Latest news with #KamalSharma
Time of India
6 days ago
- Time of India
Liquor shop named ‘Court Complex Vend' told to shift
Gurgaon: A liquor shop named "Court Complex Liquor Vend" in Sonipat was ordered to relocate by a court that termed the nomenclature "disparaging" to the institution of justice. The vend, situated in front of the judicial court complex in Kharkhoda in Sonipat, drew severe criticism for its location and name. The controversy began when a group of lawyers filed a suit alleging "public nuisance" caused by the liquor outlet. They complained about "unsocial elements" gathering at the court's main gate and intoxicated customers entering the premises as well, at times. You Can Also Check: Gurgaon AQI | Weather in Gurgaon | Bank Holidays in Gurgaon | Public Holidays in Gurgaon The petition also highlighted the presence of handcarts selling specific unhygienic food items to liquor consumers. "Drinking in a public place is an offence, and the judicial court complex has been made a permanent place for committing this offence by the excise and taxation department," said Kamal Sharma, the counsel representing the lawyers. He added that littering of empty bottles and food waste had compromised the complex's cleanliness. During the hearing, the excise department argued that it had issued the liquor vend a valid licence and officially named it "Court Complex Liquor Vend". But additional civil judge (senior division) Vikrant noted that while the department could decide the vend's location, naming a liquor shop after a reputable institution or landmark could diminish the respect the society attached to such places. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If you have a mouse, play this game for 1 minute Navy Quest Undo "The excise department must remember that naming a liquor shop after any reputable institution may harm the societal worth attached to such an institution," the judge observed. In a strongly worded order, the court said, "Identifying the court complex with a liquor shop is not only undignified vis-à-vis the sanctity attached to the court, commonly called the 'Temple of Justice', but it severely impairs the honour attached to the institution of judiciary." Further investigation revealed that the vend had not obtained necessary permission from local authorities — as required under the excise policy. On July 18, the court ordered the shop to be sealed. The vend owners later produced the required permissions and proposed relocating the shop to Old Sonipat Road. After the excise department issued an NOC, the court allowed the shop to remove stocks and facilitate the relocation on Aug 2. The vend has since been moved to its new location on Old Sonipat Road.
Zawya
7 days ago
- Business
- Zawya
Sterling advances against dollar, euro ahead of BoE policy announcement
The British pound climbed against the dollar on Monday, adding to gains from Friday as the U.S. currency dropped following a weak U.S. jobs report, with the focus on the Bank of England's impending policy announcement later this week. The pound was last at $1.3306 against the dollar, up 0.2% after a 0.6% gain on Friday. But the currency slid 3.8% last month, its biggest monthly drop since September 2022, on concerns over Britain's fiscal position and softening economic data. "Narratives are often hard to shake and the mood music around GBP has been glum for some time," said Kamal Sharma, senior FX strategist at Bank of America. The pound was last up 0.3% at 87 pence per euro. It fell to 87.69 pence last week, its weakest against the single currency since May 2023. Sharma believes the pound will strengthen into year-end against the euro as he expects euro area data to soften, prompting more rate cuts from the European Central Bank. Danske Bank FX strategist Mohamad Al-Saraf held a more bearish view on the pound, expecting the currency to fall to 89 pence per euro in 12 months. "We think the British economy has shown more pronounced signs of weakness, particularly the labour market," Al-Saraf said. "The relative growth outlook between the UK and the euro area are becoming pound negative." Attention was turning to the BoE policy announcement on Thursday, with markets pricing in around a 90% chance of a quarter-point rate cut. Traders are pricing in 50 basis points of easing by year-end. With a rate cut almost fully priced, focus for currency traders will be on the outlook for interest rates and whether the central bank could slow the pace at which it shrinks its holdings of government bonds, known as quantitative tightening. "There could be a positive surprise for sterling were the BoE to announce that a lower pace of quantitative tightening ... was accompanied by fewer sales of longer-dated Gilts," said ING head of research Chris Turner.
Yahoo
7 days ago
- Business
- Yahoo
Sterling advances against dollar, euro ahead of BoE policy announcement
By Samuel Indyk LONDON (Reuters) -The British pound climbed against the dollar on Monday, adding to gains from Friday as the U.S. currency dropped following a weak U.S. jobs report, with the focus on the Bank of England's impending policy announcement later this week. The pound was last at $1.3306 against the dollar, up 0.2% after a 0.6% gain on Friday. But the currency slid 3.8% last month, its biggest monthly drop since September 2022, on concerns over Britain's fiscal position and softening economic data. "Narratives are often hard to shake and the mood music around GBP has been glum for some time," said Kamal Sharma, senior FX strategist at Bank of America. The pound was last up 0.3% at 87 pence per euro. It fell to 87.69 pence last week, its weakest against the single currency since May 2023. Sharma believes the pound will strengthen into year-end against the euro as he expects euro area data to soften, prompting more rate cuts from the European Central Bank. Danske Bank FX strategist Mohamad Al-Saraf held a more bearish view on the pound, expecting the currency to fall to 89 pence per euro in 12 months. "We think the British economy has shown more pronounced signs of weakness, particularly the labour market," Al-Saraf said. "The relative growth outlook between the UK and the euro area are becoming pound negative." Attention was turning to the BoE policy announcement on Thursday, with markets pricing in around a 90% chance of a quarter-point rate cut. Traders are pricing in 50 basis points of easing by year-end. With a rate cut almost fully priced, focus for currency traders will be on the outlook for interest rates and whether the central bank could slow the pace at which it shrinks its holdings of government bonds, known as quantitative tightening. "There could be a positive surprise for sterling were the BoE to announce that a lower pace of quantitative tightening ... was accompanied by fewer sales of longer-dated Gilts," said ING head of research Chris Turner.
Reuters
7 days ago
- Business
- Reuters
Sterling advances against dollar, euro ahead of BoE policy announcement
LONDON, Aug 4 (Reuters) - The British pound climbed against the dollar on Monday, adding to gains from Friday as the U.S. currency dropped following a weak U.S. jobs report, with the focus on the Bank of England's impending policy announcement later this week. The pound was last at $1.3306 against the dollar , up 0.2% after a 0.6% gain on Friday. But the currency slid 3.8% last month, its biggest monthly drop since September 2022, on concerns over Britain's fiscal position and softening economic data. "Narratives are often hard to shake and the mood music around GBP has been glum for some time," said Kamal Sharma, senior FX strategist at Bank of America. The pound was last up 0.3% at 87 pence per euro. It fell to 87.69 pence last week, its weakest against the single currency since May 2023. Sharma believes the pound will strengthen into year-end against the euro as he expects euro area data to soften, prompting more rate cuts from the European Central Bank. Danske Bank FX strategist Mohamad Al-Saraf held a more bearish view on the pound, expecting the currency to fall to 89 pence per euro in 12 months. "We think the British economy has shown more pronounced signs of weakness, particularly the labour market," Al-Saraf said. "The relative growth outlook between the UK and the euro area are becoming pound negative." Attention was turning to the BoE policy announcement on Thursday, with markets pricing in around a 90% chance of a quarter-point rate cut. Traders are pricing in 50 basis points of easing by year-end. With a rate cut almost fully priced, focus for currency traders will be on the outlook for interest rates and whether the central bank could slow the pace at which it shrinks its holdings of government bonds, known as quantitative tightening. "There could be a positive surprise for sterling were the BoE to announce that a lower pace of quantitative tightening ... was accompanied by fewer sales of longer-dated Gilts," said ING head of research Chris Turner.
Time of India
19-06-2025
- Time of India
Two men from Indore & Bhopal held for sharing child sexual abuse material online
Indore: Acting against online child sexual abuse material (CSAM), the Indore cell of state cyber police on Thursday arrested two men for sharing obscene videos involving minor girls through social media. Tired of too many ads? go ad free now The accused were identified based on information received from Meta Platforms Inc. (Facebook and WhatsApp) through the Cyber Tipline and NCMEC. The accused were found to be active members of social media groups engaged in distributing child pornography. Acting on this data, two separate cases were registered under Section 67B of the IT Act. The complaints were received via the Ministry of Home Affairs' Cyber Tipline, following which a detailed technical analysis was conducted. During the investigation of the first case, the cyber team traced the Facebook activity to Santosh Thakur, 38, a resident of Bag Sewania, Bhopal. He was found to be sharing CSAM through Facebook Messenger and also deleted content to destroy evidence. He was arrested, and his mobile phone and SIM card used in the offence were seized. In the second case, the accused was identified as Kamal Sharma, 35, a resident of Shri Ram Nagar, Indore. He was found to be part of groups that circulated sexually explicit content involving minors on WhatsApp. The investigation revealed that he downloaded and shared child pornographic videos and later deleted them in an attempt to destroy evidence. His mobile device and SIM card were also confiscated. Both accused admitted to being part of online groups that exchanged objectionable material. As a result, additional sections for evidence destruction have been added to the case. Tired of too many ads? go ad free now Authorities have issued a public advisory urging citizens not to click on suspicious links, especially those marked with a blue icon, and to refrain from joining any group involved in sharing pornographic or child abuse material. Sharing, uploading or downloading such content is a serious criminal offence. Citizens are also advised to secure their social media accounts using two-factor authentication, avoid unknown friend requests, and never share personal information online. In case of any such content being found, people are encouraged to file a complaint at or call the cyber helpline 1930.
