Nielsen prices IPO up on high demand

first_img whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Share Nielsen prices IPO up on high demand Tags: NULL TELEVISION ratings firm Nielsen priced its $1.6bn (£1bn) initial public offering above the expected range yesterday on the back of higher demand.Private-equity owned Nielsen sold 71.4m shares for $23 each, above the planned price of $20 to $22, as well as $250m worth of subordinated bonds. All the proceeds are expected to go towards cutting Nielsen’s $8.6bn debt pile. The ambitious IPO is the first major New York listing of 2011 and the biggest private equity IPO since Spirit AeroSystem’s $1.65bn offering in 2006. Nielsen was bought out for $10m in 2006 by a consortium of firms that included Carlyle, Blackstone and KKR among others. JPMorgan and Morgan Stanley were lead underwriters for the deal. center_img Tuesday 25 January 2011 9:32 pm Show Comments ▼ KCS-content whatsapplast_img read more

Trans-Century Limited (TCL.ke) 2014 Annual Report

first_imgTrans-Century Limited (TCL.ke) listed on the Nairobi Securities Exchange under the Investment sector has released it’s 2014 annual report.For more information about Trans-Century Limited (TCL.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the Trans-Century Limited (TCL.ke) company page on AfricanFinancials.Document: Trans-Century Limited (TCL.ke)  2014 annual report.Company ProfileTrans-Century Limited is an infrastructure company offering services and expertise in power infrastructure, infrastructure projects and engineering infrastructure. Power infrastructure includes manufacturing electrical cables, overhead conductors, power and control cables, data and communication cables, instrumentation and control cables, mining cables, transformers and switchgear. Infrastructure projects include critical energy and transport infrastructure which supports key pillars of the domestic and export economy. Engineering infrastructure includes providing services for mechanical engineering, civil engineering, transport and logistics and craneage and erection services. Trans-Century Limited has operating divisions in 14 countries in East, Central and Southern Africa. The company was established in 1997 by a group of leading Kenya professionals and investors looking to invest in growth sectors in Africa. Its head office is based in Nairobi, Kenya. Trans-Century Limited is listed on the Nairobi Securities Exchangelast_img read more

Is the DS Smith share price too cheap to ignore?

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. Is the DS Smith share price too cheap to ignore? Image source: Getty Images 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. David Barnes owns shares in DS Smith. The Motley Fool UK has recommended DS Smith. 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. Simply click below to discover how you can take advantage of this. Enter Your Email Address 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.center_img David Barnes | Monday, 27th July, 2020 | More on: SMDS “This Stock Could Be Like Buying Amazon in 1997” 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! FTSE 100 constituent DS Smith (LSE: SMDS) is a specialist packaging company. The firm produces paper and corrugated cardboard boxes that have been in high demand for deliveries over the past few months.But the DS Smith share price has struggled. It has fallen 30% from its year high and the company now trades on a trailing price-to-earnings ratio of just over 8. Why is a company, seemingly in demand, struggling, and does this lower share price offer a good entry point for an investment?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 DS Smith share price is inherently cyclicalThere is a correlation between the DS Smith share price and the state of the global economy.The coronavirus has resulted in far less demand from industrial customers, and this translates to fewer packaging products and ultimately lower prices.DS Smith’s fortunes are also tied to the price of the raw materials it uses. The low price of paper has also hit the group’s North American paper manufacturing and export businesses. In an effort to make itself a less cyclical company, the firm is aiming to produce less of its own paper. It currently manufactures about 80% of the paper it needs but is targeting to reduce this to 60%.You might think this outsourcing would increase costs. But it means that when the economy is struggling it gets the raw materials cheaper. When times are good, it makes less profit. The aim is to even out earnings.DS Smith has been resilient through the pandemic. In July financials, revenue fell just 2% and basic earnings per share actually increased 7%. But the firm is clearly looking to the future and foresees a difficult time ahead for the economy.The company announced it was cancelling the interim dividend and wouldn’t be paying a final dividend to preserve cash. While probably prudent, the DS Smith share price dropped 7% on the day.I think the future is brightAs you might imagine, corrugated box volumes have been strong particularly in Europe through the pandemic. E-commerce sales are exploding and that is only good news for this packaging specialist. In addition, 70% of business volume for DS Smith is through consumer goods and groceries and these sectors typically weather an economic storm well.  The firm is also on trend in terms of reducing its environmental impact. It is increasing its use of recycled materials and disposing of its plastic packaging business. This sale helped to reduce debt, which had risen slightly higher than my liking following the acquisition of Europac last year (a French, Spanish, and Portuguese packing company).Historically we are looking at a company that has steadily grown operating profit for a number of years. And I see several long-term trends that will benefit the firm once the economy gets going again.In my view the DS Smith share price already factors in a very bumpy next 12 months. But after that, I foresee the dividend being reinstated. I think we will then once again be looking at a fantastic income and growth company. I’d buy now while the share price is low. See all posts by David Barneslast_img read more

Fort Worth diocese calls Rayford High as its provisional bishop

first_img Rector Tampa, FL Submit an Event Listing Tags Assistant/Associate Rector Washington, DC Rector Collierville, TN Bishop Elections, 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 Rector Albany, NY This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Episcopal Church releases new prayer book translations into Spanish and French, solicits feedback Episcopal Church Office of Public Affairs Director of Administration & Finance Atlanta, GA Priest-in-Charge Lebanon, OH Curate Diocese of Nebraska Rector (FT or PT) Indian River, MI Bishop Diocesan Springfield, IL Rector Martinsville, VA Fort Worth diocese calls Rayford High as its provisional bishop The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Rector Pittsburgh, PA Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Curate (Associate & Priest-in-Charge) Traverse City, MI Rector Shreveport, LA Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Youth Minister Lorton, VA 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 By ENS staffPosted Sep 19, 2012 Press Release Service Director of Music Morristown, NJ Featured Jobs & Calls Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Associate Rector for Family Ministries Anchorage, AK Assistant/Associate Priest Scottsdale, AZ center_img People Canon for Family Ministry Jackson, MS Course Director Jerusalem, Israel Virtual Episcopal Latino Ministry Competency Course Online Course Aug. 9-13 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 Rector Belleville, IL Rector/Priest in Charge (PT) Lisbon, ME Featured Events Assistant/Associate Rector Morristown, NJ Cathedral Dean Boise, ID An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Priest Associate or Director of Adult Ministries Greenville, SC Submit a Job Listing An Evening with Aliya Cycon Playing the Oud Lancaster, PA (and streaming online) July 3 @ 7 p.m. ET Family Ministry Coordinator Baton Rouge, LA Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Rector Hopkinsville, KY Rector Bath, NC Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Missioner for Disaster Resilience Sacramento, CA House of Bishops, Associate Rector Columbus, GA Rector Washington, DC Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Rector Smithfield, NC Rector Knoxville, TN Submit a Press Release The Rt. Rev. Rayford High has been called to serve as the next provisional bishop of the Diocese of Fort Worth. Photo/Diocese of Texas[Episcopal News Service] The Standing Committee of the Episcopal Diocese of Fort Worth has called the Rt. Rev. Rayford High, recently retired bishop suffragan of the Episcopal Diocese of Texas, to serve as its next provisional bishop. Clergy and laity attending the 30th Diocesan Convention Nov. 3 in Stephenville, Texas, will vote on the recommendation.If elected, High will succeed the Rt. Rev. C. Wallis Ohl, who has served as provisional bishop since November 2009.“I am deeply honored and humbled by the fact that the Episcopal Diocese of Fort Worth would ask me to be their provisional bishop,” said High, who served as bishop suffragan of the Texas diocese from 2003-2011. “I am thrilled and I am excited about it and I look forward to working with [the] laity and clergy of the diocese.”Before his election as bishop, High, 71, served the Texas diocese as canon for pastoral ministries and liaison to St. Luke’s Episcopal Hospital in Houston. His 32 years of parish ministry culminated in his service as rector of St. Paul’s Episcopal Church in Waco. He represented the Texas diocese as a deputy at General Convention on eight occasions and was named Waco humanitarian of the year.A native of Houston, High graduated from Sewanee: The University of the South in Tennessee and Episcopal Theological School in Cambridge, Massachusetts.High and his wife Pat have been married for 42 years. They have three children and six grandchildren.The continuing Episcopal Diocese of Fort Worth has been reorganizing since November 2008 when a majority of former clergy and lay leaders voted to leave the Episcopal Church. The diocese currently includes 20 active parishes with many more in the process of reorganization. Associate Priest for Pastoral Care New York, NY 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 Rector and Chaplain Eugene, ORlast_img read more

Opeti Fonua smashes through Chris Masoe in 2010

first_imgTuesday May 7, 2013 Opeti Fonua smashes through Chris Masoe in 2010 After seeing what Tongan born Agen giant Opeti Fonua did to Jonny Wilkinson at the weekend, a follower on Twitter reminded us that a few years ago he did something similar to former All Black Chris Masoe. For some reason we didn’t post that on the site at the time, so here it is.As with his recent exploits, Fonua demonstrated that – despite him looking a bit slimmer in this clip – no matter who you are, you will often be shown up if you go too high on a big man.Masoe is a player of serious pedigree and considerable bulk, but he got this one wrong, allowing the Tongan Tank to smash him out the road.ADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Big Hits & Dirty Play Related Articles 25 WEEKS AGO Suspensions handed down after testicle grabbing… 26 WEEKS AGO The ‘double ruffle’ splits opinion with fans… 26 WEEKS AGO WATCH: The nastiest and most brutal moments… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyWrinkle 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

Howard Foundation offer community grants

first_img Howard Lake | 15 August 2006 | News Howard Foundation offer community grants The Katharine Howard Foundation is inviting applications in support of community projects and initiatives, with a grant deadline of 29th September. The Foundation was established in 1979 by Katharine Howard and is operated through a voluntary Board of Trustees and small support staff.The Foundation supports organisations and projects related to work in disadvantaged areas throughout Ireland, with Co. Wexford and South Wicklow (where the late Miss Howard lived) given particular consideration.The Trustees are keen to support the formation and development of community groups by those who live in the area, especially where this will lead to building co-operation and community spirit at a local level. KHF concentrates on giving a small grant to projects where it will make an impact and the Foundation therefore looks favourably towards start-up projects and to those that might be co-funded from other sources. Advertisement AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis  26 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThiscenter_img Tagged with: Ireland Funding for research studies that aim to produce positive recommendations for improving the quality of life of disadvantaged sections of the community will also be considered through the General Grant applications. The Foundation is particularly interested in co-funding action research projects that link to early intervention and family support in disadvantaged areas.Applications will be considered for Projects supporting:— Families— Children and young people— People with disabilities— Older people— Refugee and asylum seekersGrants are normally in the range of euro 500 – 2,500. 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.last_img read more

Income of Armed Forces charities soars over five-year period, CAF research finds

first_img  165 total views,  3 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis5 Income of Armed Forces charities soars over five-year period, CAF research finds Tagged with: Armed Forces Charities Aid Foundation Research / statistics AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis5 CAF analysed the data ahead of Armed Forces Day this Saturday, 29 June by examining annual returns submitted to the Charity Commission from more than 1,100 charities.Susan Pinkney, Head of Research at CAF, said the increasing popularity of Armed Forces charities may be linked to the moving and widespread commemorations of the Great War.She said:“Armed Forces charities do vital work supporting troops, veterans and their loved ones. It’s quite possible that with the four-year-long centenary commemorations of the First World War, the work of these charities received more well-deserved attention and resulted in an increase in donations. This level of giving once again demonstrates the positive impact of charitable giving across the UK.”However, the figures show that the surge in incomes for these charities was confined to a select few high profile organisations, such as Blind Veterans UK and the Royal British Legion. The median income for an armed forces charity fell by 4% between 2013 and 2017, whilst the largest 10 charities saw their combined income grow by 27%, equivalent to a boost of £70m. Melanie May | 28 June 2019 | News Image: Armed Forces Day, Colchester.  164 total views,  2 views today Figures from Charities Aid Foundation have revealed a significant increase in the income of Armed Forces charities over the past five years.Armed Forces charities in England and Wales brought in £5.2 billion in income between 2013 and 2017 with legacy income also growing significantly: by 45% to £98 million over the same time.According to CAF‘s figures, the charities benefitted from a boost in donations as well as investments and earned incomes. The income for 2017, the last year for which details are available, was £1.1 billion – up 16% compared to 2013. Advertisement About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com.last_img read more

Military authorities use all means possible to prevent coverage of current events

first_img News US journalist held in Yangon prison notorious for torture Help by sharing this information Organisation to go further News August 28, 2007 – Updated on January 20, 2016 Military authorities use all means possible to prevent coverage of current events MyanmarAsia – Pacific News Follow the news on Myanmar May 12, 2021 Find out morecenter_img MyanmarAsia – Pacific RSF_en Thai premier, UN rapporteurs asked to prevent journalists being returned to Myanmar Receive email alerts RSF asks Germany to let Myanmar journalist Mratt Kyaw Thu apply for asylum May 26, 2021 Find out more May 31, 2021 Find out more News Reporters Without Borders and the Burma Media Association firmly condemn the methods being used by the military government to prevent journalists, including those working for foreign media, from covering a wave of unrest in response to an increase in the price of fuel. The two organisations call on European embassies in Rangoon to publicly defend the right of Burmese journalists to work without obstruction.“The military’s response to the wave of protests against price increases since 19 August has again been heavy-handed repression, intimidation and censorship of Burmese journalists,” the two organisations said. “Despite the violence by the military and their bully-boys, reports and pictures of the demonstrations are being seen abroad. This testifies to the courage of the Burmese journalists and demonstrators.”The censorship bureau and the police stepped up controls after the government decided to raise the price of fuel on 15 August.The Burmese correspondents of foreign news media say they been subjected to a great deal of intimidation from plain-clothes police and members of the Union Solidarity and Development Association (the regime’s militia) while covering the recent demonstrations in Rangoon. Armed with spades and iron bars and circulating in army trucks, police and militiamen have been insulting and threatening journalists. An unidentified journalist was roughed up by men in plain clothes as he took pictures of people lining up to take public transport in the capital on 22 August. USDA members and police prevented journalists from approaching a group of street demonstrators in Rangoon the next day. USDA thugs jostled and insulted journalists. A Reuters reporter was forbidden to take pictures of arrests and the police finally seized his cameras.As a result of this intimidation, Agence France-Presse has described coverage of the current events as “delicate.” A journalist working for a foreign news organisation based in Bangkok told Reporters Without Borders that its Burmese stringer had been forced to stay away from the demonstrations because of the constant intimidation. “Men in plain clothes impose an atmosphere of fear around the demonstrations which prevents us from working,” said one Burmese journalist employed by a foreign news organisation. “It is hard to risk being arrested for a photo.”The Rangoon military command has banned journalists from taking photos of demonstrations and has ordered the seizure and destruction of cameras from those who do not comply. In order to hamper the dissemination of reports, the authorities are said to have slowed Internet traffic, even for private companies. According to some accounts, it has become increasingly difficult to access gmail.com and gtalk. Mobile phone networks have also been disrupted since demonstrators began gathering every day in Rangoon last week.Lots of the images and reports of the demonstrations seen abroad have come from demonstrators or amateur journalists. The magazine Irrawaddy has paid homage to them and is talking of the emergence of “citizen-journalists” in Burma.After banning the Burmese media from publishing any reports about the demonstrations, the government announced that their leaders, known as the Generation 88 activists, will be prosecuted for trying to start an uprising. They face up to 20 years in prison. After a 10-day news blackout, the media have also been told they can now refer to the fuel price increase, albeit only in positive terms.last_img read more

Donation From Guruvayoor Devaswom Funds To Chief Minister’s Distress Relief Fund Illegal : Kerala High Court

first_imgNews UpdatesDonation From Guruvayoor Devaswom Funds To Chief Minister’s Distress Relief Fund Illegal : Kerala High Court LIVELAW NEWS NETWORK18 Dec 2020 8:13 AMShare This – x’All the properties, including movable and immovable properties and money, dedicated to or endowed in the name of Lord Guruvayurappan or any property acquired in any manner by Guruvayur Devaswom shall vest in the idol of Lord Guruvayurappan, consecrated in Sree Krishna Temple, Guruvayur.The Kerala High Court has held that the Guruvayoor Devaswom Managing Committee has no authority to contribute any amount from the Devaswom Funds to Chief Minister’s Distress Relief Fund or to any other Governmental agency.All the properties, including movable and immovable properties and money, dedicated to or endowed in the name of Lord Guruvayurappan or any property acquired in any manner…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 Kerala High Court has held that the Guruvayoor Devaswom Managing Committee has no authority to contribute any amount from the Devaswom Funds to Chief Minister’s Distress Relief Fund or to any other Governmental agency.All the properties, including movable and immovable properties and money, dedicated to or endowed in the name of Lord Guruvayurappan or any property acquired in any manner by Guruvayur Devaswom shall vest in the idol of Lord Guruvayurappan, consecrated in Sree Krishna Temple, Guruvayur, a full bench comprising of Justices A. Hariprasad, Anu Sivaraman and MR Anitha overruling a judgment delivered last year which had upheld the donation of Rs. 5 crore made during the 2019 floodsReferenceThe court was answering a reference from the Division bench whether the Managing Committee of the Guruvayoor Temple can make donations for non-religious purposes, before the Chief Justice for consideration by a larger bench.A division bench of Justice Shaji P. Chaly and Justice MR Anitha had earlier referred PILs filed by Hindu devotees against the donation of an amount of Rs. 5 crores made by the Committee of the Guruvayoor Devaswom to the Chief Minister’s Distress Relief Fund, on May 5, 2020, in view of the COVID-19 situation. The bench had doubted the judgment in Anil V. v. State of Kerala & Ors., WP (C) No. 19035/2019, which had upheld the donation of Rs. 5 crore made during the 2019 floods. It had noted the judgment in CK Rajan v. State AIR 1994 Kerala 179, in which it was held that notwithstanding that donation worth Rs. 5 lakh was made to the CM’s Distress Relief Fund for “laudable purposes”, the same was unauthorized as Section 27 of the Act does not authorize the Managing Committee to make such payments.The following are some of the observations made in the full bench judgment”We hardly find any legal reason to hold that the authority conferred on G.D.M.C. to provide medical relief, water supply and sanitary arrangements under Section 27(c) could be exercised in such a macro-level to cover the entire State or even beyond the State boundary. As pointed out earlier, pilgrims throng Guruvayur Temple from various parts of the country. Likewise, Lord Guruvayurappan is worshipped by hundreds of thousands outside the State too. Is it intended or possible to provide help to all such worshippers and pilgrims in case of any natural calamity affecting them happens elsewhere in the country In our view, the answer is an emphatic negative. If the argument raised by the learned counsel for the respondents that the Devaswom funds can be utilized for providing medical relief, water supply and sanitary arrangements to the worshippers and pilgrims anywhere in the State is accepted, it will lead to absurd results. There will be no legal logic for denying medical aid, water supply and sanitary arrangements to the worshippers and pilgrims staying outside the territorial limits of the State, if they also face such an alarming situation Moreover, it is an admitted case that the Devaswom provides medical relief by running a hospital at Guruvayur. Further, they provide water supply sanitary arrangements and accommodation facility to the worshippers and pilgrims. “We do not intend to limit G.D.M.CS authority, rather obligation to provide medical reef, water supply and sanitary arrangements in the close proximity of the Temple premises alone. However, it shall be done at any place within a reasonable distance with a view to benefit the worshippers and pilgrims. By any stretch of the imagination we find no legal reason to read and understand the expressions medical relief. water supply and sanitary arrangements to the worshippers and pilgrims occurring in Section 27(c) in an expansive sense to cover the entire State. Moreover, nowhere in the impugned decisions or proceedings there mention about G.D.M.C. or Commissioner applying their mind regarding the predicament of the worshippers or pilgrims at the time of taking the decision to give away amounts from the Devaswom funds”The conclusions made by the bench are as follows :1) All the properties, including movable and immovable properties and money, dedicated to or endowed in the name of Lord Guruvayurappan or any property acquired in any manner by Guruvayur Devaswom shall vest in the idol of Lord Guruvayurappan, consecrated in Sree Krishna Temple, Guruvayur.2) Guravoyoor Devaswom Management Committee(G.D.M.C) constituted under Section 3 of the Guravayoor Devaswom Act of 1978 is legally bound to administer, control and manage all the properties belonging to Guruvayur Devaswom in accordance with the provisions of the said Act. The Administrator and the Commissioner shall also function in accordance with the provisions of the said Act. 3) The legal status of G.D.M.C. constituted under Section 3 of the Act of 1978 is that of a trustee in management of the Devaswom properties and the Committee is duty bound to scrupulously follow the stipulations contained in the Act of 1978. Unless a contrary intention, either expressly or by necessary implication, arises from the provisions of the statute in any particular subject or context, G.D.M.C. is legally bound to administer and manage the Devaswom and its properties in accordance with the settled legal principles relating to the administration of Hindu Religious Trusts.4) G.D.M.C., being the trustee in management of Devaswom properties, is legally bound to perform its duties with utmost care and caution. In view of the settled legal principles that the trustees cannot delegate their powers and duties to any other person, we hold that G.D.M.C. cannot delegate its powers, functions and duties under the Act of 1978 to the State Government or any other entity.5) None of the provisions in the Act of 1978, including Section 27, authorises G.D.M.C. or the Administrator or the Commissioner to contribute or part with or give away in any manner any amount from the funds belonging to Guruvayur Devaswom, either to C.M.D.R.F. or to any other Governmental agency, for any purpose specified under the Act of 1978, including Section 27 of the Act, since it is the non-negotiable obligation of G.D.M.C., as a trustee, to perform the duties and obligations enumerated therein all by itself or, in an exigency, directly under its supervision and control through other means.6) Section 27(c) of the Act of 1978 relating to medical relief, water supply and other sanitary arrangements for the worshippers and pilgrims cannot be read and understood detached from that part in the clause relating to the construction of buildings for the accommodation of worshippers and pilgrims. Scope of Section 27(c) cannot be widened so as to provide medical relief, water supply and other sanitary arrangements as contemplated under the impugned decisions/orders.7) View adopted by the Division Bench in W.P.(C) No. 19035 of 2019 on Section 27 of the Act of 1978 is legally unsound and unsustainable. We overrule the decision.After answering the reference, the full bench send back the writ petitions to the regular bench.Case: Bijesh Kumar M. v. State of Kerala & Ors. [WP (C) No. 20495/2019] Read Judgment https://www.livelaw.in/news-updates/can-a-temple-committee-make-donations-to-a-non-religious-purpose-kerala-hc-refers-to-larger-bench-the-plea-against-donation-of-guruvayoor-devaswom-to-cm-relied-fund-156582Next Storylast_img read more

SC/ST Reservations Can’t Be Taken Away By Invoking Technicalities Forgetting The Hardships faced By Them In Accomplishing Literacy And Awareness: Delhi High Court

first_imgNews UpdatesSC/ST Reservations Can’t Be Taken Away By Invoking Technicalities Forgetting The Hardships faced By Them In Accomplishing Literacy And Awareness: Delhi High Court Akshita Saxena5 Jan 2021 5:51 AMShare This – x”The very fact that members of the STs have been granted certain reservations/relaxations, not only legislatively but also constitutionally, shows the need therefor. The said need has to be fulfilled, not only by providing reservations/relaxations but also by providing relaxations in implementing the said reservations and benefits conferred on the STs. The reasons and objective of…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?Login”The very fact that members of the STs have been granted certain reservations/relaxations, not only legislatively but also constitutionally, shows the need therefor. The said need has to be fulfilled, not only by providing reservations/relaxations but also by providing relaxations in implementing the said reservations and benefits conferred on the STs. The reasons and objective of providing such reservations/relaxations should not be lost sight of while implementing the reservations and relaxations,” observed the Delhi High Court recently. A Division Bench of Justices Rajiv Sahai Endlaw and Asha Menon emphasized that the authorities should not take technical objections while considering candidatures filed by people belonging to these communities. It observed, “The said reservations/relaxations are in admission of the disadvantages which the STs have suffered for generations and which disadvantages place them in a unequal position vis-a-vis other citizens. Such disadvantages extend to all parameters of day to day life, making it more difficult than for others. The said reservations/relaxations cannot be given by one hand and taken away by another, invoking technicalities, forgetting the hardship and difficulties faced by such members in accomplishing smallest of the things, including of literacy and awareness.” The remarks were made while hearing a writ petition filed by Lekhraj Meena, a Police-forces aspirant from Rajasthan, belonging to the reserved category. Background It was the Petitioner’s case that though he had applied for the SSC examination under the SC category and had passed the examination with flying colours, he was unable to qualify the Physical Efficiency Test (PET) conducted in Delhi, for the reason that he had not filled up the form of certificate for height relaxation. It was submitted that the Presiding Officer of the PET Board granted 5 days’ time to the Petitioner to submit the requisite form of certificate for height relaxation, after obtaining certification from the competent authorities of the district where the petitioner ordinarily resides (Karauli, Rajasthan). However, the same could not be submitted on time and the Presiding Officer refused to accept his certificate after five days. The Petitioner submitted that the delay beyond the stipulated five days was for reasons beyond his control and due to hurdles created by the ongoing Farmers’ Protest and Municipal Elections held in Rajasthan. Findings Taking note of these submissions, the Court held the default by the petitioner in submitting the certificate for height relaxation, though he submitted a caste certificate of belonging to the ST, cannot be enforced pedantically, forgetting the very purpose of granting the reservations. The Court also judicial notice of the ongoing Farmers’ Protest around NCR to ensure that none is deprived of due owing thereto, and directed the concerned authorities to consider the Petitioner’s application along with height relaxation certificate. Case Title: Lekhraj Meena v. Union of India & Ors. Click Here To Download Order Read OrderSubscribe 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