Tourist Company of Nigeria Plc ( Q12019 Interim Report

first_imgTourist Company of Nigeria Plc ( listed on the Nigerian Stock Exchange under the Tourism sector has released it’s 2019 interim results for the first quarter.For more information about Tourist Company of Nigeria Plc ( reports, abridged reports, interim earnings results and earnings presentations, visit the Tourist Company of Nigeria Plc ( company page on AfricanFinancials.Document: Tourist Company of Nigeria Plc (  2019 interim results for the first quarter.Company ProfileThe Tourist Company of Nigeria Plc is a gaming and hospitality company in Nigeria which owns and operates Federal Palace Hotel and Casino in Victoria Island, Lagos. The company also operates a casino, banqueting facility and a pool club in the city. Its head office is in Lagos, Nigeria. The Tourist Company of Nigeria Plc is listed on the Nigerian Stock Exchangelast_img read more

UK shares: I’m thinking like Warren Buffett to play the new bull market

first_img Investors aren’t exactly champing at the bit to load up on UK shares, broadly speaking. The FTSE 100 has been on a gentle upward slope in recent months, but making significant gains has proved heavy weather. The emergence of Covid-19 variants in parts of the world, and growing fears over rampant inflation in particular, are putting a lid on market enthusiasm.Could all that be about to change though? Economic data so far in 2021 has, on the whole, been quite impressive. And this is prompting economic experts to steadily increase their growth estimates. I wouldn’t be surprised to see a new bull market for UK shares kick off before too long.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Growth forecasts riseThe World Bank was the latest body to ramp up its GDP estimates this week. It now expects the global economy to expand 5.4% in 2021, up sharply from the 4.1% rise it had forecasted at the beginning of the year.This would represent the fastest rate of growth for 80 years, the World Bank said. The body improved its estimates because of rapid vaccination rollouts in certain regions.However, the dial hasn’t changed much for many UK shares following the World Bank’s update. The organisation said that the recovery is likely to be “uneven” as emerging market countries lag the rebound that major economies, such as the US and China, will likely enjoy.Thinking like Warren Buffett and buying UK sharesThe fight against Covid-19 is far from won and there could be more twists and turns for the global economy. But that hasn’t stopped me from buying UK shares for the new bull market. In fact, I started buying just after the 2020 stock market crash in anticipation of the eventual recovery.This enabled me to pick up some top-quality stocks at rock-bottom prices. The sort of stocks with strong balance sheets and/or recession (or pandemic) proof operations. Those that’ll have the strength to survive a prolonged downturn in the global economy. And those which will likely soar in value as economic conditions pick up, profits improve and market confidence comes flooding back.My investing strategy involves buying stocks with a view to holding them for the long term, say a decade or more. This means I won’t be tearing my hair out if we have to wait a little longer for a strong economic recovery to take hold. I’m convinced that GDP growth will spike and that I’ll be positioned well to profit following my recent UK share buys.As investment guru Warren Buffett famously commented: “In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.”This should provide stock investors like me with a lot to be excited about. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Simply click below to discover how you can take advantage of this. Royston Wild | Saturday, 12th June, 2021 UK shares: I’m thinking like Warren Buffett to play the new bull market Enter Your Email Address Are you on the lookout for UK growth stocks?If so, get this FREE no-strings report now.While it’s available: you’ll discover what we think is a top growth stock for the decade ahead.And the performance of this company really is stunning.In 2019, it returned £150million to shareholders through buybacks and dividends.We believe its financial position is about as solid as anything we’ve seen.Since 2016, annual revenues increased 31%In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259Operating cash flow is up 47%. (Even its operating margins are rising every year!)Quite simply, we believe it’s a fantastic Foolish growth pick.What’s more, it deserves your attention today.So please don’t wait another moment.center_img Image source: Getty Images Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. FREE REPORT: Why this £5 stock could be set to surge Our 6 ‘Best Buys Now’ Shares Get the full details on this £5 stock now – while your report is free. See all posts by Royston Wildlast_img read more

Review: Nadine’s Oh My is a homage to art-pop

first_imgTAGSmusic review ReddIt Welcome TCU Class of 2025 Facebook Oh My album cover (courtesy of father/daughter records) ReddIt Twitter Bernice Ogbondah World Oceans Day shines spotlight on marine plastic pollution Review: Fortress Fest was a success Twitter Linkedin printNadine’s full-length debut album, “Oh My,” is filled with minimalistic lyrics and soft, hazy sounds. The band, Nadine, consists of lead singer Nadia Hulett, Julian Fader and Carlos Hernandez (Ava Luna). The album emphasizes Hulett’s voice and free-spirited lyrics.Oh My album cover (courtesy of father/daughter records)Hulett’s unique songwriting is transformed into a playful form of pop poetry. “Oh My” shows the band’s willingness to delve into art-pop inspired and funky indie rock. The trio takes on a harmonic, chaotic rhythm throughout the album, setting the album’s tone from the first song, “Nook.”“Pew” was used to showcase Nadine’s distinct sound– a sound reminiscent of the boppy drum cadence featured in the Peter Bjorn and John song “Young Folks,” that’s so popular it’s in a Google commercial.Track eight, “Contigo,” is a clear album break, but after that, the album just kind of falls flat.Although it’s clear Nadine purposefully used very simple sounds and lyrics to elevate Hulett’s voice, it doesn’t do well for those who are first-time listeners trying to understand the band’s identity.At various points in the album, it sounds like Hernandez and Fader are on a completely different planet from Hulett. Nadine is comprised of members from two bands with different sounds, this could explain why Oh My doesn’t sound as unanimous or cohesive. Hulett, who is a member of Phantom Posse introduced some of the sleepy sounds heard in Phantom Posse’s album Be There to the collaborative project and Hernandez, and Fader brought Ava Luna’s signature up beat indie art funk. The trio also recorded the album in a couple different locations, which also may have influenced the albums sound. When recording the album in New York Hulett moved to Austin, Tx and the band recorded tracks for the album at Dripping Springs studio. All of this can be attributed to the albums unique and almost disorderly sound. Which is especially prevalent in “Little Self in the Garden.” Bernice Ogbondah Bernice Ogbondah is a junior journalism major from Fort Worth, Texas. When she’s not reporting you can find her curating playlists or furiously retweeting foreign affairs, political pundits and anything social justice. “Oh My” also has a lot of empty spaces, which the band tries to fill with spontaneous bursts of noise. This can be credited to Hernandez and Faders background in Art pop where random instrumental blasts are common.Verdict: 6/10Overall, for a debut album, Nadine did a decent job. There are very obvious bouts of creativity, but overall the album feels empty. If you want a minimalistic art-pop album to inspire and refresh, “Oh My” is right up your alley. Although the album was slightly underwhelming, it was still good. I give the debut a solid six points out of ten. Listen: Ball Don’t Lie: Clutch Factor + posts Bernice Ogbondah Second annual Fortress Fest comes to the Fort this weekend Bernice Ogbondah Facebook Bernice Ogbondah Previous articleTunnel of Oppression shows students scenes of sufferingNext articleNew sensation: Students play HQ Trivia Bernice Ogbondah RELATED ARTICLESMORE FROM AUTHOR Listen: Ball Don’t Lie: The Closer TCU places second in the National Student Advertising Competition, the highest in school history Linkedinlast_img read more

Voyager Announces Entry into Restructuring Support Agreement with Support of Equityholders and Unsecured Noteholders

first_img Facebook WhatsApp By Digital AIM Web Support – February 19, 2021 STAMFORD, Conn.–(BUSINESS WIRE)–Feb 19, 2021– Voyager Aviation Holdings, LLC (“ Voyager ” or the “ Company ”), a leading global aviation investment firm, announced today that it has entered into a restructuring support agreement (the “ Restructuring Support Agreement ”) documenting its previously announced agreement in principle with beneficial owners of approximately 60% of the Company’s 8.500% Senior Notes due 2021 (the “ Existing Unsecured Notes ” and, such beneficial owners, the “ Consenting Noteholders ”) and holders of 100% of the Company’s equity (the “ Existing Equityholders ” and, together with the Consenting Noteholders, the “ Consenting Stakeholders ”), formalizing the terms for a debt restructuring transaction (the “ Restructuring ”) that will strengthen the Company’s overall financial position and enable the Company to focus on growth. Voyager does not anticipate any change in its day-to-day operations or the services it provides to its customers throughout this process. “We are pleased with the continued collaboration with our consenting noteholders and equityholders and the execution of this agreement. Their support will help position Voyager for future success and we look forward to engaging with more of our financial stakeholders as we commence the exchange,” said Voyager’s President & Chief Executive Officer, Mike Lungariello. “We are confident that this proposed transaction, along with our new, established owners, sets up our business well for long-term financial stability as the industry recovers from COVID-19 and better positions us to capitalize on future growth opportunities.” Voyager has a diverse, global customer base consisting of prominent passenger and cargo airlines that include Air France, AirBridgeCargo, Cebu Pacific, Sichuan Airlines, Turkish Airlines, and Alitalia. As of September 30, 2020, the Company’s fleet had a weighted average remaining lease term of 6.6 years and there were no scheduled lease maturities until 2022. These existing airline partnerships and lease terms, modern fleet, and the execution of this transaction represent a strong financial base for Voyager as it looks towards future growth opportunities. Transaction Details: Voyager and the Consenting Stakeholders have agreed to support the Restructuring through an out-of-court exchange offer (the “ Exchange Offer ”), which is expected to launch and close during the first quarter of 2021, or, to the extent the Exchange Offer is not completed, through (i) an Irish scheme of arrangement (the “ Scheme ”) or, if desired, (ii) a prepackaged plan of reorganization (the “ Plan ” and, together with the Plan, the “ In-Court Restructuring ”), in each case subject to the terms and conditions set forth in the Restructuring Support Agreement. Under the Restructuring Support Agreement, the terms that the Company expects to offer to the holders of the Existing Unsecured Notes in the Exchange Offer and the In-Court Restructuring would be, in exchange for 100% of the outstanding Existing Unsecured Notes, including all accrued and unpaid interest thereon:100% of the pro forma common equity of the Company (“ New Equity ”), which will be subject to dilution by a post-restructuring management incentive plan;up to $150.0 million principal amount of new 8.500% Senior Secured Notes due 2026 to be issued by the Company (“ New Notes ”); andup to $200.0 million liquidation preference of preferred equity of an intermediate holding company subsidiary of the Company (the “ Preferred Units ” and, together with the New Equity and the New Notes, the “ New Securities ”). In addition, in connection with the Restructuring, the Existing Equityholders would receive a pro rata share of an additional $15.0 million in aggregate principal amount of New Notes to be issued by the Company on the date of the completion of the Restructuring. The Restructuring Support Agreement contemplates various conditions to the Exchange Offer, including, among other things, the negotiation of definitive documentation governing the New Securities and a minimum tender condition of at least 95% of the aggregate principal amount of the Existing Unsecured Notes in the Exchange Offer. To the extent the Exchange Offer is not successful, the Company is required under the terms of the Restructuring Support Agreement to seek approval from its board of managers to implement the In-Court Restructuring and, to the extent such approval is received, take all steps reasonably necessary to effectuate the In-Court Restructuring, which the Consenting Stakeholders have agreed to support subject to the terms and conditions of the Restructuring Support Agreement. Voyager is advised in this process by Milbank LLP, Moelis & Company LLC and FTI Consulting. The Consenting Noteholders under the Restructuring Support Agreement are advised by Clifford Chance US LLP. About Voyager: Voyager Aviation Holdings, LLC is a privately held aviation investment firm and leading commercial aircraft leasing company based in Ireland. Its assets of approximately $2 billion consist of primarily young and modern, wide and narrow-body aircraft. Disclaimer: The Restructuring remains subject to the finalization of, and entry into, definitive documentation between the Company and its stakeholders regarding the terms of the Restructuring. There can be no assurance that the Company and its stakeholders will reach final agreements regarding the terms of the Restructuring as described in this report, or at all. Any description of any terms of any transaction is for informational purposes only and does not constitute, either alone or together with any other materials, an offer or sale of securities in any jurisdiction. Any discussion of any terms of any potential transaction is only a summary of certain potential provisions thereof and is subject in its entirety to definitive documentation relating thereto. This report shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of any securities, in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any securities proposed to be offered in the Restructuring have not been and will not be registered under the Securities Act of 1933, as amended (the “ Securities Act ”), or any state securities laws, and may not be offered or sold in the United States or to U.S. persons except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. Forward-Looking Statements: Please note that any statements made in this report that relate to expectations, plans or objectives regarding future actions by the Company or any other parties are forward-looking statements and involve uncertainties that could cause actual performance or results to be materially different. Forward-looking statements are not guarantees of performance, and undue reliance should not be placed on these statements. The Company makes no representations or warranties as to the accuracy, completeness or updated status of any such forward looking statements. Therefore, in no case whatsoever shall the Company, its subsidiaries or its affiliates be liable to anyone for any decision made or action taken in conjunction with the information and/or statements herein or for any related damages. These forward-looking statements may include, among other things, statements related to the commencement of the Exchange Offer, any actions to be taken by any of the Consenting Stakeholders with respect to he Restructuring, or the implementation or completion of the Restructuring as described in this report.The forward-looking statements contained in this report speak only as of the date of this report, and the Company does not assume any obligation to publicly update or revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws. Without limiting the generality of the foregoing, any potential defaults, events of default, conditions that may give rise to the foregoing or other breaches under the agreements governing the Company’s or its subsidiaries’ indebtedness as described in this release may or may not occur, and the Company expressly retains all of its rights and privileges under such agreements, and nothing herein will be deemed to be a notice or admission (implicit or explicit) that a default, event of default, any condition that may give rise to the foregoing or other breach of such agreements shall have occurred or be continuing as of the date hereof or may occur at any time in the future. View source version on CONTACT: Investors:Christian Ginez [email protected]:Susan Donofrio / Rachel Chesley [email protected] KEYWORD: CONNECTICUT UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES AIR TRANSPORT SOURCE: Voyager Aviation Holdings, LLC Copyright Business Wire 2021. PUB: 02/19/2021 03:44 PM/DISC: 02/19/2021 03:44 PM Facebook Pinterest Twitter WhatsAppcenter_img Local NewsBusiness Previous articleEverbridge annuncia di essersi aggiudicata cinque contratti relativi alle soluzioni Public Warning con società di trasmissioni wireless, governi e Stati finalizzati alla protezione delle persone e delle aziende in Europa e in AsiaNext articleWilliams career-high 32 sparks WSU to romp over Cal 82-51 Digital AIM Web Support Voyager Announces Entry into Restructuring Support Agreement with Support of Equityholders and Unsecured Noteholders TAGS  Pinterest Twitterlast_img read more

PERRYMAN: Economic forecast for Texas’ small and mid-sized metropolitan areas

first_img Pinterest PERRYMAN: Economic forecast for Texas’ small and mid-sized metropolitan areas Pinterest By Digital AIM Web Support – February 24, 2021 Twitter Facebook WhatsApp Ray Perryman is the head of The Perryman Group and serves as a distinguished professor at the International Institute for Advanced Studies. Communities across Texas are contributing to economic growth. Although the state’s largest metropolitan statistical areas (MSAs) are where the lion’s share of economic activity occurs, most of the smaller population centers are also performing well. For example, the Midland, Amarillo, Lubbock, and Odessa MSAs have been ranking among the lowest unemployment rates in the state. My latest forecast calls for notable growth in each of these important regional centers of business activity.For comparison, we are projecting overall Texas employment growth at a 2.02% annual rate through 2023. The seven largest metropolitan areas (Austin-Round Rock, Dallas-Plano-Irving, Fort Worth-Arlington, El Paso, Houston-The Woodlands-Sugar Land, McAllen-Edinburg-Mission, and San Antonio-New Braunfels) are expected to gain almost 1.1 million net new jobs through the next five years. That’s about 79% of the total. Five of the seven are likely to exceed the statewide pace, though Fort Worth-Arlington and El Paso lag the state rate slightly.Even so, small and mid-sized metropolitan areas are important centers for the energy sector, higher education, health care, agriculture, and a variety of other industries. The state’s 19 other MSAs are likely to account for almost 15% of total job gains in Texas through 2023, with the remaining 6% or so added in rural areas.The Midland and Odessa MSAs are projected to experience particularly strong employment growth rates during the next five years, primarily as a result of the globally significant increases in oil and gas production and the corresponding effects on many channels of business activity. The Tyler (2.08%) and Brownsville-Harlingen (2.07%) MSAs are also expected to see job growth which outpaces the state.Other MSAs are likely to see economic expansion through the forecast horizon ranging from 1.70% to 1.96% per annum. Near the upper end of the range are Laredo (1.96%), Sherman-Denison (1.92%), and Lubbock (1.90%). More moderate employment gains are projected in Corpus Christi (1.88%), College Station-Bryan (1.86%), Abilene (1.84%), Texarkana (1.82%), Waco (1.82%), Amarillo (1.80%), Longview (1.80%), and Victoria (1.80%). Expected rates of employment growth in San Angelo (1.76%), Wichita Falls (1.74%), Killeen-Temple (1.71%), and Beaumont-Port Arthur (1.70%) metropolitan areas are slightly lower.Even in the smallest of the MSAs, thousands of jobs are likely to be added over the next few years. In some areas, such as the Permian Basin, employment growth is occurring at rates that are among the most rapid in the country. Over time, Texas will continue to see economic activity concentrated in the largest cities. However, there are also opportunities for those who live (or wish to live) in places with a slower pace, less traffic, and a wealth of other amenities available in our diverse state.center_img TAGS  Local News Facebook Twitter WhatsApp Previous articleDay in the Park with DadNext articleInvite the Outdoors In Digital AIM Web Supportlast_img read more

Fannie Mae CAS Deals Receive NAIC Designations

first_img Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Tagged with: CAS Fannie Mae Fannie Mae CAS Deals Receive NAIC Designations January 8, 2020 2,712 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles in Daily Dose, Featured, News, Secondary Market About Author: Seth Welborn  Print This Postcenter_img Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Fannie Mae CAS Deals Receive NAIC Designations CAS Fannie Mae 2020-01-08 Seth Welborn Fannie Mae has announced that all Connecticut Avenue Securities (CAS) deals issued as direct debt have received designations for the 2019 filing year from the National Association of Insurance Commissioners (NAIC). Four M-2 bonds were upgraded to an NAIC 1 designation and two M-2 bonds were upgraded to an NAIC 2 designation.The CAS bonds which received upgraded NAIC Designations in the 2019 filing year are listed here. CAS REMIC transactions are issued out of a bankruptcy remote trust, rather than as direct debt of Fannie Mae.Fannie Mae issued the first REMIC structure for Connecticut Avenue Securities in November 2018. Renee Schultz, SVP of Capital Markets at Fannie Mae, stated that it “was an important transaction for a number of different reasons.””One, for us, it helped align the accounting treatment, the recognition of the loss and the benefit. Also, it opened up the investor base. “Fannie Mae announced in November 2019 that it has priced a $998 million Connecticut Avenue Securities note offering. The offering, CAS Series 2019-R07, is designed to share credit risk on its single-family conventional guaranty book of business.”“We are pleased to successfully bring our seventh CAS REMIC transaction to market this year,” said Laurel Davis, VP of Credit Risk Transfer, Fannie Mae. “Subject to market conditions, we plan to return to market in late November with a new series of CAS notes referencing loans originated under Fannie Mae’s Refi Plus and HARP initiative, as part of ongoing capital management efforts. This will be our final transaction of the year.”The reference pool for CAS Series 2019-R07 consists of approximately 102,000 single-family mortgage loans with an outstanding UPB of approximately $26.6 billion. The majority of these loans were acquired from April through June 2019, and are fixed-rate, generally 30-year term, fully amortizing mortgages.Potential buyers can register for ongoing announcements or training, and find more information on Fannie Mae’s sales of Community Impact Pools of non-performing loans and on the Federal Housing Finance Agency’s guidelines for these sales, on the company’s Whole Loans Sales’ page. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Presidential Candidate Elizabeth Warren Proposes Bankruptcy Plan Next: The Trouble With the QM Patch The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Subscribelast_img read more

Council outlines timetable for Milford works

first_img Previous articleMandatory life terms handed to Liam Devlin’s killersNext articleFarmers should withdraw cattle from processors News Highland Pinterest RELATED ARTICLESMORE FROM AUTHOR Dail hears questions over design, funding and operation of Mica redress scheme Twitter Google+ HSE warns of ‘widespread cancellations’ of appointments next week Google+ Donegal County Council has confirmed that a contractor has been appointed to carry out improvement works in Milford, with the works set to be finished by mid-summer. A new road will be built parallel to the Main Street, allowing for the development of a one way system. The commitment was given today during a meeting with a number of local business people.One of them, Pharmacist Mark Mc Cormick, says while the works may cause some short term inconvenience, they will reap important benefits in the long term.He says the work will begin in mid-February, with completion by mid-july. PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal By News Highland – December 18, 2009 Newscenter_img WhatsApp Pinterest Dail to vote later on extending emergency Covid powers Facebook Man arrested in Derry on suspicion of drugs and criminal property offences released Twitter WhatsApp Council outlines timetable for Milford works Facebook Man arrested on suspicion of drugs and criminal property offences in Derrylast_img read more

Supreme Court Appoints Senior Advocates Jaideep Gupta & Meenakshi Arora As Amici Curiae In Suo Moto COVID Case

first_imgTop StoriesSupreme Court Appoints Senior Advocates Jaideep Gupta & Meenakshi Arora As Amici Curiae In Suo Moto COVID Case LIVELAW NEWS NETWORK27 April 2021 1:26 AMShare This – xThe Supreme Court on Tuesday appointed Senior Advocates Jaideep Gupta and Meenakshi Arora as amici curiae in the suo moto case taken by it to deal with COVID-19 related issues.A bench comprising Justices DY Chandrachud, L Nageswara Rao and S Ravindra Bhat passed this order in the suo moto case In Re Essential Distribution Of Supplies and Services During Pandemic.This development follows the recusal of Senior Advocate Harish Salve as an amicus in the case on the last hearing date, April 23.Salve had requested the bench on April 23 to be discharged from the case saying that he did not want the case to be heard under a shadow that he was made the amicus based on his childhood friendship with the then CJI SA Bobde.Following that, the bench, then headed by CJI Bobde, discharged Salve from the case.Today, the bench headed by Justice Chandrachud, which considered the matter, also clarified that the purpose of the Supreme Court proceedings was not to stop the High Courts from dealing with COVID-19 related issues in their respective jurisdictions.”The object of these proceedings are not to supplant the High Courts or to take over from High Courts what they are doing. High Courts are in a better position to monitor what is going on within their territorial boundaries.” Justice Chandrachud-led bench clarified.
”During national crisis, Supreme Court cannot be a mute spectator. The role of the Supreme Court is complimentary in nature. The issues which travails state boundaries is what this court will look into and thus Article 32 jurisdiction has been assumed”, said the CourtThe Supreme Court has clarified that the purpose of the top Court court assuming jurisdiction suo moto under Article 32 is not to supplant or substitute the process of hearings undertaken by various High Courts to deal with issues related to pandemic.
”High Courts are best situated to make an assessment of ground realities in each states and find flexible solutions for the problems faced by citizens.Therefore, we see no reason or justification to interdict the High Courts.” the Bench has said.
Having said that, the Bench further observed that there is still a need for Supreme Court to intervene on certain national issues, as there might be issues relating to coordination between states.
The Bench added that the intervention of the Supreme Court must be understood in the correct perspective. There are some issues which transcend the regional boundaries.
”At a time of national crisis, the Supreme Court cannot be a mute spectator” the bench observed.
The Bench clarified that the Supreme Court is playing a complementary role to the High Courts, and if they have any difficulty in dealing with an issue due to territorial limitations, the top Court will help.
”It is in that spirit that the Supreme Court has assumed jurisdiction suo moto under Article 32. Therefore, we clarify that the High Courts need not be restrained from dealing with the issues.” the Bench observed.
The bench has called for a report from the Central Government on issues related to supply of oxygen, essential drugs, vaccine pricing. The matter will be next considered on April 30.At least 11 High Courts in the country are dealing with issues related to COVID management in their respective jurisdiction.TagsCOVID19 Senior Advocate Jaideep Gupta Senior Advocate Meenakshi Arora #Justice DY Chandrachud #Justice L Nageswara Rao Justice S Ravindra Bhat Next Storylast_img read more

Another 16 Covid-19 deaths reported

first_img Twitter Facebook Another 16 Covid-19 deaths reported Google+ Important message for people attending LUH’s INR clinic Previous articleGardai investigating weekend fire at Fahan MarinaNext articleIbec launch major new recovery campaign to support North West News Highland Google+ Pinterest A further 16 people with COVID-19 have died in Ireland.51 new cases have also been confirmed by the Department of Health.It brings the death toll from the virus here to 1,561, while there are 24,251 confirmed cases in this country.Two new cases of Covid-19 have been confirmed in Donegal as of May 17th, bringing the total number of confirmed cases in the county to 477. News, Sport and Obituaries on Monday May 24th Loganair’s new Derry – Liverpool air service takes off from CODA Arranmore progress and potential flagged as population grows center_img Pinterest Homepage BannerNews WhatsApp By News Highland – May 19, 2020 RELATED ARTICLESMORE FROM AUTHOR WhatsApp Twitter Facebook Nine til Noon Show – Listen back to Monday’s Programme DL Debate – 24/05/21 last_img read more

Snow/ice warning extended for Donegal

first_img Publicans in Republic watching closely as North reopens further Snow/ice warning extended for Donegal Pinterest By News Highland – December 30, 2020 Pinterest Previous articleRecord daily number of new Covid-19 cases confirmed in NorthNext articleDaryl Gurney into World Darts Quarter Finals News Highland Twitter Arranmore progress and potential flagged as population grows Twitter Facebook RELATED ARTICLESMORE FROM AUTHOR Google+center_img WhatsApp Homepage BannerNews WhatsApp Google+ Important message for people attending LUH’s INR clinic Met Eireann has extended a status yellow warning for snow and ice for Donegal. The alert will now be in place until 7am tomorrow Thursday.The forecaster is warning of further falls of snow in places today (Wednesday) and tonight leading to accumulations in some areas. Loganair’s new Derry – Liverpool air service takes off from CODA Nine til Noon Show – Listen back to Monday’s Programme Community Enhancement Programme open for applications Facebooklast_img read more