Land ‘expropriation’ in context

first_img5 May 2006Alexandra Fuller’s books on her youth in Zambia and what was then Rhodesia – Don’t Let’s Go to the Dogs Tonight and Scribbling the Cat – have deservedly made her a minor literary sensation. If she submits an article to a major US or British newspaper, she is likely to have it accepted, and it is likely to have an impact.In one such piece, published in the Los Angeles Times last October, she argued that President Thabo Mbeki “looks set to sail the same course as Zimbabwe’s Robert Mugabe” in pursuing a policy of “uncompensated expropriation of land held by whites for black resettlement”.Because of stereotypes about Africa, this kind of statement, profoundly inaccurate though it is, finds ready credence in the US.I don’t know where Fuller got her facts from, but it is a fair bet she follows events in her old stamping ground via the internet from her new one, Wyoming.To be fair, given the sometimes sloppy way in which South African land reform has been reported in the media, it is easy to see how she could get things wrong. Not that the media is exclusively to blame. The language that officials use can also lead to misunderstanding.It is important that the South African government’s land restitution and redistribution policies are properly understood. The perception that South Africa is headed the same way as Zimbabwe has serious consequences. It raises the cost of capital. It deters investment. It constrains the government’s ability to promote growth and reduce poverty.International precedentsAt the root of much of the misunderstanding is the phrase “willing seller-willing buyer” and what is seen as its opposite, “expropriation”.When the government says that it means to start favouring the latter over the former, this is reported in ways that make it sound like a draconian shift from reason and reconciliation to the coercive and uncompensated dismemberment of property rights. The truth is otherwise.Respectable, prosperous democracies the world over reserve the right to take private property for public use on a compensated basis when the owner proves unwilling to sell or demands a price the government is unwilling to pay.In Britain, this is called compulsory purchase. In the US, where property rights are held in popular mythology to be especially sacrosanct, the government is said to exercise the power of eminent domain.The South African Constitution grants the government a precisely equivalent power and imposes on it limitations scarcely less binding than the fifth amendment to the US constitution, the relevant clause of which states: “. nor shall private property be taken for public use without just compensation.”What constitutes a legitimate “public use” is a matter of ongoing debate in the US. Some contend that local authorities have been abusing eminent domain by using it to condemn low-income neighbourhoods so that they can be sold to private developers.The US Supreme Court on ‘public use’The authorities have justified their actions on the grounds that they are improving public welfare by bringing in new wealth and jobs and growing the tax base to improve services. A narrow majority of the Supreme Court has sided with this view.On one “public use”, the Supreme Court has been unanimous. In 1984, in an opinion penned by Justice Sandra Day O’Connor, an appointee of the very pro-property President Ronald Reagan, the court declared that eminent domain was an entirely legitimate means to deal with “the perceived social and economic evils of a land oligopoly”.In an answer to a parliamentary question on land reform last October, President Mbeki cited the O’Connor opinion and urged members to study it.The case, Hawaii Housing Authority vs. Midkiff, concerned an attempt by the state legislature in Hawaii to undo the effects of a feudal land tenure system which had resulted in just 72 private landowners owning virtually all non-public land, or nearly half the state.On Oahu, the most populous of the Hawaii’s islands, 22 landowners held 72% of all property titles. This, said the legislature, was skewing the local property market, inflating land prices and “injuring the public tranquility and welfare”.The remedy the lawmakers adopted required landowners to sell land to the state which would then transfer it on a subsidised basis to former tenants. If a sales price could not be negotiated, owners had to submit to binding arbitration.They filed suit, claiming breach of the fifth amendment. When the case reached the Supreme Court, they were resoundingly defeated.South Africa and eminent domainIn South Africa today the government is moving to use its power of eminent domain in much the same way, for a “public use” little different from the one explicitly approved by the highest US court.The democratic will of Hawaiians, expressed through their elected legislature, was for sweeping land redistribution. When this could be achieved on a willing seller-willing buyer basis, their representatives exercised eminent domain. So it is in South Africa.The Hawaiian landowners were compensated, of course, as ours will be. Was their compensation just? No doubt they received less than they would have wished. But that is automatically going to be the case whenever eminent domain is exercised. Eminent domain is what respectable, prosperous democracies do when a “willing seller-willing buyer” agreement cannot be reached.Does anyone seriously think that the US is headed down the same path as Zimbabwe?If not, as South Africa’s US ambassador, Barbara Masekela, asked in a letter to the Los Angeles Times, under what set of assumptions should South Africa be judged any differently?Simon Barber is the United States representative of the International Marketing Council of South Africalast_img read more

Government explains new Children’s Act

first_imgSouth Africa’s department of social development explains the objectives of the Children’s Act and things like the definition of the parental responsibilities.The Children’s Act of 2005 makes provision for matters such as children’s courts, adoption, child abduction and surrogate motherhood. (Image: Brand South Africa)Brand South Africa reporterSouth Africa has put certain sections of the new Children’s Act, which lowers the age of majority to 18 and allows those above 12 access to HIV testing and contraceptives into immediate effect, gaining much approval from the Children’s Rights Centre.The Children’s Act of 2005 (Act No. 38 of 2005) sets out principles relating to the care and protection of children, defines parental responsibilities and rights and makes provision for matters such as children’s courts, adoption, child abduction and surrogate motherhood.The principles call for the prioritisation of the best interest of the child, the right to the child being able to participate in any matter concerning that child, children living with disability or chronic illness and a child’s right of access to court.The Act also clarifies the grey area that currently exists in relation to the age of adulthood, whereby the Age of Majority Act of 1972 stipulates the age of 21 as the age of majority, while a child was defined as someone under the age of 18.“Between 18 and 21 you’re neither a child nor an adult. The Children’s Act of 2005 clarifies that grey area and brings in line with section 28 (3) of the Constitution. Now any person under 18, unless married or emancipated by order of court, is a child and any person over 18 is an adult,” the department of social development explained.It added that the Constitution and the African Charter on the Rights and Welfare of the Child defined a child as any person under the age of 18 years.“[The] government felt that the changed socio-economic and political circumstances in South Africa justify the advancement of the age of majority to 18 years,” the department said.HIV testing and contraceptivesChildren’s Rights Centre spokesperson Noreen Ramsden last week welcomed the decision to give access to HIV/Aids testing contraceptives to those aged above 12 years, stating every person of a reproductive age should have such access, in addition to reproductive information.The Aids Foundation of South Africa’s deputy director Nozuko Majola agreed that this provided a platform for families, health care providers and schools to start talking about sexual reproductive health more openly with the youth.Responding to criticism that it excluded parental involvement in allowing children to undergo HIV testing or gain access to contraceptives, the department of social development said: “The Act provides that children should be provided with access to contraceptives. This is in realisation of the fact that children are sexually active at a very young age, even though the legal age of consent is 16.”“Furthermore, given HIV and Aids [prevalence], especially amongst teenagers, it would be unwise to deny children access to condoms,” the department maintained.It explained that the provision of the reproductive health services to minors would help government detect children who were in need of care.“We are mindful of the fact that a sexually active child may be a child in need of care. Therefore the health practitioners would be required to report suspicious cases to a child protection organisation, social workers, police officers or children’s court,” the department said.“The child would then receive proper attention and assistance. This would assist children who are abused, neglected and exploited.”It further emphasised that access to contraceptives should go hand in hand with appropriate sexuality education.The Act also contains new provisions on the parental responsibilities and rights of unmarried fathers relating to access to the custody of their children, with Ramsden stating that giving unmarried fathers custody of their children would encourage South African men to be better fathers.Regulations still requiredSocial Development Minister Zola Skweyiya explained last week that the bulk of the Act dealt with matters that need to be implemented on a practical level, which meant regulations were required before it could be fully implemented.“The Act, however, also deals with principles that are fundamental to the manner in which children are treated and protected,” he said.“To ensure the application of these important principles to all matters affecting children, the legislation containing the principles should be put into operation as soon as possible.”According to the department, the main objectives of the Act are to:Make provision for structures, services and means for promoting and monitoring the sound physical, psychological, intellectual, emotional and social development of children;Strengthen and develop community structures which can assist in providing care and protection for children; protect children from discrimination, exploitation and any other physical, emotional or moral harm or hazards;Provide care and protection for children who are in need of care and protection;Recognise the special needs that children with disabilities may have;Promote the protection, development and well-being of children;Promote the preservation and strengthening of families;Give effect to certain constitutional rights of children;Give effect to the Republic’s obligations concerning the well-being of children in terms of international instruments binding on the RepublicThe department said that in order for the rest of the Act to come into effect, regulations needed to be finalised first and another proclamation would be prepared at a later stage.Source: South African Government News Agency.Would you like to use this article in your publication or on your website? See Using Brand South Africa material.last_img read more

U-pick berry season at Ruffwing Farms

first_imgShare Facebook Twitter Google + LinkedIn Pinterest One of the most fun, wholesome, and flavorful family summer activities that can be had is a visit to a local u-pick berry farm. Teenagers stow away their phones and forget that they have them whilst picking through dense berry bushes, looking for the pick of the crop tucked deep in the recesses of the plant while older generations reflect back to the days of their youth when they were sent out a-berrying along dusty roadsides and railroad tracks for wild berries.As hands become stained a deep purple and five gallon buckets fill with almost explosive, juicy fruit, the berry-picking party has much to look forward to — fresh, hot berry pie and vanilla ice cream with more berries on the side.John and Cindy Albert and Family offer a destination for such experiences on their farm in Fairfield County near Lancaster — Ruffwing Farms. The Albert’s farm of 52 acres is split up between sheep pastures, CRP habitat, chicken, quail, and pigeon coops, and berry plots. While the area devoted to the u-pick berry operation is relatively small — approximately one acre — it produces plentiful berries for customers.“In 2007, I planted 3,000 plants into 42 rows that are roughly 100 feet long,” John said. “Over the past nine years, we have averaged 1,400 to 1,500 pounds of berries per year. We raise Black Jewel Raspberries. Jewel is the best plant to use. I’ve tried a bunch of them and there’s no better black raspberry in the world. We also pre-pick and sell red raspberries that we raise in a 70- by 35- hoop house. We have 100 red raspberry plants in the hoop house and about 50 blueberry plants in our backyard whose fruit we also sell pre-picked.”But customers may not get too many bucket loads of these blueberries, as they are Cindy’s favorites.“I’m pretty selfish with those. I have a deep freeze in the house that is full, mostly of frozen blueberries!” Cindy said, with her delicious blueberry muffins to show for it.Although the picking season for black raspberries is short — only about 2.5 weeks from late June through mid-July — maintaining the berry bushes for optimal growth and yield is a yearlong endeavor.“For an established field, I start pruning around the time of the NFL playoffs, from early December through January. I want to prune when the plant is dormant, cutting all of last’s year’s plants out, and trimming this year’s plants to size. You want them to be 36 to 40 inches tall for u-pick, right about at waist level,” John said. “Making time for pruning in the winter can be difficult. It is enjoyable work, but it just takes awhile.“At the end of February or early March, I’ll put on the granular weed control product pre-emergent, spray lime sulfur in April, and by the middle to latter part of April, I will apply my first fertilizer. I spray the plants with fungicide from April until sometime in June when the outside temperature gets above an average of 72 degrees. I have the irrigation system ready by May 15, and by June, there will be fertigation every two weeks through the end of the picking season.”Even as the picking season comes and passes, the Alberts are still working in the berry patch to manage the growth of their plants and the appearance and quality of the fruit for their customers.“In July, when people start picking, I’m tipping, which sets the height for the next year and helps create lateral branches,” John said. “I’m always scouting for bugs and pests. And during the picking season, I spray ‘Switch,’ which is a zero pre-harvest fungicide that stops mold for seven to 10 days so that you don’t get gray mold on the berries. From the time we are done picking, I spray fungicides on the bushes every two weeks.”The biggest challenge other than keeping up with the spray schedule for Ruffwing Farms is orange rust, an airborne, spring-season disease that weakens the plants the first year it appears, and then kills them.“I plan to pull these berry plants out after this picking season because I have orange rust on some of the plants. I’m not going to try fighting it, but will instead get rid of these and replant new 18-month-old plants for next season,” John said.The replanting of this berry patch will give John an opportunity to expand his operations, both with the berries and elsewhere on the farm. He plans to purchase some dairy sheep this summer to start on-site creamery next year.“With the new blackberry plants being planted for next year, there won’t be as much product to sell next summer as the bushes establish themselves, which should give me some time to focus on getting the creamery up and running,” John said.When the Alberts first bought the farmland behind their home, saving it from real estate development, they knew that they wanted to do something productive with it, and growing berries was something that they found they could do with the limited amount of equipment that they had at the time. John saw that there was very little competition in the area for u-pick berries.“Berries are very healthy, they have a lot of antioxidants,” Cindy said. “When we started, I was a stay-at-home mom and John was working as an engineer in Columbus. In the summer, I was able to run the stand with my daughters and we would also sell at the farmer’s market. For the first couple of years, when we had few customers, we would be open daily for 2.5 weeks. But when we established a customer base and word got out about us, we had to start limiting berry picking times and days due to demand. People will come and pick you out.”The Alberts are proud that despite of the demand for and increased popularity of their product, they have never raised the price for their fruits. The u-pick blackberries cost $4 per pound, pre-picked they cost $5 a pound and the pre-picked red raspberries and blueberries cost $6 a pound. They provide quart boxes and containers to their consumers and go out of their way to make a visit to their farm a memorable, pleasant venture.The entire family mentioned that talking with the customers who visit their farm and sharing it with them is the most enjoyable aspect of their u-pick berry sales.“People are coming out here for the experience, to be in the country picking berries, to have the peace and quiet. People enjoy hearing and seeing the sheep, and the quail, and the pheasants,” Cindy said. “I like the people coming out. It is so much fun; people are so appreciative and everyone has a story to tell about their past experiences berry picking. I like to hear what people do with them — sometimes they’ll even bring us back a pie! Plus, with people coming out and picking themselves, it saves us the labor of doing it ourselves.”John and Cindy’s eldest daughters who are now away at college, Caitlin and Abby, used to enjoy helping out at the farmer’s market. Emma, who is 13, said that “It is fun to meet new people and help them pick berries, eat the berries, and drive around on the (Kawasaki) Mule.”Ten-year-old Ava says that she likes “having people we know come out, especially my teachers!”John said that the biggest challenge in dealing with customers is keeping them happy and making sure there are enough berries.“I don’t want them disappointed if they were to show up and we were picked out or nothing was ripe,” he said. “Sometimes people come from a long way to pick some berries.”In addition to berries, Ruffwing Farms sells lamb meat and eggs from off the farm and will gladly make up packages of their products for customers.Those who visit the Albert Family for a day of berry picking at Ruffwing Farms should plan to come early before the heat of noon, when perhaps the best of the morning’s crop is gone or the patch is picked bare for the day. Dates and times that the farm is open for berry picking are updated often during the June and July picking season at They can also be found on Facebook and can be reached by telephone at 740-536-7853. The farm is located at 2942 Elder Road outside of Lancaster.last_img read more

It’s Vadnagar’s place in the sun

first_imgWith a ₹100 crore budget, Gujarat and the Centre are jointly developing the historical and ancient town of Vadnagar, Prime Minister Narendra Modi’s birth place, as a major tourist hub. The town full of sites related to Hinduism and Buddhism is being showcased as a heritage destination.Among the eight projects in the works are the Vadnagar railway station, where Prime Minister Narendra Modi once sold tea while helping his father who used to run a tea stall at the railway station during his childhood. The projects cover Vadnagar’s famous Kirti Toran, Sharmishtha lake, Hatkeshwar Temple and archaeological sites.On February 3, Gujarat Chief Secretary J.N. Singh and Union Culture Secretary Raghavendra Singh visited the town to inspect the projects being developed under the Union government’s Swadesh Darshan scheme. A team of archaeologists and other experts accompanied the senior officials.“There are eight tourism-related projects which are being developed in Vadnagar. We are developing a heritage circuit from Vadnagar to Modhera Sun Temple and the historical step well in Patan,” Dr. Singh told The Hindu.The famous Chinese traveller Hiuen Tsang who visited the place around AD 640 referred to it as Anandpur. He has recorded the existence of 10 Buddhist monasteries and said that about 100 monks were staying in them.“The government of India has allotted ₹100 crore to fund the tourism-related projects in Vadnagar and develop a heritage circuit in North Gujarat,” said S.J. Hyder, Gujarat’s Principal Secretary, Tourism.last_img read more

PBA: Almazan, Camson ejected after trading punches

first_imgTyphoon Kammuri accelerates, gains strength en route to PH Almazan retaliated, gracing Camson with an elbow to the face then punches were thrown before players Ronald Tubid, Don Trollano and the referees helped pacify the situation.Both were ejected after getting slapped with a flagrant foul penalty 2.The two met while being escorted by security on their way to their dugouts on opposite ends of the Cuneta Astrosome hallway and got into a heated verbal exchange.Rain or Shine leads, 44-40, at the half as of posting.ADVERTISEMENT #KicksStalker: Levi’s Jordan IV is classic rock and rap combined Almazan and Camson got tangled near basket while fighting for positioning during a rebound play. Camson appeared to hit first with an elbow that triggered the scuffle. MOST READ LATEST STORIES Brace for potentially devastating typhoon approaching PH – NDRRMC Kammuri turning to super typhoon less likely but possible — Pagasa Asian shares slide on weak Japan data; US markets closed BI on alert for illegally deployed OFWs to Iraqcenter_img 8th Top Leaders Forum assessed the progress of public-private efforts in building climate and disaster resilient communities Do not bring these items in SEA Games venues Read Next View comments Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles00:50Trending Articles01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding WARNING: This video contains strong language.Heated hallway exchange between Almazan, Camson after getting ejected. #PBA2018 | @MarkGiongcoINQ— INQUIRER Sports (@INQUIRERSports) January 20, 2018FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSLillard, Anthony lead Blazers over ThunderSPORTSMalditas save PH from shutoutThe game between Rain or Shine and Kia turned ugly after Elasto Painters center Raymond Almazan and Picanto big man Eric Camson traded blows late in the second quarter.ADVERTISEMENT Don’t miss out on the latest news and information. last_img read more

Tigresses lead BVR Ilocos leg champs

first_imgUST’s Cherry Rondina gets one over San Beda’s defense in the Beach Volleyball Republic. Contributed Photo.University of Santo Tomas turned back San Beda, 21-12, 21-14, over the weekend to rule the Beach Volleyball Republic on Tour women’s university division in Playa Tropical Currimao, Ilocos Norte.Tigresses Cherry Rondina and Ma. Cecilia Bangad defeated the Red Lioness’ pair of Iza and Ella Viray for the title.ADVERTISEMENT In the men’s university division, Malaysians Mohd Aizzat Zorki and Raja Nazmi Hussin turned back Far Easter University, 21-14, 21-18, to emerge champions in the event that has the Inquirer as media partner.“This leg had indeed the most competitive lineup of teams,” said BVR founder Charo Soriano. “We had teams from Malaysia and Hong Kong and they showcased their world-class athleticism against our local talent.”FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSMalditas save PH from shutoutSPORTSPrivate companies step in to help SEA Games hostingCebu’s Jade Becaldo and Rommel Pepito gutted their way out of an opening set loss before turning back Hong Kong’s Giovanni Musillo and Brian Nordberg, 18-21, 21-14, 23-21, to top the men’s open class.The winning pairs received P50,000 in the event sponsored by Nestea, Smart, NLEX/SCTEX and Rebisco, among others. Every 18 seconds someone is diagnosed with HIV Palace: Duterte to hear out security execs on alleged China control of NGCP Pagasa: Storm intensifies as it nears PAR Mike mopes for Jason in the Byron Nelson LATEST STORIES Lacson: SEA Games fund put in foundation like ‘Napoles case’ View comments Organizers also held a volleyball clinic for young enthusiasts in Ilocos Norte as part of the group’s “Sandroots” advocacy.“We want to be able to give the kids a chance to learn from the best coaches that we have in beach volleyball,” said Soriano.“In the end, it’s really about teaching and sharing the passion we have one province at a time,” said BVR’s Bea Tan.ADVERTISEMENTcenter_img Cayetano dares Lacson, Drilon to take lie-detector test: Wala akong kinita sa SEA Games Panelo suggests discounted SEA Games tickets for students PLAY LIST 01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes BREAKING: Cop killed, 11 hurt in Misamis Oriental grenade blast BSP survey: PH banks see bright horizon amid dark global recession clouds MOST READ BREAKING: Cop killed, 11 hurt in Misamis Oriental grenade blast Don’t miss out on the latest news and information. Sports Related Videospowered by AdSparcRead Nextlast_img read more

LeBron denies Irving trade rumors: ‘#NotFacts, get another source’

first_imgRobredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games No Blatche for Gilas in Fiba Asia as Reyes bares Final 12 Lacson: SEA Games fund put in foundation like ‘Napoles case’ LATEST STORIES James also tweeted the same thing about a report from saying that he is “eager” to see Irving go after he demanded for a trade.This was the first time that James had talked about anything related to Irving’s trade request since the story broke earlier this week.Sports Related Videospowered by AdSparcRead Next Church, environmentalists ask DENR to revoke ECC of Quezon province coal plant LeBron James #23 of the Cleveland Cavaliers reacts against the Golden State Warriors in Game 5 of the 2017 NBA Finals at ORACLE Arena on June 12, 2017 in Oakland, California. Ezra Shaw/Getty Images/AFPLeBron James has had enough of rumors about him from “sources.”The Cleveland Cavaliers superstar shut down reports that he was “tempted to beat” Kyrie Irving’s ass for asking a trade out of Cleveland and that he was looking forward to seeing the guard out.ADVERTISEMENT View comments Robredo should’ve resigned as drug czar after lack of trust issue – Panelo Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ MOST READ El Nido residents told to vacate beach homes Since Irving’s trade demand went public, several stories quoting sources have come out even as both James and the star guard had remained mum about it.In his podcast, ESPN’s Stephen A. Smith cited “sources” supposedly from James’ camp that the former MVP would be tempted to beat Irving if he were in front of him.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSWin or don’t eat: the Philippines’ poverty-driven, world-beating pool starsJames retweeted SLAMOnline, which carried the story based on Smith’s podcast, and cleared his side.“#NotFacts people! 🗣Boooo!! Get another source. 🤦🏾‍♂️. #EnjoyingMySummer #YouDoTheSame 😁😁😁,” said James in a tweet. Trump strips away truth with hunky topless photo tweet Don’t miss out on the latest news and information. National Coffee Research Development and Extension Center brews the 2nd National Coffee Education Congress FEU Auditorium’s 70th year celebrated with FEU Theater Guild’s ‘The Dreamweavers’last_img read more

PNP has new Natl Chairman same top two Leaders

PNP has new Natl Chairman same top two Leaders

first_imgFacebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, 22 Feb 2016 – The announcement to possibly run for North and Middle Caicos Electoral District by the former premier did overshadow news coming out of the PNP National Convention held on the weekend. The voting on Friday night proved to be a straight forward event held at the Tropicana Show and Supper Club; it saw Rufus Ewing kept on as the party’s leader and it saw Carlos Simons, re-appointed by Mr. Ewing to be his deputy. The National Chairman is new though and a new type of personality too; Royal Robinson, the former MP for North Caicos West and former Health Minister in the PNP Administration of 2009 is a vociferous and bold man and to Magnetic Media said he will maintain that reputation. No one challenged Robinson for this position, despite an interests in the job being expressed by the ex Premier Mike Misick. Mr. Robinson told us: “Experience, drive determination and an ability to get things done” is why he believes the over 200 delegates elected him to the job. Also ratified and ready to lead the party into the next General Elections are: Deputy Chairman, Sharon Simons; Gordon Burton, Treasurer; Sean Bassett is new Public Relations Director; Sonia Williams is Secretary General and Phillip Misick, Party Whip. Recommended for you North Caicos matriarch Mary Jane Misick passes Facebook Twitter Google+LinkedInPinterestWhatsApp Related Items:gordon burton, Phillip Misick, pnp national chairman, Royal Robinson, sean bassett, sonia williams Special Prosecutor rebuttal reflects on PNP wounded reputation under Misick NEW CHAIRMAN, PNP keeps Ewinglast_img read more

Payments banks struggle to add more depositors after almost 1 year of

first_imgAirtel Payments BankTwitterPayments banks are struggling to draw depositors after almost a year of starting operations in India.Currently, India has four operational payment banks — Airtel Payments Bank, Fino Payments Bank, India Post Payments Bank and PayTM Payments Bank. And as of September 30, all four banks’ combined outstanding demand deposits stood at Rs 236.45 crore, Reserve Bank of India (RBI) said in a response to an RTI application filed by BloombergQuint.Demand deposits are deposits that customers hold in their savings accounts and current accounts, and can be withdrawn without any prior notice.For payments banks, the central bank has capped demand deposits at Rs 1 lakh in each account. Payment banks are not allowed to offer fixed deposits and provide loans to customers. Moreover, RBI has mandated payment banks to invest majority of their deposits in government securities.Of the Rs 236.45 crore demand deposits with the four banks, the largest share — worth Rs 224.03 crore — lies with Airtel Payments Bank, while Rs 6.8 crore is parked with Fino Payments Bank, and PayTM Payments Bank has demand deposits worth Rs 3.25 crore as on September 30, BQ reported.Airtel Payment Bank has the highest market share in the payment banking space because it offers highest interest for demand deposit in India 7.25 percent. Peers like India Post Payments Bank offer 4.5-5.5 percent interest to its customer, while Paytm Payment Bank offers 4 percent.”As a business we are not chasing customer deposits right now. We have a well established presence and customer transactions have been growing steadily. That is the part of the business that we are focussing on right now. Deposits will start flowing in as the payments bank grows,” Rishi Gupta, Chief Executive Officer, Fino Payments Bank, told the business news portal.Do the numbers suggest that payments banks are waning in popularity over the quarters? Difficult to say, as it has been just one year since payments banks were rolled out. But one thing is evident: Payments banks’ managements want to polish their strategy to lure more customers.However, some experts feel the other way. “For a payments bank CASA won’t make much sense since it is not permitted to lend. It can only invest in government securities and other bank deposits and use the differential as a way to earn some margin. These companies would rather use the data they collect through transactions and use it to sell third party products to make an income,” Kalpesh Mehta, partner, Deloitte India, told BloombergQuint.last_img read more

Alor Ferrywala Palan Sarkar dies

Alor Ferrywala Palan Sarkar dies

first_imgPalan Sarkar distributes books. Prothom Alo File PhotoEkushey Padak winner Palan Sarkar, who distributed books for free among the people, passed away on Friday, reports UNB.The 98-year-old had been suffering from old-age complications.Palan Sarkar is with books to be distributed among readers. Prothom Alo File PhotoHe died at his home in Bausha village of Bagha upazila in Rajshahi.“My father was surrounded by his family at the time of his death,” his son Haider Ali said.Palan Sarkar, who started a social movement of reading books, was affectionately called “Alor Ferrywala,” the distributor of light.He was awarded the Ekushey Padak, Bangladesh’s second-highest civilian award, for his contribution to the society.Palan Sarkar with his daughter Rokeya Khatun. Prothom Alo File Photolast_img read more