first_imgNews Updates’He & His Family Members Are Under Stress & Anxiety’, Himachal Pradesh High Court Grants Interim Bail To 58 Yr Old COVID Survivor [Read Order] Sparsh Upadhyay9 Nov 2020 6:14 PMShare This – xThe Himachal Pradesh High Court on Monday (02nd November) granted interim bail to a 58-year-Old man, taking into account his age and the contention that he and his family members are under stress and anxiety.The Bench of Justice Anoop Chitkara was hearing an application filed under Section 439 of CrPC, seeking bail, under Section 20 of Narcotics Drugs and Psychotropic Substances Act, 1985…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 Himachal Pradesh High Court on Monday (02nd November) granted interim bail to a 58-year-Old man, taking into account his age and the contention that he and his family members are under stress and anxiety.The Bench of Justice Anoop Chitkara was hearing an application filed under Section 439 of CrPC, seeking bail, under Section 20 of Narcotics Drugs and Psychotropic Substances Act, 1985 (NDPS Act), for possessing 1.267 kilograms of charas (Cannabis).The Petitioner, a 58-year-old man who was in custody since 11.12.2019, sought bail on the grounds that while under incarceration, he suffered COVID-19 disease and now although he has recovered and tested negative but is under extreme anxiety and trauma.It was further submitted that the petitioner and his family members are under immense stress and anxiety. It was also submitted that in case the Court grants him one month’s interim bail to enable him to spend some time with his family members, it would certainly release his anxiety and stress.In response to his application, the Additional Advocate General placed on record the medical record of the petitioner Roop Singh in which it was mentioned that he had suffered COVID-19 infection on 7.10.2020 but now he has no symptoms and is COVID negative.Court’s observationsThe Court was of the view that “as on date, the knowledge about COVID-19 disease is slightly more than the view of a room which one gets while peeping through its keyhole.”The Court also remarked,”Since it is a new disease, as such, findings are at the stage of hypothesis. Still the consensus appears that the age of vulnerability starts from 55 years upwards. Furthermore, any person with co-morbidity conditions is also vulnerable depending upon the nature of organs involved or disease whether it is autoimmune or of metastatic carcinomatic growth.”The Court further ordered,”Given the age of the petitioner and the contention that he and his family are under stress and anxiety and furthermore that he is apparently not of flight risk, this Court grants him interim bail for a period of two weeks (fourteen days).”The petitioner has been directed to be released on interim bail subject to his furnishing a personal bond of Rs. One Lac with one surety of a similar amount to the satisfaction of the Chief Judicial Magistrate/Ilaqua Magistrate/Duty Magistrate/the Court exercising jurisdiction over the concerned Police Station where FIR is registered undertaking therein to surrender before the Concerned Jail after the completion of fourteen days interim bail and under no circumstance later than 27th November 2020, by 4.00 p.m.Case title – Roop Singh v. State of Himachal Pradesh [Cr.MP(M) No. 1883 of 2020]Click Here To Download Order[Read Order]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

first_imgThis month, Credit Union Magazine and CUNA News examine the future of the credit union movement.We asked more than a dozen credit union thought leaders to tell us how they see the future of financial services playing out during the next decade and offer advice for credit union leaders seeking a place in that future.Discover the #CUFutureThe participants in our future forum:Mark Sievewright, Sievewright & AssociatesTeresa Freeborn, Xceed Financial Credit Union continue reading » 11SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

first_imgTopics : The administration on Thursday is due to make public its first estimate of GDP in the second quarter, a period that saw the economy shut down in an attempt to stop the spread of COVID-19.The International Monetary Fund has estimated that during the April through June period, US GDP contracted 37 percent compared to the same period last year.Kudlow acknowledged that the pace of the recovery was subject to debate, but he pointed to economic indicators that he said signaled a takeoff, citing in particular a jump in retail sales in May and June as well as a strong rebound in the automotive sector.The Federal Reserve has been more cautious about the prospects of a comeback in the second half of the year. Economic relief The United States entered into recession in February 2020. To soften the shock of the health crisis, the Congress at the end of March approved a massive $2.2 trillion relief package called the Cares Act.It included direct checks to Americans and $349 billion in funds to support small and medium-sized businesses.A second relief package totaling nearly $500 million was completed in April.Unemployment benefits were increased by $600 a week as part of the effort to protect individuals during the crisis. But that measure expires on Friday.For weeks, Democrats and Republicans have been debating a new plan to extend unemployment benefits, so far without agreement.Treasury Secretary Steven Mnuchin insisted on “Fox News Sunday,” however, that unemployment payments should be reduced from current levels.”The fair thing is to replace wages, and it just wouldn’t be fair to use taxpayer dollars to pay people more to sit home than they would get working,” Mnuchin said. The administration proposes setting unemployment compensation at 70 percent of a recipient’s last paycheck.Despite the differences, Mnuchin said he was optimistic about the second relief package, adding that Senate Republicans would be unveiling their bill on Monday.But with just 100 days to the US presidential elections, and  President Donald Trump down in the polls, the pressure is on.Mnuchin stressed that the administration’s objective is to help the most vulnerable small businesses as well as people who are out of work.Asked why the White House had quickly backed off Trump’s recent call for a cut in payroll taxes, which fund health and pension programs for the elderly, Mnuchin said there was no bipartisan support for it in Congress.Instead, the administration is opting for direct payments which, he said, “are a much quicker way of effectively giving everybody a tax cut, and it’s much quicker than the payroll tax cut.” For 2020, it expects the GDP to contract 6.5 percent. The US economy will grow on the order of 20 percent in the third and fourth quarters, a top White House economic adviser predicted Sunday, despite reopening setbacks linked to a coronavirus resurgence.   “I don’t deny that some of these hotspot states moderate that recovery, but on the whole the picture is very positive,” Larry Kudlow said on CNN’s “State of the Union.””And I still think the V-shaped recovery is in place, and I still think there’s going to be a 20 percent growth rate in the third and fourth quarters,” he said.last_img read more

first_imgNewly-formed Vår Energi is progressing the redevelopment of the Balder and Ringhorne area offshore Norway and a FEED contract for the Jotun FPSO life extension has now been signed with Aker Solutions. Jotun FPSO. Source: Vår EnergiIn total, about 20 billion NOK ($2.3B) will be invested in the redevelopment of the area, which includes the first NCS license area, PL 001 from 1965, the company said on Thursday.Part of the redevelopment, is the Balder X Project. For Balder X, Vår Energi has signed a letter of award regarding the front end engineering and design (FEED) contract for the lifetime extension of the Jotun vessel towards 2045. The contract, with an estimated value of more than 100 million NOK, was won by Aker Solutions.According to Vår Energi, the main objective of the FEED study is to detail the scope of work required to extend the life of the Jotun floating production storage and offloading (FPSO) vessel in the North Sea.More contracts coming in 2019In addition, several other key contracts are planned in the Balder X Project, such as engineering procurement construction and installation (EPCI) for the Jotun FPSO, subsea production system (SPS), and subsea umbilical, risers and flowline (SURF). The contracts are expected to be tendered and awarded in the first half of 2019. The Final Investment Decision (FID) is also expected to be taken in 2019.The redevelopment of the Vår Energi-operated fields Balder and Ringhorne entails major, future project activities such as extending the lifetime of the Jotun FPSO towards 2045; extending the life of the Balder FPSO towards 2030; drilling of 15 new production wells in the Balder field area and 11 new production wells in the Ringhorne field area.Total redevelopment investments of the Balder and Ringhorne fields are estimated to 20 billion NOK, of which 15 billion NOK is related to the Balder X Project. A revised Plan for development and operation (PDO) for the Balder X Project is planned to be submitted in fourth quarter 2019.Kristin F. Kragseth, CEO in Vår Energi, said: “This contract marks the first milestone for operated development in Vår Energi.”Start-up in 2021The Jotun FPSO will be disconnected from its present location offshore, brought to shore for a scheduled one year yard-stay. After the yard-stay, the Jotun FPSO will be reinstalled in the Balder field, with planned start-up in 2021. These activities will take place while ordinary production is continuing at the Balder and Ringhorne fields.Vår Energi has reserves and resources of more than 1,250 million barrels of oil equivalent (Mboe), targeting development of about 500 Mboe. The Balder X Project is a key enabler towards this growth plan. The company’s aim is to optimize future production, and its geoscientists have mapped the entire Balder and Ringhorne area. This has contributed to prove additional resources of about 170 million barrels of oil, net to Vår Energi.In addition, there is a potential to further increase the recovery rate after an exploration program, planned to start in the latter part of 2019.Vår Energi was formed earlier in December through the merger of Point Resources and Eni Norge, making it Norway’s largest independent E&P company.last_img read more

first_imgTHE very first pick at the 2019 Hero Caribbean Premier League (CPL) draft was opening batsman Alex Hales who will be playing for the Barbados Tridents. Hales says he is really looking forward to turning out at the CPL for the first time.“When I was picked it was incredible news. Barbados is probably one of the best places in the world for cricket, incredible ground and good atmosphere in the Caribbean.It’s also a tournament I have never played in before and from what I’ve heard from players and coaches, the standard is really high and the atmosphere is brilliantl so it’s a great opportunity for me. I’m looking forward to it.”When asked if playing in T20 tournaments around the world helps in terms of getting international recognition, Hales said the extremely high standard means that selectors have to take notice of performances in leagues like the CPL.“I think the standard now for franchise cricket is just going through the roof, particularly with all the analysis and all the money that’s involved in it.“You play with all sorts of different players from all sorts of countries and a few months later you find yourself playing against them; so these guys know your strengths, they know your weaknesses. So, the standard and drive to improve and work on your weaknesses and keep on top of your strengths is massive.“I think it’s definitely something that national selectors look at or certainly should be looking at because the standard is fantastic.”last_img read more