ITC Royal Bengal An ode to cultural heritage and lineage

first_imgKolkata: ITC Royal Bengal, a luxurious hotel of ITC group, will be opened in June.The date of its opening will be announced later. The hotel will have 456 rooms. The Towers exclusive has come up on 527 sq ft while ITC one covers an area of 730 sq ft. ITC Royal Bengal Residences cover an area which vary anything between 1,000 sq ft and 1400 sq ft. The suites have come up on 1,056 sqft to 6,620 sq ft. All the rooms have been decorated keeping in mind Bengal’s rich heritage and tradition. Also Read – City bids adieu to Goddess DurgaThere is a grand market pavilion along with Ottimo Cucina Italiana, Royal Vega and Darjeeling lounge. All the lounges have been beautifully decorated. Elaborate space has been allotted to hold meetings and events. ITC Roya Bengal offers one of the largest and most distinctive banqueting facilities covering an area of 60,000 plus sq ft. The pillarless Bengal Stateroom covering an area of 16,500 sq ft, majestic Eastern Court an area on 2,800 sq ft . Multiple meeting spaces and sprawling laws make this hotel an ideal venue for both business and social events. Also Read – Centuries-old Durga Pujas continue to be hit among revellersITC Royal Bengal is an ode to the region’s rich cultural heritage. The monumental edifice celebrates Bengal’s regal lineage and ever evolving sensibilities. The introductory offer includes INR 1,000 hotel credit per room per night. Twenty five per cent savings on spa services, breakfast. 2X green points for club ITC members on the first day. Thoughtfully curated and artistically styled culinary experiences that bring alive a fine selection of local, national and global fare.last_img read more

Statistics Canada reports wholesale sales up 10 per cent in October

first_imgOTTAWA — Statistics Canada says wholesale sales rose 1.0 per cent to $63.8 billion in October.The increase more than offset a 0.7 per cent decline in September.Economists had expected a gain of 0.4 per cent for October, according to Thomson Reuters Eikon.The increase came as sales rose in four of the seven subsectors tracked, representing about 68 per cent of total wholesale sales.Statistics Canada says the machinery, equipment and supplies, and the personal and household goods subsectors contributed the most to the gains, while the motor vehicle and parts subsector posted the largest decline.In volume terms, wholesale sales increased 0.9 per cent.The Canadian Presslast_img read more

Morocco Tablets sales on the rise desktops in decline Report

Rabat – A new report from Euromonitor International has found that the main trend seen in computers and peripherals in Morocco in 2013 was a shift towards lower-priced and smaller products such as netbooks and tablets and other portable computers, while desktops and laptops saw decline.The report entitled “Computers and Peripherals in Morocco” has also found that these trends among Moroccan consumers are expected to continue in 2014 due to strong competition among retailers and consumers’ price-sensitivity.According to the report, social networking is expected to be a major driver for growth in sales of computers in the forecast period. Morocco was already the fourth leading African country in terms of Facebook usage, with over five million users in a population of 33 million and numbers rapidly rising. In the same context, many Moroccan consumers are expected to purchase tablets and netbooks as the popularity of websites such as Facebook and Twitter rises. This trend, the report added, is expected to be particularly pronounced among young aspirational and affluent consumers in urban areas but will widen as the forecast period continues.The report went on to add that American company Hewlett-Packard or HP was the clear leader in computers and peripherals throughout the review period and accounted for 30% volume share in 2013.The company offers a wide product range and benefits from its HP brand having a longstanding presence in Morocco. The company also benefits from offering competitive pricing and wide distribution via electronics and appliance specialist retailers, mixed retailers and hypermarkets.HP was the leading brand in desktops, laptops, netbooks, monitors and printers at the end of the review period, notably accounting for 49% volume share in the latter product category in 2013. read more

Ban Kimoon condemns fatal terrorist attack in southern Israel

9 April 2008Secretary-General Ban Ki-moon condemned today’s terrorist attack by Palestinian militants against the Nahal Oz depot in southern Israel, in which two Israeli civilian contractors working to supply fuel to the Gaza Strip were killed and others injured. “He is gravely concerned at the prospect of an escalation in violence,” according to a statement issued by Mr. Ban’s spokesperson. “The United Nations calls for the protection of all civilians in the conflict.”The spokesperson stressed that, while the Secretary-General recognized Israel’s legitimate right to self-defence, he deplored the reported civilian casualties among Palestinians during Israeli military operations this afternoon. read more

From council chambers of New York to battle front of Darfur UN

“Today… we rededicate ourselves to campaigning against the violence and abuse which millions of women still face daily,” Under-Secretary-General for Humanitarian Affairs Valerie Amos said in a statement shortly before her arrival in DRC, dubbed “the rape capital of the world” by the UN envoy for sexual violence in conflict, Margot Wallström.“The persistence of sexual violence in DRC shames us all, a disturbing and horrifying reality for thousands of children, women and men,” Ms. Amos added, stressing the need to provide girls and women with the education and information needed to ensure they have the confidence to stand up for themselves, to challenge and to be a central part of shaping their own futures.Ms. Wallström herself said that the war in the DRC, where conflict still rages in the eastern area of the vast country, is being “waged on the bodies of women and girls.” In an opinion piece terming the DRC “ground zero in the fight against sexual violence in conflict,” she called for an end to the culture of impunity and the illegal trade in smuggled minerals which funds the fighting and sustains the sexual violence and other mass atrocities.The Day was not only marked by horror stories from the war front but by appeals to shatter the glass ceilings that prevent women’s progress on all fronts including business. In New York, a forum on investing in women and entrepreneurship launched the Financial Independence Through Entrepreneurship (FITE) initiative to help women in the developing world start or expand businesses.“I like the acronym ‘FITE.’ This is what we all must do on behalf of women and girls,” Secretary-General Ban Ki-moon told the forum, co-organized by the UN Office for Partnerships (UNOP), the Business Civic Leadership Center, and the United States Chamber of Commerce. “Investing in women is not just the right thing to do, it is the smart thing to do,” he said, citing a recent study showing that the Fortune 500 companies with the highest number of women on their boards were 53 per cent more profitable than those with the fewest women board members.It was a message echoed by the UN Industrial Development Organization (UNIDO), which promotes industrial development for poverty reduction and inclusive globalization.“If women are able to access credit to invest in business ventures, markets to sell their products, knowledge to expand their businesses, diversify and undertake value addition, they will be in a position to better contribute to economic growth and development,” UNIDO Director-General Kandeh K. Yumkella said, stressing the need to eliminate gender disparities in education.From France, UN World Food Programme (WFP) Executive Director Josette Sheeran noted that “the sweat-stained face of a farmer, labouring under the hot sun to feed a hungry family, is likely to be that of a woman.” But she also stressed that the face of those defeating hunger is also likely to be a woman’s.“Women are our hope; the secret weapon in fighting hunger,” she said in a message. “We have found that when women are front and centre, we succeed in our efforts to beat hunger and malnutrition.”In Monrovia, Liberia, a country that a decade ago was plagued by civil war but has since made great strides towards democracy and stability, Michelle Bachelet, Executive Director of UN Women, the new entity grouping together the work of four previous UN bodies, marked the Day with President Ellen-Johnson Sirleaf, Africa’s first democratically elected female head of State.She called Liberia “a country where women’s influence in forging peace and recovery offers lessons for all countries to advancing general equality and women’s human rights.” In Darfur, where a war between the Sudanese Government, backed by militia allies, and various rebel groups has killed at least 300,000 people and displaced 2.7 million others since it erupted in 2003, the UN-African Union peacekeeping mission (UNAMID) celebrated the Day with a focus on this year’s theme: equal access to education, training and science and technology. In El Fasher, capital of North Darfur, hundreds of women, men and children took part in a solidarity march.And in another strife-plagued African country, Somalia, Mr. Ban’s Special Representative Augustine Mahiga underscored the need to give women more opportunities to lead, decide on and deliver peace in a country that has had no functioning central government for 20 years and has been riven by factional and sectarian violence that has killed countless thousands and driven hundreds of thousands more from their homes.“Women in your collective strength and disarming passion for peace, you must strive to be an indispensable factor in conflict resolution and peace making at all levels,” he said in a message.In Afghanistan, where 85 per cent of women are illiterate and only 37 per cent of the more than 7 million students in schools are girls, Special Representative Staffan de Mistura said it was up to all Afghans to make certain that strides for reconciliation and peace keep women’s and girls’ human rights at the centre of agreements. Events marking the Day were held in many other centres around the world. In Geneva UNAIDS Executive Director Michel Sidibé called for “a world where; all women can protect themselves and their children from HIV; all women have access to HIV treatment; and women and girls do not fear rape, violence and HIV infection.”Also in Geneva, a group of UN independent experts issued a joint appeal to Government to enact urgently all laws and regulations necessary to ensure full women’s rights to non-discrimination and equality.And half a world away in Bangkok, the Executive Secretary of the UN Economic and Social Commission for Asia and the Pacific (ESCAP), Noeleen Heyzer, hosted a ceremony at which five young women from Japan, Myanmar, Thailand and India who are studying and working in Thailand spoke of their aspirations in relation to this year’s theme. 8 March 2011From its plush New York Headquarters to the “rape capital of the world” in the Democratic Republic of the Congo (DRC), from the battle front in Darfur to the post-conflict stability of Liberia, the United Nations today marked International Women’s Day with a clarion call to end gender discrimination and violence once and for all. read more

Loonie starts to revive from losses US weakenstraders look to jobs data

Loonie starts to revive from losses, US$ weakens;traders look to jobs data TORONTO – The Canadian dollar was higher Monday as the U.S. currency weakened somewhat.The loonie ran ahead 0.58 of a cent to 89.40 cents US.The dollar sank 3/4 of a U.S. cent Friday to a six-month low following weak trade data and a U.S. currency that appreciated further on stronger job creation in the U.S. last month.As of Friday, the loonie was down over three cents from the beginning of September as the U.S. dollar strengthened against other major currencies.The stronger greenback has sent commodity prices skidding in recent weeks as it has gained ground amid heightened speculation that the U.S. Federal Reserve could move to hike rates sooner than expected.But a major reason for the stronger greenback has been a euro which has weakened sharply against a backdrop of practically non-existent inflation, weak economic data and a vow from the European Central Bank to take action to get the eurozone out of a deep funk, including driving interest rates to near zero.Commodity prices were mixed Monday with November crude in New York down 28 cents to US$89.46 a barrel, December copper was four cents higher to US$3.04 a pound while December gold gained $8.80 to US$1,201.70 an ounce.On the economic front, the major release of the week comes on Friday when Statistics Canada releases the employment report for September. Economists expect that the economy cranked out about 15,000 jobs.The agency will also release building permits data for August on Tuesday while September data on housing starts will be released by Canada Mortgage and Housing Corp. on Wednesday. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by Malcolm Morrison, The Canadian Press Posted Oct 6, 2014 9:54 am MDT read more

Upcoming launch of truth commission hailed by UN as step forward for

Tunisia will launch the Commission on 9 June at a seminar in the capital, Tunis, co-organized by the Office of the High Commissioner for Human Rights (OHCHR) in the country, the UN Development Programme (UNDP), the International Centre for Transitional Justice and the Tunisian Ministry of Human Rights and Transitional Justice. “The Commission is a very welcome step forward in addressing the human rights violations of the past, establishing the truth and providing accountability, recognition and reparations to the victims,” OHCHR spokesperson Rupert Colville told reporters in Geneva. In the wake of the 14 January 2011 revolution, Tunisia embarked on a dramatic transition towards increased democratic governance as a wave of popular protests that became known as the “Arab Spring” swept North Africa and the Middle East. As part of the broad and complex transformation in Tunisia under new leadership, the authorities have worked closely with several UN bodies and agencies. In partnership with the Ministry of Human Rights and Transitional Justice OHCHR, UNDP supported a national dialogue on transitional justice, with the active involvement of civil society and victims’ rights organizations. That process led to a 2013 draft law establishing the Commission on Truth and Dignity. The UN supports a range of efforts to uncover the facts about gross violations of human rights and international humanitarian law, and to promote justice, propose reparations and recommend reforms of abusive institutions. Over the past year, the UN has supported Commissions of Inquiry on, respectively, the Central African Republic, Syria and the Democratic People’s Republic of Korea, as well as the establishment of the Truth and Dignity Commission in Tunisia.Monday’s seminar will be addressed by President Mohamed Moncef Marzouki and a number of other high-level officials. UN High Commissioner for Human Rights Navi Pillay will address the seminar through a video message, as will Desmond Tutu, the President of the South African Truth and Reconciliation Commission.The heads of several other such commissions from Poland, Morocco, Peru, Guatemala and Kenya will also be there to share experiences from their countries. read more

Pick Szeged and PSG Handball only on 100 RK Vardar stopped in

8.Kristianstad5005138:1780 2.Vardar5401143:1328 7.Montpellier5005129:1470 6.Meshkov Brest5203134:1444 1.Paris SG5500161:12910 MOL Pick Szeged and PSG Handball stay the only two teams with clear winning series after ROund 5 of the VELUX EHF Champions League 2018/2019. RK Vardar are defeated in Kielce 31:27 who celebrated the fourth win in a row…Results…Skjern Handbold – PSG Handball 24:26Motor Zaporozhye – RK PPD Zagreb 35:27PGE Vive Kielce – RK Vardar Skopje 31:27MOL Pick Szeged – SG Flensburg Handewitt 30:28Elverum Handball – Riihimaen CocksHBC Nantes – RK Celje Pivovarna LaskoDinamo Bucuresti – Orlen Wisla PlockSTANDINGS: 5.PPD Zagreb5113133:1513 3.Vive Kielce5401155:1458 4.Rhein-Neckar5302163:1526 8.Celje410394:1132 MOL Pick SzegedPGE Vive KielcePSG HandballRK Vardar 1.Barcelona5401173:1368 6.Nantes4103128:1262 7.Motor Zaporozhye5104152:1622 3.Skjern5212146:1515 4.Flensburg-H.5203142:1394 5.Telekom Veszprem5302141:1426 2.Szeged5500149:13410 ← Previous Story EHF CL SUNDAY: Eight matches, derby time in Kielce and Szeged Next Story → Pick Szeged and PSG Handball to decide about direct place at 1/4 final! read more

NASAs 10 most incredible images of 2012

first_img 1 2 3 Just think of all those millennia our human ancestors spent looking up at the sky, spinning stories about the heavens. Little did they know that what’s actually going on up there is more magnificent than even the most audacious tales of mythical heroes and fiery chariots streaking across the sky.In more modern times, NASA has opened the doors of exploration with telescopes and probes that give us a window onto the wonders of space. Here’s a look back at the 10 best NASA images of 2012.1 – Venus transits the sunAs the planets careen around the sun, there is occasionally a fortuitous alignment. In June of 2012 the planet Venus transited the sun, which means it passed in front of Sol from Earth’s perspective. As the planet began its transit, the NASA/JAXA Hinode spacecraft was on hand to take some pictures. This amazing image [featured at the top] shows the sphere of Venus passing into the sun’s corona, silhouetted by the boiling backdrop of glowing plasma.Enjoy it — Venus won’t transit the sun again until 2117!2 – Saturn smiles for CassiniThe Cassini-Huygens probe was launched in October of 1997 and arrived at Saturn in 2004. It has taken some awe-inspiring images since then, but the new Saturn mosaic just released in mid-December takes things to a whole new level. The mosaic was taken with Saturn backlit by the sun — something that doesn’t happen very often from the craft’s perspective. Cassini was also closer, allowing it to capture this breathtaking false-color shot with incredible ring detail.3 – Incredible solar eruptionOur sun sure looks placid and life-sustaining up there in the sky, but it’s actually a torrent of super-hot plasma interwoven with magnetic fields. On August 31, 2012 Sol reminded us of that.NASA’s Solar Dynamics Observatory was watching that day when the magnetic fields at the sun’s surface whipped up a massive loop of plasma during a solar storm. The arch of plasma reached a maximum distance from the surface of 300,000 kilometers, and it shot out at 1,400 kilometers per second. Millions of tons of sun-stuff erupted from the star, and we were there to see it.4 – New Blue MarbleNASA spent the first weeks of 2012 running the new Suomi NPP Earth observation satellite through its paces. And what better way than to update that iconic Blue Marble image from a decade ago? The new Blue Marble shows Earth in staggering, beautiful detail. This image is a mosaic created from many shots of the planet taken by Suomi NPP on January 4, 2012.Next page: Curiosity’s selfie and more…last_img read more

Is This the Future of Publishing

first_imgOn Monday, the New York Times published a must-read profile of International Data Group, the large technology publisher that last year made a dramatic turn away from print to become a Web-focused company. (The big move came in April, when IDG shuttered the print edition of InfoWorld.)IDG’s online revenue has now surpassed its print revenue (52 percent online to 48 percent print) and its managers say they’ve adopted an online first business model.Perhaps not surprisingly for the Times, more than once the article hinted that IDG “may offer a glimpse of the future of publishing.”IDG CEO Pat McGovern is quoted as saying “there is life after print in fact, a better life after print.” The Times also tracked down Stewart Alsop, the editor of InfoWorld in the 90s, who said “what’s happening at IDG is a fairly accurate map for every other publishing organization.” But is it?The future-watching pundits are weighing in …BusinessWeek’s Aaron Pressman:I hate to be the bearer of bad news, especially for my own industry, but using what happened at IDG as a map for the rest of the publishing industry would be like using Christopher Columbus’s charts to fly to the moon. There’s a publishing pink elephant in the room that nobody in the NYT’s story seems to notice. Most of IDG’s publications are what’s known as controlled circulation. Readers paid nothing but were selected to receive titles like Infoworld gratis based on their attraction to certain advertisers. There is no subscription revenue to the publisher and the publisher still bears all the costs of printing and mailing. So when IDG shifts a publication to the web and stops printing, it can cut costs to the bone and shift advertisers to its Web site.Bob Sacks:There are still multi-billions of dollars in the print universe. Media that matters is in flux. Media that makes money is in flux. Our media universe is changing faster than we can possibly comprehend. Paul Conley:No publisher I know has done a better job of understanding the Web and making the transition away from print. I’ve had a pretty good view of the struggles the company has faced as it moved to a Web-first model. And just like everywhere else in journalism, most of those struggles involved stubborn and close-minded people. Truth be told, IDG has fewer stubborn and close-minded people than any publisher I know. My take: I tend to agree with Aaron. Magazines with controlled circulation and no subscription revenue are probably better positioned to make the transition than other magazines, where print accounts for 80 or 90 percent of the overall revenue, in some cases. But, also remember, IDG is the biggest tech publisher in the world. Smaller publishers, or those with audiences that haven’t made the wholesale migration to the Web (there are a few lost souls out there—think, for instance, the readers of Town & Country) are going to have a tough time making the leap, and will probably be clutching their luxury glossies on the way down.I do think this “Web-first” as a business trend is great, even if it’s about three years late.What do you think? Leave your thoughts in the comments section below …last_img read more

Star Trek Discovery cast members on the tech theyd phaseblast away

first_img Star Trek: Discovery cast on the one tech they could… Tags TV and Movies Star Trek 1 Comment This time around, I asked which contemporary technology they’d want to eliminate from their lives. The answers are familiar. “I definitely want to be less dependent on my phone,” said Sonequa Martin-Green, who plays Michael Burnham. “I don’t like how addicted I am to it, or how people around me are addicted to it,” said Anson Mount, who plays Christopher Pike. Mary Wiseman, who plays Cadet Sylvia Tilly, called out social media. “I don’t think it’s necessarily a service for the good,” she said. Mary Chiefo, who plays the Klingon L’Rell, had the most creative answer: “Let’s get rid of the 3D printers that make guns,” she said. “Oh, but keep all the other 3D printers,” she added with a smile. Discovery returns Jan. 17 on CBS All Access. (Disclosure: CBS All Access is owned by CBS, the parent company of CNET.) Star Trek: Discovery: Everything we know about the upcoming season.Mary Wiseman on Short Treks: A chat with Ensign Tilly as the show returns with online mini episodes. Now playing: Watch this: Discovery cast members aren’t fans of smartphones, even if they have to use them constantly.  Caitlin Petrakovitz/CNET Star Trek: Discovery’s cast members may spend plenty of time on their iPhones, but that doesn’t mean they enjoy them. When I first met the cast of Discovery in 2017, I asked the various actors what their favorite piece of technology was. Most said it was the smartphone. Share your voice 3:14last_img read more

CNET Asks Do you use a password manager

first_imgThink of all the sites and all the apps you’ve signed up for — that’s a lot of passwords. Some people choose to write theirs down in case they forget, or they use the “remember me” function when they log in, or worst of all, and very commonly, use the same exact password for everything.Many people have their own techniques for creating a strong password. This can come in handy, since most websites nowadays require a combination of either upper and lowercase letters, a number, a special character and a length requirement. Really it’s no wonder when people want to use the same one for everything. This is where password managers try and save you the hassle. Password managers are encrypted databases that store all your passwords in one location. All you have to remember is the master password for the manager itself. There are several different password managers out there, all of which boast different perks and benefits, such as strong password generation or biometric login like finger print scanning. We have a list of our favorite password managers here.  87 1:13 Share your voice Most of these sites offer free a free version of their services, as well as a more robust premium version for a few bucks a month. The main takeaway is that using a password manager will not only store all your passwords in one place, but also help create extremely strong, unique, random passwords for each site or app you use.While this sounds incredibly useful, some still have concerns. If the point of having a strong password to begin with is concerns over privacy and hacking, is it really safe to have all our passwords in one place? If someone is able to obtain my master password, they will then grab all my passwords in one fell swoop. Multifactor authentication makes this nefarious outcome much less likely and it personally eases my concerns, but does it ease yours? We have plenty more questions surrounding your views on these services below. Do you trust password management services with all your passwords? Is there a reason other than privacy you don’t use one? Is it cost? Do you have your own password creation method? If you do use one, which is your favorite? Take a look at our poll below to easily cast your vote. And as always, you can leave your opinion in the comments. Looking forward to hearing your thoughts.  Tags Now playing: Watch this:center_img Keep your data secure with a password manager Internet Software Sci-Tech Security CNET Asks Comments Encryption Privacylast_img read more

JDS leader Prajwal Revanna sticks to superstition to take oath as per

first_imgPrajwal RevannaTwitter [Representational Image]The wait is finally over for the Janata Dal (Secular) candidate and a newly-elected representative from Hassan parliamentary constituency, Prajwal Revanna who will take oath on Friday (June 21) as a member of the Lok Sabha.The 28-year-old Prajwal Revanna will take oath on Friday after 2.30 pm as per to his astrologer’s advice, as it is seen as an auspicious time. Just like the rest from the powerful JD(S) family, Prajwal has also been waiting for an auspicious day to make his way to the lower house. Being the son of Minister HD Revanna and the grandson of the party supremo HD Devegowda, Prajwal also makes his decisions based on the advice from astrologers.According to the reports, when rest of the Lok Sabha members took the oath of the office on Monday, Prajwal was absent from the Lower House proceedings. His name was also called in the Lok Sabha on Wednesday, after the election of the Lok Sabha Speaker, but he was not present, reports Deccan Herald.Prajwal attended the meeting of Karnataka MPs convened by Union Chemical and Fertilisers Minister DV Sadananda Gowda on Wednesday here. He is also likely to attend the dinner hosted by Prime Minister Narendra Modi for MPs on Thursday at Ashoka Hotel, adds the report.The Gowda family is known to be a lot more superstitious than any other political party in the state. Prajwal’s father HD Revanna chose to take the oath of office on 6 June 2018 at exactly 2.12 pm before other senior leaders as suggested by his astrologer.Earlier, Revanna used to travel between Bengaluru and Hassan (Holenarasipura-his constituency), a round trip of 350 km every day for six months to ward off evil, as his astrologer had advised him against sleeping in his own house in Bengaluru as long as he is a minister. If he did so, he would lose his ministerial berth was the claim behind this.last_img read more

The Hurting Locker Trust and liability are gone with the RBI wind

first_imgREUTERS/Vivek PrakashYour bank can now lock up responsibility and throw the key away without being questioned about it. The Reserve Bank of India made it official this week sans a notification to the effect. Never mind the Rs 2,500 or so maintenance fees which a bank slaps you with as locker charge. If your valuable laptop or diamond necklace goes missing, they will have no liability, whatsoever. That’s right. You lose your valuables kept in trust with the bank as part of a paid service and the bank has the right to not believe that it bears responsibility for your losses.The likelihood of dubious contents being stashed away inside a locker never really posed ethical issues for banks. Now, it appears that losing them through negligence doesn’t either. One private sector bank even advertises locker services on its website with the picture of an open locker brimming with cash and jewellery.Lockers rarely come cheap in the metros. Smaller lockers of private sector banks charge hiring fees as high as Rs 2,500 or above per annum in a metro city, while the larger lockers can be hired for upto Rs 10,000 per annum – provided you can break the long waiting list and get to them.When banks absolve all liability for customer losses for goods expected to be safe in their custody, the question of safekeeping ethics and professional probity will justifiably arise. The services and humanitarian angle to levying a charge on safekeeping is to ensure peace of mind and quick access to highly valuable goods, the safety of which otherwise, would not be guaranteed with any degree of probability. The fact that customers routinely hoard cash and valuables within bank lockers to escape the taxman’s scanner is a diverting sub-text.Regardless of the origin or sanctity of the lockered goods, the bank’s liability does not end with charging the locker fee – a fact that banking regulator RBI is aware of, and its customer-friendly moves on the Ombudsman Scheme this week, would amply attest to. Burglary or discovery by the wrong people is a key risk posed to valuables — which would not find their way to safe deposit boxes of public sector banks if they were as invulnerable as RBI’s repudium implies. No liability? [Representational image]Creative CommonsLots of gold in thereThe RBI feels that customers must not expect compensation for theft or burglary of their valuables within safe deposit boxes of public sector banks as locker hiring agreements typically absolve banks of all liabilities under almost any eventuality.Yellow may not be the colour of hope at the moment, unless you have earned your gold the wrong way, and can afford to lose large quantities of it in the event of a locker burglary or fire. As a master stash, gold leads the list, often in the form of jewellery – of the 22,000 tonnes of gold in the public domain in India, at least 15,000 tonnes languish within the murky confines of scores of bank lockers.Yes, that’s a lot of gold idling in there. But back to the RBI’s diktat. The regulator’s guideline which absolves banks of all liability in cases of theft of valuables in their custody is only a variation of the theme. For some time, the locker hiring agreements of banks have hinted at no less, though absolution of liability was sought by the bank only when certain conditions imposed by it were violated by the locker hirer.The locker hiring agreement of a leading private sector bank postulates thus: “The Hirer shall not assign, transfer or sublet the Locker or any part of it, nor permit it to be used for any purpose other than for the deposit of documents, jewellery or other valuables and shall not use the same for deposit of any property of any explosive or destructive or offensive nature or of a type which in the opinion of the Bank be/become a nuisance. The Hirer shall indemnify the Bank against any demand, claim, loss, damages, costs and expenses made against, sustained or incurred by the Bank by reason of the use of the Locker by the Hirer in contravention of this provision.”The central bank’s carte blanche now gives banks the wherewithal to strike out inconvenient conditional clauses which would even remotely pin liability or responsibility on their backs in the event of customers losing their valuable documents, jewellery or other valuables. But a virtual writeoff from responsibility already exists in bank locker agreements.Another section from the same private sector bank’s locker hiring agreement reads, “While the Bank will exercise all such normal precautions as it may in its absolute discretion deem fit, does not accept liability or responsibility of any loss or damage whatever sustained to items deposited in the Locker. Accordingly, the Hirer are advised in his/her own interest to insure any items of value deposited in the Locker with the Bank.The demand cartelThe demand for lockers often outstrips supply, and altering the legitimate torts within an agreement (with RBI’s graces) could, in future, help banks cater to an incredibly subservient cohort of well-heeled hirers who wouldn’t mind glossing over the loss of their cash/valuables after all. A drastic alternation of hirer profiles will have its impact, but banks stand to gain by way of the higher asset quality of goods coming into their custody. So, would future hirer profiles feature only mega rich clientele with pockets deep enough to absorb losses?That said, bank agreements do convey rather subtly that their relationship with a locker hirer is on the lines of a landlord-tenant accord, where residency is paid for, but not liability for losses or destruction of a stored good. But what is deliberately ignored is the bigger picture, which is that, unlike a conventional rental agreement, banks release their lockers to hirers after undertaking to ensure the security of the inventory in their custody – and without offering specific insurance cover for the locker’s contents.Allegations of a locker cartelisation plan being plotted by a coterie of public sector banks are rending the air. These may or may not be without basis at the moment. Indeed, there is a case for the Competition Act to be called into operation at this instant, when a blatantly anti-competitive nee anti-customer practice being promoted by the banking regulator threatens to rend the customer-banker relationship apart.The question of these public sector banks coming out of their self-serving mindset and becoming remotely customer-facing will be a tall order, for now best left to hope. Let the Competition Commission, RBI and the Union Finance Ministry start with mandating our lossmaking public sector banks to prescribe parameters which assess possible losses to locker hirers and assign accountability across their hierarchies in anticipation of an adverse event – instead of insuring themselves against future incompetence.last_img read more

Learning and earning

first_imgFor many, starting a business may seem to be a herculean task — investing money, effort, manpower and more.But young people, mainly university students, nowadays are breaking all conventions, carving a niche for themselves in innovative businesses.Alongside their studies, they spend their weekends, and any spare time they get, as entrepreneurs and are learning to conduct businesses of their own.  Nobonita Roy and Samia Binte AlamgirGrumpy Fish Samia Binte Alamgir and Nobonita Roy are MBA students at the University of Dhaka. Once, they made a T-shirt for one of their friends. Everybody liked the T-shirt for its unique design and they received an order of making some 800 T-shirts for their department’s picnic. That is how Samia and Nobonita began Grumpy Fish, an online-based T-shirt shop. “Many people want to wear T-shirts which suit their taste. We, first designed T-shirts themed on foreign TV series like ‘Friends’, and ‘Game of Thrones’. But now, we use local fictional characters like Feluda, Kakababu and Byomkesh on our T-shirts,” said Samia.She added that they apply a lot of what they learn in their MBA classes, to their business.”Grumpy Fish is a registered organisation and aim to eventually go global,” Samia said. WahiduzzamanFoodifieWahiduzzaman is a BBA student of Daffodil International University (DIU). He opened a makeshift juice stall near the campus on the Bangla New Year, Pahela Baishakh, last year. Then he participated in the Marketing Fest running a food shop on campus.Once, Wahiduzzaman shared his business ideas with the vice-chancellor. The VC was impressed and allotted him a space in the campus for a juice corner.Now he runs a restaurant near DIU Shukrabad campus with around a dozen employees.”I run my restaurant and continue with ny studies too. I cook the khichuri myself,” Wahiduzzaman told Prothom Alo. Humayra Noor AfsanaGoynar Baksho Humayra Noor Afsana is a student of BRAC University. Her brother lives in Australia. He used to send her ornaments from there. As her collection of jewellery started increasing, she decided to sell them through a Facebook page, Goynar Baksho.BD. The page became popular and presently has more than 33,000 followers. She now gets around 10 orders every day through the page.Humayra participated in the Global Students Entrepreneurship Award last year with her business project.”I was not selected to participate in the international part of the competition but was in the top five of the national level. That inspired me a lot,” she said.The young entrepreneur also said, “I want to popularise local ornaments in the global arena.”*The article, originally published in Prothom Alo print edition, has been rewritten in English by Imam Hossainlast_img read more

Global Ketone Based Solvents Market Opportunities and Advanced Technologies in Emerging

first_imgKetone Based Solvent Ketone Based Solvents are widely used in the paints and coating industry.The research report, titled Global Ketone Based Solvents Market, is an analytical study of the global ketone based solvents market, aided by an in-depth analysis of the performance of the market, both historically and in recent times using efficient analytical tools such as market feasibility and investment return to find out market attractiveness and to make future projections about this industry.The report begins with a brief introduction and market overview, in which the Ketone Based Solvents industry is first defined before estimating its market scope and size. Next, the report elaborates on the market scope and market size estimation. This is followed by an overview of the market segmentation such as type, application, and region. The drivers, limitations, and opportunities are listed for the Ketone Based Solvents industry, followed by industry news and policies.Get Sample Copy of this Report @ https://www.bigmarketresearch.com/request-sample/3247135utm_source=HTN&utm_medium=ShifaliThe report includes an analysis of the growth rate of every segment with the help of charts and tables. In addition, the market across various regions is analyzed in the report, including North America, Europe, Asia-Pacific, and LAMEA. The report manifests the growth trends and future opportunities in every region.In this Ketone Based Solvents Market research report, the major factors driving the growth of this market were documented and the business partners & end operators were long-winded. The configuration of the business division, examples and complications manipulating the market internationally are similarly a piece of this broad analysis.The various factors supporting the market’s trajectory and those posing threats are studied in the report in detail. Furthermore, the market study segments the Global Ketone Based Solvents Market based on application and industry chain structure. In these sections, it covers various factors influencing the market’s trajectory across the segments. Furthermore, it identifies the most profitable of them all to help investors take the well-versed decision.For the future period, sound forecasts on market value and volume are offered for each type and application. In the same period, the report also provides a detailed analysis of market value and consumption for each region. These insights are helpful in devising strategies for the future and take necessary steps. New project investment feasibility analysis and SWOT analysis are offered along with insights on industry barriers. Research findings and conclusions are mentioned at the end.Reasons for Buying This Report:•It Provides A Forward-Looking Perspective on Different Factors Driving or Restraining Market Growth.•It Provides A Five-Year Forecast Assessed on the Basis of How the Market Is Predicted to Grow•It Helps in Understanding the Key Product Segments and Their Future.•It Provides Pin Point Analysis of Changing Competition Dynamics and Keeps You Ahead of Competitors.•It Helps in Making Informed Business Decisions by Having Complete Insights of Market and By Making an In-Depth Analysis of Market Segments.Get a discount on this research report @ https://www.bigmarketresearch.com/request-for-discount/3247135?utm_source=HTN&utm_medium=ShifaliAbout Us: Big Market Research has a range of research reports from various publishers across the world. Our database of reports of various market categories and sub-categories would help to find the exact report you may be looking for.Contact Us:Mr. Abhishek PaliwalBig Market Research5933 NE Win Sivers Drive, #205, Portland,OR 97220 United StatesDirect: +1-971-202-1575Toll Free: +1-800-910-6452E-mail help@bigmarketresearch.comlast_img read more

Recruiting companies offer jobs for bilingual professionals

first_imgRelated posts:Companies announce job openings in business, engineering and interpretation services Employers more cautious on hiring during upcoming quarter Recruiters: Preparation is key to success at upcoming CINDE Job Fair  Microsoft to hire 280 new employees for its Costa Rican operation Two consulting companies this week announced they are on the lookout for bilingual professionals in several areas.Manpower Central America began an expansion process with 60 vacancies for immediate Costa Rica jobs in financial and accounting areas.The recruitment company is looking for professionals in financial analysis, finances, accounting and business administration, with a minimum experience of one year in similar posts. Interested candidates must demonstrate experience in advanced MS Excel and at least 85 percent command of the English language, both oral and written.Candidates should submit résumés in English to carolina.marin@citi.com or bring a print version to Manpower offices in Plaza Mayor, Pavas, west of San José, before Feb. 24.Jobs also are available at recruiting and consulting firm Deloitte, which is looking to fill 20 posts for senior consultants in business administration, engineering, economics and other business-related careers.Applicants must be 100 percent bilingual (English-Spanish) and with a proven experience in process improvement, operations and logistics, or finance. Recruiters also will prioritize candidates with experience in multinational companies, shared services centers, or large domestic companies.Deloitte also is looking for professionals in business transformation and senior consultants in Systems, Applications and Products (SAP) who have at least five years of experience in companies from the manufacturing and retail sectors. Posts for junior consultants also are available for professionals with at least three years of experience.Those interested in these jobs can send résumés by email to reclutamientocsc@deloitte.com. Make sure to write the name of the post for which you are applying in the subject line. Facebook Commentslast_img read more

Virgin SabreSonics its ticketing system

first_imgSource = e-Travel Blackboard: N.J As part of the carrier’s Game Change Program, Virgin Australia has announced it will transitions its ticketing system into the new SabreSonic Customer Sales and Service (CSS) system.Expecting migration to be complete by March 2013, Virgin Australia group of airlines chief financial officer Sankar Narayan explained the system would “enhance” the airline’s performance across business as well as enable the carrier to support integrated tickets with its alliance partners.“Importantly, it will support the excellent work our team members already do in providing our guests with a first-rate travel experience,” Mr Narayan said.  “Our  Program  Team  will  form  a  strong  collaborative  partnership  with  Sabre  to  ensure  the  quality  of  the integrated solution incorporating our people, business processes and technology. “These aspects will be our focus to ensure the best possible outcome for our airline and our guests.” The new Sabre system will allow the carrier to incorporate sales distribution and merchandising, guest recognition, electronic ticketing, e-commerce, inventory and revenue, check-in and departure control all in the one platform.Sabre Airline Solutions president Hugh Jones added that the new system would “strengthen” the carrier’s business capability.last_img read more

Vienna tops Mercers 21st Quality of Living ranking

first_imgMercer’s 21st annual Quality of Living survey shows that many cities around the world still offer attractive environments in which to do business, and the best understand that the quality of living is an essential component of a city’s attractiveness for businesses and mobile talent.Globally, Vienna tops the ranking for the 10th year running, closely followed by Zurich. Tied in third place are Auckland, Munich and Vancouver – the highest ranking city in North America for the last 10 years. Singapore (25), Montevideo (78) and Port Louis (83) retain their status as the highest ranking cities in Asia, South America and Africa respectively. Despite still featuring at the bottom of the quality of living list, Baghdad has witnessed significant improvements related to both safety and health services. Caracas, however, saw living standards drop following significant political and economic instability.“Strong, on-the-ground capabilities are integral to the global operations of most international businesses and are in large part driven by the personal and professional well-being of the individuals that companies place in those locations,” said Ilya Bonic, Senior Partner and President of Mercer’s Career business. “Companies looking to expand overseas have a host of considerations when identifying where best to locate staff and new offices. The key is relevant, reliable data and standardised measurement, which are essential for employers to make critical decisions, from deciding where to establish offices to determining how to distribute, house and remunerate their global workforces.”Mercer’s authoritative survey is one of the most comprehensive of its type in the world and is conducted annually to enable multinational companies and other organisations to compensate employees fairly when placing them on international assignments. In addition to valuable data on relative quality of living, Mercer’s survey provides assessment for more than 450 cities throughout the world; this ranking includes 231 of these cities.This year, Mercer provides a separate ranking on personal safety, which analyses cities’ internal stability; crime levels; law enforcement; limitations on personal freedom; relationships with other countries and freedom of press. Personal safety is the cornerstone of stability in any city, without which business and talent cannot thrive. This year, Western Europe dominates the rankings, with Luxembourg named as the safest city in the world, followed by Helsinki and the Swiss cities of Basel, Bern and Zurich in joint second. According to Mercer’s 2019 personal safety ranking, Damascus ranked bottom in 231st place and Bangui in the Central African Republic scored second lowest in 230th place.last_img read more

January 15 2019

first_imgJanuary 15 , 2019 The calm before the storm: Undersupplied U.S. tabl … You might also be interested in With heavy rain continuing in California today, more ponding on the roads might occur. Drive safely out there! pic.twitter.com/GzVrjceQ3R— WeatherNation (@WeatherNation) January 15, 2019 U.S.: “Major storms” to strike California, threate … California is facing back-to-back storms this week with torrential rain and heavy snowfall throughout much of the state, resulting in mudslides and flood warnings.The grouping of storms is described as the biggest to hit the drought-ridden state in several years. The rain began on Monday in earnest and is due to continue off and on for the next three days before clearing out Friday.Weathermelon said the most intense location for rain from these storms will be in the areas of Ventura, Oxnard and Santa Paula.”Ventura is a big area for lemons, Oxnard has some winter veg right now and Santa Paula is a big area for avocados. The region is expecting 5-7” of rain between today and Thursday,” it said.It added that this is an “extreme amount of rain for this part of the world”, and more than the state may get during the entire winter rainy season in some years.Santa Maria is expecting another 2” of rain over the next three days, most likely affecting harvests as well. The Coachella Valley is expecting .25” on Thursday. The Sierra Mountains which line the east side of the San Joaquin Valley are expecting over 2 feet of snow from these storms, which is good news for the water supplies needed to produce summer crops up and down the state.   Below is a selection of Twitter posts about the weather:center_img A parade of Pacific storms will plow into California over the next week and the result will be heavy rain, mountain snow, gusty winds, high surf and possible flooding, especially near recent wildfire burn scars. Here is a look at precipitation amounts over the next 7 days. #CAwx pic.twitter.com/TJ4mAljZdQ— NWS (@NWS) January 11, 2019 Flooding rain, yards of snow and mudslides are expected in parts of California. https://t.co/nRNOSNFMBz pic.twitter.com/kqUatoYLHU— USA TODAY (@USATODAY) January 15, 2019 U.S.: More rain coming to California … Strawberries in Charts: Expected California shorta …last_img read more