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Ugandan president threatens to “bankrupt” leading daily

first_img UgandaAfrica Media independence Freedom of expressionEconomic pressureJudicial harassment Help by sharing this information News Speaking on International Women’s Day (8 March), the country’s president for the past 34 years said he was bringing a legal action against the Daily Monitor for reporting that the Wall Street Journal had said his “inner circle” was given Chinese-made vaccines against Covid-19 ahead of other people in Uganda.“Monitor, I’m going to make you bankrupt,” Museveni said, adding that he would go ahead with the threatened lawsuit unless the newspaper’s journalists “apologise and lie down and say sorry, sorry.”When reached by RSF, one the Daily Monitor’s editors confirmed that the president’s lawyers have written to the newspaper to notify it of their client’s intention to bring a legal action against the paper.“The threats against this newspaper are dangerous and unworthy of a head of state,” said Arnaud Froger, the head of RSF’s Africa desk. “These comments are all the more worrying for being made in a very agitated post-election context in which media and journalists have not been spared.”Museveni was reelected for a sixth term in January after an election campaign marked by many cases of violence and intense harassment of the media. RSF has registered nearly 40 attacks against journalists since last November, including 21 physical attacks and eight arrests.The president often lambasts and threatens independent media and his favourite targets include the Daily Monitor, which he frequently calls an enemy of the state. In 2018, he described the newspaper as “evil” and threatened to “do something about it” if its journalists kept criticising Uganda’s growing debt.RSF has learned that the Daily Monitor’s leading shareholder has also been harassed and threatened, and has been told that some of his other business interests could be in danger if the newspaper’s editorial line does not change.Uganda has fallen 28 places in RSF’s World Press Freedom Index since 2015 and is now ranked 125th out of 180 countries. News News Uganda blocks social media and messaging apps, isolating election Ugandan President Yoweri Museveni. Sumy SADRUNI / AFP UgandaAfrica Media independence Freedom of expressionEconomic pressureJudicial harassment Follow the news on Uganda Receive email alerts March 12, 2021 Ugandan president threatens to “bankrupt” leading dailycenter_img June 4, 2021 Find out more Ugandan President Yoweri Museveni’s threat to bankrupt his country’s leading daily newspaper by means of a lawsuit is unworthy of a head of state, Reporters Without Borders (RSF) says, calling on him to respect press freedom in Uganda. Uganda urged to free two journalist held since last week on libel charges to go further News Organisation January 13, 2021 Find out more RSF_en Ugandan media regulator’s ultimatum to journalists December 17, 2020 Find out morelast_img read more

Loan Moratorium Case- No Requirement Of Specific Resolution Plan For Borrowers For Invocation Of Resolution Framework: RBI Tells Supreme Court

first_imgTop StoriesLoan Moratorium Case- No Requirement Of Specific Resolution Plan For Borrowers For Invocation Of Resolution Framework: RBI Tells Supreme Court Sanya Talwar13 Dec 2020 8:20 PMShare This – xReserve Bank of India has informed the Top Court that borrowers opting for resolution of COVID-related stressed loans shall not be required to submit any specific plans. RBI has stated that borrowers may invoke resolution framework by submitting a request to the lending institutions.The Resolution Framework does not require any resolution plan in any form to be submitted to the…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?LoginReserve Bank of India has informed the Top Court that borrowers opting for resolution of COVID-related stressed loans shall not be required to submit any specific plans. RBI has stated that borrowers may invoke resolution framework by submitting a request to the lending institutions.The Resolution Framework does not require any resolution plan in any form to be submitted to the lending institutions at the time of request for invocation. Rather, for invocation, the borrowers are required to merely submit a request to the lending institutions for being considered under the Resolution Framework- RBI Tells Supreme CourtEarlier, India’s central bank earlier announced a resolution framework to mitigate the financial stresses faced by entities due to disruption in business activity, on account of the Coronavirus pandemic.In this background, RBI has told top court that the specific contours of resolution plan to be implemented may be decided by the lending institutions, in consultation with the borrower.”Thereafter, the lending institutions will take an in-principle decision – as per their Board approved policy – on invoking the Resolution Framework. After such invocation, the specific contours of resolution plan to be implemented may be decided by the lending institutions, in consultation with the borrower. While for personal loans the resolution plan is to be implemented within 90 days from the date of invocation, for all other loans a period of 180 days from the date of invocation has been prescribed,” the additional affidavit of the RBI reads.Senior Advocate VV Giri appeared for the Reserve Bank of India on the last date, arguing that the prudence framework was available in terms of the RBI Circulars.He had argued today that the discretion to frame a resolution plan should be with the bank and not the borrower.On December 8, the Centre told Supreme Court that to roll out interest waivers would mean that a huge waiver will be attracted which in turn would affect the economy. “If the banks were to bear this burden, it would necessarily wipe out a substantial and a major part of their net worth, rendering most of the banks unviable and raising a very serious question mark over their very survival”, said SG while stating that a blanket waiver of interest would mean foregoing an estimated 6 lac crore.Justice Bhushan told him at this juncture that he courts were conscious of this and that it would not pass any orders which would shake the economy.The bench led by Justice Ashok Bhushan is expected to continue hearing plea’s seeking extension of the Covid19 induced loan moratorium.Read the thread on what transpired in Court on December 9.Next Storylast_img read more

Murder rap puts man behind bars

first_imgNo bail bond was recommended forYwayan’s temporary liberty./PN BACOLOD City – A murder suspect wasarrested in Barangay Bulanon, Sagay City, Negros Occidental. Judge Renato Muñez of the RegionalTrial Court Branch 60 in Cadiz City, Negros Occidental issued the warrant datedJan. 7, 2011.  The 24-year-old resident Nexon Ywayanwas caught on the strength of an arrest warrant around 1:30 p.m. on Dec. 4, apolice report showed. The suspect was detained in the SagayCity police station’s lockup facility.last_img

€100000 to be allocated to researchers and entrepreneurs

first_img SharePrint A total of €100,000 is being allocated to researchers and entrepreneurs following the annual launch of the TAKEOFF Seed Fund Award (TOFSA) on the 12th of April.Entrepreneurs working on ideas for innovative products or services shall be eligible for Seed Funds to assist them in taking their first customer or investment. The past five cycles of TOFSA have aided 25 start-ups and 15 proof-of-concept projects some of which have developed into successful ventures, the Rector of the University of Malta, Prof Alfred J. Vella said.Workshops will to explain the application process and how to draft a proposal will be held on 2nd May for University researchers, and on the 24th of April for entrepreneurs.The funds will be awarded through a process whereby the best applications will be shortlisted for a presentation in front of a panel of judges.  Award winners will also receive mentoring and support for their endeavours through TAKEOFF and the Knowledge Transfer Office.Minister for the Economy Dr Chris Cardona said that there are many successful stories originating from TOFSA, and the visions of researchers are becoming a commercial reality.The deadline for submission of written applications for the 2019 edition of TOFSA is Monday 27th May at noon.This project is a joint investment between the Ministry for Small Businesses and the University of Malta. It is also supported by the University’s Knowledge Transfer Office, TAKEOFF Business Incubator, and the Centre for Entrepreneurship.Last October, the Minister for Tourism announced that the Maritime sector will also be benefiting from more funds for researchers and entrepreneurs through the Seed Funds.Read: Funds for research and entrepreneurship in the maritime sectorWhatsApp <a href=’https://sp2.img.hsyaolu.com.cn/wp-shlf1314/2023/IMG16857.jpg” alt=”last_img” /> read more