A global recession is coming! I’d buy this safe-haven dividend stock to protect my ISA

first_img “This Stock Could Be Like Buying Amazon in 1997” A global recession is coming! I’d buy this safe-haven dividend stock to protect my ISA Enter Your Email Address See all posts by Royston Wild Simply click below to discover how you can take advantage of this. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Our 6 ‘Best Buys Now’ Shares Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!center_img Royston Wild | Tuesday, 2nd June, 2020 | More on: CEY Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. In my opinion, Centamin (LSE: CEY) is a brilliant safe haven for ISA investors to buy in these turbulent times. I’ve spoken at length about how a wide range of macroeconomic and geopolitical landscape problems will likely drive gold prices to fresh landmark highs. They could have a significant effect in pushing precious metals higher too.Many of these issues have a significant impact on the US in particular and thus threaten to keep the dollar on a downward trend. In this scenario it becomes more cost effective to buy greenback-denominated assets like gold. And it’s a phenomenon that has lifted yellow metal prices in recent days.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…The steep rise in Covid-19 cases in the States; those mass protests and trade fears; and a volatile presidential election process later in the year are likely to keep the dollar under the cosh, to the benefit of bullion prices.Is gold looking underbought?So 2020 looks set to be another blockbuster year for gold prices. Why not ride this phenomenon by buying shares in FTSE 250 ‘safe haven’ Centamin?Gold prices gained almost a fifth during the course of 2019 to finish at $1,515 per ounce. And over the period, Centamin’s stock rocketed 55% in value. Compare that to the slight decline that the broader FTSE 250 recorded in that time.Evidence shows that investment demand for safe-haven precious metals remains quite strong. According to UBS, total holdings in global gold-backed exchange-traded funds (ETFs) stand at their highest for a year. Yet current ETF net positions of 27.43m ounces stand some way back from the record peaks of 38.56m ounces. Considering that the world economy faces the biggest upheaval since the Great Depression, well it seems that there remains plenty more scope for holdings to rise.A top safe-haven shareNo wonder some analysts are tipping gold to punch through the $3,000 per ounce milestone before long and to fresh all-time highs. It remains just off recent seven-year peaks above $1,760 and looks poised for another run northwards.But don’t think that gold’s bolt has been shot should it weaken in the near term. The boffins over at UBS say that they “expect price action to remain choppy in the near term,” commenting that “another attempt to break the highs in May and a test of $1,800 is on the cards for gold, but it is quite possible that this happens after another look at the downside first.” Strong dip-buying will help the metal rise again following any weakness, the bank adds.Getting exposure to gold would seem to be a sterling idea, then. And at current prices Centamin is an attractive way to do this. As well as trading on a low forward P/E ratio of 13 times, it sports a dividend yield north of 5%. This is a safe haven that could help boost your ISA returns in the near term and beyond, I feel. Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Image source: Getty Images last_img read more

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Stock market crash 2020: a once-in-a-lifetime chance to buy cheap stocks?

first_img I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. “This Stock Could Be Like Buying Amazon in 1997” Stock market crash 2020: a once-in-a-lifetime chance to buy cheap stocks? Peter Stephens | Monday, 21st December, 2020 Simply click below to discover how you can take advantage of this. See all posts by Peter Stephens Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Our 6 ‘Best Buys Now’ Shares Image source: Getty Images. The 2020 stock market crash has left a wide range of stocks across many sectors trading cheaply. Although they could yet fall further in the short run, due to ongoing political and economic risks, they may deliver strong recoveries in the long run.Such opportunities have historically been relatively rare. And, with major stimulus programmes in place across many economies and the prospect of fewer lockdown restrictions in 2021, the outlook for high-quality companies that trade at low prices could be relatively positive.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…The 2020 stock market crash: a rare event?This year’s stock market crash was a relatively rare event. In fact, many of today’s cheap stocks haven’t traded at their current prices in over a decade. The last time they did was in the global financial crisis, when major indexes such as the S&P 500 and FTSE 100 collapsed in value.Prior to the global financial crisis, major bear markets have been relatively uncommon. For example, the dot com crisis included vast share price falls across global stock markets. And, while there have been many corrections and downturns in the past 20 years, this year’s stock market fall was among the most severe.As such, an investor is likely to experience only a relatively small number of declines similar in size and severity to the 2020 stock market crash during their lifetime. Taking advantage of the cheap stocks they provide may mean greater scope for capital appreciation in the long run.A unique opportunity to buy cheap stocks?The 2020 stock market crash could be a unique opportunity to buy cheap stocks. That’s not because it’s left many companies trading at low prices. Rather, the path to growth could be stronger and faster than has been the case following previous bear markets.For example, investor sentiment could improve significantly if it becomes clear the coronavirus pandemic will be successfully overcome. Furthermore, the amount of fiscal and monetary policy stimulus that’s been announced may have a positive impact on asset prices over the coming years. As was the case after the global financial crisis, a loose monetary policy can have a very positive impact on global stock markets.Of course, there’s no guarantee of a fast-paced growth period for cheap shares after the stock market crash. A second downturn could take place in the short run. However, vast amounts of stimulus arguably represent a faster and stronger response to a market decline than has been the case in some previous downturns.Focusing on high-quality cheap stocksThe stock market crash has highlighted the importance of buying high-quality companies. Therefore, rather than simply buying the cheapest stocks around, it may be prudent to consider the financial standing and competitive advantage of a business prior to purchase. This could lead to higher returns in a likely stock market recovery. 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Wallabies hooker Stephen Moore announces impending retirement after stellar career

first_imgThursday Jul 27, 2017 Wallabies hooker Stephen Moore announces impending retirement after stellar career Wallabies and Queensland Reds hooker Stephen Moore has called time on his career, announcing that he will retire from Test rugby at the end of 2017, and then play a final season of Super Rugby in 2018. Moore, now 34-years-old, first made his Super Rugby debut in 2003, before his Test debut for the Wallabies in 2005. He has gone on to play top level rugby for over a decade, with 177 games of Super Rugby and 120 Test caps.“I’ve had a long career and my time in the game is something I’ll look back on very fondly,” Moore said. “That being said, there’s still a lot of Rugby ahead of me over the next 12 months and I hope to be able to contribute to the success of the Wallabies and the Reds with the time I have left.”Moore is currently the second-most capped Australian Test player of all time, behind George Gregan (139 caps) and has played the second-most number of Super Rugby games of any player in the history of the competition (behind Wyatt Crockett).“As of the next Test I will be handing over the captaincy, and will spend the next four months supporting the new leadership team in any way possible. We have a great bunch of developing leaders like Michael (Hooper), Adam (Coleman), Bernard (Foley), Samu (Kerevi), Allan (Alaalatoa).“Succession is a really important part of the leadership of any team and we’ve been working to that end for a number of years and having those discussions for some time,” Moore said.Wallabies coach, Michael Cheika said: “Stephen still has a big role to play within the team. This isn’t a farewell right now – he’s fully committed to getting the gold jersey back to the top this year.  “His contribution to this current team cannot be understated. What he’s achieved on the field is no mean feat but it’s his work off the field in his role as captain of Australia that has really impressed me. We now have to make sure we send him off in the best way possible this year,” Cheika added.Full press conference:ADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Wallabies Related Articles 29 WEEKS AGO New compilation shows how 132kg former teenage… 43 WEEKS AGO Rugby League’s State of Origin could help… 49 WEEKS AGO Rennie confident that Wallabies youth can… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsWrinkle Remedy Stuns TV Judges: Forget Surgery, Do This Once DailySmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living30+ Everyday Items with a Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

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‘My foot was probably the size of two shoes’ – Wallabies rookie reveals crazy race to be fit for Bledisloe II

first_imgWednesday Oct 21, 2020 ‘My foot was probably the size of two shoes’ – Wallabies rookie reveals crazy race to be fit for Bledisloe II Wallabies rookie Harry Wilson has revealed that his right foot ballooned to twice the size just three days before Australia’s second Bledisloe Cup clash with New Zealand.ADVERTISEMENTIt’s been well documented how Wilson spent 36 hours in an Auckland hospital last week before making a miraculous recovery in time to tackle the mighty All Blacks on Sunday.But the 20-year-old back-rower only detailed his extraordinary week on Wednesday after returning to Australia for the final two games of the series in Sydney and Brisbane on October 31 and November 7 respectively.Wilson said what started as a small cut, which he can’t even recall how it came about, developed into boil cellulitis that rendered him immobile less than a week after making a memorable Test debut in Australia’s series-opening 16-16 draw in Wellington.“It was a bit different to a usual game week. I just had a little bit of a cut on my foot on Monday and then it progressively got worse,” Wilson said at the unveiling of the Wallabies’ latest Indigenous jumper.“I did a big training session on Wednesday and then my foot was probably the size of two shoes.“So on Thursday I had my foot all up and Friday we decided it was probably best to go to hospital to get it sorted.”ADVERTISEMENTWilson was pumped with antibiotics and spent almost every waking minute icing the foot in his race against the clock.He was eventually released from hospital on Saturday afternoon, less than 24 hours before going into battle in Bledisloe II at Eden Park.“I pretty much didn’t move for 36 hours just to get it all out,” Wilson said.ADVERTISEMENT“The swelling left and I kind of knew (I’d be OK to play) because about every four hours I was able to walk on it a bit better.”Continuing his Cinderella year, Wilson’s foot fitted beautifully into his shoe and the Wallabies hardman managed to play 50 minutes in Australia’s 27-7 defeat.“The boot ended up fitting on pretty well so I didn’t really notice it on game day, which was good,” he said.Wilson did enough to suggest he’ll be retained for Australia’s must-win showdown in Sydney.But, furious with seeing his side miss 40 tackles, Wallabies coach Dave Rennie threatened to wield the axe.One player unlikely to back-up is midfield playmaker Matt Toomua, who is still awaiting the outcome of scans after limping off before halftime with a recurring groin injury.“However long he misses, he’ll be a big loss,” his Wallabies and Melbourne Rebels teammate Dane Haylett-Petty said on Wednesday.“He’s one of the leaders of the team and he’s probably been close to the form player so far, shifting out and doing a job at 12 and leading the defence.” Posted By: rugbydump Share Send Thanks Sorry there has been an error News Related Articles 25 WEEKS AGO Exeter vs Toulouse is off as a number of… 25 WEEKS AGO Danny Cipriani leaves Gloucester with immediate… 25 WEEKS AGO ‘Aphiwe can’t believe it. We were starting… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsDoctors Stunned: This Removes Wrinkles Like Crazy! (Try Tonight)Smart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living30+ Everyday Items with a Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

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Distance selling directive comes into force

Distance selling directive comes into force  16 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis The Distance Selling Directive comes into force tomorrow, giving consumers greater rights to cancel orders and make complaints. It covers shopping by mail order, telephone, fax and Internet. The Distance Selling Directive comes into force tomorrow, giving consumers greater rights to cancel orders and make complaints. It covers shopping by mail order, telephone, fax and Internet. Retailers, which will include charity trading companies, will need to publish comprehensive information about goods at the point of order. Consumers also get the right to cancel an order within seven days after receipt of the goods purchased.Bates Wells and Braithwaite highlighted this development in their recent legal briefing. Find out more from Bates Wells and Braithwaite on UK Fundraising. Advertisement Howard Lake | 30 October 2000 | News About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis read more

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Consolidation May be Ahead for the  Machinery Industry

first_img SHARE Home Indiana Agriculture News Consolidation May be Ahead for the  Machinery Industry Facebook Twitter A recent study by Rabobank suggests the agriculture machinery industry could be headed for consolidation. DTN reports the study suggests we are about to see manufacturers merge, buy smaller companies and/or expand their offerings to include product lines not usually found on your local tractor dealer’s lot. The report, titled Contraction Today, Consolidation Tomorrow, says “consolidation in any sector or industry is a logical, natural response to difficult operating conditions or declining growth.” Lower commodity markets have led to less farmer spending.The Rabobank report concludes that the downturn in equipment sales is both severe and persistent and that it will result in a reshaping of the industry. The report suggests three scenarios, being mergers, acquisitions and branching out into new product lines. Consolidation May be Ahead for the  Machinery Industry Facebook Twitter SHARE By Gary Truitt – Sep 30, 2015 Previous articlePropane Inventories at All-Time HighsNext articleAnother Voice Added to the RFS Fight Gary Truittlast_img read more

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TCC student found strangled to death near TCU

first_imgElizabeth Campbellhttps://www.tcu360.com/author/elizabeth-campbell/ Facebook Elizabeth Campbellhttps://www.tcu360.com/author/elizabeth-campbell/ Twitter Linkedin ReddIt World Oceans Day shines spotlight on marine plastic pollution Breakdown: Cambridge Analytica, information warfare ReddIt Photo courtesy of Nick Matheson. Twitter Previous articleStudents find community in BelizeNext articleNISA invites Water Protectors to discuss DAPL Elizabeth Campbell RELATED ARTICLESMORE FROM AUTHOR WATCH: Former Chief of Staff for Obama talks Trump administration, Democrats, liberal arts education Facebook CRES negotiates move to interdisciplinary unit amid student resistance Elizabeth Campbellhttps://www.tcu360.com/author/elizabeth-campbell/ Alumna joins ‘Survivor’ reality show in quest for a million dollars + posts TCU places second in the National Student Advertising Competition, the highest in school history Linkedin printMolly Matheson. Photo courtesy of Nick Matheson.Police have no suspects in their investigation of the death of a 22-year-old woman whose body was found in the 2600 block of Waits Avenue – about two blocks away from TCU’s campus.The Tarrant County medical examiner declared Molly Matheson’s cause of death as strangulation and ruled it a homicide. Fort Worth Police Officer Jimmy Pollozani said homicide detectives are investigating.She was found in the bathroom, of the residence Monday by officers following an investigation call. Matheson was renting the back pool house which is a behind a gated driveway.Matheson was enrolled as a full-time student at Tarrant County College (TCC) after starting there in summer of 2016, according to TCC executive director of communications, public relations and marketing, Suzanne Groves. She formerly was a student at the University of Arkansas and a member of the Alpha Delta Pi Sorority on that campus.Molly Matheson was found strangled to death in the bathroom of the back apartment.Photo by Ryder Buttry.Her mother, Tracy Matheson, described her personality as “funny, silly and bright.”The TCU Police Department has not been asked to join the investigation, detective Steve Hall said, but would be willing to if asked.TCU Police sent out a safety alert email because of “the very serious nature of the incident and its close proximity to campus.”The email also included safety tips and a reminder to “remain vigilant and immediately report any suspicious activity to police.”An email sent Wednesday by Kathy Cavins-Tull, Vice Chancellor of Student Affairs, stated that TCU police will be expanding their patrol borders and adding additional off-duty Fort Worth Police Department officers. The email also stated that the additional patrols will continue until the suspect has been arrested or determined to no longer be a threat.Holly Ellman, assistant director of strategic communications, said that the patrols are from “overabundance of caution to keep our community safe. Safety is always of utmost concern at TCU.”Matheson’s sorority sister at Arkansas, Stephanie Almand, described Matheson as “one of the brightest lights” she had ever met.Matheson (right) and her sorority sister Stephanie Almand. Courtesy of Almand.“She could take your bad mood and turn it around with her wonderful sense of humor,” Almand said. “She had a sense of wisdom about her that made her easy to talk to. She would always say, “Oh yeah, that kind of happened to me when…” and she would start on some story that made you feel better, whether it was related or not. She was always doing something crazy to make you laugh. She was the kind of girl who would give everyone nicknames and have a catch phrase with everyone.”The International President for Alpha Delta Pi, Stacy Bruton, said Matheson was initiated at the University of Arkansas and later moved to the Fort Worth area but was not affiliated with a Texas chapter.“Alpha Delta Pi is saddened by the loss of any life and we offer our deepest condolences to her family and friends,” Bruton said.Shane Battis, Kristen Weaver and Ryder Buttry contributed to this story.Correction: A previous version of this story incorrectly referred to Matheson’s status with the University of Arkansas. She attended the university.  Welcome TCU Class of 2025 Elizabeth Campbell is executive editor of TCU 360 and a senior journalism and political science double major. When not in the newsroom, she’s thinking about the news while probably watching TCU football or being a history nerd. Send her a tip if you have a story to share! Elizabeth Campbellhttps://www.tcu360.com/author/elizabeth-campbell/ Elizabeth Campbell last_img read more

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Fire Destroys Residential Garage in Pasadena

first_img Make a comment 27 recommended0 commentsShareShareTweetSharePin it Image by deroticllc via InstagramA fire tore through a detached residential garage in Pasadena, ultimately leading to its collapse, amid reports of possible ammunition exploding inside on Monday afternoon, authorities said.The fire was reported about 1:45 p.m. in the 2000 block of Galbreth, between Tierra Alta Drive and Greg Avenue, city spokeswoman Lisa Derderian said.Arriving firefighters found the garage “well-involved” with flames, with surrounding structures threatened, she said. The structure was compromised, so they took a “defensive” stance and poured water onto the flames from the perimeter.Within a matter of minutes, the burning garage collapsed, Derderian said.Officials also received reports of possible ammunition exploding inside the garage, she said.No injuries were reported. The cause of the fire remained under investigation.It was the second residential fire in less than an hour handled by the Pasadena Fire Department on Monday.Another fire broke out a short time earlier inside a home in the 1200 block of Redford Avenue, according to Derderian.The residents managed to get themselves outside and police evacuated neighbors, she said.It was determined a dishwasher had caught fire, spreading flames through the home’s interior, she said.The flames were quickly put out and no injuries were reported, however, Derderian described the damage to the home as “significant.” CITY NEWS SERVICE/STAFF REPORT Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPasadena Water and PowerPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Community News More Cool Stuff STAFF REPORT Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Subscribe Your email address will not be published. Required fields are marked *center_img Herbeauty6 Trends To Look Like A Bombshell And 6 To Forget AboutHerbeautyHerbeautyHerbeautyShort On Time? 10-Minute Workouts Are Just What You NeedHerbeautyHerbeautyHerbeauty6 Lies You Should Stop Telling Yourself Right NowHerbeautyHerbeautyHerbeautyZac Efron Is Dating A New Hottie?HerbeautyHerbeautyHerbeautyWant To Seriously Cut On Sugar? You Need To Know A Few TricksHerbeautyHerbeautyHerbeautyFinding The Right Type Of Workout For You According AstrologyHerbeautyHerbeauty Name (required)  Mail (required) (not be published)  Website  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. STAFF REPORT First Heatwave Expected Next Week Business News Public Safety Fire Destroys Residential Garage in Pasadena By BRIAN DAY Published on Monday, July 6, 2020 | 1:28 pm Community News Top of the News Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

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P&H HC Repels Challenge Against Pre-Deposit Condition For Appeal Under Section 43(5) Of RERA [Read Judgment]

first_imgNews UpdatesP&H HC Repels Challenge Against Pre-Deposit Condition For Appeal Under Section 43(5) Of RERA [Read Judgment] LIVELAW NEWS NETWORK16 Oct 2020 9:36 AMShare This – xThe Punjab and Haryana High Court has repelled the challenge against the constitutionality of the condition for pre-deposit prescribed under Section 43(5) of the Real Estate Regulation and Development Act, 2016 for filing of an appeal by a promoter before the Appellate Authority against any direction of the adjudicating officer.The proviso to Section 43(5) prescribes that “where a promoter…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 Punjab and Haryana High Court has repelled the challenge against the constitutionality of the condition for pre-deposit prescribed under Section 43(5) of the Real Estate Regulation and Development Act, 2016 for filing of an appeal by a promoter before the Appellate Authority against any direction of the adjudicating officer.The proviso to Section 43(5) prescribes that “where a promoter files an appeal with the Appellate Tribunal, it shall not be entertained, without the promoter first having deposited with the Appellate Tribunal at least thirty percent of the penalty, or such higher percentage as may be determined by the Appellate Tribunal, or the total amount to be paid to the allottee including interest and compensation imposed on him, if any, or with both, as the case may be, before the appeal is heard”. A division bench of Justice Dr. S Muralidhar and Justice Avneesh Jhingan applied the settled principle that the right to appeal was not a vested right and was a creature of the statute and that conditions can be imposed for filing appeal. The bench also rejected the argument that imposing the condition only on “promoters” was discriminatory. In this regard, the bench noted that the decision of a coordinate bench in M/s. Lotus Realtech Pvt. Ltd. v. State of Haryana had held that the treatment of promoters as a class different from other appellants satisfied the test of reasonableness laid down by several judgments of the Supreme Court explaining Article 14 of the Constitution of India.The bench came to the same conclusion that the condition of pre-deposit was not illegal or onerous so as to make the appeal illusory.The Court also refused to interfere with the orders passed by the Appellate Tribunal refusing the applications seeking waiver of the condition or seeking additional time for making such deposit.”..the Appellate Tribunal is not obliged to proceed to ‘entertain’ or hear an appeal that has been filed before it, if the promoter, who has filed such appeal, fails to comply with the direction for making the pre-deposit in terms of the proviso to Section 43 (5) of the Act”, the bench stated. Pre-deposit to be made into fixed depositThe Court ordered that the Appellate Tribunal would order the placing of the pre-deposit amount in a fixed deposit pending the final decision in the appeal. If it were to order release of the whole or part of the amount to the allottee, that would have to be upon the furnishing of adequate security. This would be necessary as in the event of the appellant succeeding, the amount pre-deposited would be required to be refunded(Para 23).The Court also rejected the challenge laid to the validity of Rules 28 and 29 of the Haryana Rules, 2017 as well as the amendments made thereto and to forms CRA and CAO by the Haryana Amendment Rules, 2019 notified on 12th September, 2019.The Court said : “This Court rejects the submission advanced by the counsel for the Petitioners that the provisions of the Act concerning the respective adjudicatory powers of the Authority and the AO, as they presently stand, are irreconcilable and that it is the AO alone that can exercise those powers to the exclusion of the Authority. Rules 28 and 29 of the Haryana Rules as amended seek to give effect to the harmonized construction of the provisions of the Act concerning the powers of the Authority and of the AO. The amended Rule 28 (1) of the Rules, in so far as it requires the Authority to first determine violations of the Act and then if it finds the existence of such violations to refer the matter to the AO only where there is prayer for compensation and interest by way of compensation, is consistent with above interpretation. It is in other words based on the correct understanding of the clear delineation of the powers of the Authority on one hand and the AO on the other. Rule 29 of the Rules is also consistent with this clear delineation of the adjudicatory powers of the Authority and the AO respectively. Therefore, the Court does not find the amended Rules 28 and 29 of the Rules, or the amendments to Forms CRA and CAO to be ultra vires the Act”. The conclusions were summarized as :(i) The challenge to the constitutional validity of the proviso to Section 43 (5) of the Act is rejected.(ii) The orders of the Appellate Tribunal declining to grant the Petitioners further time to make the pre-deposit beyond the date as stipulated by the Appellate Tribunal or where the appeals have been rejected on account of the Petitioners’ failure to make the pre-deposit as directed, are hereby affirmed. Nevertheless, this Court has in paragraphs 94 and 95 hereafter issued directions giving one last opportunity to the Petitioners to make the pre-deposit in a time-bound manner.(iii) In the facts and circumstances of the individual cases, no grounds have been made out to persuade this Court to exercise its writ jurisdiction under Article 226 of the Constitution to grant any relief in respect of waiver of pre-deposit. In none of the cases is the Court satisfied that a case of ‘genuine hardship’ has been made out. (iv) On the interpretation of the provisions of the Act, the conclusions in this judgment on the scope of jurisdiction of the Authority and the AO respectively, and given the prayers in the individual complaints from which these writ petitions arise, in none of the cases the Authority can be held to have exercised a jurisdiction that it lacked and its orders cannot be said to be without jurisdiction. No interference under Article 226 is warranted on that score.(v) As regards the merits of the order of the Authority the remedy of an appeal before the Appellate Tribunal is in any event available. Even where according to the party aggrieved the Authority lacked jurisdiction to decide the complaint, it would be for the Appellate Tribunal to decide that issue in light of the legal position explained in this judgment on the respective adjudicatory powers of the Authority and the AO. In such instance too the pre-deposit would be mandatory.(vi) A collective reading of provisions makes it apparent that when it comes to refund of the amount, and interest on the refund amount, or directing payment of interest for delayed delivery of possession, or penalty and interest thereon, it is the Authority which has the power to examine and determine the outcome of a complaint. When it comes to question of seeking the relief of compensation or interest by way of compensation, the AO alone has the power to determine it on a collective reading of Sections 71 and 72 of the Act.(vii) Rules 28 and 29 of the Haryana Rules as amended seek to give effect to the harmonized construction of the provisions of the Act concerning the powers of the Authority and of the AO. They are not ultra vires the Act. The Court rejects the challenge to the validity of the amended Rules 28 and 29 of the Rules and the amendments to Forms CRA and CAO.(viii) A complaint yet to be decided as on the date of the notification of the Haryana Amendment Rules 2019, will now be decided consistent with the procedure outlined under the amended Rules 28 and 29 of the Haryana Rules.(ix) The challenge to Sections 13, 18 (1) and 19 (4) of the Act and Rules 8 and 15 of the Haryana Rules as regards their retroactive applicability to ‘ongoing projects’ is hereby rejected.Click here to download the judgmentRead JudgmentSubscribe 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

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Donegal farmers to be hit with no knackery collections next week

first_img DL Debate – 24/05/21 FT Report: Derry City 2 St Pats 2 Facebook Harps come back to win in Waterford Google+ Derry draw with Pats: Higgins & Thomson Reaction AudioHomepage BannerNews By News Highland – February 20, 2020 Pinterest Pinterest Google+ Previous articleMore heavy rain forecast for DonegalNext articleOpposition grows over potential mining plans in south Donegal News Highland center_img WhatsApp Twitter RELATED ARTICLESMORE FROM AUTHOR WhatsApp Journey home will be easier – Paul Hegarty Facebook Donegal farmers to be hit with no knackery collections next week Donegal farmers will be affected by a lack of knackery services next week. Knackery owners have voted unanimously to not collect fallen animals from Wednesday, as talks with the Department of Agriculture on a new fallen animal scheme remain in deadlock.Farmers can still deliver fallen animals to knackeries, but the Animal Collectors’ Association has warned that, unless a package is put in place, there will be full closure of knackery services.Deputy News Editor with the Irish Farmers Journal, Amy Forde says it is hoped the issue will be resolved in the near future:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2020/02/AMYKNOACKERY1PM.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Twitter News, Sport and Obituaries on Monday May 24thlast_img read more

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