Category: dqlrtoss

Category: dqlrtoss

first_img Jabran Khan | Monday, 17th May, 2021 | More on: BBOX FTSE 250 incumbent Tritax Big Box (LSE:BBOX) is firmly on my best stocks to buy now list. It is in the logistics industry, which is a high growth industry. If I had to choose a stock to buy right now with £1,000 this would be high on my list.High-growth industryTritax Big Box is a real estate investment trust (REIT). It invests in and funds pre-let development logistics facilities and real estate. Logistics has thrived over the pandemic period as restrictions meant high street stores were closed. In turn, consumers turned to online ordering. This boom meant many firms (who didn’t already have it set up) needed to facilitate online platforms for orders, e-commerce, and fulfilment. This is where Tritax comes in. It is firmly on my best stocks to buy now list and has been for some time.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Tritax was established and profit-making prior to the pandemic and it is not a flash in the pan. Nor has it emerged as one of my top FTSE stocks solely based on pandemic related results and demand.Performance and share priceTritax announced full-year results for the year ending 31 December 2020 back in March. These made for excellent reading. My key takeaways were a 20% increase in profit and the fact that the value of its portfolio increased by nearly 12% to over £4bn. In addition, earnings per share increased by over 8% and a dividend of 6.4p per share was declared. Many of the incumbents on my best stocks to buy now list are good dividend payers.A more recent update announced on 6 May 2021 by Tritax covered the current financial year to date. I believe these results also made for good reading. Demand remained high but Q1 was affected by the fact there wasn’t enough ready-to-occupy space available. This points to the busy year 2020 was for the logistics sector.Tritax said over 99% of FY2020 rents had been collected and over 98% of FY2021 Q1 and Q2 rents had also been received, which is good. Furthermore, it reported new multi-million pound sites it had acquired that had already been snapped up in lucrative rental agreements with its clients. The FTSE 250 incumbent declared an interim dividend of 1.6p per share too a day after this trading update.Best stocks to buy now carry risks tooI believe Tritax’s biggest issue is competition. In a thriving market, competition could lead to pricing pressure and in turn affect its balance sheet. There are many other players out there too. The other risk is around dividend growth. Dividend growth isn’t usually the best in REITs. In fact, Tritax’s full-year dividend for 2020, was 6% less than in 2019. There are better dividend payers out there on my best stocks to buy now list.Overall, I do like Tritax and believe it is priced well, with an established business that is generating profit in a thriving market. Although the dividends aren’t the biggest, many FTSE firms have cut dividends altogether since the crash. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Our 6 ‘Best Buys Now’ Shares Jabran Khan has no position in any shares mentioned. The Motley Fool UK has recommended Tritax Big Box REIT. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Enter Your Email Address Get the full details on this £5 stock now – while your report is free. Simply click below to discover how you can take advantage of this.center_img Best stocks to buy now: 1 FTSE stock I’d buy with £1,000 FREE REPORT: Why this £5 stock could be set to surge Image source: Getty Images Are you on the lookout for UK growth stocks?If so, get this FREE no-strings report now.While it’s available: you’ll discover what we think is a top growth stock for the decade ahead.And the performance of this company really is stunning.In 2019, it returned £150million to shareholders through buybacks and dividends.We believe its financial position is about as solid as anything we’ve seen.Since 2016, annual revenues increased 31%In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259Operating cash flow is up 47%. (Even its operating margins are rising every year!)Quite simply, we believe it’s a fantastic Foolish growth pick.What’s more, it deserves your attention today.So please don’t wait another moment. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. See all posts by Jabran Khanlast_img read more


Category: dqlrtoss

first_img A personalised video campaign sent out by Alzheimer’s Society to its Memory Walk participants has resulted in three times the expected ROI for the charity.Alzheimer’s Society partnered with AdGreetz to run the campaign. It sent out over 80,000 videos, each one individually personalised using CRM and JustGiving data, and using the AdGreetz Living Fundraiser Video product to update the videos every day and with every donation to support participants throughout their fundraising journey. Participants received an email with a link to their personalised video, hosted on a landing page. About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com. 39% of recipients watched their video to the end, 11% shared it, and 34% of those who clicked the donate button went on to donate with the campaign raising three times the expected ROI.Jackie Gilmore from Alzheimer’s Society said:“We’re really happy with the results from the personalised video campaign. As well as giving our supporters a tool to help boost their fundraising, it was a great way to thank them and their donors and acknowledge the huge difference they are making to people living with dementia.” [youtube]https://www.youtube.com/watch?v=eZ1aZll4TAQ[/youtube]  419 total views,  2 views today Personalised Memory Walk video campaign reaches 3x expected ROI for Alzheimer’s Society AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis42center_img Tagged with: fundraising events personalisation video Advertisement Melanie May | 22 November 2018 | News From the landing page participants were able to share their video to Facebook, Twitter or Whatsapp where friends and family could view it and be linked back to their JustGiving page to make a donation.  420 total views,  3 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis42last_img read more


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first_img  416 total views,  2 views today Melanie May | 31 January 2020 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis4 Tagged with: Celebrity Sally Phillips & The Josephine and Jack ProjectSally Phillips has become Patron of The Josephine and Jack Project. The Smack The Pony and Bridget Jones’ Diary star learned of the charity, which supports adults and young people with learning disabilities, while presenting at the National Diversity Awards ceremony at Liverpool Cathedral in September. Celebrity chefs & Galvin’s ChanceThis Valentine’s Day, celebrity chefs and chocolatiers (also main image) across the country are joining with TV Personality Fred Sirieix for his charity initiative, Galvin’s Chance, to create unique and tantalising chocolates to bring joy to loved ones, with sponsorship from Valrhona. Chefs and master chocolatiers including Dominique Ansel, Tom Kerridge and Anna Hansen have been invited to create bespoke, one of a kind chocolate boxes, which will be delivered to the lucky winning bidders in time for Valentine’s Day. Tickets for the raffle can be purchased from www.chocsforchance.co.uk. The auction went live on 24 January and runs until 4 February 2020. Arsene Wenger & Grief EncounterOn Wednesday 4 December, Grief Encounter held ‘In Conversation with Arsene Wenger’, an intimate Q&A with the football legend, at Everyman, Muswell Hill. The sell-out event, with 250 guests, welcomed Wenger, special guest Pat Rice and host for the evening, Keith Fraser. The night, held in support of child bereavement charity, Grief Encounter, raised a total of £19,100, with 100% of donations directly supporting children and young people. Suranne Jones & Alzheimer’s SocietyActor Suranne Jones has accepted the role of Alzheimer’s Society Ambassador. Her late mother lived with dementia for eight years, and Jones has been a supporter of Alzheimer’s Society for many years, having previously backed its flagship fundraising campaigns Memory Walk and Cupcake Day as well as the charity’s TakeOn12 challenge She has also taken on a trek of her own in the Scottish Highlands, the Ben Nevis Midnight trek, to raise money for the charity and she is urging fellow fundraisers to join her in taking part in this summer’s Alzheimer’s Society’s Trek26 events. From Amanda Mealing taking on the WaterAid Just Water challenge, to Suranne Jones becoming an Ambassador for Alzheimer’s Society, here are some more ways celebrities are supporting good causes.center_img Roger Milla & Joseph-Antoine Bell, & Noma FundFootball legends Roger Milla and Joseph-Antoine Bell have launched Noma Fund to fight the disease, which is a form of facial gangrene, which affects over 140,000 children aged between 2 and 6 each year. The Fund was launched in Paris and is also supported by François Omam-Byik and Patrick Mboma. Noma Fund has already initiated the project “Acting against Noma 2021-2030“, which in its first phase will see activity in 10 target countries in Africa, carried out in consultation with their local authorities. This will include awareness and prevention activity, and the construction of a hospital. Advertisement Celebs supporting good causes: the round up Amanda Mealing & WaterAidAmanda Mealing, WaterAid’s newest ambassador, who plays Connie Beauchamp in BBC One’s Casualty, has drunk nothing but water this January to raise money for WaterAid. Mealing has been taking part in the charity’s Just Water challenge. She initially embarked on kicking the caffeine for a week, but extended her time doing Just Water. She has now raised over £700 for WaterAid. We’ve had a fantastic day working with @P_Wicks01 for @GalaBingo’s Facebook live stream, raising funds for Thornberry Animal Sanctuary! ?? pic.twitter.com/5sugjUyOpw— Jaywing PR (@JaywingPR) December 13, 2019Pete Wicks & Thornberry Animal SanctuaryOver £6,500 was raised for Sheffield’s Thornberry Animal Sanctuary when Gala Bingo teamed up with reality star and animal rights activist, Pete Wicks, for a festive charity livestream on 13 December. Streamed from Gala Bingo’s Facebook page, the event saw Wicks playing Christmas-themed games with the rescue dogs to raise money for the charity, as well as giving out prizes to viewers. Wicks was also joined by local star Maria Wilds from Love Island, and sanctuary volunteers. The two-hour livestream saw over 11,000 viewers and had a social reach exceeding 32,000 people. Over £6,500 was raised for the charity, £5,000 of which was donated by Gala Bingo.  417 total views,  3 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis4 About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com.last_img read more


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first_img SHARE SHARE By Eric Pfeiffer – Jun 28, 2018 Facebook Twitter Frustration Continues with EPA’s Pruitt Over BiofuelsThe Environmental Protection Agency is proposing an increase in the total renewable fuel volume to 19.88 billion gallons, up from the 19.29 billion expected gallons. On the surface, that sounds like great news for the biofuels industry. But corn growers and biofuels groups across the country remain frustrated with the actions of EPA Administrator Scott Pruitt.Pruitt’s agency released its proposal on 2019 Renewable Fuels Standard volume obligations on Tuesday. It kept the conventional biofuel amount at 15 billion gallons but failed to address the lost volumes from 2018 caused by financial hardship waivers given to highly profitable oil companies.Matt Tomano is the General Manager of POET Biorefining in Portland, IN. He told HAT, “We’re very pleased to see the 15 billion number in there, but definitely disappointed that there’s no reallocation of 1.6 billion lost gallons this year. And also, no assurance that there won’t be more gallons lost next year.”Reports say that Pruitt removed language from the proposal that would have addressed abuse to the hardship waiver program just before releasing the report, buckling to the oil industry’s demands. Renewable Fuels Association President and CEO Bob Dinneen says it makes no sense.“We scratch our heads about this because the President of the United States is supportive of 15 billion gallons, meaning 15 billion gallons. He doesn’t believe that refiners need to have exemption from this. So, we’re wondering why Scott Pruitt doesn’t want to listen to the boss, doesn’t care about consumers, is thumbing his nose at farmers across this country. Because this is a good program if implemented the way the statute is designed.”A comment period on the volume obligations proposal will be open until August 17, but the proposed rule states that EPA will not consider comments on how small refinery exemptions are accounted for. Facebook Twitter Home Indiana Agriculture News Frustration Continues with EPA’s Pruitt Over Biofuels Previous articleMcKinney says NAFTA Will Come in One Form or Another on the HAT Thursday Morning EditionNext articleMcKinney Bullish on NAFTA in One Form or Another Eric Pfeiffer Frustration Continues with EPA’s Pruitt Over Biofuelslast_img read more


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first_imgTwitter Welcome TCU Class of 2025 Previous articleWhat we’re reading: It’s about immigrationNext articleListen: Frogflix Episode 8 Taylor Boser RELATED ARTICLESMORE FROM AUTHOR Twitter World Oceans Day shines spotlight on marine plastic pollution Taylor Boserhttps://www.tcu360.com/author/taylor-boser/ + posts Facebook I am a senior journalism major from the great city of Chicago. Watching E! News while eating a Chipotle burrito is my favorite pastime. Go Cowboys! Taylor Boser ReddIt TCU places second in the National Student Advertising Competition, the highest in school history Counseling available as TCU mourns a student’s death Taylor Boserhttps://www.tcu360.com/author/taylor-boser/ Majority of faculty votes yes on DEI ballot Taylor Boserhttps://www.tcu360.com/author/taylor-boser/ Crews install new waterline on W. Cantey for new fashion merchandising building (photo by Richard Edgemon). CASA of Tarrant County advocates for children in foster care printTCU Board of Trustees approved a tuition hike Friday at its fall meeting.Tuition will increase by 4.9 percent next fall, according to Mark Johnson, chairman of the board of trustees. Financial aid will also increase.“The board advances financial aid at least 4.9 percent for need-based students,” said Chancellor Victor Boschini.The naming of campus buildings was also discussed during the meeting.A residence hall in Worth Hills will be named Richards Hall, in recognition of Trustee Nancy T. Richards and her family. The business school auditorium will be named Shaddock Auditorium, in recognition of Kim and Bill Shaddock and family. The fine arts building will be named in recognition of a major gift from the Luther and Teresa King Family Foundation.Johnson said plans for the administration building have moved forward. Boschini said construction will start in the spring and will take around 18 months.In addition to construction on campus, the TCU and UNTHSC School of Medicine will start accepting applications Monday. Linkedin Ash Wednesday marks start of Lent Taylor Boserhttps://www.tcu360.com/author/taylor-boser/ ReddIt Linkedin Facebooklast_img read more


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first_imgAround 80 people were killed in a double-bombing in Quetta, the capital of the southwestern province of Balochistan, on the night of 10 January 2013. As well as causing destruction and loss of life, the first bomb severed as a lure to draw journalists and police to the scene, where they were targeted by a second explosion that killed three reporters and injured three other journalists. According to bomb disposal crews, around 100 kilos of explosives were used in the attack. Two reporters for the Ecuadorean newspaper El Comercio, Javier Ortega and Paul Rivas, and their driver, Efraín Segarra, were kidnapped near the border between Ecuador and Colombia on 26 March 2018 by a dissident faction of Colombia’s FARC guerrilla group. They had gone there to cover the clashes between government forces and armed groups that had begun in Ecuador’s northern province of Esmeraldas in January. Photos of the bodies of the three kidnap victims were posted online on 12 April and Ecuadorean President Lenin Moreno confirmed their authenticity the next day. At least nine journalists were killed and six others badly injured in a double suicide bombing in Kabul on 30 April that was the deadliest attack on the Afghan media since the fall of the Taliban regime in December 2001. Claimed by Islamic State, it consisted of an initial explosion near the headquarters of Afghanistan’s biggest intelligence agency followed by a second blast 30 minutes later in the middle of the reporters who had arrived to cover the first one. The second explosion clearly targeted the journalists, who were all aged less than 30 and worked for AFP, Tolo News, TV1, Mashal and Radio Azadi. Double-bombings of this kind are often used by militant groups. AFGHANISTAN: Double suicide-bombing kills 9 journalists in Kabul30 April 2018 20 January 2016 Two men armed with Kalashnikovs stormed into an editorial meeting at the Paris headquarters of the satirical weekly Charlie Hebdo on 7 January 2015, gunned down eight of its journalists and killed four other people, including police officers, in the course of their getaway. Ever since Charlie Hebdo published cartoons of the Prophet Mohamed in 2006, its journalists had been target of frequent threats and some of them had been getting police protection. Its offices were the target of an arson attack in 2011. PAKISTAN: 3 journalists killed, 3 wounded in Quetta double-bombing10 January 2013 Condemning abusesProtecting journalists Organized crimeArmed conflictsImpunityPredatorsViolenceFreedom of expressionCitizen-journalists IRAQ: Deadly attack on Al-Arabiya’s Baghdad bureau26 July 2010 Dubai-based satellite TV news channel Al-Arabiya’s bureau in the central Baghdad district of Harithya was targeted by a car bomb on 26 July 2010 that killed four employees. Opened in 2003, the TV channel’s Baghdad bureau has been hit by terrorist attacks in the past. Bureau chief Jawad Hattab narrowly escaped a bomb that was set off underneath his car in September 2008. A car bomb targeting the bureau killed seven people and wounded 20 others in October 2006.PHILIPPINES: Biggest-ever media massacre in Maguindanao23 November 2009 It was the biggest bloodbath of journalists in the media’s history. A private militia operated by the governor of Maguindanao province (on the southern island of Mindanao) massacred a total of 57 people, including 32 journalists, on 23 November 2009. The journalists were covering the campaign of a politician who wanted to run against the governor’s son to be the next governor. When the massacre took place, they were accompanying a convoy of the politician’s supporters who were on their way to an electoral office to register him as a candidate. Ten years later, the trial of the accused perpetrators and instigators has yet to reach a conclusion. One of the massacre’s survivors was killed in November 2014 while she was on her way to a meeting with prosecutors to make a statement. ECUADOR: Dissident FARC group abducts and murders two reporters, driver 12 April 2018 AFGHANISTAN: Suicide bomber kills 7 Tolo News employees NIGERIA: ThisDay targeted by Boko Haram double-bombing26 April 2012A suicide bomber drove a jeep carrying explosives into the building housing the printing press of the influential, privately-owned newspaper ThisDay in the capital, Abuja, on 26 April 2012, killing himself and four others, and wounding dozens. ThisDay nonetheless claimed that it had reinforced security around its premises in response to the violence that had killed at least 400 people since the start of 2012. At almost the same time the same day, a car laden with explosives was detonated near a building in the northern city of Kaduna that housed the regional offices of ThisDay, The Moment and The Daily Sun, killing at least four people and wounding around 20 others. Boko Haram claimed both attacks, saying it wanted to send a clear message to other media that were “not objective and fair” and had chosen to side with the government instead the Jihadi group. May 1, 2018 Deadliest attacks on the media in the past 10 years (RSF) FRANCE: Gunmen shoot 8 Charlie Hebdo journalists7 January 2015 News TV technicians employed by the Moby Group, which comprises Tolo TV and Tolo News, were being driven to their homes in Kabul on 20 January 2016 when their minibus was rammed in the city centre by a suicide bomber in another vehicle carrying explosives. Seven employees, including three women, were killed in the attack, which was claimed by the Taliban. Tolo and TV1, another Afghan commercial TV channel, had been named as “military targets” – and therefore liable to be attacked – in a Taliban communiqué the previous October. The double suicide-bombing yesterday (30 April) in Kabul was the latest in an already long list of bloody attacks on media outlets and journalists, who have been deliberately killed in cold blood in many countries because their reporting caused annoyance. Reporters Without Borders (RSF) has compiled a list of the deadliest attacks on the media of the past 10 years. RSF_en Organisation Condemning abusesProtecting journalists Organized crimeArmed conflictsImpunityPredatorsViolenceFreedom of expressionCitizen-journalists Help by sharing this informationlast_img read more


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first_img Pinterest WhatsApp Facebook Slap Your Mama It’s So Delicious Southern Squash CasseroleVirgin Coco MojitoFruit Salad to Die ForPowered By 10 Sec Mama’s Deviled Eggs NextStay Local NewsEntertainment Parks office’s sixth Daddy-Daughter Dance set for Saturday Pinterest Midessa Music Fest is in July Previous articleFive things you need to know today, June 13Next articleECISD board to consider higher tax rate admin RELATED ARTICLESMORE FROM AUTHOR The City of Odessa Parks and Recreation’s sixth annual Daddy-Daughter Dance is set for Saturday.Organizers expect another big crowd and a successful event again this year, and encourage those planning to attend to sign up in advance online or by visiting the Parks office.The event is set for Saturday evening at the The Rose Building in downtown Odessa, and will run with the theme centering on Disney’s Beauty and the Beast.A first dance will run from 4 p.m. to 6 p.m., suggested for daughters aged from kindergarten to fourth grade, while another dance running from 7 p.m. to 9 p.m. is suggested for daughters aged from fifth grade up to teen years.The event will feature a formal photo area, appetizers, dancing and more.“It’s popular because it gives memories for the families,” said Cori Branscum, recreation and special events coordinator for Odessa Parks and Recreation. “They can do it every year. It’s something to look forward to during the summer, and something to look back on and see how they’ve grown throughout the years — and just spend some quality time with their kids.”Tickets are $15 for each individual and are available through OdessaTXParks.org, or at the City of Odessa Parks and Recreation Office, 1100 W. 42nd St.Saturday’s event will mark the Parks office’s second dance in The Rose Building, after their Mother-Son Dance was held there in May.Ballroom dress and fancy suites or other costumes are encouraged, fitting the Beauty and the Beast theme.No mothers are allowed, consistent with similar rules for the Mother-Son Dance, but the suggested age ranges for the evening’s two dances are not mandatory and are flexible for fathers with more than one daughter.For more information, visit Odessa Parks and Recreation online or call the office at 432-368-3548. Facebookcenter_img Country crooner featured at Rolling 7’s Twitter Daddy-Daughter Dance Home Local News Entertainment Parks office’s sixth Daddy-Daughter Dance set for Saturday Erica Lane part of Fandango celebration WhatsApp Twitter By admin – June 13, 2018 last_img read more


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first_img Pinterest Facebook Facebook ICC convicts Ugandan rebel commander of war crimes WhatsApp Twitter WhatsApp Twitter Previous articleKestra Financial Closes Out 2020 with $5.3 Billion in New Recruitment AssetsNext articleZynga to Present at Upcoming Investor Conferences Digital AIM Web Support TAGS  Pinterest Local NewsWorld News By Digital AIM Web Support – February 4, 2021 last_img read more


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first_imgNews UpdatesColleges Are Established, Fee/Capitalization Fee Is Collected, Then No Teaching Takes Place; A Very Sorry State Of Affairs: MPHC Allows MCI to Encash Bank Guarantee [Read Order] Sparsh Upadhyay16 Sep 2020 11:00 PMShare This – xThe Madhya Pradesh High Court on Thursday (10th September) took a serious note of the case of a College, wherein fees were collected from the students by the College, but no teaching took place in the Medical College established by the petitioner Institution.A Single Bench of Justice S. C. Sharma observed,”The present case reflects a very sorry state of affairs prevalent in the field of…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 Madhya Pradesh High Court on Thursday (10th September) took a serious note of the case of a College, wherein fees were collected from the students by the College, but no teaching took place in the Medical College established by the petitioner Institution.A Single Bench of Justice S. C. Sharma observed,”The present case reflects a very sorry state of affairs prevalent in the field of medical education. Colleges are established, the fee/capitalization fee is collected from the students and then no teaching takes place.”The Background of the CaseThe Petitioner before the Court, Shree Aastha Foundation for Education Society (SAFE), had filed a petition being aggrieved by the action of Medical Council of India in encashing the Bank Guarantees furnished by the petitioner, stating that the petitioner Society is a registered Society registered under the provisions of Madhya Pradesh Society Registrikaran Adhiniyam, 1973.It was further stated that the petitioner Society had taken steps for establishment of a Medical College i.e. Modern Institute of Medical Sciences & Sewakunj Hospital & Research Centre in the year 2016-17.A Letter of Permission was issued on 20/08/2016 with an annual intake of 150 MBBS students under the Madhya Pradesh Medical Science University Jabalpur under Section 10A of the Indian Medical Council Act, 1956 for the academic year 2016-17.The petitioner Society further stated that initially the Society and Medical College was being run by some other group of members and due to mismanagement by the earlier Members and Chairman, the College was closed.Further, on 30/11/2018 the new Chairman Mr. Puneet Agrawal took charge and then only he came to know about the mismanagement and irregularities in the College as well as in the Society.The petitioner further stated that the respondent No.3 Medical Council of India through its Executive Committee vide letter dated 26/12/2016, had informed the Union of India that the College had failed to comply with the conditions laid down by the Oversight Committee and the recommendation was made to debar the College from admitting the students for two academic years i.e. for academic the year 2017-18 and 2018-19 and also to encash the Bank Guarantees furnished by the petitioner College.It may be noted that the regulations framed by the Medical Council of India make it mandatory to possess the valid Essentiality Certificate issued by the State Government and Consent of Affiliation from the concerned University.In case of the petitioner, the petitioner Trust submitted an application to the State of Madhya Pradesh for grant of Desirability & Feasibility Certificate and the Desirability & Feasibility Certificate was issued by the State of Madhya Pradesh on 27/09/2013.The State of Madhya Pradesh vide letter dated 23/06/2018 informed the Medical Council of India that on account of multiple irregularities committed by the College reported in the inspection carried out by the Madhya Pradesh Medical Science University, the Desirability & Feasibility Certificate has been cancelled on 19th and 20th June 2018.The students studying in the Medical College in respect of academic session 2016-17 and the students admitted in Advance Medical College, Bhopal, which is again a private Medical College, for the academic session 2016-17 in identical circumstances were reallocated to other recognized private Medical Colleges / Government Medical Colleges situated in the State of Madhya Pradesh.Meaning thereby, the State of Madhya Pradesh was burdened with 295 students who were granted admission in petitioner Medical College i.e. Modern Medical College and Advance Medical College, Bhopal for the academic year 2016-17.On account of the intervention of this Court, they were granted admission in various private Medical Colleges and most of the students studying in the petitioner’s Medical College were accommodated in another premium Institution namely M. Y. Medical College, Indore.The Government of India was informed about the development which took place in the matter and the Executive Committee of Medical Council of India also accorded approval for shifting of the students and also for transfer of fees paid by the students to State of Madhya Pradesh so that additional revenue generated from fees can be utilized to upgrade the infrastructure in the Government Medical Colleges in which the students were transferred.The decision of the Executive Committee was communicated to the Government of India – respondent No.1 and State of Madhya Pradesh – respondent No.2 on 14/08/2018. The Central Government on 29/08/2018 granted approval to the decision taken by the Medical Council of India.The Medical College which was established by the petitioner Society was not at all functional. Students were shifted to other Medical Colleges and the Desirability & Feasibility Certificate had also been cancelled.The Petitioner had preferred a writ petition being aggrieved by the action of the State Government in cancelling the Desirability & Feasibility. The Court vide order dated 14/11/2018 had upheld the action of the respondent in cancelling the Desirability & Feasibility Certificate.Further, on 19/06/2019 the Medical Council of India issued a letter to respondent No.5 – Chief Manager, Bank of India for encashment of Bank Guarantee of (Rs.9.5 Crores) and the respondent No.5 – Bank of India had issued a notice for encashment Bank Guarantee dated 27/06/2019.Court’s ObservationThe Court in its order observed,”The College played with the carrier of the students and in those circumstances, in the present case, the Desirability & Feasibility Certificate was cancelled. At present, the College does not have any kind of permission and therefore, merely there is a change in the Society, new office bearers have come, it does not mean that College has become functional.” (emphasis supplied)Further, the court acknowledged the fact that the present petition was only in respect of encashment of Bank Guarantee.The Law in respect of encashment of Bank Guarantee has already been crystallized by the Hon’ble Supreme Court. The Bank Guarantee is an independent contract between the Bank and the person in whose favour Bank Guarantee has been executed [Standard Chartered Bank Vs. Heavy Engineering Corporation Ltd. andOthers 2020 (1) ALT 62].In this context, the court said,”The Court exercising its power cannot interfere with the enforcement of Bank Guarantee / Letters of Credit, except only in cases where fraud or special equity is prima facie made out in the case as a triable issue by strong evidence so as to prevent irretrievable injustice to the parties.”Further, the Court remarked,”In the present case, no such contingency is involved. In fact, it is the petitioner, who has played fraud upon the State of Madhya Pradesh, upon the Union of India, upon the students and upon the public at large and therefore, this Court does not find any reason to interfere in the matter. The respondent No.4 – Medical Council of India is justified in requesting encashment of Bank Guarantee.” (emphasis supplied)The Court held,”Keeping in view, the aforesaid judgment and the Bank Guarantee in question and also keeping in view the fact that Desirability & Feasibility Certificate has been cancelled by the State Government way back on 20/06/2018, the College has played fraud upon the State as well as with the students and also keeping in view the settled proposition of law that Bank Guarantee is a contract between Bank and beneficiaries, the question of restraining the Medical Council of India from invoking the Bank Guarantees does not arise.” (emphasis supplied)Lastly, the Bank was directed to encash the Bank Guarantee and to transfer the account in the account of Medical Council of India immediately, preferably within a week from today. With the aforesaid, writ petition stood dismissed.Case Details:Case Title: Shree Aastha Foundation for Education Society (SAFE) v. Union of India & Ors.Case No.: Writ Petition No.14856/2019Quorum: Justice S. C. SharmaAppearance: Advocate Rohit Kumar Mangal (For the Petitioner); Advocate Himanshu Joshi (for Respondent no. 1); Advocate Shrey Raj Saxena (for Respondent no. 2); Advocate Sumersingh Chouhan (for Respondent nos. 3 & 4); Advocate Darshana Baghel (for Respondent nos. 5 & 6).Click Here To Download Order[Read Order] Next Storylast_img read more


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first_imgRelated posts:No related photos. Previous Article Next Article Law firm gets flexible to attract the top talentOn 1 Oct 2002 in Personnel Today Comments are closed. Law firm Eversheds has launched a flexible working initiative, to improvework-life balance and attract recruits in the competitive legal jobs market. The scheme covers all 3,700 staff, including partners in Eversheds’ UKoffices, and gives them more freedom to balance their work and home lives. The ‘Lifestyle’ programme allows staff to benefit from a wide variety offlexible arrangements including annualised hours, career breaks, part-time,remote and shift working. HR director Caroline Wilson is confident the initiative will have asignificant impact on working practices without damaging the standard ofservice offered to customers. “This is the first scheme of its kind to be open to all staff,including partners. Lifestyle is about communicating to all employees thateveryone can benefit from working in a different way and that Eversheds iscommitted to ensuring a good work-life balance,” she said. The scheme has been set up to accommodate the needs of individual employeesor can be tailored to the working patterns of entire teams. All managers were trained in advance of the launch and Wilson hopes thescheme will improve performance by increasing staff motivation. “We are confident that pursuing flexibility sends out the rightmessages to our clients and in turn will improve our relationships. Empoweringemployees to find the right working solution for them can only improve theservice,” she said. last_img read more