Video PlayerClose UNITED NATIONS, Dec. 12 (Xinhua) -- An unprecedented humanitarian crisis sparked by escalating violence and insecurity is underway in Mali, and 3.9 million people currently need aid, a UN spokesman said Thursday. A total of 700,000 people in need of assistance and protection has increased since the beginning of the year, said Farhan Haq, deputy spokesman for the UN secretary-general. The number of internally displaced people in Mali has increased from around 80,000 to nearly 200,000 in one year, he said, adding more than half of them are children and women. Citing a recent food security report, Haq said some 650,000 Malians face food insecurity, compared to 185,000 at the same time last year. "The number of food insecure people is projected to nearly double to 1.2 million by June 2020." He noted these figures are the highest recorded level over the last five years. With regard to the UN's humanitarian effort, Haq said the UN and humanitarian partners have assisted … [Read more...] about 3.9 mln Malians need aid in unprecedented humanitarian crisis: UN
Email ABC North Qld By Chloe Chomicki Updated December 13, 2019 08:35:12 Photo: Nicky Kruger has been dispersing flying foxes from her backyard. (ABC North Queensland: Chloe Chomicki) Related Story: Bat 'plague' wreaks havoc in Charters Towers Related Story: Using baby bats as bait to move on inner-city flying fox colony Map: Charters Towers 4820 Flying foxes have returned to Charters Towers in force, but the town can do little about it because of environmental red tape. Key points:Charters Towers residents are frustrated that little can be done about 250,000 bats roosting in the townParks are closed, the pool hours are reduced for extra cleaning, and day care centres are also affectedBut the council won't be dispersing the bats until mid-2020, claiming environmental legislation has their hands tied So residents have taken matters into their own hands, fed up with the noise, smell, and mess from the roosting bats.The Charters Towers Regional Council said it was … [Read more...] about Bat crisis in Charters Towers has residents bound by environmental red tape, and fearing for their health
by Harsh Mehta & Shreya Sinha The Union Cabinet on Wednesday announced changes to the Partial Credit Guarantee Scheme for non-banking financial corporations & housing finance companies.Under the new changes, banks can purchase high-rated pooled assets from NBFCs & HFCs. The overall guarantee should be limited to first loss of up to 10% of assets or Rs 100 billion, whichever is lower.The newly amended partial credit guarantee scheme has a provision for the public sector banks that would enable purchase of BBB+ rated pooled securities as against the previous requirement of AA rated securities. Further, the NBFCs that have slipped down to SMA-0 category would also be eligible to sell their pooled assets to the public sector banks. These provisions would enable greater number of NBFCs to raise funds and scale up their operations. However, the access of funding to lower rated securities would inch up the risk of default faced by banks marginally.Arjun Gupta, who is looking at … [Read more...] about Can the credit guarantee scheme instil new lease of life into NBFCs?
In the backdrop of a spate of dismal macroeconomic numbers in the last few quarters, Nomura’s India outlook for 2020 doesn’t cheer much. The Japan-based research house said India’s GDP growth rate that came in at 4.5 per cent in the July-September quarter has not bottomed out. “We are expecting further moderation in GDP growth rate to 4.3 per cent in the current quarter. In 2020, we expect 5.5 per cent growth rate against 4.9 per cent in 2019. Given India’s potential growth of 6.5 percent, that is a significant negative output gap,” said Sonal Varma, Chief Economist, India and Asia ex-Japan at Nomura in a conference call on Thursday. Varma said the main reason behind such dismal numbers is the credit conditions, which is still tight because of the impact from shadow banking crisis. Inflation in India has picked up in the near term because of certain supply side shocks, said Nomura. India's retail price inflation climbed 4.62 percent year-on-year … [Read more...] about India’s growth hasn’t bottomed out: Nomura
This week, the former Coalition adviser outlined six possible scenarios for the future, depending on whether central banks continued to artificially prop up economies with “quantitative easing” money printing policies, or ended the post-GFC stimulus measures and began to raise interest rates. While Mr Adams — whose concerns are being quietly acknowledged by a growing number of politicians — believes it’s now too late for government action, he argues there are a number of things ordinary Australians can do to prepare themselves. He has outlined 10 steps that will “hopefully serve as a useful action guide for individual Australians to get their affairs in order and prepare for the coming crisis”. “The coming economic armageddon is fast approaching and many Australians are completely unprepared for the possible economic consequences that will result from the crisis,” he said. “There is still a small window of time for individuals … [Read more...] about How to prepare for ‘economic armageddon’