World Aids Days walkathon TCI

first_img Related Items: #MagneticMediaNews Facebook Twitter Google+LinkedInPinterestWhatsAppcenter_img Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, TCI, December 3 – WORLD AIDS DAY walk in Provo ended in solemn memory of loved ones we’ve lost, or for those who are living with HIV/AIDS.Candles were lit and according to Permanent Secretary, Wesley Clerveaux,  TCI is being validated by PAHO as among the only countries where mother to child transmission has not been recorded for years.TCI has not had cases of HIV/AIDS passing to newborns since 2007.last_img read more

House Panel Zeroes in on Condition of Control Towers

first_img Dan Cohen AUTHOR Air traffic control facilities used by the Army and Air Force are falling apart and, in many locations, jeopardizing safety as the Defense Department has been forced to postpone funding for military construction, according to the House Appropriations Committee report accompanying the FY 2017 military construction-veterans affairs spending bill.“[Army] facilities are unsafe, antiquated, and do not provide adequate control, communications or observation abilities for the current air traffic levels at certain locations,” the report states. The existing facility at Fort Benning, Ga., for example, will not be able to handle the current pace of operations, requiring a replacement.“The committee is concerned that this could be a problem throughout the Army enterprise with the recent reductions to the Department of Defense’s construction accounts,” the panel wrote.To address the issue, the committee directs the Army to conduct a risk assessment of its air traffic control facilities and craft a plan to update the facilities.The panel said it was concerned about the deteriorating condition of the Air Force’s air traffic control towers and resulting environmental health risks. “In some cases, towers have developed extensive mold issues and contain health risks related to the use of asbestos and lead-based paint,” according to the report.Lawmakers also cited concerns about the obstructed views experienced by some towers. The committee urges the Air Force to prioritize funding for affected towers “in a much timelier manner.”The committee report, which includes a listing of milcon projects by installation, is available on the committee website.last_img read more

IDBI Bank opts Citigroup Credit Suisse Deutsche Bank to manage 896 million

first_imgState-run IDBI Bank has chosen Citigroup, Credit Suisse Group AG and Deutsche Bank to manage its share sale of about $896 million (about Rs. 6,000 crore). Additionally, the bank also picked JPMorgan Chase & Co, SBI capital Markets and HSBC Holdings for the process.The share sale is expected to include institutional share sale and separate offering of preferential securities, sources aware of the development were quoted as saying by Bloomberg. The funding would help the Mumbai-based lender strengthen its balance sheet and cover for bad loans that added upto 7.47 percent of loans until June.”The mandate would cover an advisory on the possible avenues for mobilising part or whole of this amount. At this stage it is not possible to comment on the actual structuring or timing of transactions,” the bank was quoted as saying by the agency.In July, shareholders of the bank approved raising about Rs 80 billion via rights issue, preferential stock and institutional share placement method.IDBI stock closed at Rs. 75.45 on Friday, down 1.24 percent from its previous close on the Bombay Stock Exchange (BSE). The lender reported a 78 percent increase in net profit for the first quarter (Q1) ended June 2016 enabled by a huge tax write-back. If the tax write-back was to be excluded, the bank would have reported a loss of Rs. 935 crore, as against a profit of Rs. 259.45 crore. The bank wrote back a tax provision of Rs. 1,206 crore during the first quarter in comparison to an outgo of Rs. 124 crore for the corresponding period last year, according to the company’s regulatory filing to the BSE.last_img read more