Latest news with #NNPA
Yahoo
18-05-2025
- Business
- Yahoo
Funding cuts leave national park 'near cliff edge'
A national park is "close to a cliff edge", facing cuts to education, outreach and ranger services after a reduction in its government funding, according to its boss. The chief executive of the Northumberland National Park Authority (NNPA) Tony Gates said a cut of about 8% in its revenue grant for this year comes on top of a long-term financial squeeze. "I'm really struggling to see how we can remove £350,000 from our budget next year without cutting back some really critical services," Mr Gates said. The government said it had given England's 10 national parks a £15m capital uplift, calling them a "source of national pride". But Mr Gates said funding for the national park had fallen sharply in real terms over 15 years, forcing the closure of visitor centres and the shrinking of its team of rangers. "We're facing the single largest cut in our revenue budget that we've had in our history," Mr Gates said. "At a time when we face a nature crisis, a climate crisis and a health and wellbeing crisis for our people, the impact is likely that we're reducing the number of programmes in those areas rather than expanding them." Steve Miller, who owns a campsite at Melkridge, said the park was vital for local tourism. He said most of his customers come to use the facilities and enjoy the countryside. "If the National Park didn't exist it would definitely impact the amount of visitors coming," Mr Miller said. Mr Gates said Department for Environment, Food and Rural Affairs capital investment was "very welcome", but it still left the park struggling to cover it running costs. "It helps pay for facilities," he said. "But I need to have a team in place to identify what those capital investments are... to look after them and maintain them." Politics North is on BBC One on Sunday at 10:00 BST and on iPlayer. Follow BBC North East on X, Facebook, Nextdoor and Instagram. National park admits it could do 'more' for wildlife National park cuts will axe rangers, bosses say Northumberland National Park Department for Environment, Food and Rural Affairs
BBC News
18-05-2025
- Business
- BBC News
Northumberland National Park 'near cliff edge' over funding cuts
A national park is "close to a cliff edge", facing cuts to education, outreach and ranger services after a reduction in its government funding, according to its chief executive of the Northumberland National Park Authority (NNPA) Tony Gates said a cut of about 8% in its revenue grant for this year comes on top of a long-term financial squeeze."I'm really struggling to see how we can remove £350,000 from our budget next year without cutting back some really critical services," Mr Gates government said it had given England's 10 national parks a £15m capital uplift, calling them a "source of national pride". But Mr Gates said funding for the national park had fallen sharply in real terms over 15 years, forcing the closure of visitor centres and the shrinking of its team of rangers."We're facing the single largest cut in our revenue budget that we've had in our history," Mr Gates said."At a time when we face a nature crisis, a climate crisis and a health and wellbeing crisis for our people, the impact is likely that we're reducing the number of programmes in those areas rather than expanding them." Steve Miller, who owns a campsite at Melkridge, said the park was vital for local said most of his customers come to use the facilities and enjoy the countryside."If the National Park didn't exist it would definitely impact the amount of visitors coming," Mr Miller said. Mr Gates said Department for Environment, Food and Rural Affairs capital investment was "very welcome", but it still left the park struggling to cover it running costs."It helps pay for facilities," he said."But I need to have a team in place to identify what those capital investments are... to look after them and maintain them." Politics North is on BBC One on Sunday at 10:00 BST and on iPlayer. Follow BBC North East on X, Facebook, Nextdoor and Instagram.
Time of India
03-05-2025
- Business
- Time of India
Indian Bank reports 32% growth in Q4 FY25 net profit
CHENNAI: Public sector Indian Bank on Saturday posted 32% growth in net profit at Rs 2,956 crore in the quarter ended March 31, 2025 against Rs 2,247 crore in the corresponding quarter last year. Its net interest income increased by 6% YoY at Rs 6,389 crore in the quarter ended March 31, 2025, which was at Rs 6,015 crore during the year ago quarter. The operating profit rose by 17% YoY to ₹5,019 crore in Q4 FY25 from Rs 4,305 crore in the same quarter last year. The gross advances increased by 10% YoY at Rs 5,88,140 crore during the Jan-Mar quarter of 2024-25, which was at ₹5,33,773 crore during the corresponding quarter previous year. RAM (Retail, agriculture & MSME) advances grew by 13% YoY to Rs 35,0876 crore in the quarter ended March 31, 2025 from Rs 30,9918 crore in March 2024. Total deposits increased by 7% YoY and reached ₹7,37,154 crore in the quarter ended March 31, 2025 as against ₹6,88,000 crore of March 2024. Domestic CASA ratio stood at 40.17% as on Mar 31, 2025, while CD ratio stood at 79.79% as on March 31, 2025. GNPA decreased by 86 bps YoY to 3.09% in the quarter ended March 31, 2025 from 3.95% in March 31, 2024. NNPA reduced by 24 bps to 0.19% in the quarter ended March 31, 2025 from 0.43% in March 2024. Slippage ratio was flat at 1.09% Q4 FY25 when compared with the same period of FY24. Fresh slippages in the fourth quarter of FY25 was at Rs 1,393 crore. Briefing reporters here, Indian Bank MD & CEO Binod Kumar said, the bank's business crossed ₹13 lakh crore mark in FY25. "The board has approved to raise infrastructure bond of Rs 5,000 crore for FY26," he added. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
