whatsapp Tags: NULL KCS-content Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Tuesday 21 September 2010 8:23 pm whatsapp Sportingbet fined $33m in US Share Sportingbet, a British online gambling company, has agreed to pay $33m (£21m) to avoid being prosecuted over an alleged illegal gambling operation in the US.US attorney Preet Bharara agreed not to charge Sportingbet after saying it broke US law by offering betting on sports events and casino games between 1998 and 2006.Barry Slotnick, a lawyer for Sportingbet, said the decision was a “good resolution for all”. He added: “It has been three-and-a-half years of hostility, anger and ultimate negotiation. We have reached what we believe to be an extremely fair resolution that benefits the company and its shareholders.”Sportingbet fell foul of a US law that effectively bans internet gaming. The US Department of Justice said Sportingbet deliberately used payment processing methods that were designed to deceive credit card issuers, which bar the use of their cards for internet gambling, and took steps to mask payments of winnings to customers.Sportingbet had agreed to cooperate with the government probe, and made employees available for interviews.Shares in the firm leapt 16 per cent yesterday as investors gambled on takeover offer now the case is effectively over.Further consolidation in the gaming industry is expected in the wake of the recent $3.3bn tie up between rival PartyGaming and Austria’s Bwin.Analysts at Altium Securities said: “With the removal of this major regulatory concern, we view Sportingbet as an ideal takeover target,” adding the fine was at the bottom end of their estimate.
Chellarams Plc (CHELLA.ng) listed on the Nigerian Stock Exchange under the Industrial holding sector has released it’s 2007 annual report.For more information about Chellarams Plc (CHELLA.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Chellarams Plc (CHELLA.ng) company page on AfricanFinancials.Document: Chellarams Plc (CHELLA.ng) 2007 annual report.Company ProfileChellarams Plc is an investment holding company in Nigeria with business interests in manufacturing, retail, distribution, marketing and power generation. The company has been in operation for almost 90 years and is a leader in its field of manufacturing and distributing industrial raw materials and consumer goods. Its product portfolio ranges from industrial chemicals and machinery to ingredients for food manufacturers, frozen foods, bicycles and electronics. Chellarams Plc operates through three subsidiary companies: Chelltek Industries Limited, Dynamic Industries Limited and United Technical & Allied Services Limited. It is in a joint partnership with American Express Travel Services, Devyani International (Nigeria) Limited, Isolo Power Gen Limited and Woolworths Retail Stores Limited. The company’s head office is in Lagos, Nigeria. Chellarams Plc is listed on the Nigerian Stock Exchange
First Mutual Holdings Limited (FMHL.zw) listed on the Zimbabwe Stock Exchange under the Insurance sector has released it’s 2020 abridged results.For more information about First Mutual Holdings Limited reports, abridged reports, interim earnings results and earnings presentations visit the First Mutual Holdings Limited company page on AfricanFinancials.Indicative Share Trading LiquidityThe total indicative share trading liquidity for First Mutual Holdings Limited (FMHL.zw) in the past 12 months, as of 5th May 2021, is US$20.27M (ZWL1.73B). An average of US$1.69M (ZWL144.01M) per month.First Mutual Holdings Limited Abridged Results DocumentCompany ProfileThe Group has more than a hundred years of serving Zimbabwe by provision of economic dignity though its strategic business units. We have diverse interests in life assurance, health insurance, short term insurance; short term re-insurance; long term re-insurance; wealth management, property sector, funeral services and microfinance housed under the following subsidiaries; First Mutual Life, First Mutual Health, NicozDiamond Insurance, First Mutual Reinsurance, FMRE Property & Casualty (Botswana), First Mutual Wealth Management, First Mutual Properties, First Mutual Funeral Services and First Mutual Microfinance. First Mutual Holdings Limited is listed on the Zimbabwe Stock Exchange.
A cheap growth stock I’d buy to beat the Glencore share price today 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 Enter Your Email Address Alan Oscroft 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. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! 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. Alan Oscroft | Tuesday, 18th February, 2020 | More on: GLEN PAF I think Pan African Resources (LSE: PAF) has attractive growth prospects, but its share price has had a turbulent five years. Still, since a low in May 2018, the gold producer’s shares are up 84%. And interim results pushed the price up 3.5% on Tuesday.Speaking of the six months to 31 December, CEO Cobus Loots said: “Our business strategy of delivering safe, sustainable and high-margin gold production has yielded improved operational, financial and safety results for the six months ended 31 December 2019.”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 firm sold 90,602 ounces of gold in the period, up 13.6%, and is targeting 185,000 ounces for the full year.GoldProduction costs have risen and will need to be watched. But in the half, its Elikhulu resource recorded an all-in sustaining cost (AISC) of $708 per ounce, with AISC at the Barberton Tailings Retreatment Plant coming in at $643 per ounce. Pan African says full-year production should be at an AISC of below $1,000 per ounce, though if it gets close to that level I might get a bit concerned.Pan African shares are on P/E multiples of only around five, and dividends are forecast to ramp up to yield 5.4% by 2021. That looks cheap, but the cyclical nature of the gold business, plus the small market-cap (of approx £240m), both add risk for Pan African. The Pan African share price is likely to be driven by the price of gold, but I can’t help feeling that’s likely to be reasonably buoyant for the next few years. Gold is currently at $1,580 per ounce, and it’s been above $1,200 since September 2018.I’m seeing a good safety margin there, and I reckon Pan African Resources shares are undervalued.Cheap?Glencore (LSE: GLEN), meanwhile, has seen its shares fall 40% since a high in January 2018, after suffering a couple of years of falling earnings. And the price dipped 3.5% Tuesday, after the mining giant reported a 26% fall in adjusted EBITDA for the 2019 year just ended. Cash generated by operating activities dipped 22% to $10.3bn.Net debt grew 19% to $17.6bn, above the top end of the firm’s $10bn-$16bn target range. There’s now a net debt to adjusted EBITDA ratio of 1.51, which is perhaps within reasonable bounds. But I really wouldn’t like to see it getting much above that.It’s mostly down to weakening commodity prices. But CEO Ivan Glasenberg also spoke of “prolonged and uncertain trade deal negotiations” as also impacting the firm’s performance.CoalInvestors will presumably have had mixed reactions to Glencore’s statement on carbon emissions on the same day too. The company plans to reduce emissions by 30% by 2035, and says that “includes natural depletion of our oil and coal resource base over time.” That might be good for the planet, but a reduction in coal and oil income streams will surely hit the bottom line.This may all sound a bit gloomy, but it was largely expected, and it’s really giving me mixed messages regarding the share price. On the one hand, dividend yields of close to 6% look very attractive, and I quite like the mining business for its long-term income potential.But against that, Glencore could be in a bit of a down cycle in a very cyclical business. And I fear a couple of tough economic years ahead. Right now, a forward P/E of 13.7 doesn’t provide enough safety margin for me. Simply click below to discover how you can take advantage of this. See all posts by Alan Oscroft “This Stock Could Be Like Buying Amazon in 1997” Image source: Getty Images.
ArchDaily Photographs M+E Consultant: ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/794865/the-pool-house-re-format Clipboard “COPY” The Pool House / Re-FormatSave this projectSaveThe Pool House / Re-Format Manufacturers: TECU®, Artisans of Devizes, Sunvista CopyHouses•Haslemere, United Kingdom The Pool House / Re-Format “COPY” Save this picture!© Martin Gardner+ 20 Share Year: 2016 Blair Rains ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/794865/the-pool-house-re-format Clipboard Area: 250 m² Year Completion year of this architecture project Architects: Re-Format Area Area of this architecture project Structural Engineer: United Kingdom Products used in this ProjectMetal PanelsTECU®Copper Surface – OxidPool Consultant:Pool ArchitectureCity:HaslemereCountry:United KingdomMore SpecsLess SpecsSave this picture!© Martin GardnerText description provided by the architects. The mature and secluded site is located in Haslemere on the edge of the Surrey Hills, enjoying stunning, long ranging views towards the South Downs and beyond.Save this picture!Exploded IsometricThe client’s brief was for a detached ancillary building to the existing house, to provide an indoor pool and spa, gym, bicycle workshop and glasshouse. Above all the building had to be beautiful, finely crafted at every detail using the highest quality materials. The Pool House needed to function effortlessly in a variety of environments, whether for a relaxing solitary swim or a family pool party for 30.Save this picture!© Martin GardnerIt was important for the building to integrate seamlessly within the sensitive site, to complement its surroundings and in particular build a positive relationship with the main house in terms of scale, form and appearance. The Pool House takes a low slung form to satisfy planning constraints, and is set on a simple alignment to the main house, creating a dialogue, and generating a more complete arrival space.Save this picture!© Martin GardnerThe existing corner of the site was underused despite occupying a prominent position on the entrance to the house. A simple wrapping stone wall was used to re-orientate this part of the garden and set up a dialogue with the existing house. The stone wall terminates with a new greenhouse, with a picture window creating a viewing shelf in the greenhouse, a request from the client to be able to see in from the kitchen window of the main house.Save this picture!DiagramThe design has been conceived as a simple copper pitched roof form with adjoining servant spaces in a low sedum-roofed element, all contained by a continuous wrapping drystone wall. The contemporary design uses rich natural materials which create a warm and submissive palette (copper, limestone, oak) harmonising with the local vernacular. Generous sliding glass panels provide a connection to the gardens and glimpses of countryside beyond; expansive roof glazing floods the pool with daylight and views of the sky.Save this picture!© Martin GardnerRe-Format’s approach to the project was to adhere to a process of clarity – a balance of creativity and rational thinking. Creative design that required rigorous analysis and attention to detail that grew out of the constraints of the site and specifics of the brief. Save this picture!© Martin GardnerProject gallerySee allShow less12 Projects Announced as Winners of 2016 AIA Education Facility Design AwardsArchitecture NewsOMA & Bengler Present PANDA, An Investigation of the Share Economy at the 2016 Oslo …Exhibition Share Projects Buxton Associates Houses Photographs: Martin Gardner Manufacturers Brands with products used in this architecture project Products translation missing: en-US.post.svg.material_description CopyAbout this officeRe-FormatOfficeFollowProductStone#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesHaslemereEnglandUnited KingdomPublished on September 09, 2016Cite: “The Pool House / Re-Format” 09 Sep 2016. ArchDaily. Accessed 11 Jun 2021.
PLEASE CIRCULATE WIDELY! SIGN THE STATEMENT HERE —–> nowaronvenezuela.orgSupport No U.S. War on Venezuela National Actions on Saturday, February 23 — one-month anniversary of the U.S.-attempted coup.We cannot be silent in the face of the latest U.S. aggression against the Venezuelan people.Nicolás Maduro is the president of the Bolivarian Republic of Venezuela, chosen twice by the people as part of internationally observed electoral processes. Since the 1998 election of Hugo Chávez, the United States has been relentless in its pursuit of regime change in Venezuela. With Donald Trump in the White House, these efforts have escalated to threats of all-out military violence, the plundering of billions of dollars in wealth from the Venezuelan people and the global media’s pushing a multitude of outrageous lies.For hundreds of years, the U.S. has waged war against the people of the world through coups, invasions and economic warfare. Juan Guaidó is a U.S. puppet. He is not a representative of the Venezuelan people. The idea that a person can swear themself in as president at a rally in the interest of “defending democracy” is laughable. The right wing in Venezuela claim the Bolivarian elections are rigged because they refuse to participate in them. Instead they engage in voter intimidation using violence reminiscent of Jim Crow terrorism against African Americans in the deep U.S. South.U.S.-led sanctions and currency manipulation are responsible for the suffering in Venezuela. Sen. Marco Rubio and right-wing media guide the Venezuelan opposition from Miami. The U.S. cannot stand for any country in the world to enjoy its natural wealth or the fruits of its labor independent of Wall Street and the Pentagon. Venezuela has the largest proven oil reserves in the world and is rich in gold and other mineral wealth. National Security Advisor John Bolton, architect of the Iraq war, said that regime change in Venezuela would be a tremendous opportunity to gain more profits for Wall Street. We believe him.Since the Bolivarian Revolution in 1998, massive strides have been taken to uplift the working class, Afro-Venezuelans and Indigenous populations in Venezuela. The working poor have made tremendous gains because the government implemented policies and passed laws to fight racism, sexism, homophobia and economic inequality. Despite sanctions and sabotage, Venezuela has maintained a transparent and democratic system through many elections. Venezuela provides aid to struggling people worldwide through subsidized fuel and by leading the way with progressive labor laws. Their gains are part of the global struggle waged by workers and the oppressed against the wealthiest and most powerful capitalists on the planet. Therefore, we demand:The U.S. immediately cease all hostile actions against the Bolivarian Republic of Venezuela: Lift all sanctions, stop backing a coup, cease efforts to destroy the Venezuelan economy and respect the right of the Venezuelan people to sovereignty and self-determination.All countries involved in the plunder of Venezuelan wealth immediately return what they have stolen to the democratically elected government of Venezuela and its people.Wall Street must immediately pay reparations to the Venezuelan people for their suffering under genocidal sanctions and currency manipulation.In the internationalist and liberatory spirit of Simón Bolívar, we pledge to mobilize and fight on the side of Venezuela’s right to sovereignty, understanding that the gains won under the Bolivarian Revolution are gains for all the world’s workers and oppressed.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this
SHARE By Andy Eubank – Dec 18, 2017 Previous articleBower Trading Market Strategy Report: Cash Grain Market Picking UpNext articleMorning Outlook Andy Eubank Monsanto Offering Incentives on XtendiMax and other Endorsed Herbicides Home Indiana Agriculture News Monsanto Offering Incentives on XtendiMax and other Endorsed Herbicides Facebook Twitter SHARE Facebook Twitter Monsanto-insentive-offerThe Roundup Ready Xtend Crop System is back for the 2018 season, and Monsanto is gearing up with a cash back incentive program and specific support for those customers who will be using the system, so it can be a safe and successful second year.Ryan Rubischko, product manager and marketing lead says they have learned a lot about the dicamba based product, and the support includes sharing all of the insights through training and education.“There’s a number of various things that we’ve learned in terms of best management practices as well as important highlights on our updated label for XtendiMax® with VaporGrip® Technology. As farmers know that’s our new low volatility dicamba that can be sprayed over the top of Roundup Ready Xtend soybeans,” he told HAT. “So, there will be a number of trainings going on in local areas and many are just beginning and will continue over the winter months so that applicators can attend those required trainings.”Monsanto also has a free nozzle offer and a toll free technical support call center.Ryan-Rubischko“It’s 1-844-RRXTEND and if applicators, farmers still have questions prior to making that application, they can call that number and we’ll have technical experts seven days a week during essentially daylight hours to be accessible to answer any questions they may have.”Soybean growers can earn the $6 per acre cash back when using XtendiMax® herbicide with VaporGrip® Technology. Rubischko explains why they’re doing that.“This offer is related to our Roundup Ready Plus program that has been available for roughly ten years now. It’s really an effort to ensure that farmers have successful weed management, and when they do that they’re using multiple sites of action. One of the ways through Roundup Ready Plus is we can encourage farmers to do the right things and incorporate things like Roundup along with XtendiMax as well as the importance of using residuals.”www.RoundupReadyPLUS.com is the website for information about qualifying herbicides and the cash-back incentive.From Monsanto Company: The featured offer allows soybean growers to earn an additional $6 more per acre in cash back when they apply XtendiMax® herbicide with VaporGrip® Technology, now a restricted use pesticide, to their Roundup Ready 2 Xtend soybeans along with endorsed herbicides from Roundup Ready PLUS® Crop Management Solutions. Incentives are also available when growers use XtendiMax with VaporGrip Technology with endorsed herbicides from Roundup Ready PLUS Crop Management Solutions on cotton with XtendFlex® Technology.Under the offer, participating farmers who plant Roundup Ready 2 Xtend soybeans can qualify for an additional $6 more per acre in incentives when they incorporate XtendiMax with VaporGrip Technology along with endorsed herbicides from Roundup Ready PLUS Crop Management Solutions. Cotton growers planting varieties containing XtendFlex Technology can qualify for an additional $5.50.Besides offering the cash back incentive from Roundup Ready PLUS Crop Management Solutions, Monsanto is also taking steps to support customers who use the Roundup Ready Xtend Crop System successfully in 2018, including: Expert Recommendations based on crop and region Education and Training to help growers stay up-to-date on important agronomic issues based on learnings from 2017 Cash-Back Incentives when growers use endorsed herbicides with multiple modes of action Free Spray Nozzles that are compliant with product label Technical Support Call Center (1-844-RRXTEND) to help applicators easily access information on best practices and application requirements Spray App for applicators to help them avoid problematic weather conditions to achieve on-target applications Free Roundup Ready Xtend Crop System Flags as a part of grower technology support“We believe cash-back incentives for using XtendiMax with VaporGrip Technology better enable growers to use a management system that represents the next level of weed control, with the added confidence of being backed by Monsanto’s training tools and toll-free help line,” said Rubischko.
NewsBreaking news60 Limerick jobs on the wayBy Bernie English – July 4, 2014 798 Twitter THERE are 60 new jobs on the way for the city and environs with Applegreen is to create 360 permanent jobs and 250 construction jobs as part of the company’s plans to extend its motorway network.Sign up for the weekly Limerick Post newsletter Sign Up Confirming the number of people it is expected will be employed at the service station at Birdhill, a spokeswoman for Applegreen said that the facility, which is already under construction, should open by October. Vanishing Ireland podcast documenting interviews with people over 70’s, looking for volunteers to share their stories TAGSbusinessfeaturedJobslimerick Email Limerick’s National Camogie League double header to be streamed live WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads by Bernie English [email protected] Linkedin Previous articleAerial Video Mural on the Ranks BuildingNext articleWorld’s biggest tag rugby festival kicks off in Limerick Bernie Englishhttp://www.limerickpost.ieBernie English has been working as a journalist in national and local media for more than thirty years. She worked as a staff journalist with the Irish Press and Evening Press before moving to Clare. She has worked as a freelance for all of the national newspaper titles and a staff journalist in Limerick, helping to launch the Limerick edition of The Evening Echo. Bernie was involved in the launch of The Clare People where she was responsible for business and industry news. Limerick Artist ‘Willzee’ releases new Music Video – “A Dream of Peace” Facebook Advertisement WhatsApp Predictions on the future of learning discussed at Limerick Lifelong Learning Festival RELATED ARTICLESMORE FROM AUTHOR Print Limerick Ladies National Football League opener to be streamed live
News UpdatesElectoral Bonds: No Public Interest In Disclosing Identities Of Donors & Donees, Says CIC Rejecting RTI Application LIVELAW NEWS NETWORK24 Dec 2020 12:01 AMShare This – xThe Central Information Commission on Monday held that disclosure of names of political parties to whom contributions are made under the electoral bonds and the donees thereof, is not in public interest. Information Commissioner Suresh Chandra also said that there does not appear to be any public interest of such importance that requires superseding of “right to privacy” of donors…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 Central Information Commission on Monday held that disclosure of names of political parties to whom contributions are made under the electoral bonds and the donees thereof, is not in public interest. Information Commissioner Suresh Chandra also said that there does not appear to be any public interest of such importance that requires superseding of “right to privacy” of donors and donees. The remarks were made while dismissing an appeal filed by activist Vihar Durve, inter alia seeking information from CPIO, SBI, about scheme donors and donees. “There appears to be no larger public interest overriding the right to privacy of the donors and donees concerned,” the Commission held. It further concurred with the Respondent-CPIO that the disclosure of the names of the donors and donees of electoral bonds from books of accounts may be in contravention of the provisions contained under section 8 (1) (e) and (j) of RTI Act. State Bank of India (SBI) was authorized to issue and encash Electoral Bonds during the XIII Phase of sale in January 2020. Durve had asked the Bank to disclose the details of Donor and Donee of Electoral Bonds from its books. The concerned CPIO however declined the request, stating that the names of donors being third party information and relating to their customers were held by the bank in fiduciary capacity. Therefore, the information was exempted under provisions of section 8 (1) (e) and (j) of RTI Act. The CPIO further referred to the Electoral Bond Scheme 2018 and as per the clause 7 (4) of the said scheme, the information furnished by the buyer shall be treated as confidential by the authorized bank (SBI) and shall not be disclosed to any authority for any purpose. The First Appellate Authority had also held that the information relating to electoral bonds issued to various political parties was held by the bank in fiduciary capacity and hence was denied to the appellant. Electoral bonds were introduced by amendments made through the Finance Act 2017 to the Reserve Bank of India Act 1934, Representation of Peoples Act 1951, Income Tax Act 1961 and Companies Act. On January 2, 2018, the Centre notified the scheme for electoral bonds, which are in the nature of bearer instruments like a Promissory Note capable of being purchased by an Indian citizen or a body incorporated in India. The bonds can be purchased from an authorized bank, and can be issued to a political party. The party can encash the bond within 15 days. The identity of the donor will be known only to the bank, which will be kept anonymous. The scheme has been challenged before the Supreme Court as an obscure funding system which is unchecked by any authority. The Central Government however defended the scheme and submitted that it will promote transparency in funding and donation received by political parties. Following this, the Top Court declined to stay the EB Scheme ahead of the 2019 General Elections. Durve had contended that SBI was supposed to uphold public interest and not the interest of political parties. He submitted that SBI was not in fiduciary capacity with any political party and hence had no legal duty to maximize the benefit of any public sector or private sector bank; as there was no relationship of “trust” between them. He submitted that denial of this information would affect transparency, accountability and efficient functioning of Enforcement Directorate.Don’t Remember Electoral Bond Issue, Says Gogoi When Asked About Delay In Hearing Notably, the Election Commission of India has already filed a counter-affidavit in the Supreme Court expressing its concerns about the anonymous nature of bonds. The ECI has described this a “retrograde step as far as transparency of donations is concerned” and called for its withdrawal. The Centre claims that the schemes will bring in more transparency in political funding. The anonymity of the scheme was intended to protect the privacy of the donor, stated the centre.After CJI Bobde assumed charge, the petitioners challenging the electoral bonds scheme filed an application for early hearing of the case, in the light of certain media reports that the electoral bonds were hurried by the government ignoring grave concerns raised by the Reserve Bank of India and the ECI.On January 2020, when the cases were finally listed(after April 2019), a bench headed by CJI Bobde adjourned them for two weeks.The cases have not been posted since then. Though the petitioners recently filed a fresh application for urgent posting in the wake of notification of the electoral bonds for the Bihar elections, the cases await listing. Click Here To Download Order Read OrderNext Story