Aurora, Denver metro brewers, distillers rally against possible retail initiative

first_imgDENVER | About a dozen craft brewers and a smattering of liquor store owners from across Colorado gathered at Denver’s Ale House at Amato’s Wednesday afternoon, May 27, marking one of the first public displays of support against a possible 2016 ballot initiative.Under the moniker Keep Colorado Local, the Front Range beer masters were rallying in opposition to potential changes to state liquor laws. The group tapped the first-ever batch of Keep Colorado LocALE, a new beer made from Colorado-grown ingredients intended to act as a conversational launch pad for bartenders and patrons. Nearly a dozen regional breweries will be serving the beer in their taprooms in the coming months, and the recipe will later be shared with other Colorado suds slingers in hope of widening the scope of dialogue.At issue is whether grocery and convenience stores should be allowed to sell full-strength beer and liquor. Currently, grocery stores in Colorado cannot sell beer that contains more than 3.2 percent alcohol by volume and franchise liquor licenses aren’t permitted for grocery and conveniences stores, though franchises are allowed one full-strength alcohol outpost in the state. “Only the future will tell, but it could definitely put us in a precarious situation and, I think, a lot of breweries (as well),” said Tim Evon, head brewer at Dry Dock Brewing Company’s South Dock in Aurora.Proponents of a change toward allowing harder beverages in retail outlets argue that the current laws are decades old and that consumers should have more of a choice in regards to where they can purchase full-strength booze. Opponents — largely made up of professionals in the brewing, distilling and liquor distribution industries —argue that changing the law will largely wipe out the state’s independent liquor stores, which could decimate Colorado’s craft beer industry.“It would be completely devastating to my business,” said Carolyn Joy, owner of Joy Wine and Spirits on East Sixth Avenue and Marion Street in Denver. “We wouldn’t be able to have the variety we’d like, and distribution would be disrupted for sure.”This is not the first time this topic has reared its head, however, as several attempts to change current liquor laws have been made at the state Capitol in recent years. Each attempt was snuffed, so grocery executives are aiming to get the question on the 2016 general election ballot.“The liquor stores, of course, love the Prohibition-era laws that give them a monopoly, and there’s no amount of silly spin and gimmickry they won’t use to protect it at the expense of Colorado consumers,” said Rich Coolidge, spokesman for Colorado Consumers for Choice, the organization vying to get the issue into the hands of Colorado voters. “We congratulate the liquor store monopolies on the launch of their new beer. Wouldn’t it be great if you could pick it up while you’re shopping for dinner?  When this debate runs its course, we believe Colorado beer and wine consumers will have exactly that choice, the same choice that consumers already have in 45 other craft-brew-loving states.”There are currently just under 300 breweries and 1,600 independent liquor stores in the state, according to Keep Colorado Local. The coalition kicked off its opposition effort with a meeting at Argonaut Wine & Liquor in Denver on March 19.“If you were trying to define the exact opposite of a monopoly, you’d only have to look at Colorado’s current liquor system with nearly 1,600 independent businesses competing against each other,” Denise Baron, spokeswoman and organizer with Keep Colorado Local said in response to Coolidge’s comments. “We have a level playing field that allows each person to own one liquor store. That means anyone from the mom-and-pop store around the corner to Wal-mart have the same opportunity.”In order to make the ballot, Colorado Consumers for Choice must file a petition with at least 98,492 verified signatures with the Colorado Secretary of State’s office by Aug. 8, 2016. The organization’s Facebook page had more than 43,000 likes as of May 27. Tim Evon, head brewer at Dry Dock Brewing Company’s South Dock in Aurora, raises a glass of Keep Colorado LocALE in Denver on May 27. Image Courtesy of Keep Colorado Local.last_img read more

Corinthians RFC News

first_imgUnderageIt is a busy weekend ahead for the club’s underage teams with games for teams from under 13 all the way to the Youths! If you can at all, please get out and support these talented young players and they would appreciate all the support that cheers them on! Despite playing well, the Firsts had to give second best to Blackrock College on Saturday last in their opening game of the Ulster Bank League losing by 20 points to 13. Blackrock led 8-3 at the break with the Corinthians score coming from a penalty from Simon Keller. The try coming from Sean Connolly in the Second Half with Keller kicking the rest of the points. While it was disappointing to start with a defeat, this team are improving with every game and the results are not far away. ThirdsThe Senior Thirds played their first game of the season against Ennis at Corinthian Park on Saturday winning by 31 points to 8 scoring five tries in the process with special mention for Greg “Flash” Faherty who scored two. Preparations continue next Saturday with another Friendly against Scarriff at Corinthian Park at 1pm. Support would be appreciated. The League starts on Sunday the second of October with full details next week. MinisLast Saturday was an excellent day of training for All Mini Rugby Players and well done to everyone for their hard work. We would also like to welcome those who have joined our Mini Coaching team this season and we also have our first lady coach Trish Garrett. Welcome Trish!The Connacht Branch is organising Coaching courses for Mini Rugby Coaches next Friday evening and again on Saturday. Please contact Kevin if you are interested and would like more information. These courses will be held in the Sportsground.  Training continues next Saturday in Corinthians at 10am Sharp. All coaches are asked to be there for 9.30. Under 17’sThe Under 17’s take on Ballinrobe this Sunday in Ballinrobe with kick off at 12 noon. Players will be advised of travel arrangements. Under 15’sThe Under 15 team are on the road this weekend as they head down the motorway to Dubarry Park and Buccaneers on Saturday. Kick off is at 2.30. Players will be advised of travel arrangements. Under 13’sThe Under 13’s have a game this weekend at home to Galwegians Black with the game kicking off at 1.30pm. Under 14’sThe Under 14’s game with Castlebar was called off last weekend and will now be played next weekend at 4pm on Pitch Two. This is a great opportunity for those who are at the Ulster Bank League game to see the future senior players of Corinthians RFC strut their stuff. Firsts Under 16’sThe Under 16’s played Buccaneers in the league last weekend and came away with an excellent 29-17 win. Hubert Costello had an incredible game scoring three tries while Ethan Connolly and Diarmuid Kilcommins scoring the other tries. David McCarthy kicked two conversions. This was a total panel performance with all twenty three on the squad getting game time. Best of luck to all who are taking part in the Connemara Triathlon next weekend.Training continues on Wednesday nights at 7pm. Contact Tom Forde for more information. The Squad were as follows: Colin Joyce, Pat O’Toole, Matthew Burke, Sean Connolly, Colin Raftery, Sam McCormack, Stuart Royle, Lise Soloa, Stephen Kerins, Simon Keller, Colm de Buitlear, Cathal Evans, James Buckley, Joe Murphy, Dave Panter, Craig Hansberry, Dylan Donnellan, Aaron Broderick, Ger O’Connor, Ross Keller.Next up is our first home game of the season in what is going to be a special day with several games on at the Club. Belfast Harlequins are the visitors to Cloonacauneen and kick off is at 2.30. President’s Pre Match LunchJust a quick note to mention that Club President Kieran Browne’s Pre-Match lunch is on upstairs in the clubhouse at 12.30 on Saturday next ahead of the first’s first home game of the season against Belfast Harlequins.If you wish to book – Please contact Aidan Siggins on 086-4082896.print WhatsApp Facebook Twitter Email Girls Rugby U13’s and U15’s Girls Rugby continues at Corinthian Park every Monday evening at 7pm. New girls are extremely welcome and are invited to come and meet our existing players and try out a training session or even come and have a look during a session to see if it is something that they would enjoy. You do not need to have played rugby before and the emphasis will be on enjoying the game of rugby, playing safe rugby and enjoying being part of a girls rugby team.If you want more information then contact Rhoda Browne on 086-8245040. SecondsThe Second’s Game with Creggs did not go ahead last weekend so all focus is now on next weekend and their game against Castlebar. Kick off at Corinthian Park on Sunday is at 2.30pm. Under 18’sThe Under 18’s are at home this weekend to Buccaneers in the League with kick off at Corinthian Park at 12 Noon. Support appreciated.last_img read more

Active Schools Initiative

first_imgThe Active Schools Initiative (ASI) is a registered NPO that is providing a holistic violence prevention & empowerment programme called ´Play & Learn´ at 15 primary schools in 8 different disadvantaged communities of Cape Town and JohannesburgThe programme assists children to cope with difficult living conditions and empower them to become positive change agents in their own schools, neighbourhoods and communities.Play & Learn includes school ground development, interval programmes, holiday programmes, leadership training for selected child trainers and teacher workshops on topics including positive discipline, numeracy and literacy games, substance abuse prevention and others.We need assistance with office supplies and stationery, clothing and food for ASI staff, books and learning equipment for our school library, material which can be used to build jungle gyms etc, on which the children can play during interval times, and harnesses, helmets and other equipment for our kids climbing programme.We also need financial assistance/ donations for Play & Learn items like balls, skipping ropes, hula-hoops, trampolines, balloons, face paints and stationery.Contact person: Dayana DrekeTelephone: 079 635 6671Address: Milner Road 3, 7700 RondeboschE-mail: [email protected]: www.asi.org.zalast_img read more

Super-sensitive high tech scanner to shorten airport queues

first_imgA super-sensitive passenger scanner that reveals hidden security threats is being trialed in the UK.The walk-through scanner, which uses space technology to image human body heat, is the result of a collaboration between Sequestim Ltd. and Cardiff University scientists.Computer learning allows the scanner to distinguish between threats and non-threats but without the need for passengers to keep still or remove outer clothing.See video of scanner hereGlobally, around 12 million passengers travel by plane every day on 120,000 flights.The technology has the potential to cut queues at airport terminals as it screens people on the move. It will also impact on the effectiveness of security and help keep passengers safe.“Passenger numbers are expected to double in 20 years, putting airport security facilities under immense pressure,” said Ken Wood, Sales and Marketing Director of Sequestim Ltd, a joint venture between Cardiff University and QMC Instruments Ltd.scanner“Our scanner combines a number of world-leading technologies developed by our team here in the UK. It uses the human body as a source of “light”, in contrast with existing scanners which process reflected and scattered millimetre-waves while the passenger is required to strike a pose.”“Our system only needs a few seconds to do its work. Passengers walking normally through security would no longer need to take off coats and jackets, or remove personal items such as phones.”The trial takes place privately, by invitation only, from 4 to 7 December 2018 at Cardiff Airport and will not affect passenger journeys.The project is one of eight to receive some of the £1.8m funding made available by the UK Government earlier this year through a Defence and Security Accelerator themed competition. Part of the five year Future Aviation Security Solutions (FASS) programme, the multimillion-pound initiative seeks innovative ideas such as this new passenger scanner to help strengthen aviation security.Originally built to study the furthest reaches of the universe, the technology used is so sensitive it could see a 100W light bulb at a distance of 500,000 miles (twice the distance to the Moon.)The scanner quickly “learns” the difference between items that can and cannot be taken onto an aircraft, reducing the risk of false alarms which inconvenience passengers and slow down screening.“The detector technology was originally developed to study the most distant astronomical phenomena. For example, we study how stars are born from gigantic clouds of gas and dust,” explained Mr Wood.“It detects millimetre-waves, which are just like visible light but at a wavelength more than one thousand times longer. The ability of the scanner to reveal hidden objects has also attracted interest from Border Force, responsible for the UK’s frontline border control operations at air, sea and rail ports.“Any concealed items show up very clearly as a shadow because the human body, by dint of its heat, acts like a light bulb for our scanner. The new scanner images do not present any ethical issues because anatomical details do not show up. No-one will need to see the images when the technology is eventually used for real, however, because the system will be completely automatic.”The airport trial aims to prove that passive terahertz imaging is robust, versatile, fast and convenient.UK Aviation Minister Liz Sugg said: “We have a proud history of innovation here in the UK and passenger safety across all modes of transport remains an important priority for the government. The Future Aviation Security Solutions programme demonstrates our support for pioneering projects that can help to reduce security threats in airports. I am pleased to see that the funding awarded to Sequestim has helped the team take space technology and trial it as part of a new passenger screening system at Cardiff Airport.”Cardiff Airport was bought by Welsh Government for £52m in 2013. Nearly 1.5m passengers passed through the airport in 2017. The trial of the passenger scanner in December represents a first for Wales, and a local collaboration with enormous impact potential.First Minister of Wales, Carwyn Jones, said: “Welsh Government and Cardiff Airport are delighted to be hosting the proof-of-concept trial of Sequestim’s innovative technology. This cutting-edge security camera not only promises a huge improvement in our experience of air travel, but also brings with it the prospect of job creation as Sequestim aims to manufacture future scanners here in Wales.”The purpose of the trial is for key members of industry, the Centre for the Protection of National Infrastructure, the Civil Aviation Authority and other government bodies including BorderForce to see the technology in action.last_img read more

Schwartz on Network Services

first_imgrichard macmanus Listened to the latestGillmor Gang Show, with Jonathan Schwartz as guest. Sun’s Schwartz is one very smartcookie and a very effective speaker. The following quote in particular stood out forme:“We [Sun] want a world where there are tons and tons of interesting, interactive iPodequivalents – where people are doing interesting things with their devices attached to anetwork. Why? Because that creates more demand for network services, where we[Sun] can actually come in and do a good job at monetizing it with more scalablehardware, more affordable storage or better infrastructure software.” [at about 46 minmark]He goes on to talk about “lots of added value” on the network, citingtelecommunications carriers / network operators who give away mobile phones in order tosell services. He used the phrase “cost compression” several times near the end toemphasize that businesses (like Sun and Microsoft) need to find new business models onthe network.A lot of what Schwartz said (especially that last point) complementsthe ideas that came out of myinterview with Tim O’Reilly. Web services business models is a fascinating subject,but rather than focusing on the bigco’s I prefer to look at how the little companies arecreating new opportunities in this Web 2.0 world. Companies like Bloglines, Flickr, Feedburner, TheRobot Co-op.And by the way (as Jonathan might say), an eBook Reader is one device beggingto be attached to the network. One problem is that there’s noiPod-equivalent for eBook Readers. There are many reasons for that, which I won’t gointo right now. My point for this post is that there are many potentialbusiness opportunities for new companies to create network services around eBooks, shouldthe right platform ever be put in place (in the same sense that the iPod is a platform formusic services). 8 Best WordPress Hosting Solutions on the Market Top Reasons to Go With Managed WordPress Hosting Tags:#E-Books#web center_img A Web Developer’s New Best Friend is the AI Wai… Why Tech Companies Need Simpler Terms of Servic… Related Posts last_img read more

Fond Stories Over Coffee: The Passing of a Friend

first_imgOn Friday, November 2nd, 2007, our friend and colleague, Rob Carpenter, passed away suddenly. He was an incredible man, father and friend. His work with pre-testing and validation of new technologies for the Intel data centers will continue to live on. In fact, he had just filmed a follow-up video blog on the Wednesday before his passing. With the permission of his family, we have posted the video He was passionate about his work and sharing his knowledge with others.It may be out of the ordinary for one to find eulogies in a community sharing IT best practices, but Rob was and is a part of our community….the fabric of who we are. In honor and memory of Rob, I am republishing, with permission, some stories from his son Justin. Rob didn’t want a formal memorial service, instead he requested that he be remembered with “fond stories over coffee with friends.” Grab a cup of coffee…….”My earliest clear memories of him are from the early days of his private law practice, and his postdoctorate work in applied mathematics on the side, in his early thirties. He was just as amazing then, brilliant, twenty years ahead of his market (already thinking about standardization of computer networks and how one scheduled protocols in a protocol-heterogeneous environment where “pipe is pipe and traffic is traffic,” before many families even had microcomputers), His excitement and sincere enthusiasm was infectious, his integrity was already the stuff of legend, and he was never content to rest his mind.Even at the time of his death, he was working on numerous projects with Intel, and at the same time, teaching a course at Berkeley’s College of Divinity School of the Pacific in Benedictine contemplative meditation, serving as a volunteer subject matter expert in HAM and emergency radio technology, applying to be an oblate (layman participant in a Christian monastary, often part-time on weekends), avidly pursuing semi-professional photography as a hobby and passion, beginning to pen a second book unifying Christianity and Buddhism meditative traditions, and regularly conversing with me about my in-progress graduate work in the epistemology of mathematics. He never needed to read the texts I read; he simply asked for a two-sentence summary of their arguments, and could immediately form better arguments than the authors themselves.When I was four years old, I asked him what he was teaching in the evenings to take him away from Mom and I during cartoon time in the evenings, and he explained that it was applied math for physics. I blinked, and said with a mumble that I didn’t think I could do anything that hard, and he looked very surprised, sat me down at the dining room table, and proceeded to teach me algebra, basic trigonometry and the principles of calculus in two amazing hours. We started doing lessons instead of after-dinner TV, and by the end of the semester, he gave me one of the tests (no doubt simplified a bit) from his class. I passed it (with I believe an 89), and he said to me very seriously, “Justin, NEVER say that you can’t do something that seems hard. You can do just about anything if you really try. I want you to promise me that you’re not going to avoid doing things that look hard at first.” I promised him that I wouldn’t, and I find myself repeating that promise often, as the many grim realities of the current situation set in.His courage was amazing. During early 1995, our family was under a standing death threat from two different crime syndicates due to my father’s diligence as district attorney in prosecuting the people responsible for drug trafficking to New York through a Palenville airstrip. He never showed stress, never changed his routine beyond asking for a police escort at times. He’d sit calmly, albeit away from windows, with his ubiquitous glass of caffeine-free Diet Coke, and conversed with us from a room away. The conversations were like any other evening, just a little louder.I learned yesterday, after speaking to some of his friends in law enforcement in New York, that the situation was much more serious than I ever realized, and that he had a strong reason to believe that his life was very much in danger that evening. As we sat and nibbled dinner in two rooms, our house was under armed guard. My mother and I never knew. You could never judge the severity of a problem by my father’s composure, as it never faltered.It has been difficult to explain to people why there is no memorial service or funeral planned. My father held a memorial service for my mother, but asked that he simply be cremated and scattered without ceremony. When I asked him about the needs of the living to gather and remember, he suggested that those who wished to remember him, as best I can remember the quote, “go out for coffee, or pie, or breakfast, and come together as the living in a moment of life.” He explained that he did not want people in mourning clothes, with their eyes held low, listening to somber songs in a rented space — that the way to remember life was by imitating life, not by entering the atmosphere and mood of death.And so, there will not be one memorial service for my father, but many. There are moments of silence in Mt. Tremper where he attended the monastery, and a dinner in New York this weekend to toast, quote, “the finest district attorney the state has ever seen.” There will be tears shared among his many friends at several Intel sites, and fond stories of him at the next Sierra Foothills ARC brunch. In Tampa, there has been a memorial every time I’ve opened my mouth to speak in the last five days.There could be no one memorial large enough to encompass even most of the lives he touched, nor could even his closest fifty friends attend one, no matter where it was held. I considered holding one despite his wishes — I am certain he would have understood the need of the living to mourn — but I realized that his life was too big to bring into a room, or even a small concert hall. He had close, dear, personal friends in several countries and nearly every state, and every one of them was touched by his presence and would feel the need to be there. Robert Edmund Carpenter, the man so loved that his memorial service required an event space the size of the internet.There will be many memorials, you see. Every time you and others sit and remember him to one another, tell stories about his life, be they funny or amazing, every time you remember something he told you, or share him as an example to others, you are celebrating his life. Every time there is pain, or better yet, a happy anecdote to share, we can come together and share it — and you will hear, first- or second-hand, the anecdotes of others passed on for sharing.This is, I think, why he wanted it this way. No one is left out, no one is “unable to make it,” no one is forgotten, and the memorial takes as long as it needs to, for every story to be told, for everyone to be a part of it. When I think about it this way, I think he really had the right idea, and though I cannot imagine being even a pale shadow of the man he was, when I pass, I hope to be remembered the same way, through fond stories over coffee when I’m remembered now and then”last_img read more

Usain Bolt to run in London Diamond League

first_imgSix-time Olympic champion Usain Bolt will run at the Diamond League meet in London on July 24.Also participating will be double Olympic gold medallist Mo Farah and women’s heptathlon gold winner Jessica Ennis-Hill, world record holder and London Olympics 800 metres champion David Rudisha and more than a dozen World or Olympic champions. The two-day meet is part of London’s Anniversary Games, reports Xinhua.”The opening night of the Anniversary Games has attracted the strongest field ever assembled for a single night of athletics, providing Londoners with another ‘I was there’ moment. The chance to see a living legend like Bolt is very rare and we are delighted to be able to welcome him to the reopening of the stadium where he so thrilled us all at the 2012 Games,” London Mayor Boris Johnson said on Friday.”It is a beginning of a new chapter for the stadium and there will be many more amazing nights to come. It is wonderful that we are starting in such style.”Bolt, considered to be one of the greatest sportsmen of all time, last competed individually in Britain at the 2013 Anniversary Games where he won the 100m in 9.85 seconds. The 100m and 200m world record holder and winner of eight world titles is looking forward to returning to the scene of his spectacular Olympic triumphs.”London is a special place where I love to compete and I am looking forward to the Anniversary Games on July 24. I have great memories of competing in the Olympic Stadium in the summer of 2012 and in the previous Grand Prix meets in London,” Bolt said.advertisementThe event takes place just four weeks before the World Athletics Championships in Beijing and will be the final time the original London 2012 track is used before a new surface is laid for the London 2017 World Championships.British Athletics have secured the right to host athletics in the former Olympic Stadium for one month every year for the next 50 years from 2016.last_img read more

10 months agoArsenal eye swoop for Torino defender Nkoulou

first_imgArsenal eye swoop for Torino defender Nkoulouby Freddie Taylor10 months agoSend to a friendShare the loveArsenal are eyeing Torino centre-back Nicolas Nkoulou, according to Calciomercato.Emery wants the Gunners to invest in defenders this month, with Hector Bellerin, Rob Holding and Konstantinos Mavropanos all sidelined.Nkoulou, who can also play as a defensive midfielder, has emerged as their top target after an impressive season in Serie A.The Cameroon international could be available for £12million, although Torino would be reluctant lose one of their most important players.He is under contract until 2020. TagsTransfersAbout the authorFreddie TaylorShare the loveHave your saylast_img read more

9 killed in rainrelated incidents in UP

first_imgLucknow: Nine people were killed in rain-related incidents in Uttar Pradesh, officials said on Friday, as heavy rains which have been continuing in different parts of the state since the past two days have disrupted normal life. In the wake of the continuing rains, Uttar Pradesh Chief Minister Yogi Adityanath has directed the divisional commissioners and the district magistrates to take all measures and extend immediate relief to those affected, an official said. He said the chief minister has asked the officials concerned to visit the areas which have been affected by rains and witnessing flood-like situation. At least nine people were killed following heavy rains since the past two days. They include three deaths in Chandauli, two each in Amethi and Bhadohi and one each in Ayodhya and Varanasi, the official said. The chief minister has asked the officials to extend the monetary help of Rs 4 lakh each to the next of kin of those killed and also arrange treatment for the injured, he said. He also said the waterlogging issue should be addressed immediately, the official said.last_img read more

Ghaziabad A 3yearold girl has died after she fe

first_imgGhaziabad: A 3-year-old girl has died after she fell into an open drain in Sahibabad area on Tuesday. The incident took place around 11 am when the child went missing from her home. The body was recovered after three hours of extensive search by her family members, said police. According to police, the victim, identified as Ananya, was playing near her house while her parents had gone out for work. Police said that she got drowned into the open drain which was earlier covered with cement slabs but they were recently removed by municipal staff for annual monsoon cleaning. Anil Kumar, father of deceased said that when he returned home from work, he found Ananya missing while the other two children were playing outside the house. The family members immediately informed police and went on to look for the child. Later a local person saw her body floating into the drain and was fished out. The child was immediately rushed to a government hospital but she was declared brought dead.last_img read more

San Francisco WhatsApp is testing a key feature t

first_imgSan Francisco: WhatsApp is testing a key feature to give its users an ability to self-destruct their messages after a set period of time. The developers have seen the feature that allows users to set their messages to self-destruct in the recently released public beta version of WhatsApp for Android a” dubbed as “v2.19.275”. According to WABetaInfo that keeps track on WhatsApp features, the Facebook-owned platform is finally working on new features, including the new “Disappearing Messages” feature. Also Read – Swiggy now in 500 Indian cities, targets 100 more this year “As the name suggests, any message eligible to be ‘disappeared’, will be automatically deleted from the chat!” said the website When the chat is marked as “disappeared,” all messages will be automatically removed after a certain interval. The user will be able to mark the chat as “disappeared” enabling the option “Disappearing messages”, in Group Info. It’s one of the most popular features on highly-encrypted chat platform Telegram. Disappearing Messages feature would be useful for those who share sensitive information on WhatsApp.last_img read more

MUMBAI Punjab and Maharashtra Cooperative PMC

first_imgMUMBAI: Punjab and Maharashtra Co-operative (PMC) Bank used more than 21,000 fictitious accounts to hide loans it made, according to a police complaint lodged by Indian officials, in the latest banking fraud case to spook the country’s depositors and investors. The complaint, filed with the Economic Offences Wing (EOW) of Mumbai Police on Monday and later seen by Reuters, accuses the bank’s management of concealing non-performing assets and disbursing loans leading to a loss of at least Rs 4,355 crore ($616.5 million). Also Read – Commercial vehicle sales to remain subdued in current fiscal: IcraA single realty firm and its group companies were the beneficiaries of 44 loans, according to the complaint. “The actual financial position of the bank was camouflaged, & the bank deceptively reflected a rosy picture of its financial parameters,” said the complaint, noting that the fictitious loan accounts were not entered into the bank’s core banking system – a factor key in the perpetration of a $2 billion fraud at Punjab National Bank that was uncovered in 2018. Also Read – Ashok Leyland stock tanks over 5 pc as co plans to suspend production for up to 15 daysThe complaint names the bank’s chairman Waryam Singh and its managing director Joy Thomas, along with other bank officials, and accuses them of criminal breach of trust, forgery and falsification of records. It also names bankrupt realty company Housing Development and Infrastructure Ltd, along with its former senior executives Sarang Wadhwan and Rakesh Wadhwan, who were beneficiaries of the loans. A senior government official late on Tuesday said that the serious fraud investigation office will look into the alleged wrong doing by HDIL in the PMC case, expecting to complete the investigation in the next two months. PMC Bank and HDIL did not immediately respond to requests for comment. The Reserve Bank of India (RBI) said it had no comment. The PMC case has sparked renewed concerns about the health of India’s troubled banking sector, which has been rocked by a multi-billion dollar fraud at a state-run lender, the collapse of a major infrastructure lender, bad loan issues at state-run banks and a liquidity squeeze that has hit shadow lenders. More than two dozen co-operative banks are now under RBI administration, but PMC Bank – with deposits of Rs 11,620 crore as of March 31 – is by far the largest. The RBI last week moved to take charge of PMC Bank, one of India’s top five co-operative lenders with more than 9,00,000 depositors, and suspended Thomas and the bank’s board after uncovering lending irregularities The RBI has barred the bank from renewing or granting any loans or making investments without prior approval of the central bank, while depositors have been informed they can only withdraw a maximum of Rs 10,000 ($140) from their PMC accounts over the next six months. Dozens of account holders gathered outside an RBI office in Mumbai on Tuesday to protest against the curbs and demand that the central bank and government intervene to release their funds. In a letter written by Thomas to the RBI that allegedly blew the lid off the scam, he says that he oversaw the fraud and hid details from the regulator for fear of reputational risks to the bank. Reuters reviewed a copy of the letter. The police complaint against PMC and HDIL officials was filed at the behest of an administrator, whom the RBI appointed last week to oversee the bank’s operations. The complaint alleges that the PMC officials misled the RBI for over a decade from 2008 to August 2019 by failing to disclose big accounts that had become non-performing assets by producing forged audit reports. It was reported on Sunday that PMC Bank’s exposure to bankrupt HDIL stood at Rs 6,500 crore, which accounts for 73 per cent of its overall Rs 8,880 crore loan book – well above the RBI’s permissible exposure levels to a single entity.last_img read more

Kolkata A Durga Puja committee in Kolkata has rep

first_imgKolkata: A Durga Puja committee in Kolkata has replicated scenes of Balakot air strike, in which the Indian Air Force (IAF) jets had bombed a terror outfit’s training camp in Pakistan, as its Durga puja pandal this year. The Young Boys Club Sarbojanin Durga Puja Committee in Central Kolkata, which is celebrating golden jubilee this year, is recreating the events of the air strike with clay models and digital projection at its pandal.Over 65 models have been erected to depict the air strike. A life-size model of IAF pilot Wing Commander Abhinandan Varthaman will be the main attraction for visitors. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari Puja “Sixty-five models of IAF personnel and terrorists will be placed at the pandal’s entrance with a model of an IAF aircraft hovering over it. We will create both the Indian and Pakistan sides to depict the air strike accurately,” Vikrant Singh, youth president of the puja committee, told The Indian Express. Before his jet was hit, Abhinandan Varthaman had downed an F-16 fighter of the Pakistan Air Force. He was captured by the Pakistani army and was released on March 1. “We wanted to celebrate our 50th year in a big way. Through this particular theme we want to spread awareness among visitors on the achievement of IAF pilots,” added Singh Also Read – Bengal civic volunteer dies in road mishap on national highway He said the forest cover surrounding the targeted camp has been recreated through digital projection. The models are being crafted by artisans from East Midnapore district. A model of MIG-21, which Varthaman was flying, has been installed at the pandal. The air strikes in Pakistan’s Balakot was conducted by the IAF following a suicide attack on a CRPF convoy in Jammu and Kashmir’s Pulwama on February 14. The attack had claimed the lives of 40 personnel.(With inputs from Indian Express)last_img read more

Barcelona Lionel Messi has insisted there are no

first_imgBarcelona: Lionel Messi has insisted there are no problems between him and Antoine Griezmann or between the players and Barcelona’s board. Messi returned from injury to make his second start of the season against Inter Milan in the Champions League as Barca came from behind to win 2-1 on Wednesday. Speaking after the match, Messi was asked about his relationship with Griezmann, who had said on Tuesday it was “difficult” to establish a connection with the Argentine while he had been injured. Also Read – We will push hard for Kabaddi”s inclusion in 2024 Olympics: Rijiju “Obviously we have no problem,” Messi said. “There is a good relationship with everyone, the dressing room is united. We needed this victory and hopefully now we can kick on and continue in this way.” Luis Suarez scored a sensational double at Camp Nou and it was Messi that supplied the Uruguayan’s 85th-minute winner, with a pass at the end of a weaving run down the right. Barcelona now sit level on four points with Borussia Dortmund in Group F. Also Read – Djokovic to debut against Shapovalov at Shanghai Masters There have also been suggestions of a rift between Barcelona’s players and the board, with Gerard Pique implying last weekend that articles critical of the team had come from higher up the club, however Messi denied the relationship had soured “We are fine. The important thing is to talk about the triumph of today and against Getafe,” he said. “We have Sevilla now to finish well before the international break. We will try to win it because it creates a mess when there is no football so we want to finish well and go out on a high before the break.”last_img read more

Raipur The Chhattisgarh government has decided to

first_imgRaipur: The Chhattisgarh government has decided to organise weeklong ‘Gandhi Vichaar Yatra’ to mark 150th anniversary of Mahatma Gandhi. The yatra would commence on Friday under the leadership of Chief Minister Bhupesh Baghel from Gandhi Gram Kandel of Dhamtari district and it would conclude at Gandhi Maidan of Raipur. To promote vision and teachings of Mahatma Gandhi among the masses and to commemorate Kandel Nahar Satyagrah, dignitaries such as Vidhan Sabha Speaker Charandas Mahant, Cabinet Ministers, MPs, MLAs, public representatives and a large number of citizens would participate in the ‘padyatra’. As per the schedule, the yatra would commence after unveiling a statue of Mahatma Gandhi at village Kandel by the CM and addressing a public gathering.last_img read more

New Delhi Delhi witnessed a dip in temperature by

first_imgNew Delhi: Delhi witnessed a dip in temperature by two notches on Friday morning, a day after rain lashed several parts of the national capital. According to a MeT department official, the minimum temperature recorded was 19.8 degrees Celsius, two notches below the season’s average. The humidity level was 86 per cent at 8.30 am. The weatherman has predicted light rains later in the day. “There is possibility of light rains in several areas today. The maximum temperature is expected to settle at 34 degrees Celsius,” he said The Safdarjung observatory, the recording of which is considered official for the city, recorded 47.3 mm rainfall in last 24 hours. At the Palam observatory, 30.2 mm rainfall was recorded during the same period. On Thursday, the minimum temperature settled at 23.8 degrees while the maximum temperature recorded was 34.8 degrees Celsius.last_img read more

Kiev At least three people died when a transport

first_imgKiev: At least three people died when a transport plane crashed Friday while coming in to land in western Ukraine, emergency services said. The Antonov-12 with eight people on board crash-landed 1.5 kilometres (just over a mile) from the runway at Lviv airport, killing at least three and injuring three. Crew members were trapped in the wreckage and two more were missing, the emergency services said. Infrastructure Minister Vladyslav Kryklii said on Facebook that five died. He said the aircraft was operated by Kiev-based company Ukraine Air Alliance and flying in from Vigo in Spain. He added that it was thought the plane had run out of fuel. The emergency services posted a picture of the plane with one wing ripped off.last_img read more

KMC announces recipients of Kolkata Shree Awards

first_imgKolkata: The Kolkata Municipal Corporation on Friday announced the name of Puja committees that will be the recipients of Kolkata Shree Awards 2019. Prizes are given every year to thebest Pujas in the city by the civic body. Mayor Firhad Hakim along with Member, Mayor-in-Council (Parks and Gardens) Debasish Kumar read out the names of the community Pujas, who will be receiving the awards at a function organised by the KMC, soon after the Puja. The Kolkata Shree awards are being given since 2010 after the Trinamool Congress board assumed charge of the KMC. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari Puja”There were 400 applications for the awards out of which 99 puja committees are being awarded. Apart from various categories, a total of 63 awards are Mayor’s Choice Awards,” Kumar said. Mayor said there is 100 percent transparency in awarding community Pujas. The panel of judges include noted personalities from different fields such as Sirshendu Mukhopadhyay, Dola Banerjee, Ajoy Chakrabarty, Pranati Thakur, Dona Ganguly. The nine other categories in which prizes were announced includes ‘Serar Sera’, ‘Serar Pujo’, ‘Sera Pratima’, ‘Sera Sailpik Utkorsho’, ‘Sera Bishoy’, ‘Sera Aloksajja’, ‘Sera Paribesh’, ‘Sera Parichanna Pujo’, and ‘Sera Sambhabana’ Also Read – Bengal civic volunteer dies in road mishap on national highwayThe Pujas that won in the category of ‘Serar Sera’ are Suruchi Sangha, Naktala Udayan Sangha, Tala Park Prattoy and S.B Park Thakurpukur. In the ‘Serar Pujo’ category, the winners were Kashi Bose Lane, Rajdanga Nabauday Sangha, Samaj Sebi Sangha and Hatibagan Sarbojanin. The awards for Sera Pratima have given to Ajeya Sanghati, Chakraberia Sarbojonin, Gouribari Sarbojonin and Barisha Club. The awards for ‘Sera Sailpik Utkorsho’ category have been bagged by Avenue South, 41 Pally Club, Kalighat Milan Sangha and Ballygunge Cultural. In the ‘Sera Bishoy’ category prizes were announced for Abasar Sarbojonin, Gariahat Hindustan Club, North Tridhara and Hazra Park while Sera Aloksojjya (Lighting) has gone to Ekdalia Evergreen, 25 Pally Sarbojonin, Chalta Bagan and Hindushtan Park Sarbojonin. The Sera Paribesh award was given to Beleghata 33 Pally, Bosepukur Sitala Mandir , Alipore Sarbojonin and Daskshin Kolkata Sarbojonin while the Sera Porichhanna Puja awards’ recipients were 66 Pally Club, Bakul Bagan Sarbojonin, Jodhpur Park and Shib Mandir, Mudiali Club, 21 Pally, Golmath Durga Puja Samity and Baghajatin B and C Block. “For the Mayor’s Choice award, the Mayor himself will visit several pandals during the Puja days. This is a category in which Puja committees are not required to send applications,” said Kumar.last_img read more

Another jolt for Aarey activists as HC refuses stay on felling of

first_imgMumbai: Green activists suffered a second jolt in two consecutive days when the Bombay High Court on Saturday refused to stay ongoing felling of trees at Mumbai’s prominent green lung, Aarey Colony, to make way for a proposed metro car shed. The application was taken up for urgent hearing by Justices S C Dharmadhikari and A K Menon in their chamber in the high court. The bench, after hearing brief arguments, said it would not interfere with the Friday’s order and refused to grant a stay on the MMRCL action.last_img read more

RBI repo rate reduction to 515 in line with market expectations says

first_imgNew Delhi: The reduction of the Repo rate by 25 bps to 5.15 per cent by RBI is widely in line with market expectations, said Punjab National Bank MD and CEO Mallikarjuna Rao . Further, RBI has continued with an accommodative stance, suggesting possibility of further rate cuts, if required. This rate cut will perfectly complement the fiscal measures announced by the government to help strengthen private consumption and spur investment activity going forward. Also Read – Commercial vehicle sales to remain subdued in current fiscal: IcraOverall liquidity has remained surplus in August and September 2019. In the backdrop of current macroeconomic setting of lower growth and range bound inflation, there may be a case for surplus liquidity to not only uplift the sentiment but also for effective rate transmission. The expected GDP growth rate has been justifiably revised downward to 6.1 per cent for 2019-20, given the hitherto weak domestic demand conditions. However going ahead, the easing of rates combined with the fiscal measures announced by the Government recently are expected to revive demand, thereby giving a fillip to the economic growth.last_img read more

MRPL operations back to normalcy Official

first_imgMangaluru: The problems faced by Mangalore Refinery and Petrochemicals Limited (MRPL) by way of ground soil erosion following heavy rains in August this year have been resolved and all operations were now smooth, company managing director M Venkatesh said on Saturday. Addressing reporters here, he said the MRPL refinery complex had faced the soil erosion due to the intense rainfall during the first and second week of August, affecting the foundation of one of the pipe racks in phase 3. Also Read – Commercial vehicle sales to remain subdued in current fiscal: IcraAn immediate shutdown of the entire phase 3 complex was done as safety measure during the third week of August. All emergency measures were taken on warfooting to arrest any significant damage to pipe racks. After ensuring the safety of the pipe rack through rectification work, the phase 3 refinery complex was commissioned again during the second week of September. He said the entire refinery complex was running normally at peak capacities since then. Also Read – Ashok Leyland stock tanks over 5 pc as co plans to suspend production for up to 15 daysThe crude oil supplies to MRPL were not affected due to recent attack on Saudi oil facilities and the operations were sustained normally. Venkatesh said MRPL has been contributing to the social development of the region through its unstinting efforts under its corporate social responsibility (CSR) initiatives. Our maximum focus is towards Dakshina Kannada and Udupi district. Our CSR spending is over Rs 50 crore for 2019-20,” he said.last_img read more