Latest news with #Directive
NDTV
a day ago
- Politics
- NDTV
Madras High Court Orders Closure Of Liquor Shop Near School In Tamil Nadu
Chennai: In a significant judgment, the Madurai Bench of the Madras High Court on Monday (2 June, 2025) ordered the closure of a state-owned liquor shop (TASMAC) located in Dindigul town. The petitioner, P. Vetrivvel, argued that the liquor shop on Trichy Road was causing a nuisance for children passing through the area on their way to school. While the petitioner claimed that the school is located within 30 metres of the shop, the government countered that the TASMAC outlet falls within corporation limits, where the minimum required distance is 50 metres. It also contended that in a commercial area, the prescribed distance restrictions would not apply. However, the court dismissed the government's arguments and observed that the presence of the TASMAC outlet could indeed cause inconvenience and nuisance to the public, particularly to children during school hours. The court also stated, "It is contradictory for a welfare government to establish more hospitals on the one hand and simultaneously operate TASMAC shops on the other. This is not in consonance with constitutional ethos." The bench referred to Article 47 of the Constitution, which mandates the State to improve public health and endeavor to prohibit intoxicating drinks except for medicinal purposes. "It is a constitutional philosophy and the Directive principles insist that a welfare Government should strive wholeheartedly to enforce prohibition, rather than establish more TASMAC shops which adversely affect public health," court emphasised. It added, "When the right to health is a fundamental right, the State must ensure that the prohibition is slowly implemented in a phased manner to reduce harm to the public health". Irrespective of the political divide and the ruling DMK and the opposition AIADMK have been using TASMAC as a cash cow, unmindful of the health impact on consumers. Last year, the Tamil Nadu government earned a revenue of Rs 48,344 crore from TASMAC, an increase of Rs 2,483 crore from the previous year. Amid demands for prohibition, during her tenure as Chief Minister of Tamil Nadu, Jayalalithaa initiated measures to reduce the number of TASMAC liquor shops. This included announcing the closure of 500 liquor outlets and reducing the business hours of state-run liquor shops. The ruling DMK too had initiated measures to downsize number of shops, but the sale or liquor is only on the rise. The government argues prohibition is practically difficult to enforce as all neighbouring states sell liquor and a prohibition in this scenario would only nurture illicit liquor. But on the ground this argument many say falls flat as the state witnessed two illicit liquor tragedies killing nearly 80 people over the last few years. The matter is now listed for reporting compliance on June 18, 2025.
News18
2 days ago
- Health
- News18
‘Welfare State Should Prioritise Prohibition': Madras HC Orders Closure Of Liquor Shop Near School
Last Updated: The petitioner alleged that the shop caused a public nuisance, particularly endangering schoolchildren who frequently use the road to reach nearby educational institutions The Madurai bench of the Madras High Court (HC) recently directed the closure of a TASMAC liquor shop located at Trichy Road, Dindigul, emphasising that the State, as a welfare government, must strive toward prohibition and not profit at the cost of public health. The order was passed by a division bench comprising Justice SM Subramaniam and Justice Dr AD Maria Clete in response to a writ petition filed by one K Kannan, who sought the closure of TASMAC shop No.3110. The petitioner alleged that the shop caused a public nuisance, particularly endangering schoolchildren who frequently use the road to reach nearby educational institutions. Raising concerns over its location, the petitioner pointed out that the shop stood in proximity to two schools, a church, and a government hospital. Though the TASMAC authorities argued that the shop was compliant with the prescribed distance of 50 metres under the Tamil Nadu Liquor Retail Vending Rules, 2003, the court found this argument insufficient. The bench noted that mere adherence to technical distance norms cannot override legitimate public health and safety concerns. 'The TASMAC shop would undoubtedly cause public nuisance to the road users, children attending the School and persons going to Church etc.," court noted. The bench referred to Article 47 of the Constitution, which mandates the State to improve public health and endeavor to prohibit intoxicating drinks except for medicinal purposes. 'It is a constitutional philosophy and the Directive principles insist that a welfare Government should strive wholeheartedly to enforce prohibition, rather than establish more TASMAC shops which adversely affect public health," court emphasised. It added, 'When the right to health is a fundamental right, the State must ensure that the prohibition is slowly implemented in a phased manner to reduce harm to the public health". Accordingly, finding merit in the petitioner's concerns and concluding that no prejudice would be caused by shutting down the shop, the high court directed the respondents—including the TASMAC Managing Director and Dindigul District Collector—to close the shop within two weeks from the receipt of the order. The matter is now listed for reporting compliance on June 18.
Forbes
4 days ago
- Business
- Forbes
Can New Laws Tip Europe Into A Repair Society?
New laws are coming in Europe--some as soon as June 2025-- requiring products like smart phones to household goods to be designed to repairable backed with incentives for consumers, but will they go far enough? At a well-lit table in a church hall in the south England market town of Horsham, Simon Humphreys is testing frayed wires on a plug and cable that once powered a portable radio. Julian Olszowka, the radio's owner, is hoping that Simon, an electrical engineer by profession, can avoid the device ending up, shredded and dumped into the waste stream. Nearby Andrew Ramsden is peering into the back of a Krupps coffee-making machine that appears to have lost its ability to pump water. Stephanie James, the coffee machine's owner, says it is still capable of frothing milk but can't filter coffee. 'I would have had to dump it if I had not heard about this repair café, so I thought let's give it a go,' says Ms James. The Horsham repair café is part of Sussex Green Living, a regional southern England environmental group. It is staffed by a small group of volunteers, some of whom are experts and some of whom are applying common sense. Andrew admits he 'knows nothing about coffee machines' but stresses for most electrical goods the principles are the same. 'Whether it is a coffee machine or a vacuum cleaner, it is normally about have you got power going to where it needs to go and are things doing what they should do,' says Mr Ramsden. Simon reckons they can fix over half of the small electrical goods they see, but both despair at the way some goods are seemingly designed to be impossible to fix. Simon Humphreys checks out a defunct boom box while reporter Nick Nuttall looks on at the Sussex ... More Green Living Repair Cafe in Horsham, West Sussex, England 2025 Frustration ranges from 'built in obsolescence' meaning the manufacturers design goods to fail fast and in ways that make them hard to repair, up to the Herculean efforts often needed to source a crucial part at a realistic price. There are today some 700 Repair Cafés in the UK with more across Europe and the United States. The backbone of the current system is committed community and green groups, a small but growing suite or repair shops and customers who feel uncomfortable with the throwaway society. But there is also an increasing group of campaigners who feel, with the right incentives for customers and stronger rules for manufacturers, repair could play a key part in a modern economy while helping to combat climate change and create new green jobs. The focus right now is on a new law, called the 'Right to Repair' Directive, that is set to come into force across the European Union (EU) perhaps as soon as July 2026. It is allied to what is called the Eco Design Product Sustainability Regulation. The first is aimed at citizens, giving them more rights to get manufacturers to repair their faulty household goods while obligating governments in the EU governments to provide information or incentives for consumers to visit repair shops. The second is aimed at companies, requiring them to design products to be more repairable, and to ensure relevant parts are available to consumers and repairers. The new measures will apply to EU manufacturers but also to non-EU ones selling into the bloc. It means that a country like the UK, which is also seeking to strengthen repair laws at home, or a big exporter like China, may need to mirror much of the EU legislation if they want to continue exporting. Last year, the adoption of the 'Right to Repair' Directive marked a milestone in our push for a more sustainable and consumer-friendly Europe. This bold move reflects our commitment to a culture of repair, sustainability, and a circular economy across the European Union. It guarantees that consumers can repair their products even beyond the legal warranty, helping reduce waste and breathe new life into goods Many campaigners agree that progress is being made. But believe there is room to expand the scope of repair. Especially as member states (and perhaps non-EU states like the UK) move to translate the new requirements into domestic laws and plans. Under the Right to Repair, each member state of the EU has to choose at least one action that could range from information campaigns up to financial incentives. The Restart Project in the UK, part of a pan European network of 29 organizations under the banner Right to Repair Europe has begun trials in three London boroughs of what they believe is a key part of the jigsaw puzzle. The pilot, funded until September by the North London Waste Authority's Community Fund, is offering citizens vouchers that give them a 50 per cent discount at shops doing repairs. Fiona Dear of the UK Restart Project Fiona Dear, Restart's UK Director of Strategy and Operations, says they are working with ReLondon, a circular economy initiative led by the Mayor of London and local authorities, with the aim of making repair vouchers London-wide. But the big prize is to encourage the UK Government to make repair vouchers nationwide. Ms Dear said:' We know from polling in 2023 that 79% of the UK public support a government repair voucher scheme. But we also know that often, national policy needs to be based on regional trials'. Similar calls are being made in the EU where repair vouchers have been successfully piloted in the Upper Austria region. That led to a national, now two-year-old, programme. France also has a nationwide scheme. But the Right to Repair Directive does not mandate them EU-wide. Campaigners are also pressing for the scope of products covered under the new Directive and Eco Design rules to be significantly expanded. Familiar white goods like washing machines and fridges are already covered and others have been added like tablets and batteries in products such as e-bikes. France has for some years carried a repairability score on white goods like washing machines, alongside the familiar energy ratings, as a way of encouraging consumers to make better choices. New energy efficiency plus now repairability stickers to appear on an increasing number of ... More electrical goods under the Right to Repair Directive in Europe Under the new repair push, repairability ratings will appear on smartphones and tablets in the EU from 20 June 2025 with more goods included next year. But campaigners want more ambition including a rating that includes not only how repairable a product is but the likely price of spare parts. Meanwhile, they want more commitment to financial incentives for consumers, ranging from Europe-wide voucher schemes or VAT cuts for repair to perhaps lower business rates for commercial repair shops and repair cafes. Cristina Ganapini, parts of the Right to Repair Europe which also links to 180 member organizations across 30 countries, says repair is not a nostalgic nod to the past, but has a big role to play in a modern, sustainable facing, society. The European Environmental Bureau (EEB) says extending the lifetime of all washing machines, notebooks, vacuum cleaners and smartphones in the EU by just one year would save around 4 million tonnes of carbon dioxide (CO2) annually by 2030-- equivalent to taking over 2 million cars off the roads for a year. This could help the EU to meet its climate targets under the Paris Agreement and other related goals. A report by the German government's environment agency says a strong Right to Repair culture could generate around 60,000 additional jobs, many of which could be well paid in sectors such as Information and Communications Technologies, textiles, engineering, and electrical occupations Rosalind Peters repairs damaged clothing at Sussex Green Living's Repair Cafe in Horsham, West ... More Sussex, England 2025 How far campaign groups can push the European Commission, the EU member states and the UK government to go further and faster remains to be seen. Commissioner McGrath said the work now focused on ensuring the countries of the EU fully implement the Right to Repair Directive by July next year but did signal further steps. 'A major next step is the launch of the European Repair Platform by January 2028, designed to provide easy access to repair services across Europe. At the same time, we're pushing forward with eco-design legislation to set high repairability standards, making products longer lasting and easier to fix. These actions not only benefit consumers but also spark new opportunities and drive economic growth in the repair sector, 'he added. Back at Sussex Green Living's Repair Café, the coffee machine fault has been linked to a small rubber device. Given the wind in the sails of Right to Repair, Andrew and Stephanie and repairers and consumers in the EU and beyond may find sourcing such a spare part soon becomes less treasure hunt and more speedy reality. Much will depend on the ambition of EU member states to go the extra mile, the extent to which other countries, like the UK, act and the success of campaigners on both sides of the English Channel to win new and significant practical and political gains.
Yahoo
5 days ago
- Business
- Yahoo
EssilorLuxottica: successful Euro 1 billion bond issuance
NOT TO BE RELEASED, PUBLISHED OR DISTRIBUTED DIRECTLY OR INDIRECTLYIN THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS PRESS RELEASE This press release does not constitute a solicitation nor an offer to purchase the Bonds (as such term is defined below) in the United States of America or to, or for the account or benefit of, U.S. Persons (as defined in Regulation S under the US Securities Act of 1933, as amended (the 'Securities Act')). The Bonds may not be offered or sold in the United States of America or to, or for the account or benefit of, U.S. Persons unless they are registered or exempt from registration under the Securities Act. EssilorLuxottica does not intend to register any portion of the offering of the Bonds in the United States or to conduct a public offering of the Bonds in the United States. The Bonds were offered only to qualified investors as defined by Directive 2014/65/EU (as amended, 'MiFID II'). The Bonds may not be offered or sold to retail investors. No Key Information Document under Regulation (EU) No 1286/2014 (as amended, 'PRIIPS Regulation') has been nor will be prepared. For the purposes of this provision the expression "retail investor" means a person who is one (or both) of the following:(i) a retail client as defined in point (11) of Article 4(1) MiFID II; or(ii) a customer within the meaning of Directive (EU) 2016/97, where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II. EssilorLuxottica: successful Euro 1 billion bond issuance Paris, France (June 3, 2025 – 8:30 pm) – EssilorLuxottica (rated A2 positive by Moody's and A stable by S&P) successfully launched today a bond issuance for a total amount of Euro 1 billion maturing in January 2030, carrying a coupon of 2.625% with a yield of 2.76%. The order book peaked over Euro 2.5 billion, attracting quality institutional investors, demonstrating high confidence in EssilorLuxottica's business model and credit profile. The proceeds of this issuance will be used for general corporate purposes. Admission of the bonds to trading on Euronext Paris will be effective on the settlement date, which is expected to take place on June 10, 2025. Attachment DOWNLOAD THE PRESS RELEASEError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
Eramet: Issue of sustainability-linked bonds to be assimilated with the bonds issued on 30 May 2024
Paris, 21 May 2025, 5:45 p.m. PRESS RELEASE Eramet: Issue of sustainability-linked bonds to be assimilated with the bonds issued on 30 May 2024 Eramet announces today the issue of sustainability-linked bonds in a principal amount of €100 million (the 'Bonds') which will be assimilated and form a single series from their issue date with the €500 million sustainability-linked bonds due 30 November 2029 issued on 30 May 2024, with an annual coupon of 6.5%. This issue increases the total principal amount of such bonds to €600 million. The net proceeds of the issue of the Bonds will be used for Eramet's general corporate purposes. The Bonds will have the same terms and conditions as those issued in May 2024 (with the exception of the issue price)1. The Bonds, for which the settlement is scheduled on 28 May 2025, will be admitted to trading on the regulated market of Euronext in Paris. DISCLAIMER This press release does not constitute an offer to subscribe to the Bonds in or from any country or jurisdiction to whom or in which such offer would be unlawful under the applicable laws and regulations. This press release is not a prospectus for the purposes of the Regulation (EU) 2017/1129 (as amended, the ''). The issue of the Bonds is not being made in a public offering in any country or jurisdiction, including in France, to any person other than qualified investors (as defined in article 2(e) of the Prospectus Regulation). The distribution of this press release may be restricted by law in certain jurisdictions. Persons into whose possession this press release comes should inform themselves about and observe any applicable legal and regulatory restrictions. . The Bonds have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act of 1933, as amended (the '')) absent registration or unless pursuant to an applicable exemption from the registration requirements of the Securities Act and any other applicable securities laws. This press release does not constitute an offer to sell or the solicitation of an offer relating to the Bonds, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Bonds are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area (the ''). For these purposes, a '' means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, ''); (ii) a customer within the meaning of Directive (EU) 2016/97, as amended, where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) ofMiFID II; or (iii) a person who is not a qualified investor within the meaning of Article 2(e) of the Prospectus Regulation. The Bonds are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the United Kingdom. For these purposes, a '' means a person who is one (or more) of the following: (i) a retail client, as defined in point (8) of Article 2 of Regulation (EU) No. 2017/565 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (the''); (ii) a customer within the meaning of the provisions of the Financial Services and Markets Act 2000 (as amended, the '') and any rules or regulations made thereunder to implement Directive (EU) 2016/97, where that customer would not qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the EUWA; or (iii) a person who is not a qualified investor as defined in Article 2 of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the EUWA. This press release does not constitute and shall not, in any circumstances, constitute a public offering nor an invitation to the public in connection with any offer within the meaning of the Prospectus Regulation or otherwise. In the United Kingdom, this press release is directed only at persons who (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the ''), (ii) are persons falling within Article 49(2)(a) to (d) of the Financial Promotion Order or (iii) are other persons to whom it may lawfully be communicated (all such persons together being referred to as ''). The issue of the Bonds is only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire the Bonds will be directed only to Relevant Persons. MiFID II professionals/ECPs-only/ No PRIIPs KID – Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs or UK PRIIPs key information document (KID) has been prepared as not available to retail investors in EEA and in the United Kingdom. ABOUT ERAMET Eramet transforms the Earth's mineral resources to provide sustainable and responsible solutions to the growth of the industry and to the challenges of the energy transition. Its employees are committed to this through their civic and contributory approach in all the countries where the mining and metallurgical group is present. Manganese, nickel, mineral sands, and lithium: Eramet recovers and develops metals that are essential to the construction of a more sustainable world. As a privileged partner of its industrial clients, the Group contributes to making robust and resistant infrastructures and constructions, more efficient means of mobility, safer health tools and more efficient telecommunications devices. Fully committed to the era of metals, Eramet's ambition is to become a reference for the responsible transformation of the Earth's mineral resources for living well together. INVESTOR CONTACTDirector of Investor RelationsSandrine Nourry-DabiT. +33 1 45 38 37 02 PRESS CONTACTMedia Relations OfficerNedjma AmraniT. +33 6 65 65 44 Attachment 21-05-25-Eramet-PR-TAP Pricing EN
