Trading budget – Taiyo 33 http://taiyo-33.com/ Fri, 01 Jul 2022 08:13:12 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://taiyo-33.com/wp-content/uploads/2021/11/taiyo-150x150.png Trading budget – Taiyo 33 http://taiyo-33.com/ 32 32 The budget imposes on the private sector “as usual”, according to the Chamber https://taiyo-33.com/the-budget-imposes-on-the-private-sector-as-usual-according-to-the-chamber/ Fri, 01 Jul 2022 07:31:05 +0000 https://taiyo-33.com/the-budget-imposes-on-the-private-sector-as-usual-according-to-the-chamber/ The Gibraltar Chamber of Commerce said the private sector would “as usual” be expected to pay more than most due to a budget that had missed opportunities to generate additional revenue and contained no economic stimulus package. In a statement, the House said that despite earlier warnings about the need to rein in public sector […]]]>

The Gibraltar Chamber of Commerce said the private sector would “as usual” be expected to pay more than most due to a budget that had missed opportunities to generate additional revenue and contained no economic stimulus package.

In a statement, the House said that despite earlier warnings about the need to rein in public sector spending and increase efficiency, there was little evidence this was happening.

“If government finances are in such a dire state, more drastic measures such as means testing and inflationary rent increases for government housing should have been considered,” the Chamber said.

“In his budget speech just after the EU referendum in 2016, the Chief Minister called on public servants ‘to be ready to do more, to go further, to work harder, to be more efficient and to wield greater influence than ever in shaping our shared future.”

“There is little evidence that this appeal has been heeded since then.”

“In short, the budget was a missed opportunity to plan for the future and bring the government’s finances back into balance.

“We will all have to pay for this but as usual it will be the private sector that will have to pay more than most, a private sector that has been hammered and is still struggling to recover from the effects of the pandemic and is already coping significant cost increases resulting from budgets over the past few years.

The House noted that the public deficit is expected to be £55.29m this year and £45.3m next year.

He said the government would borrow to fill this gap instead of seeking greater efficiency and cutting spending “which would be the most prudent and sensible approach”.

“No attempt has been made by the government to rein in its recurrent expenditure despite the sharp decline in revenue and the increase in debt,” the Chamber said.

“Alarmingly, he has announced that he is ready to borrow to continue giving civil servants pay rises when they are paid an average of 40% more than their British counterparts.”

“This stands in stark contrast to some private sector employees who will continue to face wage freezes.”

The Chamber said there was little transparency about the true state of the government’s finances or how much it directly owes or when government-owned businesses are included.

“That would have been a good starting point so that we could all be clear on the extent of the problem,” Chamber said.

The Chamber said changes to import duties would encourage more people to shop online or in Spain once again, as the flat 10% duty rate for personal imports had been dropped “to the detriment local businesses”.

He also said the £1,300 Covid-19 recovery levy on each business was “unreasonable and disproportionate”.

“Why should a small business with one or two employees pay the same amount as a business that employs several hundred?” It said.

“If such a charge were unavoidable, a fairer system would have been to make it scalable and therefore more affordable using the Societies Act definitions.”

And a day after the government announced it would reconsider the measure after receiving representations from financial services firms, the House drew a line in the sand and set the stage for another row.

“What absolutely must not happen is that only local trading companies are burdened with this burden and those that benefit from being incorporated in this jurisdiction but do not trade locally are exempted from it,” he said. declared.

“That would be a first-order inequity.”

The House said some of the increases announced in the budget were “understandable given the headwinds” described by the chief minister in his address.

These include increases in electricity and water, although the Chamber noted that significant increases in these services, other charges and social insurance had already been introduced last year. .

But he said many of the other increases amounted to stealth taxes in other forms.

Increases in license fees, registration fees, a tax on cruise passengers and a tax on tourism would all generate additional revenue if the collection mechanisms are robust enough.

But the House questioned how the government plans to collect the resort tax on Airbnb rentals that are unregulated, “thereby competing unfairly with established hotels”.

He said there was nothing in the budget that indicated ‘a semblance’ of a future financial plan for Gibraltar, and that apart from raising ‘the usual taxes’, few other measures to revenue increases were announced except for the Covid recovery fund.

The Chamber said the stamp duty had remained static for several years despite a booming property market and the government could have generated additional revenue without damaging confidence.

]]>
Barnes & Noble Nook GlowLight 4e review: budget e-reader with buttons https://taiyo-33.com/barnes-noble-nook-glowlight-4e-review-budget-e-reader-with-buttons/ Thu, 30 Jun 2022 15:30:00 +0000 https://taiyo-33.com/barnes-noble-nook-glowlight-4e-review-budget-e-reader-with-buttons/ For years, the only practical alternative to Amazon’s Kindle was a Kobo. But after a long absence, Barnes & Noble is back in the game with its new GlowLight 4 eReaders. The company recently released the $119.99 Nook GlowLight 4e, the budget version of the $149.99 Nook Glowlight 4 introduced in December . With its […]]]>

For years, the only practical alternative to Amazon’s Kindle was a Kobo. But after a long absence, Barnes & Noble is back in the game with its new GlowLight 4 eReaders. The company recently released the $119.99 Nook GlowLight 4e, the budget version of the $149.99 Nook Glowlight 4 introduced in December . With its physical page-turning buttons, USB-C support, and 212dpi resolution, this new entry-level model looks like a serious contender.

On paper, it is. After testing the e-reader for about a week, I’m not convinced it’s worth it unless you prefer the physical page turn buttons.

It’s mainly these buttons that set the GlowLight 4e apart from other eReaders in this price range. Like its more expensive sibling, the GlowLight 4e’s buttons are located on the right and left sides of the screen for turning pages. This is a feature usually reserved for more expensive Amazon and Kobo e-readers, and even the $139.99 Kindle Paperwhite doesn’t have it. They make it easy to turn pages quickly without having to swipe the touchscreen, which like many e-reader displays at this price point can be sluggish to respond.

By default, the top buttons move the page forward while the bottom ones move it back, although you can reverse the order. You can also double-click the buttons to move forward or back one chapter or quickly “flip” through pages by pressing and holding the button that advances the pages. Additionally, you can use the buttons to scroll through the list of books sold by Barnes & Noble.

The only problem? These buttons stopped working the second time I turned on the GlowLight 4e. It took two consecutive reboots of the device to get them working again. They haven’t caused any problems since, but I don’t know if this problem will resurface in, say, a month and become a regular occurrence. Barnes & Noble spokesperson Braeden Boyle said this was not an issue the company encountered during its internal testing, however, so it’s possible this is just an issue unique to my device. . Still, it’s not at all reassuring that this happened in the relatively short time I’ve been using the Nook.

The Nook GlowLight 4e comes with physical page turn buttons.

Weighing just six ounces and standing 6.11 inches tall, the slim, rectangular GlowLight 4e is lightweight and easy to slip into a purse. It has a soft-touch finish that’s comfortable to hold while reading, even with one hand. Still, given that this is a more entry-level model, Barnes & Noble understandably swapped out some features for others. For example, unlike the $139.99 Kindle Paperwhite, it’s not waterproof and lacks speakers, a headphone jack, and Bluetooth support. As a result, you won’t be able to listen to audiobooks, which you could even do using the cheaper entry-level Kindle at $89.99.

But, unlike the Kindle and even Kobo’s $119.99 Clara HD, the GlowLight 4e actually has a USB-C port (though you’ll have to provide your own charging brick). These can charge faster than micro USB cables, and Barnes & Noble says a 5-watt charger should top it up in about 2.5 hours. This is an accurate estimate – I was able to charge the device from 50-100% in an hour.

Barnes & Noble claims the GlowLight 4e should work “for weeks.” After a week of testing, reading 20-30 minutes a day with Wi-Fi on and the screen at 50% brightness, the battery level dropped by 60%. So I expect battery life to last nearly two weeks or about six hours on a single charge with Wi-Fi on and the light at about half power. With the Wi-Fi and the light off at times, it can last a few more days of use – or about three weeks in total – which isn’t terrible. Still, considering that for $20 more you can get a Paperwhite that lasts for months, I was hoping for longer battery life.

The Nook GlowLight 4e supports USB-C which is definitely a plus.

You can adjust text size and change fonts.

At 221 dpi, the GlowLight 4e’s E Ink display is superior to Amazon’s Kindle, which offers a disappointing 167 ppi resolution but isn’t as sharp as the Kobo Clara HD’s 300 ppi display. If crisp text matters more to you than physical page turn buttons, this could be a problem. It wasn’t a dealbreaker for me, though. The text is always pleasant to read and I could easily adjust the size and font of the text to make it easier to read if needed. Plus, as you might guess from the name, the GlowLight 4e comes with an adjustable backlight, which makes text much easier to see, especially at night. However, the light lacks a color temperature adjustment that makes it easier to read after the sun goes down, which Kobo’s Clara HD and the Kindle Paperwhite offer. Otherwise, reading more than 30 minutes before bed tires my eyes, especially because I don’t have good eyesight.

Plus, while the GlowLight 4e’s semi-matte screen looks crisp and clear in direct sunlight, it doesn’t remove glare, as Barnes & Noble promises, but simply reduces it. Under direct sunlight, I also noticed a slight reduction in contrast and sharpness levels. The screen is also supposed to be scratch and fingerprint resistant. Luckily so far, the GlowLight 4e lives up to its potential in this regard.

Finding something to read can take a bit of time.

In fact, using the screen to navigate the interface takes patience. The touchscreen was slow to respond, making the process of setting up, finding a book, and adjusting settings a hassle. Things get nicer once you leave the main menu to read, though. Save to adjust settings like text size, you don’t need to use the touchscreen while reading since you can rely on the buttons to turn pages very quickly. Additionally, the GlowLight 4e does not contain any advertising, which you have to pay extra to remove when you purchase a Kindle.

Unlike Amazon’s Kindle but like Kobo’s e-readers, the Nook supports ePub format so you can read books obtained outside of its bookstore. I was happy to find that it’s relatively easy to quickly load ePub files into it. Within 10 seconds, I was able to connect the Nook to my MacBook Air using the USB-C cable and drag and drop an ePub file into the eReader. You can do the same on a Kindle, but it’s a long and complicated process involving the Caliber app – at least for now. There are rumors that the Kindle’s “Send to Kindle” feature will soon be able to easily convert ePub files to a format that Kindles can read, which could level the playing field here.

You can also borrow eBooks from the library, but the process might be quicker and easier. It took a few minutes to borrow a book and transfer it using Adobe Digital Editions and a USB-C cable. Amazon, on the other hand, has partnered with library programs like Overdrive so you can borrow a book wirelessly. Meanwhile, Overdrive’s library is conveniently integrated directly into Kobo’s eReaders.

The Nook GlowLight 4e home screen.

The back of the Nook GlowLight 4e.

For an entry-level eReader, the Nook GlowLight 4e offers a good basic reading experience overall. However, my main complaint is the price. With the Nook GlowLight 4e, Barnes & Noble is trying to offer a budget alternative to e-readers that offer page-turning buttons, which tend to be the most expensive. The company understandably cut a few corners for this to happen, but when the product’s distinctive feature temporarily stops working after just a day of use, it may have cut too much. Plus, some features are too essential to the daily reading experience to trade away when you’re paying $119.99. Kobo’s Ad-Free Clara HD costs the same amount, but you can read it at night without straining your eyes thanks to the adjustable color temperature settings. Battery life of a few weeks is good and comparable to Kobo’s Clara HD, but the new Kindle Paperwhite will last you months for just $20 more.

Ultimately, if you don’t want to be tied down to Amazon and don’t need physical buttons, Kobo’s eReaders are still the best alternative. But, if you don’t care who makes your eReader (and don’t primarily buy Barnes & Noble books), it’s worth spending the extra $20 on the Kindle Paperwhite – or at least the wait. let it be on sale. With the exception of an ad-free experience, you’ll get most of the benefits of Kobo’s Clara HD, but with water resistance, extra storage, incredible battery life, fast performance, a headphone jack, and access to frequently discounted ebooks from Amazon – and the list goes on. Again, there are simply no physical buttons. But, for me at least, they’re not really worth it.

Photography by Sheena Vasani / The Verge

]]>
The State budget records exceptional performance, highlights a controlled economic recovery – Inforial https://taiyo-33.com/the-state-budget-records-exceptional-performance-highlights-a-controlled-economic-recovery-inforial/ Wed, 29 Jun 2022 12:18:16 +0000 https://taiyo-33.com/the-state-budget-records-exceptional-performance-highlights-a-controlled-economic-recovery-inforial/ Inforial (The Jakarta Post) Jakarta ● Wed 29 Jun 2022 2022-06-29 19:11 0 e16ff64e7ecc29b417414912233399eb 4 Tooltip Free According to the economic and financial report released by the Fiscal Policy Agency (BKF) this year, Indonesia recorded a trade balance surplus of $2.9 billion in May. The surplus is part of an ongoing trend that has lasted […]]]>

Inforial (The Jakarta Post)

Jakarta ●
Wed 29 Jun 2022

2022-06-29
19:11
0
e16ff64e7ecc29b417414912233399eb
4
Tooltip

Free

According to the economic and financial report released by the Fiscal Policy Agency (BKF) this year, Indonesia recorded a trade balance surplus of $2.9 billion in May.

The surplus is part of an ongoing trend that has lasted for 25 consecutive months and is expected to have a positive impact on Indonesia’s gross domestic product (GDP) growth in the second quarter of 2022.

Nirwala Dwi Heryanto, Director of Communications and User Guidance Service of Customs and Excise, explained that the trade balance surplus was reflected in the overall performance of exports and imports, which increased positively year on year. on the other (year-on-year).

“Cumulatively, the trade balance recorded a surplus of $19.79 billion. As of May 31, customs and excise revenue also increased significantly by 41.26% year-on-year, reaching 57.27% of the state revenue and expenditure budget for 2022. [APBN] target,” he added.

This achievement was driven by the positive performance of all components of customs and excise revenue, such as import duties with growth reaching 32.46% (year-on-year), excise revenue with growth tobacco products (CHT) by 41.73% (year-on-year) and beverages containing ethyl alcohol (MMEA) by 22.77% (year-on-year), as well as export duties with a growth of 54.46% (year-on-year) compared to the same period in 2021.

Overall, the continued positive performance supports the government’s efforts for a sustainable national economic recovery following the contained management of the COVID-19 pandemic. This can be seen in the expenditures of the APBN, highlighting how the exceptional performance has been used to finance various sectors.

For example, APBN expenditures in the healthcare sector were used for patient claims worth Rp

$16.2 trillion ($1.09 billion), healthcare worker incentives worth Rp 2 trillion, vaccinations worth Rp 1.9 trillion and health services health worth Rp 1.2 trillion.

In addition, APBN expenditures were also used to finance fuel compensation, subsidies, as well as the pre-employment card scheme with total expenditures of Rs 334.7 trillion.

Grant realization also increased compared to 2021, influenced by the acceleration in the disbursement of energy subsidy underpayments, an increase in the distribution of subsidized goods and the increase in the price of Indonesian crude (ICP).

According to Nirwala, the government is committed to using the APBN to improve the welfare of the Indonesian people.

“As a form of accountability, the government is actively campaigning for the achievement of the performance of the APBN. We also appreciate the members of the public who participate in supporting the management of the state budget,” he concluded.


]]>
Unions fear budget impact on lowest-paid workers https://taiyo-33.com/unions-fear-budget-impact-on-lowest-paid-workers/ Tue, 28 Jun 2022 18:11:14 +0000 https://taiyo-33.com/unions-fear-budget-impact-on-lowest-paid-workers/ Trade unions in Gibraltar have raised concerns about the growing cost of living crisis and the impact the Chief Minister’s budget will have on workers and their families. While parts of the speech were welcome, the key sentiment from Unite the Union, GGCA and NASUWT was concern over rising costs to the individual. For Unite […]]]>

Trade unions in Gibraltar have raised concerns about the growing cost of living crisis and the impact the Chief Minister’s budget will have on workers and their families.

While parts of the speech were welcome, the key sentiment from Unite the Union, GGCA and NASUWT was concern over rising costs to the individual.

For Unite the Union, there were key ‘positive headlines’ such as the public takeover of AquaGib, the purchase of St Bernard’s Hospital and inflationary increases to the minimum wage, old age pension and unemployment benefits. ‘disability.

“It was never going to be an easy budget, but the Chief Minister’s budget presentation was punctuated by positive economic indicators pointing to a strong economic recovery and a possible return to surplus,” Unite the Union said in a statement. communicated.

“These are the points that Unite has repeatedly made in terms of the long-term economic plan.”

“However, we have witnessed a budget that places the majority of the burden of fiscal consolidation on workers.”

“The last announced cost of living increase dates back to the pre-Covid 2019 budget.”

“Apart from a commitment to address any parity issues with UK public sector workers, who themselves have experienced more than a decade of wage austerity, there is no increase in the cost of living. in the 2022 budget.”

“Rising cost of living not only drives public sector wage increases, but also serves as a benchmark for private sector wage increases.”

“Instead, we saw an effective and additional reduction in wages in real terms given inflation, coupled with further increases in the cost of utilities.”

The union said the Chief Minister confirmed that companies’ gross trading profits rose 10.5% during the year, with real average annual income down 4.6%, with indicators showing that “the ‘inflation is driven up by corporate profits, not workers’ wages’. ”.

In addition to increasing the cost of public services and applying wage moderation by announcing no increase in the cost of living, there is also the announcement of a personal tax increase for two years, a An effective triple whammy for workers, the union added.

“As workers face a personal tax hike, against a fall in real average earnings, employers benefiting from a double-digit percentage rise in profits are being presented with a £25 Covid recovery charge per week,” the union said.

“This is a payment that applies equally regardless of the size of the employer and whether the benefits are in the thousands or hundreds of thousands.”

“The extra tax paid by public and private sector workers via the personal tax increase will dwarf the £25 a week Covid recovery fee paid by employers.”

“Unite actively supported measures through Covid that protected both workers and businesses to ensure there was an economy to rebuild post-Covid, but this budget appears to be asking workers to dig deep and employers who see profits in the hundreds of thousands or more pay an extra £1,300 a year as a Covid recovery fee.

‘Workers held Gibraltar together during Covid and now they are being asked to pay for the crisis.’

“Unite has submitted a public sector wage grievance to which the government has not responded, the results of this budget and the impacts on workers will be discussed and debated with our union stewards and workplace representatives to ‘examine the collective union response to this escalating cost of living crisis.’

The GGCA was also concerned about the rising cost of living and the impact this would have on entry-level public sector workers.

Wendy Cumming, president of the GGCA, said the union had already received calls from its members who were concerned about the impact this budget would have on their personal finances, particularly those at entry levels.

These are people looking to buy a home or start a family or have young families who are “earning the bottom rung”.

The unions met and made representations to the chief minister and the government when social insurance and utility bills started to rise about 18 months ago.

“There has been no cost of living, we are seeing another 2% increase in taxes and another 8% increase in water and electricity in this budget,” Ms. Cumming.

“Our members tell us they fear making ends meet, especially those in AA and AO positions.”

“But there are also positives where they don’t reduce positions and reduce progression on the ladders.”

“But on the other hand, it’s the third year and the cost of living is exponential, and this year we will earn less, so it will be a difficult year for many members.”

Although the GGCA has only a small number of members in the private sector, the union is happy that the minimum wage has been increased, but is unsure whether it will be able to meet rising costs. linked to inflation and other costs.

The teachers’ union, NASUWT Gibraltar, told the Chronicle it was also concerned about this year’s budget, but welcomed the announcement that no cuts will be made to public sector staff.

“Life is clearly going to get harder for most people, but particularly for those on low incomes or those who have recently started their careers,” a spokesperson for NASUWT Gibraltar said.

“Fortunately, we negotiated a salary adjustment a few years ago, but unfortunately any benefits will be wiped out by the rising cost of living.”

“Recovering the economy, if we don’t get a Brexit deal, will be even more difficult.”

“Reducing staffing levels is not something we want to see.”

“In fact, we have always maintained that many teachers have been in permanent positions for years but do not have permanent contracts and are obviously needed.”

“That, we are happy to say, is being resolved.”

]]>
Punjab budget: AAP’s first budget draws mixed reactions : The Tribune India https://taiyo-33.com/punjab-budget-aaps-first-budget-draws-mixed-reactions-the-tribune-india/ Tue, 28 Jun 2022 03:57:00 +0000 https://taiyo-33.com/punjab-budget-aaps-first-budget-draws-mixed-reactions-the-tribune-india/ Tribune press service Neha Saini Amritsar, June 27 As the Aam Aadmi party tabled its first budget, the BJP denounced the ruling party’s first attempt as ‘directionless’, with no provision made for the party’s flagship poll promise of a monthly allowance of 1,000 rupees for women. BJP senior leader Rajinder Mohan Singh Chhina […]]]>


Tribune press service

Neha Saini

Amritsar, June 27

As the Aam Aadmi party tabled its first budget, the BJP denounced the ruling party’s first attempt as ‘directionless’, with no provision made for the party’s flagship poll promise of a monthly allowance of 1,000 rupees for women.

BJP senior leader Rajinder Mohan Singh Chhina said all sectors had been ignored and no concrete steps had been taken to correct the ailing financial health of the state.

He said the agricultural sector, which is experiencing the worst growing pains ever, has been neglected as no provision has been made to make farming a lucrative and profitable practice. Chhina said no attempt has been made to control rising prices and the budget will lead to more inflation.

He criticized the Bhagwant Mann government for its “broken” promise to women. The AAP’s budget has also been criticized for missing promises in its poll to provide social security for women, unemployed youth and the elderly.

Dr Satnam Singh Ajnala, president of Jamhoori Kisan Sabha, said the budget did not address issues related to farm incomes. “Agriculture contributes 28% of Punjab’s GDP, but the fiscal penalty for the same stands at around 7.4%, which is very less. The budget for this session is no different from the last and is not even close to the promises made by the AAP during the contestation of the vote. Social security for women, seniors, unemployment benefits, which were the great promises of the PAA, remain unfulfilled to this day. There is no roadmap to increase state revenue,” he said.

Some appreciated the AAP’s attempt to accomplish a great deal with limited resources.

“The state budget of Rs 1.55 lakh crore reflects an attempt to prioritize development within limited resources. Focusing on industrial points and acquiring unused industrial land for new entrepreneurs will trigger the creation of new jobs. Continuing to subsidize industrial electricity will encourage entrepreneurs. Increased expenditure for medical and technical education, too, was the need of the hour. Installing solar power plants in schools to explore the potential of energy is a welcome step,” said Dr. SS Chhina, Secretary (Education), Chief Khalsa Diwan.

Meanwhile, the city’s business fraternity appears to be pleased with the provision of Rs 3,163 crore for the promotion of industry and business in the budget. Chairman of the Punjab Pradesh Board of Trade, Pyare Lal Seth, said the Board welcomes the establishment of the traders commission, calling it a significant step for the betterment of traders.

“Our demands included abolishing the Punjab State Development Tax (business tax), announcing an economic package for the border districts of Punjab, accelerating the Patti Makhu rail link project, among other things,” Seth said.

MP for Amritsar West, Dr Jasbir Singh Sandhu called on pro-budget people and said people had seen a glimpse of the promised change. He said that by presenting the first paperless budget in the history of Punjab, the government saved Rs 21 lakh per year.

“The budget prioritized health, education and tourism, which will help raise the standard of living for the common man. No less than 75 mohalla clinics will be opened on August 15 on the 75th independence day and the “Farishtey” scheme, under which the victim would receive free treatment in the event of a road accident at any public hospital or nearby, are some of the highlights that prove our government’s commitment to the welfare of the people,” he said.


Aujla reminds Mann of his plea for a long assembly session

Amritsar: MP Gurjeet Singh Aujla reminded CM Bhagwant Singh Mann of his strong views on holding long sessions for the Punjab Vidhan Sabha, which he had shared with him in parliament as a colleague. In a tweet, Amritsar MP Lok Sabha expressed amazement that given the limited days of the session “you don’t seem to be a fan of long Vidhan Sabha sessions anymore.” Speaking to The Tribune, he said: ‘The government has tabled the full budget and white paper indicating that the budget session will end in a few days. Once a colleague of CM Mann in Parliament, Aujla reminded him that he was a strong believer in the long sessions of the Vidhan Sabha, which is currently underway to table the budget. He reminded Mann of his opinions which he had shared with him on the sidelines of the Lok Sabha sessions which they had jointly attended. He recalled that Mann used to accuse bureaucracy of fixing short sessions. “Now, however, you have also been influenced by bureaucracy by limiting the session to just a few days,” he said. Aujla concluded in his tweet with a single line “the longer session would increase the accountability of the bureaucracy”. Notably, President Kultar Singh Sandhwan last month had announced a first budget session of at least 10 days of the newly elected 16th Punjab Vidhan Sabha, saying that the necessary time would be given to discuss all its aspects. The new government had presented its provisional budget of Rs 37,120 crore for the first quarter of the financial year (2022-23) in March. TNS


The AAP came to power based on popular slogans and the promises made to the voters have not been kept today. Women are the first victims. The deterioration of the law and order situation in the state has had an impact on all citizens, but no measures or budgetary provision have been made to strengthen law enforcement. Budgetary allocations for education, health and infrastructure were dismal and insufficient to provide respite to the common man. – Rajinder Mohan Singh Chhina, Senior BJP Leader

Vox populi

The budget has a mixed bag for people. Mohalla clinics will definitely help people access low cost treatment which is the need of the hour. Several announced projects such as the opening of faculties of medicine and the fight against stubble burning are welcome decisions. But overall, the budget offers no benefit or respite from inflation for the common man. — Sanjeev Behal, owner of a bazaar lobby veterinary medicine business

I was disappointed that the social security of Rs 1,000 for women was not taken into account in the budget. The government presented the budget as a “people’s budget” taking into account the suggestions. But there’s nothing in there for the janta. No social security for women, no mention of inflation. We have to see if they really implement the discourse on mohalla clinics and other promises. — Rita Sharma, City Housewife

The budget did not address farm income issues. Agriculture contributes 28% of Punjab’s GDP, but the fiscal penalty for it stands at 7.4% (approximately), which is very less. This budget is no different from the previous one and is not even close to the promises made by the AAP, which it made while contesting the ballot. — Dr. Satnam Singh Ajnala, President, Jamhoori kisan sabha

The budget of Rs 1.55 L crore reflects an attempt to prioritize development within the confines of limited resources. Focusing on industrial points and acquiring unused industrial land for new entrepreneurs will trigger the creation of new jobs. Continued subsidization of industrial electricity will encourage entrepreneurs. Increased expenditure for medical and technical education, too, was the need of the hour. Installing solar power plants in schools to explore the potential of energy is a welcome step. — Dr. SS Chhina, Secretary (Education), Chief Khalsa Diwan

The Board welcomes the establishment of the Traders Commission, which is a significant step in uplifting traders. In the budget of Rs 1,55,859.78 crore, where the government has made a provision of Rs 95,378.28 crore from tax collection, provisions for the promotion of trade and industry will encourage traders in Punjab . —Pyare Lal Seth, Chairman, Punjab Pradesh Board of Trade

]]>
Tourism gets a bigger share of the budget https://taiyo-33.com/tourism-gets-a-bigger-share-of-the-budget/ Mon, 27 Jun 2022 12:30:42 +0000 https://taiyo-33.com/tourism-gets-a-bigger-share-of-the-budget/ The Ministry of Economic Development and Tourism in Mpumalanga tabled its policy and budget speech on Friday 10th June. The MEC for Finance, Economic Development and Tourism, Vusi Mkhatshwa, said R1.7 billion is proposed for the 2022/23 financial year. “For us to achieve all of the planned goals, we will need concurrent funding.” The first […]]]>

The Ministry of Economic Development and Tourism in Mpumalanga tabled its policy and budget speech on Friday 10th June. The MEC for Finance, Economic Development and Tourism, Vusi Mkhatshwa, said R1.7 billion is proposed for the 2022/23 financial year. “For us to achieve all of the planned goals, we will need concurrent funding.”

The first is administrative. “It is proposed to allocate an amount of R126.6 million to Program 1, among other things, to continue to provide policy guidance and administrative, financial and other support functions across the department.”

Integrated economic development is the second program, which received R872.1 million.

“This includes an amount of R231.2 million to fund the needs of the Mpumalanga Economic Growth Agency and an amount of R576.7 million to finalize the construction of the Mpumalanga International Fresh Produce Market. The amount allocated to the market includes R110.5 million which was carried over from 2021/22 to 2022/23.

Trade and Sector Development is the third program and has received R97.1 million to fund the growth and development of economic sectors and strategic initiatives, including increased investment in the province. This amount includes R64.9 million for operational costs, professional services and capital infrastructure to initiate the establishment processes of the Nkomazi SEZ. Corporate regulation and governance is the fourth program. An amount of 128.4 million rand has been allocated to it. This amount includes R106.3 million to enable the economic regulator of Mpumalanga to continue to implement part of the legislative mandate relating to the regulation of the alcohol and gambling industries.

Economic planning has a total amount of R21.2 million allocated to it as the fifth programme. It will continue to provide economic planning and analysis services to the province, as well as fund green economy initiatives.

ALSO READ: Plans underway to green Mpumalanga, says agri MEC Busi Shiba

Mkhatshwa said tourism had been allocated R498.1 million for the sixth scheme to further develop the tourism sector and market and promote Mpumalanga as a top tourist destination.

“This amount includes R467.2 million to fund the needs of the Mpumalanga Tourism and Parks Agency.”

READ ALSO: Mpumalanga High Court Convicts Ex-Cop For Shooting His Wife

Mkhatshwa said this allocated amount is intended to fund the needs of the department and its four public entities for the fiscal year ending March 2023.

]]>
Public consulted on the 2023 national budget https://taiyo-33.com/public-consulted-on-the-2023-national-budget/ Sun, 26 Jun 2022 13:40:46 +0000 https://taiyo-33.com/public-consulted-on-the-2023-national-budget/ The public spending target for 2023 aims to prioritize improving people’s living standards and building a more resilient society by accelerating the education sector, promoting vocational training and strengthening systems. of social protection – a decision that should greatly contribute to the rehabilitation of the Kingdom’s economy after the pandemic. Chheang Vun, chairman of the […]]]>

The public spending target for 2023 aims to prioritize improving people’s living standards and building a more resilient society by accelerating the education sector, promoting vocational training and strengthening systems. of social protection – a decision that should greatly contribute to the rehabilitation of the Kingdom’s economy after the pandemic.

Chheang Vun, chairman of the National Assembly’s 2nd Committee on Economy, Finance, Banking and Audit, made the remarks at the opening ceremony of the national public forum titled “Citizen Engagement in formulating the budget and monitoring public revenue and expenditure in the post-Covid-19 era process” in Phnom Penh.

Vun said that in 2023, investments in Cambodia are expected to increase thanks to a number of internal and external factors. He explained that the external factors would likely be an increase in demand for goods, both regionally and globally, as more countries have largely brought Covid-19 under control.

The internal drivers would be the government’s continued ability to manage the pandemic and would reflect in particular the success of the Kingdom’s vaccination program.

“The reforms – both in administrative and political processes – are aimed at improving the environment and accelerating trade and investment, as well as promoting the development of digital trade in the national economy. On this basis, Cambodia’s economic growth in 2023 is expected to reach 6.6%. Inflation should be kept at 2.5%,” he said.

Tek Vannara, executive director of the Cambodia NGO Forum, also present at the event, said engaging citizens in the budget process is very important as it helps authorities understand people’s real needs and concerns. . It also contributes to transparency and accountability, essential to maintaining public trust.

“The legal framework at the subnational level includes numerous laws and policies designed to promote public engagement, particularly in the design and implementation of budgets. Unfortunately, enforcement of these regulations is not yet fully effective,” he said.

Vannara said that to establish effective investment and monitoring planning, local community members must be educated in the system.

Chan Chhorvy Sok, representative of Oxfam in Cambodia who also attended the forum, said that sustainable and environmental development requires the participation of all sectors, including government institutions, civil society organizations, the private sector and national and international organizations.

“Civil society and public engagement will make all policies responsive and prioritize the most vulnerable members of society, those living below the poverty line – especially women and girls – through increased efficiency in revenue collection and equity in investment and public spending,” she said.

]]>
Avis Budget Group (NASDAQ:CAR) shares a gap up to $154.52 https://taiyo-33.com/avis-budget-group-nasdaqcar-shares-a-gap-up-to-154-52/ Sun, 26 Jun 2022 05:29:07 +0000 https://taiyo-33.com/avis-budget-group-nasdaqcar-shares-a-gap-up-to-154-52/ Avis Budget Group, Inc. (NASDAQ:CAR – Get a rating) the stock price widened ahead of Friday’s trading. The stock had previously closed at $154.52, but opened at $161.32. Avis Budget Group shares last traded at $160.09, with volume of 2,100 shares changing hands. CAR has been the subject of a number of recent research reports. […]]]>

Avis Budget Group, Inc. (NASDAQ:CARGet a rating) the stock price widened ahead of Friday’s trading. The stock had previously closed at $154.52, but opened at $161.32. Avis Budget Group shares last traded at $160.09, with volume of 2,100 shares changing hands.

CAR has been the subject of a number of recent research reports. StockNews.com downgraded shares of Avis Budget Group from a “buy” rating to a “hold” rating in a Friday, June 17 research note. Deutsche Bank Aktiengesellschaft raised its price target on Avis Budget Group shares from $193.00 to $238.00 in a Wednesday, May 4 research note. Barclays downgraded shares of Avis Budget Group from an ‘underweight’ to an ‘equal weight’ rating and raised its price target for the company from $164.00 to $245.00 in a report research on Wednesday, April 20. Bank of America downgraded shares of Avis Budget Group from a ‘neutral’ rating to an ‘underperforming’ rating and lowered its price target for the company from $250.00 to $240.00 in a report research on Wednesday, April 6. Finally, Morgan Stanley lowered its price target on Avis Budget Group shares from $168.00 to $156.00 and set an “underweight” rating on the stock in a Tuesday 7 June. Two research analysts gave the stock a sell rating and four gave the company’s stock a hold rating. According to data from MarketBeat.com, Avis Budget Group currently has a consensus rating of “Hold” and an average target price of $213.80.

The company’s 50-day moving average is $214.61 and its 200-day moving average is $213.43. The company has a market capitalization of $7.91 billion, a PE ratio of 5.05, a P/E/G ratio of 0.20 and a beta of 2.05.

Avis Budget Group (NASDAQ:CARGet a rating) last released its quarterly earnings data on Monday, May 2. The business services provider reported earnings per share (EPS) of $9.99 for the quarter, beating analyst consensus estimates of $3.54 from $6.45. Avis Budget Group achieved a net margin of 19.13% and a negative return on equity of 635.44%. The company posted revenue of $2.43 billion in the quarter, versus a consensus estimate of $2.18 billion. In the same quarter last year, the company posted ($0.46) earnings per share. Analysts expect Avis Budget Group, Inc. to post earnings per share of 39.29 for the current fiscal year.

In related news, the President Bernardo Hees acquired 29,400 shares of the company in a transaction that took place on Friday, June 10. The shares were acquired at an average price of $168.69 per share, for a total transaction of $4,959,486.00. Following the completion of the acquisition, the President now owns 479,876 shares of the company, valued at approximately $80,950,282.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. Insiders have purchased 83,734 shares of the company worth $14,792,435 over the past 90 days. 37.30% of the shares are currently held by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. State of Michigan Retirement System increased its stake in shares of Avis Budget Group by 0.5% in the first quarter. State of Michigan Retirement System now owns 10,173 shares of the business services provider worth $2,679,000 after buying 49 additional shares in the last quarter. TCI Wealth Advisors Inc. increased its stake in Avis Budget Group shares to 79.5% in the first quarter. TCI Wealth Advisors Inc. now owns 158 shares of the business services provider worth $42,000 after buying 70 more shares in the last quarter. Quadrant Capital Group LLC increased its stake in Avis Budget Group by 19.1% during the fourth quarter. Quadrant Capital Group LLC now owns 468 shares of the business services provider valued at $97,000 after acquiring 75 additional shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Avis Budget Group by 24.8% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 388 shares of the business services provider valued at $103,000 after acquiring 77 additional shares in the last quarter. Finally, Captrust Financial Advisors increased its stake in Avis Budget Group by 18.3% during the first quarter. Captrust Financial Advisors now owns 569 shares of the business services provider valued at $150,000 after acquiring 88 additional shares in the last quarter.

Avis Budget Group Company Profile (NASDAQ:CAR)

Avis Budget Group, Inc, together with its subsidiaries, provides car and truck rental, car sharing, and ancillary products and services to businesses and consumers. It operates the Avis brand, which provides vehicle rental and other mobility solutions to the premium business and leisure segments of the travel industry; the Budget Truck brand, a local one-way truck and van rental company with a fleet of approximately 20,000 vehicles, which are rented through a network of approximately 465 dealer-operated locations and 385 company-operated locations that serve the consumer and light commercial sectors in the continental United States; and the Zipcar brand, a car-sharing network.

Read more



Receive daily news and reviews from Avis Budget Group – Enter your email address below to receive a concise daily summary of breaking news and analyst notes for Avis Budget Group and related companies with MarketBeat.com’s free daily email newsletter.

]]>
UBG solicits submissions from trade bodies for removal of budget anomalies https://taiyo-33.com/ubg-solicits-submissions-from-trade-bodies-for-removal-of-budget-anomalies/ Sat, 25 Jun 2022 06:04:49 +0000 https://taiyo-33.com/ubg-solicits-submissions-from-trade-bodies-for-removal-of-budget-anomalies/ The KARACHI (PR) United Business Group (UBG) budget anomalies committee will hold a meeting with Finance Minister Miftah Ismail in the next fortnight to discuss the anomalies of the 2022-23 federal budget. UBG Chairman Zubair Tufail has requested all business bodies through a circular to identify anomalies of their specific sectors […]]]>



The KARACHI (PR) United Business Group (UBG) budget anomalies committee will hold a meeting with Finance Minister Miftah Ismail in the next fortnight to discuss the anomalies of the 2022-23 federal budget. UBG Chairman Zubair Tufail has requested all business bodies through a circular to identify anomalies of their specific sectors in the budget and provide their proposals/suggestions/recommendations, supported by facts and figures, for overcome/remove them so that the 2022-23 federal budget is made business-friendly and to improve its impact on the economy. The United Business Group (UBG) Budget Anomalies Committee will meet with Finance Minister Miftah Ismail within the next fortnight to discuss the anomalies of the 2022-23 federal budget. UBG Chairman Zubair Tufail has requested all business bodies through a circular to identify anomalies of their specific sectors in the budget and provide their proposals/suggestions/recommendations, supported by facts and figures, for overcome/remove them so that the 2022-23 federal budget is made business-friendly and to improve its impact on the economy. The United Business Group (UBG) Budget Anomalies Committee will meet with Finance Minister Miftah Ismail within the next fortnight to discuss the anomalies of the 2022-23 federal budget. UBG Chairman Zubair Tufail has requested all business bodies through a circular to identify anomalies of their specific sectors in the budget and provide their proposals/suggestions/recommendations, supported by facts and figures, for overcome/remove them so that the 2022-23 federal budget is made business-friendly and to improve its impact on the economy. The United Business Group (UBG) Budget Anomalies Committee will meet with Finance Minister Miftah Ismail within the next fortnight to discuss the anomalies of the 2022-23 federal budget. UBG Chairman Zubair Tufail has requested all business bodies through a circular to identify anomalies of their specific sectors in the budget and provide their proposals/suggestions/recommendations, supported by facts and figures, for overcome/remove them so that the 2022-23 federal budget is made business-friendly and to improve its impact on the economy.






Previous postPM arrives in Sindh for one-day visit
Next postPak-China can promote commercial-scale tea production through JV: Experts


]]>
Pennsylvania budget talks boil down to school aid https://taiyo-33.com/pennsylvania-budget-talks-boil-down-to-school-aid/ Fri, 24 Jun 2022 18:47:19 +0000 https://taiyo-33.com/pennsylvania-budget-talks-boil-down-to-school-aid/ HARRISBURG, Pa. (AP) — With a week to go before the state budget deadline, Gov. Tom Wolf and leaders of the Republican-controlled Pennsylvania Legislature are working through their remaining differences as they attempt to reach an agreement on an amount of approximately 42 billion dollars. budget plan that they say will mobilize substantial new aid […]]]>

HARRISBURG, Pa. (AP) — With a week to go before the state budget deadline, Gov. Tom Wolf and leaders of the Republican-controlled Pennsylvania Legislature are working through their remaining differences as they attempt to reach an agreement on an amount of approximately 42 billion dollars. budget plan that they say will mobilize substantial new aid for Pennsylvania public schools and environmental cleanups while lowering corporate taxes.

Greasing the slippages this year is a massive influx of tax revenue leaving state bank accounts with – by some estimates – $12 billion in reserves and surpluses, boosted by inflation and a subsidy-fueled economy federal authorities in the event of a pandemic.

There will be no general tax cut, but substantial new aid will be given to public schools, as well as services for the disabled, children and the elderly who employ low-paid workers in low-wage occupations. high turnover rates that have suffered during the COVID-19 pandemic. .

Lawmakers are also expected to approve large sums of new money for mental health services and school safety, including counseling.

Lawmakers are expected to return to the Capitol on Monday, and votes could begin soon after.

Perhaps the biggest sticking point is the amount of aid Wolf, a Democrat, wants to send to public schools.

Talks continue behind closed doorsas lobbyists line the halls of the Capitol and grassroots lawmakers await briefings from leaders.

Budget agreements typically receive little public scrutiny before landing on a governor’s desk. In most years, hundreds of pages of budget legislation emerge from closed-door talks before several dozen bills hit floor votes — all within two or three days.

___

EDUCATION

Wolf seeks what he calls “generational investments” in public schools and public universities in Pennsylvania.

For public schools, Wolf requested nearly $1.8 billion more for instruction, operations, and special education, or about 21 percent more. Of this amount, $300 million was earmarked for the 100 poorest public school districts and $200 million for special education.

Republican leaders are prepared to send more money to public schools, but rather between a third and a half of the amount requested by Wolf. The state should be wary of overspending with an economic downturn possibly underway, they say.

In public universities, Wolf had requested $225 million for universities in the state system of higher education, including $150 million in one-time cash from remaining federal aid and $200 million annually to fund scholarships for students.

Republican lawmakers have been supportive of Wolf’s request for funding for public universities now that the shrinking system has gone through cost-cutting consolidation.

But the Wolf administration is still trying to convince lawmakers about the scholarship program. In recent weeks, Wolf’s office changed tack and proposed a different source of funding: an existing 2% gambling tax in casino table games.

___

TAXES

Even with so much cash lying around, don’t expect a generalized tax cut on income or sales.

Instead, lawmakers are aiming for a corporate tax cut, even though corporate tax collections in Pennsylvania have fallen from around 20% of all collections to around 15% in the past two years. decades, largely because the legislature ended a separate tax on corporate assets.

Republican lawmakers argue cutting the state’s 9.99% net corporate income tax rate — one of the highest in the nation — will attract more business, jobs and residents taxpayers to stimulate the state’s economy and slow population growth.

Democrats say it is more effective to invest more money in infrastructure, schools and quality of life issues.

Wolf is an ally in the fight to cut corporate taxes, but insisted that any tax cut comes with structural changes to crack down on tax avoidance strategies used by multistate corporations.

Wolf also argues that increasing funding for schools has the effect of a large reduction in property taxes, because it means the state takes a larger share of public funding for education. Pennsylvania allocates a higher proportion of school funding to local property taxes than most other states.

___

SOCIAL SERVICES

Most of the new spending will be used to keep pace with the rising cost of medical care for the poor and long-term care for the elderly and disabled.

Additionally, budget negotiators say they are looking to increase grants for nursing homes, child care centers and disability programs, all services that say they are struggling to find workers and, in some cases , plagued by closures.

Get daily news, weather, breaking news and alerts straight to your inbox! Sign up for abc27 newsletters here.

Nursing home trade associations have called for an increase in the Medicaid reimbursement rate of $295 million a year, or about 20%, saying they are losing money on every Medicaid enrollee.

___

MENTAL HEALTH

Securing tens of millions of dollars in additional aid for mental health programs is a top priority for counties and hospitals.

A lack of services and beds means people who come to emergency rooms in crises often stay there for long periods of time due to a lack of providers, according to the Hospital and Healthsystem Association of Pennsylvania. Counties and hospitals are also seeking more money for early intervention programs, to ensure more counseling services are available to help prevent a crisis.

Get the latest news on Pennsylvania politics and the 2022 election from your local election headquarters. Register here.

Meanwhile, schools are asking for more money for security, in light of the Uvalde school shooting in Texas that killed 19 students and two teachers.

That money — perhaps $100 million more — could fund physical security devices like metal detectors or security guards, but also school counselors or psychiatrists — a growing need that researchers say. school officials, has been accelerated by the COVID-19 pandemic and mass shootings.

___

FEDERAL ASSISTANCE

Wolf and top lawmakers say they are working to apportion $2.2 billion in remaining federal coronavirus aid approved by Congress last year.

A proposal by Wolf to send part of it in the form of $2,000 checks to households earning less than $80,000 a year won no Republican support.

Still, Republicans are considering a Wolf proposal using $204 million in federal aid to raise property tax and rent rebate checks by $475 for all 466,000 people in the program.

Some of the money could go toward a new $250 million “clean stream” program to help improve water quality in state waterways.

At least some of that money would go to help the state meet its commitments to improve water quality in the Chesapeake Bay. More than 90% of the state’s remaining pollution reductions must come from preventing agricultural runoff, according to the Chesapeake Bay Foundation.

Wolf is also pushing to use some of the money for anti-gun violence programs and housing subsidies.

]]>