House Finance Committee Seek Change To PFD Formula Amid Special Session

first_imgFacebook0TwitterEmailPrintFriendly分享The House Finance Committee brought forward a bill seeking changes to the dividend formula going forward. The bill comes a week into the special session. The major items on the call are; the size of permanent fund dividend, crime legislation, and the budget. Knopp: “The PFD is on the call, but this comes with a catch. Representative Wilson is suggesting we pay out a $3,000 dividend, but as you know it comes with the caveat that we have to write another bill to restructure the formula. That would mean that the governor would have to add that to the call, so I think it’s a long shot.” The current dividend calculation hasn’t been followed the last three years amid an ongoing budget deficit, and dividend payouts have been reduced. Governor Mike Dunleavy has called for a full dividend and said that voters should have a say on any changes to the dividend program. HB 1005 was introduced by Representative Tammie Wilson. Representative Gary Knopp, member of the House Finance Committee: “It is simply an idea that Representative Wilson rolled out to try and find a compromise with the Senate so we can get wrapped up and get out of here.” last_img read more

Gold Imports to Rise Premiums may Double Ahead of Diwali

first_imgAccording to bullion traders, India’s monthly gold imports are set to rise by as much as 50% from the current levels and premiums could also double ahead of this festive season next month. Additionally, gold sales are expected to rise by 15 to 20%.Currently, gold is being sold for around ₹27,000 per ten gram. It is expected that Indian gold buyers would help support global bullion prices which had dipped to eight-and-a-half month low of ₹1,216.01 (₹74,072) per 30 grams amid worries of hike in US interest rates. The festive demands are expected to push local gold prices. Prithiviraj Kothari, vice-president of the India Bullion & Jewellers’ Association expects the gold price to touch ₹28,500 per ten gram ahead of Hindu festivals like Dhanteras and Diwali.”Gold imports are expected to rise to about 70-75 tonnes per month in the coming months as against a monthly average of 50-60 tonnes,” Reuters quoted Prithviraj Kothari, vice-president of the India Bullion & Jewellers’ Association.After and during the Indian festive season, Indian gold premiums to the global benchmark are also expected to surge by ₹731 to ₹912 for 30 grams, from the current rate of ₹426 to ₹609 an ounce.Gold reached its highest at ₹35,074 per ten gram in August 2013, but then onwards the bullion prices have slipped steadily aided by weak prices overseas and a strengthening rupee.Deficit worries?Heavy imports raised the fiscal deficit during previous year that had put the rupee under pressure and slowed growth. Following this, UPA finance minister P. Chidambaram raised the import tax on gold for the third time in a year.However, in May 2014, RBI eased import restrictions on this commodity. The central bank permitted private agencies and banks to provide gold loans to the sector. But, the government has not lowered the import duty which is at 10%.India’s investment demand for gold slumped 67% on year in the June quarter, according to World Gold Council.But, Kothari opined that India’s deficit would not hurt because of gold demand during festive season as government’s restrictions on gold imports and lower international prices will prevent the deficit.last_img read more

Netflix Gives Second Season to Indian Crime Series Sacred Games

first_imgKashyap will continue directing Gaitonde’s track, while Neeraj Ghaywan (“Masaan”) will take over Singh’s plot. Motwane and Varun Grover will continue their roles as showrunner and lead writer, respectively.“We’ve been thrilled by the response to ‘Sacred Games’ from fans worldwide, and especially in India,” said Erik Barmack, VP, International Originals at Netflix. Global streaming giant, Netflix has ordered a second season of crime series “Sacred Games.” The Hindi- and English-language show was Netflix’s first Original series made in India.The Mumbai-set show explores the city’s web of organized crime, corruption, politics and espionage that lie beneath India’s economic renaissance, and pits a jaded cop against India’s most wanted gangster and is based on Vikram Chandra’s best-selling novel. Production is by Netflix and Phantom Films, a directors’ collective formed by Vikas Bahl, Anurag Kashyap, Vikramaditya Motwane and Madhu Mantena in 2011.“The second season picks up from Sartaj Singh (played by Saif Ali Khan) pursuing his relentless battle of saving the city and Ganesh Gaitonde (Nawazuddin Siddiqui) facing bigger challenges to retain his position as the legendary kingpin of Mumbai. The intriguing Guruji (Pankaj Tripathi), introduced in season one as Gaitonde’s third father, plays a pivotal role in unfolding a chain of events that shape the next season,” Netflix said. Production in India and abroad is scheduled later this year. ×Actors Reveal Their Favorite Disney PrincessesSeveral actors, like Daisy Ridley, Awkwafina, Jeff Goldblum and Gina Rodriguez, reveal their favorite Disney princesses. Rapunzel, Mulan, Ariel,Tiana, Sleeping Beauty and Jasmine all got some love from the Disney stars.More VideosVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9Next UpJennifer Lopez Shares How She Became a Mogul04:350.5x1x1.25×1.5x2xLive00:0002:1502:15center_img Popular on Variety last_img read more