Music news – Lotus And Rose http://lotusandrose.com/ Tue, 10 May 2022 17:56:18 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://lotusandrose.com/wp-content/uploads/2021/08/lotus.png Music news – Lotus And Rose http://lotusandrose.com/ 32 32 Fire victims eligible for emergency loans | News https://lotusandrose.com/fire-victims-eligible-for-emergency-loans-news/ Tue, 10 May 2022 16:00:00 +0000 https://lotusandrose.com/fire-victims-eligible-for-emergency-loans-news/ ...RED FLAG WARNING TODAY FROM NOON UNTIL 9 PM MDT FOR ALL ZONES DUE TO STRONG WINDS, LOW HUMIDITY, AND AN UNSTABLE ATMOSPHERE... ...RED FLAG WARNING WEDNESDAY FROM LATE MORNING UNTIL MID EVENING FROM THE CENTRAL MOUNTAIN CHAIN WESTWARD DUE TO STRONG WINDS, LOW HUMIDITY, AND AN UNSTABLE ATMOSPHERE... ...FIRE WEATHER WATCH THURSDAY FROM MID […]]]>
...RED FLAG WARNING TODAY FROM NOON UNTIL 9 PM MDT FOR ALL ZONES
DUE TO STRONG WINDS, LOW HUMIDITY, AND AN UNSTABLE ATMOSPHERE...

...RED FLAG WARNING WEDNESDAY FROM LATE MORNING UNTIL MID EVENING
FROM THE CENTRAL MOUNTAIN CHAIN WESTWARD DUE TO STRONG WINDS, LOW
HUMIDITY, AND AN UNSTABLE ATMOSPHERE...

...FIRE WEATHER WATCH THURSDAY FROM MID MORNING UNTIL MID EVENING
FOR THE CENTRAL MOUNTAIN CHAIN EASTWARD DUE TO STRONG WINDS, LOW
HUMIDITY, AND AN UNSTABLE ATMOSPHERE...

.This update expands the Red Flag Warning into the Four Corners
region for this afternoon through mid-evening. The hot, dry, and
windy pattern will continue through Thursday. The strongest winds
are expected Wednesday as an upper level low pressure system
passes to the north of New Mexico. High temperatures will reach
near record values in a number of locations today, then remain
well above normal through Thursday despite some cooling. Haines
Indices will reach 6 each day.

...RED FLAG WARNING REMAINS IN EFFECT UNTIL 9 PM MDT THIS
EVENING...
...RED FLAG WARNING REMAINS IN EFFECT FROM 11 AM TO 9 PM MDT
WEDNESDAY...
...FIRE WEATHER WATCH REMAINS IN EFFECT FROM THURSDAY MORNING
THROUGH THURSDAY EVENING...

* AREA AND TIMING...Northeast Highlands and the Sandia, Manzano,
and Gallinas Mountains. Mid day until mid evening today, late
morning until mid evening Wednesday, then from mid morning
until mid evening Thursday.

* 20 FOOT WINDS...Southwest winds of 20 to 35 mph with gusts up
to 50 mph today and Wednesday. West and southwest 15 to 30 mph
with gusts up to 40 mph Thursday.

* RELATIVE HUMIDITY...Ranging from 3 to 12 percent with the
lowest humidities on Thursday. In addition, poor humidity
recovery expected in some areas each night.

* IMPACTS...Any fires that develop will spread rapidly and be
difficult to control. Outdoor burning should not be done.

PRECAUTIONARY/PREPAREDNESS ACTIONS...

Please advise the appropriate officials or fire crews in the
field of this Red Flag Warning.

Please advise the appropriate officials or fire crews in the
field of this Fire Weather Watch.

&&

...RED FLAG WARNING TODAY FROM NOON UNTIL 9 PM MDT FOR ALL ZONES
DUE TO STRONG WINDS, LOW HUMIDITY, AND AN UNSTABLE ATMOSPHERE...

...RED FLAG WARNING WEDNESDAY FROM LATE MORNING UNTIL MID EVENING
FROM THE CENTRAL MOUNTAIN CHAIN WESTWARD DUE TO STRONG WINDS, LOW
HUMIDITY, AND AN UNSTABLE ATMOSPHERE...

...FIRE WEATHER WATCH THURSDAY FROM MID MORNING UNTIL MID EVENING
FOR THE CENTRAL MOUNTAIN CHAIN EASTWARD DUE TO STRONG WINDS, LOW
HUMIDITY, AND AN UNSTABLE ATMOSPHERE...

.This update expands the Red Flag Warning into the Four Corners
region for this afternoon through mid-evening. The hot, dry, and
windy pattern will continue through Thursday. The strongest winds
are expected Wednesday as an upper level low pressure system
passes to the north of New Mexico. High temperatures will reach
near record values in a number of locations today, then remain
well above normal through Thursday despite some cooling. Haines
Indices will reach 6 each day.

...RED FLAG WARNING REMAINS IN EFFECT UNTIL 9 PM MDT THIS
EVENING...
...RED FLAG WARNING REMAINS IN EFFECT FROM 11 AM TO 9 PM MDT
WEDNESDAY...
...FIRE WEATHER WATCH REMAINS IN EFFECT FROM THURSDAY MORNING
THROUGH THURSDAY EVENING...

* AREA AND TIMING...Northeast Highlands and the Sandia, Manzano,
and Gallinas Mountains. Mid day until mid evening today, late
morning until mid evening Wednesday, then from mid morning
until mid evening Thursday.

* 20 FOOT WINDS...Southwest winds of 20 to 35 mph with gusts up
to 50 mph today and Wednesday. West and southwest 15 to 30 mph
with gusts up to 40 mph Thursday.

* RELATIVE HUMIDITY...Ranging from 3 to 12 percent with the
lowest humidities on Thursday. In addition, poor humidity
recovery expected in some areas each night.

* IMPACTS...Any fires that develop will spread rapidly and be
difficult to control. Outdoor burning should not be done.

PRECAUTIONARY/PREPAREDNESS ACTIONS...

Please advise the appropriate officials or fire crews in the
field of this Red Flag Warning.

Please advise the appropriate officials or fire crews in the
field of this Fire Weather Watch.

&&

...RED FLAG WARNING TODAY FROM NOON UNTIL 9 PM MDT FOR ALL ZONES
DUE TO STRONG WINDS, LOW HUMIDITY, AND AN UNSTABLE ATMOSPHERE...

...RED FLAG WARNING WEDNESDAY FROM LATE MORNING UNTIL MID EVENING
FROM THE CENTRAL MOUNTAIN CHAIN WESTWARD DUE TO STRONG WINDS, LOW
HUMIDITY, AND AN UNSTABLE ATMOSPHERE...

...FIRE WEATHER WATCH THURSDAY FROM MID MORNING UNTIL MID EVENING
FOR THE CENTRAL MOUNTAIN CHAIN EASTWARD DUE TO STRONG WINDS, LOW
HUMIDITY, AND AN UNSTABLE ATMOSPHERE...

.This update expands the Red Flag Warning into the Four Corners
region for this afternoon through mid-evening. The hot, dry, and
windy pattern will continue through Thursday. The strongest winds
are expected Wednesday as an upper level low pressure system
passes to the north of New Mexico. High temperatures will reach
near record values in a number of locations today, then remain
well above normal through Thursday despite some cooling. Haines
Indices will reach 6 each day.

...RED FLAG WARNING REMAINS IN EFFECT UNTIL 9 PM MDT THIS
EVENING...
...RED FLAG WARNING REMAINS IN EFFECT FROM 11 AM TO 9 PM MDT
WEDNESDAY...
...FIRE WEATHER WATCH REMAINS IN EFFECT FROM THURSDAY MORNING
THROUGH THURSDAY EVENING...

* AREA AND TIMING...Northeast Highlands and the Sandia, Manzano,
and Gallinas Mountains. Mid day until mid evening today, late
morning until mid evening Wednesday, then from mid morning
until mid evening Thursday.

* 20 FOOT WINDS...Southwest winds of 20 to 35 mph with gusts up
to 50 mph today and Wednesday. West and southwest 15 to 30 mph
with gusts up to 40 mph Thursday.

* RELATIVE HUMIDITY...Ranging from 3 to 12 percent with the
lowest humidities on Thursday. In addition, poor humidity
recovery expected in some areas each night.

* IMPACTS...Any fires that develop will spread rapidly and be
difficult to control. Outdoor burning should not be done.

PRECAUTIONARY/PREPAREDNESS ACTIONS...

Please advise the appropriate officials or fire crews in the
field of this Red Flag Warning.

Please advise the appropriate officials or fire crews in the
field of this Fire Weather Watch.

&&

...WIND ADVISORY IN EFFECT FROM 2 PM THIS AFTERNOON TO 8 PM MDT THIS
EVENING...

* WHAT...Southwest winds 25 to 35 mph with gusts up to 50 mph
expected.

* WHERE...Far Northeast Highlands, Johnson and Bartlett Mesas
Including Raton Pass, Northeast Highlands and Union County.

* WHEN...From 2 PM this afternoon to 8 PM MDT this evening.

* IMPACTS...Gusty winds will blow around unsecured objects. Tree
limbs may be blown down. Expect strong cross winds on
northwest-to-southeast oriented roads, like Highway 64 and 87 from
Raton to Clayton.

* ADDITIONAL DETAILS...Blowing dust and smoke will drop the
visibility below 1 mile at times in dust-prone locations, and
immediately to the northeast of wildfires.

PRECAUTIONARY/PREPAREDNESS ACTIONS...

Winds this strong can make driving difficult, especially for high
profile vehicles. Use extra caution

&&

...AIR QUALITY ALERT...

The following message is transmitted at the request of the New Mexico
Departments of Health and Environment.

* WHAT....Continued very hot, very dry, and very windy conditions are
expected today out of the southwest. As a result, blowing smoke and
dust is expected to be transported towards the northeast from
active fires throughout this period. Winds will diminish overnight
but should remain elevated enough to prevent smoke impacts in
communities down- drainage of large fires overnight, however those
communities in direct line of blowing smoke should expect overnight
impacts.

* WHERE....Blowing smoke and dust is expected to impact areas across
much of Colfax,Los Alamos, Mora, southeast Rio Arriba, Sandoval,
San Miguel, Santa Fe, and southern Taos counties during the next 24
hours. This includes, but is not limited to, the following
communities: Espanola, La Cueva, Las Vegas, Los Alamos, Mora, Ocate,
Ohkay Owingeh, Pojoaque, Pueblo of Santa Clara, Santa Fe, Sapello,
and White Rock.

* WHEN...Remainder of this afternoon through noon MDT Tuesday.

* IMPACTS...Those with conditions such as asthma, chronic obstructive
pulmonary disease, interstitial lung disease, lung cancer, and heart
disease will be especially vulnerable to impacts from poor air
quality, as will adults over age 65, young children, and pregnant
women if smoke concentrations become unhealthy.

* HEALTH INFORMATION...Remember, your eyes are your best tools to
determine if it is safe to be outside. Use the 5-3-1 Method available
athttps://nmtracking.org/environment/air/FireAndSmoke.html.

If visibility is:

Under 5 miles, the air quality is unhealthy for young children,
adults over age 65, pregnant women, and people with heart
and/or lung disease, asthma or other respiratory illness.
Outdoor activity should be minimized.

Around 3 miles, young children, adults over age 65, pregnant
women, and people with heart and/or lung disease, asthma or other
respiratory illness should avoid all outdoor activities.

Around 1 mile, the air quality is unhealthy for everyone. People
should remain indoors and avoid all outdoor activities including
running errands. Unless an evacuation has been issued, stay inside
your home, indoor workplace, or in a safe shelter.

With the ongoing COVID-19 pandemic affecting New Mexico and with the
wildfire season underway, New Mexicans will need to take extra
precautions. Smoke from wildfires may cause people to have more
severe reactions if they are infected COVID-19. The best way to
protect against the potentially harmful effects of wildfire smoke and
to reduce the spread of COVID-19 is to stay home and create a clean
indoor air space. NMDOH offers tips here:

https://nmtracking.org/environment/air/IndoorQuality.htmland
https://cv.nmhealth.org

New Mexicans will also need to take steps to keep their homes cool to
avoid heat-related illnesses. NMDOH offers tips here:

https://nmtracking.org/health/heatstress/Heat.html.

For smoke forecast outlooks from the Interagency Wildland Fire Air
Quality Response Program please visit:

https://outlooks.wildlandfiresmoke.net.


]]>
Head of UN agency resigns after questions arise over loans https://lotusandrose.com/head-of-un-agency-resigns-after-questions-arise-over-loans/ Mon, 09 May 2022 01:26:59 +0000 https://lotusandrose.com/head-of-un-agency-resigns-after-questions-arise-over-loans/ United Nations Secretary-General António Guterres called on a senior UN agency official to resign on Saturday, shortly after The New York Times published an article detailing how the agency had awarded $61 million. dollars in loans and grants to a single British family. , according to a senior UN official. The United Nations Office for […]]]>

United Nations Secretary-General António Guterres called on a senior UN agency official to resign on Saturday, shortly after The New York Times published an article detailing how the agency had awarded $61 million. dollars in loans and grants to a single British family. , according to a senior UN official.

The United Nations Office for Project Services, a little-known agency for operational projects, has ventured into territory no other United Nations agency has entered: by partnering with the sector private for profit in 2015 by operating as an investment bank. Now he could lose up to $22 million in bad debt, according to UN auditors.

The scandal has rocked and embarrassed the UN, according to several diplomats and staff, at a time when it is appealing for millions of dollars in aid from donor countries for the war in Ukraine and other crises. An internal investigation into the transactions was completed on Thursday, but its findings have not been made public.

The United States, which sits on the UN agency’s board, said its leadership must respond to the allegations and be held accountable. In a series of tweets On Sunday, Chris Lu, the US ambassador to the UN for management and reform, called for a comprehensive review of the agency’s “business model, governance structure and personnel”.

“At a minimum, we believe UNOPS management missed clear warning signals, failed to provide necessary oversight and took unacceptable risks with funds,” Mr. Lu tweetedusing the acronym for Office for Project Services.

An official statement from Mr Guterres on Sunday said he had accepted the resignation of Grete Faremo, a former Norwegian minister and executive director of the agency, who personally approved the loans. Ms. Faremo had entrusted tens of millions of dollars to a British businessman, David Kendrick, after meeting him at a party in New York in 2015. Ms. Faremo’s agency also gave a grant of 3 million to a group led by 22-year-old Daisy to raise awareness of threats to the world’s oceans.

Ms. Faremo, in a letter sent to her staff early Sunday morning and obtained by The Times, offered a different account of her resignation. She said she tendered her resignation on Friday because “without knowing the whole story, it happened under my watch.”

“I acknowledge my responsibility and have decided to step down,” she said.

Ms Faremo appeared to blame her deputy, Vitaly Vanshelboim, who was placed on administrative leave in December as the UN investigated the deals. After mentioning the investigation and Mr Vanshelboim, Ms Faremo said “a shocking breach of trust hurts and has deeply shaken the organization”.

But the senior UN official, who asked not to be named because he was not authorized to speak officially, said Ms Faremo had been ordered to resign. Mr. Guterres, the official said, decided to act quickly after the publication of the Times article in a bid to restore the confidence of donor countries in the organization.

Lebanese Ambassador to the UN, Amal Mudallali, tweeted“Unbelievable!! Who is hiring these UN officials? Why there is no oversight!!,” with a link to the Times article.

In fact, Ms. Faremo and Mr. Vanshelboim were among the most senior officials in the UN and were appointed by Mr. Guterres.

In his statement, Mr. Guterres said he was grateful for Ms. Faremo’s commitment and dedication to the organization. His resignation is effective from Sunday. Mr Guterres has appointed an interim manager, Jens Wandel, while he searches for a replacement, the statement said.

Mr Wandel “has had a clear record of working on UN reform”, said Farhan Haq, the UN’s deputy spokesman. Mr. Wandel, a former UN official from Denmark, where the agency is headquartered, was most recently Mr. Guterres’ special adviser on reforms.

We still do not know if Mr. Wandel will have the mandate, in his temporary role, to initiate significant reforms. A senior UN official said any reform or restructuring of the agency would be at the discretion of its board, which is made up of a group of member states including the United States.

Mr Lu said on Sunday that the board had demanded a full briefing with the agency which would take place shortly.

A spokesman for the US mission to the UN said a board briefing was scheduled for May 16 ahead of Ms Faremo’s resignation on Sunday and the board was preparing for it pending further advice.

In a separate statement on Sunday, the UN agency said it did not have access to the internal UN investigation report and was eagerly awaiting its findings. It said it was “already implementing continuity plans to ensure Ms. Faremo’s departure will not affect regular project activities”.

]]>
‘It’s not enough to live’: Trainee doctors struggle because student loans are ‘below the benefit threshold’ | UK News https://lotusandrose.com/its-not-enough-to-live-trainee-doctors-struggle-because-student-loans-are-below-the-benefit-threshold-uk-news/ Sat, 07 May 2022 01:03:55 +0000 https://lotusandrose.com/its-not-enough-to-live-trainee-doctors-struggle-because-student-loans-are-below-the-benefit-threshold-uk-news/ Physician representatives say trainee doctors are struggling to make ends meet because scholarships and student loans are below the benefit threshold. The British Medical Association (BMA) says the NHS scholarship offered to medical students is “unacceptably low” and unfairly disadvantages trainees on low incomes. Khadija Meghrawi, co-chair of the BMA’s medical student committee, calls for […]]]>

Physician representatives say trainee doctors are struggling to make ends meet because scholarships and student loans are below the benefit threshold.

The British Medical Association (BMA) says the NHS scholarship offered to medical students is “unacceptably low” and unfairly disadvantages trainees on low incomes.

Khadija Meghrawi, co-chair of the BMA’s medical student committee, calls for scrutiny.

“We are a nation in desperate need of more doctors and to develop a medical workforce that is both future-ready and representative of the population it is trying to treat, the government must provide a adequate financial support for medical students,” she said. .

Campaign group Doctors’ Association UK (DAUK) say final-year medical students outside London can only claim £6,458 a year, including student loans.

Anna Sigston, a medical student at DAUK, said: ‘This figure makes non-students eligible for universal credit, so the government recognizes this is not enough to live on?

Eileidh Garret, in her third year of a four-year medical degree, told Sky News she had no parental support to rely on and was forced to work long hours at part-time jobs partial as well as study and work in NHS internships.

“I’m living on around £550 a month right now and even less next year,” she said. “I never make it through the month and anything extra has to go to credit cards.”

She expects to graduate with over £80,000 in debt and said the lack of resources for students without parental support can be embarrassing.

“On the courses we sometimes need special clothes, I can’t really say that I can’t afford these clothes, especially when some of my peers have funds from their parents to be able to do it,” he said. she declared.

According to a study by the London School of Economics, only 4% of doctors come from the working class.

Read more from Sky News:
Over 72,000 attacks on NHS staff in four years
NHS compensation scheme ‘not fit for purpose’, study finds

A 2011 Cabinet Office report said 51% of the UK’s best doctors came from the 7% who had private training, while the Medical Schools Council says around half of secondary schools and colleges UK did not provide any medical candidates from 2009-2011.

The Department of Health and Social Care told Sky News: “We are supporting medical students in England through all years of study and are keeping funding arrangements under review for all healthcare students. “

]]>
Faster ways to pay off student loans https://lotusandrose.com/faster-ways-to-pay-off-student-loans/ Thu, 05 May 2022 08:00:00 +0000 https://lotusandrose.com/faster-ways-to-pay-off-student-loans/ ORLANDO, Florida. – The average student leaves college with a degree and $40,000 in debt. But that figure can be as high as $250,000 for Ivy League schools, including post-graduate education. Student loan debt in the United States is over $1.7 trillion. These types of loans can affect your financial future for years. 43 million […]]]>

ORLANDO, Florida. – The average student leaves college with a degree and $40,000 in debt. But that figure can be as high as $250,000 for Ivy League schools, including post-graduate education. Student loan debt in the United States is over $1.7 trillion. These types of loans can affect your financial future for years.

43 million people in the United States have student loan debt. That’s one in eight Americans!

The good news is that there is help.

First things first: look for grants!

The Forget Your Student Debt Scholarship is open to anyone with student debt and pays ten thousand dollars. Other grants are available for specific professionals like teachers, lawyers, veterans, nurses, and social workers. You can search for free grants or on the websites of professional associations. States also have their own grant and assistance programs.

Ask your employer about repayment assistance.

Some companies offer these programs as benefits to their employees.

Also, ask for an income-based repayment plan.

If you qualify, you can receive a rebate on the remaining loan amounts.

A d

You might also consider pursuing a public service loan cancellation program, which cancels loan balances after making a certain number of payments while working for an eligible employer.

The U.S. Department of Education extended the student loan payment pause through August 31, 2022, giving people a suspension of loan repayments, zero percent interest, and they stopped collections on federal loans in default.

Contributors to this report include: Julie Marks, Producer; Roque Correa Editor and videographer.

Copyright 2022 by WSLS 10 – All rights reserved.

]]>
Edelweiss ARC plans to deploy Rs 1,200 crore to acquire bad debts https://lotusandrose.com/edelweiss-arc-plans-to-deploy-rs-1200-crore-to-acquire-bad-debts/ Sun, 01 May 2022 18:28:00 +0000 https://lotusandrose.com/edelweiss-arc-plans-to-deploy-rs-1200-crore-to-acquire-bad-debts/ Edelweiss Asset Reconstruction Company (Edelweiss ARC) plans to deploy Rs 1,200 crore to buy back bad debt mainly from the retail asset pool in the current financial year (FY23). With the improving business environment, it pegged recoveries between Rs 5,000 crore and Rs 6,000 crore in FY23. Its assets under management (AUM) […]]]>

Edelweiss Asset Reconstruction Company (Edelweiss ARC) plans to deploy Rs 1,200 crore to buy back bad debt mainly from the retail asset pool in the current financial year (FY23).

With the improving business environment, it pegged recoveries between Rs 5,000 crore and Rs 6,000 crore in FY23. Its assets under management (AUM) stood at Rs 40,251 crore end March 2022.



The magnitude of AUM is expected to decrease as a few enterprise NPAs are now in the market. This is because most of them have been resolved. Transactions are also increasingly done in cash instead of security receipts.

RK Bansal, Managing Director and Managing Director of Edelweiss ARC, said the company achieved recoveries worth Rs 6,903 crore with a focus on optimal resolution and recovery of portfolio assets during in FY22. It invested about Rs 1,308 crore to recover stressed loan pools in FY22.

In FY21 when the Indian economy was devastated by the first wave of Covid, ARC recoveries were worth Rs 5,430 crore and it only deployed (invested) Rs 474 crore.

The company continues to maintain its market-leading position with an approximately 45% share in the ARC space. Given the need for granularity and improved cash flow, acquiring and resolving retail assets are priority areas, Bansal said.

The CRA remains active in the area of ​​large notes, that is, business accounts. But volumes are low, given that many large accounts have been resolved or are going to the National Asset Reconstruction Company.

Its board has approved a proposal to raise funds by issuing non-convertible debentures – totaling Rs 6,000 crore – on a private placement basis. It will be in one or more installments.

In FY22, the company recorded total revenue of Rs 899.27 crore (Rs 867.38 crore in FY21). The company’s net profit was Rs 252.67 crore (Rs 185.63 crore in FY21)

Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor

]]>
Sheikh Mohamed orders disbursement of housing loans worth 2.3 billion dirhams – News https://lotusandrose.com/sheikh-mohamed-orders-disbursement-of-housing-loans-worth-2-3-billion-dirhams-news/ Fri, 29 Apr 2022 20:13:11 +0000 https://lotusandrose.com/sheikh-mohamed-orders-disbursement-of-housing-loans-worth-2-3-billion-dirhams-news/ Housing package to provide social stability and help citizens raise strong and stable families File photo Published: Sat 30 Apr 2022, 00:13 Housing loans worth 2.36 billion dirhams will be disbursed to 1,347 citizens of Abu Dhabi to coincide with Eid celebrations. His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, […]]]>

Housing package to provide social stability and help citizens raise strong and stable families



File photo

Published: Sat 30 Apr 2022, 00:13

Housing loans worth 2.36 billion dirhams will be disbursed to 1,347 citizens of Abu Dhabi to coincide with Eid celebrations.

His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the Armed Forces and Chairman of the Executive Council of Abu Dhabi announced the first housing package in 2022 to provide social stability and help citizens to raise strong people, stable families who will benefit the UAE in the future.

Falah Mohammad Al Ahbabi, Chairman of the Department of Municipalities and Transport and Chairman of the Board of the Abu Dhabi Housing Authority, said: “This housing package reflects the commitment of our leaders to ensure the good -being of our citizens and to prioritize the strength and stability of families. .”

Dr Mohammad Rashid Ahmad Al Hameli, Chief Executive of the Abu Dhabi Housing Authority, said: “Immediately after the leaders issued the guidelines, we are contacting beneficiaries to expedite the process so they can claim their housing allowances. This is part of the Abu Dhabi Housing Authority’s strategy to provide efficient and high quality services to the citizens of the UAE and make their journey smooth and effortless.

]]>
NanoByte Becomes First Token to Provide Instant Fiat Loans; Following a partnership with one of the largest traditional financial institutions in Indonesia https://lotusandrose.com/nanobyte-becomes-first-token-to-provide-instant-fiat-loans-following-a-partnership-with-one-of-the-largest-traditional-financial-institutions-in-indonesia/ Wed, 27 Apr 2022 20:29:00 +0000 https://lotusandrose.com/nanobyte-becomes-first-token-to-provide-instant-fiat-loans-following-a-partnership-with-one-of-the-largest-traditional-financial-institutions-in-indonesia/ Jakarta, Indonesia–(Newsfile Corp. – April 27, 2022) – After a successful partnership with Danamas – one of Indonesia’s leading FinTech cooperations, NanoByte is poised to lead the way in crypto adoption in Asia-Pacific . They will be the first to provide instant fiat loans to over 270 million Indonesians. Danamas x NanoByte Partnership To view […]]]>

Jakarta, Indonesia–(Newsfile Corp. – April 27, 2022) – After a successful partnership with Danamas – one of Indonesia’s leading FinTech cooperations, NanoByte is poised to lead the way in crypto adoption in Asia-Pacific . They will be the first to provide instant fiat loans to over 270 million Indonesians.

Danamas x NanoByte Partnership

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/8632/121709_2c9ef4996456cb48_001full.jpg

Three of the world’s most populous countries (China, India, and the United States) are becoming increasingly strict on cryptocurrency, while crypto proponents have touted Indonesia as a future emerging market for cryptocurrency. industry. When it comes to cryptocurrency, Indonesia is way ahead of many countries. With a population of over 270 million and one of the fastest growing economies in the world, the future of this avenue looks bright. Its government is also open to crypto, with its president (Joko Widodo) actively encouraging Indonesians to learn more and improve their skills around new technologies, including crypto.

Despite huge opportunities in Indonesia, there are only around 7 million crypto investors in the country, less than 3% of its total population. NanoByte Token (NBT) was launched last month, aiming to become a pioneer in crypto adoption in the world’s fourth most populous country. NanoByte is affiliated with Nanovest, an investment app for trading US stocks and cryptocurrencies, based in Indonesia. It has already won the support of more than 2 million people in Indonesia when it launched in beta. Today they finally announced their latest innovation: the first-ever instant fiat loan with NanoByte through a partnership with Danamas, a subsidiary of Sinarmas Financial Service company.

Sinarmas Financial Service is one of the leading financial service providers in Indonesia that offers an integrated and comprehensive range of financial services including banking, insurance, financing, capital markets, asset management, stock administration, security and information technology. Sinarmas Financial Service is also part of the Sinarmas conglomerate group which has a presence in Indonesia since the 1930s.

NanoByte’s partnership with Danamas is one of the first moves to gain acceptance of crypto assets into the full suite of traditional financial ecosystem in Indonesia.

As a crypto project, the Nanobyte Token (NBT) is now available through the centralized exchange Tokocrypto, Binance’s wallet in Indonesia. In the global market, it is accessible through Pancakeswap and Uniswap.

Nanovest CEO Hutama Pastikasaid the partnership between Nanobyte and Danamas to provide NBT as an instant loan application service will be effective from April 19, 2022.

“The latest program of Instant Loan Services (NBT) based on crypto assets should encourage education and be proof for crypto enthusiasts with all Indonesians of the kind of amazing things a digital asset can provide. all these efforts can build people’s confidence that this new investment instrument is not so difficult and perfectly safe for everyone.”

The asset-based NBT instant loan offered by Nanobyte and Danamas is an innovative project, allegedly the first of its kind in the world. All Indonesians who wish to apply for a loan can do so as long as they have NBT and are available to join this program.

“Danamas and Sinarmas Financial Service are discovering that today’s young generation has started becoming better educated in investing and investing a lot through digital currency. Through this partnership, NanoByte token holders can get instant loans with up to 80% lower interest than they normally get in the market,” Danamas CEO, Joyce Andries mentioned.

To this day, crypto-based projects are often seen as risky, scary, and unstable investments. Through this innovation, Danamas and Sinarmas Financial Service intend to boost the adoption of crypto assets by introducing a new channel that is more reliable and accessible to the novice. Hopefully, this can lead to bigger and faster growth of the crypto industry in Indonesia, the Asia-Pacific region and worldwide. The foundations are formed and growth has begun. It can only get bigger and brighter from here.

About NanoByte Token (NBT)

NanoByte Token aims to link cryptocurrency to the traditional/conventional monetary system; creating utility for cryptocurrency in products such as e-money, credit cards, insurance, and other investments. NBT’s home market is Indonesia, the 4th largest country in the world with 270 million lives. After its initial launch in Indonesia, NanoByte is exploring opportunities in other countries. NBT is uniquely positioned to make crypto legit and mainstream due to the support it receives from both traditional financial institutions and new-age crypto institutions. Some of the big names partnering with NBT include Sinar Mas Financial Services (one of the largest financial institutions and a diversified group in Southeast Asia), Tokocrypto (the largest crypto exchange in Indonesia) and Agate International (the largest game developer in Indonesia).

Nanobyte website | Instagram | Twitter | Telegram | Medium | Youtube

About Danamas and Sinarmas Financial Service

Danamas is a company founded in 2000 under the name of PT. Komunindo Arga Digital, the company later changed its name to PT Pasar Dana Loan, which was established under the auspices of Sinarmas Financial Service, one of the leading financial service providers in Indonesia. Danamas is also a member of the Indonesian Fintech Association (AFPI). The company is committed to helping businessmen, especially MSME fighters, to develop their businesses, and employees/workers to obtain loans by tender and easily.

Danamas website | Instagram | Youtube

Contact:
Cindy Claudia
+6281372738935

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/121709

]]>
Retired officer fights to clear his name after fraudster took out loans in his company name – WSB-TV Channel 2 https://lotusandrose.com/retired-officer-fights-to-clear-his-name-after-fraudster-took-out-loans-in-his-company-name-wsb-tv-channel-2/ Tue, 26 Apr 2022 05:43:42 +0000 https://lotusandrose.com/retired-officer-fights-to-clear-his-name-after-fraudster-took-out-loans-in-his-company-name-wsb-tv-channel-2/ LITHONIA, Ga. — A former Atlanta police officer who spent 30 years on the force fighting fraud is now fighting crime in a whole new way. Retired Atlanta Police Sgt. Stanford Pearson said a scammer used his company name to defraud a DeKalb County church out of tens of thousands of dollars in 2018. Pearson […]]]>

LITHONIA, Ga. — A former Atlanta police officer who spent 30 years on the force fighting fraud is now fighting crime in a whole new way.

Retired Atlanta Police Sgt. Stanford Pearson said a scammer used his company name to defraud a DeKalb County church out of tens of thousands of dollars in 2018.

Pearson said Channel 2’s Michael Seiden this accused fraudster struck a million dollar deal to build a new building at a local church.

[DOWNLOAD: Free WSB-TV News app for alerts as news breaks]

Court documents show that the work never took place. An investigation revealed that the same fraudster was pulling permits under another company’s name.

Now the alleged fraudster is dead and Pearson could be owed tens of thousands of dollars for a contract he never agreed to.

“I’m just floored by it,” Pearson told Seiden.

After 30 years in the force, Pearson turned his badge into a tool belt and built Sunrise Construction Company into a successful business.

This company is now in the background after it was named a defendant in a civil lawsuit.

“I was sued for a construction project I was building, a $1.2 million commercial church in Lithonia, Georgia,” he explained.

Confused by the allegations, Pearson launched his own investigation.

“I knew I had never been on the property. I knew I had never heard of the church or any of the people involved in the lawsuit,” he said.

TRENDING STORIES:

It was then that Pearson learned that a man visiting his church, Juan Crosby, had contracted with another church to build their building without Pearson’s knowledge.

According to police reports, Crosby entered into a contract with First St. Paul AME Church to construct their building. He also applied for two permits under Pearson’s company name without his permission.

“This gentleman went there without my credentials or credentials, no ID, no construction company credentials and was able to get a demolition permit in my company name “, said Pearson. “It’s clearly fraud, and I never thought it would reach this level.”

A judge ordered Pearson and a group of contractors to pay the church more than $25,000 in damages.

Pearson says he tried to contact Crosby, but found he died in 2020.

[SIGN UP: WSB-TV Daily Headlines Newsletter]

Lawyers for the church declined Seiden’s request for comment.

Pearson and his lawyers are appealing the judge’s decision and hope to see the lawsuit thrown out as soon as possible.

IN OTHER NEWS:

]]>
Faster loan approval, cheaper loans; Know how beneficial a good rating is https://lotusandrose.com/faster-loan-approval-cheaper-loans-know-how-beneficial-a-good-rating-is/ Sun, 24 Apr 2022 07:00:55 +0000 https://lotusandrose.com/faster-loan-approval-cheaper-loans-know-how-beneficial-a-good-rating-is/ When applying for loans from banks or any other financial institution, the CIBIL score of the borrower is examined. The score ranges from 300 to 900. The higher the score, the better. Generally, a score above 750 is considered good where the chances of loan approval become higher. Banks approve loans or issue credit cards […]]]>

When applying for loans from banks or any other financial institution, the CIBIL score of the borrower is examined. The score ranges from 300 to 900. The higher the score, the better. Generally, a score above 750 is considered good where the chances of loan approval become higher.

Banks approve loans or issue credit cards only to those with a good CIBIL score. The CIBIL report contains the score and other credit details. Banks after reviewing the CIBIL report can check the repayment discipline of the borrower. It also gives an insight into the person’s credit risk profile, depending on which banks decide whether or not to grant a loan. Here is why a good CIBIL score is important and what is the benefit of a good CIBIL score:

Cheaper loans: Banks offer interest rates on loans based on the risk profile of borrowers. If a borrower’s CIBIL score is good, banks may offer a lower interest rate to those with a lower score.

Faster Loan Approval: Those with good credit ratings generally do not face delays in loan approvals. Financial institutions tend to easily approve loans to those with a good CIBIL score.

Higher credit limits: Taking large loans from banks requires a very good score as it involves higher risk. If you have a good CIBIL score, you may be offered a higher loan amount or credit limit compared to those with a lower score.

Pre-approved loans: If you have a good CIBIL score, your bank might offer you pre-approved loans or credit cards, a great way to get a personal loan fast.

Cards with better benefits: Credit and debit cards offer certain benefits and rewards. However, those with a better credit repayment history and therefore a good CIBIL score, banks offer better benefits and rewards.

In 2017, the Reserve Bank of India (RBI) made it mandatory for all credit bureaus in the country to offer a free detailed credit report per calendar year, which is available on the official website of CIBIL.

Credit card issuance in India, according to a PWC report, has grown significantly at a compound annual growth rate of 20% over the past four years. The number of credit card holders increased from 29 million in March 2017 to 62 million in March 2021. It further increased by 26% and 23%, respectively, in 2019 and 2020.

According to the latest RBI data, credit growth in India continues to be driven by retail lending. An SBI research report also stated: “Interestingly, retail lending has become the main driver of bank lending in recent years and now accounts for the largest share (30.5%) of outstanding debt. credit from all regular commercial banks, replacing industrial loans (28.9% percent). Within retail, home loans have the largest share.

Read all the latest IPL 2022 news, breaking news and live updates here.

]]>
Dismal Recovery Position of Government Loans from PSUs – Jammu and Kashmir Latest News | Tourism https://lotusandrose.com/dismal-recovery-position-of-government-loans-from-psus-jammu-and-kashmir-latest-news-tourism/ Fri, 22 Apr 2022 05:03:34 +0000 https://lotusandrose.com/dismal-recovery-position-of-government-loans-from-psus-jammu-and-kashmir-latest-news-tourism/ Loss-making Public Sector Enterprises (PSUs) according to the strict business solution should be justly closed as not being able to make and record profits after incurring all the expenses of the process or sold to private establishments to operate in a strictly professional manner, regardless of the fate of the employees who work there and […]]]>

Loss-making Public Sector Enterprises (PSUs) according to the strict business solution should be justly closed as not being able to make and record profits after incurring all the expenses of the process or sold to private establishments to operate in a strictly professional manner, regardless of the fate of the employees who work there and who, in the process, might be subject to the rigors of exercising needs-based requirements on the principle of how much production – in how many hours – by how many employees – against how many wages / wages, etc. In other words, surplus personnel under the process as it has been professionally developed will have to move and only those who could work hard to turn a loss-making entity into a lucrative one. Apparently, in an elastic democratic framework where social protection measures and the protection of the employment of employees almost reign supreme and are of the utmost importance, lead governments to bail out these loss-making entities by granting loans and advances with a very favorable repayment schedule, which, however, should be a short-term measure. Not only that, in addition to investing in cooperative societies, enterprises, etc., the government has, as a common and accepted practice, granted loans, advances and other monetary concessions to various other institutions and organizations so that ‘they have no account problems. finance necessary for the proper functioning of these institutions. However, although loans or give the term any name, liquid assets, as such, coming into the hands can change the face of these loss-making institutions provided they are professionally managed because it gives new life to the system to energize and rejuvenate. The said PSU therefore comes out of a loss scenario but it must be remembered that a loan is a liability that must be cleared because it directs the management of the PSU concerned to develop strategies and plans to achieve such favorable results. and imbues a sense of greater responsibility in employees to perform at their best, with other things remaining the same.
Having said that, it is incomprehensible that against an outstanding amount of Rs.923 crore in the form of loans and advances, a paltry amount of Rs. sternly commented by Comptroller and Auditor General (CAG) of India and since almost namesake recovery and not just poor recovery of loans and advances, was witnessed during 2019-2020, net increase in outstanding has resulted from the addition of nominal interest and other expenses. J&K (State) Road Transport Corporation (JKSRTC) for example, which remained in the red except for a brief period, now has a fleet of new modern tour buses, minibuses and the like. and not only operating in UT but also running long distance interstate services, has not refunded anything and a whopping Rs 377 crore is outstanding against the company. Instead, during the reporting period, Rs.7 crore was further advanced to the company. As some reform measures were implemented in the JKSRTC a few years ago to bring the Company on proper track and many employees as such had also sought the VRS facility with additional monetary benefits and some routes have been rescheduled for running services, still it looks like it is not only doing badly, but worse, which may jeopardize its survival even unless it becomes profitable.
Such a scenario cannot be allowed to continue to use public funds in the form of loans and advances to finance losses and not guarantee the end use, because these loans can be wasted on meeting consumption needs, payroll charges and not the creation of assets by these loss-making PSUs, which was also endorsed by the CAG of India and directed the UT government “to review its policy on loan disbursement and advances to loss-making PSUs”. We do not exclude the operational problems encountered by the loss-making PSUs concerned which can only be solved by employing appropriate strategies, reforms, innovations, improving services, facing competition from other players in domain, minimizing waste and unused capacity, etc. The obverse of all this hardly needs to be elaborate.

]]>