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Foreign funds invested in India can't be taxed as unexplained income: ITAT



The domestic tax provisions relating to unexplained investments or unexplained income would not apply in such cases and the individual would be governed by the tax treaty (which in this case was the Indo-UAE tax treaty), observed the ITAT.



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Business News | Stock and Share Market News | Finance News




























While strong 2-year earnings growth prospects drive our positive outlook for the equity market, the near-term outlook is cautious, and the focus could now shift much more towards specific stocks..







Name Price Change % Chg
Indiabulls Hsg 246.55 19.90 8.78
Sbi 470.50 -20.05 -4.09
Ntpc 128.85 -6.35 -4.7
Rec 130.05 -3.65 -2.73

YOUR OPINION


Which of these youngsters will score more runs this ipl?

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IPO Snapshot

Equity Type Issue Price Issue Size Lot Size Issue Open Issue Close
Star Health View Profile IPO 870 7318.15 16 30-11 02-12
Tega View Profile IPO 443 605.56 – 619.23 33 01-12 03-12
DMR Hydroengine View Profile SME IPO 21 2.09 6000 24-11 29-11
Equity Issue Price Listing Date Listing Open Listing Close Listing Gains % CMP Current Gains %
Latent View 197 23-11 530.00 488.60 148.02 695.95 253.27
Sapphire Foods 1180 18-11 1311.00 1216.05 3.06 1,115.60 -5.46
One 97(Paytm) 2150 18-11 1955.00 1564.15 -27.25 1,781.15 -17.16
Suyog Gurbaxani 45 16-11 45.15 45.10 0.22 45.15 0.33
Scheme Fund Class Info Order form Open Date Close Date
No NFO details available.
Equity Type Issue Price Issue Size Lot Size Subscription Issue Open Issue Close
Tarsons Product View Profile IPO 635 988.2 – 1030.22 0 2.27 15-11 17-11
Omnipotent View Profile SME IPO 63 18.9 0 16-11 22-11
Go Fashion View Profile IPO 655 968.53 – 1020.2 0 135.46 17-11 22-11

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Ajay Jain
CEO, ajayastromoneyguru

29 Nov – 14:00 hrs

What do stars foretell?



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CEO, ajayastromoneyguru

29 Nov – 14:00 hrs

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country = india
page generated = 2021-11-27 15:58:14



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The rich are getting richer — and they’re fueling a private jet boom


Private jet demand is booming — to the extent that companies can’t produce them quickly enough and buyers are facing extended wait periods for deliveries.

Even secondhand business jets are vanishing from the market.     

“If you look at today compared to 2019, the market has almost exploded,” John Schmidt, global aerospace and defense industry lead at consultancy Accenture, told CNBC at the Dubai Air Show.  

The pandemic has converted a lot of travelers to private flying, many for the first time. But analysts say the trend is primarily attributable to a wealth boom in the last year and a half, specifically at the top echelons of society as more companies go public, the stock market hits record highs and spenders enjoy an extended period of low interest rates.  

Business jet take-offs and landings in the U.S. are up 40% year-on-year — and at their highest point since before the 2008 financial crisis, according to Morgan Stanley.  

Public listings by companies in the U.S. have already hit record highs in 2021. Data from Jefferies Equity Research shows that as IPO activity climbed, the volume of business jet deliveries rose in correlation with it.  

The market is also drawing in individual buyers looking for safer and more exclusive travel that guarantees greater reliability than commercial flying, which has been hampered by Covid-19 travel regulations.  

Amid the rise in demand in the high-end industry and rising inflation, prices of both new and used jets are are seeing their highest levels in years.  

Inventory of used jets — the proportion of aircraft for sale versus the number of said aircraft in existence globally — is at record lows, around or below 3% for most major jet manufacturers including Cessna, Dassault, Gulfstream, Bombardier and Embraer, Jefferies says.  

Private flight activity is not only up in the U.S. but also 20% higher in Europe, Schmidt said. “Things are really tight in used business jet aircraft, inventories the lowest we’ve seen in years, and yet prices are 20 to 30% higher,” he added. “So it’s a really hot market right now.” 

New customers 

First-time entrants to the private jet market now make up over 30% of buyers, according to a recent report by Goldman Sachs. For Embraer Chief Commercial Officer Stephen Friedrich, what stands out is the growth in consumer base.   

“The addressable market right now for business jets has expanded. The pie has gotten bigger,” Friedrich said. “And the result is from continued wealth creation of over 12% when you take a look at the billionaires in the world, but also from what was traditionally Fortune 100 and large private companies.” 

“People are looking for ways to become more productive, more certain in the missions that they have to perform,” he added, describing business aviation as a “productivity tool.”  

“Can you fly direct from New York City to Muscle Shoals, Alabama, on a commercial flight? No,” Friedrich said. For the companies or individuals with the wealth to own a business jet, journeys that would take a full day of travel are reduced to a few hours.  

Cabin pressurization in business jets is also significantly lower than that of commercial airliners — for some, it’s less than half. That difference means passengers feel significantly less fatigued upon landing, making multiple city stops and meetings much easier. Embraer’s flagship Praetor 600 has a cabin altitude of 5,800 feet while Dassault’s Falcon 6X has a cabin altitude of 3,900 feet. Compare that to an average cabin altitude up to 8,000 feet for commercial jets.  

Private jet charter company VistaJet reported a 29% increase in new members over the past year, with 71% of new requests coming from passengers who did not regularly use private aviation before. 

It also found that more that half of its new private aviation users — 53% — will keep flying privately on a regular basis post-pandemic.  

Wealth creation since the pandemic has been starkly unequal, with U.S. billionaires getting approximately 62% richer – gaining more than $1.8 trillion– since March of 2020, according to U.S. think tank the Institute for Policy Studies.  

Sustainability issues  

Private jets were a fairly common sight at the COP26 climate summit in November, drawing intense criticism from environmental activists, who say that 1% of air travelers are responsible for 50% of the industry’s carbon emissions.  

A recent report by the European campaign group Transport & Environment found that private jets are 5 to 14 times more polluting per passenger than commercial planes and that in one hour, a single private jet can emit two tons of CO2. The group also found that in Europe alone, CO2 emissions from private jets increased by 31% between 2005 and 2019, outpacing the growth in commercial jet emissions.  

Executives in the industry say that sustainability is becoming a key priority for their businesses. Embraer has made a pledge to reach net-zero carbon emissions by 2040, and charter business jet provider VistaJet aims for the same by 2050.  

To this end, some carriers are starting to use sustainable aviation fuels, or SAF, which generate 80% less CO2 emissions over its full life cycle than fossil fuels. But the pickup has been slow so far.   

That’s because sustainable aviation fuels are expensive and difficult to obtain, said Accenture’s Schmidt, although there are currently more than 20 locations globally where sustainable aviation fuels can be found. Private jet charter service NetJets in November celebrated a year of using SAF, having flown 2.5 million nautical miles on the cleaner fuel. 

“I see (SAF) as being the next step in sustainability for business aviation, followed by new programs, new engines, and the continuation of technologies to drive sustainability,” Schmidt said.  

There are 3.7 billion gallons of SAF in forward purchase agreements, according to the International Air Transport Association. Twenty six million gallons of SAF will be produced in 2021, and some 45 airlines have experience using the fuels. More than 370,000 flights have been made using SAF since 2016. 

“What we found is we knew it was good for business to make sure that we had a sustainable product,” Embraer’s Friedrich said. “It’s not just the right thing to do, it’s also good for business. It’s the right thing to do for the company.”   

The coming years will tell whether companies’ promises result in long-term change. But given the spike in private flying, which industry analysts expect to continue, any substantial reduction in the damage it causes is likely a long way away. 



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East Delhi civic body proposes increase in property tax, new levies, Real Estate News, ET RealEstate


File photo

NEW DELHI: To improve revenue generation, East Delhi Municipal Corporation (EDMC) on Friday proposed an increase of 2-3% in property tax on residential and non-residential categories, 5% on government accommodation, 10 times (Rs 5 to Rs 50) increase in fees for sanctioning building plans, among other levies.

Presenting the proposed budget for financial year 2022-23, EDMC commissioner Vikas Anand proposed to increase property tax on residential properties in C, D and E categories from 11% to 13 %, and in F, G and H categories from 7% to 10%.

The tax proposed for A–E non-residential categories was 15% of the annual value of the property and 12% for F, G and H categories. A 20% tax was proposed for residential quarters of government companies, autonomous bodies, statutory corporation, etc against the existing 15%.

“Similarly, we have proposed new taxes, such as education cess, betterment and professional tax, some of which are already implemented in other states,” said Anand.

Till November 5, EDMC had collected Rs 112 crore as property tax against a total target of Rs 350 crore. Last year, Rs 209 crore was collected. “We are also emphasising on bringing more properties under the tax net. While UPIC numbers have been issued to 7 lakh dwelling units, we are assessing people liable to pay tax with the help of the councillors. As of now, we have 2.5 lakh regular taxpayers. Besides, 1.9 lakh new people have registered on the property tax portal,” said the commissioner.
For combating dust pollution due to illegal dumping of construction and demolition (C&D) waste, EDMC has issued an order for direct disposal/transportation of malba from all construction sites to the C&D waste processing plant at Shastri Park.

“While we have reduced the number of sites (from 61 to 17) for dumping waste in small quantities, there is a plan to start online services for collecting waste directly from properties at minimal charges,” Anand said.

To get better rankings in Swachh Survekshan 2022, EDMC would be giving maintenance of public toilets (50 to begin with), especially those meant for women, on a PPP basis to private organisations. Faecal sludge management would be done at selected places and the civic body would apply for ODF++ certificate.

“EDMC will provide a subsidy of Rs 25,000 or 25% of the cost of the machine, whichever is less, to bulk waste generators for processing their waste at source,” said the commissioner. Arrangements for e-waste disposal, scrap collection from houses and developing a technology park at New Jafrabad for treating floating material in drains have also been made.





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Business News | Stock and Share Market News | Finance News




























While strong 2-year earnings growth prospects drive our positive outlook for the equity market, the near-term outlook is cautious, and the focus could now shift much more towards specific stocks..







Name Price Change % Chg
Indiabulls Hsg 246.55 19.90 8.78
Sbi 470.50 -20.05 -4.09
Ntpc 128.85 -6.35 -4.7
Rec 130.05 -3.65 -2.73

YOUR OPINION


Which of these youngsters will score more runs this ipl?

COMMENTS

Thank You for Voting


IPO Snapshot

Equity Type Issue Price Issue Size Lot Size Issue Open Issue Close
Star Health View Profile IPO 870 7318.15 16 30-11 02-12
Tega View Profile IPO 443 605.56 – 619.23 33 01-12 03-12
DMR Hydroengine View Profile SME IPO 21 2.09 6000 24-11 29-11
Equity Issue Price Listing Date Listing Open Listing Close Listing Gains % CMP Current Gains %
Latent View 197 23-11 530.00 488.60 148.02 695.95 253.27
One 97(Paytm) 2150 18-11 1955.00 1564.15 -27.25 1,781.15 -17.16
Sapphire Foods 1180 18-11 1311.00 1216.05 3.06 1,115.60 -5.46
Suyog Gurbaxani 45 16-11 45.15 45.10 0.22 45.15 0.33
Scheme Fund Class Info Order form Open Date Close Date
No NFO details available.
Equity Type Issue Price Issue Size Lot Size Subscription Issue Open Issue Close
Tarsons Product View Profile IPO 635 988.2 – 1030.22 0 2.27 15-11 17-11
Omnipotent View Profile SME IPO 63 18.9 0 16-11 22-11
Go Fashion View Profile IPO 655 968.53 – 1020.2 0 135.46 17-11 22-11

chat box


Ajay Jain
CEO, ajayastromoneyguru

29 Nov – 14:00 hrs

What do stars foretell?



chat box


Ajay Jain
CEO, ajayastromoneyguru

29 Nov – 14:00 hrs

What do stars foretell?

Corporate Action


Company Name Agenda

No AGM / EGM available



Company Old FV New FV Ex-Splits
Splits details not present at the moment.


Company Ratio FV Ex-Rights
Rights details not present at the moment.


Company Name Last Price Change Market Cap Net Sales Net Profit Assets








country = india
page generated = 2021-11-27 14:57:12



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Star Inn at Harome: Michelin star restaurant burns down


(CNN) — A Michelin-star restaurant in northern England housed in a 14th century building has suffered significant damage after its thatched roof caught fire.

The Star Inn at Harome caught fire at 10.13 p.m. local time (5.13 p.m. ET) on Wednesday, according to the North Yorkshire Fire and Rescue Service.

The restaurant, which is located in the village of Harome in the county of North Yorkshire, posted about the incident on social media.

The building dates from the 14th century.

John Giles/PA Images/Reuters

“We are devastated to let everyone know that there has been a fire in our restaurant and pub that has been burning throughout the night,” wrote the restaurant in a Facebook post, adding that “thankfully no one was hurt.”

Staff also posted on Twitter.

“It’s been a long night so far…..I’m afraid we won’t be open for a while as we are reduced to ashes,” reads one tweet, which includes a short video of firefighters working to control the flames.

Fire crews from North Yorkshire Fire and Rescue Service used nine fire trucks, an aerial ladder platform and other equipment to battle the blaze, according to a statement.

“The fire in the thatched roof of the building caused extensive damage to the roof and roof space,” it said.

“Crews worked hard to prevent the fire spreading all along the thatched roof, meaning one end of the roof and the ground floor were saved from the fire.”

The service confirmed that all occupants were out of the property when crews arrived. The cause of the fire is not yet known.

Owner Andrew Pern told BBC Radio York that the property “didn’t really stand a chance” when the fire took hold.

“It means a lot,” said Pern of the building, struggling to hold back tears.

Pern said it would probably be around a year until the main dining area can reopen.

The Star Inn at Harome sits on the edge of the North York Moors National Park. It received one star from the Michelin Guide, which praised the “plush, luxurious feel” of the restaurant combined with a “characterful bar” that feels like a local pub.

“This is a place that proudly champions its home county,” the guide says, praising head chef Steve Smith’s ability to use local ingredients “to create rich, gutsy, flavor-driven dishes with a classical base and modern overtones.”

Top image credit: PA Images via Reuters Connect





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East Delhi civic body proposes increase in property tax, new levies, Real Estate News, ET RealEstate


File photo

NEW DELHI: To improve revenue generation, East Delhi Municipal Corporation (EDMC) on Friday proposed an increase of 2-3% in property tax on residential and non-residential categories, 5% on government accommodation, 10 times (Rs 5 to Rs 50) increase in fees for sanctioning building plans, among other levies.

Presenting the proposed budget for financial year 2022-23, EDMC commissioner Vikas Anand proposed to increase property tax on residential properties in C, D and E categories from 11% to 13 %, and in F, G and H categories from 7% to 10%.

The tax proposed for A–E non-residential categories was 15% of the annual value of the property and 12% for F, G and H categories. A 20% tax was proposed for residential quarters of government companies, autonomous bodies, statutory corporation, etc against the existing 15%.

“Similarly, we have proposed new taxes, such as education cess, betterment and professional tax, some of which are already implemented in other states,” said Anand.

Till November 5, EDMC had collected Rs 112 crore as property tax against a total target of Rs 350 crore. Last year, Rs 209 crore was collected. “We are also emphasising on bringing more properties under the tax net. While UPIC numbers have been issued to 7 lakh dwelling units, we are assessing people liable to pay tax with the help of the councillors. As of now, we have 2.5 lakh regular taxpayers. Besides, 1.9 lakh new people have registered on the property tax portal,” said the commissioner.
For combating dust pollution due to illegal dumping of construction and demolition (C&D) waste, EDMC has issued an order for direct disposal/transportation of malba from all construction sites to the C&D waste processing plant at Shastri Park.

“While we have reduced the number of sites (from 61 to 17) for dumping waste in small quantities, there is a plan to start online services for collecting waste directly from properties at minimal charges,” Anand said.

To get better rankings in Swachh Survekshan 2022, EDMC would be giving maintenance of public toilets (50 to begin with), especially those meant for women, on a PPP basis to private organisations. Faecal sludge management would be done at selected places and the civic body would apply for ODF++ certificate.

“EDMC will provide a subsidy of Rs 25,000 or 25% of the cost of the machine, whichever is less, to bulk waste generators for processing their waste at source,” said the commissioner. Arrangements for e-waste disposal, scrap collection from houses and developing a technology park at New Jafrabad for treating floating material in drains have also been made.





Source link

Business News | Stock and Share Market News | Finance News




























While strong 2-year earnings growth prospects drive our positive outlook for the equity market, the near-term outlook is cautious, and the focus could now shift much more towards specific stocks..







Name Price Change % Chg
Indiabulls Hsg 246.55 19.90 8.78
Sbi 470.50 -20.05 -4.09
Ntpc 128.85 -6.35 -4.7
Rec 130.05 -3.65 -2.73

YOUR OPINION


Which of these youngsters will score more runs this ipl?

COMMENTS

Thank You for Voting


IPO Snapshot

Equity Type Issue Price Issue Size Lot Size Issue Open Issue Close
Star Health View Profile IPO 870 7318.15 16 30-11 02-12
Tega View Profile IPO 443 605.56 – 619.23 33 01-12 03-12
DMR Hydroengine View Profile SME IPO 21 2.09 6000 24-11 29-11
Equity Issue Price Listing Date Listing Open Listing Close Listing Gains % CMP Current Gains %
Latent View 197 23-11 530.00 488.60 148.02 695.95 253.27
One 97(Paytm) 2150 18-11 1955.00 1564.15 -27.25 1,781.15 -17.16
Sapphire Foods 1180 18-11 1311.00 1216.05 3.06 1,115.60 -5.46
Suyog Gurbaxani 45 16-11 45.15 45.10 0.22 45.15 0.33
Scheme Fund Class Info Order form Open Date Close Date
No NFO details available.
Equity Type Issue Price Issue Size Lot Size Subscription Issue Open Issue Close
Tarsons Product View Profile IPO 635 988.2 – 1030.22 0 2.27 15-11 17-11
Omnipotent View Profile SME IPO 63 18.9 0 16-11 22-11
Go Fashion View Profile IPO 655 968.53 – 1020.2 0 135.46 17-11 22-11

chat box


Ajay Jain
CEO, ajayastromoneyguru

29 Nov – 14:00 hrs

What do stars foretell?



chat box


Ajay Jain
CEO, ajayastromoneyguru

29 Nov – 14:00 hrs

What do stars foretell?

Corporate Action


Company Name Agenda

No AGM / EGM available



Company Old FV New FV Ex-Splits
Splits details not present at the moment.


Company Ratio FV Ex-Rights
Rights details not present at the moment.


Company Name Last Price Change Market Cap Net Sales Net Profit Assets








country = india
page generated = 2021-11-27 13:54:16



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Ashok Pathirage, ET TravelWorld News, ET TravelWorld


Ashok Pathirage, Chairman, SriLankan Airlines, has said that there is huge untapped potential to increase capacities between Sri Lanka and India and the airline will be eyeing big on India market in coming years.

Addressing the media, Pathigare said that the airline sees opportunity to increase the number of weekly frequencies from 128 (pre- Covid) to 250 or more in the next three years.

In terms of tourism potential, Sri Lanka is a hidden treasure next door for Indians which takes less time than travelling to many domestic destinations. Sri Lanka receives only half a million Indian visitors, while there is potential to increase it by 5 million if supported by right promotions and marketing, he said. Same is with trade and investments. Sri Lanka, he said, is the most neutral country in the region for business and investments for Indians.

The airline will be resuming services between Colombo and the Indian points; Madurai, Tiruchirappalli, Trivandrum and Cochin with flights once a week, whilst Hyderabad and New Delhi will be connected to Colombo with twice-weekly flights.

Talking about the impact of Covid, Pathirage said that the airline has restructured itself and infused fresh blood during Covid to make SriLankan a powerful carrier in the region. In the light of the new events in the aviation sector in India, he said that SriLankan is fully geared for the competition.

While the revenues are back 75 per cent of the pre-Covid levels, he hopes to cover the deficit with international borders reopening slowly. However, it will take another year before the pre-Covid operational levels are achieved, he informed.





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Foreign funds invested in India can't be taxed as unexplained income: ITAT



The domestic tax provisions relating to unexplained investments or unexplained income would not apply in such cases and the individual would be governed by the tax treaty (which in this case was the Indo-UAE tax treaty), observed the ITAT.



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South Africa tourism in turmoil after variant sparks travel bans, ET TravelWorld News, ET TravelWorld


Helpless and furious, South African tour operators are flooded with cancellations as countries follow Britain‘s decision to ban travel from the region over the discovery of a new Coronavirus variant.

“This is a knee-jerk reaction but with such a strong snowball effect,” said Richard de la Rey of Dark Giraffe Marketing, which organises safaris and beach holidays in Mozambique, Tanzania and South Africa. “No one knows anything about this variant at all and they just assume the worst,” he huffed.

Hopes for a prolific post-pandemic tourist season were dashed in South Africa on Thursday, when scientists said they had detected a new Covid-19 variant with a large number of mutations. The variant, which goes by the scientific label B.1.1.529, is blamed for a recent surge in infections in Africa’s worst-hit country.

Just hours after it was announced, Britain said all flights from South Africa and its neighbours Namibia, Lesotho, Eswatini, Zimbabwe and Botswana would be prohibited from Friday. A slew of countries are following suit, including France, Germany, Italy and Singapore.

But the World Health Organisation cautioned against imposing travel restrictions, saying it would take weeks to understand the implications of the newly discovered strain. “Finally, we were starting to see the traction of recovery,” said Shelly Cox, who organises sustainable trips to Victoria Falls, one of Africa’s most coveted tourist attractions on the border between Zambia and Zimbabwe.

South Africa’s Foreign Ministry calls Britain’s closure of flights from South Africa and its neighbours, due to the surge in infections from the Covid variant- B.1.1.529, a rushed decision.

Scapegoat
High-paying foreign tourists were just starting to return to South Africa, renowned for its wildlife and natural vistas, after the country was shut off from the rest of the world for most of 2020.

Countries then blacklisted South Africa after another variant was found in December- a crippling blow as tourism directly accounts for three percent of the nation’s economy and provided more than 700,000 jobs before the pandemic. Britain only removed it from its dreaded Coronavirus “red list” in October this year, before which travellers were forced to undergo an expensive hotel quarantine upon return to the UK.

Maxine Mackintosh, a 28-year-old genomics researcher, landed in Johannesburg on Thursday and was scheduled to travel around South Africa for 10 days. By early afternoon Friday, she was airborne on her way back to the UK to avoid have to quarantine. “We were going to do fun touristy things… go to vineyards, climb up mountains, go surfing… I feel pretty frustrated because this is my first trip since the pandemic and I had been really looking forward to it,” said Mackintosh.

“As a safari operator we had seen a really nice uptick in October,” Andre Van Kets, Co-Founder of Discover Africa Group, told AFP. “Booking rates shot through the roof compared to the pandemic era and we were really optimistic… so to have the hand brake pulled up so suddenly is very significant,” he added.

International visitors represent 90 percent of the company’s clients. Most come from the UK and the United States, and Van Kets said he dreaded a similar announcement from the White House. Travel agencies were meanwhile swamped with holidaymakers seeking to change their bookings.

“We are mostly dealing with cancellations from people who cannot fly,” said Morongoe Khoboko, who works for Corporate Traveller Evolution in Johannesburg. “It’s been a crazy morning,” she exclaimed.

Many feel South Africa’s blacklisting in unjust. They note that the country has stricter Coronavirus rules than many Western nations, including mandatory face masks in public and caps on gatherings. “I am a real big rugby fan and I see stadiums full with 50,000 people… but South Africa is still the problem?” asked de la Rey.

Vaccine uptake has been low, however, with just around 35 per cent of the population fully jabbed after a slow campaign start and widespread hesitancy.

Governments “panic and I get that to a certain extent, but there has got to be a better way,” said de la Rey. “It seems we, and the African continent in general, are the scapegoat,” concluded de la Rey.





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ACB Raids in Karnataka: ACB ‘drains’ lakhs of rupees from pipe in Kalaburagi house | Bengaluru News


BENGALURU: Lakhs of rupees meant for laying public roads had not gone down the drain as it usually does. Instead, it had been hidden away in a drainage pipe of a junior government official’s house in north Karnataka. That is precisely what Anti-Corruption Bureau (ACB) sleuths found during the raid on a threestorey residence of Shanthagouda M Biradar, a junior engineer in the state public works department, in Kalaburagi on Wednesday.
The sleuths had to collect wads of currency notes, totaling Rs 13.5 lakh, in a bucket after cutting open the drainage pipe where the illegal money had been stored. The engineer had also concealed currency notes in the false ceiling of the house, ACB sources said. The cash seized from the pipe and ceiling added to Rs 54.5 lakh.

Not just cash, Biradar reportedly owned two houses in Kalaburagi, a site in Bengaluru, five vehicles, 36 acres of farmland and gold jewelry. “This is for the first time that we found cash hidden in a drainage pipe,” a senior ACB official said.
Besides Biradar, 14 other officials were searched at 68 places across the state. A total of 503 ACB personnel swooped down on the residences of government officials, who are suspected to possess assets disproportionate to their known sources of income.

Five raided officials from Bengaluru
At the end of the raids on the 15 officials, the ACB seized 16.5kg gold, 45kg silver, documents on sites and hundreds of acres of farmland reportedly amassed by the officials. A joint director of agriculture department in Gadag district, TS Rudreshappa, was found to be in possession of 9kg gold (including biscuits), 3kg silver and Rs 16 lakh in cash, apart from owning houses and sites. Five of the raided officials were from Bengaluru. What baffled the officials was the king-size life led by a group ‘D’ worker.

The raids come in the backdrop of an increase in complaints from people over rising corruption levels.
Watch On cam: ACB officials recover Rs 13 lakh from drainage pipe in Bengaluru JE’s house





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Bureau of Energy Efficiency awards E3 certification to Jindal Bricks, Real Estate News, ET RealEstate


NEW DELHI: Jindal Bricks, a manufacturer of machine-made bricks, unglazed ceramic cladding tiles, brick pavers & hollow blocks, has been awarded the Energy Efficient Enterprise (E3) certification by the Bureau of Energy Efficiency (BEE), the company said in a media release.

The E3 scheme is a voluntary certification offered by the BEE to accelerate the technology shift in the building industry and promote the adoption of energy-efficient building materials and sustainable building materials.

It is awarded based on three parameters to brick manufacturers – energy consumed in the manufacturing stage, energy consumed during the installation of the building material, and the amount of energy saved after installation.

The certificate was received in the category of market transformation initiative for energy efficiency in burnt-clay brick sector, for Jindal’s multi-hole bricks and hollow blocks.

Lakshay Jindal, director and CMO at ,Jindal Bricks, said, “We have a target of manufacturing net-zero energy products for buildings by 2025, where the energy required to manufacture, transport, and install, equals the energy saved after installation.”

Jindal Bricks claims to have over 65 varieties of bricks and tiles under its portfolio. The multi-hole extruded bricks are made from non-fertile or waste clay, and are of consistent quality and high durability, allowing buyers to save on materials like cement, plaster, POP, paint, and recurring maintenance costs, thereby increasing the sustainability of the building, the company said.





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Business News | Stock and Share Market News | Finance News




























This was driven by 52 percent growth in non-UPI payment volumes (GMV) and more than three times growth in financial services..







Name Price Change % Chg
Indiabulls Hsg 246.55 19.90 8.78
Sbi 470.50 -20.05 -4.09
Ntpc 128.85 -6.35 -4.7
Rec 130.05 -3.65 -2.73

YOUR OPINION


Which of these youngsters will score more runs this ipl?

COMMENTS

Thank You for Voting


IPO Snapshot

Equity Type Issue Price Issue Size Lot Size Issue Open Issue Close
Star Health View Profile IPO 870 7318.15 16 30-11 02-12
Tega View Profile IPO 443 605.56 – 619.23 33 01-12 03-12
DMR Hydroengine View Profile SME IPO 21 2.09 6000 24-11 29-11
Equity Issue Price Listing Date Listing Open Listing Close Listing Gains % CMP Current Gains %
Latent View 197 23-11 530.00 488.60 148.02 695.95 253.27
One 97(Paytm) 2150 18-11 1955.00 1564.15 -27.25 1,781.15 -17.16
Sapphire Foods 1180 18-11 1311.00 1216.05 3.06 1,115.60 -5.46
Suyog Gurbaxani 45 16-11 45.15 45.10 0.22 45.15 0.33
Scheme Fund Class Info Order form Open Date Close Date
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CAPA India to rebrand itself to CAPA Global in next few months, ET TravelWorld News, ET TravelWorld


Aviation consultancy and research firm, CAPA India has announced that it will rebrand itself into a new identity where it will be called CAPA Global, a transition where it will be spread its wings into travel space as well apart deep diving in aviation and aerospace sector. The process is likely to be completed by the first quarter of 2022.

Breaking the news, Kapil Kaul, CEO and Director, CAPA India during its Aviation Mid-Year Outlook Webinar said that the move is intended to take its research and consulting to more international markets. “We shall spread our wings and take our consulting, research, knowledge centre, digital transformation and transaction advisory services to more international markets,” he commented.


On the occasion, he also announced that they are coming back to organise physical events with the return of its aviation summit after a long halt due to the Covid-19 pandemic. Sharing details on the upcoming CAPA Summits he said they are organising the CAPA India Aviation Outlook Summit in March 2022 in New Delhi and CAPA India Aviation Investors Summit in September 2022.

Making a note on aviation sector in India, CAPA India during the outlook webinar said that a new, positive aviation sector could emerge in the country, but it requires appropriate institutional framework such as policy, regulation, taxation, skills, safety, security, coordination between stakeholders etc. “Without this, the outcomes will be sub-optimal,” it said.

The second quarter is always an acid test for the aviation sector, CAPA India predicts that the industry is expected to confront a series of challenges in the coming weeks and months, each of which could have a serious structural impact

According to CAPA India evaluation, Indian airlines are projected to lose a combined USD 3.5 to 4 billion in FY2022, compared with its forecast of USD 4.1 billion at the start of the year. Total losses of USD 7.5 to 8 billion across FY21 and FY22 will leave a long-term impact on Indian aviation sector, it commented.





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South Africa New Covid Variant: New Covid variant puts India on alert; govt calls for strict screening for travellers from 3 nations | India News


NEW DELHI: In the wake of multiple cases of new Covid-19 variant B.1.1529 reported in Botswana, South Africa and Hong Kong, the Centre has asked states to conduct “rigorous screening and testing” of all international travellers coming from and transiting through these countries.
The new variant is reported to have a significantly high number of mutations, and thus has serious public health implications for the country, the health ministry said, especially at a time when visa restrictions have been relaxed and international travel is opening up.

The Centre has also asked states and UTs to closely track and test the contacts of international travellers from these countries. Botswana has so far reported three cases, South Africa six and Hong Kong one case.

“lt is therefore imperative that all international travellers travelling from and transiting through these countries, (they are part of the “at risk” country category of international travellers coming to lndia) and also including all other “at risk” countries indicated in the revised guidelines for international arrivals issued by this ministry dated 11.11.2021, are subjected to rigorous screening and testing, as per health ministry guidelines,” health secretary Rajesh Bhushan said in a letter to all states on Thursday. Bhushan urged states to ensure that samples of travellers turning positive are sent to INSACOG genome sequencing laboratories promptly as per the ministry guidelines.

The state surveillance officers have also been asked to establish close coordination with their designated or tagged genome sequencing labs for expediting results of genomic analysis, to ensure necessary public health measures may be undertaken by the states and UTs in case presence of variants of concern is reported.





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Jewar airport’s builder to pay Rs 10 lakh per day for delay, Real Estate News, ET RealEstate


GREATER NOIDA: A penalty of Rs 10 lakh a day will be imposed on the concessionaire building Noida international airport if it exceeds the deadline of September 29, 2024.

A day after the airport project was launched by the PM, officials said when the concessionaire, Zurich AG, and the UP government had signed the final agreement, it had been decided the company would be liable to pay 0.1% of the bank guarantee it had deposited every day as liquidated damages if the project breached the deadline.

Zurich had deposited Rs 100 crore as the bank guarantee, which means it would have to pay a daily fine of Rs 10 lakh for any delay. YIAPL is the subsidiary of Zurich AG entrusted with the job of setting up the airport.

YIAPL is likely to submit a plan with a timeline for delivering various elements of the project, such as the terminal building, stations for metro and high-speed rail, the air traffic control tower, cargo and logistics centre, 186 aircraft stands, hotels and other real estate ventures, to the government by December 15.





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This was driven by 52 percent growth in non-UPI payment volumes (GMV) and more than three times growth in financial services..







Name Price Change % Chg
Indiabulls Hsg 246.55 19.90 8.78
Sbi 470.50 -20.05 -4.09
Ntpc 128.85 -6.35 -4.7
Rec 130.05 -3.65 -2.73

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Latent View 197 23-11 530.00 488.60 148.02 695.95 253.27
Sapphire Foods 1180 18-11 1311.00 1216.05 3.06 1,115.60 -5.46
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WHO says omicron strain is variant of concern


A nurse prepares the Pfizer-BioNTech Covid-19 vaccine for children for distribution in Montreal, Quebec on November 24, 2021.

ANDREJ IVANOV | AFP | Getty Images

The World Health Organization on Friday assigned the Greek letter omicron to a newly identified Covid variant in South Africa.

The U.N. health agency recognized the strain, first referred to as lineage B.1.1.529, as a variant of concern.

Health experts are deeply concerned about the transmissibility of the omicron variant given that it has an unusual constellation of mutations and a profile that is different from other variants of concern.

“Omicron, B.1.1.529, is named as a variant of concern because it has some concerning properties,” Maria Van Kerkhove, the WHO’s technical lead on Covid-19, said in a video published on Twitter. “This variant has a large number of mutations, and some of these mutations have some worrying characteristics.”

Experts fear that the sharp upswing of Covid cases in South Africa’s Gauteng province — where the heavily mutated strain of the virus was first identified — could mean it has greater potential to escape prior immunity than other variants. The number of omicron cases “appears to be increasing” in almost all of South Africa’s provinces, the WHO reported.

The organization only labels Covid strains as variants of concern when they’re more transmissible, more virulent or more adept at eluding public health measures, including vaccines and therapeutics. Data presented at a briefing Thursday hosted by South Africa’s Department of Health indicates that some of omicron’s mutations are connected with improved antibody resistance, which could reduce the protection offered by vaccines.

Certain mutations could also make omicron more contagious, while others haven’t been reported until now, preventing researchers from understanding how they could impact the strain’s behavior, according to a presentation at the briefing.

“Preliminary evidence suggests an increased risk of reinfection with this variant, as compared to other VOCs,” the WHO said in a statement released Friday.

The designation of a new variant of concern coupled with mounting alarm from health officials sent global markets into a tailspin Friday. Oil prices and travel and leisure stocks took heavy losses on the news.

WHO has said it will take weeks to understand how the variant may affect diagnostics, therapeutics and vaccines.

What do we know so far?

South African scientist Tulio de Oliveira said at a media briefing Thursday that the omicron variant contains around 50 mutations but more than 30 of these are in the spike protein, the region of the protein that interacts with human cells prior to cell entry.

What’s more, the receptor binding domain — the part of the virus that first makes contact with our cells — has 10 mutations, far greater than just two for the delta Covid variant, which spread rapidly earlier this year to become the dominant strain worldwide.

This level of mutation means it most likely came from a single patient who could not clear the virus, giving it the chance to genetically evolve. The same hypothesis was proposed for the Covid variant alpha.

“There’s a lot of work that is ongoing in South Africa and in other countries to better characterize the variant itself in terms of transmissibility, in terms of severity and any impact on our countermeasures, like the use of diagnostics, therapeutics or vaccines,” Van Kerkhove said. “So far there’s little information, but those studies are underway.”

Around 100 omicron variant genomes have been identified in South Africa, mostly in the Gauteng province. The variant has also been detected in Israel, Botswana and Hong Kong.

Many of the mutations identified in the omicron variant are linked to increased antibody resistance, which may reduce the effectiveness of vaccines and affect how the virus behaves with regard to inoculation, treatments and transmissibility, health officials have said.

Passengers wait at Frankfurt Airport.

Boris Roessler | picture alliance | Getty Images

“There are two approaches to what happens next: Wait for more scientific evidence, or act now and row back later if it wasn’t required,” said Sharon Peacock, professor of public health and microbiology at the University of Cambridge.

“I believe that it is better to ‘go hard, go early and go fast’ and apologise if mistaken, than to take an academic view that we need to reach a tipping point in evidence before action is taken. Rapid spread in South Africa could be due to super-spreader events or other factors. But there are sufficient red flags to assume the worst rather than hope for the best — and take a precautionary approach,” Peacock said.

The European Union, the U.K., Israel, Singapore and the U.S. are among the countries imposing travel restrictions on southern African nations.

The WHO has cautioned countries against hastily imposing travel restrictions, saying they should instead take a “risk-based scientific approach.”

South Africa’s foreign ministry said Friday morning that the U.K.’s decision to take precautionary measures “seems to have been rushed as even the WHO is yet to advise on the next steps.”

— CNBC’s Elliot Smith contributed to this report.



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‘In name of freedom of expression’: Forces with colonial mindset disrupting India’s development journey, says PM Modi | India News


NEW DELHI: Prime Minister Narendra Modi on Friday accused forces with a colonial mindset, both within the country and outside, of disrupting India’s development journey.
“Today, there may be no colonies in the world, but that does not mean the colonial mindset has ended. The obstacles put in the path of development of developing countries is a clear example of the disruptions being caused by the colonial mindset of some nations,” PM Modi said at a Constitution Day event organised by the Supreme Court.
“There is an attempt to deny the developing countries those very resources and the development path which the developed countries once used for their growth,” he said.
“India is the only country which is on the way to achieve the targets of Paris agreement ahead of schedule. Despite that there is an attempt to create pressure on India in the name of environment. This is the result of the colonial mindset,” PM said.
The Prime Minister also accused forces within the country of having colonial mindset and blamed them for disrupting country’s growth story.
“Unfortunately, even in our country hurdles are being put in the path of development due to such mindset. Sometimes they do this in the name of freedom of expression and sometimes they use some other excuse to do this,” PM Modi said.
(With agency inputs)





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Evergrande founder sells 9% stake for $344 million amid debt crunch, Real Estate News, ET RealEstate


File Photo

HONG KONG: The chairman of China Evergrande Group Hui Ka Yan sold 1.2 billion shares in the company at an average price of HK$2.23 each on Thursday, Hong Kong Stock Exchange filings show.

The share sale, which is worth a total of HK$2.68 billion ($344 million), lowers Hui’s stake in the Shenzhen-based real estate company to 67.9% from 77%.

Evergrande has been stumbling from debt deadline to deadline as it grapples with more than $300 billion in liabilities and Chinese authorities have told Hui, 63, to use some of his personal wealth to help pay bondholders, sources have said.

Hui, who is the property developer’s founder, is now freeing up funds by selling luxury assets including art, calligraphy and three high-end homes.

Evergrande failed to pay coupons totalling $82.5 million due on Nov. 6 and investors are on tenterhooks to see if it can meet its obligations before a 30-day grace period ends on Dec 6.

Hui’s share sale represented a 19.8% discount to Wednesday closing price of HK$2.78. Data from the exchange shows block trades priced at HK$2.23 per share were carried out in the pre-market on Thursday.

Before the filings, Evergrande shares closed down 10.4% at HK$2.5, versus a 2.7% drop in the broader market.





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The benchmark index Sensex has fallen about 3,000 points, or 5 percent, from its closing high of 61,765..







Name Price Change % Chg
Indiabulls Hsg 246.55 19.90 8.78
Sbi 470.50 -20.05 -4.09
Ntpc 128.85 -6.35 -4.7
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Star Health View Profile IPO 870 7318.15 16 30-11 02-12
Tega View Profile IPO 443 605.56 – 619.23 33 01-12 03-12
DMR Hydroengine View Profile SME IPO 21 2.09 6000 24-11 29-11
Equity Issue Price Listing Date Listing Open Listing Close Listing Gains % CMP Current Gains %
Latent View 197 23-11 530.00 488.60 148.02 695.95 253.27
One 97(Paytm) 2150 18-11 1955.00 1564.15 -27.25 1,781.15 -17.16
Sapphire Foods 1180 18-11 1311.00 1216.05 3.06 1,115.60 -5.46
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29 Nov – 14:00 hrs

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A British guy crashed her Thanksgiving dinner. They’ve been married for 20 years


(CNN) — It was November 1997 and Dina Honour was hosting Thanksgiving dinner for the first time. The then 27-year-old had invited a group of New York City friends who, like her, had decided to stay in the city over the holidays.

It has been a tough year for Honour. She’d been suffering from depression after a bad relationship.

“I had slowly found my way back to a sense of normal, and was not looking for love,” Honour tells CNN Travel today.

Instead, Honour was focusing on hosting her friends for the holiday. She’d set up a dining table in the two-bed apartment she shared with a roommate in Brooklyn. Her sister had traveled over from Boston. She’d busied herself all morning mashing potato and roasting turkey.

She’d asked each guest to bring along something to contribute to the spread. Soon her friends started to trickle in, bearing holiday tidings, holding cornbread, pies and cranberry sauce.

Then Honour opened the door to one friend, only to realize he had two mystery guests in tow.

It wasn’t the kind of gathering where surprise plus-ones were welcome.

“I was not happy,” recalls Honour. “But then I got a look at him. And I said ‘Okay.'”

“Him” was Richard Steggall, a 25-year-old Brit on vacation in New York for the first time. He’d traveled to the US with a good friend who had a brother living in NYC. This brother was a friend of Honour’s and had been invited to her party.

“I didn’t know what Thanksgiving was at the time, to be honest, I had no idea,” says Steggall today. “Growing up in the UK, I was vaguely aware, but I had no idea of the significance of the holiday whatsoever.”

Steggall and his friends had spent their vacation soaking up New York, going out clubbing in the evenings and exploring the sights in the daytime.

The morning of November 27, they’d woken up late, having been out the night before. They were looking for somewhere to get a bite to eat.

The American in their group explained it was a national holiday, and most restaurants would be closed.

“But I know of a party going on where they might have some food,” he’d said.

“That’s how he pitched it to us,” recalls Steggall. “We had no idea it was going be a semi-formal Thanksgiving dinner, much like Christmas would be in the UK.”

Steggall had his first inkling that turning up uninvited was a bit of a faux pas when he saw Honour’s expression when she opened her apartment door.

But he was also instantly captivated.

“From the start, I was entranced by Dina,” he says today.

The feeling was mutual. Honour’s frustration at the unexpected guests was quickly tempered by her instant attraction to Steggall.

“I thought he was very, very handsome,” she says. “You can’t make it up, right? The tall dark stranger who comes to your door on Thanksgiving.”

She led the interlopers into the apartment. Steggall and his fellow Brit, feeling awkward, tried to make themselves as unobtrusive as possible.

“The other uninvited guest and myself sort of hid in the corner for a little bit, just trying to keep a low profile,” says Steggall.

From his spot in the corner, Steggall watched Honour circulating the room.

“I thought she was beautiful. To me, coming from London, she was this New York woman,” he says. “She was strong, confident, sort of loud, but funny — just exuding life. And I was just smitten from the start.”

Steggall asked a few of the guests about Honour, but he didn’t speak to her directly — he didn’t want to disturb the hostess he’d already offended by turning up in the first place.

Bonding over pumpkin pie

As dessert rolled around, Honour approached Steggall with a slice of pumpkin pie and whipped cream — a quintessential Thanksgiving dessert that’s far from common in the UK.

Steggall had never tried it before, and readily accepted.

The two started talking. Honour, who loves literature, dropped a reference to Shakespeare’s Ophelia into the conversation. Steggall picked up on it — he knew “Hamlet,” he said.

“It was like a little light came on,” says Honour. “Not many guys you meet at a party — in between beer and pumpkin pie — are going to be happy to have a conversation about ‘Hamlet.'”

The two spent the rest of the night talking, striking up a quick bond.

“I think we had so much in common in our outlook on life, and the things that were important to us as people and human beings, and the way that we view the world, and the things that we wanted from life,” says Steggall.

“You can’t make it up, right? The tall dark stranger who comes to your door on Thanksgiving.”

Dina Honour

After they’d finished up dinner, the group went out to a bar. There, Honour and Steggall were so focused on one another that Honour recalls her sister, who’d traveled all the way from Boston for the gathering, being a bit annoyed.

“We sat at the bar on bar stools facing one another, and kind of ignored everybody else,” she says. “We spent all night talking, all day the next day.”

Friday afternoon Steggall was due to fly back to London.

Honour accompanied him to the subway station and they said goodbye on the platform.

As the doors closed on the train, Honour recalls feeling a sense of certainty.

“It was really something intuitive and instinctive,” she says now.

Back at her apartment, Honour confided in her sister:

“That’s the man I’m going to marry.”

Falling in love over the phone

Steggall and Honour say their connection was instant.

Courtesy Dina Honour

When he’d traveled to New York, Steggall had been seeing someone back in London. The first thing he did when he landed back in the UK was call that off.

“I didn’t quite know what was going to happen,” he says, “But I felt it was the right thing to do.”

The next day, Honour called him from New York.

And so began a month of daily, long-distance phone conversations, and the occasional letter sent across the Atlantic.

“We had a sort of old-fashioned courtship over the phone,” says Honour.

She was working as a substitute teacher at the time, and would phone Steggall from the school break room.

Steggall was working as a flower and Christmas tree seller in Chelsea, London, occasionally DJing in the evening. He’d speak to Honour when he got back from a long work-day, or before heading out to a club.

It was mid-December when Steggall suggested it.

“Listen,” said Steggall. “Why don’t you come over to London for Christmas?”

“I don’t know. It’s a lot. It’s Christmas. I didn’t spend Thanksgiving with my family. I should spend Christmas with them,” Honour recalls thinking.

She was also hesitant to put her heart on her line. She’d had that difficult break up earlier in the year and had just got herself back to a place of contentment.

But ringing around her head was the thought that she should seize this moment.

“I don’t want to regret not doing this,” she remembers thinking. “If this is the chance, I don’t want to miss out on it.”

One cold December day, she went to a travel agent and walked out holding a plane ticket to London in her hands.

“It was a commitment, a tangible thing,” she says. “I think I was willing to take a chance, hoping that it went well, but also knowing that if it didn’t, it wasn’t going to be the end of my world.”

Honour says that feeling that she’d be okay whatever happened came from the sense of self that she’d worked hard to cultivate after her tough year. She was confident in the connection with Steggall, but also confident in herself.

Her friends and family were “cautiously optimistic” she says. They supported her decision, and hoped her faith in Steggall would prove well founded.

A Christmas reunion

Honour flew from New York to London on Christmas Day. At Heathrow Airport arrivals, Steggall was waiting for her. It was 9 p.m. at night, and he was holding a bouquet of his Chelsea flowers.

Steggall had told his friends and family that he’d met someone while on vacation in New York. But he hadn’t had much time to share many details about this burgeoning connection.

“It all happened so quickly between November and December — and with working selling flowers and selling Christmas trees, the whole of the end of November, and the whole of December, it’s full-on, it’s sort of 20-hour days.”

In the UK, December 26 is known as Boxing Day and is also a national holiday. On Boxing Day morning, Steggall and Honour traveled together to his parents’ house.

“It’s a tradition in our family to have a sort of a Champagne brunch with smoked salmon, and so all of the family’s sitting around the table having a drink of Champagne and in comes Dina and I,” recalls Steggall.

He introduced her to his family, then excused himself momentarily. When he returned, Honour was “holding court,” drinking and chatting with his family.

“I left her in the room with my mum and dad and my uncle and aunt and my sister and they got on famously,” says Steggall.

“They were all incredibly nice,” says Honour.

“My parents were so happy that I had met someone, and it was clearly love from the start — and I think they will tell you that they could completely see a change in me, and see how happy I was,” says Steggall.

Later that day, Steggall surprised Honour with a plane ticket. The two were going to fly to the island of Majorca in Spain with some of Steggall’s friends for New Year’s Eve.

It was a great trip, says Honour, even if she had to negotiate a bit of curious grilling from her new boyfriend’s friends.

When the festive period was over, she had to return to the US. But Steggall booked a spontaneous New York weekend towards the end of January 1998, while Honour flew to London for Valentine’s Day.

For that holiday, the couple hired a sports car and stayed in a swanky hotel in Richmond, west London.

“This was all out of our comfort zone at the time, but we tried to sort of recreate this romantic weekend,” says Steggall.

He’d bought a suit and pair of smart shoes for the first time, and recalls nearly falling down the stairs at the hotel because the shoes weren’t worn in properly.

Moving to New York

Then in spring 1998, Steggall packed up his job at the flower market and traveled to New York for three months, intending to spend the summer with Honour.

It wasn’t supposed to be permanent, but looking back, he reckons his friends and family knew better.

“The goodbyes that we had, and some of the parties that were thrown, had a more air of finality about it than it’s just a three-month thing — it was really a sending off for a new life.”

Still, Steggall arrived with only a green duffel bag of clothes. He moved into Honour’s apartment, the same one he’d turned up at, uninvited, the previous Thanksgiving.

They spent the hot days of summer together, exploring the city, wandering around Central Park and the East Village, cementing their certainty that they wanted to be together long term.

While they felt marriage could be in their future, the couple say they didn’t want to get married at that point, even if it could have been a way to ensure Steggall could stay in the US.

“I think we were both really clear that, ‘Yes, we want you to say, and we’ll figure out a way to do that, and yes, maybe down the road, there will be marriage.’ But those two things were very separate, I think for both of us,” says Honour.

So Steggall started looking for jobs that came with a visa, and ended up with a role at the United Nations.

“When you tell the story to people, and they can’t quite believe that it’s true — they think you’re some spy working for the UN or something,” jokes Steggall.

It was an amazing opportunity career-wise. Steggall and Honour started to settle down together properly in New York.

A New Year’s Eve proposal

The couple got engaged at a New Year’s Eve party in 1999. This photo was taken right after Steggall asked her to marry him as the clock struck midnight.

Courtesy Dina Honour

The couple’s story had started on Thanksgiving and continued at Christmas. And on New Year’s Eve 1999, the two started a new chapter together when Steggall proposed at the advent of the new millennium.

The couple recall watching the fireworks explode over Sydney Harbour on CNN that morning. Honour was marveling at the display, but Steggall was quiet with nerves.

“I was sitting there, really nervous and grumpy. And Dina’s like, ‘What’s the matter with you, it’s New Year’s Eve, and it’s the millennium?'” says Steggall, laughing.

That evening, they headed to a friend’s party in a high-rise apartment looking out over the city. By this point, Steggall’s nerves were even worse.

“I was struggling to hold it together a little bit, I had started telling people,” he says. “I shared it with a couple of people, who were so excited.”

More friends found out when Steggall failed to open a bottle of Champagne because his hands were shaking so much.

He handed it to someone else and pushed through the crowd to find Honour. As the clock struck midnight, he asked her to marry him.

“I believe I accidentally kicked him in the shin in excitement,” she says.

The couple got married in April 2001 at a venue called the Manhattan Penthouse on Fifth Avenue, overlooking the New York skyline.

Courtesy Dina Honour

The couple were married in April 2001 in New York, at a venue called the Manhattan Penthouse on Fifth Avenue. Their British friends and family stayed in the glamorous hotels surrounding Union Square.

“We wanted to give our friends and family who were coming in — especially from London, but also from where I grew up, near Boston — a real New York experience, so we chose a place on the top floor, windows on all sides,” says Honour.

Guests admired views of the Empire State Building as they toasted the couple’s future.

Afterwards, Honour and Steggall hired limos to send guests on their way. Some went to bars on Union Square, or enjoyed nightcaps at their hotels.

“There are all sorts of stories of where people ended up,” says Steggall. “My father was last seen in a limousine — I’m not sure if this is real, but it’s become real — standing up out of the sunroof, pointing up town, as the limo went up Broadway. I think it’s probably an urban myth, but it’s become part of our family legend.”

A new chapter in Europe

The couple lived in New York City together for ten years, welcoming two sons there. Here they are with their oldest child in 2004.

Courtesy Dina Honour

Following an “amazing” honeymoon in Australia, Steggall and Honour continued to enjoy life in New York, later welcoming two sons.

And in 2008, their life took a new turn when the family moved to Nicosia, Cyprus, for Steggall’s UN work.

When the opportunity arose to relocate, the couple were starting to feel they’d outgrown their New York apartment. Steggall, who’d always had a bit of wanderlust, was itching for a new adventure.

Still, the decision to up sticks to Cyprus wasn’t an easy one. Their youngest son was only six months old at the time. Plus, Honour says she’s the more risk-averse of the two, and she wasn’t sure at first. But after a long conversation, the couple decided to go for it.

“We decided that the pros outweighed the cons,” says Honour.

Steggall and Honour moved to Cyprus with their family and later Copenhagen, pictured here.

Courtesy Dina Honour

In Nicosia, the couple struggled with a bit of culture shock at first, but eventually made good friends, embracing the Mediterranean lifestyle, pleased their kids were growing up among beautiful scenery and sunshine.

“I think it changed our mindset a lot about what kind of life we could have,” says Steggall.

So much so, that instead of returning to New York City as they’d always assumed they would, the family later relocated to Copenhagen.

Fast forward to 2021 and Steggall and Honour are still based in Denmark. Their kids are 17 and 13, and might be New Yorkers by birth, but they’ve been brought up across Europe, and love to travel.

Thanksgiving traditions

Thanksgiving remains an important holiday for Steggall and Honour.

Courtesy Dina Honour

It’s over 10 years since Steggall and Honour last lived in the US, but Thanksgiving remains an important date for the couple — the holiday brought them together, after all.

“The kids know the story, it’s become part of our family lore,” says Honour.

“It’s always a date in the calendar where we start to reflect on our lives and what’s happened and everything, the whole story from start to finish,” says Steggall.

Steggall adds that during his first few years of living in the US, Thanksgiving quickly became his favorite American holiday.

“It was magical because you would go and you would have this fantastic meal, you’d spend time with family and then the next day you would just sit in your sweatpants watching TV, everybody just together relaxing,” he recalls.

Here’s Honour and Steggall with their two teenage sons earlier in 2021.

Courtesy Dina Honour

When Steggall and Honour first moved to Cyprus, they tried to recreate traditional US Thanksgiving traditions. But as they’ve settled into life in Europe, they’ve started celebrating the holiday in different ways.

This year, in Copenhagen, they went out for dinner as a family and reflected on what they’re grateful for.

And something Steggall and Honour will be forever grateful for is their chance meeting, connection and years of conversations.

“We still spend hours and hours and hours talking,” says Honour.

“Dina offering me that pumpkin pie was the start of that conversation, which has now been going on for 24 years,” says Steggall.



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Developed nations’ colonial mindset impeding India’s development: PM Modi | India News


NEW DELHI: Prime Minister Narendra Modi on Friday hit out at the colonial mindset of developed nations which is attempting to restrict developing nations like India from using those resources and paths which they themselves took to become developed and regretted that some in India are using western benchmarks and environment to impede the country’s progress
Speaking at the Constitution Day celebration at Vigyan Bhawan, the PM said, “Today there are no colonies of any country in the world, But, the colonial mindset has not ceased to exist. This mindset is giving birth to many skewed ideas. Glaring example of this is the impediments put in the (way of) progress of developing countries. The resources and the path which led to the western countries reaching the status of ‘developed’, today there is an attempt to restrict the same resources and the same path for the developing nations.”
“In the last few decades, these attempts have been variously nomenclatured. But, the internecine agenda of all these attempts is the same – stop the progress of developing nations. Environment as an issue is also being attempted to be hijacked to achieve this end. We saw its live example at CO a few weeks back,” he said.
Modi also said “separation of power” (between legislature, executive and Judiciary) is often talked about and forcefully reiterated. But in taking the country to new heights by the time it celebrates the centenary of independence, for which the government has set extraordinary goals, all institutions must come together in achieving those targets which are a common goal.
Without referring to numerous PILs by activists on environmental issues in the Supreme Court leading to stalling of many hydro-electric projects, road construction and power plants, the PM said though India is among the leading nations focussing on clean fuel and various green measures, and the only country which is going to achieve the goals set in Paris Agreement, various kinds of pressure is brought to bear to distract it from its goal of reaching the benefits of development to each and every citizen in every nook and corner of the country.
He said those who do this (impede development) do not face the consequences. “The consequences of their action cause distress to a mother whose child cannot study because of the stalling of a power plant, to a father who cannot take his ailing son to hospital because of under constructed roads. The impact is felt by the middle class, who cannot enjoy modern facilities as these go beyond what they can afford. This colonial mindset has turned the hopes and aspirations of crores of people into desperation,” he said.
“Judiciary has a big role in “Sabka Prayas’ (collective effort). In our discussions, we often hear and reiterate ‘separation of power’. Separation of power between the Executive, Judiciary and Legislature is very important. In the next 25 years, there is a need for collective resolve. Whatever the common man has today, he deserves much more… To make this dream come true, we all have to work with collective responsibility. Without compromising on the ‘separation of power’ we have to chart the roadmap for collective responsibility to take the country towards its desired goal,” the PM said.





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