Ecobank Transnational Incorporation (ETI.gh) listed on the Ghana Stock Exchange under the Banking sector has released it’s 2016 annual report.For more information about Ecobank Transnational Incorporation (ETI.gh) reports, abridged reports, interim earnings results and earnings presentations, visit the Ecobank Transnational Incorporation (ETI.gh) company page on AfricanFinancials.Document: Ecobank Transnational Incorporation (ETI.gh) 2016 annual report.Company ProfileEcobank Transnational Incorporation is a financial services institution offering retail, wholesale, investment and transactional banking services to government departments, financial institutions, multi-nationals, small- to medium-size enterprises, micro businesses and individuals in Africa and internationally. The banking group operates in the domestic, corporate and investment banking segments. Ecobank Transnational Incorporated offers a full-service product offering which ranges from current and savings accounts to business accounts and term deposits. Ecobank Transnational Incorporated also provides services for institutional banking; ranging from treasury and investment banking to commodity/trade finance, debt issuance and equity offerings, mergers and acquisitions and syndicated lending. The financial institution operates a network of approximately 1 200 branches and offices in the major towns and cities of Ghana. Its head office is in Lomé, Togo. Ecobank Transnational Incorporation is listed on the Ghana Stock Exchange
“This Stock Could Be Like Buying Amazon in 1997” 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. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. 3 FTSE 100 dividend stocks (including Centrica) I think could sink in 2020 Simply click below to discover how you can take advantage of this. Image source: Getty Images. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Our 6 ‘Best Buys Now’ Shares I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Royston Wild | Friday, 14th February, 2020 | More on: CNA Enter Your Email Address What a shocker Centrica (LSE: CNA) pulled out of the bag earlier this week. I’d been expecting a poor set of full-year numbers, but the scale of the nightmare took even me by surprise. Operating profits tanked 35% in 2019, it said, caused in part by the impact of the government price cap for its retail division. The shares plummeted back below 70p and to six-month lows in the aftermath.Terrible trading at British Gas wasn’t the only reason why Centrica investors panicked this week, though. It’s making plans to hive off its exploration and production assets but the poor outlook for crude prices is still hammering performance here.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…The firm has eaten a £476m impairment for these assets on expectations of falling oil values in 2020, it announced on Thursday. Worsening estimates could well reduce what it can expect to raise for selling its 69% stake in Spirit Energy when first bids start flowing in shortly too. There might be much more pain in store for Centrica on this front.IEA slashes forecastsThe poorly state of the crude market was illustrated by fresh forecasts from the International Energy Agency (or IEA). The body has described the likely impact of the coronavirus outbreak as “significant”, adding that we are witnessing “a major slowdown in oil consumption and the wider economy in China”.Consequently it expects global crude demand to drop by 435,000 barrels a day in the first quarter. This would represent the first quarterly drop for a decade. Moreover, the IEA says that annual demand for the black stuff will come in at 825,000 barrels in 2020. This is down a whopping 365,000 barrels from previous estimates.… OPEC too!It’s not just the IEA that has been sounding the alarm. This week the Organisation of the Petroleum Exporting Countries (or OPEC) cut its own forecasts, saying that “the impact of the coronavirus outbreak on China’s economy has added to the uncertainties surrounding global economic growth in 2020, and by extension global oil demand growth”.OPEC has reduced its own annual forecast by a fifth. It now expects global demand of 990,000 barrels per day in 2020. Some are hoping that the recently-minted OPEC+ group (that is the cartel plus a handful of other major producers) will step up production cuts to support oil prices. But with Moscow yet to agree to the most recent cuts programme, this could prove a wish too far.Big dividends, huge riskKey economic datasets (like that in the eurozone) continue to worry and the spread of the coronavirus is a concern too. With that comes the possibility that more downgrades to demand forecasts could be forthcoming. And this bodes badly for Centrica, along with the dedicated oilies like BP and Royal Dutch Shell.Shell has just tipped to its cheapest since September 2016, while BP is trading barely above recent two-and-a-half-year troughs. These shares, like Centrica, might be carrying bulky dividend yields for 2020 (of 7% and above). Though the threat of prolonged share price weakness in this year and beyond as global supply ramps up turns all of the Footsie’s oilies into stocks to avoid right now. See all posts by Royston Wild
Time to celebrate: Siviwe Soyizwapi of South Africa at the Cape Town Sevens (Getty Images) The three-day event will take place in Cape Town in September Winners: New Zealand women in San Francisco in 2018 (Getty Images)In 2018, New Zealand men and women took both world titles in San Francisco’s AT&T Park – the men’s third title and the women’s second. As there have only been three World Cups in women’s sevens, Australia are the only other team to lift the title.Of the seven previous World Cups for the men, Fiji have also won it twice, England once and Wales once.Related: Japan sevens can inspire again at Olympic GamesSA Rugby CEO Jurie Roux said of the World Rugby council’s choice in Tokyo: “We’re delighted that South Africa and Cape Town has been confirmed as hosts for Rugby World Cup Sevens 2022. We have been eager to host global rugby tournaments for a number of years and to have the flagship event in the growing sport of sevens come to South Africa is exciting.“We saw how the sport engaged the audience in San Francisco last year and we are certain that it will be just as big a success in Cape Town. The HSBC Cape Town Sevens has established itself as a rugby bucket-list tournament in the past few years and we’re sure that international visitors to the event will experience a great tournament at an ideal rugby venue in a fantastic city.”Follow our Rugby World Cup homepage which we update regularly with news and features. LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS Don’t forget to follow Rugby World on Facebook, Twitter and Instagram. South Africa chosen to host Rugby World Cup Sevens 2022The Cape Town Stadium in Green Point will be the venue for three days of Rugby World Cup Sevens action in 2022, after South Africa won the right to host the men’s and women’s event in September of that year.In a decision made by the World Rugby council in Tokyo on Tuesday, it was announced that the eighth installment of the competition would also be the first ever sevens World Cup to be held on the African continent.Earlier in the year it was revealed that eleven unions have formally expressed their interest in hosting the Rugby World Cup Sevens. Argentina, Cayman Islands, France, Germany, India, Jamaica, Malaysia, Qatar, Scotland, South Africa and Tunisia all declared their interest to the governing body by the end of March.In the end it was decided that the 55,000-capacity Cape Town Stadium would be the chosen home. It is the same venue that has hosted the HSBC Cape Town Sevens since 2015. For the first time, this year, it will also host both men’s and women’s events as part of a re-jigged HSBC World Rugby Sevens Series. The 2022 competition will be played in September due to the international calendar, which includes the HSBC World Rugby Sevens Series and the Commonwealth Games that take place in Birmingham, England, in July 2022. Competition dates will be confirmed at a later juncture.
MUL:7691 / VOID Inc. “COPY” ArchDaily United States CopyAbout this officeVOID Inc.OfficeFollowProductsGlassConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesLos AngelesHousesUnited StatesPublished on August 23, 2012Cite: “MUL:7691 / VOID Inc.” 23 Aug 2012. ArchDaily. Accessed 11 Jun 2021.
CopyHouses•London, United Kingdom Houses ArchDaily Save this picture!© Andy Stagg+ 13 Share Architects: Paul Archer Design Area Area of this architecture project Area: 230 m² Area: 230 m² Photographs ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/396638/power-house-paul-archer-design Clipboard “COPY” United Kingdom ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/396638/power-house-paul-archer-design Clipboard Projects Power House / Paul Archer DesignSave this projectSavePower House / Paul Archer Design Power House / Paul Archer Design photographs: Andy StaggPhotographs: Andy StaggText description provided by the architects. Power House, Paul Archer Design’s refurbishment of a private house in Highbury North London, takes the modernisation of a typical London Victorian terraced house in a new direction with a highly sculptural timber clad rear extension. Located in close proximity to the entrance of Arsenal Football Club’s original stadium on Highbury Hill, the house was previously the home of the stadium’s grounds man. The front door of the house is painted in the signature red of the Gunner’s home kit as a nod to the house’s history. Save this picture!© Andy StaggRecommended ProductsDoorsECLISSESliding Pocket Door – ECLISSE LuceEnclosures / Double Skin FacadesAlucoilStructural Honeycomb Panels – LarcoreDoorsJansenDoors – Folding and SlidingDoorsAir-LuxPivoting DoorThe focal point of the new house is a spacious double height kitchen/ diner at the rear of the property, which is created from the interplay of interlocking volumes made of frameless glass panels and linear timber panels. A structural glass box allows direct sunlight to penetrate deep into the plan. The upper floors of the extension are clad with a skin of Douglas fir battens, which run both inside and out as exterior cladding and interior wall lining, emphasising the interplay between volumes. The cladding extends partially over the glass, patterning the light and providing shading. Save this picture!© Andy StaggA whole new ground floor level has been created beneath the original house. This has an open plan where a variety of activities – cooking, dining and relaxing – can all take place simultaneously in an arrangement that is conducive to 21st century family living. Fully glazed folding doors give direct access to the garden deck. A glass panel at the end wall of the first floor music/playroom creates a balcony overlooking the main space, flooding light into the original house and making a connection between the two spaces. A glazed sliding door closes off the space when privacy is required. Save this picture!© Andy StaggWood is put to striking effect in this house and is abundant in all aspects of the scheme from the signature linear cladding, external decking, interior floors, storage spaces disguised as walls and bench seating, and an island unit with breakfast bar that runs the length of the kitchen. The built-in shelving with fold down desks in the children’s playroom is made conspicuous by its bright green hues, providing a strong counterpoint to the natural wood used throughout the house. The scheme was inspired by the clients’ love of the outdoors and a taste for Nordic design. It demonstrates how natural light and materials can be combined to create a backdrop for simple yet stylish contemporary furnishings.Save this picture!First Floor PlanProject gallerySee allShow lessTanatorio Sant Joan Despí / Batlle i Roig ArquitectesSelected ProjectsVideo: IKEA Foundation Design a Shelter for RefugeesVideos Share “COPY” CopyAbout this officePaul Archer DesignOfficeFollowProductsWoodStoneConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesLondonHousesUnited KingdomPublished on July 05, 2013Cite: “Power House / Paul Archer Design” 05 Jul 2013. ArchDaily. Accessed 11 Jun 2021.
As the national anthem was being played on Feb. 23 in Oxford, Miss., before an Ole Miss at-home men’s college basketball game with Georgia, one-by-one seven African American players, and one Latinx player, got down on one knee, with their heads bowed until the last note was played. Carrying forth the protest of taking a knee begun by former National Football League quarterback Colin Kaepernick in 2016, these heroic players were protesting the presence of a white supremacist march taking place on campus on the same day as the game. Taking a knee is meant to call national attention against police brutality and all forms of racist oppression.Ole Miss has a sordid tradition of promoting pro-slavery, pro-Confederacy symbols and history since the university was founded in 1844. It wasn’t until 1997 that Confederate flags were banned at Ole Miss football games, 25 years after the first Black players were recruited. The mascot, “Colonel Reb,” was scrapped in 2003. Confederate symbols, like the emblem on the Mississippi state flag and the Confederate/Civil War battle anthem “Dixie,” wouldn’t be phased out until some 10 years later. An on-campus Confederate monument and buildings named for pro-confederate people remain, but it’s just a matter of time until these symbols see their final days.One of the protesting players, Breein Tyree, stated, “We’re just tired of these hate groups coming to our school and portraying our campus like we have these hate groups in our actual school.” (ESPN, March 1)Ole Miss Coach Kermit Davis, in defense of his players, told ESPN, “Our players made an emotional decision to show these people they’re not welcome on our campus, and we respect our players’ freedom and ability to choose that.” FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this
STAFF REPORT First Heatwave Expected Next Week 4 recommended0 commentsShareShareTweetSharePin it Name (required) Mail (required) (not be published) Website Community News CITY NEWS SERVICE/STAFF REPORT Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Community News Your email address will not be published. Required fields are marked * Top of the News EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. More Cool Stuff Make a comment An unusually hot air mass over southwest California will bring high heat to town today and Saturday. Above normal temperatures will persist into next week, the National Weather Service reports.Friday should reach 96 and Saturday 94, the NWS said.Pasadena city spokesperson Lisa Derderian said the city is opening a cooling center from noon until 6 p.m. both days.“We’re opening a cooling center at Robinson Center (1081 N Fair Oaks Ave.) … at the request of Supervisor Barger’s office. The county will run it and we provide the location,” Derderian said.Derderian said proper social distancing and the wearing of masks will be observed. Water will be available for proper hydration, she said.The NWS urged residents to “drink plenty of fluids, stay in an air-conditioned room, stay out of the sun, and check up on relatives and neighbors. Young children and pets should never be left unattended in vehicles under any circumstances.”Also, “take extra precautions if you work or spend time outside. When possible, reschedule strenuous activities to early morning or evening. Know the signs and symptoms of heat exhaustion and heatstroke. Wear lightweight and loose fitting clothing when possible.To reduce risk during outdoor work, the Occupational Safety and Health Administration recommends scheduling frequent rest breaks in shaded or air conditioned environments. Anyone overcome by heat should be moved to a cool and shaded location. Heat stroke is an emergency! Call 911.”Today: Sunny and hot, with a high near 96. North wind 5 to 15 mph becoming south southwest in the afternoon.Tonight: Clear, with a low around 68. Southwest wind 5 to 10 mph becoming northeast in the evening.Saturday: Sunny, with a high near 94. North northeast wind 5 to 10 mph becoming south southwest in the afternoon.Saturday Night: Mostly clear, with a low around 64. South southwest wind around 5 mph becoming calm in the evening.Sunday: Mostly sunny, with a high near 89. Calm wind becoming southwest around 5 mph in the afternoon.Sunday Night: Mostly clear, with a low around 61.Monday: Sunny, with a high near 87.Monday Night: Clear, with a low around 62.Tuesday: Sunny, with a high near 90.Tuesday Night: Mostly clear, with a low around 63.Wednesday: Mostly sunny, with a high near 86.Wednesday Night: Partly cloudy, with a low around 62.Thursday: Mostly sunny, with a high near 84 faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Donald CommunityPCC- COMMUNITYVirtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Community News High Heat in Store for Pasadena Friday and Saturday, City and County Collaborate to Open Pasadena Cooling Center Officials ask the public not to flock to beach, mountains STAFF REPORT Published on Friday, April 24, 2020 | 3:43 pm Subscribe STAFF REPORT Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Business News Herbeauty6 Trends To Look Like A Bombshell And 6 To Forget AboutHerbeautyHerbeautyHerbeauty7 Most Startling Movie Moments We Didn’t Realize Were InsensitiveHerbeautyHerbeautyHerbeautyIs It Bad To Give Your Boyfriend An Ultimatum?HerbeautyHerbeautyHerbeautyA Mental Health Chatbot Which Helps People With DepressionHerbeautyHerbeautyHerbeauty5 Things To Avoid If You Want To Have Whiter TeethHerbeautyHerbeautyHerbeautyShort On Time? 10-Minute Workouts Are Just What You NeedHerbeautyHerbeauty Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena
in Daily Dose, Featured, News, Secondary Market Demand Propels Home Prices Upward 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Brian Honea Print This Post Previous: Average Guarantee Fees on GSE Loans Are Two and a Half Times Their 2009 Level Next: CFPB Director Cordray to Testify In Full Senate Banking Committee Hearing July 15 The Week Ahead: Nearing the Forbearance Exit 2 days ago Fannie Mae Gross Mortgage Portfolio Monthly Volume Summary 2015-06-30 Brian Honea Related Articles Fannie Mae’s Gross Mortgage Portfolio Dips Below $400 Billion June 30, 2015 800 Views Tagged with: Fannie Mae Gross Mortgage Portfolio Monthly Volume Summary Home / Daily Dose / Fannie Mae’s Gross Mortgage Portfolio Dips Below $400 Billion Fannie Mae’s gross mortgage portfolio experienced its second consecutive month of double-digit contraction as its value fell below $400 billion, according to Fannie Mae’s May 2015 Monthly Volume Summary released Tuesday.In May, the GSE’s gross mortgage portfolio shrank at a compound annualized rate of 25.9 percent, from $405.1 billion down to $395.1 billion. It was the first time since before the conservatorship began in September 2008 that the value of the gross mortgage portfolio dipped below $400 billion. In April, the portfolio contracted at an annualized rate of 17.4 percent after March’s expansion of 7.8 percent. March’s expansion was a rare one for Fannie Mae’s gross mortgage portfolio in the last five years; the portfolio has expanded only three times in the last 59 months dating back to June 2010 (March 2015, January 2015, and December 2012).The gross mortgage portfolio’s value for May ($395.1 billion) is less than half of what it was in June 2010 ($818 billion). The portfolio’s value has declined by more than $16 billion just since March 2015, when it totaled $411.7 billion.Fannie Mae’s Book of Business also declined in May, decreasing at a compound annualized rate of 2.6 percent for the month. The value of the Book of Business was $3.110 trillion following the May contraction. The Book of Business, which includes the gross mortgage portfolio plus the total Fannie Mae mortgage-backed securities and other guarantees less the Fannie Mae mortgage-backed securities in the portfolio, has contracted in four of the first five months of this year and has decreased at an average compound annualized rate of 1.1 percent this year.The total value of Fannie Mae’s mortgage-backed securities and other guarantees for May was $2.8099 trillion, a slight decline from April’s level of $2.8105 trillion. The value of mortgage-backed securities in the portfolio as of May 31, 2015, was $94.990 billion, down from $98.693 billion in April.The single-family serious delinquency rate for Fannie Mae in May fell another three basis points down to 1.70 percent, its lowest point since before the recession. The single-family serious delinquency rate has declined every quarter since Q1 2010 for Fannie Mae.Also according to May’s monthly volume summary, Fannie Mae completed 8,597 loan modifications in May, a decline from the 9,297 loan mods completed in April. Fannie Mae has completed 44,558 loan mods for the first five months of 2015, an average of 8,911 per month. For the full year of 2014, Fannie Mae completed 122,823 loan mods, a monthly average of 10,235. The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Share Save Subscribe
Top StoriesSC Keeps Calcutta HC Order Regulating Fees Of Private Unaided Minority Educational Institutions In Abeyance; Directs Petitioners To Seek Recall [Read Order] LIVELAW NEWS NETWORK3 Sep 2020 4:58 AMShare This – xThe Supreme Court on Thursday disposed of a SLP preferred by a bunch of private unaided minority educational institutions against an order of the Calcutta High Court restricting them from prohibiting students from participating in the online examinations, for non-payment of fees. A 3-Judge Bench comprising Justices Ashok Bhushan, R. Subhash Reddy and MR Shah has directed the Petitioners…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 Supreme Court on Thursday disposed of a SLP preferred by a bunch of private unaided minority educational institutions against an order of the Calcutta High Court restricting them from prohibiting students from participating in the online examinations, for non-payment of fees. A 3-Judge Bench comprising Justices Ashok Bhushan, R. Subhash Reddy and MR Shah has directed the Petitioners to approach the High Court seeking recall of the order. In the meanwhile, the Bench has put the impugned order in abeyance, until deciding of the recall application. The order states thus: “We are of the view that no interference is called for by this Court in these special leave petitions. In so far as order dated 18.08.2020 is concerned, we grant liberty to the petitioners to make an application before the High Court for recall/modification of the order dated 18.08.2020. Until orders are passed on such application of petitioner, the order dated 18.08.2020 shall not be given effect to; and the same is ordered to be kept in abeyance. We, however, are of the view that looking to the issues, which are involved in the writ petition, the High Court may decide all issues at an early date.” The Petitioners, represented by Senior Sdvocate Shyam Divan, Advocates Rohit Amit Sthalekar and Sankalp Narain, had approached the Top Court stating that the impugned order impinges upon their right to establish and administer educational institution of their choice under Article 30(1) of the Constitution and it should therefore be set aside. The impugned order was passed in a writ petition filed on behalf of parents of over 15,000 students who are enrolled in more than 110 private, unaided schools in and around the city. Students Shall Neither Be Barred From Accessing Online Classes Nor Prohibited From Participating In Online Examinations Till August 15: Calcutta HC The Petitioners had submitted that the aforesaid writ petition was not maintainable in terms of Committee of management, La Martiniere College, Lucknow v. Vatsal Gupta & Ors., 2016 SCC OnLine SC 743, whereby the Supreme Court categorically observed that a writ petition is not maintainable against a Private Unaided Minority Institution Further they submitted that the direction to submit the audited books of accounts with income / expenditure statements of the schools causes “grave hardship and prejudice” to the Minority Rights of the Petitioners who are private unaided minority schools managed and controlled exclusively by the Diocese of Calcutta, Church of North India and affiliated to the CBSE and ISC Boards. Other arguments put forth by the Petitioners include: Petitioner is Private Unaided Minority Educational Institution and as such, insofar as the issue of discretion in fixation of fees is concerned, the interference of ‘State’ is minimal only to the extent of preventing profiteering and charging of capitation fee (TMA Pai Foundation v. State of Karnataka, (2002) 8 SCC 481)There was no occasion for the Hon’ble High Court to delve into the issue pertaining to the Fixation of Fees in a Unaided Private Minority Institution and to step into the shoes of the Legislature by passing the impugned orders.Respondent has failed to demonstrate the capacity in which the Petitioner Schools, who do not receive any grant-in-aid from the State Government, have been arraigned in the writ petition without there being any grievance raised by any parent and without disclosing any increment in the fees as is allegedly claimed in the writ petition.Petitioners are admittedly paying all its staff, teaching and non-teaching, their salaries during the Pandemic and are also incurring continuing fixed and recurring expenditures in maintenance of its Fixed Assets like land and building and also the running cost of maintaining the institutions. Click Here To Download Order Read Order Next Story
News UpdatesAllahabad HC Extends Interim Orders Passed By It & Courts Subordinate To It Till December 1 [Read Order] LIVELAW NEWS NETWORK20 Oct 2020 7:32 AMShare This – xThe Allahabad High Court on Tuesday extended the operation of interim orders passed it or by the Courts/ Tribunals subordinate to it till December 1, 2020. The order has been passed by a Division Bench comprising of Justices Munishwar Nath Bhandari and Piyush Agrawal as the position on account of COVID-19 Pandemic has “not improved entirely” in the State. Previously, the High Court…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 Allahabad High Court on Tuesday extended the operation of interim orders passed it or by the Courts/ Tribunals subordinate to it till December 1, 2020. The order has been passed by a Division Bench comprising of Justices Munishwar Nath Bhandari and Piyush Agrawal as the position on account of COVID-19 Pandemic has “not improved entirely” in the State. Previously, the High Court had extended all interim orders till October 31. It had also directed that the period of 90 days during which the caveats filed under Section 148-A CPC remain in force shall exclude the lockdown period and the period in which the working of courts and tribunals have remained suspended or disturbed. This order has now been extended till December 1, 2020. The Bench said, “The position on account of COVID-19 Pandemic has not improved entirely, therefore, this Court is of the opinion that the direction given by this Court on 19.08.2020 to extend the effect of the earlier order till 31.10.2020 needs to be extended and, accordingly, the order quoted above in reference to the extension of the interim order and even for the limitation, as given therein, is made operational and effective till 01.12.2020.” The Court will now review the situation on December 1. Significantly, the High Court has been closely monitoring the Covid situation in the state. Some relevant orders passed by it in order to prevent the virus from spreading are listed as follows: Allahabad HC Orders UP Govt To Conduct Covid Mass Testing In 5 Districts Of The State[Covid 19] Stipulate Stricter Time Schedules For Shops; Minimize Conglomeration: Allahabad HC Seeks Road Map From UP Govt To Restrict Public MovementPeople Are Taking Covid-19 Directives ‘Casually’ On Account Of Unlock-4: Allahabad HC Issues Slew Of Directions To Prevent Transmission’People Have Got A Wrong Impression That They Can Now Freely Mix With Each Other’: Allahabad HC Suggests Incarceration Of Persons Flouting Physical Distancing Norms”No Person Should be Seen Outside his/ her House Without Mask on Face”: Orders Allahabad HC Saying ‘If Action Not Taken Today, We Won’t Be Able To Face Our Progenies’Allahabad HC Issues Further Directions For Wearing Masks In Public Spaces; Resolves Conflict Between Jurisdiction Of Development Authorities & Local Municipal AuthoritiesAllahabad HC Issues Instructions To Regulate Restaurants/Eateries Amid PandemicCovid-19: Allahabad HC Asks DGP To Prepare A ‘Definite Modus Operandi’ To Ensure Social Distancing, 100% People Wear Masks Click Here To Download Order Read Order Next Story