Fitch downgrades $537 million Vermont Municipal Bond Bank general resolution bonds to ‘AA’

first_imgSource: Fitch Ratings CHICAGO–(BUSINESS WIRE)– 11.17.2010 Fitch Ratings assigns an ‘AA’ rating to the following 2010 Vermont Municipal Bond Bank bonds, issued under the 1988 General Resolution:–$24,280,000 (federally taxable recovery zone economic development bonds) series 5.The bonds are expected to sell via negotiation during the week of Nov. 15, 2010.In addition, Fitch downgrades $536,855,000 in outstanding general resolution bonds to ‘AA’ from ‘AAA’.The Rating Outlook is Stable.RATING RATIONALE:–The rating downgrade is due to the program cash flows failure to pass Fitch’s ‘AAA’ stress test.–The program’s pledged reserves and loan repayments, excluding federal subsidies, allow the bonds to withstand borrower defaults of up to 20.3% for four years without causing an interruption in bond payments. This is consistent with Fitch’s criteria for assigning an ‘AA’ rating given the loan pool’s borrowers’ credit quality, size and diversification.–The program, which consists of 298 borrowers, is diverse with low single-borrower concentration.–The program’s loan security is strong, with approximately 98% of all loans backed by a general obligation pledge and additional protection from borrower defaults through a state-aid intercept mechanism.KEY RATING DRIVERS:–Fitch will continue to evaluate the bond bank’s ability to balance future leveraging with program resources to maintain borrower default tolerance levels that pass Fitch’s ‘AA’ stress test scenarios.–Credit quality of the bonds is linked to repayment performance on the program’s loan portfolio.SECURITY:Program bonds are secured by borrower loan repayments and debt service reserve funds. A state moral obligation on the reserve fund and a state-aid intercept provision for borrowers provide additional credit enhancement.CREDIT SUMMARY:Established in 1970, The Vermont Municipal Bond Bank (VMBB) is a quasi-state agency. It is administered by a five-member board consisting of four gubernatorial appointees and the state treasurer. The bond bank issues bonds and uses the proceeds to make loans to local government borrowers throughout the state. Virtually all of Vermont’s eligible municipalities use the bond bank as their primary borrowing vehicle because it offers local government borrowers the lowest cost of capital.The loan pool consists of 298 borrowers from cities, towns, counties, school districts and other local governments throughout the state. Approximately 98% of all loans are backed by a general obligation pledge; the remaining are backed by utility pledges from four borrowers. About 51% of the loans are to school districts, which are further backed by an intercept mechanism that includes any state funds payable to borrowers. State aid is reportedly over 90% of school district debt service. The loan portfolio’s largest borrower, Springfield School District, comprises only 5% of the portfolio. The top 10 borrowers account for 33% of the total outstanding loan balance.Fitch analyzed the default tolerance of the VMBB loan pool using a stress test it also applies to state revolving funds and other municipal loan pools. The stress test considers loan quality, single risk concentration, reserve fund size, and debt service requirements. Due to the already tight margins on the program’s stressed cash flows, with the issuance of the 2010 series 5 bonds, the program cash flows fail to pass Fitch’s ‘AAA’ stress test by $4.4 million and $2 million in 2014 and 2027, respectively; this scenario assumes that no scheduled federal debt service subsidies are received. Per its report ‘Build America Bonds Broaden Municipal Market — Credit Considerations’ dated April 27, 2010, Fitch assesses the ability of the issuer to pay full interest on the BABs, regardless of the subsidy. While Fitch believes there could be offsets to some annual subsidy payments, it believes that VMBB management would take action to address the reasons for the offset and avoid multiple years with no subsidy, including the use of certain optional redemption provisions for its federally subsidized bonds. Even if the federal subsidies were considered in Fitch’s analysis, the stressed cash flows would still miss Fitch’s ‘AAA’ test by $1.3 million in 2014. Nevertheless, the program’s pledged reserves and loan repayments, excluding the federal subsidies, allow the bonds to withstand borrower defaults of up to 20.3% for four years without causing an interruption in bond payments. This is consistent with Fitch’s criteria for assigning an ‘AA’ rating given the loan pool’s borrowers’ credit quality, size and diversification.The debt service reserve fund, which is sized at the least of maximum annual debt service, 125% average annual debt service, or 10% of bond proceeds, is funded with bond proceeds and invested in U.S. treasury and agency securities. Pledged reserves currently total $51.3 million, or 9.5% of bonds outstanding. In addition, the bank currently maintains approximately $10.9 million in unrestricted general fund reserves, which are not pledged to bondholders but may be used if a deficiency occurs. The bonds are also supported by a state moral obligation to replenish the debt service reserve fund if it falls below its minimum specified level. Neither the intercept nor the moral obligation has ever been utilized, because no borrower has defaulted on a loan repayment since the bond bank began operations in 1970.Loan payments are due 15 days before the bond payment dates. Under Vermont’s state intercept provision, if a borrower fails to make its scheduled loan repayment, the bond bank will certify the failure of that payment with the state treasurer. The state treasurer would then pay the defaulted loan amount to the bank’s trustee from amounts appropriated and payable by the state to the defaulted borrower, if available. If sufficient state aid is unavailable, it will be paid from subsequent interceptable state aid payments, with bond bank reserves covering the temporary shortfall. To date, this mechanism has not been tested as there have not been any loan defaults in the history of the program.Additional information is available at www.fitchratings.com(link is external).Applicable Criteria and Related Research:–‘Revenue-Supported Rating Criteria’ (Oct. 8, 2010);–‘State Revolving Fund and Municipal Loan Pool Rating Guidelines’ (April 28, 2008);–‘Build America Bonds Broaden Municipal Market – Credit Considerations’ (April 27, 2010).For information on Build America Bonds, visit www.fitchratings.com/BABs(link is external).Applicable Criteria and Related Research:State Revolving Fund and Municipal Loan Pool Rating Guidelineshttp://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=3…(link is external)Revenue-Supported Rating Criteriahttp://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=5…(link is external)Build America Bonds Broaden Municipal Market — Credit Considerationshttp://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=5…(link is external)ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY’S PUBLIC WEBSITE WWW.FITCHRATINGS.COM. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH’S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE ‘CODE OF CONDUCT’ SECTION OF THIS SITE. last_img read more

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Karen Kicks Cancer Resolution Run and Walk on January 1 in Asheville, N.C.

first_imgI first met Karen Chavez atop Wayah Bald on a frigid, snowy morning in 2001. She was a newspaper reporter covering the inaugural NOC Endurance Run and she had driven two hours up slick, steep, snow-covered roads to reach the finish line, where she spent several hours talking to me and other runners. She could have stayed home, called a few runners after the race, and cranked out a decent story. But she went the extra miles to be there in person, in sub-freezing temperatures, bundled up with her notepad and pen.That’s just how Karen rolls. For over 14 years, she has been writing about the outdoor scene by immersing herself in it. An avid and accomplished runner herself, she is beloved among the regional outdoor community for her tireless coverage in the Asheville Citizen-Times of important outdoor issues and inspiring people.Last fall, Karen was diagnosed with breast cancer. Over the past year, she has endured multiple surgeries, chemotherapy, and radiation treatments. Amazingly, she continues to write.Next month, she is even planning a race: the Karen Kicks Cancer Resolution Run and Walk on January 1 in Asheville. Proceeds from the four-mile run and two-mile walk will benefit Hope Chest for Women. Karen also hopes the event will raise awareness about the importance of understanding breast density as a risk factor for breast cancer. Dense breasts can obscure mammograms and make cancer detection more difficult.Join her at the New Year’s Day run for a celebration of what she loves most: being outdoors, being active, and being alive.last_img read more

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Reps. Bonamici, Haaland, Young call for increase to MBL cap

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » Reps. Suzanne Bonamici (D-Ore.), Deb Haaland (D-N.M.), and Don Young (R-Alaska) led 62 of their colleagues in calling on House leadership to remove restrictions on credit unions that prevent them from fully serving small businesses in their communities during the coronavirus disease (COVID-19) pandemic.CUNA President/CEO Jim Nussle thanked the representatives for their support.“This letter will ensure that credit unions can be there for small businesses looking to get back to work helping Main Street communities quickly recover from this unprecedented crisis,” he said. “We thank Reps. Bonamici, Haaland and Young for their leadership in this crucial bipartisan effort.”The bipartisan group requested that the next coronavirus response package increase the arbitrary cap that prevents credit unions from lending to more of their small business members. Currently, the member business loan (MBL) cap restricts credit union business lending to 12.25% of assets.last_img read more

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Sportito launches Under-21 Fan’s Favourite award

first_img Related Articles StumbleUpon Riccardo Mittiga, SportitoDaily fantasy sports operator Sportito has launched a monthly Under-21 Fan’s Favourite award for the qualifying Premier League player who has garners the most mentions on social media within the past month.The award highlights the young players that have excited the fans of each club the most within the period with the winner decided by the most total mentions on Twitter. Sportito employed SBC Media and social media marketing agency Pilot Fish to conduct the study.The winner of the inaugural Under-21 Fan’s Favourite was Tottenham Hotspur’s Dele Alli, the current PFA Young Player of the Year and enjoying another stunning season at White Hart Lane. He topped the chart for a two-week period in January with just under 28,000 Twitter mentions, way ahead of fellow young England star Raheem Sterling who came second with nearly 15,000 mentions.The global nature of the Premier League was highlighted by the fact that the biggest territory for mentions in total was the US, followed by the UK.The ongoing project will see a player crowned each month as the Under-21 Fan’s Favourite. The data is collected via Twitter which determines who garnered the most mentions throughout the month.Riccardo Mittiga, Chief Executive of Sportito, said the aim of the new Under-21 Fan’s Favourite of the month award was to attempt to leverage the interest in the English Premier League in an innovative way.“By highlighting the interest of the fans as displayed on social media, we hope to link that enthusiasm with the ability on our daily fantasy sports offering to pick players out that you wish to follow,” he said.“The popularity of the Premier League is there for all to see and we know that competition in the daily fantasy sports market is heating up, so in order to stand out from the crowd we thought a project linking directly to the enthusiasm of the fans would get us more noticed.”Sportito, which launched its DFS offering at the start of this season, has been busy in recent months doing commercial deals, first with Championship side Fulham and more recently announcing itself as the fantasy sports partner with Premier League side Burnley.“The Under-21 fan’s favourite award complements our work with both Fulham and Burnley and through the coverage we hope to gain we hope to further the Sportito brand awareness.”Sportito and SBC Media will be releasing the name of the winner of the Under-21 Fan’s Favourite at the end of each month. The next winner will be announced in the first week of March.Sportito offers players the chance to enjoy and win real cash prizes everyday by choosing which players they would have in their fantasy team. As a daily game, Sportito players do not need to play all season long – they can dip in and out whenever they want to play a game. It has also made it more exciting to play in tournaments by letting users choose their favourite players without having to worry about a salary cap restriction. Sportito also offer numerous competitions featuring players across many leagues including the Premier League, Championship, Bundesliga, La Liga, World Cup and many, many more. Share UKGC suspends two licences over failure to integrate GAMSTOP April 3, 2020 Sportito makes LatAm debut in Brazil October 30, 2019 Submit Sportito gets green light to expand into Mexico January 9, 2020 Sharelast_img read more

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Esports fashion brand ULT teams up with Versus

first_imgULT, the California based esports apparel and fashion brand, has announced that it has teamed up with Versus Sports, on a clothing and content collaboration.Versus is a pro Madden organisation founded in 2016 which currently fields seven players across the US. It’s led by Founder and CEO Manny Anekal, whilst ULT is a part of Ultimate Media Ventures which boasts a 22,000 square foot studio in southern California. ULT works with the likes of eUnited and supplies pro teams, brands and fans in the esports space, whilst it also looks further afield. You can read our Kings of the Merch series interview with Nate and eUnited President Jamie Daquino here. We recently hosted the third in our ESI Forum Series which had a panel discussing esports & apparel, from jerseys to streetwear. It was at the Fnatic Bunkr, and you can read more about this here. Nate Eckman, Ultimate Media Ventures Co-Founder and Chief Creative Officer, said of this arrangement: “The evolution of the ULT brand into the traditional sports space is something we are very excited by.“Challenging cultural ideas of athleticism, sport and fashion for this community is something we at ULT are deeply inspired to do. Being able to partner with Versus Sports and collaborate with Manny Anekal on product ideas and content strategy is a total thrill.”Anekal added: “Currently every esports team jersey looks exactly the same with no reflection of key aspects of the this genre: sport, fashion and athletics.  Many brands also miss the mark on telling the story and lifestyle of these gaming professionals. “With ULT, Versus Sports found the perfect partner that recognised the team’s brand vision and our cultural ethos. I also wanted to build apparel that was fashion forward and innovative not just in design; but being able to build upon ULT’s content strategy and platform.”You can check out what’s available so far from the Versus Sport range on ULTesports.com right here. Esports Insider says: We’re big fans of the ULT brand and their apparel lines so we see this as a great one for Versus to partner up with. It’s true that jersey designs in esports at large could do with being a bit pepped up too, and moreover the potential of streetwear designs related to esports is huge. The initial range looks the part as expected, and we look forward to seeing what else emerges out of this partnership.last_img read more

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Manchester City signs Dutch defender Ake from Bournemouth

first_imgNathan Ake (internet photo)Kampala, Uganda | XINHUA |  English Premier League side Manchester City announced on Wednesday that Dutch international Nathan Ake has signed a five-year deal with the club to the summer of 2025.The 25-year-old defender, departing from relegated Bournemouth, became City’s second signing of this summer after the club completed the signing with Spaniard Ferran Torres from Valencia on Tuesday.“City have been the best side in England over the course of the last decade,” Ake said. “Coming here is a dream for me.”Joining Chelsea at the age of 16, Ake has made 146 Premier League appearances for Chelsea, Watford and Bournemouth. He has also won 13 caps for the Dutch senior team, scoring two goals. According to British media, the deal is valued at 41 million pounds.City failed to defend the Premier League title last season as they trailed winners Liverpool in second place with a gap of 18 points.****XINHUAShare on: WhatsApplast_img read more

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Voters Reject $28.1 Million School Spending Plan

first_imgBy John BurtonSHREWSBURY – Borough voters sent a strong message of “no” to the Board of Education with the outcome of this week’s school referendum.Borough residents defeated the four-part $28.1 million referendum which was intended for some upkeep and improvements, to purchase a neighboring property and to cover the cost of constructing an addition for the Shrewsbury Borough Elementary School, 20 Obre Place.As of Wednesday afternoon, according to the county clerk’s office, the unofficial vote totals –which include mail-in ballots but not provisional ballots – had the vote for Question 1 at 844 no and 525 for yes, for whether the public school district could bond for $13.4 million to do upgrades to the existing building, including putting on a new roof and installing new windows and improving the heating and ventilation system; for Question 2, to spend roughly $11.2 million for an addition, the tally was 1,048 no and 309 yes; Question 3, which asked for approval to install roof-mounted solar panels for approximately $1.6 million, the vote was 1,011 no and 348 yes; and for Question 4, to purchase property for an addition, 1,098 voted against the proposition, while 248 endorsed it.The district would have been eligible to receive 40 percent state aid reimbursement for portions of the projects.School Superintendent Brent A. McConnell was not immediately available for comment on Wednesday following the vote.Residents were clearly divided on the proposals, waging battle by way of social media and competing lawn signs, with supporters touting the benefits the projects mean for the greater community, while opponents voicing fear of the tax impact on property owners. Referendum critics sent a mailer to borough voters just prior to the vote laying out their objections to the proposal.Resident and parent Maura Galligan said of that mailer, “They were misleading and muddied the water.”Three of Galligan’s four children attend the school, with her youngest attending in a couple of years. She actively supported the referendum believing it was in the best interest of children and the community.As to the results, “I’m saddened and upset,” said Galligan, especially for Question 1’s defeat. “In my heart of hearts I believed number one would have passed,” given the work to the school’s infrastructure is vital, she said.Jim Halpern, a former board of education member who opposed the referendum, observed “the thing that was most significant was that 43 percent of registered voters came out” on an off-election, less than two weeks to the holidays. “Which I think we got a pretty good read on how the town really feels about this,” he said.Halpern offered a more nuanced perspective on the vote: “It’s not ‘no.’ That’s not what the town said,” he said. “In my opinion the town wants the board of education to rework the referendum taking input from everybody this time. That’s the difference.”That lack of input from some quarters of the community was what, in part, had Jacqui Caruso-Smith vote against all four provisions. Caruso-Smith, also a former board member and a former educator, said “There needs to be better communication,” between the board and the greater community.“You have to consider there is a senior population in town,” and they and “more of the stakeholders needed to be involved in the planning,” she said, criticizing the board for an alleged “lack of transparency.”“If you want to have something pass, you have to involve the stakeholders and listen to what they’re saying and not just come up with this expensive proposal and not communicate what’s in it for everyone,” Caruso-Smith said.The board conducted a series of public information sessions and tours of the existing building.Pam MacNeill, a retired educator, voted for the solar panels and infrastructure work, thinking, “it’s too bad it was bundled together like that,” with four provisions. If school officials had tried to get what was most needed now and waited to try for the addition at some other point the referendum might have stood a better chance, she said.Given the price tag attached, “I’m wondering if that might not have scared people,” MacNeill said.“It involved a lot of what the school needed but some of what the school wanted and I just thought there were more cost effective ways of doing what they wanted to do,” was how it boiled down for Caruso-Smith.“I don’t think there was a lot of constructive criticism,” coming from opponents, Galligan said.“Hopefully, on the bright side, we’ll be able to mobilize the community to move in the positive way,” in the near future.The next board of education meeting is Dec. 20 and Galligan plans to attend to hear what the next move will be.last_img read more

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India Today Conclave East 2017 Day 2: Live updates

first_imgHighlight185: And with that we come to the end of the two-day India Today Conclave East 2017. We hope you had a great time.#Highlight184: Depression happens for various reasons. It is a part of everybody’s evolution and it is absolutely normal: Sabyasachi.#Highlight183: I suffered depression and attempted suicide in the past. It was because of adjustment issues as I came from an idealistic world: Sabyasachi.#Highlight182: When life is super-fast, everyone becomes dysfunctional: Sabyasachi.# Highlight181: Sleep is a luxury for me, as I don’t get enough: Sabyasachi.#Highlight180: I come from a family that has values. My father lives a simple life: Sabyasachi.#Highlight179: My success in fashion is because of my perspective of an outsider: Sabyasachi.#Highlight178: Sanjay Leela Bhansali is theatrical and I am a realist. Indeed both of us are maximalists: Sabyasachi.#Highlight177: If I save enough I will make film in about next 3 years: Sabyasachi.#Highlight176: I don’t do charity, because it is not sustainable, I believe in creating employment: Sabyasachi.#  Highlight175: I was a very good student, scored 100 per cent in Mathematics: Sabyasachi.#  Highlight174: When you really believe in what you do, the world conspires to assist you: Sabyasachi.# Highlight173: I am a very happy-go-lucky person, always felt I had zero ambitions: Sabyasachi.#  Highlight172: I had a life like an enchanted paradise. It is my childhood that made me who I am: Sabyasachi.#Highlight171: We had singing lessons on our way to school in childhood: Sabyasachi.#Highlight170: My brand is steeped in nostalgia. We don’t have time today to create beauty like in the old days: Sabyasachi.#advertisementHighlight169: Luxury is something that is rarefied. Something that is most rarefied nowadays is time: Sabyasachi.#   Highlight168: Sensuality is the slowest burner, stays for a long time. I believe in creating a brand that celebrates sensuality: Sabyasachi.#Highlight167: Everybody wants to invest in things that are traditional and timeless: Sabyasachi.#Highlight166: There are no cheap solutions in fashion: Sabyasachi.#Highlight165: The business of fashion has only one mandate – you make money by feeding on the insecurities of the customer: Sabyasachi.#Highlight164: Customisation or ‘bastardisation’ troubles Indian designers all the time: Sabyasachi.#Highlight163: There are two kinds of consumers – one that buy a brand because they believe in it and another that simply wants to buy the brand: Sabyasachi.#Highlight163: Women today are more comfortable with their bodies: Sabyasachi on body-shaming.#Highlight162: I don’t understand this hypocrisy, Indian men and women are sensuous: Sabyasachi on controversy over Deepika’s Padmavati attire.#Highlight161: Internet has made us demand creativity at the press of a button: Sabyasachi.#Highlight160: When mediocrity is in abundance, people go back to the authentic: Sabyasachi on social media trends.#  Highlight159: Fashion has been replaced with stylish. It is more inward nowadays: Sabyasachi.#Highlight158: Internet has made people confident consumers: Sabyasachi.#Highlight157: As money became more democratic, luxury became defined by abstracts like culture: Sabyasachi.#Highlight156: I fall in the category of ‘I love India’ : Sabyasachi.#Highlight155: India is divided in two halves – I love India and I am not sure if I want to be Indian: Sabyasachi.#Highlight154: Bengal is not a state its a country in itself. Bengalis might not have a penny, but they will have a pocketful of pride: Sabyasachi.#Highlight153: The next session is The Sabyasachi Woman – At Home With The World.#Highlight152: We believe in diversity, says Rijiju when asked about the debate over beef consumption.#Highlight151: PM Modi is the fittest politician in the country: Rijiju#Highlight150: Working out is very important physical as well as mental health: Rijiju on viral pull-up video#Highlight149: India won’t be cowed down, but won’t intimidate it smaller neighbours either: Rijiju# Highlight148: Like many previous Indian leaders have said, there is enough space for India and China to exist together: Rijiju# Highlight147: On China, Rijiju says won’t like to put extra spin on the issue except to say talks with respect to border disagreements are going on.# Highlight146: Unless you bring about a change vis-a-vis the policy with neighbouring states, the lives of people in border states won’t change: Kiren Rijiju.# Highlight145: Dream of making India a superpower won’t happen without the development of the northeast: Kiren Rijiju.#Highlight144: The next session is Act East: India as a Superpower with Kiren Rijiju.#Highlight143: In present scenario, the RSS is sometimes more Left than Left itself: Akhil Ranjan Dutta.#Highlight142: Left, sometimes, becomes very parochial and inward: Akhil Ranjan Dutta.#Highlight141: The Left should re-look its theoretical and ideological framework to reinvent itself: Moinul Hassan.#advertisementHighlight140: The Left which once attracted intellectuals is today riddled with mediocrity: Prasenjit Bose.#Highlight139: The perception that Left has destroyed the culture of West Bengal is baseless and wrong: Moinul Hassan.#Highlight138: In terms of industrialisation and employment, the Mamata government has failed completely: Prasenjit Bose.#Highlight137: The Left should be aligning with the present gender, transgender and farmer movements to be relevant today: Akhil Ranjan Dutta.# Highlight136: China believes that to be rich is glorious. Left should negotiate with the changing perception of the youth: Akhil Ranjan Dutta.#Highlight135: The Left should have amended the colonial land acquisition act much earlier: Prasenjit Bose.#Highlight134: Before Singur and Nandigram, in Bengal acres of land acquired by state underwent development on the policies of Buddhadeb Bhattacharya: Moinul Hassan.#Highlight133: There are deviations that crept in the Left over time: Prasenjit Bose on the disconnect with masses.#Highlight132: There is a vast difference between China and West Bengal: Moinul Hassan.#Highlight131: CPI (M) has not been able to adopt to the changing world affairs in the last few years: Prasenjit Bose.# Highlight130: On the stage: Economist Prasenjit Bose, acdemic Akhil Ranjan Dutta, Moinul Hassan, CPI(M) Leader#Highlight129: Coming next: Left Behind?: The Road Ahead#Highlight128: I think I am the only northeastern who’s doing so well, but commercially I am still struggling: Supermodel Ketholeno Kense Vihienuo#  Highlight127: The government has not been an active participant in promoting jewellery or textile trade in eastern India: Jeweller Raj Mahtani# Highlight126: We need design-based institutes who will work with textiles in the east: Designer duo Dev r Nil# Highlight125: We have a minister who is very receptive to new ideas, says designer Madhu Jain, referring to Smriti Irani.#Highlight124: The next session is Cutting Edge Fashion: The Eastern Style.# Highlight123: There is a lot of talent, lawyers and experts in the Indian Parliament: Derek O’Brien.#Highlight122: It is time the Indian Parliament makes and follows a Parliamentary calendar: Derek O’Brien on delayed Winter Session.#Highlight121: All of us who are complaining that the media is not free, let us celebrate India Today Conclave East  2017: Derek O’Brien.#Highlight120: We owe the next generation a better environment, health, and education: Dinesh Trivedi.#Highlight119: Arun Jaitley, Mamata Banerjee, Shashi Tharoor are the most admirable MPs according to the youth participants.#Highlight118: Derek O’Brien engages in a debate on minimum educational qualification for MPs with youth participants.#  Highlight117: The next session is Inside Parliament: Question Hour with Derek O’Brien.#Highlight116: Films Nude and S Durga were snubbed at international film festival without any reason: Dhritiman Chaterji.# Highlight115: As a country we are not willing to accept the truth:  Vivek Agnihotri.#Highlight114: Outrage is because impunity has been encouraged and practiced by politicians: Dhritiman Chaterji on Padmavati.#Highlight113: Freedom is a relative word and certainly there are some restrictions to it: Dhritiman Chaterji.#Highlight112: Give Censor Board an army of its own: Anuvab Pal on Padmavati row#Highlight111: Problem with Padmavati is the notion that Alauddin Khilji is being glorified in it: Vivek Agnihotri.#advertisementHighlight110: Outrage over the film is unnecessary and this could claim so many lives:  Anik Dutta.#Highlight109: When someone asks for a bounty it is a crime, I hope the state takes note of this: Anuvab Pal.# Highlight108: People who have the power to influence are to be blamed for the narrative: Vivek Agnihotri on Padmavati.#Highlight107: Padmavati controversy has given mileage to Karni Sena, producers and the media: Vivek Agnihotri.#Highlight106: We are a messed up society, very rarely will you find a nation with so much disparities: Vivek Agnihotri.#Highlight105: Bhansali is not someone who would make a film deliberately to hurt anyone: Dhritiman Chaterji on Padmavati.#Highlight104: Sanjay Leela Bhansali is a dedicated filmmaker interested in details and scale: Dhritiman Chaterji.#Highlight103: Next session is Arts and Expression: The Creative Licence.#Highlight102: Bengali weddings, on the other hand, are like funerals: Pal#Highlight106: Punjabi weddings are superb! Wedding happens in south Delhi, people in Ludhiana dance: Pal#Highlight105: In Bengal, shopkeepers are upset to see customers: Pal#Highlight104: Bengalis like to sound like the love-child of Shashi Tharoor and Karan Thapar: Pal#Highlight103: For Bengalis the one thing that’s most important is speaking English properly: Pal#Highlight102: Bengalis are not a warrior people, because in the event of a war, we just write about the war: Pal#Highlight101: Now on stage is stand-up comedian Anuvab Pal who will try to answer the most complicated question in the world: What is a Bengali?#   Highlight100: There were no taxes on sweets earlier in West Bengal: Sudip Mallick.#  Highlight99: Division over food has failed in the east, people here are more affected by note ban and GST: DebBarma.#Highlight98: I have seen BJP leaders eat beef and Brahmins eat mutton and fish. Food is unique to each region: DebBarma.#Highlight97: As a Hindu it is my Dharma not to object to others preferences: DebBarma on beef consumption.#  Highlight96: Bengalis by nature tend to own anything they find interesting and improvise it according to their palette: DebBarma.#  Highlight95: Bengal Rosogolla is different from Oriya Rosogolla: Sudip Mallick.#Highlight94: When it comes to food, Bengalis are inclusive. Biryani has become a staple food here: Atri Bhattacharya.#Highlight93: Bengali women owe their beauty to the fish in their diet: Moubani Sorcar.#Highlight92: BJP’s selective approach to beef consumption is their hypocrisy: DebBarma.#Highlight91: I will not vote for a government that stops me from having the food of my choice: Atri Bhattacharya.#Highlight90: When it comes to food hygiene is paramount, beyond that who cooks what is absolutely nobody’s business: Atri Bhattacharya.#Highlight89: The Congress is not as intrusive as the present government: DebBarma on beef row.#Highlight88: Government passing laws on food is intrusion of privacy: Pradyot Bikram Manikya DebBarma.#Highlight87: Food is a form of expression, some eat beef and some don’t. I don’t see a reason why government should tell us what to eat: Rakhi Dasgupta.# Highlight86: The next session is Politics of Food: The Great Eat Debate.#Highlight85: We could become the Barcelona of the world: Suvankar Sen#Highlight84: Businesses in the east fall behind when it comes to marketing: Shitangshu Jhunjhunwala# Highlight83: Logically, people in the east should be operating out of Kolkata: Hemant Kanoria#Highlight82: Natural inclination of the people in the east is to foster in an environment of creativity: Harshavardhan Neotia#  Highlight81: Prominent businesspersons active in the east will talk about how the region can compete with and even beat west India.#  Highlight80: And, we’re back. After a short break for lunch, the day 2 of India Today Conclave East 2017 continues.#Highlight79: The next session is Starting Up from the East: Making It a Business Destination.# Highlight78: Development cannot happen without peace: CM Das.#Highlight77: I have full faith that by 2018 Jharkhand will be free of crime and terrorism: CM Das.# Highlight76: We will get access to rail and air connectivity in the next six months in Jharkhand: CM Das.#Highlight75: The 2014 Lok Sabha elections have proved that communal politics will not work anymore: CM Das.#Highlight74: We are in a democracy and no religion should take advantage of poverty to expand itself: CM Das on religious conversions.# Highlight73: There are some anti-national elements that are fomenting tensions and inciting tribals in Jharkhand: CM Das.#Highlight72: We have organised various trade fairs and summits to attract investors in Jharkhand: CM Das.#Highlight71: PM’s new India also envisions new Jharkhand with good employment, education and social welfare schemes: CM Das.#Highlight70: We have worked extensively with the people of remote villages to create welfare schemes: CM Das.#Highlight69: Jharkhand is the nation’s most prosperous state yet poverty persists here: CM Das.# Highlight68: The next session is – Reinventing Jharkhand: Mining Its Wealth Right – with CM Raghubar Das.#Highlight67: In the next 5-10 years we will definitely see some closure on the Netaji mystery: DN Bose#Highlight66: I agree, says Chandra Bose, the Netaji mystery cannot be solved with the IB filed.#Highlight65: To solve the Netaji mystery, the IB (Intelligence Bureau)  files on Bose first need to be declassified: Anuj Dhar#Highlight64: Unfortunately, politicians in independent India believe in hypocrisy: Chandra Bose#Highlight63: NDA govt and PM Modi are committed to solving the Netaji mystery: Chandra Bose#Highlight62: In the Azad Hind Fauz, there were no Hindus, no Muslims, no Sikhs; there were only Bharatiyas: Chandra Bose.#Highlight61: Successive govts at the Centre have tried to take Netaji out of history books, says Chandra Bose.#Highlight60: Bengali literature is filled with books on Netaji, Professor DN Bose says rebutting Anuj Dhar.#Highlight59: I reiterate, most people in Bengal are least bothered about Subhas Chandra Bose: Anuj Dhar.#Highlight58: Agree with Chandra Bose that Congress covered up Subhas Bose’s contribution to freedom movement, says DN Bose.#Highlight57: All Bengalis are NOT Netaji fans; 90 per cent of Bengalis are not bothered about him, claims author and activist Anuj Dhar.#Highlight56: We appreciated Mamata govt’s move to declassify Bose files: Chandra Bose.#  Highlight55: Happening now: BJP leader Chandra Bose, activist Anuj Dhar and academic DN Bose on Netaji Subhas Chandra Bose.#  Highlight54: BJP is resorting to irrelevant deflective tactics to deflate from serious issues: Mahua Moitra.# Highlight53: BJP’s yardstick of guilt differs when in opposition and in power, same is with their stand on beef: Ajay Maken.#Highlight52: Every state government has authority to bring out its own law: Meenakshi Lekhi on beef row.#Highlight51: The Prime Minister travels around the world, but it becomes an issue when West Bengal CM goes abroad: Mahua Moitra.#Highlight50: Which industrialist will invest in West Bengal with such a hostile environment? asks Dilip Ghosh.# Highlight49: Apart from polarisation politics, the BJP has not spoken about GST, under-performance and demonetisation: Derek O’Brien.#Highlight48: Parliament Winter Session has been delayed in the past too: Meenakshi Lekhi.#Highlight47: Don’t teach us about transfer policies with your flawed handling of CBI top brass: Mahua Moitra.#Highlight46: Padmavati is welcomed here and not Zulfiqar that is the brand of secular politics here: Meenakshi Lekhi.#Highlight45: We don’t identify with the BJP’s brand of  jingoism, have never seen my forefathers brandish swords on streets in the name of Hinduism: Mahua Moitra.# Highlight44: BJP is tarnishing the secular fabric of the nation with its baseless claims: Mahua Moitra.#Highlight43: Criminals from Bangladesh are allowed a haven in West Bengal: Meenakshi Lekhi.# Highlight42: Mahua Moitra and Meenakshi Lekhi sparr over poppy cultivation in Kaliachak of Malda district.#Highlight41: Best example of minority appeasement is that those wearing skull caps are exempted from wearing helmets: Meenakshi Lekhi.# Highlight40: The state and its ministers are responsible for minority appeasement: Meenakshi Lekhi.# Highlight39: We were not allowed in Cooch Behar and were chased by thugs: Dilip Ghosh.# Highlight38: It is ludicrous to say that we are not allowing the BJP to enter West Bengal: Mahua Moitra.#Highlight37: The people of West Bengal have rejected the leadership of BJP: Mahua Moitra.#Highlight36: BJP  failed the test of democracy, with all their threats they have only won three seats in West Bengal: Mahua Moitra.# Highlight35: The CBI-fair and lovely cream formula has been invented by the Congress: Dilip Ghosh.#Highlight34: Congress should not give lessons on morality and corruption: Meenakshi Lekhi.#  Highlight33: How to use CBI for political purposes can be learned from Congress: Dilip Ghosh.#  Highlight32: CBI’s fair and lovely cream is removing taint from those leaders who joined BJP: Ajay Maken.#Highlight31: The difference between Congress and BJP is that we form government by elections and they form by defections: Ajay Maken.#Highlight30: Session – Saffron and the East: Will the Two Meet? – begins.#Highlight29: The next session is Saffron and the East: Will the Two Meet? – with Ajay Maken and Mahua Moitra.#Highlight28: Revealing his softer side, Sonowal serenades the audience with a song.#Highlight27: We want to make Assam a leading tourist destination of the world: Sonowal#Highlight26: Modiji’s focus on the northeast has made this is a golden period for us: Sonowal.#Highlight25: Sonowal, once again, lauds PM Modi’s Act East policy.#Highlight24: But, Assam alone cannot tackle the core reason the area gets inundated by floods every year: Sonowal.# Highlight23: Flooding is a recurring issue in Assam, admits Sonowal.# Highlight22: Sonowal’s comments are in reference to Assam updating its National Register of Citizens.# Highlight21: We want to ensure an error-free, correct National Register of Citizens: Sonowal# Highlight20: Under the cash-for-jobs inquiry, a lot of officers were sent to jail: Sonowal#Highlight19: If you really want to fight against corruption, you cannot show any bias, make any compromises: Sonowal#Highlight18: Nobody will be spared, even if he/she is a CM: Sonowal on his anti-corruption drive#Highlight17: If I commit a crime, I am ready to go to jail: Sonowal#Highlight16: Since the day one of entering the CM’s office, I have cracked down on corruption: Sonowal#Highlight15: As CM, I have tried to weed out the weaknesses in my state’s government: Sonowal#Highlight14: PM Narendra Modi has ensured his government’s focus on the northeast: Sonowal#Highlight13: Next up: Consulting editor in conversation with Sarbananda Sonowal, the Chief Minister of Assam.#Highlight12: Kanyashree is all about empowerment, self-defence has helped many of these girls to protect themselves and others: Dr Shashi Panja.#Highlight11: With Rs 25,000 under Kanyashree scheme these girls invest in micro business, education and farming: Dr Shashi Panja.#Highlight10: The selection of beneficiaries is a well-organised process and it is a direct benefit transfer: Dr Shashi Panja.#Highlight9: Girls sharing the stage with Shashi Panja are children of hawkers, cycle rickshaw-pullers.#Highlight8:CM Mamata executes the Kanyashree scheme, she is the face of it, she has the rudder in her hand: Shashi Panja.#Highlight7: Nineteen-year-old Koheli, a beneficiary of Kanyashree, has set up a small business and employed two people.#Highlight6: If the access to education is not there, these girls may dropout: Dr Shashi Panja.#Highlight5: We are attacking the social evil called child marriage: Dr Shashi Panja.#Highlight4: Session Girl Power – Kanyas Show the Way begins.#Highlight3: The power-packed event will today see some political heavyweights on one platform.#Highlight2: Day 1 of the conclave saw Mamata Banerjee, Sourav Ganguly, Rani Mukerji, Prosenjit Chatterjee and many more.#Highlight1: Welcome to India Today Conclave East. Live coverage of Day 2 that will feature some of the biggest names in sports, cinema and politics on one stage will begin soon.#last_img read more

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