first_imgAfrican Export Import Bank (AEIB.mu) listed on the Stock Exchange of Mauritius under the Banking sector has released it’s 2015 annual report.For more information about African Export Import Bank (AEIB.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the African Export Import Bank (AEIB.mu) company page on AfricanFinancials.Document: African Export Import Bank (AEIB.mu)  2015 annual report.Company ProfileAfrican Export Import Bank is a financial institution that facilitates trade amongst African countries as well as trade between Africa and other continents. The bank provides investment banking and advisory services as well as project and export development programs in Mauritius and around the world with particular focus on the globalization of African trade. African Export Import Bank is listed on the Stock Exchange of Mauritius.last_img read more

first_img Our 6 ‘Best Buys Now’ Shares 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. Image source: Getty Images. Cliff D’Arcy | Thursday, 10th December, 2020 “This Stock Could Be Like Buying Amazon in 1997” Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. 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.center_img Simply click below to discover how you can take advantage of this. These are the FTSE 100’s biggest losers since 2019. I’d buy these cheap shares today Cliffdarcy has no position in any of the shares mentioned. The Motley Fool UK has recommended HSBC Holdings, Lloyds Banking Group, Melrose, and Standard Chartered. 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 For UK shareholders, 2020 has been a tough year. As Covid-19 spread, share prices collapsed, wiping trillions of dollars from global wealth. UK shares were hit particularly hard. Even after a near-record bounce in November, the FTSE 100 index has lost over 955 points — more than an eighth (12.7%) — this year. By contrast, the US S&P 500 index is ahead by over 470 points (14.6%) in 2020. What’s going on with the Footsie and where are its cheap shares hiding?The FTSE 100’s 42 winnersTo see where the damage to the FTSE 100 was done, I analysed all 99 shares that were in the index for at least a year. This also gives me an opportunity to hunt for cheap shares.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…Of these 99 shares, 42 have risen over 12 months. The highest gain was 116%, from a tech-focused investment trust. The #2 stock was up 108% (a miner of precious metals). What a year for shareholders in these two winners. A further 24 shares recorded double-digit gains ranging from 84.4% to 10.6%. The remaining 16 shares delivered single-digit rises ranging from 8.5% to 1.2%. The average gain across all 42 winners is 24.5%. But my search for cheap shares lies elsewhere.The FTSE 100’s 57 flopsWith 42 FTSE 100 shares up over 12 months, that leaves 57 losers. The lightest loss was just 0.4%, with a further 24 shares recording single-digit declines. This leaves 32 losers with double-digit price falls ranging from 10.4% to 57.9% (a well-known airline). The average fall across all 57 losers was 15.3%, versus the FTSE 100’s 9% slide over 12 months. Also, it’s clear that big declines among heavyweight fallers are responsible for most of the damage done to the FTSE 100 since 2019. This is where I look for cheap shares in quality companies.Cheap shares: The FTSE 100’s biggest losersThese are the FTSE 100’s 10 biggest fallers over 12 months:Informa (Publisher & events organiser) -27.4%HSBC Holdings (Global mega-bank) -28.7%Standard Chartered (Global bank) -29.8%BT (Telecoms) -29.9%Melrose Industries (Manufacturing conglomerate) -30.1%Royal Dutch Shell A (Oil & gas supermajor) -36.2%Royal Dutch Shell B (Oil & gas supermajor) -37.8%Lloyds Banking Group (UK retail bank) -39.5%BP (Oil & gas supermajor) -42.4%Rolls-Royce Holdings (Aero-engine maker) -48.7%IAG (International airlines group) -57.9%Against the backdrop of Covid-19, it’s easy to see why these particular stocks have been crushed in 2020. Banks are highly exposed to loan losses due to failing businesses in lockdowns. Likewise, falling demand for fossil fuels and a decline in the oil price has clobbered energy stocks. At the very bottom lie IAG and Rolls-Royce, both devastated by the dizzying collapse in air-miles flown. To be fair, I’m surprised these two stocks aren’t even lower, given that normal air traffic is unlikely to return before 2023/24. These two ‘cheap shares’ may well turn out to be value traps.I’d buy these cheap shares for 2021Of these nine businesses (Shell accounts for two shares), I’d consider buying the cheap shares of five firms. The five are HSBC, BT, Shell, Lloyds and BP. My reasons? I expect a big bounce from banks in 2021, being very sensitive to upswings in the economic cycle. Likewise, a return to normality should boost fuel consumption, raise oil prices, and boost Shell and BP. For years, I’ve considered BT a basket case (partly due to its colossal pension problems), but even I am warming to its shares. In short, I think a mini-portfolio of these five shares could beat the wider FTSE 100 in 2021, not least because of its market-beating dividends! 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first_img Projects Year:  Houses ArchDaily Chile Area:  230 m² Year Completion year of this architecture project Save this picture!+ 26 Share 2006 “COPY” Text description provided by the architects. The design proceeds from the particularities of the terrain, its slope, its vegetation, its views and the requirements of the client, a single man who permitted the architects to redefine the program of a single-family house and to turn it into a single-person one in a spot that allows him to get away from the city and to live in a close relationship with the landscape of the Andean foothills. Save this picture!Recommended ProductsWindowsAccoyaAccoya® Windows and DoorsDoorsSaliceSliding Door System – Slider S20DoorsLonghiDoor – HeadlineDoorsdormakabaEntrance Doors – Revolving Door 4000 SeriesThe topography is interrupted by an 8x36m horizontal plane running north-south against the slope. The platform generates a stable and continuous surface area that includes a guest room, a patio, a pavilion, a terrace and a pool, which occupy its entire length. Save this picture!The heavy surface of the patio, raised 70cm above the level of the platform, is defined by the base of a pre-existing hawthorn tree. The pavilion is a glass enclosure beneath a light-weight roof, dark in color, an almost empty space from where the gaze traverses the glass in the direction of the foothills, the deep valley, the pines and the space immediately outside, taking in every field of vision the terrain offers. Save this picture!The pavillion harnesses the sun but controls it by means of eaves and curtains. Two sliding windows, one in the north and the other in the south, enable the pavilion to be ventilated by making use of the wind that comes up through the valley. Hanging over the slope, the terrace and the reflecting pool completely open up the landscape. The water reflects the light on the ceiling of the pavilion and keeps things fresh in the high summer temperatures.Save this picture!Project gallerySee allShow lessVila Romana Residence / MMBB ArquitetosSelected ProjectsYour Wall HouseArticles Sharecenter_img ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/2062/house-on-the-road-to-farellones-max-nunez-bernardo-valdes Clipboard ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/2062/house-on-the-road-to-farellones-max-nunez-bernardo-valdes Clipboard “COPY” CopyHouses•Santiago, Chile CopyAbout this officeMax NuñezOfficeFollowBernardo ValdesOfficeFollowProductsWoodSteelStone#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesSantiagoHousesChilePublished on June 09, 2008Cite: “House on the road to Farellones / Max Nuñez + Bernardo Valdes” 09 Jun 2008. ArchDaily. Accessed 12 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogPanels / Prefabricated AssembliesTechnowoodPanel Façade SystemSynthetics / AsphaltMitrexSolar RoofMetal PanelsAurubisPatinated Copper: Nordic Green/Blue/Turquoise/SpecialLinoleum / Vinyl / Epoxy / UrethaneTerrazzo & MarbleTerrazzo Flooring – Terroxy Resin SystemsMetal PanelsTrimoMetal Panel Finishes – ArtMePanels / Prefabricated AssembliesIsland Exterior FabricatorsMega-Panel Facade SystemsStonesCosentinoSurfaces – Silestone® Iconic SeriesBricksFeldhaus KlinkerFacing Bricks – Waterstruck VascuWallcovering / CladdingLinvisibileLinvisibile Boiserie and Skirting Systems | OrizzonteMetal PanelsRHEINZINKPanel Systems – Horizontal PanelDoorsJansenFire Doors – Janisol 2 EI30 70 mmSlabs / Plates / SheetsMetadecorMetal Facade Blade – MD LamelMore products »Read commentsSave世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream Architects: Bernardo Valdes, Max Nuñez Area Area of this architecture project House on the road to Farellones / Max Nuñez + Bernardo Valdes House on the road to Farellones / Max Nuñez + Bernardo ValdesSave this projectSaveHouse on the road to Farellones / Max Nuñez + Bernardo Valdeslast_img read more

first_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Design consultancy This Way Up, formerly Autumn Design Consultants, is celebrating 11 years of providing brand-driven communications for the voluntary and commercial sector.The London-based agency provides services to voluntary organisations including Samaritans, Christian Aid, Peabody Trust, British Lung Foundation, Trinity Hospice, Charity Commission, and ChildLine.During 2003 the agency secured 10 new clients including Peter Bedford Housing Association, International Alliance of Patients Organisations, English Churches Housing Group and the Institute for Animal Health. Advertisement Tagged with: Consulting & Agencies Individual giving Howard Lake | 13 December 2003 | News  23 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis This Way Up design agency celebrates 11th anniversary About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

first_img Howard Lake | 19 January 2006 | News  17 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Events AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Kidney Research seeks pubs for National Pub Quiz challenge Kidney Research is looking for pubs to take part in the National Pub Quiz Challenge, its fundraising campaign which runs from 26 February to 5 March 2006.Participating pubs will charge £2 a head to those taking part in quiz nights.The initiative is being run by Community Fundraising Manager Liz McGuinness. Advertisement About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

first_img  103 total views,  1 views today Homelessness charity Focus Ireland’s fundraising income grew by €1 million last year, according to the charity’s latest accounts.Fundraising income was €7.4 million, up from €6.4 million in 2014. Total income last year, including mostly government grants, was nearly €22 million, from €19.6 million the previous year.During the year Focus secured two new significant funding relationships. Bord Gáis Energy began a three-year Corporate Social Responsibility Partnership which will see the company raise awareness, promote volunteering and donate €1 million over three years to the charity’s advice and information services for families. The first phase of this relationship saw Bord Gáis contribute €107,570 to Focus’s fundraising income last year.During 2015, the Human Dignity Foundation awarded a five year grant to Focus Ireland to deliver a programme of work tackling youth homelessness in Ireland. The Human Dignity Foundation pledged €2.1 million over five years for the Building Youth Capacity for Independent Living project, with the first instalment of €229,170 already received.Focus Ireland says it generally adheres to a principle that the costs of generating fundraising income should not exceed 20% of the amount raised. However, for the duration of ‘strategic initiatives’ and while investment is being made to grow fundraising, they will deviate from the principle as appropriate. Fundraising costs were €1.8 million in 2015, 24% of funds raised (2014: 30%). Howard Lake | 20 December 2016 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis3  104 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis3 Irish homelessness charity’s income up by €1 million Tagged with: Finance Ireland Research / statistics Advertisement About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

first_img Market Expecting Bullish Report HAT will have the numbers and market reaction on the air, on line, and on your Smartphone. The Hoosier Ag Today Mid-day edition will have a complete rundown of the report and in-depth analysis. This audio report will be on this web site at about 12:30 pm and in the audio section of the Hoosier Ag Today Smartphone app. Home Indiana Agriculture News Market Expecting Bullish Report SHARE Facebook Twitter But according to Fritz, the stocks number may have more of an influence of market reaction than the acreage number.  Average expectations for corn stocks is 5.030 billion bushels; that is down almost 1 billion bushels from a year ago. Soybean stocks are forecast to be 947 million; that is one of the lowest soybean stock levels on record. Fritz told HAT higher numbers could be a drag on the market but says, if the numbers are lower, look for a big market reaction, “If the corn stocks number has a 4 in front of it, you will definitely see a sharp market reaction.  If the soybean number is 930 or lower, you will see a jump in soybean prices.” By Gary Truitt – Mar 27, 2013 Market Expecting Bullish Report Facebook Twitter Tom FritzThe USDA prospective plantings report and quarterly stocks report will be released this morning, and the market is eagerly waiting for the first look at that this year’s crop might be. According to Tom Fritz with EFG in Chicago, the market is looking for a bullish set of numbers. He said the average trade guess on corn acreage is 97.3 million acres, “That is about 100,000 more acres than we had last year, and I think most people are comfortable with this number.” He said a bigger issue for the trade, in the short term, is planting delays due to cool wet weather. On the soybean side, “The trade guess is 78.5 million acres. That would be about a 1.8 million acre increase, and that expectation has been a drag on the soybean market.” In addition if there is a delay in corn planting, that would mean some growers might switch to soybeans, putting even more pressure on soybean prices. SHARE Previous articleSeed Consultants Announces SCMatch™ Hybrid Placement ToolNext articleUSDA to Announce Federal-Private Agreement with DuPont Gary Truittlast_img read more

first_imgNewsLocal NewsMayor demands action on former landfill siteBy admin – September 24, 2009 820 Previous articleShots fired at houseNext articleConcern at access denial to city admin Print Facebook Advertisement IMMEDIATE action at the former landfill site on the Longpavement, is being demanded by Mayor Kevin Kiely.He wants it converted into a top class recreational facility.Sign up for the weekly Limerick Post newsletter Sign Up Following a directive by the EU some years ago, the site was cleared of the landfill dump for the city’s litter. Currently being rehabilitated under licence from the Environmental Protection Agency, the objective is to minimise the uncontrolled spread of landfill gas and landfill leachate beyond the site.While the rehabilitation works will continue to the end of this year, it is expected that the site will be redesigned for a number of recreational activities, although to-date, no specific details have been confirmed.This week, however, Mayor Kiely said the time is now opportune to move the project ahead.“Eight years ago, I was told that we’d have a golf course and soccer pitches on the site, as well as a riverside walk, possibly a playground, seating, lighting, etc. – all of which would fit in very well with the regeneration plans we have for that area of the city – now is the opportune to move on this”.The mayor enquired about the present levels of methane gas on the site and was told by City Hall executive, Caroline Curley, that monitoring of the site had revealed that the production of landfill gas was relatively low and therefore, ruled out the possibility of generating energy.“The Environment Protection Agency licence required that a landfill gas collection and treatment system be installed on the site and to comply with this, a gas drainage membrane was placed on top of the landfill,” she said.The mayor and councillors were told that pumping trials were carried out to estimate the amount and quality of gas that would be produced.“The results from the trials predict sustainable capacity at the site until 2040, and that the landfill gas will continue to be produced at a lower quantity and quality for the following 20 – 30 years”.Explaining that while the rehabilitation work on the site will be completed by the end of this year and that monitoring will continue to ensure a reduction of land fill gas, city council says that a system, comprising vertical wells, collection pipework, pumping plant, storage tank, methane stripper and a rising main to the main drainage system will be installed.“Landfill gas will also be reduced by the placing of a liner layer and the surface water liner layer over the entire landfill body, which will prevent water going into the site.Mayor Kiely said that the recreational facilities planned for the site, when the rehabilitation work finishes at the end of this year, will be discussed at the first full meeting of the new city council, at the end of September.center_img WhatsApp Linkedin Email Twitterlast_img read more

first_img Community Reinvestment Act Government HOUSING Redlining 2020-06-11 Mike Albanese Home / Daily Dose / Redlining Results in 52% Less Home Value for Homeowners About Author: Mike Albanese Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: FHFA Extends Forbearance Flexibilities Next: Unemployment Reports Weekly Decline Redlining Results in 52% Less Home Value for Homeowners in Daily Dose, Featured, Government, News Tagged with: Community Reinvestment Act Government HOUSING Redlining Related Articles June 11, 2020 1,854 Views center_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save  Print This Post The Best Markets For Residential Property Investors 2 days ago Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Analysis by Redfin said homeowners in a neighborhood with government redlining has gained 52% less value—$212,023 less—in personal wealth when compared to greenlined neighborhoods over the last 40 years. African-American homeowners are nearly five times more likely to own a home in formerly redlined areas than in a greenlined neighborhood. This could result in declining home equity and overall economic inequality for African-American families. “It’s a tale of two cities in Chicago. It goes back to redlining, when [African-American] residents lived in certain neighborhoods and white people lived in others, and the difference in home value and segregation between those places have been exacerbated by policy, education, wage inequality and so many other issues,” said Chicago Redfin agent Brittani Walker. “I hear the systemic problems every day when I talk to clients. Homebuyers have boundaries they’ve set for themselves, or a friend of a friend has set for them. “They don’t want to buy in certain neighborhoods, especially on the South Side in formerly redlined areas, because those places don’t get the culture, the restaurants, the fun events, they don’t even get healthy food at grocery stores. And that contributes to why home prices don’t go up in those neighborhoods.” Redlining refers to the 1930s-era practice where the Home Owners’ Loan Corporation assigned grades and colored coded residential neighborhoods to indicate their “mortgage security.” Neighborhoods that received an “A” grade were greenlined and those with a “D” grade were red and considered “hazardous.”Redfin states that urban areas with a large share of African-American families were most likely to be redlined, while areas made up of white families were deemed favorable. The Fair Housing Act of 1968 made it unlawful to refuse to rent, sell, or provide financing for a house based on race, religion, and national origin. The 1977 Community Reinvestment Act (CRA) further outlawed redlining. Additionally, Redfin said the national homeownership rate is lower for African-American families than white families—44% compared to 73.7%, respectively. “The expanding homeownership gap between Black and white families can in part be traced back to diminished home equity due to redlining, as it’s one major reason why Black families today have less money than white families to purchase homes either as first-time or move-up homebuyers,” said Redfin Chief Economist Daryl Fairweather. “It’s important to note that other factors play a role in lower homeownership rates for Black families, too. For instance, employment discrimination has prevented Black workers from earning equitable income.”The Office of the Comptroller of the Currency recently released a final rule strengthening and modernizing the CRA. The final rule will increase bank CRA-related lending, investment, and services in low- and moderate-income communities where there is a significant need for credit, more responsible lending, and greater access to banking services. The final rule reflects careful consideration of the more than 7,500 comments stakeholders submitted in response to the notice of proposed rulemaking announced on December 12, 2019. The OCC made several changes to the proposal that respond to stakeholders’ comments, including:Clarifying the importance of the quantity and quality of activities as well as their value.Increasing credit for mortgage origination to promote the availability of affordable housing in low- and moderate-income areas.Clarifying credit for athletic facilities to ensure they benefit and support low- and moderate-income communities.Deferring establishment of thresholds for grading banks’ CRA performance and delineating banks’ deposit-based assessment areas until the OCC assesses improved data required by the final rule.During a January hearing of the House Financial Services Committee, committee member Gregory Meeks noted there is still evidence of discrimination in lending—something the CRA was meant to solve. “Your proposal decouples CRA from outcomes for intended communities, discounts the value of direct lending in mortgages to low and moderate-income communities and communities of color, cuts out community organizations that work directly with these targeted communities, and is just not supported by data,” Meeks said of the now-former Comptroller of the Currency Joseph Otting’s proposal. Meeks added that numerous banks are opposed to the plan and community groups have called possible changes “betrayal of the original intent of the CRA.”  Subscribelast_img read more

first_imgNews UpdatesMadras HC Refuses To Cancel DMK Leader R. S. Bharathi’s Interim Bail In Case Under SC/ST Act For Disrespectful Remarks Against Lower Caste Elevations To HC [Read Order] MEHAL JAIN1 Jun 2020 1:42 AMShare This – xThe Madras High Court on Saturday refused to cancel the May 23 grant of interim bail by the Principal Sessions Court to DMK organising secretary R.S. Bharathi, also a Rajya Sabha member, who was arrested under the Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act of 1989.Bharathi, a well known leader, made disrespectful remarks on members of oppressed class stating that…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 Madras High Court on Saturday refused to cancel the May 23 grant of interim bail by the Principal Sessions Court to DMK organising secretary R.S. Bharathi, also a Rajya Sabha member, who was arrested under the Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act of 1989.Bharathi, a well known leader, made disrespectful remarks on members of oppressed class stating that the appointment of Justice A.Varadharajan, who belongs to lower caste and other 7 or 8 appointments of lower caste judges to High Court were alms rendered by former Chief Minister before the gathering of more than 100 people. Justice M. Nirmal Kumar rejected the request of the Central Crime Branch of the state police to cancel the interim bail granted till May 31 considering that the family members of the accused are doctors and accordingly, if he is lodged in prison, there was risk of making the other inmates susceptible to COVID.The judge also allowed the plea of the MP in directing the Principal Sessions Court to consider grant of regular bail to him right on the day when he chooses to surrender before the court.The Single Bench expressed that the speech disrespects Justice A.Varadharajan who is held in high esteem by members of the schedule caste and scheduled tribe who is an inspiration to thousand of lawyers belonging to the lower caste. This speech was made by the petitioner to bring publicity for his leader. According to the accused, the members belonging to the oppressed class are being appointed to such a position not because of their merit but because of charity made by the political leaders and thus insulted and humiliated the S.C./S.T. People. This meeting was telecasted in most of the Television and online channels. The statements are deeply disrespectful which attracts the offences under Section 3 (u) and 3(v) of the atrocities Act, 1989. On complaint, the case came to be registered on13.03.2020 at 6.00 P.M. Thereafter due to the Covid 19 pandemic no substantial investigation was conducted despite time limit prescribed under S.C./S.T. Rules. Hence, the de-facto complainant moved the High Court, which by order dated 12.05.2020 directed the Investigating officer to complete the investigation and file charge sheet within a period of thirty days from the date of the order.In view of the order passed, the investigating officer who was constrained of time to complete the investigation expeditiously, as he was involved in the works relating to Covid 19, the Commissioner of Police, Greater Chennai Police transferred the investigation to the Assistant Commissioner of Police, Central Crime Branch, Greater Chennai Police. The latter on 22.05.2020 at about 18:30 hours took up the case for further investigation. The investigating officer perused case diary and documents collected in the case examined the previous Investigating Officer found prima facie commission of offence by the accused and in the course of investigation he intended to examine the accused at his residence, proceeded to examine the accused. Since, the accused did not co-operate, the investigating officer arrested the accused on 23.05.2020 at about 5.40 hours at his residence for the purpose of investigation, for the reason, if the petitioner/accused is not arrested, he would commit offence further and the members of the oppressed community resorting to more number of agitations leading to law and order problem cannot be ruled out.The accused was brought to the Central Crime Branch on 23.05.2020. Thereafter, the petitioner was produced for remand before the Principal Sessions Judge/Special Judge who by order dated 23.05.2020 had granted interim bail to the petitioner till 31.05.2020 on the petitioner executing a personal bond for Rs. 10,000/- and directed the petitioner to surrender before the Court on 01.06.2020.Before the arrest, the petitioner on 18.05.2020 had moved the High Court in a plea that came to be listed on 21.05.2020. The case, thereafter was adjourned to 27.05.2020 for serving notice to the de-facto complainant and for filing counter. Then to serve notice on the de-facto complainant as per Section 15-A(5) of the Act and for the State Public Prosecutor to file his counter the case was adjourned to 27.05.2020. In the meanwhile the petitioner was arrested on 23.05.2020. Thereafter the petitioner/accused was produced for remand before the Principal Sessions Judge/Special Judge at his residence since the said date viz., 23.05.2020 happens to be a Saturday/holiday. The Principal Sessions Judge/Special Judge after hearing arguments from both sides, granted interim bail as stated above. It is this order which came to be challenged before the High Court.Observations of the Court”The learned Judge after hearing either side considering the overall facts and circumstances of the case granted interim bail to the petitioner. The reasons assigned by the learned Judge  are clear and it is not a cryptic order and the order is a reasoned one with necessary particulars”, observed the Single Bench. The High Court opened that it was considering the direction of the Apex Court in the prevailing situation of COVID 19 and the fact that the son and wife of the accused are doctors and his son is treating patients in Government General Hospital and the accused is in self quarantine, that the lower Court granted interim bail to the petitioner/accused. Further, it was of the view that it is only interim bail and non hearing of the defacto complainant would not amount to violation of mandatory provisions of Section 15-A (5) of the Act. The petitioner/accused is to appear before the Sessions Judge on 01.06.2020. The defacto complainant is aware of the same and may make his objections then. The Single Judge noted the circular of the Ministry of Social Justice and Empowerment, Department of Social Justice and Empowerment dated 15.03.2018 to the Chief Secretaries to all the State Governments/Union Territory Administration that the authorities empowered to issue Scheduled Caste certificates not to insert the word ‘Harijan’ in the Scheduled Caste certificate but to mention only the caste to which the person belongs and which has been recognised as Scheduled Caste under the presidential orders.”Thus the petitioner using the word ‘Harijan’ is a offence. The restriction in usage of word Harijan is for the purpose of issuance of community certificate the interpretations given by the State Public Prosecutor cannot be accepted”, the court held. Further, it was observed that under the scheme of the Act, appeals are only to be filed under Section 14-A of the Act. Therefore the order challenged by the State Public Prosecutor under Section 482 Cr.P.C cannot be accepted.”The High Court possesses the inherent powers to be exercised ex debito justitiae to do the real and substantial justice for the administration of which alone Courts exist. The power has to be exercised to prevent abuse of the process of the Court or to otherwise secure the ends of justice. But this power cannot be resorted to if there is a specific provision in the Act”, it reflected.Moreover, the court expressed that the petitioner is 72 years old, the threat and fear is real, as “the spread of COVID-19 is raising in alarming phase throughout and the prison is no exception” “In view of the same, this Court does not find any infirmity or illegality in the order passed by the lower Court”, it concluded.Click Here To Download Order[Read Order] Next Storylast_img read more