The Amazon share price makes it an instant buy for me

first_img See all posts by Tom Rodgers Tom Rodgers | Tuesday, 28th July, 2020 | More on: AMZN Our 6 ‘Best Buys Now’ Shares Click here to claim your free copy of this special investing report now! 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 1997, the Amazon (NASDAQ:AMZN) share price was $18 (£13.97). Spotting that opportunity early and holding on until today would have made you pretty darn rich.As of the end of July 2020, the Amazon share price has broken above $3,000 (£2327.80). That’s a 16,566% gain in total. So £1,000 invested in Amazon 23 years ago would give you £165,660 today.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…But even though I’d be paying 16,000% more for a single share now that when it debuted on the market, I still think the Amazon share price is an instant buy.I’ll tell you why.Amazon-ian proportionsInstead of beating yourself up about the now-gigantic share increases you missed, ask yourself this question: Will the Amazon share price continue to grow?As Amazon is one of the biggest winners from the online shopping boom accelerated by the coronavirus, I think the obvious answer to that question is yes. Overwhelmingly so.CEO Jeff Bezos started Amazon as a bookseller in his own garage, but the company has grown it has diversified extensively. Even aside from its gargantuan ecommerce arm, Amazon now controls a large portion of Internet infrastructure through Amazon Web Services (AWS).And the Amazon share price benefits heavily from this side of the business. Selling server space, computing power, cloud data storage, and more, this is Amazon’s least visible product and yet brings in over 14% of the company’s revenue.In the first three months of 2020, AWS surpassed a record $10bn in revenue.And it is growing by around 30% every quarter.As Bezos says: AWS is basically the utility company of the Internet. And it controls a third of the entire market, more than double its closest competitor.When we talk about economies of scale, and Warren Buffett-inspired economic moats, this kind of market share with products few others can provide, is what we want to see.How to buy AmazonBeginner investors might want to spread their risk and buy a slice of a mutual fund that owns Amazon, alongside lots of other stocks and shares.For example, Amazon is the largest holding in the FTSE 100-listed Scottish Mortgage Investment Trust. It’s over 8.2% of the entire fund.But it’s simple enough to look up the Amazon share price one minute and buy it in a UK Stocks and Shares ISA the next.For example, my Stocks and Shares ISA is with Hargreaves Landsdown. It’s not the cheapest, and other ISA providers are most certainly available. But all I had to do to start buying US-listed stocks and shares like Amazon is to fill in a form online called a W8-BEN. For me, it took about 10 minutes to complete. If you search on your ISA provider’s website you should be able to find this quite easily.Once you’ve sent it off and had confirmation back from your ISA provider, you can start buying US stocks.Amazon share price predictionAnalysts have a wide range of predictions for the Amazon share price, but on average they believe the company’s earnings will grow by 34% a year. And the median share price target for the next 12 months alone is $3,400.The Amazon share price could easily be plumping up your portfolio well into the next decade.Large companies don’t tend to grow this fast. No wonder it’s one of the most popular stocks in the world. Image source: Amazon 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.center_img 5 Stocks For Trying To Build Wealth After 50 Markets around the world are reeling from the coronavirus pandemic…And with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be daunting prospect during such unprecedented times.Fortunately, The Motley Fool is here to help: our UK Chief Investment Officer and his analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global lock-down…You see, here at The Motley Fool we don’t believe “over-trading” is the right path to financial freedom in retirement; instead, we advocate buying and holding (for AT LEAST three to five years) 15 or more quality companies, with shareholder-focused management teams at the helm.That’s why we’re sharing the names of all five of these companies in a special investing report that you can download today for FREE. If you’re 50 or over, we believe these stocks could be a great fit for any well-diversified portfolio, and that you can consider building a position in all five right away. The Amazon share price makes it an instant buy for me Simply click below to discover how you can take advantage of this. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. TomRodgers has no position in any of the shares mentioned. The Motley Fool UK owns shares of and has recommended Amazon and recommends the following options: short January 2022 $1940 calls on Amazon and long January 2022 $1920 calls on Amazon. 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. 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Wealth Intelligence database launched

first_img  22 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 9 October 2007 | News Tagged with: Major gift Prospecting for Gold, with its partners Action Planning and CCR Data, has released the 2007 version of the Wealth Intelligence database.The Wealth Intelligence database – already the UK’s largest database of the wealthy and influential – was launched at the Action Planning ‘Raising Funds from the Rich’ conference in London, and contains over half the UK’s millionaires. Every name held on the database is capable of making a donation of £5,000 or more and only factual information on each name is held. The 2007 release includes 300,000 names with up to 30 attributes for each name. Advertisement AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThiscenter_img Wealth Intelligence database launched Because the Wealth Intelligence Database has been developed by fundraisers, for fundraisers, it has published the database on three different systems to make prospect research accessible and affordable for all types of not-for-profit organisations – charities, hospitals, universities and colleges, membership organisations, campaigning organisations, faith-based groups, heritage groups and hospices. Prospecting for Gold can offer a free initial audit of any not-for-profit’s database which will give a count of how many of the Wealth Intelligence names are already supporters or prospective supporters of the organisation. 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

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Women say NO to high court’s ruling

first_imgA demonstration “to let Hobby Lobby know how we feel about the recent SCOTUS [Supreme Court of the United States] ruling” was held in front of the Hobby Lobby store in Williamsville, N.Y., a Buffalo suburb, on July 12. It was initiated and organized mainly by young women from in and around Buffalo, who work for Planned Parenthood or other health care services.They were outraged by the June 30 Supreme Court decision in the Hobby Lobby case. It curtails women workers’ rights to contraceptive coverage in employers’ health plans and grants more rights to right-wingers and corporations.The protest was held on a busy six-lane road. It drew nonstop honks, thumbs-up and raised fists in solidarity from passing motorists. The action strengthened the protesters’ determination to picket more Hobby Lobby stores and carry the fight forward. Media coverage was good.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

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Isabel Rosado, un siglo de lucha independentista

first_imgIsabel Rosado at 105.Conocida simplemente como “Isabelita” o “doña Isabelita”, Isabel Rosado ha sido referente de la lucha por la independencia y soberanía puertorriqueña. Cuando el pasado 15 de enero sus restos fueron sembrados en su querida ciudad natal de Ceiba, muchas fueron las memorias compartidas por miles de puertorriqueñas/os tanto en las islas – Puerto Rico es un archipiélago (Isla Grande-[Puerto Rico], Vieques y Culebra, además de muchas isletas no habitadas), como en el exterior. Rafael Cancel Miranda, héroe nacionalista y ex prisionero político junto a Alicia Rodríguez, también ex prisionera política, despidieron el duelo.Más de un siglo de ser testigo del proceso colonizador y de las luchas del pueblo puertorriqueño por su total emancipación, esa fue la vida de Isabel Rosado. Mujer extraordinaria que dejó de ser individuo para convertirse en pueblo, solidaria hasta sus días finales sobre todo con las luchas para liberar a las y los prisioneros políticos que luchaban contra el colonialismo.Sus últimos reclamos fueron para exigir la libertad de Oscar López Rivera. Recordamos su imagen con fotos de este prisionero político, a quien el imperialismo aún retiene por más de 33 años simplemente por abogar por la independencia de Borikén.Nacida en Ceiba, ciudad costera al noreste de la isla grande un 5 de noviembre de 1907, apenas nueve años después de la invasión gringa. Estudió, como muchas mujeres de esa época, magisterio en la Universidad de Puerto Rico, ejerciendo esta labor principalmente en escuelas rurales.Isabelita, combatiente nacionalista Fue la Masacre de Ponce el domingo de ramos, 21 de marzo de 1937 lo que impactó a Isabelita y la ató por siempre a la lucha nacionalista anticolonial. Este horrible incidente ocurrió al comenzar una marcha de las/os miembros del Partido Nacionalista para protestar por el encarcelamiento de su líder máximo, Don Pedro Albizu Campos. Bajo las órdenes del entonces gobernador gringo, Blanton Winship, un masivo destacamento policial arremetió contra las/os manifestantes, dejando al final 19 muertos, 14 de ellas/os nacionalistas y más de 200 heridos. La indignación que sintió Isabelita la hizo integrarse al Partido y se convirtió en una fiel colaboradora del Maestro (Albizu Campos).Estuvo encarcelada en tres ocasiones, pasando más de 11 años en prisión. La primera fue en 1950, por violación a la Ley de la Mordaza o Ley 53, la primera legislación anti-sediciosa aprobada en Puerto Rico que finalmente se derogó en 1957. Esta ley estaba basada en la anticomunista Ley Smith estadounidense. Bajo esta ley se prohibía toda actividad independentista, incluyendo hasta la posesión y exposición de la bandera puertorriqueña. En esa ocasión Isabelita fue arrestada luego de la Insurrección de Jayuya, y gracias a la simpatía demostrada por su pueblo y sus estudiantes, su sentencia se redujo a quince meses en prisión, siendo destituida como trabajadora en el sector público.El segundo encarcelamiento, en 1954, fue el más prolongado, a raíz del ataque armado al Congreso de Estados Unidos por la/os miembros del PN Lolita Lebrón, Irvin Flores Rodríguez, Rafael Cancel Miranda y Andrés Figueroa Cordero. Isabelita había ido a la ciudad de Nueva York con la misión de organizar tareas conducentes a la revolución de Puerto Rico, incluyendo ataques a posiciones claves en EUA.  Días después, de regreso a la isla, la policía arremete disparando contra la sede del partido donde se encontraban además de Isabelita, Albizu, don Pepe Sotomayor, Doris Torresola Roura y Carmín Pérez. A doña Isabel y a Carmín Pérez las condenaron a 17 años de prisión por auto defenderse y por posesión de armas, pero por un recurso de Habeas Corpus lograron salir a los 11 años.Durante ese largo encierro, Isabelita se destacó por ayudar y defender los derechos de las mujeres en la cárcel.Vieques, su misión especialAlbizu le había dado a Isabelita la tarea de sacar a la marina de guerra estadounidense de la isla municipio de Vieques, tarea que marcó su activismo nacionalista.Famosa es la foto que recorrió el mundo en 1979 cuando a sus 70 y pico de años, su menudo cuerpo se veía atrapado bajo el peso de una corpulenta mujer policía en las arenas de la isla municipio de Vieques quien la esposaba, cara en arena, por “invadir” los terrenos de la marina en un acto de desobediencia civil. Años después la Marina estadounidense salió de Vieques en el 2003.Gracias a Isabelita, la figura del General Antonio Valero Pacheco de Bernabé es conocida. Este general puertorriqueño luchó por la liberación de varios países latinoamericanos y batalló junto a Simón Bolívar durante la guerra en Perú. Su estatua en Fajardo se debe a la incansable labor de Doña Isabel Rosado Morales.Isabelita ¡PRESENTE!!!FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

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Seven leading dailies appear with blank front pages in protest against new media law

first_imgNews Follow the news on Slovakia Organisation February 4, 2021 Find out more Receive email alerts Slovakia’s seven leading dailies – SME, Pravda, Hospodarske Noviny, Novy Cas, Plus 1 Den and Uj Szo – protested against the new media law today by bringing out issues with front pages that are completely blank aside from a black-bordered editorial criticising the law, which parliament adopted two days ago.A similar protest was staged on 7 March.The new law was also criticised in a statement issued yesterday by Miklos Haraszti, the Organisation for Security and Cooperation in Europe’s representative for media freedom. “Just the fact that the law exists is already a serious limitation on editorial freedom,” Haraszti said. “It is not difficult to imagine where this will lead – newspapers getting flooded with replies from individuals or political forces unable to accept criticism.” 10.04 – Parliament passes controversial reform of press lawThe Slovakian parliament yesterday adopted a very controversial reform of the press law despite the unanimous condemnation of the national media and the disapproval of the Organisation for Security and Cooperation in Europe (OSCE).Although some changes were made, the new law still provides for direct culture ministry control over media coverage of a range of subjects considered sensitive, as well as automatic right of response for anyone who, rightly or wrongly, thinks they have been defamed or insulted.“It is unacceptable for a European Union member state to adopt a law so much at variance with democratic standards, especially as regards press freedom,” Reporters Without Borders said. “A law that limits the editorial freedom of the news media by subjecting them to official criteria arbitrarily imposed by the government is completely unacceptable and must be withdrawn.”The press freedom organisation added: “We call on the European authorities to insist that the Slovakian government withdraw this law and initiate a debate aimed at finding a solution that complies with European standards.”Prime Minister Robert Fico’s government had a big enough majority to get the press law passed, but it needs the opposition’s votes to ratify the European Union’s new Lisbon treaty. The opposition pledged several weeks ago to block ratification if the government pushed the press law through.In a protest against the proposed law, Slovakia’s six leading daily newspapers brought out issues on 7 March with nothing on the front page except seven of its articles that have been dubbed the “seven deadly sins.” SlovakiaEurope – Central Asia April 11, 2008 – Updated on January 20, 2016 Seven leading dailies appear with blank front pages in protest against new media law to go further RSF and 60 other organisations call for an EU anti-SLAPP directive SlovakiaEurope – Central Asia Slovak premier visits RSF, encouraged to turn his country into “press freedom model for Europe” Use the Digital Services Act to make democracy prevail over platform interests, RSF tells EU June 2, 2021 Find out more RSF_en News News News Help by sharing this information December 2, 2020 Find out morelast_img read more

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Pasadena Unified Football: Annual Turkey Tussle is Nov. 6 at The Rose Bowl

first_imgEVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Community News Name (required)  Mail (required) (not be published)  Website  Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy More Cool Stuff Make a comment Community News Business News 0 commentsShareShareTweetSharePin it Herbeauty10 Special Beauty Tips That Make Indian Women So BeautifulHerbeautyHerbeautyHerbeauty10 Questions To Start Conversation Way Better Than ‘How U Doing?’HerbeautyHerbeautyHerbeautyWant To Seriously Cut On Sugar? You Need To Know A Few TricksHerbeautyHerbeautyHerbeauty7 Most Startling Movie Moments We Didn’t Realize Were InsensitiveHerbeautyHerbeautyHerbeautyWeird Types Of Massage Not Everyone Dares To TryHerbeautyHerbeautyHerbeautyA Mental Health Chatbot Which Helps People With DepressionHerbeautyHerbeauty The annual Turkey Tussle homecoming football game between Pasadena and John Muir High School is Friday, Nov. 6, 2015 at the Rose Bowl. Kickoff is at 6:30 p.m.The annual fall classic showcases Pasadena Unified School District (PUSD) student athletes. Pasadena Bulldogs and Muir Mustangs compete to take home the prized bell each year.Ticket booths open at 5:15 p.m. and the pre-game ceremony starts at 6:00 p.m. with the introduction of each school’s Homecoming Court and senior football players.Admission is free for PHS and John Muir students with ASB cards. General admission is $10. Parking is $5 parking fee per vehicle at the Rose Bowl.Stay connected to the Pasadena Unified School District! Visit us online at www.pusd.us; follow us on Twitter @PasadenaUnified, www.twitter.com/PasadenaUnified; like us on Facebook at www.facebook.com/PasadenaUnifiedSchoolDistrict; text PUSD to 888777; and subscribe to our YouTube channel at www.youtube.com/klrnpasadena. Or call the Communications Office, 8:00 a.m. to 5:00 p.m., Monday through Friday at (626) 396-3606.center_img Sports Pasadena Unified Football: Annual Turkey Tussle is Nov. 6 at The Rose Bowl From STAFF REPORTS Published on Thursday, November 5, 2015 | 11:46 am First Heatwave Expected Next Week Subscribe Your email address will not be published. Required fields are marked * Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Top of the News faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyCitizen Service CenterPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena 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.last_img read more

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Man arrested in Strabane on suspicion of dissident activity

first_img Google+ Facebook 448 new cases of Covid 19 reported today Three factors driving Donegal housing market – Robinson Pinterest Help sought in search for missing 27 year old in Letterkenny WhatsApp Newsx Adverts Twitter A 42 year old man has been arrested in Strabane on suspicion of dissident republican activity.He’s being detained at the serious crimes suite at Antrim Police Station. RELATED ARTICLESMORE FROM AUTHOR Man arrested in Strabane on suspicion of dissident activitycenter_img By News Highland – March 13, 2012 WhatsApp Previous articleRAAD admit Derry shootingsNext articleMac Lochlainn questions perceived link between referendum and ESM News Highland Facebook NPHET ‘positive’ on easing restrictions – Donnelly Twitter Pinterest Google+ Calls for maternity restrictions to be lifted at LUH Guidelines for reopening of hospitality sector publishedlast_img read more

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Centre Extends Due Date For Income Tax Returns Of 2019-20 FY Till Nov 30 [Read Notification]

first_imgNews UpdatesCentre Extends Due Date For Income Tax Returns Of 2019-20 FY Till Nov 30 [Read Notification] LIVELAW NEWS NETWORK24 Jun 2020 11:13 PMShare This – xIn view of the challenges faced by taxpayers in meeting the statutory and regulatory compliance requirements across sectors due to the outbreak of Novel Corona Virus (COVID-19), the Government brought the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 on 31st March, 2020 which, inter alia, extended various time limits. In order to provide further relief to…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?LoginIn view of the challenges faced by taxpayers in meeting the statutory and regulatory compliance requirements across sectors due to the outbreak of Novel Corona Virus (COVID-19), the Government brought the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 on 31st March, 2020 which, inter alia, extended various time limits. In order to provide further relief to the taxpayers for making various compliances, the Government has issued a Notification on June 24 in exercise of powers under sub-section (1) of section 3 of the said Ordinance.The salient features of the notification are :  I. The time for filing of original as well as revised income-tax returns for the FY 2018-19 (AY 2019-20) has been extended to 31st July, 2020. II. Due date for income tax return for the FY 2019-20 (AY 2020-21) has been extended to 30th November, 2020. Hence, the returns of income which are required to be filed by 31st July, 2020 and 31st October, 2020 can be filed upto 30th November, 2020. Consequently, the date for furnishing tax audit report has also been extended to 31st October, 2020. III. In order to provide relief to small and middle class taxpayers, the date for payment of self-assessment tax in the case of a taxpayer whose self-assessment tax liability is upto Rs. 1 lakh has also been extended to 30th November, 2020. However, it is clarified that there will be no extension of date for the payment of self-assessment tax for the taxpayers having self-assessment tax liability exceeding Rs. 1 lakh. In this case, the whole of the self-assessment tax shall be payable by the due dates specified in the Income-tax Act, 1961 (IT Act) and delayed payment would attract interest under section 234A of the IT Act. IV. The date for making various investment/ payment for claiming deduction under Chapter-VIA-B of the IT Act which includes section 80C (LIC, PPF, NSC etc.), 80D (Mediclaim), 80G (Donations) etc. has also been further extended to 31st July, 2020. Hence the investment/ payment can be made upto 31st July, 2020 for claiming the deduction under these sections for FY 2019-20. V. The date for making investment/ construction/ purchase for claiming roll over benefit/ deduction in respect of capital gains under sections 54 to 54GB of the IT Act has also been further extended to 30th September, 2020. Therefore, the investment/ construction/ purchase made up to 30th September, 2020 shall be eligible for claiming deduction from capital gains. VI. The date for commencement of operation for the SEZ units for claiming deduction under section 10AA of the IT Act has also been further extended to 30th September, 2020 for the units which received necessary approval by 31st March, 2020. VII. The furnishing of the TDS/ TCS statements and issuance of TDS/ TCS certificates being the prerequisite for enabling the taxpayers to prepare their return of income for FY 2019-20, the date for furnishing of TDS/ TCS statements and issuance of TDS/ TCS certificates pertaining to the FY 2019-20 has been extended to 31st July, 2020 and 15th August, 2020 respectively. VIII. The date for passing of order or issuance of notice by the authorities and various compliances under various Direct Taxes & Benami Law which are required to be passed/ issued/ made by 31st December, 2020 has been extended to 31st March, 2021. Consequently, the date for linking of Aadhaar with PAN would also be extended to 31st March, 2021. IX. The reduced rate of interest of 9% for delayed payments of taxes, levies etc. specified in the Ordinance shall not be applicable for the payments made after 30th June, 2020. The Finance Minister has already announced extension of date for making payment without additional amount under the “Vivad Se Vishwas” Scheme to 31st December 2020, necessary legislative amendments for which shall be moved in due course of time. The said Notification has extended the date for the completion or compliance of the actions which are required to be completed under the Scheme by 30th December, 2020 to 31st December, 2020. Therefore, the date of furnishing of declaration, passing of order etc under the Scheme stand extended to 31st December, 2020. Deferment of the implementation of new procedure for approval/ registration/ notification of certain entities u/s 10(23C), 12AA, 35 and 80G of the IT Act has already been announced vide Press Release dated 8th May, 2020 from 1st June, 2020 to 1st October, 2020. It is clarified that the old procedure i.e. pre-amended procedure shall continue to apply during the period from 1st June, 2020 to 30th September, 2020. Necessary legislative amendments in this regard shall be moved in due course of time. The Finance Minister has already announced reduced rate of TDS for specified non-salaried payments to residents and specified TCS rates by 25% for the period from 14th May, 2020 to 31st March, 2021. The announcement was also followed by the Press Release dated 13th May, 2020. The necessary legislative amendments in this regard shall be moved in due course of time.Click here to download notificationRead NotificationSubscribe 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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[Bihar Election] Political Parties Can Put Up Hoardings At Private Properties With Owner’s Consent: Patna High Court [Read Order]

first_imgNews Updates[Bihar Election] Political Parties Can Put Up Hoardings At Private Properties With Owner’s Consent: Patna High Court [Read Order] Akshita Saxena22 Oct 2020 10:16 PMShare This – xThe Patna High Court has paved way for political parties to raise hoardings/ banners at private properties, as part of their election campaign, after obtaining written consent of the owner/ occupier of such property. The Single Bench of Justice Ashutosh Kumar held that permitting only individual candidates to raise hoardings and precluding political parties from such benefit…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 Patna High Court has paved way for political parties to raise hoardings/ banners at private properties, as part of their election campaign, after obtaining written consent of the owner/ occupier of such property. The Single Bench of Justice Ashutosh Kumar held that permitting only individual candidates to raise hoardings and precluding political parties from such benefit will “emasculate” the intention of the legislature in enacting the Defacement of Property Act, 1987. “A person of persons contesting an election to whom, the Representation of People Act, 1951 is applicable, either as an independent candidate or on the symbol of a recognized political party is permitted to use the private property for the purposes of election campaign. The reference to Representation of People Act and the symbol of a recognized political party do indicate that persons would include a political party also. A political party does not exist in vacuum and is not an abstract entity. It consists of persons,” the Bench held. Background The observation was made in a writ petition filed by Century Businees Pvt. Ltd., a private company engaged by the Bhartiya Janta Party to put up 950 hoarding on private properties as part of election campaign in Bihar. The company had sought the Chief Electoral Officer’s permission for putting up the hoardings with the permission of the owners of the properties as mandated under the Defacement of Property Act, 1987. The request was declined while stating that Section 3(3) of the 1987 Act specifies that the owner or the occupier of a private property can give written consent and permit only “person or persons” contesting an election. It was contended that the legislature had deliberately excluded political parties as a class from the privilege of putting up hoardings because: “a candidate has a budgetary limit for campaigning and, therefore, he or she would be rather discreet in putting up hoardings or posters over private buildings as it would entail expenses. No such limit has been prescribed for any political party and if a political party is permitted, even after seeking permission from private property holders, to put up hoardings, the entire State would stand defaced and it would be very difficult to restore the same without spending huge public money.” It was submitted that the statute has to be interpreted in its “literal sense” unless it causes any mischief and if the language of an Act, as in the present case, is clear, then, it does not require any artificial rule of interpretation to be applied. Petitioner’s Case The Petitioner-company had argued that any “person or persons”, who contests elections, either does it independently or under the banner of any political party, when symbol of such political party is given to it. In that case, ousting a political party from the clause “person or persons” in Section 3(3) of the 1987 Act would not be justified. It was also pointed out that in the State of Jharkhand also, there is similar local law with respect to defacement of property and the Chief Electoral Officer, Jharkhand permitted the political parties to put up the hoardings. Thus, not allowing the political party to put up the hoardings would actually defeat the very purpose of controlled campaigning during the elections. Findings The Court has held that the expression “person or persons” would include political parties, inter alia, for the following reasons: The purpose behind the enactment of the local law regarding defacement is to prevent defacement and to limit squandering of money in restoring the property; be it public money or private money and the Model Code of Conduct for the guidance of political parties takes care of the aforesaid spirit behind the enactment of the Act. It has clearly specified the manner and method in which such permission from the private property holders shall be obtained. Even in States, where there is no local law on the subject of defacement of property, the Model Code of Conduct insists for doing minimum damage or defacement of public / private properties.With the strict measures suggested in the Model Code of Conduct and guidance, it would be easier for the authorities to track the entity for recovering money or asking them to restore the defacement caused during elections. The hoardings by a political party, which would include a large group of persons including candidates contesting on the symbol of such political parties, would prevent piecemeal and sporadic hoardings and there would be lesser chances of defacement of public and private property beyond redemption. Further, the Court agreed with the Petitioner’s contention that when political parties were permitted to put up hoardings in Jharkhand, “no two standards can be applied in interpreting an Act or Rule in two different contiguous States.” On the State’s contention about rules of interpretation of a statute, the Bench clarified, “The golden rule of construction is to be preferred first but subject to the caveat that if any mischief is caused while strictly interpreting the rules, there would be no harm in reading it down by infusing practically into the rule in question.” It added, “Unless, the phrase “person or persons” the rule is supplemented by or understood to mean political parties, the entire force and life of the intention of the legislature would stand emasculated.” Know the Law It was observed in the past that during the elections, political parties indulged in defacement of public as well as private buildings by sticking posters and wall writings and that too many a times without permission of the owner of the buildings. After the election were over, the cost of removing the posters and wall writings had to be borne by public exchequer in case of public buildings and the individuals in case of private buildings. In either case, it was the general public at large which had to bear the loss for no fault of theirs. To avoid this, the Defacement of Property Act, 1987, was implemented. Defacement, under the Act, is defined as impairing or interfering with the appearance or beauty or damaging, disfiguring, spoiling or injuring in any other way whatsoever a property, which could be building, structure, wall, tree, fence, post or any other erection. Defacement could be by way of decoration, lettering, ornamentation etc produced by the stencil, which would come within the domain of ‘Writing’. Section 3 of the Act prescribes that any person guilty of defacement shall be punishable with imprisonment for term which may extended to six months or with fine, which may extend to one thousand rupees, or with both. Further, the Election Commission, in exercise of its powers of superintendence under Article 324 of the Constitution of India, has come out with the Model Code of Conduct for the guidance of political parties and candidates. Clause VI of part – 1 of Model Code of Conduct provides that no political party or candidate shall permit its followers to make use of individuals’ land, building, compound wall etc without his permission for erecting flagstaffs, suspending banners, pasting notices, writing slogans etc. Furthermore, most of the States have their local laws to prevent such defacement and bring the guilty/ defaulters to book. Case Title: Century Business Pvt. Ltd. v. Chief Electoral Officer & Ors. Click Here To Download Order Read Order Next Storylast_img read more

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Employers turning to HR outsourcing to cut costs

first_imgRelated posts:No related photos. More than a quarter of employers are currently looking at outsourcing alltransactional HR processes, according to the latest research. Around 31 per cent of firms are considering an outsourcing deal, with costcutting the main objective. The survey of 800 HR directors by Capita HR found more than half hopedoutsourcing HR would cut costs (54 per cent), while almost a third (31 percent) wanted to have access to new technology and skills. The other main drivers were reduced transport costs (15 per cent) and theexpected ability to develop new products and services (15 per cent). It showed that HR directors were most likely to initiate the process,although managing directors usually get the final say. Earlier this month, research from the CBI found that many employers werelooking to outsource the HR function to overseas staff. Employers turning to HR outsourcing to cut costsOn 2 Dec 2003 in Personnel Today Comments are closed. Previous Article Next Articlelast_img read more

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