Greece raises €1.17bn in key debt auction

first_img KCS-content INVESTORS across Europe breathed a sigh of relief yesterday as Greece successfully tapped the capital markets for over €1bn (£836.6m) in a debt auction.Analysts were encouraged by the success of the auction, despite the fact that the bonds in question were short-term six-month Treasury bills, for which Greece had to pay a high yield of 4.82 per cent, compared to 4.65 per cent at its last auction in July.But demand for the debt was high, with the bid-to-cover ratio at 4.54 compared to 3.64 in the previous issue, according to Greece’s Public Debt Management Agency (PDMA). Total bids reached €4.08bn, of which Athens finally accepted €1.17bn. The auction was originally for €900m.The debt issue comes just four months after Eurozone states and the International Monetary Fund (IMF) agreed a mammoth €110bn three-year bail-out deal for Greece, which had threatened to default on its huge debt and send other fiscally challenged European countries into a downward spiral. Spain, Portugal, Ireland, Italy and even the UK all came under the scrutiny of markets concerned over contagion.In return, Greek Prime Minister George Papandreou agreed to enforce an austerity drive in the country, sparking a series of violent riots from citizens. The measures agreed include freezing public sector pay and pensions, upping VAT from 21 per cent to 23 per cent, and hiking duty on alcohol and fuel by 10 per cent. The debt auction came as the IMF said Greece is on track to slash its budget deficit according to plan this year, but needs to further improve tax collection and control spending to sustainably shore up its finances. “The ambitious fiscal consolidation program remains on track, but pressure points are evident,” the IMF said in a report published one day after the debt-laden country obtained a second installment of funds. Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof whatsapp Share whatsapp Tuesday 14 September 2010 9:06 pm Show Comments ▼ Greece raises €1.17bn in key debt auction Tags: NULLlast_img read more

Lords outline plan for root-and-branch regulatory overhaul

first_img Tags: Online Gambling Subscribe to the iGaming newsletter A report from the UK’s House of Lords has set out a wide-ranging series of proposals to strengthen the gambling regulatory framework in Great Britain, including stake limits and a ban on gambling sports sponsorship. 2nd July 2020 | By contenteditor Lords outline plan for root-and-branch regulatory overhaul AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Legal & compliance Lottery Sports betting Bingo Bingo Regions: UK & Ireland A report from the UK’s House of Lords has set out a wide-ranging series of proposals to strengthen the gambling regulatory framework in Great Britain, including stake limits and a ban on gambling sports sponsorship.The report, Gambling Harm – Time for Action, noted that most gamblers are able to do so safely. However, it added, the industry has made life “miserable” for those that suffer ill effects from their play – estimated at between 250,000 and 460,000 individuals.The industry, it noted was guilty of “ingenious and often unscrupulous exploitation” of “soft touch regulation” had created a perfect storm of addictive round-the-clock gambling.“The behaviour of some gambling operators, where vulnerable people were targeted with inducements to continue gambling when the operators knew they could not afford to, shocked the Committee,” its chair Lord Grade of Yarmouth said.Urgent action was therefore required, Grade continued: “Lax regulation of the gambling industry must be replaced by a more robust and focussed regime which prioritises the welfare of gamblers ahead of industry profits.”However, the committee noted, gambling can act as a source of enjoyment and even foster a “strong sense of social cohesion” in some forms. Furthermore, it makes an important contribution to employment and the economy.“Throughout this inquiry we have borne this in mind, and in formulating our recommendations we have sought to impact on the benefits of gambling only to the extent that is required to achieve the objective of making gambling safer for all,” the committee explained.As such, it made some 66 recommendations to address harms caused by the industry.Among the most notable was a call for a new testing system, which would assess all new games against a series of harm indicators, such as their addictiveness and the potential to appeal for children. Products that score too highly on these harm indicators could then be blocked from release.To ensure problem gambling treatment is adequately funded by the industry, a mandatory levy should be introduced for operators, similar to that in place in New Zealand. This could rise based on the risk factor associated with each product, with operators offering games considered more dangerous to pay a higher rate.This in turn would allow profits to be redirected to the National Health Service to expand problem gambling treatment. The report noted that the NHS promised to open 15 new clinics, and urged this to happen by 2023, before making plans to expand the number further.This mandatory levy should also go towards providing funds for UK Research and Innovation (UKRI) and the Economic and Social Research Council (ESRC) to investigate gambling-related research. Using these bodies rather than setting up an additional research body would be more efficient, the committee suggested.The Lords committee did not go as far as to demand regulatory parity across all channels, as the All Party Parliamentary Group on Gambling Harms did in its report on regulatory change. However, it did call for an “equalisation of speed of play and spin”, which would mean no game could be played quicker online than in any other gambling venue.This should be accompanied with regular reviews of stakes and prizes. The triennial review of gaming machine limits should be extended to online gambling, the committee said. A consultation for the next review should begin before the end of 2020, with conclusions drawn and action taken by mid-2021. The proportion of the stake retained by the house should also be displayed clearly in all gambling premises and on igaming sites.Affordability checks, meanwhile, were considered “critical” to reducing gambling harm. This should not be left to the operators, it added; instead the Gambling Commission should set out minimum steps for operators to take when considering customer affordability.Sharing affordability data between operators would ensure these checks are effective. Mindful of the confines of the General Data Protection Regulation, the committee advised the Commission and the Department of Culture Media and Sport (DCMS) to agree a procedure with the Information Commissioner’s office to facilitate this. This would ensure that when a customer was flagged as spending beyond their means with one operator, others could take action.Oversight for the sector should also be strengthened, the report said. While it suggested the Gambling Commission had only begun to fully use its powers to update the Licensing Conditions and Codes of Practice (LCCP) following recent criticism, it nevertheless welcomed it doing so.This wasn’t entirely the Commission’s fault, with the committee flagging examples of DCMS ministers failing to act on the regulator’s advice on occasion. It was also suggested that it should use its enforcement powers more widely, tailoring fines and penalties to reflect the size of the operator as well as the seriousness of the offence.Repeat offenders, or in extreme circumstances, it should “demonstrate much greater willingness to exercise its power to withdraw an operator’s licence”.To reflect this wider focus on player protection rather than industry governance, it recommends the Gambling Act be amended to state that the Commission will not permit gambling unless doing so will be consistent with core licensing objectives. A further update to make the identification and prevention of potential and actual a driving aim of the regulator should also be added.To ensure the Commission is performing to a higher standard, the report recommended a triennial review of its activities to highlight potential changes to its constitution or regulations.  
 Acknowledging evidence from players that suggested the regulator was predominantly focused on governing the industry rather than looking after its customers, the committee proposed an independent gambling ombudsman service. This, it said, should be modelled on the Financial Ombudsman Service.Turning to advertising, the report concluded that gambling operators should no longer be permitted to advertise on the shirts of sports teams, and for no gambling advertising in or near any sports grounds or venues. However, rather than bringing this in immediately, it suggested the restrictions should not take effect for clubs below the Premier League before 2023.Exceptions should be made for horse and greyhound racing, it added.However, a blanket ban on advertising was not included, as recommended by the APPG report. Instead, inducements to gamble should be banned, and policed by both the Commission and Advertising Standards Authority. Only those that had voluntarily signed up to VIP schemes should be sent such communications.Regulatory oversight should in turn be extended to the affiliate marketing sector, through a licensing regime. This comes just days after trade group Responsible Affiliates in Gambling, one of the bodies to give evidence to the committee, called for a similar measure.To better protect children, the committee urged the government to immediately class loot boxes as a form of gambling, rather than waiting for the upcoming review of the Gambling Act to make such changes. Furthermore, the minimum age for playing the National Lottery should be raised from 16 to 18.The Lottery Duty currently imposed on the National Lottery should also be scrapped the committee added, arguing this amounted to a tax on charitable giving. This should instead be replaced by a gross profits tax. Email Addresslast_img read more

Neimeth International Pharmarcy Plc (NEIMET.ng) 2019 Abridged Report

first_imgNeimeth International Pharmaceutical Plc (NEIMET.ng) listed on the Nigerian Stock Exchange under the Pharmaceuticals sector has released it’s 2019 abridged results.For more information about Neimeth International Pharmaceutical Plc (NEIMET.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Neimeth International Pharmaceutical Plc (NEIMET.ng) company page on AfricanFinancials.Document: Neimeth International Pharmaceutical Plc (NEIMET.ng)  2019 abridged results.Company ProfileNeimeth International Pharmaceuticals Plc manufactures and markets a range of Pfizer pharmaceutical and animal health products in Nigeria. The company has one of the most modern pharmaceutical manufacturing plants in West Africa located in Oregun, Lagos. Products in its ethical range include the flagship product CIKLAVIT for the treatment of sickle disease; and Normoretic, Flexodene and Tiocosid. Products in its consumer range include well-known brands such as NCP, Pyrantin, Obron-6, Homtamin G and Pancemol. Products in its animal health care and veterinary range treatments for diseases in poultry and cattle. Neimeth International Pharmaceuticals has business interests in Ghana, Sierra Leone, Liberia and the Gambia. Its company head office is in Lagos, Nigeria. Neimeth International Pharmaceuticals Plc is listed on the Nigerian Stock Exchangelast_img read more

No savings at 40? I’d open an ISA and buy cheap UK shares today to get rich and retire early

first_img 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. Simply click below to discover how you can take advantage of this. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Our 6 ‘Best Buys Now’ Shares Peter Stephens | Monday, 9th November, 2020 Enter Your Email Address I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. “This Stock Could Be Like Buying Amazon in 1997” Image source: Getty Images See all posts by Peter Stephens Today may seem to be a risky time to open an ISA and buy cheap UK shares. After all, political and economic risks are at high levels. This could cause a period of high volatility for FTSE 100 and FTSE 250 shares.However, those risks mean that many high-quality companies trade at low prices. Investors may be able to obtain market-beating returns that improve their prospects of retiring early.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…As such, now could be the right time for an investor with a long time horizon, such as someone aged 40, to open an ISA and start buying a selection of British shares.  Opening a Stocks and Shares ISA to buy cheap UK sharesA Stocks and Shares ISA is a logical way to buy cheap UK shares. The main reason for this is that no tax is levied on any investments made within it. As such, no capital gains tax or dividend tax is paid by an ISA investor. Over time, this may lead to higher returns versus other accounts, such as a bog-standard share-dealing account, where tax is paid on gains and dividends above the annual allowances.Furthermore, an ISA provides an investor with a low-cost and flexible means of accessing the long-term return prospects of the FTSE 100 and FTSE 250. The annual administration charges of an ISA are often lower than those of other retirement accounts such as a SIPP. An ISA also allows withdrawals at any time without penalty. This may make them more attractive to someone who still has many years left until they wish to retire.Investing money after the stock market crashCheap UK shares could offer significant return prospects in the long run. Certainly, they face significant risks in the coming months. The ongoing coronavirus pandemic and Brexit are just two risks that could negatively impact on investor sentiment and FTSE 100 and FTSE 250 share prices. Alongside other threats, they could cause a fall in share prices in the short run.However, such risks could create opportunities for investors because they mean that today’s stock prices include margins of safety. For example, the FTSE 100 trades over 20% down on its 2020 starting price. Many of its incumbents have low valuations relative to their historic levels. This could signify that there is a large amount of capital appreciation potential on offer.Through buying a diverse range of cheap UK shares and holding them for the long run, an investor could build a surprisingly large ISA portfolio. For example, investing £500 per month from age 40 until age 65 at the FTSE 100’s historic annual return of 8% could produce a portfolio valued at £480,000. From this, an investor could draw a passive income so that they are able to retire prior to getting the State Pension. 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. No savings at 40? I’d open an ISA and buy cheap UK shares today to get rich and retire earlylast_img read more

1 FTSE 100 stock from my best stocks to buy now list

first_img I have, and regularly update, a list of what I consider are the best stocks to buy now. This is made up of stocks that reside across the FTSE index and beyond. Here is one of my picks from the FTSE 100 section of my list for 2021 and beyond.FTSE 100 best stocks to buy now #1Scottish Mortgage Investment Trust (LSE:SMT) has absolutely nothing to do with mortgages, nor is it limited to Scotland. It is a publicly traded investment trust that invests globally. It looks for strong businesses with above-average returns with no constraints as to geography, industry, or sector.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…2020 was a great year for SMT and I believe it could have an equally good 2021 if not better. The SMT share price increased by nearly 115% in 2020. It is currently trading close to 1250p per share as I write and its price is at an all-time high. SMT’s share price has increased over 270% over the past four years.Three reasons why I’m a fanThere are three key reasons why SMT is on my FTSE 100 best stocks to buy now list. Firstly, it is run by seasoned investment duo James Anderson and Tom Slater. The duo have been with Baillie Gifford, the Edinburgh-based asset manager behind the trust, for a long time. In simple terms, investors are paying for the wealth of experience these two bring to the table.Next, SMT has performed well over a long period, which I believe is a testament to the experienced team behind it. We all know that past performance doesn’t guarantee future performance. But I think it shows flexibility and adaptability in differing market conditions, which is reassuring and encouraging.Finally, SMT has an emphasis on technology stocks within its portfolio. I am an advocate of tech stocks. FTSE technology stocks have become defensive in recent times, especially in 2020 with the Covid-19 pandemic changing the way we live and work and communicate. Almost 10% of SMT’s portfolio is made up of Tesla, which is another of my best stocks to buy now away from the UK market. Other blue-chip technology stocks that are part of SMT’s portfolio include Amazon, Alibaba, Lyft Inc, Netflix, and more.Risk and rewardThere are risks involved in any investment, including SMT. Its share price is at an all-time high and may not move up further as market conditions potentially begin to normalise. In addition, SMT holds substantial amounts of shares in stocks that are considered to be in a ‘bubble.’ This means activity and performance can shoot upwards in the short-term but slow down and stagnate in the long term, so there is a risk of that too.SMT looks to add value over five-year time frames, preferably much longer. It has performed brilliantly in 2020 and I believe it will continue that trend in 2021 and beyond. I added it to my best stocks to buy now list for the reasons mentioned earlier and there are many positives to it. I believe investing into an investment trust protects my money as it spread across a diverse range of stocks. Away from investment trusts, here is another of my best stocks to buy now from the FTSE 100. Jabran Khan | Thursday, 28th January, 2021 | More on: SMT FREE REPORT: Why this £5 stock could be set to surge 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. Get the full details on this £5 stock now – while your report is free. 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. Simply click below to discover how you can take advantage of this. Image source: Getty Images center_img See all posts by Jabran Khan 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. Jabran Khan 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. Enter Your Email Address 1 FTSE 100 stock from my best stocks to buy now list Our 6 ‘Best Buys Now’ Shareslast_img read more

Ikea is getting into the refurbished business

first_img LEAVE A REPLY Cancel reply You have entered an incorrect email address! Please enter your email address here Ever try selling Ikea furniture on Craigslist?Then you’re probably familiar with those atrocious lowball offers (“Hey, I know you listed at $60 but would you do $5?”)Luckily, there may be relief on the way.Ikea will begin buying back its furniture in the UK and Ireland [but will the US be next?*]As part of a move to “help its customers take a stand against excessive consumption,” Ikea will exchange store vouchers for that Billy bookcase.Per Business Insider, here is Ikea’s proprietary algorithm for determining used furniture value:50% of original price for “new, without scratches”30% of original price for “well-used with several scratches”The plan launches on Black Friday (Nov. 27) and customers can kickstart the process by filling out an online form before taking their used furniture into a store.Some furniture items will be donated while others will be soldRefurbished gear selected for re-sale will end up at a store in the world’s first “recycles mall” — ReTuna in Eskilstuna, Sweden — where everything is recycled.The scheme is consistent with Ikea’s plan to be carbon positive by 2030. While second-hand furniture likely won’t be as lucrative as the $10B refurb electronics industry, Ikea is setting a sustainable standard.More importantly, we might start seeing fewer ulcer-inducing Craigslist offers.*According to The New York Times, an Ikea spokesperson said, “It is a country decision, and Ikea Retail U.S. will not participate in the buyback program. The U.S. is currently exploring ways to bring Buy Back to the country in the future.” The plan launches on Black Friday (Nov. 27)From The Hustle Share on Facebook Tweet on Twitter Save my name, email, and website in this browser for the next time I comment. Photo courtesy of The Hustle Support conservation and fish with NEW Florida specialty license plate Please enter your comment! The Anatomy of Fear Please enter your name here TAGSBlack FridayBuy BackFurnitureIkeaRecycle Previous articleThoughtful Christmas Presents for 2020Next articleOCPS stands out as a leader in arts education, senior director wins award Denise Connell RELATED ARTICLESMORE FROM AUTHOR Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 last_img read more

Gangs are making huge profits from cigarette smuggling

first_imgWhatsApp Twitter CONSIDERED the most lucrative form of organised criminal activity in the country, cigarette smuggling is on the increase. That is according to Retailers Against Smuggling, the representative group for Ireland’s tobacco retailers. Benny Gilsenan, made the claim after Revenue’s Customs officials seized over eight million cigarettes in an organised raid last week. The destination of the cigarettes is believed to have been criminal gangs and their linchpins operating in the Mid West and South of the country. Sign up for the weekly Limerick Post newsletter Sign Up The illegal cigarettes had a retail value of €3.1 million and a loss to the Exchequer of €2.5 million.The size of the seizure reinforces the scale of the cigarette smuggling problem in Ireland.“The size and value of the latest haul shows that cigarette smuggling is the most lucrative criminal activity for organised crime gangs,” said Mr Gilsenan.“There are huge profits to be made from cigarette smuggling and the reality is that if even if a smuggler gets caught, the fines they receive are minor. A criminal who makes millions of euro in profits isn’t going to think twice about getting a thousand euro fine.“We are particularly concerned that former drug dealers and dissident republicans are heavily involved in cigarette smuggling. The fact that a commercial vehicle from the North was seized as part of Customs’ operation suggests that there is a strong link to paramilitary groups.”Mr Gilsenan, who was involved in the establishment of the group in June 2009, also called on the public to be vigilant and not to buy illegal cigarettes on street corners or at markets as this supported organised crime. Facebook Advertisement NewsLocal NewsGangs are making huge profits from cigarette smugglingBy admin – September 20, 2011 650 center_img Print Email Linkedin Previous articleProperty crime on the upNext articleBlue September Ireland challenges Irish men to face up to cancer adminlast_img read more

Father-of-three loses life in mountain climbing tragedy

first_imgRELATED ARTICLESMORE FROM AUTHOR WhatsApp Advertisement Local backlash over Aer Lingus threat Linkedin Facebook NewsCommunityFather-of-three loses life in mountain climbing tragedyBy Staff Reporter – May 15, 2019 1167 Housing 37 Compulsory Purchase Orders issued as council takes action on derelict sites Shannon Airport braced for a devastating blow TechPost | Episode 9 | Pay with Google, WAZE – the new Google Maps? and Speak don’t Type! center_img Print A SISTER of the Limerick man who died climbing Carrauntoohil in Co Kerry last weekend has paid tribute to the “hero” father-of-three.Miriam Duffy said her family trying to come to terms with the tragic death of Ger Duffy (59) who lost his life on Ireland’s highest mountain last Saturday.Sign up for the weekly Limerick Post newsletter Sign Up An experienced mountain climber, Mr Duffy was accompanied by a male friend at the time of the accident. A native of St Joseph Street in Limerick city, he was living in Clonlara.“We believe he was making his way up the mountain, and as he gripped something it crumbled in his hand and he fell,” Ms Duffy added.A major search and recovery operation took place over serval hours last Saturday, which involved Kerry Mountain Rescue Team and the Shannon-based Coast Guard Rescue Helicopter 116.Ms Duffy thanked all those who helped recover her brother’s body.A post mortem was conducted at Tralee General Hospital and Mr Duffy’s body was later taken to his home in Clonlara for his wake on Tuesday.Mr Duffy was also passionate about motorbikes which fitted in well with his “love” of the “outdoors”.“He was such a kind guy and he would have helped anybody that ever needed it,” said Ms Duffy, who is well known in her role as Director of Rape Crisis Midwest.“He was only in Cambodia a few weeks ago, on a motorbike tour, and he was up a mountain in Wales a few weeks before that. He loved the outdoors life. He was very fit, and he lived his life to the fullest,” she said.“He was the best brother you could ever wish for. His wife Carmel – and his children Siobhan (24), Aisling (22), and Gavin (18) – who were his pride and joy – idolised him.”Ms Duffy fondly recalled how Ger had “delivered” his daughter Aishling as he and his wife were making their way to the Limerick’s maternity hospital.“Ger and Carmel were on their way to the maternity hospital, and as they were crossing Thomond Bridge there was a shout from Carmel to ‘stop the car’. Ger delivered Aisling himself there on the bridge. He certainly was a hero, in every sense of the word.”Family friend and Fine Gael Senator, Maria Byrnes, offering her sympathies to the Duffy family, said Mr Duffy was “a gentleman” who had been “taken too young”.Mayor of Clare Michael Begley also paid a personal tribute as “a neighbour, a friend, and as mayor of Clare”.“I’d like to express my sympathies to the Duffy family, and their relatives in the extended parish. It’s a terrible tragedy,” Mr Begley added.Some of Mr Duffy’s friends in the biker community posted tributes online.One wrote: “Tragic news..a lovely gentleman..devastating loss for everyone who knew him.”by David [email protected] Email Is Aer Lingus taking flight from Shannon? Previous article2019 GAA Predictions from the Sporting Limerick teamNext articleLimerick walks from Darkness Into Light Staff Reporterhttp://www.limerickpost.ie TAGSCommunityLimerick City and CountyNewsRIP Twitter Limerick on Covid watch list last_img read more

Town Centre broadband row is resolved, but rural areas are still waiting

first_img 365 additional cases of Covid-19 in Republic Town Centre broadband row is resolved, but rural areas are still waiting Main Evening News, Sport and Obituaries Tuesday May 25th Facebook Twitter Google+ Pinterest By admin – August 19, 2015 Facebook Further drop in people receiving PUP in Donegal Homepage BannerNews RELATED ARTICLESMORE FROM AUTHORcenter_img Pinterest Twitter Previous articleLYIT hosts Open Days in Letterkenny and Killybegs as students consider CAO offersNext articleCathedral Quarter committee want to unveil mosaic on Culture Night admin WhatsApp Google+ WhatsApp Man arrested on suspicion of drugs and criminal property offences in Derry Eircom has now been given the go-ahead to carry out works to make fibre broadband readily available.Protracted negotiations between the telecom providers and COMREG has stalled the roll out of the service high speed broadband to customers in Donegal’s town centres.But now an agreement has been reached allowing Eircom make fibre broadband more widely available.Deputy Charlie McConologue says Eircom’s Fibre broadband roll out must be prioritised in towns and villages across Donegal, but is stressing over half the population of the county s still not covered…….Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/08/charlibb.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. 75 positive cases of Covid confirmed in North Gardai continue to investigate Kilmacrennan firelast_img read more

Acquittal Of Rape Accused After 20 Yrs In Jail: NHRC Calls For Report From UP Govt. On Rehabilitation & Action Taken Against Erring Officials

first_imgNews UpdatesAcquittal Of Rape Accused After 20 Yrs In Jail: NHRC Calls For Report From UP Govt. On Rehabilitation & Action Taken Against Erring Officials Sparsh Upadhyay5 March 2021 3:51 AMShare This – xIn many such cases, there may be prisoners older than 75 years of age dying in the jails, which clearly depicts the ineffectiveness of the Sentence Review Board. The Commission media report has observed that the contents thereof, if true, amount to violation of human rights of the victim: NHRCThe National Human Rights Commission, NHRC, India has taken suo-motu cognizance of the acquittal of a man in a rape case, twenty years after his conviction and has has observed that it seems to be a case of non-application of the Section 433 Cr PC. Significantly, this case is about a 23-year-old man (now 43), who was sentenced to life imprisonment by a trial court in a rape case…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe National Human Rights Commission, NHRC, India has taken suo-motu cognizance of the acquittal of a man in a rape case, twenty years after his conviction and has has observed that it seems to be a case of non-application of the Section 433 Cr PC. Significantly, this case is about a 23-year-old man (now 43), who was sentenced to life imprisonment by a trial court in a rape case and who has now been declared innocent by the Allahabad High Court after twenty years. It is important to note that the Allahabad High Court, in January 2021, came to his rescue, after he suffered 20 years of incarceration in connection with a false rape case filed against him by a woman owing to an alleged land dispute. During this period, every member of his family had died. His conduct in the jail was always found good, but his application for furlough was not allowed to attend the cremation of his father. He was not even allowed to attend his brother’s funeral. Section 433 of CrPC It may be noted that as per Section 433 CrPC, the Government can commute a sentence (of death, Life Imprisonment, rigorous imprisonment or simple imprisonment). Under this provision, the Sentence Review Board, under the law needs to reconsider review of the sentence awarded by the court, with a view to commuting the sentence. In this backdrop, the NHRC has stated, “In many such cases there may be prisoners older than 75 years of age dying in the jails, which clearly depicts ineffectiveness of the Sentence Review Board. The Commission media report has observed that the contents thereof, if true, amount to violation of human rights of the victim.” Accordingly, the NHRC has issued notices to the Chief Secretary and Director General of Police, Uttar Pradesh calling for a detailed report in the matter. Further, it has been directed that the report must include:- The action taken against the public servants responsible in this case,Steps taken for the relief and rehabilitation of the victim to compensate up to some extent for the trauma, mental agony and social stigma he has suffered during these years. The response is expected within 6 weeks. About the case in brief The man was accused of rape, criminal intimidation and sexual exploitation of a woman belonging to Scheduled Caste in 1999, and during the trial of the case by a lower court in Lalitpur District, he was found guilty. In the year 2003, he was moved to Agra Central Jail where his conduct was always good. In the year 2005, he decided to challenge the verdict of the lower court and approached the High Court. After completing a period of fourteen years, the victim moved Mercy Plea and the prison authorities stepped in. The State Legal Services Authorities helped him in preferring an appeal in the High Court and on 28.01.2021, a Division Bench of the Allahabad High Court declared him, not guilty. The High Court in its Judgment, observed that the FIR in the matter was lodged three days late and there were no injuries on the private parts of the woman, who was said to have been thrashed. There was motive on the part of the complainant as there was a land dispute between the parties, and the FIR was also lodged by the husband and father-in-law of the alleged victim and not by her. The High Court also stated in its order that in view of the facts and the evidence on record, it is apparent that the accused had been convicted wrongly hence, the trial court’s judgment and the impugned order is reversed and the accused is acquitted. Click Here To Download NHRC StatementRead StatementSubscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more