Trump tweets “money is beginning to pour in” to NATO

U.S. President Donald Trump said on Saturday that NATO alliance allies are already stepping up their contributions to the organisation, two days after the president scolded members for not spending enough on defence.

“Many NATO countries have agreed to step up payments considerably, as they should. Money is beginning to pour in -NATO will be much stronger,” Trump tweeted from Sicily where he is attending a Group of Seven meeting.

[“Source-ndtv”]

Black to white: How money becomes legitimate

Black to white: How money becomes legitimate

Moneycontrol News

Renukamata Credit Society, located in one of the oldest areas of Kalbadevi in Mumbai, has seen more than Rs 2,000-crore worth inflow and outflow of cash.

The small group accepts cash deposits of any amount and transfers it to anyone in any city on the depositor’s instructions. They follow a strict ‘no-question policy’ – which means no questions are raised on the funds, depositor or where the funds go.

According to a report in the Economic Times, there are no clues about the identity of the depositors. The IT wing has passed on the details to the Enforcement Directorate (ED) for further investigation. However, tailing it might prove to be a tough task.

The task of keeping these transactions ‘layered’ lies with intermediaries or handlers on the lookout for people, mostly small labourers or workers, who willingly share their personal details for a meagre Rs 2500-3000.

Some deposit slips have initials and first name of people who deposited the cash. But while there is an upper limit of Rs 9 lakh for deposits, there is no limit on number of transactions by an account holder. So multiple transactions worth Rs 9 lakh are common.

There are also no defaults here – the depositors fill e-KYC (know your customer) and admit to depositing the money.

This is not the only branch of Ahmednagar-headquartered Renukamata Society. The Society has various branches across Maharashtra and also in Chennai and Hyderabad.

Chairman, Prashant Bhalero told ET the credit society is registered under the Multi-State Societies Act, 2002.

He said people who want to avail their services have to first become the Society’s member by submitting photo ID, residential proof, thumb imprint and photograph. They also have to pay entry fee and share subscription amount.

Considering these multi-state co-operatives societies are safe haven for money launderers, there have been suggestions to bring them under the newly-introduced statement of financial transactions that record high-value transactions.

[“Source-ndtv”]

Girl, 13, Begged Father For Money To Treat Cancer. Video Viral After Death

Girl, 13, Begged Father For Money To Treat Cancer. Video Viral After Death

Sai Shri’s parents had been separated for eight years and she had been living with her mother

“Daddy…please do something and save me” – says a 13-year-old girl in an incredibly tragic WhatsApp video to her father, begging him for money for her cancer treatment. Young Sai Shri died on Sunday in Andhra Pradesh’s Vijayawada, but her tearful voice is being heard by thousands through the video that has been widely shared online.

Sai Shri’s parents had been separated for eight years and she had been living with her mother. In the video, she pleads with her father, Shetty Shivakumar, to sell her home – which was in her name – to raise money for her treatment. Her mother had reportedly tried to sell the house but was stopped by her father, who allegedly got help from a politician to try and throw his estranged family out.

Sai was diagnosed with cancer in August, and doctors reportedly told her mother that a bone marrow transplant was the only option.

Speaking in Telugu in the excruciating video, she shows swellings and lesions on her arms and legs and shares that she is in great pain.

“Daddy, you say that you don’t have money. At least we have this house. Please sell this house and pay for my treatment daddy. Or else, they (doctors) say that I won’t survive for long,” she weeps.

“I haven’t gone to school in months. I want to play with my friends…I want to go to school…take my exam…I want to become a doctor…”

Based on a complaint by an activist, the Andhra Pradesh State Human Rights Commission has asked the police to investigate whether Mr Shivakumar, who lives in the same city, was guilty of neglecting his daughter.

Activists allege that Mr Shivakumar refused to spend money for his daughter’s treatment even though he could afford it.

Sai’s mother Sumashri had reportedly spent Rs. 30 lakh but the treatment was not good enough for the type of cancer that she was suffering from.

[“source-ndtv”]

7th Pay Commission Allowances: Updates On Empowered Committee Meeting

Allowance committee examining 7th pay commissions recommendations submitted its report last month.

The Empowered Committee of Secretaries (E-CoS) is likely to meet soon to screen the allowance committee report on 7th pay commission recommendations, an employee union leader said. He expects the Empowered Committee of Secretaries to firm up the proposal in a fortnight for approval of the Cabinet. The Ashok Lavasa committee on allowances, which examined the 7th pay commission’s recommendations on allowances, submitted its report to the finance minister on April 27. The allowance committee has suggested some modifications in some allowances that are applicable universally to all employees as well as certain other allowances which apply to specific employee categories, the finance ministry said in a statement.

The 7th pay commission had recommended that house rent allowance or HRA be paid at the rate of 24 per cent, 16 per cent and 8 per cent of the new basic pay, depending on the type of city. The 7th pay commission had also recommended that the rate of HRA be revised to 27 per cent, 18 per cent and 9 per cent when DA crosses 50 per cent, and further revised to 30 per cent, 20 per cent and 10 per cent when DA crosses 100 per cent. With regard to allowances, employee unions have demanded HRA at the rate of 30 per cent, 20 per cent and 10 per cent.

The 7th pay commission had recommended that of a total of 196 allowances, 52 be abolished altogether and 36 be abolished as separate identities by subsuming them in another allowance.
The Cabinet had earlier approved modification in recommendations of the 7th pay commission relating to the method of revision of pension of pre-2016 pensioners and family pensioners based on recommendations of a high-level panel. The decision will benefit over 55 lakh pre-2016 civil and defence pensioners and family pensioners.

 

 

 

[“source-ndtv”]