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Setting a limit is a good step as it will ensure that only corporates with good credit rating which can raise funds relatively easily tap this market. Else, India could have a redux of the Indian GDR fiasco of the 1990s when corporates with dubious credentials had raised funds overseas.
The third tweak done to the rules is to specify that entities or persons associated with the issuer do not subscribe to the issue. This is another step to prevent round-tripping of funds through this route. The RBI had issued a long set of rules in April 2016 to prevent money laundering through this route.
CHAMPAIGN — Reports of vehicles being damaged along local stretches of Interstate 74 are continuing to pour in to state police.
There have been so many, in fact, that police are still trying to determine exactly how many vehicles were hit in shooting incidents and how many were damaged by debris on the road or rocks or other items falling out of trucks, according to Capt. Louis Kink, commander of Illinois State Police District 10, which is based in Pesotum.
"I think people are getting so scared right now that they're calling in with everything, which is good, because I'd rather have more information than not enough," Kink said.
It's been a week since a 3-year-old Monticello boy was injured by shards of glass after a window on the minivan he was riding in was shattered on I-74 between the Neil Street and Prospect Avenue exits. After that incident, state police said they've had numerous reports in the past month about windows being shattered on moving vehicles on I-74 between Champaign and Ogden. And over the past week, many more drivers in the area have reported similar incidents happening to them on I-74.
Kink said there's just not enough evidence yet to indicate whether one person or more than one person may be behind the incidents, and if a weapon is being used, what kind.
What he can say is that there is currently an increased police presence on much of this heavily traveled section of I-74 because of construction underway there.
To drivers who are worried about driving on I-74 because of the incidents, Kink said, "It's absolutely safe."
But he also cautioned drivers on this part of the interstate to pay attention, keep their eyes open and report anything suspicious to police sooner rather than later.
For drivers who believe their vehicles have been hit, Kink advised first checking to make sure everyone in the vehicle is OK, then exiting as soon as they can to call District 10 state police to report it.
Some drivers with damaged vehicles haven't called to make a report until later, he said, but the sooner police are notified, the better chance they have of catching the person or people responsible.
Meanwhile, some drivers said they're going to continue to avoid this stretch of I-74 if they can, at least for now.
Kim Velliquette of rural Armstrong was accustomed to hopping on I-74 two or three times a week to run errands in Champaign, but these days, she's taking a detour — going through Royal or on down to Ogden to catch U.S. 150, she said.
"Between (the incidents) and accidents and all of the construction, it's almost like the interstate between St. Joe and Urbana has become the Bermuda Triangle," Velliquette said as she filled her truck with gas Wednesday at the Village Pantry in Ogden.
Brandon Carnine, lead maintenance worker at the Pilot Flying J Travel Center in Oakwood, said if he sees people with out-of-state license plates he'll warn them if they're heading west and suggest they take U.S. 150.
"My brother lives in Champaign. When he drives over to my mother's, he takes 150 because he has a child," Carnine said. "It's slower, but he doesn't want to take a chance that he'll get hit or his son will get hurt."
Staff writer Noelle McGee contributed to this report.
NBN Co has blamed construction partners not meeting targets for the need to revise down the June target for the number of premises passed by fibre from 341,000 to between 190,000 and 220,000.
The company tasked with rolling out Australia's National Broadband Network (NBN) has blamed a construction worker shortage for delaying the construction of the fibre network by up to 150,000 premises.
NBN Co said that instead of passing 341,000 premises — 286,000 brownfields premises and 55,000 greenfields premises — with fibre by the end of June this year, NBN Co will only pass between 190,000 and 220,000 overall.
This is broken down to between 155,000 and 175,000 brownfields and between 35,000 and 45,000 greenfields premises.
It had been widely expected that NBN Co would revise down its June forecast. Following ongoing issues with Syntheo, figures published by NBN retailer Devoted NBN revealed that NBN Co had only passed just over 1,400 brownfields premises in the first 10 weeks of this year.
NBN Co CEO Mike Quigley blamed the delays on the construction partners not recruiting "boots on the ground" as quickly as required.
"Construction partners have not be mobilising boots on the ground at a fast enough rate to meet their own forecasts," he said.
"These construction problems are a short-term issue, and will not affect the long-term delivery of the NBN or the cost of the project. I want to be very clear NBN is taking accountability. As the CEO, I am committed to recovering from the delay."
Quigley said that NBN Co was ultimately responsible for the three-month delay in the project, and that the company will take action to ensure the rollout gets back on track. The measures include taking control of the Northern Territory rollout from Syntheo; 80 new roving fibre splicers, who will travel across the country to work in areas where there have been delays; and construction companies hiring more workers sooner than originally planned in order to ramp up the construction much quicker.
Quigley said that the move into the NT would only be a temporary measure, and NBN Co would not seek to construct the entire network on its own.
"You shouldn't read into this that NBN Co is becoming a construction company."
Quigley denied that the announcement was scheduled at the same time as the federal government leadership turmoil in order to minimise damage for the company. He said NBN Co's board met this morning, and had to agree to the revised forecast in advance of it going public.
He said that as the NBN is in an early stage of its rollout, the delays would not have any meaningful impact on the revenues for the company, or the date of completion of the NBN in 2021.
"We're not even changing the peak rate. All we're doing is holding that rate longer," he said.
The company denied claims that it was holding information from the public that it was offering retail service providers such as Devoted NBN.
"Claims we're being secretive and not providing information about [the rollout] are just nonsense," Quigley said.
After the conference call with journalists, Quigley told ZDNet that all the information was available through NBN Co's website but it was just raw data.
"The information we make available to retail service providers is available to anyone on our website. It is in a huge amount of detail," he said. "You need to spend quite some time analysing it if you are trying to draw conclusions from it, which is why we are drawing quarterly summaries."
He said that NBN Co was torn between providing more contextualised information that would take up more of the company's time, or having the raw data misinterpreted.
"The issue we've got, is we're providing so much information and people are just using it and making mistakes," he said.
"We're going to have to decide whether we're just providing so much information that it is simply confusing people."
Shadow Communications Minister Malcolm Turnbull this afternoon said that NBN Co was attempting to avoid scrutiny in announcing the writedown when it did, and said that NBN Co should have its forecasts submitted for independent analysis.
BATON ROUGE, LA (WAFB) - The East Baton Rouge Parish Dream Day Foundation picked up a big check today. The Southeast Louisiana Motor Cops Association donated more than $71,000.
They raise the money by holding motorcycle training seminars periodically with the proceeds going to dream day.
The foundation supports the life-saving efforts of St. Jude's Children's Hospital.
Dallas police are investigating a shooting at a hotel Wednesday morning that left one person dead and another in critical condition.
The shooting happened at the Royal Inn at 2030 W. Northwest Highway shortly before 3 a.m.
Police said a man and woman were shot on the balcony of the second floor of the hotel.
"A male and a female victim were reportedly involved in a disturbance of some sort on the balcony with an unknown suspect," said Sr. Cpl. Sherri Jeffery with the Dallas Police Department. "The unknown suspect then shot the two and fled the location."
Both victims were taken to the hospital following the shooting.
The 25-year-old female victim received a gunshot wound to the head and died from her injuries. The male victim, whose age has not been determined, is in critical condition.
Investigators said the suspect in the shooting fled the scene in a gold vehicle.
The motive in the shooting is still under investigation.
BRITISH scientists will wrap up warm and endure -55C temperatures on a research mission in Antarctica.
The team of 16 will also have to survive 105 days of darkness during the Southern Hemisphere's unforgiving winter.
Scientists will spend 18 months at the British Antarctic Survey's Halley Research Centre.
It is on the of the world's most remote research bases and sits 850 miles from the South Pole.
The conditions are so tough that a rescue mission in an emergency is almost totally out of the question.
Scared World War III is going to break out?
What time is Planet Earth II on, how many episodes are there and what is this series about?
Station leader John Eager, who is set to spend his second winter on the base, told Sky News: "It is easier to get back from the International Space Station than it is from Halley in winter.
"You are as remote as you can be".
The research centre's location is useful for scientists want to study the atmosphere, climate and space weather.
Over the summer months 95 people will be working on the ice.
Most of the team depart before the base is sealed off with 400 miles of pack ice.
Mr eager continued: "You have to rub along together.
"You have to be able to persevere when things are tough.
"You also need patience - just getting dressed to go outside can take 25 minutes.
"And you need to be up for it every single day and that's particularly hard when it's dark 24/7."
One of this season's first-timer's is station medic Dr Neil Spencer, who has left his job at a London A&E to head to the base.
He will be able to x-ray suspected fractures, carry out blood tests, and serve as a dentist, GP, and physiotherapist.
He said: "We train up some of the people to assist.
"But sometimes you have to bit the bullet and see what you can do".
NEW YORK — [artist id="1803648"]M.I.A.[/artist] made headlines during Madonna's Super Bowl halftime show Sunday when she flipped off the cameras ... and the 100 million-plus viewers tuning in at home. It was reported Tuesday that the controversial MC might be responsible for any FCC fines incurred because of her middle finger.
But who should be held responsible? And why did she do it in the first place? MTV News ventured to Times Square — where the New York Giants' Super Bowl victory was celebrated earlier in the day with a parade — to see what people thought of M.I.A.'s flip decision.
"It was not good for her, because she's still a young and up-and-coming artist, so she should be looking for more positive publicity," Valon Jaloshey, 22, told MTV News. "That's not the way to get it when you're giving the middle finger at the biggest performance of your life."
Maureen Kelley, 26, wasn't surprised by the artist's action but thinks her timing was inappropriate. "It's definitely very M.I.A. to have done that," Kelley said. "She probably shouldn't have done it at the Super Bowl." Kelley does have some advice for dealing with a potential fine: "Maybe she could just pretend that she was wiggling her fingers, I don't know."
M.I.A.'s fellow halftime performer Cee Lo Green, meanwhile, exclusively told MTV News late Monday that he knew nothing about the flip-off until the game was long over. "Honestly, I did not hear anything about it," he said. "There was no talk about it in the dressing room afterwards and we didn't stay long after the performance, because it was honestly a relief we had had it done. So I didn't hear anything until I got up to do the morning show, 'Today.' And television is a very sensitive [thing]."
What did you think of M.I.A.'s halftime flip-off? Let us know in the comments!
Here are the Pivot Points Levels with Support (S) and Resistance (R) for the USDJPY currency pair today. Price action is currently trading well over the daily pivot point at the 101.602 price level, according to data at 6:30 AM ET. The USDJPY high for the day has been 101.751 while the low of day has been reached at 101.349. The pair earlier today opened the Asian trading session above the daily pivot and has trended higher up to the R1 resistance level where selling pressure was found today.
Prices are currently trading slightly under the weekly pivot point at time of writing. The USDJPY is showing an overall sideways result for the week so far with dips below 101.00 and tops around the 101.70 weekly pivot area.
Here are the Pivot Points Levels with Support (S) and Resistance (R) for the USDCHF currency pair today. Price action is currently trading below the daily pivot point at the 0.89266 price level, according to data at 6:30 AM ET. The USDCHF high for the day has been 0.89503 while the low of day has reached to 0.89246. The pair earlier today opened the Asian trading session slightly above the daily pivot and initially trended higher before declining to under the daily pivot .
Prices are currently trading over the weekly pivot point at time of writing. The USDCHF has been on an overall weak bullish trend this week after opening the trading week a bit over the weekly pivot.
Here are the Pivot Points Levels with Support (S) and Resistance (R) for the GBPUSD currency pair today. Price action is currently trading at the 1.68762 price level and under the daily pivot point, according to data at 6:30 AM ET. The GBPUSD high for the day has been 1.69162 while the low of day has reached to 1.68610. The pair earlier today opened the Asian trading session above the daily pivot and has trended steadily lower into the North American session.
Prices are currently trading over the weekly pivot point at time of writing. The GBPUSD has been on an overall bullish trend this week after opening the trading week very close at the weekly pivot while the pair has hit resistance at the R1 resistance area.
VIX Futures Contracts: Large traders and speculators added to their overall bearish bets in the VIX futures market last week for a third straight week and to the highest level since September, according to the latest data from the Commodity Futures Trading Commission (CFTC) released on Friday.
The VIX non-commercial futures contracts, comprising of large speculator and hedge fund positions, totaled a net bearish position of -82,686 contracts in the data reported for May 13th. This was a change of -19,220 contracts from the previous week’s total of -63,466 net contracts that was registered on May 6th.
The third straight weekly increase in bearish positions brings overall net contracts to the highest bearish level since September 17th 2013 when net positions stood at a level of -91,017 contracts.
Meanwhile, the VIX index over the same reporting time-frame last week edged lower from a 13.80 reading on Tuesday May 6th to a 12.13 reading on Tuesday May 13th, according to the Chicago Board Options Exchange (CBOE) Volatility Index.
10 Year Treasuries: Large futures market traders and speculators reduced their overall bearish bets in the 10-year treasury note futures last week to the lowest level in six weeks, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
The non-commercial futures contracts of the 10-year treasury notes, primarily traded by large speculators and hedge funds, totaled a net position of -82,180 contracts in the data reported for May 13th. This was a change of +47,229 contracts from the previous week’s total of -129,409 net contracts that was recorded on May 6th.
The 10-Year Note non-commercial net bearish positions are now at their lowest level since April 1st when total net positions equaled -68,776 contracts.
Over the weekly reporting time-frame, from Tuesday May 6th to Tuesday May 13th, the yield on the 10-Year treasury note showed no change at the 2.61 level, according to data from the United States Treasury Department.
CRUDE OIL: Large futures market traders and speculators raised their overall bullish bets in crude oil futures last week after declines the previous two weeks, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
The non-commercial contracts of crude oil futures, primarily traded by large speculators and hedge funds, rose to a total net position of +387,739 contracts in the data reported for May 13th. This was a change of +4,646 contracts from the previous week’s total of +383,093 net contracts for the data reported through May 6th.
Last week’s modest increase brings non-commercial net positions back from the lowest level since February 11th when net positions totaled +382,334 contracts.
Over the same weekly reporting time-frame, from Tuesday May 6th to Tuesday May 13th, the crude oil price gained from $99.81 to $101.86 per barrel, according to Nymex futures price data from investing.com. Brent crude prices, meanwhile, also showed a rise from $107.12 to $108.67 per barrel from Tuesday May 6th to Tuesday May 13th, according to prices from investing.com.
GOLD: Futures market traders and large speculators decreased their net bullish bets in the gold futures market last week after traders had raised their bullish positions for the previous three weeks, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
The non-commercial futures contracts of Comex gold futures, traded by large speculators and hedge funds, totaled a net position of +91,634 contracts in the data reported through May 13th. This was a change of -6,322 contracts from the previous week’s total of +97,956 net contracts that was registered on May 6th.
The gold non-commercial net positions stood at the highest level since April 1st before last week’s decrease.
Over the weekly reporting time-frame, from Tuesday May 6th to Tuesday May 13th, the gold price declined from $1,307.60 to $1,295.20 per ounce, according to gold futures price data from investing.com.
Here are the Pivot Points Levels with Support (S) and Resistance (R) for the EURUSD currency pair today. Price action is currently trading at the 1.36714 price level and under the daily pivot point, according to data at 6:30 AM ET. The EURUSD high for the day has been 1.37227 while the low of day has fallen to 1.36588. The pair earlier today opened the Asian trading session virtually on top of the daily pivot and has trended sharply lower today with prices declining to the S1 support level.