1st Finance & Central Bank Deputies Meeting under the G20 Presidency of India scheduled in Bengaluru on Tuesday

Dec 12, 2022 | Business

The first G20 Finance and Central Bank Deputies (FCBD) meeting is scheduled to be held during 13-15 December 2022 in Bengaluru. This meeting, which will mark the start of discussions on the Finance Track agenda under the Indian G20 Presidency, will be hosted jointly by the Ministry of Finance and the Reserve Bank of India.

The G20 Finance Track, led by Finance Ministers and Central Bank Governors of G20 countries, focuses on economic and financial issues. It provides an effective forum for global economic discourse and policy coordination. The First Finance Ministers and Central Bank Governors Meeting will be held during 23-25 February 2023 in Bengaluru.

Hon’ble Prime Minister said in his address at the Bali G20 Summit that the need today is that the benefits of development are universal and all-inclusive. Ministry of Finance has imbibed this idea in the  G20 Finance Track agenda. He has also given us a vision that India will strive to ensure that the G20 acts as a global “prime mover” to envision new ideas and accelerate collective action over the next one year.

The upcoming meeting of G20 Finance and Central Bank Deputies will be co-chaired by Mr Ajay Seth, Secretary, Department of Economic Affairs and Dr Michael D. Patra, Deputy Governor of RBI. Their counterparts from G20 member countries, and from several other countries and international organisations invited by India, will participate in the two-day meeting.

The G20 Finance Track discusses key issues of relevance for the global economy, encompassing the global economic outlook, the international financial architecture, infrastructure development and financing, sustainable finance, global health, international taxation and financial sector issues, including financial inclusion.

In the Bengaluru meeting, discussions will focus on the agenda for the Finance Track under the Indian G20 Presidency. This includes reorienting international financial institutions to meet the shared global challenges of the 21st century, financing cities of tomorrow, managing global debt vulnerabilities, advancing financial inclusion and productivity gains, financing for climate action and SDGs, a globally coordinated approach to unbacked crypto assets and advancing the international taxation agenda.

On the sidelines of the meeting, a panel discussion will be held on ‘Strengthening Multilateral Development Banks to Address Shared Global Challenges of the 21st Century’. A seminar on the ‘Role of Central Banks in Green Financing’ will also be held.

The Indian G20 Presidency’s theme of ‘One Earth One Family, One Future’ will guide the G0 Finance Track discussions. Approximately 40 meetings of the Finance Track will be held in several locations in India, which include meetings of G20 Finance Ministers and Central Bank Governors. The discussions in the G20 Finance Track will ultimately be reflected in the G20 Leaders’ Declaration.

India has assumed the G20 Presidency at a time of multiple challenges, which include scarring from the COVID-19 pandemic, sharpened geopolitical tensions, rising food and energy security concerns, growing debt distress, inflationary pressures, and monetary tightening, among others. A key role of the G20 is to provide guidance in dealing with such challenges.

During India’s G20 Presidency, supporting the countries most in need and reflecting the concerns and aspirations of developing countries will be at the forefront of the G20’s efforts. The Ministry of Finance and the Reserve Bank of India will steer the G20 Finance Track agenda in an inclusive manner aimed at addressing the global economic needs of today as well as preparing for a better tomorrow.

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Hong Kong – Manslaughter in Central

Jul 30, 2022 | International

Manslaughter in Central

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     Police are investigating a manslaughter case happened in Central today (July 30) in which a 40-year-old local man died.



     At 1.27am, Police received a report from a staff of hotel on Hollywood Road that a 40-year-old man was lying unconscious in a hotel room.



     Police officers sped to the scene and found the 40-year-old man lying unconscious in the bathroom. Sustaining no superficial injury, he was certified dead at scene.



     A small quantity of suspected drugs in suspected connection with the case was seized.



     Police arrested a 38-year-old foreign man in suspected connection with the case for manslaughter at the aforesaid location. A 44-year-old local man in suspected connection with the case was later arrested for manslaughter in Aberdeen. Both arrestees are being detained for enquiries.



     Post-mortem examinations will be conducted later to ascertain the cause of death of the deceased.



     Active investigation by the District Crime Squad of Central District is underway.

CVMG’s Central Fontana at Sierra Fountains provides residents easy access to care

Mar 16, 2022 | Books, Business

Ground-breaking partnership between Jamboree Housing, CVMG benefits Inland Empire

Central Fontana At Sierra Fountains

Central Fontana At Sierra Fountains

FONTANA, Calif. – March 15, 2022 – PRLog — Cucamonga Valley Medical Group’s new Central Fontana at Sierra Fountains clinic will provide residents of the 60 affordable apartments with easily accessible healthcare options as a result of an innovative partnership between CVMG and Jamboree Housing Corporation.

The 3,000-square-foot health and wellness clinic will offer residents and community members of Sierra Fountains diabetes health education classes, immunization services and pediatric through geriatric care. CVMG will hold a Grand Opening event on March 31. The new location in the community located at the southwest corner of Sierra and Ramona avenues welcomes new patients as well as current CVMG patients.

“CVMG is a dedicated community partner at our locations throughout the Inland Empire,” said Cucamonga Valley Medical Group CEO Rahmi Mowjood, DO. “The goal is to serve the community with our new Central Fontana at Sierra Fountains location. Our focus is on taking care of you when you need us and also on preventative health, which is important to everyone.”

“CVMG’s Core Culture is focused on life, love and compassion,” Mowjood said. “With CVMG you are treated like family. We treat our patients, employees and our community the way we’d want to be treated and the way we treat family.”

Founded in 1990, Irvine-headquartered Jamboree Housing Corporation is an award-winning, broad-based nonprofit housing development company that develops, acquires, renovates, and manages permanently affordable rental and ownership housing throughout California for working families, seniors, and people with special needs.

“Jamboree’s strong partnership with the City of Fontana and its Housing Authority spans 20-plus years,” said George Searcy, Jamboree’s Chief Impact Officer. “While Sierra Fountains is our sixth Fontana property, it is the city’s first affordable housing community with an onsite health and wellness clinic”

“Our valued partnership with Cucamonga Valley Medical Group brings to life a shared belief that housing is healthcare, offering both our residents and the local neighborhood convenient access to free health education classes and healthcare services,” Searcy said. “This collaborative effort creates one creative development with an impact that will be felt for many years to come.”

Fontana Housing Authority and Jamboree forged a 57-year ground lease agreement that helped transform a 4.66-acre blighted lot into 60 affordable apartment homes for working families. Sierra Fountains offers one-, two-, and three-bedroom apartments in a trio of three-story buildings as part of a $23 million development that also includes an approximately 5,000-square-foot community building.

CVMG’s Central Fontana at Sierra Fountains location provides an onsite healthcare option for the new development’s residents as well as the surrounding community.

“Accessing quality healthcare can be a difficult challenge for anyone, but it’s even more so for families living on limited income. By placing a clinic at Sierra Fountains, the Cucamonga Valley Medical Group is bringing care directly to families who need it and helping eliminate health disparities in our county,” San Bernardino County Second District Supervisor Janice Rutherford said.

CVMG’s presence at Sierra Fountains will make an impact in the community as well as throughout the region.

“Housing and healthcare are two critical components for a good quality of life,” Fontana Mayor Acquanetta Warren said. “We are excited about the opening of Sierra Fountains and Cucamonga Valley Medical Group. This project is one of the many examples of how Fontana and its partners are working to establish a better economic future.”

“One of Fontana’s strategic goals is to promote attainable housing by facilitating the construction of high-quality multi-family housing,” Mayor Warren added. “We will continue to maintain focus on increasing, preserving, and improving housing that is affordable and livable for all Fontana residents.”

With six locations throughout the Inland Empire, CVMG has expanded its dedicated team in recent months with the addition of seven providers — Paola Yanez, FNP-C; Stefanie Schlosser, FNP-C; Julie Yang, NP-C; Pauline Sung, FNP; Christina Richards, NP; Claudia Guerra, RN, Director of Clinical Management; and Marsha Barlocker, Director, QI Measures & Patient Education.

Visit https://www.cvmgdocs.com

Media Contact

Bianca Lambert, Community Outreach Specialist

***@cvmgdocs.com

909.828.5024

The Central Board recommends 8.10% rate of interest to its subscribers for the year 2021-22

Mar 13, 2022 | Business


The 230th meeting of Central Board of Trustees, EPF was held today during the AKAM Iconic Week in Guwahati under the Chairmanship of Shri Bhupendra Yadav, Union Minister for Labour & Employment and Environment, Forest & Climate Change, Vice-Chairmanship of Shri RameshwarTeli, Union Minister of State for Labour & Employment, Petroleum & Natural Gas and Co-Chairmanship of Shri Sunil Barthwal, Secretary Labour & Employment and the Member Secretary Smt. NeelamShammi Rao, Central P F Commissioner.


The Central Board recommended 8.10% annual rate of interest to be credited on EPF accumulations in members’ accounts for the financial year 2021-22. The interest rate would be officially notified in the government gazette following which EPFO would credit the rate of interest into its subscribers’ accounts.


EPFO despite following a conservative approach towards investment, has consistently generated high returns over the last many years which has enabled it to distribute higher interest to its subscribers, through various economic cycles with minimal credit risk.


Traditionally, EPFO has been able to give a higher rate of interest on retirement savings in comparison to other available investment options because of its prudent investment policy of investing in long tenor high yielding securities for the past several decades. This has ensured that the returns on EPFO’s investments are higher even when the yields have been steadily coming down in the past decade.


For FY 2022, EPFO decided to liquidate some of its investment in equities and the interest rate recommended is a result of combined income from interest received from debt investment as well as income realized from equity investment. This enabled EPFO to provide a higher return to its subscribers and still allowed EPFO with a surplus to act as a cushion for providing a higher return in the future also. There is no over-drawl on the EPFO corpus due to this income distribution.


The assured fixed return approach of EPFO, announced by CBT every year along with the tax exemptions makes an attractive savings option for the PF members.


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Central Bureau of Narcotics busts illegal Drug manufacturing factory in Delhi

Feb 18, 2022 | Business


Preventive and Intelligence Cell, Central Bureau of Narcotics, New Delhi, developed specific information about a clandestine manufacturing plant of Tramadol in Bawana, Industrial Area, New Delhi and its forefront store at Sirsa (Haryana) in selling the manufactured Tramadol in disguise of Ayurvedic Medicines.


Acting on the said specific information joint Preventive team of Central Bureau of Narcotics New Delhi and Gwalior conducted raid at Plot No. 93, Pocket G, Sector 5, Bawana Industrial Area, New Delhi and at Sh. Balaji Ayurvedic Store, Janta Bhawan Road, Sirsa (Haryana) on 07.02.2022 and unearthed a clandestine Tramadol manufacturing unit at Bawana Industrial Area, New Delhi. The said manufacturing unit was running in disguise of Honey processing plant and manufactured Tramadol Tablets were branded as Ayurvedic medicine. The search of the said premises resulted into recovery of approx. 52.245 kg Tramadol pills and powder and 1.08 kg of substance suspected to be opium.


Tramadol is an opioid analgesic of the same family of drugs as medications like oxycodone and hydrocodone, considering its misuse for addiction purpose Government has declared it as Psychotropic Substance in April, 2018.


Huge quantity of packing and labelling materials has also been seized. The machinery used in the manufacture of the said pills has also been seized under the provisions of NDPS Act, 1985. Parallel raid was conducted at Sh. Balaji Ayurvedic Store, Janta Bhawan Road, Sirsa (Haryana), which was being used as forefront for diversion of manufactured Tramadol pills in disguise of Ayurvedic Medicines. The search of the said store resulted into recovery of pills containing 1.420 kg of Medicinal Opium and pills suspected to be containing 0.495 kg of Tramadol. The case under section 8/18, 21, 22, 25, 28 and 29 of the NDPS Act, 1985 has been registered and two persons are arrested. Further investigation is under progress.


Narcotics Commissioner Shri Rajesh Fattesing Dhabre reiterated that crack down operation shall be intensified further.


During this year, till date, Central Bureau of Narcotics has booked 7 cases and has seized 25.130 kgs Opium, 1.420 kg Medicinal Opium, 1738 kg Poppy Straw, 290 gram Heroin, 52.740 kg Tramadol, whereas during the year 2021 CBN has seized 62.550 kg Opium, 17557 kg black poppy seed, 9.830 kg Heroin, 29,454 kg Poppy Straw, 698.250 kg Ganja, 37,800 sq. Meters of illicit opium cultivation, 24,050 kg Acetic Anhydride, 13.390 kg MD powder and 3,29,642 Injection/Tablets of Psychotropic Substances.


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