Yash Birla named ‘wilful defaulter’ by UCO Bank

Notifying Yashovardhan Birla as a wilful defaulter, Kolkata-based lender UCO Bank said the company had a credit limit of Rs 100 crore, of which Rs 67 crore plus interest was due. The loan was classified as a non-performing asset in 2013. Although the group has more than a dozen companies, most of the businesses are … Read moreYash Birla named ‘wilful defaulter’ by UCO Bank

How Much of Your "Wealth" Is Hostage to Bubbles and Impossible Promises?

All asset “wealth” in credit-asset bubble dependent economies is contingent and ephemeral. A funny thing happens to “wealth” in a bubble economy: it only remains “wealth” if the owner sells at the top of the bubble and invests the proceeds in an asset which isn’t losing purchasing power. Transferring “wealth” to another asset bubble that is … Read moreHow Much of Your "Wealth" Is Hostage to Bubbles and Impossible Promises?

Sensex drops over 150 points; Nifty below 11,800

Domestic equity benchmark BSE sensex fell over 150 points and the NSE Nifty slipped below the 11,800 mark in early trade on Monday tracking dragged down by losses in index heavyweight RIL, ITC and HDFC stocks. The 30-share index was trading 175.29 points, or 0.44 per cent, lower at 39,276.78 at 0930 hours. The broader … Read moreSensex drops over 150 points; Nifty below 11,800

Justice Department Reaches Settlement with Five Additional Broadcast Television Companies, Including One National Sales Representative Firm, In Ongoing Information Sharing Investigation

“The Antitrust Division’s efforts to protect competition in the television broadcast industry continue with today’s settlements that will stop the unlawful exchange of competitively sensitive information among rival broadcasters and their sales rep firms,” said Assistant Attorney General Makan Delrahim of the Department of Justice’s Antitrust Division. “Vigorous competition among broadcast stations allows American businesses … Read moreJustice Department Reaches Settlement with Five Additional Broadcast Television Companies, Including One National Sales Representative Firm, In Ongoing Information Sharing Investigation

Libyan National Found Guilty of Terrorism Charges in 2012 Attack on U.S. Facilities in Benghazi

Mustafa al-Imam, a Libyan national approximately 48 years old, was found guilty of terrorism charges for his participation in the Sept. 11, 2012, attack on the U.S. Special Mission and Annex in Benghazi, Libya. Ambassador J. Christopher Stevens and U.S. government personnel Sean Smith, Tyrone Woods and Glen Doherty died in the attack at the … Read moreLibyan National Found Guilty of Terrorism Charges in 2012 Attack on U.S. Facilities in Benghazi

Attorney General William P. Barr Appoints Katharine Sullivan to be Principal Deputy Assistant Attorney General for the Office of Justice Programs and Announces that Laura L. Rogers Will Serve as the Acting Director of the Office on Violence Against Women

WASHINGTON – Attorney General William P. Barr today announced that he has appointed Katharine Sullivan to serve as the Principal Deputy Assistant Attorney General for the Justice Department’s Office of Justice Programs and that Laura L. Rogers will serve as the Acting Director of the Office on Violence Against Women (OVW). Please follow and like … Read moreAttorney General William P. Barr Appoints Katharine Sullivan to be Principal Deputy Assistant Attorney General for the Office of Justice Programs and Announces that Laura L. Rogers Will Serve as the Acting Director of the Office on Violence Against Women

Deputy Attorney General Jeffrey A. Rosen Delivers Remarks to the National Sheriffs’ Association

Thank you, John, for that kind introduction and thank you for your leadership as president of the National Sheriffs’ Association, which is one of the oldest and most respected law enforcement organizations in America. I want to congratulate Sheriff Layton for four years of service in Indianapolis and for a job well done over the … Read moreDeputy Attorney General Jeffrey A. Rosen Delivers Remarks to the National Sheriffs’ Association

Monthly average losses to NBN scams almost triple in 2019

Australians are losing more money to NBN scams, with reported losses in 2019 already higher than the total of last year’s losses, according to the ACCC. Consumers lost an average of more than $110,000 each month between January and May this year, compared with around $38,500 in monthly average losses throughout 2018 – an increase … Read moreMonthly average losses to NBN scams almost triple in 2019

ANZ NZ CEO Quits

ANZ NZ says David Hisco, its CEO of almost 9 years, is leaving due to ‘ongoing health issues’ and ‘the characterisation of certain transactions following an internal review of personal expenses’ This follows the Reserve Banks’ censure of their operations, as we reported recently. According to a report in interest.co.nz, ANZ NZ is comfortably New … Read moreANZ NZ CEO Quits

Builder pulled up for not passing GST gain to buyers

Nearly two years after the launch of GST, several builders have not passed on the benefit of credits earned for taxes paid on inputs such as steel, cement and paint, arguing that the amount will be settled at the time of delivery. Now, the National Anti-Profiteering Authority has held that homebuyers cannot endlessly wait to … Read moreBuilder pulled up for not passing GST gain to buyers

Canada’s Soft Home Price Landing?

On 14 June, the Canadian Real Estate Association (CREA) reported that May home sales rose 1.9% nationally from April, says Moody’s. The report confirms other recent data suggesting that macro-prudential measures the Canadian government has taken to cool extreme houseprice appreciation over the past five years have been successful in engineering a “soft landing,” easing … Read moreCanada’s Soft Home Price Landing?

Govt tightens noose around tax defaulters

Tightening noose around several categories of tax defaulters, like those who stash black money offshore, will not be able to compound their offences (a process of paying a stiff compounding fee in lieu of prosecution). On Friday, Central Board of Direct Taxes issued revised guidelines on ‘Compounding of offences under the direct tax laws’ in … Read moreGovt tightens noose around tax defaulters

India hits back with retaliatory tariffs on US goods

New Delhi, June 15 (IANS) Hitting back at the Trump administration for withdrawing trade privileges for certain Indian goods, the Indian government on Saturday raised custom duty on various items, including walnut and apples, exported from the US. In a late evening notification, the Union Finance Ministry said the decision was taken in public interest.  The … Read moreIndia hits back with retaliatory tariffs on US goods

‘Summer of Chaos’ Predicted After More Migrants Intercepted in Channel

published 2019-06-16 12:52:36 by Victoria Friedman More boat migrants have been intercepted in the English Channel in the first six months of 2019 than in the whole of last year. The number of illegal migrants intercepted by authorities at Britain’s sea ports has risen to 511, with 152 of those arriving since the start of … Read more‘Summer of Chaos’ Predicted After More Migrants Intercepted in Channel

Boeing says will take time to win back confidence

The head of Boeing Co said on Sunday the US planemaker had made a mistake in implementing a cockpit warning system on the 737 MAX and predicted it would take time to rebuild the confidence of customers in the wake of two fatal crashes. Chairman and chief executive Dennis Muilenburg said Boeing failed to communicate … Read moreBoeing says will take time to win back confidence

Women Use Survival Sex to Avoid Rough Sleeping in the UK

Students, homeless people and those battling for welfare payments are exchanging their bodies for basics like laundry or even for somewhere to sleep at night. There is emerging evidence that cash strapped students are increasingly selling their bodies to get … Continue reading → The post Women Use Survival Sex to Avoid Rough Sleeping in … Read moreWomen Use Survival Sex to Avoid Rough Sleeping in the UK

Four members of Indian-American family found dead inside their home

NRI Pulse Staff Report Atlanta, GA, June 16, 2019: Four members of an Indian-American family were found dead inside their home, apparently of gunshot wounds. Chandrasekhar Sunkara 44, Lavanya Sunkara 41, and children aged 15 and 10 were pronounced dead at the scene. Police say other family members, two adults and two children, were staying … Read moreFour members of Indian-American family found dead inside their home

Pak fails to fulfil 25 of 27 FATF points, downgrading by IMF, World Bank to continue

The Paris-headquartered Financial Action Task Force has asked Pakistan to explain whether it has launched any investigation into the USD seven million allocated to maintain schools, madrasas, clinics and ambulances originally operated by terror groups like Lashkar-e-Taiba, Jaish-e-Mohammad, and LeT fronts Jamat-ud-Dawah and Falah-e-Insaniat Foundation. Please follow and like us: