Police to probe lese majeste complaint against Foreign Correspondents Club of Thailand

first_img July 6, 2009 – Updated on January 20, 2016 Police to probe lese majeste complaint against Foreign Correspondents Club of Thailand ThailandAsia – Pacific FCCT president Marwaan Macan-Markar told Reporters Without Borders that the club intended to cooperate with the investigation. Article 8 of the 2006 constitution says: “The King shall be enthroned in a position of revered worship and shall not be violated. No person shall expose the King to any sort of accusation or action.” Thai premier, UN rapporteurs asked to prevent journalists being returned to Myanmar Red alert for green journalism – 10 environmental reporters killed in five years Reporters Without Borders urges the authorities to call off a police investigation into the Foreign Correspondents Club of Thailand (FCCT) in response to a complaint by a private Thai citizen accusing it of insulting the monarchy. As well as the FCCT board’s 13 members, the complaint names Karuna Buakamsri of Thai television station PBS television and Jim Pollard of the Bangkok-based newspaper Nation. ThailandAsia – Pacific “Press clubs all over the world are centres of free expression where journalists can hear a wide range of views,” Reporters Without Borders said. “This politically-motivated complaint violates the freedom accorded to foreign journalists in Thailand and constitutes yet another abuse of the law protecting the royal family.” Laksana objected to the fact that a DVD compilation of speeches made at the club included one by Thaksin ally Jakrapob Penkair which in her view insulted the Thai royal family. She also accused the FCCT of deliberating trying to destabilise the monarchy. The FCCT is a respected institution in Thailand. Its board members include journalists employed by the BBC, Bloomberg, the Wall Street Journal and Inter Press Service. One of its members, BBC correspondent Jonathan Head, is already the target of several lese majeste complaints brought by a policeman. Help by sharing this information As Reporters Without Borders deplored in a February 2009 report on lese majeste in Thailand, any citizen can ask the police to investigate any form of alleged attack on the royal family and the police have to act on all such investigation requests. http://www.rsf.org/IMG/pdf/rapport_en_2_.pdf News RSF_en center_img News In April, Reporters Without Borders and 30 other NGOs appealed jointly to the Thai prime minister to amend the lese majeste legislation. The police announced on 3 July 2009 that they would investigate a complaint accusing the FCCT of lese majeste, a charge that carries a maximum sentence of 15 years in prison. The complaint was brought by Laksana Kornsilpa, a 57-year-old translator and support of the “yellow-shirt” movement that opposes former Prime Minister Thaksin Shinawatra. News News Follow the news on Thailand May 12, 2021 Find out more June 12, 2020 Find out more Receive email alerts August 21, 2020 Find out more Organisation Covid-19 emergency laws spell disaster for press freedom to go furtherlast_img read more

Millennial and Gen Z Savings Priorities

first_img A new study explores the saving and credit-care habits of Millennials and Gen Z consumers, couples, in particular.Among other things, the study by LendingTree found that Millennials and Gen Z-ers are saving more for houses than for babies. (That follows an earlier report that showed Millennials are less interested in homebuying than ever.)In fact, nearly 6 in 10 (57% respondents) Millennial and Gen Z couples are saving for a house, while just about half are saving for a baby. The third priority for this generation of couples is saving for a wedding, at 38%.Here’s how the data panned out in regard to the marriage-baby-home desires among respondents:Younger millennials (60%) are more likely than their older counterparts (56%) to say they’re saving for a house.Meanwhile, 46% of millennial and Gen Z couples are saving for a baby, but that percentage jumps to 55% for those who are married. And 69% of those earning $100,000 or more also said they were.Lastly, we asked those who were dating (but not engaged) whether they were saving for a wedding. In total, 38% said they were. Breaking it down further, 67% of those earning $100,000 or more were doing so, versus 26% of those earning less than $25,000.The study examined several credit-related issues with which couples contend—arguments over financial decisions, differing views on finances, saving for the future, discussing debt, and joining bank accounts, to name a few.The results, in full, are available on the magnifymoney.com blog.  Ultimately the researchers explored the idea of a prenuptial agreement with expert Lauren Perez, a MagnifyMoney deposits writer, who said, “prenups can be a worthwhile conversation before getting married.””Although taboo … a prenup can help you protect your financial assets, including assets like inheritances and estates. It can also help ensure the financial situation for any dependents the couple might have.”Among those who were engaged, more than half of the survey’s respondents said they were at least considering getting one: 23% said they were getting one; 32% said they hadn’t decided yet; and 45% said they weren’t getting one.A house, along with other major assets, should be included in the agreement, Perez pointed out.Just in time for Valentine’s Day, Perez offers insight on the role of money in romance and marriage—”Not talking about finances may work for some, but couples who don’t discuss finances likely have a tough road ahead,” Perez said. “Relationships require honesty and candor, especially about money, and especially when those finances are coming together. With something as important as money, it pays to communicate and work together.”  Print This Post Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Millennial and Gen Z Savings Priorities The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles About Author: Christina Hughes Babb The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share 1Save in Daily Dose, Featured, News Millennial and Gen Z Savings Priorities Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago February 11, 2021 1,285 Views 2021-02-11 Christina Hughes Babb Previous: Zillow Group to Acquire ShowingTime Next: Low Foreclosure Rates May Obscure ‘Market Reality’ Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

Exelis Seals SLS Supply Deal for US Navy’s P-8A Poseidon

first_img View post tag: seals Exelis Seals SLS Supply Deal for US Navy’s P-8A Poseidon Exelis has completed negotiations for two production contracts from Boeing Co. to supply sonobuoy launchers and carriage and release systems for the U.S. Navy’s P-8A Poseidon multimission maritime aircraft.Exelis will supply systems that will include rotary, single-shot sonobuoy pneumatic launchers and pneumatic carriage and release equipment. The Exelis-designed Sonobuoy Launching System (SLS) is planned to provide aircrews with a high-performance airborne launching capability.“Unlike conventional launch devices, the Exelis SLS employs compressed air, rather than electro-explosive charges, to deploy payloads,” said Pete Martin, director of defense systems for the Exelis electronic attack & release systems business.Introduced into service in 2012, the P-8A Poseidon is a modified Boeing 737 airliner designed to engage submarines and surface ships. Deliveries of the Exelis SLS will begin in October 2014 with work being completed at the Exelis facilities in Amityville, N.Y.[mappress]Press Release,October 2, 2013 October 2, 2013 View post tag: US View post tag: News by topic Share this article View post tag: Supply View post tag: Launchers View post tag: Exelis View post tag: Poseidoncenter_img View post tag: deal View post tag: Sonobuoy View post tag: Defence Equipment & technology View post tag: Naval Back to overview,Home naval-today Exelis Seals SLS Supply Deal for US Navy’s P-8A Poseidon View post tag: Defense View post tag: Navy View post tag: P-8Alast_img read more

Michael Tinkham

first_imgMichael Tinkham, Rumford Professor of Physics and Gordon McKay Professor of Applied Physics in the Physics Department and the School of Engineering and Applied Sciences, Emeritus, who was internationally known for his contributions to condensed matter physics, in particular superconductivity, died in Portland, Oregon, on November 4, 2010, of complications following a stroke.  He was 82 years old.Mike was an experimental physicist with a gift for theory and a nose for important challenging problems.  After graduating from Ripon College in Wisconsin in 1951 with a bachelor’s degree in physics, he proceeded to the Massachusetts Institute of Technology, where he received his master’s degree and Ph.D. in just three years.  His thesis, “Theory of the Fine Structure of the Molecular Oxygen Ground State with an Experimental Study of its Microwave Paramagnetic Spectrum,” was published in 1955.  He changed his interests from gaseous magnetic oxygen to the understanding of properties in solids with a classic study of magnetic properties of transition metal ions in a diamagnetic lattice as a postdoctoral fellow at the Clarendon Laboratory in Oxford University from 1954-1955.  Mike then moved to the University of California in Berkeley as a postdoctoral fellow in 1955, and joined the faculty there in 1957.At Berkeley Mike wrote his first book, Group Theory and Quantum Mechanics (1964).  His research was predominantly in superconductivity and magnetism.  This was an era when the understanding of superconductivity in metals was just emerging after many decades of study and lack of understanding.  Together with Rolf Glover III, a fellow postdoc, he set up a laboratory and measured the absorption/transmission of far infrared light passing through thin superconducting films. The remarkable result was that more light passed through the films in the superconducting state than in the higher temperature normal metal phase.  The far IR measurements as a function of frequency showed the existence of the superconducting energy gap.  These observations preceded the just-developing Bardeen-Cooper-Schriefer (BCS) theory of superconductivity and were key evidence in support of the theory.  His double-pronged research group in superconductivity and magnetism created an exciting environment, and Berkeley was an important stop for travelling scientists to visit Mike and his group and observe the latest findings.  In 1974 Mike was awarded the Oliver Buckley Prize of the American Physical Society for outstanding theoretical or experimental contributions to condensed matter physics based upon that work.In 1966 Mike accepted an offer from the Physics Department at Harvard University, where he spent the rest of his career.  Superconductivity continued as the main focus of his research.  His deep understanding of superconductivity led him to write his second book, Introduction to Superconductivity (1975), which clearly elucidated the subtle mysteries of the subject and has become a classic in the field.  In the early seventies, together with his postdocs and students, he made important advances in understanding the effect of thermal fluctuations on broadening the transition between superconducting and normal states.  With his deep understanding of the subtle theoretical underpinnings of superconductivity, he led a research activity to study many properties of the superconducting state.  With members of his group he applied those ideas to phase-slip centers, current flow across the superconductor-normal interface, and the subharmonic energy-gap structure in superconducting metallic weak links.  Mike moved with the times.  At Harvard he led in the development of the first central labs for producing materials on a nanoscopic level.  He and his group studied submicron tunnel junctions capacitively coupled to minute islands, the Kosterlitz-Thouless transition in arrays of Josephson junctions, and tiny metallic whiskers grown on carbon nanotubes.Until his retirement Mike maintained a large active research group.  Graduate students were attracted to him for his ability to make complex ideas seem simple and to offer thesis problems on the leading edge of the field.  He encouraged his students to explore new directions, giving them full freedom to follow their own ideas and develop as creative scientists.  He hungered for data from his labs and had an uncanny talent for transforming scraps of experimental data into an ever-deeper understanding of superconductivity.  Over 45 students received their Ph.D.s under Mike’s tutelage.  His well-trained students and postdocs easily found positions at leading universities and research laboratories.Mike loved good food, good wine, and special desserts, sampling them all over the world.  His students were devoted and had an annual “Tinkham Dinner” at the March meeting of the American Physical Society.  Throughout most of his career he was quite formal and wore a coat and tie for most occasions, sometimes with a funny cap for the Boston weather.  But this attire did not hinder his fun with his students.  A special Science Center lecture to the interested public was advertised by a large colorful sign titled “Superconductivity” only to be doctored by his students on the night of the presentation to read “Sex and Superconductivity.”  He once walked into his lab where some of his students were having lunch and was upset to find that none of the homemade electronics were labeled. He demanded that everything in the lab be labeled for the next generation. The next day he found all the equipment duly labeled and his students sitting with bowed heads.  When they were asked to look up, Mike saw five foreheads labeled “Graduate Student.”Mike is survived by his wife, Mary Tinkham, his sons, Jeff and Chris, and two grandchildren, all now living in Portland, Oregon.  His colleagues and students, deeply saddened by his passing, will always remember his warmth, friendliness, and enthusiasm, as well as the depth of understanding and insights he brought to physics.Respectfully submitted,Venkatesh NarayanamurtiRobert M. WesterveltIsaac F. Silvera, Chairlast_img read more

Earth: It Gives You a Lifetime, Can You Give It an Hour?

first_imgWhy turn out the lights?One of the neat things about Earth Hour is that it creates a “rolling blackout” (of the good kind) across the planet. As each time zone reaches 8:30pm, people turn out their lights to show their support. Last year that included 12,000 landmarks and participants in 187 countries. This visible (or invisible?) display is meant as a symbolic gesture. Its goal is awareness and longer-term behavior change, not simply to reduce the electricity demand for an hour. That said, the connection between turning out the lights and taking climate action is strong. Throughout most of the world, the majority of electricity is created by burning coal or natural gas – both of which create carbon emissions. Think of Earth Hour as your first step toward taking meaningful climate action.So, it’s dark… now what?I hope you’ll join us by turning off the lights where you are at 8:30pm on Saturday night. What you do once the lights are out is up to you (keep it clean, people). Some of the larger cities have public events – Singapore has had a week-long event with concerts, festivals and a count-down to dimming the skyline Saturday night. Some local Planet teams have organized events and learning opportunities. Planet Bangalore, for example, has a selfie kiosk they’ll be setting up for Earth Hour and Planet Malaysia published a list of “Fun things to do in the dark.” Or you may choose to dine by candlelight or even just go out and look at the stars for a change. What you do is up to you.The important thing is to re-establish a connection with nature.And why is Dell involved?Climate change is an economic, social and environmental challenge with increasingly evident consequences. It is affecting the natural systems around us, changing migration patterns and growing seasons, increasing the frequency and severity of extreme weather and drought, and damaging our oceans.Our products use electricity, and unless you are purchasing 100 percent renewable electricity, that means you are creating greenhouse gas (GHG) emissions by using them. We continue to work hard to reduce the “embedded emissions” on our end: we work with our suppliers to set GHG emissions reduction targets, we sourced approximately one-quarter of our electricity needs from renewable generation (both purchased and electricity we generated on-site), and we’ve reduced the energy intensity of our entire product portfolio by an astounding 54 percent since 2011.This last one is especially important to our customers, because it affects their carbon footprint (and, obviously, their electricity costs).It’s also important because of the role technology is likely to play in helping the world address climate change. It will take a wide range of concerted, collaborative actions, many of which will be enabled by the products and services we provide. High-performance computing, cloud storage, virtualization, big data analytics and the Internet of Things all have important roles to play in understanding how the climate is changing and in changing the way we manage our world to use less energy, water, and other resources.I’m ready – let’s fight climate changeSo Mother Nature thanks you for your commitment to turn out the lights on Saturday at 8:30pm. Help us let the world know Dell has been participating and show us your selfie of what you do in the dark, tagging #EarthHour and #LegacyofGood. No idea what to do? Host a party, have dinner by candlelight, or find some friends and play.Beyond Saturday, there are plenty of resources out there for you:To learn more about Earth Hour, you can visit their site.Join forces with one of the many environmental organizations working hard to preserve the You may even have an environmentally-focused employee resource group at your own workplace.Find out how Dell is Building a Legacy of Good. This Saturday (March 24) at 8:30 pm, millions of people, businesses and landmarks around the globe will set aside an hour to host events, switch off their lights and make some noise for action on climate change.It’s called Earth Hour, and I’m proud that Dell is once again turning off logo signs on many buildings and darkening areas (where it won’t interfere with safety or security) from 8:30-9:30pm local time. Dell Facilities, Planet ERG and the Legacy of Good team have been working together to support the effort. This story shares one example of how Dell is committed to driving human progress by putting our technology and expertise to work where it can do the most good for people and the planet.We invite you to explore our FY17 Annual update on our 2020 Legacy of Good Plan at legacyofgood.dell.comlast_img read more

Lessons of the Week: Daniel Radcliffe, Lea Michele & More

first_imgStop everything! Before you jump in the car and speed off to the beach for the weekend, aren’t you forgetting something? You’ve got sunscreen, road trip tunes, an itsy bitsy teenie weenie yellow polka dot bikini (or, um, banana hammock?)…But wait, it’s not officially the weekend until you’ve read the Lessons of the Week! Read below to get a refresher on all of the crazy stuff that happened over the last seven days. You won’t regret it. We promise.God, Daniel Radcliffe Hopes He Gets ItHarry Potter stud Daniel Radcliffe has a steady gig in The Cripple of Inishmaan, but he’s already got his eyes on a new project—Robin in the new Batman movie. “I’d be perfect!” he says. Holy barraccuda, Daniel! We know you’re excited, but you’ll just have to submit your headshot and resume like everyone else.Thank Heaven for…Vanessa Hudgens?After playing a brothel babe in Sucker Punch, going wild at the Cat Scratch Club in Rent and having an underage threesome with James Franco in Spring Breakers, High School Musical alum Vanessa Hudgens will be classing it up as a Parisian champagne guzzler in Gigi this summer. Bottoms up!Tom Felton Wants to Be a B’way WizardSpeaking of Hogwarts (and let’s face it, when aren’t we?), Harry Potter star Tom Felton must be reading Broadway.com, because he’s super excited about joining fellow wizards Daniel Radcliffe and Rupert Grint on Broadway. Hey, Emma: How many more hints do you need? Let’s get moving.Greta Gerwig Has an Expensive HabitThe Village Bike star Greta Gerwig admitted she needs something a little stronger than whiskey to unwind after the show. Namely, a $7 bar of Fine & Raw Chocolate. After a taxing day of interviews and press junkets, we personally prefer to go on a three-hour peanut butter cup bender, but hey, whatever works. (P.S. Peanut butter cups may be sent to 729 7th Ave., New York, NY, 10019.)Want a Free Drink? Sleep Through BulletsBullets Over Broadway headliner Zach Braff spotted a snoozing lady in the front row during his performance, so he kindly sent over a Red Bull at intermission. Sure, Bullets is splashy and loud and exciting, but it’s so cozy and dark in the St. James Theatre…It’s making us very sleepy…Zach, when we wake up, we’d like a caramel frappuccino.James Franco Can’t Keep His Pants OnAfter flashing his followers countless times on Instagram, Of Mice and Men star James Franco showed off his butt in public at this year’s Broadway Bares, thanks to some coaxing from Broadway.com video blogger, Queen Lesli Margherita. You didn’t happen to capture a close-up for Looks Not Books, did you, your majesty?Anna Kendrick Is a Meryl Streep SuperfanYou’d think Oscar nominee and Broadway pro Anna Kendrick would be able to keep it together around celebrities, but apparently she had a full-out fangirling session while hanging out with Meryl Streep on the set of Into the Woods. Anna, now that you’re working from the inside, can you please make sure Mer received our extremely important letter? Thanks.Shia Needs to Sit Alone in His RoomWe’re not exactly sure what Broadway alum Shia LeBeouf is going through, but he wreaked some serious havoc this week when he wandered around Studio 54 feeding people strawberries, smoking, yelling and eventually getting himself arrested at a performance of Cabaret. Hmm, we distinctly thought Alan Cumming told you to leave your troubles outside.Lea Michele Has a New PhilosophyKristin Chenoweth is a lot of things: Hilarious, pint-sized, charming, talented…we could go on. So it only seems natural that Glee star Lea Michele looked up to her as a kid. In fact, at the Hollywood Bowl, she brags that she still knows all the words to “My New Philosophy.” Wait, doesn’t everyone? We’re willing to bet 100 bucks the overly enthused accompanist behind you does.Sorry, Cosette—Marius Is TakenWe are agog, we are aghast, is Marius in love at last? Les Miserables star Andy Mientus got engaged to his beau Michael Arden this week, which means, yes, the handsome revolutionary is now officially off the market. Sorry, everyone. Especially Eponine and Cosette. Ladies, we bet you didn’t see this one coming. If you want to come over and watch bad romantic comedies and eat peanut butter cups, we’re here for you. Star Files View Commentscenter_img Daniel Radcliffelast_img read more

One More Thing to Worry About

first_imgThe NAHB Research Center has just announced its “Green Approved” certification for product manufacturers, and the first seal of approval has been issued to Weyerhauser for its iLevel structural wood products. This is an interesting development that comes hot on the heels of the ANSI-approved National Green Building Standard, also a product of the Research Center and a group of industry professionals.The press releases are flying out the door on this, but there isn’t a lick of info on it at either the Research Center or NAHB websites. Maybe the NAHB is just running behind in updating them, but I am concerned that this label is hitting the market without any information about what it actually means. It seems to me that if it has the time to certify a product and send out a press release on it, the least the organization could do is tell us in the industry what it actually means.New and approved!It appears that, in this case, the NAHB is following the “mushroom theory” — feed us full of manure and keep us in the dark. Tell us it’s approved, but don’t tell us what “approved” means.In a slight contrast to the Research Center, Underwriters Laboratories (UL) has just announced its own “environmental services programs,” which is described this way: “Manufacturers may submit their products for UL testing and environmental claims validation. This validation enhances and supports the credibility of sustainability claims, helping to end confusion and giving manufacturers who choose UL validation a competitive edge.” No products or criteria are listed on the program’s website yet, but I am hopeful that they will come up with a strong, effective third-party system.And let’s not forget the other programs out there — GreenGuard, Carpet and Rug Institute, FSC, SFI, Floor Score, to name a few. It seems that, like the plethora of local and national green building programs out there, we have a big selection of product certifications to wade through, but few methods for comparing or validating one over the other. I feel my head starting to ache.Product certification that works, most of the timeFor product validation, I think I prefer the Energy Star model. When I see an Energy Star appliance, I pretty much understand that it has met certain stringent requirements for energy and sometimes water efficiency. Interestingly, Energy Star recently took away its ratings on several appliances made by LG when it came out that the company’s testing procedure was understating energy usage. On top of this, LG has agreed to reimburse all the appliance owners for the amount of energy they would have saved if the equipment was as efficient as claimed. I like that type of accountability and would like to see an equivalent at the Research Center and UL. I’ll give them a little time to get their acts together and let us know exactly what “approved” means, but I won’t hold my breath.I can’t wait to hear what my buddy Michael Anschel thinks about this — if you think I’m a cranky guy, check out his musings on the subject!last_img read more

Virat Kohli furious at run-out decision during warm-up game at SCG

first_imgVirat Kohli was left fuming after the square-leg umpire turned down what looked like a very good appeal for a run-out during India’s warm-up match against Cricket Australia XI at the Sydney Cricket Ground.CA XI were responding to India’s 358 and had got off to a good start thanks to openers D’Arcy Short and Max Bryant.India soon saw a chance to get their first breakthrough and some of their fielders were left agitated when a loud appeal was turned down. To make matters worse, there were no cameras and no scope for the third umpire to take a call.In the 10th over of the CA XI innings, Bryant flicked an Umesh Yadav delivery through the mid-wicket region and pushed hard for three after comfortably completing two runs. However, the fielder picked up the ball and threw it back to Umesh who in turn got a direct hit at the striker’s end.The Indians went up in appeal but the square leg umpire turned the appeal down… Kohli asked the umpire to refer it to the third umpire but there was no provision for it.Replays suggested it was a close call.Bryant and Short added 114 for the first wicket and India broke through in the 19th over when R Ashwin snared Bryant for 62. His 65-ball knock was studded with 9 fours and 1 six.Meanwhile, Short scored 74 off 91 balls on what was a tough day for India’s bowlers. CA XI went to stumps at 356/6, two runs behind India’s first innings score.advertisementAlso Read | Prithvi Shaw ruled out of 1st Test against Australia due to ankle injuryAlso Read | Virat Kohli steps in with the ball as India bowlers struggle in Test warm-upAlso Read | Virat Kohli slammed after wearing shorts for toss at Test warm-uplast_img read more

Measures announced by Finance Minister will help boost economy PM Modi

first_imgNew Delhi: A day after Finance Minister Nirmala Sitharaman announced an array of measures to revive growth, Prime Minister Narendra Modi Saturday said it would boost the overall economy of the country.”The measures announced by Finance Minister Nirmala Sitharaman will facilitate ease of doing business, improve demand, make credit affordable and boost the overall economy,” Modi said. Sitharaman Friday announced a slew of measures to revive economic growth including treating CSR violations as a civil liability instead of a criminal offence, rolling back enhanced surcharge on foreign and domestic investors, withdrawal of Angel tax provisions for startups and their investors, amongst others. Also Read – India gets first tranche of Swiss bank a/c details Sitaraman also announced that banks will launch repo rate and external benchmark-linked loan products that will lead to reduced easy monthly instalments for housing, vehicle and other retail loans. Besides, She announced additional liquidity support of Rs 20,000 crore to housing finance companies (HFCs) by the National Housing Bank (NHB), thereby increasing the total support to Rs 30,000 crore.Reiterating that economic growth is a “priority” of the Modi-led government, Union Home Minister Amit Shah Saturday said that India’s economic fundamentals have “remained robust” despite a global slowdown. Also Read – Tourists to be allowed in J&K from Thursday He said the announcements by the Finance Minister reflects the government’s commitment to improve ease of doing business, easier credit to MSMEs and more money in the hand of individuals.”Decision to infuse capital in our banking system and ensuring liquidity in the NBFCs along with necessary protection for bankers will help step up credit offtake and private investments. Easier KYC, lower interest rates and faster loan processing will enhance retail consumption,” Shah said in a tweet. “Measures to encourage investments in capital markets and facilitating the startup ecosystem, streamlining GST refunds and steps to quickly resolve tax-related issues will help our entrepreneurs and market sentiments,” he added. Sitharaman’s set of announcements came on the same day Moody’s Investors Service revised downwards India’s GDP growth forecast for the current year to 6.2 per cent, saying the economy remains sluggish due to a combination of factors such as weak hiring, distress among rural households and tighter financial conditions. (With inputs from Indian Express)last_img read more