After sweeping back to power in Telangana for a second successive term with a huge mandate from the people, Telangana Rashtra Samithi president K Chandrasekhar Rao (KCR) continues to dominate the state’s politics.Similar to his first four and a half years in power, KCR has continued to reign as an invincible leader in the last one year, as the opposition appears to be in total disarray, unable to find a leader who can match the TRS supremo politically or otherwise.Like the BJP at the Centre, the TRS upset all the calculations of political pundits in the December 7, 2018 assembly elections of a possible change in the government in the state. KCR pulled off a remarkable victory with his party winning 88 seats in the 119-member state assembly.And within no time, he managed to reduce the opposition further by attracting 12 out of 19 lawmakers from the Congress and one out of two from the Telugu Desam Party, besides two independents into the TRS. And … [Read more...] about Easy run for KCR in Telangana; weak opposition helps him dominate 2nd term | Opinion
Settling long term disability claims
Saudi Aramco shares zoomed higher on Thursday, turning the massive state oil producer into the world's first $2 trillion company and achieving the valuation long sought by Crown Prince Mohammed bin Salman. The stock gained 10% for a second consecutive day, reaching 38.70 riyals ($10.32) per share before giving up some of its gains. Saudi Aramco has gained roughly $300 billion in value since its shares debuted on the Riyadh stock exchange on Monday in the biggest initial public offering on record. It's by far the most valuable company in the world, dwarfing runner up Apple, which is worth around $1.2 trillion. The vast majority of buyers for the stock are in Saudi Arabia. Samba Capital, which managed the IPO, said Tuesday that 97% of retail investors who received shares were from the country. And more than 75% of shares sold to institutional investors went to Saudi companies, funds and government institutions. The $2 trillion valuation was a priority for the crown prince ever since he … [Read more...] about Saudi Aramco Gives the World Its First $2 Trillion Company. But For How Long?
PUNE: Maharashtra’s first special court for disabled people was set up in Pune on Wednesday. The fast track court will hear cases related to senior citizens and disabled people. Justice HR Waghmare has been nominated for the special court that will sit at the basement of the old court building at Shivajinagar. The court started its operations on Wednesday as litigants started visiting the court premises with orders coming into effect.The state has issued notification to start such courts at eleven places in Maharashtra. Shankar Salve, a Puneite, had been actively pursuing the issue with the government for the past one decade. It was former chief minister Devendra Fadnavis who gave directions for issuing notification for setting up such courts in the state. The notification states that there should be a special ramp for the disabled people.Salve said, “It is seen that the disabled and senior citizens suffer a lot in getting justice. Me and my … [Read more...] about Maharashtra’s first court for disabled starts in Pune
December 13, 2019 08:22 Ninety-eight percent of The Weinstein Co.'s creditors are joining a tentative settlement that plaintiffs say includes $25 million for over two dozen actresses and former employees who claim Harvey Weinstein sexually harassed them, a lawyer said Thursday. The attorney, Karen Bitar, provided the estimate to U.S. District Judge Paul A. Engelmayer as she said the deal would cover "the overwhelming" number of individuals and entities potentially owed money. Additional money, she said, would be set aside for anyone who did not accept the terms of the settlement. The agreement, which would be limited to $500,000 per person, would require court approval that is unlikely to come before the spring. The Weinstein Co. is currently proceeding in bankruptcy court, where any deal would face review. ◆ Canosa LawsuitThe discussion of the deal revealed by lawyers a day earlier arose during a hearing in Manhattan pertaining to a lawsuit filed against the company and the … [Read more...] about Weinstein Lawyer Says 98% of Creditors Agreeing to Settle
Helen Nugent, a former executive at Macquarie Group, was caught using the bank's private email servers to conduct business at the National Disability Insurance Agency. Despite the controversy, Ms Nugent has been given another two years in the federal government job. The agency oversees the National Disability Insurance Scheme, and Macquarie's servers are exempt from public oversight. The controversy flared up in October when the family of Tim Rubenach, who died waiting for NDIS care, demanded the emails off Macquarie's servers. Mother Beverley Rubenach told a parliamentary inquiry she hadn't know her sons emails were privately stored until media reports. "How can participants trust the NDIA when right at the very top of the organisation there seems to be a lack of scrutiny and breaches of basic privacy of participants," Ms Rubenach said. While Ms Nugent no longer works for Macquarie, she pays to work out of its Sydney offices and use her old email address. Fronting a Senate estimates … [Read more...] about Former bank boss holds onto disability job