Nova Scotians and visitors to the province can now getinformation on summer health and safety from one online source. The province’s Enjoy Summer Safely website provides tips on handwashing, food safety, road safety, avoiding heat illness andpreventing illnesses carried by insects and animals. The site also contains links to information on well watertesting, sun safety and a wide range of other summer topics. “More Nova Scotians are getting their information from theInternet these days, so the Enjoy Summer Safely site gives them away to access health and safety information provided by a numberof government departments without having to search severalsites,” said Dr. Jeff Scott, chief medical officer of health forNova Scotia. Several cultural and recreational events in the province thissummer will mean that more Nova Scotians and visitors will be onthe roads, enjoying the sun, great food, and possibly joiningcrowds of others for all that the province has to offer said Dr.Scott. “This website is a great spot for people to get useful tipsbefore they travel the province, or to stay informed if theyprefer to remain at home and enjoy their own communities,” saidDr. Scott. The website contains a fact sheet with tips on how to enjoysummer safely, as well as links to many government and relatedsites on specific summer safety topics. The website can beaccessed at www.gov.ns.ca by clicking on the Enjoy Summer Safelyicon.
New Delhi: Delhi Chief Minister Arvind Kejriwal Tuesday inaugurated the 2.85 km signal-free new RTR Flyover, and said a few more such projects will come up in the national capital before the end of his government’s tenure. The elevated corridor of Rao Tula Ram Flyover, built at a cost of Rs 205 crore on the Outer Ring Road, will help decongest the area and prove a boon for people commuting towards the IGI airport from south Delhi and Noida. Also Read – Bangla Sahib Gurudwara bans use of all types of plastic items “In 15 years, the Sheila Dikshit government built 70 flyovers. In the last four-and-a-half years, our (AAP) government has built 23 flyovers,” Kejriwal said in his address after inaugurating the flyover. “We do our work, but we don’t advertise much. Now, it is for the people to spread word about the work we have done in the last four-and-a-half years,” he said. Hitting out at his detractors, the AAP chief said after the inauguration of the Signature Bridge, a member of the opposition party had sought to take credit of that project. Also Read – After eight years, businessman arrested for kidnap & murder “We believe in doing our work and not indulging in dirty politics. The Delhi government has worked a lot in education, health and other sectors, and our work will speak,” he said. Interacting with reporters after the event, he said the AAP government not only worked on mega infrastructure projects but also built roads, sewage lines and provided other facilities in unauthorised colonies to reach out to the ordinary people. Asked if more projects were in the offing before the end of his government’s tenure, Kejriwal said, “Yes, a few more such projects will come up soon.” The chief minister said the RTR Flyover was the 23rd flyover to be built by his government in the last four-and-a-half years. The newly-built flyover branches out of Munirka Flyover and ends before Army Research and Referral Hospital near Subroto Park close to National Highway-8. The construction of this elevated corridor started in November 2014. It was to be completed by November 2016, but missed several deadlines. Delhi PWD Minister Satyendar Jain, RK Puram MLA Pramila Tokas and AAP MLA Somnath Bharti were also present at the event which took place on a section of the flyover.
She’s not old enough to get her learner’s permit, but Autumn Peltier has been a driving force in the fight to protect water in Canada’s Indigenous communities for years.The teenage activist from Wiikwemkoong First Nation on Manitoulin Island in northern Ontario has been engaged in the issue since she first came across a boil-water advisory in a nearby Anishinaabe community when she was eight years old.But Peltier said she’s had this connection since she was in the womb, where according to cultural teachings, one learns to love water as they love their mother. It traces back even further to her female ancestors, from whom she inherited her traditional role as a water carrier.As she turns 15 on Friday, the same day students across Canada are expected to march in a massive strike intended to disrupt climate-change inaction, Peltier finds herself at the forefront of an environmental movement being led by youth like her and Swedish climate activist Greta Thunberg.This weekend, Peltier — the chief water commissioner for Anishinabek Nation, which advocates for 40 member First Nations in Ontario — will return to the United Nations to share her vision for a world in which everyone has access to clean water.“I’m willing to do my best to represent Canada and the Indigenous people and have a strong voice for our future,” she said by phone from New York.“I basically want to tell them about the importance of water from a cultural, spiritual level, and then try to tell them that it’s time for action.”Peltier is set to address hundreds of international guests on Saturday at the Global Landscapes Forum, a platform on land use backed by UN Environment.It’s her second time speaking at the UN headquarters in Manhattan, having urged the General Assembly to “warrior up” and take a stand for our planet last year.Peltier, who is nominated for the 2019 International Children’s Peace Prize by the David Suzuki Foundation, has spread her message at hundreds of events around the world, her mother, Stephanie Peltier, said.In 2015, Peltier attended the Children’s Climate Conference in Sweden, and a year later, confronted Prime Minister Justin Trudeau about his “broken promises” at a meeting of the Assembly of First Nations.“She has taken Canada’s water crisis on Indigenous lands to the global stage,” Robert Nasi, executive director of the Global Landscapes Forum, said in a statement.Peltier will help kick off the forum’s conference on ecosystem restoration with a speech drawing on her spiritual knowledge about Indigenous Peoples’ connection to land, water and Mother Earth.The event comes on the heels of the UN’s Climate Action Summit, where earlier this week 16-year-old Thunberg delivered an impassioned plea and scolded world leaders for their inaction on climate change. Thunberg is expected to attend Friday’s climate protests in Montreal.Peltier had hoped to meet up with Thunberg in New York, but said making plans proved to be difficult. She’s still excited to connect with other international youth activists, particularly those from Indigenous communities.Peltier feels her generation is leading the charge on climate change, because while they may not have created the problem, they’re poised to suffer the most severe consequences.“Will we even have a future to look forward to, for our future children, grandchildren?” she said. “This is our future we’re trying to protect and take care of, because it’s being basically destroyed.”With youth-led climate strikes sprouting up across the globe, Peltier’s mother said there are signs that adults are finally catching up.“Where I come from, the youth are our teachers. We learn from them, and so you have to listen to them,” Stephanie Peltier said. “Today, I think it’s just an eye-opener, and the youth are being empowered and they’re being allowed to share.”She said her daughter’s Instagram audience has seen a tenfold increase this week from 5,500 followers to more than 55,000 as of Thursday afternoon.She assumes that Thunberg’s moment in the global spotlight may be a factor in this exponential growth. She noted that young Indigenous activists have long been advocating for environmental issues, but are only now receiving recognition.“We know first hand … that our people have been impacted for many years,” she said. “Now everybody’s saying, hey, what about the Indigenous people? They’ve been doing this work too.”This report was published by The Canadian Press on Sept. 26, 2019.Adina Bresge, The Canadian Press
CALGARY — The CEO of an Indigenous energy company says a project to transform oilsands bitumen into pucks for safer shipping to customers around the world will potentially create needed jobs in northern Alberta while helping to recycle plastic litter.Jeff Paquin says the project his company, Wapahki Energy Ltd., is working on with Canadian National Railway Co. could also result in a long-term revenue stream for its owner, the Heart Lake First Nation, a tiny community of about 250 members surrounded by several thermal oilsands projects.CN Rail has been working for years on its “CanaPux” technology that mixes and coats heavy, sticky bitumen oil with recycled polymer plastic, creating a product the size and shape of a bar of soap that can be shipped in rail cars or shipping containers and will float if spilled into water.It revealed last month a joint venture plan to build a pilot plant for about $50 million to process 10,000 barrels per day of bitumen, with a commercial facility with capacity of 50,000 barrels per day to follow.During a presentation to the Indigenous Energy Summit on the Tsuut’ina Nation on Thursday, Paquin said Wapahki and CN are to each contribute $16.7 million to the joint venture to build the CanaPux pilot plant, with the remainder coming from either industry partners or government or a mix of both.The community would separately build and own a facility to clean and process 300 tonnes per day of recycled plastic, creating more than 200 jobs, and a biomass-fuelled power plant that would employ about 50 people.“We all know that Canada and the rest of the world have a real issue when it comes to plastics,” Paquin said.“Why not introduce a solution to use that plastic, divert it from landfills, and use that as part of the manufacturing of CanaPux. You’re creating jobs on the recycling side for the northern communities.” Companies in this article: (TSX:CNR) The Canadian Press
Judge Andresia Vaz, Vice-President of the International Criminal Tribunal for Rwanda (ICTR), led the ceremony by asking for prayers for the souls of the estimated 800,000 victims of the killings. She laid a wreath at the site of a permanent monument, which honours both Rwandans and ICTR staff members who have died, in Arusha.Staff observed a minute’s silence after the wreath was laid and there were speeches from ICTR officials, staff and the leaders of local religious institutions.In a statement to mark the occasion, ICTR Prosecutor Hassan B. Jallow said the Tribunal’s work aims not just to provide justice to the victims of the genocide, but to also help promote peace and reconciliation in Rwanda.”It is meant to send a message to the rest of the world that there is an end to tolerance of impunity; that people who engage in such reprehensible conduct, particularly those in positions of leadership, will be held to account for their behaviour,” he said.Set up by the Security Council to try people responsible for the genocide and for other human rights violations during 1994, the ICTR has so far delivered 15 judgments involving 21 accused people, convicting 18 of them and acquitting three others. Nine of the convicted have been sentenced to jail for the rest of their lives.The trials of 21 other people are currently in progress, and two of them continued today. Another 21 people are in custody awaiting the start of their trial.Mr. Jallow said there are still many indicted suspects who remain at large, despite several Security Council resolutions urging States to arrest them and hand them over to the ICTR.He also said that countries could cooperate with the ICTR by agreeing to accept the transfer of the cases of some Arusha detainees to their domestic jurisdictions. The Tribunal is trying to clear its backlog so that it can meet a Security Council timetable requiring all work to be finished by 2010.”The rest of the world should support those States that are willing to accept cases but are constrained by resource difficulties,” Mr. Jallow said.
With the wide-ranging impacts of last December’s devastating Indian Ocean earthquake and tsunami now becoming clear, the United Nations tourism agency has called experts and journalists to the Indonesian resort island of Bali for a first-ever regional meeting focusing on crisis communications and the role of the media in tourism.Marking a turning point for media relations and crisis communications in Asia and the Pacific, the World Tourism Organization (WTO) has joined the Indonesian Government in hosting the Regional Conference on Tourism Communications (TOURCOM). The two-day meeting is expected to draw decision makers in international tourism communications from the public, private sectors and a large group of journalists.The Conference’s main goal is to share experiences and exchange views on a wide range of tourism communications issues, such as media relations, corporate and marketing communications and to establish a new partnership between the tourism community and the travel and business media.And since Indonesia was hardest hit by last December’s tsunami, which indirectly affected its tourism image, a very important part of the Conference will be dedicated to risk and crisis communications in tourism.“TOURCOM creates an opportunity for tourism and the media to listen to and learn from one another,” WTO Deputy Secretary-General Dawid de Villiers said. “The view of media professionals on improved communications, on the one hand, and explanations from the tourism sector on the workings of the tourism industry on the other hand, can contribute to constructive discussions and a better mutual understanding.”The Conference was to have been opened with a video message from the UN Special Envoy for Tsunami Recovery Bill Clinton, who stressed that tourists need more information about the impact the tsunami has had on tourist facilities. “Some potential tourists simply do not know that many of the resorts in the region are fully recovered and open for business. As members of the media – you have the power to disseminate valuable information to the public,” the former US President said.“Nothing has driven this message home more directly than the series of shocks and crises of the last four years, beginning with September 11 and followed by more terrorist attacks, a war, a SARS epidemic, the tsunami, earthquakes, and so on. Communications is key to the challenge of managing a global industry in a volatile world,” underscored Mr. de Villiers.
TORONTO – Some of the most active companies traded Wednesday on the Toronto Stock Exchange and the TSX Venture Exchange:Toronto Stock Exchange (11,929.79 down 204.87 points):Bombardier Inc. (TSX:BBD.B). Transportation equipment. Down 11 cents, or 3.33 per cent, at $3.19 on 11,511,828 shares. Standard and Poor’s rating agency downgraded the plane and train maker’s long-term corporate rating one notch after to weak third-quarter results. However, Moody’s restored Bombardier’s liquidity rating to SGL-2, indicating good liquidity, Wednesday after downgrading it last week.Manulife Financial Corp. (TSX:MFC). Insurer. Down 19 cents, or 1.56 per cent, at $11.96 on 6,671,512 shares. The financials sector dropped 1.26 per cent to 179.39 points.Kinross Gold Corp. (TSX:K). Miner. Down 44 cents, or 4.40 per cent, at $9.57 on 5,431,902 shares.B2Gold Corp. (TSX:BTO). Miner. Down 19 cents, or 4.92 per cent, at $3.67 on 4,685,760 shares. The Vancouver-based miner booked adjusted earnings of $19.6 million or five cents per share compared with $18.3 million or five cents per share in the same 2011 period. Gold revenue jumped to a record $67.1 million as ounces sold increased despite lower average price.Yamana Gold Inc. (TSX:YRI). Miner. Down 71 cents, or 3.62 per cent, at $18.90 on 4,658,407 shares. The gold sector was the largest decliner, dropping 3.97 per cent to 313.49 points.Air Canada (TSX:AC.B). Airline. Up three cents, or 1.65 per cent, at $1.85 on 4,618,945 shares. ACE Aviation Holdings Inc. (TSXV:ACE.H) sold 31 million Air Canada shares, 1.25 million warrants to purchase Air Canada shares at an exercise price of $1.51 and 1.25 million warrants with an exercise price of $1.44. AC is being dissolved now that its subsidiaries, including the airline, have been spun off or sold.TSX Venture Exchange (1,258.69 down 28.20 points):Petroamerica Oil Corp. (TSXV:PTA). Oil and gas explorer. Up four cents, or 17.39 per cent, at 27 cents on 5,402,000 shares. The Calgary-based company said Tuesday light oil was discovered at its La Casona-1 exploration well in Colombia.Sagres Energy Inc. (TSXV:SGI). Oil and gas explorer. Unchanged at a penny on 4,731,000 shares.Companies reporting major news:Iamgold Corp. (TSX:IMG). Miner. Down $2.90, or 19.49 per cent, at $11.98 on 3,640,900 shares. Shares plunged as low as $11.93, or by nearly 20 per cent compared with yesterday’s close, after the gold miner missed analyst expectations in its third quarter. In its earnings report released after markets closed Tuesday, Iamgold cited lower gold sales and higher exploration expenses for a drop in revenue and adjusted profit in the third quarter.Loblaw Companies Ltd. (TSX:L). Grocer. Up 29 cents, or 0.87 per cent, at $33.64 on 880,015 shares. The grocery, pharmacy and general merchandise retailer is boosting its dividend by nearly five per cent despite a drop in third-quarter results. Net income fell by 5.9 per cent to $222 million while overall revenue grew by one per cent to $9.8 billion.Rona Inc. (TS:RON). Home improvement retailer. Up 54 cents, or 4.92 per cent, at $11.52 on 1,072,797 shares. The company’s second-largest institutional shareholder said it was seeking to sweep out the existing board and install new directors. The fund manager, which owns about one-tenth of Rona`s shares, issued the call for change after the chain reported dismal financial results last week and its long-time chief executive resigned. Most actively traded companies on the TSX, TSX Venture Exchange markets AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by The Canadian Press Posted Nov 14, 2012 8:30 pm MDT
LAS VEGAS — Max Pacioretty scored twice and Marc-Andre Fleury stopped 33 shots to earn his league-leading fifth shutout of the season as the Vegas Golden Knights defeated the San Jose Sharks 6-0 Saturday night.It was the second shutout in as many nights for Fleury and marked the first time the 15-year veteran recorded back-to-back shutouts since the 2014-15 season, when he blanked Calgary (Feb. 4) and Edmonton (Feb. 6). On Friday, Fleury stopped 29 shots against Calgary.The Sharks came into the game having scored 75 goals this season, tied for sixth in the league. But San Jose couldn’t find the back of the net.It was the 53rd shutout of Fleury’s career, and moved him into a tie for 23rd all-time with Nashville’s Pekka Rinne.William Karlsson, Colin Miller, William Carrier and Alex Tuch also scored for Vegas.Vegas was 3-0-1 against the Sharks last season, and eliminated them from the second round of the playoffs.Aaron Dell, who registered shutouts in his previous two starts, made 30 saves in the loss.Karlsson got the Golden Knights on the board moments after the puck drop, scoring the fastest goal in franchise history, just 14 seconds into the game. Miller, who also had an assist, ripped a slap shot from the circle to make it 2-0 shortly thereafter.Pacioretty, who has at least one point in four of his last five games, scored the team’s next two goals as he took a pass from Reilly Smith and one-timed it to the net midway through the period and later punched home a loose puck after Dell poke-checked the puck from Tuch.The four goals in the first period were the most in any period by the Golden Knights this season.Carrier, who leads the league with 122 hits, got the lone goal in the second period when he backhanded the puck just under Dell’s pads to make it 5-0.Tuch continued his impressive season with his seventh goal of the season in the third period.NOTES: Vegas is 4-1-0 since Nate Schmidt returned from a 20-game suspension. … Vegas D Nick Holden is one game shy of his 400th career game. … With his two assists, Reilly Smith is riding a five-game point streak (1 goal, 7 assists). … San Jose is now 1-5-0 when its opponents score first. … The Sharks are outshooting opponents 842-686 and have outshot their opponent in 18 of 24 games.UP NEXTSharks: Continue a five-game road trip in Buffalo on Tuesday.Golden Knights: Visit Chicago on Tuesday.___More AP NHL: https://apnews.com/tag/NHL and https://twitter.com/AP_SportsW.G. Ramirez, The Associated Press
Ohio State men’s volleyball player Jamie Wolmering holds up the club volleyball runner-up trophy. Credit: Cathy WolmeringJamie Wolmering never thought he’d play for the Ohio State men’s volleyball team.The redshirt sophomore played Division III basketball before transferring to Ohio State and joining the club volleyball team. He eventually made his way onto the varsity squad.Despite multiple Division II volleyball offers, Wolmering decided to play basketball at Division III SUNY Oswego from 2015-16.“I just kind of thought it was the school for me because they had my major at the time. They were good at basketball, they were in state and my parents could watch me play,” Wolmering said.Head men’s volleyball coach Pete Hanson said he was interested in Wolmering when he saw him play in high school, but had no room for him at outside hitter. When he found out Wolmering transferred to Ohio State and one of his middle blockers decided to quit the team, Hanson reached out to Wolmering.During Wolmering’s first year on campus during the 2017 season, playing for the Ohio State club volleyball team, he helped lead the Buckeyes to a runner-up finish in the Club Nationals. “We had heard what the club team had done and they had a good year,” Hanson said. “I happened to see him really at the end of our season when our season was actually over and this other young man told me he wasn’t going to return. That’s when I kind of circled back to Jamie because I still had his contact information here at Ohio State and said if you are still interested in being a part of our program here’s the way to do it.”Hanson suggested the best way for Wolmering to make the team was to switch from outside hitter to middle blocker.Wolmering had always been an outside hitter, and was shocked Hanson asked him to make such a drastic position change.Wolmering said his response to the request for a position change was to give his coach a funny look and tell him he had never played middle blocker before. But Hanson told him the team will work with him to make the transition easier over the summer.Wolmering credits his year of club volleyball for helping him transition smoother to the varsity team.“It was a lot more competitive than I thought it was going to be going in,” Wolmering said. “So I really think that helped me get my skills back and just play with good competition again.” One thing that transferred from club to varsity was his coachability, Hanson said. The A-team coach for club volleyball, Isaac Navar, and Hanson both brought up Wolmering’s work ethic and patience working with the staff as reasons why they enjoyed coaching him.Hanson said that coachability and work ethic were the main reasons he stuck on the team’s roster.“He’s not one that is opposed to working hard or working extra,” Hanson said. “He’s all in as we say and that’s kind of what we wanted and if he hadn’t been we probably wouldn’t have kept him around. He wouldn’t have made it to this level or this stage if he wasn’t willing to put in extra time because he was behind these other guys and to catch up to them you have to work harder.”Wolmering’s route to varsity was atypical, and Navar said it usually works the other way around.“It’s a unique situation, usually, it works the other way around. We get the ex-varsity players who have finished their NCAA eligibility, but they still have a year of academics to go,” Navar said.Wolmering didn’t take the perfect path to becoming a Division I volleyball player. But now that he’s made it, he’s starting to see the results of the work he’s put in since he was just a Division III basketball player.Wolmering and the Buckeyes will take to the court to open the season at 7 p.m. on Jan. 6 against North Greenville at St. John Arena.
Facebook Twitter Google+LinkedInPinterestWhatsAppNassau, 16 Jul 2015 – Breitling, the luxury watchmaker whose brand conjures up images of the finest in aviation pioneering and the upper limits of fine auto racing, revealed its new collection directly from Switzerland at a prestigious, invitation-only event for its Bahamian clientele, a company spokesperson said today.“The Bahamas, though small in population relative to many of our markets, has an incredibly sophisticated and discerning population that appreciates fine workmanship and true quality. Being one of 44 Breitling boutiques worldwide, and the first in the Caribbean, the Nassau boutique has always been central in all new product launches coming from the annual Basel show in March in Switzerland. We are so excited to share the new Runway 2015 collection with The Bahamas and the world,” said Mauricio Diaz, Vice President Breitling Caribbean. Venue for the unveiling of the new Runway 2015 collection and a review of the current timepieces was the Breitling Boutique on Bay Street. The champagne and jewels event featured live models paying homage to the company’s linkage to fast planes and fine cars – a brand marriage that fills the space of the boutique with powerful images and a larger than life female figure that has become one of the most popular photo backdrops in The Bahamas. Notable guests included Hon. Khaalis Rolle, Minister of Investments; Hon. Dr. Hubert Minnis, Leader of the Loyal Opposition and Sen. Carl Bethel, Q.C. among other local business, civic and community leaders and friends who filled the boutique and spilled onto the sidewalk secured for the launch event. Impressed by the unveiled collection, the evening was filled with patrons sporting the models, music and runway of the luxury timepieces showcased. “Breitling’s reputation for Swiss perfection in technical watches and its link to other symbols of precision performance have managed to capture and hold the public’s imagination, making invitations to unveilings like this one in Nassau one of the events of the year,” said Diaz. “I believe the fact that it is one of the last remaining family-owned independent Swiss watch brands adds to the appeal and mystique.”About Breitling:A specialist of technical watches, Breitling has played a crucial role in the development of the wrist chronograph and is a leader in this complication. The firm has shared all the finest moments in the conquest of the skies thanks to its sturdy, reliable and high-performance instruments. One of the world’s only major watch brands to equip all its models with chronometer-certified movements, the ultimate token of precision, Breitling is also one of the rare companies to produce its own mechanical chronograph movements, entirely developed and manufactured in its own workshops. This family business is also one of the last remaining independent Swiss watch brands.More information on Breitling.com Related Items:breitling, nassau botique Facebook Twitter Google+LinkedInPinterestWhatsApp
Karan JoharInstagramA major fire broke out at Karan Johar’s Dharma Productions godown on Tuesday (April 30). Although no casualty or serious injury was caused by the accident, huge financial losses were incurred.According to reports, Dharma Productions godown at Goregaon caught a fire at around 2.30 am, and eventually captured almost the entire building. The blaze destroyed valuable items from old films and also properties that were going to be used in upcoming movies like Brahmastra and Takht.It reportedly took three long hours for the fire brigade to control the flame, using eight fire engines and six water tankers. One of the fireman also got injured in the operation.While the exact amount of financial loss is not known yet, police is currently looking for the source of the fire and any malpractice that caused it.Meanwhile, the movie Brahmastra has been delayed by a few months. The film was supposed to be released on December 2019, but has now been pushed to 2020 summer. Director Ayan Mukerji in a statement had stated that they need more time for the VFX work to be completed.”In the past week, I have learnt that all the team working on the movie, led by my VFX teams, need more time in order to get the VFX right, to get the sound and music right, and eventually to get the film right,” he stated in the statement.Now, this fire reportedly having destroyed properties associated with Brahmastra may again make things difficult for the makers of the fantasy film.
Employees of Amazon India are seen behind a glass bearing the company’s logo inside its office in Bengaluru on August 14, 2015. REUTERS/Abhishek N. ChinnappaE-commerce giants like Flipkart and Amazon have appealed against an income tax order of last year which if implemented would force them to pay tax at a time they are engaged in cut-throat competition for market share in India.The issue involves money spent by e-commerce companies on marketing through deep discounts, an Economic Times (ET) report said on Saturday.So far, these discounts were clubbed by these companies under marketing costs, to which the income tax department had objected in a recent assessment order by pointing out that these costs constitute capital expenditure which may aid future revenues.The income tax department said that by giving discounts the e-commerce companies are creating intangibles which can aid future revenues.Reclassifying discountsThe department felt that such discount-related expenses can’t be classified as marketing costs, and instead, should be reclassified as capital expenditure. Hence, these should not be deducted from revenues, ET reported, adding that this practice has been causing huge losses for e-commerce firms.The companies had approached the Commissioner of Income Tax (Appeals), Bengaluru, last month after an assessment order of last year asked them to reclassify marketing expenditure as capital expenditure.The assessment orders were passed last year and applied to all e-commerce companies, the report said.If the tax department’s methodology is followed, e-commerce companies could turn profitable and be liable for tax in India, ET said in its report. For, these customer discounts have been classified by e-commerce companies as marketing expenses and deducted from revenue, leading to huge losses on their balance-sheets.Flipkart and Amazon’s appeal was heard last month but the CIT (appeals) did not take an immediate decision.Sanjay Sanghvi, partner (tax) at law firm Khaitan & Co, was quoted as telling ET that the quantum of business expenditure to be incurred is the prerogative of the business concerned to decide. “The Assessing Officer (of income tax) has no say in dictating terms of business to a taxpayer, as to how to run his business. There are enough judicial decisions supporting this proposition,” Sanghvi was quoted as saying. The logo of India’s largest e-commerce firm Flipkart is seen on the facade of the company’s headquarters in Bengaluru on July 7, 2017. REUTERS/Abhishek N ChinnappaA new harassment routeThe newspaper quoted experts as saying that the revenue department’s stand could open a Pandora’s Box for several startups and e-commerce companies as it dictates how entrepreneurs must conduct their businesses.Amit Maheshwari, partner, Ashok Maheshwary & Associates, was quoted in the ET report as saying that if such tax demands are made, then several startups including e-commerce companies and FMCG companies who are in the B2C space will start facing the heat from the tax department and end up being embroiled in litigation.”The taxpayers may have to argue that these expenses are incurred every year and are necessary to run the business and create demand for their services, and without such expenses these startups may just fold up,” Amit Maheshwari, said in the ET report.Online retail giant Amazon has secured approval to stock and sell food and groceries in India, potentially expanding its business in the fast-growing economy where it is in a pitched battle with home-grown rival Flipkart.Reuters had reported last month that Amazon plans to invest $500 million in the food segment, over and above the $5 billion it has already committed to investing in India.Deep customer discounting will play a major role in the company’s strategy to tackle the under-penetrated online grocery market in India which is the traditional preserve of mom-and-pop stores.Venture-funded Flipkart, whose backers include Tiger Global, Tencent Holdings and Microsoft, also plans to move into the groceries space.
While changes to the regulatory framework helped banks improve recovery of stressed assets during the last financial year, a massive jump in banking frauds raised all-round concern.Reserve Bank of India (RBI) data show that the Insolvency and Bankruptcy Code (IBC) and amendments to the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interests (Sarfaesi) Act helped massive recoveries, during FY18.In the fiscal year that ended in March 2018, banks recovered bad loans worth Rs 40,400 crore compared with the Rs 38,500 crore recovered in FY17, said the first report after Shaktikanta Das took over as RBI governor.However, a massive 72 percent jump in banking frauds, which rose to Rs 41,200 crore in the 2017-2018 financial year ignited regulatory worries. The figure for the previous year was Rs 23,900 crore. An RBI report showed that the jump was mainly on account of the Rs 14,000-crore Punjab National Bank (PNB)fraud.The number of cases was 5,917 cases in 2017-18 against 5,076 cases in the previous year, marking a 16.5 percent rise.”Incidentally, large value frauds involvingRs 50,000 crore and above constituted about 80 percent of all the frauds during the year,” said the RBI.During the year, the lenders used the Insolvency and Bankruptcy Code (IBC), Sarfaesi Act, debt recovery tribunals (DRTs) and Lok Adalats for recovery.IBC helped banks recover Rs 4,900 crore worth bad loans, the amount recovered through Sarfaesi was Rs 26,500 crore in FY18, said the report, Trends, and Progress of Banking in 2017-18.”Apart from vigorous efforts by banks for speedier recovery, amending the Sarfaesi Act to bring in a provision of three months’ imprisonment in case the borrower does not provide asset details and for the lender to get possession of the mortgaged property within 30 days, may have contributed to better recovery,” the report said.However, a decline in the recovery through Lok Adalats and DRTs alongside the number of cases referred indicated the growing clout of the IBC mechanism for resolution of stressed assets.The average recovery through IBC is greater than other mechanisms and is also improving gradually, pointing to the need and efficiency of such a channel, the central bank said.
Facebook denied these allegations. “This lawsuit is without merit and we’ve filed a motion to dismiss these claims of fraud,” a spokesperson told Variety. “Suggestions that we in any way tried to hide this issue from our partners are false. We told our customers about the error when we discovered it — and updated our help center to explain the issue.”At the core of the dispute are Facebook’s methods to calculate video viewing time. The company long had a policy to not count video views that lasted less than 3 seconds. However, by discarding shorter video views, the company also arrived at higher average watch times. The now-filed lawsuit alleges that this allowed the company to inflate average watch metrics by up to 900%.News of the lawsuit hit a nerve among media insiders late Tuesday, with some suggesting that Facebook’s inflated metrics may have contributed to publishers firing writers and shifting their investments to video. Popular on Variety Facebook didn’t tell advertisers and publishers about known problems with its video viewing data, effectively duping them into investing in video ads and products, a new lawsuit filed in California alleges.The lawsuit refers back to a disclosure Facebook made in 2016, when it admitted that it inadvertently had been overstating some video viewing metrics. At the time, the company said that it had overestimated the “average duration of video viewed” metric by 60% to 80%.The lawsuit, which was first reported by the Wall Street Journal, now alleges that Facebook knew about this issue for over a year before disclosing it to partners. The company first discovered irregularities about the way it was calculating viewing time in early 2015, and soon after figured out the nature of the error, the lawsuit alleges. ×Actors Reveal Their Favorite Disney PrincessesSeveral actors, like Daisy Ridley, Awkwafina, Jeff Goldblum and Gina Rodriguez, reveal their favorite Disney princesses. Rapunzel, Mulan, Ariel,Tiana, Sleeping Beauty and Jasmine all got some love from the Disney stars.More VideosVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9Next UpJennifer Lopez Shares How She Became a Mogul04:350.5x1x1.25×1.5x2xLive00:0002:1502:15