After another Lloyds share price fall, here’s what I’d do now

first_img Our 6 ‘Best Buys Now’ Shares 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. Image source: Getty Images 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. 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. We poor Lloyds Banking Group (LSE: LLOY) shareholders are suffering these days. Just as it was starting to pick itself up from the bottom of the Covid-19 crash, Thursday came along and the Lloyds share price crashes 8% again. At 32.2p at market close, it’s not so bad for those who managed to buy right at the 25.7p bottom.But that’s little comfort for those of us who have held for several years and more. You know, the way long-term investors are supposed to.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…The FTSE 100 itself dipped 3.7% on Thursday, so the fall wasn’t entirely down to Lloyds. But there was bad news in the form of yet another banking penalty handed out by the Financial Conduct Authority (FCA). The FCA has judged Lloyds to have treated hundreds of thousands of mortgage customers unfairly between 2011 and 2015, and has fined it £64m as a result.Mortgage fineThe FCA slated the inflexible approach taken by banks towards customers falling behind on their mortgage payments, with some being put into repayment plans that they could not afford.But how bad is this news really? Well, I seem to be getting into a habit of suggesting things for Lloyds are not as bad as they might seem. And the same is true again here. Lloyds had already set up a redress scheme in 2017 covering more than half a million customers. It cost £300m, and all those who were charged fees at the time have had them refunded.Lloyds says it doesn’t have to do any more now. And compared to the cost of the redress, a new £64m hit perhaps doesn’t seem so bad.Wider troublesThe Lloyds share price weakness is about more than just these one-offs that come along, mind. The big thing holding banking shares down at the moment is the UK economy, which does not look good. On Friday, the Office for National Statistics revealed that the economy slumped by 20.4% in April.But that’s just one month, likely to be the worst. The decline for the three months from February to April came in around half that, at 10.4%.EU departure talks are adding to the pressure too, as the two sides seem as far apart as ever. And the UK government is sticking to its insistence that it will not extend the end date for talks, despite the Covid-19 crisis. This is not helping bank share prices.Lloyds share price outlookDoes that sound gloomy enough for you? If it does, then you might want to join me in my continuing opinion that the Lloyds share price is too low. I like to buy when we’re at a time of maximum pessimism, and that really does look like now.The reasons for the Lloyds share price weakness are solid, certainly. But during times like this, markets almost invariably punish shares too harshly. And those shares almost always come storming back when the crisis is over.Unless Lloyds goes bust, I still think we’ll see significant gains in a few years time. And with Lloyds’ balance sheet looking firm, I see no chance of a bust. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! “This Stock Could Be Like Buying Amazon in 1997”center_img Alan Oscroft owns shares of Lloyds Banking Group. The Motley Fool UK has recommended Lloyds Banking Group. 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. Alan Oscroft | Friday, 12th June, 2020 | More on: LLOY See all posts by Alan Oscroft After another Lloyds share price fall, here’s what I’d do now Simply click below to discover how you can take advantage of this. Enter Your Email Addresslast_img read more

£1,000 to invest? 3 shares I’d buy if the market crashes again

first_img Enter Your Email Address Simply click below to discover how you can take advantage of this. 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. There’s a ‘double agent’ hiding in the FTSE… we recommend you buy it! Roland Head | Sunday, 18th October, 2020 | More on: BBOX CCC GAW £1,000 to invest? 3 shares I’d buy if the market crashes again Click here to get access to our presentation, and learn how to get the name of this ‘double agent’! Roland Head has no position in any of the shares mentioned. The Motley Fool UK has recommended Tritax Big Box REIT. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.center_img 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. Will the stock market crash again? I think the worst is over, but I think we could see another sharp drop at some point. In this piece I’m going to look at three stocks I’d buy in the next market crash if I had £1,000 to invest.The best UK share?One month ago, I asked if Games Workshop (LSE: GAW) was the best UK share to buy. Since my last article, Games Workshop’s share price has risen by another 15%. The wargaming and modelling specialist has had an amazing year.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…Revenue during the three months to 30 August was £90m, 15% ahead of the same period last year. Operating profits for the quarter almost doubled, rising from £28m to £45m. However, any boost Games Workshop has received from locked-down gamers has only been the icing on the cake.Games Workshop’s share price has risen by more than 1,800% over the last five years, as its annual profits have climbed from £13.5m to £71m. This business has high profit margins, no debt, and generates plenty of cash.However, I can’t help feeling that a lot of this good news is in the price. Games Workshop shares now trade on 43 times 2020–21 forecast earnings and yield just 1.6%. Perhaps I should buy anyway – I’ve missed out before. For me, it’s a little too expensive. But I’d certainly buy on the dips.£1,000 to invest? I’d buy this stock firstShares in FTSE 250 IT services group Computacenter (LSE: CCC) have doubled over the last 12 months, but they fell sharply in March and looked cheap for a short while before rapidly bouncing back to new highs.Trading this year has been strong, with pre-tax profit up by 42% to £72.4m during the first half of the year. However, most of this gain came from the UK as demand surged for hardware and services needed to support working from home. Profits in Germany only rose by 15%, while profits at the group’s French business fell by 55% due to an industrial slowdown.Computacenter has a long record of consistent growth and strong profitability. But the group’s mixed performance during the first half of this year suggests to me that the next 12 months could be more difficult.This year’s share price gains mean that Computacenter shares now trade on 22 times forecast earnings and yield of just 1.8%. This is a stock I’d like to buy on the dips.Invest £1,000 for a 4% incomeTop cash savings rates now seem to be dipping below 1%. That’s not much of a return if you’re trying to build retirement savings. If you’re willing to accept a little more risk to your capital, I think that warehouse property stock Tritax Big Box REIT (LSE: BBOX) could be a better alternative for income investors.Shares in this FTSE 250 real estate investment trust currently offer a forecast yield of 4% for 2021. During a year when many property stocks have had to cut their payouts, this looks quite attractive to me.Tritax’s attractions aren’t exactly a secret, however. Investors have pushed the BBOX share price up this year so that the stock trades at a 10% premium to its book value. I prefer to buy property stocks at book value or less, so I’m not buying right now. But if the shares dipped again, I’d see this as a good way to invest £1,000 for income. Don’t miss our special stock presentation.It contains details of a UK-listed company our Motley Fool UK analysts are extremely enthusiastic about.They think it’s offering an incredible opportunity to grow your wealth over the long term – at its current price – regardless of what happens in the wider market.That’s why they’re referring to it as the FTSE’s ‘double agent’.Because they believe it’s working both with the market… And against it.To find out why we think you should add it to your portfolio today… Image source: Getty Images Our 6 ‘Best Buys Now’ Shares See all posts by Roland Headlast_img read more

UK share investing: one of the best FTSE 100 shares I’d buy in my ISA right now

first_img I’ve continued to buy UK shares for my Stocks and Shares ISA, despite the Covid-19 outbreak. I can fully understand why many stock investors have decided to duck for cover, though. The massive dividend cuts of 2020 highlight how UK plc has struggled during the public health emergency and the economic downturn.Clearly UK share investors need to be careful before splashing the cash today. And individuals should never invest money that they can’t afford to lose. The Covid-19 crisis might linger on and on should virus mutations offset the impact of vaccine rollouts. Brexit, trade wars, and booming sovereign debt levels also pose dangers to shareholder returns.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…Playing the FTSE 100 gameI think there are still ways for investors to make money with UK shares despite the downturn, however. And investing in FTSE 100 stocks is one way to go about this. Britain’s blue-chip index is packed with companies that have the financial clout to navigate the Covid-19 crisis. It is also rammed with top stocks that operate in classically-defensive sectors like defence, non-life insurance, healthcare and utilities.Finally, a great many FTSE 100 companies have exposure to a large number of geographies from which they generate their profits. This gives them an extra layer of security as they aren’t dependent on strong economic conditions in one or two places in order to generate profits growth.None of this is a guarantee of success, of course, but it does help.With this in mind. I’m looking at a top UK share from the FTSE 100. I think it could deliver mighty returns for me in spite of the uncertain macroeconomic and geopolitical landscape.A UK share I’d buy todayLondon-focused residential property builder The Berkeley Group (LSE: BKG) isn’t without risks in 2021. This is because the stamp duty holiday on English properties below £500,000 ends on March 31. Data from the Halifax shows that average home prices in the UK fell at their fastest rate for nine months in January. This suggests that house-buyer demand could be starting to dry up.It’s a problem for the likes of Berkeley, sure. But it doesn’t mean that UK shares like this can’t enjoy a year of profits progress in 2021. Interest rates remain low and government Help to Buy ISAs and equity loans are still in place. In my view, these could mean that new-build demand from first-time buyers largely remains robust. This is particularly the case the uncertain economic picture is discouraging some existing homeowners from listing their properties.This explains why City analysts reckon annual earnings at Berkeley will rise 2% this fiscal year (ending April 2021). It’s also why they forecast healthy bottom-line increases of 5% at the firm in each of the following years too.I know analysts can get it wrong and demand could be affected by a prolonged economic downturn. Yet I still see plenty of opportunities for the firm. London is one of the most crowded cities on earth and its population was around 9.3m in 2020. I think this UK share, responsible for around 10% of new homes supply in the metropolis, is in the box seat to ride this population explosion. Image source: Getty Images See all posts by Royston Wild “This Stock Could Be Like Buying Amazon in 1997” Enter Your Email Address 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. Royston Wild | Tuesday, 9th February, 2021 | More on: BKG UK share investing: one of the best FTSE 100 shares I’d buy in my ISA right nowcenter_img 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. 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. Our 6 ‘Best Buys Now’ Shares Simply click below to discover how you can take advantage of this. Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. 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. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!last_img read more

Maori All Blacks edge Fiji to extend winning run with comeback in Suva

first_imgSunday Jul 12, 2015 Maori All Blacks edge Fiji to extend winning run with comeback in Suva The Maori All Blacks had a strong second half to come from behind and beat Fiji 27-26 in a hard fought contest in Suva on Saturday. Fiji had led 26-10 at the break but failed to score a point in the second half, as the Maori side scored 17 points in an impressive effort. The win extends the Maori All Blacks’ 12-year unbeaten run against international sides to 19 victories, thanks to a concerted effort in the second half. “They trapped us in that first half, stuck us in our own half and we couldn’t get out,” said Maori skipper Charlie Ngatai, who recently made his full All Blacks Test debut against Samoa in Apia. “We had to get the ball down their end, and build pressure and phases and hold onto the ball.”Nemani Nadolo, the Crusaders and Fijian superstar, was in charge of the kicking duties for the hosts, and while he missed a chance to convert Fiji’s Kini Murimurivalu try, he did kick them to an 8-0 lead with a penalty.Impressive 18-year-old Rieko Ioane scored a try after another penalty exchange, before Nadolo scored his 15th Test try just five minutes out from the halftime break. Akapusi Ngera then extended their lead as he barrelled over from close range.Damian Mckenzie was rewarded with a try in the second period before Super Rugby Final star Elliot Dixon, scored the winning try late in the game. Otere Black converted and it was heartbreak for the home side, but a great come from behind win for the visitors.The Maori All Blacks will play the New Zealand Barbarians at Eden Park next weekend.Note: You can view extended highlights on page two if the below video doesn’t work for youADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Related Articles 81 WEEKS AGO scottish prop saves fire victim 84 WEEKS AGO New Rugby X tournament insane 112 WEEKS AGO Vunipola stands by his comments supporting… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingDoctors Stunned: She Removes Her Wrinkles With This Inexpensive TipSmart Life Reports10 Types of Women You Should Never MarryNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

Tommy’s launch online clothing and gift shop

first_img Tommy’s, the baby charity, has launched an online clothing and gift shop.The shop features a whole range of men’s and women’s fashion, including T-shirts, tops and jackets, as well as baby clothing and gift ideas like mugs, puzzles, lanyards and bags.more: www.tommys.org Tagged with: Technology Trading  135 total views,  3 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis 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. Howard Lake | 26 January 2007 | News Tommy’s launch online clothing and gift shop AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThislast_img read more

US Ethanol Production Sets New All Time Record High

first_img According to EIA data, ethanol production averaged 1.008 million barrels per day (b/d)—or 42.34 million gallons daily. That is up 33,000 b/d from the week before, a new all-time high, and the first time in history that weekly production has crested the 1 million b/d mark. The four-week average for ethanol production stood at 984,000 b/d—the highest average since the week ended 6/19/2015—for an annualized rate of 15.08 billion gallons. Stocks of ethanol stood at 19.6 million barrels. That is a 2.0% increase from last week and a 17-week high.Imports of ethanol were zero b/d for the second week in a row. Gasoline demand for the week averaged 374.7 million gallons (8.921 million barrels) daily, the lowest since May. Refiner/blender input of ethanol averaged 885,000 b/d.Expressed as a percentage of daily gasoline demand, daily ethanol production was 11.30%, the highest since the first week of February. Home Market US Ethanol Production Sets New All Time Record High US Ethanol Production Sets New All Time Record High SHARE By Gary Truitt – Nov 25, 2015 Facebook Twitter SHARE Facebook Twitter Previous articleMorning OutlookNext articleMidday Update Gary Truittlast_img read more

Housing meeting postponed

first_imgTwitter Previous articleOver €411,000 in funding for Limerick roads under Local Improvement Scheme says Fine Gael senatorNext articleThe Stranglers: No More Heroes anymore? Bernie Englishhttp://www.limerickpost.ieBernie English has been working as a journalist in national and local media for more than thirty years. She worked as a staff journalist with the Irish Press and Evening Press before moving to Clare. She has worked as a freelance for all of the national newspaper titles and a staff journalist in Limerick, helping to launch the Limerick edition of The Evening Echo. Bernie was involved in the launch of The Clare People where she was responsible for business and industry news. Fianna Fáil has decided to postpone the public meeting on Housing which was scheduled to take place this Thursday in Limerick, due to the severe weather warning for the coming days. The meeting will now be held on Monday, March 26th at 8pm in the Strand Hotel, Ennis Rd., Limerick. The meeting forms part of a series of regional events on the housing crisis.for more breaking news click here  Limerick Ladies National Football League opener to be streamed live Advertisement WhatsApp Facebook TAGSFianna Fáilhousing crisisHousing meetinglimericksevere weatherwarning Linkedin Limerick’s National Camogie League double header to be streamed live center_img RELATED ARTICLESMORE FROM AUTHOR Limerick Artist ‘Willzee’ releases new Music Video – “A Dream of Peace” Email Predictions on the future of learning discussed at Limerick Lifelong Learning Festival NewsBreaking newsHousing meeting postponedBy Bernie English – February 27, 2018 3685 WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads Print Billy Lee names strong Limerick side to take on Wicklow in crucial Division 3 clashlast_img read more

20 Years Period To Clear AGR Dues Not Reasonable : SC On Centre’s Plea To Allow Time For Telecos

first_imgTop Stories20 Years Period To Clear AGR Dues Not Reasonable : SC On Centre’s Plea To Allow Time For Telecos Sanya Talwar11 Jun 2020 6:25 AMShare This – xThe Supreme Court on Thursday directed telecom firms that owe AGR dues amounting to over Rupees 1.43 lakh crore, to file affidavits stipulating a reasonable time frame for effectuating payment.A bench of Justices Arun Mishra, S. Abdul Nazeer & MR Shah took up an application filed by the Department of Telecommunications (DoT), proposing a staggered payment spanning over 20 years,…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 Supreme Court on Thursday directed telecom firms that owe AGR dues amounting to over Rupees 1.43 lakh crore, to file affidavits stipulating a reasonable time frame for effectuating payment.A bench of Justices Arun Mishra, S. Abdul Nazeer & MR Shah took up an application filed by the Department of Telecommunications (DoT), proposing a staggered payment spanning over 20 years, for telecom firms to discharge their AGR dues and further directed the DoT to reconsider bills generated towards Public Sector Undertakings (PSU’s) after the October 2019 verdict.Justice Arun Mishra also sought the DoT’s response regarding the efficacy of the proposed time frame of 20 years to enunciate payments.Today, Solicitor General Tushar Mehta appeared for the DoT and justified the need for payment of AGR dues in a staggered fashion (20 years, as averred in the application of DoT), else it could hit the telecom sector which in turn would effect consumers heavily.Solicitor General: “Delays in disruption of service for customers, they will suffer, adverse impact on tele service, costlier & could be disadvantageous to the consumer”.Justice Arun Mishra: “There are two issues: What is the time within which they are to pay? What is the guarantee they will pay within the time fixed? You had argued about impact on Telecom sector earlier as well. Who has seen twenty years Mr. Mehta? This is not a reasonable time period to make payments”Justice MR Shah: “Litigation started in 1999, 20 years have already passed!”At this juncture, Senior Advocate Arvind Datar appearing for Tata Communications submitted that the Telcos be provided with an opportunity to file an affidavit in this regard.Justice Mishra: “You [Tata] are a businessman, come out with a solution!”Senior Advocate Mukul Rohatgi appearing for Vodafone stated that the total amount due on Vodafone’s behalf stood at Rs. 50,000 Crore plus interest and penalty. Rohatgi: “We cannot give bank guarantees. We don’t have enough money even to pay our employees and meet our expenses.”Further, Senior Advocate Dr. AM Singhvi appearing for Airtel stated that his Client had already made payment of 70 per cent of the AGR dues and the time frame required for paying the remaining sum would be minimal.Singhvi: “The total receipt from all people is Rs. 25900 crores of which I have paid over 18000 crores, this is 70 percent of payment already made from my end. In my case, I will work it out and will present the time frame which is bound to be minimal”In light of this, the bench directed the telecom companies to file affidavits explaining the time needed by them to clear the dues on account of the AGR verdict and put up the matter for hearing on June 18.Also Read : SC Asks DoT To Reconsider Claims Made On PSUs Based On AGR Judgment; Says ‘It’s A Misuse Of Our Verdict The Department of Telecommunications (DOT) has filed a plea in the Supreme Court for modification of the order dated October 24, 2019 vis-à-vis arriving at a formula for recovery of past dues from telecom service providers.In March, before the commencement of the ongoing coronavirus-forced lockdown, the Department of Telecom (DoT) had moved the Supreme Court proposing staggered payment over 20 years for telecom firms to discharge their AGR dues.However, on March 18, Supreme Court lashed out at the Centre and telecom companies for doing self-assessment or reassessment of the Adjusted Gross Revenue (AGR) dues fixed by the apex court in its verdict.Expressing shock at the DoT plea, Justice Mishra had asked “Who permitted self-assessment? CAG audit has to be done. This is a question of this Court’s prestige. Do (telecom) companies feel they are more powerful than court?”The Union had also contended in its averments that this modification is extremely important and thereby the approval of the proposal for mode of recovery as envisaged by the Government in the administrative hierarchy, keeping in mind the larger economic consequences on the nation.In April, the Supreme Court had rejected pleas by Vodafone Idea, Bharti Airtel and Tata Teleservices seeking review of the October 24 verdict that widened the definition of adjusted gross revenue (AGR).Click here to download OrderSubscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

“Attempt To Nullify Supreme Court Judgement”:SC Issues Notice On Plea Challenging UP Qualifying Service for Pension and Validation Ordinance of 2020

first_imgTop Stories”Attempt To Nullify Supreme Court Judgement”:SC Issues Notice On Plea Challenging UP Qualifying Service for Pension and Validation Ordinance of 2020 Mehal Jain6 Jan 2021 7:02 AMShare This – xThe Supreme Court on Wednesday issued notice on a plea to examine the challenge to the validity of the Uttar Pradesh Qualifying Service for Pension and Validation Ordinance of 2020 which was passed on October 21 last year.The bench of Justices Abdul Nazeer and K. M. Joseph was hearing the petition by the UP Ground Water Department Non Gazetted Employees’ Association, which submits 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 Supreme Court on Wednesday issued notice on a plea to examine the challenge to the validity of the Uttar Pradesh Qualifying Service for Pension and Validation Ordinance of 2020 which was passed on October 21 last year.The bench of Justices Abdul Nazeer and K. M. Joseph was hearing the petition by the UP Ground Water Department Non Gazetted Employees’ Association, which submits that the Ordinance is passed without curing the exploitative discrimination against the work-charged employees which has been disapproved by the Supreme Court.Dealing with right to pension for thousands of work charged employees regularised at fag end of their services, the Supreme Court, in a judgement of three judges bench delivered by Justice Arun Misra with Justice Nazeer and Justice MR Shah (Prem Singh v. State of UP; 2019), set aside the relevant rules and read down the provisions for computation of qualifying service for pension and held that the period of service by the work charged employees in state of UP must be counted towards qualifying service for pension. This judgement was accepted and pension was granted to the affected thousands of employees in the state. “However, after Justice Arun Mishra demitted office in September 2020 the state of UP brought an Ordinance to nullify the above judgement and is now seeking recovery of the pension granted from these poor employees of class lll & lV…this Ordinance is a challenge to majesty of the honourable Supreme Court and the timing (October,2020) appears as if they were waiting for the event to happen i.e. retirement of Justice Arun Mishra”, it is advanced.Senior Advocate Pallav Shishodia submitted that that the Ordinance is ultra vires in view of the fact that the enacting Ordinance is made effective retrospectively and nullifies the law declared by the Supreme Court, which would amount to encroaching upon the domain of the judiciary. When any law has been declared by the Supreme Court, the same cannot be set at naught but the legislature, by enacting an amendment which would nullify the effect of the judgement of the court. It is mentioned that the aforesaid Ordinance has been issued by the state government of UP to nullify the effect of the judgement rendered by the Supreme Court in the matter of Prem Singh v. State of UP.”The overreach of legislative act of the respondent state which has been enacted to apply retrospectively is nothing but an attempt to overshadow the effect of the judgement rendered by the three judges of the Supreme Court and is bad in law”, avers the plea.The plea, through advocates Rajiv Dubey and Shilpa Liza George, alleges that by means of the impugned Ordinance, the government has provided that “qualifying service” shall include service rendered on a temporary or permanent post in accordance with the provisions of the service rules prescribed by the government for the post. It is submitted that the Ordinance also nullifies the judgement, degree or order of the court by providing a non-obstante clause.”Therefore, by means of the Ordinance, the judgement in Prem Singh has been tried to be diluted because the work charge employees are not employed against any temporary or permanent post in accordance with the provisions of the service rules prescribed by the government for the post. Hence, such services shall not form part of ‘qualifying services'”, it is pressed.Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

GP Waiting Lists could become a regular occurance – Mc Daid

first_img Google+ Facebook Google+ WhatsApp Pinterest AudioHomepage BannerNews Previous articleGAA Programme – Ladies NFL PreviewNext articleMinister Zappone urged to extend information rights to adoptees News Highland Derry draw with Pats: Higgins & Thomson Reaction A Donegal GP says he can see waiting lists becoming an issue in GP surgeries in the near future.Dr James Mc Daid, a former TD and government minister says government policy is putting further pressure on GPs, and while he agreed with the extension of free GP services to Under 6’s, that has led to pressure on the system.He also acknowledged that there are a number of GPs, including himself, who are considering retiring, but are concerned about finding replacementsDr Mc Daid told Greg Hughes on the Nine ’til Noon Show that as pressure on the system intensifies, delays in GP surgeries are set to worsen………..Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2019/01/jmcdaidfull.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. News, Sport and Obituaries on Monday May 24th Twitter DL Debate – 24/05/21 center_img GP Waiting Lists could become a regular occurance – Mc Daid Twitter By News Highland – January 31, 2019 Pinterest Facebook FT Report: Derry City 2 St Pats 2 Harps come back to win in Waterford RELATED ARTICLESMORE FROM AUTHOR Important message for people attending LUH’s INR clinic WhatsApplast_img read more