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Legislation to Boost MSME Sector for Parliament This Year


first_imgIndustry, Investment and Commerce Minister, Hon. Anthony Hylton, says critical pieces of legislation, aimed at strengthening the Micro Small and Medium Enterprises (MSME) sector, are to be brought before Parliament this year.These, he said, are the Secured Transaction Obligations Act and the Insolvency Act.Minister Hylton was speaking during a recent interview on the Jamaica Information Service’s (JIS) ‘Issues and Answers’ programme with Ian Boyne.“This year, we are committed to having in Parliament, critical pieces of legislation and I speak here of the Secured Transaction Obligations Act, which will broaden the base of collateral so that we can now rely on things like intellectual property…moveable property as collateral,” he explained.The introduction of modern insolvency legislation will provide clear rules and procedures for handling corporate and personal insolvencies, including a mechanism in appropriate cases for giving a business a “no adverse action” period in which to attempt to restructure and achieve viability, before the winding up process is embarked upon.This, Minister Hylton said, will allow for reorganisation of entities without having to go through liquidation and “put people out of jobs and affect branding”.Minister Hylton said these two pieces of legislation, along with the forthcoming Madrid Protocol and various amendments to the Copyright Act, should bring about some amount of transformation in the MSME sector.Contact: Chris Pattersonlast_img read more


Keep Garth Drabinsky out of capital markets regulator tells hearing


first_img Login/Register With: Advertisement LEAVE A REPLY Cancel replyLog in to leave a comment Drabinsky is seeking some exemptions, including being able to open a registered retirement savings plan and trade securities within the account, as well as set up a family company to minimize personal taxes and help with estate planning.“This is not cutting Mr. Drabinsky any slack,” said Richard H. Shekter, who represents Drabinsky.Shekter also argued his client needs some of the other caveats he’s asking for to be able to continue working. The lawyer said in previous hearings that the OSC’s suggested sanctions are broad enough to prevent Drabinsky from speaking with investors who are interested in his creative vision on future theatre productions.Drabinsky previously produced hits like The Phantom of the Opera and Joseph and the Amazing Technicolor Dreamcoat. His newest production, Sousatzka, debuts this month and is seen as his potential comeback vehicle.Foy said Drabinsky can continue to produce within film and television where there is limited private investment.But the OSC’s lawyers have argued the caveats and exemptions Drabinsky’s lawyers are asking for are unnecessary and broad.“They seem to be asking for a carve out for every conceivable situation,” Foy said.Foy added it’s impossible to predict whether the exemptions have any weaknesses that Drabinsky could exploit, while Drabinsky’s lawyer said he’s willing to co-operate with suggestions from the OSC’s three-member panel to revise his proposal along with input from Foy.The OSC will issue their decision on whether to mete out any regulatory penalties “in due course,” said D. Grant Vingoe, vice-chair of the commission and one of the members of the panel hearing the case.Drabinsky declined to comment at the end of the day’s proceedings. Advertisement Twitter Facebook Advertisement Lawyers for Ontario’s securities regulator said Monday in their closing statements that Garth Drabinsky, who defrauded investors of an estimated $500 million, should not be allowed to participate in the capital markets, while his representation called for some exceptions so he could continue to work in theatre production.“The capital markets are not the place for second chances,” said Pamela Foy, senior litigation counsel with the Ontario Securities Commission. She argued the regulatory agency cannot allow Drabinsky to be in a position where he could do more damage.Drabinsky was sentenced to a five-year prison term for his role in the Livent Entertainment fraud scandal that occurred nearly two decades ago. The OSC is seeking to ban him from acting as a director or officer of a public company and acting as or becoming a registrant in Ontario.last_img read more


Justice Department to Invest in Expanding Veterans Treatment Courts


first_img Dan Cohen AUTHOR To expand the nation’s system of veterans treatment courts, the Justice Department last week pledged to award more than $4 million to 13 states and local jurisdictions to develop their own programs.The special courts divert veterans charged with nonviolent criminal offenses to a court-supervised process that emphasizes treatment and rehabilitation by offering support from health care professionals, veteran peer mentors and the Department of Veterans Affairs (VA). There are now 463 such court systems in the nation, reported Military Times.Two-thirds of veterans who go through the system successfully complete their regimens, and 88 percent of courts see a reduction in arrests, according to Justice for Vets, an advocacy group that provides funding and training for court staff.Recidivism rates are low, according to Judge Robert Russell, who started the first veterans treatment court in Buffalo, N.Y.“We’ve had 200 some-odd veterans who completed our program and probably only four or five who experienced recidivism. It’s been a blessing to work with veterans,” Russell said.The VA has embraced veterans courts and mandates that each of its medical centers has a veterans justice outreach specialist who provides legal assistance to veterans and supports veterans treatment courts in their region, according to the story.The Justice Department’s grants this year will go to court systems in Kansas, Louisiana, Minnesota, Florida, Montana, Virginia, Missouri, California, Texas, Wisconsin and Pennsylvania. Veterans court advocates had sought $15 million for programs nationwide in 2016.“Our military veterans often risk life and limb for their country. … We owe our very best to help those who struggle with substance abuse,” Principal Deputy Associate Attorney General Bill Baer said at a forum hosted by the department to mark Prescription Opioid and Heroin Epidemic Awareness Week.last_img read more


Fiat Launches Linea TJet in India at ₹760 Lakh


first_imgItalian automobile giant Fiat has unveiled the much-awaited mid-size sedan Linea T-Jet in India with a price tag starting at ₹7.60 lakh.Fiat Group Automobiles India, which markets two models in the country, brought the powerful version of Linea T-Jet on Monday. It hopes to gain new tractions in the market with the relaunch of Linea T-Jet. The car packs 1.4 litre 1368 cc, 4-cylinder turbocharged petrol engine which churns out peak power outputs of 112.5 bhp at 5,000 rpm and 207 Nm of torque at 2,200 rpm. The drivetrain of the vehicle is mated with a five-speed manual transmission system.Two variants of the vehicle, which were launched in the country are Dynamic and Emotion. While the base variant Dynamic is price at ₹7.60 lakhs, the top variant is priced ₹8.40 lakhs. Oncars India, which believed to have got the first look of all new Fiat Linea, reported that “Fiat has made no changes to the new Linea T-Jet, however the 2013 model comes with same set of updates as the standard Linea. Standard features now include automatic headlamps, rain sensing wipers and audio system with remote.”Having a market share of just 0.3 percent in India, Fiat’s performance in the Indian auto market has been poor. The company is one of the first western carmakers to enter into the world’s seventh largest car market.Fiat with its new launches in the country targets to enlarge its market share to 1 percent by the end of 2013 and to 5 percent in the long run.last_img read more


Gay lesbians less likely to get leadership position


first_imgIf you are a gay or lesbian woman, chances are that you may face discrimination and be considered inadequate while seeking top positions at workplace, due to the sound of your voice, a new study has found.In a study, led by researchers at the University of Surrey in Britain, participants considered male candidates’ auditory features, not facial which impacted on whether they were deemed suitable for the role.It was because having a heterosexual rather than a ‘gay-sounding’ voice created the impression that the speaker had typically masculine traits, which in turn increased their perceived suitability for the role and the chance of receiving a higher salary. Also Read – Add new books to your shelfLesbian candidates were associated with a lack of femininity and identified as gender non-conforming and received less positive evaluation than heterosexual counterparts.”These results demonstrate that the mere sound of a voice is sufficient to trigger stereotypingm denying gay and lesbian-sounding speakers, the qualities that are considered typical of their gender,” said Fabio Fasoli from the University of Surrey.The study also revealed that people thought gay men should be paid less than their heterosexual counterparts. Also Read – Over 2 hours screen time daily will make your kids impulsive”This study highlights that it can be a real problem in the workplace and for people’s career prospects,” Fasoli added in the paper appearing in the Archives of Sexual Behaviour.In addition, the participants were found to attribute more feminine traits to the gay than to the heterosexual speakers and lesbian speakers were more likely to be associated with masculine than to feminine characteristics.When asked which of the speakers the participants would choose as an acquaintance for an interaction, male participants were more likely to avoid male gay-sounding speakers, suggesting a subtle impact of voice on social exclusion of gay individuals, researchers noted.”This study demonstrates that unacceptable levels of discrimination, be they subconscious or conscious, still exists in our society, and we need to do more to tackle the discrimination faced by the LGBT community,” Fasoli said.IANSlast_img read more


Woman dies of burn injuries police suspect suicide


first_imgKolkata: A woman died after she got burnt mysteriously on Wednesday morning in Behala. Locals claimed that fire somehow occurred at her residence whereas police claimed that it is a case of suspected suicide.According to locals, on Wednesday morning at around 11:25 am, some residents of Bhupen Roy Road in Behala heard cries coming from a single-storeyed house. When some of the neighbours rushed there, they saw smoke coming out of the house and a woman trying hard to get out. Also Read – Speeding Jaguar crashes into Mercedes car in Kolkata, 2 pedestrians killedLocal residents started spraying water and informed the fire brigade and police. Two fire tenders reached the spot within few minutes but till then, the flames had almost been doused. Later, one fire tender sprayed water and doused the flames completely by 11:50 am. Police and fire brigade personnel rescued the woman from inside the house who was later identified as Chandana Das (35). She was declared brought dead by the doctors at Vidyasagar State General Hospital in Behala. Also Read – Bose & Gandhi: More similar than apart, says Sugata BoseLocals suspect that the fire occurred due to a short circuit but police claim that Das committed suicide by setting herself on fire after pouring kerosene. She used to live there with her mother and sister. Though police claimed the incident as a suspected suicide, none of the locals could estimate why she had done this. Though no complaint has been received till Wednesday night, sleuths are probing the matter on the basis of an Unnatural Death (UD) case lodged at Behala police station.last_img read more