RBI to transfer record surplus of 176L cr to govt

first_imgMumbai: Accepting the recommendation of a panel headed by its former Governor Bimal Jalan, Governor Shaktikanta Das-led Reserve Bank of India central board on Monday decided to transfer a sum of whopping Rs 1,76,051 crore to the government. “The board of central bank decided to transfer a sum of Rs 1,76,051 crore to the Government of India comprising Rs 1,23,414 crore of surplus for the year 2018-19 and Rs 52,637 crore of excess provisions identified as per the revised Economic Capital Framework (ECF),” the RBI said in a statement. Also Read – India gets first tranche of Swiss bank a/c detailsThe committee had recommended the bank equity to be within a band of 5.5 per cent to 6.5 per cent of the balance sheet. However, the RBI board has decided to maintain it at a lower end of 5.5 per cent band to hand over Rs 52,637 crore excess to the government. The receipts from the RBI will give a fillip to the government’s efforts to boost the economy from a five-year low. Finance Minister Nirmala Sitharaman had last week announced a slew of measures to prop up growth even as the government tried to stick to the target of keeping fiscal deficit at 3.3 per cent of the GDP. The additional cash will now give the Centre more headroom for stimulating the economy. Also Read – Tourists to be allowed in J&K from ThursdayThe Modi government and the RBI under its previous governor Urjit Patel had been at loggerheads over the optimum level of surplus capital with the central bank. As a result, the RBI in its crucial November 2018 board meeting decided to form a committee to review the Economic Capital Framework (ECF) for the Reserve Bank. However, Patel quit before the committee could be formed. Subsequently, the panel was constituted in consultation with new RBI Governor Shaktikanta Das on December 26. Since 2013-14, the RBI has been paying 99 per cent of its disposable income to the government, which is battling to rein in deficits. As far as the dividend is concerned, the statement said “as financial resilience was within the desired range, the entire net income of Rs 1,23,414 crore for the year 2018-19, of which an amount of Rs 28,000 crore has already been paid as interim dividend, will be transferred to the Government of India (in March 2019)”. The government will get a higher dividend Rs 95,414 crore during the current fiscal as against the estimate of Rs 90,000 crore. The Union Budget 2019-20 had pegged dividend or surplus of the RBI, nationalised banks and financial institutions at Rs 1.06 lakh crore up from Rs 74,140.37 crore realised in the previous fiscal. In 2017-18, Rs 40,659 crore was transferred in dividend to the government.last_img read more

Colin Kaepernick Reportedly Lands Workout with Seattle Seahawks

Colin Kaepernick is speculated to have been blackballed because of his national anthem protest. (Scott Cunningham/Getty Images Sport)Free-agent quarterback Colin Kaepernick is reportedly set to work out with the Seattle Seahawks a week after Pete Carroll revealed he’s considering him for a back-up role.Kaepernick has remained unsigned since he opted out of his contract with the San Francisco 49ers in March and NFL Network reported the Seahawks will have him and other reserve quarterbacks work out Wednesday, May 24, a change of plans notwithstanding. Former Denver Broncos quarterback Austin Davis also is set to visit.Kaepernick’s rumored meeting adds fuel to speculation that he could be joining the Seahawks after Carroll was asked if the team is considering putting him and fellow free agent Robert Griffin III behind QB Russell Wilson.“We’re looking at everybody. We really are,” Carroll told “Brock and Salk.” “We’ve been tracking everything that’s going on, and we’ve got cap and roster issues and stuff like that that we’re still trying to manage properly. But, quite frankly, yes, we are looking at all those guys.”Seattle defensive end Michael Bennett believes Kaepernick, who stirred controversy after his season-long protest of the national anthem, would make a great addition.“I think a person that’s dedicating their life to creating change, why wouldn’t you want that type of leadership in your locker room?” Bennett told 710 ESPN Seattle. “Why wouldn’t you want a young person that’s dealt with people wanting to kill him because of his choices in life?“So, I don’t know why people feel like that is a problem.” read more

2 killed as Maitree Express hits truck

first_imgDhaka-bound Maitree Express hits a sand-laden truck at Dakshin Khan area in Gazipur on Sunday morning. Photo: Prothom AloTwo persons were killed and two others injured after a train hit a truck at Dakshin Khan area in Gazipur on Sunday morning, reports UNB.The deceased are Soleman Hossain, a resident of Uttara, and Jakir Hossain, a resident of Netrokona.Tongi fire service station officer Atiqul Islam said Dhaka-bound Maitree Express hits the sand-laden truck around 4:45am, killing Jakir on the spot.The truck had broken down while crossing the tracks.Locals rescued injured Soleman and took him to a local hospital. He died while being shifted to the Dhaka Medical College Hospital.On information, two units of Tongi fire service rushed in and took part in the rescue operation.last_img

The best backend tools in web development

first_imgIf you’re a backend developer, it’s easy to feel overwhelmed by the range of backend development tools available. It goes without saying that you should use what works for you but sometimes it’s not that easy to even work that out. With this in mind, this year’s Skill Up report offers a useful insight into some of the most popular backend tools being used today. Let’s take a look at what tools came out on top. That should help you make decisions about what you’re going to use or maybe even just learn. Read the Skill Up report in full. Sign up to our weekly newsletter and download the PDF for free. Node.js More than 50% respondents said, they prefer Node.js, the popular server-side Javascript coding framework. Node.js is a Javascript runtime that runs on the V8 JavaScript runtime engine. Node.js adds capabilities to Javascript (front-end language) to let it do more than just creating interactive websites. It uses an event-driven, non-blocking I/O model that makes it lightweight and efficient. The latest stable release of Node, Node 10, will be the next candidate in line for the Long Term Support (LTS) in October 2018. Node.js 10.0 comes with plenty of new features like OpenSSL 1.1.0 security toolkit, upgraded npm, N-API, and much more. Get started with learning Node.js with the following books: Learning Node.js DevelopmentLearn Node.js by Building 6 ProjectsRESTful Web API Design with Node.js 10 – Third Edition ASP.NET Core The next popular alternative was ASP. NET Core with over 25% developers approving it as their choice of backend framework. ASP.NET Core is the open-source cross-platform framework for building backends, web apps and services, and IoT apps. According to the skill-up survey, it was also one of the most popular framework used by developers. It provides a cloud-ready, environment-based configuration system. It seamlessly integrates with popular client-side frameworks and libraries, including Angular, React, and Bootstrap. Get started with ASP.NET Core by reading: Learning ASP.NET Core 2.0Mastering ASP.NET Core 2.0ASP.NET Core 2 High Performance – Second Edition Express.js Developers and tech pros also like to work with Express JS, and hence it ranked No. 3 on our list. Express JS is the pre-built Node JS framework that can help developers build faster and smarter websites and web apps. Express basically extends Node.js to build complete web apps. It is the perfect framework to learn for developers, who are fluent in Node.js, but want to transition to creating apps from just server-side technologies. Express is lightweight and comes with extra, built-in web application features and the Express API to support the already robust, feature-packed Node.js platform. Express is not just limited to NodeJS. It also works seamlessly with other modules and offers HTTP utilities and middleware for creating APIs. It can help developers master single-page and multiple-page websites, as well as some complex web apps. You can go through Projects in ExpressJS [Video], a complete course to learn professional web development using Express.js. Laravel Next, was Laravel, a prominent member of a new generation of web frameworks. It is one of the most popular PHP frameworks and is also free and and open source. It features: A simple, fast routing engine Powerful dependency injection container Multiple back-ends for session and cache storage Database agnostic schema migrations Robust background job processing Real-time event broadcasting The latest stable release, Laravel 5 is a substantial upgrade with a lot of new toys, at the same time retaining the features that made Laravel wildly successful. It comes with plenty of architectural as well as design-based changes. Start building with Laravel with these videos. Beginning Laravel [Video]Laravel Foundations: Basics to Every App [Video] Java EE The fifth most popular choice of backend tool is the Java EE. The Enterprise Java standard or Java EE is a collection of technologies and APIs for the Java platform designed to support Enterprise. By enterprise, we mean applications classified as large-scale, distributed, transactional and highly-available, designed to support mission-critical business requirements. Applications written to comply with the Java EE specification do not tie developers to a specific vendor; instead, they can be deployed to any Java EE compliant application server. The Java EE server application implements the Java EE platform APIs and provides the standard Java EE services. The latest stable release, Java EE 8 brings with it a load of features, mainly targeting newer architectures such as microservices, modernized security APIs, and cloud deployments. Our best picks for learning Java EE: Java EE 8 Application DevelopmentArchitecting Modern Java EE ApplicationsJava EE 8 High Performance The other backend tools which were among the top picks by developers included: Spring, a programming and configuration model for building modern Java-based enterprise applications, on any kind of deployment platform. Django, a powerful Python web framework for creating RESTful web services. It reduces the amount of trivial code, which simplifies the creation of web applications and results in faster development. Flask, a framework for building web servers in Python. It is a micro framework, meaning it’s not a full stack web application development framework. It just gives the developers very basics to get a web server running. Firebase, Google’s mobile platform to help developers run mobile backend code without managing servers and develop high-quality apps. Ruby on Rails, one of the oldest, backend technology. A certain percentage of people still prefer using ruby on rails for their backend code. Rails is a flexible and IDE friendly framework with easy functions and manipulations and the support of the powerful ruby language. The entire skill up survey report can be read on the Packt website, which details on what developers think about the changing tech landscape and the parameters that are driving that change. This survey report is launched at the start of the Skill Up campaign, where every eBook and video will be available for $10. Go grab your free content now!last_img read more

Transat buys up land in Mexico one step closer to launching its

first_img MONTREAL — Transat A.T. Inc. has made its first step towards the goal of opening its own hotels with the announcement that it has purchased land in Riviera Maya, Mexico.The stretch of land, located in Puerto Morelos on Mexico’s Yucatán Peninsula, is ideally situated midway between Cancun and Playa del Carmen, some 20 kilometres from Cancun International Airport.In addition, the company has entered into a promissory agreement to purchase a second adjacent property for a total consideration of between US$54 and $57 million to build a new beachfront resort.The agreement is subject to certain usual conditions and is anticipated to close on or around Nov. 1, 2018.“We are very pleased with these transactions in a prominent Mexican tourism market,” said Transat President and Chief Executive Officer Jean-Marc Eustache. “This is just the beginning: we are continuing our exploratory work with the objective of finding attractive land or hotels that we can acquire or manage. Our company’s future growth will be built on hotel development and, obviously, the strength of our leisure travel business.”More news:  Beep, beep! Transat hits the streets with Cubamania truckFirst announced in July 2017 following the sale of its minority 35% interest in Ocean Hotels, Transat’s new hotel division will include some 5,000 owned or managed hotel rooms at its main Sun destinations by 2024. Posted by Tuesday, September 25, 2018 Share << Previous PostNext Post >>center_img Tags: Hotels & Resorts, Riviera Maya, Transat Transat buys up land in Mexico, one step closer to launching its first resort Travelweek Group last_img read more