Noah’s Ark Children’s Hospice, RNLI & Greenpeace UK among 2020 National Fundraising Award winners

first_img Tagged with: Awards Institute of Fundraising About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis1 Fundraising organisationsCharity-Business Partnership of the Year: Age UK & CadburyThe #ChangeCollective Award: Youth Sport TrustThe Social Purpose Award: IKEAMost Committed Company to the Sector: Open Creates Noah’s Ark Children’s Hospice has won this year’s National Fundraising Award’s Fundraising Campaign of the Year, with Macmillan, RNLI, UNICEF UK and Greenpeace UK also among the 2020 winners.The award ceremony usually takes place during July’s annual Fundraising Convention. However, due to the coronavirus pandemic, the Chartered Institute of Fundraising, like many other organisations, has had to change its plans for the event.The Fundraising Convention is now taking place online in July, while the award winners were announced on 29 May on Twitter.In full, the winners are:Individual categoriesYoung Fundraiser of the Year: Ibrahim YousafVolunteer Fundraiser of the Year: Rachel Clark – We Hear YouRising Star: Naomi Tomlinson – Suzy Lamplugh TrustFundraiser of the Year: Eddie Taylor – Alive & Kicking Melanie May | 8 June 2020 | Newscenter_img  242 total views,  2 views today  243 total views,  3 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis1 Fundraising campaignsBest Supporter Experience: British Red Cross – Online Regular Givers Journey RedesignIndividual Giving Campaign of the Year: RNLI – Perfect StormLegacy Campaign of the Year: Macmillan Cancer Support – Macmillan Free Will ServiceFundraising Campaign of the Year: Noah’s Ark Children’s Hospice – Building the ArkRegional Campaign of the Year: Caring in Bristol – Making Homelessness History in BristolFundraising Event of the Year: Greenpeace UK – Major Gifts: Protecting the OceansInnovations in Fundraising: UNICEF UK – Paddington’s Postcards Noah’s Ark Children’s Hospice, RNLI & Greenpeace UK among 2020 National Fundraising Award winnerslast_img read more

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NFL in crisis over brain and other injuries

first_imgAaron HernandezWhen autopsy findings were released Nov. 9, the cause of death of 27-year-old Aaron Hernandez, a National Football League player with the New England Patriots, confirmed an earlier September diagnosis. The multitalented Puerto Rican tight end was found hanging in his cell earlier this year while serving a life sentence for a 2013 murder conviction.Medical examiners discovered that Hernandez had suffered from stage 3 chronic traumatic encephalopathy, more commonly known as CTE. Stage 4 is the most acute stage of this degenerative brain disease caused by constant trauma.CTE has developed into a deepening crisis for players exposed to the violent physical game of football, especially helmet-to-helmet direct hits to the head or hitting their heads after being tackled on the playing field. The result of these ongoing hits is concussion. These hits are happening at such a rapid rate that established protocols for early diagnoses of concussions are being ignored.Boston University neuropathologist Dr. Ann McKee, along with her team, have examined more than 100 brains of deceased former NFL players, including Hernandez’s. She stated, “This is the first case that we’ve seen that kind of damage in such a young individual.” She said Hernandez’s brain resembled someone typically 20 years older with the same disease. (CNN, Nov. 10)CTE can severely impair areas of the brain that help control judgment, emotions and memory. These symptoms most resemble dementia and Alzheimer’s disease. While Her­nandez only played for two years in the NFL, he also played high school and college football.Since CTE can only be diagnosed posthumously, a number of notable NFL players — such as Junior Seau, 43, who spent most of his celebrated career as a linebacker with the San Diego Chargers, and former Chicago Bears safety Dave Duerson, 50 — tragically committed suicide and left evidence that it was in order to donate their brains to CTE research.Brain injuries can start earlyUp until 2016, the NFL hierarchy denied or downplayed the impact of head trauma on players in an attempt to not be responsible for providing health care to former players suffering from this incurable disease. But the NFL was ultimately forced to provide upwards of $5 million for each of these players’ health care — small potatoes for the ­multibillion-dollar league.CTE not only affects professional football players. In August, a study by the Journal of the American Medical Association showed that an alarming and growing number of high school and college players are showing signs of CTE. The disease was found in the brains of three out of 14 high school players (21 percent) and 48 out of 53 college players (91 percent).These startling numbers indicate that this kind of head trauma can begin as early as elementary school, when many young boys start playing football. There is a growing chorus of critics who are characterizing the violent nature of football as child abuse and calling for its total abolition.Alarming number of NFL injuriesAlong with the devastating potential of more CTE cases is the avalanche of season-ending injuries halfway through the 2017 NFL season. It is already a well-known fact that the NFL has the shortest playing span — an average of three to four years — out of the four major professional sports (the other three are baseball, basketball and hockey).Injuries are nothing new in the NFL, but there has been much more public attention directed to them due to injuries to high-profile players like Aaron Rodgers, DeShaun Watson, Richard Sherman and J.J. Watts, to name a few.Normally, teams play on Sunday for five months, with each team getting only a two-week break. But there are also games on Thursday and Monday nights during the regular season. Sometimes teams play on a Sunday and four days later on Thursday.This is hardly enough time to allow a starting player’s body to “recover” from hard tackling and traumatic hits between games, and it also makes players even more vulnerable to injuries. During a Thursday night game on Nov. 9, six players from the former Super Bowl champion Seattle Seahawks team were injured, including Sherman, an all-pro defensive player who ruptured his Achilles tendon.A growing number of players are demanding that Thursday football games be eliminated altogether. Sherman’s teammate, Doug Baldwin, stated: “Thursday Night Football should be illegal. This shit should be illegal. It is not OK. It’s not OK. You can quote me on that.” (sbnation.com, Nov. 10)Put players before profits!Life-threatening and season-ending injuries to players are not a top priority to billionaire and multimillionaire owners. Along with the NFL hierarchy, starting with NFL commissioner Roger Goodell, their main goal is lucrative TV revenue profits.In 2016, 32 NFL teams split an estimated $7.8 billion from this revenue, which also includes leaguewide sponsorships, licensing and merchandise sales. This is an increase of 10 percent compared to 2015, according to Bloomberg News.Putting aside the multimillion-dollar contracts of a handful of players, the average annual salary of an NFL player is less than $2 million. The last thing the owners want to do is pay for health care for the players, who they view as expendable gladiators — especially if they retire with debilitating injuries.Goodell, on the other hand, is seeking an extension of his own contract from the owners until 2024: a salary increase from $30 million to $49.5 million, the use of a private jet for life and lifetime health insurance for his family.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

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Appeal court upholds suspended prison sentence for newspaper editor

first_img News News April 28, 2021 Find out more NSO Group hasn’t kept its promises on human rights, RSF and other NGOs say Follow the news on Morocco / Western Sahara Reporters Without Borders today condemned a Casablanca appeal court ruling on 9 May upholding a suspended sentence of a year in prison and a fine of 100,000 dirhams (9,000 euros) for Driss Chahtane, the editor of the Arabic-language weekly Al Michaâl, for allegedly libelling Algerian President Abdelaziz Bouteflika.The sentence is yet another reminder of the need to decriminalize press offences, Reporters Without Borders said. Chahtane was convicted under article 52 of the Moroccan press code of “offence against a head of state.”Al Michaâl published a statement yesterday criticising the conduct of the trial. “The verdict took no account of the many complaints by the defence about flagrant procedural irregularities, above all the refusal to submit the Algerian president’s supposed petition.”The newspaper’s lawyers refused to address the court during the final hearing and staged a walk-out protesting that “the conditions of a fair trial and respect for the right of defence are not guaranteed.”The case was about a cartoon of the Algerian president published in the weekly’s 31 May – 6 June 2005 issue together with a satirical article about his private life, which he reportedly considered to be libellous. Chahtane was questioned at length by the Casablanca police and then by a Casablanca prosecutor on 5 June 2005. Receive email alerts Hunger strike is last resort for some imprisoned Moroccan journalists Organisation Morocco / Western SaharaMiddle East – North Africa RSF_en center_img RSF joins Middle East and North Africa coalition to combat digital surveillance News to go further Morocco / Western SaharaMiddle East – North Africa June 8, 2021 Find out more Help by sharing this information News April 15, 2021 Find out more May 11, 2006 – Updated on January 20, 2016 Appeal court upholds suspended prison sentence for newspaper editorlast_img read more

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Assaults on journalists rise as two attacked in South

first_img IraqMiddle East – North Africa February 15, 2021 Find out more Follow the news on Iraq Three jailed reporters charged with “undermining national security” Iraq : Wave of arrests of journalists covering protests in Iraqi Kurdistan RSF_en December 28, 2020 Find out more Help by sharing this information Organisation News to go furthercenter_img News December 16, 2020 Find out more News News RSF’s 2020 Round-up: 50 journalists killed, two-thirds in countries “at peace” IraqMiddle East – North Africa Receive email alerts Reporters Without Borders today condemned a growing number of physical attacks on Iraqi journalists while trying to do their job. It has recorded more than 20 such cases since the start of 2008.Two journalists were recently assaulted in Basra, southern Iraq, one by soldiers and the other by a minister’s security guard.“Assaults are constantly escalating in Iraq. Journalists are working in a climate of insecurity that worsens all the time,” the worldwide press freedom organisation said. “This brutality perpetrated by soldiers or over-zealous body guards, comes on top of the risks of murder and kidnapping journalists have had to face for the past five years.”Iraqi soldiers seized and beat Issam al-Sudani, a photographer working for Agence France-Presse on 10 May after he took shots of bomb damage in the al-Hakimiya district of Basra. He told them he had received advance permission from the local police chief. He said that one officer tried to strangle him, accusing him of “supporting the terrorists”.The following day, a journalist working for Radio Sawa, Safa al-Issa, was beaten up by a minister’s guard when he tried to cover the closing ceremony of a poetry festival in Basra. “They wouldn’t let me in, saying there was no room. I showed them my press card but in vain. They pushed me into another room and brutally beat me. They also threatened to put a plastic bag over my head”, the journalist said. May 14, 2008 – Updated on January 20, 2016 Assaults on journalists rise as two attacked in Southlast_img read more

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Editor released but cable TV operator closed in Jalalabad

first_img Situation getting more critical for Afghan women journalists, report says AfghanistanAsia – Pacific June 2, 2021 Find out more May 3, 2021 Find out more Follow the news on Afghanistan Afghanistan : “No just and lasting peace in Afghanistan without guarantees for press freedom” Abdul Ghafur Aiteqad, publisher of the privately-owned weekly Farda (Tomorrow), was freed on 23 December after President Karzai returned to Kabul. He had been held for four days in a small cell with eight common law prisoners. The shutdown by security police in Jalalabad of that city’s only cable TV operator, on the orders of the conservative Supreme Court, has been confirmed.___________________________________________________________20.12.02Reporters Without Borders (Reporters Sans Frontières) expressed its grave concern today about this week’s ban by the Afghan Supreme Court on foreign TV broadcasts by the city of Jalalabad’s only cable company and the arrest of an editor who published a cartoon of President Hamid Karzai.”Simply saying one supports press freedom does not guarantee it,” said Reporters Without Borders secretary-general Robert Ménard in a letter to information and culture minister Sayeed Makhdom Raheen. “We ask you to see that the editor is released and that the cable TV company can operate freely. We do not understand how a cartoon of the president and the showing foreign films undermine national security.”The Supreme Court, which is controlled by conservatives close to the fundamentalist Jamat-e-Islami party, ordered the authorities in the eastern city of Jalalabad on 18 December to stop the local Afghan Cable TV company from relaying foreign stations, especially Indian ones, which it said broadcast programmes that were “contrary to Afghan customs.” Provincial officials, notably police chief Ajab Shah, has reportedly since closed down the cable operation.Anonymous leaflets have circulated in the city in recent weeks calling for the company’s shutdown. Its director, Muhammad Humayan, told a Reporters Without Borders representative in October that the firm had already connected 600 households in the city after getting permission to operate. But he said he exercised self-censorship by not relaying stations with vulgar or obscene material. RSF_en March 11, 2021 Find out more Abdul Ghafur Aiteqad, editor of the privately-owned weekly Farda (Tomorrow), was arrested on 19 December at his office in Kabul after publishing a cartoon on 15 December showing President Karzai playing a harmonium and singing “Reconstruction! Reconstruction!” before a group of Westerners who were dancing and brandishing dollar bills. The UN representative in Afghanistan, Lakhdar Brahimi, was shown at the microphone saying: “Soon we’ll have another World Bank money-borrowing ceremony-but with interest to pay.” The editor’s arrest was reportedly ordered by defence minister Marshal Mohamed Fahim.Farda is one of 130 privately-owned publications that have sprung up in Kabul since the Taliban regime collapsed. Reporters Without Borders issued a report in October called “Press freedom a year after the fall of the Taliban.” to go further Organisation News News News Receive email alerts AfghanistanAsia – Pacific Help by sharing this information December 20, 2002 – Updated on January 20, 2016 Editor released but cable TV operator closed in Jalalabad News RSF asks International Criminal Court to investigate murders of journalists in Afghanistanlast_img read more

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Authorities urged to defend media freedom with more energy

first_img Ukraine escalates “information war” by banning three pro-Kremlin media Help by sharing this information News UkraineEurope – Central Asia RSF_en Reporters Without Borders completed a three-day fact-finding visit to Ukraine today in response to a marked increase in press freedom violations during the first half of 2010, which had ended the tendency of the past few years for the situation to improve.During the visit, Reporters Without Borders met with representatives of national and regional news media, press freedom organisations, ruling party and opposition parliamentarians and government officials.The press freedom organisation’s initial findings support its concerns about the overall climate in which journalist work. It is worried about cases of physical attacks and harassment (such as those involving Serhy Andrushko of STB and Serhy Kutrakov of Novyi Kanal) especially when those responsible are not prosecuted. This impunity could be seen by officials as a signal that they can treat journalists as they see fit.The editorial independence of the broadcast media appears to be at the heart of media freedom in Ukraine. A lot is at stake as the public gets most of its news from radio and TV. The creation of a significant public broadcasting group that is free of government control is vital for media pluralism. The independence of the media regulatory authorities also appears to be essential for ensuring that the news media continue to be independent.Several cases of censorship of different kinds have been brought to our attention. In some cases, the source of the censorship was the management of the news media, so it can be regarded as self-censorship. But in several other cases, direct intervention by political authorities was suspected.The allocation of TV broadcast frequencies and, in particular, the danger that TVi and 5 Kanal could lose the frequencies they were allocated in January, appears in the current context to be a form of political pressure.Reporters Without Borders would finally like to draw the difficulties of the regional and local press to the attention of the authorities, even if they are not solely to blame. Provincial media and journalists are exposed to a great deal of pressure and are rarely in a position to defy officials who often combine political and economic power (as in the case of Avtor-TV in the eastern city of Dniprodzerzhynsk).Reporters Without Borders stands ready to meet with the Ukrainian authorities including the president. It would be willing to return to Ukraine at any time to talk to senior government figures and any other officials who are involved in the issue of press freedom.Meanwhile, Reporters Without Borders would like to make the following initial recommendations to the authorities:- Deal with flagrant violations of the freedom of the media and journalists with all the necessary rigour and thoroughness. In particular, ensure that those responsible for physical attacks on journalists are prosecuted.- Make sure that state agents implement all the legal provisions concerning press freedom and, in particular, article 171 of the criminal code.- Ensure that a public broadcasting group is created that is independent of the government.- Ensure that the system of allocating broadcast frequencies is transparent and that, in the case of TVi and 5 Kanal, the next hearing is open to the public.- Guarantee the independence of the broadcast media regulatory authorities, paying particular attention to their composition and the way their members are appointed.- Ensure free and rapid access to public information, both for journalists and ordinary citizens.- Guarantee the transparency of the investigation into Georgyi Gongadze’s murder and ensure that the upcoming trial is an open one. News News Organisation UkraineEurope – Central Asia Newscenter_img Follow the news on Ukraine Crimean journalist “confesses” to spying for Ukraine on Russian TV February 26, 2021 Find out more March 26, 2021 Find out more July 21, 2010 – Updated on January 20, 2016 Authorities urged to defend media freedom with more energy Receive email alerts to go further Ukrainian media group harassed by broadcasting authority September 7, 2020 Find out morelast_img read more

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Four Limerick schools get funding

first_imgEmail Jan O’Sullivan, the Limerick minister who will be involved in the launch of the new energuy initiative “Let’s Conserve Energy Together Better.” Advertisement FOUR Limerick schools will get funding to either build from scratch or improve their schools as part of a €2.2 billion plan.Sign up for the weekly Limerick Post newsletter Sign Up  The Minister for Education and Skills, Jan O’Sullivan, announced the 70 school projects nationally which are scheduled for construction in 2015.iIn Limerick, Coláste Iosaf in Kilmallock will get an extension, Coláiste Chiarain in Croom will get a new post-primary, Scoil Mocheallóg in Kilmallack is in line for a replacement primary school and Galvone National School in Southill wil also get a replacement school. Previous articleDinner is served for Limerick’s needy this ChristmasNext articleLimerick councillor Tom’s school of hard knocks Bernie Englishhttp://www.limerickpost.ieBernie English has been working as a journalist in national and local media for more than thirty years. She worked as a staff journalist with the Irish Press and Evening Press before moving to Clare. She has worked as a freelance for all of the national newspaper titles and a staff journalist in Limerick, helping to launch the Limerick edition of The Evening Echo. Bernie was involved in the launch of The Clare People where she was responsible for business and industry news. Facebook Limerick Ladies National Football League opener to be streamed live WhatsApp Vanishing Ireland podcast documenting interviews with people over 70’s, looking for volunteers to share their stories Predictions on the future of learning discussed at Limerick Lifelong Learning Festival Linkedin Limerick’s National Camogie League double header to be streamed live TAGSfeaturedJan O’SullivanlimerickMinisterschools Print NewsBreaking newsFour Limerick schools get fundingBy Bernie English – December 18, 2014 751 Limerick Artist ‘Willzee’ releases new Music Video – “A Dream of Peace” Twitter WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads RELATED ARTICLESMORE FROM AUTHORlast_img read more

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Virios Therapeutics to Present at the BIO CEO & Investor Conference

first_img Pinterest Twitter Local NewsBusiness Virios Therapeutics to Present at the BIO CEO & Investor Conference WhatsApp Facebook Pinterest ATLANTA–(BUSINESS WIRE)–Jan 28, 2021– Virios Therapeutics, Inc. (Nasdaq: VIRI), a biotechnology company focused on advancing novel antiviral therapies to treat diseases associated with a viral triggered abnormal immune response, announced today that Greg Duncan, Chairman and Chief Executive Officer, will present a company overview at the virtual 2021 BIO CEO & Investor Conference to be held from February 16-18, 2021. The presentation will focus on the need for new approaches to treat fibromyalgia (“FM”), the novel antiviral approach being pursued by Virios, and the potential of IMC-1 as an FM treatment, based on positive results from a Phase 2 proof of concept clinical trial. Management will be available to participate in one-on-one meetings with qualified members of the investor community who are registered to attend the conference. A link to the presentation will be available for on-demand access beginning Tuesday, February 16, 2021, on Virios Therapeutics’ website under the Investors section: Events and Presentations. About Virios Therapeutics Virios Therapeutics is a development-stage biotechnology company focused on advancing novel antiviral therapies to treat diseases associated with a viral triggered abnormal immune response, such as fibromyalgia (“FM”). Overactive immune response related to activation of tissue resident Herpes Simplex Virus-1 (“HSV-1”) has been postulated to be a potential root cause of chronic illnesses such as FM, irritable bowel disease (“IBS”), chronic fatigue syndrome and functional somatic syndrome, all of which are characterized by a waxing and waning manifestation of disease. While not completely understood, there is general agreement in the medical community that activation of HSV-1 is triggered by some form of environmental and/or health stressor. Our lead development candidate (“IMC-1”), is a novel, proprietary, fixed dose combination of famciclovir and celecoxib. IMC-1 represents a novel combination antiviral therapy designed to synergistically suppress HSV-1 activation and replication, with the end goal of reducing viral mediated disease burden. Forward-Looking Statements Statements in this press release contain “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Virios Therapeutics’ current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the final prospectus related to the public offering filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Virios Therapeutics, Inc. undertakes no duty to update such information except as required under applicable law. View source version on businesswire.com:https://www.businesswire.com/news/home/20210128005680/en/ CONTACT: Jenny Kobin [email protected] KEYWORD: GEORGIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: BIOTECHNOLOGY OTHER HEALTH HEALTH PHARMACEUTICAL CLINICAL TRIALS SOURCE: Virios Therapeutics, Inc. Copyright Business Wire 2021. PUB: 01/28/2021 09:15 AM/DISC: 01/28/2021 09:15 AM http://www.businesswire.com/news/home/20210128005680/encenter_img By Digital AIM Web Support – January 28, 2021 WhatsApp TAGS  Facebook Twitter Previous articleUnited States and Western European Next-Gen Patient Safety Solutions Market Report 2020 – ResearchAndMarkets.comNext articleTurning Procurement Data into Dollars with Procurement Analytics | Request a Free Pilot to Learn Why Global Leaders Prefer Quantzig Digital AIM Web Supportlast_img read more

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Independent TD Pringle “extremely pleased” with today’s Supreme Court decision

first_img Facebook WhatsApp Independent TD Thomas Pringle has said he is “extremely pleased” that the Supreme Court has today decided to refer three questions to the European Court of Justice on the validity of the ESM Treaty.Pringle had argued the ESM treaty, which provides for a 500 billion euro permanent eurozone rescue fund, breaches the Irish Constitution, EU treaties and EU law.Earlier this month it was decided to refer a point of law to the European Court of Justice about procedures relating to the effect and operability of the stability mechanism.Deputy Pringle says he is happy with todays decision…[podcast]http://www.highlandradio.com/wp-content/uploads/2012/07/prin530.mp3[/podcast] By News Highland – July 26, 2012 WhatsApp Pinterest Twitter Almost 10,000 appointments cancelled in Saolta Hospital Group this week Previous articleDerry judge will consider granting anonymity orders in future drugs casesNext articleVaradkar pays surprise visit to Malin Coastguard Station News Highland Guidelines for reopening of hospitality sector published News Google+center_img Calls for maternity restrictions to be lifted at LUH LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Facebook Independent TD Pringle “extremely pleased” with today’s Supreme Court decision Pinterest Three factors driving Donegal housing market – Robinson Twitter RELATED ARTICLESMORE FROM AUTHOR NPHET ‘positive’ on easing restrictions – Donnelly Google+last_img read more

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“Loan Moratorium Period Capable Of Being Extended By 2 Years”: Centre Tells SC

Top Stories”Loan Moratorium Period Capable Of Being Extended By 2 Years”: Centre Tells SC Sanya Talwar31 Aug 2020 11:03 PMShare This – xThe Central Government told the Supreme Court on Tuesday that the moratorium period is extendable by two years. On the last date, the court had directed the Centre to file an affidavit, clearly stipulating its take on the issue of interest payments within a week and listed the case for further consideration on September 1.In light of this, Solicitor General Tushar Mehta told a bench…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 Central Government told the Supreme Court on Tuesday that the moratorium period is extendable by two years. On the last date, the court had directed the Centre to file an affidavit, clearly stipulating its take on the issue of interest payments within a week and listed the case for further consideration on September 1.In light of this, Solicitor General Tushar Mehta told a bench of Justices Ashok Bhushan, R. Subhash Reddy & MR Shah that an affidavit had come on record. He also submitted that on the aspect of interests payable on loans during moratorium period, it has been decided that the Central Government and Bankers Association put their heads together on the issue.Solicitor General further added that as there were many issues and different sectors were undergoing stress, thus it was imperative that stakeholders sit together and decide on the issue.The Court stated that it had not received the affidavit filed on behalf of the union on record. The law officer thus insisted that the case be taken up a day later.Initially, the bench seemed disinclined to adjourn the case further but after the Solicitor General prayed the for the bench to peruse the affidavit at length, the matter was adjourned to tomorrow morning at 10.30 am.<< 𝙇𝙤𝙖𝙣 𝙈𝙤𝙧𝙖𝙩𝙤𝙧𝙞𝙪𝙢 >>#SupremeCourt’s Justice Ashok Bhushan led bench to shortly hear plea(s) seeking waiver of loan interest during moratorium in view of the pandemic situation. @RBI #loans #moratorium #banks #interestwaiver pic.twitter.com/o6P3EoImJh— Live Law (@LiveLawIndia) September 1, 2020 Earlier, the Supreme Court had said there was “no merit in charging interest on interest” for deferred loan payment instalments during the moratorium period announced in wake of the COVID-19 pandemic & that once moratorium is fixed, it should serve the desired purposes and the government should consider interfering in the matter as it could not leave everything to banks.Background:The bench was hearing a plea filed by an Agra resident Gajendra Sharma, who has sought a direction to declare the portion of the RBI’s March 27 notification “as ultra vires to the extent it charges interest on the loan amount during the moratorium period, which create hardship to the petitioner being borrower and creates hindrance and obstruction in ‘right to life’ guaranteed by Article 21 of the Constitution of India”.The petitioner has sought a direction to the government and the RBI to provide relief in repayment of loan by not charging interest during moratorium period.On June 4, the top court had sought the Finance Ministry’s reply on waiver of interest on loans during the moratorium period after the RBI said it would not be prudent to go for a forced waiver of interest risking financial viability of the banks.The apex court had said there are two aspects under consideration in this matter – no interest payment on loans during the moratorium period and no interest to be charged on interest.It had observed that these are challenging times and it is a serious issue as on the one hand, moratorium is granted and on other hand, interest is charged on loans.On May 26, the top court had asked the Centre and the RBI to respond to the plea challenging levy of interest on loans during the moratorium period.The RBI in its reply has told the court that it is taking all possible measures to provide relief with regard to debt repayments on account of the fallout of COVID-19 but it does not consider it prudent to go for a forced waiver of interest, risking the financial viability of the banks it is mandated to regulate, and putting the interests of the depositors in jeopardy .The RBI said the March 27 circular announcing moratorium was later modified on April 17 and May 23 by which the moratorium period was extended by another three months that is from June 1 to August 31, 2020 on payment of all installments in respect of term loans (including agricultural term loans, retail and crop loans).”It is submitted that regulatory dispensations permitted by the Reserve Bank of India vide the aforesaid circulars dated March 27, 2020 which subsequently stood modified on April 17, 2020 and May 23, 2020 were with the objective of mitigating the burden of debt servicing brought about by disruptions on account of COVID-19 pandemic and to ensure the continuity of viable businesses. Therefore, the regulatory package is, in its essence, in the nature of a moratorium/deferment and cannot be construed to be a waiver,” it said.The RBI had said that in order to ameliorate difficulties faced by borrowers in repaying accumulated interest for the moratorium period, on May 23 it had announced that in respect of working capital facilities, lending institutions may, at their discretion, convert the accumulated interest for the deferment period up to August 31, 2020, into a funded interest term loan (FITL) which shall be repayable not later than March 31, 2021.Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Story read more

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