Abelson Odds agrees Copa Libertadores expansion with Betfair

first_img23rd November 2020 | By Conor Mulheir Subscribe to the iGaming newsletter Abelson Odds agrees Copa Libertadores expansion with Betfair The knock-out phase will begin tomorrow, 24 November, with the final to be played in January next year. Reigning champions Flamengo are one of six Brazilian teams to have qualified for the last sixteen, alongside major South American clubs such as Arge4ntina’s River Plate and Boca Juniors. Regions: LATAM “Adding Abelson Odds’ player markets to every game of the knock-out stages will ensure that we are giving our customers the chance to get closer to the action.” Abelson is expanding its product offering to include full coverage of the tournament, starting with the upcoming round of 16 knockout stage. The competition, organised by the South American Football Confederation (CONMEBOL), and Betfair will integrate Abelson’s pre-match goalscorer pricing into its existing CONMEBOL offering. Eoin McArdle, from Betfair’s football trading team, added: “The Copa Libertadores is the highest level of football in South America and we are proud to be associated with it. “We are delighted to further extend our already strong relationship with Betfair, in this case by helping Betfair maximise its CONMEBOL betting product,” Abelson Odds’ head of compilation Jeevan Jeyaratnam said.center_img Sports betting The core Paddy Power Betfair business saw overall revenue climb 9.0% year-on-year to £351m, with sports revenue up 5% and gaming revenue 31%. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Results published earlier this month showed that Betfair owner Flutter Entertainment saw total revenue for the three months through to 30 September amount to £1.33bn (€1.49bn/$1.76bn), up from £1.04bn in the same period last year. Tags: Betfair Flutter Entertainment Abelson Odds Topics: Sports betting Online sports betting Sportsbook Email Address Sports data and odds supplier Abelson Odds has reached an agreement to provide its comprehensive goalscorer pricing and settlement (GPS) service to Flutter Entertainment-owned Betfair for the remainder of the international South American Copa Libertadores competition.last_img read more

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Super Rugby 2013 Plays of the Week Round 5

first_imgSunday Mar 24, 2013 Super Rugby 2013 Plays of the Week Round 5 As the Top Fives from Rugby HQ are becoming more popular than Plays of the Week, we’ve chosen to feature the them on the homepage, while still posting and archiving Plays. What that means is that you can still watch Plays right here on the site, but they may not always be homepage features.You can find them all though at rugbydump.com/playsoftheweek, so you can always have a quick look there, and they’re also access them via the sidebar text links, which show the latest five.Also, make sure that you’re following Rugbydump on Twitter and Facebook for regular updatesADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Plays of the Week Related Articles 123 WEEKS AGO WATCH: France destroy Wales in Women’s Six… 138 WEEKS AGO Waikato winger scores four tries in epic… 304 WEEKS AGO The Wraparound from Rugby HQ – Week 27 From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyWrinkle Remedy Stuns TV Judges: Forget Surgery, Do This Once DailySmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living30+ Everyday Items With A Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

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Passive House Plus / Onix + Kunst + Herbert

first_imgArchDaily Passive House Plus / Onix + Kunst + Herbert ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/236793/passive-house-plus-onix Clipboard Germany ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/236793/passive-house-plus-onix Clipboard Apartments Passive House Plus / Onix + Kunst + HerbertSave this projectSavePassive House Plus / Onix + Kunst + Herbert Projectscenter_img CopyAbout this officeOnixOfficeFollowKunst + HerbertOfficeFollowProductConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousingApartmentsDabasHamburgHousing3D ModelingGermanyPublished on May 25, 2012Cite: “Passive House Plus / Onix + Kunst + Herbert” 25 May 2012. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogShowershansgroheShower MixersVinyl Walls3MVinyl Finish – DI-NOC™ Abrasion ResistantPartitionsSkyfoldIntegrating Operable Walls in a SpaceLightsVibiaLamps – NorthCultural / PatrimonialIsland Exterior FabricatorsSeptember 11th Memorial Museum Envelope SystemSkylightsVELUX CommercialAtrium Longlight, DZNE GermanyHanging LampsLouis PoulsenLamp – PH ArtichokeTiles / Mosaic / GresiteHisbalitMosaic Tiles – TexturasAcousticMetawellAluminum Panels – Acoustic SailsMineral / Organic PaintsKEIMTiO2-free Mineral Paint – Soldalit®-ArteWall / Ceiling LightsA-LightWall Grazer Concealed LightsDoorsBuster and PunchDoor Hardware – Pull BarMore products »Read commentsSave想阅读文章的中文版本吗?汉堡社区住宅 / Onix, Kunst + Herbert是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream CopyApartments•Hamburg, Germany “COPY” Architects: Kunst + Herbert, OnixText description provided by the architects. IBA Hamburg – Neighbourhouse As a part of the Internationale Bauausstellung Hamburg, IBA (the renowned large-scale building exhibition), this assignment was launched as one of the first in a series of architectural competitions aimed at putting the island of Wilhelmsburg on the map as well as enhancing the quality of the housing assortment in Hamburg.Save this picture!site planRecommended ProductsFiber Cements / CementsEQUITONEFiber Cement Facade Panel NaturaFiber Cements / CementsRieder GroupFacade Panels – concrete skinFiber Cements / CementsSwisspearlSwisspearl Largo Fiber Cement PanelsFiber Cements / CementsDuctal®Ductal® Cladding Panels (EU)Our interpretation of this assignment was to generate an assertive design of both the building and the surrounding area. We aimed at producing a design that would transform ‘dead-end’ zones into high-quality sojourn space with a positive impact on the surrounding neighbourhood.Save this picture!Two clients united under one roof, each with his own particular points of recognition and an equal part of the parcel, illustrate the integration that we pursue at both building level and urban planning level. The total volume harmonizes with the adjoining construction and opens up to the outside world. As a result, the whole unit assumes an informal character and the public and collective space offers new opportunities at neighbourhood level, while simultaneously giving the residents their own space with scope for successful co-habitation.Save this picture!The starting point for the architectonic object was a straight beam with a simple cross-section. This layout has a beneficial effect on the energy management of the entire unit and also provides the basis of a favourable floor plan. The total volume is curved around the location as compactly and as optimally as possible to make the ‘landscape’ as large as possible, as well as generating differentiation, creating two identities, and enhancing the orientation toward the sun. At the same time, this compact and stratified programme connects seamlessly to the specified restrictions on the location.Save this picture!Large ‘townhouses’ have been designed for the construction area belonging to STEG. These houses can be completed by the residents themselves, and parts of these can even be rented out. The Schanze housing association has already found a group of residents who wish to live together in their part. A collective segment for formal and informal meetings is an important component of this configuration. Some of the houses are literally houses with gardens, but by creating a second residential alley on the second floor, all of the houses are connected to the outside world. The collective area consists of a communal forecourt, an external theatre, and an alleyway along which a number of collective areas are arranged, offering opportunities for encounters and conversation. Accordingly, Schanze and STEG have made an attempt, both inside and out, to integrate old and new, young and old, urban and green.Save this picture!sectionsProject gallerySee allShow lessMetro Station 20 Proposal / NC-OfficeArticlesConvida Suape Masterplan / Broadway MalyanArticlesProject locationAddress:Hamburg, GermanyLocation to be used only as a reference. It could indicate city/country but not exact address. Share Save this picture!+ 16 Share “COPY”last_img read more

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Grants and Loans from the European Union: A Guide to Community Funding

first_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 7 December 2007 | News Grants and Loans from the European Union: A Guide to Community Funding  15 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

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Italian journalist arbitrarily deported from Mexico

first_img MexicoAmericas News MexicoAmericas Reporters Without Borders condemns the Mexican government’s summary and illegal deportation of Italian journalist Giovanni Proiettis on 15 April. Proiettis, who writes for the Italian newspaper Il Manifesto, had lived in Mexico since 1993 and was based in San Cristóbal de Las Casas, in the southeastern state of Chiapas, where he taught at the Autonomous University of Chiapas.“We call on the Mexican authorities to review this journalist’s deportation as it contravened all the legal procedures in force,” Reporters Without Borders said. “He was not told in advance he would have to leave the country or why. His right to request Italian consular assistance or to consult a lawyer and his right to warn his family were not respected. International human rights instruments ratified by Mexico and Mexico’s own immigration law (RLGP 209-211) were all violated.”Proiettis was detained and then summarily deported under escort all the way to Italy when he went to the office of the National Migration Institute (INM) in San Cristobal de las Casas on 15 April to renew his residence permit. His illegal expulsion was carried out just two months ahead of a visit to Mexico by the special rapporteur on migrant rights of the Inter-American Commission on Human Rights.Reporters Without Borders interviewed Proiettis about his expulsion:How did you learn that you had to leave Mexico? 2011-2020: A study of journalist murders in Latin America confirms the importance of strengthening protection policies News to go further NSO Group hasn’t kept its promises on human rights, RSF and other NGOs say Help by sharing this information Receive email alerts Reporter murdered in northwestern Mexico’s Sonora state May 5, 2021 Find out more Reports Follow the news on Mexico April 21, 2011 – Updated on January 20, 2016 Italian journalist arbitrarily deported from Mexico May 13, 2021 Find out more I was renewing my annual residence and work permit, as I do every year. I had begun the procedure a week before and I had been given an appointment for 10:30 a.m. on Friday, 15 April. When I arrived at the immigration office, I was asked to sit in a small room. Five immigration officers came and escorted me to the airport. I was put on a direct flight to Madrid, and from there to Rome, escorted by two immigration officers all the way. At Madrid airport, I was put in a Spanish police area under the surveillance of Mexican officials, who have no authority there.Did the Mexican authorities tell you about this decision? Did they respect your right to ask for consular assistance or a lawyer?I was given no paper, nothing at all, still less an explanation of the reason for my deportation. I learned about that through the media on my arrival in Italy. They did not let me communicate with my embassy in Mexico or with my partner, although I have lived there for 18 years. I was not even able to pass by my home to at least collect some of my personal effects.The National Migration Institute told Reporters Without Borders that you did not have the right papers to reside legally in the country, either as a university teacher or as a newspaper correspondent. What do you say to this?It’s a lie. They even say I requested a year’s sabbatical from my work without telling them, but this is not true. I only asked for a five-month sabbatical and I continued to be linked to the university.Do you think this had anything to do with your journalistic activities?Clearly. Something I said must have upset them. I was lucky enough to be the first person to interview Comandante Marcos on 1 January 1994 and thereafter, during the 1990s, I followed the Zapatista movement’s evolution. In recent years, I have been writing about the war against drug trafficking, in which 40,000 people have been killed since the start of the Calderón administration. Another thing, a few days after the climate change summit in Cancún, where another journalist insulted Calderón and where I was identified and photographed, three policemen arrested me without explanation and then accused me of a crime I had not committed. I was scared and thought they would kill me. But thanks to a solidarity campaign, an official told me it was a mistake and they apologized.How would you describe the current climate for freedom of expression in Mexico?Very deteriorated. Mexico is the world’s most dangerous country for journalists. There is a lot of intimidation, especially in the north. Above all there is a lot of self-censorship, because it is very dangerous to write about drug trafficking or to criticize the government. More than censorship, what dominates is self-censorship. There is no freedom of expression in Mexico. Organisation News RSF_en April 28, 2021 Find out morelast_img read more

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Pasadena Humane Society President and CEO Steve McNall To Retire

first_img Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Business News 2 recommended0 commentsShareShareTweetSharePin it faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyCitizen Service CenterPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Subscribe Name (required)  Mail (required) (not be published)  Website  Community News Community News People Pasadena Humane Society President and CEO Steve McNall To Retire From STAFF REPORTS Published on Thursday, October 29, 2015 | 11:45 am First Heatwave Expected Next Week 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.center_img Your email address will not be published. Required fields are marked * Top of the News Make a comment Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Steve McNall, Pasadena Humane Society and SPCA President and Chief Executive Officer, is retiring by the middle of 2016 after leading the independent nonprofit through a recent period of growth.The Society announced McNall’s impending retirement Wednesday, and said it will be conducting a nationwide search for his replacement.“We thank Steve for his tremendous contributions to the Pasadena Humane Society, and wish him the very best during his upcoming retirement,” said Ricky Whitman, PHS and SPCA Vice President of Community Relations.McNall has been with the Society for 30 years. Several new features were added to the Society’s services during his watch, including the Animal Care Campus, the Neely Cat Center and the Critter House.The Society’s board of directors has hired Morris and Berger to do a nationwide search for a replacement, working with a search committee composed of board members and leaders in the Pasadena area community.Whitman said the ideal candidate must have an acute awareness of animal welfare, sheltering issues and has strong fundraising skills. Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy More Cool Stuff Herbeauty10 Instagram Girls Women Obsess OverHerbeautyHerbeautyHerbeautyStop Eating Read Meat (Before It’s Too Late)HerbeautyHerbeautyHerbeauty7 Reasons Why The Lost Kilos Are Regained AgainHerbeautyHerbeautyHerbeautyThe Most Heartwarming Moments Between Father And DaughterHerbeautyHerbeautyHerbeautyYou Can’t Go Past Our Healthy Quick RecipesHerbeautyHerbeautyHerbeauty5 Things To Avoid If You Want To Have Whiter TeethHerbeautyHerbeauty EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDSlast_img read more

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Gardai seek help tracing missing Limerick man

first_imgBilly Lee names strong Limerick side to take on Wicklow in crucial Division 3 clash Tim Dennehy, who is missing in Limerick since last MondayTim Dennehy, who is missing in Limerick since last MondayLIMERICK Gardaí are seeking the public’s assistance in tracing the whereabouts of Tim Dennehy (41), who is missing from Limerick City since this Monday.Tim was last seen in the Dooradoyle area of Limerick City on Monday night May 23 at approximately 11pm.Tim is described as being 5’8″ in height, of slim build, with short brown hair and a long beard.Sign up for the weekly Limerick Post newsletter Sign Up When last seen Tim was wearing a navy coloured Cork GAA hoodie with red sleeves, light brown trousers and brown shoes.Gardaí are concerned for Tim’s welfare and anyone with information is asked to contact them at Roxboro Road Garda Station on 061 214340, the Garda Confidential Line, 1800 666111 or any Garda Station. Limerick Ladies National Football League opener to be streamed live Linkedin NewsBreaking newsGardai seek help tracing missing Limerick manBy Staff Reporter – May 24, 2016 990 Print Previous articleSocials – UL Presidents Dinner 2016Next articleGarda Band and Brendan Grace join forces for McCabe Memorial Concert Staff Reporterhttp://www.limerickpost.ie RELATED ARTICLESMORE FROM AUTHOR Limerick’s National Camogie League double header to be streamed live TAGSDooradoylelimerickmissingTim Dennehy center_img WhatsApp WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads Advertisement Predictions on the future of learning discussed at Limerick Lifelong Learning Festival Facebook Twitter Limerick Artist ‘Willzee’ releases new Music Video – “A Dream of Peace” Emaillast_img read more

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JEOL: Lanzamiento del nuevo cromatógrafo de gas —espectómetro de masas de tiempo de vuelo…

first_img WhatsApp Pinterest Twitter By Digital AIM Web Support – February 16, 2021 JMS-T2000GC Previous articleJEOL: Lançamento do novo cromatógrafo de gás – espectômetro de massa por tempo de voo (time-of-flight) JMS-T2000GC AccuTOF(TM) GC-Alpha – o mais recente GC-MS com desempenho e facilidade de operação superioresNext articleBrown scores 27, Celtics outlast Jokic, Nuggets 112-99 Digital AIM Web Support Twitter TAGS  center_img WhatsApp Facebook Facebook Local NewsBusiness Pinterest JEOL: Lanzamiento del nuevo cromatógrafo de gas —espectómetro de masas de tiempo de vuelo JMS-T2000GC AccuTOF(TM) GC-Alpha— el mejor GC-MS con desempeño superior y facilidad de operaciónlast_img read more

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Financial Stress Factors Facing Real Estate

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago The spread of COVID-19 has caused disruptions in the financial and economic markets. However, the Joint Center for Housing Studies of Harvard University looked at how the stresses facing the market could impact the housing industry. Don Layton, the former CEO of Freddie Mac and the author of the piece, said many REITs specialize in mortgage-related assets, ranging from liquidized agency-mortgage backed securities or commercial MBS and other real-estate debt models. “They are hedge funds in most respects, relying on high leverage (secured by their assets) to produce good returns, but leaving them with tremendous liquidity exposure because they need to keep rolling their debt as they invest in long-term assets while financing them with short-term liabilities,” he said. Layton added that the financial stresses in the current market stem from an “extreme global flight-to-safety” and liquidity, which is resulting in high demand for cash. “Although agency MBS is government-supported, there is a high spread between the yield on MBS and the equivalent maturity Treasuries,” Layton said. “The agency MBS market has long been regarded as second in size and liquidity only to the market for Treasuries themselves, and so agency MBS investors are rattled.”Both the Federal Reserve and the U.S. Department of the Treasury announced plans to provide additional liquidity into the economy and support for households to combat the impact of COVID-19. The Fed added that it would use its “full range of tools” to support households, businesses, and the economy during these uncertain times. It will also purchase Treasury securities and agency mortgage-backed securities “in the amounts needed to support smooth marketing functioning” and transmission of monetary policy.Last week the Fed announced it would purchase at least $500 billion in Treasury securities and at least $200 billion of mortgage-backed securities.  The Federal Housing Finance Agency (FHFA) added that it has authorized Fannie Mae and Freddie Mac to enter into additional dollar-roll transactions—provide mortgage-back securities investors with short-term financing. Also, a concern for Layton could be the losses suffered by the GSEs. He said, combined, that Fannie Mae and Freddie Mac have about $5 trillion in credit guarantees, mostly in single-family mortgages and securities investments. While losing large amounts during the Great Recession, Layton said the GSEs have eliminated the major sources of those losses. “Ideally, their credit reserves should rise—they are, after all, supposed to take appropriate credit risk—but not anything like in the last crisis,” Layton said.  Tagged with: Coronavirus GSEs Coronavirus GSEs 2020-03-27 Mike Albanese The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Financial Stress Factors Facing Real Estate in Daily Dose, Featured, Government, News, Secondary Market Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville.  Print This Post The Best Markets For Residential Property Investors 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago March 27, 2020 2,328 Views Financial Stress Factors Facing Real Estate Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save Previous: CFPB Issues Support for Financial Institutions Next: How the CARES Act Impacts Mortgage Servicers Related Articles About Author: Mike Albanese Sign up for DS News Daily Subscribelast_img read more

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Won’t Pass Any Order Which Will Lead To Economy Going Haywire, Says Supreme Court On Pleas For Loan Moratorium Extension

first_imgTop StoriesWon’t Pass Any Order Which Will Lead To Economy Going Haywire, Says Supreme Court On Pleas For Loan Moratorium Extension Sanya Talwar8 Dec 2020 7:32 AMShare This – xThe Supreme Court continued the hearing in the pleas pertaining to extension of loan moratorium along with petitions by specific sectors.Solicitor General Tushar Mehta made submissions on behalf of the Centre bench of Justices Ashok Bhushan, R Subhash Reddy & MR Shah, the crux of which were that the the sector specific issues that emanate in the instant petitions could not be…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 continued the hearing in the pleas pertaining to extension of loan moratorium along with petitions by specific sectors.Solicitor General Tushar Mehta made submissions on behalf of the Centre bench of Justices Ashok Bhushan, R Subhash Reddy & MR Shah, the crux of which were that the the sector specific issues that emanate in the instant petitions could not be granted relief under Article 32.”Not a case for your lordships to go further under Writ jurisdiction. Centre handheld all sectors. Their argument of NDMA not doing anything were nothing but arguments made in desperation. If sector specific issues persist, they are free to go to RBI, but to seek relief under Article 32 and pray that the relief(s) already granted be tweaked is not maintainable”- Solicitor General Tushar Mehta to Supreme CourtThe law officer stated that the Central Government realised and accepted that there was a problem and that there had to be a solution but that had to be sector specific. “The solutions need to be met out institutionally and within frameworks provided,” he addedThe Centre told Supreme Court that to roll out interest waivers would mean that a huge waiver will be attracted which in turn would affect the economy. “If the banks were to bear this burden, it would necessarily wipe out a substantial and a major part of their net worth, rendering most of the banks unviable and raising a very serious question mark over their very survival”, said SG while stating that a blanket waiver of interest would mean foregoing an estimated 6 lac crore.Justice Bhushan told him at this juncture that he courts were conscious of this and that it would not pass any orders which would shake the economy.”Of course court will not pass an order which will lead to the economy going haywire. We are conscious of the fact”- Supreme CourtOn the aspect of Centre’s non chalance regarding economic stresses faced by various sectors which was argued by petitioners, Solicitor General said that waiver of interest was never the solution in any economy but providing thrusts for boost of various sectors was the right way to proceed.”Centre not done anything – I am answering to this argument now. Many sectors affected by Covid and RBI took decisions, Said, we can restructure but not waive everything. RBI took a wise decision of “eligibility criteria” vis-a-vis Non-NPA accounts….. all conceivable sectors affected by Covid19 have been taken into consideration,” he arguedThe law officer then told court that banks were fully empowered to customise relief to not so big and big borrowers (loans of up to 1500 crores and over 1500 crores respectively).”Big Contours and parameters to be fixed by RBI, minute ones to be fixed by the Kamath Committee and they are to be implemented by the banks,” SG argued.On the issue of the implications of the Disaster Management Act, 2005, the Solicitor General informed Court that the effect of this disaster (Covid19) was of such nature that it could not be dealt with by one ministry. “All the written decisions are taken with approval and the initiation of decisions under the Act are taken by the Prime Minister  who is the Chairman of the NDMA… all ministries are required to function under sections 35 & 37 of the Act,” he argued.Senior Advocate VV Giri appeared for the Reserve Bank of India, arguing that the prudence framework was available in terms of the RBI Circulars.He argued today that the discretion to frame a resolution plan should be with the bank and not the borrower.The bench is expected to continue the hearing tomorrow.Complete updates from the hearing available here.Next Storylast_img read more

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