Will regularise all contract workers Arvind Kejriwal

first_imgNEW DELHI: Delhi Chief Minister Arvind Kejriwal on Monday in a rally for AAP’s East Delhi candidate Atishi said that within 24 hours of gaining full statehood, the Delhi government will make every contract worker full time. “Delhi government has 2 lakh vacancies. Our cabinet has passed files where we urged the Centre to give us more employees but they did not,” said CM Arvind Kejriwal.He also said that this election for the citizens of Delhi should be an election to get full statehood and not to elect a Prime Minister. “Do not think I am making false promises here. I have planned what we should do after getting full statehood. I am educated person and I do not have false degree,” said the Chief Minister. Also Read – After eight years, businessman arrested for kidnap & murderCM Kejriwal slammed the tenure of PM Narendra Modi and also reminded the PM about his promises to give full statehood to Delhi. “Last time you voted for PM Narendra Modi who can not handle Pakistan but wants to control Delhi police. Give the police to Delhi government and I promise you that if your daughter goes out at 11 pm, she will walk safely,” said the CM. Explaining the need of the full statehood the Chief Minister and also the Deputy CM Manish Sisodia linked it to the issue of education development. “After coming to power we have revolutionised the Delhi government education. The students are getting education of excellence and we will make every child literate in Delhi. But after school they are not getting chance in higher education because there is no seat reserved for our own children,” said Deputy CM Manish Sisodia. Also Read – Two brothers held for snatchingsThe Deputy CM who also holds the portfolio of education minister explained that every state has near 85 per cent reserved seats for their own children but Delhi has no such provisions because it’s not a full statehood. “If Delhi becomes a full state then I promise you that if your child gets 60 per cent marks then also he or she will get admission. Whereas now after getting 95 per cent marks our own children do not get admission in Delhi colleges,” said the Deputy CM. East Delhi’s AAP candidate Atishi who have been the key brain behind the education reforms in Delhi also talked about why Delhi should become a full state.last_img read more

Eligible NBFCs can get licence to offer forex transactions to individuals RBI

first_imgMumbai: The Reserve Bank of India (RBI) Tuesday said systematically important non-deposit taking NBFCs offering foreign exchange transactions on individual accounts will be eligible to obtain Authorised Dealer (AD) Category-II licence from it. AD-Cat II means entities that are authorised by the RBI to deal in foreign exchange for specified purposes. These include upgraded full-fledged money changers (FFMCs), select regional rural banks, select urban cooperative banks and certain other entities. Also Read – Thermal coal import may surpass 200 MT this fiscalThe RBI noted that a large segment of population is increasingly getting connected with forex transactions on individual accounts. To increase the accessibility and improve the efficiency of services extended to the public for their day-to-day non-trade current account transactions, the RBI said “it has been decided that systemically important non-deposit taking investment and credit companies shall be eligible for Authorized Dealer- Category II (AD-Cat II) licence”. Also Read – Food grain output seen at 140.57 mt in current fiscal on monsoon boostThe central bank further said NBFCs having a minimum investment grade rating are eligible for the licence. It also said NBFCs offering forex serives should have a board-approved policy on managing the risks (including currency risk) and handling customer grievances arising out of such activities. A monitoring mechanism, at least at monthly intervals, shall be put in place for such services, it added. The eligible NBFCs desirous of undertaking AD-Cat II activities should approach the RBI for the licence. The different types of Authorised Money Changers are AD-Cat I Banks AD-Cat II and FFMCs.last_img read more

Continued destruction of African forests threatens great apes habitat UN agency says

Findings for the orangutans of Southeast Asia appear even bleaker, as the new report says that by 2030 there will be almost no habitat left that can be considered “relatively undisturbed.” “It is not too late to stop uncontrolled exploitation of these forests,” said UNEP Executive Director Klaus Toepfer. “By doing so, we may save not only the great apes, but also thousands of other species. By conserving the great apes, we will also protect the livelihoods of the many people that rely on forests for food, medicine and clean water.”The results come from a study by UNEP, which is coordinating the Great Apes Survival Project partnership along with scientists from Norway and the United States, and is based on a pioneering method of evaluating the wider impacts of infrastructure development on key species.The report examined in detail each of the four great ape species to assess the current habitat deemed relatively undisturbed and thus able to support viable populations of apes. The experts then mapped the likely affect and area of healthy habitat left in 2030 at current levels of infrastructure growth.While most studies focus on the actual area of land taken by a new road, mining camp or infrastructure development, the Global Methodology for Mapping Human Impacts on the Biosphere method also factors in the wider impacts such as habitat fragmentation and noise disturbance. read more

Beer and Justice event to back legal aid program

first_imgA fundraising event today at Heathen Brewing Feral Public House will benefit programs that provide legal aid to low-income families. The event hosted by the Campaign for Equal Justice is 5 to 7 p.m. at 1109 Washington St.Several people will speak at the event:• Washington State Supreme Court Justice Steven Gonzalez will discuss the importance of civil legal aid.• Elizabeth Fitzgerald, executive director of the Clark County Volunteer Lawyer Program, will talk about the local legal aid program works.• Charlotte Hardaway will talk about how legal aid helped her navigate the civil justice system.• Local attorney Mila Boyd, a board member of the Campaign for Equal Justice, will discuss the importance of funding legal aid.The evening’s proceeds go to the Campaign for Equal Justice, the annual fundraising program of the Legal Foundation of Washington, which funds programs such as Clark County Volunteer Lawyers and others around the state. Last year, more than 30 nonprofit legal aid providers in Washington got grants from the Legal Foundation.last_img read more

GNOC VP in Brazil for Rio 2016 Coordination Commission Visit

first_imgNamory Trawally-The first Vice President of The Gambia National Olympic Committee (GNOC)  and IOC member Miss  Beatrice Allen  hasjoined other members  of the Rio 2016 Coordinating Commission onMonday to begin their periodic  visit as part of preparation aheadof Rio 2016 Olympic Games.The IOC’s Coordination Commission got down to work and began itseighth visit to the “Marvellous City” on Monday.The Commission, led by its Chairperson, Nawal El Moutawakel, comprisingBeatrice Allen,    Sergey BUBKA,  John COATES Timothy,  Tsun TingFOK,  Alex GILADY,  Patrick Joseph , HICKEY Nicole HOEVERTSZ,    NatINDRAPANA,  Willi KALTSCHMITT LUJÁN,    Gunilla LINDBERG ,  JulioCésar MAGLIONE,  Alexander POPOV and  Ching-Kuo WU will be workingwith the local Organising Committee and its government partners overthe next three days (23-25 February) to see how Rio’s preparations areadvancing ahead of the 2016 Olympic Games.With the Games now just over a year-and-a-half away, Rio 2016 now hasnumerous Games-time initiatives up and running, such as its ticketingprogramme, volunteer training programme and Olympic Torch Relay. Whilein Brazil, the Commission will hear about these initiatives; visitsome of the Games venues; and listen to reports on a number of keyoperational areas, such as athletes’ services, sport, venues, NationalOlympic Committee services, International Federation services,accommodation, transport, marketing, media services and preparationsfor the Paralympic Games. RIO 2016 Rio de Janeiro was elected on 2 October 2009 as the host city of theGames of the XXXI Olympiad at the 121st IOC Session in Copenhagen,Denmark. The Rio 2016 Olympic Games will have 28 sports on theprogramme, and will run from 5 till 21 August 2016  ]]>last_img read more

Resolve to live healthier in 2015

first_imgFor many Americans, ringing in the New Year comes with pledges to get healthier. Nearly half of Americans regularly make New Year’s resolutions. Even more are infrequent resolution-makers. And, for many, health-related resolutions are at the top of the list. A University of Scranton study published in the Journal of Clinical Psychology identified losing weight as the top resolution for 2014. About 38 percent of people made weight-related resolutions in 2014, according to the study. The Top 10 also included staying fit and healthy, and quitting smoking. The Columbian asked local elected officials, health care providers, hospital officials and other leaders to share their health-related New Year’s resolutions. They’re resolving to exercise more, stress less, ditch the desserts, eat more vegetables, get more sleep and drink more water. Here’s to a happy and healthy new year.Anne McEnerny-Ogle, Vancouver City Council“Food tracking is always a good resolution, but I’m also going to add a couple of others. I’ll be drinking more water and walking more. Riding C-Tran more is going to help, too. I’ll try to leave the computer and get to bed a little earlier. Sleep has so many benefits! Then, just one more. Travel with my husband. Now that Cuba is opening, maybe we’ll grab our passports and check it out!”Brian Willoughby, Legacy Salmon Creek Medical Center spokesman“I’ve lost about 60 pounds over the past six years and kept all of it off by slowly changing bad habits and adopting good habits … until each one becomes the new norm. Examples include limiting the amount I eat in the evening (no second dinner!) and choosing to park the car at the far end of the lot to create more walking in my day. My resolution for 2015 will be to continue this, with a greater focus on physical activity. To date, most of the changes have been food- and diet-related. In 2015, I want to up the ante on activity.”last_img read more

Chandrababu Naidu denied chance to speak TDP members stage

first_imgAmaravati: The TDP staged walk out from the Assembly on Friday expressing displeasure over the government and Deputy Speaker Kona Raghupathi for not allowing the Leader of Opposition N Chandrababu Naidu to speak on the demands for grants. This is third consecutive day of the opposition walk out. Earlier, the Dy Speaker was reading out all the demands of Finance Statements (Budget papers) for the year 2019-20 in the House for voting, the TDP president requested the Chair for discussion on certain demands. Also Read – Three of a family commits suicide at Amalapuram in East Godavari Advertise With Us He further added that without asking the opposition, the House was passing all the demands and requested him to allow to speak on them. At this juncture, Dy Speaker, who was in chair, stated that since he did not get formal request or appeal from the TDP leaders, he was continuing the business of the day. Reacting to that, Naidu said that he already appealed the Chair for discussion on demands pertaining to home administration and others, but he did not get the chance to speak during passage of finance bills. At this juncture, Dy Speaker said to Naidu, “Let me complete the procedure and put for voting. Also Read – Saaho movie tickets pricey in Nellore Advertise With Us I will give you chance later.” Then, Naidu took his seat and waited till the end of voting of all the bills. All the 40 finance bills were introduced and were passed. Later, Raghupathi asked Naidu to speak. When the Chair gave mike, Naidu was reading papers to speak on the subject. Then legislative affairs minister Buggana Rajendranath Reddy raised objections by asking the Dy Speaker how could we allow discussion on the just passed bills in the House. Advertise With Us Further, he suggested that the Leader of the Opposition could speak at length on the subject during the discussion on Appropriation bills, to be introduced in the House on Monday for voting. Refusing the proposal, the TDP leaders demanded the Dy Speaker to allow Naidu to speak on the subject now itself. Intervening in the issue, Raghupathi said that as the TDP members did not ask him in writing before passage of finance bills for discussion, he would not allow them to speak. After saying this, Raghupathi allowed the House to take further business on the bills including AP Lokayukta (Amendment) Bill, 2019, and other bills. At this juncture, the disappointed TDP leaders walked out saying that Dy Speaker first assured to give chance for Naidu and then refused. Afterwards, the House continued the business for the day.last_img read more

Lok Dal MLA former minister switch sides join BJP in Haryana

first_imgChandigarh: In yet another setback for the Indian National Lok Dal ahead of the Haryana Assembly polls, its MLA from Ratia joined the ruling BJP here on Thursday. The MLA, Ravinder Baliala, joined the party along with Jagdish Yadav, a former Haryana minister. They two were welcomed into the party-fold by Chief Minister Manohar Lal Khattar and state Bharatiya Janata Party chief Subhash Barala. Both Baliala and Yadav said they have joined the BJP “unconditionally”. Also Read – Trinamool, BJP activists scuffle at Dilip Ghosh’s event Advertise With Us Yadav was a minister in the Bansi Lal-led government in mid-1990s. Khattar said the doors of the BJP will remain open for “able people”. The INLD has been decimated since it split last year over a feud in the Chautala family and several members switched over to the BJP. In the 90 member Haryana Assembly, BJP has 48 MLAs. The INLD technically has 11 MLAs but four of them support the Jannayak Janata Party, which broke away from it. Six other INLD members have submitted their resignations. The Congress has 17 MLAs, the Shiromani Akali Dal and the Bahujan Samaj Party one each. There are five independents and one seat has fallen vacant after the death of INLD MLA Jaswinder Sandhu earlier this year.last_img read more

Long term study shows grasslands can recover naturally from too much atmospheric

first_img(Phys.org)—A long term study conducted by managers of The Park Grass experiment at Rothamsted Research in Harpenden, UK, shows, according to a team of researchers from Germany and the U.K., that under certain conditions, grasslands are able to recover naturally from overexposure to atmospheric nitrogen. In their paper published in the journal Nature, the team describes the condition of grasses and soil at the research center over the course of the past century and a half and what has been learned from it. David Tilman and Forest Isbell with the University of Minnesota offer a News & Views piece on the work done by the team and compare it with findings in other parts of the world. This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Scientists know that an overabundance of atmospheric nitrogen can lead to loss of plant diversity—Tilman and Isbell explain that the reason this happens is because of the trade-offs involved in the evolutionary process. When plants in a certain area are suddenly faced with a new nutrient, those with adaptations well suited to the new nutrient are able to take full advantage, while those that are not get pushed out. Over the past couple of hundred years, levels of atmospheric nitrogen increased as part of human caused air pollution, but as problems became evident, people in some parts of the world took action to cause less to be emitted which meant less was put into the air. One of those places was Great Britain, a country heavily involved in the industrial revolution and which also took action to reduce such emissions. During part of this time period a group of progressive thinkers set up a plot of land at Rothamsted Research and planted sections of grasses, with the sections being treated differently—some were fertilized, others were not. This allowed for noting the natural loss of diversification in the grasses that grew on the plots as atmospheric nitrogen levels increased and then as diversification returned, (somewhat) naturally as levels of atmospheric nitrogen were reduced. It was this change that the researchers with this new effort noted and they claim that it shows that under certain circumstances grasslands can heal themselves.There is one major caveat however, the grass blocks at the research center were mowed periodically and the cut grass removed, which presumably took with it some of the nitrogen. More information: J. Storkey et al. Grassland biodiversity bounces back from long-term nitrogen addition, Nature (2015). DOI: 10.1038/nature16444AbstractThe negative effect of increasing atmospheric nitrogen (N) pollution on grassland biodiversity is now incontrovertible1, 2, 3. However, the recent introduction of cleaner technologies in the UK has led to reductions in the emissions of nitrogen oxides, with concomitant decreases in N deposition4. The degree to which grassland biodiversity can be expected to ‘bounce back’ in response to these improvements in air quality is uncertain, with a suggestion that long-term chronic N addition may lead to an alternative low biodiversity state5. Here we present evidence from the 160-year-old Park Grass Experiment at Rothamsted Research, UK6, that shows a positive response of biodiversity to reducing N addition from either atmospheric pollution or fertilizers. The proportion of legumes, species richness and diversity increased across the experiment between 1991 and 2012 as both wet and dry N deposition declined. Plots that stopped receiving inorganic N fertilizer in 1989 recovered much of the diversity that had been lost, especially if limed. There was no evidence that chronic N addition has resulted in an alternative low biodiversity state on the Park Grass plots, except where there has been extreme acidification, although it is likely that the recovery of plant communities has been facilitated by the twice-yearly mowing and removal of biomass. This may also explain why a comparable response of plant communities to reduced N inputs has yet to be observed in the wider landscape. Explore further Park Grass aerial view May 2005. Credit: The Park Grass experimentcenter_img © 2015 Phys.org Team studies diversity among nitrogen-fixing plants Journal information: Nature Citation: Long term study shows grasslands can recover naturally from too much atmospheric nitrogen (2015, December 3) retrieved 18 August 2019 from https://phys.org/news/2015-12-term-grasslands-recover-naturally-atmospheric.htmllast_img read more

Stewart Unveils Refined Brand to Support Strategic Growth Initiatives

first_img in Headlines, News, Servicing Share Stewart Information Services Corp., recently announced the launch of a refined brand to support the company’s strategic growth plans and efforts to communicate its focus on operating in the true spirit of partnership.“At Stewart, we believe lasting relationships drive long-term success. And to that end, we never stop working to build relationships with our customers,” said Matt Morris, CEO, Stewart. “Our refined brand focuses on simplifying the way we communicate about Stewart and the way we do business, and sets the stage to support us through our next phase of growth.”According to the company, the refresh aligns its services under two key brands, Stewart and Stewart Title.All core title business lines will now be branded under Stewart Title. Services aligned under the Stewart Title brand include residential, commercial, and international through Stewart Title direct-issuing offices, as well as Stewart Title Agency Services supporting the organization’s network of Stewart Trusted Providers.“Our refreshed, new look mirrors where we are taking our company and the services we provide to customers by aligning our core service offerings under the same brand umbrellas,” said John Arcidiacono, chief marketing officer, Stewart. “Our new brand is clean and concise, so our customers can easily understand who we are and how we can help them through the partnerships we build. This is reflected in our new tagline Real partners. Real possibilities. and is our brand promise – central to how Stewart approaches business.”As Stewart continues to diversify its offerings in the financial services space, the Stewart brand will be able to support this growth. Business units aligned under Stewart include Stewart Lender Services, Stewart Insurance and Risk Management (previously known as Stewart Specialty Insurance Services), and corporate headquarters. Stewart Unveils Refined Brand to Support Strategic Growth Initiativescenter_img October 7, 2015 503 Views Refined Brand Stewart Information Services Corp Strategic Growth Initiatives 2015-10-07 Staff Writerlast_img read more

TRK Connection Integrates with Ellie Maes Encompass

first_imgTRK Connection Integrates with Ellie Mae’s Encompass (TRK), a Utah-based provider of mortgage quality control (QC) and origination management solutions, announced that its flagship mortgage QC audit platform Insight Risk & Defect Management (RDM) is now available through the Ellie Mae Encompass Digital Lending Platform™ via Ellie Mae’s Encompass Partner Connect APIs. TRK is the first QC audit technology provider currently integrated with Encompass® using these advanced and extensible APIs. The seamless integration allows lenders to utilize Insight RDM for pre-funding and post-closing QC directly through Encompass to drive quality and efficiency in the loan origination process.Insight RDM delivers industry-leading QC functionality to streamline the loan defect management and remediation process, helping mortgage lenders more efficiently track, report and trend loan defects to reduce repurchase risk and elevate loan quality. The enhanced integration also enables Insight RDM to use those data elements in conjunction with Ellie Mae’s system of record to improve process flow, increase audit speed and provide additional automation in the loan file review process.Examples of this include the ability to take advantage of loan origination milestones to trigger pre-funding quality control eligibility or to systemically attach documentation to reverifications. For users that have customized Encompass to store QC and defect data within the system, TRK will provide support for custom fields lenders have created within Encompass to support existing QC workflows.“Having direct access to the Encompass Partner Connect APIs has allowed us to build an environment in which Insight RDM and Encompass work in seamless harmony to support lenders’ quality control activities,” said Jeremy Burcham, TRK Executive VP of Strategy. “TRK is delighted to expand its relationship with Ellie Mae, and we look forward to continuing that expansion throughout the Ellie Mae solution ecosystem.”Ellie Mae is a leading provider of innovative on-demand software solutions and services for the residential mortgage industry. Ellie Mae’s Encompass digital mortgage solution provides one system of record that enables banks, credit unions and mortgage lenders to originate and fund mortgages and improve compliance, loan quality, and efficiency. March 3, 2019 734 Views Ellie Mae Ellie Mae Encompass Jeremy Burcham TRK Connection 2019-03-03 Donna Josephcenter_img in Headlines, News Sharelast_img read more

Go back to the enewsletter Scenic has launched

first_imgGo back to the e-newsletter >Scenic has launched its New Zealand 2016/17 programme which includes 7 tours ranging in length from 6 to 24 days including a newly adapted 10-day tour to the South Island, plus a number of new Enrich experiences and Freechoice activities.New for 2016/2017 is the 10-Day Southern Delights – a shortened version of the popular 18-Day Royal New Zealand which is perfect for those with limited time who want to experience some of the South Island’s highlights, including Franz Josef Glacier, Queenstown and Fiordland National Park.Guests can also enjoy an exclusive Scenic Enrich event at the Weta Workshop in Wellington followed by dinner. Hosted by the crew, guests will experience a behind-the-scenes look into the magic of Weta and the many films they have worked on, including ‘The Lord of the Rings’ and ‘Mad Max Fury Road’, and a chance to get up close to the movie props and costumes.For those wanting to enjoy the great outdoors, there is a new Scenic Freechoice half-day fishing tour in the beautiful Bay of Islands with a chance to catch some of New Zealand’s well-known fish such as snapper, kahawai and kingfish.New inclusions in Rotorua on the 24-Day Ultimate New Zealand, include a tour and lunch at the Hobbiton Movie Set which is surrounded by pristine farmlands; you don’t have to be a fan to enjoy this experience and understand and appreciate Tolkien’s story, plus a visit to Kiwi Encounter for a tour of a working kiwi nursery and hatchery.Scenic is offering early-bird offers on bookings made by 30 April 2016. Guests can Fly Free including taxes on any journey to New Zealand of 19 days or longer – a saving of up to $1300 per couple.Go back to the e-newsletter >last_img read more

STOCKHOLM — Izzy Young who in 1961 organized the

first_img STOCKHOLM — Izzy Young, who in 1961 organized the first New York concert by Bob Dylan and devoted decades of his life supporting folk music, has died at age 90.Young was a big name in folk music — Dylan, a regular visitor at his New York music shop, the Folklore Center, once called it “the citadel of Americana folk music.” Young moved to Sweden in 1973 and reopened his store there.In November 1961, Izzy organized the first major public concert for Dylan at the Carnegie Hall Chapter Hall.Young’s daughter, Philomene Grandin, said Wednesday that Young died late Monday at his home in Stockholm, citing “natural causes.”Grandin said her father dedicated over 60 years to supporting folk musicians.He is survived by Grandin, a son and three grandchildren.The Associated Press AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by The Associated Press Posted Feb 6, 2019 7:18 am PDTcenter_img Izzy Young, who organized Dylan’s first big concert, dieslast_img read more

Parliament approves VAT on building land bill

first_imgParliament on Friday approved a bill imposing 19 per cent VAT on the sale of building land, fulfilling an EU condition some 10 years after the original deadline.The bill passed with the votes of 26 MPs from Disy, Diko, Solidarity, and the Green Party.Eighteen MPs from Akel, Edek, Elam, and one MP each from Diko and Solidarity, voted against.The law in question should have been passed by January 1, 2008 and delays prompted the EU Commission to warn Cyprus repeatedly with stiff fines.The new law will come into force on January 2, 2018.House finance committee chairman, DIsy leader Averof Neophytou said VAT can be recouped and will only be imposed in cases where the land is sold by a company or businessman registered with the VAT service.Neophytou said the new arrangement could create some short- or medium-term liquidity problems. He reminded parliament that Cyprus has already received a second official warning from the European Commission over the delay in passing the bill.Some MPs voiced concern over the way the law would be applied by the tax commissioner who has the power to decide whether a transaction is commercial or not.Main opposition Akel warned about the possibility of newly-weds having to pay the tax when buying a plot to build their home.Akel MP Giorgos Loukaides said there was nothing in the bill ensuring it would not happen.“We have not in any way ensured that new couples will be exempted from paying tax on their first house,” Loukaides said.The land falling under the category of undeveloped building land will be determined by regulations passed by parliament.Protected zones and farming land will be exempted.VAT will be imposed on all sales of building plots taking place as part of economic activity. According to the tax commissioner, any other cases will be examined individuallyYou May LikeLuxury Crossover SUV I Search AdsThese SUVs Are The Cream Of The Crop. Search For 2019 Luxury Crossover SUV DealsLuxury Crossover SUV I Search AdsUndoDr. Marty ProPower Plus Supplement3 Dangerous Foods People Feed Their Dogs (Without Realizing It)Dr. Marty ProPower Plus SupplementUndoSecurity SaversWindows Users Advised To Do This TodaySecurity SaversUndo Concern over falling tourism numbersUndoTurkish Cypriot actions in Varosha ‘a clear violation’ of UN resolutions, Nicosia saysUndoOur View: Argaka mukhtar should not act as if he owns the beachUndoby Taboolaby Taboolalast_img read more

Banks offset of loans against deposits comes under scrutiny by lawmakers

first_imgTHE House ethics committee will hold a special session on Saturday to discuss the matter of co-op customers who had their deposits set off against loans and other obligations allegedly unbeknown to them.President Nicos Anastasiades has asked for a probe into the matter while Finance Minister Harris Georgiades asked the Cooperative Asset Management Company – the legacy Co-op – to verify the procedure that was applied and be prepared to act to rectify possible mistakes.Saturday’s parliamentary meeting will be attended by Central Bank governor Chrystalla Georghadji and Auditor-general Odysseas Michaelides.Finance and commerce ministry officials will also attend as well as state attorneys, former co-op brass, and the CEO of Hellenic Bank that took over certain co-op assets and liabilities.Financial Ombudsman Pavlos Ioannou said Thursday he was considering referring cases of Co-op customers who had their deposit accounts set-off with loans to the attorney-general as the formerly state-owned bank may have acted unlawfully in thousands of cases.Ioannou said there were around 2,000 cases where this action was justified as there were clauses in the loan contracts which customers had signed allowing this action by the bank.However, in another 16,000 cases, the former Co-op acted “without informing and advising customers in time to avoid problems”, hence upsetting the cash flow planning of both households and companies, he said.The Co-op had combined the balance of deposits accounts with those of non-performing loans, including restructured loans still in process and those in which the borrowers were about to sign a restructuring agreement, Ioannou said.You May LikeCrossovers | Search Ads2019 Crossover SUVs That Might Take The Country By StormCrossovers | Search AdsUndoTheHealthyLifeTips.com20 Healthy Comfort Foods that You Can Eat Without Gaining WeightTheHealthyLifeTips.comUndoWorldemandSee Where ‘JAG’ Cast Ended Up After ShowWorldemandUndo Film review: Child’s Play ***UndoProtest outside the House over foreclosures lawUndoFamagusta municipality says Varosha entry goes against UN regulationsUndoby Taboolaby Taboolalast_img read more

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