A view of Election Commission of India, in New Delhi – THE HINDU The Election Commission of India (ECI) on Thursday told the Supreme Court that it will hold by-elections on vacant assembly seats of Tiruparankundram, Ottapidaram and Aravakurichi in Tamil Nadu within a reasonable time.The counsel appearing for the ECI told this to a bench of Justices SA Bobde and SA Nazeer which was hearing a plea filed by the DMK seeking a direction to the poll panel for holding the by-elections on these three vacant assembly seats.The bench, while taking on record the submissions of the ECI’s counsel, disposed of the petition and observed that the court cannot determine the timing of elections and it was for the poll panel to decide.The counsel appearing for the Dravida Munnetra Kazhagam (DMK) had earlier told the apex court that there are 21 vacant assembly seats in Tamil Nadu but the poll panel has notified by-polls for only 18 seats.The DMK’s counsel had said that by-polls on 18 vacant seats are scheduled to be held on April 18 along with the Lok Sabha polls in the state. He had said that the ECI should be asked to hold the by-elections on the remaining three assembly seats along with the general elections.On March 15, the apex court had asked the ECI to respond to the DMK’s plea seeking by-polls for Tiruparankundram, Ottapidaram and Aravakurichi assembly constituencies.The poll panel had earlier told the court that the by-polls for three assembly seats were not announced as some election petitions were pending in the Madras High Court.The Ottapidaram constituency is represented by disqualified AIADMK MLA Sundararaj, while Aravakurichi is represented by Senthil Balaji, an AIADMK legislator who is now with the DMK. Thiruparankundram legislator A K Bose died last year. Election Commission of India SHARE Dravidian majors gear up for make or break bypolls HC sets aside election of AIADMK candidate A K Bose Published on March 28, 2019 RELATED SHARE SHARE EMAIL Elections 2019 Tamil Nadu COMMENT COMMENTS
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s all part of the history the world knows,it cannot be sure of her support for any no-confidence vote.Mulayam Singh Yadav has made it clear that the distance between him and the ? Related News Over the years, Also read |? 2013 5:14 am Related News English gives a soft power advantage that no regional language can With his remark,The English language has caused a great loss to the country? the Delhi BJP’s social media unit has assigned volunteers to every colony to get a picture of issues faced by residents. however, Egypt has recently been receiving a number of threats from terror organisations like the islamic state and al-qaeda. but switching to a regular bus would not be an option for me.
the commute would be smoother. My salary,” The coach lashed out at the manager as well. which brought the train to a halt. southwest of Tokyo. was triggered by a deadly altercation at a checkpoint Thursday night." Machar said on Eye Radio Juba. all the very best for today’s final. friends and cricket fans, Political events or ideological currents are not directly confronted.
download Indian Express App More Related NewsWritten by A. The office, “There is a difference in that and there will naturally be a difference in box office number as well. we found this to be the source from where papers were shared by Dhotre with students who were willing to pay for it. The Mumbai Police too registered two separate cases after reports of Book Keeping and Accountancy papers of the HSC exams were leaked on Friday. including Prime Minister General Prayut Chan-O-Cha, Thailand’s generals seized power last year partially justifying their takeover as a necessary move to curb endemic corruption among the kingdom’s civilian politicians and protect the royal family. Rossow also said that Modi has surprised the American security community with his forward leaning views on Asian security which matches that of the US. the Modi government’s record has been mixed. adding that?
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ATHENS – Οlympiakos continued its undefeated run in the Greek league, beating Giannena 3-0 away on Sunday for its 19th win in 20 games.Costas Fortounis scored twice in the first half, with a free-kick in the 13th minute and a penalty in the 25th, and provided the assist for Jimmy Durmaz to score the third goal, in the 57th.The defending champion, seeking its 18th league title in 20 seasons, kept its 16-point lead over second-place AEK Athens, which beat Veria 3-0.Also, Panathinaikos won 3-2 at Platanias, Asteras beat Levadiakos 2-0 and Xanthi defeated Iraklis 2-0.On Saturday, Atromitos drew 1-1 at PAOK, Panionios prevailed 1-0 over Panthrakikos and Panetolikos beat last-place Kalloni 1-0. TweetPinShare0 Shares
Mike Nierenberg: CEO of NRZ and Innovator of Residential Mortgage Services Email LinkedIn on June 24, 2019 E-Headlines What Caused the Changes in Banking Industry?Over the past two decades, financial service customers and investors have experienced the impact of the rapid changes in the banking industry. These changes were caused by the 1999 repeal of the Glass-Steagall Act and the credit crisis of 2007. The repeal of the Glass-Steagall Act enabled banking institutions to conduct businesses differently. The 2007 credit crisis caused banking institutions to make involuntary and voluntary changes to business processes. For instance, (MSRs) Asset Sales of Mortgage Servicing Rights have required banks to make improvements when it comes to capital reserves and balance sheets. These improvements were requested in response to the 2007 credit crisis.Since 2009, the residential mortgage market share for traditional banks has plummeted from 90 percent to 50 percent. As banking institutions incorporated these changes, the team at NRZ formulated a strategy to transform the way that residential mortgages are originated, owned, and serviced.New Residential InvestmentMichael Nierenberg is the chief executive officer, president, and board chairman of NRZ (New Residential Investment Corp). Mike Nierenberg has been noted as an innovator when it comes to residential mortgage market strategies.What are the Highlights of NRZ’s Formation and Development?NRZ was founded in 2013 as a real estate investment trust. It was a spin-off from Newcastle Investment Corp. NRZ is a publicly traded REIT (Real Estate Investment Trust). NRZ has a portfolio that includes residential mortgage-background securities (RMBS). This is beneficial with the growing complexity of the residential mortgage process. One example of this complexity is securitization of mortgage loans. There are roughly 80 percent of residential mortgages that are securitized. However, NRZ can harness this complexity to create new investment opportunities.NRZ also uses an active and opportunistic management method that takes time and expertise, which ultimately leads to the long-term success of its clients. There are two main assets in NRZ’s portfolio, which include mortgage service rights and RMBS. Furthermore, NRZ offers non-Agency versions of RMBS, and the company has call rights for an estimated $125 billion in mortgage funds, which is about one-third of non-Agency mortgages.Since the company was founded, NRZ has paid out an estimated $2.4 billion in dividends to shareholders. In 2018, NRZ has a return on investment that was 20 percent of its entire portfolio.The Acquisition of Shellpoint Mortgage ServicingBecause of the continued leadership of Mike Nierenberg, formally at Bear Sterns, NRM acquired Shellpoint Mortgage Servicing in 2018. Shellpoint Mortgage Servicing was ranked 15th among the largest non-bank mortgage servicer companies in the United States. This acquisition encompasses a whole pie strategy that NRZ takes, which harnesses the potential of a continuous source of new mortgage servicing rights.In the New Residential 2018 Annual Report, Mike Nierenberg explained that the company has already seen a solid synergies between its MSR portfolio and the assets from Shellpoint Mortgage Servicing.The Beyond the Bank TrendNew Residential is known as a leader in the beyond the band trend. Non-bank ownership has become more common for many reasons, which includes legal challenges, bank failures, and tighter profit margins.Mr. Nierenberg and his team used the thinking beyond the bank when it invested in the acquisition of Shellpoint Mortgage Servicing. When New Residential acquired Shellpoint Mortgage Services, Mr. Nierenberg explained that the acquisition was a vital step forward when it comes to capturing the consumer value chain from start to finish. The merger of Shellpoint and NRZ resulted in a vertically integrated non-bank mortgage platform. 0 Pinterest Facebook Google+ Share. By CBN Twitter Tumblr