neck, head and shoulder, is a the Lyken’s Funeral Home awaiting an autopsy.Investigations are in progress. Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)RelatedPorknocker who partially severed brother-in-law’s neck arraignedNovember 9, 2018In “Court”UPDATE: Grove handyman reportedly stabbed to death in ‘triangular love affair’February 13, 2019In “Crime”Update: Alleged murder, attempted suicide rocks community of Good IntentApril 25, 2018In “Crime” read more

Womens EHF EURO 2014 All Star Team – Bella Gulden is MVP

← Previous Story Europe WCh 2015 Play-Off: Germany against Russia – Croatian “nightmare” strikes again – Sweden! Next Story → EURO 2014: Sweden win bronze! European HAndball Federation announced the All Star team and the MVP of the Women’s EHF EURO 2014 on today’s press conference in Budapest. For the first time in the history, handball fans across the globe had the chance to vote for the nominated players (four per position) together with the handball experts (40% – 60%), while the decision about the Most Valuable Player was only in hands of the experts.Women’s EHF EURO 2014 All Star team:Goalkeeper: Silje Solberg (NOR)Left wing: Maria Fisker (DEN)Left back: Cristina Neagu (ROU)Centre back: Kristina Kristiansen (DEN)Line player: Heidi Loke (NOR)Right back: Nora Mörk (NOR)Right wing: Carmen Martin (ESP)Best Defence Player: Sabina Jacobsen (SWE)Most Valuable Player: Isabelle Gullden (SWE) read more

Investigation under way after workrelated death in Leitrim

first_imgTHE HEALTH AND Safety Authority and gardaí are investigating, following the work-related death of a man in Co Leitrim on Saturday evening.The man – aged in his sixties – was towing a trailer in the Aughnasheelin area when he died.It’s believed he was crushed to death between his vehicle and the trailer.Gardaí confirmed the incident happened at around 6.30pm on Saturday.Read: Concern over use of garda logo in online fraud >last_img

In harms way

first_img Facebook Twitter: @NeosKosmos Instagram In the wake of destructive rioting that spanned four days and spread across London like wildfire, police, locals and onlookers struggle to comprehend the senseless nature of the events. London’s Metropolitan police have described the riots, which began in Hackney then spread to Croydon, Clapham, Camden, Lewisham, Peckham, Newham, East Ham, Enfield, Woolwich, Ealing and Colliers, as “the worst” in its recent history. As gangs of hooded youth across London mobbed the city, leaving only a path of destruction and burning remains in their wake, residents in the leafy residential area of Ealing, in West London, could never have expected their own tranquil neck of the woods would be the next target, Andreiko Kerdemelidis tells.After being awoken by a strange smell at around 12:30 am Monday night (8 August), Kerdemelidis, who has been living in London for four years, looked out his bedroom window to discover plumes of smoke, fire flickering against trees, and cars just fifty metres from his house being set alight by gangs of rioters. “Earlier that morning I’d jokingly said we were safe against the riots here because they’d never come all the way to Ealing,” Kerdemelidis said. However, the sight before him and updates on Twitter quickly confirmed that the riots had spread to yet another unsuspecting area. “They were right next to our house,” Kerdemelidis said, adding, “I went outside to have a look and there were kids torching cars and stealing from cars; there were lots of nasty looking people on bikes mobbing in front of people’s houses”.“As I walked around the block, a hundred people just mobbed around the alley,” Kerdemelidis said. “There were scouts on bikes, and then when I went the other way there was another, even bigger mob; it was looking pretty dangerous,” he added. Groups of hooded young people, ranging from thirteen to around nineteen-years-old, had begun gathering at street corners in Ealing from around 5 pm Monday, Kerdemelidis recalled. “At the time I thought it was a bit strange to see people I didn’t know because it’s not an area where kids hang around on street corners, but it didn’t really register until after the event,” he said. Communicating through mobile phones using BBM (BlackBerry Messaging) the rioters descended on Ealing in packs, smashing shops, including a Tesco supermarket on the main street Ealing Broadway, and torching cars. “They torched a building and smashed up a whole row of cars on Windsor Road,” Kerdemelidis said.“There was one burnt-out car and then a whole lot of other expensive cars with all the windows smashed in,” he added. While police arrived at the scene quickly and stationed CCTV vans in the area, their presence was only seen at Ealing Broadway, and nowhere in the suburbs, Kerdemelidis said. “It didn’t feel safe around midnight. These kids bashed up an old guy really badly when he was just trying to put out a fire in a bin; it was just really thuggish.” The mobs hung around until they heard police sirens and then ran further into the suburbs, on foot and on bikes, where they hid in numbers, Kerdemelidis said. With power in numbers and an instant communication network, the senseless vandalism that has overthrown Britain’s capital, and spread to other areas of the country, including Birmingham, Nottingham, Bristol and Liverpool, is unable to be stopped by police, Kerdemelidis said. “It might be over now but all they need to do is BBM if they want it to not be over; police can’t stop people standing on street corners,” he said. The distinguishing feature of these rioters – that has left both locals and international spectators stunned – is their total disregard for innocent bystanders. “In Greek riots it’s not unsafe for normal people,” Kerdemelidis pointed out. “But this is just young punks and thugs smashing up property and anyone who gets in their way.” While the area of Ealing was cleaned up quickly in the following days Kerdemelidis said the suburb suffered significant destruction. “It’s amazing what they did in just a few hours.”last_img read more

Asteroid Impacts Increased Around Time of Largest Extinction Event

first_imgStay on target Scientists Uncover New Evidence of Asteroid That Killed DinosaursWashington Monument-Sized Asteroid Will Fly By Earth on Aug. 28 Dinosaurs never stood a chance once asteroid impacts more than doubled some 290 million years ago.By studying the Moon, an international team of scientists revealed that the number of asteroids crashing into Earth and its satellite increased by two to three times toward the end of the Paleozoic era.Contrary to popular belief, most of the planet’s more primitive asteroid-produced craters were not erased by erosion and other geologic processes.“The relative rarity of large craters on Earth older than 290 million years and younger than 650 million years is not because we lost the craters, but because the impact rate during that time was lower than it is now,” according to co-author Rebecca Ghent, an associate professor at the University of Toronto.“We expect this to be of interest to anyone interested in the impact history of both Earth and the Moon,” she said, “and the role that it might have played in the history of life on Earth.”For decades, researchers have used radiometric dating of rocks around craters to determine their ages. But due to the (now debunked) theory of erosion, it was difficult to identify accurate rates and changes.So they turned to the next best thing: the Moon, which is struck by asteroids in the same proportions over time as Earth. And thanks to NASA’s Lunar Reconnaissance Orbiter (LRO), analysts have a decade’s worth of data to inspect.“The LRO’s instruments have allowed scientists to peer back in time at the forces that shaped the Moon,” Noah Petro, an LRO project scientist at the Goddard Space Flight Center, said in a statement.Using LRO’s Diviner instrument—which measures heat radiating from the Moon’s surface—the team assembled the ages of all lunar craters younger than 1 billion years.When compared with a timeline from Earth, they found the two orbs recorded the same history of asteroid bombardment.“It became clear that the reason why Earth has fewer older craters on its most stable regions is because the impact rate was lower up until about 290 million years ago,” paper co-author William Bottke, an asteroid expert at the Southwest Research Institute in Boulder, Colo., explained. “The answer to Earth’s impact rate was staring everyone in the face.”Scientists, however, still don’t understand why the impact rate rose so sharply. They think it might be related to large collisions in the main asteroid belt between Mars and Jupiter, which may have created debris in the inner Solar System.“The findings may also have implications for the history of life on Earth, which is punctuated by extinction events and rapid evolution of new species,” Ghent said. “The question is whether the predicted change in asteroid impacts can be directly linked to events that occurred long ago on Earth.”The study was published last week in the journal Science.More on Geek.com:NASA’s OSIRIS-REx Spacecraft Breaks Space Exploration RecordJapan’s Hopping Rovers Successfully Land on Asteroid RyuguAncient Meteorites Shed Light on Early Solar Systemlast_img read more

Mike Tyson Is Still Pissed Over Nintendos PunchOut

first_img ‘Super Smash Bros. Ultimate’ Was Final Mission From Late Nintendo President‘Ring Fit Adventure’ Is a Nintendo Switch Exercise RPG mr dream? everyone tell @NintendoAmerica who they think of when they hear punch out pic.twitter.com/2j51PLt0Em— Mike Tyson (@MikeTyson) April 4, 2019Tyson’s original (and to be fair pretty low-paying all things considered) licensing contract with Nintendo for the 1987 Punch-Out!! expired after three years. After that his likeness was removed and the Mr. Dream version was created instead in 1990. Since then, that’s the version that’s also appeared in re-releases like the Wii Virtual Console.Tyson didn’t reappear in any future Punch-Out!! games but his moveset and barely legal recreations of his mannerisms were given to Mr. Sandman in the 2009 Wii remake. But as nostalgic as it might be for an official return of Mike Tyson’s Punch-Out!!, we always figured that family friendly Nintendo didn’t want to be associated with the boxer’s long history of unsavory legal issues following the release of the original game.Some people think Mike Tyson accidentally revealed the existence of a new Punch-Out!! with these tweets. As cool as that would be though we’re pretty sure he’s just talking about this Switch re-release. And for more on Nintendo Switch here’s everything you need to know about the console as well as cool Switch games to play right now. Nintendo recently added some new games to its NES library for Nintendo Switch Online, the service you better not think about calling a Virtual Console. The additions were vertical shoot ‘em up Star Soldier, the notoriously difficulty Super Mario Bros.: The Lost Levels, and colorful boxing game Punch-Out!! Featuring Mr. Dream. These are all great games, but that last one in particular is rubbing some famous people the wrong way.If you remember correctly Punch-Out!! on the NES didn’t originally feature Mr. Dream, some random made-up super strong white boxer. It featured actual heavyweight champion of the world Mike Tyson winking and demolishing you and Little Mac in seconds with his crushing blows. And apparently the real Tyson is still holding a grudge about this replacement.Check out what he had to say on Twitter about it.mr dream? everyone tell @NintendoAmerica who they think of when they hear punch out pic.twitter.com/2j51PLt0Em— Mike Tyson (@MikeTyson) April 4, 2019center_img Stay on targetlast_img read more


20162017 Budget Passed in wee hours

first_img Related Items:national budget, passed Immigration Bill passes through House Facebook Twitter Google+LinkedInPinterestWhatsApp Recommended for you Landmark Food & Drug Bill passes in House of Assembly Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, 23 Mar 2016 – The 2016/2017 National Budget is now passed in the House of assembly; and is called historic because not only did some members of the Opposition Party not make contributions to the important debate but at least two government ministers also failed to give a report. The Budget was passed 3am Tuesday morning and is put at $256 million; up from $224 million passed last fiscal year. House of Assembly Members meet til past midnight; Turks and Caicos Islander Bill passedlast_img read more


ICJ verdict a total vindication of Indias stand MEA

first_imgNEW DELHI: India on Thursday said the verdict of the International Court of Justice (ICJ) in the Kulbhushan Jadhav case is a complete vindication of its stand and it is incumbent on Pakistan to implement the ruling. In a major victory for India, the ICJ on Wednesday ruled that Pakistan must review the death sentence awarded to Jadhav and asked it to provide consular access to him. Also Read – CBI carrying out surprise checks at 150 government departments Advertise With Us The ICJ judgement is a complete vindication of India’s position on the matter, Ministry of External Affairs Spokesperson Raveesh Kumar said. It is incumbent on Pakistan to implement the ICJ verdict, he said. Kumar said the ICJ judgement is final, binding and without the provision of appeal. On Pakistan’s claim of victory at ICJ, he said Pakistan has its own compulsions to lie to its people. Jadhav, 49, a retired Indian Navy officer, was sentenced to death by a Pakistani military court on charges of “espionage and terrorism” after a closed trial in April 2017. India had approached the ICJ against the military court’s decision in May 2017 and the world court stayed his execution then. The ICJ, by a vote of 15-1, upheld India’s claim that Pakistan is in egregious violation of the Vienna Convention on Consular Relations, 1963 on several counts in the case.last_img read more


Rally for water problem held in Domakonda

first_imgKamareddy: The residents of Rajiv Nagar in Domakonda town, Kamareddy district, took out a protest rally at the mandal headquarters on Tuesday, demanding addressing of drinking water problem. They staged a sit-in protest for about two hours on the road and demanded that the Sarpanch should come to the spot and answer them.last_img

Employees evacuated from Amazon warehouse due to hazardous material scare

first_img Dozens of Amazon employees were evacuated from a Phoenix warehouse 19 August due to concerns about hazardous materials. Bomb and fire crews were dispatched to the facility after an employee noticed a suspicious bulge on the side of a 55-gallon drum container with pressurised butane gas inside of it.Clearly something went wrong with one of those small containers, Captain Mark Vanacore of the Phoenix Police Department said.Fearing an explosion inside the facility, authorities evacuated the building and deployed a small robot to the scene.We were able to get the robot inside the building with a drill equipped on it. Once we were able to do that, we were able to get the 55-gallon drum, actually drill a small hole and alleviate some of the pressure that had built up in that drum, Vanacore said.Once the barrel was depressurized, firefighters moved in to remove the barrel from the premises. It isnt clear at this point what caused the butane container to bulge or what it was being used for.The evacuation at the Phoenix facility comes as founder Jeff Bezos faces criticism over what some employees have described as a relentless and hostile work climate within the organisation. Closelast_img read more

Budget 2017 List of important terms you need to know to follow

first_imgRepresentational image for tax planning.PixabayThe Budget of 2017-18 will be presented on Wednesday (February 1) by Union Finance Minister Arun Jaitley. This budget will be important for a number of reasons, especially in the wake of the controversial decision of demonetisation on November 8 last year.A budget includes various terms and concepts that the layman might find difficult to understand. Here, we list some important terms related to budget and explain their meanings:Also Read: All about Budget 2017Budget: Just like every individual or household needs to have a budget about his earnings and expenditure, the government also has to have the same. Under a budget (from the French word ‘bougette’ means a little bag), the government states how much money it has earned from the taxes and how much has it spent in the previous year. Article 112 of the Indian Constitution makes it a must for the central government to introduce a statement of estimated receipts (income) and expenditure in Parliament. This is done annually. Traditionally, it has been presented on the last working day of February, but this year, it has been brought ahead to February 1.Who draws up the Budget? The Ministry of Finance has a Budget division, which has the responsibility for the Budget. All government ministries send their proposals and requirements for funds to this division, which then draws up the allocations. They need to be first approved by the finance minister and then the prime minister.Other terms related to Budget:Consolidated Fund: All the money raised by the government in whatever form is placed in this fund. It could be in the form of taxes, loans sanctioned or those given by the government and have been repaid now. All expenses of the government are met with the consolidated fund.Contingency Fund: The money in this fund is only used for managing disasters and crises.Public Account: The money raised from various government schemes are kept here. The schemes could be small-savings or provident funds.Revenue Spending: The government has to distinguish how much it spends on itself and how much on creating economic assets. Revenue spending takes place from the Revenue Budget. Salaries of government employees, military personnel, ministers’ perks, subsidies, interest on home loans, pensions for former defence officials are accounted for in the revenue budget or spending. These are all financed from the revenue the government earns – in the form of taxes, duties, etc.Capital Spending: This refers to the money spent on creating assets like infrastructure in the form of constructing roads, highways, buying machinery, equipment, etc. The spending is financed from the capital receipts, i.e., the money the government gets from loans from the market, banks or international organisations.Non-Plan Expenditure: This consists of the defence expenditure, interest payments, grants to states and subsidies. It can be divided into capital and revenue spending.Plan Expenditure: It consists of pension, salaries and subsidies and consists mainly of revenue spending.Corporate tax: Tax on companies’ profits. It was introduced by late prime minister Rajiv Gandhi in the budget of 1987.Other taxes on income: They include income-tax paid by non-corporate entities, individuals, etc.Fringe benefit tax: The taxation of privileges that are provided by the employer to his employees besides the regular salary is called the fringe benefit tax or FBT. It was introduced in the budget of 2005-06 after the government felt that many firms were disguising privileges like club facilities as ordinary expenses and avoiding paying taxes.Customs: Taxes that are imposed on imports to protect the domestic industry against foreign competitors.Union Excise Duty: This is the duty imposed on goods made in India.Service tax: It is a tax, which is rendered on services.Direct tax: This mainly includes taxes on income or wealth. Income tax is an example of direct tax.Indirect tax: This tax is not levied directly from the person who pays tax but on expenditure. Excise, service taxes are some examples.last_img read more