– will try to recover taxes owed on heavy-duty machineryBy Vahnu ManikchandThe Guyana Revenue Authority (GRA) has clamped down on a billion-dollar scam whereby heavy-duty vehicles were being imported and not registered. According to Commissioner General Godfrey Statia, the main focus now is recovering the taxes that were not paid.It was reported that the State has been losing billions annually over excavatorsGRA Commissioner General Godfrey Statiaand other heavy-duty machinery and equipment that were not registered.Statia said the “players” involved would be called in and told what would be required of them going forward as well as to get those machinery registered. He pointed out that there would be no seizure of these machinery and equipment.“As far as GRA is concerned, we try to minimise seizures. All we try to do is collect the taxes that were not collected. People need to get on with their lives; I won’t be seizing vehicles unnecessarily. All I want is when I look at the transaction, if there are any taxes that should have been made, they are paid and we go on,” the GRA Commissioner General posited.He went on to explain that this scheme has been on GRA’s radar for some time now. Statia outlined that exercises were carried out, monitoring vehicles that had been moving within the country, especially excavators and draglines, but when checks were made, there were no records of them in the system.“It was on the cards for a little while, but then what we found is that there was one particular excavator that was imported and we could not have found it, it was cleared and we could not have found it until now. And now that we have gone through additional transactions, we have found that they’ve been tainted,” he noted.The GRA head further pointed out the problem was as long as these machinery and heavy-duty equipment were not registered, the Authority would not be in a position to find or trace them. As such, Statia said he would be meeting with the importers and trying to facilitate them getting the titles for the vehicles.While he opted not to divulge the information, the Commissioner General said he was aware of the identity of these importers.“I’m not pointing fingers at anyone who may be guilty at this point in time. But yes, we know all the importers and we know where their warehouses are and these things,” he stated.Further asked about the scale of the scheme, the GRA head said that it was not all importers of heavy-duty machinery and equipment who were involved in the racket. He added that the GRA would have a much clearer idea of the magnitude when it went through its records and speak with the importers.Moreover, Statia pointed out that “somewhere along the line, the system went lax and allowed these excavators to be roaming free without numbers and without registration. We need to regularise them.”Asked whether this scam could have been facilitated by staffers within the system, Commissioner General Statia noted that when he was done with the investigations, he would know “exactly who were involved and whether it was done because of ignorance or knowingly and willingly to defraud the Revenue Authority.”It was also reported that in addition to heavy-duty machinery and equipment, a number of vehicles have also been imported under this scam and were not registered.
10 December 2014A new system aimed at improving the competitiveness of South Africa’s mining sector came into effect on Monday, 8 December, the departments of Mineral Resources and Environmental Affairs said in a joint statement on Tuesday.The One Environmental System is aimed at streamlining licensing processes for mining, environmental authorisations and water use.It represents the “government’s commitment to improve the ease of doing business and further enhance South Africa’s global competitiveness as a mining investment jurisdiction,” the statement said.Under the system, the minister of mineral resources will be responsible for issuing environmental authorisations and waste management licences for mining and related activities.Environmental Affairs Minister Edna Molewa will be the appeal authority for these authorisations.The National Environmental Management Laws Amendment Act, known as Nemla 3, is part of a suite of Acts that form the One Environmental System.While passed in September, it was only implemented from 8 December to ensure all complementary legislation, including certain sections of the Minerals and Petroleum Resources Development Amendment Act (MPRDA), were in place.Permits will now be issued simultaneously by environmental affairs, mineral resources and water and sanitation within a fixed time frame – a maximum of 300 days.If a decision is appealed, an additional 90 days will be granted to finalise the process.“Until all the legislative amendments have been effected to formalise these timeframes, the timeframes stipulated in [the he National Environmental Management Act] Nema will be applicable,” the statement said.Until the regulations regarding residue stockpiles and residue deposits as well as the financial provision for rehabilitation regulations are finalised, the MPRDA regulations remain in force.Minister of Mineral Resources Ngoako Ramatlhodi can now appoint mineral resource inspectors, who will have the same powers as environmental management inspectors to enforce the provisions of the National Environmental Management Act.The system was first announced by President Jacob Zuma in his State of the Nation address in February.SAinfo reporter
The Nelson Mandela Bridge, named after South Africa’s first democratic President, has won several awards. The bridge is situated in Johannesburg.The Nelson Mandela Bridge get a pink illumination every year since 2012 to raise awareness for breast cancer. (Image: South African Tourism)Brand South Africa reporterParis has its Eiffel Tower, New York its Statue of Liberty, Sydney its Harbour Bridge. And downtown Johannesburg has the iconic Nelson Mandela Bridge.Named after the man who led South Africa across the apartheid divide, the bridge was opened by Nelson Mandela in July 2003. Crossing no less than 46 operational railway lines, the 284-metre-long bridge is largest cable-stayed bridge in southern Africa.Designed by Dissing+Weitling Architecture, the bridge has won numerous awards, including the South African Institute of Civil Engineering Award for Most Outstanding Civil Engineering Project Achievement in Technical Excellence category.The bridge links the Braamfontein business area with the Newtown precinct. Taking two years to build, the bridge was at the heart of a inner city renewal project by Gauteng province’s economic development initiative, Blue IQ. (Blue IQ has since merged with the Gauteng Development Agency to become the Gauteng Growth and Development Agency).The rejuvenation project aimed to create a “cultural arc” – a crescent from Constitution Hill through Braamfontein and down to Newtown, which is now known as the city’s cultural precinct.The bridge links important civic and cultural institutions: the Constitutional Court, the Civic Theatre and Wits University in Braamfontein; Mary Fitzgerald Square, the Market Theatre and the 1913 Museum Africa in Newtown.Other attractions in the area are the Dance Factory, the Sci-Bono Discovery Centre and the SAB World of Beer. The square regularly hosts several big events, including the Joy of Jazz festival and Diwali.During 2011’s Joburg Fashion Week, South African designer David Tlale turned the bridge into the longest ramp in the history of South African fashion. Tlale’s Made In The City collection featured 92 models in celebration of 92 years of Nelson Mandela’s life.Watch:In 2012, the City of Johannesburg and a cosmetics company lit the bridge pink for a week in an effort raise awareness about breast cancer.Facts about the bridgeNelson Mandela Bridge carries two lanes of traffic and has two sidewalks for pedestrians as well as a cycle path, with a continuous toughened glass parapet to ensure pedestrian safety.According to Construction Weekly:The asymmetrical dual-pylon cable-stay bridge is made up of a 66-metre north back span, a 176-metre main span and a 42-metre south back span, giving a total length of 284 metres.The north pylon is 42-metres high and the south pylon 27-metres high, creating a delicate balance and an interesting visual appeal.The main span was built as light as possible, using structural steel with a concrete composite deck, while the heavier back spans were built from reinforced concrete to counterbalance the long main span.The bridge is supported on the largest pot bearings ever to be installed in South Africa. The 1.5-metre diameter bearings, which have a capacity of up to 27 Mn, are designed to accommodate the large temperature movements of the bridge.Approximately 4 000 cubic metres of concrete and 1 000 tons of structural steel were used to construct the bridge, with around 500 tons of reinforcing steel cast into the concrete.Sources: South African Tourism, Dissing+Weitling Architecture, Gauteng Growth and Development Agency, Construction Weekly, and the City of Johannesburg.Would you like to use this article in your publication or on your website? See Using Brand South Africa material
MOST READ Aside from his candid commentary, the former NBA player is notorious for bringing out the Philippines’ famed cleaning tool during playoff times—which perfectly signifies going winless in a best-of-seven playoff series.Speaking alongside fellow analysts Heather Cox, Michael Wibon and Chauncey Billups prior to tip-off of Game 4 of the Western Conference Finals between the Golden State Warriors and the San Antonio Spurs on Monday (Tuesday in Manila), the 2000 NBA Most Improved Player once again brought out the broom to signify the Spurs’ demise.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSMalditas save PH from shutoutSPORTSPrivate companies step in to help SEA Games hosting“I have as much respect for the Spurs as anybody, that’s why I’m not gonna wave it very high,” Rose said referring to the “walis tambo,” which he wrongly identified as its outside counterpart, the “walis tingting.”“But I have to get out the walis-walis, tingting tambo, because the Spurs will be getting swept this evening.” The 2017 NBA Playoffs have been filled with landslide victories or “sweeps,” and ESPN analyst Jalen Rose has surely taken notice.ADVERTISEMENT LATEST STORIES View comments His comical gesture was warranted, as the Warriors indeed swept the Spurs, catapulting themselves to a 12-0 post-season record and into their third straight NBA Finals appearance.READ: Warriors set 12-0 record for 3rd straight trip to NBA FinalsCome post-game, Rose once again proudly waved the “walis tambo.”“My Filipino family, fans, and friends wanted me to bring out the walis, walis, tingting,” he said. Khristian Ibarrola /raJalen Rose calls the GSW sweep tonight! Where the Filipino homies at! Lol. pic.twitter.com/XFP3ecK4JiADVERTISEMENT Man who told immigrant to go back to country asked to write essay SEA Games: PH beats Indonesia, enters gold medal round in polo Pagasa: Kammuri now a typhoon, may enter PAR by weekend Sports Related Videospowered by AdSparcRead Next Panelo suggests discounted SEA Games tickets for students PLAY LIST 01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes Cayetano dares Lacson, Drilon to take lie-detector test: Wala akong kinita sa SEA Games 250 enrolled at phony school arrested in immigration scam Lillard, Anthony lead Blazers over Thunder — Warriors Talk (@JaeAzizi) May 23, 2017 Hornets beat Pistons for 8th straight time LOOK: Vhong Navarro’s romantic posts spark speculations he’s marrying longtime GF Don’t miss out on the latest news and information. Warriors ready for third straight NBA Finals appearance
zoomImage Courtesy: Pixabay (Pixabay License) A man has died after falling from a tug boat into the River Mersey near the Tranmere Oil Terminal in Wirral, according to the UK authorities.Emergency services were called to Liverpool Pier Head in the evening hours of January 27 following reports from the coastguard about the overboard incident.The man was rescued from the water at the Pier Head and taken to hospital by ambulance, where he was pronounced dead, Merseyside Police said.“At this point there has been no formal identification of the man. A post mortem will be carried out to establish a cause of death, which is currently being treated as unexplained. Witness and CCTV enquiries are ongoing.”Merseyside Police and the UK’s Marine Accident Investigation Branch (MAIB) have launched separate investigations into “the unexplained death” of the man.Tranmere Oil Terminal, located on the West side of the River Mersey, handles vessels of up to 65,000 tonnes. The terminal, which welcomes a total of 140 ships each year, is currently capable of handling cargo sizes up to 170,000 tonnes on part laden very large crude carriers (VLCCs).
New Delhi: The coal ministry on Monday inked an agreement with West Bengal Power Development Corporation Ltd for allotment of Deocha Pachami Dewanganj-Harinsingha coal block. The project is expected to address the immediate and future coal and power requirements of the region. “The central government entered into an allotment agreement with the West Bengal Power Development Corporation Limited (WBPDCL) regarding the Deocha Pachami Dewanganj-Harinsingha coal block today,” the coal ministry said. Also Read – Thermal coal import may surpass 200 MT this fiscalIn accordance with the provisions of Coal Block Allocation Rules, 2017, made under the Mines and Minerals (Development and Regulations) Act, 1957, the WBPDCL has been allocated the the coal block located in West Bengal containing an area of 12.28 sq km with estimated reserves of 2102 MT for power generation. The project is slated to generate both direct and indirect employment in West Bengal considerably and also contribute to the socio-economic development of the region. Further, the project envisages to address the immediate as well as the forthcoming coal and power requirements.
Custom publisher and marketing communications firm the TDA Group has been acquired by South Asia publisher CyberMedia. Terms of the deal were not disclosed.Los Altos, California-based the TDA Group, which serves the global IT industry, provides marketing consulting, content development and graphics design services. CyberMedia publishes 15 titles in the IT, telecommunications, consumer electronics, and biotechnology industries, and produces events, Web sites and television.According to CyberMedia chairman Pradeep Gupta, the purchase of the TDA Group is a move toward growing the company’s content-based services business.Media investment bankers DeSilva + Phillips represented the TDA Group in the deal.
Avengers: Endgame posterTwitterAvengers: Endgame movie released earlier today in China and is slated to release in the USA and in India on April 26. However, ahead of its worldwide release, the most anticipated Marvel movie has become the latest victim of piracy site Tamilrockers.As per recent reports, the Avengers Endgame movie has apparently become the latest victim of piracy site Tamilrockers. Just two days before its official release, the movie is being made for illegal downloads on multiple torrent sites. As of now, HDCAM 720p print is currently available for illegal downloads.It was requested a couple of days ago by Endgame movie directors not to spoil anything. But despite their best efforts to the fans, the movie is now leaked online. In addition to this, there are several Reddit subthreads which are currently discussing the entire plots of Avengers: Endgame movie.Avengers: Endgame movie is predicted to earn more than $1 billion at the worldwide box office collection. In India alone, the movie has made a record for selling 1 million tickets in just one single day. With the movie leaking on Tamilrockers, the film will definitely hit at the box-office as we already know that the entire weekend tickets are sold and several fans will try to watch it online for free only. Scarlett Johansson with Chris Hemsworth, Paul Rudd, Robert Downey Jr and Jimmy KimmelTwitterAs I have mentioned in my previous Game of Thrones leaked post that piracy is not only bad but is also a crime. Millions of dollars go into making such incredible movies and it does not make any sense when some people just leak the movies online. As an ardent MCU fan, I request to all of you to stay away from the spoilers and do not go for the illegal download prints to watch this anticipated Marvel movie.Avengers: Endgame movie is directed by Joe and Anthony Russo and will start after the events shown in Avengers: Infinity War. The movie will feature Robert Downey Jr., Chris Evans, Scarlett Johansson, and others reprising their roles for one more time. There are speculations that the movie will break several box-office records as it will be the last time when we will see Downey Jr. playing Tony Stark or Iron Man. We just hope that fans will stay away from the illegal prints and enjoy the superhero drama in theaters only.
A Jet Airways Boeing 777-300ER taxis at San Francisco International Airport, San Francisco, California, February 16, 2015.Reuters fileEven though Jet Airways has been in talks with several investors to raise funds, local credit rating agency ICRA has downgraded its long-term ratings to C from B-. The short-term rating of the carrier had been kept at A4.The rating has been downgraded to C, keeping in mind the full-service airline’s debt instruments such as long-term loans of about Rs 49.70 billion, fund-based facilities Rs 6.45 billion, and non-convertible debenture programme of Rs 6.98 billion, to name a few.”The rating downgrade considers delays in the implementation of the proposed liquidity initiatives by the management, further aggravating its liquidity, as reflected in the delays in employee salary payments and lease rental payments to the aircraft lessors,” the Week quoted ICRA analysts as saying.Jet Airways too confirmed the downgrade in a regulatory filing.Debt instruments with a C rating are considered to have a very high risk of default, while A4 rating is allowed to those instruments that are said to have minimal degree of safety, when it comes to timely payment.After Jet Airways’ rating was downgraded to C, the carrier’s shares slipped about 2.4 percent intraday on Friday, December 7. At about 3 pm, Jet shares were valued at Rs Rs 276.10 at the Bombay Stock Exchange.Meanwhile, ICRA had warned of a downgrade, before it made a decision and an official had said that many of the carrier’s fund-raising plans hadn’t worked out as expected. “We have undertaken a rating review of Jet Airways as none of the airline’s proposed fund raising plans have materialized yet. This is expected to lead to further financial distress in the company and we are watching the situation closely, a senior official at ICRA, told Arabian Business.The full-service airline has been going through a severe cash crunch for a while now, and has been in talks with several investors to raise funds. Just a few weeks ago it was said that owner Naresh Goyal had turned to Reliance Industries’ chairman Mukesh Ambani.While Reliance Industries has never involved itself in the aviation sector until now, Goyal was said to have gotten in touch with Ambani in his personal capacity.”In the past, Reliance Industries has ruled out any investment in the aviation sector and turned down various offers, including bailing out defunct Kingfisher Airlines, but this time, Goyal has approached Mukesh Ambani in his personal capacity,” a source in the know told LiveMint.Goyal, who owns a 51 percent controlling stake in Jet, was also known to have discussed the offer with chairman emeritus of Tata Group Ratan Tata. Another source told LiveMint that the Tata Group had shown an interest in bailing out Jet Airways, but it depended on Goyal and his willingness in giving up his controlling stake.Jet is also said to have reached out to UAE-based Indian businessman Yusuff Ali MA and Goyal was said to be discussing a bail-out plan with him.Jet Airways CEO Vinay Dube too had revealed that the carrier was trying to secure funding from various sources.”We are in active discussions with various investors to secure sustainable financing to navigate through the current headwinds and create long-term growth. There is interest in our strong brand and confidence in our business turnaround efforts,” he had said in a letter to Jet’s frequent flyers.
ZomatoCredits: ReutersMore than 300 famous restaurant brands in millennium city of Gurgram are breaking their association with aggregators and table reservation services including Zomato, EazyDiner, Nearbuy, MagicPin and Gourmet Passport. These restaurants have blamed unsustainable “deep discounting” strategies by aggregators. The restaurants have planned to exit dine-in programmes from today which gives customers heavy discount on meal bills. Financial daily, The Economic Times reported that eateries across other cities will follow the suit in coming days.National Restaurant Association of India (NRAI) president Rahul Singh highlighted heavy rentals and denial of input tax credit which has eroded their revenue sharply. He added, “Restaurants have already suffered due to increasing rentals, and denial of input tax credit. The situation is now aggravated through the anytime, anywhere, any-day discounting behaviour by aggregators. So now restaurants have come together to detox consumers from discount addiction.” Delhi, Pune, Mumbai, Kolkata and Bengaluru will be next, Singh further added. NRAI has a representation of around 500,000 restaurants across India.Moreover, restaurants are also planning to issue advisory to customers. One of notes to be published for customers read, “We are here to provide you a wholesome experience through a sustainable business environment. Zomato Gold, EazyDiner, MagicPin, Nearbuy, etc are resorting to unjust practices and hurting our business. We have no option but to #LogOut as a mark of our protest.” For instance, Infinity Dining programme launched by Zomato in July for its Gold members, a user a can order unlimited meals at restaurants for a fixed price. Restaurants have argued that such programs have deeply hurt their profitability but to stiff competition in market they are forced to participate. ZomatoFacebookPriyank Sukhija, CEO of First Fiddle Restaurants said, “We were being arm-twisted enough — it was high time we took such a step. We can’t offer such unsustainable discounting to consumers, it disrupts our entire books.” Multiple rounds of meetings between the aggregators and eateries have been unsuccessful. Sakhija also said, “We have held multiple meetings with aggregators like Zomato on their Gold offering on the discounting issue — unsuccessfully.”Other restaurants argued that deep discounting has led to sharp increase in their operating cost. Also after they were denied input tax credit their revenues have further eroded. “Discounting as much as 50% leads to steep increases in operating costs. As it is we have been denied input tax credit. This sort of discounting also devalues the brand, and is simply unsustainable,” added Lalit Ahlawat, cofounder of Striker Hospitality and Soi Hospitality.