National Bank of Malawi 2006 Annual Report

first_imgNational Bank of Malawi (NBM.mw) listed on the Malawi Stock Exchange under the Banking sector has released it’s 2006 annual report.For more information about National Bank of Malawi (NBM.mw) reports, abridged reports, interim earnings results and earnings presentations, visit the National Bank of Malawi (NBM.mw) company page on AfricanFinancials.Document: National Bank of Malawi (NBM.mw)  2006 annual report.Company ProfileNational Bank of Malawi is a leading financial institution in Malawi; providing solutions for retail, corporate and investment banking and stock broking services through a national network of 22 service branches. The parent company of National Bank of Malawi is Press Corporation Limited (PCL). Its subsidiaries include National Bank of Malawi Nominees Limited and Stockbroker Malawi Registered Limited. The financial institution operates two divisions; corporate banking and retail/personal banking. The corporate banking division specialises in providing financial services through packaged deals. The retail banking division provides personal banking solutions which include utility bill payments, Internet and mobile banking, and ATM facilities. A major revenue source for the National Bank of Malawi is its treasury division which includes a foreign exchange and money market operation. The National Bank of Malawi was established in 1971 with the merger of Barclays Bank DCO (Dominion Colonial Overseas) and Standard Bank (South Africa). National Bank of Malawi is listed on the Malawi Stock Exchangelast_img read more

National Tyre Services Limited (NTS.zw) 2015 Abridged Report

first_imgNational Tyre Services Limited (NTS.zw) listed on the Zimbabwe Stock Exchange under the Industrial holding sector has released it’s 2015 abridged results.For more information about National Tyre Services Limited (NTS.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the National Tyre Services Limited (NTS.zw) company page on AfricanFinancials.Document: National Tyre Services Limited (NTS.zw)  2015 abridged results.Company ProfileNational Tyre Services Limited is the largest distributor and retailer of new tyres and tubes for the automotive industry in Zimbabwe. Its focus is on re-lugging tyres used in the agricultural and earthmoving sector and the procurement of truck tyres for the Zimbabwe transport industry. Popular tyre brands sold by National Tyre Services include Dunlop, Firestone, Bridgestone, Yokohama, Pirelli, Bandag, Regal and Comforser. It offers products in its ranger catering for sedans, SUVs, off-road vehicles, light trucks and heavy-duty trucks and buses. Its service outlets deal with wheel alignment, wheel balancing, product support and inner tyre tubes. The company has a national footprint with 12 retail outlets in major towns and cities in Zimbabwe. The re-lugging factory is in Harare and Chiredzi and re-treading and procurement of truck tyres is done out of Harare and Bulawayo. National Tyre Services Limited is listed on the Zimbabwe Stock Exchangelast_img read more

Go Life International Limited (GOLI.mu) Q32020 Interim Report

first_imgGo Life International Limited (GOLI.mu) listed on the Stock Exchange of Mauritius under the Industrial holding sector has released it’s 2020 interim results for the third quarter.For more information about Go Life International Limited (GOLI.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the Go Life International Limited (GOLI.mu) company page on AfricanFinancials.Document: Go Life International Limited (GOLI.mu)  2020 interim results for the third quarter.Company ProfileGo Life International Limited is a multi-faceted healthcare company that offers products serving market needs in pharmaceuticals, generics, nutraceuticals, and medical consumables through to high end sophisticated hospital equipment. Go Life International Limited has a primary listing on the Stock Exchange of Mauritius and a secondary listing on the AltX of the Johannesburg Stock Exchangelast_img

Kenya Commercial Bank Limited Group (KCB.ug) Q12020 Interim Report

first_imgKenya Commercial Bank Limited Group (KCB.ug) listed on the Uganda Securities Exchange under the Banking sector has released it’s 2020 interim results for the first quarter.For more information about Kenya Commercial Bank Limited Group (KCB.ug) reports, abridged reports, interim earnings results and earnings presentations, visit the Kenya Commercial Bank Limited Group (KCB.ug) company page on AfricanFinancials.Document: Kenya Commercial Bank Limited Group (KCB.ug)  2020 interim results for the first quarter.Company ProfileKenya Commercial Bank Limited (KCB Group) is a leading financial institution offering retail and corporate banking services in Uganda through its subsidiary company. KCB Group offers financial solutions ranging from current accounts, overdrafts and loans to fixed and short-term deposits, mortgage finance, trade finance and forex, and business investment accounts. The banking institution participates in investments in treasury bills and bonds with the central banks. Wholly-owned subsidiaries in the banking group include Kenya Commercial Finance Company Limited, Savings & Loan Kenya Limited, Kenya Commercial Bank Nominees Limited, Kencom House Limited, KCB Tanzania Limited, KCB Sudan Limited, KCB Rwanda SA and KCB Uganda Limited. Kenya Commercial Bank Limited is listed on the Uganda Securities Exchangelast_img read more

FTSE Investors! Why I’d do what Warren Buffett does when markets crash

first_img Enter Your Email Address Our 6 ‘Best Buys Now’ Shares See all posts by Tezcan Gecgil, PhD In recent days we’ve witnessed broader markets both in the UK and globally crash. However, instead of panicking, now would be a good time to take a deep breath and assess the situation. In these uncertain times, it may help to see how professionals, such as legendary investor Warren Buffett, approach a brutal market sell-off.Buffett’s track recordIn February, Buffett released his annual letter to shareholders of Berkshire Hathaway, his firm that has the most expensive share price of any company in history. In 1964, each Class A share was just shy of $20. Today it’s upwards of $272,000 (no, that’s not a misprint).  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…Put another way, Buffett has been making on average 20% a year. No wonder he’s regarded as one of the best investors in history. Therefore I believe most of us can benefit from his wisdom and decades of experience in the markets. And many regard his shareholder letter as one of most important documents published each year for investors.Buffett firmly believes that stocks outperform all other asset classes over the long term. However, he’s not one to buy shares in a company at any price. Indeed, the Oracle of Omaha is regarded as the king of value investing.Although Buffett is bullish on stocks long term, he said “that rosy prediction comes with a warning: Anything can happen to stock prices tomorrow”.He regards the stock market as unpredictable. Large price swings are quite normal. And within days of this warning, markets globally did indeed crash. On 12 March, the FTSE 100 index plunged 11%.Buffett does not worryHowever Buffett doesn’t think there’s any need for worry for the individual who doesn’t use borrowed money and who can control his or her emotions. To him, if you’re not thinking of owning the stock you’ve just bought for at least a decade, don’t even think of owning it for a day. Therefore, falling prices don’t make him nervous because he has seen equity markets recover time after time. Instead he patiently waits.One of my favourite Warren Buffett quotes is “opportunities come infrequently. When it rains gold, put out the bucket, not the thimble“. In other words, he’d recommend buying stocks as prices decline.According to Berkshire Hathaway’s most recent quarterly filing, the groups holds a record $128bn in cash and US Treasury bills. Thus management has been in a liquid position to buy shares that offer value. I’d imagine he’s now getting his shopping list out.Similarly, retail investors would benefit from having some cash saved to buy quality stocks, especially when prices take a hit.Preferred industriesBuffett’s preferred investments areBig or even mega-cap stocksFinancials, including banks and insurance companies, followed by large consumer brandsStocks that pay dividendsAlthough his main holdings are US-based stocks, the FTSE 100 offers plenty of choices in which he’d have possibly considered investing had he been UK-focused. And if I were to take Buffett’s approach, I’d be now willing to invest in many of these solid companies, especially as their valuations have fallen. Here’s a shortlist for you to do further due diligence:Aviva – dividend yield 11.2%BP – dividend yield 11.9%GlaxoSmithKline – dividend yield 5.7%HSBC Holdings – dividend yield 9.1%Legal & General Group – dividend yield 5.8%National Grid – dividend yield 5.7%Persimmon – dividend yield 10.9%Standard Life Aberdeen – dividend yield 10.5% “This Stock Could Be Like Buying Amazon in 1997” FTSE Investors! Why I’d do what Warren Buffett does when markets crash Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool.center_img Tezcan Gecgil, PhD | Saturday, 14th March, 2020 Image source: The Motley Fool Simply click below to discover how you can take advantage of this. 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. 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. tezcang has no position in any of the shares mentioned. The Motley Fool UK owns shares of and has recommended GlaxoSmithKline. The Motley Fool UK has recommended HSBC Holdings. 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.last_img read more

Bishop’s concern for youth after government delays new gambling restriction

first_imgBishop’s concern for youth after government delays new gambling restriction Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Curate Diocese of Nebraska Assistant/Associate Priest Scottsdale, AZ Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Anglican Communion, Associate Rector for Family Ministries Anchorage, AK Rector Collierville, TN Canon for Family Ministry Jackson, MS Rector Knoxville, TN Rector/Priest in Charge (PT) Lisbon, ME Priest Associate or Director of Adult Ministries Greenville, SC Rector Martinsville, VA Posted Nov 5, 2018 Rector Smithfield, NC Curate (Associate & Priest-in-Charge) Traverse City, MI Family Ministry Coordinator Baton Rouge, LA Rector Tampa, FL Rector Bath, NC Rector Belleville, IL Tags AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Rector Washington, DC Missioner for Disaster Resilience Sacramento, CA Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Rector and Chaplain Eugene, OR Director of Music Morristown, NJ Submit a Job Listing TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Director of Administration & Finance Atlanta, GA [Anglican Communion News Service] A Church of England bishop has criticized the British government’s decision to delay new limits on a type of high-stake digital gambling machines. The bishop of St. Albans, Alan Smith, has been a vociferous campaigner against Fixed Odds Betting Terminals (FOBTs). The C of E’s General Synod also expressed concern about the machines, which allow gamblers to risk £100 GBP every 20 seconds. In May the government bowed to pressure and said it would reduce the maximum stake to just £2.00; but last week, Britain’s finance minister Phil Hammond used the annual budget statement to announce that the reduction would not be implemented until October 2019.Read the full article here. Rector Shreveport, LA center_img Bishop Diocesan Springfield, IL Youth & Young Adults Press Release Service Rector Pittsburgh, PA Submit an Event Listing Rector Hopkinsville, KY Associate Rector Columbus, GA Associate Priest for Pastoral Care New York, NY Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Course Director Jerusalem, Israel Rector (FT or PT) Indian River, MI Featured Events An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Priest-in-Charge Lebanon, OH Assistant/Associate Rector Washington, DC Cathedral Dean Boise, ID Submit a Press Release Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Rector Albany, NY In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Assistant/Associate Rector Morristown, NJ The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Youth Minister Lorton, VA Featured Jobs & Calls New Berrigan Book With Episcopal Roots Cascade Books last_img read more

Longest running member to speak at milestone lunch

first_img Please enter your comment! The Anatomy of Fear Please enter your name here Share on Facebook Tweet on Twitter Click HERE to order online using our secure server, or call our office at 407-814-1124 to pay by phone. Table sponsorships (8 people – $240). Tom MarksFrom the Central Florida Christian Chamber “Relationships for the Kingdom,”Tom Marks To Speak At 100th LunchTom is the founding partner of The Marks Law Firm and has more than thirty years of experience practicing family law in Central Florida. Tom zealously represents his clients with integrity, dedication, and personal attention; however, what makes Tom so special is that he’s the longest-running member of the Central Florida Christian Chamber. In fact, he was at the very first chamber lunch in 2003. The group was so small, everyone had time to introduce themselves. Tom stood up and said, “I’m Tom Marks and I’m an honest attorney!” He definitely is, and it’s very fitting that Tom is our featured speaker as we celebrate our 100th consecutive Relationship-Building Lunch at First Baptist Orlando. Support conservation and fish with NEW Florida specialty license plate You have entered an incorrect email address! Please enter your email address herecenter_img LEAVE A REPLY Cancel reply TAGSThe Central Florida Christian Chamber Previous articleLamphere gives his firsthand account of Puerto RicoNext articleOrange County celebrates “Come out with Pride” Parade Denise Connell RELATED ARTICLESMORE FROM AUTHOR Save my name, email, and website in this browser for the next time I comment. When: Thursday, Nov. 9, 2017, 11:30 a.m. – 1:00 p.m. (doors open at 11)Where: 3000 S. John Young Parkway, First Baptist Orlando, Faith Hall – 3rd floorCost: $30.00 chamber members and first-timers, $45.00 non-members (prior to ordering deadline); $50.00 pay-at-the-door, save $5-$20 by RSVPing on time. Free webinar for job seekers on best interview answers, hosted by Goodwill June 11  In his talk, “Relationships for the Kingdom,” Tom will share with us the significant impact relationships have had on his life as a believer and how God has revealed Himself through many of those relationships. He will spotlight some significant relationships he has built in the Christian Chamber. We’ll be encouraged to pour into our own relationships and love one another.There’s also going to be a surprise or two that you don’t want to miss!last_img read more

In NYC, movement declares: Independence for Puerto Rico!

first_imgIt is a fact that the oldest colony in the world is Puerto Rico. It stands to reason, therefore, that one of the longest resistance struggles against U.S. imperialism is Puerto Rican.That fact came to life again this year as event after event led to a massive uprising that resulted in toppling the corrupt government of Gov. Ricardo Rosselló. Puerto Rican activists, Sept. 21This people’s movement on the island came in the wake of the disastrous consequences of Hurricane Maria, which devastated the island in September 2017. About 3,000 people died in that hurricane, and thousands more became climate refugees as they were forced to flee the island.The governor’s corruption had been well known, but when leaked chats exposed vile homophobia, misogyny and elitist contempt even for hurricane victims, the people said basta — enough.This rise in the movement was recently reflected in New York City. A large number of Puerto Ricans have historically resided here, with a rich history of resistance, including the formation of the inspiring Young Lords in the revolutionary period of the late 1960s and 70s.On Sept. 21, over 600 Puerto Ricans and their supporters marched under the banner of the Frente Independentista Boricua (Boricua Independence Front) from Columbus Circle to the United Nations.The Frente is a united coalition comprised of A Call to Action in Puerto Rico, Committees of the Boricua Resistance, ProLibertad, Patria y Cultura, Nationalist Party, Junta de NY y NJ, NY Socialist Front, Comité del PIP de Nueva York, Virtual Boricua, Puerto Rican Workers’ Revolutionary Party (PRTP – Macheteros) and NY Boricua Resistance.This new umbrella of groups reflects growing unity in the movement and a determination to fight for independence till victory.Lorraine Liriano Chavez told Workers World: “El Frente Independentista Boricua is committed to the independence of Puerto Rico and will continue to educate, organize and protest. We will support the struggle of our sisters and brothers in the archipelago. We recognize that our struggle for liberation is within a larger framework of justice against capitalism and imperialism. Our solidarity with working-class communities in the U.S., Latin America, Africa and Asia is paramount to our liberation.”Also for the Frente, Ana M. Lopez told WW: “Our former political prisoners that participated in the march and rally on Sept. 21 were by and large living or born in the U.S. They dedicated their lives for the independence of Puerto Rico. Already two-thirds of our people live in the U.S., thus we are the engine within the ‘belly of the beast’ that will bring our decolonization and freedom at last.”Another Frente organizer Nephyr Rodriguez added, “It was evident, the growing number of youths that participated demonstrating great pride in their identities of being Puerto Rican.” He continued, “These youth are supporting our right to have a free and independent nation.” The Frente is not stopping after this successful march. On Oct. 5, the movement will hold the Third Peoples’ Assembly from 3:30 until 5:30 p.m. at the Overthrow, 256 Grand Street, Brooklyn.Former political prisoner, Oscar Rivera, second from left, with Workers World Party members Marsha Goldberg, Teresa Gutierrez and Richard Kossally at Sept. 21 rally.These assemblies mirror the peoples’ assemblies that emerged after the toppling of Gov. Rosselló. Spurred by the victory of bringing down a corrupt governor, the people of Puerto Rico are now holding serious discussions throughout the island of what’s next to keep the movement going through these peoples’ assemblies.It is clear that no corrupt government, no hurricane, no U.S. imperialism can stop the yearning of the Puerto Rico people for independence. Si se puede!FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Working at the Speed of Necessity

first_imgSign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago About Author: Jeff Bradford Working at the Speed of Necessity Share Save Previous: Tracking the Week’s Forbearance Activity Next: The Week Ahead: Calabria, Carson, Kraninger to Address Industry 2020-10-16 Christina Hughes Babb Founder and CEO at Bradford Technologies, Jeff’s company has been providing software services to the appraisal profession for over 33 years. Today, his company is leading the digital transformation of the appraiser’s desktop to a cloud-based valuation platform so appraisers can compete in the entire valuation market. Prior to founding Bradford Technologies, Bradford worked at companies such as Apple Computer, Structural Dynamics Research, and FMC Central Engineering Labs.  Related Articles Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, News, Print Features  Print This Post The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Editor’s note: This story originally appeared in the October edition of DSNews, out now.There is nothing like a pandemic and life-and-death consequences to accelerate innovation. This is especially true in the pharmaceutical and medical field, where scientists are rushing to develop a vaccine for COVID-19. Surprisingly, it’s also true in the appraisal industry. As the deadly COVID-19 pandemic mobilized the country to shelter in place, immediate action was taken to try and accommodate the need to keep key sectors of the economy moving while allowing people to avoid close contact with each other. This became very apparent with residential appraisers and the issue of interior inspections. The GSEs, FHA, and VA all acted swiftly and offered appraisers the flexibility of providing alternative valuations in the form of a desktop or drive-by appraisal. Interestingly, they also allowed appraisers for the first time to use photos and information supplied by the homeowner as an “interested party” to the transaction. This is where the story of innovation starts. Necessity Is the Mother of Innovation Within the first month of the pandemic taking hold in the U.S., no fewer than eight companies, including my own company, Bradford Technologies, developed digital solutions to keep the appraiser and homeowner safe while still getting interior photos to the appraiser. The solutions varied, but all met the criteria for keeping both parties protected while providing the appraiser with vital information they normally would not have in this situation. The result: appraisers were able to provide more accurate and credible valuations, lenders received collateral valuations they could trust, and homeowners received their loans. To understand the significance of this flurry of innovation, we have to go back three years to the height of digital transformation in the mortgage world. We all know how the millennial demographics and new fintech technology was driving lenders to reconsider how they did business. Well, the millennials have not disappeared. They are largest generation in American history and are estimated to be 85 million strong, a force greater than the baby boomers. Millennials live in a digital world connected by their smartphones, and they expect everyone they deal with to be connected as well. For sure, they do not know why it takes seven days to perform an appraisal when they can get approved for a loan in minutes. In late 2017, the pressure to move into the digital world caused the GSEs to take notice and start an initiative to modernize the appraisal process. Their premise was that appraisers should be at their desks, not in the field with a measuring tape inspecting properties. Someone else should do the inspection. By dividing the labor, productivity would increase, reducing the time to produce an appraisal.  To test this theory, the GSEs implemented pilot programs using third-party inspectors paired with appraisers at their desks. These programs are ongoing, and the jury is still out as to the degree of their success. However, most appraisers view Appraisal Modernization, as the pilot programs are called, as a threat and are dead set against it. Fast-forward to today. Appraisers, now facing the threat of catching the COVID-19 virus, are experiencing the benefit of producing appraisals from their desk while using information collected by a third party, in this case the homeowner. This, of course, takes the GSEs’ idea of division of labor to another level. Even though appraisers were initially against Appraisal Modernization, based on our surveys, they are now finding the interaction to be delightful, smooth, and non-threatening to their livelihood. The interior photos add another dimension that they never had when doing desktop appraisals. And homeowners, contrary to earlier fears of fraud and deception, are providing an abundance of quality information to the appraiser. The Seed Has Been Planted As an interested party, homeowners have become a part of the appraisal process. The question is, where does it go from here? Will the homeowner’s involvement be curtailed once the threat of the virus is gone? Or will the homeowner-appraiser digital connection grow stronger? From the millennials’ point of view, they’re wondering what took so long. They want the involvement; they don’t want to wait seven days or longer for an inspection to be scheduled. The GSEs and lenders want an appraisal produced quicker, but without a loss in accuracy and credibility. So, what is standing in the way of homeowners becoming a permanently accepted source of information for the appraiser? The short answer is trust and privacy. Besides the capability to deliver information and photos to the appraiser, these new digital services need to maintain the privacy and confidentiality that has come to be expected between a homeowner and appraiser. And just as important, the information provided to the appraiser needs to be trusted and authenticated. What is to keep a desperate homeowner from taking pictures of an upscale property and submitting them as their own? What keeps a homeowner from stretching the truth about upgrades or remodels?  In the words of President Ronald Regan, “Trust, but verify.” This is the key to accepting homeowner-provided information as a credible source for the appraiser. At Bradford Technologies, we have focused the strength of our service, TruView, which is able to authenticate information provided by homeowners while preserving the privacy and confidentiality of the homeowner-appraiser relationship.  When evaluating services that allow a homeowner to provide information, there are eight criteria that the service should be judged on. 1) Does the service geocode the property address? Can the homeowner’s property address be geocoded? Can Google or Bing find it on a map? If they cannot, the property should not be eligible for homeowner-sourced information.  2) The homeowner’s smartphone, either iPhone or Android, needs to have its GPS location setting turned on so the photos are embedded with a timestamp and geocode revealing the location and time each photo was taken. When evaluating a service, one should ask: Does the service force the homeowner to take a test photo to ensure the GPS setting is turned on before starting? Does it continue to check every photo to ensure the GPS is not turned off? 3) Access to the smartphone’s photo gallery needs to be prohibited. This means that the service must not allow the homeowner to upload photos that reside in their photo library. Only photos taken by the camera and directly uploaded are acceptable. This ensures that the photos have not been tampered with or compromised in any way. 4) GPS spoofing must be detectible. Spoofing is the ability to change the GSP setting in a smartphone. It’s easy to do, and the service must be capable of detecting whether the smartphone has been spoofed, and if it has, the process should be stopped. 5) Homeowners should provide an affidavit attesting to the accuracy of the information. For example, the service should force the homeowner to affirm with an “I Agree” button before proceeding, confirming the information and photographs are to be used to prepare a report that the lender may use as part of their loan determination process—and that if the information is found to be fraudulent, it may adversely affect that determination.  6) The service must include visual and tabular verification of the location where the photos were taken relative to the geocode of the property address. Because timestamps and geocodes are long numbers, it’s easy to overlook any discrepancies. The service should provide the appraiser a map showing the property location and the locations where all the photos were taken. While GPS data involves a margin of error, all the photos should be in the vicinity of the property. 7) Maintaining the privacy of the homeowner’s information is critical. As with a traditional home inspection, the homeowner expects the information they provide to be treated with the same care that protects their privacy and confidentiality. URL links to the data that can be easily emailed or forwarded or passed around an office should never be used to access the information, because it’s too easy to compromise the trust of the homeowner. We have implemented two-factor authentication to safeguard the information. Only the homeowner and appraiser know the two factors. Two-factor authentication is the same technique used in ATM machines. 8) The service should assist the appraiser in processing the homeowner’s information. Once the appraiser has the data, what features does the service have to assist in converting the raw data into actionable information that can be used in the appraisal analysis? We believe that getting authenticated homeowner information is just half of the process. The second half is processing that information in such a way that empowers the appraiser to efficiently include the information in the appraisal report.  Any service that meets the above eight criteria will create a strong foundation for trusting the homeowner supplied data as well as provide the efficiency needed by the appraiser. This foundation will set in motion the next wave of innovation, which will be the creation of virtual inspection platforms. Ultimately, the innovations we are seeing today will take the appraiser from their traditional legacy processes into a digital world where they are better connected and able to service millennial homeowners anytime, anywhere and from any device.  We all wish these innovations were not being driven by a global pandemic. Nonetheless, they remind us that a stronger, more efficient appraisal process is always possible.  Home / Daily Dose / Working at the Speed of Necessity Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago October 16, 2020 1,425 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

“High Court Cannot Exercise Power Under Section 482 CrPC When There Exists A Remedy Of Statutory Appeal Under Section 29 Of Domestic Violence Act”: Delhi HC [Read Judgment]

first_imgNews Updates”High Court Cannot Exercise Power Under Section 482 CrPC When There Exists A Remedy Of Statutory Appeal Under Section 29 Of Domestic Violence Act”: Delhi HC [Read Judgment] Mehal Jain28 July 2020 10:35 PMShare This – xA single judge Bench of the Delhi High Court, last week, held that High Court cannot entertain the petition in its extraordinary power under Section 482 Cr.PC, given the fact that there is a clear remedy of Appeal under Section 29 of the Protection of Women against Domestic Violence Act. “Preliminary objection of the Respondent has given rise to a neat legal nodus before this…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?LoginA single judge Bench of the Delhi High Court, last week, held that High Court cannot entertain the petition in its extraordinary power under Section 482 Cr.PC, given the fact that there is a clear remedy of Appeal under Section 29 of the Protection of Women against Domestic Violence Act. “Preliminary objection of the Respondent has given rise to a neat legal nodus before this Court being the maintainability of a Petition under Section 482 Cr.PC, when an alternate remedy of a Statutory Appeal under Section 29 of the Act is available to the Petitioner. Reading the provisions of the Act shows that under the Scheme of the Act, Section 29 provides for an Appeal to the Court of Sessions within 30 days from the date on which the Order made by the Learned Metropolitan Magistrate is served on the aggrieved person or the Respondent, as the case may be, whichever is later”, noted Justice Jyoti Singh. Petitioner had filed a complaint under the Act before the Trial Court. By way of this complaint, Petitioner sought various reliefs such as Protection Order under Section 18 of the Act, order restraining the Respondent from dispossessing the Petitioner from the shared household, and monetary reliefs such as medical expenses and rentals including household expenses. Custody orders with respect to the three minor children were also sought under Section 21 of the Act. Along with the complaint, Petitioner also filed an Application under Section 23 of the Act for grant of various interim reliefs, one amongst them being a direction to the Respondent to grant temporary custody of the children to the Petitioner. On 20.04.2020, Petitioner had filed a Petition under Section 482 Cr.PC before Hon’ble High Court seeking directions as under:- “A. Direct the respondent to furnish the address where he is presently residing with the children, B. Direct the respondent to facilitate meeting by way of video conferencing with the children everyday till they remain in his care and custody. C. To grant the interim custody of the three minor children namely Baby Riddhi aged 10 yrs, Baby Radhika aged 7 yrs and Baby Ratna aged 3 yrs to the petitioner till the issues are resolved in Mediation. On 24.04.2020, the Hon’ble High Court noted that for the sake of emotional quotient and robust psychological health, the mother should be provided unhindered access, if not physically, then through video conferencing in the prevailing circumstances. Order was accordingly passed in the said Petition, whereby an interim arrangement was arrived at, giving the Petitioner the right to interact with the children through skype, etc. This order was subsequently continued keeping in view the fact that the Petitioner was in a self-quarantine, having visited a Police Station on 18.04.2020. On 01.06.2020, Learned Magistrate directed that the custody of the children would continue to remain with the father/Respondent herein and as an interim measure visitation rights were granted to the Petitioner. Thus, the Hon’ble High Court of Delhi had disposed of the petition filed before it, directing that the interim arrangement of video conferencing shall continue, as prayed for by the Petitioner. Then, the Petitioner filed another petition under Section 482 Cr.PC seeking directions to set aside the Order dated 01.06.2020 passed by the Learned Metropolitan Magistrate. An objection had been raised by Counsel for the Respondent against the maintainability of the present Petition before this Court. The Counsel submitted that the Courts have repeatedly held that when an alternate and efficacious remedy of Appeal under Section 29 of the Act is available, Petition under Section 482 Cr.PC would not lie. “It is not open to the aggrieved party to bypass the remedy of Appeal under the Act, which is a complete Code in itself.” Justice Singh noted that “a profound reading of several judgments (of the Supreme Court) shows that the Court has time and again spelt out clear restraints on use of extraordinary powers and observed that High Courts should not go beyond those wholesome inhibitions, unless the extraordinary circumstances cry for immediate and timely judicial interdiction or mandate. As the quote goes in one of the judgments “Mentor of law is justice and a potent drug should be judicially administered”.” Justice Singh emphasized that the inherent powers of the High Court are not conferred by the Criminal Procedure Code and are only saved by it and nothing can affect its amplitude, yet Courts have imposed self limitations for exercise of the power when there are specific provisions of alternative remedies, and invasion in areas, so set apart, is in exceptional and only in compelling circumstances. The Judge iterated that the Court is not persuaded in the facts and circumstances of the present case, to entertain the petition in its extraordinary power under Section 482 Cr.PC, given the fact that there is a clear remedy of Appeal under Section 29 of the Act. The Judge also stated that the Petitioner has not been able to substantiate any reason put forth compelling this Court to take a divergent view. Justice Singh acknowledged that, ‘no doubt the facts and circumstances of a given case could be egregious and compelling, demanding immediate judicial intervention by this Court and invasion into domains exercisable by subordinate Courts under Special Statutes’ but added that the present case does not call for exercise of the said mandate.’ Justice Singh concluded that the present facts and circumstances do not call for any urgent intervention to permit the Petitioner to bypass the remedy of Statutory Appeal. Petitioner has been unable to make out a case how and why the remedy of Appeal is not efficacious. The bench also refused to accept the argument that since the matter relates to custody of minor girls, remedy of appeal is not efficacious. “Legislature in its wisdom has provided for Appeal under Section 29 of the Act against all „orders‟ and has not made any exception to orders relating to custody”, expounded the Single Judge. Secondly, the court was of the view that it is not shown why the Petitioner cannot resort to the remedy of an Appeal and why the Appellate Court is incapable of or incompetent to exercise its jurisdiction to deal with an impugned order of temporary custody, both in law and facts.Click Here To Download Order[Read Order] Next Storylast_img read more