Recommended for you Facebook Twitter Google+LinkedInPinterestWhatsApp Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, 07 Aug 2015 – Almost unbelievably, the expensive Special Investigation and Prosecution Team, which has not managed to secure any convictions through the court for charges on government and investor corruption had the audacity to ask the government for more money to run its investigation. In a media conference yesterday, Premier Rufus Ewing shared that it was requested and that his administration categorically said ‘no’ to the request for an additional $4.3 million. Premier Ewing said: “We as a government are not satisfied that we receive sufficient information on expenditure in terms of the areas of expenditure in much more detail in what was given and so we cannot give account, a full account of the funds that were appropriated and how they are being used.” A sad admission about a UK-hired team which has faced a barrage of criticisms and which is investigating and aiming to prosecute former government ministers and their relatives for alleged mismanagement of public funds.The Premier explained, “I find it very difficult for them to go and pay for protection for bodyguards for the prosecutors… while we as elected members, see our details downsized…” Finance Minister Washington Misick added that he believes the issue of protection is unduly inflated: “”It is alleged that there is a credible threat against the Prosecution Team that warrants them being protected. I don’t personally believe that there is any credible threat.” Add to this, Minister Washy shared that government has to pay for a second reverse osmosis plant for Grand Turk to the tune of $300,000; he believes a $4.3 million dollar spend on Helen Garlick’s SIPT would be a bad use of public money. We also learned that: SIPT has cost an excess of $36 million dollars, $15 million of which was covered by the UK – the balance by the Turks and Caicos. Four million dollars was allocated to the SIPT this year and there was four million to the defense for legal representation. If granted, the SIPT investigation bill will mount $12 million dollars for 2015-2016 alone. If not granted, it is said, this could lead to a delay in the SIPT trials set for December 1st. Related Items:pnp administration, premier rufus ewing, Special Investigation and prosecution Team, washington misick Cabinet Ministers get to spend more, CFO stays on the job Beaches puts former Premier on blast about controversial pier Preview of Budget reveals salary hikes, millions is saving with retired of UK bail out loan
A general view of Reliance Jio headquarters is seen on the outskirts of Mumbai, India, June 1, 2016.Reuters fileReliance Industries plans to spend a further $2.8 billion on its Jio telecoms business in the current quarter, it said on Monday, taking its investment in the venture to more than $30 billion.Reliance derives the bulk of its revenue from its core refining and petrochemicals operations, but the group has bet big on Reliance Jio Infocomm. The project backed by Reliance owner Mukesh Ambani launched in September in a flurry of cheap phones, free voice and cut-price data plans that have forced rivals to respond.Announcing record profit for the 2016/17 financial year, Reliance said the additional investment is required for its fibre network as it expands Jio’s 4G reach.Analysts and investors have expressed concern over the time it will take Jio to recover its heavy outlay, but its head of strategy, Anshuman Thakur, said there would be a “drastic drop” in investment after the current quarter.Jio racked up 108.9 million subscribers by the end of March, Reliance said. It started charging for internet data this month, after more than seven months of free services, but has kept prices low.”Jio is witnessing the largest migration from free to paid services in history,” said Reliance Chairman Ambani.Ambani’s aggressive strategy to capture market share has led to rivals consolidating. His younger brother Anil Ambani’s Reliance Communications merged with smaller rival Aircel and in February India’s biggest telecoms company Bharti Airtel bought out the Indian operations of Norway’s Telenor.That was followed by Britain’s Vodafone announcing a merger with Idea to create the biggest telecoms company in India. Mukesh AmbaniReliance Jio official website (screen-shot)Jio, however, controls the highest chunk of 4G airwaves across India and has introduced a range of features to woo consumers in one of the world’s most competitive telecoms markets, from mobile phone apps to its own handset brand.Reliance earlier reported a 12.8 percent rise in the group’s fourth-quarter standalone net profit, topping analyst estimates, citing higher margins at its refining and petrochemicals business.The gross refining margin per barrel of crude — a key profitability gauge for refiners — was $11.50 for the quarter, against $10.80 a year earlier.Net profit on a standalone basis, which takes into account only the refining, petrochemicals, oil and gas exploration businesses, rose to 81.51 billion rupees ($1.26 billion) for the three months to March 31, beating analysts’ expectations of 80.10 billion rupees.On a consolidated basis, including newer businesses such as telecoms, retail and US shale gas operations, Reliance’s net profit rose 16.6 percent to 80.5 billion rupees.
Kolkata: The Central Recruitment Committee (CRC) of RPF announced that it would start the Recruitment 2018 Online Examination (Group A to F) from Wednesday, December 19, 2018. About seventy three lakhs candidates are expected to appear for this examination across the country. The exam would be conducted on December 19, 20, 21, 22 and 23.The CRC has mentioned important instructions regarding the examination to the candidates on the admit card to ensure timely and smooth execution. Candidates appearing for the examination are advised to go through the instructions in detail and understand the do’s and don’t’s. Also Read – Rain batters Kolkata, cripples normal lifeThe “Practice Test” link would be made available for the candidates on the official website along with the admit card which would allow the candidates to get familiar with the computer based test (CBT). Candidates are required to carry one of the original government approved photo ID cards as instructed. Candidates without an original Photo ID Card, even if they have the admit card, will not be allowed to enter the exam venue. Candidates are advised to note that mobile phones, pager, watches, bluetooth-enabled devices, calculators, metallic wears, bangles, belts, bracelets or any RF device etc, will not be allowed inside the examination centre. They are advised to ensure that they do not have mehendi or henna on left Thumb as it may create difficulties in capturing the Biometric data during registration process. The self-declaration paragraph will be displayed on the computer screen before start of the exam. All the candidates are required to write the same in the space provided in the admit card in the examination hall itself.