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EU to rewrite trading rules

first_img Share Show Comments ▼ KCS-content LONDON’S pre-eminence as Europe’s leading commodity marketplace is under threat as proposed EU regulatory changes home in on derivatives trading.A new consultation on the European Commission’s markets in financial instruments directive (MiFID) is pushing for greater regulation of trading platforms for shares, bonds and derivatives.In commodity markets, it would force traders in both exchange-traded and over-the-counter derivatives to reveal their positions and give regulators the power to cap these if deemed unsafe, or even ban trading in a particular product altogether.Europe’s move follows similar US proposals to curb price spikes in key commodities such as grain, cocoa and oil, which it blames on speculators. But as the most liquid market in Europe for many commodities, London stands to lose out most from the planned restrictions in trading.Michel Barnier, the EU commissioner in charge of the reforms, said yesterday that “if someone is doing something which affects the market then he or she must be held to account. Hyper-speculation is scandalous.”The wide-ranging MiFID reforms propose making all derivatives eligible for clearing – including commodities – trade on electronic platforms, forcing bank-to-bank trading out in the open.It would give EU regulators “complete powers to manage and control positions in commodity derivatives more rigorously” to “reduce systemic risk and combat disorderly trading,” according to the consultation.Industry figures reacted with dismay.“Complaints that speculation leads to market manipulation misunderstands what drives the commodity markets, which is fundamental demand and supply,” said Andrew Moorfield, head of oil and gas at Lloyds Banking Group.Rob McIvor, communications director at the Association of Financial Markets in Europe, described the proposals as “a blunderbuss approach”. “One person’s speculation is another’s investment strategy. This definition could pick up on perfectly legitimate trading,” he said.Syed Kamall, MEP for London, said that over-regulating European financial markets could cause investors to take their money elsewhere. “If these bans are necessary – and I’m not convinced – we need to make sure the decisions stay in London and out of Brussels,” he said.In a separate consultation yesterday, Brussels proposed toughening penalties across the EU for rule breaches in the financial services sector. whatsapp Tags: NULL whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Wednesday 8 December 2010 9:31 pm EU to rewrite trading rules last_img read more


first_img KCS-content Monday 11 April 2011 7:20 pm whatsapp whatsapp KPMGStuart Westgate has been appointed as director of KPMG’s major project advisory practice, which advises clients on construction and transport projects that are either in play or running over time or budget. Westgate joins KPMG from The Nichols Group, where he spent the last ten years leading programmes for infrastructure clients. For the last two years, Westgate worked on secondment to Crossrail, where he managed the above-ground element of the scheme.Aegon Asset ManagementStephen Snowden has been appointed to Aegon Asset Management’s fixed income team with the aim of expanding its fixed income expertise with a focus on the investment grade market. Snowden joins Aegon from Old Mutual Asset Management, where he was responsible for the £747m Old Mutual Corporate Bond Fund.Baring Asset ManagementThe international investment manager has appointed Thomas Kwan as head of Asian debt. Kwan, who will be responsible for Barings’ Asian debt investments, joins Barings’ Hong Kong team from ICBC Credit Suisse Asset Management in Beijing.Williams de BroeDouglas Spence has been appointed as investment director in Williams de Broë’s Edinburgh office. He joins from Standard Life Wealth, where he controlled discretionary investment management services for private clients, trusts and pension schemes.Towers WatsonHelen Dowsey has been appointed as a senior investment consultant in the defined contributions business of the professional services company. Dowsey moves to Towers Watson from Aon Hewitt, where she has been a principal for the past three years. St James’ PlaceThe wealth management group has confirmed that Colin Jelley will join the firm as divisional director for the firm’s private clients in May. Jelley joins from Skandia, where he was head of tax and financial planning.White & CaseHugues Mathez has been appointed as a partner in the Paris office of international law firm White & Case to grow its global M&A and corporate capabilities. Prior to the move to W&C, Mathez worked for more than 20 years at law firm Gide Loyrette Nouel, where he advised French-listed companies on capital issuance, stock repurchases and corporate governance. More From Our Partners UK teen died on school trip after teachers allegedly refused her pleasnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comPuffer fish snaps a selfie with lucky‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest CITY MOVES | WHO’S SWITCHING JOBS Share Show Comments ▼ Tags: NULLlast_img read more

US federal court approves Big Fish Washington settlement

first_img Tags: Aristocrat Leisure Churchill Downs Big Fish Gaming However, this settlement still needed to be approved by the US Federal District Court for the Western District of Washington. Today, Aristocrat issued a statement announcing it had secured approval from the court. A US federal court has approved a settlement agreed by Churchill Downs Incorporated, former owner of Big Fish Games, and its current owner Aristocrat Leisure, related to two class action suits against the social gaming studio. 2nd March 2021 | By Daniel O’Boyle Legal Read the full story on iGB North America CDI contributed $124m, with a further $31m paid in by Aristocrat. Players that have lost money playing on Big Fish titles can reclaim funds from this pool. Subscribe to the iGaming newslettercenter_img US federal court approves Big Fish Washington settlement Regions: US Washington AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address Topics: Legal & compliance Social gaming Legal After the US Court of Appeals for the Ninth Circuit concluded that Big Fish apps such as Big Fish Casino and Jackpot Magic Slots were a form of illegal gambling, the pair created a $155m settlement fund in May 2020 to refund money lost playing those games.last_img read more

Regulatory round-up: MS, NJ, PA and IA discuss sports betting – Part 2

first_img Email Address Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Part one in this series is available here, while the third and final part can be found here. Regions: US Iowa Mississippi New Jersey Pennsylvania Topics: Legal & compliance Sports betting ICE365 Content Series Regulation Online sports betting Retail sports betting Sports betting regulation After the initial flurry of activity, the regulatory panel of Brian Ohorilko, Allen Godfrey, David Rebuck and Susan Hensel is invited to take stock of the first year’s progress, and share what they feel could improve regulations. ICE365 Content Series Tags: New Jersey Division of Gaming Enforcement Pennsylvania Gaming Control Board Iowa Racing and Gaming Commission Mississippi Gaming Commission Regulatory Round-up Regulatory round-up: MS, NJ, PA and IA discuss sports betting – Part 2 16th March 2021 | By contenteditorlast_img read more

New York’s Episcopal bishops commend Gov. Andrew Cuomo on his…

first_img Associate Rector for Family Ministries Anchorage, AK Rector Pittsburgh, PA Assistant/Associate Rector Morristown, NJ Rector Bath, NC Tags New York’s Episcopal bishops commend Gov. Andrew Cuomo on his handling of the COVID-19 pandemic thus far Eleven bishops representing six dioceses send commendation letter to the state’s governor Health & Healthcare New Berrigan Book With Episcopal Roots Cascade Books Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 COVID-19, TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Course Director Jerusalem, Israel Submit an Event Listing Priest-in-Charge Lebanon, OH Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT April 1, 2020The Honorable Andrew M. Cuomo Governor of New York StateNew York State Capitol Building Albany, NY 12224Dear Governor Cuomo:As the bishops of the Episcopal Church in the State of New York and the spiritual leaders of more than 130,000 New Yorkers, we write today to offer our thanks and support for your leadership during the COVID-19 pandemic. You are in our prayers during this difficult time.By implementing strong, proactive public health measures to slow the spread of the virus, you have helped protect the lives of the most vulnerable people in our congregations and communities and have set an example for civic and political leaders across the country. The benefits of the measures you have enacted are particularly important for St. John’s Episcopal Hospital in Far Rockaway, Queens, where our church is on the front line of caring for those who are ill.We are especially grateful for the clear, reliable information you provide in your daily coronavirus briefings and your advocacy to ensure that New York receives the federal resources that our health systems, particularly our overburdened hospitals, need now.As the pandemic unfolds, we will continue to support and advocate for strong public health measures that value human life over all other concerns. If we can be of assistance to you during this time and in the recovery efforts, we stand ready.Faithfully,The Rt. Rev. Daniel AlloteyAssisting Bishop, Episcopal Diocese of Long IslandThe Rt. Rev. Andrew ML DietscheBishop, Episcopal Diocese of New YorkThe Rt. Rev. Dr. DeDe Duncan-ProbeBishop, Episcopal Diocese of Central New YorkThe Rt. Rev. R. William FranklinAssisting Bishop, Episcopal Diocese of Long IslandThe Rt. Rev. Mary D. GlasspoolBishop Assistant, Episcopal Diocese of New YorkThe Rt. Rev. William H. LoveBishop, Episcopal Diocese of AlbanyThe Rt. Rev. Lawrence C. ProvenzanoBishop, Episcopal Diocese of Long IslandThe Rt. Rev. Sean W. RoweBishop, Episcopal Diocese of Western New YorkThe Rt. Rev. Allen K. ShinBishop Suffragan, Episcopal Diocese of New YorkThe Rt. Rev. Prince SinghBishop, Episcopal Diocese of RochesterThe Rt. Rev. Geralyn WolfAssistant Bishop, Diocese of Long Island Posted Apr 1, 2020 Cathedral Dean Boise, ID Rector Smithfield, NC Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Missioner for Disaster Resilience Sacramento, CA Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Rector Albany, NY Assistant/Associate Rector Washington, DC Family Ministry Coordinator Baton Rouge, LA Featured Jobs & Calls AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Rector Martinsville, VA Rector Shreveport, LA Press Release Service Submit a Press Releasecenter_img Curate (Associate & Priest-in-Charge) Traverse City, MI Rector and Chaplain Eugene, OR Director of Administration & Finance Atlanta, GA Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Director of Music Morristown, NJ An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Rector/Priest in Charge (PT) Lisbon, ME Rector Washington, DC This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Bishop Diocesan Springfield, IL Curate Diocese of Nebraska Canon for Family Ministry Jackson, MS Associate Priest for Pastoral Care New York, NY Rector (FT or PT) Indian River, MI The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Rector Knoxville, TN Youth Minister Lorton, VA Rector Collierville, TN Priest Associate or Director of Adult Ministries Greenville, SC Submit a Job Listing Associate Rector Columbus, GA Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Featured Events Rector Tampa, FL Assistant/Associate Priest Scottsdale, AZ Rector Hopkinsville, KY Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Rector Belleville, ILlast_img read more

Continúa resistencia en Standing Rock

first_imgEl Día de los Pueblos Indígenas es una respuesta al ofensivo feriado Día de Colón (o Día de la Raza) que glorifica la conquista europea de las Américas. Este 10 de octubre fue un día de nuevas detenciones de las/os heroicos resistentes de Standing Rock quienes se oponen al Dakota Access Pipeline (oleoducto), que está siendo construido por Energy Transfer Partners para el transporte de medio millón de barriles de petróleo al día a través de cuatro estados. Acciones de solidaridad también se llevaron a cabo en todo el país.El 9 de octubre, una corte estadounidense, en clara violación de los tratados firmados, había decretado una vez más apoyo al poder corporativo y en contra de las naciones indígenas.La Corte de Apelaciones EUA para el Circuito del Distrito de Columbia rechazó la moción de la Tribu Sioux de Standing Rock por una orden de interdicto para detener el oleoducto de $3.7 mil millones.Los acontecimientos que tuvieron lugar en la víspera del Día de los Pueblos Indígenas, una vez más exponen el papel criminal del poder del Estado para proteger la despiadada carrera capitalista en busca de ganancias. Los tribunales, la policía y el ejército EUA ejecutaron como lo han hecho históricamente, usando la invasión militar, la remoción misma de personas, legislaciones y la policía racista.Unas 27 personas fueron detenidas después de los enfrentamientos en las obras de construcción durante el Día de los Pueblos Indígenas. Los arrestos incluyeron a la co-estrella Shailene Woodley, de la película “Snowden”, quien fue acusada de “entrada ilegal.” Cerca de 100 manifestantes se encontraban en el sitio de construcción cuando se realizaron las detenciones.Sin embargo, la solidaridad y la resistencia continúan.Tribunales contra los derechos de indígenasEn un esfuerzo para avanzar con el oleoducto, los tribunales habían dado su aprobación por la vía rápida en julio. Pero entonces, miles de resistentes indígenas y sus aliadas/os, utilizando la acción directa, los mítines y un creciente campamento en Standing Rock, acapararon publicidad internacional. A finales de agosto, un tribunal federal fue presionado a conceder una orden temporal detener la construcción de la sección del oleoducto que se extiende 20 millas al este y al oeste del río Misuri.Pero el 9 de octubre, el tribunal se retractó y negó la orden judicial permanente. Temeroso del creciente apoyo a la resistencia, el tribunal también dejó abierta una forma de revertir su decisión. El fallo reconoció que “no es la última palabra”, señalando que la decisión final recae en el cuerpo de Ingenieros del ejército EUA. Este cuerpo es conocido por el uso de su autoridad sobre grandes proyectos de construcción en beneficio del poder corporativo.El río Misuri es la fuente principal de agua para la nación Lakota Sioux de Standing Rock y para millones de personas en cuatro estados. La presión corporativa para proteger la ganancia capitalista una y otra vez se ha considerado más importante que proteger los derechos a la tierra, al agua y los tratados de las naciones indígenas.Los bancos estadounidenses más grandes, tales como Bank of America, están detrás de la construcción de la tubería y la peligrosa práctica de la fractura hidráulica y perforación petrolera. Miles de millones de dólares están en juego.El Dakota Access Pipeline originalmente se había planeado para cruzar el río Misuri al norte de Bismarck, la capital de Dakota del Norte. Sin embargo, por la preocupación por el suministro de agua potable de la ciudad, la ruta se cambió hacia las tierras de los tratados de la reserva de Standing Rock.David Archambault II, presidente de la Nación Sioux de Standing Rock, respondió a la decisión judicial: “La tribu Sioux de Standing Rock no se echa para atrás de esta pelea. Nos guiamos por la oración, y seguiremos luchando por nuestro pueblo. No descansaremos hasta que nuestras tierras, nuestro pueblo, las aguas y los lugares sagrados estén protegidos permanentemente de este oleoducto destructivo”. ( batalla legal continúa con más apelaciones legales. Y la lucha continúa en primera fila.Desde que un campamento inicial comenzó en Sacred Stones el 1 de abril, miles se han unido a las más de 300 naciones indias americanas reconocidas a nivel federal en Cannon Ball, Dakota del Norte – sitio del Campamento Oceti Sakowin – para protestar el oleoducto. Las/os decididos activistas están ahora acondicionando el Campamento para mantener una presencia durante el frío ártico de los inviernos extremos de Dakota del Norte.La lucha para detener el Dakota Access Pipeline es una lucha por la soberanía nativa indígena y su derecho a controlar la tierra indígena, el agua y otros recursos naturales. La resistencia organizada en Standing Rock es también sobre la defensa del agua pura como un derecho humano de todas las personas.La organizadora de la comunidad Cheyenne River Sioux Joye Braun explicó: “Los peligros impuestos por la codicia de las grandes petroleras sobre la gente que vive a lo largo del río Misuri es asombrosa. Cuando este propuesto oleoducto se rompa, como sucede con la mayoría de los oleoductos, más de la mitad del agua potable en Dakota del Sur se verá afectada … Debe ser detenido”. ( de resistencia y solidaridad continúan bajo la bandera de #NoDAPL.Flounders visitó Standing Rock en septiembre como parte de una delegación de solidaridad de la campaña electoral de 2016 del Partido Workers World-Mundo Obrero.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Broadcast media under threat

first_img RSF_en Reporters Without Borders today voiced concern about the recent closure of two privately-owned TV channels, RTA and Canal 2, which has threatened the development of diverse, independent broadcast media in Cameroon.Although the country’s laws provide for privately-owned broadcast media, the government has ignored all requests from TV broadcasters for authorisation, forcing them to operate illegally. Reporters Without Borders urged the authorities to take the necessary steps to regularize the status of all the broadcast media and, in particular, to allow RTA and Canal 2 to resume operating.Provincial governors suspended the terrestrial broadcasting of RTA and Canal 2 on 19 February at the behest of communication minister Jacques Fame Ndongo on grounds of illegality. The two companies were authorised to carry the programming of foreign media but not to broadcast their own programmes, because the companies that own them, AEA and TV+ respectively, do not have permits to set up and run privately-owned broadcast companies.The minister’s decision came after the broadcast of a number of political debates in which the government was criticised. Aside from RTA and Canal 2, there is only one other privately-owned channel, which mainly broadcasts films.The communication minister has publicly attacked the media, accusing them of “repeatedly and intentionally disregarding the profession’s universal and sacrosanct principles by interfering in an untimely manner in the privately life of citizens and government bodies.” He also threatened broadcast media entrepreneurs with more rigorous tax collection. CameroonAfrica Organisation March 14, 2003 – Updated on January 20, 2016 Broadcast media under threat News to go further Cameroonian reporter jailed since August, abandoned by justice system Cameroonian journalist Paul Chouta sentenced and fined in defamation case Receive email alerts Case against Amadou Vamoulké baseless, French lawyers tell Cameroon courtcenter_img Follow the news on Cameroon Help by sharing this information News May 19, 2021 Find out more News CameroonAfrica News April 23, 2021 Find out more May 31, 2021 Find out morelast_img read more

Government uses repeated seizures to harass newspapers

first_img Reporters Without Borders condemns the government’s policy of harassing and intimidating the media. In the past few weeks, the intelligence services have repeatedly and arbitrarily seized newspaper issues or ordered newspapers to stop publishing, without giving any reasons.There have been at least seven confiscations since the start of 2014 and there were more in the preceding months. The latest closure order came on 26 January, when the Arabic-language daily Al-Jareeda was told to stop publishing until further notice.“These increasingly frequent acts of censorship, for which no explanation is given, are unacceptable and constitute flagrant violations of freedom of information,” said Cléa Kahn-Sriber, the head of the Reporters Without Borders Africa Desk.“Although the authorities say they are ready to start a dialogue with the opposition and carry out reforms, the regime’s repressive apparatus continues to do everything possible to gag the press and stifle any criticism.”Kahn-Sriber added: “Confiscating already printed copies of newspapers and ordering newspapers to stop publishing without any explanation indicate a desire on the part of the authorities to bankrupt the country’s media. We urge them to stop this policy of harassment and to lift the current ban on Al-Jareeda.”The National Intelligence and Security Service (NISS) confiscated the copies of three newspapers – Al-Ayam, Alwan and Al-Sahafa – on 4 February shortly after they had been printed.The NISS confiscated Al-Jareeda’s latest issue on 26 January after it carried a report implicating finance minister Badr El Din Mahmoud in corruption and ran a series of stories about fuel and bread shortages.The order it received the same day to stop publishing was transmitted verbally by the police. Al-Jareeda received no written notification of the order.Al-Jareeda is subjected to constant harassment and intimidation. The 1 December, 11 December, 22 December and 24 January issues were also seized as they came of the presses. Two issues of the newspaper were confiscated in September.Sudan has been ranked 170th out of 179 countries in the Reporters Without Borders press freedom index since 2012.Photo : kiosk in Khartoum, AFP/Ashraf Shazly SudanAfrica News News April 10, 2020 Find out more Follow the news on Sudan Help by sharing this information Sudan : Press freedom still in transition a year after Omar al-Bashir’s removal News Organisation to go furthercenter_img February 6, 2014 – Updated on January 20, 2016 Government uses repeated seizures to harass newspapers RSF_en April 6, 2020 Find out more Receive email alerts News SudanAfrica Covid-19 in Africa: RSF joins a coalition of civil society organizations to demand the release of imprisoned journalists on the continent Coronavirus infects press freedom in Africa March 29, 2020 Find out morelast_img read more

Multifamily Housing Project could be built in Medical Center Parking Lot

first_imgEVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Community News Multifamily Housing Project could be built in Medical Center Parking Lot By DAVID CROSS Published on Wednesday, July 29, 2020 | 4:05 pm [UPDATED] The Design Commission approved a project that would allow a developer to build multifamily housing in the parking lot of a local medical center.According to Planning Director David Reyes the project would allow the owner of the Thatcher Medical Center in Pasadena to build 75 dwelling units above a three-level, 332-car basement garage serving both residents and the adjoining medical offices.Is building is located at 135 S. Catalina Ave.The applicant is proposing to build affordable units off-site. As of Wednesday afternoon plans for the off-site units have not been submitted to the city. According to Reyes, a Certificate of Occupancy for the new Thatcher project would be issued until the off-site affordable units are completed.The next step for the project is a building plan check. Before construction begins developers will need to obtain a building permit, which will involve submitting construction drawings that are consistent with all applicable development codes, and approval from multiple city departments before construction can begin.According to the final design review application the new residential units are proposed to be for sale, so it is likely that the developer will apply for a subdivision map at some point in the future, which will require a public hearing.No application has yet been submitted, so the meeting has not been scheduled.“In an email to Pasadena Now, Reyes said the Design Commission’s approval of the Concept Application, which approves the building massing and envelope was approved and there was no appeal and no call for review by the City Council. The Final Design Review application, which addresses issues like, colors, materials and finishes, will become effective on August 10th.”“This project originally proposed more height and density than the Code allows and opposition to that project was expressed at various public meetings,” Reyes told Pasadena Now. “In response, the applicant revised project to be fully code compliant and has gone through the Design Review process without any appeals or calls for review. This project represents a significant investment in the community during very uncertain economic times and will add to the city’s housing stock.” Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Your email address will not be published. Required fields are marked * Name (required)  Mail (required) (not be published)  Website  Subscribe More Cool Stuff CITY NEWS SERVICE/STAFF REPORT Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday HerbeautyHow To Lose Weight & Burn Fat While You SleepHerbeautyHerbeautyHerbeauty10 Most Influential Women In HistoryHerbeautyHerbeautyHerbeauty6 Strong Female TV Characters Who Deserve To Have A SpinoffHerbeautyHerbeautyHerbeautyThe Kardashians Know How To Throw A Good Party!HerbeautyHerbeautyHerbeautyWomen Love These Great Tips To Making Your Teeth Look WhiterHerbeautyHerbeautyHerbeautyIs It Bad To Give Your Boyfriend An Ultimatum?HerbeautyHerbeauty Top of the News center_img Community News 23 recommended0 commentsShareShareTweetSharePin it Community News Business News faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Donald CommunityPCC- COMMUNITYVirtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Make a comment STAFF REPORT Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena STAFF REPORT First Heatwave Expected Next Week last_img read more

Parliament Clears Bill For Regularization Of Unauthorized Colonies In Delhi; Extension Of Protection From Sealing/ Demolition Till 2023

first_imgNews UpdatesParliament Clears Bill For Regularization Of Unauthorized Colonies In Delhi; Extension Of Protection From Sealing/ Demolition Till 2023 Akshita Saxena10 March 2021 3:07 AMShare This – xThe Lok Sabha today passed the National Capital Territory of Delhi Laws (Special Provisions) Second (Amendment) Bill, 2020 by voice vote. It was passed by the Rajya Sabha on February 9, 2021. Introduced by Minister for Housing and Urban Affairs of India, Hardeep Singh Puri, the Bill seeks to extend the time period available with the Government for regularization of unauthorized…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 Lok Sabha today passed the National Capital Territory of Delhi Laws (Special Provisions) Second (Amendment) Bill, 2020 by voice vote. It was passed by the Rajya Sabha on February 9, 2021. Introduced by Minister for Housing and Urban Affairs of India, Hardeep Singh Puri, the Bill seeks to extend the time period available with the Government for regularization of unauthorized colonies which existed as on June 1, 2014, having 50% development as on January 1, 2015. Delete NCT of #Delhi Laws (Special Provisions) Second Amendment) Bill 2021 passed by #LokSabha for regularization of unauthorized colonies in Delhi, extension of protection from sealing/ demolition till 2023Bill was passed in #RajyaSabha on February 9👇— Live Law (@LiveLawIndia) March 10, 2021 Background The Government had enacted the NCT of Delhi Laws (Special Provisions) Second Act, 2011, with the following objectives: relocating slum dwellers and Jhuggi-Jhopri clusters in Delhi in accordance with the provisions of the Delhi Shelter Improvement Board Act, 2010 and the Master Plan for Delhi, 2021 regularising unauthorised colonies in Delhi creating a policy or plan for farm houses constructed beyond permissible building limits in Delhi not taking any punitive action and minimising inconvenience to the people of Delhi in case of any demolition or sealing of structures under the Master Plan for Delhi. The validity of this Act was set to expire on December 31, 2020, whereas the above objectives are yet to be achieved. Therefore, the Government sought to extend the operation of the 2011 Act, to preclude any coercive measures such as sealing/ demolition against residents of these unauthorized colonies. The instant Bill seeks to extend the operation of the 2011 Act for a period of three years from January 1, 2021 to 31 December, 2023. [Presently, the Act is in force due to an extension granted by way of an Ordinance, promulgated on December 30, 2020.] Parliamentary Debate Given constant protest and sloganeering by the Opposition demanding immediate discussion of Farm Laws and rising fuel prices, the discussion on the Arbitration Bill in Lok Sabha lasted for approximately 25 minutes, including the time taken by Housing Minister in his reply. Only four members, namely BJP MPs Meenakshi Lekhi and Ramesh Bidhuri, YSRCP MP Chinta Anuradha and JD(U) MP Dr. Alok Kumar Suman spoke (in favour of the Bill) during the discussion. In her speech, Lekhi criticized the Delhi Government for not providing adequate facilities for migrants, labour who were residing in these unauthorized colonies. Citing several statistics, she alleged that the Delhi Shelter Improvement Board has not been discharging its duties of looking after slum clusters by way of provision of civic amenities. She added that the Centre has taken concrete steps for protection of such vulnerable class of persons by enacting the NCT of Delhi (Recognition of Property Rights of Residents in Unauthorised Colonies) Act, 2019 for recognising the property rights of resident in unauthorised colonies by securing the rights of ownership or transfer or mortgage in favour of such residents. In his reply in the Rajya Sabha, Union Minister Hardeep Singh Puri had informed that all possible steps are being taken under the Prime Minister Awas Yojana. He said, as against the demand assessment of 1.12 lakh houses in Delhi, 1.11 lakh houses have already been sanctioned, 42 lakh units have been handed over to the beneficiaries and 72 lakh units are under construction. The Minister further informed the House that the issue of Migrant labours could not be resolved under the present housing scheme since they do not look for permanent homes. Therefore, the Government is signing MoUs with various State Governments for providing ‘Affordable Rental Housing Complexes’ for migrants. The Bill will now be presented before the President for his assent. Click Here To Download BillNext Storylast_img read more